Gu's Hall global store count surpasses 107, scale expansion drives high growth for 2026

On March 3, Gu Sheng Tang announced that its subsidiary, Shandong Gu Sheng Tang Health Technology Co., Ltd., had reached a strategic cooperation agreement with relevant parties.It plans to acquire 70% equity stakes in Jinan New Sunshine TCM Hospital, Jinan Yunshengtang Hanyu TCM Outpatient Department, and Jinan Licheng Yunshengtang TCM Hospital respectively.。

After the completion of the transaction, the three target companies will become subsidiaries of Gu Sheng Tang, and their financial results will be consolidated into the group's comprehensive financial statements. This move marks the company's official strategic entry into the Jinan market, which is conducive to further enhancing the company's market share and strengthening regional synergies.

1. Domestic Expansion: Branch Network Increased to 91 Locations

Since the fourth quarter of 2025, Gu Sheng Tang has continued to deepen its domestic network through a 'mergers and acquisitions + cooperation' model. The company recently succeeded inadding five new branches: Beijing Shahe Branch, Shanghai Greentown Branch, Jinan New Sunshine TCM Hospital, Jinan Yunshengtang Hanyu TCM Outpatient Department, and Jinan Licheng Yunshengtang TCM Hospital.With this, the total number of Gu Sheng Tang branches nationwide will reach91 institutionsThe service network has expanded in both breadth and density, laying a solid foundation for performance growth.

Gu Sheng Tang Beijing Shahe BranchLocated in the core area of Shahe Town, Changping District, Beijing, covering an area of approximately 1,000 square meters, just 300 meters from Shahe Subway Station with multiple bus routes providing direct access. The convenient transportation allows the branch to efficiently serve the surrounding communities, businesses, and academic institutions. The branch employs several renowned national-level traditional Chinese medicine (TCM) practitioners, offering seven departments including general practice, TCM, integrative Chinese-Western medicine, and clinical laboratory. Additionally, there are nine treatment rooms specifically equipped to meet the needs of different groups such as working professionals and the elderly, providing high-quality, personalized TCM medical services.

Gu Sheng Tang Shanghai Green City BranchLocated on the second floor at No. 227 Dongjian Road, Pudong New Area, Shanghai, covering an area of approximately 1,000 square meters. The facility includes comprehensive departments such as internal medicine, surgery, acupuncture, massage therapy, rehabilitation, pediatrics, orthopedics, and gynecology, led by over 30 senior experts with rich clinical experience. This creates a complete diagnostic and treatment system covering general practice and specialized fields, particularly excelling in holistic TCM regulation and personalized treatments.

Jinan New Sunshine Traditional Chinese Medicine HospitalSituated at No. 24-1 Yangguang New Road, Huaiyin District, Jinan, covering an area of approximately 1,200 square meters. The hospital is equipped with 14 standardized consultation rooms and has formed a professional medical team consisting of nationally recognized veteran TCM practitioners, provincial and municipal renowned TCM doctors, and outstanding young and middle-aged physicians. It offers a wide range of departments including internal medicine, gynecology, pediatrics, dermatology, acupuncture, massage therapy, and Western medicine internal medicine. Additionally, it houses a national heritage studio for Chong Guiqin’s Du Jiu technique and related technical training rooms, providing specialized therapies like Du Jiu, Cross Jiu, Navel Jiu, and Fu Yang Permeation Jiu.

Jinan Licheng Yunsheng Tang Traditional Chinese Medicine HospitalLocated at No. 20 Minziqian Road, Licheng District, Jinan, covering an area of approximately 1,200 square meters, adjacent to Baihua Park, a central hub for senior citizens' activities in Jinan, offering significant locational advantages. The hospital has five consultation rooms and four treatment rooms, focusing on key departments such as TCM internal medicine, physical therapy, and pediatrics to precisely meet the health needs of nearby residents, providing comprehensive and meticulous TCM medical services.

Hanyu Chinese Medicine Clinic of Yunshengtang in JinanLocated in the core business district of Hanyu Jingu in the High-tech Zone of Lixia District, Jinan, covering an area of approximately 345 square meters with six consultation rooms. It offers key departments such as internal medicine, pediatrics, dermatology, acupuncture, and massage. The clinic focuses on specialized moxibustion treatments including督灸 (Governor Vessel Moxibustion), 十字灸 (Cross Moxibustion), and 脐灸 (Navel Moxibustion), precisely catering to the health adjustment needs of office workers in the business district and nearby residents.

Second, overseas expansion accelerates, with the number of Singapore outlets reaching 16

At the same time, the company's internationalization strategy has achieved a key breakthrough.In November 2025, the company completed two major overseas deployments: On November 16, Gushengtang Singapore, a subsidiary of Gushengtang, signed a share transfer contract with the shareholders of DA ZHONG TANG PTE. LTD. (Dazhongtang), planning to acquire 100% equity of Dazhongtang. Dazhongtang is the holding company of Singapore's mainstream traditional Chinese medicine chain brand - Singapore China Traditional Chinese Medicine, established in 1996, operating 14 traditional Chinese medicine clinics locally, with a mature localized service network and a highly trusted user base. On November 23,Gushengtang reached a strategic cooperation with Renhe Traditional Chinese Medicine in Singapore, jointly opening a traditional Chinese medicine clinic under an innovative 'single-store partnership' model, operated and controlled by Gushengtang Singapore.

Through a combination of 'acquisitions + partnerships,' the number of TCM medical institutions operated by Gu Sheng Tang in Singapore quicklyincreased to 16,creating significant economies of scale and localized influence.

Third, institutional outlook remains positive on the company's growth prospects.

Market analysis indicates that the company, leveraging a multi-model expansion strategy of 'self-building + acquisitions + partnerships,' continues to drive the deep integration of internationalization and localization of TCM services. According to PYI Research, Gu Sheng Tang benefits from extensive operational experience in TCM treatment as well as the scarcity of leading overseas TCM brands. As the company accelerates its overseas expansion,international revenue is expected to become an important growth driver for the company's medium- to long-term income development.。

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