Core Viewpoint - Dong'an Holdings Group Co., Ltd. has announced the suspension of operations for several dealerships, including Zhengzhou Zhongyuan Porsche Center, which has sparked discussions among car owners and netizens [1]. Group 1 - The suspension of operations will take effect from December 26, 2025, for Zhengzhou Zhongyuan Porsche, Guiyang Mengguan Porsche, and Zhengzhou Dongjin Volkswagen stores [1]. - All employees at these locations will be on leave during the suspension period, with salaries temporarily paid at the local minimum living standard, excluding outsourced labor [1]. - The company is actively working to secure funds to address employee account issues, with a plan to resolve these within 30 days in batches and proportionally [1]. Group 2 - Employee wages are expected to be paid within 60 days [1]. - The company will continue to make normal social security contributions during the suspension period [1]. - Dong'an Holdings is in communication with banks and manufacturers to resolve issues related to the delivery of customer qualification certificates, with a positive outcome anticipated soon [1]. Group 3 - The company plans to address supplier debts in batches [1]. - Customer deposits and maintenance service issues will also be resolved in an orderly manner over time [1].

Core Viewpoint - Dong'an Holdings Group Co., Ltd. has announced the suspension of operations for several dealerships due to significant operational difficulties, with a focus on addressing employee and customer concerns in a structured manner [1][4]. Group 1 - The company will suspend operations at the Zhengzhou Central Porsche Center, Guiyang Mengguan Porsche, and Zhengzhou Dongjin Volkswagen stores starting December 26, 2025, with all employees placed on leave and receiving minimum local wage during this period [1][4]. - The company is facing challenges due to market economic downturns, severe consumer downgrading, and price wars in the automotive industry [4]. - Employee payments are being prioritized, with plans to resolve outstanding payments within 30 days and to distribute wages within 60 days [4]. Group 2 - The company is actively working to resolve issues related to customer deposits and maintenance services in an orderly manner [2][4]. - There are ongoing discussions with banks and manufacturers to expedite the delivery of customer qualification certificates [4]. - The company has refuted rumors regarding "investors fleeing," labeling them as false statements that hinder problem resolution [4].

Core Insights - Two Porsche centers in Zhengzhou and Guizhou have reportedly "run away," leaving customers unable to retrieve their vehicles or services after paying deposits [1][20][27] - Both centers are linked to the same parent company, Dong'an Holdings Group, which is facing internal issues [5][21] Group 1: Incident Overview - On the 24th, social media reported that the Zhengzhou Zhongyuan Porsche Center had emptied overnight, affecting customers who had paid deposits and purchased service packages [3][16] - The Zhengzhou center is the largest Porsche authorized 4S flagship store in Henan, covering an area of 12,000 square meters [3][16] - The Guizhou Mengguan Porsche Center was also reported to be empty on the same day, with customers filing police reports due to unpaid deposits and unfulfilled service packages [20][21] Group 2: Company Background - Dong'an Holdings Group, which owns both Porsche centers, reported a revenue of 6.201 billion yuan and a sales volume of 23,400 units in 2023, ranking 80th in the top 100 Chinese automotive dealer groups [21] - The group operates over 40 subsidiaries and represents multiple brands, including Porsche, BMW, and Audi, as well as several new energy brands [21] Group 3: Industry Context - The challenges faced by Dong'an Holdings reflect broader issues within the automotive dealership industry, particularly as traditional fuel vehicle sales decline [23][27] - Other dealerships, like the Xinfengtai Group, have also reported significant revenue declines and are shifting focus towards new energy vehicles [10][25] - The transition from fuel to electric vehicles has led to a cautious approach among luxury brands, with Porsche recently scaling back its electric vehicle initiatives in China [27]

Core Viewpoint - Dong'an Holdings Group's subsidiaries, including Zhengzhou Zhongyuan Porsche Center, have suspended operations due to operational difficulties, raising concerns among consumers and stakeholders [1][3]. Group 1: Company Operations - Dong'an Holdings announced the suspension of operations for three stores: Zhengzhou Zhongyuan Porsche, Guiyang Mengguan Porsche, and Zhengzhou Dongjin Volkswagen, effective December 26, 2025 [1][3]. - The company cited market changes and operational challenges as reasons for the decision [3]. - Employees at the affected stores will be on leave, with salaries temporarily adjusted to the local minimum living standard during this period [3]. Group 2: Employee and Customer Issues - The company is working to address employee payments, with plans to process outstanding wages within 60 days and to manage employee account issues within 30 days [3]. - Customers who have made deposits or purchased service packages may face difficulties, with amounts ranging from 20,000 to several tens of thousands of yuan at stake [5]. - The company is in discussions with banks and manufacturers to resolve issues related to customer certificates and supplier debts [3][5]. Group 3: Management and Communication - Internal sources indicated that the company is committed to resolving issues and will not abandon its responsibilities [5]. - The legal representative of Dong'an Holdings, He Xiaomei, stated that she does not manage the specific operations of the Porsche centers and is unaware of the reasons for the sudden closure [5]. - The local business bureau has initiated an investigation into the situation, indicating that the matter is being taken seriously by authorities [5][6].

（文章来源：证券日报） 天眼查App显示，近日，喀什长信汽车销售服务有限公司成立，注册资本1000万元，经营范围包括汽车 销售、汽车零配件批发、新能源汽车整车销售等，由广汽集团旗下广汽商贸有限公司全资持股。 ...

