目錄摘要 )模型檢驗（1）自變量篩選所選樣本均為2023年的數(shù)據(jù)，這對醫(yī)藥行業(yè)的2023年表現(xiàn)具有參考價值。將平均收盤價，每股資本公積，每股未分配利潤，總資產(chǎn)增長率，每股現(xiàn)金凈流量，每股盈余公積帶入回歸模型中分析結果如表3-6所示。表3-6回歸模型分析結果表變量系數(shù)標準誤差T值P值8.18382.61673.12750.0023-0.28280.6814-0.41490.67910.35480.65640.54050.5901表3-6回歸模型分析結果表24.312012.74561.90740.05973.69872.95581.25130.214117.77135.63963.15110.0022R方值0.4227調整R方值0.3899F-statistic12.8889Durbin-Watsonstat1.9754Prob(F-statistic)2.0833e-09觀察表格3-6可知，常數(shù)項C的系數(shù)為8.1839，表示當所有自變量（、、、、）的值為零時，值為8.1839。從t-統(tǒng)計量（3.1275）和p值（0.00239）來看，常數(shù)項顯著不為零，表明它在模型中是統(tǒng)計顯著的。的系數(shù)為-0.2828，說明與之間存在負相關關系，其t值(-0.415)和p值(0.6792)表明對Y的影響不顯著，不需要包含在模型中。的系數(shù)為0.3549，表明與之間存在正相關關系，t值(0.5406)和p值(0.5902)顯示對Y的影響也不顯著。因此，也是一個冗余變量。的系數(shù)為24.3120，表明與之間存在正相關關系，且t值為1.9075，接近顯著性水平。是一個接近顯著的自變量。的系數(shù)為3.6987，表明與之間存在正相關關系，p值(0.2141)顯示它對Y的影響不顯著。的系數(shù)為17.7714，表示與之間有強烈的正相關關系，且其t值(3.1511)和p值(0.0022)表明對的影響是非常顯著的。表示模型能夠解釋變動的42.27%。雖然這個值并不高，但表明模型對數(shù)據(jù)有一定的擬合程度。對于股市數(shù)據(jù)來說，較低的是可以接受的，因為股市受許多隨機因素的影響。經(jīng)過調整后的仍然較低，表示模型的擬合度可能還有提升空間，需要添加更多有意義的變量或者調整現(xiàn)有的自變量。F-statistic用來測試模型中所有自變量是否同時對因變量有顯著的影響。這里的值是2.0833e-09，遠遠小于0.05，說明至少有一個自變量對因變量有顯著的影響，模型總體上是顯著的。Durbin-Watson統(tǒng)計量用于檢驗回歸模型中的自相關性。值接近2表示沒有自相關性，因此1.9754表示模型中沒有明顯的自相關問題。綜上所述，、和對的影響不顯著，可以考慮從模型中剔除。和顯著性較高，可以作為重要的預測變量繼續(xù)保留在模型中。所以重新將和作為解釋變量進行回歸，得到的結果如表3-7所示。表3-7變量、模型分析結果變量系數(shù)標準誤差T值P值6.88712.36132.91660.004432.386811.59742.79250.006322.82613.25137.02040.0000R方值0.4039調整R方值0.3908F-statistic30.8297Durbin-Watsonstat1.9443Prob(F-statistic)5.9834e-11觀察表格3-7可知，常數(shù)項（C）為6.887，意味著在和都為0時，股價的預測值為6.887。的回歸系數(shù)（32.387）和的回歸系數(shù)（22.826）都具有統(tǒng)計學意義。的系數(shù)為32.387，表示當增加一個單位時，股價預計增加32.387。而的系數(shù)為22.826，表示當增加一個單位時，股價預計增加22.826。顯著性分析：t-statistic和p-value用于判斷系數(shù)的顯著性。一般來說，如果p-value小于0.05，說明該變量對模型的貢獻是顯著的。，t值為2.79，p-value為0.0064，小于0.05，因此對股價有顯著影響。對于，t值為7.02，p-value為3.87e-10，顯著性非常高，表示對股價的影響非常顯著。（2）計算預測股價調整后的股價的預測方程如下： （3-4）通過Eviews創(chuàng)建預測變量，將常數(shù)項和自變量系數(shù)值帶入得到模型回歸結果（部分，完整請參看附錄）如表3-8所示。表3-8模型回歸結果表（部分）企業(yè)名稱模型回歸股價企業(yè)名稱模型回歸股價海普瑞12.86233豐原藥業(yè)9.242558易明醫(yī)藥6.507168海翔藥業(yè)7.225615安科生物17.19243康芝藥業(yè)7.93553眾生藥業(yè)19.3184四環(huán)生物4.34301北大醫(yī)藥6.607016科華生物9.644954嘉應制藥8.146423信邦制藥6.259434將模型回歸結果得到的股價與實際股價在Eviews中計算均方誤差，由于數(shù)據(jù)量過大，本文篩選了前12行數(shù)據(jù)進行均方誤差的各項計算，得到均方誤差（MSE）如表3-9所示。表3-9篩選后12家預測股價與實際股價均方誤差表企業(yè)名稱均方誤差企業(yè)名稱均方誤差海普瑞0.028368豐原藥業(yè)0.60831易明醫(yī)藥0.109011海翔藥業(yè)0.651063安科生物0.199875康芝藥業(yè)0.692441眾生藥業(yè)0.210586四環(huán)生物1.091627北大醫(yī)藥0.245405科華生物1.704189表3-9篩選后12家預測股價與實際股價均方誤差續(xù)表企業(yè)名稱均方誤差企業(yè)名稱均方誤差嘉應制藥0.395292信邦制藥2.099989在本次研究中，均方誤差（MSE）是衡量預測股價準確性的關鍵指標。本部分著重闡述了如何計算預測股價以及后續(xù)基于模型回歸得到的股價與實際股價的誤差分析和均方誤差計算。首先，借助Eviews軟件創(chuàng)建預測變量。通過將常數(shù)項以及自變量系數(shù)值代入調整后的模型，成功得到預測股價表格?？