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
用电动牙刷放在MM位置是什么感觉|绝对不容错过的视觉盛宴!
随机图片

用电动牙刷放在MM位置是什么感觉|绝对不容错过的视觉盛宴!

更新时间: 浏览次数: 524

400电话:123456(点击咨询)
用电动牙刷放在MM位置是什么感觉|绝对不容错过的视觉盛宴!各观看免费《今日汇总》
用电动牙刷放在MM位置是什么感觉|绝对不容错过的视觉盛宴!各热线观看免费2025已更新(2025已更新)








用电动牙刷放在MM位置是什么感觉|绝对不容错过的视觉盛宴!观看免费电话:(1)123456(点击咨询)(2)123456(点击咨询)








用电动牙刷放在MM位置是什么感觉|绝对不容错过的视觉盛宴!观看免费热线(1)123456(点击咨询)(2)123456(点击咨询)




用电动牙刷放在MM位置是什么感觉|绝对不容错过的视觉盛宴!各区点热线观看免费《今日发布》
Random Image 用电动牙刷放在MM位置是什么感觉|绝对不容错过的视觉盛宴!电话








7天观看免费人工电话为您、用电动牙刷放在MM位置是什么感觉|绝对不容错过的视觉盛宴!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,








用电动牙刷放在MM位置是什么感觉|绝对不容错过的视觉盛宴!各观看免费《今日汇总》2025已更新(今日/推荐)








用电动牙刷放在MM位置是什么感觉|绝对不容错过的视觉盛宴!电话区域:








天水市(秦安县、清水县、武山县、甘谷县、秦州区、张家川回族自治县、麦积区)








潮州市(潮安区、湘桥区、饶平县)








沈阳市(康平县、沈北新区、浑南区、皇姑区、新民市、和平区、苏家屯区、法库县、铁西区、沈河区、大东区、辽中区、于洪区)








潍坊市(青州市、临朐县、诸城市、昌邑市、寒亭区、寿光市、潍城区、安丘市、高密市、坊子区、奎文区、昌乐县)  海北藏族自治州(门源回族自治县、海晏县、刚察县、祁连县)








鄂尔多斯市(乌审旗、达拉特旗、东胜区、鄂托克前旗、鄂托克旗、康巴什区、杭锦旗、伊金霍洛旗、准格尔旗)








茂名市(电白区、化州市、茂南区、信宜市、高州市)








揭阳市(揭东区、惠来县、普宁市、揭西县、榕城区)漯河市(召陵区、源汇区、郾城区、临颍县、舞阳县)








驻马店市(确山县、泌阳县、正阳县、平舆县、上蔡县、驿城区、新蔡县、遂平县、汝南县、西平县)  贵港市(港北区、平南县、港南区、桂平市、覃塘区)








辽阳市(太子河区、辽阳县、文圣区、白塔区、弓长岭区、宏伟区、灯塔市)








锦州市(古塔区、黑山县、北镇市、凌海市、义县、太和区、凌河区)








运城市(稷山县、夏县、永济市、闻喜县、垣曲县、盐湖区、临猗县、河津市、万荣县、平陆县、新绛县、绛县、芮城县)








通化市(柳河县、通化县、集安市、二道江区、辉南县、东昌区、梅河口市)








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








七台河市(桃山区、新兴区、茄子河区、勃利县)








廊坊市(霸州市、固安县、文安县、广阳区、永清县、大厂回族自治县、安次区、香河县、三河市、大城县)








景德镇市(乐平市、昌江区、珠山区、浮梁县)








舟山市(普陀区、定海区、岱山县、嵊泗县)








亳州市(涡阳县、利辛县、谯城区、蒙城县)








梧州市(长洲区、苍梧县、万秀区、藤县、龙圩区、岑溪市、蒙山县)








铜陵市(义安区、枞阳县、铜官区、郊区)








阿克苏地区(温宿县、柯坪县、沙雅县、新和县、乌什县、拜城县、阿克苏市、阿瓦提县、库车市)








金华市(浦江县、金东区、兰溪市、武义县、永康市、磐安县、东阳市、婺城区、义乌市)








固原市(彭阳县、泾源县、西吉县、原州区、隆德县)








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








淮安市(盱眙县、淮阴区、金湖县、洪泽区、清江浦区、涟水县、淮安区)








邢台市(襄都区、柏乡县、宁晋县、临西县、隆尧县、新河县、内丘县、清河县、南和区、广宗县、平乡县、巨鹿县、临城县、信都区、任泽区、南宫市、威县、沙河市)








