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Is Shanghai Xiba going bankrupt soon?

Shanghai Xiba is going bankrupt. Shanghai Xiba was founded in 1994 and successfully listed on the Shanghai Stock Exchange in 20 17. After listing, the gross profit margin of Shanghai Xiba began to decline year by year. At present, the main business of Shanghai Xiba includes water treatment business and air duct cleaning business. Among them, water treatment business includes chemical sales and services, water treatment system operation and management services, dosing equipment sales and installation services and water treatment equipment integration services.