本文通过对我国医疗器械行业上市公司公开披露的年报数据进行统计,实证分析这些公司的核心财务指标。发现不同细分领域医疗器械上市公司由于其主营业务及产品、核心技术优势及行业壁垒不同,其销售毛利率、净资产收益率等财务指标均存在差异。通过上市公司横向财务指标对标分析,也可以评价上市公司的经营绩效情况。最终得出结论,高毛利率产品均为高值骨科耗材、IVD细分领域产品,这类产品有核心专利及特殊行业壁垒,同时也能创造极高的净利润率。
<<Objective:the purpose of this paper is to provide relevant reference materials for industry research through the analysis of the performance of domestic A-share medical device listed companies in different fields. Methods:through the statistics of the annual report data disclosed by listed companies,the core financial indicators of these companies were analyzed. Results:due to the differences in the main business,products,technical advantages and industry barriers of listed medical device companies,there are differences in financial indicators such as gross profit margin and return on net assets. Through the analysis of the financial indicators of listed companies,we can also evaluate the operating performance of the above-mentioned companies. Conclusion:high gross profit rate products are mainly used in the fields of high value orthopedic consumables and IVD. These products have core patents and industry barriers,thus creating extremely high net profit margins.
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