知名房企巨头上海总部大楼被6折甩卖，公司3年巨亏400亿元

Core Viewpoint - The auction of Sunshine City Headquarters at Binjiang International Plaza concluded with a final price of 1.31 billion yuan, significantly lower than its initial auction price of 2.1 billion yuan, reflecting ongoing financial difficulties faced by the company [1][4]. Group 1: Auction Details - The auction for Binjiang International Plaza started at 1.13 billion yuan and went through 37 rounds before closing at 1.31 billion yuan [1]. - The property, previously known as "Sunshine Holdings Building," is located in Shanghai's Yangpu District and features a prime view of the Huangpu River [1][4]. - This property had previously been auctioned four times without success, with starting prices ranging from 2.1 billion yuan to 1.31 billion yuan [4]. Group 2: Financial Background - The building was mortgaged by Sunshine City Group as collateral for a debt of 933 million yuan, which it failed to repay, leading to the auction [4]. - Sunshine City has been actively selling assets to alleviate its debt burden, including the sale of shares in Industrial Bank and over 20 other valuable assets, recovering more than 45 billion yuan to pay off debts [6]. - As of September 25, 2023, Sunshine City had overdue debts totaling 65.734 billion yuan, with additional unpaid bonds amounting to 2.244 billion USD in the overseas market and 16.463 billion yuan in the domestic market [13]. Group 3: Company History and Performance - Sunshine City was established in 2002 and began its rapid expansion in 2010, achieving significant sales growth and entering the top tier of Chinese real estate companies [8][10]. - The company reached a sales peak of 211.031 billion yuan in 2019, ranking among the top 15 real estate firms in China [7][10]. - However, the aggressive expansion led to high debt levels, with total liabilities exceeding 274.6 billion yuan by the end of 2022, and a significant portion of this debt was due within a year [10][11]. Group 4: Recent Developments - Since 2022, Sunshine City has faced substantial losses, with net profits reported at -12.55 billion yuan in 2022 and -19.56 billion yuan in 2024 [11]. - The company's stock was delisted from the Shenzhen Stock Exchange in August 2023 due to continuous low trading prices [11]. - Recent management changes occurred in March 2024, with the founder stepping down amid ongoing financial struggles [11].