侃股：上市公司理财应“稳”字当头

Core Viewpoint - The recent significant losses incurred by Shengyuan Environmental Protection due to risky private equity products highlight the critical need for listed companies to prioritize stability and capital preservation in their financial management strategies [1][2]. Group 1: Financial Management Principles - Listed companies should adopt a "stability first" principle in their financial management, ensuring that capital preservation is the baseline and not blindly pursuing high-risk products [1][2]. - The primary responsibility of listed companies is to create value through their core business operations, with financial management serving as a supplementary tool rather than a primary source of revenue [1][2]. Group 2: Risks of High-Risk Investments - Investing a large amount of idle funds into high-risk financial products can lead to negative impacts on a company's operational performance, especially if market conditions change or if the products fail [2]. - Companies may face risks of cash flow tightness or even a breakdown in their funding chain, severely affecting normal operations and development [2]. Group 3: Decision-Making and Risk Control - Listed companies must conduct thorough research and evaluation when selecting financial products, considering factors such as the issuing institution, investment direction, and risk level [2]. - Establishing a robust financial decision-making mechanism and risk control system is essential for effective supervision and management of financial processes [2]. Group 4: Alternative Financial Strategies - For companies with long-term idle funds, besides prudent financial management, options such as cash dividends to investors or share buybacks to support stock prices should be considered [3]. - Short-term idle funds could be used to repay short-term loans, while safer investment options like large bank certificates of deposit or government bonds should also be explored [3].