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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82
成人啪啪爽到潮喷喷水水,带你走进现代相亲的真实世界!
随机图片

成人啪啪爽到潮喷喷水水,带你走进现代相亲的真实世界!

更新时间: 浏览次数: 175

400电话:123456(点击咨询)
成人啪啪爽到潮喷喷水水,带你走进现代相亲的真实世界!各观看免费《今日汇总》
成人啪啪爽到潮喷喷水水,带你走进现代相亲的真实世界!各热线观看免费2025已更新(2025已更新)








成人啪啪爽到潮喷喷水水,带你走进现代相亲的真实世界!观看免费电话:(1)123456(点击咨询)(2)123456(点击咨询)








成人啪啪爽到潮喷喷水水,带你走进现代相亲的真实世界!观看免费热线(1)123456(点击咨询)(2)123456(点击咨询)




成人啪啪爽到潮喷喷水水,带你走进现代相亲的真实世界!各区点热线观看免费《今日发布》
Random Image 成人啪啪爽到潮喷喷水水,带你走进现代相亲的真实世界!电话








7天观看免费人工电话为您、成人啪啪爽到潮喷喷水水,带你走进现代相亲的真实世界!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,








成人啪啪爽到潮喷喷水水,带你走进现代相亲的真实世界!各观看免费《今日汇总》2025已更新(今日/推荐)








成人啪啪爽到潮喷喷水水,带你走进现代相亲的真实世界!电话区域:








来宾市(忻城县、金秀瑶族自治县、武宣县、兴宾区、合山市、象州县)








哈密市(伊州区、巴里坤哈萨克自治县、伊吾县)








滁州市(全椒县、南谯区、来安县、凤阳县、天长市、琅琊区、定远县、明光市)








桂林市(阳朔县、全州县、灵川县、临桂区、灌阳县、资源县、恭城瑶族自治县、永福县、秀峰区、象山区、平乐县、兴安县、荔浦市、雁山区、七星区、叠彩区、龙胜各族自治县)  汉中市(汉台区、勉县、佛坪县、南郑区、西乡县、宁强县、城固县、留坝县、略阳县、镇巴县、洋县)








宁夏回族自治区








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








双鸭山市(四方台区、集贤县、岭东区、尖山区、宝山区、宝清县、饶河县、友谊县)云浮市(郁南县、新兴县、罗定市、云城区、云安区)








海北藏族自治州(门源回族自治县、祁连县、海晏县、刚察县)  中卫市(中宁县、海原县、沙坡头区)








钦州市(钦南区、浦北县、钦北区、灵山县)








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








德宏傣族景颇族自治州(瑞丽市、盈江县、梁河县、芒市、陇川县)








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








威海市(荣成市、乳山市、环翠区、文登区)








广元市(旺苍县、青川县、朝天区、利州区、苍溪县、剑阁县、昭化区)








天津市(河东区、和平区、宁河区、河北区、红桥区、东丽区、静海区、武清区、宝坻区、津南区、西青区、蓟州区、北辰区、滨海新区、南开区、河西区)








自贡市(富顺县、沿滩区、大安区、自流井区、贡井区、荣县)








娄底市(双峰县、娄星区、冷水江市、新化县、涟源市)








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








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








三门峡市(渑池县、湖滨区、灵宝市、卢氏县、陕州区、义马市)








马鞍山市(雨山区、博望区、含山县、和县、当涂县、花山区)








博尔塔拉蒙古自治州(温泉县、阿拉山口市、精河县、博乐市)








长沙市(天心区、芙蓉区、岳麓区、雨花区、浏阳市、长沙县、宁乡市、开福区、望城区)








黑河市(嫩江市、孙吴县、爱辉区、逊克县、五大连池市、北安市)








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








汕尾市(陆丰市、陆河县、海丰县、城区)








盐城市(阜宁县、滨海县、射阳县、盐都区、大丰区、亭湖区、建湖县、东台市、响水县)
400电话:123456(点击咨询)
成人啪啪爽到潮喷喷水水,带你走进现代相亲的真实世界!各观看免费《今日汇总》《今日发布》
成人啪啪爽到潮喷喷水水,带你走进现代相亲的真实世界!各观看免费《今日汇总》(2025已更新)








成人啪啪爽到潮喷喷水水,带你走进现代相亲的真实世界!观看免费电话:(1)123456(点击咨询)(2)123456(点击咨询)








