60天账期≠60天回款！车企账期仍普遍超200天？什么原因→

Core Viewpoint - The recent focus on standardizing supplier payment terms to within 60 days by leading automotive companies has reignited discussions around supply chain financial tools, particularly accounts receivable electronic certificates and their potential regulation [1][4][18]. Summary by Sections Supplier Payment Terms - Nearly 20 automotive companies have announced a unified payment term of 60 days for suppliers, but concerns remain regarding the calculation rules and payment methods [1][4]. - The revised "Regulations on Payment of Funds to Small and Medium-sized Enterprises" emphasizes that large enterprises must pay within 60 days and cannot force small suppliers to accept non-cash payment methods [5][19]. Supply Chain Financial Tools - Accounts receivable electronic certificates were initially designed to alleviate "triangle debts" in the supply chain and help small enterprises with financing issues, but their misuse has raised concerns [2][10]. - The market for accounts receivable electronic certificates is projected to reach 4.4 trillion yuan by 2024, with financing amounts around 3 trillion yuan [12]. Payment Methods and Their Impact - The reliance on commercial bills (商票) varies among companies, with some like BYD and GAC using them more extensively, while others like BAIC and SAIC have committed to eliminating them [3][6][7]. - The average accounts payable turnover days for major automotive companies exceed 100 days, indicating a significant delay in payments [8][16]. Regulatory Developments - New regulations have been implemented to tighten the use of supply chain financial tools, aiming to ensure that payment terms are clear and that the tools are not misused to extend payment periods [18][19]. - The recent regulations also highlight the importance of a genuine trade background for electronic certificates and set a maximum payment term of one year [19]. Future Outlook - The future of accounts receivable electronic certificates remains uncertain, but a complete ban across the industry is unlikely due to their established demand and the scale of their use by core enterprises [18][20]. - The industry is moving towards a model that emphasizes data credit over core enterprise credit, which may lead to healthier competition and development of various financial tools [21].