Hongjitang
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Hongjitang - overview
Established
1907
Location
Jinan, Shandong, China
Primary Industry
Pharmaceuticals
About
Founded in 1907 and based in Jinan, China, Hongjitang is a developer and manufacturer of raw materials for pharmaceuticals and health products primarily engaged in the research, development, production, and sale of musk ketone, traditional Chinese medicines, montmorillonite raw materials, and health products such as donkey-hide gelatin. In August 2025, Keyuan Pharm agreed to acquire a 99. 42% majority stake in Hongjitang. Upon the transaction, Hongjitang will become a subsidiary of Keyuan Pharm.
The company provides traditional Chinese medicine, particularly focusing on herbal products and health supplements. Their core offerings include high-quality medicinal items such as Ejiao (donkey-hide gelatin), An Gong Niu Huang Wan, and various proprietary herbal extracts aimed at treating respiratory, cardiovascular and reproductive health issues. The company generates revenue from the sale of its pharmaceutical products and other related products. The acquisition in August 2025 will help Keyuan Pharm expand into traditional Chinese patent medicines, health products, and musk ketone, helping it builds a pharmaceutical and health platform with scale advantages and high industry recognition.
Primary Industry
Pharmaceuticals
Sub Industries
Healthcare Specialists, Pharmaceuticals, Pharmaceutical Research & Development
Website
www.hjt.cn
Verticals
Manufacturing
Company Stage
Add-on
Total Amount Raised
Subscriber access only
Hongjitang - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Announced | Hongjitang | - |
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