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Suzhou Planning & Design Research Institute (301505)

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22.80
+0.12+0.53%

Market Closed Apr 17 15:00 CST

2.61BMarket Cap118.13P/E (TTM)

Earnings

Revenue Breakdown

Financial Indicators

Income Statement

Balance Sheet

Cash Flow

Suzhou Planning & Design Research Institute (301505) Balance Sheet

All

YOY

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(FY)Dec 31, 2025

(Q9)Sep 30, 2025

(Q6)Jun 30, 2025

(Q1)Mar 31, 2025

(FY)Dec 31, 2024

(Q9)Sep 30, 2024

(Q6)Jun 30, 2024

(Q1)Mar 31, 2024

(FY)Dec 31, 2023

(Q9)Sep 30, 2023

Assets

Current assets

Money funds

2.64%163.77M

23.00%146.04M

-40.51%141.53M

-52.49%143.15M

-41.11%159.56M

-64.53%118.73M

-0.31%237.89M

14.83%301.34M

-0.00%270.94M

--334.71M

Transactional financial assets

-11.72%387.77M

-20.26%378.47M

20.62%323.64M

40.90%390.39M

90.84%439.23M

187.57%474.64M

--268.31M

--277.06M

--230.15M

--165.05M

Notes receivable and accounts receivable

-14.08%248.37M

-10.84%261.03M

-8.31%254.89M

-12.25%229.64M

-4.35%289.08M

13.10%292.76M

11.16%277.98M

28.00%261.7M

22.30%302.23M

--258.84M

-Notes receivable

-71.18%115.3K

-75.11%332.29K

-70.19%1.86M

-62.94%3.27M

-90.44%400K

103.21%1.34M

182.52%6.24M

308.66%8.84M

52.63%4.18M

--656.95K

-Accounts receivable

-14.00%248.26M

-10.54%260.69M

-6.89%253.03M

-10.48%226.37M

-3.14%288.68M

12.87%291.42M

9.63%271.74M

25.00%252.86M

21.96%298.05M

--258.19M

Other receivables (including interest and dividends)

