把以下内容翻译成英文：九州通应收账款风险管理摘要：应收账款是企业因为销售商品而在未来期间向购货单位应收取的货币资金它是企业十分重要的流动资产对企业的短期偿债能力有较强的影响。国内对于企业应收账款风险管理的研究发展至今已形成相应的理论体系但该体系仅仅是从具体的微观视角去分析应收账款风险管理具有一定局限性并未结合宏中微观视角进一步研究分析应收账款事前、事中及事后全过程风险管理不利于企业进行系统、全面、

Risk Management of Accounts Receivable in Jiuzhou Tong

Abstract: Accounts receivable are the monetary funds that an enterprise is expected to receive from its customers in the future as a result of selling goods. They are a crucial form of liquid assets for enterprises and have a strong impact on their short-term debt-paying ability. Domestic research on accounts receivable risk management in enterprises has formed a corresponding theoretical system, but this system only analyzes accounts receivable risk management from a specific micro perspective and has certain limitations. It has not combined macro and micro perspectives to further study and analyze the entire process of accounts receivable risk management before, during, and after the event, which is not conducive to enterprises conducting systematic, comprehensive, and complete accounts receivable risk management. In recent years, due to intensified competition in the pharmaceutical industry, the industry has made credit sales its main sales method. Although the sales scale of enterprises has expanded with credit sales, many problems have emerged due to accounts receivable. Reasonable and scientific management of accounts receivable can improve competitiveness, reduce operational risk, increase the turnover rate of funds, and increase profit margins. However, due to the problem of many enterprises not attaching importance to accounts receivable management and the imperfect pharmaceutical management system in China, accounts receivable issues have plagued many pharmaceutical companies.

Therefore, this article intends to use Jiuzhou Tong Pharmaceutical Group Co., Ltd. as an example to study a new macro-micro combined perspective of the entire process of accounts receivable risk management before, during, and after the event. By studying and analyzing the current situation of accounts receivable risk management at home and abroad, the types of accounts receivable risks and their influencing factors, a complete, systematic, and comprehensive macro-micro combined framework for accounts receivable risk management before, during, and after the event (hereinafter referred to as APRM framework) has been established. The framework considers economic factors such as the macro national economy, fixed asset investment, and residents' consumption levels, as well as national credit mechanisms, legal environments, industry competition, industry indicators, and the awareness of accounts receivable risk management of micro-enterprises. This new APRM framework is used to study and analyze the accounts receivable risk management of the company. In the case study, this article analyzes the causes of accounts receivable risk in Jiuzhou Tong from macro, medium, and micro perspectives, based on the APRM framework, and divides accounts receivable risk management control into three stages: before, during, and after the event. Measures to strengthen the entire process of accounts receivable risk management in Jiuzhou Tong are proposed to facilitate more comprehensive and systematic prevention of accounts receivable risks.

Keywords: accounts receivable; enterprise credit risk management; whole-process credit risk management; macro-micro combination; pharmaceutical distribution enterprises; Jiuzhou Tong