紤]到數(shù)據(jù)量龐大，為便于分析和計算，篩選出前12家企業(yè)的數(shù)據(jù)進行后續(xù)的均方誤差各項計算。這些企業(yè)包括海普瑞、易明醫(yī)藥、安科生物等。得到的預測股價數(shù)據(jù)顯示出各企業(yè)之間存在一定差異，眾生藥業(yè)的預測股價為19.3184，而四環(huán)生物的預測股價為4.34301。這與企業(yè)個體之間的經(jīng)營狀況、市場競爭力、行業(yè)前景等多種因素相關。最后，基于預測誤差進一步計算均方誤差（MSE）。均方誤差衡量了預測值與真實值之間的平均誤差程度，是評估預測模型準確性的重要指標。不同企業(yè)的均方誤差差異明顯，像信邦制藥的均方誤差達到2.099989，而海普瑞的均方誤差僅為0.028368。較高的均方誤差暗示該企業(yè)的股價受更多復雜因素影響，需要根據(jù)公司的實際情況去分析；而較低的均方誤差則表明預測模型在該企業(yè)股價預測上具有較好的準確性。預測的12家公司中，模型的誤差及均方誤差都相對較低，說明模型還是具有一定的有效性及準確性。實證數(shù)據(jù)分析與結果實證數(shù)據(jù)計算及結果分析為了更好的驗證模型的有效性，現(xiàn)隨機從東方財富選取一個近期成交量較多的醫(yī)藥公司：甘李藥業(yè)，股票代碼為603087，它的行業(yè)地位突出，是中國第一家掌握產(chǎn)業(yè)化生產(chǎn)重組胰島素類似物技術的企業(yè)，并且業(yè)績穩(wěn)定可期，具有良好的發(fā)展前景。它2024年三季報顯示每股資本公積（）為5.91元，每股未分配利潤（）為11.57元，總資產(chǎn)增長率（）較2023年同期增長12.9%，每股現(xiàn)金凈流量（）約為-0.0236元，每股盈余公積（）為1.46元，同期股價為44.46元/股。將甘李藥業(yè)的各個數(shù)據(jù)代入最開始建的模型公式（3-3）中，得到預測股價元，與同期股價44.46元相比，存在約3.12元的誤差。這表明該模型雖然綜合考慮了每股資本公積、每股未分配利潤、總資產(chǎn)增長率、每股現(xiàn)金凈流量、每股盈余公積五個財務指標，但可能部分指標的權重在實際市場環(huán)境下表現(xiàn)得不夠精準。其次將數(shù)據(jù)代入調整過后的模型公式（3-4）中，得到預測股價元。與實際股價非常接近，誤差僅為0.06元。這說明上文調整后的模型在此次分析中，對影響甘李藥業(yè)股價的關鍵因素把握相對比較準確，通過總資產(chǎn)增長率和每股盈余公積這兩個指標，就能夠較為精準地模擬出股價水平。總體而言，這兩個模型對甘李藥業(yè)股價進行的計算分析，有一定的參考價值，但要全面準確地理解和預測股價，還需綜合考慮更多市場和行業(yè)相關因素。比如市場情緒因素，實際股價受投資者情緒影響很大，如市場對醫(yī)藥行業(yè)的整體樂觀或悲觀情緒，會使股價偏離基于財務指標計算的結果。在某些時期，即使企業(yè)財務指標變化不大，市場情緒的波動也可能導致股價大幅波動。整個宏觀經(jīng)濟的環(huán)境也會影響市場的資金流向以及投資者的風險偏好，進而對股價產(chǎn)生影響。影響因素的解讀在探尋醫(yī)藥行業(yè)上市公司股價影響因素的過程中，借助前文嚴謹?shù)幕貧w分析成果，明晰了各關鍵變量與股價之間的互動關系。每股盈余公積作為公司按照既定規(guī)則從凈利潤中的積累資金，直接映射出公司過往盈利的留存狀況。當一家公司擁有較高的每股盈余公積時，是在向市場傳遞一個強烈信號：公司在過往的經(jīng)營周期內積累了雄厚的內部資金儲備，具備強大的抗風險能力與長遠發(fā)展?jié)摿?。對于投資者而言，他們在審視此類公司時，會自然而然地將其視為經(jīng)營風險相對較低、前景光明的優(yōu)質投資標的，進而引發(fā)對其股票的搶購熱潮，推動股價顯著上揚。每股資本公積在理論中承載著諸如公司股本溢價、資產(chǎn)重估增值等諸多可能影響股價的潛在因素，但在本次基于醫(yī)藥行業(yè)上市公司的實證研究中，卻未能呈現(xiàn)有效顯著性。每股未分配利潤同樣未能在股價中扮演關鍵角色。從理論上講，未分配利潤作為公司未來分紅、再投資的潛在資金儲備池，對投資者理應具有一定的吸引力。一方面，行業(yè)監(jiān)管政策的頻繁更迭，使公司未來盈利的不確定性增大。另一方面，部分公司管理層對未分配利潤的使用規(guī)劃透明度極低，投資者難以預估這些利潤在未來對公司發(fā)展究竟能發(fā)揮多大的實際效用，進而在股價判斷上有意無意地弱化了未分配利潤的影響力。例如，當醫(yī)藥行業(yè)面臨醫(yī)保目錄調整、藥品質量監(jiān)管升級等重大政策沖擊時，即使公司手握大量未分配利潤，但若缺乏靈活應變的能力，無法確保業(yè)務的持續(xù)穩(wěn)健增長，這些利潤也只能淪為紙面財富，無法切實提振股價。每股現(xiàn)金凈流量與股價之間未能呈現(xiàn)出顯著關聯(lián)，這與醫(yī)藥行業(yè)獨特的資金運作特性緊密相連。醫(yī)藥企業(yè)的研發(fā)、生產(chǎn)、銷售環(huán)節(jié)構成了一條漫長而復雜的產(chǎn)業(yè)鏈，資金回籠周期往往較長，且研發(fā)投入數(shù)額巨大，這些因素常常導致企業(yè)的現(xiàn)金流量處于不穩(wěn)定的動蕩狀態(tài)。即便在某一特定階段，企業(yè)的每股現(xiàn)金凈流量出現(xiàn)較大幅度的波動，投資者也難以僅憑這一孤立指標來精準判斷公司的長期盈利能力與股價走勢。以一家處于創(chuàng)新藥研發(fā)前期的企業(yè)為例，為了攻克技術難關需要持續(xù)投入大量資金用于臨床試驗，這一過程中現(xiàn)金凈流量大概率會呈現(xiàn)負值。因此，在醫(yī)藥行業(yè)錯綜復雜的資金流背景下，每股現(xiàn)金凈流量無法像在其他行業(yè)那樣成為穩(wěn)定影響股價的關鍵。結論本研究重點探討了多元線性回歸模型在公司股票回報率預測中的應用。通過構建回歸模型并分析不同因素的影響，本文確定了幾個關鍵因素，諸如市場指數(shù)、公司財務數(shù)據(jù)以及宏觀經(jīng)濟指標等，這些因素對股票回報率有著顯著的作用。回歸分析表明，模型能夠在市場波動較小且經(jīng)濟環(huán)境較為穩(wěn)定的情況下較為準確地捕捉股票回報率的變化趨勢。