From December 5 to 6, the 2nd Traditional Chinese Medicine Formula Granules Market Summit, guided by the Traditional Chinese Medicine Formula Granules Professional Committee of China and jointly organized by the Traditional Chinese Medicine Formula Granules Industry Alliance and CyberBlue, was held in Guangzhou. The company's chairman Shen Fanshun and general manager Tan Feng attended the meeting.

Under the theme of "New Momentum • New Growth", the conference gathered association leaders, executives from formula granule manufacturers, and professionals from research and securities institutions to exchange insights on industry policies, strategic planning, and marketing strategies.

The summit hosted the Golden Tripod Awards ceremony for the Chinese herbal formula granules industry, where the company was honored as the 'Most Promising Enterprise in Chinese Herbal Formula Granules for 2023'.

In 2021, China's traditional Chinese medicine (TCM) formula granules market was fully liberalized, with over 80 manufacturers now operating in the sector. This has created a new landscape featuring dual-track implementation of national and provincial standards, alongside competition among six established players and emerging pharmaceutical firms.

For over two decades, Chun Guang Jiu Hui has specialized in researching and manufacturing innovative Chinese herbal preparations, including formula granules, ultra-fine processed slices (wall-breaking processed slices), and ready-to-use slices. As the largest producer of formula granules in Hunan Province, it leads the industry with its cutting-edge production capabilities.

As of November 30, the company has completed market filing for 457 varieties of Chinese herbal formula granules, including 240 national standard varieties, both ranking first in Hunan Province. On October 27, in the centralized procurement of 200 varieties of Chinese herbal formula granules by the 15-province alliance, all varieties submitted by the company were shortlisted, with 144 varieties offering the best national quotations and 178 varieties ranking in the top three.

With the mission of being "the inheritor of Hunan's traditional Chinese medicine culture, the leader in the development of traditional Chinese medicine industry-university-research collaboration, and the guardian of people's health," Chun Guang Jiu Hui will continuously strengthen the construction of the entire traditional Chinese medicine industry chain, contributing wisdom and strength to promote the high-quality development of the new herbal decoction piece industry.