SYEP(SZ:300867) Xin Lang Cai Jing·2025-12-28 01:50Core Viewpoint - Shengyuan Environmental Protection (300867.SZ) announced significant losses from a wealth management product, with a cumulative loss of 81.54% exceeding 10% of the annual net profit, which may impact the company's 2025 performance [1][11]. Group 1: Financial Losses and Responses - The company disclosed a loss of approximately 46.92 million yuan from a 60 million yuan investment in a private equity fund, with the net asset value dropping from 0.9215 yuan to 0.1846 yuan [7][14]. - Following the loss, the company established a special task force and initiated emergency measures, including reporting to law enforcement due to suspected violations by the fund manager [15]. - The controlling shareholders committed to compensating the company for the investment loss, with the final compensation amount to be determined after accounting for any recovered funds [2][11]. Group 2: Regulatory Actions - The company and its executives received a warning letter from the Xiamen Securities Regulatory Bureau for failing to disclose the significant losses in a timely manner [3][13]. - Key executives, including the chairman and general manager, were held primarily responsible for the lack of diligence in managing the investment [13]. Group 3: Company Performance and Market Position - Shengyuan Environmental Protection's main business involves specialized treatment of urban solid and liquid waste, with waste incineration power generation contributing over 80% of its revenue [8]. - For the first three quarters of the year, the company reported revenues of 1.15 billion yuan, a slight decrease of 0.67%, while net profit increased by 43.22% to 211 million yuan [8][15]. - As of December 26, the company's stock price was 19.69 yuan per share, with a total market capitalization of 5.4 billion yuan, reflecting a year-to-date increase of over 52% [9][16].