Why didn't the Shi Kuang auction take place?

Because of economic and environmental factors. According to relevant information, Hongtu Hi-Tech said that due to the macroeconomic, external financial environment and its own business adjustment, Shi Kuang International cancelled some Beijing-Hong Kong auctions, resulting in a decline in operating income; At the same time, due to the increase in rental fees and publicity fees, the company's net profit fell sharply.