-37.71%16.13M

78.90%25.97M

107.32%13.41M

218.36%21.11M

122.23%25.89M

-26.79%14.52M

-57.29%6.47M

-59.12%6.63M

-50.09%11.65M

--19.83M

-Accrued interest receivable

----

--1.64M

-Other receivable

-37.71%16.13M

----

107.32%13.41M

----

122.23%25.89M

----

-55.26%6.47M

----

-50.09%11.65M

----

Advance payment

-27.44%1.91M

117.52%4.99M

52.75%3.86M

58.30%3.97M

17.14%2.63M

5.22%2.3M

4.69%2.53M

-48.41%2.51M

-11.61%2.24M

--2.18M

Non-current assets due within one year

--54.46M

----

Other current assets

9.94%14.05M

121.18%23.91M

-38.12%84.73M

-38.20%83.97M

-92.71%12.78M

-95.18%10.81M

1,974.76%136.93M

2,242.29%135.89M

3,606.99%175.44M

--224.1M

Total current assets

-4.60%886.46M

-8.03%840.42M

-11.62%822.06M

-11.46%872.24M

-6.39%929.18M

-9.05%913.76M

81.36%930.11M

99.53%985.13M

80.92%992.66M

129.80%1B

Non Current assets

Investment real estate

11,456.92%249.85M

9,769.80%228.05M

9,234.34%229.55M

-22.80%2.01M

-21.57%2.16M

-20.47%2.31M

-19.47%2.46M

-18.57%2.61M

-17.74%2.76M

--2.91M

Long-term equity investment

64.53%33.62M

326.97%34.05M

375.44%23.71M

386.88%24.23M

316.48%20.43M

62.41%7.98M

1.48%4.99M

1.18%4.98M

-0.34%4.91M

--4.91M

Fixed assets

-3.68%38.88M

----

-0.47%39.43M

----

3.09%40.37M

----

134.03%39.62M

----

116.12%39.16M

----

Constru in process

-87.34%27.42M

----

-94.17%8.77M

----

53.68%216.62M

----

14.29%150.34M

----

33.39%140.96M

----

Intangible assets

-34.19%30.9M

-2.61%46.05M

-3.71%46.03M

-3.44%46.45M

-3.42%46.95M

109.99%47.28M

113.54%47.8M

113.85%48.11M

114.06%48.62M

--22.52M

Goodwill

36.43%11.48M

-22.12%8.41M

0.00%10.8M

--10.8M

Long deferred expense

-19.07%2.82M

-50.98%2.81M

-42.72%3.15M

-17.27%3.13M

-9.74%3.49M

90.08%5.74M

56.12%5.49M

5.88%3.78M

2.16%3.87M

--3.02M

Deferred tax assets

13.19%41.01M

9.18%36.86M

10.46%36.51M

21.23%34.66M

25.88%36.23M

30.42%33.76M

31.24%33.05M

22.76%28.59M

20.70%28.78M

--25.88M

Usufruct assets

-16.45%12.86M

-26.77%11.32M

2.39%12.51M

0.07%13.6M

57.83%15.39M

23.13%15.46M

0.96%12.22M

6.87%13.59M

-26.05%9.75M

--12.55M

Other non current assets

-56.77%26.48M

10.73%80.04M

10.17%80.06M

8.80%71.02M

-4.97%61.24M

414.70%72.29M

404.64%72.67M

260.97%65.28M

333.49%64.44M

--14.04M

Total non current assets

5.32%475.31M

23.17%495.45M

28.64%488.13M

33.69%482.45M

27.47%451.29M

61.52%402.26M

54.98%379.44M

58.10%360.88M

60.01%354.04M

19.24%249.04M

Total assets

-1.35%1.36B

1.51%1.34B

0.05%1.31B

0.65%1.35B

2.51%1.38B

4.96%1.32B

72.83%1.31B

86.43%1.35B

74.91%1.35B

94.06%1.25B

Liabilities

Current liabilities

Short term loan

----

-93.19%5.45M

-84.79%6.45M

15.45%26.45M

--57.09M

--80M

--42.43M

--22.91M

Notes payable and accounts payable

4.93%148.85M

23.64%136.44M

21.38%129.06M

28.72%135.17M

4.90%141.85M

-8.02%110.35M

-9.72%106.33M

-1.38%105.01M

6.78%135.23M

--119.97M

-Accounts payable

4.93%148.85M

23.64%136.44M

21.38%129.06M

28.72%135.17M

4.90%141.85M

-8.02%110.35M

-9.72%106.33M

-1.38%105.01M

6.78%135.23M

--119.97M

Contract liabilities

18.88%20.42M

52.02%23.55M

44.99%24.15M

-4.01%22.35M

-18.95%17.17M

-17.51%15.49M

-2.49%16.66M

-4.03%23.28M

-22.43%21.19M

--18.78M

Advance receipts

55.65%156.9K

0.00%25.2K

0.00%50.4K

0.00%75.6K

0.00%100.8K

0.00%25.2K

0.00%50.4K

-77.78%75.6K

0.00%100.8K

--25.2K

Salaries payable

4.15%46.14M

25.55%43.01M

10.12%33.95M

13.18%30.76M

-2.06%44.3M

-8.72%34.26M

-14.39%30.83M

10.67%27.18M

0.34%45.23M

--37.53M

Taxs payable

-18.27%28.21M

-10.75%22.06M

-26.85%18.9M

4.80%23.01M

-9.37%34.52M

39.51%24.71M

26.70%25.84M

42.98%21.96M

27.90%38.09M

--17.71M

Other payable (including interest and dividends)

