There are many reasons for the closure of Quanzhou Guo Xing and Niu. First of all, there are some problems in the operation of this enterprise, such as poor management and irregular finance. Secondly, the market competition is fierce, and other enterprises in the same industry are also stepping up their development and expansion. In addition, the change of consumer demand is also one of the important reasons leading to the closure of the enterprise. Consumers pay more and more attention to food safety and health issues, but the performance of Guo Xing and Niu in this respect is not satisfactory, which also leads to the decrease of consumers' trust in this enterprise. Finally, there are some external factors that also have an impact on its operation, such as changes in labor costs and raw material prices. To sum up, the bankruptcy of Quanzhou Guo Xing and Niu is the result of a variety of factors, and we need to find solutions from many aspects.