SMM Survey of Infrastructure Enterprises in July

1. A medium-sized infrastructure enterprise in south China: The project is currently progressing as scheduled. We adjusted operations to avoid high temperatures and we were not affected. Payment collection is fast. Our project is a special fund project, and when the project was finalised, we had already received the fund. The production progress in August may be slower, but we can catch up on it in September and October. The progress would be close to that in the second quarter.

2. A large infrastructure company in north-west China: We have new projects this month due to the peak season now, and purchased in large volumes. But we have no inventory amid cash flow issues. Workers increased. There are no completed projects yet, and all of them are in progress. The project progress is normal.

3. A medium-sized infrastructure company in north China: The project in hand is progressing normally, and the construction progress slowed down affected by the weather. There are no new projects or completed projects this month, so our purchase volume is basically stable. The number of personnel is also relatively stable, but may be reduced if there are no more projects. In the next three months, there may be no new projects or completed projects. This year, the number of our projects fell sharply compared with last year. We are undergoing cash flow issues and payment collection is slow.

4. A medium-sized infrastructure company in south-west China: Our company has not changed much this year compared to last year. There are new projects and completed projects this month. We purchase on demand and do not prepare inventory. The construction speed slowed down due to high temperatures as production has been required to be halted when the temperature exceeds a certain degree. Payment collection is slow amid the downturn in the economy. But we do not have cash flow issues.

5. A large-scale infrastructure company in south-west China: The construction progress of their company is acceptable at present. There are dozens of new projects this month. We increased purchases and manpower. Our cash is sufficient this year.

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