在模型的評估過程中，本文采用了均方誤差（MSE）等評價指標，這些指標顯示出模型在大多數(shù)測試集上具備較高的預測能力。在面對極端的市場變化時，模型的穩(wěn)定性和準確性面臨較大的挑戰(zhàn)，具體表現(xiàn)為：當市場出現(xiàn)劇烈波動或突發(fā)事件時，模型的預測誤差有所增加。這種現(xiàn)象表明，線性回歸模型在應對復雜和不確定的市場環(huán)境時存在一定的不足。從整體來看，該模型提供了一定的預測能力，并能在一定程度上反映股票回報率的主要趨勢，但它在實際應用中的預測效果受到限制。在未來的研究中，可以考慮引入更加復雜的模型，如時間序列分析、機器學習等方法，以便更好地捕捉股票回報率的動態(tài)變化。盡管本研究取得了一定成果，但仍存在一些局限性。首先，研究僅選取了醫(yī)藥行業(yè)上市公司作為樣本，行業(yè)局限性明顯，無法全面代表整個股票市場的多樣性和復雜性，不同行業(yè)的財務指標與股票回報率關系可能存在顯著差異，結論的普適性有待進一步驗證。其次，在模型構建中僅考慮了14個財務指標，可能忽略了其他潛在重要因素，如宏觀經(jīng)濟政策變動、行業(yè)競爭格局變化、公司治理結構差異等非財務因素對股票回報率的影響，使得模型的解釋能力存在一定提升空間。此外，研究采用的是歷史數(shù)據(jù)進行分析和建模，市場環(huán)境處于動態(tài)變化之中，過去的關系不一定能完全準確地預測未來股票回報率，模型的時效性和適應性面臨挑戰(zhàn)，在實際應用中投資者仍需結合當下市場實際情況靈活運用研究結論。

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附錄表1企業(yè)財務數(shù)據(jù)表yx2x3x10x13x14股票簡稱平均收盤價每股資本公積每股未分配利潤總資產(chǎn)增長率每股現(xiàn)金凈流量每股盈余公積海普瑞12.69394.331832.30761-0.077470.3039180.371688易明醫(yī)藥6.17701.220181.55981-0.0888440.338650.109404安科生物17.63950.310.833580.163012-0.0390040.220179眾生藥業(yè)19.77732.117651.6220.1183040.339240.376751北大醫(yī)藥7.10240.334190.957225-0.07535-0.2811880.094638嘉應制藥7.51770.2436460.2061020.001077-0.1020380.05364豐原藥業(yè)10.02251.725962.6767-0.017435-0.1624380.127934海翔藥業(yè)8.03251.795420.504412-0.1040150.1312750.162417康芝藥業(yè)7.10341.85887-0.108131-0.05368-0.2679410.122093四環(huán)生物3.29820.034552-0.604039-0.104465-0.0121090.03677科華生物10.95040.375025.9947-0.228089-3.634610.444444信邦制藥4.81032.264940.273846-0.05601-0.0341180.05197派林生物23.42636.538832.504240.0811980.5839130.150338東阿阿膠48.90370.62401414.29950.0534320.7085840.723872麗珠集團35.61001.4313711.80620.0071040.9781210.806116萬澤股份15.26850.573381.574290.281532-0.058220.429486云南白藥53.711710.154710.07430.008690.6152981.40827海南海藥4.90162.1647-1.621690.000132-0.0159670.07008啟迪藥業(yè)8.88981.97963-0.149147-0.013627-0.2369780.191666東北制藥5.74511.726810.7090880.1059520.5221320.126178吉林敖東16.39503.4532516.59060.0347840.2411392.1282仁和藥業(yè)6.61450.5791732.42267-0.024898-0.1504560.322002長春高新161.58338.6429342.3650.1811955.144114.65352普洛藥業(yè)19.29780.3716573.835340.0620880.0683680.241284新華制藥24.47691.563713.417070.002586-0.3395370.594295通化金馬13.23543.70338-2.41779-0.035404-0.0703070.112415華神科技5.10990.1174120.3661220.2721550.1251410.20116德展健康3.68970.4752994.52658-0.0524180.1677460.027401華特達因36.86250.26989510.90910.1082621.266210.546052金陵藥業(yè)8.29590.9410093.258260.001369-0.4978730.799489中關村6.19922.09265-1.127980.0371340.0878160.110227廣濟藥業(yè)7.77341.107171.420570.226533-0.038260.426363河化股份5.77941.38016-2.23563-0.0190880.022890.095836華潤三九52.44911.9002115.81290.4802483.899760.542315新和成17.18931.169025.464490.023221-0.2281760.5華蘭生物22.64730.8123463.984240.092408-0.058690.441175億帆醫(yī)藥14.32092.860364.01797-0.083273-0.1327320.143