Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82
五月天色图,探索的靠谱www网址
随机图片

五月天色图,探索的靠谱www网址

更新时间: 浏览次数: 778

400电话:123456(点击咨询)
五月天色图,探索的靠谱www网址各观看免费《今日汇总》
五月天色图,探索的靠谱www网址各热线观看免费2025已更新(2025已更新)








五月天色图,探索的靠谱www网址观看免费电话:(1)123456(点击咨询)(2)123456(点击咨询)








五月天色图,探索的靠谱www网址观看免费热线(1)123456(点击咨询)(2)123456(点击咨询)




五月天色图,探索的靠谱www网址各区点热线观看免费《今日发布》
Random Image 五月天色图,探索的靠谱www网址电话








7天观看免费人工电话为您、五月天色图,探索的靠谱www网址团队在调度中心的统筹调配下,线下专业及各地区人员团队等专属,整个报修流程规范有序,后期同步跟踪查询公开透明。








所有团队均经过专业培训、持证上岗,所用产品配件均为原厂直供,








五月天色图,探索的靠谱www网址各观看免费《今日汇总》2025已更新(今日/推荐)








五月天色图,探索的靠谱www网址电话区域:








阳江市(阳西县、阳东区、江城区、阳春市)








常州市(溧阳市、天宁区、新北区、钟楼区、金坛区、武进区)








四平市(伊通满族自治县、铁东区、铁西区、双辽市、梨树县)








合肥市(庐江县、包河区、庐阳区、蜀山区、长丰县、巢湖市、瑶海区、肥西县、肥东县)  朔州市(朔城区、山阴县、应县、右玉县、怀仁市、平鲁区)








岳阳市(岳阳楼区、湘阴县、平江县、云溪区、汨罗市、华容县、君山区、临湘市、岳阳县)








德州市(临邑县、宁津县、庆云县、夏津县、平原县、陵城区、武城县、德城区、齐河县、禹城市、乐陵市)








广西壮族自治区








清远市(阳山县、连南瑶族自治县、连州市、英德市、清新区、佛冈县、连山壮族瑶族自治县、清城区)  鄂州市(鄂城区、梁子湖区、华容区)








泰安市(宁阳县、岱岳区、肥城市、新泰市、泰山区、东平县)








武威市(古浪县、凉州区、天祝藏族自治县、民勤县)








茂名市(电白区、化州市、高州市、茂南区、信宜市)








毕节市(威宁彝族回族苗族自治县、大方县、黔西市、赫章县、纳雍县、金沙县、织金县、七星关区)








绍兴市(新昌县、诸暨市、柯桥区、上虞区、越城区、嵊州市)








南充市(蓬安县、西充县、营山县、顺庆区、阆中市、仪陇县、高坪区、南部县、嘉陵区)








延安市(富县、延川县、延长县、宝塔区、宜川县、吴起县、安塞区、甘泉县、黄陵县、子长市、志丹县、黄龙县、洛川县)








商丘市(夏邑县、民权县、虞城县、睢阳区、梁园区、永城市、宁陵县、柘城县、睢县)








自贡市(荣县、贡井区、沿滩区、自流井区、富顺县、大安区)








肇庆市(德庆县、广宁县、鼎湖区、高要区、四会市、封开县、怀集县、端州区)








黄山市(黄山区、黟县、休宁县、徽州区、歙县、屯溪区、祁门县)








贺州市(钟山县、昭平县、富川瑶族自治县、八步区、平桂区)








广州市(南沙区、海珠区、番禺区、黄埔区、越秀区、从化区、增城区、荔湾区、天河区、花都区、白云区)








德宏傣族景颇族自治州(梁河县、瑞丽市、芒市、陇川县、盈江县)








安顺市(关岭布依族苗族自治县、镇宁布依族苗族自治县、普定县、平坝区、西秀区、紫云苗族布依族自治县)








安康市(紫阳县、平利县、白河县、岚皋县、宁陕县、旬阳市、石泉县、汉阴县、镇坪县、汉滨区)








衡阳市(衡阳县、祁东县、蒸湘区、常宁市、耒阳市、衡东县、衡山县、衡南县、石鼓区、南岳区、雁峰区、珠晖区)








和田地区(于田县、民丰县、墨玉县、和田县、洛浦县、皮山县、策勒县、和田市)








荆门市(东宝区、钟祥市、沙洋县、掇刀区、京山市)
400电话:123456(点击咨询)
五月天色图,探索的靠谱www网址各观看免费《今日汇总》《今日发布》
五月天色图,探索的靠谱www网址各观看免费《今日汇总》(2025已更新)








五月天色图,探索的靠谱www网址观看免费电话:(1)123456(点击咨询)(2)123456(点击咨询)








