China News Service, February 1st. According to the announcement on the website of the National Enterprise Credit Information Publicity System on the 1st, according to the work requirements of the Jiangsu Provincial Market Supervision Administration, the Zhenjiang Municipal Market Supervision Bureau on January 17, 2023 Yuwell Medical was suspected of driving up Price violations are filed for investigation.
According to the investigation, in November 2022, the average cost of producing and warehousing the finger clip pulse oximeter (hereinafter referred to as the oximeter) produced and sold by Yuwell Medical with the model YX306 was 43.8 yuan per unit (tax included, the same below), The average cost of production and storage in December was 64.4 yuan/unit.
In November 2022, the average price of the oximeter sold by the party to its subsidiary Jiangsu Yuyue Network Technology Co., Ltd. is 100 yuan per unit.
In December, the average price of the oximeter sold by the party to its subsidiary Jiangsu Yuyue Network Technology Co., Ltd. was 231.78 yuan per unit.
Screenshot of administrative penalty decision
The Zhenjiang Municipal Market Supervision Bureau believes that starting from December 2022, Yuwell Medical will take advantage of the tight supply and demand in the market. When the average cost of oximeter production and storage has increased by 47% month-on-month, the sales price of this product will be greatly increased. The price rose by 131.78% month-on-month, and the increase in sales prices was significantly higher than the increase in costs, which pushed up the market price of oximeters too fast and too high, disrupting the order of market prices.
The Zhenjiang Market Supervision Bureau held a case hearing meeting on January 30, 2023 to conduct a collective discussion on the case, and decided to order Yuyue Medical to correct its price violations and fined 2.7 million yuan.
(China New Finance and Economics)