2018NIAN，YAOPINGOUXIAO“LIANGPIAOZHI”QUANMIANLUODI，FANGZHIYAOYIZHIXINGPINGJIACHIXUTUIJIN。NIANCHU，GUOWUYUANJIGOUGAIGEGUOJIAYIBAOJUCHENGLI，QUANQUANFUZEYAOPINDESHICHANGLIUTONGJIZUIZHONGXIAOSHOUJIAGE，ZHANGWOZHEYAOXIECHANPINDEDINGJIAQUAN、ZHAOBIAOCAIGOUQUANHEZHIFUQUAN。ZAIYIBAOJIJINSHOUZHIPINGHENGYALIJIADADEQINGKUANGXIA，KONGFEICHENGWEIDANGQIANYIYAOXINGYEMIANLINDEBIANJUZHIYI。YI《WOBUSHIYAOSHEN》WEIQIJI，KANGAIYAOLINGGUANSHUI、“4+7”DAILIANGCAIGOUJINCHANG，“ERCIYIJIA”CHENGWEILISHI，GUONEIYAOPINJIAGEXINGCHENGJIZHIJINRUXINYILUNDIAOZHENGQI。

MAIRU2019NIAN，ZAIWOGUOHONGGUANJINGJICHIXUXIAXING、“RENKOUGUAIDIAN”TUXIANDEDAHUANJINGXIA，YIYAOSHANGYEYEMIANLINZHEXINTIAOZHAN，CHENGXIANQIDAFAZHANQUSHI。

1 整体增速持续走低

2010NIANYILAI，SHOUYIYUHONGGUANJINGJIGAOSUZENGZHANGHERENMINSHENGHUOSHUIPINGRIYITISHENGDAILAIDEJIANKANGXUQIUZENGJIA，“SHIYIWU”“SHIERWU”QIJIANWO和记app下载网址PINLIUTONGSHICHANGGUIMOFUHEZENGZHANGLVGAODA20.5%HE15.2%。DANSHISUIZHEXINGYEGUIMOKUODADENGDUOZHONGYINSUDEYINGXIANG，SHICHANGZENGSUZHUNIANZOUDI。JUSHANGWUBUTONGJI，2017NIANWOGUOYIYAOLIUTONGSHICHANGTONGBIZENGSU8.4%，JINRUGEWEISHUSHIDAI。YUJI2019NIAN，KOUCHUBUKEBIYINSU，YIYAOSHANGYEZHENGTIZENGSUJIANGCHIXUZOUDI。

JUGUOJIATONGJIJUSHUJU，2018NIANGDPZENGSUJINYOU6.6%，CHUANGGAIGEKAIFANGYILAIDEXINDI。DANGQIAN，WOGUOHONGGUANJINGJICHUYUXINYILUNXIAXINGZHOUQI，SHIBITUOLEIGEGEXINGYE，YIYAOLIUTONGSHICHANGYIBULIWAI。

2018NIAN5YUE31RI，GUOJIAYIBAOJUGUAPAICHENGLI，SHOUXIANBAMUGUANGFANGZAIYAOPINLINGYU，HUJINGLINJUZHANGZAIDIAOYANZHONGBIAOSHI：“TONGGUODAILIANGCAIGOUTUIDONGYAOPINJIAGEXIAJIANG，ZENGQIANGRENMINQUNZHONGDEHUODEGAN。”12YUE6RI，“4+7”DAILIANGCAIGOUJIEGUOGONGBU，31GERUXUANPINGUIPINGJUNJIANGFU52%，ZUIGAOJIANGFUDA96%，ANZHAOGAIGEYUQI，GEDIJIAGELIANDONGJIANGSHIDAGAILVSHIJIAN。“4+7”DAILIANGCAIGOU、KANGAIYAOTANPANDENGDAOZHIYAOJIAXIAJIANG，JINERYINFALIUTONGSHICHANGZENGSUFANGHUAN。TONGSHI，YIBAOJUHAIDUILINGSHOUSHICHANGDEYIBAOKADAOSHUAXINGWEIQIANGHUAJIANGUANCUOSHI。

