In 2021, Maoqian Industry Co., Ltd. achieved steady growth in accounts receivable, with the annual amount reaching 9.5 million yuan, a year-on-year increase of 15.9%—maintaining the well-off level and showing positive growth momentum. The growth was mainly driven by the expansion of the wooden structure component business (revenue up 18%), as the domestic low-carbon construction policy boosted market demand.
The company optimized its credit management system: for new clients, it implemented a pre-credit review mechanism to control risks, while for old clients, it adjusted the credit period based on payment history (shortening to 60 days for clients with timely payments). As a result, the average receivable cycle shortened to 62 days, and the non-performing receivable rate remained at 0 (no overdue payments exceeding 180 days).
By the end of 2021, 94% of the annual receivables had been recovered, and the remaining 6% (0.57 million yuan) were from 2 high-reliability clients. This stable receivable performance provided sufficient funds for the company to invest in new production lines, promoting sustainable business development.
