Why did Suzhou Industrial Park Shimao Hubin Real Estate Co., Ltd. go bankrupt?

Declining market demand and poor management.

1. Declining market demand: The real estate market is a highly competitive market. With the decline of market demand, Suzhou Industrial Park Shimao Hubin Real Estate Co., Ltd. will face problems such as sales difficulties and slow withdrawal of funds, which will lead to the deterioration of its financial situation and eventually bankruptcy.

2. Poor management: Shimao Hubin Real Estate Co., Ltd. in Suzhou Industrial Park has problems such as poor management and improper cost control, which leads to a decline in profitability, inability to repay debts and bankruptcy.