Why did Zoje sewing machine close down?

Zoje sewing machine company has not closed down. Zoje is still a listed company.

Zoje was established in 1994 with total assets of 2.6 billion yuan.

There are two industrial parks in Zhejiang and Jiangsu, with the world's most advanced automation equipment for assembly, painting, casting and casing processing, provincial technology research and development centers in Zhejiang and Jiangsu, and R&D institutions in European countries. Internationalized equipment and advanced technology condense into excellent quality, form a unique industrial cluster, provide a good development platform for many sewing equipment enterprises, and become a global production base with the strongest comprehensive strength of industrial sewing machines with high concentration, high product technology content, high brand awareness and reputation and diversified development.