Research Article
Research on the Operating Efficiency of Chinese Listed Pharmaceutical Companies Based on Two-Stage Network DEA and Malmquist
Table 3
Analysis of DEA efficiency in the first stage of Chinese pharmaceutical companies.
| Company name | Year | 2015-2016 | 2016-2017 | 2017-2018 | 2018-2019 |
| Adisseo | 1 | 0.538826377 | 0.748769622 | 0.639633789 | Anke Bio | 0.69893892 | 0.731620495 | 0.671113197 | 0.703361568 | Osaikon | 0.713077361 | 0.75673785 | 0.813339088 | 0.817531461 | Baiyunshan | 0.328542111 | 0.356320523 | 0.546507045 | 0.303672764 | Bdyy | 0.589761232 | 0.62883886 | 0.592320492 | 0.673332429 | Beilu | 0.701152973 | 0.769964623 | 0.718534493 | 0.832174827 | Porton | 0.617509415 | 0.622015319 | 0.606350945 | 0.659897114 | None | 0.709527587 | 0.749839674 | 0.680641517 | 0.692813179 | Changchun High-Tech | 0.644238901 | 0.693875856 | 0.678445711 | 1 | Changjiang Runfa Medicine | 0.661073921 | 0.633858532 | 0.577628241 | 0.617216502 | Changshan Pharma | 0.702574435 | 0.737444456 | 0.654896914 | 0.726604025 | DAJY | 0.608034181 | 0.612562673 | 0.565649446 | 0.659420187 | Dezhan | 0.778248014 | 0.8859713 | 0.801172953 | 0.735162569 | Jiao | 0.695876014 | 0.752555196 | 0.784627533 | 0.519464099 | DBBT | 0.698427402 | 0.732910456 | 0.683799871 | 0.747814366 | VC | 0.356746951 | 0.369605175 | 0.596620054 | 0.529513216 | Dongcheng | 0.685298529 | 0.713356357 | 0.65224054 | 0.644469293 | Nhwa Pharm | 0.566050744 | 0.595888879 | 0.559629612 | 0.90136936 | Ekzy | 0.695893135 | 0.642142688 | 0.56111062 | 0.817019263 | Fangsheng | 0.690430635 | 0.7072366 | 0.668234842 | 0.734875807 | Fengyuan | 0.507954055 | 0.513382048 | 0.500312529 | 0.803668528 | Fczy | 0.673318722 | 0.706559734 | 0.637287549 | 0.694993671 | Fayy | 0.640199162 | 0.622882581 | 0.47487985 | 0.853112289 | Fosun Pharm | 0.440829161 | 0.453177832 | 0.491647136 | 0.49307564 | Fuxiang | 0.69509172 | 0.713319861 | 0.655317677 | 0.733133012 | Guangji | 0.665875845 | 0.685465131 | 0.666509377 | 0.727816419 | Kwong Sang Hong | 0.731211949 | 0.758118876 | 0.703598927 | 0.767034517 | Guang Yuyuan | 0.705727447 | 0.728802756 | 0.672683165 | 0.684002357 | Lark | 0.592069879 | 0.607690808 | 0.548144601 | 0.77362057 | Glsj | 0.646076312 | 0.70291605 | 0.642642634 | 0.716848951 | Sinopharm Hyundai | 0.550500314 | 0.31927442 | 0.586702033 | 0.528408978 | Harbin Pharm | 0.232904004 | 0.239750504 | 0.452243584 | 0.452259029 | Haili Bio | 0.720958825 | 0.755724092 | 0.683383826 | 0.751465636 | Hnhy | 0.593723249 | 0.615663681 | 0.533902785 | 0.696645384 | Hepalink | 0.613624689 | 0.594913319 | 0.565038631 | 0.802005999 | Haishun New Pharma | 0.730858479 | 0.770599806 | 0.71368573 | 0.788569679 | Haisco | 0.694950719 | 0.689640795 | 0.627724818 | 0.86949045 | Hisoar | 0.536160514 | 0.598345145 | 0.58053481 | 0.867138023 | Haixin | 0.598921852 | 0.651676624 | 0.60413451 | 0.655663364 | Hisun | 0.279462381 | 0.291252982 | 0.396970805 | 0.446155807 | Han Sen Pharm | 0.622641145 | 0.670338249 | 0.638264052 | 0.743867561 | Hybio | 0.706990021 | 0.762095736 | 0.569815841 | 0.505230747 | Hengrui | 0.659908876 | 0.690053233 | 1 | 1 | Chase Sun | 0.590616729 | 0.546391865 | 0.485056058 | 0.568871023 | NCPC | 0.261478601 | 0.273294764 | 0.476531644 | 0.439081271 | Huahai | 0.510939772 | 0.532978902 | 0.422450272 | 0.70961269 | Hualan Bio | 0.724489053 | 0.75903868 | 0.74819712 | 1 | Huaren | 0.547811923 | 0.60655341 | 0.573018429 | 0.653930126 | HRSJ | 0.421806748 | 0.424780128 | 0.642346121 | 0.678166446 | China Resources Double-Crane | 0.396338204 | 0.412017952 | 0.746295359 | 0.717503796 | Huashen Technology | 0.692282897 | 0.748644224 | 0.673121394 | 0.762749156 | Walter Dyne | 0.64905781 | 0.687320156 | 0.604331968 | 0.717676209 | Yanbian FC | 0.728434735 | 0.796358227 | 0.622973596 | 0.964802474 | Kyrgyzstan | 0.690648563 | 0.723721435 | 0.676558269 | 0.315539437 | Jichuan | 0.654593403 | 0.687752464 | 0.658917181 | 0.733965769 | Jimin | 0.667207312 | 0.715203145 | 0.639062034 | 0.703268743 | JYPC | 0.676163429 | 0.660551878 | 0.674564338 | 0.730972038 | Joincare Pharm | 0.42609937 | 0.779556709 | 0.42013106 | 0.814542688 | Jiangzhong | 0.577983092 | 0.660234497 | 0.621771461 | 0.710282338 | Jincheng | 0.604349975 | 0.635628024 | 0.540328079 | 0.778835478 | Jinhe Bio | 0.620488457 | 0.622315827 | 0.593163862 | 0.657450163 | Jinling | 0.457693647 | 0.464485434 | 0.485300003 | 0.77746379 | Jinshiya | 0.739579461 | 0.794884842 | 0.642073972 | 0.686648392 | Jingxin | 0.615013047 | 0.645371162 | 0.600849303 | 0.881618128 | Jinghua | 0.654292046 | 0.695723085 | 0.644925134 | 0.552839647 | Jingfeng | 0.655470879 | 0.625155781 | 0.56168705 | 0.583642128 | Jiuqiang | 0.775537026 | 0.80576769 | 0.741353597 | 0.825166597 | Jiuzhitang | 0.638432251 | 0.632345693 | 0.526816311 | 0.783209851 | Jiuzhou | 0.531129929 | 0.563082683 | 0.553227164 | 0.866828683 | CONBA | 0.424959572 | 0.448091924 | 0.76318362 | 0.539210385 | Kanghong | 0.649678902 | 0.676913482 | 0.617801313 | 0.716586348 | Kangyuan | 0.547173659 | 0.538412405 | 0.521974436 | 0.84900766 | Kangzhi | 0.681459875 | 0.718856205 | 0.658583409 | 0.68036486 | KHB | 0.679909201 | 0.70601526 | 0.646219781 | 0.879761787 | Kelun | 0.309440068 | 0.306632161 | 0.481370093 | 0.417755441 | Sunflower | 0.503468625 | 0.542712714 | 0.541164765 | 0.637334286 | Kunming Pharm | 0.487752766 | 0.494592469 | 0.456784207 | 0.698168222 | Lummy | 0.59477378 | 0.650148325 | 0.620139476 | 0.63516333 | LAYN | 0.706666281 | 0.764250345 | 0.658484063 | 0.757057246 | Lisheng Pharma | 0.652358213 | 0.658225585 | 0.633802648 | 0.685028972 | Livzon