Recently, according to the announcement of Ali Auction Network, 100% of the shares of Henan Wolf Tire Technology Co., Ltd. are being sold. The appraisal price of the subject is 14.6864 million yuan, the starting price is 8.824384 million yuan, and the deadline is 10 o'clock on May 7, 2024.
According to the announcement, the company's equity has been frozen, and the equity owners are Lu and Xiong. The sale was a judicial disposal of the company's equity by the Beijing Haidian District People's Court, and the specific reason for the disposal is unknown.
The price was reduced by 2 million yuan and all the shares were sold
According to the data, Henan Wolf Tire Technology Co., Ltd. was established in 2017 with a registered capital of 10 million yuan, the company is located in Xinyang City, Henan Province, mainly engaged in the manufacture and sales of puncture-resistant and anti-leakage tires.
According to reports, the comprehensive performance of the company's products has passed the verification of Guinness World Records large-scale events, and the company's output value in 2023 will not be less than 1 billion yuan.
It is learned from the asset appraisal that the annual production capacity of Wolf tires has reached 2 million, and the book value of the company's total assets is 46.5578 million yuan, of which the book value of tire inventory is about 1.8933 million yuan, the book value of liabilities is 31.8714 million yuan, and the book value of net assets is 14.6864 million yuan.
As early as January this year, 100% of the shares of Henan Wolf Brand Tire Technology Co., Ltd. were publicly auctioned on Ali Auction Online, with a starting price of 10.28048 million yuan. The starting price of this sale was directly reduced by nearly 2 million yuan compared with the first time.
At present, Wolf Tire Technology Co., Ltd. shows normal operation. On April 1 this year, Yu Dequn, member of the Standing Committee of the Jiayuguan Municipal Party Committee and deputy mayor, Zheng Yun, deputy mayor of Xinyang, and Xu Mingchun, secretary of the high-tech zone, also investigated the self-repairing tire project launched by Henan Wolf Tire Technology Co., Ltd.
But looking at the entire self-repairing tire industry, the market has long been a chicken feather.
Self-healing tire track, thorny
In recent years, there are not a few companies that have fallen on the self-repairing tire track: in 2018, Jiangxi Gunaide Tire Co., Ltd. owed more than 63 yuan in arrears of factory rent and liquidated damages, dormitory rent and liquidated damages, which were forcibly seized by the court and listed as restricting high consumption.
On January 17, 2022, the People's Court of Changxing County, Zhejiang Province accepted the bankruptcy liquidation case of Zhejiang Feilishi Tire Technology Co., Ltd. This self-repairing tire company that has landed on CCTV has not been spared.
The first phase of Feilishi Tire invested 600 million yuan to build the first domestic safety tire production base with an annual output of 2 million in Changxing, Zhejiang, with the goal of achieving a production capacity of 20 million Feilishi safety tires within 5 years, and inspiring to build the world's largest systematic and standardized new safety tire production and operation system.
Founded in 2002, Zhejiang Ketaian Tire Co., Ltd. is a high-tech enterprise specializing in the production of puncture-resistant and anti-leakage safety tires.
The company has cooperated with several well-known domestic colleges and universities to establish a provincial R&D center, and successfully developed the fourth generation of automatic special tire production line, filling more than 20 domestic and international technical gaps.
In September 2020, the People's Court of Wuyi County, Zhejiang Province, publicly auctioned the real estate owned by Zhejiang Ketaian Tire Co., Ltd. located in Baihuashan Industrial Zone, Wuyi County, on the judicial auction platform. Eventually, the company came to an end.
Is the self-repairing tire market gone?
A few years ago, once the concept of self-healing tires was launched, many companies sprung up like mushrooms after a rain, especially the development of new energy vehicles, silent cotton + self-repair seems to have become synonymous with special tires for new energy vehicles. But at present, silent cotton tires seem to have become the mainstream of the market.
Taking Michelin as an example, its Shenyang factory is carrying out a technical transformation project of 110 million yuan, adjusting the original annual output of 900,000 self-repairing tires and 1.3 million silent cotton tires to an annual output of 700,000 self-repairing tires and 5 million silent cotton tires.
After the adjustment, the factory's silent cotton tire production capacity increased by 285%, and the self-healing tire production capacity decreased by 22%.
Regarding the necessity of the existence of self-repairing tires, the majority of netizens also launched a heated discussion.
In the early stage of the development of self-repairing tires, many small factories simply did not have the funds to hire experts to develop and develop, let alone test and improve the products, and some manufacturers even sold ordinary tires in the name of anti-puncture, which damaged many dealers and also made the reputation of self-repairing products - many netizens think that self-repairing tires are completely fraudulent marketing methods.
As the head enterprises strengthen R&D investment, there are still many positive comments on the product in the market:
At present, it is the trend of the market to replace self-healing tires with silent cotton tires, but it does not mean that self-healing tires will completely lose the market.
Taking the industry giant Anruichi as an example, in 2023, the company's world's first self-developed fully automatic disc self-healing tire processing production line will be put into operation, the company's annual sales will increase by more than 60%, the cumulative annual shipment will exceed 6.8 million, and the highest daily installation record in the country will be 1,286.
In 2023, Everrich will newly develop Shandong, Beijing-Tianjin-Hebei, Yunnan and Hubei regions, adding 3,689 cooperative stores in 47 cities and 58 cities, and developing a total of 96 cities, 128 operators and 8,679 cooperative stores.
In general, there is still a large market space for self-repairing tires, and only products that really work technology will be recognized by consumers; those who will only create gimmicks and do not pay attention to product manufacturers, the road is destined to not go far.