证券代码：300355 证券简称：蒙草生态 公告编号：2026-005 蒙草生态环境（集团）股份有限公司 关于实际控制人及其一致行动人 减持股份预披露公告 控股股东、实际控制人王召明及其一致行动人焦果珊及王秀玲保证向本公司 提供的信息内容真实、准确、完整，没有虚假记载、误导性陈述或重大遗漏。 本公司及董事会全体成员保证公告内容与信息披露义务人提供的信息一致。 特别提示： 持有本公司股份 271,287,342 股（占本公司总股本比例 16.91%）的控股股 东、实际控制人王召明先生计划自本公告披露之日起 15 个交易日后的 3 个月内 以集中竞价或大宗交易方式减持本公司股份不超过 37,397,002 股（占本公司总 股本比例 2.3311%）； 持有本公司股份 27,599,220 股（占本公司总股本比例 1.72%）的董事、实 际控制人的一致行动人焦果珊女士计划自本公告披露之日起 15 个交易日后的 3 个月内以集中竞价或大宗交易方式减持本公司股份不超过 6,899,805 股（占本公 司总股本比例 0.4301%）； （一）本次减持计划的主要内容 1、减持原因：个人资金需求。 2、股份来源：首次公开发行 ...

Group 1 - The core viewpoint of the news is that Mengcao Ecological has shown fluctuations in its stock performance and financing activities, indicating a mixed market sentiment towards the company [1][2][3] Group 2 - On January 15, Mengcao Ecological's stock price fell by 1.66%, with a trading volume of 149 million yuan. The financing buy-in amount for that day was 23.31 million yuan, while the financing repayment was 21.34 million yuan, resulting in a net financing buy of 1.97 million yuan [1] - As of January 15, the total balance of margin trading for Mengcao Ecological was 585 million yuan, with the financing balance accounting for 8.79% of the circulating market value, which is below the 40th percentile level over the past year, indicating a low position [1] - On the same day, Mengcao Ecological repaid 8,200 shares of securities lending and sold 7,700 shares, with the selling amount calculated at 31,900 yuan. The remaining securities lending volume was 137,200 shares, with a balance of 568,000 yuan, exceeding the 90th percentile level over the past year, indicating a high position [1] Group 3 - As of September 30, the number of shareholders of Mengcao Ecological was 80,600, a decrease of 9.90% compared to the previous period. The average circulating shares per person increased by 10.98% to 16,105 shares [2] - For the period from January to September 2025, Mengcao Ecological achieved an operating income of 1.63 billion yuan, representing a year-on-year growth of 38.04%. The net profit attributable to the parent company was 74.35 million yuan, with a year-on-year increase of 48.73% [2] Group 4 - Since its A-share listing, Mengcao Ecological has distributed a total of 483 million yuan in dividends, with 72.19 million yuan distributed over the past three years [3] - As of September 30, 2025, Hong Kong Central Clearing Limited was the third-largest circulating shareholder of Mengcao Ecological, holding 10.77 million shares, a decrease of 5.48 million shares compared to the previous period. Additionally, GF Quantitative Multi-Factor Mixed A (005225) was the seventh-largest circulating shareholder, holding 6.01 million shares as a new shareholder [3]

Core Viewpoint - Mongolian Grass Ecology's stock price increased by 0.49% on January 9, with a trading volume of 168 million yuan, indicating a stable market performance despite a net financing outflow of 10.55 million yuan on the same day [1] Financing Summary - On January 9, Mongolian Grass Ecology had a financing buy-in amount of 19.57 million yuan and a financing repayment of 30.13 million yuan, resulting in a net financing buy-in of -10.55 million yuan [1] - The total financing and securities balance as of January 9 is 571 million yuan, which accounts for 8.66% of the circulating market value, indicating a low financing balance compared to the past year [1] - The company had no shares repaid in securities lending on January 9, with 4,000 shares sold, amounting to 16,400 yuan at the closing price, and a securities lending balance of 523,600 yuan, which is above the 90th percentile of the past year [1] Business Performance - As of September 30, the number of shareholders for Mongolian Grass Ecology was 80,600, a decrease of 9.90% from the previous period, while the average circulating shares per person increased by 10.98% to 16,105 shares [2] - For the period from January to September 2025, the company achieved an operating income of 1.63 billion yuan, representing a year-on-year growth of 38.04%, and a net profit attributable to shareholders of 74.35 million yuan, up 48.73% year-on-year [2] Dividend Information - Since its A-share listing, Mongolian Grass Ecology has distributed a total of 483 million yuan in dividends, with 72.19 million yuan distributed over the past three years [3] Shareholding Structure - As of September 30, 2025, Hong Kong Central Clearing Limited is the third-largest circulating shareholder with 10.77 million shares, having reduced its holdings by 5.48 million shares compared to the previous period [3] - Guangfa Quantitative Multi-Factor Mixed A (005225) is the seventh-largest circulating shareholder, holding 6.01 million shares as a new shareholder [3]

