Accounts receivable of the hottest listed companie

2022-10-16
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Accounts receivable of listed companies soared, coal and steel became the hardest hit areas

accounts receivable of listed companies soared, coal and steel became the hardest hit areas

China Construction machinery information

Guide: the macroeconomic slowdown, and the brake on enterprise performance growth is like a shadow, the profitability is insufficient, and accounts receivable surged. This has been intensively reflected in the third quarterly report of Listed Companies in Shanghai and Shenzhen stock exchanges just disclosed. Under the complex and severe economic situation at home and abroad, the profits of listed companies

with the macroeconomic slowdown and the "brake" of enterprise performance growth, the "confidence" of profits is insufficient, and accounts receivable surged. This has been intensively reflected in the third quarterly report of Listed Companies in Shanghai and Shenzhen stock exchanges just disclosed

in 8 Under the complex and severe economic situation at home and abroad, the profitability of listed companies is also under great pressure. According to the three quarterly results disclosed by listed companies, the performance of Listed Companies in the first three quarters of this year was worse than that of last year. As one of the important financial indicators of listed companies, accounts receivable directly reflects the operating efficiency of enterprises

according to statistics, as of October 31, the accounts receivable of 2471 listed companies reached 2.22 trillion yuan, an increase of nearly 18% year-on-year; Excluding the performance data of financial listed companies, Sinopec and PetroChina, the accounts receivable of other listed companies in the first three quarters of this year increased by more than 23% year-on-year. It can be seen that the pressure of listed companies on the rise of accounts receivable has not been relieved since this year, which has hindered the operation efficiency of enterprises to a certain extent

accounts receivable are formed by enterprise credit sales. Although credit sales can expand sales and bring more profits to the enterprise, there is also a risk that part of the loan cannot be recovered. Under the weak economic environment, the downstream market growth of enterprises is weak, while facing the pressure of costs, and the profit space of listed companies is squeezed

according to the data of Listed Companies in the industry, the year-on-year growth data of accounts receivable in major industries such as infrastructure manufacturing, coal and steel, chemical industry and nonferrous metals, which are closely related to the macro economy, are higher than the average level, reaching 30% to 40%, and the overall performance is serious external arrears. However, benefiting from coal 1, the 1 end of the solenoid valve works normally, but the plunger is rusted or there is sludge and dirt between the slide valves, which makes the plunger stuck, resulting in inaccurate transposition (not in place), small oil port or closed oil port, and small flow; Boosted by the decline in electricity prices and the rise in electricity prices, the power industry is gradually releasing its profitability, and the year-on-year growth rate of accounts receivable is also far below the average, only more than 10%, which can be described as "a single branch". From the perspective of the sector, the performance of the small and medium-sized board and the gem is more sluggish. Due to the slowdown of the macro emergency growth rate, the prosperity of most industries, especially the highly cyclical industries, has seriously declined, affecting the entire metal components industry chain

the coal industry has stepped out of the "golden decade"

coal enterprises that have experienced the "golden decade" have now entered a downturn. Due to the slowdown of national GDP growth and the cooling of market demand, the output of the coal industry, which is a typical cyclical industry, has slowed significantly. Since the first half of the year, affected by the trend of international coal prices, the domestic coal prices have fallen all the way. The coal price has decreased by about 25% over the same period last year. The market price of power coal is about 160 yuan lower than the maximum price of 800 yuan/ton stipulated by the national development and Reform Commission. The production and operation of coal listed companies have been affected

according to the statistics of coal listed companies, the performance of enterprises in the first three quarters fell by more than 70% year-on-year, while the number of coal listed companies with declining performance in the same period last year accounted for only about 20%. Sichuan Shengda's performance fell significantly, with a loss of 28.5396 million yuan in the first three quarters of this year, a year-on-year decline of 647.36%. The company said that the decline in performance was due to weak market demand due to the depth of macro-control and the financial crisis, with sales falling by about 50000 tons, while sales prices continued to fall

in addition to the impact on the performance of listed companies, the extension of the accounting period of downstream customers has also led to a surge in accounts receivable of coal listed companies. According to statistics, the increase of accounts receivable in the coal mining industry is much higher than the average level. In the first three quarters of this year, the accounts receivable of coal mining companies increased by 79.65% year-on-year

the accounts receivable of Sichuan Shengda in the first three quarters reached 132million yuan, with a year-on-year increase of 118.13%. The company explained that it was because of the weak market demand and the customers' delay in payment. Yongtai energy's accounts receivable reached 1.758 billion yuan, a year-on-year increase of 2015.26%, mainly due to the extension of the credit cycle of the company's key customers. According to the analysis of securities traders, the growth of the downstream market of listed companies is weak, and the shortage of industry funds is bound to affect the account recovery of relevant industrial chains. Fortunately, however, the pressure of coal enterprises in de stocking has been relieved to some extent, and the inventory of listed coal enterprises has increased by about 26% year-on-year

internal and external factors of steel

under the domestic and external difficulties, the performance of steel, non-ferrous metals and other industries was also difficult to improve in the first three quarters. Steel, building materials, real estate, machinery manufacturing and other industries, after the quarter on quarter increase in performance in the second quarter, fell in varying degrees in the third quarter. The performance of non-ferrous metals fell by more than 40% in the first three quarters, especially in the iron and steel industry. Its performance fell by more than 80% in the first half of the year, and by the end of the third quarter, it fell by more than 90%

the number of accounts receivable of some steel enterprises has also increased significantly. The third quarterly report of Bayi Iron and steel showed that the company's accounts receivable at the end of the third quarter was 332million yuan, while the company's accounts receivable at the end of 2011 was only 3.35 million yuan, an increase of 9830% compared with the end of last year. Bayi Iron and Steel said that the change in accounts receivable was due to the increase in credit sales of strategic customers and key projects in the autonomous region

another example is WISCO, the company's accounts receivable at the end of the third quarter was 2.542 billion yuan, and the company's accounts receivable at the end of 2011 was only 347 million yuan, an increase of 632.46%. The company said that the increase in accounts receivable was mainly due to the increase in initial funds in advance receipts

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