姚振华实名举报观致汽车被贱卖

Core Viewpoint - Yao Zhenhua, chairman of Baoneng Group and actual controller of Qoros Auto, has filed a formal complaint against the upcoming auction of Qoros Auto's assets, alleging illegal operations in a 270 million yuan enforcement case, which could lead to the company's core assets being sold at a low price [1][3]. Group 1: Company Financials and Investments - Qoros Auto has a registered capital of 16.9 billion yuan, with Baoneng Group holding a 63% stake [3]. - Baoneng Group has invested approximately 26 billion yuan in Qoros from 2018 to the end of 2025, including 8 billion yuan for equity acquisition, 2.7 billion yuan in interest, 8.1 billion yuan in R&D, and 1.8 billion yuan in asset and equipment investments [6][7]. - Despite liquidity issues in late 2021, Baoneng continued to invest 2.5 billion yuan to maintain Qoros's operations and repay financial debts totaling 2.6 billion yuan [6]. Group 2: Asset Valuation and Auction Details - The core assets of Qoros Auto, which include land, buildings, and equipment, are valued at 8 billion yuan according to a third-party assessment, while the local court has undervalued them at 1.535 billion yuan [3][6]. - The first auction held on December 30, 2025, failed to attract bidders with a starting price of approximately 1.075 billion yuan, leading to a second auction with a reduced starting price of about 859.6 million yuan [4][6]. - The auction includes approximately 716,400 square meters of land and various facilities, with specific valuations for different areas of the factory [6]. Group 3: Business Potential and Market Position - Qoros Auto's Changshu factory has an annual production capacity of 150,000 vehicles and offers competitive products like Qoros 5 and Qoros 7, with the latter expected to generate significant export revenue [7]. - A required investment of about 2 billion yuan could enable the resumption of Qoros 7 production within 10 months, potentially generating over 20 billion yuan in annual revenue and substantial tax contributions [7]. - Over 60% of Qoros's creditors have applied for bankruptcy restructuring, seeking to halt the auction and protect their rights [7].