Will Jinkai New Energy lay off employees if it fails to go public?

Failure to go public will lead to layoffs. For a company, the temptation to go public is too great. Guangdong Jinkai New Energy Technology Co., Ltd. applied for listing on GEM in June 20 17, but was rejected in July 20 18. 20 19 rushed to the growth enterprise market again in May, and was selected by the CSRC for on-site inspection in July, 20 19, and withdrew. On the one hand, its performance is not enough to impress the audit Committee, on the other hand, it relies too much on big customers.