Why didn't Xuchang Tengfei close down?

Rich. Xuchang Tengfei is rich and will not go bankrupt. Xuchang Tengfei Municipal Engineering Group, formerly known as Xuchang Municipal Company, is a public utility established by 1958, and 1984 was changed to self-supporting. At the end of 2004, the province took the lead in restructuring the municipal industry, and the operating mechanism was transformed from commercial enterprises to state-owned enterprises, and the pillar industries were restructured from municipal construction to real estate development, and from single project construction to diversified industries.