The General Downturn in Payment Terms for Automotive Enterprises Indicates the Industry's Initiative to Step Away from 'Involution' and Restore the Supply Chain Ecosystem
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Author:小编   

As the 2025 annual reports of listed automotive companies are gradually unveiled, the alterations in payment terms throughout the automotive supply chain have grown increasingly evident. Data reveals a broad-based reduction in the accounts payable turnover days for listed firms within the domestic automotive manufacturing sector. For A-share automotive manufacturing companies that have released their annual reports, the average of this metric has decreased from 115.44 days in the 2025 interim report to 102.99 days. Meanwhile, for H-share listed automotive companies, it has dropped from 212.31 days to 180.25 days. The accounts payable turnover rates for automotive companies in both regions have concurrently witnessed an upswing, signifying a notable boost in capital turnover efficiency. Industry insiders highlight that automotive companies are expediting the transformation of their strategies for utilizing funds from upstream suppliers. This shift not only adheres to policies guaranteeing payments to small and medium-sized enterprises but also embodies a rational decision by the industry to proactively distance itself from 'involution' and rejuvenate the supply chain ecosystem. As payment terms revert to a reasonable scope, China's automotive supply chain is progressing towards a more robust, balanced, and sustainable development ecosystem.