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
狼王脔到她乖H粗话H_学长的温柔宠溺让人沦陷
随机图片

狼王脔到她乖H粗话H_学长的温柔宠溺让人沦陷

更新时间: 浏览次数: 622

400电话:123456(点击咨询)
狼王脔到她乖H粗话H_学长的温柔宠溺让人沦陷各观看免费《今日汇总》
狼王脔到她乖H粗话H_学长的温柔宠溺让人沦陷各热线观看免费2025已更新(2025已更新)








狼王脔到她乖H粗话H_学长的温柔宠溺让人沦陷观看免费电话:(1)123456(点击咨询)(2)123456(点击咨询)








狼王脔到她乖H粗话H_学长的温柔宠溺让人沦陷观看免费热线(1)123456(点击咨询)(2)123456(点击咨询)




狼王脔到她乖H粗话H_学长的温柔宠溺让人沦陷各区点热线观看免费《今日发布》
Random Image 狼王脔到她乖H粗话H_学长的温柔宠溺让人沦陷电话








7天观看免费人工电话为您、狼王脔到她乖H粗话H_学长的温柔宠溺让人沦陷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,








狼王脔到她乖H粗话H_学长的温柔宠溺让人沦陷各观看免费《今日汇总》2025已更新(今日/推荐)








狼王脔到她乖H粗话H_学长的温柔宠溺让人沦陷电话区域:








克孜勒苏柯尔克孜自治州(阿克陶县、乌恰县、阿合奇县、阿图什市)








凉山彝族自治州(普格县、盐源县、木里藏族自治县、布拖县、喜德县、宁南县、金阳县、德昌县、会东县、会理市、冕宁县、美姑县、西昌市、甘洛县、雷波县、昭觉县、越西县)








日照市(莒县、岚山区、东港区、五莲县)








中山市  三明市(沙县区、三元区、永安市、明溪县、清流县、大田县、将乐县、建宁县、泰宁县、尤溪县、宁化县)








益阳市(桃江县、赫山区、南县、沅江市、资阳区、安化县)








钦州市(灵山县、浦北县、钦北区、钦南区)








揭阳市(榕城区、普宁市、揭东区、揭西县、惠来县)南阳市(镇平县、社旗县、桐柏县、方城县、新野县、宛城区、邓州市、西峡县、卧龙区、内乡县、淅川县、唐河县、南召县)








阿坝藏族羌族自治州(阿坝县、金川县、汶川县、松潘县、九寨沟县、黑水县、小金县、壤塘县、马尔康市、若尔盖县、茂县、理县、红原县)  保山市(腾冲市、昌宁县、龙陵县、施甸县、隆阳区)








赣州市(石城县、安远县、瑞金市、信丰县、章贡区、宁都县、全南县、龙南市、定南县、大余县、会昌县、寻乌县、南康区、兴国县、于都县、崇义县、赣县区、上犹县)








上饶市(万年县、广信区、余干县、信州区、婺源县、鄱阳县、横峰县、弋阳县、广丰区、玉山县、铅山县、德兴市)








宣城市(绩溪县、广德市、泾县、郎溪县、宣州区、旌德县、宁国市)








德宏傣族景颇族自治州(瑞丽市、陇川县、芒市、梁河县、盈江县)








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








黔西南布依族苗族自治州(望谟县、安龙县、册亨县、普安县、晴隆县、贞丰县、兴仁市、兴义市)








黄南藏族自治州(同仁市、河南蒙古族自治县、泽库县、尖扎县)








新余市(渝水区、分宜县)








塔城地区(乌苏市、托里县、和布克赛尔蒙古自治县、裕民县、沙湾市、额敏县、塔城市)








淄博市(沂源县、桓台县、高青县、临淄区、淄川区、博山区、周村区、张店区)








甘孜藏族自治州(稻城县、九龙县、甘孜县、得荣县、德格县、新龙县、石渠县、巴塘县、道孚县、乡城县、理塘县、雅江县、泸定县、康定市、丹巴县、炉霍县、色达县、白玉县)








