光启技术,应付账款,巨额白条

大树的格局
Aug 10

一个小伙伴儿问,2024年光启应收账款是18.24亿,而营收才15.58亿,这是什么鬼生意?今天就聊聊这个事儿。这账面上看起来确实有点魔幻。光启收的“巨额白条”(应收账款)比实打实进账的营收还多。要是放在其他企业,就这,股价早就崩了。但这事儿搁军工超材料行业,特别是像光启这样做系统级供应商的,还真不是个事儿。这里核心就一句话:不是钱没收回来,是钱还没到该确认的时候!军工订单跟普通买卖不一样,光启...

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