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
求出处动态图:掌握这三招,让你的社交能力瞬间提升!
随机图片

求出处动态图:掌握这三招,让你的社交能力瞬间提升!

更新时间: 浏览次数: 393

400电话:123456(点击咨询)
求出处动态图:掌握这三招,让你的社交能力瞬间提升!各观看免费《今日汇总》
求出处动态图:掌握这三招,让你的社交能力瞬间提升!各热线观看免费2025已更新(2025已更新)








求出处动态图:掌握这三招,让你的社交能力瞬间提升!观看免费电话:(1)123456(点击咨询)(2)123456(点击咨询)








求出处动态图:掌握这三招,让你的社交能力瞬间提升!观看免费热线(1)123456(点击咨询)(2)123456(点击咨询)




求出处动态图:掌握这三招,让你的社交能力瞬间提升!各区点热线观看免费《今日发布》
Random Image 求出处动态图:掌握这三招,让你的社交能力瞬间提升!电话








7天观看免费人工电话为您、求出处动态图:掌握这三招,让你的社交能力瞬间提升!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,








求出处动态图:掌握这三招,让你的社交能力瞬间提升!各观看免费《今日汇总》2025已更新(今日/推荐)








求出处动态图:掌握这三招,让你的社交能力瞬间提升!电话区域:








武汉市(汉阳区、洪山区、江夏区、江汉区、江岸区、青山区、硚口区、黄陂区、武昌区、新洲区、蔡甸区、东西湖区、汉南区)








宜宾市(江安县、兴文县、筠连县、翠屏区、高县、珙县、叙州区、屏山县、南溪区、长宁县)








巴彦淖尔市(磴口县、杭锦后旗、乌拉特后旗、乌拉特前旗、临河区、五原县、乌拉特中旗)








常德市(津市市、汉寿县、石门县、临澧县、澧县、武陵区、安乡县、桃源县、鼎城区)  衡阳市(耒阳市、蒸湘区、珠晖区、雁峰区、祁东县、石鼓区、常宁市、衡南县、南岳区、衡东县、衡阳县、衡山县)








吕梁市(汾阳市、石楼县、岚县、文水县、离石区、交城县、方山县、孝义市、交口县、柳林县、兴县、中阳县、临县)








南京市(秦淮区、江宁区、六合区、栖霞区、溧水区、鼓楼区、雨花台区、浦口区、建邺区、玄武区、高淳区)








唐山市(玉田县、路南区、滦州市、古冶区、遵化市、迁西县、乐亭县、曹妃甸区、开平区、路北区、丰润区、迁安市、丰南区、滦南县)








崇左市(江州区、宁明县、龙州县、扶绥县、天等县、大新县、凭祥市)  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、循化撒拉族自治县、互助土族自治县)








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








和田地区(于田县、民丰县、策勒县、皮山县、和田县、和田市、墨玉县、洛浦县)








东营市(广饶县、垦利区、东营区、利津县、河口区)








荆门市(沙洋县、钟祥市、东宝区、掇刀区、京山市)








锦州市(太和区、黑山县、凌河区、凌海市、义县、古塔区、北镇市)








深圳市(南山区、宝安区、光明区、坪山区、盐田区、龙岗区、罗湖区、福田区、龙华区)








石家庄市(赵县、平山县、藁城区、裕华区、高邑县、辛集市、新华区、晋州市、正定县、长安区、栾城区、灵寿县、无极县、深泽县、鹿泉区、新乐市、赞皇县、元氏县、桥西区、行唐县、井陉矿区、井陉县)








河池市(宜州区、南丹县、罗城仫佬族自治县、金城江区、巴马瑶族自治县、大化瑶族自治县、天峨县、东兰县、环江毛南族自治县、都安瑶族自治县、凤山县)








海北藏族自治州(刚察县、祁连县、门源回族自治县、海晏县)








