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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82
天使之羽漫画,那些你不知道的幕后故事与创作灵感
随机图片

天使之羽漫画,那些你不知道的幕后故事与创作灵感

更新时间: 浏览次数: 461

400电话:123456(点击咨询)
天使之羽漫画,那些你不知道的幕后故事与创作灵感各观看免费《今日汇总》
天使之羽漫画,那些你不知道的幕后故事与创作灵感各热线观看免费2025已更新(2025已更新)








天使之羽漫画,那些你不知道的幕后故事与创作灵感观看免费电话:(1)123456(点击咨询)(2)123456(点击咨询)








天使之羽漫画,那些你不知道的幕后故事与创作灵感观看免费热线(1)123456(点击咨询)(2)123456(点击咨询)




天使之羽漫画,那些你不知道的幕后故事与创作灵感各区点热线观看免费《今日发布》
Random Image 天使之羽漫画,那些你不知道的幕后故事与创作灵感电话








7天观看免费人工电话为您、天使之羽漫画,那些你不知道的幕后故事与创作灵感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,








天使之羽漫画,那些你不知道的幕后故事与创作灵感各观看免费《今日汇总》2025已更新(今日/推荐)








天使之羽漫画,那些你不知道的幕后故事与创作灵感电话区域:








玉溪市(华宁县、易门县、江川区、通海县、澄江市、峨山彝族自治县、红塔区、新平彝族傣族自治县、元江哈尼族彝族傣族自治县)








惠州市(博罗县、惠城区、惠阳区、龙门县、惠东县)








白山市(江源区、靖宇县、浑江区、临江市、抚松县、长白朝鲜族自治县)








常州市(溧阳市、钟楼区、武进区、金坛区、新北区、天宁区)  岳阳市(岳阳县、云溪区、平江县、君山区、华容县、汨罗市、临湘市、岳阳楼区、湘阴县)








三沙市(南沙区、西沙区)








珠海市(香洲区、金湾区、斗门区)








那曲市(聂荣县、班戈县、尼玛县、申扎县、双湖县、比如县、索县、嘉黎县、巴青县、安多县、色尼区)呼伦贝尔市(莫力达瓦达斡尔族自治旗、鄂伦春自治旗、鄂温克族自治旗、新巴尔虎右旗、牙克石市、陈巴尔虎旗、新巴尔虎左旗、满洲里市、根河市、海拉尔区、扎兰屯市、扎赉诺尔区、阿荣旗、额尔古纳市)








山南市(琼结县、乃东区、措美县、贡嘎县、错那市、加查县、隆子县、浪卡子县、洛扎县、桑日县、扎囊县、曲松县)  泰州市(靖江市、兴化市、高港区、海陵区、泰兴市、姜堰区)








石河子市(双河市、新星市、阿拉尔市、铁门关市、白杨市、图木舒克市、五家渠市、昆玉市、可克达拉市、北屯市、胡杨河市)








黑河市(五大连池市、爱辉区、孙吴县、北安市、逊克县、嫩江市)








忻州市(神池县、繁峙县、静乐县、原平市、岢岚县、偏关县、定襄县、五台县、宁武县、保德县、代县、忻府区、五寨县、河曲县)








盐城市(滨海县、东台市、大丰区、盐都区、建湖县、阜宁县、亭湖区、响水县、射阳县)








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








丽水市(龙泉市、缙云县、青田县、云和县、庆元县、景宁畲族自治县、松阳县、莲都区、遂昌县)








梧州市(苍梧县、藤县、岑溪市、蒙山县、万秀区、长洲区、龙圩区)








张家口市(崇礼区、桥西区、下花园区、康保县、怀来县、尚义县、蔚县、怀安县、宣化区、沽源县、桥东区、赤城县、涿鹿县、阳原县、张北县、万全区)








安顺市(普定县、紫云苗族布依族自治县、镇宁布依族苗族自治县、平坝区、西秀区、关岭布依族苗族自治县)








