Research Article
Research on the Operating Efficiency of Chinese Listed Pharmaceutical Companies Based on Two-Stage Network DEA and Malmquist
Table 5
Analysis of the overall efficiency of Chinese pharmaceutical companies.
| Company name | Year | 2015-2016 | 2016-2017 | 2017-2018 | 2018-2019 |
| Adisseo | 1 | 0.594331961 | 0.687253527 | 0.590582307 | Anke Bio | 0.732050473 | 0.603904778 | 0.721684173 | 0.658510045 | Osaikon | 0.778427713 | 0.599091917 | 0.832059909 | 0.696276311 | Baiyunshan | 0.228285921 | 0.347396666 | 0.496661228 | 0.354314544 | Bdyy | 0.740297813 | 0.537030807 | 0.6599985 | 0.641144699 | Beilu | 0.754848982 | 0.608873049 | 0.726868379 | 0.745366839 | Porton | 0.704058135 | 0.537439838 | 0.673751419 | 0.645425288 | None | 0.804540469 | 0.581032222 | 0.686403127 | 0.634019398 | Changchun High-Tech | 0.670785268 | 0.613981329 | 0.826328221 | 0.91902694 | Changjiang Runfa Medicine | 0.709676062 | 0.545533564 | 0.667403235 | 0.486189125 | Changshan Pharma | 0.771002674 | 0.594856424 | 0.68892317 | 0.682407653 | DAJY | 0.553391996 | 0.532804722 | 0.650855774 | 0.625961732 | Dezhan | 0.889124007 | 0.713057908 | 0.85424928 | 0.696289729 | Jiao | 0.847938007 | 0.724106276 | 0.892313767 | 0.434427484 | DBBT | 0.745018596 | 0.588398867 | 0.704618016 | 0.676626886 | VC | 0.4392569 | 0.411082825 | 0.544473127 | 0.465493745 | Dongcheng | 0.780465431 | 0.58515561 | 0.710439698 | 0.633026364 | Nhwa Pharm | 0.734368139 | 0.53849531 | 0.686067979 | 0.687237305 | Ekzy | 0.679929415 | 0.567141171 | 0.651349898 | 0.617078583 | Fangsheng | 0.763857057 | 0.576574634 | 0.69884161 | 0.674382377 | Fengyuan | 0.444827414 | 0.480815113 | 0.614783892 | 0.606094921 | Fczy | 0.742074088 | 0.578441415 | 0.685449982 | 0.654076242 | Fayy | 0.747025125 | 0.542767359 | 0.550777941 | 0.641860364 | Fosun Pharm | 0.423354375 | 0.670393153 | 0.67734337 | 0.657568579 | Fuxiang | 0.690619828 | 0.558173035 | 0.657502803 | 0.69283151 | Guangji | 0.723829795 | 0.562163776 | 0.697307481 | 0.671209547 | Kwong Sang Hong | 0.782406423 | 0.601677149 | 0.712736266 | 0.684833649 | Guang Yuyuan | 0.78963604 | 0.597988236 | 0.731277172 | 0.563852758 | Lark | 0.724214801 | 0.557523041 | 0.691343122 | 0.603175409 | Glsj | 0.704470405 | 0.600924412 | 0.722522094 | 0.691917544 | Sinopharm Hyundai | 0.427413377 | 0.393573592 | 0.554655968 | 0.411827436 | Harbin Pharm | 0.352405918 | 0.369339239 | 0.485586707 | 0.432828982 | Haili Bio | 0.783470209 | 0.604343839 | 0.699572898 | 0.67374349 | Hnhy | 0.569927767 | 0.533436376 | 0.636600922 | 0.537164476 | Hepalink | 0.592158759 | 0.525343452 | 0.699393429 | 0.659703397 | Haishun New Pharma | 0.8030248 | 0.605941868 | 0.716134725 | 0.700106885 | Haisco | 0.480099239 | 0.575867685 | 0.699064728 | 0.661359713 | Hisoar | 0.671469103 | 0.541039094 | 0.710909693 | 