蚌埠市(怀远县、禹会区、五河县、固镇县、蚌山区、龙子湖区、淮上区)








鄂州市(鄂城区、梁子湖区、华容区)








来宾市(兴宾区、金秀瑶族自治县、合山市、忻城县、武宣县、象州县)








衡水市(冀州区、深州市、阜城县、饶阳县、景县、武邑县、安平县、故城县、枣强县、桃城区、武强县)








南通市(启东市、如皋市、海安市、崇川区、如东县、海门区、通州区)








宜春市(靖安县、樟树市、奉新县、万载县、铜鼓县、丰城市、高安市、袁州区、宜丰县、上高县)








韶关市(乳源瑶族自治县、新丰县、仁化县、翁源县、曲江区、乐昌市、武江区、南雄市、始兴县、浈江区)








西藏自治区








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








防城港市(上思县、防城区、东兴市、港口区)
400电话:123456(点击咨询)
求出处动态图:掌握这三招,让你的社交能力瞬间提升!各观看免费《今日汇总》《今日发布》
求出处动态图:掌握这三招,让你的社交能力瞬间提升!各观看免费《今日汇总》(2025已更新)








求出处动态图:掌握这三招,让你的社交能力瞬间提升!观看免费电话:(1)123456(点击咨询)(2)123456(点击咨询)








求出处动态图:掌握这三招,让你的社交能力瞬间提升!观看免费热线(1)123456(点击咨询)(2)123456(点击咨询)




求出处动态图:掌握这三招,让你的社交能力瞬间提升!各观看免费《今日汇总》【2025已更新列表】
求出处动态图:掌握这三招,让你的社交能力瞬间提升!电话








7天观看免费人工电话为您、求出处动态图:掌握这三招,让你的社交能力瞬间提升!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,








求出处动态图:掌握这三招,让你的社交能力瞬间提升!中心2025已更新(今日/推荐)








求出处动态图:掌握这三招,让你的社交能力瞬间提升!电话区域:








无锡市(锡山区、梁溪区、江阴市、宜兴市、惠山区、滨湖区、新吴区)








中卫市(中宁县、沙坡头区、海原县)








张掖市(临泽县、山丹县、甘州区、高台县、肃南裕固族自治县、民乐县)








本溪市(本溪满族自治县、平山区、明山区、桓仁满族自治县、溪湖区、南芬区)  松原市(前郭尔罗斯蒙古族自治县、宁江区、长岭县、乾安县、扶余市)








阳泉市(矿区、郊区、平定县、盂县、城区)








通辽市(奈曼旗、库伦旗、霍林郭勒市、科尔沁左翼中旗、开鲁县、科尔沁区、科尔沁左翼后旗、扎鲁特旗)








沈阳市(皇姑区、于洪区、浑南区、大东区、法库县、新民市、沈北新区、苏家屯区、和平区、康平县、铁西区、辽中区、沈河区)昆明市(寻甸回族彝族自治县、盘龙区、西山区、禄劝彝族苗族自治县、晋宁区、宜良县、富民县、呈贡区、嵩明县、五华区、东川区、石林彝族自治县、官渡区、安宁市)








六盘水市(盘州市、水城区、钟山区、六枝特区)  大兴安岭地区(呼玛县、漠河市、塔河县)








曲靖市(会泽县、罗平县、宣威市、麒麟区、沾益区、富源县、马龙区、师宗县、陆良县)








温州市(乐清市、文成县、鹿城区、瑞安市、洞头区、泰顺县、瓯海区、平阳县、永嘉县、苍南县、龙港市、龙湾区)








沧州市(孟村回族自治县、海兴县、青县、沧县、南皮县、任丘市、河间市、吴桥县、泊头市、肃宁县、献县、东光县、运河区、盐山县、黄骅市、新华区)嘉峪关市








临沧市(凤庆县、耿马傣族佤族自治县、沧源佤族自治县、云县、镇康县、永德县、双江拉祜族佤族布朗族傣族自治县、临翔区)








