Core Viewpoint - The company is experiencing improvements in cash flow and accounts receivable management, driven by government debt resolution policies, although concerns remain regarding the collection of long-term receivables from PPP projects [3][4][7]. Financial Performance - As of November 3, 2025, the company's stock price was 4.2 yuan, with a 0.72% increase and a trading volume of 320,500 shares, amounting to a turnover of 134 million yuan [1]. - The company reported a significant increase in cash inflows from receivables, with collections of 3.282 billion yuan and 3.022 billion yuan expected in 2023 and 2024, respectively, marking a 54% increase compared to previous years [3][4][7]. - Operating cash flow has improved, with net cash flow from operating activities turning positive, achieving 1.699 billion yuan and 1.578 billion yuan in 2023 and 2024, respectively, which is significantly higher than historical levels [3][4][7]. Debt Management - The company has actively repaid high-interest loans, resulting in a decrease in interest expenses from 386 million yuan in 2019 to 302 million yuan in 2024, a reduction of 21% [3][4][7]. - The total long-term receivables reached 3.5 billion yuan by the third quarter of 2025, an increase from 3.3 billion yuan in the second quarter [7]. Strategic Focus - The company maintains a core focus on the grass seed industry, aligning with national ecological strategies and emphasizing technological innovation [3][4][7]. - The management is optimistic about the gradual improvement of accounts receivable issues in light of the government's efforts to alleviate local government debt [3][4][7]. Market Sentiment - On November 3, 2025, there was a net outflow of 14.0168 million yuan from major funds, indicating a short-term reduction in holdings by institutional investors [8].

Company Summary - Mongcao Ecological announced a provision for asset impairment of 13.623 million yuan and wrote off assets worth 6.752 million yuan, totaling 20.375 million yuan, which will reduce the company's operating profit and total profit by the same amount [1][1][1] - For the first half of 2025, Mongcao Ecological's revenue composition is as follows: 93.97% from natural ecosystem protection management and 6.03% from other businesses [1][1][1] Industry Summary - The A-share market has surpassed 4000 points, marking a significant resurgence after a decade of stagnation, with technology leading the market and a new "slow bull" pattern emerging [1][1][1]

证券代码：300355 证券简称：蒙草生态 公告编号：（2025）084 号 蒙草生态环境（集团）股份有限公司 关于计提资产减值准备及核销资产的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假记载、 误导性陈述或重大遗漏。 蒙草生态环境（集团）股份有限公司（以下简称"公司"）第六届 董 事 会 第二次会议通过了《关于计提资产减值准备及核销资产的议案》。具体情况如下： 一、本次计提资产减值准备的概述 （一）本次计提资产减值准备的原因 为了真实、准确的反映公司的财务状况与经营成果，根据《深圳证券交易所 创业板股票上市规则》《企业会计准则》及公司会计政策相关规定，基于谨慎性 原则，公司对合并报表范围内的 2025 年 1-9 月各类应收款项、合同资产、存货、 长期股权投资、商誉等资产进行了减值测试，并根据减值测试结果对其中存在减 值迹象的资产相应计提了减值准备。本次计提减值准备及核销资产事项无需提交 公司股东会审议，具体情况如下： （二）本次计提资产减值准备的范围和总金额 2025 年 1-9 月，公司对相关资产计提的资产减值准备合计 1,362.30 万元。 明细如下表： 单位：万元 | ...

证券代码：300355 证券简称：蒙草生态 公告编号：（2025）083号 蒙草生态环境（集团）股份有限公司 关于续聘会计师事务所的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假记载、 误导性陈述或重大遗漏。 特别提示： 本次续聘会计师事务所符合财政部、国务院国资委、证监会印发的《国有企 业、上市公司选聘会计师事务所管理办法》（财会〔2023〕4 号）的规定。 蒙草生态环境（集团）股份有限公司（以下简称"公司"）于 2025 年 10 月 28 日召开第六届董事会第二次会议审议通过了《关于续聘立信会计师事务所 （特殊普通合伙）为公司审计机构的议案》，该议案尚需提交公司股东会审议， 现将有关事项公告如下： 一、拟续聘会计师事务所的基本情况 （一）机构信息 截至 2024 年末，立信已提取职业风险基金 1.71 亿元，购买的职业保险累计 赔偿限额为 10.50 亿元，相关职业保险能够覆盖因审计失败导致的民事赔偿责任。 近三年在执业行为相关民事诉讼中承担民事责任的情况： | 起诉（仲裁） | 被诉（被仲 | 诉讼（仲 | 诉讼（仲裁） | 诉讼（仲裁）结果 | | --- | --- | ...

