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Press release of fitness annual meeting
Because during the epidemic, many gyms closed down because of the broken cash flow. On September 28th, 2020, Han Wei, CEO of Luck, said at the 2020 annual meeting of China Green Company that the gym in China is a model of positive cash flow and negative profit, which is not easy to make money, but easy to make money. As long as the cash flow is cut off, these gyms will go bankrupt, and the newly opened gyms will still go bankrupt in case of an epidemic.

Even if there is no epidemic, these gyms will not last long, and they will run away with consumers' membership fees in a year or two. Han Wei said that the reputation of the gym industry has been very poor. But with more and more such things, consumers will become more and more difficult to cheat, and the situation will be better.

In my opinion, what he said is quite right. We often see that many gyms trick consumers into recharging their members, and as a result, they quickly run away with the membership fees recharged by consumers. In June 2020, Mr. Wang opened a gym in front of his home. After seeing the leaflet given to him by the gym, he applied for a three-year membership card, which was recharged 1680 yuan. But when Mr. Wang went to the gym again in August, he found that the gym had run out. After the alarm, the Public Security Bureau said that Mr. Wang's situation was a civil dispute and did not fall within the scope of responsibility of the Public Security Bureau. In other words, Mr. Wang lost 1680 yuan in vain.

Everyone must keep their eyes open when choosing a gym, and give priority to those gyms that have been open for three or five years. Don't go to gyms that have just opened for a long time and keep asking you to apply for a long-term membership card. And I suggest that when choosing a membership card, it is best to do it once a month, and don't listen to the deception of the gym, and do it for several years at a time. They ran away with the money and there was nowhere else to find. And when choosing a gym, you can pay special attention to whether the decoration design of the gym is unique. Generally, gyms that need money are very simple. You can come as you like, and you won't pay more attention to design.