As the end of 2022 approaches, the market environment of the home building materials industry has not improved, and the "cold winter" is not far away. In such a difficult environment, companies will inevitably run into operating difficulties.
Recently, a home improvement company ran away from home in Shanghai. It is understood that the home decoration company involved not only maliciously collected additional payments from the owners, but also owed wages to hundreds of employees. Each worker was owed 50,000 to 60,000 yuan, and the supplier was owed more than 7 million yuan. The amount involved has reached more than 10 million. At present, relevant departments have intervened in the investigation to provide corresponding help to these owners, workers and suppliers.
The situation in the ceramics industry is not that good, and there are many ceramics companies that are just hanging on to survive. According to incomplete statistics from Zhongtaojun, more than 40 ceramic companies across the country have declared bankruptcy since 2022.
More than 40 ceramic companies across the country declared bankruptcy
Guangdong and Jiangxi have the most production areas
Zhongtaojun found from the People's Court Announcement Network and the National Enterprise Bankruptcy and Reorganization Case Information Network that since 2022, more than 40 cases of bankruptcy, liquidation or reorganization of ceramic companies have occurred across the country. Among them, Guangdong has the largest number of production areas, with 12; followed by Jiangxi, Sichuan and Shandong production areas, with 9, 3 and 3 companies respectively. Some industry insiders said that the actual number of bankruptcies of ceramic enterprises may be far greater than the announced situation. Most ceramic companies were already insolvent when they went bankrupt, and they also defaulted on wages to their employees.
On January 4, the Foshan Intermediate People's Court issued an announcement ruling that Foshan Junzhi'an Ceramics Co., Ltd. should be declared bankrupt and the bankruptcy liquidation process should be terminated. Foshan Junzhi'an Ceramics Co., Ltd. has no property for distribution, and its assets are not enough to pay off debts or even bankruptcy expenses, and there is no possibility of reorganization or reconciliation. In addition, the ceramic company owed employees a total of approximately 742,000 yuan in debt.
On March 7, the Guangzhou Intermediate People’s Court ruled to accept the bankruptcy liquidation case of Zengcheng Liguan Ceramics Development Co., Ltd. During the creditor's rights declaration period, its managers received a total of application materials from 12 creditors, with a total declared amount of approximately 5.161 billion yuan, of which the total amount of confirmed undisputed claims was approximately 138 million yuan.
On June 7, the People's Court of Donghe District, Baotou City, Inner Mongolia Autonomous Region ruled to accept the bankruptcy liquidation of Baotou Lufeng Ceramics Co., Ltd.case. As of June 7, 2022, Baotou Lufeng Ceramics Co., Ltd. still owes employees compensation for state-owned status replacement, employees’ wages, medical care, disability subsidies, and pension expenses, which should be transferred to the employees’ personal accounts for basic pension insurance and basic medical insurance. , as well as the compensation that should be paid to employees according to laws and administrative regulations, totaling approximately 10.739 million yuan.
On November 6, the People's Court of Beiliu City, Guangxi Province issued an announcement, ruling in accordance with the law to terminate the bankruptcy proceedings of Guangxi Beiliu City Yuexing Ceramics Co., Ltd. As of September 16, 2022, the property value of this ceramic company was 65.7 million yuan, the debt amount was approximately 120 million yuan, and the asset-liability ratio was 180.93%.
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The main reasons for the bankruptcy of most ceramic companies are: broken capital chain and poor management; inability to pay off due debts, and the assets are insufficient to pay off all debts; inability to pay off due debts, and an obvious lack of solvency; refusal to perform obligations with employees Due to labor contract disputes, the company was blacklisted for dishonesty by the court and was unable to continue operating; its business license was revoked, etc.
The assets of more than 40 bankrupt ceramic companies were auctioned
Zhongtaojun inquired from major auction platforms and found that from 2022 to now, the assets of more than 40 ceramic companies in Guangdong, Shandong, Inner Mongolia, Hebei, Henan, Liaoning and other provinces have been publicly auctioned/sold. Recently bankrupt ceramic companies such as Hebi Huadu Fine Ceramics Co., Ltd. and Zigong Jinhai Ceramics Co., Ltd. have also begun judicial auctions.