ZAIKONGFEIQIANTIXIA，YILIAOQIXIEHAOCAIJIZHONGZHAOBIAOHUODAILIANGCAIGOUJIANGSHIDAGAILVSHIJIAN。GUOJIACENGMIAN，2018NIANGUOJIAYIBAOJULINGDAOCENGDUOCIKAOCHAYIYONGSHEBEIHEHAOCAIDEGUANLIYUSHIYONG，XINHAOMINGXIAN。ZAIDIFANGSHANG，SHENZHENYIFAWENBIAOSHIYIYONGHAOCAIJIANGSHIXINGJIZHONGCAIGOU，MINGWENGUIDINGNARUJIZHONGCAIGOUFANWEIDEGAOZHIHAOCAICAIGOUCHENGBENTONGBIGAIGEQIANXIAJIANGFUDUCHAOGUO25%，DIZHIHAOCAIJIANGFUCHAOGUO10%。SHANDONG、SHANXIDENGDIYIJINGJIANGHAOCAIZHAOTOUBIAODEZHUGUANQUANYIJIAOXINCHENGLIDEYIBAOJU。

JINGUANRUCI，YILIAOJIANKANGCHANPINGANGXINGXUQIURENGSHISHICHANGGUIMOCHIXUKUODA，ZHISHIZENGSUBIANDI。

2 集中度进一步提高

SHOU94HAOWEN、“LIANGPIAOZHI”“YINGGAIZENG”DENGZHENGCEYINGXIANG，WOGUOYIYAOLIUTONGSHICHANGJIZHONGDUJIANGJINYIBUTISHENG。JUSHANGWUBUTONGJI，2013-2017NIAN，和记app下载网址、HUARUN、SHANGYAO、JIUZHOUTONG4JIAQUANGUOXINGYIYAOLIUTONGQIYEHEJIXIAOSHOUZHANBIFENBIESHI27.96%、29.17%、31.58%、32.01%HE32.14%；BAIQIANGSHANGYELIUTONGQIYEYIDADAO70.7%DEXIAOSHOUZHANBI。

2018NIAN，“LIANGPIAOZHI”ZAIGESHENGLUXULUODI，CHUYUNNAN、GANSUWAI，JIBENQUANMIANSHISHIDAOWEI，YAOPINQUDAOZHENGHEZANSHIGAOYIDUANLUO。ERSHANGHAI“4+7”DAILIANGCAIGOUCHUTAIDEPEITAOZHENGCEYAOQIU“YIGEQIYEDECHANPINZHIYUNXUZAIBENDIQUWEITUOYIJIASHANGYEGONGSI”QIANGHUALEDAXINGSHANGYEGONGSIDEQUDAOYOUSHI。JIASHANGHAOCAI“LIANGPIAOZHI”KENENGZAIGENGDAFANWEITUIGUANG，YIJIRIYISHANGSHENGDERENLICHENGBEN，GENGSHIWEIDAXINGLIUTONGQIYEWANSHANWANGLUOBUJUTIGONGLEQIJI。

ZAILINGSHOUSHICHANG，2014NIAN7YUEYIXINTANGSHANGSHI，CHENGWEIDIYIJIASHANGSHILIANSUOYAODIAN；2015NIAN2YUEYIFENGYAOFANGSHANGSHI；2015NIAN4YUELAOBAIXINGSHANGSHI；2017NIAN7YUEDACANLINSHANGSHI。ZAIZIBENHEZHENGCESHUANGZHONGZUOYONGXIA，XINGYEJINRUZHENGHEQI，JIZHONGDUYEKUAISUTISHENG，2017NIANLINGSHOULIANSUOLVDADAO50.52%。LIANSUOLVTISHENGDETONGSHI，LIANSUOYAODIANQIYESHULIANGYOUSUOJIANSHAO，2017NIANXIANGBI2016NIANJIANSHAOLE200JIA。

