Problems and difficulties in Xi 'an Catering Co., Ltd.

Most of the companies affiliated to the company are "Chinese time-honored brands" with a long history, distinctive local characteristics and high reputation. In recent years, governments at all levels attach great importance to time-honored enterprises and have successively introduced some support policies. However, due to historical reasons, time-honored brands still face some practical difficulties.

(1) Time-honored enterprises have heavy historical burdens, backward hardware facilities and outdated equipment. Most of the original business outlets are in the old city, and the transformation and upgrading need to invest a lot of money, which leads to the shortage of funds for enterprise development.

(2) The demolition and reconstruction of time-honored outlets caused by the government demolition and reconstruction project, as well as the problems of directly affiliated public houses caused by historical reasons, are constantly presented with the demolition and reconstruction of outlets, which has extremely adverse effects on the company.

(3) When looking for new business outlets, it is difficult to coordinate the prominent contradiction between the high market rent and the generally low profit rate of the catering industry.

The above problems have had a certain impact on the scale development of enterprises, which is fundamentally not conducive to the good operation of enterprises, and is not conducive to the strength and sustainable development of enterprises.

At the same time, there has been no refinancing since the company went public, and the company's financial situation has been very tight and the financial burden is very heavy. The shortage of funds has become one of the main factors restricting the development of the company.