Currently, ceramic enterprises are in the midst of a "life and death game" in the existing competitive market, and the prelude to a major reshuffle has begun with great vigor. In 2021, the revenue of several listed companies in the ceramic industry has increased, but their profits have declined significantly. In the first half of this year, the revenue growth of several listed companies has been weak, and their profits have declined rapidly, and the situation is not optimistic. This is true for leading enterprises, but many lower-end and lower-end enterprises are even more on thin ice, hovering on the edge of life and death. Many ceramic enterprises have already fallen into the crisis of insolvency, bankruptcy and reorganization.
Relevant statistics show that from 2020 to the present, dozens of ceramic companies have gone bankrupt every year in the ceramic industry. A total of 36 ceramic companies have gone bankrupt in 2020, 65 in 2021, and more than 30 ceramic companies have gone bankrupt since 2022. While backward production capacity is exiting, leading companies and powerful midfield companies continue to merge and expand.
Many ceramic companies in Guangdong, Guangxi and Jiangxi went bankrupt< /p>
According to incomplete statistics, more than 30 ceramic companies have gone bankrupt since 2022. Among them, Jiangxi has the most with 11 companies, followed by Guangdong with 6 companies.
Recently, many ceramic companies in Guangdong, Guangxi, Jiangxi and other places have entered bankruptcy liquidation procedures.
On October 1, the Beiliu People's Court issued an announcement that the court accepted the bankruptcy and liquidation case of Guangxi Beiliu Yuexing Ceramics Co., Ltd. (hereinafter referred to as Yuexing Ceramics) on July 12. It has been found that as of September 16, 2022, the property value of Yuexing Ceramics was approximately 65.7 million yuan, the debt amount was approximately 119 million yuan, and the asset-liability ratio was 180.93%. The court believed that the debtor Yuexing Ceramics could no longer pay off its due debts and its assets were obviously insufficient to pay off all debts, and it ruled to declare Yuexing Ceramics bankrupt.
Foshan Chancheng District People's Court ruled in accordance with the law on August 25 and August 29 respectively to accept the bankruptcy liquidation cases of Foshan Hongbo Ceramics Co., Ltd. and Foshan Taogong Ceramics Co., Ltd., and required creditors to submit their orders within the specified time. Report claims internally to the manager.
On August 23, the Intermediate People’s Court of Jiangmen City, Guangdong Province announced that on August 8, the court ruled to accept the bankruptcy and reorganization case of Enping Zhengde Ceramics Co., Ltd., and appointed Guangdong Jinqiao Baixin Law Firm on the same day. He serves as the manager of Enping Zhengde Ceramics Co., Ltd. Qichacha information shows that since 2018, Mo **, the legal representative of Enping Zhengde Ceramics Co., Ltd., has failed to perform the effective legal regulations within the period specified in the execution notice.The payment obligations determined by legal documents have restricted high consumption 24 times. Currently, the company has 66 finalized cases, with a total execution target amount of 133 million yuan, a total unfulfilled amount of 114 million yuan, and an unfulfilled ratio of 85.82%.
On August 29, the People's Court of Wanzai County, Jiangxi Province issued an announcement that the court ruled to accept the bankruptcy and liquidation case of Jiangxi Oujia Ceramics Co., Ltd. It was found that Jiangxi Oujia Ceramics Co., Ltd. had no bankruptcy property that could be used to pay bankruptcy expenses and repay claims, and the total amount of claims reviewed and determined by the administrator was approximately 17.35 million yuan. The corporate legal person was unable to pay off its due debts, and the ruling declared Jiangxi Oujia Ceramics Co., Ltd. bankrupt.
The success rate of ceramic enterprise asset auctions in September was only 9%
In September, Alibaba Auction conducted a total of 22 auctions of ceramic industry-related assets online, but only 2 of the auctions were successful. Ali Auction Network shows that Jiarun Architectural Ceramics Co., Ltd., Yongnian District, Handan City, Hebei Province, auctioned polishing machine production lines, kiln production lines, silos, polishing lines, air compressors, gas stations, ball mills and other machinery and equipment with a starting price of 6.51 million yuan. Finally, it was successfully auctioned for 8.019 million yuan. In addition, the ceramic company's 2 scrapers, 2,200 iron brick holders, 1 ball mill, grinding tool rack, 1 brick insertion cart, 13 air conditioners, and 15 small trolleys were also successfully auctioned on the same day for 469,300 yuan.
