Legal analysis: the company can suspend its operations. The so-called closure, from the company's point of view, generally refers to the temporary suspension of its business activities. From the supervisor's point of view, whether a company goes bankrupt will be judged from the following aspects: whether the annual report is submitted on time, whether the registered residence or business premises can be contacted, whether the tax returns are filed, whether the social insurance is paid as required, and whether the company's bank basic account has a record of capital flow.
Legal basis: Article 211th of the Company Law of People's Republic of China (PRC). The company registration authority may revoke its business license if it fails to start business for more than six months without justifiable reasons, or if it stops business for more than six months. Where the registered items of a company change, it fails to register the change in accordance with the provisions of this Law, and the company registration authority shall order it to do so within a time limit and impose a fine of not less than 10,000 yuan but not more than 100,000 yuan.