Recently, several automotive manufacturers announced that they would shorten payment terms to within 60 days, promoting efficient capital circulation in the upstream and downstream sectors and facilitating collaborative development in the industry chain. Securities Times reporters noted that many automotive parts companies mentioned the positive impact of shortened payment terms in recent announcements or responses on interactive platforms. On June 13, the investor relations activity record of CCore Technology showed that during an institutional research reception, an institution inquired whether the recent announcement by automakers such as FAW, Dongfeng, GAC, BYD, and Seres to limit payment cycles to no more than 60 days would help improve the company's cash flow. CCore Technology stated that the automakers' measures are beneficial for improving the company's cash flow. On the interactive platform, several companies responded to the impact of shortened payment terms. For instance, HEBEI STEEL CORP. stated on June 13 that it would closely monitor the situation regarding the compression of payment terms by automakers and actively ensure the efficient operation and steady development of its automotive plate business. YTOT stated on June 13 that the aforementioned measures by automakers have a positive impact on the company's capital turnover