《大行》花旗:如電池供應鏈承諾60天付款 行業淨利潤或跌不多於7%
花旗研究報告指近日各內地車企均承諾會於承諾在60天內向其供應商付款,以回應政府要求。目前電動車電池行業亦有延長付款周期的問題,企業的應付天數超過250天。如果60天付款的規則適用於電池供應鏈行業,該行預計電池及正負極生產商的現金狀況將受到負面影響,因為目前的應付天數長於應收天數,且兩者均超過60天,部分生產商甚至可能需要尋求額外現金流以維持營運資金。
該行料今年電池及正負極生產商的淨利潤亦會因利息收入減少而下降,但影響或不超過7%。至於恩捷股份(002812.SZ)則有正面影響,因為目前應收賬款天數長於應付賬款天數,預計集團今年的淨利潤將增長9%。
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