黑河市(孙吴县、嫩江市、逊克县、五大连池市、北安市、爱辉区)








西双版纳傣族自治州(勐海县、勐腊县、景洪市)








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








昆明市(安宁市、官渡区、石林彝族自治县、嵩明县、盘龙区、富民县、禄劝彝族苗族自治县、五华区、晋宁区、呈贡区、寻甸回族彝族自治县、宜良县、西山区、东川区)








孝感市(孝南区、孝昌县、云梦县、汉川市、应城市、大悟县、安陆市)








天水市(清水县、甘谷县、秦州区、张家川回族自治县、秦安县、麦积区、武山县)








怒江傈僳族自治州(福贡县、兰坪白族普米族自治县、泸水市、贡山独龙族怒族自治县)








阜新市(海州区、新邱区、细河区、清河门区、阜新蒙古族自治县、太平区、彰武县)
400电话:123456(点击咨询)
狼王脔到她乖H粗话H_学长的温柔宠溺让人沦陷各观看免费《今日汇总》《今日发布》
狼王脔到她乖H粗话H_学长的温柔宠溺让人沦陷各观看免费《今日汇总》(2025已更新)








狼王脔到她乖H粗话H_学长的温柔宠溺让人沦陷观看免费电话:(1)123456(点击咨询)(2)123456(点击咨询)








狼王脔到她乖H粗话H_学长的温柔宠溺让人沦陷观看免费热线(1)123456(点击咨询)(2)123456(点击咨询)




狼王脔到她乖H粗话H_学长的温柔宠溺让人沦陷各观看免费《今日汇总》【2025已更新列表】
狼王脔到她乖H粗话H_学长的温柔宠溺让人沦陷电话








7天观看免费人工电话为您、狼王脔到她乖H粗话H_学长的温柔宠溺让人沦陷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,








狼王脔到她乖H粗话H_学长的温柔宠溺让人沦陷中心2025已更新(今日/推荐)








狼王脔到她乖H粗话H_学长的温柔宠溺让人沦陷电话区域:








拉萨市(当雄县、城关区、达孜区、墨竹工卡县、曲水县、堆龙德庆区、尼木县、林周县)








三门峡市(义马市、灵宝市、陕州区、渑池县、卢氏县、湖滨区)








太原市(尖草坪区、万柏林区、阳曲县、小店区、迎泽区、娄烦县、杏花岭区、晋源区、古交市、清徐县)








阿里地区(措勤县、噶尔县、普兰县、革吉县、札达县、改则县、日土县)  龙岩市(漳平市、连城县、长汀县、永定区、武平县、新罗区、上杭县)








大同市(云州区、浑源县、阳高县、广灵县、灵丘县、平城区、新荣区、左云县、天镇县、云冈区)








吉林市(蛟河市、永吉县、昌邑区、磐石市、丰满区、船营区、舒兰市、龙潭区、桦甸市)








果洛藏族自治州(达日县、久治县、玛沁县、班玛县、玛多县、甘德县)深圳市(南山区、坪山区、盐田区、福田区、光明区、龙华区、龙岗区、宝安区、罗湖区)








新疆维吾尔自治区  庆阳市(华池县、庆城县、环县、宁县、正宁县、西峰区、镇原县、合水县)








泰州市(泰兴市、兴化市、姜堰区、靖江市、海陵区、高港区)








商洛市(镇安县、商南县、洛南县、商州区、柞水县、山阳县、丹凤县)








宿迁市(泗阳县、宿城区、泗洪县、宿豫区、沭阳县)滨州市(无棣县、邹平市、滨城区、阳信县、沾化区、惠民县、博兴县)








宁波市(鄞州区、奉化区、慈溪市、宁海县、镇海区、象山县、北仑区、海曙区、余姚市、江北区)








福州市(罗源县、平潭县、闽侯县、闽清县、晋安区、永泰县、鼓楼区、仓山区、福清市、台江区、长乐区、马尾区、连江县)








肇庆市(德庆县、四会市、端州区、广宁县、鼎湖区、封开县、高要区、怀集县)








