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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82
护士和病人偷情-如何促进家庭成员间的相互理解?
随机图片

护士和病人偷情-如何促进家庭成员间的相互理解?

更新时间: 浏览次数: 224

400电话:123456(点击咨询)
护士和病人偷情-如何促进家庭成员间的相互理解?各观看免费《今日汇总》
护士和病人偷情-如何促进家庭成员间的相互理解?各热线观看免费2025已更新(2025已更新)








护士和病人偷情-如何促进家庭成员间的相互理解?观看免费电话:(1)123456(点击咨询)(2)123456(点击咨询)








护士和病人偷情-如何促进家庭成员间的相互理解?观看免费热线(1)123456(点击咨询)(2)123456(点击咨询)




护士和病人偷情-如何促进家庭成员间的相互理解?各区点热线观看免费《今日发布》
Random Image 护士和病人偷情-如何促进家庭成员间的相互理解?电话








7天观看免费人工电话为您、护士和病人偷情-如何促进家庭成员间的相互理解?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,








护士和病人偷情-如何促进家庭成员间的相互理解?各观看免费《今日汇总》2025已更新(今日/推荐)








护士和病人偷情-如何促进家庭成员间的相互理解?电话区域:








乌兰察布市(集宁区、卓资县、察哈尔右翼后旗、凉城县、察哈尔右翼前旗、四子王旗、兴和县、察哈尔右翼中旗、丰镇市、化德县、商都县)








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








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








盘锦市(盘山县、兴隆台区、大洼区、双台子区)  石河子市(新星市、五家渠市、阿拉尔市、铁门关市、北屯市、白杨市、图木舒克市、双河市、可克达拉市、昆玉市、胡杨河市)








临夏回族自治州(临夏县、和政县、积石山保安族东乡族撒拉族自治县、临夏市、广河县、永靖县、康乐县、东乡族自治县)








鹰潭市(贵溪市、余江区、月湖区)








抚顺市(顺城区、望花区、清原满族自治县、东洲区、新抚区、抚顺县、新宾满族自治县)榆林市(府谷县、靖边县、绥德县、榆阳区、吴堡县、清涧县、子洲县、佳县、米脂县、神木市、横山区、定边县)








昆明市(五华区、呈贡区、安宁市、西山区、宜良县、寻甸回族彝族自治县、嵩明县、东川区、富民县、石林彝族自治县、禄劝彝族苗族自治县、盘龙区、晋宁区、官渡区)  怀化市(中方县、靖州苗族侗族自治县、溆浦县、沅陵县、新晃侗族自治县、会同县、通道侗族自治县、芷江侗族自治县、洪江市、鹤城区、辰溪县、麻阳苗族自治县)








郑州市(中牟县、登封市、中原区、金水区、管城回族区、二七区、荥阳市、巩义市、新郑市、惠济区、上街区、新密市)








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








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








枣庄市(市中区、山亭区、峄城区、薛城区、台儿庄区、滕州市)








锡林郭勒盟(多伦县、苏尼特右旗、阿巴嘎旗、正蓝旗、苏尼特左旗、二连浩特市、锡林浩特市、西乌珠穆沁旗、东乌珠穆沁旗、太仆寺旗、正镶白旗、镶黄旗)








惠州市(博罗县、惠城区、龙门县、惠阳区、惠东县)








普洱市(宁洱哈尼族彝族自治县、墨江哈尼族自治县、镇沅彝族哈尼族拉祜族自治县、景谷傣族彝族自治县、思茅区、澜沧拉祜族自治县、孟连傣族拉祜族佤族自治县、西盟佤族自治县、江城哈尼族彝族自治县、景东彝族自治县)








那曲市(色尼区、安多县、嘉黎县、聂荣县、比如县、申扎县、班戈县、巴青县、索县、双湖县、尼玛县)








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








鹤壁市(淇县、山城区、浚县、淇滨区、鹤山区)








景德镇市(浮梁县、珠山区、昌江区、乐平市)








德宏傣族景颇族自治州(陇川县、瑞丽市、盈江县、芒市、梁河县)








黔东南苗族侗族自治州(黄平县、雷山县、麻江县、黎平县、三穗县、丹寨县、剑河县、榕江县、岑巩县、凯里市、锦屏县、镇远县、天柱县、从江县、施秉县、台江县)








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








扬州市(高邮市、仪征市、邗江区、广陵区、宝应县、江都区)








