Automobile parts industry issued a warning for money shortage

Recently, some media exposed that the bank loans of famous domestic diesel engine enterprises were overdue and the capital chain was very tight.

Since May of this year, the "money shortage" of the banking industry has spread. Relevant experts believe that the impact of such a tension on the real economy cannot be ignored. If the liquidity problem is not improved, it will have a great impact on the real economy.

Relevant data show that "money shortage" has affected the auto finance business, and some commercial banks and auto financial institutions have significantly slowed down the pace of approval and lending to auto loans.

However, the greater concern for the auto industry is that, with the recent downturn in the auto market, in the context of the bank’s “money shortage”, the financing difficulty and cost of dealers will increase, and the capital chain will face new challenges. As a result, car companies that are expanding their channel networks may also slow the pace of market expansion. The poor performance of self-owned brand auto companies in the market directly affects the sluggish sales of spare parts products matching the market, slow return of funds, and the pressure on the survival of self-owned brand auto parts enterprises.

At present, the "money shortage" crisis has been more than a month. Has auto parts companies been affected? This reporter conducted a survey.

â–  Parts companies are not significantly affected

The reporter interviewed several parts and components companies and related units. The survey results show that people in the industry generally believe that the current “money shortage” has not affected the operation of parts and components companies, and the operation status of the enterprises is normal.

Qin Jian, general manager of Jiangsu Kelansu Automotive Environmental Protection Technology Co., Ltd., said: "The 'money shortage' has not adversely affected the company's production and operation. At present, the company's capital is abundant and the investment in new projects is very smooth. Everything is within the budget. “Zhao Yuliang, Marketing Manager of Shandong Aotong Tire Co., Ltd., and Luo Tao, Assistant to President of Zhejiang Luoshi Shock Absorbing Material Co., Ltd. also told reporters that at present, business conditions are all normal and have not been affected by the “money shortage”.

Far East International Leasing Co., Ltd. is a company specializing in financing leasing services for auto companies. Luo Yufang, deputy general manager of the company’s industrial equipment division, told reporters in an interview: “Although the problem of 'money shortage' has intensified, the company has not been affected. Judging from the situation in the first half of the year, the number of companies seeking financial leasing services in the second half of the year will not change much, basically equal to the first half of the year.

â–  Parts companies financing more

Auto parts companies are relatively calm in the face of “money shortage” and are not limited to bank credit, more financing methods, and reasonable use of funds.

Zhao Lanliang told reporters: “SMEs are bad lending to bank loans, and our financing channels are still relatively large. The company mainly cooperates with Wuzhou Futian, and when it comes to signing financing contracts, it generally uses the money from the customer’s side and sends it to the customer. In the case of cargo or other capitalization, the proportion of bank loans in the capital chain is relatively small."

"Bank credits account for 50% to 60% of the company's entire financing channel. The reason why it is not affected by the 'money shortage' is that the company's control of cash flow is better. On the other hand, the bank's credit line for the company is relatively high. In the second half of the year, there are new project inputs, and sales are expected to increase by 30% to 35% over last year, Luo Tao told reporters.

"The company has a good relationship with several banks. They are optimistic about the environmental protection project and are willing to cooperate with us." Qin Jian said, "If there are any real problems with the funds, I believe the company will have no problem with the loans."

A company producing automobile airbags in the industry also stated: “One of the shareholders of the company is a relatively large investment company. In the initial investment process, there is a surplus of funds, so the company’s cash flow is adequate. In addition, the company’s scale is not very large. There are hundreds of thousands and millions of inputs, which is relatively small, so it is sufficient."

â– There is "shortage of money" aftershocks pressure

Financial institutions related parties have said: "This year's funding shortage is the most serious one in history. Perhaps this "money shortage" will continue until mid-July." Although July has passed, the interview learned that auto parts companies are currently also Not yet affected, but there are still hidden concerns. Feng Binhua, executive deputy secretary-general of the Zhejiang Automobile and Motorcycle Fittings Association, said that "money shortage" has a great impact on the real economy. The real lack of money is in the form of entity companies. If there is no new policy in the second half of the year, auto parts companies will certainly have some pressure.

Zhao Xiaoliang believes: “If the situation does not change in the second half of the year, I think that more or less of the companies will be a little pressured. If the market conditions are good in the second half of the year, the funds will be able to return and the operating conditions will be better; if the market conditions are still like the first half of the year, banks If the loan is also very difficult, business operations will face difficulties."

Luo Yufang told reporters: “I think the 'money shortage' may affect the investment of SMEs, and they do not dare to invest in new technology research and development or new projects. We will gradually reduce the cooperation with small enterprises, mainly to grasp the medium-sized enterprises, choose high quality The cooperation of medium-sized enterprises is also a key to the optimization of our industrial structure."

In addition, Liu Yongzhu, deputy director of the Parts and Components Division of the China Automotive Industry Association, believes: “The difficulty of loaning for parts and components companies is a long-term problem, not because of the 'money shortage'. The pressure exists but banks are relaxing the lower limit of the loan interest rate, I think this It is good news for parts and components companies. The key to the survival of parts and components companies is technology and markets. 'The money shortage' has an impact, but it does not have a decisive role.'