Except for the above two auctions, other ceramic-related asset auctions in September ended in failure. On September 2, the four warehouses of Shenyang New Dongyuan Ceramics Co., Ltd. and the state-owned land use rights they occupied were publicly auctioned with a starting price of 11.6982 million yuan, attracting 2,228 people to watch; the bankruptcy property of Louis Valentino (Inner Mongolia) Ceramics Co., Ltd. was announced on September 2 On March 27, a second auction was held with a starting price of 53.2994 million yuan, which attracted 1,127 people to watch. In the end, the auction failed because no one bid. The ceramic company's assets were appraised at 59.2216 million yuan at the first auction, and the price was directly reduced by nearly 6 million yuan at the second auction.
In addition, Alibaba Auction Network shows that there were a total of 12 auctions of ceramic-related assets in October. It is worth noting that the Shenyang Intermediate People's Court will auction the real estate and industrial land of Shenyang Haosong Ceramics Co., Ltd. in the Economic Development Zone of Faku County, Shenyang on October 21 and October 30. The starting prices for the four auctions are 108 million respectively. yuan, 18.73 million yuan, 25.64 million yuan, 19.67 million yuan,23.06 million yuan, it has attracted a total of 2,473 onlookers and 0 people have signed up.
A few bankrupt ceramic companies have been revitalized
The reshuffle of the ceramic industry will eliminate many ceramic companies with poor management and backward technology, but this has also become an opportunity for many leading ceramic companies to merge and expand. In recent years, some high-quality large-scale ceramic companies in the ceramic industry have expanded their production capacity through acquisitions, auctions, etc., while some ceramic companies that were in crisis of bankruptcy have been fully revitalized.
According to the "Ceramic Information" report, as mentioned above, Yuexing Ceramics was actually sealed by the Beiliu Municipal People's Court in 2021 due to debt issues. The entire factory was auctioned. In the end, Beiliu Xinruifu Ceramics was auctioned for 55.6907 million yuan. make a deal. After large-scale transformation of the original production equipment, Beiliu Xinruifu Ceramics plans to invest a total of 800 million yuan to build two antique brick production lines with an annual output of 8 million square meters. The first antique brick production line in the first phase was launched on July 25 this year. It was completed and ignited on the same day, and bricks were officially produced on August 1. The current daily output is 28,000 square meters. After stable production, the maximum production capacity can reach 33,000 square meters.
Last year, Guangxi Hongsheng Ceramics, a subsidiary of Hongyu Ceramics Group, successfully purchased Guangxi Xinzhong Ceramics, which applied for bankruptcy liquidation, for 186 million yuan. In July this year, Line 2 of Hongsheng Ceramics Production Base was successfully put into operation. This production line mainly produces 800×800mm glazed tiles, 800×400mm medium plates and 750×1500mm glazed tiles.
Also last year, Jiangxi Huasuo Holding Group wholly acquired Pingxiang Zhengda Ceramics, which had been bankrupt for nearly two years, and changed its name to Jiangxi Huarui New Material Technology Co., Ltd. Huarui New Materials carried out equipment renovation and upgrade in the first half of 2021, started production in the second half of the year, recruited more than 1,200 employees, achieved an output value of 300 million yuan in only half a year, and paid taxes of 8.3 million yuan. In addition, Jiangxi Manjianghong Ceramics invested 80 million yuan to acquire Jiangxi Dongyang Ceramics Co., Ltd., which had been bankrupt for many years, and revitalized the original production lines and resumed production; Foshan Lihua Ceramics Co., Ltd. revitalized 478.37 acres of land after bankruptcy and reorganization, and resolved the Debt of 346 million yuan; 90 Degree Home Furnishing wholly acquires Zhaoqing Zhongheng Ceramics...
Relevant statistics show that in 2021 ceramicsThere have been a total of more than 15 investment and merger cases in the industry, many complete ceramic factories have been auctioned, and bankrupt ceramic companies have been successfully revitalized. In comparison, the number of investment and mergers and acquisitions in the ceramic industry will decrease significantly in 2022, the auction transaction rate of ceramic factories is low, and many bankrupt ceramic companies have been auctioned in multiple rounds without anyone bidding. Obviously, in 2022, when the existing market is shrinking and competition is becoming increasingly fierce, overcapacity in the ceramic industry is becoming more and more serious, and the expansion pace of leading ceramic companies has gradually slowed down.