宜昌市(伍家岗区、枝江市、五峰土家族自治县、远安县、兴山县、当阳市、猇亭区、长阳土家族自治县、点军区、夷陵区、宜都市、秭归县、西陵区)








锦州市(义县、黑山县、北镇市、凌河区、太和区、凌海市、古塔区)








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








兰州市(红古区、永登县、安宁区、榆中县、皋兰县、城关区、西固区、七里河区)
400电话:123456(点击咨询)
护士和病人偷情-如何促进家庭成员间的相互理解?各观看免费《今日汇总》《今日发布》
护士和病人偷情-如何促进家庭成员间的相互理解?各观看免费《今日汇总》(2025已更新)








护士和病人偷情-如何促进家庭成员间的相互理解?观看免费电话:(1)123456(点击咨询)(2)123456(点击咨询)








护士和病人偷情-如何促进家庭成员间的相互理解?观看免费热线(1)123456(点击咨询)(2)123456(点击咨询)




护士和病人偷情-如何促进家庭成员间的相互理解?各观看免费《今日汇总》【2025已更新列表】
护士和病人偷情-如何促进家庭成员间的相互理解?电话








7天观看免费人工电话为您、护士和病人偷情-如何促进家庭成员间的相互理解?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,








护士和病人偷情-如何促进家庭成员间的相互理解?中心2025已更新(今日/推荐)








护士和病人偷情-如何促进家庭成员间的相互理解?电话区域:








湖州市(长兴县、吴兴区、南浔区、德清县、安吉县)








三亚市(天涯区、吉阳区、崖州区、海棠区)








自贡市(荣县、自流井区、大安区、贡井区、沿滩区、富顺县)








澳门特别行政区  宝鸡市(太白县、金台区、眉县、扶风县、陇县、凤县、陈仓区、渭滨区、岐山县、麟游县、千阳县、凤翔区)








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








淮安市(涟水县、淮安区、清江浦区、盱眙县、淮阴区、洪泽区、金湖县)








武汉市(江夏区、江汉区、蔡甸区、黄陂区、汉阳区、硚口区、东西湖区、新洲区、洪山区、武昌区、江岸区、汉南区、青山区)南平市(浦城县、延平区、松溪县、顺昌县、武夷山市、建阳区、光泽县、政和县、邵武市、建瓯市)








德阳市(广汉市、中江县、旌阳区、罗江区、绵竹市、什邡市)  北京市(海淀区、东城区、平谷区、大兴区、石景山区、顺义区、昌平区、密云区、通州区、房山区、丰台区、延庆区、怀柔区、朝阳区、西城区、门头沟区)








大庆市(让胡路区、肇源县、萨尔图区、肇州县、杜尔伯特蒙古族自治县、林甸县、红岗区、大同区、龙凤区)








阜阳市(界首市、颍泉区、阜南县、太和县、临泉县、颍上县、颍东区、颍州区)








七台河市(桃山区、勃利县、新兴区、茄子河区)甘孜藏族自治州(丹巴县、稻城县、泸定县、色达县、巴塘县、康定市、乡城县、道孚县、雅江县、新龙县、德格县、得荣县、石渠县、白玉县、炉霍县、甘孜县、九龙县、理塘县)








连云港市(赣榆区、灌云县、灌南县、海州区、连云区、东海县)








镇江市(润州区、句容市、丹阳市、丹徒区、扬中市、京口区)








楚雄彝族自治州(楚雄市、永仁县、元谋县、大姚县、禄丰市、武定县、姚安县、双柏县、南华县、牟定县)








山南市(措美县、加查县、扎囊县、乃东区、错那市、曲松县、贡嘎县、桑日县、浪卡子县、洛扎县、琼结县、隆子县)








塔城地区(和布克赛尔蒙古自治县、托里县、裕民县、沙湾市、塔城市、额敏县、乌苏市)








阿里地区(改则县、噶尔县、札达县、日土县、革吉县、普兰县、措勤县)








泸州市(合江县、泸县、叙永县、江阳区、纳溪区、古蔺县、龙马潭区)








安康市(旬阳市、白河县、汉阴县、平利县、镇坪县、汉滨区、紫阳县、石泉县、宁陕县、岚皋县)








内江市(资中县、威远县、东兴区、隆昌市、市中区)








白银市(会宁县、靖远县、白银区、平川区、景泰县)








湘潭市(岳塘区、湘乡市、韶山市、雨湖区、湘潭县)








