前海联合财险变局时刻：钜盛华所持20%股权将七折拍卖，总经理李功霓履职一年后辞任

Core Viewpoint - The 20% equity stake of Qianhai United Property Insurance Co., Ltd. will be auctioned on July 21, with an assessed value of 44 million yuan and a starting price of 30.8 million yuan, reflecting a 30% discount due to the financial difficulties of its parent company, Baoneng Group [2][4]. Group 1: Company Background - Qianhai United Property Insurance was established in 2016 by Baoneng Group and four other companies, each holding a 20% stake, with Baoneng's controlling person, Yao Zhenhua, serving as chairman [4]. - The company has faced significant challenges, including a debt crisis at Baoneng Group, leading to multiple rounds of asset freezes, including the 20% stake in Qianhai United [4][5]. Group 2: Management Instability - The management of Qianhai United has been unstable, with the recent resignation of General Manager Li Gongni and the appointment of Huo Jianmei as the interim head [3][9]. - The company has experienced a series of leadership changes since its inception, with several chairpersons resigning or being removed due to various issues [8][11]. Group 3: Financial Performance - Qianhai United has faced declining performance, with a continuous C-level risk rating for 12 consecutive quarters and a solvency ratio approaching regulatory limits [12]. - The company reported a net loss of 104 million yuan in 2024, with total insurance premium income declining from 22.66 billion yuan in 2019 to 15.25 billion yuan in 2024 [12][14]. Group 4: Shareholder Issues - The current shareholders of Qianhai United include five entities, with most of their shares under freeze, complicating potential capital increases [14]. - The auction of the 20% stake adds further uncertainty to the company's future development [15].