Cash flow is life. How do local governments "extend the life" of enterprises? (Attached are 23 local market rescue policies)

“After the gunshots are fired, there are no winners.” During this period, there is very little non-epidemic information that can seize public resources, but Dong Qing’s words are important in all matters concerning life. stood out among the news and occupied the top spot on Weibo’s hot search list for several hours.

There is always a reason to climb the hot search list. Obviously, although this is a matter-of-fact comment, it is perfectly appropriate to put it at the moment. Just as "when a disaster strikes, no one can be spared." For more ordinary people in society, in addition to seeing the daily increase in the number of confirmed cases and deaths, this sudden epidemic has also affected more people. It may still be an "economic epidemic".

Companies delayed the start of operations, society was temporarily suspended, and most industries suffered heavy economic losses... Under this background, no one can be immune.

The production capacity of the automobile market may be insufficient

Affected by the epidemic, the resumption of work of automobile companies across the country has been postponed. However, automobile companies and factories in Hubei Province, the epicenter of the epidemic, including Dongfeng Motor, Dongfeng Important companies such as Honda, Dongfeng Nissan and SAIC General Motors have no time to resume work.

In addition to OEMs, Wuhan, Hubei is also a gathering place for global parts giants. Tier1 suppliers such as Bosch, Mahle, TRW, Johnson Controls and Webasto all have their important production bases in Wuhan. The indefinite postponement of the resumption of work by these companies will not only cause a decrease in their own production capacity, but will also cause a shortage of parts and accessories for other car companies across the country, resulting in the failure of many models to be delivered normally.

More importantly, due to the inability to obtain corresponding parts and components in a timely manner, many car companies will also be greatly affected in the development and production of new products, resulting in a slowdown in the launch of new cars in the first half of this year. Slow down, many models will be launched in the second half of this year or even next year. The launch of many new models at once will be a new test for the market at that time.

"Singularity Automobile is carrying out measures including remote working. On the one hand, it has a clear understanding of the epidemic and helps employees defend against the virus through various channels and means. On the other hand, it actively promotes the established work process. "Although the company has resumed remote working, Zhao Qiang, Vice President of Singularity Strategic Brand, also said frankly, "But it must be noted that the epidemic still has a relatively large impact on the normal work of Singularity Automobile. "

As Zhao Qiang said, for the vast majority of auto parts companies and some car companies that are small and medium-sized enterprises, the overall economic downturn and the uncontrollable impact of the epidemic have caused many of them to already hover The edge of life and death. Therefore, the support and burden reduction policies introduced by the national and local governments are urgent.

Among these policies, some have the meaning of "life-saving".

Rent exemption and tax reduction directly reduce the expenditure pressure on small and medium-sized enterprises

First of all, among many policies, the most immediate effect is to reduce or reduce corporate expenditures.

For example, Shanghai regulations stipulate that small and medium-sized enterprises that rent commercial properties of state-owned enterprises in this city to engage in production and business activities will be exempted from rent for two months in February and March; for enterprises that lease indirectly, they should Ensure that rent reductions and exemptions are implemented so that actual small and medium-sized enterprises can ultimately benefit.

The Beijing Municipal Government also stated that small, medium and micro enterprises that rent real estate from state-owned enterprises in Beijing and districts to engage in production and business activities and continue to operate in accordance with government requirements or close in accordance with epidemic prevention regulations without layoffs or fewer layoffs will be exempted. The rent for February will be waived; if the space is rented for office use, a 50% reduction in rent for February will be given. For enterprises that reduce or reduce rents for small, medium and micro enterprises renting houses during the epidemic, the municipal government will provide certain financial subsidies.

Guangdong Province stipulates that for state-owned assets for business use, private tenants that are severely affected by the epidemic and cannot operate normally will be exempted from the first month's rent, and the second and third month's rent will be charged at half. .

In addition to Beijing, Shanghai and Guangzhou, Sichuan Province, Chongqing City and Haikou City have also proposed to reduce or reduce the rent for up to three months for small, medium and micro enterprises that rent state-owned assets for business operations.

In addition to rent, various places have also made corresponding relaxations in deferring tax returns. For example, provinces and cities such as Beijing, Shanghai, Chongqing, Suzhou and Haikou have issued documents stating that if small, medium and micro enterprises severely affected by the epidemic encounter difficulties in filing declarations, they can defer tax payment in accordance with the law for a maximum period of no more than 3 months.

At the same time, in addition to wages, social insurance is also an important labor cost for enterprises. In this regard, the Ministry of Human Resources and Social Security also issued a document stipulating that due to the impact of the pneumonia epidemic caused by the new coronavirus infection, employers must apply for overdue insurance. The handling agency should handle employee insurance registration, payment and other services in a timely manner.