阜阳市(颍上县、颍州区、界首市、阜南县、颍泉区、太和县、颍东区、临泉县)
400电话:123456(点击咨询)
用电动牙刷放在MM位置是什么感觉|绝对不容错过的视觉盛宴!各观看免费《今日汇总》《今日发布》
用电动牙刷放在MM位置是什么感觉|绝对不容错过的视觉盛宴!各观看免费《今日汇总》(2025已更新)








用电动牙刷放在MM位置是什么感觉|绝对不容错过的视觉盛宴!观看免费电话:(1)123456(点击咨询)(2)123456(点击咨询)








用电动牙刷放在MM位置是什么感觉|绝对不容错过的视觉盛宴!观看免费热线(1)123456(点击咨询)(2)123456(点击咨询)




用电动牙刷放在MM位置是什么感觉|绝对不容错过的视觉盛宴!各观看免费《今日汇总》【2025已更新列表】
用电动牙刷放在MM位置是什么感觉|绝对不容错过的视觉盛宴!电话








7天观看免费人工电话为您、用电动牙刷放在MM位置是什么感觉|绝对不容错过的视觉盛宴!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,








用电动牙刷放在MM位置是什么感觉|绝对不容错过的视觉盛宴!中心2025已更新(今日/推荐)








用电动牙刷放在MM位置是什么感觉|绝对不容错过的视觉盛宴!电话区域:








威海市(环翠区、乳山市、荣成市、文登区)








文山壮族苗族自治州(麻栗坡县、西畴县、砚山县、丘北县、富宁县、文山市、马关县、广南县)








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








益阳市(资阳区、沅江市、赫山区、桃江县、南县、安化县)  通辽市(扎鲁特旗、科尔沁左翼后旗、霍林郭勒市、库伦旗、奈曼旗、开鲁县、科尔沁区、科尔沁左翼中旗)








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








菏泽市(东明县、牡丹区、单县、郓城县、成武县、曹县、鄄城县、巨野县、定陶区)








大庆市(让胡路区、肇源县、龙凤区、萨尔图区、大同区、杜尔伯特蒙古族自治县、红岗区、林甸县、肇州县)海口市(秀英区、龙华区、美兰区、琼山区)








阿坝藏族羌族自治州(松潘县、马尔康市、阿坝县、小金县、汶川县、茂县、若尔盖县、黑水县、红原县、理县、壤塘县、金川县、九寨沟县)  厦门市(同安区、湖里区、海沧区、集美区、翔安区、思明区)








双鸭山市(集贤县、宝清县、四方台区、饶河县、宝山区、友谊县、尖山区、岭东区)








云浮市(新兴县、罗定市、云城区、云安区、郁南县)








吉安市(峡江县、井冈山市、安福县、万安县、吉州区、永丰县、永新县、青原区、泰和县、吉水县、新干县、吉安县、遂川县)莆田市(城厢区、荔城区、秀屿区、涵江区、仙游县)








大理白族自治州(鹤庆县、剑川县、宾川县、云龙县、祥云县、洱源县、漾濞彝族自治县、大理市、弥渡县、巍山彝族回族自治县、南涧彝族自治县、永平县)








南通市(启东市、海安市、通州区、如东县、如皋市、海门区、崇川区)








雅安市(名山区、天全县、芦山县、汉源县、石棉县、宝兴县、荥经县、雨城区)








白山市(临江市、靖宇县、浑江区、江源区、抚松县、长白朝鲜族自治县)








东莞市








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








黔南布依族苗族自治州(罗甸县、瓮安县、福泉市、荔波县、龙里县、三都水族自治县、惠水县、独山县、都匀市、平塘县、贵定县、长顺县)








黄山市(休宁县、祁门县、黄山区、黟县、歙县、徽州区、屯溪区)








宿州市(砀山县、埇桥区、萧县、灵璧县、泗县)








泸州市(叙永县、古蔺县、龙马潭区、合江县、纳溪区、江阳区、泸县)








海东市(民和回族土族自治县、平安区、化隆回族自治县、乐都区、互助土族自治县、循化撒拉族自治县)








伊犁哈萨克自治州(巩留县、伊宁市、特克斯县、察布查尔锡伯自治县、尼勒克县、奎屯市、伊宁县、昭苏县、霍城县、霍尔果斯市、新源县)








滨州市(无棣县、邹平市、沾化区、阳信县、滨城区、惠民县、博兴县)








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








咸宁市(通城县、通山县、崇阳县、赤壁市、嘉鱼县、咸安区)








博尔塔拉蒙古自治州(阿拉山口市、温泉县、博乐市、精河县)