成人啪啪爽到潮喷喷水水,带你走进现代相亲的真实世界!观看免费热线(1)123456(点击咨询)(2)123456(点击咨询)




成人啪啪爽到潮喷喷水水,带你走进现代相亲的真实世界!各观看免费《今日汇总》【2025已更新列表】
成人啪啪爽到潮喷喷水水,带你走进现代相亲的真实世界!电话








7天观看免费人工电话为您、成人啪啪爽到潮喷喷水水,带你走进现代相亲的真实世界!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,








成人啪啪爽到潮喷喷水水,带你走进现代相亲的真实世界!中心2025已更新(今日/推荐)








成人啪啪爽到潮喷喷水水,带你走进现代相亲的真实世界!电话区域:








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








郴州市(宜章县、嘉禾县、桂东县、北湖区、临武县、桂阳县、苏仙区、永兴县、汝城县、安仁县、资兴市)








新疆维吾尔自治区








阜新市(太平区、清河门区、新邱区、细河区、阜新蒙古族自治县、彰武县、海州区)  镇江市(润州区、句容市、扬中市、京口区、丹徒区、丹阳市)








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








蚌埠市(五河县、淮上区、固镇县、禹会区、龙子湖区、蚌山区、怀远县)








凉山彝族自治州(西昌市、昭觉县、越西县、喜德县、雷波县、会东县、布拖县、冕宁县、德昌县、宁南县、会理市、盐源县、金阳县、木里藏族自治县、美姑县、甘洛县、普格县)南通市(海门区、启东市、通州区、海安市、如东县、如皋市、崇川区)








白城市(通榆县、镇赉县、洮南市、大安市、洮北区)  吕梁市(文水县、临县、柳林县、孝义市、中阳县、汾阳市、交城县、兴县、交口县、方山县、离石区、石楼县、岚县)








景德镇市(昌江区、乐平市、浮梁县、珠山区)








北京市(平谷区、西城区、东城区、顺义区、怀柔区、石景山区、房山区、通州区、朝阳区、门头沟区、密云区、海淀区、昌平区、丰台区、大兴区、延庆区)








石河子市(五家渠市、白杨市、可克达拉市、图木舒克市、昆玉市、胡杨河市、新星市、铁门关市、北屯市、双河市、阿拉尔市)阿克苏地区(新和县、库车市、拜城县、阿克苏市、阿瓦提县、乌什县、柯坪县、温宿县、沙雅县)








毕节市(赫章县、威宁彝族回族苗族自治县、七星关区、黔西市、纳雍县、大方县、金沙县、织金县)








南宁市(兴宁区、青秀区、横州市、武鸣区、邕宁区、上林县、良庆区、江南区、隆安县、宾阳县、马山县、西乡塘区)








宿迁市(沭阳县、泗阳县、宿城区、泗洪县、宿豫区)








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








杭州市(钱塘区、临安区、建德市、上城区、桐庐县、富阳区、萧山区、淳安县、西湖区、临平区、拱墅区、滨江区、余杭区)








海南藏族自治州(共和县、贵德县、贵南县、兴海县、同德县)








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








宿州市(萧县、灵璧县、埇桥区、砀山县、泗县)








通化市(东昌区、柳河县、梅河口市、二道江区、辉南县、通化县、集安市)








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








绍兴市(诸暨市、柯桥区、上虞区、越城区、新昌县、嵊州市)








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








聊城市(冠县、阳谷县、东昌府区、高唐县、莘县、茌平区、东阿县、临清市)








果洛藏族自治州(玛多县、甘德县、久治县、达日县、班玛县、玛沁县)








芜湖市(无为市、弋江区、鸠江区、繁昌区、南陵县、湾沚区、镜湖区)








鄂州市(鄂城区、华容区、梁子湖区)

  4月23日,道恩股份发布公告称,拟以3300万元收购安徽博斯特100%股权。本次收购完成后,安徽博斯特将成为公司全资子公司,纳入公司合并报表范围内。

  安徽博斯特成立于2020年9月9日,注册资本2000万元,经营范围包括新材料技术研发、塑料制品制造与销售、光伏发电设备租赁、太阳能热利用产品销售和储能技术服务等。