辽阳市(宏伟区、弓长岭区、太子河区、白塔区、文圣区、辽阳县、灯塔市)








舟山市(普陀区、岱山县、定海区、嵊泗县)








秦皇岛市(青龙满族自治县、海港区、北戴河区、昌黎县、山海关区、卢龙县、抚宁区)








潍坊市(寒亭区、诸城市、昌乐县、寿光市、昌邑市、高密市、坊子区、青州市、潍城区、奎文区、安丘市、临朐县)








盐城市(射阳县、阜宁县、东台市、响水县、建湖县、亭湖区、滨海县、盐都区、大丰区)








郑州市(新郑市、上街区、新密市、二七区、惠济区、荥阳市、登封市、管城回族区、中牟县、巩义市、金水区、中原区)








丽水市(庆元县、缙云县、松阳县、遂昌县、莲都区、云和县、龙泉市、景宁畲族自治县、青田县)








云浮市(郁南县、新兴县、云安区、云城区、罗定市)








昌都市(丁青县、卡若区、贡觉县、类乌齐县、察雅县、左贡县、边坝县、芒康县、洛隆县、江达县、八宿县)








开封市(祥符区、通许县、禹王台区、顺河回族区、鼓楼区、尉氏县、龙亭区、兰考县、杞县)








榆林市(榆阳区、米脂县、靖边县、神木市、清涧县、佳县、横山区、子洲县、府谷县、定边县、绥德县、吴堡县)








湘潭市(湘潭县、岳塘区、韶山市、雨湖区、湘乡市)








焦作市(解放区、修武县、博爱县、温县、孟州市、武陟县、山阳区、马村区、沁阳市、中站区)

        青海春天(600381.SH,ST春天(3.750,-0.20,-5.06%))股价连跌三天,跌幅超过14%,

        4月16日至18日,青海春天股价连续大幅下跌,这或是因为一份关于公司的审计报告。

        4月17日,青海春天发布公告,公司年审会计师对其业绩表现进行了质疑。

        其中,2024年四季度,特别是12月份,青海春天酒水营业收入异常增长,占全年该业务销售收入的50%左右。年审会计师认为,这一增长缺乏商业合理性。

        年审会计师还表示,初步认定青海春天经调整或者扣除后的营业收入将不足人民币3亿元,将触发《上海证券交易所股票上市规则》规定的财务类退市风险警示。

        一家上市公司财务人员向长江商报记者表示,青海春天的年审会计师已对其年度报告真实性表示质疑,如果审计内容属实,该公司存在粉饰业绩等问题。

        2024年四季度收入预增111%

        2024年3月15日,央视315晚会曝光最高卖到5.86万元一瓶的听花酒,其标榜功效神奇,但该酒的国际专利未被认定。

        而听花酒是青海春天旗下产品,随后公司在成都、北京和西藏的子公司分别被罚,公司业绩也受到影响。

        2024年前三季度,青海春天实现营业收入1.98亿元,同比增长23.22%;净利润亏损9045.18万元,上年同期亏损7033.12万元。

        彼时,青海春天表示,如果公司经审计的利润总额、净利润或者扣除非经常性损益后的净利润孰低者为负值且营业收入低于3亿元,公司股票将会被实施退市风险警示。

        2025年1月,青海春天发布的2024年业绩预告显示,公司预计2024年利润总额为亏损1.37亿至1.66亿元、归属于上市公司股东的净利润为亏损1.45亿至1.74亿元、归属于上市公司股东扣除非经常性损益后的净利润为亏损1.17亿至1.46亿元。

        至此,青海春天连续5年亏损。

        不过,长江商报记者注意到,业绩预告中,青海春天介绍,公司预计2024年实现营业收入为3.11亿至3.39亿元,扣除与主营业务无关的业务收入和不具备商业实质的收入后的营业收入为3.05亿至3.33亿元。

        由此计算,2024年四季度,青海春天实现营业收入为1.13亿至1.41亿元,与上年同期相比增长111.62%至164.53%。

        一家上市公司财务人员向长江商报记者表示,青海春天同时满足“净利润为负”和“营收低于3亿元”时,才会导致公司ST,“该公司四季度收入大幅增长,导致公司避免被实施退市风险警示”。