汕尾市(陆丰市、城区、海丰县、陆河县)








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








林芝市(朗县、米林市、巴宜区、波密县、工布江达县、墨脱县、察隅县)








张家界市(武陵源区、慈利县、永定区、桑植县)








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








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








日喀则市(谢通门县、聂拉木县、岗巴县、白朗县、定日县、江孜县、桑珠孜区、昂仁县、萨嘎县、康马县、仁布县、定结县、萨迦县、仲巴县、南木林县、拉孜县、吉隆县、亚东县)








莆田市(荔城区、秀屿区、涵江区、城厢区、仙游县)








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








东莞市
400电话:123456(点击咨询)
天使之羽漫画,那些你不知道的幕后故事与创作灵感各观看免费《今日汇总》《今日发布》
天使之羽漫画,那些你不知道的幕后故事与创作灵感各观看免费《今日汇总》(2025已更新)








天使之羽漫画,那些你不知道的幕后故事与创作灵感观看免费电话:(1)123456(点击咨询)(2)123456(点击咨询)








天使之羽漫画,那些你不知道的幕后故事与创作灵感观看免费热线(1)123456(点击咨询)(2)123456(点击咨询)




天使之羽漫画,那些你不知道的幕后故事与创作灵感各观看免费《今日汇总》【2025已更新列表】
天使之羽漫画,那些你不知道的幕后故事与创作灵感电话








7天观看免费人工电话为您、天使之羽漫画,那些你不知道的幕后故事与创作灵感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,








天使之羽漫画,那些你不知道的幕后故事与创作灵感中心2025已更新(今日/推荐)








天使之羽漫画,那些你不知道的幕后故事与创作灵感电话区域:








德州市(禹城市、平原县、乐陵市、齐河县、武城县、德城区、临邑县、宁津县、庆云县、夏津县、陵城区)








随州市(随县、广水市、曾都区)








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








凉山彝族自治州(普格县、昭觉县、美姑县、宁南县、木里藏族自治县、冕宁县、甘洛县、盐源县、越西县、布拖县、西昌市、雷波县、金阳县、会理市、会东县、喜德县、德昌县)  包头市(达尔罕茂明安联合旗、昆都仑区、青山区、固阳县、东河区、白云鄂博矿区、九原区、石拐区、土默特右旗)








定西市(渭源县、通渭县、漳县、临洮县、安定区、陇西县、岷县)








吐鲁番市(高昌区、托克逊县、鄯善县)








佳木斯市(前进区、富锦市、东风区、汤原县、抚远市、桦南县、郊区、向阳区、桦川县、同江市)辽阳市(辽阳县、太子河区、文圣区、灯塔市、宏伟区、弓长岭区、白塔区)








喀什地区(塔什库尔干塔吉克自治县、英吉沙县、伽师县、麦盖提县、巴楚县、岳普湖县、泽普县、疏附县、叶城县、喀什市、疏勒县、莎车县)  固原市(原州区、隆德县、彭阳县、西吉县、泾源县)








北海市(铁山港区、合浦县、银海区、海城区)








汕头市(金平区、濠江区、龙湖区、潮阳区、澄海区、潮南区、南澳县)








海东市(互助土族自治县、乐都区、化隆回族自治县、循化撒拉族自治县、民和回族土族自治县、平安区)巴音郭楞蒙古自治州(轮台县、和静县、若羌县、且末县、焉耆回族自治县、博湖县、尉犁县、和硕县、库尔勒市)








淮安市(清江浦区、金湖县、淮安区、淮阴区、涟水县、洪泽区、盱眙县)








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








亳州市(谯城区、涡阳县、蒙城县、利辛县)








玉树藏族自治州(玉树市、囊谦县、杂多县、称多县、治多县、曲麻莱县)








永州市(宁远县、江永县、冷水滩区、东安县、江华瑶族自治县、零陵区、蓝山县、祁阳市、新田县、双牌县、道县)