JIEZHUZIBENSHICHANGDELILIANG，BUJINSIDALINGSHOULIANSUOQIYEKUAISUBINGGOUKUOZHANG，YIGAOLING、JISHI、DAMOHEHUATAIDENGWEIDAIBIAODEZIBENYECHUNCHUNYUDONG，MOUQIUDAZAOYAODIANPINPANYIFENGENG。GAOLINGZIBENZI2017NIANXIABANNIANJIERUYAODIANSHICHANGYILAI，PINGJIEZIJINYOUSHI，MUQIANTOUZIMENDIANGUIMO11610JIA，FUGAI21GESHENG，YICHENGWEIQUANGUOGUIMOZUIDADELIANSUOYAOQI。2018NIAN，ALIJIANKANGRUGUSHUYUPINGMIN，SUIHOUTOUZILEHUARENJIANKANG、GUIZHOUYISHU、DESHENGTANGDENGQUYULONGTOU。YOUZIBENJIACHI，JIASHANGYAODIANFENJIZHENGCEDAOXIANGHEHULIANWANGDELILIANG，GEJUTOUZHENGZAIKUODAYOUSHIHEGUIMO。

3 电商在探索中前进

JINNIANLAI，DIANZISHANGWUFAZHANXUNSU，DANBEISHOUYEJIEQIDAIDEWANGSHOUCHUFANGYAOYIRANWEIBEIJIANGUANBUMENFANGXING，YIYAODIANSHANGRENGRANJIAOHAOBUJIAOZUO，JIXUZAITANSUOZHONGQIANJIN。

2017NIAN，GUOJIAXIANHOUQUXIAOLEYIYAODIANSHANGA、B、CZHENG。JIEZHI2018NIANDI，YIYAODIANSHANGAZHENGQIYEYOU54JIA，BZHENGYOU245JIA，CZHENGYOU692JIA。2018NIAN2YUE，YUANCFDAFABU《YAOPINWANGLUOXIAOSHOUJIANDUGUANLIBANFA（ZHENGQIUYIJIANGAO）》，BIAOMINGKEYIYOUTIAOJIANDIFANGKAIDISANFANGPINGTAIXIANGGERENXIAOFEIZHESHOUYAO，DANMINGQUEJINZHIWANGSHANGZHANSHI、XIAOSHOUCHUFANGYAO。

2018NIAN4YUE，GUOWUYUANYINFA《GUANYUCUJIN“HULIANWANG+YILIAOJIANKANG”FAZHANDEYIJIAN》TICHU：“DUIXIANSHANGKAIJUDECHANGJIANBING、MANXINGBINGCHUFANG，JINGYAOSHISHENHEHOU，YILIAOJIGOU、YAOPINJINGYINGQIYEKEWEITUOFUHETIAOJIANDEDISANFANGJIGOUPEISONG。TANSUOYILIAOWEISHENGJIGOUCHUFANGXINXIYUYAOPINLINGSHOUXIAOFEIXINXIHULIANHUTONG、SHISHIGONGXIANG，CUJINYAOPINWANGLUOXIAOSHOUHEYILIAOWULIUPEISONGDENGGUIFANFAZHAN。”

2018NIAN12YUE，FAGAIWEIHESHANGWUBUYINFADE《SHICHANGZHUNRUFUMIANQINGDAN（2018NIANBAN）》GUIDING，YAOPINSHENGCHAN、JINGYINGQIYEBUDEWEIFANGUIDINGCAIYONGYOUJI、HULIANWANGJIAOYIDENGFANGSHIZHIJIEXIANGGONGZHONGXIAOSHOUCHUFANGYAO。

