（文章来源：证券日报） 证券日报网讯 1月6日，蒙草生态发布公告称，公司第六届董事会第七次会议审议通过《关于阿巴嘎旗 PPP项目提前终止及债务重组的议案》。 ...

证券日报网讯 1月6日，蒙草生态发布公告称，公司控股子公司艾米乐生态与阿巴嘎住建局签署终止协 议，提前结束阿巴嘎旗PPP项目并实施债务重组：确认项目费用总额9556.94万元，已收2485.75万元， 剩余7071.19万元按2025年末至2028年6月四期合计支付6790.76万元后，公司豁免余债；若逾期按一年期 LPR计息。本次重组预计影响本期税前利润约-21.72万元。 （文章来源：证券日报） ...

Group 1 - The core point of the article is that the company Mongolian Grass Ecological (300355.SZ) announced the early termination of its PPP project in Abaga Banner, involving its subsidiary Abaga Banner Aimi Le Ecological Development Co., Ltd [1] - The termination agreement for the PPP project includes a total project cost of 95.5694 million yuan, with the Abaga Housing and Urban-Rural Development Bureau having paid 24.8575 million yuan so far, leaving an outstanding payment of 70.7119 million yuan [1] - According to the termination agreement, the Abaga Housing and Urban-Rural Development Bureau is scheduled to make payments totaling 67.9076 million yuan by specific deadlines in 2025 and 2026, after which the company will waive the remaining debt [1]

Core Viewpoint - The company announced the early termination of the PPP project involving its subsidiary, which will result in a debt restructuring agreement with specific payment terms [1] Group 1: Project Termination - The PPP project in question is the "Beiligutai Town Surrounding Greening Project" in Abaga Banner, which will be terminated through a signed agreement [1] - The total project cost confirmed in the debt restructuring is 95.5694 million yuan [1] Group 2: Financial Implications - The Abaga Housing and Urban-Rural Development Bureau has already paid 24.8575 million yuan, leaving an outstanding project cost of 70.7119 million yuan [1] - According to the termination agreement, the Bureau is scheduled to make payments totaling 67.9076 million yuan by specific deadlines from 2025 to 2028 [1]

蒙草生态公告，控股子公司阿巴嘎旗艾米乐生态发展有限公司与阿巴嘎旗住房和城乡建设局签署的《阿 巴嘎旗别力古台镇周边绿化工程政府和社会资本合作PPP项目合同》已提前终止。根据债务重组方案， 阿巴嘎住建局将分别于2025年12月31日前支付2516万元、2026年6月30日前支付1425万元、2027年6月30 日前支付1425万元、2028年6月30日前支付1424.76万元，共计支付6790.76万元后，公司对剩余债务予以 豁免。此次重组预计影响公司本期税前利润约-21.72万元。 ...

证券代码：300355 证券简称：蒙草生态 公告编号：2026-001 会议审议并通过了以下议案，形成如下决议： 审议并通过《关于阿巴嘎旗 PPP 项目提前终止及债务重组的议案》 本次 PPP 项目终止及债务重组旨在把握本轮国家和地方政府化债政策窗口 期，加快项目资金回流，通过确定性的支付安排，加速资金周转、提升使用效率， 优 化 资 产 结 构 ， 防 范 经 营 风 险 。 具 体 内 容 详 见 同 日 在 巨 潮 资 讯 网 （www.cninfo.com.cn）披露的《关于阿巴嘎旗 PPP 项目提前终止及债务重组的 公告》。 蒙草生态环境（集团）股份有限公司 第六届董事会第七次会议决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确、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（简称"公司"）第六届董事会第七次 会议于 2026 年 1 月 6 日以现场、通讯方式召开，会议通知于 2025 年 12 月 31 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。会议由董事长朱长虹女士主持，部分高级管理人员列席了 ...