  ■ 刘 萌

  最近一段时间,多个跨国企业加大对华投资,“投资中国”成为越来越多外企的新计划。与此同时,商务部最新公布的数据显示,2025年1月份至3月份,全国新设立外商投资企业12603家,同比增长4.3%;实际使用外资金额2692.3亿元人民币,同比下降10.8%。其中,3月份当月实际使用外资同比增长13.2%。

  3月份实际使用外资为何实现同比跃升,笔者认为,这主要由以下几方面因素促成。

  首先,一系列政策主动发力,稳固外资存量、促进外资增量,增强外资在华投资信心。

  当前,国际投资环境更趋复杂,中国引资挑战与机遇并存。从2月份商务部、国家发展改革委印发《2025年稳外资行动方案》,到3月份《政府工作报告》对“大力鼓励外商投资”作出一系列具体部署,我国引资稳资力度明显加大。

  其次,以人工智能为代表的中国科技火爆出圈,既彰显了中国科技创新的实力,也让更多外资企业看好“投资中国”的前景。

  国家统计局数据显示,3月份,规模以上高技术制造业增加值同比增长10.7%,增速较前两个月进一步提升。

  从实际使用外资数据来看,外资企业在高技术产业相关领域加快布局,进一步融入中国市场。1月份至3月份,高技术产业实际使用外资786.1亿元人民币,其中,生物药品制造业、航空航天器及设备制造业、医疗仪器设备及器械制造业实际使用外资分别增长63.8%、42.5%和12.4%。外资企业正以“真金白银”深度融入中国产业链和创新链。

  最后,我国持续推进高水平对外开放,外资来源地进一步多元化,有效应对了地缘政治风险等外部冲击带来的挑战。

  从外资来源地看,1月份至3月份,东盟地区实际对华投资增长56.2%,欧盟地区实际对华投资增长11.7%,瑞士、英国、日本、韩国实际对华投资分别增长76.8%、60.5%、29.1%和12.9%(含通过自由港投资数据)。

  今年的《政府工作报告》明确,扩大高水平对外开放,积极稳外贸稳外资。无论外部环境如何变化,始终坚持对外开放不动摇,稳步扩大制度型开放,有序扩大自主开放和单边开放,以开放促改革促发展。

  近年来,我国不断缩减外资准入负面清单,已实现制造业领域外资准入限制措施“清零”。日前,服务业扩大开放又迎来新的支持政策,4月18日,商务部印发《加快推进服务业扩大开放综合试点工作方案》和新一轮服务业扩大开放综合试点任务清单,进一步发挥试点地区先行先试作用,推动服务业开放提速加力。

  随着一系列政策措施落地见效,“投资中国”前景一片大好,中国将不断巩固全球投资热土的地位。

  来源:金融界

  曾被誉为“心血管第一股”的乐普医疗,如今正面临上市16年以来的最严峻考验。2024年年报显示,公司归属净利润同比暴跌逾八成,创下自2009年上市以来的最差业绩。与此同时,公司三大核心业务板块全面下滑,资产减值损失成为拖累业绩的“黑洞”。在控股股东之女蒲绯接棒总经理之位后,乐普医疗能否在战略转型中寻得生机,成为市场关注的焦点。

  净利暴跌80%:上市16年最差业绩背后的“断崖式”下滑

  乐普医疗的业绩颓势并非一朝一夕。2022年,公司净利润达到22.04亿元的历史峰值,但随后便急转直下。2023年,公司营收、净利双降,净利润同比下滑42.91%。而2024年的财报更是令人咋舌:全年实现营业收入61.03亿元,同比下降23.52%;归属净利润仅2.47亿元,同比暴跌80.37%;扣非后净利润2.21亿元,降幅同样高达80.28%。这一数据不仅创下公司上市以来的最低纪录,更让市场对其未来增长潜力充满疑虑。

  进入2025年,乐普医疗的颓势仍未止步。一季报显示,公司一季度营收17.36亿元,同比下降9.67%;归属净利润3.79亿元,降幅21.44%。连续两年的业绩下滑,叠加2024年的“断崖式”暴跌,乐普医疗的财务健康度已亮起红灯。

  资产减值成“杀手锏”:商誉、存货、无形资产集体“爆雷”

  乐普医疗2024年业绩暴雷的导火索,正是大规模的资产减值损失。年报显示,公司商誉和其他特定资产共发生减值损失2.51亿元,直接拖累归属净利润2.17亿元。其中,收购博思美形成的商誉减值5928.22万元,乐普装备商誉减值366.56万元。截至一季度末,公司账上商誉余额仍高达36.2亿元,未来减值风险犹存。

