Credit Sale Has Become A Stubborn Disease Of Nylon Chemical Fiber Enterprises.

He Zhuosheng, President of polyamide branch of China Chemical Fiber Industry Association, pointed out that credit sale has become a stubborn disease of nylon fiber chemical enterprises.

In order to effectively control the credit sale behavior of nylon fiber industry, the China Chemical Fiber Industry Association has recently convened 8 leading people 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 problem of credit sale is not large in the whole industry, and the number of days on account is usually 5~15 days, the longest being 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

It also increases the financial cost of enterprises, increases the risk of capital and bad debts, and aggravates market competition.

The participating enterprises discussed and studied standardized sales and debts.

The detailed work plan has determined the sales mode of cash in stock since September 2015, and according to the respective conditions of enterprises, the plan for debt collection of enterprises has been worked out.

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

According to the statistics of China Chemical Fiber Industry Association, from 2012 to 2014, the output of polyamide fiber (polyamide) in China 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 the production of nylon fiber products over the past 20 years and pform the production of engineering plastics.

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

The Yiwu Huat nylon Limited by Share Ltd, which is influential in the domestic polyamide industry, is also in the predicament 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.