According to several media reports, today, Raytheon Technology (02018. HK), the supplier of LeEco mobile phones, issued tough words on LeEco's arrears.
Mo Zuquan, the managing director of Raytheon Technology, said at the third quarter performance communication meeting that on the problem of LeEco's arrears, if the other party promised a repayment period of three to six months, it was acceptable, but it should also consider the impact of its arrears on the company, emphasizing that the allowable period of arrears would not be too long, and believed that LeEco's arrears could not be resolved in the next two to three months.
Mo Zuquan said that the company will not consider communicating with LeEco until the problem of arrears is solved. If the debt restructuring period negotiated with the other party reaches two to three years, it must be too long, and the company will not accept it.
Raytheon Technology also said:
"The group has an average customer portfolio and stable business development. It does not think it is necessary to strive for LeEco as a customer in particular. It believes that its financial difficulties will not affect the group's development strategy. Because the group will conduct credit evaluation on each customer before cooperation, and will also regularly review the proportion of existing customers in the group's accounts receivable. In the past, no customer's accounts receivable proportion has met the need The degree of special attention will continue to win new domestic customers in the future.
The business cooperation with LeEco this year has been completed. I believe that the company's relevant technology and parts are important in the industry, so I don't need to continue to win customers with similar problems, and the company's financial performance will not be affected by this customer. "
According to Pai News, LeTV may owe hundreds of millions to Raytheon Technology. LeTV mobile phones are the largest customers in the domestic market of Raytheon Technology. The cooperation between the two sides began two years ago. Raytheon Technology's factories in Changzhou, Suzhou and other places have all participated in the production of LeTV mobile phone accessories.
In order to ensure that similar arrears will not occur in the future, Raytheon Technology claims that it will examine the credit risk of all Chinese customers in detail. If a customer accounts receivable in the company is too high, the company will also pay attention to it.
The article is adapted from Rice Hull Net: http://it224.com/
