Luohe No.1 Pharmaceutical Factory was founded in 1989.

1969. Yusongyuan Pharmaceutical Co., Ltd., formerly known as Luohe No.1 Pharmaceutical Factory, was established in 1969. In 2003, it was renamed as Luohe Fang Hui Pharmaceutical Co., Ltd., and on August 9, 2006, it was renamed as Yusongyuan Pharmaceutical Co., Ltd. The company's address is located in the west section of Songjiang Road, Yancheng District, Luohe City, adjacent to 107 National Road in the east, covering an area of more than 200,000 square meters and an office area of 8,000 square meters. There are 693 employees, including 352 college graduates and professional technicians, including 28 engineers, 9 licensed pharmacists and 36 assistant engineers. At present, the company has 109 raw materials, injections, tablets, capsules and traditional Chinese medicine preparations approved by national medicine. Statins, the main products, are national new drugs for reducing blood lipid, which can be used to prevent and treat cardiovascular and cerebrovascular diseases.