证券代码：300355 证券简称：蒙草生态 内蒙古蒙草生态环境（集团）股份有限公司 投资者关系活动记录表 编号：2017-001 | --- | --- | --- | |------------------------|----------------------------------|---------------------------------------------------------------------------------------| | | | | | | √ 特定对象调研 | □ 分析师会议 | | | □ 媒体采访 | □ 业绩说明会 | | 投资者关系活动类别 | □ 新闻发布会 | □ 路演活动 | | | □ 现场参观 | | | | □ | 其他 （请文字说明其他活动内容） | | 参与单位名称及人员姓名 | 中投证券：李凡、伊真真 | | | 时间 | 2017 年 2 月 20 | 日下午 15:00—18:00 | | 地点 | 公司和林草博馆及创客中心会议室 | | | 上市公司接待人员姓名 | 王强 | | | | | 实地到访公司位于和林的基地，就公司应 ...

Group 1: Company Overview and Strategic Changes - The company changed its name to "Inner Mongolia Mengcao Ecological Environment (Group) Co., Ltd." in June 2016 to better reflect its focus on ecological restoration and related industries [3] - The company is positioned as a leader in grassland ecological restoration, focusing on three main business lines: ecological restoration, seed industry technology, and modern grass industry [3] Group 2: Subsidiary Performance and Financial Management - The company has successfully integrated two subsidiaries: Putian Garden and Xiamen Luluxing, which have contributed significantly to profits since their acquisition [2] - The company is actively exploring accounts receivable transfer and factoring business with multiple financial institutions to enhance project funding management [2] Group 3: Business Expansion and Development Direction - The company has established subsidiaries in various domestic regions, including Beijing, Shandong, Henan, Tibet, and Xinjiang, and is seeking international cooperation in countries like Singapore and the UAE [4] - Future business development will focus on ecological restoration, seed industry technology, and modern grass industry, utilizing the PPP model [4] Group 4: Research and Development Achievements - The company has completed national and industry standards for degraded grassland restoration technology [5] - A plant germplasm resource bank has been established, containing approximately 1,700 species, with over 160 species transitioned from research to production [5] - The company has initiated ecological industry big data projects to integrate and utilize ecological data for better restoration and management strategies [5] Group 5: Overall Business Performance - The company has a sufficient order backlog to support future growth, with a projected annual performance increase of 80% to 110% for 2016 compared to the previous year [6]

证券代码：300355 证券简称：蒙草生态 内蒙古蒙草生态环境（集团）股份有限公司 投资者关系活动记录表 编号：2021-002 | --- | --- | --- | --- | --- | |-----------------------|------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------|-------|-------| | | | | | | | 投资者关系活动 | 特定对象调研 | □分析师会议 | | | | 类别 | | □媒体采访 □业绩说明会 | | | | | □新闻发布会 □路演活动 | | | | | | 现场参观 | | | | | | □其他 | （请文字说明其他活动内容） | | | | 参与单位名称及 | 中信建投证券 | 郭海阳 梁睿超 李铁生 | | | | 人员姓名 | 恒禾资产 ...

编号：2021-003 时间 2021 年 12 月 22 日 地点 电话调研会 上市公司接待人 董秘安旭涛、碳汇研究院院长王君芳、草种业副总经理陈玉凤 证券代码：300355 证券简称：蒙草生态 内蒙古蒙草生态环境（集团）股份有限公司 投资者关系活动记录表 | --- | --- | --- | --- | --- | |---------------------|---------------------|-----------------|--------|------------| | 投资者关系活动 类别 | 特定对象调研 \n姓名 | 单位 | 姓名 | 单位 | | | 唐笑 | 招商证券 | 管万强 | 中和资本 | | | 岳恒宇 | 招商证券 | 钱妙 | 平安资产 | | | 贾宏坤 | 招商证券 | 罗春鹏 | 国联安基金 | | | 曹迪雅 | 华夏未来资本 | 康艺馨 | 财通资管 | | | 王辉 | 华融证券 | 孙峥 | 平安保险 | | | 郑思恩 | 富国基金 | 周瑞祺 | 盘泽资本 | | | 张成一鸣 | 进化论投资 | 孙佳 | 好奇投资 | | 参与单位名称及 ...