2019NIAN1YUE3RI，《YAOPINWANGLUOXIAOSHOUJIANDUGUANLIBANFA（SONGSHENGAO）》BIAOSHIKEYIYOUTIAOJIANWANGSHOUCHUFANGYAO。SONGSHENGAOZAIXIAOSHOUFANWEIZHONGGUIDING：“LINGSHOUQIYETONGGUOWANGLUOXIAOSHOUCHUFANGYAODE，YINGDANGJUBEICHUFANGYAOXIAOSHOUXINXIYUYILIAOJIGOUDIANZICHUFANGXINXIHULIANHUTONG、SHISHIGONGXIANGDETIAOJIAN，QUEBAOCHUFANGLAIYUANZHENSHI、KEKAO，BINGANZHAOXIANGGUANYAOQIUJINXINGCHUFANGSHENHEDIAOJI，DUIYIGOUMAICHUFANGYAODECHUFANGJINXINGDIANZIBIAOJI。”

2019NIAN1YUE16RI，JINGDONGHULIANWANGYIYUANSUQIANFENYUANZHENGSHISHANGXIAN，SUQIANYIBAOTIXIYUJINGDONGSHIXIANXITONGXINGDATONG。YOUYUCHUFANGLAIYUANHEZHIFUXITONGXIANJIEYIZHIBEIRENWEISHIYIYAODIANSHANGDELIANGGEGUANJIANDIAN，ZHEIYISHIJIANJUYOUZHONGYAODELICHENGBEIYIYI。

4 商业资金压力依旧

ZIJINRONGTONGSHISHANGYEGONGSIDEZHONGYAOGONGNENGZHIYI，ZIJINDIANFUSUIRANKEYIKUODAXIAOSHOUE，DANSHIGUONEIYILIAOJIGOUCHAOZHANGHUIKUANZHOUQIYIZHISHIGUONEIYIYAOSHANGYEQIYEZIJINZHOUZHUANLVPIANDIDEZHUYAOYUANYIN，ZAOCHENGJUDADEZIJINYALI。

YIFANGMIAN，GEQUYUPINFANDEDAILIANGCAIGOU、GPO、DONGTAIDIAOJIADENGJIANGJIAJUCUOJINYIBUYASUOCHANYELIANSHANGDEJIAGEKONGJIAN。ZAIGONGYINGLIANSHANGCHUYUQIANGSHIDIWEIDEYILIAOJIGOUYINYAOPINHEHAOCAILINGCHAJIA，JIANGDIJIANCHAFEIDENGGAIGEJIANGDILESHOURU，JINGJIXIAXINGSHENZHIBUFENDIQUCAIZHENGKUNNANDAOZHIBUTIEBUDAOWEIBUJISHI、YIYUANJIJIANDENGZIJINQUEKOUDAOZHIYUSUANPINGHENGYALIJIADA，ZHANYONGSHANGYEGONGSIHUOKUANRENGRANSHIPINGHENGZIJINLIUDEZHONGYAOJUCUOZHIYI。2018NIANHUBEISHENGYIYAOXINGYEXIEHUIDIAOYAN8JIAYOUDAIBIAOXINGDEYIYAOSHANGYEQIYEFAXIAN，GONGLIYILIAOJIGOUYAOPINHUIKUANZHANGQIZUIZHANGDA960TIAN，SHIGUOJIAYAOQIU30TIANFUKUANDE32BEI。

LINGYIFANGMIAN，LIUTONGQIYEJINGZHENGYIZHICHUYUBAIREHUA，GONGYEQIYEDEPINZHONGQUYUPEISONGSHOUQUAN，BUJINKAOYANLIUTONGQIYEDEZHONGDUANWANGLUOFUGAINENGLI，ZAI“4+7”DAILIANGCAIGOUDAOZHIYAOJIADUANYASHIXIAJIANGDEQINGKUANGXIA，BIRANDUIZIJINYUHUIKUANNENGLIZUOCHUYINGXINGYAOQIU。JIAZHISHOUHONGGUANJINGJIHEMAOYIZHANDENGDAHUANJINGYINGXIANG，ZIBENSHICHANGBUJINGQI，DUIWEILAIDEBEIGUANYUQIHEFENGXIANPIANHAOBIRANDAOZHIRONGZICHENGBENSHANGSHENG。

