Tasly Darentang stated on an investor interactive platform on January 9th that the significant year-on-year decrease in cash paid for goods and services in the first half and third quarter of 2025 is primarily due to the company contributing its entire equity stake in its wholly-owned subsidiary, Tianjin Zhongxin Pharmaceutical Co., Ltd., as capital at the end of 2024 to increase its investment in Jinyao Taiping Pharmaceutical Co., Ltd.
Following the completion of this capital increase, Zhongxin Pharmaceutical became an associate company of Tasly Darentang and is consequently no longer included within the scope of the company's consolidated financial statements.
Comments