Is Nanjing Jinlun Real Estate Company going out of business?

Nanjing Golden Wheel Real Estate Company is going to close down. Jinlun Tiandi is a regional real estate enterprise rooted in Jiangsu. It was founded by Wang Qinxian in 1994. Its main business includes investment holding, commercial and residential real estate development. After years of development, its business is still mainly concentrated in Jiangsu Province. Judging from the financial report data, it is an indisputable fact that the performance of Jinlun Tiandi is poor and the funding gap is large. In 20021year, the bank loans and senior notes due within one year of Jinlun Tiandi totaled 4.462 billion yuan. The cash in hand is only 976 million yuan, that is, the funding gap is 3.486 billion yuan.