Jing Ji Guan Cha Wang·2025-06-17 07:28Group 1 - Major automotive companies have collectively announced a reduction in supplier payment terms to 60 days, highlighting the ongoing issue of supply chain pressure [1] - The long payment terms in the automotive industry have been exacerbated by the dominance of leading manufacturers over weaker suppliers, creating an unfair distribution of benefits within the supply chain [2][4] - Prior to the implementation of the "Regulations on Ensuring Payment to Small and Medium-sized Enterprises" on June 1, the average payment term for major car manufacturers was 170 days, with some exceeding 240 days, significantly longer than the international standard of 60-90 days [2] Group 2 - The automotive industry has a complex supply chain that inherently leads to longer payment cycles due to the nature of production and the use of acceptance bills for financing [3] - Similar practices of extending payment terms are observed in the home appliance sector, where leading companies impose long payment terms on their suppliers, resulting in significant accounts receivable balances [3][4] - The pressure to lower prices is being passed down from major automotive manufacturers to their suppliers, with some suppliers facing demands for price reductions of up to 20% [5][6] Group 3 - The profit margins of component suppliers are under severe pressure, with some companies reporting negative net profit margins due to ongoing price reductions and extended payment terms [7] - Major manufacturers are utilizing supply chain finance platforms to further exert pressure on suppliers, leading to high financing costs for smaller companies [8] - The establishment of accounts receivable financing platforms by leading companies has resulted in annualized financing costs for suppliers exceeding 10%, creating a detrimental financial environment for smaller enterprises [8]