-25.06%19.02M

19.57%25.08M

102.31%18.28M

64.93%14.28M

92.38%25.39M

6.30%20.98M

-37.30%9.03M

-49.79%8.66M

-39.74%13.2M

--19.73M

-Dividend payable

----

-3.42%3.4M

----

--3.52M

----

-Other payable

-25.06%19.02M

----

102.31%18.28M

----

92.38%25.39M

----

-37.30%9.03M

----

-39.74%13.2M

----

Non current liabilities due within one year

317.78%25.52M

20.05%6.35M

48.49%6.82M

11.16%5.2M

14.79%6.11M

-84.69%5.29M

-16.22%4.59M

-4.48%4.68M

-16.71%5.32M

--34.57M

Other current liabilities

18.88%1.23M

52.02%1.41M

44.99%1.45M

-4.01%1.34M

-18.95%1.03M

-17.51%929.32K

-2.49%999.34K

-4.03%1.4M

-22.43%1.27M

--1.13M

Total current liabilities

4.55%289.54M

8.15%257.93M

-7.46%232.66M

-12.71%237.64M

-8.32%276.93M

-12.44%238.48M

18.47%251.42M

39.90%272.24M

16.69%302.07M

41.27%272.36M

Current liabilities

Long term loan

-8.88%84.83M

33.58%106.93M

74.05%106.93M

99.22%105.48M

200.14%93.1M

312.79%80.05M

26.72%61.44M

5.46%52.95M

-17.28%31.02M

--19.39M

Deferred tax liabilities

-10.23%2.24M

-26.54%1.92M

7.34%2.12M

2.90%2.17M

67.85%2.49M

43.84%2.61M

8.95%1.98M

10.72%2.11M

-24.89%1.49M

--1.82M

Lease liabilities

-29.83%8.26M

-43.21%6.41M

-11.39%8.42M

5.18%9.99M

87.74%11.78M

43.85%11.29M

15.46%9.5M

17.73%9.5M

-23.80%6.27M

--7.85M

Total non current liabilities

-11.21%95.33M

22.68%115.26M

61.10%117.48M

82.23%117.64M

176.89%107.37M

223.35%93.95M

24.59%72.92M

7.27%64.56M

-18.72%38.78M

-33.70%29.06M

Total liabilities

0.15%384.87M

12.26%373.19M

7.95%350.14M

5.49%355.28M

12.75%384.3M

10.29%332.43M

19.79%324.34M

32.19%336.8M

11.18%340.84M

27.39%301.42M

Shareholders equity

Paid-in capital

30.00%114.4M

0.00%88M

33.33%88M

--88M

Capital reserve funds

-4.00%568.17M

-3.98%568.12M

-4.38%565.72M

0.05%591.92M

0.04%591.86M

0.00%591.64M

415.92%591.64M

--591.64M

Surplus reserve funds

5.42%46.39M

6.04%45.08M

5.54%44.65M

7.83%44M

28.83%42.51M

28.20%42.3M

23.66%40.81M

--33M

Retained profit

-1.12%265.55M

-1.63%253.43M

-2.24%253.59M

-4.58%271.79M

-4.57%268.56M

8.96%257.62M

-3.89%259.4M

13.81%284.84M

14.23%281.42M

--236.43M

Less:Treasury stock

--21.95M

----

Shareholders equity without minority interests

-2.00%972.56M

-2.11%959.08M

-2.54%956.41M

-0.95%995.71M

-0.94%992.42M

3.24%979.77M

102.93%981.35M

116.68%1.01B

117.77%1B

--949.07M

Minority interests

15.62%4.34M

-5.56%3.6M

-5.57%3.65M

-5.75%3.7M

-5.78%3.76M

16.04%3.81M

15.51%3.86M

19.96%3.93M

19.38%3.99M

--3.28M

Total shareholder equity

-1.94%976.9M

-2.13%962.68M

-2.55%960.05M

-0.97%999.41M

-0.96%996.18M

3.28%983.58M

102.33%985.21M

116.00%1.01B

117.06%1.01B

132.59%952.35M

Total liabilityies and equity

-1.35%1.36B

1.51%1.34B

0.05%1.31B

0.65%1.35B

2.51%1.38B

4.96%1.32B

72.83%1.31B

86.43%1.35B

74.91%1.35B

94.06%1.25B

Currency Unit

CNY

Accounting Standards

CAS (2007)

Audit Opinions

Unqualified opinion

Auditor

Notary Tianye Certified Public Accountants (Special General Partnership)

Zhongtianyun Certified Public Accountants (Special General Partnership)