        单季营收增长缺乏商业合理性

        4月17日,青海春天发布公告,公司收到担任公司2024年度审计工作的政旦志远(深圳)会计师事务所(特殊普通合伙)(简称“年审会计师”)《关于青海春天药用资源科技股份有限公司2024年度财务报表审计阶段性说明》。

        该说明中年审会计师对青海春天的业绩表现进行了质疑。

        数据显示,2024年四季度,特别是12月份,青海春天酒水营业收入异常增长,占全年该业务销售收入的50%左右。

        年审会计师认为,这一增长“缺乏商业合理性”。首先,在整体消费需求下行、公司白酒市场规模有限且非稀缺商品的情况下,经销商大规模提前采购不符合行业常规。其次,部分客户12月销售异常增长,期后仍有大量库存,且公司经销商协议存在退货相关约定,退货风险难以判断。如众香国、苏州金独花等公司客户2024年12月销售异常增长,但期后销售比例较低,存在年底突击发货确认收入的嫌疑。

        此外,年审会计师也注意到,青海春天2024年1月对成都听花令一次性确认销售收入2654.83万元,而该客户截至2024年底大部分酒水尚未实现对外销售。该部分收入所涉及的金额大概为6810.76万元。

        该说明中还表示,青海春天2024年冬虫夏草销售收入1.52亿元,其中11—12月销售大幅增长,占全年该品类业务销售收入的50%左右,且销售形成大额应收账款5687.23万元。冬虫夏草销售实施分期付款交易属于2024年度新增销售模式,与行业及公司2023年度现款现货的交易习惯不符,不具备商业合理性。

        曾收上交所监管工作函

        实际上,青海春天发布2024年业绩预告后,上交所随即下发监管工作函,要求公司就营业收入真实性等问题作出回复,重点说明2024年四季度业绩大幅增长的原因及合理性、是否存在为规避实施退市风险警示而突击确认收入的情况。

        2月26日,青海春天针对上交所的问询公告回复称,每年的四季度为白酒行业传统的销售旺季,此期间市场需求普遍增长,且2024年四季度公司逐步恢复主要媒体的广告投放、与经销商共同加强线下品鉴会、活动赞助等系列市场营销活动,对符合条件的经销商调整部分支持政策,给予年度激励及季度激励,大大提高经销商的经营积极性。

        青海春天表示,“行业周期叠加上述广告、线下品鉴等营销活动加强、经销商对市场销售预期和经营信心、积极性提高等因素,因此公司酒水销售业务业绩在四季度出现大幅增长是合理的,也符合行业规律,四季度销售业绩的增长,也使得该板块业务2024年的营业收入同比出现大幅度的增长。”

        关于是否存在突击确认收入的情况,青海春天介绍,公司的酒水业务经销商为预收货款进行销售,协议约定不得退货,根据合同约定的交付方式,公司收到货款后,将商品发送至经销商或经销商指定的地址,在核实数量及商品外观进行签收后,确认收入,“不存在未满足收入确认条件而确认收入、年底突击确认的情形”。

        年审会计师表示,根据审计准则的规定,预计会对青海春天2024年度财务报表整体发表无法表示意见或者否定意见的审计意见类型。

        截止到目前,年审会计师表示,根据获取的审计证据,初步认定按照营业收入确认原则及上海证券交易所《营业收入扣除指引》,青海春天经调整或者扣除后的营业收入将不足人民币3亿元,将触发《上海证券交易所股票上市规则》规定的财务类退市风险警示。

        上述上市公司财务人员向长江商报记者表示,青海春天的年审会计师已对其年度报告真实性表示质疑,如果审计内容属实,该公司存在粉饰业绩、信披违规等问题。

《电鳗快报》

  俄罗斯塔斯社周一援引法庭文件称,莫斯科一家法院裁定谷歌公司泄露在乌克兰阵亡俄罗斯军人的个人信息罪名成立。据报道,法院文件称,在YouTube上发布的一段视频,披露了俄罗斯军人在乌克兰阵亡的信息,以及他们的个人数据。