五月天色图,探索的靠谱www网址观看免费热线(1)123456(点击咨询)(2)123456(点击咨询)




五月天色图,探索的靠谱www网址各观看免费《今日汇总》【2025已更新列表】
五月天色图,探索的靠谱www网址电话








7天观看免费人工电话为您、五月天色图,探索的靠谱www网址团队在调度中心的统筹调配下,线下专业及各地区人员团队等专属,整个报修流程规范有序,后期同步跟踪查询公开透明。








所有团队均经过专业培训、持证上岗,所用产品配件均为原厂直供,








五月天色图,探索的靠谱www网址中心2025已更新(今日/推荐)








五月天色图,探索的靠谱www网址电话区域:








青岛市(李沧区、城阳区、市北区、黄岛区、胶州市、即墨区、市南区、莱西市、平度市、崂山区)








长春市(二道区、九台区、朝阳区、绿园区、公主岭市、宽城区、德惠市、农安县、榆树市、南关区、双阳区)








黄南藏族自治州(泽库县、河南蒙古族自治县、同仁市、尖扎县)








来宾市(象州县、武宣县、合山市、忻城县、兴宾区、金秀瑶族自治县)  萍乡市(上栗县、安源区、芦溪县、湘东区、莲花县)








喀什地区(喀什市、疏勒县、塔什库尔干塔吉克自治县、叶城县、莎车县、英吉沙县、疏附县、麦盖提县、岳普湖县、巴楚县、伽师县、泽普县)








长沙市(浏阳市、望城区、长沙县、宁乡市、天心区、开福区、岳麓区、芙蓉区、雨花区)








临沂市(莒南县、费县、河东区、临沭县、沂水县、蒙阴县、兰山区、沂南县、罗庄区、兰陵县、平邑县、郯城县)商洛市(商南县、镇安县、商州区、丹凤县、柞水县、山阳县、洛南县)








淮南市(大通区、谢家集区、寿县、八公山区、凤台县、潘集区、田家庵区)  黑河市(孙吴县、爱辉区、五大连池市、北安市、嫩江市、逊克县)








宝鸡市(渭滨区、陈仓区、眉县、千阳县、太白县、岐山县、凤县、凤翔区、陇县、金台区、扶风县、麟游县)








广安市(武胜县、岳池县、广安区、前锋区、华蓥市、邻水县)








连云港市(灌南县、连云区、东海县、海州区、赣榆区、灌云县)呼和浩特市(赛罕区、土默特左旗、回民区、托克托县、新城区、和林格尔县、清水河县、武川县、玉泉区)








白银市(靖远县、平川区、会宁县、景泰县、白银区)








日照市(岚山区、东港区、莒县、五莲县)








洛阳市(洛宁县、涧西区、汝阳县、西工区、孟津区、洛龙区、嵩县、宜阳县、伊川县、偃师区、栾川县、新安县、瀍河回族区、老城区)








朝阳市(龙城区、朝阳县、北票市、双塔区、建平县、凌源市、喀喇沁左翼蒙古族自治县)








张家界市(永定区、武陵源区、桑植县、慈利县)








阜阳市(颍州区、界首市、颍东区、颍泉区、临泉县、阜南县、太和县、颍上县)








丹东市(东港市、宽甸满族自治县、凤城市、元宝区、振安区、振兴区)








钦州市(灵山县、钦南区、钦北区、浦北县)








吴忠市(红寺堡区、青铜峡市、盐池县、利通区、同心县)








海北藏族自治州(刚察县、海晏县、祁连县、门源回族自治县)








中山市








铜陵市(义安区、枞阳县、铜官区、郊区)








漯河市(舞阳县、召陵区、郾城区、临颍县、源汇区)








镇江市(扬中市、润州区、句容市、京口区、丹徒区、丹阳市)








黄石市(铁山区、黄石港区、大冶市、阳新县、下陆区、西塞山区)








内蒙古自治区

  美国运通(AmericanExpress)首席财务官ChristopheLeCaillec表示,公司的富裕持卡人几乎没有表现出削减支出的迹象,同时,年轻客户推动了第一季度交易总量的增长。

  公司周四发布报告称,在此期间,美国运通卡的签账业务增长了6%,如果考虑到闰年的影响,调整后的增长率为7%。LeCaillec表示,这表明去年年底的消费增长势头延续到了2025年。

  LeCaillec称,尽管本月由于担心特朗普总统的关税政策会引发经济衰退,美股下跌,但以上趋势在4月份仍在持续。这使得第一季度的盈利超预期,意味着较富裕的客户群体或许能使该公司免受对关税和顽固通胀的担忧的影响。

