Now, even we do this upstream fluorescent powder materials which are owed money. ” Talking about the LED industry of trigonometry debt, Li Yi (a pseudonym ): ” cherish a deep-seated hatred for business when you speak goods to the payment, but once the goods to customers, have a heap of reason prevaricate. ”
Li Yi is one of the main LED Down Light fluorescent powder materials company general manager, before a few years the rapid development of industry to the company to bring rich and generous profit, in recent years the company is planning a listing. But recently, the industry of triangular debts continue to spread.”
Equipment factory and factory lamps used a longer account period, but our material factory previously used in a short period of time to pay, we buy rare earth material is to use cash to. we can not be timely recovery of cash, cash is difficult to continue. ” Li Yi told the Securities Times reporter, phosphor material manufacturers is bigger, and the majority of the cash transaction, if the downstream firms credit seriously, be equal to enterprise interest-free support customer operating funds, but also take the price risk of rare earth. The funds for the weak strength of small and medium-sized enterprises, especially prone to cracking of the capital chain.
In fact, this chain of debt risk has partial exposure. By the end of 2011, with Shenzhen Jun Tatsutaro as the representative of the group of Southern China region led diode display because the enterprise fund chain break and close down in succession. November of this year, photoelectric closed after about 20 million of the payment in arrears discovered, supplier surfaced, Southern China, East China and many listing Corporation are temporarily which will be unable to recover.
At present, the company involved in the LED industry innumerable, industry chain debts have spread. Only from a public information listing Corporation, as of the three quarter of this year, with the led diode industry in the 21 listing Corporation accounts receivable balance total up to $5519000000, payable balance reaches 34 million RMB, the company total accounts receivable already accounted for the first three quarters of the total revenue 89.13%.
At present, some listing Corporation put part of accounts receivable to commercial bills, so from the results we can seen on the amount.
The company knows the credit funds smooth Road, on the supplier psychology. ” A lot of downstream manufacturers are no cash payments to suppliers. Supplier has no way, do not continue to supply means that the inventory backlog and carrying a loss. ” A domestic chip companies responsible person said reluctantly.