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








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








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








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








辽源市(东丰县、龙山区、西安区、东辽县)








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








四平市(双辽市、铁东区、铁西区、梨树县、伊通满族自治县)








淮南市(大通区、八公山区、谢家集区、田家庵区、潘集区、凤台县、寿县)








驻马店市(上蔡县、平舆县、泌阳县、驿城区、西平县、汝南县、新蔡县、正阳县、遂平县、确山县)








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








衡阳市(南岳区、祁东县、蒸湘区、衡东县、衡山县、雁峰区、衡南县、衡阳县、常宁市、石鼓区、珠晖区、耒阳市)

2024年,同仁堂(600085.SH)实现营业收入185.97亿元,同比增长4.12%,但归母净利润同比下滑8.54%至15.26亿元,出现了五年来的首次负增长。“同仁堂员工人均年薪缩水”也引发网友热议。2024年,同仁堂员工总数增长至1.79万人,人均薪酬却同比下降了2.37%至19.99万元。与此同时,公司多位高管薪酬逆势上涨,多位高管薪资涨幅超20%。

同仁堂净利润五年来首次负增长

同仁堂2024年年报显示,公司实现营业收入185.97亿元,同比增长4.12%;归母净利润15.26亿元,同比下降8.54%,归母净利润出现了五年来的首次负增长;扣非净利润14.82亿元,同比下降10.55%。

此前2021年-2023年,公司实现的归母净利润分别为12.27亿元、14.26亿元、16.69亿元,同比增长19%、16.17%、16.92%,归母净利润增长率均在16%以上。

从单个季度数据看,2024年一、二、三、四季度,公司实现的营业收入分别为52.67亿元、44.96亿元、40.57亿元、47.78亿元,同比变动幅度为2.42%、-2.64%、2.42%、15.41%,与上年同期相比,第二季度下降,第四季度两位数增长;同期,归母净利润分别为5.76亿元、4.45亿元、3.29亿元、1.76亿元,同比变动幅度为10.04%、-3.90%、-18.57%、-36.65%,除了第一季度增长外,另外三个季度均在下降,且降幅逐季扩大。

第四季度的数据可能会说明一些问题。第四季度,公司营业收入增长15.41%,归母净利润下降36.65%。相关费用中,销售费用11.87亿元,同比增长19.90%,超过营业收入增速,销售费用占当期营业收入的24.84%,较上年同期上升0.93个百分点。管理费用4.13亿元,同比下降5.71%。研发费用1.30亿元,较上年同期略有增长。财务费用为1589.38万元,同比增加4898.50万元,增幅为148.03%。

从第四季度数据来看,主要是销售费用、财务费用明显增加,拖累了归母净利润。从年度看,2024年,同仁堂的销售费用35.95亿元,同比增长4.62%,略高于营业收入增速,公司表示是市场拓展费用增加。当年的财务费用为610.44万元,上年同期为-1.10亿元,公司解释,利息支出增加且部分存款未到结息期利息收入下降所致。

原材料涨价侵蚀净利润

投资快报记者留意到,原材料价格的增长正逐渐侵蚀着同仁堂的净利润。

同仁堂在2024年年报中解释称,营业收入增长,源于公司大力推进营销改革,积极开拓市场。公司营业成本104.21亿元,同比增长10.70%,主要是中药材价格上涨使产品成本增加。

从产品线看,财报显示,2024年同仁堂核心产品线心脑血管类及补益类营业成本分别同比激增40.24%、26.4%,医药工业原材料成本上涨23.07%,直接导致企业毛利率较同期下降3.33个百分点至43.96%。

而这一现象与中药材市场供需失衡密切相关。据了解,2024年当归、党参等大宗药材价格涨幅约三倍。此外,中药材天地网数据显示,截至2024年12月,天然牛黄市场价格为170万元/公斤,相比2023年初57万元/公斤增长198.25%,而天然牛黄正是同仁堂核心产品安宫牛黄丸所用的原材料之一。

