这一次，宝能姚振华，真急了

Group 1 - The article discusses a significant controversy involving Baoneng Group and its chairman, Yao Zhenhua, who publicly accused officials from Changshu City of colluding to manipulate the auction of assets related to Qoros Auto, potentially jeopardizing Baoneng's substantial investments [4][5]. - Baoneng has invested approximately 260 billion yuan in Qoros Auto from 2018 to the end of 2025, despite facing liquidity issues, including a net investment of 25 billion yuan in 2022 to maintain operations [8][29]. - The core dispute centers around the valuation of Qoros Auto's assets, with a third-party assessment valuing them at around 8 billion yuan, while the court's valuation was only 1.5 billion yuan, leading to concerns about the potential undervaluation of Baoneng's investments [11][12]. Group 2 - Baoneng Group is currently facing a debt crisis, with total executed amounts exceeding 1,058 billion yuan across its core platforms, highlighting the financial strain on the company [24]. - The article outlines Yao Zhenhua's past successes in the capital market, including significant investments in Vanke and Gree Electric, contrasting sharply with the current financial difficulties faced by Baoneng [20][23]. - The ongoing auction of Qoros Auto's assets is seen as a critical moment for Baoneng, as losing these assets could further diminish the company's chances of restructuring and recovering from its debt situation [31][32].