Author(s): Ruixuan Dong, Xiuqin Liu
Two months ago, Aston Villa were just three points off top spot in the Premier League. They were on a run of 12 wins in 14 games that included victories against Manchester City and Arsenal. Their run of eight consecutive wins in the league was their best since they won 10 in a row in 1910. You wouldn’t have blamed Villa fans for daring to dream about lifting their first league title since 1981.。旺商聊官方下载对此有专业解读
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政策与地缘风险进一步加剧了经营不确定性。国内市场方面，2025 年底旧标车禁售导致渠道去库存压力，新国标强化防篡改设计也切断了其核心利润来源之一的改装服务；海外市场中，北美营收占比高达 45%，但美国 301 关税豁免期仅延长至 2026 年 11 月，欧盟反倾销调查与环保标准升级也持续压缩盈利空间。此外，公司资产负债率高达 64.95%，流动比率仅 1.25，偿债压力凸显，而 2025 年实控人减持 2% 存托凭证套现 7.88 亿元，红杉、小米系累计套现超 62 亿元，反映出资本对其增长可持续性的担忧。