踩雷私募产品巨亏超80%，圣元环保股价迎考！A股公司大额理财的还有谁

Core Viewpoint - Shengyuan Environmental (300867) faced significant losses exceeding 80% from a private equity product, amounting to approximately 46.92 million yuan, which has become a hot topic in the A-share market [1][4]. Group 1: Incident Overview - On December 26, Shengyuan Environmental disclosed that its wholly-owned subsidiary, Xiamen Jinlingji Construction Engineering Co., Ltd., subscribed to a private equity fund product managed by Shenzhen Shenboxin Investment Management Co., Ltd., which reported a cumulative net value growth rate of -81.54% [3][7]. - Following the announcement, the Xiamen Securities Regulatory Bureau and the Shenzhen Stock Exchange took action, issuing a warning letter to Shengyuan Environmental and its related personnel for failing to disclose the significant losses in a timely manner [4][5]. Group 2: Financial Impact - The reported losses from the private equity product exceeded 10% of the company's most recent audited net profit, highlighting the financial strain on Shengyuan Environmental [7]. - As of the third quarter, Shengyuan Environmental's total assets were 8.781 billion yuan, with total liabilities of 4.905 billion yuan, resulting in a debt-to-asset ratio of 55.85% [10]. Group 3: Company Performance - Shengyuan Environmental's revenue has been declining since 2022, with reported revenues of approximately 1.752 billion yuan in 2022, 1.748 billion yuan in 2023, and an estimated 1.582 billion yuan in 2024 [9]. - The company achieved a net profit of approximately 180 million yuan in 2022, 147 million yuan in 2023, and a projected recovery to 182 million yuan in 2024 [9]. Group 4: Market Context - As of December 28, over 950 A-share companies had invested more than 1 billion yuan in financial products, with a total investment of approximately 969.89 billion yuan, a decrease of over 230 billion yuan compared to the previous year [12]. - The trend of companies investing idle funds in financial products is common, but it carries potential risks, including market volatility and management distractions [13][14].