On March 13, Guangzhou Pharmaceutical Holdings Limited (GPC) and Guangzhou Baiyunshan Pharmaceutical Holdings Company Limited jointly held a kick-off meeting for the first phase of their financial transformation project. The meeting aimed to fully implement the strategy for digital and intelligent transformation in finance, further unify thinking, build consensus, clarify responsibilities, and ensure the steady and orderly progress of the transformation. Tang Heping, Member of the Party Committee and Chief Accountant of GPC, attended the meeting.
To advance the upgrade of the financial management system, GPC has outlined a "two-year, five-step" blueprint for financial digital construction from mid-2025 to mid-2027. The goal is to establish a new financial management foundation for the group. After 2027, GPC will continue to upgrade supporting systems to comprehensively enhance the capability of financial management and the depth of business-finance integration.
The first phase of the financial transformation project focuses on two core tasks: unified accounting and intelligent reimbursement. This phase will lay a solid foundation for the group’s end-to-end digital transformation in finance. Tang Heping emphasized that this project is a key measure for GPC to implement the State-owned Assets Supervision and Administration Commission’s requirements for accelerating the development of a world-class financial management system. It is also a strategic, foundational, and group-wide project supporting the realization of GPC’s 15th Five-Year Plan objectives.
All participants were urged to align on the transformation vision and concentrate on four core tasks: establishing a group-wide unified financial standards system, building a domestically developed accounting and reimbursement platform, achieving closed-loop management of end-to-end business-finance processes, and breaking down data barriers between business and finance to unlock value. Tang called for accelerating the implementation to deliver tangible results.
Tang explicitly required that all departments and subsidiaries of the group, as well as the project working teams, should share the same objectives and work together to make the project a benchmark for financial digital transformation in the pharmaceutical industry. He also emphasized leveraging the project to build a new group-wide control system and create a new digital operational foundation, injecting strong financial momentum into the group’s high-quality development.
The Finance Department of GPC, the Finance Department of Baiyunshan, and the Digital Technology and Innovation Department delivered specialized reports on project coordination mechanisms, financial standardization consulting plans, and overall system construction plans. The Finance Department of Baiyunshan also provided a detailed work plan for the next phase, taking into account listed company compliance requirements and project milestones.
Representatives from the Finance Department of GPC, the Finance Department of Baiyunshan, the Digital Technology and Innovation Department, and relevant leaders from subsidiary companies involved in the financial transformation project attended the meeting.
The kick-off meeting officially marked the beginning of GPC’s financial digital transformation, signaling that the group’s financial reform has entered a new stage of full implementation and in-depth advancement. Standing at this new starting point, GPC will unite all parties involved, adopt a determined and pragmatic approach, and complete all project tasks with high standards and quality. Through systematic restructuring and comprehensive upgrading of financial management, the project will provide solid financial support for the implementation of the group’s 15th Five-Year Plan and the grand vision of "rebuilding GPC."