Lianjian Optoelectronics: Strengthening customer credit management with various measures

Lianjian Optoelectronics (300269) held its 2013 annual performance briefing. Xie Guofu, the company's financial controller, said that with the stability of long-term cooperation, the company's credit period for core customers and key customers has been extended, and it has also been gradually increased. The relatively loose credit policy of large customers has extended the collection cycle of accounts receivable to a certain extent.

He said that Lianjian Optoelectronics will strengthen customer credit management and accounts receivable management through pre-existing control, post-inspection monitoring, and post-collection control. In advance, it mainly adopts multiple methods such as customer credit evaluation and asset mortgage to prevent it; Settled accounts have a sound accounting policy and make provision for bad debts in full.

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