临汾市(安泽县、洪洞县、吉县、隰县、大宁县、蒲县、曲沃县、侯马市、霍州市、襄汾县、永和县、尧都区、乡宁县、浮山县、翼城县、古县、汾西县)








六安市(叶集区、霍邱县、裕安区、霍山县、舒城县、金安区、金寨县)








保山市(昌宁县、龙陵县、隆阳区、腾冲市、施甸县)








银川市(金凤区、兴庆区、永宁县、灵武市、西夏区、贺兰县)








黄南藏族自治州(尖扎县、泽库县、同仁市、河南蒙古族自治县)

  来源:国际金融报

  曾经的“中国彩电大王”康佳集团(股票名称:深康佳A)积重难返。

  4月15日,深康佳A披露最新财报,2024年,该公司营业收入进一步减少至111.15亿元,较2023年同期的178.49亿元下降了37.73%;亏损情况依旧严峻,归母净利润亏损额达到32.96亿元,同比扩大52.31%;扣除非经常性损益后的净亏损更是增至32.06亿元。

  细究其财务轨迹,深康佳A的衰落轨迹清晰可见,自2019年营收达到551.19亿元的顶峰后,其营收规模便急剧下滑,至今已不足120亿元。此外,深康佳A的归母净利润已经连续三年为负,而扣非净利润则长达14年处于赤字状态,累计亏损接近200亿元。

  与此同时,近年来深康佳A的资产负债率屡创新高。截至2024年末,资产负债率已达92.65%,创近十年新高。其中,流动负债达190.33亿元,而在手货币资金仅为41.16亿元,债务压力不小。

  2023年7月,康佳集团曾高调宣布以“电子科技业务”为核心战略,试图通过“消费电子+半导体”双轮驱动实现突围。然而最新财报数据表明,这一战略转型尚未显现成效,转型之路步履维艰。

  公司在财报中将业绩颓势归因于三大因素:主营业务持续亏损、新业务孵化不及预期,以及资产减值计提的拖累。但更深层次的问题或许在于,在消费电子行业剧烈变革的浪潮中,这家老牌企业始终未能找到与时代同频的创新节奏。从“彩电大王”到接连告亏,留给这家老牌企业重整旗鼓的时间,还有多少呢?

  战略困局待解

  伴随战略聚焦,康佳集团在2023年宣布回归彩电、白电等核心主业,同时果断收缩了盈利薄弱的工贸与环保业务。值得注意的是,工贸业务曾是其营收支柱——2022年,该板块营收高达160.53亿元,占总收入的54.22%,主要涉及传统家电产业链中IC芯片存储、液晶屏等物料的采购与分销。然而仅一年后,这一业务便从财报中彻底消失。

  调整后的康佳业务架构分为消费电子、半导体及存储芯片以及其他业务三大板块,但2024年财报显示,各板块均面临增长困境:消费电子业务(现占营收91.2%)营收微降0.67%至101.37亿元,但占比大幅提升的主因是其他业务线的大幅萎缩;半导体业务遭遇“滑铁卢”,营收从2023年的3.4亿元暴跌94.99%至1.7亿元,仅贡献总收入的1.53%。康佳在财报中坦承,该业务仍处产业化初期,未能形成规模效益,导致收入断崖式下滑。

  显然,回归主业的消费电子增长乏力,而被视为第二曲线的半导体业务尚未走出投入期,这也使得康佳的转型之路扑朔迷离。作为昔日的“彩电一哥”,康佳集团的半导体转型战略已推进六年之久。早在2018年,公司就完成了半导体业务的总体设计与战略规划,明确了该板块的产品方向,并雄心勃勃地提出“5-10年跻身国际半导体公司前列”的战略目标。

  目前,康佳半导体业务主要布局在光电领域,重点聚焦MicroLED及MiniLED芯片、巨量转移、显示三大业务板块。然而,这一业务板块至今未能带来实质性收益,2024年营收更是出现断崖式下滑。

  康佳显然不愿放弃半导体梦想,3个月前,公司突然祭出大动作:拟通过发行股份方式收购宏晶微电子78%股权,交易完成后后者将成为其控股子公司。根据公告,此次交易涉及向17名交易对方发行股份,同时配套募资不超过35名特定投资者。

  标的公司宏晶微电子成立于2009年,主营业务为音视频图像信号处理芯片设计。值得关注的是,该公司曾于2015年在新三板挂牌,后于2019年终止挂牌。2024年8月,宏晶微电子完成了新的IPO辅导备案,拟于科创板上市,但此后IPO进程未有新进展。