Pharm | 0.483127888 | 0.90147395 | 0.765854345 | 0.719069177 | LEADMAN | 0.685277868 | 0.739693609 | 0.685479669 | 0.749326011 | Lianhuan Pharm | 0.672599294 | 0.711757269 | 0.670159541 | 0.741037539 | Lingkang | 0.698902905 | 0.743402231 | 0.696586279 | 0.764084079 | Lingrui Pharm | 0.674401636 | 0.672389024 | 0.614906134 | 0.706294196 | Long Jin Pharm | 0.731845112 | 0.770452444 | 0.718767022 | 0.793216512 | Lukang Pharm | 0.427468486 | 0.46570682 | 0.460332769 | 0.682602477 | Mike Bio | 0.708027483 | 0.72319852 | 0.645149742 | 0.893314305 | M.k. | 0.708395924 | 0.726482926 | 0.56873759 | 0.613265307 | Palin Bio | 0.671391314 | 0.718181986 | 0.666425242 | 0.757080803 | PIEN TZE HUANG | 0.684930611 | 0.750405659 | 0.661039196 | 0.958922766 | Julie Plec | 0.707704329 | 0.723714045 | 0.673462726 | 0.733615566 | Plyy | 0.406959748 | 0.414853778 | 0.427735839 | 0.708905869 | CHEEZHENGTTM | 0.686682951 | 0.725135357 | 0.678237865 | 0.768703082 | Qidi | 0.666806547 | 0.68236924 | 0.64498398 | 0.770055989 | Qianhong Biopharma | 0.71938682 | 0.719385025 | 0.656560098 | 0.713796618 | Qianjin Pharm | 0.530656791 | 0.548629069 | 0.522713754 | 0.848589111 | Qianyuan | 0.638506467 | 0.671543368 | 0.62791026 | 0.721933561 | Renfu | 0.334218803 | 0.413272744 | 0.149231487 | 0.392902669 | Renhe Pharmacy | 0.533268479 | 0.506914813 | 0.519999497 | 0.8252231 | Rpsw | 0.638039028 | 0.654974398 | 0.617845497 | 0.693808777 | Saisheng | 0.754473392 | 0.796748489 | 0.72770648 | 0.76886275 | SAM | 0.680909431 | 0.689598358 | 0.594020614 | 0.72317694 | Shanhe Pharmacy | 0.713262981 | 0.747755843 | 0.701291618 | 0.776854953 | Shkb | 0.690613654 | 0.721026937 | 0.655361928 | 0.725275566 | Shanghai RAAS Blood Products | 0.815937216 | 0.711632966 | 0.29512233 | 0.882937 | Shenqi | 0.646515892 | 0.665122901 | 0.604905717 | 0.669811909 | Biological Stock | 0.776300364 | 0.857731961 | 0.733310511 | 0.673469086 | Salvage Pharm | 0.405423981 | 0.471147411 | 0.570580408 | 0.405427689 | Sts | 0.745342868 | 0.789809576 | 0.695943443 | 0.728030381 | Scyy | 0.621324992 | 0.736624764 | 0.67014276 | 0.771774728 | Beijing SL Pharm | 0.754959569 | 0.822479251 | 0.739066637 | 0.778537157 | Stellite | 0.64699861 | 0.679791002 | 0.648708242 | 0.695542742 | Shsw | 0.706490688 | 0.749047972 | 0.701812101 | 0.790331518 | Tat | 0.583302035 | 0.579802833 | 0.530612746 | 0.716883304 | Taiji Group | 0.368697953 | 0.288373447 | 0.505506669 | 0.434540617 | Taloph Pharm | 0.60505421 | 0.644707882 | 0.569453781 | 0.657754327 | Teyi | 0.685639388 | 0.710137044 | 0.667309716 | 0.731583384 | Tasly | 0.344736323 | 0.364398246 | 0.547507961 | 0.410031592 | Tiantan Biological | 0.56685493 | 0.735139685 | 0.705597237 | 0.924450822 | Tianyao Pharm | 0.567784075 | 0.640100799 | 0.568366328 | 0.808709151 | Thdb | 0.690420152 | 0.76073724 | 0.692058634 | 0.972117015 | Thjm | 0.700759308 | 0.682066065 | 0.62099078 | 0.2674205 | TRT | 0.449941637 | 0.452561856 | 0.578565313 | 0.517445278 | Wanbangde | 0.350398153 | 0.410898312 | 0.464547495 | 0.483783447 | Wondfo | 0.706033933 | 0.749163259 | 0.666377487 | 0.738463539 | WEDGE INDUSTRIAL | 0.718041181 | 0.768397698 | 0.690260111 | 0.76803824 | Weiming | 0.748177009 | 0.769128321 | 0.619853486 | 0.710145248 | Wowu | 0.739298451 | 0.784243922 | 0.7386125 | 0.820113211 | Wohua | 0.674322938 | 0.710157045 | 0.659012071 | 0.772121516 | Wosen | 0.619303412 | 0.571491875 | 0.797393821 | 0.699460802 | AMD | 0.689966569 | 0.789941263 | 0.71329527 | 0.810580022 | Xianju Pharm | 0.514464857 | 0.566490622 | 0.540109586 | 0.818150446 | Xiangxue Pharm | 0.537783667 | 0.540068623 | 0.481275233 | 0.714362519 | Sunflower | 0.540029523 | 0.598998632 | 0.388532054 | 0.706082152 | NHU | 0.517692055 | 0.603883517 | 0.66053792 | 0.748506424 | Xinhua | 0.402109863 | 0.430156322 | 0.437174929 | 0.686348395 | Xinbang | 0.43011624 | 0.428808192 | 0.361237255 | 0.540651302 | SALUBRIS | 0.744881615 | 0.779294136 | 0.697651488 | 0.639133074 | BROTHER | 0.663383853 | 0.719528977 | 0.583598178 | 0.823868476 | Yabao | 0.453418706 | 0.507914392 | 0.515088977 | 0.755819777 | Yatai | 0.687624616 | 0.723497946 | 0.658661044 | 0.308960713 | Yananbikang | 0.615088274 | 0.598667978 | 0.63509745 | 0.491466664 | Yiling Pharm | 0.535399897 | 0.54629301 | 0.521004694 | 0.764562368 | Yifan | 0.62137248 | 0.706145232 | 0.543427556 | 0.768574846 | Yibai | 0.601819983 | 0.583245952 | 0.344474902 | 0.726832453 | Yisheng | 0.640708057 | 0.679203014 | 0.623539381 | 0.703137255 | Yiduoli | 0.61878647 | 0.601097854 | 0.566968291 | 0.80554492 | Chinataurine | 0.65392248 | 0.715865276 | 0.674513572 | 0.727223103 | Gloria Pharm | 0.619802462 | 0.583161465 | 0.534749776 | 0.181246147 | Baiyao | 0.407703292 | 0.415325832 | 0.598683278 | 0.592789916 | Zhejiang Medicine | 0.39694149 | 0.393998731 | 0.627437898 | 0.585114319 | Zhenbao Island | 0.615637011 | 0.630467145 | 0.565464187 | 0.847153576 | Zdzy | 0.53930568 | 0.541502435 | 0.447281659 | 0.74754751 | Zhifei | 0.659011263 | 0.779383924 | 0.84578019 | 1 | Zhongguancun | 0.607984942 | 0.597661057 | 0.559189938 | 0.648070137 | China Medicine | 0.298293719 | 0.284321785 | 0.389396559 | 0.332076638 | Zhongheng Group | 0.6583369 | 0.730823738 | 0.660884453 | 0.747300882 | Zhongmu | 0.46697542 | 0.505701728 | 0.480753041 | 0.682814008 | Zhongxin | 0.425869997 | 0.478604566 | 0.475336345 | 0.714813998 | Zsyy | 0.672284742 | 0.721839471 | 0.64125814 | 0.877851223 | JLZX | 0.658045275 | 0.724715509 | 0.596666189 | 0.821878746 | Zuoli | 0.647050689 | 0.667106722 | 0.616372459 | 0.703421246 |
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