Among them, Beijing Municipal Regulations stipulate that insured enterprises that are greatly affected by the epidemic, face temporary difficulties in production and operation and are expected to recover, and insist on no layoffs or fewer layoffs, can be based on 6 months of the previous year's cost. Unemployment insurance premiums will be refunded based on the city's monthly per capita unemployment insurance benefit standard and the number of insured employees. During the epidemic, as of the end of April, small, medium and micro enterprises whose average number of employees was the same as or increased by less than 20% (exclusive) compared to the average number of employees in the previous year will be given a one-time subsidy of 30% of the social insurance premiums payable by the enterprise for three months; If the annual average number of employees increases by 20 or more, a one-time subsidy of 50 RMB of social insurance premiums payable by the enterprise for three months will be given to the enterprise.

Shanghai also stated that in 2020, the city will continue to return 50% of the total unemployment insurance premiums actually paid by the units and their employees in the previous year to eligible employers that do not lay off employees, reduce layoffs, and reduce headcount. The start and end dates of the municipal employee social insurance payment year (including the employee medical insurance year) are adjusted to July 1 of the current year to June 30 of the following year, postponed by 3 months.

In addition, Liaoning and Haikou and other places have also stated that they can defer payment of other expenses of enterprises, such as water bills, electricity bills, gas bills, etc.

Reducing loan costs and increasing financing support

While significantly reducing costs for small and medium-sized enterprises, the country and various regions are also actively working on increasing revenue.

On January 31, the Central Committee of the Communist Party of China's "Notice on Strengthening the Party's Leadership and Providing Strong Political Guarantees for Winning the Battle of Epidemic Prevention and Control" stipulates that for those who have been greatly affected by the epidemic, Enterprises, especially small and micro enterprises, must not blindly withdraw, cut off or suppress loans. For enterprises severely affected by the epidemic that have difficulty repaying their loans when due, they can extend or renew their loans.

At the same time, the Ministry of Finance, together with the People's Bank of China and other relevant departments, implemented special re-lending and fiscal interest discounts for the first time, which can reduce the actual financing cost of enterprises to less than 1.6.

Subsequently, Beijing, Shanghai, Chongqing and other places actively responded to the national call and launched relevant policies. In addition to the above regulations, Beijing also stated that if the stock pledge agreement of small and medium-sized enterprises expires during the epidemic prevention and control period, and the enterprise applies for an extension due to repayment difficulties, it can negotiate with financial institutions such as securities companies for an extension of 3 to 6 months.

Shanghai issued a document encouraging Shanghai Pudong Development Bank, Bank of Shanghai, and Shanghai Rural Commercial Bank to increase credit extension to industries that are fighting the epidemic and affected by the epidemic, as well as small, medium and micro enterprises. The relevant loan interest rates during the epidemic prevention and control period are as follows: The loan prime rate (LPR) for the same period will be reduced by at least 25 basis points, and other financial institutions in Shanghai are encouraged to follow suit.

Ye Shengji, deputy secretary-general of the China Association of Automobile Manufacturers, gave positive affirmations to the policies introduced by the national and local governments. He believed that these measures are of course of positive significance to the development of automobile companies.

As an "insider", Singularity Automobile has already enjoyed the benefits of these policies. Zhao Qiang said, “Singularity has responded to the government’s call and is applying through multiple channels, including tax exemptions and delayed payment of related fees. These positive measures of the government will have a easing effect to a certain extent. Singularity sincerely hopes to cooperate with all walks of life. Together, we will conscientiously implement the government’s call, do a good job in protection while taking into account work, strive to eliminate the virus as soon as possible, and carry out work normally.”

We are both a new force in car manufacturing and the relevant person in charge of Tianji Automobile. He also said, “These policies introduced by the Shanghai government have boosted corporate confidence and promoted the stabilization of corporate employees, and postponing the adjustment of the social security payment base can also reduce the burden of the year. Automobiles are an asset-heavy industry, and it is more necessary from research and development to production. With a large number of talents, the daily operating costs are very high.

After experiencing the industry's cold winter in 2019, the automotive industry will face increased uncertainty due to the epidemic in the spring of 2020. The introduction of this policy has undoubtedly added a touch of warmth to the automobile industry. Especially for a startup like ours, it can relieve a lot of stress. "

Automotive industry analyst Yun Songling also said that the help of these policies is still considerable. At this time, cash flow is life. The factory is not operating, but fixed costs will not be reduced at all, and debt interest, Staff wages are being lost, and the pressure on enterprises must be relieved. But at the same time, he believes that the tight capital chain of automobile companies is not just caused by the epidemic. For automobile manufacturers with deep pockets, this is not a problem at all if sales are good. The marketing expenses saved during the epidemic alone are enough to subsidize the factory. ”

So, Yun Songling believes that this epidemic can also be a wake-up call for OEMs, “So in the long run, the cash flow problems of automobile companies are essentially operational problems and an industry problem.” question. If we think a little longer, after the epidemic is over, local governments should adapt to the public sentiment caused by the epidemic and want to own private cars, lift purchase restrictions, or issue more license plates, so that people have the rights and resources to protect their own cars at critical moments. Safety of life and property. ”

Source: First Electric Network

Author: Wang Rui

This article comes from the author of Autohome Chejiahao and does not represent the views of Autohome position.