  财务数据显示,宏晶微电子近两年业绩波动明显:2022—2023年营收维持在2.9亿元左右,但2024年前11个月营收已降至2.69亿元;净利润方面,2023年实现2763万元盈利后,2024年前11个月又回落至1299万元。截至2024年11月末,公司总资产7.33亿元,负债3.3亿元。

  这场收购究竟是康佳半导体转型的“救命稻草”,还是又一次战略摇摆?在主营业务持续萎靡的情况下,重金押注尚未形成稳定盈利能力的芯片资产,康佳的转型之路愈发充满悬念。

  将迎来新“东家”?

  康佳集团发轫于上世纪80年代初,是改革开放后诞生的首家中外合资电子企业公司,至今已有四十多年的历史。1992年,深康佳A在深圳证券交易所上市。1998年,康佳电视机市场占有率首次实现第一,曾在长达十年左右的时间内,牢牢占据了中国彩电行业龙头的位置,风光无两。

  然而,伴随着技术的变革与市场竞争态势的变化,康佳集团当前的市场地位早已今昔非比,其根基业务彩电业务的营收更是逐年萎缩。2015年,康佳的彩电类业务营收超过120亿元,到2024年已下滑至50.28亿元。

  深康佳A近10年彩电营收变化情况 (马云飞 制图)

  “康佳不再只是一家彩电公司,将转型投资控股平台,做大投资业务,彩电业务则独立进行公司化运作。”2017年,时任康佳集团董事局主席的刘凤喜在接受媒体采访时如是表述。这番表态拉开了康佳多元化扩张的序幕。当年财报显示,电子业务营收占比从2016年的84.57%骤降至51.71%,而供应链管理业务异军突起,仅用一年时间就取代彩电成为公司第一大收入来源。此后数年,康佳更是一路狂奔,相继布局环保、半导体等新兴领域。

  然而这场转型实验在2023年戛然而止,公司宣布重新聚焦消费电子和半导体两大主业。这意味着在经历六年试错后,康佳的战略指针又重新拨回了起点,但彩电市场早已物是人非——行业整体进入存量竞争阶段,海信、小米、TCL、创维四大品牌垄断近80%市场份额,留给康佳的生存空间所剩无几。

  更严峻的是,品牌认知度正成为康佳难以逾越的障碍。多位消费者反馈显示,在索尼、海信等强势品牌的挤压下,康佳在消费者心智中的存在感持续弱化。一位家电供应链的业内人士则向记者表示,当下消费者选购电视时,往往首先考虑画质、智能功能等产品力,其次是品牌溢价,康佳在这两个维度都不占优势。

  在半导体业务尚未成型、彩电市场强敌环伺的当下,这个曾经的行业霸主正面临其发展史上最严峻的战略抉择。

  一周前,深康佳A发布公告称,其接到其控股股东华侨城的通知,为推进中央企业之间的专业化整合、优化资源配置,拟由其他央企集团对康佳实施专业化整合。值得一提的是,目前,深康佳A的控股股东华侨城集团,也是后者发展电子科技业务的重要平台。截至2024年12月27日,华侨城集团对深康佳A的直接持股比例达21.75%。

  近期市场传闻称,央企华润集团可能成为康佳的“白衣骑士”,接手这家陷入困境的老牌家电企业。但截至发稿,康佳方面尚未就股权变动发布任何官方消息。而无论最终接盘者是谁,留给这家老牌企业翻盘的时间和机会,都在快速流逝。

新闻结尾 护士和病人偷情-如何促进家庭成员间的相互理解?的相关文章
特朗普:乌克兰问题谈判短期内若无进展美将不再斡旋
漠北之战的 MVP 是卫青还是霍去病?
学生吐槽上大学仍被圈养,给家长寄成绩单、未经允许不准出校门,大学是否应让学生更多接触适应社会?
王皓解读世乒赛选拔规则
安踏拟 2.9 亿美元收购狼爪
大外交|习近平时隔9年访柬,专家:中柬铁杆友谊的地区意义日渐凸显
  • 友情链接:
  • 为什么赵云一定要加「常山」两个字 孙颖莎蒯曼女单决赛对战 深圳女生回应被拍进热播剧 中国正在俄罗斯国内生产武器?外交部:坚决反对无端指责和政治操弄

    查看更多评价 ∨