Pangang (SZ:000629) Sou Hu Cai Jing·2025-10-30 07:58Core Viewpoint - The company has developed an innovative "accounts receivable true financing" model in collaboration with China Agricultural Bank, leveraging real transaction data from the supply chain to enhance financing efficiency for small and medium-sized enterprises [1][3]. Group 1: Innovation in Financing Model - The new model breaks the limitations of traditional "confirmation financing" by eliminating the need for core enterprises to provide written confirmation or consent for accounts receivable, and it does not occupy the credit limits of core enterprises [3]. - This innovation addresses three major pain points in traditional supply chain financing: lengthy confirmation processes, low approval efficiency, and high occupation of enterprise credit limits [3]. Group 2: Benefits for Small and Medium-sized Enterprises - The model provides a safe and efficient financing channel for small and medium-sized enterprises within the supply chain, effectively alleviating their cash flow pressure and significantly improving the overall efficiency of fund utilization in the supply chain [3]. Group 3: Future Development Plans - The company plans to use the successful implementation of "true financing" as a new starting point to build an embedded supply chain financial system that focuses on procurement as the entry point, data as risk control, and services as the carrier [5]. - Future initiatives include deepening centralized procurement fund management innovation, creating standardized payment service brands, and expanding financing channels and credit limits to better support the operational needs of the company [5].