Shui Fa Public Group Fully Implements The New Mode Of Supply Chain Financing

In February 19, 2020, the Shui Fa public group issued a notice on the comprehensive promotion and use of the financing of supply chain companies to the ownership enterprises. "It requires all the power companies to actively implement all the work of supply chain financing, comprehensively promote the supply chain financing, guarantee the liquidity demand of the company's raw material procurement links, and emphasize that the group headquarters will no longer operate through other forms of flow. Sexual needs are supported by funds.

"Mouse click, in the water supply public supply chain service platform under the single, withdrawals, as with the landing enterprise online banking for remittance as convenient." The first one to eat crabs is the Junan County Sen Hao farmers planting professional cooperatives, general manager Zheng Qinhao is such evaluation service platform operation and use. According to Zheng Zong, his two co operatives have approved 2 million 700 thousand credit lines, which completely solved the problem of capital turnover of cooperatives, and the payment in arrears to the upstream can be paid in time. Next, the fuel supply to the power plant can also be increased.

Zheng Zong has made an account: "the cost of supply chain financing is currently 9.5%, which is much lower than that of small loans or private loans. The supply chain financing is based on the daily interest rate, and there is not much money to pay before the Spring Festival, so the first financing transaction only raises 900 thousand items, and withdrawals on demand can also save a lot of interest."

　　 (water supply public supply chain service platform)

It is reported that the water supply utility Group supply chain project relies on the network supply chain financial infrastructure to build a water supply public supply chain service platform; Shui Fa public group as a core enterprise has played a role of supply chain credit enhancement, providing an efficient and convenient new supply chain financing channel for its small businesses, such as upstream suppliers, cooperatives, trade companies, and so on. Financial drive promotes the optimization and management of supply chain, and promotes the development of supply chain strategy of group companies.

　　 (Shui Fa public group supply chain project schematic)

The basic principles of Shui Fa public group supply chain are as follows:

1, the power plant will issue a business ticket with a period of 6 months for the raw material suppliers to settle accounts.

2, raw material suppliers are financing electronic business ticket financing. They need to provide a set of bank credit materials to obtain credit lines, and the credit line banks are determined according to the suppliers' bank's water flow.

3, suppliers purchase agents through the water supply chain company, the banks are entrusted to the supply chain companies, and then the supply chain companies are paid to the upstream suppliers. The upstream suppliers also issue VAT invoices to supply chain companies, and the supply chain companies invoke the suppliers.

Shandong Yong Neng Biotechnology Co., Ltd. is the first power plant to participate in the implementation of the project. Chief financial officer Kim Zhen understands this. "For fuel suppliers, these small and micro enterprises are very difficult to obtain loan support from the bank. Through this project, they can effectively solve their financing difficulties and financing problems, and they can also establish good cooperative relations with the power plant and expand the supply scale." 。 For the Neng Neng, the power plant project investment is large and the financing leverage is high. Through the operation of payable account operators, the asset liability ratio can be reduced, and the liquidity of supplementary financing enterprises can also be realized.

Chen Yonghong, general manager of water supply public supply chain management Co., Ltd., commented on the success of the supply chain project. "This is a win-win solution. Advancing the supply chain financing is not only in our own interests, but also in the interests of the suppliers, so we need to push forward vigorously. Supply chain companies achieve sales through proxy procurement. In the future, with the increase of sales volume and the establishment of supply chain mode, the direct financing channels of banks can also be expanded.