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在供应链融资中,回购担保义务使得主机企业在经销商不能按期偿还贷款时需要代为偿还,这构成了主机企业的或有负债,存在潜在的偿债风险。工程机械市场产能过剩,特别是装载机等土方机械产品,无论主机企业还是经销商,都面临应收账款高居不下、呆账坏账比例上升、盈利能力持续下降,经营风险快速扩大等困境。在现金流日渐紧张的局面下,如何权衡风险与收益,遏制应收账款不断攀升,已经成为工程机械行业必须深入思考的重大问题,探索新的融资渠道势在必行。
In the supply chain financing, repurchase guarantee obligation makes the host company need to repay when the dealer can not repay the loan on schedule, which constitutes a contingent liability of the host enterprise, and there is a potential debt repayment risk. Excess capacity of construction machinery market, especially loaders and other earth moving machinery products, regardless of the host business or dealer, are facing high accounts receivable, bad debts ratio increased, profitability continued to decline, the rapid expansion of operating risks and other difficulties. Under the condition of increasingly tight cash flow, how to weigh the risks and benefits and curb the rising of accounts receivable has become a major issue that the construction machinery industry must think deeply. It is imperative to explore new financing channels.