Group 1 - The core point of the news is that Shengyuan Environmental Protection's subsidiary, Xiamen Jinlingji, suffered a significant loss of approximately 46.92 million due to a private equity fund investment that dropped 81.54% in value within nine months, exceeding the company's audited net profit for 2024 by 10% [1] - Following the loss, Shengyuan Environmental Protection took immediate actions including applying for fund redemption, attempting to recover 2 million from an individual, and reporting the incident to the Shenzhen Securities Regulatory Commission [1] - The controlling shareholders of Shengyuan Environmental Protection pledged to cover the remaining loss after accounting for the redeemed amount and recovered funds, but the Xiamen Securities Regulatory Bureau issued a warning letter for the company's failure to disclose the situation in a timely manner [1] Group 2 - The article emphasizes the importance of understanding the underlying trading behavior rather than just focusing on surface trends or news, highlighting that many investors fall into the trap of misinterpreting market signals [3] - It discusses common experiences where investors misjudge stock movements, leading to losses, and suggests that perceived trends may not reflect true market intentions [4][6] - The article advocates for the use of quantitative data to assess whether institutional investors are actively participating in trades, which can provide clearer insights into market dynamics [7][10] Group 3 - The article identifies two types of market traps: "false declines" where institutional activity indicates potential recovery, and "false rallies" where lack of institutional involvement suggests unsustainable price increases [11] - It stresses that understanding trading behavior is crucial for making informed investment decisions, rather than relying on speculative news or expert opinions [12][13] - The case of Shengyuan Environmental Protection serves as a lesson on the importance of recognizing genuine trading activity to avoid significant losses in investments [13]

短短一周时间，在A股整体并无剧烈波动的情况下，所投私募产品净值竟然暴跌近70%。面对如此诡异的一幕，圣元环保（300867.SZ）选择了报 警。 12月26日，圣元环保一则《关于使用闲置自有资金进行投资理财的进展公告》，披露了其理财巨亏事件。 2025年3月，公司下属全资子公司认购了由私募基金管理人深圳深博信投投资管理有限公司（下称"深博信投"）发行的"深博宏图成长1号私募证券投资基 金"产品 （下称"深博宏图1号"）进行委托理财，认购本金6000万元。截至12月25日，基金最新单位净值为0.1846元/份，累计净值增长率为-81.54%，亏损金 额约4692万元。 中国证券投资基金业协会官网显示，深博信投曾在2017年被列入失联私募机构名单，据2018年6月4日登记信息，公司员工人数11人，拥有基金从业资格人数 11人，实际控制人为张晓琴。另据私募排排网，深博信投核心人物包括风控总监周文明、副总经理邓奕超、投资经理李松涛、法人代表曾智兴。其中，曾智 兴为深圳大学管理学学士，服务于世界500强三星集团6年，中国互联网巨头阿里巴巴集团6年，具有丰富的国际贸易、国际物流、跨境融资理论与实践经 验，超过12年以上的 ...

格隆汇12月29日｜A股市场电力股集体下跌，其中，国电电力、皖能电力跌超6%，上海电力、华能国 际跌超5%，圣元环保、内蒙华电跌超4%，兆新股份、大唐发电、京能电力、华电国际跌超3%。消息面 上，广东等地2026年长协电价陆续出炉。广东2026年度交易均价372.14厘/千瓦时，同比下降19.72厘/千 瓦时，接近基准价下浮下限；江苏2026年1月集中竞价均价324.71元/兆瓦时，较基准价下浮17%。 MACD金叉信号形成，这些股涨势不错！ | 代码 | 名称 | | 涨幅%↑ | 总市值 | 年初至今涨幅% | | --- | --- | --- | --- | --- | --- | | 600795 | 国电电力 | | -6.92 | 960亿 | 22.46 | | 000543 | 皖−九 | | -6.92 | 186亿 | 8.52 | | 600021 | 上海电力 | 1 | -5.26 | 584亿 | 133.00 | | 600011 | 华能国际 | | -5.07 | 1206亿 | 17.71 | | 300867 | 圣元环保 | 1 | -4.82 | 50.92亿 | ...

