SYEP(SZ:300867) Sou Hu Cai Jing·2026-01-01 09:00Core Viewpoint - Shengyuan Environmental Protection (300867.SZ) is facing dual challenges of financial losses from investment mismanagement and regulatory accountability due to delayed disclosures regarding significant risks [1][3]. Group 1: Financial Losses - The company’s wholly-owned subsidiary invested 60 million yuan in a high-risk private fund, which resulted in a loss of 46.92 million yuan over nine months, equating to an 81.54% decline in value [1]. - The fund's net value plummeted from 0.9215 yuan to 0.2596 yuan within a week, marking a 74.04% drop [1]. - By December 25, the net value further decreased to 0.1846 yuan, leading to cumulative losses exceeding 10% of the company's most recent audited annual net profit [1]. Group 2: Regulatory Accountability - The company received a warning from the Xiamen Securities Regulatory Bureau and a regulatory letter from the Shenzhen Stock Exchange for failing to disclose the significant losses in a timely manner [3]. - The regulatory bodies highlighted that the company did not announce the losses until December 26, violating information disclosure regulations [3]. - The company's chairman, general manager, and board secretary were held primarily responsible for the disclosure failures, leading to the issuance of warning letters [3]. Group 3: Compensation and Legal Actions - The controlling shareholders committed to compensating for the investment losses, promising to cover the difference between the initial investment and any recovered amounts [4]. - A legal team has indicated that investors who purchased shares between December 15 and December 26, 2025, and sold or still hold them can seek compensation [5]. - The company is expected to face civil liability for damages caused to investors due to false statements, as per securities law [4].