Machine tool enterprises to carry out the financing lease business to reduce pressure

machine tool industry is a recovery in the first half of this year, but industry structural adjustment continues.Wuhan Huazhong Numerical Control Co., ltd. on August 22, released late half annual report showed that in the first half of the attributable to shareholders of listed companies net profit of 3.0797 million yuan, buckle after the net loss of 26.1016 million yuan.Company through after-sale leaseback, respectively to zhejiang zhejiang silver financial leasing co., LTD. (hereinafter referred to as zhejiang silver leasing) peace international financing lease co., LTD. (hereinafter referred to as peace lease) for financing, combined to raise 45 million yuan.

the general patterns of two kinds of financing lease is direct leasing and sale rental, after-sale lease back is also a common industrial enterprises financing.After-sales leaseback mainly existing equipment to carry out the lessee, the lessee to sell the equipment leasing company, pay the rent on schedule during the lease period, for the lease by the lessee to repurchase again after the expiration of the lease item, the seller and the lessee for the same person.

, shenyang Machine Tool Co., Ltd and its subsidiaries optimal nice financing lease (Shanghai) Co., Ltd. (hereinafter referred to as the optimal nice financing lease) also many times through the after-sales leaseback financing.Caixin journalists, according to annual reports from 2014 to 2016, shenyang machine tool and nice financing lease financing in this way, optimal total about 640 million yuan.

huazhong CNC, according to the announcement of the transaction details to zhejiang silver leasing company invested at 7% interest to raise 30 million yuan, the lease item to its own machines and CNC system industrialization denso facilities, the book value of 65.486 million yuan, after back to lease for April 15 to April 14, 2020, the company a total of 36 months total pay rent 33.5742 million yuan, 3.5742 million yuan is equivalent to the cost of financing;Lease and the other to the peace of 15 million yuan, the lease item to its own part of the production equipment, the book value of 17.8586 million yuan, after back to lease for January 4 to January 3, 2019, the company points, 11 period pay all the rent.One of

, the company responsible for the securities transaction staff explained that the company to the leasing company pay the rent on schedule, equipment can still be used for the company.At the same time, the company also conduct direct leasing business, namely purchase equipment leasing company to company, and then rent to other users, users pay the lease fee to the leasing company.

after-sales leaseback is the essence of the stock of fixed assets mortgage finance, equivalent to a class of mortgage loan, the enterprise can get liquidity, "compared with bank loans, after-sale lease back way can effectively reduce the asset-liability ratio".

"enterprise with after-sales leaseback financing, leasing company basically see is the main body of tenant enterprise credit" in, Zhao Huili added.

machine tool enterprises explore leasing

after-sales leaseback is in order to solve the company's own funding needs, in view of the downstream customers, machine tool enterprises also actively explore leasing business, hoping to rent for consignment to reduce customer money pressure, stimulate the user's needs, to help the product sales.

machine is a kind of production equipment, the downstream customer mainly includes aviation, aerospace, shipbuilding, electric power, automobile, electronics and other industries.On the one hand, machine tool equipment price is higher, under the background of manufacturing integral environment not beautiful, the downstream demand for fixed assets investment is relatively cautious, directly affects the machine tool industry market demand;Domestic machine tool products, on the other hand, focus in the field of mid-range, industry competition is intense, profit space is narrow, and high-end CNC machine tools and CNC system in the market dominated by foreign products.

in addition to the cooperation with leasing companies, some of the machine tool companies also set up financial leasing company.Qinchuan machine tool was established in April 2015 qinchuan international financing lease co., LTD. (hereinafter referred to as qinchuan leasing), 2016 qinchuan lease revenue and net profit of 4344.35 m and $10.5023 million respectively.Shenyang machine tool since 2015, through the i5 intelligent machine tool to explore operating leases, financing lease and other rental business model, and in January 2015 established optimal loch financing lease.

Zhao Huili said, manufacturing enterprises set up financial leasing subsidiary, to provide financing services for equipment purchasers, on the one hand to promote equipment sales, on the other hand can extend its industrial chain, access to financing the service income, "compared with the cooperation with other financing lease company, established their financing leasing companies can effectively reduce the communication cost and directly to the customer can effectively control business risk".I5

intelligent machine a feature is to provide operating lease service, namely, shenyang machine tool will i5 intelligent machine tools for rent, the lessee, the customer pays the rent, the customer only use, shenyang machine tool in the process of rent.Under the mode of operating lease, the lessor is responsible for leasing objects of maintenance, repair, management and so on.

earnings, according to data in 2016, shenyang machine tool operating income of 111 million yuan, financing lease income 63.73 million yuan.In the first quarter this year, the rental business income is 56.3326 million yuan, of which the operating lease business income of 55.1675 million yuan.

Zhao Huili pointed out that the operating lease is mainly in order to meet the demand of downstream customers short to medium term used for machine tools, test the lessor's asset management capabilities.

but

leasing business risks, whether for leasing company or enterprise, leasing business there are certain risks.Dalian machine tool at the end of the debt default, the year to July 24, the company and its subsidiaries debit interest, amounting to 4.888 billion yuan including hebei catic rental, leasing, cinda rental, lease and so on four Great Wall leasing company "ray", total debit interest of $24.8172 million.

and businesses may need to provide joint liability guarantee for downstream customers, customer repurchase involves default machines or to finance leasing company payment due by the customer, etc.Weihai Huadong Automation Co., Ltd in 2015 and 2016 into two financing lease dispute, all is due to the downstream customer fail to pay the rent, leasing company repurchase obligations for east China numerical control.

given these risks, CNC machine tool production enterprises in guangdong south China embellish star technology co., LTD. (hereinafter referred to as embellish star science and technology) is to reduce financing lease business.East China juki in August to acquire embellish star technology report shows: since 2016, it has gradually stop to provide guarantee or repurchase guarantee, financing lease income accounted for the proportion of total revenue also decreased from 10.53% in 2015 to 4.32% in 2016.



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