1, decline in main business: Lake Electric's main business is low-voltage electrical appliances and control equipment, but in recent years, the market competition in this business has become increasingly fierce, resulting in a decline in the company's main business and poor performance.
2. Tight capital chain: Lake Electric has the problem of tight capital chain when expanding its scale, and the company's financial management is not standardized, which leads to an increase in the company's debt risk.
3. Repeated changes in management: In recent years, the management of Lake Electric has changed many times, which leads to the incoherence of the company's strategic direction and management ideas and affects the company's development.