  美国运通的增长来自年轻持卡人,千禧一代和Z世代会员在本季度的支出增加了14%。而X世代和婴儿潮一代的持卡人则更加谨慎,支出分别增长了5%和1%。

  LeCaillec表示,很难判断持卡人是否像摩根大通高管上周所说的那样,因为即将到来的关税而提前进行购买,从而人为地推高了购买量。但他补充说,一些小企业可能出于对关税会增加成本的担忧提前囤货。

  有一个特别的消费类别让LeCaillec相信这种消费趋势可能会持续下去。“餐厅消费增长了8%。这是一种最典型的可自由支配的消费,你无法提前消费,所以这确实是我们持卡人基础实力以及他们信心的一个很好的指标。”

  港股白酒第一股珍酒李渡日前披露了2024年财报,这也是其在港交所上市后交出的第二份年报,然而这一次的答卷不甚理想。在营收微增0.5%至70.67亿元的情况下,归母净利润却遭遇43.1%的断崖式下滑,仅为13.24亿元,呈现出增收不增利的态势。

  第一增长引擎销量连续4年下滑

  具体来看,2024年珍酒李渡营收出现明显失速,同比微增0.5%,营收增速创下近4年新低。而此前三年珍酒李渡一直处于高歌猛进的阶段,2021年-2023年,其营收增速分别为112.7%、14.8%、20.0%。

  影响营收增速急速下滑的一大原因是核心产品表现不佳。珍酒李渡旗下共有珍酒、李渡、湘窖、开口笑四大品牌,其中珍酒营收贡献占比超6成,是第一增长引擎。

  财报显示,作为公司核心收入来源的珍酒品牌2024年营收44.79亿元,同比下降2.3%,占总营收比重由也65.2%下滑至63.4%。事实上,珍酒的销量已经连续四年出现下滑。2021年至2024年,珍酒的销量分别为14761吨、12856吨、12630吨、12284吨。

  湘窖和开口笑同样表现不佳,营收分别下滑3.7%和12.3%。唯一亮点来自第二大增长引擎李渡,营收同比增长18.3%至13.13亿元。

  2024年,珍酒李渡毛利同比微增1.5%至41.43亿元,毛利率为58.6%,几乎与去年持平,但净利润同比下滑43.1%,这一剧烈波动还是引起了市场的普遍关注。

  对此珍酒李渡给出的解释是,主要受金融工具公允价值变动、股权激励费用等非经营性因素影响。

  据了解,2023年第四季度,珍酒李渡公布了一份股权激励计划,以1港元/股价格向718名核心员工授予1.17亿股,按授出日股价计算,该部分股权总价值达12.20亿港元。

  对于这一业绩表现,董事长吴向东似乎早有准备。“白酒行业很奇怪,赚几年钱,就会下行几年,我都经历了五六次了,习以为常。”他在二月底举行的贵州珍酒50周年庆典暨经销商大会上曾这样说。

  高端化承压,库存高企

  高端化一直是珍酒李渡想要转型的方向。从优化高档酒事业部的组织架构到为发展珍酒的主力单品“珍三十”而单独成立了珍三十事业部,珍酒李渡在高端化上不可谓不努力,吴向东此前还曾透露,珍酒将推出一款对标飞天茅台的年份酒,预计6月前上市。

  但从业绩表现来看,其高端化战略似乎受到了不小的阻力。2024年珍酒李渡高端产品营收17.09亿元,同比下滑10.82%;次高端产品营收29.95亿元,同比增长8.77%;中端及以下产品营收23.63亿元,同比微增0.87%。

  去年高端产品、次高端、中端及以下产品的营收占比分别约24%、42%、33%。次高端和中低端依然是营收主力。

  具体产品来看,李渡品牌营收虽实现了18.3%增长,但其千元价位带的核心产品仍难以突破茅台、五粮液等品牌壁垒。

  同时,珍酒李渡的库存风险不容忽视。2024年,公司存货达到75.03亿元,同比增长17.54%,与2020年的17.37亿元相比,激增332%。

  库存高企可能导致渠道利润压缩,进而影响厂商合作稳定性。虽然2024年珍酒李渡经销商数量增至7635家,但单店年均销售额降至92万元,终端动销效率持续承压。

  东吴证券给出的风险提示就提到,次高端价格及费用竞争加剧,渠道库存消化不及预期等。

  在全行业增速放缓、马太效应凸显的情况下,如何在保持战略定力的同时加速库存周转无疑是珍酒李渡面临的一大挑战。但持续优化产品矩阵,同时灵活调整渠道策略也正是破局之路。

  在3月业绩说明会上,吴向东表示,白酒行业已经触底,但是拐点难以精准预测,在存量竞争趋势下,品牌化、品质化,将是未来发展的核心要素。

  2025年4月18日,广州瑞立科密汽车电子股份有限公司(下称“瑞立科密”)迎来深交所上市审议的关键时刻。这家自称“商用车主动安全系统龙头”的企业,IPO进程却因信披矛盾、财务数据争议及关联交易疑云深陷舆论漩涡。从招股书低级错误到业绩“注水”质疑,从关联方利益输送到估值泡沫争议,瑞立科密的上市之路堪称一场“带病闯关”的

  信披质量如何?

