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two companies issued "debt collection" announcements on the same day, and the accounts receivable of a-share listed companies increased by nearly 900 billion yuan in one year

2024-09-11

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on the evening of september 9,jingyuan environmental protection (688096.sh)wenke shares (002775.sz)the two companies issued a notice of filing a lawsuit, and the causes of the lawsuit were all related to the final payment of the project. yinshi finance noted that jingyuan environmental protection is engaged in industrial water treatment and wenke shares is engaged in engineering construction. the business models of the two companies determine that they are prone to facing the risks of tight cash flow and increased accounts receivable and inventory.

from a macro perspective, accounts receivable are also increasing overall. according to ifind data from tonghuashun, by the end of the first half of 2024, the total accounts receivable of a-share listed companies reached 9.34 trillion yuan, an increase of nearly 900 billion yuan year-on-year. minsheng securities also pointed out in its research report that the current accounts receivable turnover rate of a-share listed companies has fallen to the lowest point since 2010.

jingyuan environmental protection sues shaangu group for tens of millions of project funds

jingyuan environmental protection is a listed company in the environmental protection and water industry. its main business is industrial water treatment. it provides environmental water treatment special equipment design, consulting, system integration, sales and engineering contracting services to mainly large corporate customers.

on the evening of the 9th, jingyuan environmental protection announced that the company had recently filed a lawsuit with tianjin jinnan district people's court (hereinafter referred to as the "court") regarding a construction contract dispute with tianjin shaangu new energy development co., ltd. (hereinafter referred to as "tianjin shaangu") and shaanxi blower (group) co., ltd. (hereinafter referred to as "shaangu group"), and recently received the "notice of acceptance of case" from the court. tianjin shaangu is a wholly-owned subsidiary of shaangu group, which is indirectly wholly owned by the state-owned assets supervision and administration commission of the people's government of xi'an.