Why doesn't Hongxun Technology go up?

The main reason is that Hongxun Technology has been losing money. According to the investigation of Hongxun Technology's announcement in official website, its poor project management led to losses. The loss is due to insufficient overall demand in the European market, high labor costs and unsatisfactory development of domestic new energy business. The problem of its own business model is that it is generally difficult to expand customized standardized products.