证券代码：300355 证券简称：蒙草生态 公告编号：（2025）081号 蒙草生态环境（集团）股份有限公司 2025 年第三季度报告披露提示性公告 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有虚假记载、 误导性陈述或重大遗漏。 特别提示： 蒙草生态环境（集团）股份有限公司（以下简称"公司"）2025 年第三季 度报告于 2025 年 10 月 29 日在中国证监会指定的创业板信息披露网站上披露， 敬请投资者注意查阅。 2025 年 10 月 28 日，公司召开第六届董事会第二次会议审议通过了《公司 2025 年第三季度报告》。为使投资者全面了解公司的经营成果、财务状况等情 况，《公司 2025 年第三季度报告》于 2025 年 10 月 29 日在中国证监会指定的创 业板信息披露网站巨潮资讯网（http://www.cninfo.com.cn）上披露，敬请投资 者注意查阅。 特此公告。 蒙草生态环境（集团）股份有限公司 董 事 会 二〇二五年十月二十八日 ...

证券代码：300355 证券简称：蒙草生态 公告编号：（2025）085 号 蒙草生态环境（集团）股份有限公司 关于召开 2025 年第五次临时股东会的通知 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误 导性陈述或重大遗漏。 一、召开会议的基本情况 1、股东会届次：2025 年第五次临时股东会 2、股东会的召集人：董事会 3、本次会议的召集、召开符合《中华人民共和国公司法》《深圳证券交 易所创业板股票上市规则》《深圳证券交易所上市公司自律监管指引第 2 号— 创业板上市公司规范运作》等法律、行政法规、部门规章、规范性文件及《公 司章程》的有关规定。 4、会议时间： （1）现场会议时间：2025 年 11 月 14 日 15:00 （2）网络投票时间：通过深圳证券交易所系统进行网络投票的具体时间 为 2025 年 11 月 14 日 9:15-9:25，9:30-11:30，13:00-15:00；通过深圳证券 交易所互联网投票系统投票的具体时间为 2025 年 11 月 14 日 9:15 至 15:00 的 任意时间。 5、会议的召开方式：本次股东会采用现场投票表决（现场表决可 ...

证券代码：300355 证券简称：蒙草生态 公告编号：（2025）080号 蒙草生态环境（集团）股份有限公司 第六届董事会第二次会议决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 蒙草生态环境（集团）股份有限公司（以下简称"公司"）第六届董事会第 二次会议于 2025 年 10 月 28 日以现场结合通讯方式召开。会议通知于 2025 年 10 月 23 日通过电子邮件、书面形式等方式送达全体董事及高级管理人员。会议 应到董事 9 人，实到董事 9 人，其中董事焦果珊、独立董事曲辉以通讯表决方式 参会。会议由董事长朱长虹女士主持，公司高级管理人员列席了会议。会议符合 《公司法》《公司章程》的有关规定，合法有效。 会议审议并通过了以下议案，形成如下决议： 一、审议并通过《公司 2025 年第三季度报告》 具体内容详见同日在巨潮资讯网（www.cninfo.com.cn）披露的《公司 2025 年第三季度报告》。 1 三、审议并通过《关于计提资产减值准备及核销资产的议案》 公司本次计提资产减值准备及核销资产事项符合《企业会计准则》和公司相 关会计政策，依 ...