  存货跌价准备同样惊人。公司及子公司计提存货跌价准备约1.68亿元,其中检测类产品存货减值1.36亿元。此外,自研新冠POCT无形资产减值1578.97万元,艾塞那肽及奈西立肽药品技术因研发中止全额计提减值3679.24万元。若剔除资产减值影响,公司扣非净利润约为4.38亿元,但仍较上年同期下降64.94%。

  三大板块全线溃败:集采重压、市场萎缩下的战略收缩

  乐普医疗的三大业务板块——医疗器械、药品、医疗服务及健康管理,在2024年均遭遇重创。

  医疗器械板块作为收入支柱,2024年实现营收33.26亿元,同比下降9.47%。尽管心血管植介入业务仍是核心,但体外诊断、外科麻醉等细分领域增长乏力,反映出公司在创新产品迭代上的滞后。

  药品板块的下滑更为惨烈。2024年,该板块营收17.58亿元,同比暴跌42.25%。其中,制剂(仿制药)收入14.09亿元,降幅达46.5%。乐普医疗解释称,核心产品纳入国家集采后,公司主动调整策略转向OTC零售端,但受“四同药品”价格治理影响,院内医保药品价格向院外传导,非医保药品价格同步承压,导致OTC终端销售受阻。尽管公司表示零售端发货已逐步恢复,但仿制药业务的长期前景仍不容乐观。

  医疗服务及健康管理板块亦未能幸免,2024年营收10.19亿元,同比下降19.24%。实体药店行业景气度下行、市场竞争加剧,进一步压缩了该板块的盈利空间。

  创二代接棒:战略转型能否力挽狂澜?

  面对业绩困局,乐普医疗自2024年9月起启动管理层换血。控股股东、实际控制人蒲忠杰之女蒲绯接任总经理,标志着公司进入“创二代”掌舵时代。乐普医疗表示,未来将动态调整各业务板块战略:

  1.药品业务:逐步缩减仿制药投入,重点布局心血管创新药及皮肤科注射类产品;

  2.消费医疗:战略性拓展眼科等高增长领域,优化竞争激烈的红海业务;

  3.医疗器械:加速创新产品研发,提升高附加值产品占比。

  然而,转型之路充满挑战。创新药研发周期长、投入大,而眼科等消费医疗领域已涌入众多竞争者。乐普医疗能否在资源有限的情况下实现“弯道超车”,仍需时间检验。

  行业观察:集采常态化下的生存法则

  乐普医疗的困境并非个例。随着集采政策常态化,医疗器械、药品行业正经历深刻变革。企业需在成本控制、创新研发、市场多元化之间寻找平衡点。乐普医疗的案例警示行业:过度依赖单一业务或产品,可能在政策变动中陷入被动。

  对于投资者而言,乐普医疗的估值已跌至历史低位,但业绩反转的确定性仍存疑。公司能否通过战略调整重获增长动能,不仅关乎自身命运,也将为行业转型提供重要参考。

  从巅峰到低谷,乐普医疗的业绩“过山车”折射出医药行业变革的残酷性。创二代蒲绯的接棒,承载着市场对其“刮骨疗毒”的期待。在集采重压、资产减值、市场竞争加剧的多重夹击下,乐普医疗的破局之路,或许唯有通过创新驱动、结构优化和战略定力,方能重拾昔日荣光。这场生死局,注定是一场与时间赛跑的攻坚战。

  格隆汇4月21日|受美国主导的贸易战影响,金价周一再度刷新纪录高位,未来几天将公布的数据可能突显全球经济受损的早期迹象。随着美元下跌,现货黄金攀升至3370美元以上。本周二,国际货币基金组织将发布《世界经济展望》报告,预计届时将在新的预测中下调经济增长前景,而次日的美国PMI数据将提供自美国总统特朗普推动征收关税以来的经济活动概貌。由于贸易冲突扰乱了全球市场,打击了对风险资产的兴趣,同时加速了对避险资产的追捧,金价今年连续飙升至创纪录水平。过去12周,黄金ETF持有量连续扩大,为2022年以来最长的持续时间。各国央行也一直在增持黄金,支撑着强劲的全球需求。

新闻结尾 用电动牙刷放在MM位置是什么感觉|绝对不容错过的视觉盛宴!的相关文章
网传大量「人造蛋」流入市场
openai官宣400亿美元最新融资
SEER 禁止中国用户使用
为什么很多年轻人喜欢刘晓庆
伊藤美诚4比2大藤沙月
你常吃的这种面包是促炎高手
  • 友情链接:
  • 男子涉嫌强奸女技师案双方发声 叶童当面拒绝陈德容加入 喜剧女演员“天残”生日当天身亡

    查看更多评价 ∨