0.676879776 | Haixin | 0.734260582 | 0.551448437 | 0.676486256 | 0.637198392 | Hisun | 0.287396529 | 0.380594016 | 0.415821467 | 0.441140083 | Han Sen Pharm | 0.732716709 | 0.559696588 | 0.688766917 | 0.684174582 | Hybio | 0.724090442 | 0.622127582 | 0.609611185 | 0.477857438 | Hengrui | 0.826957748 | 0.770628784 | 1 | 1 | Chase Sun | 0.550775748 | 0.399677749 | 0.436619602 | 0.528426739 | NCPC | 0.354218369 | 0.358094194 | 0.480775578 | 0.427708854 | Huahai | 0.497285595 | 0.525399389 | 0.58350641 | 0.588866754 | Hualan Bio | 0.606253871 | 0.611156906 | 0.786676493 | 0.803468984 | Huaren | 0.703067183 | 0.5262557 | 0.649580709 | 0.631043029 | HRSJ | 0.406183354 | 0.51553843 | 0.651086789 | 0.659592625 | China Resources Double-Crane | 0.464181045 | 0.478110469 | 0.667487244 | 0.618744398 | Huashen Technology | 0.79585331 | 0.605253566 | 0.698514176 | 0.686848921 | Walter Dyne | 0.745780253 | 0.592281438 | 0.685737585 | 0.679786234 | Yanbian FC | 0.58552906 | 0.726843818 | 0.75539478 | 0.760336119 | Kyrgyzstan | 0.57291471 | 0.595278792 | 0.719807265 | 0.307289038 | Jichuan | 0.673524741 | 0.478385974 | 0.569904186 | 0.621509323 | Jimin | 0.755191647 | 0.581216669 | 0.682498022 | 0.658109286 | JYPC | 0.789213967 | 0.533152421 | 0.692664421 | 0.655377456 | Joincare Pharm | 0.373389357 | 0.612787948 | 0.431248192 | 0.711024008 | Jiangzhong | 0.773280624 | 0.57457233 | 0.714383571 | 0.696034497 | Jincheng | 0.6424688 | 0.541255874 | 0.633395756 | 0.600807083 | Jinhe Bio | 0.694022214 | 0.53855834 | 0.672530294 | 0.639655629 | Jinling | 0.669922726 | 0.463558983 | 0.63122491 | 0.598918507 | Jinshiya | 0.779202218 | 0.61261129 | 0.67505169 | 0.654243898 | Jingxin | 0.684642416 | 0.522548631 | 0.634930264 | 0.670080794 | Jinghua | 0.73659423 | 0.580261028 | 0.708115153 | 0.532218118 | Jingfeng | 0.657549858 | 0.543871346 | 0.658966242 | 0.439651462 | Jiuqiang | 0.832168543 | 0.640440908 | 0.760447378 | 0.740948042 | Jiuzhitang | 0.660685922 | 0.510365495 | 0.551518743 | 0.601037942 | Jiuzhou | 0.615906479 | 0.511229588 | 0.651701562 | 0.646607443 | CONBA | 0.43789997 | 0.490049729 | 0.667671711 | 0.454110037 | Kanghong | 0.640270409 | 0.530393868 | 0.625355868 | 0.589391549 | Kangyuan | 0.558531561 | 0.511112483 | 0.661025134 | 0.653468887 | Kangzhi | 0.770954193 | 0.582966967 | 0.690695416 | 0.63784734 | KHB | 0.719324825 | 0.576138757 | 0.689042667 | 0.655129362 | Kelun | 0.350816311 | 0.399255114 | 0.527654704 | 0.466336149 | Sunflower | 0.450269017 | 0.47246729 | 0.609455977 | 0.602948399 | Kunming Pharm | 0.486232652 | 0.488722513 | 0.622323739 | 0.575298309 | Lummy | 0.676182846 | 0.548086309 | 0.67791945 | 0.60414936 | LAYN | 0.766415526 | 0.615493713 | 0.696786083 | 0.687666604 | Lisheng Pharma | 0.772324056 | 0.553232118 | 0.688792627 | 0.658713187 | Livzon Pharm | 