会计学院知识库

医疗器械行业具有起点低、发展快等特征，是全球交易往来最为活跃的行业之一，也是一个国家制造业水平和高科技尖端水平的标志性行业之一。近年来，我国政府对“国产替代”医疗器械产业加大支持，加之受席卷全球的新冠疫情影响，我国医疗器械产业的市场前景和发展空间广阔。与此同时，行业内竞争加剧。医疗器械制造企业欲保持竞争优势，其核心举措之一在于不断提升自身的财务竞争力。

由此，本文选取医疗器械行业内的心血管领域龙头企业乐普医疗作为典型案例，采用因子分析法构建医疗器械行业财务竞争力评价指标体系，以期通过对其财务竞争力展开分析，对整个行业形成启示，从而通过提升财务竞争力水平达成高质量发展。首先，针对案例企业的经营环境及财务状况进行概况分析；其次，运用因子分析法，基于51家医疗器械上市企业的数据，构建涵盖盈利能力、偿债能力、营运能力和发展能力等四个方面、由12项指标构成的医疗器械企业财务竞争力评价指标体系。通过对案例企业整体财务竞争力及各方面能力进行分析评价，结果表明：乐普医疗存在着资产利用效率不高、成本费用控制能力不足，及现金类资产利用效率和存货运营效率有待提升等问题。针对存在的问题，本文最后提出，乐普医疗需及时盘活资产，从而提高资产收益；同时，提升管控能力，降低成本费用；此外，还需加强资金管理，提高使用效率，并完善存货管理，提升运营效率。

The medical device industry has the characteristics of low starting point and rapid development, and is one of the most active industries in the world, and it is also one of the landmark industries of national manufacturing level and high-tech cutting-edge level. In recent years, the Chinese government has increased support for the "domestic alternative" medical device industry, coupled with the impact of the new crown epidemic sweeping the world, China's medical device industry has broad market prospects and development space. At the same time, competition within the industry has intensified. One of the core initiatives of medical device manufacturers to maintain their competitive advantage is to continuously improve their financial competitiveness.

Therefore, this paper selects Lepu Medical, a leading enterprise in the cardiovascular field in the medical device industry, as a typical case, and uses factor analysis to construct a financial competitiveness evaluation index system, in order to form enlightenment to the entire industry through the analysis of its financial competitiveness, so as to achieve high-quality development by improving the level of financial competitiveness. Firstly, the business environment and financial status of the case enterprise are analyzed. Secondly, based on the data of 51 listed medical device companies, a financial competitiveness evaluation index system of medical device enterprises covering four aspects such as profitability, solvency, operation ability and development ability was constructed, covering four aspects, including profitability, solvency, operation ability and development ability. Through the analysis and evaluation of the overall financial competitiveness and various capabilities of the case enterprises, the results show that Lepu Medical has problems such as low asset utilization efficiency, insufficient cost and expense control ability, and cash asset utilization efficiency and inventory operation efficiency that need to be improved. In view of the existing problems, this paper finally proposes that Lepu Medical needs to revitalize assets in time to improve asset returns; At the same time, further improve the ability to control costs and expenses; In addition, it is necessary to strengthen capital management, improve the efficiency of use, and improve inventory management to improve operational efficiency.