Why didn't Fujian Xinyi Technology go public?

The reasons why the company did not go public are as follows:

1. development stage: Xinyi technology is still in the stage of growth and development, and has not yet reached the scale and profitability required for listing.

2. Business strategy: The listing of an enterprise needs to undertake certain information disclosure and corporate governance obligations, which will have an impact on the business strategy and decision-making of the enterprise. Xinyi technology pays more attention to flexible business strategy and information confidentiality, so it chooses not to go public.