Small And Medium-Sized Enterprises In The Pearl River Delta Have Difficulty Financing &Nbsp; Cost Increases And Profit Margins Are Small And Forced To Close Down.

With round after round

What are the plight of the small and medium-sized enterprises in the Pearl River Delta?

Prior to the specific details are not known, but the city's media coverage may be a glimpse. Recently, the media said: as the "cowboy capital" reputation of Foshan City, Guangdong province Junan Town, nearly half a year nearly 100 denim clothing enterprises have closed down.

Chen Yaohua, President of the Dongguan textile and garment industry association, also said that Dongguan enterprises are the most dangerous period since 2008.

It is also said that the current crisis situation of SMEs is more than that of 2008.

In order to restore the actual situation of small and medium-sized enterprises in various cities of the Pearl River Delta, the Nanfang Daily Pearl River Delta economic report team gathered again and launched an investigation in various localities.

The survey results show that capital surplus and capital shortage exist simultaneously.

Guangzhou: bank lending is difficult

Guangzhou economic and Trade Department special research found that at present, Guangzhou has not found a large-scale SME failure due to the chain break.

Due to the sharp tightening of bank credit this year, it is difficult for SMEs in Guangzhou to apply for loans.

Recently, Lin boss, a handicraft industry in Baiyun District, has been worried.

"Production costs rise, profits continue to shrink, capital is tight, banks do not give loans", "finding money" has become the most important thing for Lin boss.

This is not a case. In fact, finding money has become a big business for most small businesses.

A survey on the financing status of SMEs in Guangzhou's SME investment and financing public service network platform shows that 50% of voters choose "capital" and the second is talent.

In view of the fact that not many voters were involved, the reporters interviewed several heads of small and medium-sized enterprises, and the results were roughly the same as the survey results.

Some experts said that because of the small accumulation of SMEs, they often can not provide their own real estate as collateral.

Especially in the urban area of Guangzhou, a large number of specialized markets are dominated by business enterprises, and most of the business premises are rentals. Banks often have difficulty in accepting the pledge of operating leases and giving credit support to business enterprises.

Most banks need to grade their credit customers. Poor financial statements make most SMEs unable to meet the minimum threshold for bank credit rating.

"Financing difficulties are an old topic for small and medium-sized enterprises."

Wu Minggao, chairman of the Guangzhou Municipal Committee of CPPCC and chairman of Guangzhou Yilong Pml Precision Mechanism Ltd, said that according to their understanding, there are indeed some small and medium-sized enterprises in Guangzhou failing, but he believes that the more important factor in the failure of small and medium-sized enterprises is the rising cost of manpower and materials, and factory rent and rent are also rising exponentially.

"The owners of small and medium-sized enterprises in Guangzhou are more realistic. How much money they eat and how much money they have to do?"

Wu Minggao said that many of the owners of small and medium-sized businesses he met were often financing by borrowing in the form of "bad money", mainly relying on credibility to seek private lending in acquaintance circles.

Reporters learned that the Guangzhou Municipal Economic and trade department also recently studied the financing environment of SMEs in Guangzhou recently.

The latest bulletin of Guangzhou SME Bureau shows that due to the huge shrinkage of bank credit this year, Guangzhou SMEs have difficulty in applying for loans. After being hit by bank financing, they have shifted their attention to other financing channels. The proportion of new financing channels such as small and medium-sized financial institutions, private lending and pawn industries has been increasing continuously in SMEs.

According to the report, in 2008, the financial crisis eliminated a number of small and medium enterprises with backward technology and low risk tolerance in Guangzhou. The small and medium-sized enterprises that survived and continued to operate basically possessed certain economic strength, risk resistance and adaptability to the environment. "At present, Guangzhou has not found a large number of small and medium-sized enterprises to fail due to the broken capital chain."

How to solve the problem of financing SMEs?

Reporters learned that Guangzhou is guiding and encouraging financial institutions to increase credit support to SMEs.

Data show that as of the end of 5, Guangzhou SME investment and financing platform registered 6819 small and medium enterprises, the total demand for financing was nearly 5 billion 900 million, 34 were stationed in financial institutions, released 126 small and medium enterprises financing, platform financing 215 times, involving nearly 7 billion yuan of financing.

Guangzhou has also established a City SME financing guarantee service alliance.

The alliance, which combines financial, guarantee and investment institutions, can achieve information sharing, making it possible for enterprises to seek financing in the future.

By the end of 5, 49 units including financial guarantee institutions, commercial banks, securities companies, investment companies, small loan companies and other financial services institutions had joined the alliance.

Guangzhou City SME Bureau responsible person revealed that Guangzhou from the beginning of this year within 5 years, each year out of 100 million yuan as a special support fund for SMEs.

