金現代即將上市 應收賬款迴流艱難 壞賬風險不容忽視
格隆匯4月24日丨在4月10日金現代(300830.SZ)發佈的最新版招股書中,公司自行披露了15大風險,其中有3大風險對公司的經營影響較大,分別為客户集中度較高的風險、應收賬款可能產生壞賬損失的風險和現金流量風險。應收賬款方面,2017年末、2018年末和2019年末,公司應收賬款淨額分別為2.95億元、2.98億元和4.00億元,分別佔各期末流動資產的54.50%、46.33%和56.95%。雖然公司成立至今未發生大量應收賬款壞賬的情況,但公司應收賬款數額較大,且佔流動資產的比例較高,仍然存在應收賬款不能及時回收從而帶來壞賬損失的風險。此外,招股書顯示,金現代1-2年的應收賬款佔比仍較大,常年在20%左右,2年以上的應收賬款佔比在逐年增長,也説明了公司應收賬款迴流艱難。
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