SYEP(SZ:300867) Sou Hu Cai Jing·2025-12-29 03:36Core 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].