Core Viewpoint - The significant loss of 40 million yuan in a private equity investment by Shengyuan Environmental Protection has raised concerns about the effectiveness of risk control measures and the responsibilities of the fund custodian [1][6]. Group 1: Investment Loss Details - Shengyuan Environmental Protection's subsidiary invested 60 million yuan in the "Deep博宏图成长1号" private equity fund, which saw its net value plummet from 0.9215 yuan to 0.2596 yuan within a week, resulting in a 73% loss [3][4]. - As of December 25, the fund's net value further declined to 0.1846 yuan, with a cumulative loss of approximately 4.692 million yuan, exceeding 10% of the company's audited net profit for the last fiscal year [4][6]. Group 2: Risk Control Measures - The investment agreement included strict disclosure and risk control standards, such as limiting single asset holdings to 25% of the fund's net assets and mandatory disclosures when net values hit certain thresholds [5][6]. - Despite these measures, the fund manager allegedly engaged in unauthorized trading and failed to disclose critical information, leading to significant investor losses [6][9]. Group 3: Regulatory Actions and Responses - Shengyuan Environmental Protection received warning letters from the Xiamen Securities Regulatory Bureau and the Shenzhen Stock Exchange for failing to disclose the significant losses in a timely manner [2][9][10]. - The actual controller of Shengyuan Environmental Protection has committed to compensating the investment losses, amounting to the original investment of 60 million yuan [10].

Core Viewpoint - Saint Yuan Environmental Protection (300867) has reported significant losses due to its wholly-owned subsidiary, Xiamen Jinlingji Construction Engineering Co., Ltd., investing in a private equity fund that suffered a drastic decline in net value, leading to a loss of approximately 46.92 million yuan, which exceeds 10% of the company's audited net profit for the last fiscal year [3][7]. Group 1: Investment Loss Details - The company invested 60 million yuan in the "Deep博宏图成长1号" private equity fund, which experienced a net value drop from 0.9215 yuan per share on December 4 to 0.2596 yuan per share by December 11, marking a cumulative net value decline of 74.04% [5][6]. - As of December 25, the fund's latest unit net value was reported at 0.1846 yuan, with a cumulative net value decline of 81.54%, resulting in a total loss of approximately 46.92 million yuan [7]. Group 2: Regulatory Actions and Company Response - The company received a warning letter from the Xiamen Securities Regulatory Bureau for delaying the announcement of the significant losses until December 26, despite being aware of the losses earlier [8]. - The company's major shareholders, Zhu Yuxuan and Zhu Hengbing, committed to compensating the principal loss of 60 million yuan, with the compensation to be paid by the time of the company's annual report disclosure [9]. Group 3: Financial Performance Overview - Saint Yuan Environmental Protection's revenue has been declining since 2022, with reported revenues of approximately 17.52 billion yuan in 2022, 17.48 billion yuan in 2023, and 15.82 billion yuan in 2024, while net profits showed a slight recovery in 2024 [10]. - For the first three quarters of the current year, the company reported revenues of about 1.15 billion yuan, a year-on-year decrease of 0.67%, but a net profit increase of 43.22% to approximately 211 million yuan [11].

Core Viewpoint - The article discusses the significant losses incurred by Shengyuan Environmental Protection due to its investment in a private equity product, leading to a drastic decline in the fund's net value and subsequent regulatory actions [1][2][3]. Group 1: Investment Losses - Shengyuan Environmental Protection reported a loss of 40 million yuan within a week, with the fund's net value plummeting from 0.92 yuan to 0.26 yuan, indicating a staggering loss of 73% [1][4]. - As of December 25, the fund's latest unit net value was 0.1846 yuan, reflecting an accumulated net value growth rate of -81.54%, with losses exceeding 46.92 million yuan, which is over 10% of the company's audited net profit for the last fiscal year [5][6]. Group 2: Regulatory Actions - On December 27, Shengyuan Environmental Protection received warning letters from the Xiamen Securities Regulatory Bureau and the Shenzhen Stock Exchange due to delayed disclosure of significant losses [3][10][11]. - The company's actual controller committed to compensating for the investment losses, promising to cover the original investment principal of 60 million yuan [12]. Group 3: Risk Management Failures - Despite having strict disclosure and risk control standards in place, the fund's management failed to adhere to these protocols, leading to significant financial losses [2][6]. - The fund management was found to have engaged in unauthorized trading and violated disclosure obligations, raising questions about the responsibilities of the fund custodian [8].

南方财经12月29日电，圣元环保(300867.SZ)近日公告，公司下属全资子公司于2025年3月认购的"深博 宏图成长1号私募证券投资基金"遭遇大额亏损。该笔投资本金为6000万元，截至2025年12月25日，基金 最新单位净值仅0.1846，累计净值增长率达-81.54%，这一亏损规模已超过公司最近一个会计年度经审 计净利润的10%。为保障公司及股东利益，控股股东朱煜煊与实际控制人朱恒冰已承诺对该笔投资本金 损失进行先行补偿，补偿金额为初始本金扣除赎回到账金额及追回款项后的差额，最迟于2025年年度报 告披露前足额支付。 从圣元环保2025年中报来看，公司交易性金融资产规模达7627.01万元，其中6000万元用于认购基金类 产品，占交易性金融资产的比例接近80%。 choice数据显示，深博宏图成长1号私募证券投资基金2025年半年度报告显示其持有京基智农（股票代 码：000048）358万股和中创环保（股票代码：300056）282万股。以2025年二季度末（6月30日）收盘 价计算，京基智农股价为16.26元，持仓市值约5821万元；中创环保股价为13.73元，持仓市值约3872万 元；两只股票合计 ...