Foshan: pressure of capital chain

Recently, the closure of Shunde's jeans business has aroused widespread concern. Although the "closure tide" has not yet appeared in Foshan, many small and medium-sized enterprises are losing money due to the pressure of capital chain and high cost.

"80% of enterprises are very tight on capital."

Li Zifu, vice mayor of Foshan, admitted that this year's economic situation is more severe than the financial crisis, especially for small and micro enterprises.

Reporters from the South China Sea Bureau of statistics data found that this year, the industrial efficiency of the South China Sea above scale is showing a downward trend. Before February, industrial deficit Enterprises above Designated Size reached 331, with a deficit of 15%, an increase of 6.6 percentage points over the same period last year.

The deficit was 212 million yuan, an increase of 36% over the same period last year.

Fortunately, the second quarter "face" loss slightly eased, the loss of 292 enterprises.

However, due to the opening of new statistical standards in Guangdong this year, the main business income of Enterprises above designated size has increased to more than 20 million yuan, while only 10 of the 10 SMEs in the South China Sea have met the above scale standards.

This means that in the South China Sea, or even the whole of Foshan, there are more than 90% small and medium-sized enterprises in the real situation is not reflected in the data, and this part of the business group may face greater losses.

High cost leads to tight corporate profits.

Wu Haoliang, Secretary General of Foshan textile industry, believes that the sharp rise and fall of raw material prices has led to some enterprises unable to resist. The cost of all aspects has been rising, resulting in an upsurge in the price of excipients, and profits have been greatly weakened.

In Shunde, the cost of furniture enterprises has increased by at least 13% since the Spring Festival.

Due to half a year's quotation, many orders can only be digested by themselves and the cost is rising.

According to a research report in Shunde, the comprehensive cost of enterprises is generally increasing compared with the same period last year, which mainly includes labor costs and raw material procurement costs. The overall increase is generally less than 20%.

Because of the rising cost, the order price of enterprises has no advantage.

In the textile industry of traditional export industry, the loss of orders is serious, many orders are pferred to Vietnam and India, and the European and American market shrinks, so that the export orders of enterprises are cut down, and the overall export situation of the industry is not optimistic.

"The pressure of capital chain is really big now."

Sanshui an aluminum processing enterprise official told reporters that due to tight funds, now some local small businesses choose "how much, how much to do", according to the adjustment of capital situation, the scale of production, some orders even to the present dare not accept.

Li Zifu said that 80% of Foshan's enterprises were tight in capital, and 20% to 30% of enterprises felt very nervous. It is expected that they will not change until next May.

Because of monetary tightening, many enterprises have turned to non bank channels to borrow money.

Reporter investigation and understanding, at present, Foshan has 8 small loan companies are open.

Compared with the same period last year, the interest rate of micro loans has doubled this year to 2 times the benchmark interest rate.

Even for banks, the interest rate of their personal micro loans has risen by 10% - 30% according to the benchmark interest rate, while some private lending institutions now have an annual interest rate of more than 30%.

At present, the Foshan government has worked with CDB to package and issue bonds for local outstanding SMEs. The first issue is 2 billion yuan and is expected to be issued within the year.

Meanwhile, Ninth small loan companies in Foshan have been approved and are about to open. Foshan's plan is to realize the scale of 15 small loan companies in 2012.

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Zhongshan: multiple costs rise

A few days ago, according to the survey results of 131 enterprises under the scale of Zhongshan, 93% of the enterprises had a net profit margin of less than 5%, and 68% of them reflected the overall production cost higher than last year.

Affected by factors such as rising prices of raw materials, rising oil prices, rising labor remuneration and RMB appreciation, multiple costs such as production, pportation, sales and labor have risen.

According to statistics, the total profits of Industrial Enterprises above Designated Size dropped sharply compared with the same period last year, and the entrepreneur confidence index and business climate index in the second quarter dropped by 9.2 percentage points over the first quarter.

The town of Shaxi, Zhongshan, which uses casual clothes as its business card, has gathered thousands of large and small garment enterprises in this town.

However, this year, thousands of garment enterprises are facing unprecedented difficulties due to rising raw material prices, rising labor costs and decreasing international orders.

According to the investigation and statistics of relevant departments in Zhongshan, more and more small and medium-sized clothing enterprises may be faced with a cut-off or failure because they can not bear the pressure of production cost.

However, it is not only the clothing industry, but also the industries such as lighting and furniture, which are faced with the same difficulties.

"At the beginning of the year, 200 yuan per kilogram of three primary colors phosphors increased by more than 10 times in just half a year, now 3000 yuan per kilogram."

Akey lighting related person in charge told reporters that the three primary colors phosphor is the main raw material for the production of energy saving lamps, and the energy saving lamp industry has developed for more than 10 years, the price has been very pparent, the space for price increases is very limited, and the price of three primary colors phosphors is rising to their lethality.