面对成本压力,同仁堂曾在2024年6月选择提价来守住利润。北京同仁堂国药有限公司官网显示,港版1粒装安宫牛黄丸价格调整为1280港元(折合人民币约1189元)。此前,每粒港版安宫牛黄丸售价为1060港元(折合人民币约985元),提价增幅达20.75%。然而,价格传导受阻,2024年下半年,市场上同仁堂铁盒装安宫牛黄丸的回收价格反而下降至450-500元/颗。

研发投入不足,销售费用超研发费用8倍

面对毛利率下滑与成本压力,同仁堂的销售费用和研发费用引发市场争议。

销售费用方面,其全年销售费用35.95亿元,同比增长4.62%,但市场推广效率存疑。第四季度单季销售费用达11.87亿元,占营收比重升至24.84%,但同期营收同比增速仅15.41%,投入产出比下降。

研发费用方面,董事长邸淑兵在年报中强调“守正创新”,但实际资源配置仍倾向保守。财报显示,2024年企业研发投入4.09亿元,低于同行业可比公司平均值5.01亿元,而销售费用35.95亿元,超研发投入8倍。

同仁堂表示,报告期内,公司合并营业收入主要来源于医药工业和医药商业两个业务板块,科研投入的重点聚焦于工业生产领域,因此总体比重略显偏低。从实际情况来看,本公司医药工业板块研发投入在传统中成药制造行业中居前,从行业整体来看占收入及占净资产比例居行业中间水平。

然而,有业内观点认为,在竞争日益激烈的医药市场,尤其是中医药行业不断强调创新驱动发展的当下,这样的研发投入水平是否能够支撑同仁堂持续推出具有竞争力的新产品,满足消费者日益多样化的健康需求,仍有待观察。

员工降薪,多位高管薪资涨幅超20%

在公司增收不增利的背景下,同仁堂在职工薪酬方面引起了市场的广泛热议。

投资快报记者从同仁堂2024年年报看到,截至去年底,员工总数由1.68万增加1106人至1.79万人,人均薪酬却下降了2.39%至19.99万元。与此同时,公司高管薪酬却逆势上涨。

2024年董监高报酬总额增长97万元至1164万元,多位高管薪资涨幅超20%。其中,董事兼总经理张朝华年薪同比增长22.71%至237.87万元,董事兼总会计师温凯婷年薪同比增长26.16%至127.11万元,董事兼副总经理杨利年薪同比增长40.37%至139.44万元,经统计包含上述在内的合计9位高管均获得不同比例的大幅加薪。

公司业绩不佳,降本增效无可厚非。但降的都是普通员工,领导们反而加薪,显然会降低企业的公信力。有网友表示:“员工辛苦工作,收入不增反降,而高管却大幅加薪,这种差距实在不合理,会严重打击员工积极性。”还有网友呼吁:“同仁堂应重视员工待遇问题,平衡好各方利益,才能实现长远发展。”

需要注意的是,同仁堂不仅对高管们特别慷慨大方,对于大股东也是如此。2024年同仁堂归母净利润和扣非净利润均录得出现五年来的首次下降,且扣非净利率同比减少了10.55%。然而,公司却发布了2024年派发现金红利(包括中期已分配的现金红利)13.71亿元的分红预案,2024年度累计分红比例占净利润的89.86%,创下五年来新高,高分红与业绩下滑形成了鲜明对比,

新闻结尾 天使之羽漫画,那些你不知道的幕后故事与创作灵感的相关文章
报告:高金融素养人群持仓时间更长
雨果用中文幽默回应逆转王楚钦
快删除手机里的这些APP
美对乌克兰和欧洲发出和谈最后通牒
芬兰宣布将大幅增加国防开支
天工机器人CEO回应完赛:里程碑意义
  • 友情链接:
  • B太再回应说东北雨姐真实 敦促美方彻底取消对等关税错误做法 消防员刘明竹荣立个人一等功

    查看更多评价 ∨