The reasons why Laoganma is determined not to go public:

First, Laoganma is not short of money and has good cash flow control. It neither owes anyone money nor allows others to owe it. She has money, so she doesn’t need to raise money or go public to develop her business.

Second, Lao Ganma herself has never been optimistic about the listing of companies. She is an entrepreneur of the older generation and has a strong sense of risk. She knows that going public has its benefits and risks. The benefits are Going public can attract funds, but the disadvantage is that if you don't understand the operation, you may end up in a mess. It's like stock trading. Your originally very stable assets have become floating stock market values ????that fluctuate up and down. If you use her old model of management Listed companies may not be very useful in dealing with a large number of investors, so they insist on never going public.

Thirdly, Laoganma belongs to a traditional industry, and its operating costs are relatively low. It does not require much effort to operate itself. It can develop well with its own working capital, so there is no pressure to do anything. It is not possible to let the company go public.