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 [2][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 [2]. - The property, previously known as "Sunshine Holdings Building," is located in Shanghai's Yangpu District and features a prime view of the Huangpu River [2][4]. - This property had previously been auctioned four times without success, with initial prices ranging from 2.1 billion yuan to 1.31 billion yuan [4]. Group 2: Financial Background - Sunshine City Group, the original owner, has been unable to repay debts totaling 933 million yuan, leading to the auction of the property as collateral for a trust loan [4][5]. - The company has been actively selling assets to alleviate debt pressure, including shares in Industrial Bank and over 20 other quality assets, recovering more than 45 billion yuan to pay off debts [7]. - As of September 25, 2023, Sunshine City has overdue debts totaling 65.73 billion yuan, with additional unpaid bonds in both domestic and international markets [12]. Group 3: Company Performance and Challenges - Sunshine City was once among the top 15 real estate companies in China, achieving sales of 211.03 billion yuan in 2019 [8]. - However, the company has faced significant financial challenges, with total liabilities exceeding 650 billion yuan and a debt-to-asset ratio of 111.68% as of mid-2024 [9][12]. - The company reported substantial losses from 2022 to 2024, with net profits of -12.55 billion yuan, -8.07 billion yuan, and -19.56 billion yuan respectively [10].
知名房企巨头上海总部大楼被6折甩卖 “坐拥黄浦江一线江景”！公司3年巨亏400亿元 到期未付债务超650亿元 创始人被限制高消费
Mei Ri Jing Ji Xin Wen·2025-10-07 05:34