Research Article
Research on the Operating Efficiency of Chinese Listed Pharmaceutical Companies Based on Two-Stage Network DEA and Malmquist
Table 4
Analysis of DEA efficiency in the second stage of Chinese pharmaceutical companies.
| Company name | Year | 2015-2016 | 2016-2017 | 2017-2018 | 2018-2019 |
| Adisseo | 1 | 0.649837545 | 0.625737431 | 0.541530825 | Anke Bio | 0.765162026 | 0.476189062 | 0.772255149 | 0.613658522 | Osaikon | 0.843778066 | 0.441445985 | 0.850780731 | 0.575021161 | Baiyunshan | 0.128029731 | 0.338472809 | 0.44681541 | 0.404956323 | Bdyy | 0.890834395 | 0.445222754 | 0.727676509 | 0.608956969 | Beilu | 0.808544991 | 0.447781474 | 0.735202266 | 0.658558851 | Porton | 0.790606856 | 0.452864356 | 0.741151893 | 0.630953461 | None | 0.899553352 | 0.412224769 | 0.692164738 | 0.575225616 | Changchun High-Tech | 0.697331634 | 0.534086802 | 0.974210731 | 0.83805388 | Changjiang Runfa Medicine | 0.758278202 | 0.457208597 | 0.757178228 | 0.355161748 | Changshan Pharma | 0.839430913 | 0.452268392 | 0.722949426 | 0.63821128 | DAJY | 0.498749812 | 0.453046771 | 0.736062102 | 0.592503277 | Dezhan | 1 | 0.540144516 | 0.907325608 | 0.65741689 | Jiao | 1 | 0.695657355 | 1 | 0.349390869 | DBBT | 0.79160979 | 0.443887279 | 0.725436161 | 0.605439407 | VC | 0.52176685 | 0.452560475 | 0.4923262 | 0.401474275 | Dongcheng | 0.875632334 | 0.456954862 | 0.768638857 | 0.621583435 | Nhwa Pharm | 0.902685534 | 0.481101741 | 0.812506347 | 0.47310525 | Ekzy | 0.663965694 | 0.492139653 | 0.741589175 | 0.417137904 | Fangsheng | 0.83728348 | 0.445912668 | 0.729448377 | 0.613888946 | Fengyuan | 0.381700772 | 0.448248178 | 0.729255255 | 0.408521314 | Fczy | 0.810829455 | 0.450323096 | 0.733612414 | 0.613158813 | Fayy | 0.853851088 | 0.462652138 | 0.626676033 | 0.430608438 | Fosun Pharm | 0.405879589 | 0.887608474 | 0.863039604 | 0.822061518 | Fuxiang | 0.686147937 | 0.40302621 | 0.65968793 | 0.652530008 | Guangji | 0.781783744 | 0.438862422 | 0.728105584 | 0.614602675 | Kwong Sang Hong | 0.833600898 | 0.445235421 | 0.721873605 | 0.602632782 | Guang Yuyuan | 0.873544633 | 0.467173716 | 0.78987118 | 0.443703159 | Lark | 0.856359723 | 0.507355275 | 0.834541643 | 0.432730249 | Glsj | 0.762864498 | 0.498932775 | 0.802401553 | 0.666986138 | Sinopharm Hyundai | 0.304326441 | 0.467872765 | 0.522609903 | 0.295245894 | Harbin Pharm | 0.471907832 | 0.498927974 | 0.51892983 | 0.413398936 | Haili Bio | 0.845981594 | 0.452963586 | 0.715761969 | 0.596021344 | Hnhy | 0.546132286 | 0.451209071 | 0.73929906 | 0.377683569 | Hepalink | 0.570692829 | 0.455773586 | 0.833748227 | 0.517400795 | Haishun New Pharma | 0.875191121 | 0.441283929 | 0.718583719 | 0.61164409 | Haisco | 0.265247759 | 0.462094574 | 0.770404638 | 0.453228976 | Hisoar | 0.806777693 | 0.483733043 | 0.841284576 | 0.486621529 | Haixin | 0.869599312 | 0.45122025 | 0.748838002 | 0.618733421 | Hisun | 0.295330677 | 0.469935051 | 0.434672128 | 0.436124359 | Han Sen Pharm | 0.842792274 | 0.449054927 | 0.739269782 | 0.624481603 | Hybio | 0.741190863 | 0.482159427 | 0.64940653 | 0.450484128 | Hengrui | 0.994006619 | 0.851204335 | 1 | 1 | Chase Sun | 0.510934768 | 0.252963632 | 0.388183145 | 0.487982456 | NCPC | 0.446958138 | 0.442893623 | 0.485019512 | 0.416336438 | Huahai | 0.483631419 | 0.517819876 | 0.744562547 | 0.468120819 | Hualan Bio | 0.488018688 | 0.463275133 | 0.825155867 | 0.606937968 | Huaren | 0.858322442 | 0.445957989 | 0.72614299 | 0.608155932 | HRSJ | 0.39055996 | 0.606296731 | 0.659827456 | 0.641018804 | China Resources Double-Crane | 0.532023886 | 0.544202986 | 0.588679129 | 0.519985 | Huashen Technology | 0.899423723 | 0.461862909 | 0.723906959 | 0.610948685 | Walter Dyne | 0.842502696 | 0.497242721 | 0.767143201 | 0.641896259 | Yanbian FC | 0.442623386 | 0.657329408 | 0.887815963 | 0.555869763 | Kyrgyzstan | 0.455180857 | 0.466836149 | 0.763056261 | 0.299038639 | Jichuan | 0.692456078 | 0.269019483 | 0.480891191 | 0.509052877 | Jimin | 0.843175982 | 0.447230193 | 0.72593401 | 0.612949828 | JYPC | 0.902264504 | 0.405752965 | 0.710764503 | 0.579782874 | Joincare Pharm | 0.320679344 | 0.446019187 | 0.442365325 | 0.607505328 | Jiangzhong | 0.968578156 | 0.488910163 | 0.806995681 | 0.681786657 | Jincheng | 0.680587626 | 0.446883725 | 0.726463433 | 0.422778688 | Jinhe Bio | 0.767555971 | 0.454800853 | 0.751896726 | 0.621861095 | Jinling | 0.882151804 | 0.462632532 | 0.777149818 | 0.420373223 | Jinshiya | 0.818824975 | 0.430337738 | 0.708029409 | 0.621839405 | Jingxin | 0.754271786 | 0.3997261 | 0.669011225 | 0.458543459 | Jinghua | 0.818896414 | 0.46479897 | 0.771305173 | 0.511596589 | Jingfeng | 0.659628837 | 0.462586912 | 0.756245434 | 0.295660795 | Jiuqiang | 0.888800059 | 0.475114126 | 0.779541159 | 0.656729486 | Jiuzhitang | 0.682939594 | 0.388385296 | 0.576221175 | 0.418866032 | Jiuzhou | 0.70068303 | 0.459376494 | 0.75017596 | 0.426386203 | CONBA | 0.450840367 | 0.532007534 | 0.572159801 | 0.36900969 | Kanghong | 0.630861917 | 0.383874254 | 0.632910424 | 0.462196751 | Kangyuan | 0.569889462 | 0.483812562 | 0.800075831 | 0.457930115 | Kangzhi | 0.860448512 | 0.447077729 | 0.722807424 | 0.595329819 | KHB | 0.75874045 | 0.446262253 | 0.731865553 | 0.430496937 | Kelun | 0.392192554 | 0.491878068 | 0.573939315 | 0.514916857 | Sunflower | 0.397069408 | 0.402221867 | 0.677747189 | 0.568562512 | Kunming Pharm | 0.484712539 | 0.482852557 | 0.787863272 | 0.452428396 | Lummy | 0.757591911 | 0.446024294 | 0.735699424 | 0.57313539 | LAYN | 0.82616477 | 0.46673708 | 0.735088104 | 0.618275961 | Lisheng Pharma | 0.892289898 | 0.44823865 | 0.743782606 | 0.632397402 | Livzon