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 On June 9, 2020, Huaxia dunbaishi released the "quarterly index of enterprise payment timeliness" of China's major industries and economic regions. Through data analysis of payment information of enterprises, the index measures the timeliness of payment in business activities of enterprises according to industries and economic regions, covering industries such as medicine and health, information technology and communication, automobile and parts, energy and chemical industry, industrial equipment, as well as economic regions such as Yangtze River Delta, Beijing Tianjin Hebei, Guangdong, Hong Kong and Macao.

 

 

 

"Quarterly index of enterprise payment timeliness" uses the enterprise external payment information collected by "Dun Bai's payment information exchange plan", integrates the industry and regional overall payment records, the proportion of overdue amount, the proportion of medium and long-term delayed amount and other factors, and obtains it after integration, analysis and calculation. The score of payment timeliness index is set as 0-10, of which 10 represents good payment timeliness and 0 represents poor.

 

 

 

According to the payment timeliness index released this time, among the five major industries, the payment timeliness of energy and chemical industry and industrial equipment industry is lower than that of other industries. The index scores of the first quarter are 6.14 and 6.3, which are in the "average" range of payment timeliness. The proportion of short-term and medium-term delayed payment in the industry has increased significantly. The timeliness index score of information technology and communication, automobile and parts, medicine and health industry is close to 7, which is in the "medium" range.

 

 

 

From the change of the index, the timeliness of external payment of enterprises in various industries decreased in the first quarter of 2020, both month on month and year-on-year. Among them, the automobile and parts industry saw a big decline, with a month on month decrease of 0.8 points. According to the statistical data, the total sales and profits of the industry were only 70% and 20% of the same period last year respectively. Under the influence of shutdown and income decline, the timeliness of payment in the first quarter was significantly impacted, and the proportion of accounts delayed for 1-30 days and 31-60 days in the short term doubled. The pharmaceutical and health industry benefited from the fact that a large number of circulation end or terminal enterprises still maintained full or partial operation during the epidemic period, and its payment timeliness index decreased by only 0.29 on a month on month basis, belonging to the industry with small decline among the five industries.

 

 

 

From the perspective of payment timeliness degree of each major economic region, the payment timeliness index of the Yangtze River Delta and Beijing Tianjin Hebei region is lower than 6.5, which is in the "general" range, and has a certain degree of decline on a month on month basis, with a decline of more than 0.4. The overall payment timeliness score of Guangdong, Hong Kong and Macao is 6.96, which is close to the "good" level, and the impact of the epidemic in Hong Kong and Macao Special Administrative Region is lower than that in other regions in the mainland, with a month on month decrease of only 0.17. In addition, this study also focused on the timeliness of payment in Hubei Province. The data showed that the timeliness index of payment in Hubei Province in the first quarter was 6.25, with a month on month decrease of 0.74, higher than that in other regions of the country.

 

 

 

The timely payment information is an important supplement to the traditional financial data, which can dynamically evaluate the overall credit status of enterprises and industries, so as to solve the problems of lack and asymmetry of data in commercial credit evaluation to a certain extent.

 

 

 

Xu Renqing, general manager of Huaxia dengbai, said, "Huaxia dengbai is committed to promoting the construction of China's social credit system with the help of data analysis. The use of alternative data such as payment timeliness information is the trend of future credit management, which can make the data sources of enterprises and institutions in risk prediction and business decision-making more diversified, and the analysis basis more comprehensive and reliable. "

 

 

 

In the future, Huaxia dunbaishi will regularly release quarterly index of enterprise payment timeliness in major industries and economic regions to help enterprises, financial institutions, industry organizations and relevant government departments understand the dynamic changes of industry and regional credit status in time, and provide multi-dimensional decision-making basis for enterprise credit evaluation.