Reporter Gao Ruoying Beijing report Economic Observer jointly represented the Small and Medium Enterprises Promotion Association in the core economic region of China, and conducted a normalized fourth quarter survey on the financial security, funding gap, account period and other operating conditions of small and medium-sized enterprises. In addition to the survey on the cash flow status of enterprises, we also paid extra attention to the participation of enterprises in the exhibition this time. This survey received 108 effective feedbacks, and 88% of the surveyed enterprises were midstream and upstream enterprises in the industrial chain targeting production/service institutions.
survey data shows that 52.78% of companies said that the number of exhibitions this year has "been smaller" compared to last year. Among the companies that are willing to participate in the exhibition, 53.26% believe that the effect of participating in the exhibition this year is "lower than expected". The two main reasons below expectations are: exhibition delays and insufficient passenger flow.
Cash flow : Without revenue and new financing, 46% of enterprises said that the cash on hand can support the survival of enterprises for more than 2 quarters, and 32% of enterprises said that they can only support survival within one quarter.
It is worth noting that 75% of companies said that there was no funding gap in the quarter, up 15% month-on-month. In this regard, Xie Hong, president of the Guangdong Small and Medium Enterprises Development Promotion Association, who participated in the research, believes that many small and medium-sized business owners are still "deficient in confidence" and are cautious and wait-and-see in venture capital projects and orders with long account periods. "Don't accept orders, do not pursue growth, and maintain the status quo, the cash flow status of enterprises has been improved to a certain extent."
. Among the 25% of enterprises with funding gaps, 66.67% of enterprises mainly come from the "liquid capital gap", and 22% of enterprises with "investment capital gap" rose slightly compared with the third quarter. Compared with the same period last year, 55.56% of companies expect the funding gap to "grow" this quarter, slightly narrowing from the previous month.
Accounts receivable: About 85.2% of enterprises said that the main products of enterprises in the last quarter had accounts receivable. Among them, the proportion of enterprises with an average number of accounts receivable in the last quarter was 30-60 days (35.87%). 61.96% of enterprises have an average number of days of accounts receivable for more than 60 days, showing an upward trend month-on-month, of which 10.87% of enterprises have reached more than 180 days.
56.52% of the companies said that compared with the same period last year, it is expected that the trend of changes in corporate accounts receivable account periods in this quarter will be "longer". Among them, the proportion of enterprises (45.65%) with accounts receivable accounted for 20%-40% of total revenue in the last quarter was the highest, up 28.6% month-on-month, with a total of more than 60% of enterprises accounting for 16.31%. Compared with the same period last year, it is expected that the proportion of accounts receivable to total revenue will be "basically the same" in this quarter, accounting for 54.31%.
Enterprise exhibition: In terms of willingness to participate in the exhibition, 48.14% of enterprises said they were "positive" and even had "strong" demand. Among the actively exhibited companies, 47.83% of the companies have the need to participate in overseas exhibitions, but 65.9% of them said that "did not participate in overseas exhibitions this year" and 37.65% of the companies said that their biggest demand for participating in overseas exhibitions is "to explore overseas markets."
The following is a survey questionnaire:
