不结婚的年轻人，又撂倒一个行业

Core Viewpoint - The article discusses the decline of the wedding photography company, Bojue Travel Photography, highlighting its operational struggles, customer complaints, and the broader industry challenges due to decreasing marriage rates and economic downturns [4][5][16]. Group 1: Company Overview - Bojue Travel Photography, headquartered in Xiamen, has faced numerous complaints regarding store closures and unresponsive customer service [4]. - The company has historically been a leader in the wedding photography sector, with over 100 travel photography bases globally and significant marketing efforts, including sponsorships and celebrity endorsements [8][20]. - At its peak, Bojue's annual revenue approached 1 billion yuan, with an average of 100,000 wedding photography orders per year [20]. Group 2: Current Challenges - The company is currently scaling back its travel photography business, closing unprofitable stores, and undergoing organizational restructuring due to ongoing financial losses [9][16]. - Complaints from customers include difficulties in obtaining refunds and completed photography services, with many reporting that the company has become unresponsive [10][9]. - Employees are also facing significant delays in salary payments, with reports of wages being overdue for up to five months [15][12]. Group 3: Industry Context - The wedding photography industry is experiencing a downturn, exacerbated by a decline in marriage rates, which fell from 13.5 million couples in 2013 to an estimated 6.1 million in 2024, marking a 40-year low [8]. - The shift in consumer behavior, with younger generations opting out of marriage, has negatively impacted related businesses, including wedding photography [8]. - The company's reliance on a prepayment model for services poses a risk of cash flow issues, especially in a challenging market environment [16][21]. Group 4: Financial Implications - Bojue Travel Photography reportedly has a debt of approximately 15 million yuan in unpaid salaries, with additional liabilities from customer deposits [19][20]. - The company’s current operational model, which includes a significant amount of pre-sold services, could lead to a total liability of up to 120 million yuan if the service delivery cycle extends to two years [21]. - The financial strain is compounded by negative publicity and operational challenges, making it difficult for the company to secure new investments or funding [18][16].