On July 12, Yufeng Group held a business analysis meeting for the first half of 2024. The meeting summarized the production and operation situation in the first half of the year, analyzed the current situation, and arranged for the deployment of key work in the second half of the year. Lei Zhenbin, Party Secretary and Chairman of Yufeng Group, attended the meeting and delivered a speech.
Lei Zhenbin pointed out that we should pay attention to cash flow. Be sure to maintain the sensitivity and sense of responsibility for cash flow at all times and attach great importance to it; all secondary subsidiaries shall enhance their risk awareness, keep abreast of the capital situation in a timely manner and improve their operating conditions.
At the first half of the Southwest Yufeng Economic Operation Analysis Conference, Lei Zhenbin emphasized that we should focus on the "two gold" pressure drop, further strengthen the collection of accounts receivable, and ensure that the operating cash flow is positive.
"He who seeks the length of a tree must consolidate its root; he who anticipates the length of a stream must dredge its source.". Cash is the lifeblood of a business. Only with sufficient cash in hand, can enterprises maintain stability in times of economic fluctuations and cope with external challenges; only by ensuring the stability of cash flow, can enterprises maintain vitality and achieve sustainable development.
"Cash is king" is to ensure sufficient liquidity of enterprises, to meet the needs of operation, investment and debt repayment, and to promote sustainable development. It is also the fundamental policy to prevent the risk of capital chain rupture and comprehensively enhance the ability of prevention and response. Zhang Xiaohua, chairman of
Red Lion Group, has also pointed out that when the industry situation is grim, the most important thing is not to reduce cash flow. Reducing cash flow to protect market share will only consume the capital strength of enterprises, and it is easy to break the capital chain over time.