431京新藥業(yè)13.30842.001422.950070.084753-0.2179360.434493達安基因12.08760.4642463.95998-0.253381-1.143320.906016雙鷺藥業(yè)11.26770.0482953.969210.0684020.0125030.615574萬邦德7.52660.5055672.676780.018539-0.3581950.274681冠福股份3.26600.632474-0.147848-0.000471-0.01960.011294沃華醫(yī)藥6.41882.099780.3184550.040650.2132170.076649萊茵生物8.62591.990121.081750.038178-0.5479880.151783上海萊士7.00842.077391.251820.0482790.0706890.119108恩華藥業(yè)26.20740.102214.776770.1306930.5013460.5桂林三金16.23121.1392.13996-0.0072840.1605260.553973奇正藏藥24.42230.9001443.968640.069697-0.0925470.890197信立泰32.58651.704614.51862-0.036759-1.105850.472153仙琚制藥12.55631.840072.575580.037818-0.0792850.382453精華制藥10.24640.9445130.9125690.04704-0.0162370.144323永安藥業(yè)10.73442.419282.75785-0.031780.0662190.477573亞太藥業(yè)4.69262.61642-2.99014-0.062014-0.0036020.099413力生制藥25.06699.339297.563230.0925270.9254732.51655漢森制藥4.47950.4652552.065870.01988-0.1674850.349409科倫藥業(yè)6.67404.098227.039480.065746-0.057920.947092譽衡藥業(yè)28.54080.17309-0.415585-0.226238-0.2363910.429486千紅制藥2.80940.0325470.682903-0.0142050.1295220.226001兄弟科技2.44741.315580.5632120.0329270.0250650.106526益盛藥業(yè)5.87852.522092.801940.0270060.4365280.423672未名醫(yī)藥4.83413.813883.54739-0.1857370.0392820.665614以嶺藥業(yè)8.63621.402273.894220.039084-0.5770190.560699佛慈制藥17.47800.6606761.52-0.0300510.0141620.23485海思科27.63880.7659711.608850.1000970.3526710.374495東誠藥業(yè)11.48852.838631.65249-0.01157-0.3869930.291775金河生物23.84581.148710.7176920.209670.1110970.167262雙成藥業(yè)16.71970.891834-0.832578-0.118297-0.0081820.082608特一藥業(yè)0.00002.692731.41902-0.0129510.0207990.384378葵花藥業(yè)4.98721.567915.05417-0.021308-0.1930.51347奧賽康7.50410.147541.702380.0320750.2962510.267439康弘藥業(yè)20.11792.163874.764730.1047761.190170.560452羅欣藥業(yè)24.74690.4348950.80473-0.369691-0.2339240.011803黃山膠囊9.78500.2846811.510360.063018-0.3865990.213853凱萊英17.810626.016821.00280.0837690.9565920.565594盤龍藥業(yè)8.77437.694485.40450.1005982.621060.617828綠康生化140.21102.22282-0.9450910.5848610.1700340.343494新天藥業(yè)11.37630.776372.348080.0392940.1622930.406123衛(wèi)光生物40.26492.533084.598360.116782-0.1869840.74986賽隆藥業(yè)40.07521.639030.303424-0.0402960.0823970.102328哈三聯(lián)13.76423.421121.937270.050443-0.7582770.500332華森制藥34.94401.098511.55339-0.008150.0762420.222623麗珠B13.27111.4313711.80620.0071040.9781210.806116萊美藥業(yè)13.43651.40487-0.4441-0.053775-0.1195670.051166北陸藥業(yè)0.00000.2748761.555150.000264-0.0105890.300372紅日藥業(yè)3.92280.1962241.60737-0.0651390.1212210.094163上海凱寶10.63530.0082451.718820.0752250.1159410.241276華仁藥業(yè)5.35280.4466570.7606220.0005570.0742130.071576向日葵7.66590.416449-0.9418411.01550.4860080.058142瑞普生物6.51994.704653.588330.080191-0.1183310.498185智飛生物4.27380.01998511.60750.321771.55150.5沃森生物3.