  道恩股份表示,本次交易有利于公司优化产品布局,延伸产业链,提升公司综合竞争力,促进公司的经营发展,符合公司战略发展规划。

  根据2024年财报,道恩股份全年营收53.01亿,增速16.65%,净利润1.41亿元,同比仅微增0.67%,业绩增速几乎停滞,凸显成本压力与盈利瓶颈。

  回溯历史,公司2020年因口罩熔喷料业务实现净利润8.55亿元,但此后2021年-2023年业绩连续三年下滑,2023年净利润同比再降29.5%,核心业务改性塑料毛利率从2019年的14.17%降至2022年的8.34%,依赖低毛利扩张的模式难以为继。

  尽管公司试图通过收购拓展钛白粉、降解塑料等新业务,但新业务尚未形成规模效应,反而加剧了财务负担。2024年经营活动现金流净额为-3.01亿元,造血能力不足的问题进一步暴露。

  频繁收购与扩产导致债务压力陡增。截至2024年末,公司资产总计63.38亿元,其中应收账款高达12.83亿元,占总资产20.25%,回款效率低下。

  负债率方面,2024年筹划的定增募资虽可能缓解资金压力,不过此前多次收购(如2023年溢价69%收购停产企业广东现代)已推高负债规模。若定增失败或市场遇冷,债务风险将进一步加剧。

  事实上,道恩股份近年来资本运作越发频繁。

  2024年,道恩股份跨界收购钛白粉企业道恩钛业,2023年收购停产企业广东现代,2022年增资青岛周氏。这些收购标的普遍存在业绩下滑或停产问题,整合效果存疑。

  同年,道恩股份筹划定增募资用于钛白粉项目,2022年通过定增募资7.71亿元加码降解塑料,考虑到2025年国内PBAT产能预计达700万吨,开工率仅40%,行业产能过剩问题突出,项目盈利前景不明。

  频繁收购虽短期内可扩大营收规模,但标的资产质量不佳(如广东现代净利润连年亏损)、商誉减值风险及管理协同难题,可能反噬公司长期价值。

  公司从口罩熔喷料转向钛白粉、降解塑料、TPV材料等多领域,但缺乏核心技术的持续突破,TPV技术虽打破垄断,但市场份额仍受国际巨头挤压,业务协同性不足。

  2022年,道恩股份收购青岛周氏因标的盈利能力存疑被深交所问询,2023年收购广东现代亦因溢价收购停产企业引发争议,未来资本运作或面临更严审查。

  此外,公司股价从2020年高点下跌超70%,尽管2024年收购道恩钛业后短暂涨停,但长期走势疲软,反映投资者对其扩张逻辑的疑虑。

  道恩股份的频繁资本运作,本质上是试图通过外延式增长破解内生动力不足的困局。

  然而,在盈利能力下滑、负债高企、行业竞争加剧的背景下,若无法实现技术突破与资源整合,其激进扩张或将演变为“饮鸩止渴”。特别是公司实控人韩丽梅在2020年股价高位累计套现3.93亿元,更让市场对公司资本运作背后的真实动机,疑虑重重。

  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。

  4月25日金融一线消息,中国人民银行滁州市分行日前披露的行政处罚决定信息公示表显示,天长民生村镇银行股份有限公司因未按照规定开展初次客户身份识别,被罚款25万元。朱某辉(时任天长民生村镇银行股份有限公司行长)对上述事由负有责任,被罚款1.5万元。

序号

当事人名称

(姓名、职务)

行政处罚决定书文号

违法行为类型

行政处罚内容

作出行政处罚

决定机关名称

作出行政

处罚决定日期

公示期限(自公示之日起计算)

备注

1

天长民生村镇银行股份有限公司

滁银罚决字〔2025〕1号

未按照规定开展初次客户身份识别。

罚款25万元人民币

中国人民银行滁州市分行

2025年4月17日

三年

 

2

朱某辉(时任天长民生村镇银行股份有限公司行长)

滁银罚决字〔2025〕2号

对天长民生村镇银行股份有限公司以下违法违规行为负责:未按照规定开展初次客户身份识别。

罚款1.5万元人民币

中国人民银行滁州市分行

2025年4月17日

三年

 新闻结尾 成人啪啪爽到潮喷喷水水,带你走进现代相亲的真实世界!的相关文章
停摆20余年 广州最大烂尾楼终迎曙光
小克重投资类黄金产品成主流
芬兰宣布将大幅增加国防开支
12306推出宠物托运功能
关晓彤已连续7年为鹿晗庆生
中国可控核聚变技术再突破
  • 友情链接:
  • 范丞丞拿着木版年画一身正气 美国人跨境寻蛋 边境鸡蛋走私案增加 “小孩哥”机器人获得马拉松亚军

    查看更多评价 ∨