At the same time, the company’s weaknesses and growth pain points are equally prominent—and have become the central tests on its path to an IPO. First, control gaps in the franchising model are glaring. With franchised stores accounting for more than 95% of the network, quality control is extremely difficult. In 2024, the “worm incident” at a Beijing franchise store triggered a crisis of trust in the brand; related complaints on the Black Cat platform exceeded 380. Revenue at some outlets plunged by 30%. Meanwhile, in 2025 the ratio of newly opened to closed franchise stores deteriorated from 15:1 to 3:1. Franchisees’ payback periods averaged 13–20 months—and could be longer in top-tier cities due to intense competition. Waning franchisee enthusiasm directly undermines the stability of the company’s core source of revenue.
Ранее сообщалось, что США стремятся закончить военную операцию против Ирана в короткие сроки по причине быстрого истощения запасов ракет и других боеприпасов. По данным газеты The Wall Street Journal, конкретный объем арсенала американских ракет-перехватчиков неизвестен, однако опыт предыдущих операций США на Ближнем Востоке свидетельствует о том, что они расходуются быстро.
“It’s a low-margin industry, so it’s always a cost-benefit analysis,” Larry Cornman told me, in Boulder. “But year in and year out, people are getting hurt.” The best way to prevent injuries, Cornman believes, is to avoid turbulence altogether. Air-traffic control will warn pilots of any storms on their weather maps or radar systems. But for clear-air turbulence pilots still rely on reports from other pilots who have already passed through it—an unsatisfactory arrangement for both parties. “A pilot is an analog, qualitative sensor,” Cornman said. “They get bounced around and say, ‘It’s moderate turbulence.’ Well, what does that mean?” A bone-rattling drop on a small plane might feel like a bump or two on a jumbo jet. Or a pilot might be too busy trying to control the plane to comment on the weather at all. “By the time they make the report, it’s happened way back there,” Cornman said. “So the locations aren’t very accurate, either.”，详情可参考旺商聊官方下载
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