	(FY)Dec 31, 2025	(Q9)Sep 30, 2025	(Q6)Jun 30, 2025	(Q1)Mar 31, 2025	(FY)Dec 31, 2024	(Q9)Sep 30, 2024	(Q6)Jun 30, 2024	(Q1)Mar 31, 2024	(FY)Dec 31, 2023	(Q9)Sep 30, 2023
Assets
Current assets
Money funds	2.64%163.77M	23.00%146.04M	-40.51%141.53M	-52.49%143.15M	-41.11%159.56M	-64.53%118.73M	-0.31%237.89M	14.83%301.34M	-0.00%270.94M	--334.71M
Transactional financial assets	-11.72%387.77M	-20.26%378.47M	20.62%323.64M	40.90%390.39M	90.84%439.23M	187.57%474.64M	--268.31M	--277.06M	--230.15M	--165.05M
Notes receivable and accounts receivable	-14.08%248.37M	-10.84%261.03M	-8.31%254.89M	-12.25%229.64M	-4.35%289.08M	13.10%292.76M	11.16%277.98M	28.00%261.7M	22.30%302.23M	--258.84M
-Notes receivable	-71.18%115.3K	-75.11%332.29K	-70.19%1.86M	-62.94%3.27M	-90.44%400K	103.21%1.34M	182.52%6.24M	308.66%8.84M	52.63%4.18M	--656.95K
-Accounts receivable	-14.00%248.26M	-10.54%260.69M	-6.89%253.03M	-10.48%226.37M	-3.14%288.68M	12.87%291.42M	9.63%271.74M	25.00%252.86M	21.96%298.05M	--258.19M
Other receivables (including interest and dividends)	-37.71%16.13M	78.90%25.97M	107.32%13.41M	218.36%21.11M	122.23%25.89M	-26.79%14.52M	-57.29%6.47M	-59.12%6.63M	-50.09%11.65M	--19.83M
-Accrued interest receivable	----	----	----	----	----	----	----	----	----	--1.64M
-Other receivable	-37.71%16.13M	----	107.32%13.41M	----	122.23%25.89M	----	-55.26%6.47M	----	-50.09%11.65M	----
Advance payment	-27.44%1.91M	117.52%4.99M	52.75%3.86M	58.30%3.97M	17.14%2.63M	5.22%2.3M	4.69%2.53M	-48.41%2.51M	-11.61%2.24M	--2.18M
Non-current assets due within one year	--54.46M	----	----	----	----	----	----	----	----	----
Other current assets	9.94%14.05M	121.18%23.91M	-38.12%84.73M	-38.20%83.97M	-92.71%12.78M	-95.18%10.81M	1,974.76%136.93M	2,242.29%135.89M	3,606.99%175.44M	--224.1M
Total current assets	-4.60%886.46M	-8.03%840.42M	-11.62%822.06M	-11.46%872.24M	-6.39%929.18M	-9.05%913.76M	81.36%930.11M	99.53%985.13M	80.92%992.66M	129.80%1B
Non Current assets
Investment real estate	11,456.92%249.85M	9,769.80%228.05M	9,234.34%229.55M	-22.80%2.01M	-21.57%2.16M	-20.47%2.31M	-19.47%2.46M	-18.57%2.61M	-17.74%2.76M	--2.91M
Long-term equity investment	64.53%33.62M	326.97%34.05M	375.44%23.71M	386.88%24.23M	316.48%20.43M	62.41%7.98M	1.48%4.99M	1.18%4.98M	-0.34%4.91M	--4.91M
Fixed assets	-3.68%38.88M	----	-0.47%39.43M	----	3.09%40.37M	----	134.03%39.62M	----	116.12%39.16M	----
Constru in process	-87.34%27.42M	----	-94.17%8.77M	----	53.68%216.62M	----	14.29%150.34M	----	33.39%140.96M	----
Intangible assets	-34.19%30.9M	-2.61%46.05M	-3.71%46.03M	-3.44%46.45M	-3.42%46.95M	109.99%47.28M	113.54%47.8M	113.85%48.11M	114.06%48.62M	--22.52M
Goodwill	36.43%11.48M	-22.12%8.41M	-22.12%8.41M	-22.12%8.41M	-22.12%8.41M	0.00%10.8M	0.00%10.8M	0.00%10.8M	0.00%10.8M	--10.8M
Long deferred expense	-19.07%2.82M	-50.98%2.81M	-42.72%3.15M	-17.27%3.13M	-9.74%3.49M	90.08%5.74M	56.12%5.49M	5.88%3.78M	2.16%3.87M	--3.02M