43783.04821.805980.0164870.351320.050413香雪制藥19.38423.25474-1.49322-0.0418180.013840.159348振東制藥64.59633.66164-0.057996-0.0565440.0769790.468466佐力藥業(yè)28.84471.618751.04686-0.004379-0.191670.164062表22023年財務數(shù)據(jù)表StkcdShortNamePriceF090101BF091301AF091501AF050501BF051401BF010101AF011201AF040301BF040601BF080601AF081001BF030201AF092601BF091401A股票代碼股票簡稱2023年平均收盤價每股收益每股資本公積每股未分配利潤凈資產(chǎn)收益率營業(yè)利潤率流動比率資產(chǎn)負債率應收賬款周轉天數(shù)存貨周轉天數(shù)總資產(chǎn)增長率凈利潤增長率現(xiàn)金資產(chǎn)比率每股現(xiàn)金凈流量每股盈余公積000153豐原藥業(yè)10.02250.4737481.725962.67670.0819760.0498790.9450130.56304167.573465.9122-0.01744-0.59110.066208-0.162440.127934000403派林生物23.42630.8342046.538832.504240.0823880.2985273.715130.14004124.9861026.90.0811980.5625820.1654930.5839130.150338000423東阿阿膠48.90371.788650.62401414.29950.1072430.2884874.378030.19282278.913366.46540.0534320.4479280.4356690.7085840.723872000513麗珠集團35.61002.053821.4313711.80620.1285050.1942962.135020.410389102.038246.9980.007104-0.393050.4382690.9781210.806116000518四環(huán)生物3.2982-0.078110.034552-0.60404-0.15682-0.325174.311330.22420671.743274.821-0.1044727.90760.023017-0.012110.03677000534萬澤股份15.26850.3709320.573381.574290.144730.248571.095210.5818953.1839185.990.2815320.7463550.082697-0.058220.429486000538云南白藥53.71172.2943110.154710.07430.1033080.1235072.851010.258048378.3370.0388470.00869-0.999960.2631210.6152981.40827000566海南海藥4.9016-0.104332.1647-1.62169-0.06151-0.08160.6703340.701303102.038246.9980.00013227.90760.041247-0.015970.07008000590啟迪藥業(yè)8.88980.1039381.97963-0.149150.034180.049822.168880.367397121.258104.995-0.01363151.2980.154687-0.236980.191666000597東北制藥5.74510.2630871.726810.7090880.0728820.0604411.022420.66224687.6174227.8810.1059520.5785990.1811590.5221320.126178000623吉林敖東16.39501.236153.4532516.59060.0525220.4007961.285930.14772524.667951.1510.034784-0.193510.0533050.2411392.1282000650仁和藥業(yè)6.61450.4495990.5791732.422670.0945840.1785796.103380.1061463.50591121.37-0.0249-1.103340.351194-0.150460.322002000661長春高新161.583311.80228.6429342.3650.1907870.3836363.785060.18577534.7466.61850.181195-0.370460.2452235.144114.65352000739普洛藥業(yè)19.29780.8954480.3716573.835340.169380.1063381.326650.512016133.211610.8610.062088-0.184910.1928690.0683680.241284000756新華制藥24.47690.7501411.563713.417070.1059740.0659911.33320.423647148.50162.31840.002586-0.150810.094336-0.339540.594295000766通化金馬13.23540.0447243.70338-2.417790.0186470.0350681.941010.487054154.167140.415-0.03545.239410.037009-0.070310.112415000788北大醫(yī)藥7.10240.074420.334190.9572250.0312040.0357552.120570.41704572.0236424.388-0.07535-1.122080.141873-0.281190.094638000790華神科技5.10990.0471270.1174120.3661220.0275020.0288910.9865220.495475262.988199.7880.272155-0.245690.0545980.1251410.