来源：燕梳师院 1月14日，宝能集团董事长、观致汽车实控人姚振华发布了一段实名举报视频。视频中，他面向最高人 民法院、江苏省高级人民法院公开举报，直指常熟市相关部门在观致汽车2.7亿元执行案件中存在违法 操作，核心诉求是阻止企业核心资产被低价拍卖。 图源："中国宝能"官微 这一举动瞬间打破了资本市场的平静，引发广泛关注与热议。 举报风波 事件源头可追溯至多年前的金融借款合同纠纷。中国进出口银行与宝能投资集团、观致汽车的借贷争 议，于2022年开庭审理，2025年6月进入执行阶段，标的金额约2.7亿元。 随着债权转移至苏州本地资产管理公司，常熟法院启动资产拍卖程序，而争议的核心迅速聚焦于资产估 值的巨大差异。 姚振华方面出具的第三方评估报告显示，观致汽车常熟生产基地的土地、厂房、设备等核心资产价值约 80亿元，但法院委托苏州市天元土地房地产评估有限公司给出的估值仅为15.35亿元，其中房地产估值 11.59亿元，设备设施及零配件估值3.76亿元。 产生巨大差异的主要原因在于评估前提不同。姚振华方的评估假设企业持续经营，而法院委托的评估则 基于观致汽车已停产多年的现实，指出设备缺乏维护、价值已严重折损。 姚振华指 ...

Core Viewpoint - The video released by Yao Zhenhua, chairman of Baoneng Group and actual controller of Qoros Auto, has sparked discussions regarding alleged illegal operations in the execution case of Qoros Auto, which may lead to the undervalued auction of the company's assets [2] Group 1: Company Overview - Qianhai Life Insurance was established in 2012, with Shenzhen Jushenghua Co., Ltd. as the controlling shareholder and Yao Zhenhua as the actual controller [3] - The insurance company achieved remarkable milestones, including a scale premium of 10 billion in its first year and profitability in its second year [4] Group 2: Recent Challenges - Following the "Baowan dispute," Baoneng Group faced a debt crisis, and Qianhai Life was penalized for inadequate rectification, leading to Yao Zhenhua's disqualification from the insurance industry for ten years [5] - Yao Zhenhua's ban will expire in one year [6] Group 3: Management Changes - After Yao Zhenhua stepped down as chairman, Zhang Jinsun took over but resigned in March 2021 for personal reasons, leading to Shen Chengfang serving as acting chairman [8] - The positions of chairman and general manager at Qianhai Life remain vacant [9] Group 4: Financial Performance - Qianhai Life has not updated its annual information report for over three years, with the last solvency report available from Q1 2022, showing a loss of 2.323 billion, a 78.53% decline in premium income, and a total asset of 363.697 billion [11] - The core solvency adequacy ratio is only 66.39%, with a risk comprehensive rating of C [11] Group 5: Investment and Workforce - Qianhai Life has invested in 114 companies across various sectors, including real estate and finance, with 38 companies in a state of cancellation [13] - The number of insured employees has been gradually decreasing, with 822 in 2022, 820 in 2023, and 798 projected for 2024 [13] Group 6: Operational Status - In 2025, Qianhai Life discontinued 31 products, including 22 insurance products in August, citing "based on the company's actual business situation" as the reason [15] - Despite challenges, Qianhai Life continues operations and engaged in a study activity in September 2025 [15]