During the reporter's interview, many entrepreneurs in Zhongshan indicated that compared with the previous years, the current enterprise financing is more difficult and the cost is even higher. At the same time, the cost of the enterprise is also high, and the capital chain of enterprises may break at any time.

Xiaolan, a hardware business owner, told reporters that he often faced financial difficulties, but usually found friends or other ways to solve it. "Not thinking about bank loans in the past, procedures are rather cumbersome, and the probability of borrowing money is very small."

In fact, under the influence of macroeconomic regulation and control policies, market liquidity is shrinking and lending ability of commercial banks has been reduced. The total amount of new loans in the first half of Zhongshan has decreased by 3 billion yuan compared with the same period last year. Financing difficulties have become an important problem that puzzles the development of enterprises.

According to statistics, the 1 year financing cost of SMEs in Zhongshan has exceeded 11%.

Many enterprises, such as bridge chemical industry, Japan first display supplies company and other enterprises, say that financing is difficult to increase the risk of business operation.

Huizhou: funding gap rate rises in traditional fields

The phrase "no stars, no moon" is often used by Huizhou people to describe the scale characteristics of small and medium-sized enterprises in the local area, that is, the quantity is small, the scale is not big, the name brand products are few, and the science and technology content is low.

Especially this year, when the central bank constantly tightened its monetary policy, a large number of small and medium-sized enterprises began to face "shortage of money", and most enterprises were suffering from loans.

According to the data provided by Huizhou SME Bureau, there are more than 40 thousand small and medium enterprises in this city, of which 39 thousand and 500 are private enterprises, occupying more than 90%. But from 1 to June this year, the private economy increased by 33 billion 100 million yuan, an increase of 13.6%, and the added value accounted for 36% of the GDP share of the city.

It is true that most of the small and medium-sized enterprises are running worse than before in terms of sales or profitability. However, this situation has increased some business owners' fear of shortage of funds in the future. In the first half of this year, Huizhou's financial institutions reduced their loans to SMEs by 4 billion 29 million yuan compared to the same period last year, a decrease of 21.47%, and an enterprise capital gap rate of 27.3%, an increase of 6 percentage points over the same period last year.

"Since the end of last year, it has become more and more difficult for us to apply for loans from banks, and the monthly interest rate of private credit has reached two digits. Borrowing is certainly not enough. It makes people feel in a dilemma."

It has been several months since Mr. Yang, who is responsible for making household and office supplies, has been troubled by the tension of the gold chain. He said that since the central bank has raised the reserve requirement for the 5 time in a row, the loanable funds of all small and medium-sized banks in Huizhou have been tense. In the late May of this year, the inter-bank market lending interest rate for short and medium term had reached a high level of more than 5%.

At the same time, because most small and medium-sized enterprises have relatively low profits, it is very uneconomical to maintain production and development through private lending.

Mr. Yang told reporters that the monthly interest rate of private lending in Huizhou has reached 10% to 20%. Even if borrowing money is needed to maintain production, the existing profit margins will not be able to afford it. Therefore, he prefers to reduce production and maintain the basic operation of enterprises.

However, behind the seemingly "tight flow of money", the market is showing two hot and cold days.

Reporters interviewed through the survey found that when some small businesses have to scale down, some large enterprises seem to be "not bad money", continue to buy land for development, especially in manufacturing, business and traditional industries, as a whole, "lack of money", the investment category in Huizhou is relatively abundant.

According to the analysis of the financial operation of Huizhou in the first half of this year, according to the Huizhou central sub branch of the people's Bank of China (hereinafter referred to as "Huizhou middle branch"), as of the end of June, the balance of loans of foreign currencies in Huizhou's financial institutions was 133 billion 380 million yuan, an increase of 2 billion 710 million yuan compared with the same period last year, and the growth rate ranked first in the Pearl River Delta region.

In particular, RMB credit is mainly invested in the production and supply of real estate, wholesale and retail, and electrical water. The amount of loans used for real estate development and personal housing loans has reached 4 billion 270 million yuan, which accounts for 40.68% of the total amount of credit.

At the same time, in addition to financial institutions lending mainly to real estate, according to the Huizhou branch of private financing monitoring and estimation, the real estate industry in Huizhou has also borrowed more than billions of private funds, and as one of the regions where real estate prices are rising rapidly, once the real estate market is affected by the "restriction order", the current inflection point will be difficult to support the high interest pressure of its private financing, and the risk of collapse will be greater. The real estate prices in Huizhou will be higher.

From this, the above phenomenon also highlights the structural contradictions of capital flows in the current Huizhou market. Specifically, some industries have to scale down and shut down because of the tension of financing chain. Some industries have brought about high price of products due to capital accumulation, and the phenomenon of bubbles is serious.