来源：第一财经 短短20多天的时间里，私募基金净值暴亏74%，单周的亏损比例甚至高达67%。急剧而猛烈的亏损，让 持有人几乎血本无归。 这样离奇的情景，发生在圣元环保身上。截至12月25日，该公司全资子公司向深圳深博信投投资管理有 限公司（下称"深博信投"）认购的私募基金"宏图成长1号"，累计净值增长率为-81.54%，亏损金额约 4692万元，超过上市公司去年净利润的10%。 根据圣元环保12月26日晚间披露，12月4日，该基金的单位净值还在0.92元以上，到11日就只剩下不到 0.26元，25日更是已经亏至不足0.185元。三周之内，净值亏损74%以上。 第一财经记者调查发现，今年3月，宏图成长1号成立后，先后持有过三只股票，全部通过信用账户买 入，即都是通过加杠杆方式持有。而作为管理人的深博信投，包括该产品在内，成立十多年间总共发行 了13只基金。在宏图成长1号成立前，该公司已有一年半时间没有成立新产品，尚在运作的产品，单只 规模也都在1000万元以下。在这种背景下，该公司在2025年4月至10月，密集提前清算了6只产品。 不仅如此，深博信投的股东、管理层等备案信息，也与工商登记明显不符。变更记录显示， ...

Group 1: Company News - Shengyuan Environmental Protection's subsidiary incurred a loss of approximately 46.92 million yuan from a private equity investment, representing a decline of 81.54% in net value, exceeding 10% of the company's audited net profit for the last fiscal year [1] - CATL announced plans to widely apply sodium batteries in various sectors including battery swapping, passenger vehicles, commercial vehicles, and energy storage in 2026, indicating a new trend of "sodium-lithium dual stars" [3] - Yicheng Optoelectronics received a hearing notice regarding a 140 million yuan capital recovery due to failure to fulfill investment agreements for a solar project in Anhui Province [12] - ST Huluwawa is under investigation by the CSRC for suspected information disclosure violations, with the chairman facing scrutiny for failing to timely disclose performance forecasts [14] - Longjiang Pharmaceutical Holdings is facing administrative penalties for financial fraud, with a proposed fine of 10 million yuan for the company and 31 million yuan for 14 responsible individuals [15] - Hainan Huatie was fined 8 million yuan for incomplete disclosure of significant contract terms and failure to timely report contract changes [17] - Vanke A extended the grace period for the repayment of its 2022 mid-term notes to 30 trading days, allowing for potential resolution of the repayment issue [18] - Jiga Development received a debt waiver of 378 million yuan from its controlling shareholder and related parties, which is unconditional and irrevocable [19] - Kweichow Moutai plans to reduce the supply of high-value products in 2026 and will stop using distribution methods, aiming to stabilize prices [20] Group 2: Industry Dynamics - The scale of China's ETFs has surpassed 6 trillion yuan, marking a growth of over 60% from the beginning of the year, with 1,381 ETFs now available [6] - Four major lithium iron phosphate companies announced production cuts of 35%-50% in January 2026, affecting approximately 50% of the market share [7] - Demand for lithium batteries in the new energy vehicle sector showed significant weakness in November, with production growth of only 23% compared to a 13% increase in retail [9]

12月26日，圣元环保发布公告称，公司下属全资子公司于2025年3月认购由基金管理人发行的私募基金 产品进行委托理财，认购本金为人民币6000万元。 然而，截至2025年12月25日，上述基金最新单位净值为0.1846，累计净值增长率为-81.54%，亏损金额 约4692万元。 长江商报记者发现，2025年12月4日至2025年12月11日，圣元环保所购私募基金净值在短短7天里"缩 水"约72%。 圣元环保表示，公司已采取相关措施挽回损失，本次投资可能存在部分投资本金无法收回的风险。公司 同时向公安机关报警并已被受理，同时向中国证监会深圳监管局举报并收到材料接收证明。 长江商报消息 ●长江商报记者 黄聪 本想靠购买私募基金理财获得利润，没想到亏得血本无归，圣元环保（300867.SZ）遇到了"糟心事"。 基金累计净值增长率为-81.54% 12月26日，圣元环保发布公告称，公司下属全资子公司于2025年3月认购由基金管理人发行的私募基金 产品进行委托理财，认购本金为人民币6000万元。 截至2025年12月25日，基金最新单位净值为0.1846，累计净值增长率为-81.54%，亏损金额约4692万 元，超过圣 ...