热点栏目自选股数据中心行情中心资金流向模拟交易客户端

  海通国际发布研报称,预计古茗(01364)2025-27年收入各108.4/128.4/144.2亿元,经调净利各18.8/21.9/23.8亿元。参考可比公司,基于古茗相对高成长性和行业领先地位,以及门店快速拓展带来的规模效应、盈利改善,给予古茗2025年25X

  PE,对应合理目标市值506亿港元,合理目标价为24.2港元(对应汇率为HKD/CNY=0.93),首次覆盖给予优大于市评级。

  海通国际主要观点如下:

  公司概况

  4A级全国现制饮品品牌。古茗是全国4A(Available,Adorable,Affordable,Addicted)级现制饮品品牌,把握中国消费者的饮品消费升级大趋势,聚焦中低线城市消费者对新鲜、便利、性价比的饮品消费需求,以供应链为基础,数字化为手段,对重点市场逐个击破,稳扎稳打做全国化扩张。截至2024年末,古茗国内门店数已达9914间,覆盖中国17个省。根据灼识咨询数据,按2023年GMV计,古茗是中国第二大现制茶饮店品牌,市场份额为9.1%;若按价格带划分,古茗是中国最大大众现制茶饮店品牌,市场份额为17.7%。

  现制饮品

  即饮饮料的升级需求,增速领跑中国饮料市场。现制饮品本质上是在经济增长、人均可支配收入提升背景下出现的消费升级需求,是对即饮饮料(瓶装饮料)的部分替代。其通过采用新鲜材料和现制现饮方式提供口感更优且更差异化的产品,通过规模化开店提升便利性,利用先进生产技术和数字化降本增效,以高性价比不断获取市场份额。根据灼识咨询数据和预测,2018-2023年现制饮品行业市场规模年复合增速22.5%,高于中国饮料市场平均的9.4%;预计2023-2028年复合增速17.6%,亦高于同期中国饮料市场平均的10.7%。

  慢即是快,稳固地基托举高质量发展

  不同于其他头部现制饮品品牌的全国规模化发展,古茗自2010年成立以来,开拓门店超万间但仅覆盖全国17个省份,主要集中在华东和华南区域,且尚未涉足海外市场。虽然门店布局区域化,但现存门店质量很高,2023年加盟商店均年经营利润达到37.6万元,经营利润率20.2%,是行业均值的1.5-2.0倍。作为中国现制饮品中门店数仅次于蜜雪冰城和瑞幸咖啡的品牌,古茗供应链基础扎实,运营效率高,且发展空间大。门店拓展方面,古茗选择地域加密策略,专注中低线城市饮品消费升级需求。供应链建设方面,古茗自建完整供应链系统,支持门店的高频冷链配送,把新鲜的原料成本控制得接近常温且品质稳定。在产品上新方面,古茗能在不乏创新的同时以最快且最标准化的方式紧跟主流趋势。门店运营方面,古茗以数字化自动化筑底,加盟商全身心投入提升门店业绩。

  风险提示:经济及消费增长不及预期,现制饮品市场增长放缓,行业竞争加剧,食品安全风险,扩张速度不及预期。

新闻结尾 狼王脔到她乖H粗话H_学长的温柔宠溺让人沦陷的相关文章
要如何评价《鸣潮》的游戏配乐?
要如何评价《鸣潮》的游戏配乐?
美股三大指数收跌 英伟达跌超6%
女友拒赴男方家过年遭捅刺,男友获刑 4 年 3 个月,该案件起到了哪些警示作用?
什么叫代马输卒?纯人力配置下,步兵旅 / 团应该编制什么样的火炮?
王蓉疑似明涵浪姐有剧本
  • 友情链接:
  • 引领中马关系长期稳定发展 美军数架轰炸机抵达日本 可灵 AI 发布 2.0 模型并推出多模态编辑功能,中国视频大模型在全球范围内处于怎样的位置? 被安排在一个得罪人的部门该怎么办?

    查看更多评价 ∨