Will Fassen Group go bankrupt?

Fassen Group will go bankrupt. "Liabilities are 654.38+646 million, and net assets are only 654.38+87 million. At present, the net profit is-35 million yuan, which means that the net profit continues to lose money. When the accumulated loss is more than 654.38+87 million yuan, the net assets of Falsheng will be negative, and there is a risk of delisting, but it will take a little longer. Jiangsu Farsheng Co., Ltd. was established on 1993, and its headquarters is located in Jiangyin City, Jiangsu Province. The company is jointly established by Falsheng Group Company (formerly Jiangsu Wire Rope Group Company), China Metallurgical Import and Export Jiangsu Company, Qingdao Sixth Rubber Factory, Zaozhuang Rubber Factory and Liaoning Hardware and Mineral Import and Export Company. Formerly known as Jiangyin Wire Rope Co., Ltd., it was officially changed to Jiangsu Farsheng Co., Ltd. in April 1998.