If the entire paper industry chain is combed from the upstream, it is found that most of the enterprises except the Nine Dragons Paper, regardless of which link or end of the industry chain, are deeply troubled by lack of money, and urgently need innovative financial services. .
In the past two years, environmental protection has become an important measure for the supply-side reform, and it has become the "Sword of Damocles" hanging over the top of the traditional manufacturing industry. The paper industry is no exception, and the production and production limit is unprecedented. The contraction of paper supply has brought a piece of paper prices to rise.
According to the statistics released by the Bureau of Statistics, the revenue from the business of paper and paper products in January-August 2018 increased by 11.9% year-on-year, which seems to be very good. However, the year-on-year growth rate based on the accumulated value of the main business income is -8.7%. Worry; this increase and decrease, the direction is south, the difference is 20.6 percentage points. Although there have been deviations in 2014-2015, it is far less extreme than this year.
Not only the main business income, the cumulative total profit growth and the cumulative value of the year-on-year growth rate also deviated. From January to August 2018, the total profit of paper and paper products industry increased by 7.8% year-on-year; however, the year-on-year growth rate based on the accumulated value of total profit was -15.7%, which was 23.5 percentage points difference!
In fact, if the entire paper industry chain is combed from the upstream, it is found that most of the enterprises other than Nine Dragons Paper, regardless of which link or end of the industrial chain, are deeply troubled by lack of money, and urgently need innovation. Financial services.
Paper packaging industry chain is lacking money, paper mills are the worst
To analyze the financial needs of the paper industry, we must start with the structure of the industrial chain. Among the paper industry's overall industrial chain, including pulp and other raw material producers, paper equipment suppliers, paper companies, paper products producers and downstream distributors.
For paper mills, upstream funding pressures come mainly from three aspects:
1. The national waste price is still at a high level. According to the data, due to the external waste contraction, the national waste price is always at a higher position. Since 2018, the price of waste paper has been on the rise. At the beginning of May, there was a wave of explosions that caused the waste paper market index to break through the 3,000 mark.
2. The middlemen are now leading to the gradual monopoly of waste paper resources. Intermediary cash settlements are very attractive to individuals and packing stations that collect waste paper. Usually, a price discount of about 1% is required (if the supply is twice a month, the annualized interest rate is as high as 24%), which is almost monopolized. “Enterprises have to buy waste paper, they can only buy it from the middlemen, and they are asking for the price. Coupled with the current restrictions on waste paper imports, the cost has been rising, and we are not in a good position to control the supply of raw materials. "A person from a paper listed company said this.
3. If you want to cross the middlemen, you should also use the cash settlement directly with the individuals and packing stations that collect waste paper. As a result, a considerable portion of the funds need to be ready to pay for the goods, which puts higher demands on the efficiency of the company's liquidity. "We have to do with hundreds of upstream every day, and we have about 500 million purchases every month. The payment pressure is very high, and the bank does not have much credit available." An industry insider said.
With the industrial upgrading, environmental protection, paper mill equipment, products, industrial chain, etc. into a self-adjustment and optimization stage, the resulting capital demand, industry changes are constantly growing pressure on paper mills.
In this context, paper mills have no choice but to turn to the downstream market to ease the difficulty of capital turnover.
For downstream distributors, due to the cyclical impact of sales in the paper industry, buyers often stagger the sales season to purchase, which easily leads to redundant inventory and capital occupation. The cost can not be lowered, sales can not be raised, the entire paper packaging industry chain, whether large or small enterprises, lack of money from beginning to end.
It can be seen that funds, especially cash flow, are particularly important for enterprises to expand production scale and improve the quality of technology and product services.
How to solve the problem of lack of money? Cash purchase?
The cash purchase solution adopts a payment method similar to the current one, so that the waste paper packing stations and individuals upstream of the paper mill can get the money immediately after selling the waste paper, while at the same time extending the payment cycle of the paper mill to the capital side, thereby increasing the payment period. A lot of operating cash flow to support business development.
The paper mill can also maintain a good relationship with the waste paper packing station to ensure the stability of the supply chain. Can also have a stronger voice and bargaining at the waste paper packing station, reducing procurement costs. This allows the paper mill to get more liquidity available and is not reflected in short-term borrowing.
Let's take a quick look.
The annual processing scale of a large paper mill is 100 million, and the procurement is 12 times a year. The procurement scale involved is 1.2 billion. The average turnover days are 30 days.
Through the “cash procurement†program, the scale of purchase remains unchanged, and the upstream settlement is made after the account is settled. At the same time, the payment period for the funder is extended to 180 days, and the paper mill can add an additional 500 million operating cash flow. Moreover, because upstream gets money in advance, paper mills can talk to upstream about lower purchase prices.
If the average balance of accounts payable is 500 million, the scale of purchases involving cash settlement is 6 billion. Correspondingly, the additional operating cash flow that can be obtained is also 2.5 billion.
Of course, reality is often cruel. As one industry source said, “Cash purchases are too much for most companies. Even if they lack money, the way to get goods in cash is only realized shortly when raw materials rise wildly, when the industry chain is downstream. When the end is not in a hurry to stock up, because the wolf is less meaty, especially in the carton factory, in order to compete for customer orders, it is difficult to ask the end users to purchase cash.
Editor in charge: Zheng
Article source address: http://
Our height adjustable workbench is made of high-carbon steel, and the surface treatment is powder-coated, which is durable. Below the simple appearance are the sturdy steel lifting column legs, which can bear a maximum weight of 120kg, which can meet daily needs. The adjustable workbench composed of four lifting columns has very good stability during the lifting process and will not shake or slide. The panel can be matched with a length between 79 inches and 94 inches, and a customized size service is provided for a variety of purposes, just for the product to better adapt to your use. 4 different height memory settings to adapt to almost any chair height or people of any height.
Adjustable Height Workbench,Height Adjustable Workbench,Adjustable Workbench,Electric Sit Stand Table,Adjustable Work Table
Suzhou Uplift Intelligent Technology Co., Ltd , https://www.upliftecdesks.com