20116000813德展健康3.68970.0624120.4752994.526580.0103490.16106436.40890.02549866.1325142.071-0.05242-0.755580.5074980.1677460.027401000915華特達因36.86254.80980.26989510.90910.2506510.533676.252150.1349773.15906649.1450.108262-0.124110.3914461.266210.546052000919金陵藥業(yè)8.29590.2097040.9410093.258260.0290880.0419992.759330.19021561.0035138.0070.001369-0.987360.268189-0.497870.799489000931中關村6.19920.086752.09265-1.127980.0376130.0345621.130430.54029328.830368.84480.037134-0.375790.0491920.0878160.110227000952廣濟藥業(yè)7.7734-0.430721.107171.42057-0.10946-0.191181.252690.54037272.4373136.5450.22653327.90760.137066-0.038260.426363000953河化股份5.7794-0.032461.38016-2.23563-0.14337-0.065660.5784270.70521667.9577141.944-0.0190927.90760.2298080.022890.095836000999華潤三九52.44913.211431.9002115.81290.1308010.1517191.739560.395696150.58357.5980.480248-0.247150.1548033.899760.542315002001新和成17.18930.881751.169025.464490.1093680.2156652.023050.36358389.184593.8960.023221-0.026670.11356-0.228180.5002007華蘭生物22.64730.9633110.8123463.984240.1312620.3928193.612910.16668648.3573160.8780.092408-0.310870.061427-0.058690.441175002019億帆醫(yī)藥14.3209-0.846442.860364.01797-0.10729-0.216981.486330.28215673.0837136.773-0.08327-61.05060.049806-0.132730.143431002020京新藥業(yè)13.30840.7240382.001422.950070.1125270.1785671.616450.306315107.61393.17420.084753-0.063740.159771-0.217940.434493002022科華生物10.9504-0.344130.375025.9947-0.03551-0.073864.780330.267859103.908248.202-0.2280927.90760.235851-3.634610.444444002030達安基因12.08760.0511110.4642463.959980.0078330.1029913.085310.168893244.783123.768-0.2533827.90760.089788-1.143320.906016002038雙鷺藥業(yè)11.26770.4039110.0482953.969210.0714210.4692557.071510.07450567.3376202.8320.0684022041.490.0860250.0125030.615574002082萬邦德7.52660.0426910.5055672.676780.0095420.0175091.449760.35783536.2628155.5660.01853927.90760.050776-0.35820.274681002099海翔藥業(yè)8.0325-0.260441.795420.504412-0.07526-0.213751.453230.2551176.832533.439-0.1040227.90760.1661590.1312750.162417002102冠福股份3.26600.1023140.632474-0.147850.0628960.0220491.133530.531743133.279307.266-0.00047-3.830410.010398-0.01960.011294002107沃華醫(yī)藥6.41880.0807812.099780.3184550.0559430.062112.336890.271885141.718889.6190.04065-0.988780.3490990.2132170.076649002166萊茵生物8.62590.1325441.990121.081750.030690.0792012.031970.30723194.4659254.7960.0381783.6830.024573-0.547990.151783002198嘉應制藥7.51770.0676250.2436460.2061020.0449820.07598111.7590.0997922.9731154.5480.0010770.4140740.155826-0.102040.05364002252上海萊士7.00840.2674652.077391.251820.0599480.2794243.864920.07136712.211582.93570.048279-1.014940.1001090.0706890.119108002262恩華藥業(yè)26.20741.026460.102214.776770.1613460.2345226.455010.12528258.3745115.680.130693-0.555070.274230.5013460.5002