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表妺好紧竟然流水了小说_体验前所未有的观影盛宴,带你领略电影的魅力!
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表妺好紧竟然流水了小说_体验前所未有的观影盛宴,带你领略电影的魅力!

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表妺好紧竟然流水了小说_体验前所未有的观影盛宴,带你领略电影的魅力!总部400人工服务热线(各区指定/24小时)网点报修中心:(1)123456(点击咨询)(2)123456(点击咨询)









表妺好紧竟然流水了小说_体验前所未有的观影盛宴,带你领略电影的魅力!总部400人工服务热线(各区指定/24小时)网点报修中心(1)123456(点击咨询)(2)123456(点击咨询)





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表妺好紧竟然流水了小说_体验前所未有的观影盛宴,带你领略电影的魅力!总部400人工服务热线(各区指定/24小时)网点报修中心









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表妺好紧竟然流水了小说_体验前所未有的观影盛宴,带你领略电影的魅力!总部400人工服务热线(各区指定/24小时)网点报修中心:

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吕梁市(汾阳市、孝义市、岚县、兴县、交口县、交城县、临县、文水县、离石区、方山县、柳林县、中阳县、石楼县)  乌兰察布市(察哈尔右翼前旗、兴和县、丰镇市、集宁区、化德县、察哈尔右翼中旗、凉城县、卓资县、商都县、四子王旗、察哈尔右翼后旗)









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抚顺市(新宾满族自治县、顺城区、望花区、抚顺县、清原满族自治县、东洲区、新抚区)









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









连云港市(海州区、连云区、赣榆区、灌南县、灌云县、东海县)









晋中市(榆次区、太谷区、寿阳县、左权县、和顺县、介休市、榆社县、祁县、平遥县、昔阳县、灵石县)









眉山市(彭山区、丹棱县、青神县、东坡区、仁寿县、洪雅县)

  2025年4月23日,扬州天富龙集团股份有限公司(以下简称“天富龙”)将要上会。天富龙冲刺IPO的背后,不仅是实控人家族的财富扩张史,也是一张由环保隐患、财务依赖和治理漏洞编织的风险网络。

  实控人家族“掏空术”:5.4亿元套现与93.9%绝对控制权

  天富龙成立于2009年,是一家高新技术企业,主要业务为差别化涤纶短纤维的研发、制造与销售,旗下拥有再生有色涤纶短纤维和差别化复合纤维两大系列产品。

  朱氏家族通过复杂的股权设计和资本运作,构建了一个高度封闭的商业帝国。实控人朱大庆、陈慧夫妇直接持股79.3%,通过与侄子朱兴荣的一致行动协议,实际控制公司93.9%的表决权。

  董事会9席中,朱氏家族占据3席(朱大庆、朱兴荣、女儿陈雪),其余6名董事均由家族提名,形成“一言堂”决策结构。

  更值得警惕的是,朱氏家族在IPO前夕通过资产重组完成巨额套现。2020年,朱大庆将旗下威英化纤以2.43亿元卖给天富龙,而此前两个月该子公司突击分红3亿元流入家族口袋。这一操作使朱氏家族套现5.43亿元。

  此外,公司并通过个人账户代发员工年终奖1800万元,暴露内控缺陷。

  募资合理性悖论:账上7.6亿现金为何再募7.9亿?

  天富龙的原料采购体系存在重大隐患:再生PET原料90%以上依赖个体工商户,2024年上半年个体户采购占比升至27.54%。2021年到2024年上半年,个体户采购金额分别为6,909万元、5,603万元、7,496万元和4,578万元,占再生PET原料采购总额的20%左右,2024年上半年更高达27.54%。

  天富龙预付款项异常暴增,2021年至2024年上半年,预付款项分别为2,449万元、2,579万元、2,216万元和2,610万元。公司解释称,这些预付款项主要用于向供应商支付原料定金。问题是,是否也向个体户支付预付款?

  截至2024年底,天富龙账面货币资金7.6亿元,资产负债率仅10.32%,流动比率6.85,有息负债基本为0。公司此前突击分红3亿元,与募资行为形成矛盾。 

  更蹊跷的是,天富龙曾计划募资10.9亿元,但在问询压力下砍掉3亿元补流项目,暴露随意性。

  注:本文创作借助AI工具收集整理市场数据和行业信息,结合辅助观点分析和撰写成文。

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