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"Late payment means reduced profitability, knock-on late payments to suppliers, and reduced business growth," an FSB spokesman said.
The result for the stretched-out company is reduced profitability.
"The rest of the world is seeing reduced profitability.
Analysts estimate that weaker currency exchange rates reduced profitability by 5percentto6percentcent.
In December, Standard & Poor's downgraded Nine Dragons' credit ratings to junk status, citing the company's increased borrowing and reduced profitability.
Europe's persistent financial problems also have altered the industry's economics, leaving many banks with bloated balance sheets and reduced profitability.
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It is therefore effectively incumbent upon them to oppose any policies that could reduce profitability.
"There's no question that a [stronger peso] reduces profitability," admits Mr Velasco.
Another study on German co-determination found that greater employee involvement reduces profitability and valuation.
It now has to put up more capital against its operations, forcing the bank to leave certain businesses, reducing profitability.
The difference is important, because if the riskier activities were separated, their financing costs would rise, reducing profitability.
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