Today, the chain pharmacy retailer Tin Tin Pharmacy will list at a price of NT$170. Chairman Chen-hsin Chang stated that Tin Tin Pharmacy currently operates 92 stores nationwide and aims to expand to 100 stores this year. It is actively transforming and expanding its layout to seize opportunities in the elderly market. Given the intense competition in the pharmacy sector, differentiation is crucial. Qisda, the parent company, will assist in pharmacy acquisitions.
Norbel baby Co. Ltd. (Tin Tin Pharmacy) has now become part of the Qisda Group. Harry Yang, Co-General Manager of Qisda's Medical Business Group, mentioned that over the past year, as Norbel baby prepared for listing, Qisda assisted in system construction and established hearing aid shop-in-shops within pharmacies. The company will continue to introduce new products and sees promising trends in the future development of pharmacies, actively seeking various cooperation opportunities.
Chen-hsin Chang mentioned that Tin Tin Pharmacy currently operates 92 stores nationwide, offering a diverse range of products and professional consulting services, including pediatric nutrition, infant formula, baby products, adult and elderly nutrition, as well as pharmaceutical and cosmetic skincare products. With a team of experts boasting rich knowledge and experience, the pharmacy provides high-quality health management services and advice to customers.
In recent years, Tin Tin Pharmacy has steadily expanded its stores, concurrently enhancing adult health and care products alongside increasing consumer health awareness and the prevalence of preventive medicine concepts. It actively explores the health and preventive medicine market, introducing high-quality healthcare products. Moreover, it collaborates with local governments to complete contracts for long-term care compensation stores, aiming to improve the quality of life for the elderly and enhance the value-added services of its stores.
Chen-hsin Chang shared that while Tin Tin Pharmacy previously focused on large stores, it has begun developing medium and small-sized stores in recent years. It does not rule out initiating a franchise mechanism in the future and aims to open stores primarily near medical centers to increase the penetration rate of health insurance prescriptions. The goal for this year is to expand to 100 stores while actively transforming and expanding its layout to seize opportunities in the elderly market.
Chen-hsin Chang emphasized that smart pharmacies can enhance service efficiency and quality by integrating advanced technologies such as digital service platforms, Internet of Things (IoT), big data, artificial intelligence, remote pharmaceutical services, and electronic health records (EHR). This integration provides customers with a more personalized and convenient medication purchasing experience.
