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  财政部今天(18日)通报了六起地方政府隐性债务问责的典型案例。

  六起典型案例包括:

内蒙古自治区呼伦贝尔市通过违规捆绑包装政府和社会资本合作模式项目及向房地产开发企业借款新增隐性债务6.88亿元,时任呼伦贝尔市委常委、常务副市长陈某,海拉尔区副区长王某某等相关责任人被问责;吉林省四平市隐性债务化解不实2.85亿元,时任四平市委常委、常务副市长陈某,市财政局局长郭某某等相关责任人被问责;黑龙江省佳木斯市承诺社会资本方最低收益回报、固定收益率和回购社会资本方投资本息等新增隐性债务15.73亿元,时任佳木斯市委副书记、市长丛某,副市长王某某等相关责任人被问责;河南省开封市杞县五里河镇通过国有企业垫付资金建设楼堂馆所新增隐性债务953.1万元,时任杞县政协副主席、五里河金三角片区改造项目指挥部副指挥长粟某某,杞县五里河镇党委书记马某某等相关责任人被问责;云南省昆明市富民县通过所属国有企业筹集资金建设楼堂馆所新增隐性债务1.69亿元,时任富民县委书记李某某、县长周某某等相关责任人被问责;青海省海东市通过国有企业直接借款新增政府隐性债务16.45亿元,时任海东市副市长白某某、海东城市开发建设投资有限公司董事长妥某某等相关责任人被问责。

  财政部有关负责人表示,下一步,财政部将切实履行财会监督主责,对新增隐性债务和不实化债等行为,发现一起,查处一起,问责一起,推动有效防范化解地方政府债务风险。

  (总台央视记者田琪永杨理天)

 

  近日,药易购(300937.SZ)发布2024年年报,数据显示公司全年营收43.8亿元,同比下滑1.1%;归母净利润仅1636万元,同比暴跌72.5%。在医药流通行业加速洗牌的背景下,这家曾以“B2B+数智化”模式闻名的企业,正经历转型期的剧烈阵痛。

  费用激增、减值重击:利润缩水的双重绞杀

  年报透露,药易购净利润降幅远超营收下滑的核心推手,是“三费”全面攀升与资产减值计提的双重压力。

  销售费用突破2.51亿元,同比激增31.9%,创近三年新高,主要源于电商业务线上推广投入加大;

  管理费用增长23.5%至7098万元,人员薪酬及战略咨询费用同步攀升;

  财务费用同比上涨27.16%,借款规模扩大导致利息支出承压。

  与此同时,资产减值损失达1782万元,其中应收账款坏账计提2214万元,存货跌价计提962万元。三费合计占营收比重升至7.6%,同比提升1.2个百分点,费用端压力进一步挤压利润空间。

  电商失速、C端突围:转型战略的冰火两重天

  作为药易购数智化转型的核心抓手,医药电商业务2024年遭遇滑铁卢:收入14.41亿元,同比下滑15.6%,月活用户、客单价分别下降3%和18.2%,平台流量变现能力显著弱化。

  为应对困局,药易购将战略重心转向C端市场:

  控股连锁药店数量达1508家,但净增门店数同比减少161家,行业关店潮下扩张阻力凸显;

  线上B2C业务收入同比暴涨225.87%至5696.94万元,但占营收比重仅1.3%,增量贡献杯水车薪;研发投入收缩19.94%至1546万元,30岁以下研发人员锐减52.46%,年轻团队首当其冲。

  参股“价格屠夫”鑫斛:转型焦虑下的激进赌局

  面对行业“万店内卷”,药易购的转型动作愈发激进。2024年11月,公司以1500万元入股重庆鑫斛药房5%股权,后者因“出厂价+1%-14%”的颠覆性定价模式引发行业地震。尽管此举被质疑“摧毁流通价值链条”,药易购仍押注“新工业盈利模式”寻求破局。

  然而,连锁药店赛道已深陷价格战泥潭。以鑫斛为例,其低价策略虽短期引爆流量,却遭太极集团等药企断供反制,折射出流通环节利益重构的深层矛盾。药易购的参股选择,无疑是一场高风险的战略豪赌。

  行业寒冬未散,第二曲线能否穿越周期?

  米内网数据显示,2024年全国药店零售规模同比下滑1.8%,客单价持续走低。在院外市场萎缩、电商增长乏力、线下竞争白热化的三重夹击下,药易购的C端转型成效仍需时间验证。

  分析师观点:短期看,费用高企与减值风险将继续压制利润弹性;长期而言,若C端全域触达能力未能形成规模效应,药易购或陷入“低毛利扩张-现金流承压-研发投入收缩”的恶性循环。医药流通行业的数智化转型,远非一场资本游戏可解。

  本文结合AI工具生成

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