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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82
满18进入I3秒进入7Y7Y|畅享高清影片,轻松追剧不再愁!
随机图片

满18进入I3秒进入7Y7Y|畅享高清影片,轻松追剧不再愁!

更新时间: 浏览次数: 878

400电话:123456(点击咨询)
满18进入I3秒进入7Y7Y|畅享高清影片,轻松追剧不再愁!各观看免费《今日汇总》
满18进入I3秒进入7Y7Y|畅享高清影片,轻松追剧不再愁!各热线观看免费2025已更新(2025已更新)








满18进入I3秒进入7Y7Y|畅享高清影片,轻松追剧不再愁!观看免费电话:(1)123456(点击咨询)(2)123456(点击咨询)








满18进入I3秒进入7Y7Y|畅享高清影片,轻松追剧不再愁!观看免费热线(1)123456(点击咨询)(2)123456(点击咨询)




满18进入I3秒进入7Y7Y|畅享高清影片,轻松追剧不再愁!各区点热线观看免费《今日发布》
Random Image 满18进入I3秒进入7Y7Y|畅享高清影片,轻松追剧不再愁!电话








7天观看免费人工电话为您、满18进入I3秒进入7Y7Y|畅享高清影片,轻松追剧不再愁!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,








满18进入I3秒进入7Y7Y|畅享高清影片,轻松追剧不再愁!各观看免费《今日汇总》2025已更新(今日/推荐)








满18进入I3秒进入7Y7Y|畅享高清影片,轻松追剧不再愁!电话区域:








新乡市(长垣市、新乡县、获嘉县、红旗区、封丘县、原阳县、辉县市、卫辉市、凤泉区、卫滨区、牧野区、延津县)








南阳市(社旗县、内乡县、桐柏县、方城县、南召县、唐河县、镇平县、宛城区、邓州市、西峡县、卧龙区、淅川县、新野县)








新疆维吾尔自治区








郴州市(汝城县、嘉禾县、宜章县、桂东县、安仁县、北湖区、苏仙区、临武县、资兴市、桂阳县、永兴县)  黄山市(黟县、徽州区、屯溪区、祁门县、歙县、黄山区、休宁县)








营口市(鲅鱼圈区、老边区、站前区、西市区、大石桥市、盖州市)








保定市(涿州市、徐水区、满城区、高阳县、容城县、定州市、清苑区、博野县、安新县、易县、涞水县、曲阳县、望都县、阜平县、竞秀区、唐县、安国市、莲池区、定兴县、蠡县、顺平县、涞源县、雄县、高碑店市)








株洲市(茶陵县、荷塘区、渌口区、石峰区、天元区、炎陵县、芦淞区、攸县、醴陵市)








铜陵市(铜官区、枞阳县、义安区、郊区)  包头市(东河区、昆都仑区、土默特右旗、白云鄂博矿区、青山区、达尔罕茂明安联合旗、石拐区、九原区、固阳县)








大连市(沙河口区、长海县、中山区、庄河市、旅顺口区、普兰店区、甘井子区、瓦房店市、西岗区、金州区)








内蒙古自治区








本溪市(本溪满族自治县、溪湖区、平山区、桓仁满族自治县、明山区、南芬区)








齐齐哈尔市(克东县、富裕县、讷河市、富拉尔基区、铁锋区、甘南县、拜泉县、龙江县、克山县、梅里斯达斡尔族区、依安县、碾子山区、龙沙区、昂昂溪区、泰来县、建华区)








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








绍兴市(诸暨市、越城区、柯桥区、新昌县、嵊州市、上虞区)








白城市(镇赉县、大安市、洮南市、洮北区、通榆县)








重庆市(秀山土家族苗族自治县、南岸区、江津区、奉节县、巫山县、云阳县、梁平区、北碚区、开州区、合川区、长寿区、酉阳土家族苗族自治县、大渡口区、江北区、璧山区、巴南区、渝中区、万州区、南川区、石柱土家族自治县、綦江区、荣昌区、忠县、丰都县、涪陵区、大足区、永川区、渝北区、黔江区、沙坪坝区、潼南区、彭水苗族土家族自治县、垫江县、巫溪县、武隆区、九龙坡区、城口县、铜梁区)








枣庄市(市中区、滕州市、台儿庄区、山亭区、薛城区、峄城区)








平顶山市(叶县、湛河区、郏县、石龙区、卫东区、宝丰县、鲁山县、汝州市、新华区、舞钢市)








宿州市(萧县、砀山县、埇桥区、泗县、灵璧县)








上海市(金山区、普陀区、奉贤区、闵行区、长宁区、青浦区、宝山区、静安区、虹口区、松江区、杨浦区、黄浦区、徐汇区、嘉定区、崇明区、浦东新区)








衢州市(常山县、江山市、衢江区、龙游县、柯城区、开化县)








中卫市(海原县、沙坡头区、中宁县)








盘锦市(兴隆台区、盘山县、双台子区、大洼区)








泉州市(泉港区、石狮市、丰泽区、永春县、南安市、鲤城区、金门县、德化县、安溪县、洛江区、晋江市、惠安县)








威海市(荣成市、环翠区、乳山市、文登区)








萍乡市(安源区、莲花县、芦溪县、上栗县、湘东区)








张掖市(高台县、民乐县、肃南裕固族自治县、山丹县、甘州区、临泽县)
400电话:123456(点击咨询)
满18进入I3秒进入7Y7Y|畅享高清影片,轻松追剧不再愁!各观看免费《今日汇总》《今日发布》
满18进入I3秒进入7Y7Y|畅享高清影片,轻松追剧不再愁!各观看免费《今日汇总》(2025已更新)








