“账期漫长”顽疾有望破解

Core Viewpoint - The automotive industry in China is addressing the long-standing issue of extended payment terms for suppliers, with several major car manufacturers committing to a maximum payment period of 60 days to enhance the efficiency of the supply chain and support small and medium-sized enterprises [2][3]. Group 1: Industry Developments - The 2025 Chongqing International Auto Show featured the launch of 93 new vehicles, highlighting the collaborative efforts needed among suppliers, automakers, and dealers for the high-quality development of the new energy vehicle industry [2]. - Major automotive companies, including China FAW, Dongfeng Motor, and BYD, have pledged to implement a supplier payment term not exceeding 60 days, aiming to improve cash flow for small and medium enterprises [2]. - The Ministry of Industry and Information Technology and the State-owned Assets Supervision and Administration Commission have issued directives to stabilize the supply chain and promote high-quality development in the automotive sector [2][3]. Group 2: Financial Challenges - The accounts receivable turnover days in the automotive parts industry have been on the rise, indicating a growing challenge with long payment cycles for suppliers [3]. - Suppliers in various segments, such as automotive fasteners and electronic components, report facing payment cycles of 6 to 12 months, leading to significant financial strain [3]. - Analysts warn that unresolved long payment terms could hinder the efficiency of fund circulation within the supply chain, particularly affecting small suppliers who may struggle with cash flow and profit margins [3].