Why hasn't Nantong Sanjian gone bankrupt?

Up to now, on March 3, 2023, 13 went bankrupt.

The reason why Nantong Sanjian closed down was that there was a problem in the capital chain of Nantong Sanjian. After Huang Yuhui took office, he carried out some drastic reforms, and the "soft spot" of this company, which started with architecture, began to be completely exposed. The bigger the stall, the more money it takes up, leading to bankruptcy.

The construction scope of subsidiaries and wholly-owned and holding subsidiaries of Nantong Sanjian Group covers housing construction, electromechanical, decoration, municipal administration, highways, gardens, ancient buildings and other fields. The company has the special qualification of general contracting of housing construction projects.