“Amid waves of close-downs and bankruptcies in the downstream, San’an Optoelectronics (San’an) venture to play aggressive selling games”, some investors have expressed their concerns over San’an’s rapid increase in accounts receivable (AR) and bills receivable (BR).
 
In the first three quarters of this year, San’an’s AR and BR have added up by about 1.27 billion yuan, taking up 43.65% of operating revenue in the same period, which accounts for about 2.353 billion yuan. The surge in San’an’s AR is a huge contrast compared with its counterparts.
 
One analyst said, as the recession sets in, the aggressive selling strategies could have serious repercussions, though the intention of the strategy itself is to secure a good sales record.