Pharm | 0.330476519 | 1 | 0.621269109 | 0.563738749 | LEADMAN | 0.744491132 | 0.439674197 | 0.708587278 | 0.605240773 | Lianhuan Pharm | 0.883381664 | 0.449882686 | 0.733590338 | 0.614613785 | Lingkang | 0.487342648 | 0.461147315 | 0.755609423 | 0.634678684 | Lingrui Pharm | 0.820570294 | 0.469108287 | 0.768403276 | 0.650201258 | Long Jin Pharm | 0.825269505 | 0.445474296 | 0.7213483 | 0.596440566 | Lukang Pharm | 0.709307544 | 0.271967764 | 0.448405964 | 0.41417971 | Mike Bio | 0.829672491 | 0.491963544 | 0.816516452 | 0.463478288 | M.k. | 0.702540171 | 0.461798568 | 0.750504723 | 0.334581671 | Palin Bio | 0.800366688 | 0.44299407 | 0.733746558 | 0.627260125 | PIEN TZE HUANG | 0.9045343 | 0.538290845 | 0.947536174 | 0.513658965 | Julie Plec | 0.549521085 | 0.305111815 | 0.499939327 | 0.524584684 | Plyy | 0.533402894 | 0.421972728 | 0.708018213 | 0.458768245 | CHEEZHENGTTM | 0.565148659 | 0.465429448 | 0.761471867 | 0.662280612 | Qidi | 0.86117892 | 0.441527153 | 0.709508207 | 0.607695056 | Qianhong Biopharma | 0.874606048 | 0.456315537 | 0.750563573 | 0.635328671 | Qianjin Pharm | 0.739246108 | 0.471814504 | 0.779924867 | 0.439377818 | Qianyuan | 0.831338985 | 0.404575277 | 0.655154668 | 0.336313058 | Renfu | 0.334414205 | 0.618045999 | 0.176055483 | 0.552146513 | Renhe Pharmacy | 0.888111873 | 0.496037076 | 0.837040815 | 0.469528713 | Rpsw | 0.594394568 | 0.433880869 | 0.709930487 | 0.626972475 | Saisheng | 0.929682934 | 0.476157778 | 0.77599003 | 0.625516632 | SAM | 0.905264682 | 0.451150287 | 0.680555861 | 0.60183122 | Shanhe Pharmacy | 0.847924844 | 0.432928146 | 0.710008765 | 0.610022991 | Shkb | 0.848089711 | 0.471499157 | 0.758909287 | 0.643053348 | Shanghai RAAS Blood Products | 1 | 0.54470828 | 0.409520354 | 0.468019077 | Shenqi | 0.714762096 | 0.381344561 | 0.617613041 | 0.61415927 | Biological Stock | 0.965359357 | 0.549223179 | 0.870620483 | 0.638968678 | Salvage Pharm | 0.689364433 | 0.415308201 | 0.706749477 | 0.198232344 | Sts | 0.935757517 | 0.472141333 | 0.74357052 | 0.605127606 | Scyy | 0.739153533 | 0.426485993 | 0.676414771 | 0.571466831 | Beijing SL Pharm | 0.733749939 | 0.506947781 | 0.832842848 | 0.681797114 | Stellite | 0.803378896 | 0.437370993 | 0.715251262 | 0.614807042 | Shsw | 0.890410616 | 0.434761769 | 0.700177597 | 0.603465476 | Tat | 0.842586294 | 0.360807923 | 0.584823244 | 0.390571577 | Taiji Group | 0.67919953 | 0.452980777 | 0.474001541 | 0.387892653 | Taloph Pharm | 0.842636824 | 0.438224781 | 0.689161525 | 0.607715363 | Teyi | 0.836358694 | 0.453682077 | 0.749014352 | 0.629612238 | Tasly | 0.717299163 | 0.615735065 | 0.675224149 | 0.512843572 | Tiantan Biological | 0.678613559 | 0.591061254 | 0.860246774 | 0.500479724 | Tianyao Pharm | 0.857677116 | 0.448393948 | 0.737240947 | 0.409261416 | Thdb | 0.900688131 | 