Deferred tax assets	13.19%41.01M	9.18%36.86M	10.46%36.51M	21.23%34.66M	25.88%36.23M	30.42%33.76M	31.24%33.05M	22.76%28.59M	20.70%28.78M	--25.88M
Usufruct assets	-16.45%12.86M	-26.77%11.32M	2.39%12.51M	0.07%13.6M	57.83%15.39M	23.13%15.46M	0.96%12.22M	6.87%13.59M	-26.05%9.75M	--12.55M
Other non current assets	-56.77%26.48M	10.73%80.04M	10.17%80.06M	8.80%71.02M	-4.97%61.24M	414.70%72.29M	404.64%72.67M	260.97%65.28M	333.49%64.44M	--14.04M
Total non current assets	5.32%475.31M	23.17%495.45M	28.64%488.13M	33.69%482.45M	27.47%451.29M	61.52%402.26M	54.98%379.44M	58.10%360.88M	60.01%354.04M	19.24%249.04M
Total assets	-1.35%1.36B	1.51%1.34B	0.05%1.31B	0.65%1.35B	2.51%1.38B	4.96%1.32B	72.83%1.31B	86.43%1.35B	74.91%1.35B	94.06%1.25B
Liabilities
Current liabilities
Short term loan	----	----	----	-93.19%5.45M	-84.79%6.45M	15.45%26.45M	--57.09M	--80M	--42.43M	--22.91M
Notes payable and accounts payable	4.93%148.85M	23.64%136.44M	21.38%129.06M	28.72%135.17M	4.90%141.85M	-8.02%110.35M	-9.72%106.33M	-1.38%105.01M	6.78%135.23M	--119.97M
-Accounts payable	4.93%148.85M	23.64%136.44M	21.38%129.06M	28.72%135.17M	4.90%141.85M	-8.02%110.35M	-9.72%106.33M	-1.38%105.01M	6.78%135.23M	--119.97M
Contract liabilities	18.88%20.42M	52.02%23.55M	44.99%24.15M	-4.01%22.35M	-18.95%17.17M	-17.51%15.49M	-2.49%16.66M	-4.03%23.28M	-22.43%21.19M	--18.78M
Advance receipts	55.65%156.9K	0.00%25.2K	0.00%50.4K	0.00%75.6K	0.00%100.8K	0.00%25.2K	0.00%50.4K	-77.78%75.6K	0.00%100.8K	--25.2K
Salaries payable	4.15%46.14M	25.55%43.01M	10.12%33.95M	13.18%30.76M	-2.06%44.3M	-8.72%34.26M	-14.39%30.83M	10.67%27.18M	0.34%45.23M	--37.53M
Taxs payable	-18.27%28.21M	-10.75%22.06M	-26.85%18.9M	4.80%23.01M	-9.37%34.52M	39.51%24.71M	26.70%25.84M	42.98%21.96M	27.90%38.09M	--17.71M
Other payable (including interest and dividends)	-25.06%19.02M	19.57%25.08M	102.31%18.28M	64.93%14.28M	92.38%25.39M	6.30%20.98M	-37.30%9.03M	-49.79%8.66M	-39.74%13.2M	--19.73M
-Dividend payable	----	-3.42%3.4M	----	----	----	--3.52M	----	----	----	----
-Other payable	-25.06%19.02M	----	102.31%18.28M	----	92.38%25.39M	----	-37.30%9.03M	----	-39.74%13.2M	----
Non current liabilities due within one year	317.78%25.52M	20.05%6.35M	48.49%6.82M	11.16%5.2M	14.79%6.11M	-84.69%5.29M	-16.22%4.59M	-4.48%4.68M	-16.71%5.32M	--34.57M
Other current liabilities	18.88%1.23M	52.02%1.41M	44.99%1.45M	-4.01%1.34M	-18.95%1.03M	-17.51%929.32K	-2.49%999.34K	-4.03%1.4M	-22.43%1.27M	--1.13M
Total current liabilities	4.55%289.54M	8.15%257.93M	-7.46%232.66M	-12.71%237.64M	-8.32%276.93M	-12.44%238.48M	18.47%251.42M	39.90%272.24M	16.69%302.07M	41.27%272.36M
Current liabilities
Long term loan	-8.88%84.83M	33.58%106.93M	74.05%106.93M	99.22%105.48M	200.14%93.1M	312.79%80.05M	26.72%61.44M	5.46%52.95M	-17.28%31.02M	--19.39M
Deferred tax liabilities	-10.23%2.24M	-26.54%1.92M	7.34%2.12M	2.90%2.17M	67.85%2.49M	43.84%2.61M	8.95%1.98M	10.72%2.11M	-24.89%1.49M	--1.82M
Lease liabilities	-29.83%8.26M	-43.21%6.41M	-11.39%8.42M	5.18%9.99M	87.74%11.78M	43.85%11.29M	15.46%9.5M	17.73%9.5M	-23.80%6.27M	--7.85M