Investment Rating - The report maintains a "Positive" investment rating for the environmental protection industry [13]. Core Insights - The central government has set a target for 2026 to actively resolve local government debt risks, with a focus on replacing hidden debts amounting to 2 trillion yuan in 2025, which has been exceeded by 106.6% [2][6][19]. - The environmental protection sector is expected to benefit significantly from the debt replacement policies, improving cash flow and performance for various companies within the industry [7][23]. - The report highlights that several environmental companies have seen a notable improvement in their accounts receivable, indicating a positive trend in cash flow [9][40]. Summary by Sections Policy and Progress - The National People's Congress approved a resolution to increase local government debt limits for replacing hidden debts, with a structured approach of 6 trillion, 4 trillion, and 2 trillion yuan [6][19]. - As of September 2025, the issuance of special refinancing bonds reached 2.31 trillion yuan, with 2.13 trillion yuan specifically allocated for replacing hidden debts, indicating proactive measures by local governments to address existing debt issues [8][27]. Improvement in Accounts Receivable - Companies like Hanlan Environment and Chuangye Environmental have reported significant recoveries in accounts receivable, with Hanlan recovering approximately 1.53 billion yuan in the first three quarters of 2025 [9][39]. - The overall cash flow for the environmental sector has improved, with a year-on-year increase of 31% in operating cash flow net [9][41]. Investment Logic - The report suggests two investment strategies: focusing on sectors with large accounts receivable and low risk, such as waste incineration and water operations, and identifying leading companies in sectors with high government-related receivables [10][44]. - The report emphasizes the potential for cash flow improvement in the environmental sector due to the ongoing debt replacement policies, which are expected to enhance the repayment capabilities of local governments [42][44].

Group 1 - The core focus of the article is on the ecological restoration efforts in the Kubuqi Desert, highlighting the role of technology and data in enhancing the effectiveness of these initiatives [1][2][25] - The documentary "Spring on the Bowstring" showcases the ecological governance led by Mongolian Grass Ecological Industry Planning and Design Institute in the Kubuqi Desert [1] - The integration of ecological big data platforms allows for efficient analysis of key ecological indicators, saving time and labor costs in the restoration process [2][5] Group 2 - A total of 1.65 million soil samples have been collected to support the development of soil improvement technologies for desert management [6] - The establishment of a resource support system for ecological restoration includes a gene bank, soil bank, and a germplasm resource library containing 2,300 species and 65,000 samples [5] - The use of an ecological seed package has led to a 20% increase in vegetation coverage and over 30% in species richness compared to single plant restoration methods [12][19] Group 3 - The ecological seed package technology has received expert recognition and has obtained multiple invention patents [17][19] - The construction of a multi-layered sand fixation system and the optimization of sand barrier installation techniques have improved the efficiency of large-scale desert management by 30 times [19] - The integration of photovoltaic technology with ecological restoration promotes sustainable development through a model that combines power generation, restoration, and planting [20][21] Group 4 - A comprehensive technical service system has been established to provide standardized support for desert management, including species selection, technology implementation, and effectiveness evaluation [25][26] - The company emphasizes a holistic approach to ecological construction, covering all aspects from surveying and sampling to monitoring and service assurance [26]

Core Viewpoint - Mongolian Grass Ecological Company announced that as of December 31, 2025, Alashan Company has repaid 5 million yuan, with a remaining unpaid amount of 19 million yuan [1] Group 1: Financial Obligations - Alashan Company is located in the Ulan Buh Ecological Sand Industry Demonstration Zone and has a 10MWp photovoltaic power station integrated with agriculture and animal husbandry that has been connected to the grid [1] - The annual electricity generation of the power station is approximately 15 million kilowatt-hours, with electricity sales revenue and central and local government subsidies being its main sources of income [1] - Due to the electricity sales revenue and government subsidies not being received on time and in full, Alashan Company has failed to fulfill its repayment obligations as scheduled [1]

