SYEP(SZ:300867) Zhong Guo Jing Ying Bao·2025-12-29 13:56Core Viewpoint - Shengyuan Environmental Protection (300867.SZ) has faced significant financial losses due to poor performance of a private fund investment, leading to regulatory warnings from the China Securities Regulatory Commission (CSRC) and potential impacts on the company's financial performance for 2025 [1][4]. Group 1: Financial Losses and Fund Performance - Shengyuan Environmental Protection's subsidiary, Xiamen Jinlingji Construction Engineering Co., Ltd., invested 60 million yuan in a private fund that experienced a net value decline of 81.54% over nine months, resulting in a loss of approximately 46.92 million yuan [1][3]. - The fund's unit net value dropped from 0.9215 yuan on December 4 to 0.2596 yuan on December 11, marking a weekly decline of 74.04%, and further decreased to 0.1846 yuan by December 25 [3]. Group 2: Regulatory Actions and Company Response - The CSRC issued a warning letter to Shengyuan Environmental Protection for failing to disclose significant losses in a timely manner, which violated information disclosure regulations [4]. - The company's chairman and other executives have been held primarily responsible for the violations, and the company has committed to compensating for the investment losses [4]. Group 3: Company Financial Performance - Shengyuan Environmental Protection's main business includes waste incineration power generation and sewage treatment, with the 2025 Q3 report showing revenue of 1.15 billion yuan, a slight decrease of 0.67% year-on-year, while net profit increased by 43.22% to 211 million yuan [5].