Reasons for the decline of Pingdingshan Shengguang Group

Industrial structure adjustment, debt problem, poor management.

1. Adjustment of industrial structure: With the increasingly strict restrictions on traditional industries such as coal and chemical industry, the main business of Shengguang Group is facing severe challenges. At the same time, the group relies too much on traditional industries and lacks the support of emerging industries, so it cannot adapt to the trend of market changes and industrial upgrading.

2. Debt problem: Shengguang Group has a large number of debt problems, and many subsidiaries and shareholding holding companies have a large number of loans and arrears, which makes it difficult to repay. This has caused great pressure on the operation of the group, and also led to the tension of the group's capital chain.

3. Poor management: Shengguang Group is poorly managed, and there are problems such as improper personnel appointment, improper business development and chaotic internal management. Management confusion leads to low operating efficiency and can not give full play to the potential and advantages of enterprises.