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Hualu Holdings is a large Chinese state-owned conglomerate with business interests spanning chemicals, energy, and pharmaceuticals. Its pharmaceutical arm, Xinhua Pharmaceutical, is a major producer of generic drugs such as ibuprofen tablets. In December 2024, nearly 360,000 boxes of ibuprofen produced by Xinhua Pharmaceutical were exported to New Zealand as OTC products—marking a significant milestone in entering the retail market in Oceania[1]. The group's main focus remains on industrial chemicals and manufacturing.
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