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中国12家上市车企应付账款逼近万亿大关|独家
24潮· 2025-06-12 22:09
Core Viewpoint - Major automotive companies in China have committed to reducing supplier payment terms to no more than 60 days, reflecting a national strategy to combat internal competition in the automotive industry [1][2]. Group 1: Industry Overview - As of the end of 2024, the total accounts payable and notes payable of 12 major listed automotive companies reached 960.93 billion yuan, a year-on-year increase of 15.05%, accounting for 55.39% of their total current liabilities, which is a 3.71 percentage point increase [2]. - The companies with the largest accounts payable are BYD and SAIC, both exceeding 240 billion yuan [3]. Group 2: Growth Trends - The fastest-growing companies in terms of accounts payable over the past year (2023-2024) are BAIC Blue Valley (up 136.78%), Seres (up 127.04%), and Geely (up 46.34%) [3]. - Over the past decade (2015-2024), BAIC Blue Valley has seen the most significant growth in accounts payable, increasing by 1866.53 times [3]. Group 3: Payment Turnover Efficiency - In 2024, all 12 listed automotive companies had accounts payable turnover days exceeding 60 days, with GAC Group having the highest efficiency at 74.75 days, while Zotye had the lowest at 361.76 days [3][4]. - BYD and Geely have similar turnover days, both around 125-130 days [3]. Group 4: Comparative Analysis - Tesla's accounts payable turnover days in 2024 were only 60.36 days, highlighting a stark contrast with Chinese automakers [5]. - The success of Tesla is attributed to its focus on "coexistence and win-win" relationships with suppliers and continuous technological innovation [5].