宝能董事长姚振华实名举报，观致资产被低价侵吞！

Core Viewpoint - Yao Zhenhua, chairman of Baoneng Group and actual controller of Qoros Auto, publicly accused officials of illegal operations that jeopardize the interests of shareholders and creditors in a 2.7 billion yuan enforcement case [1][9]. Group 1: Background of Qoros Auto - Qoros Auto was founded in 2007 by Chery and an Israeli group, officially established in 2011, and initially gained attention for its design and safety standards [3]. - Due to poor management, Chery faced continuous losses, leading to Baoneng acquiring a 51% stake for 6.63 billion yuan in 2017, later increasing its stake to 63% [3]. Group 2: Investment and Financial Commitment - Baoneng committed to invest 100 billion yuan annually for five years in R&D, which helped Qoros achieve sales of 63,000 vehicles in 2018 [5]. - From 2018 to the end of 2025, Baoneng invested a total of 26 billion yuan in Qoros, including 8 billion yuan for equity acquisition, 2.7 billion yuan in interest, 8.1 billion yuan in R&D, and operational expenses [5]. - In 2022, Baoneng faced liquidity issues but still injected 2.5 billion yuan to maintain Qoros operations and repaid 2.6 billion yuan in financial debts [5]. Group 3: Current Crisis and Legal Issues - The crisis began with a 2.7 billion yuan enforcement case, leading to the sealing of Qoros' core assets by local authorities [7]. - A third-party evaluation valued these assets at 8 billion yuan, but local authorities assessed them at only 1.5 billion yuan, with the auction starting at 860 million yuan after an initial failure [7]. - Yao expressed frustration over the undervaluation and impending auction, emphasizing the potential loss of 26 billion yuan in investments and 13.9 billion yuan in creditor claims [9]. Group 4: Response and Public Outcry - Yao's public denunciation was a last resort after numerous attempts to negotiate a fair solution with local authorities, which were unsuccessful [9]. - The situation has caused alarm among 1,500 suppliers and several institutional creditors, fearing significant financial losses due to the low auction price [9]. - Yao stressed that the motivation behind the public accusation was to protect the rights of all shareholders and creditors and to uphold a fair business environment [12].