5 药品质量全程管理

ZAI2019NIAN1YUE17-18RIZHAOKAIDEQUAN和记app下载网址PINZHUCEGUANLIHESHANGSHIHOUJIANGUANGONGZUOHUIYISHANG，JIANGUANBUMENMINGQUEBIAOSHI，2019NIANYAOPINSHANGSHIHOUJIANGUANGONGZUOJIANGSHENRUGUANCHELUOSHIQUAN和记app下载网址PINJIANDUGUANLIGONGZUOHUIYIJINGSHEN，SHENRUGUANCHEYIRENMINWEIZHONGXINDEJIANGUANLINIAN，QUANLISHOUHURENMINQUNZHONGYONGYAOANQUAN。CIQIAN，GUOJIAYAOJIANJUXIANHOUFABULE《GUANYUYAOPINXINXIHUAZHUISUTIXIJIANSHEDEZHIDAOYIJIAN》（和记app下载网址JIANYAOGUAN〔2018〕35HAO）HE《GUANYUJIAQIANGYAOPINJIZHONGCAIGOUHESHIYONGSHIDIANQIJIANYAOPINJIANGUANGONGZUODETONGZHI》（和记app下载网址JIANYAOGUAN〔2018〕57HAO），MINGQUEZHICHUJINGYINGQIYEHESHIYONGDANWEIYINGDANGPEIHEYAOPINSHANGSHIXUKECHIYOURENHESHENGCHANQIYE，JIANCHENGWANZHENGYAOPINZHUISUXITONG，LVXINGGEZIZHUISUZEREN；WEILAIJIANGUANBUMENJIANGJIAQIANGBAOKUOYAOPINLIUTONGSHIYONGHUANJIEZAINEIDEQUANLIUCHENGGUANLI。

SUIZHELINCHUANGSHENGWUYAOSHIYONGYUELAIYUEDUO，BAOKUOCHUZANGHEPEISONGDENGLIUTONGHUANJIEZAINEIDEYAOPINQUANSHENGMINGZHOUQIZHILIANGGUANLIBIJIANGSHOUDAOYUELAIYUEDUODEGUANZHU。

6 上市公司有望增加

JIEZHI2018NIANDI，CHUBGUWAI，HUSHENLIANGSHISWSHENGWUYIYAOSHANGYEBANGONGYOUSHANGSHIGONGSI25JIA，JIASHANGZAIGANGGUSHANGSHIDE和记app下载网址KONGGUHEHUARUNYIYAO，GUONEIYIYAOSHANGYEGONGYOUSHANGSHIGONGSI27JIA。SUIRANGUONEIJIAODADEYIYAOSHANGYEGONGSIDABUFENSHIXIANLEZHENGQUANHUA，DANSHI2019NIANBANKUAISHANGSHIGONGSISHULIANGRENGRANYOUWANGKUORONG。

2018NIAN9YUE12RI，1YAOWANGMUGONGSI111JITUANZAIMEIGUONASIDAKEJIAOYISUOGUAPAISHANGSHI，SHANGSHISHOURISHIZHIDA11.43YIMEIYUAN，CHENGWEISHOUJIADULIDENGLUZIBENSHICHANGDEYIYAODIANSHANGPINGTAI。2018NIAN9YUE4RI，JULUTOUSHEBAODAO，YIYAODIANSHANGPINGTAI“JIANKE”HUODEGAOTEJIA、HBM、KAIXINYAZHOUTOUZIDENGJIJIN1.3YIMEIYUANDEBLUNTOUZI。JUZHIQINGRENSHITOULU，“JIANKE”JIHUAZAI2019NIANSHANGBANNIANSHANGSHIQIANWANCHENGLINGYILUNSIMURONGZI，ZHUNQUEDESHIJIQUJUEYUSHICHANGQINGKUANG。ZAOZAI2017NIANA+LUNRONGZIHOU，JIANKECEOXIEFANGMINJIUCENGBIAOSHI：“JIANKESHIYIYAODIANSHANGLIMIANWEISHUBUDUODEVIEJIAGOUDEGONGSI，YIJINGWEIFUMEISHANGSHIZUOHAOLEZHUNBEI，YUJIZAILIANGSANNIANNEISHIXIANDENGLUNASIDAKEDEJIHUA。”