Financial Performance - The company's operating revenue for the third quarter reached ¥806,451,959.63, representing a year-on-year increase of 64.21%[5] - The net profit attributable to shareholders decreased by 1.65% to ¥24,302,495.89, while the net profit after deducting non-recurring gains and losses increased by 6.94% to ¥5,656,372.77[5] - Net profit increased by 34.61% to ¥83,714,041.79 compared to ¥62,190,739.52 in the previous period[10] - The company reported a total profit of 79,305,176.09, compared to 66,458,489.77 in the previous period, representing an increase of about 19.5%[1] - Basic and diluted earnings per share were both 0.05, up from 0.03 in the previous period, indicating a growth of approximately 66.7%[22] Cash Flow - The company reported a significant increase in cash flow from operating activities, with a net cash outflow of ¥293,754,386.44, reflecting a decrease of 337.09% year-to-date[5] - The net cash flow from operating activities was -293,754,386.44, a decline from 123,901,749.58 in the previous period[25] - The company experienced a net cash outflow from investing activities of -31,676,837.03, an improvement from -228,010,015.44 in the previous period[25] - The net cash flow from financing activities was 49,274,119.66, a turnaround from -478,929,783.12 in the previous period, indicating a positive shift in financing[25] Assets and Liabilities - The total assets at the end of the reporting period were ¥15,457,200,840.85, showing a slight decrease of 0.24% compared to the end of the previous year[5] - The company’s liabilities due within one year increased by 30.66% to ¥1,693,069,476.55, primarily due to increased loans from financial institutions[9] - Total liabilities decreased to ¥10,392,807,734.81 from ¥10,489,751,260.96, a reduction of 0.9%[19] - Total equity attributable to shareholders increased to ¥4,300,070,431.40 from ¥4,245,917,548.66, an increase of 1.3%[19] Operating Costs - The company’s operating costs rose by 50.76% to ¥1,319,591,515.60, corresponding to the increase in revenue[9] - Operating costs amounted to 1,319,591,515.60, compared to 875,268,108.72 in the previous period, indicating a significant increase of approximately 50.7%[1] - Total operating costs amounted to ¥1,613,525,049.70, up from ¥1,142,955,660.41, reflecting a growth of 41.2%[20] Shareholder Information - Total number of ordinary shareholders at the end of the reporting period was 80,625[12] - The largest shareholder, Wang Zhaoming, holds 16.91% of the shares, totaling 271,287,342 shares[12] - The number of restricted shares at the end of the period was 271,287,342, an increase of 67,596,836 from the beginning of the period[15] Government Support and Investments - The company received government subsidies amounting to ¥17,997,696.64 during the reporting period, contributing positively to its financial performance[6] - The company’s other non-current financial assets increased by 5423.75% to ¥11,047,500.00 due to new investments during the reporting period[9] Accounts Receivable and Cash Equivalents - Accounts receivable increased to ¥3,459,395,935.62 from ¥2,997,995,828.69, representing a growth of 15.4%[18] - Cash and cash equivalents at the end of the period were ¥1,133,882,550.63, down from ¥1,446,573,462.74 at the beginning of the period, a decrease of 21.7%[17] - Cash and cash equivalents at the end of the period totaled 1,038,231,006.81, compared to 592,693,131.43 at the end of the previous period, showing an increase of approximately 75.0%[26]

Core Insights - Inner Mongolia's three key industries, namely rare earth, dairy, and grass industry, have been recognized as national-level intellectual property operation centers, enhancing their market competitiveness and innovation capabilities [1][2]. Group 1: Rare Earth Industry - The Rare Earth Functional Materials National Intellectual Property Operation Center is established in Baotou Rare Earth High-tech Zone, forming the first national rare earth industry intellectual property development alliance [1]. - The center aims to break international monopolies in critical technologies such as rare earth permanent magnet materials, alloys, and catalysts, fostering the development of core technologies and products with independent intellectual property rights [1]. Group 2: Dairy Industry - The Dairy National Intellectual Property Operation Center, led by Yili Group, integrates over 150 members from the dairy industry chain and collaborates with more than 80 upstream and downstream enterprises and 70 research institutions [2]. - The center focuses on overcoming patent barriers imposed by multinational companies on core strains and formulas, emphasizing breakthroughs in dairy processing technology, safety quality, nutrition, and cattle breeding [2]. Group 3: Grass Industry - The Grass Industry National Intellectual Property Operation Center is built upon Mengcao Group, utilizing multiple research platforms and 21 modern grass industry bases [2]. - The center aims to achieve breakthroughs in key technologies such as grass breeding and desertification control, while also implementing intellectual property industrialization projects to promote the internationalization of the Mengcao brand [2].

蒙草生态环境（集团）股份有限公司（以下简称"公司"）于 2023 年 10 月 13 日召开第五届董事会第十二次会议，审议通过《关于子公司使用自有资金 购买信托产品的议案》。同意子公司陕西秦草自然生态科技有限公司（以下简称 "秦草自然"）、陕西秦草生态环境科技有限公司（以下简称"秦草生态"）使 用闲置自有资金不超过人民币 1.98 亿元认购陕西省国际信托股份有限公司的信 托产品"陕国投·沣东新城城市发展基金集合资金信托计划"，投资期限自信托 计划成立之日（含该日）起算不超过 24 个月。具体内容详见巨潮资讯网《第五 届董事会第十二次会议决议公告》（公告编号：2023-049）、《关于子公司秦草 自然、秦草生态使用自有资金购买信托产品的公告》（公告编号：2023-051）。 秦草自然和秦草生态分别购买上述信托产品人民币 8,500 万元和 11,300 万元。 现秦草生态购买的陕国投·沣东新城城市发展基金集合资金信托计划其中 6300 万元已到期，子公司决定赎回。具体事宜公告如下： 一、已到期信托产品赎回情况 证券代码：300355 证券简称：蒙草生态 公告编号：（2025）079 号 蒙草生态环境（集团）股份 ...