In 2024, Maoqian Industry Co., Ltd. maintained its upward trend in accounts receivable, with the annual amount rising to 16.2 million yuan, a year-on-year increase of 20%—remaining at a healthy well-off level and reflecting the company’s sustained business growth. The growth was supported by dual drivers: domestic demand for wooden structure buildings (driven by low-carbon policies) pushed the sales of core products up by 18%, and the export business of small wooden components expanded to Southeast Asia, contributing 18% to the total receivables.
To adapt to the expanded business scope, the company optimized its credit policy: for domestic clients with good payment history, the credit period was maintained at 60 days; for new Southeast Asian clients, a 30% advance payment requirement was added to control risks. This targeted policy kept the average receivable cycle stable at 61 days, and the recovery rate reached 98%, the highest in recent years.
By the end of 2024, 96% of the annual receivables had been collected, and the remaining 4% (0.648 million yuan) were from export clients, with payment scheduled to be completed in the first two months of 2025. The orderly management of receivables provided a solid financial foundation for the company’s plan to build a new production base in 2025.
