姚振华实名举报后，观致汽车常熟工厂再度流拍

Core Viewpoint - The auction of the Qoros Automotive factory in Changshu failed again despite a significantly reduced starting price, raising concerns about the company's financial viability and the valuation of its assets [1][5]. Group 1: Auction Details - The second auction of the Qoros Automotive factory took place on January 15, 2025, with a starting price of approximately 859.6 million yuan, which is about half of the previous court valuation of 1.535 billion yuan [1]. - The first auction on December 29, 2025, had a starting price of 1.0745 billion yuan but also ended in failure due to no bids [1]. - The auction attracted only one bidder, with 16,636 views and 65,057 spectators, indicating a lack of interest in the asset [1]. Group 2: Allegations and Valuation Discrepancies - Yao Zhenhua, the chairman of Baoneng Group and the actual controller of Qoros, publicly accused local authorities of illegal actions regarding the forced liquidation of the company’s assets, claiming that the core assets were undervalued at 1.5 billion yuan compared to a third-party assessment of 8 billion yuan [1][4]. - The court's valuation was based on a report from Suzhou Tianyuan Land Real Estate Appraisal Co., which used the cost method due to the lack of comparable sales in the automotive industrial real estate sector [7][9]. - The appraisal report indicated that the total value of the assessed assets, including buildings and equipment, was approximately 1.535 billion yuan, with many facilities reported as idle [11][13]. Group 3: Financial Background and Company Performance - Qoros Automotive, originally established as Chery Quantum in December 2007, has faced significant financial challenges, accumulating losses of 6.6 billion yuan from 2014 to 2016 [15]. - Baoneng Group acquired a controlling stake in Qoros in 2017, and while sales peaked in 2018, they were largely driven by internal purchases rather than consumer demand [15]. - Since 2021, Qoros has struggled with operational issues, including factory shutdowns and unpaid debts, leading to a bankruptcy review initiated by creditors in December 2025 [17].