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Some investors asked FAW Jiefang. In just one quarter, operating cash flow went from positive 6.5 billion to negative 3 billion, while the cash flow for the third quarter of last year was positive 3.5 billion. What is the reason for this large cash flow gap? Are repayments difficult due to poor economic conditions? Is the company facing a possibility of tight cash flow? Will a second round of targeted issuance be launched to increase cash flow? On November 6, the company responded that the decline in cash flow from the company's operating activities in the third quarter was mainly affected by three aspects: first, due to the pace of order delivery, the company increased the preparation of raw materials; second, due payments from upstream suppliers increased due and payment schedules, and the pace of procurement payments was ahead; third, there was more centralized payment of bills payable in the third quarter.
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Some investors asked FAW Jiefang. In just one quarter, operating cash flow went from positive 6.5 billion to negative 3 billion, while the cash flow for the third quarter of last year was positive 3.5 billion. What is the reason for this large cash flow gap? Are repayments difficult due to poor economic conditions? Is the company facing a possibility of tight cash flow? Will a second round of targeted issuance be launched to increase cash flow? On November 6, the company responded that the decline in cash flow from the company's operating activities in the third quarter was mainly affected by three aspects: first, due to the pace of order delivery, the company increased the preparation of raw materials; second, due payments from upstream suppliers increased due and payment schedules, and the pace of procurement payments was ahead; third, there was more centralized payment of bills payable in the third quarter.
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