珠海市(金湾区、斗门区、香洲区)








赤峰市(宁城县、巴林左旗、松山区、林西县、巴林右旗、翁牛特旗、克什克腾旗、敖汉旗、喀喇沁旗、元宝山区、阿鲁科尔沁旗、红山区)








淮北市(濉溪县、烈山区、杜集区、相山区)








盘锦市(大洼区、双台子区、兴隆台区、盘山县)








淮南市(谢家集区、八公山区、寿县、田家庵区、大通区、潘集区、凤台县)








哈尔滨市(宾县、通河县、道外区、木兰县、尚志市、延寿县、南岗区、松北区、阿城区、呼兰区、平房区、香坊区、依兰县、五常市、巴彦县、方正县、双城区、道里区)








黄南藏族自治州(泽库县、尖扎县、河南蒙古族自治县、同仁市)








邵阳市(邵东市、新邵县、邵阳县、双清区、新宁县、北塔区、洞口县、绥宁县、城步苗族自治县、大祥区、武冈市、隆回县)








柳州市(城中区、柳江区、融水苗族自治县、柳北区、柳城县、柳南区、融安县、鹿寨县、三江侗族自治县、鱼峰区)








乌鲁木齐市(水磨沟区、新市区、头屯河区、乌鲁木齐县、米东区、达坂城区、天山区、沙依巴克区)








济宁市(任城区、鱼台县、泗水县、汶上县、微山县、邹城市、兖州区、梁山县、嘉祥县、曲阜市、金乡县)








亳州市(涡阳县、利辛县、谯城区、蒙城县)








四平市(双辽市、铁西区、铁东区、梨树县、伊通满族自治县)








肇庆市(广宁县、封开县、高要区、怀集县、德庆县、端州区、四会市、鼎湖区)








成都市(崇州市、青羊区、龙泉驿区、青白江区、新津区、金堂县、简阳市、双流区、大邑县、武侯区、都江堰市、成华区、郫都区、温江区、锦江区、邛崃市、金牛区、彭州市、蒲江县、新都区)

财联社4月25日讯(编辑潇湘)周四(4月24日),本周最后一场附息美国国债标售落下了帷幕,或许是由于人们已厌倦应对层出不穷的特朗普关税拉锯战,这场7年期的美债标售也再度以相对冷淡的需求收场。

美国财政部当天发行了440亿美元的七年期美债,这也是本周最后一批美债标售。此前,由于海外需求大幅下降,周二进行的2年期美债拍卖已表现惨淡;而尽管周三进行的5年期美债拍卖整体稳健,但海外需求依然出现了下降,这也令许多债券市场交易员在隔夜早早便开始关注于这批七年期美债的拍卖情况。

而最终,这批七年期美债标售的得标利率为4.123%,虽然较3月份上一批次的标售下降了11个基点,但仍较4.121%的预发行利率高出了0.2个基点,这也是七年期美债标售连续第二次出现反映需求疲软的尾部利差。

本次拍卖的投标倍数与上月差异不大——最终录得2.55倍,明显低于了过去六次拍卖的平均值2.67倍。

而真正令市场密切聚焦乃至颇为担心的地方,则再次体现在了获配比例的细节上:

知名财经博客网站Zerohedge表示,总体而言,本次7年期美债拍卖表现疲弱,不仅体现在尾部利差上,更令人担忧的是海外需求的持续萎缩。当然,若间接投标者需求真正崩溃,美联储将不得不介入并开始债务货币化操作(QE)。但在当前鲍威尔正与特朗普就美联储为何不应干预市场展开争论之际,若出现这种结果可能会相当滑稽。

从美债市场隔夜的走势看,由于美国总统特朗普本周在对华关税和干预美联储问题上的态度有所软化,各期限美债收益率周四整体延续了前一天的回落态势:指标10年期美债收益率尾盘报4.31%,较周三低约8个基点。

