SYEP(SZ:300867) 券商中国·2025-12-29 02:05Core Viewpoint - The article discusses the significant losses incurred by Shengyuan Environmental Protection due to its investment in a private equity product, leading to a drastic decline in the fund's net value and subsequent regulatory actions [1][2][3]. Group 1: Investment Losses - Shengyuan Environmental Protection reported a loss of 40 million yuan within a week, with the fund's net value plummeting from 0.92 yuan to 0.26 yuan, indicating a staggering loss of 73% [1][4]. - As of December 25, the fund's latest unit net value was 0.1846 yuan, reflecting an accumulated net value growth rate of -81.54%, with losses exceeding 46.92 million yuan, which is over 10% of the company's audited net profit for the last fiscal year [5][6]. Group 2: Regulatory Actions - On December 27, Shengyuan Environmental Protection received warning letters from the Xiamen Securities Regulatory Bureau and the Shenzhen Stock Exchange due to delayed disclosure of significant losses [3][10][11]. - The company's actual controller committed to compensating for the investment losses, promising to cover the original investment principal of 60 million yuan [12]. Group 3: Risk Management Failures - Despite having strict disclosure and risk control standards in place, the fund's management failed to adhere to these protocols, leading to significant financial losses [2][6]. - The fund management was found to have engaged in unauthorized trading and violated disclosure obligations, raising questions about the responsibilities of the fund custodian [8].