China Chemical Fiber Industry Association Notified Industry Arrears Customers Survey Results

Credit sale has become a stubborn disease of nylon chemical fiber enterprises and effective management.

On credit sale, the China Chemical Fiber Industry Association has recently convened the 8 leading enterprises of nylon polyamide filament leading enterprises in Changle Liheng polyamide Technology Co., Ltd., and announced the survey results of the arrears of customers in the industry.

In 2012, the credit sale problem of nylon fiber chemical industry was not large in the whole industry. The number of credit sales days was generally 5~15 days, the longest was 1 months.

But in 2014, credit sales began to start from 2~3 months, and some credit hours lasted for half a year, and nearly 90% of the manufacturers' orders were involved.

He said that credit sale is a "double-edged sword". On the one hand, it has enabled a group of nylon enterprises to rapidly improve their market competitiveness and expand sales.

On the other hand, a large number of credit sales also increase the financial cost of enterprises, increase the risk of capital and bad debts, and aggravate market competition.

The participating enterprises discussed the detailed work plan of regulating sales and clearing accounts receivable, and determined the sales mode of cash in stock since September 2015. According to the respective circumstances of enterprises, the plan of debt collection for enterprises should be worked out.

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In recent years, the output of polyamide fiber (polyamide) has increased rapidly in China.

Statistics show that from 2012 to 2014, the output of China's polyamide fiber (polyamide) was 2 million 23 thousand and 400 tons, 2 million 324 thousand and 800 tons and 2 million 500 thousand tons respectively.

With the rapid growth of production, the prices of nylon fiber (polyamide) products continue to decline, and the overall profit margins of the industry are narrowed.

According to the statistics of China Chemical Fiber Industry Association, the capacity of nylon fiber industry has increased by nearly 80% in recent years, but the operating rate of enterprises has dropped from 75% in 2009 to 55% in 2014.

The excess capacity of nylon fiber and the lack of market demand have become an important factor restricting the development of enterprises.

Take Tianjin Haifeng chemical fiber fabric Co., Ltd., the largest chemical fiber enterprise in North China as an example.

The company has 1100 employees. It is a state-owned enterprise producing warp knitted products and weaving products. It produces 600 tons of warp knitted products annually.

"Due to the influence of market demand and overcapacity, our company has had a pressure storage phenomenon since 2012. By 2014, its inventory reached nearly 600 tons, which is equivalent to the total output of the company for 1 years, resulting in difficulties in the operation of the company.

At the beginning of this year, we had to end 20 years.

Production of chemical fiber products, pformation of engineering plastics. "

Shi Qingjun, general manager of the company, said with a look of resignation.

The Yiwu Hua Ding nylon Limited by Share Ltd, which is very influential in the domestic polyamide industry, has also fallen into the plight of overcapacity.

Ding Ermin, general manager of the company, said that in 2014, due to the obvious expansion of the capacity of the nylon industry, the overall market of the downstream textile market was light, the demand decreased, and the contradiction between supply and demand was prominent.

In 2014, the net profit of attributable to shareholders of listed companies fell by 193.02% compared with the same period last year due to the continuous downward price of polyamide industrial chain, the decline in gross profit of product sales, and the provision for depreciation of inventory.