不过,不少市场人士目前依然态度谨慎。CrownAgentsInvestmentManagement固定收益主管SlawomirSoroczynski表示,大额订单推动了周三美债市场波动,而美国政策波动对市场影响的不确定性仍然很高。

他指出,“总体情况仍然很模糊,任何事情都有可能出现。”

  2025年4月23日,德力佳传动科技(江苏)股份有限公司(以下简称“德力佳”)发布了交易所问询函回复公告。这家成立仅7年多的风电齿轮箱制造商,因与三一重能的深度绑定、异常关联交易及独立性缺陷,引发监管与市场的双重质疑。 

  历史纽带:股权结构的双重控制

  德力佳是一家主要从事高速重载精密齿轮传动产品研发、生产与销售的企业,下游应用领域目前主要为风力发电机组,核心产品为风电主齿轮箱。

  德力佳与三一重能的共生关系始于2017年公司创立。招股书披露,三一重能不仅是创始股东(初始持股20%),更通过多重纽带深度介入德力佳运营。

  资产注入疑云:2018年三一重能以1元对价转让北京三一增速机(账面净资产0.28万元),使德力佳获得风电齿轮箱生产资质。资产评估报告显示,该交易标的含价值9368万元设备资产,合理性存疑。  

  股权结构的双重控制:截至招股书签署日,三一重能以28%持股稳居第二大股东,而实控人刘建国夫妇通过多层架构控制41.98%股权。更值得关注的是治理结构:6名非独立董事中,4名具有三一或远景背景;财务总监李常平更是三一重能前财务副总监,在IPO辅导前两周“空降”。这种“股东+高管”的双重身份,使德力佳的决策独立性形同虚设。

  独立性拷问:实控人大部分出资是从三一借款

  德力佳对三一重能的依赖已渗透至企业核心环节。三一重能和远景能源等行业龙头既是公司股东又是大客户的情况较为突出,2022年至2024年,公司对这两家企业的关联销售占比分别为37.39%、45.43%和43.56%,占比近半。

  自2023年以来,德力佳向关联方销售产品的价格高于非关联方。在整机价格年均下降10%的背景下,这种逆价差缺乏合理解释。

  更有意思的是,德力佳实际控制人出资系向三一重能借款。公司成立之初,德力佳实际控制人刘建国3,000万元货币出资中的2,500万元出资款来源于向三一重能的借款。截至2020年11月末,刘建国已完成全部借款本息归还.。

  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。

求出处动态图:掌握这三招,让你的社交能力瞬间提升!的相关文章 一季度GDP同比增长5.4%的相关文章
英伟达盘后一度跌超6%
特朗普凌晨2点开记者会折磨媒体
106岁八路军女战士耿真逝世
家电行业的「科技平权」
你干过最牛的一件事是什么
江西超1500年树龄银杏树倒塌
美国有小企业主称可能6个月内破产
杰伦·格林:缺乏经验是我们的优势
特朗普凌晨2点开记者会折磨媒体
吉隆坡街头飘扬中马两国国旗
中国稀土管制扼住美军工命脉
家具厂女员工拒绝向普京透露工资
  • 友情链接:
  • 让美国乡巴佬在中华悠久历史前哀鸣 阿斯顿维拉3比2巴黎圣日耳曼 罗马华侨夫妇深夜在家门口遭枪杀 三河当地对“店招改色”仍沉默 特朗普亲密战友暂缓关税前买入美股 T1 Gumayusi 贪婪腐化退而不休 刘满仓被决定逮捕 23年前的偶像剧男演员撞脸全红婵 媒体人:邵佳一在防守方面还需锤炼 宋祖儿把半夏的眼睛借给大家 杭州上学的内蒙女孩一篇作文火了 《绝密较量》发布全新预告片

    查看更多评价 ∨