In the future, when I expand my business, I will set the following rules for myself:1. Do not become a human-mining company.2. Do not go public just to raise money; focus on creating real value.3. Engage in long-term business, earning profits only from services and products, not from investors or shareholders.4. Absolutely do not allow individuals to embezzle money from the company, and absolutely do not allow any illicit profit transfers within the supply chain.

Investors are pouring in money because they know that as long as the company can go public, retail investors (the 'leeks') will use a hundred or a thousand times more money to take over the position.As for the company's management, whether it's service or products, they essentially only serve the purpose of going public. As long as they can get listed, that's all that matters. After all, selling products or services can't make money as fast as scamming on the A-share market.

I worked at a well-established listed company for five years, moving from R&amp;D to supply chain, then went to a project team, and later joined two companies preparing for IPO, both of which had the potential to become unicorns.I've seen through these Chinese enterprises. If the first listed company could go so far, it was because the top management had execution power and caught the right trend. But after twenty years, it was ultimately dragged down by cultural inertia, with the founders' children cashing out, selling the company, and leaving.The latter two companies are very typical Chinese private enterprises, single-mindedly focused on going public to cash out, and the investors following behind, eagerly throwing money at them, are the same.One can only say that Chinese people are not unintelligent, not incapable!But they often work in the wrong direction and absolutely refuse to turn back! They like to persist in their mistakes to the very end!So for many things, if the direction is wrong from the start, no amount of effort will be of any use.$SSE Index(000001.SH)$Hang Seng Index(00HSI.HK)$NASDAQ Composite Index(.IXIC.US)

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