CHULEXINRUIDIANSHANGPINGTAI，2018NIAN4YUE2RI，QINGDAOBAIYANGYIYAOPILULEIPOZHAOGUSHUOMINGSHU，SUIRANZHONGTUCENGZHONGZHISHENCHA，DANMUQIANYIZHONGXINYUPILUQIEHUODEFANKUI，PAIMINGXIANGDUIKAOQIAN。2018NIAN12YUE11RI，ZHENGJIANHUIFABULESHUYUPINGMINDAYAOFANGLIANSUOGUFENYOUXIANGONGSIDEIPOZHAOGUSHUOMINGSHU，SHUYUPINGMINKAISHIERZHANSHENQINGIPO。CIWAI，XIANYIKANGYIYAODENGQUYUXINGLINGSHOULIANSUOLONGTOUYEZAIZHAOBINGMAIMA，JIJICHOUBEIIPO。

7 供应链管理拓价值

ZUOWEIDIANXINGDEQUDAOSHANG，WEISHANGXIAYOUHEZUOHUOBANTIGONGGAOXIAO、BIANJIE、GAOXINGJIABIDEFUWUSHIJUEDINGSHANGYEGONGSIFAZHANZHUANGDADEGUANJIAN。

MIANDUI“LIANGPIAOZHI”DAILAIDEXINBIANJU，“QUDAOWEIWANG”DESHICHANGMOSHISHOUDAOTIAOZHAN，YAOXIANGYANXUHUIHUANG，SHANGYEQIYECHULEZAIWANGLUOJIANSHE、CHENGBENGUANLIDENGFANGMIANHENGXIANGTUOZHANWAI，HAIBIXUZAICHANYELIANSHANGWEISHANGYOUGONGYEQIYEHEZUOHUOBANYUXIAYOUZHONGDUANKEHUTIGONGGENGDUODEZENGZHIFUWU。

ZAIZHEIYANGDEBEIJINGXIA，2018NIAN，RUIKANGYIYAO、和记app下载网址KONGGUXIANHOUYUMINSHENGYINXING、SHANGHAIYINXINGKAIZHANGONGYINGLIANJINRONGHEZUO；SHANGYAOKONGGUQIXIADE“SHANGYAOYUNJIANKANG”JIASUDAZAOJIYUDIANZICHUFANGDEXINLINGSHOUPINGTAI；JIUZHOUTONGZAIZUIXINFABUDEWEILAISANNIANJITUANZHANLVEZHONGYETICHU，YAOGOUJIANYIYAOQUANCHANYELIANDE“FBBC”PINGTAITIXI，ZHIZAIBANGZHUSHANGYOUCHANGSHANGJIANCEYAOPINKUCUN、XIAOSHOUQINGKUANG，ZHULIYAODIANZUOHAOKEHUGUANLI、ZENGJIAKEHUZHANXING，ZUIZHONGZHUAZHUZHONGDUANXIAOFEIZHEXUQIU，GOUJIANXINDEHEXINJINGZHENGLI。

MIANDUIDISANFANGWULIUPINGTAIDEJILIEJINGZHENG、XIAYOUKEHUDUICHENGBENHEXIAOLVYIJIGUANLITISHENGDESUQIU，2019NIANYIYAOGONGYINGLIANCHUANGXINDEQUSHIYEJIANGBUDUANJINBU。

LAIYUAN：YIYAOJINGJIBAO

SHIJIAN：2019-02-21