Group 1 - The core point of the article is that Mongolian Grass Ecological Company announced the approval of a proposal regarding the early termination of a PPP project and debt restructuring during its first extraordinary shareholders' meeting of 2026 [2] Group 2 - The announcement was made on January 7, indicating a significant decision by the company to address its financial and project commitments [2] - The decision to terminate the PPP project suggests a strategic shift in the company's operational focus [2] - The debt restructuring proposal indicates the company's efforts to manage its financial obligations more effectively [2]

证券代码：300355 证券简称：蒙草生态 公告编号：2026-003 蒙草生态环境（集团）股份有限公司 2026 年第一次临时股东会决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 特别提示： 1、本次股东会没有否决、取消、修改提案的情况。 2、本次股东会不涉及变更以往股东会已通过决议的情况。 一、会议召开和出席情况 （一）会议召开情况 1、股东会届次：2026年第一次临时股东会 2、会议时间： 现场会议时间：2026年1月7日（星期三）下午15:00。 网络投票时间：2026 年 1 月 7 日 1、股东出席情况 1 参与本次会议的股东及股东授权代表共636人，代表股份353,692,834股，占 公司有表决权股份总数的22.0473％。 其中，通过深圳证券交易所交易系统进行网络投票的具体时间为：2026年1 月7日9:15-9:25、9:30-11:30和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：2026年1月7日 9:15-15:00。 3、召开地点：呼和浩特市新城区生盖营村生盖营巷蒙草种业中心三楼会议 室。 ...

经世律师事务所 关于蒙草生态环境（集团）股份有限公司 2026年第一次临时股东会的 法律意见书 致：蒙草生态环境（集团）股份有限公司 经世律师事务所（以下简称"本所"）接受蒙草生态环境（集团）股份有限公 司（以下简称"公司"）董事会的委托，根据《中华人民共和国公司法》（以下简 称"《公司法》"）、《中华人民共和国证券法》（以下简称"《证券法》"）和 中国证券监督管理委员会《上市公司股东会规则》（以下简称"《规则》"）、 《律师事务所从事证券法律业务管理办法》（以下简称"《证券法律业务管理办 法》"）、《律师事务所证券法律业务执业规则（试行）》（以下简称"《证券法 律业务执业规则》"）等中华人民共和国境内（以下简称中国境内，为本法律意见 书之目的不包括中国香港特别行政区、中国澳门特别行政区和中国台湾地区）现行 有效的法律、行政法规、部门规章、规范性文件和现行有效的《蒙草生态环境（集 团）股份有限公司章程》（以下简称"《公司章程》"）的规定，指派律师出席公 司2026年第一次临时股东会，并对本次股东会的召集、召开程序、出席会议人员资 格、会议表决程序等事宜出具法律意见书。 为出具本法律意见书，本所律师审查了公司提 ...

二、债务重组进展 截至第一期约定还款日 2025 年 12 月 31 日，阿拉善公司已向公司还款 500 万元，剩余 1,900 万元未支付。阿拉善公司位于乌兰布和生态沙产业示范区的 10MWp 结合农牧业光伏电站已并网发电，年发电量 1500 万度左右，电站售电收 入及中央和地方财政补贴是其主要收入来源，因售电收入及中央和地方财政补贴 未如期足额到账，导致阿拉善公司未能按期足额履行还款义务。 证券代码：300355 证券简称：蒙草生态 公告编号：2026-004 蒙草生态环境（集团）股份有限公司 关于债务重组的进展公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 一、债务重组概述 为促进内蒙古蒙草阿拉善荒漠生态修复有限公司（简称"阿拉善公司"）债 务妥善解决，公司分别于 2024 年 12 月 20 日召开第五届董事会第二十四次会议 及 2025 年 1 月 6 日召开 2025 年第一次临时股东会审议通过了《关于签订〈债务 重组协议补充协议〉的议案》。根据债务重组补充协议，阿拉善公司欠公司本金 38,010,702.45 元、利息 8,528,538. ...