年年豪掷30亿炒股，曾投资马斯克未遂，浙江一上市公司“炒股上瘾”惹争议

Core Viewpoint - The announcement by Zhejiang company Lio Co., Ltd. to invest up to 3 billion yuan of its own funds in securities has stirred significant controversy in the capital market, as this amount represents nearly a quarter of the company's net assets for 2024, raising concerns about the company's focus on speculative activities unrelated to its core business [1][3][15] Group 1: Company Background - Lio Co., Ltd. originated from manufacturing water pumps and has since diversified into digital marketing [3] - The company was founded by Wang Xiangrong, who identified market opportunities in Europe for garden pumps, leading to its growth [5] - Wang Xiangrong became one of the youngest chairmen of a listed company when Lio Co. went public in 2007, and the company experienced rapid profit growth during the initial years [7] Group 2: Investment Activities - Lio Co. has a history of significant investments, including a notable investment in Li Auto, which yielded substantial returns, highlighting the company's shift towards becoming an "investment-type" company [9] - In 2020, Lio Co. reported a net profit of 4.774 billion yuan, with a remarkable 14-fold increase year-on-year, largely driven by gains from stock investments [9][11] - The company's financial performance has been volatile, with substantial losses in 2022 due to declines in Li Auto's stock price, resulting in a net loss of approximately 547 million yuan [11] Group 3: Recent Financial Performance - For 2023, Lio Co. reported a net profit of 1.966 billion yuan, a significant recovery attributed to the rebound in Li Auto's stock price, which contributed 1.757 billion yuan to the net profit [12] - In 2024, despite a total revenue of 21.171 billion yuan, the company faced a net loss of 259 million yuan, primarily due to losses from its holdings in Li Auto [12] - The company emphasized that the losses from stock valuations are temporary and do not reflect actual cash outflows, maintaining that its core business remains competitive [12] Group 4: Regulatory Issues - Wang Xiangrong and his brother Wang Zhuangli faced regulatory scrutiny from the China Securities Regulatory Commission due to their mother's alleged short-term trading of Lio Co. stock, which has drawn public attention [13] - The company has been criticized for its focus on stock trading rather than improving its core business operations, raising questions about its long-term strategy [15]