一、概述 2018 年 6 月，蒙草生态环境（集团）股份有限公司（简称"公司"）控股 子公司阿巴嘎旗艾米乐生态发展有限公司（简称"艾米乐生态"）与阿巴嘎旗住 房和城乡建设局（简称"阿巴嘎住建局"）签署《阿巴嘎旗别力古台镇周边绿化 工程政府和社会资本合作 PPP 项目合同》（简称"《阿巴嘎 PPP 项目合同》"）， 合同约定艾米乐生态承担该项目的投资、建设、运营及移交等工作，合作期 10 年。2021 年 4 月项目完成建设，进入运营期。 为把握中央及内蒙古自治区化债政策的窗口期，尽快回收货币资金，提高资 金使用效率，促进公司新业务发展，经各方协商，签署《阿巴嘎旗别力古台镇周 边绿化工程政府和社会资本合作 PPP 项目终止协议》提前终止本 PPP 项目，并对 债权债务进行约定。 本终止协议已经公司第六届董事会第七次会议审议通过，根据《深圳证券交 易所股票上市规则》等相关规定，无需提交股东会审议。本次债务重组不构成关 联交易，亦不构成《上市公司重大资产重组管理办法》规定的重大资产重组。 二、协议对方的基本情况 证券代码：300355 证券简称：蒙草生态 公告编号：2026-002 蒙草生态环境（集团）股份有限公司 ...

Investment Rating - The industry investment rating is "Buy" [2] Core Insights - The report highlights the formal implementation of the EU carbon tariff in 2026, which is expected to boost demand for China's circular economy and green energy industries. The carbon price in the EU is currently 80-90 euros per ton, significantly higher than China's current carbon price, which will increase export costs for Chinese companies. Companies can reduce carbon emissions through green energy and recycled resources [7][11] - There is a notable acceleration in local government debt reduction efforts, with several companies in the environmental sector announcing debt recovery measures. This includes one-time payments for historical receivables and debt restructuring, which are expected to improve cash flow for many companies [7][30] - High dividend assets in the environmental sector remain attractive, with companies like Guangda Environment and Huanlan Environment showing significant stock price increases in 2025. The expectation of continued dividend growth is supported by reduced capital expenditure needs due to fewer new project orders [7][30] Summary by Sections 1. Receivables Recovery Announcements - Numerous announcements regarding receivables recovery from listed companies indicate a trend towards debt reduction in the industry. For instance, Chuangye Environmental has signed agreements to improve cash flow by adjusting payment cycles for wastewater treatment fees [15][16] - Mengcao Ecology has announced the termination and debt restructuring of four PPP projects, expecting to recover approximately 1 billion yuan in receivables, which will enhance cash flow and fund utilization efficiency [23][24] 2. Carbon Tariff Implementation - The EU carbon tariff will officially be implemented in 2026, impacting various industries including cement, steel, and electricity. This is expected to expand to additional sectors by 2027, influencing downstream products and commodities [7][11] 3. Policy Review and Trends - The report reviews policies aimed at resolving local government debts and emphasizes the importance of addressing overdue payments to enterprises. Recent policies have allocated special bond quotas to address these issues [27][28][29] 4. Company Performance and Recommendations - The report suggests focusing on companies with significant receivables from government projects, as they are likely to see improved market valuations and profit recovery. Key companies to watch include Chengfa Environment, Wuhan Holdings, and others in the solid waste and water treatment sectors [30]

Core Viewpoint - Mongolian Grass Ecological Environment (Group) Co., Ltd. plans to terminate the PPP project in Uhu City to improve capital recovery and efficiency, following the completion of the project's construction and its transition to the operational phase [1] Group 1 - The company’s subsidiary, Inner Mongolia Lvxing Ecological Environment Co., Ltd., signed a PPP project contract with the Uhu City Natural Resources Bureau in November 2017 [1] - The contract stipulated that Lvxing Ecological would be responsible for investment, financing, construction, and operation maintenance services for the project over a 10-year cooperation period [1] - The project has now completed construction and is currently in the operational phase [1] Group 2 - To leverage the central and Inner Mongolia Autonomous Region's debt reduction policies, the company intends to sign an early termination agreement for the PPP project [1] - The early termination agreement will also address the settlement of debts and credits related to the project [1]

Group 1 - The core point of the article is that Mongolian Grass Ecological (300355) announced the early termination of a PPP project with the Ulaanbaatar Natural Resources Bureau, along with a debt restructuring agreement [1] - The total project cost involved in the debt restructuring is confirmed to be 1,105.50 million yuan, with the Ulaanbaatar Natural Resources Bureau set to pay 666.96 million yuan in installments [1] - The termination of the PPP project and the debt restructuring aim to leverage the national and local government debt reduction policy window, accelerate project fund recovery, and optimize asset structure to mitigate operational risks [1] Group 2 - The company estimates that the project termination will not have a significant impact on its production operations and performance [1]