Textile And Garment Industry Accounts Receivable Increased By 32.3% Over The Same Period Last Year.

Influenced by the international economic environment, China

Exports are difficult to pick up, and inventories are also increasing compared with previous years, which correspondingly leads to a difficult return of upstream industries.

According to flush iFinD statistics, as of yesterday, the 65 listed companies of textile and garment industry disclosed the total amount of accounts receivable in 2012, which totaled 14 billion 269 million yuan, an increase of 3 billion 484 million yuan over the 10 billion 785 million yuan of accounts receivable in the middle of 2011, an increase of 32.3% over the same period last year.

An accountant from a financial company analyzed to a Securities Daily reporter that if a company's accounts receivable are excessive, it may affect the normal operation of the company, especially if the money is not received in time, it will also affect the cash flow of the company.

Accounts receivable increased by 33% over the same period last year.

According to public information, according to the report written by the Enterprise Research Institute of the development research center of the State Council, we should be vigilant against the current "triangle debt" problem of new enterprises. As of March 2012, accounts receivable for industrial enterprises in the whole country amounted to 7 trillion and 120 billion yuan, an increase of 17.74% over the same period last year, the highest level since 2009.

According to the above statistics, the growth rate of accounts receivable in textile and garment industry has reached 32.3%, which is far higher than the growth rate of accounts receivable of industrial enterprises in China.

Data show that among the 65 listed companies in the textile and garment industry, 38 accounts receivable account for over 100 million yuan.

Among them, the accounts receivable of INTERCHINA group, AOKANG international and black peony ranked the top three, and the accounts receivable of the company were 1 billion 472 million yuan, 1 billion 62 million yuan and 1 billion 33 million yuan respectively.

Among them, the accounts receivable of Jihua Group and AOKANG international increased by more than twice that of the same period last year.

In addition, when consulting the statistical data, reporters found that if the accounts receivable account for the age of accounts, the largest amount of accounts receivable within 1 years, at the same time, the provision of bad debts is the most.

According to statistics, the total accounts receivable of 63 listed companies within 1 years amounted to 12 billion 295 million yuan, and the total amount of bad debts was 500 million yuan.

In addition, accounts receivable accounts for 1-2 years, 2-3 years and 3 years or more, the total amount of accounts receivable is between 1-3 billion yuan, of which, accounts receivable account for more than 3 years is the highest amount of bad debts, nearly 9 of accounts receivable are bad debts.

Statistics show that there are 57 families.

The total amount of accounts receivable in 1-2 years was 296 million yuan, and the provision for bad debts was 46 million 98 thousand and 500 yuan. The total accounts receivable of 54 listed companies amounted to 122 million yuan in 2-3 years, and the provision for bad debts was 32 million 612 thousand yuan. The total accounts receivable of 44 listed companies over 3 years were 299 million yuan, and the allowance for bad debts was 263 million yuan.

Doubtful accounts receivable of Black Peony

"The surge in accounts receivable will inevitably affect the company's cash flow.

If the turnover is not open, it will affect the normal operation of the company. "

Some accountants say so.

According to flush iFinD statistics, the net cash flow generated by the activities of 19 textile and garment companies is negative.

Among them, the net cash flow generated by Black Peony's business activities is -3.5 billion, ranking at the end of the cash flow charts.

This shows that the funds of black peony are somewhat tense.

According to the 2012 China Daily, the monetary fund of black peony was 2 billion 674 million yuan, short-term loans were 2 billion 353 million yuan, and the non current liabilities due in one year were 446 million yuan, and there was a shortfall of 125 million yuan in short term.

At the same time, Black Peony's long-term borrowing is as high as 2 billion 1 million yuan.

In addition, the 2012 China Daily reported that black tree peony accounts receivable amounted to 133 million yuan, an increase of 20.37% over the same period last year.

However, according to statistics, the 5 debtors of black peony owe 862 million yuan.

Among them, the most arrears are Changzhou new North District Urban Management and Construction Bureau (hereinafter referred to as "Xinbei urban construction"), with a total amount of 721 million yuan.

For this arrears, investors told the media that there were problems in the accounts receivable of the new peony city built by the black peony. The main problem is that the accounts receivable of the new city built in the second half of 2011 to the first half of 2012 will be about 5000000 yuan more than that of the new city.

"This situation is not normal. Generally speaking, only receivable is less than operating income."

An accountant told reporters.

According to the 2012 China Daily report, the first five customers of black peony accounts receivable should receive 721 million yuan in the new North City, and accounts receivable aged less than 1 years.

That is to say, the accounts receivable occurred in the second half of 2011 to the first half of 2012.

By calculation, in the second half of 2011 and the first half of 2012, Xinbei urban construction

The total amount is 612 million yuan, if the tax is 716 million yuan, which is about 5000000 yuan compared with the 721 million yuan that the Black Peony should receive in the 1 year period of Xinbei city construction.

In this regard, some accountants questioned whether the company counted the wrong accounts.