275桂林三金16.23120.7170211.1392.139960.1495580.2386552.456890.284317164.2210.047-0.007280.4062560.1991610.1605260.553973002287奇正藏藥24.42231.092390.9001443.968640.1536220.3160562.565310.4014285.0872153.2160.0696971.899950.061682-0.092550.890197002294信立泰32.58650.5210081.704614.518620.0721040.1949214.064880.142736168.16280.639-0.03676-0.267090.14028-1.105850.472153002317眾生藥業(yè)19.77730.2928472.117651.6220.0552180.1144323.900870.29927140.646943.09980.118304-1.437740.1860680.339240.376751002332仙琚制藥12.55630.5682531.840072.575580.0964180.1567773.247530.16628343.2291146.2290.037818-0.472670.233074-0.079290.382453002349精華制藥10.24640.3395640.9445130.9125690.0985880.2188555.49310.119543104.153795.9350.047040.2097980.287032-0.016240.144323002365永安藥業(yè)10.7344-0.096422.419282.75785-0.013870.0058064.717470.12732452.7973256.115-0.0317827.90760.1253560.0662190.477573002370亞太藥業(yè)4.6926-0.01952.61642-2.99014-0.02045-0.150855.903360.593616162.748238.056-0.0620127.90760.503887-0.00360.099413002390信邦制藥4.81030.1819962.264940.2738460.0495330.0595952.628780.227463231.71349.8117-0.05601-0.550040.079036-0.034120.05197002393力生制藥25.06691.96359.339297.563230.0737910.3640884.500530.151744101.72195.34850.092527-0.924110.3356340.9254732.51655002399海普瑞12.6939-0.546694.331832.30761-0.06691-0.158092.126660.375716171.864119.911-0.07747-49.36580.0919440.3039180.371688002412漢森制藥4.47950.4074220.4652552.065870.1044380.2458712.521140.15983825.597204.3750.019883.994590.021882-0.167490.349409002422科倫藥業(yè)6.67401.765484.098227.039480.1149930.1703251.830260.36865674.9245147.0710.065746-0.109260.125863-0.057920.947092002437譽衡藥業(yè)28.54080.058550.17309-0.415590.0752530.0666580.8174670.45749284.24312619.18-0.22624-1.514950.22554-0.236390.429486002550千紅制藥2.80940.1396090.0325470.6829030.0722230.1126387.900340.10562758.4793206.958-0.01421-1.121380.2078820.1295220.226001002562兄弟科技2.4474-0.164961.315580.563212-0.05745-0.054720.6552160.481205111.4176.8190.03292727.90760.0566210.0250650.106526002566益盛藥業(yè)5.87850.2904062.522092.801940.0412060.1355694.121530.23444966.507738.1680.0270062.509010.1600850.4365280.423672002581未名醫(yī)藥4.8341-1.405813.813883.54739-0.1482-0.682553.717650.06992147.052274.861-0.18574-5.03510.0649490.0392820.665614002603以嶺藥業(yè)8.63620.8046321.402273.894220.117530.1724921.47160.32635868.2017164.3820.039084-3.714850.049863-0.577020.560699002644佛慈制藥17.47800.1334010.6606761.520.0385210.0715952.648930.30049142.9449223.142-0.030053.146410.1567650.0141620.23485002653海思科27.63880.2652890.7659711.608850.0708690.093451.755880.37312336.858162.1910.100097-0.271510.1744350.3526710.374495002675東誠藥業(yè)11.48850.3082922.838631.652490.0471150.1043041.269480.33241921.9356135.962-0.01157-1.735190.075193-0.386990.291775002