  瑞立科密的招股书质量暴露了公司治理与中介机构执业能力的双重漏洞。核心问题集中在信披不实与数据矛盾:

  分红信息“消失”数据。

  2023年12月26日,瑞立科密披露的第一版招股书显示,2021年,该公司曾现金分红4100万元,而当期净利润为1.99亿元。2024年6月29日,瑞立科密披露的第二版招股书显示,2021—2023年,该公司的现金分红金额均为0元,并且在此后更新的招股书中,2021年现金分红均为0元。

  招股书低级错误频现,保荐机构中信证券执业质量受拷问。

  在最新招股书中,瑞立科密将“2024年12月31日”误写为“204.12.31”,且保荐人中信证券未发现该错误。此类低级失误暴露信披审核流于形式。

  在审核中心意见落实函中,深交所指出,瑞立科密在招股书“风险因素”部分,虽然对公司面临的风险进行了披露,但部分信息披露有待完善。深交所要求该公司结合实际情况,全面梳理风险披露情况,对风险因素进行定性、定量分析论证。

  此外,招股书数据疑似与官方口径存出入。

  2022年10月15日,瑞立科密在其官网发布题为《瑞立科密这十年》的文章,回顾了公司过去十年的发展成就。文章宣称:“从2012年近10万套的ABS产销量,到2022年预计实现产销量超200万套”。根据瑞立科密招股书(上会稿),2022年瑞立科密气压电控制动系统销量为59.21万套,液压电控制动系统销量为49.95万套,两者合计仅109.16万套,远低于官方宣传中“超200万套”的预期目标。

  业务模式隐忧:关联交易输血、业绩波动

  瑞立科密的业务增长背后,暗藏结构性风险与市场天花板:

  关联交易撑起半壁江山,独立性存疑:

  控股股东瑞立集团长期身兼第一大客户与供应商双重角色。2021-2023年,瑞立科密向瑞立集团采购金额占营业成本最高达12.88%,关联销售占比一度达27.8%。尽管2023年后瑞立集团退出前五大客户,但应收账款余额仍高达2.67亿元,占应收账款总额的39.21%,被质疑通过关联方虚增收入。

  商用车周期波动与业绩“过山车。公司核心产品气压电控系统高度依赖商用车市场,2022年因商用车销量暴跌31.14%,其收入锐减30.76%,净利润腰斩至0.97亿元。尽管2023年业绩反弹,但商用车年销量已从2020年峰值513万辆降至403万辆,行业天花板触手可及。值得一提的是,深交所多次发函要求瑞立科密量化分析原材料价格波动风险。公司最终补充披露:若芯片、铝锭涨价5%,毛利率将下降2.84%-2.06%。

  注:此文为AI工具生成,不构成任何投资建议。

五月天色图,探索的靠谱www网址的相关文章 外国公司暂停撤离俄罗斯的计划的相关文章
46名外籍女子被拐卖入境卖给单身男
利物浦官宣与33岁范戴克续约2年
黄仁勋再访北京 没穿皮衣改穿西装
贵州纪委原副书记张平贪4772万受审
武契奇:天塌下来我也要去见普京
习近平会见柬埔寨国王西哈莫尼
商务部:敦促美方立即停止极限施压
外交部:245%怎么来的要问美方
儿媳每月给婆婆3000元感谢其帮带娃
海陆为李晟拿到第一感到高兴
未来三天南方地区多降雨
汤臣倍健:公司暂未与敦煌网合作
  • 友情链接:
  • 中纪委老将率队赴昆明 市委书记表态 美媒:特朗普关税砸碎好莱坞复苏希望 南昌一楼盘房价打4折?售楼部回应 高圆圆吃糖耳朵直呼帕梅拉白练 女子重度抑郁治愈送999朵玫瑰谢医生 何立峰会见英伟达CEO黄仁勋 媒体:鸡蛋价格上涨但空间有限 中国在关税较量中被指有多张王牌 美国人喜欢的“三蹦子”可能要断货了 阿媒:AI将成中国孩子的必修课 霸王茶姬美股IPO定价每股28美元

    查看更多评价 ∨