The relevant assets of Hebi Huadu Fine Ceramics Co., Ltd. were divided into 5 auctions. Among them, the assets involved in the planned bankruptcy liquidation of Hebi Huadu Fine Ceramics Co., Ltd., specifically the land use rights, houses and auxiliary facilities, greening and equipment under its name, were auctioned for the first time at 10:00 on September 8, with a starting price of 3844.01 Ten thousand yuan. As of 10:00 on September 9, the auction attracted 884 onlookers, but failed because no one bid. After that, it went through two auctions, but still no one bid. The fourth auction will begin on December 13, with the starting price lowered to 23.8173 million yuan.
Some machinery and equipment owned by Hebi Huadu Fine Ceramics Co., Ltd. held its first auction at 10:00 on October 15. The machinery and equipment auctioned mainly included 8 presses, one of which was model CQ2000. The manufacturer is Huacheng Machinery, and the starting price is 352,900 yuan. A total of 13 bids were made during the auction4 times, and finally sold for 682,900 yuan.
Among the assets auctioned since 2022, the largest starting bid amount is the 4 land use rights under the name of Foshan Gaoming Lidefeng Ceramics Co., Ltd., which will be auctioned for the first time at 10:00 on June 13. The starting price is 218 million yuan. As of 10:00 on June 14, the auction attracted 15,030 onlookers, but failed because no one bid. In the subsequent two auctions, there was still no bid, and the starting price dropped to 136 million yuan.
The related assets of Guangxi Beiliu Yongda Ceramics Co., Ltd. held its first auction at 10:00 on December 16. The subject matter was the industrial land east of Yongda Ceramics Factory and Beiliu Conch, Beiliu Daily Ceramics Industrial Park. The starting price for the industrial land, buildings and machinery and equipment southeast of the cement plant is 31.6152 million yuan.
China Taojun found out that the assets auctioned by ceramic companies since 2022 are not as popular as expected. There are very few assets that can be sold in just one auction. Most of them have suffered multiple failed auctions, even if the starting price has been high. Even with discounts, no one cares. Some industry insiders said that the current industry situation is not very optimistic. The assets of these bankrupt ceramic companies are actually hot potatoes, and no one dares to take them.
The home building materials industry has set off a "tide of flight"
Compared to publicly declaring bankruptcy, there are many home building materials companies and dealers who choose to run away directly.
Previously, Bicheng Decoration Design Studio in Bishan District, Chongqing suddenly closed down its business and ran away without prior notice, causing the home decoration of 11 consumers to come to a standstill and the decoration money could not be refunded. Fortunately, in October this year, the decoration agency agreed to refund consumers' decoration money of 369,000 yuan in installments.
On September 18, Liaoshen Evening News reported that a Gujia Home Furnishing dealer in Shenyang was suspected of running away. After collecting consumer payments, he failed to place an order with the Gujia Home Furnishing manufacturer and failed to deliver products to consumers. obligations, respectively arrears of approximately 10 million yuan in loans to consumers and Gujia Home Furnishings. The Gujia headquarters has immediately intervened and taken measures.
In October, Mr. Li from Linyi, Shandong Province purchased a complete set of furniture from the local Sikexin Home Furnishing Store, paying the full price of 16,600 yuan. However, when the agreed time came, the other party failed to deliver the goods. Later, Mr. Li discovered that many consumers who came to defend their rights had gathered at the door of Si Kexin Home. Preliminary statistics involved about 30 people.For each consumer, the cost ranges from a few thousand yuan to 20,000 yuan. Linyi Red Star Macalline stated that it was currently unable to contact the dealer of the store and suggested normal legal proceedings.
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In recent years, it has been very common for home building materials companies or dealers to go bankrupt, run away, or lose contact. There are many problems behind this, such as high survival pressure, small profit margins, and difficulty in capital turnover. Against the backdrop of a downturn in the overall market environment, these problems have overwhelmed enterprises and dealers, and conflicts between manufacturers have increased day by day. Taking the ceramic industry as an example, not only have dealers reported manufacturers for "tax evasion," but there have also been cases where many ceramic companies have maliciously defaulted on wages to their employees.
Surrounded by many difficulties, if ceramic companies want to survive the industry reshuffle, they need to not only strengthen internal management and improve their internal skills, but also strengthen cooperation with manufacturers and break their inherent thinking.
