Avic Xi'An Aircraft Industry Group Company Ltd. stated on March 17 that the company operates within the aerospace equipment manufacturing industry. This sector is characterized by extended production and delivery cycles for its products, as well as uneven annual customer repayments, which are typical industry traits. These factors contribute to the company's relatively high accounts receivable balance. However, the majority of these receivables are aged under one year, and the primary customers maintain good creditworthiness.
The company places significant emphasis on the recovery of payments. Its approach includes, first, establishing a categorized collection mechanism for receivables through a dedicated recovery team. This team conducts analyses of the aging structure of accounts and closely monitors customer repayments to ensure timely collection. Second, the company implements strict monitoring of cash flow processes, formulating tailored clearance plans for individual items. Efforts begin at the business source to enforce responsibility and strengthen implementation. Third, it refines the arrangement of fund receipts and expenditures to continuously enhance cash flow management capabilities.
Moving forward, the company will focus on high-quality development, comprehensively deepen efforts to improve quality and efficiency, strive to enhance operational performance, and create greater value for shareholders.
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