宝能姚振华实名举报

Core Viewpoint - The auction of the Qoros Automotive factory in Changshu has drawn attention after the chairman of Baoneng Group, Yao Zhenhua, claimed that the assets valued at 8 billion yuan are being "sold off cheaply" at a starting price of 860 million yuan, with no bidders participating in the auction [2][4]. Group 1: Auction Details - The second auction of the Qoros Automotive factory took place with 60,000 viewers but only one registration, resulting in no bids. The starting price was set at 859.6 million yuan, requiring a deposit of 171.9 million yuan, with a minimum bid increment of 1 million yuan [5]. - The factory's assessed value was approximately 1.5 billion yuan, significantly lower than the claimed value of 8 billion yuan by Yao Zhenhua [6][10]. Group 2: Financial Background - Since Baoneng Group took control of Qoros Automotive in late 2017, it has invested around 26 billion yuan from 2018 to 2025, including 2.5 billion yuan during a liquidity crisis in the second half of 2021 to maintain operations and core R&D [7]. - Qoros Automotive requires an additional investment of about 2 billion yuan to resume production within 10 months, despite facing significant financial challenges, including over 35 billion yuan in frozen equity and more than 7.6 billion yuan in total execution amounts [8]. Group 3: Asset Valuation Discrepancies - The valuation report from Suzhou Tianyuan Land and Real Estate Appraisal Co. indicated that the factory's land and buildings were valued at approximately 1.16 billion yuan, while equipment and facilities were valued at around 376 million yuan, totaling about 1.54 billion yuan [10][12]. - The valuation method used was the cost approach, which does not consider future earnings and only accounts for land and construction costs, excluding brand value and production qualifications [12][13].