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Reasons for bankruptcy of Qingdao Shimen Leather Company

The reasons are as follows.

1. There are financial risks such as tight capital chain and high debt in the operation of Shimen leather in Qingdao, which makes the enterprise unable to continue its operation.

2. There are some problems in the management of Qingdao Shimen leather, such as nonstandard production management and ineffective cost control, which lead to the decline of enterprise benefits.

3. With the strengthening of environmental protection policy, Qingdao Shimen Leather has some problems in environmental protection, such as nonstandard wastewater treatment and excessive exhaust emission, which led to the enterprises being forced to stop production and rectify.