On February 26, the "2025 China Large-scale Ready-mixed Concrete Enterprise Leaders Meeting (C10 + Summit)" was held in Changsha, Hunan Province. Gao Zhi, Secretary-General of China Concrete and Cement Products Association, made a report on the meeting.
Gao Zhi said that in 2024, the accounts receivable of concrete and cement products industry was 10362 100 million yuan, the main revenue was 1383.1 billion yuan, and the ratio of accounts receivable to the main revenue was 74.9%.
Although there is a certain decrease in accounts receivable in 2024 compared with the previous year, the scale of the industry is decreasing, and the proportion of accounts receivable in business income is still increasing, indicating that the situation of excessive proportion of credit sales has not been fundamentally changed, and the operational risk of enterprises is increasing.
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