0.406802204 | 0.950736975 | 0.693561727 | 0.641403963 | LEADMAN | 0.7148845 | 0.589683903 | 0.697033474 | 0.677283392 | Lianhuan Pharm | 0.777990479 | 0.580819977 | 0.70187494 | 0.677825662 | Lingkang | 0.593122777 | 0.602274773 | 0.726097851 | 0.699381382 | Lingrui Pharm | 0.747485965 | 0.570748655 | 0.691654705 | 0.678247727 | Long Jin Pharm | 0.778557308 | 0.60796337 | 0.720057661 | 0.694828539 | Lukang Pharm | 0.568388015 | 0.368837292 | 0.454369366 | 0.548391093 | Mike Bio | 0.768849987 | 0.607581032 | 0.730833097 | 0.678396297 | M.k. | 0.705468047 | 0.594140747 | 0.659621157 | 0.473923489 | Palin Bio | 0.735879001 | 0.580588028 | 0.7000859 | 0.692170464 | PIEN TZE HUANG | 0.794732455 | 0.644348252 | 0.804287685 | 0.736290866 | Julie Plec | 0.628612707 | 0.51441293 | 0.586701026 | 0.629100125 | Plyy | 0.470181321 | 0.418413253 | 0.567877026 | 0.583837057 | CHEEZHENGTTM | 0.625915805 | 0.595282402 | 0.719854866 | 0.715491847 | Qidi | 0.763992733 | 0.561948196 | 0.677246094 | 0.688875522 | Qianhong Biopharma | 0.796996434 | 0.587850281 | 0.703561836 | 0.674562645 | Qianjin Pharm | 0.634951449 | 0.510221787 | 0.651319311 | 0.643983464 | Qianyuan | 0.734922726 | 0.538059322 | 0.641532464 | 0.529123309 | Renfu | 0.334316504 | 0.515659371 | 0.162643485 | 0.472524591 | Renhe Pharmacy | 0.710690176 | 0.501475944 | 0.678520156 | 0.647375907 | Rpsw | 0.616216798 | 0.544427634 | 0.663887992 | 0.660390626 | Saisheng | 0.842078163 | 0.636453134 | 0.751848255 | 0.697189691 | SAM | 0.793087056 | 0.570374323 | 0.637288238 | 0.66250408 | Shanhe Pharmacy | 0.780593912 | 0.590341994 | 0.705650192 | 0.693438972 | Shkb | 0.769351682 | 0.596263047 | 0.707135607 | 0.684164457 | Shanghai RAAS Blood Products | 0.907968608 | 0.628170623 | 0.352321342 | 0.675478039 | Shenqi | 0.680638994 | 0.523233731 | 0.611259379 | 0.641985589 | Biological Stock | 0.870829861 | 0.70347757 | 0.801965497 | 0.656218882 | Salvage Pharm | 0.547394207 | 0.443227806 | 0.638664943 | 0.301830016 | Sts | 0.840550192 | 0.630975455 | 0.719756982 | 0.666578994 | Scyy | 0.680239263 | 0.581555378 | 0.673278766 | 0.671620779 | Beijing SL Pharm | 0.744354754 | 0.664713516 | 0.785954743 | 0.730167136 | Stellite | 0.725188753 | 0.558580997 | 0.681979752 | 0.655174892 | Shsw | 0.798450652 | 0.591904871 | 0.700994849 | 0.696898497 | Tat | 0.712944165 | 0.470305378 | 0.557717995 | 0.553727441 | Taiji Group | 0.523948741 | 0.370677112 | 0.489754105 | 0.411216635 | Taloph Pharm | 0.723845517 | 0.541466331 | 0.629307653 | 0.632734845 | Teyi | 0.760999041 | 0.581909561 | 0.708162034 | 0.680597811 | Tasly | 0.531017743 | 0.490066656 | 0.611366055 | 0.461437582 | Tiantan Biological | 0.622734244 | 0.66310047 | 0.782922006 | 0.712465273 | Tianyao Pharm | 0.712730596 | 0.544247373 | 0.652803637 | 0.608985283 | Thdb | 0.795554142 | 0.653229828 | 0.790400206 | 0.731561874 | Thjm | 0.722867728 | 0.577589877 | 0.703162547 | 0.260771659 | TRT | 0.643059805 | 0.554356733 | 0.641063018 | 0.544020294 | Wanbangde | 0.571625007 | 0.432249488 | 0.473426951 | 0.453497617 | Wondfo | 0.712134043 | 0.586408694 | 0.689386071 | 0.705688037 | WEDGE INDUSTRIAL | 0.75213728 | 0.609551683 | 0.708716889 | 0.688673642 | Weiming | 0.775011865 | 0.62907394 | 0.658692074 | 0.661517811 | Wowu | 0.827238366 | 0.614236394 | 0.735571328 | 0.715768679 | Wohua | 0.762137003 | 0.580657605 | 0.692834657 | 0.694553785 | Wosen | 0.456421123 | 0.470227422 | 0.862487868 | 0.660496829 | AMD | 0.627878133 | 0.627997177 | 0.734618138 | 0.732444295 | Xianju Pharm | 0.618297341 | 0.518121431 | 0.664360204 | 0.633863302 | Xiangxue Pharm | 0.551863899 | 0.495157616 | 0.604938414 | 0.560265277 | Sunflower | 0.657878385 | 0.517059063 | 0.430579818 | 0.644671298 | NHU | 0.631069124 | 0.344337963 | 0.417527717 | 0.696876755 | Xinhua | 0.544129945 | 0.424368226 | 0.564325286 | 0.5586054 | Xinbang | 0.400791325 | 0.455593724 | 0.329151623 | 0.485028396 | SALUBRIS | 0.786916152 | 0.617220238 | 0.720859622 | 0.566009985 | BROTHER | 0.76537271 | 0.605409971 | 0.653283686 | 0.614230582 | Yabao | 0.539400468 | 0.486947908 | 0.645626561 | 0.578342875 | Yatai | 0.739747264 | 0.591038926 | 0.704074772 | 0.291857375 | Yananbikang | 0.612340283 | 0.562211409 | 0.565493676 | 0.436795179 | Yiling Pharm | 0.633799819 | 0.526020841 | 0.678106867 | 0.616128252 | Yifan | 0.758376423 | 0.567154214 | 0.578959385 | 0.633371792 | Yibai | 0.612320129 | 0.455498536 | 0.365362945 | 0.569666434 | Yisheng | 0.628263309 | 0.564718437 | 0.678697744 | 0.659088427 | Yiduoli | 0.693578342 | 0.527624776 | 0.658030562 | 0.612212776 | Chinataurine | 0.722247367 | 0.580681117 | 0.704650362 | 0.672924197 | Gloria Pharm | 0.5225888 | 0.528091646 | 0.634974266 | 0.140262719 | Baiyao | 0.542062095 | 0.623275676 | 0.74860877 | 0.731659557 | Zhejiang Medicine | 0.522959555 | 0.432463484 | 0.56815758 | 0.508852734 | Zhenbao Island | 0.491175612 | 0.539218332 | 0.642235011 | 0.646298006 | Zdzy | 0.602884228 | 0.509387255 | 0.567643001 | 0.581329044 | Zhifei | 0.726661912 | 0.633983832 | 0.922890095 | 0.925723046 | Zhongguancun | 0.623208215 | 0.479354766 | 0.58000983 | 0.617714904 | China Medicine | 0.44933969 | 0.458628776 | 0.547204643 | 0.43667571 | Zhongheng Group | 0.718912618 | 0.623627731 | 0.751932612 | 0.737063988 | Zhongmu | 0.679383423 | 0.483648804 | 0.619691314 | 0.535837661 | Zhongxin | 0.605084581 | 0.489320281 | 0.654535316 | 0.592485773 | Zsyy | 0.692260649 | 0.607808063 | 0.723569987 | 0.656790838 | JLZX | 0.613219972 | 0.606033666 | 0.675253694 | 0.61472573 | Zuoli | 0.576940662 | 0.497474779 | 0.573208842 | 0.653638646 |
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