C ao Longxiang is the chairman of Hubei Jumpcan Pharmaceutical, a leading Chinese drug manufacturer known for its pediatric and traditional Chinese medicine (TCM) products. His path to wealth began in the industrial sector; he was a manager at a cement factory and served in the military before transitioning to pharmaceuticals. He took the helm of what was then a general machinery company and steered its transformation into a pharmaceutical powerhouse, officially taking control in 2013.
Under Cao's direction, Jumpcan has focused on developing flagship products like Pudilan Anti-inflammatory Oral Liquid, which have become staples in Chinese healthcare. He owns more than 60% of the company, ensuring strong family control over its strategic direction. His son, Cao Fei, serves as vice chairman, preparing for the next generation of leadership. The company's success on the Shanghai Stock Exchange reflects the robust demand for modern TCM treatments in China.
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Cao Longxiang is a self-made Chinese billionaire, the actual controller of Hubei Jumpcan Pharmaceutical Group Co., Ltd. (SHA: 600566). He served in the Chinese military before transitioning to business, working as a manager at a cement factory before entering the pharma business.
His core company, Hubei Jumpcan Pharmaceutical, is one of China's largest drug companies, specializing in both Western and traditional Chinese medicine. His philosophical approach combines military discipline with strategic asset control.
Cao Longxiang's career breakthrough was the acquisition of control over the listed entity, which was initially named Hubei Hongcheng General Machinery when it went public in 2001. Cao took control in 2013 and pivoted the company's focus to pharmaceuticals, achieving dominance in key drug markets.
His structural contribution is tied to the successful transition of a listed asset into a powerful pharmaceutical platform. The family maintains control of over 61% of the company's total equity (as of July 2025). His wealth is secured by the colossal, long-term, stable profitability of the high-growth pharmaceutical sector.
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Served in the Chinese military and worked as a cement factory manager.
Hubei Hongcheng General Machinery goes public (precursor to Hubei Jumpcan).
Cao Longxiang acquires controlling interest in the listed entity.
Finalizes an equity transfer to his son, Cao Fei, making the son the formal controlling shareholder.
Cao Longxiang’s wealth is concentrated in his family’s controlling stake in the core publicly traded pharmaceutical giant, Hubei Jumpcan Pharmaceutical.
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+0.02% | +$0.84M
-0.01% | -$0.11M
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