Core Viewpoint - The recent closure of the Zhengzhou Zhongyuan Porsche Center under Dong'an Holdings Group has sparked significant discussion among car owners and netizens, raising concerns about the company's operational stability and customer service commitments [1]. Summary by Relevant Sections Company Operations - Dong'an Holdings Group announced the suspension of operations for the Zhengzhou Zhongyuan Porsche Center, Guiyang Mengguan Porsche, and Zhengzhou Dongjin Volkswagen store starting December 26, 2025, with all employees placed on leave [1]. - During the leave period, employee salaries (excluding outsourced labor) will be temporarily paid at the local minimum living standard [1]. Employee and Customer Issues - The company is actively seeking funds to address employee account issues, with plans to resolve these within 30 days in batches and proportionally [1]. - Employee wages are expected to be paid within 60 days, and social insurance will continue to be paid normally during the suspension [1]. - The company is in communication with banks and manufacturers regarding the delivery of customer certificates, with a resolution expected soon [1]. - Supplier debts will be addressed in batches, and customer deposits and maintenance service issues will also be resolved in an orderly manner [1].

Core Viewpoint - The Zhengzhou Zhongyuan Porsche Center and other dealerships are suspending operations due to economic downturns, consumer downgrade, and price wars in the automotive industry, with a focus on addressing employee and customer concerns during this period [1][2]. Group 1: Company Operations - The group has decided to suspend operations at Zhengzhou Zhongyuan Porsche, Guiyang Mengguan Porsche, and Zhengzhou Dongjin Volkswagen stores starting December 26, 2025, with all employees placed on leave [1]. - During the leave period, employee salaries (excluding outsourced labor) will be temporarily paid at the local minimum living standard [1]. Group 2: Employee and Customer Issues - The company is actively raising funds to address employee account issues, expecting to resolve them in batches within 30 days [2]. - Employee wages are projected to be paid within 60 days, and social insurance will continue to be paid during the suspension [2]. - The company is in communication with banks and manufacturers to expedite the delivery of customer certificates, with a positive outcome expected soon [2]. - Supplier debts will be addressed in batches, and customer deposits and maintenance service issues will be resolved in an orderly manner [2]. Group 3: Public Communication - The company has labeled online rumors about "investors fleeing" as false and detrimental to problem resolution, urging the public not to spread such rumors [2].

同日，东安控股方面告诉南都N视频记者，"不存在跑路的情况，肯定会负责到底的。公司已经成立专 业的团队去处理，后续会慢慢恢复正常的。" 12月26日，南都N视频记者获悉，郑州中原保时捷中心母公司东安控股集团有限公司（下称"东安控 股"）发布通告称，集团实际经营情况困难，经集团研究决定，自即日起，郑州中原保时捷、贵阳孟关 保时捷、郑州东锦大众店暂停营业。 关于员工账款问题，集团正在积极筹措资金，预计在30日内分批次、按比例处理完毕；关于员工工资问 题，集团预计在60日内发放完毕；关于停业期间的社保问题，集团将正常缴纳；关于拖欠客户合格证的 问题，集团正在积极与各银行和厂家沟通，近期有望达成沟通结果，尽快将合格证交付给客户；关于供 应商欠款问题，集团将会分批次解决；关于客户定金和储值保养问题，集团将会分批次有序解决。 同时，通告还表示，网上出现的关于"投资人跑路"等消息，均为不利于解决问题的虚假言论。集团将在 相关部门监督下，严格按照以上时间节点，稳步推进，直至事情得到解决。 保时捷此前致歉称将妥善处理 南都记者注意到，近日，有消费者称，"其向东安控股旗下的濮阳悦宝行汽车销售服务中心支付了购车 意向金，被告知该店所 ...

Core Viewpoint - Dong'an Group is facing significant operational issues, with reports of its dealerships, particularly the Zhengzhou Zhongyuan Porsche Center, experiencing abnormal operations and potential closure, leading to customer concerns and financial disputes [1][4][6]. Group 1: Company Operations - Dong'an Group has denied rumors of "running away" but acknowledged that some of its dealerships are unreachable and experiencing operational anomalies [1]. - The group operates multiple dealerships, including brands like Porsche, BMW, and Audi, primarily located in Zhengzhou and Xinxiang [1]. - Reports indicate that the Zhengzhou Zhongyuan Porsche Center was operational on December 22 but faced a sudden closure on December 23, leaving customers in distress [4]. Group 2: Customer Impact - Customers have reported being unable to contact the Zhengzhou Zhongyuan Porsche Center, with amounts involved in disputes ranging from tens of thousands to hundreds of thousands [3]. - A letter from a sales consultant indicated that employees were unaware of the impending closure, which has left customers who paid deposits or pre-purchased services in a difficult position [4]. - The local business bureau has initiated an investigation into the situation, while the police have suggested that the issue may stem from a potential funding crisis [4][6]. Group 3: Manufacturer Response - Porsche China has expressed concern over the situation and is working with local authorities to address customer issues, emphasizing the importance of consumer rights [6].

Core Viewpoint - The sudden closure of the Zhengzhou Zhongyuan Porsche Center has raised significant concerns, prompting investigations and consumer support efforts from relevant authorities and Porsche China [1]. Group 1: Incident Overview - The Zhengzhou Zhongyuan Porsche Center, located in the Dazhongyuan International Automobile City, abruptly closed, leading to reports of an empty showroom and difficulty for consumers to contact sales personnel [1]. - On December 25, a Porsche representative confirmed awareness of the operational irregularities at the authorized dealership and stated that they are collaborating with police and relevant departments to verify the situation [1]. Group 2: Response and Actions - Porsche China expressed sincere apologies for the inconvenience and concerns caused to car owners and consumers, emphasizing their commitment to prioritizing consumer rights [1]. - The Zhengzhou Zhongyuan District Commerce Bureau announced the establishment of a special task force to investigate and coordinate the situation, actively communicating with consumers and assisting them in handling related matters [1].