0.545722415 | 0.888741777 | 0.491006733 | Thjm | 0.744976147 | 0.47311369 | 0.785334315 | 0.254122817 | TRT | 0.836177972 | 0.656151609 | 0.703560723 | 0.570595311 | Wanbangde | 0.792851861 | 0.453600664 | 0.482306406 | 0.423211786 | Wondfo | 0.718234154 | 0.423654128 | 0.712394655 | 0.672912535 | WEDGE INDUSTRIAL | 0.78623338 | 0.450705667 | 0.727173666 | 0.609309043 | Weiming | 0.801846721 | 0.489019559 | 0.697530662 | 0.612890373 | Wowu | 0.915178281 | 0.444228865 | 0.732530156 | 0.611424148 | Wohua | 0.849951067 | 0.451158165 | 0.726657243 | 0.616986053 | Wosen | 0.293538834 | 0.36896297 | 0.927581915 | 0.621532855 | AMD | 0.565789697 | 0.46605309 | 0.755941006 | 0.654308568 | Xianju Pharm | 0.722129826 | 0.46975224 | 0.788610822 | 0.449576159 | Xiangxue Pharm | 0.56594413 | 0.450246609 | 0.728601595 | 0.406168036 | Sunflower | 0.775727247 | 0.435119495 | 0.472627581 | 0.583260445 | NHU | 0.744446192 | 0.084792409 | 0.174517515 | 0.645247085 | Xinhua | 0.686150026 | 0.418580131 | 0.691475644 | 0.430862405 | Xinbang | 0.37146641 | 0.482379256 | 0.29706599 | 0.42940549 | SALUBRIS | 0.828950689 | 0.45514634 | 0.744067755 | 0.492886897 | BROTHER | 0.867361567 | 0.491290966 | 0.722969193 | 0.404592688 | Yabao | 0.62538223 | 0.465981424 | 0.776164146 | 0.400865973 | Yatai | 0.791869911 | 0.458579905 | 0.749488501 | 0.274754037 | Yananbikang | 0.609592291 | 0.525754839 | 0.495889903 | 0.382123694 | Yiling Pharm | 0.732199742 | 0.505748671 | 0.83520904 | 0.467694136 | Yifan | 0.895380366 | 0.428163195 | 0.614491215 | 0.498168738 | Yibai | 0.622820274 | 0.32775112 | 0.386250987 | 0.412500415 | Yisheng | 0.615818561 | 0.450233859 | 0.733856106 | 0.615039599 | Yiduoli | 0.768370215 | 0.454151698 | 0.749092834 | 0.418880633 | Chinataurine | 0.790572254 | 0.445496958 | 0.734787151 | 0.618625291 | Gloria Pharm | 0.425375138 | 0.473021826 | 0.735198757 | 0.099279291 | Baiyao | 0.676420897 | 0.831225519 | 0.898534261 | 0.870529199 | Zhejiang Medicine | 0.648977621 | 0.470928238 | 0.508877262 | 0.43259115 | Zhenbao Island | 0.366714214 | 0.44796952 | 0.719005835 | 0.445442437 | Zdzy | 0.666462777 | 0.477272075 | 0.688004343 | 0.415110578 | Zhifei | 0.794312561 | 0.48858374 | 1 | 0.851446092 | Zhongguancun | 0.638431487 | 0.361048475 | 0.600829723 | 0.58735967 | China Medicine | 0.600385661 | 0.632935767 | 0.705012728 | 0.541274783 | Zhongheng Group | 0.779488337 | 0.516431725 | 0.842980772 | 0.726827094 | Zhongmu | 0.891791426 | 0.461595881 | 0.758629587 | 0.388861314 | Zhongxin | 0.784299166 | 0.500035996 | 0.833734288 | 0.470157549 | Zsyy | 0.712236556 | 0.493776655 | 0.805881833 | 0.435730452 | JLZX | 0.56839467 | 0.487351822 | 0.7538412 | 0.407572713 | Zuoli | 0.506830635 | 0.327842837 | 0.530045226 | 0.603856046 |
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