满18进入I3秒进入7Y7Y|畅享高清影片,轻松追剧不再愁!观看免费电话:(1)123456(点击咨询)(2)123456(点击咨询)








满18进入I3秒进入7Y7Y|畅享高清影片,轻松追剧不再愁!观看免费热线(1)123456(点击咨询)(2)123456(点击咨询)




满18进入I3秒进入7Y7Y|畅享高清影片,轻松追剧不再愁!各观看免费《今日汇总》【2025已更新列表】
满18进入I3秒进入7Y7Y|畅享高清影片,轻松追剧不再愁!电话








7天观看免费人工电话为您、满18进入I3秒进入7Y7Y|畅享高清影片,轻松追剧不再愁!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,








满18进入I3秒进入7Y7Y|畅享高清影片,轻松追剧不再愁!中心2025已更新(今日/推荐)








满18进入I3秒进入7Y7Y|畅享高清影片,轻松追剧不再愁!电话区域:








鹤岗市(萝北县、南山区、东山区、兴山区、向阳区、绥滨县、工农区、兴安区)








亳州市(谯城区、利辛县、蒙城县、涡阳县)








延边朝鲜族自治州(珲春市、和龙市、安图县、敦化市、延吉市、图们市、汪清县、龙井市)








德宏傣族景颇族自治州(陇川县、瑞丽市、梁河县、芒市、盈江县)  鄂尔多斯市(准格尔旗、伊金霍洛旗、康巴什区、鄂托克前旗、东胜区、鄂托克旗、乌审旗、杭锦旗、达拉特旗)








济源市








珠海市(香洲区、金湾区、斗门区)








哈密市(巴里坤哈萨克自治县、伊州区、伊吾县)廊坊市(广阳区、香河县、固安县、大城县、永清县、文安县、安次区、霸州市、三河市、大厂回族自治县)








泰安市(东平县、岱岳区、肥城市、宁阳县、泰山区、新泰市)  十堰市(房县、郧阳区、张湾区、竹溪县、丹江口市、茅箭区、竹山县、郧西县)








保山市(施甸县、腾冲市、昌宁县、隆阳区、龙陵县)








安庆市(大观区、宜秀区、宿松县、怀宁县、太湖县、潜山市、望江县、岳西县、桐城市、迎江区)








荆州市(石首市、公安县、江陵县、荆州区、洪湖市、监利市、松滋市、沙市区)贵阳市(白云区、息烽县、修文县、花溪区、云岩区、南明区、观山湖区、乌当区、清镇市、开阳县)








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








陇南市(礼县、成县、武都区、西和县、两当县、徽县、文县、宕昌县、康县)








泸州市(龙马潭区、泸县、纳溪区、古蔺县、江阳区、叙永县、合江县)








莆田市(荔城区、涵江区、仙游县、城厢区、秀屿区)








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








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








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








苏州市(昆山市、吴中区、吴江区、张家港市、姑苏区、虎丘区、太仓市、相城区、常熟市)








石嘴山市(平罗县、大武口区、惠农区)








三门峡市(陕州区、渑池县、灵宝市、义马市、湖滨区、卢氏县)








东营市(河口区、东营区、广饶县、垦利区、利津县)








庆阳市(正宁县、西峰区、庆城县、合水县、宁县、环县、华池县、镇原县)








湖州市(南浔区、安吉县、德清县、吴兴区、长兴县)








乐山市(犍为县、五通桥区、金口河区、峨眉山市、夹江县、沙湾区、井研县、市中区、峨边彝族自治县、沐川县、马边彝族自治县)








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








崇左市(天等县、宁明县、扶绥县、龙州县、凭祥市、江州区、大新县)

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。

满18进入I3秒进入7Y7Y|畅享高清影片,轻松追剧不再愁!的相关文章 马拉松私拍10秒视频收88.88元的相关文章
家电行业的「科技平权」
你有过被狗气哭的经验吗?
被巨物包围的窒息感谁懂
《英雄联盟》测试服疑似渴血战斧将回归,如何评价它重做后的新效果?
风雨洗礼中 中国这些产业何以生长
如何评价美剧《黑镜》第七季第三集「Hotel Reverie 白日梦酒店」?
四大行定增预案透露什么信号
美国人开始飞中国代购中国制造
为什么赵云一定要加「常山」两个字
口风变了 特朗普暗示降低对华关税
观众不想看苦大仇深的电视剧
英伟达 RTX 5060 Ti 正式开售,国行售价 3199 元起,这代 60Ti 值得升级入手吗?
  • 友情链接:
  • 马丽赵丽颖宋佳新片强势转型 有画完三视图还无法确定的东西吗 王楚钦说你要能抽死我就给你了 日本女星广末凉子确认被捕 口风变了 特朗普暗示降低对华关税 秦彻牢笼可不是野兽的归宿 英伟达 CEO 来华,罕见一改往常标志性黑色皮衣换上西服,传递出什么信息?其此次来华有什么不一样了? 古特雷斯称加沙成为杀戮之地 CBA深夜开罚单 山西广东北京被罚 哪本书的序言比正文还精彩? 鲍威尔放「鹰」,表示不救市,不降息,特朗普称「他被解雇的速度再快都不为过」,哪些信息值得关注?

    查看更多评价 ∨