In 2022, Maoqian Industry Co., Ltd. continued its upward trend in accounts receivable, with the annual amount rising to 11.2 million yuan, a year-on-year increase of 17.9%—remaining at a healthy well-off level and matching the company’s business expansion pace. The growth was supported by two new businesses: wooden structure maintenance services (contributing 12% to receivables) and export of small wooden components (contributing 8%).
Facing regional operational uncertainties, the company strengthened cross-departmental collaboration (sales + finance) to track receivables: the finance department sent payment reminders 15 days before the credit period expired, and the sales department communicated with clients to resolve potential payment issues. This measure kept the average receivable cycle stable at 63 days, with a recovery rate of 97%.
By the end of 2022, 93% of the annual receivables had been collected, and the remaining 7% (0.784 million yuan) were from export clients (scheduled to be recovered in early 2023). The orderly receivable management ensured the company’s cash flow security, supporting its stable development amid market fluctuations.