688金河生物23.84580.1210041.148710.7176920.0375230.0481720.9035410.53854664.5791201.2660.20967-2.068150.0912440.1110970.167262002693雙成藥業(yè)16.7197-0.172720.891834-0.83258-0.13905-0.310070.966370.3555616.1141311.317-0.118327.90760.004217-0.008180.082608002728特一藥業(yè)0.00000.6942272.692731.419020.1259150.2748012.372770.199772101.841146.589-0.012950.779390.2176260.0207990.384378002737葵花藥業(yè)4.98721.994761.567915.054170.232770.2397823.150150.27277788.2352106.792-0.021310.3350070.332132-0.1930.51347002755奧賽康7.5041-0.223540.147541.70238-0.06892-0.152335.066630.14563598.897265.75870.03207527.90760.2938930.2962510.267439002773康弘藥業(yè)20.11791.121442.163874.764730.1319940.3186568.10720.08414946.553444.63650.104776-0.275150.5474991.190170.560452002793羅欣藥業(yè)24.7469-0.706990.4348950.80473-0.29891-0.24811.07820.497322177.98172.8948-0.3696927.90760.113327-0.233920.011803002817黃山膠囊9.78500.2177620.2846811.510360.0722790.1555223.206590.18309669.3443155.7270.063018-0.424270.184008-0.38660.213853002821凱萊英17.81066.09226.016821.00280.1285450.3285286.859190.114188109.224268.1360.083769-0.903610.2413910.9565920.565594002826易明醫(yī)藥6.17700.0824721.220181.559810.0209660.0352382.862230.19152318.1698463.637-0.08884-1.889840.3674030.338650.109404002864盤龍藥業(yè)8.77431.049537.694485.40450.0719060.1374953.492460.27000254.535228.6980.100598-0.088180.5185892.621060.617828002868綠康生化140.2110-1.43242.22282-0.94509-0.53758-0.465740.5142220.78925830.7166140.2780.58486127.90760.0265590.1700340.343494002873新天藥業(yè)11.37630.3493480.776372.348080.0726390.0982651.145840.41765391.2354179.4030.039294-1.16530.0723070.1622930.406123002880衛(wèi)光生物40.26490.9591922.533084.598360.1063460.2358684.149440.28891371.788170.1350.1167820.3118450.087405-0.186980.74986002898賽隆藥業(yè)40.07520.0541691.639030.3034240.0177910.0726491.129030.341542129.329260.017-0.04032.897380.1045730.0823970.102328002900哈三聯(lián)13.76420.2214963.421121.937270.0326220.0665851.699860.37605767.5443150.6810.0504430.7950240.157526-0.758280.500332002907華森制藥34.94400.0783031.098511.553390.0202110.0662624.741630.12613566.9101148.746-0.00815-4.538310.2363360.0762420.222623200513麗珠B13.27112.053821.4313711.80620.1285050.1942962.135020.410389371.011142.1450.007104-0.393050.4382690.9781210.806116300006萊美藥業(yè)13.4365-0.009491.40487-0.4441-0.004720.0627822.927710.26591152.421161.908-0.0537827.90760.231271-0.119570.051166300009安科生物17.63950.5120320.310.833580.2183410.3224212.745290.20571219.2072438.2060.163012-0.26180.052272-0.0390.220179300016北陸藥業(yè)0.0000-0.169130.2748761.55515-0.04658-0.112763.332110.366427145.538112.3850.00026427.90760.259534-0.010590.300372300026紅日藥業(yè)3.92280.1669580.1962241.607370.0565610.0800914.29450.25071953.3834169.277-0.06514-1.064080.1