Total non current liabilities	-11.21%95.33M	22.68%115.26M	61.10%117.48M	82.23%117.64M	176.89%107.37M	223.35%93.95M	24.59%72.92M	7.27%64.56M	-18.72%38.78M	-33.70%29.06M
Total liabilities	0.15%384.87M	12.26%373.19M	7.95%350.14M	5.49%355.28M	12.75%384.3M	10.29%332.43M	19.79%324.34M	32.19%336.8M	11.18%340.84M	27.39%301.42M
Shareholders equity
Paid-in capital	30.00%114.4M	30.00%114.4M	30.00%114.4M	0.00%88M	0.00%88M	0.00%88M	33.33%88M	33.33%88M	33.33%88M	--88M
Capital reserve funds	-4.00%568.17M	-3.98%568.12M	-4.38%565.72M	0.05%591.92M	0.04%591.86M	0.00%591.64M	415.92%591.64M	415.92%591.64M	415.92%591.64M	--591.64M
Surplus reserve funds	5.42%46.39M	6.04%45.08M	5.54%44.65M	7.83%44M	7.83%44M	28.83%42.51M	28.20%42.3M	23.66%40.81M	23.66%40.81M	--33M
Retained profit	-1.12%265.55M	-1.63%253.43M	-2.24%253.59M	-4.58%271.79M	-4.57%268.56M	8.96%257.62M	-3.89%259.4M	13.81%284.84M	14.23%281.42M	--236.43M
Less:Treasury stock	--21.95M	--21.95M	--21.95M	----	----	----	----	----	----	----
Shareholders equity without minority interests	-2.00%972.56M	-2.11%959.08M	-2.54%956.41M	-0.95%995.71M	-0.94%992.42M	3.24%979.77M	102.93%981.35M	116.68%1.01B	117.77%1B	--949.07M
Minority interests	15.62%4.34M	-5.56%3.6M	-5.57%3.65M	-5.75%3.7M	-5.78%3.76M	16.04%3.81M	15.51%3.86M	19.96%3.93M	19.38%3.99M	--3.28M
Total shareholder equity	-1.94%976.9M	-2.13%962.68M	-2.55%960.05M	-0.97%999.41M	-0.96%996.18M	3.28%983.58M	102.33%985.21M	116.00%1.01B	117.06%1.01B	132.59%952.35M
Total liabilityies and equity	-1.35%1.36B	1.51%1.34B	0.05%1.31B	0.65%1.35B	2.51%1.38B	4.96%1.32B	72.83%1.31B	86.43%1.35B	74.91%1.35B	94.06%1.25B
Currency Unit	CNY	CNY	CNY	CNY	CNY	CNY	CNY	CNY	CNY	CNY
Accounting Standards	CAS (2007)	CAS (2007)	CAS (2007)	CAS (2007)	CAS (2007)	CAS (2007)	CAS (2007)	CAS (2007)	CAS (2007)	CAS (2007)
Audit Opinions	Unqualified opinion	--	--	--	Unqualified opinion	--	--	--	Unqualified opinion	--
Auditor	Notary Tianye Certified Public Accountants (Special General Partnership)	--	--	--	Notary Tianye Certified Public Accountants (Special General Partnership)	--	--	--	Zhongtianyun Certified Public Accountants (Special General Partnership)	--

FY: Financial Year. Refers to the 10-K file disclosed by the listed company to the SEC.

Q: Quarter. Refers to the 10-Q file disclosed by the listed company to the SEC. Q1, Q2, Q3, and Q4 are quarterly reports each with a span of 3 months; Q6 and Q9 are cumulative reports, with Q6 including 6 months and Q9 9 months.

Middle East conflict spreads to the stock market! How should investors respond?

On April 17, the Iranian foreign minister announced the opening of the Strait of Hormuz to merchant ships, and Trump immediately posted a me Show More

牛牛課堂

Mar 4 17:09

Long-term answers | Your account on the left shrinks, while your right hand is chased by the times — Be the person that no bombardment can ever wipe out.

牛牛課堂

Mar 18 18:18

Hormuz, Term Structure and USO: Navigating the Energy Storm