Analysis on the bankruptcy reasons of Hefei Spring Transportation Co., Ltd.

1. Poor management: Hefei Spring Transportation Co., Ltd. has some problems during its operation, such as chaotic management, irregular fund management, and inadequate cost control, which leads to poor management and can't maintain normal business development.

2. Debt problem: Hefei Spring Transportation Co., Ltd. has accumulated a lot of debts during its operation, including bank loans, supplier arrears, employee salaries, etc. It is difficult to repay, leading to the break of the capital chain.

3. Market competition: Hefei Spring Transportation Co., Ltd. is in a fierce freight market, and its market share is gradually seized by other competitors, resulting in a decline in business volume and income.