Financial Performance - The company's revenue for Q3 2022 was ¥411,666,524.44, a decrease of 44.97% compared to the same period last year[5]. - Net profit attributable to shareholders was ¥77,518.38, down 99.93% year-on-year, while the net profit after deducting non-recurring gains and losses was -¥4,438,212.65, a decrease of 105.47%[5]. - Total operating revenue for the third quarter was ¥1,337,838,567.19, a decrease of 22.5% compared to ¥1,725,967,491.18 in the same period last year[20]. - The net profit for the third quarter of 2022 was ¥185.88 million, down 36% from ¥290.40 million in the previous year[21]. - The basic and diluted earnings per share for Q3 2022 were both ¥0.00, reflecting a 100% decrease compared to the same period last year[5]. - The basic and diluted earnings per share for the third quarter were both ¥0.09, compared to ¥0.15 in the same period last year[21]. - The total comprehensive income attributable to the parent company was ¥121.68 million, down from ¥242.04 million in the previous year[21]. Assets and Liabilities - Total assets at the end of Q3 2022 amounted to ¥15,543,772,876.37, representing a decrease of 2.92% from the end of the previous year[5]. - Total current assets decreased to ¥6,292,135,359.13 from ¥6,639,626,492.72, reflecting a reduction of 5.2%[18]. - Total non-current assets slightly decreased to ¥9,251,637,517.24 from ¥9,371,303,852.45, a decline of 1.3%[18]. - Total current liabilities decreased to ¥4,872,882,699.73 from ¥5,779,186,906.89, a decrease of 15.7%[19]. - Total non-current liabilities increased to ¥4,827,981,019.39 from ¥4,474,649,871.27, an increase of 7.9%[19]. Cash Flow - The company's cash flow from operating activities for the year-to-date was ¥124,756,923.75, down 51.96%[5]. - The cash flow from operating activities for the third quarter was ¥124.76 million, a decline of 52% compared to ¥259.68 million in the same period last year[22]. - The company reported a net cash outflow from financing activities of ¥473.47 million, contrasting with a net inflow of ¥151.53 million in the previous year[23]. - The cash and cash equivalents at the end of the period stood at ¥381.43 million, down from ¥695.62 million at the end of the previous year[23]. - The company received cash from investment activities amounting to ¥71.52 million, a decrease from ¥121.73 million in the previous year[23]. - The cash outflow for investing activities was ¥28.84 million, significantly lower than ¥177.34 million in the previous year[23]. Expenses and Costs - Total operating costs amounted to ¥1,119,127,617.57, down 13.1% from ¥1,287,831,569.31 year-over-year[20]. - The company's research and development expenses for Q3 2022 were ¥65,473,677.92, a decrease of 32.03% year-on-year, shifting focus from application demonstration projects to grass seed technology[9]. - The company reported a decrease in research and development expenses to ¥65,473,677.92 from ¥96,325,982.98, a reduction of 32.0%[20]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 63,426[11]. - The largest shareholder, Wang Zhaoming, holds 16.78% of the shares, totaling 269,131,442 shares[11]. - The company has three preferred shareholders, with the largest holding 62.50% of the preferred shares[13]. Taxation - The company experienced a 90.51% decrease in taxes payable, amounting to ¥12,761,360.04, primarily due to tax payments made during the reporting period[9]. - Tax expenses decreased by 56.74% to CNY 25,863,527.10 due to a reduction in company profits during the reporting period[10]. - Cash paid for various taxes increased by 45.39% to CNY 240,007,318.83 compared to the previous year[10]. Investment Income - Investment income dropped by 93.08% to CNY 813,160.12, primarily due to dividends received from associates in the previous year[10]. - Cash received from the disposal of fixed assets decreased by 99.10% to CNY 200,000.00, as the previous year included significant land disposals[10]. - Cash received from the disposal of subsidiaries and other operating units fell by 87.34% to CNY 4,000,000.00 compared to the previous year[10]. - Cash paid for the acquisition of fixed assets decreased by 70.50% to CNY 28,838,142.02, attributed to land use payments in the previous year[10]. Inventory and Prepayments - The company's inventory increased by 41.81% to ¥219,510,528.78, attributed to the rising costs of contract performance for engineering projects[9]. - The company reported a significant increase in prepayments, which rose by 176.50% to ¥33,882,394.90, mainly due to increased material payments[9].

Financial Performance - The company's operating revenue for the first half of 2022 was approximately ¥926.17 million, a decrease of 5.28% compared to the same period last year[21]. - Net profit attributable to shareholders increased by 15.80% to approximately ¥151.85 million, compared to ¥131.14 million in the previous year[21]. - The net cash flow from operating activities was approximately ¥176.03 million, down 6.48% from ¥188.22 million in the same period last year[21]. - Basic earnings per share rose by 12.50% to ¥0.09, compared to ¥0.08 in the previous year[21]. - Total assets at the end of the reporting period were approximately ¥15.31 billion, a decrease of 4.36% from ¥16.01 billion at the end of the previous year[21]. - The net assets attributable to shareholders increased by 2.43% to approximately ¥5.13 billion, compared to ¥5.00 billion at the end of the previous year[21]. - The company reported non-recurring gains and losses totaling approximately ¥20.47 million for the reporting period[25]. - The company's weighted average return on equity was 3.54%, an increase of 0.34% from the previous year[21]. - The company’s diluted earnings per share calculated with the latest share capital was ¥0.0947[21]. Investment and Financing - The company plans not to distribute cash dividends or issue bonus shares[5]. - The company's R&D investment decreased by 51.83% to ¥41,584,209.56, shifting focus from application demonstration projects to grass seed technology projects[54]. - The net cash flow from investing activities improved significantly to ¥49,754,565.73, compared to a negative ¥80,411,797.26 in the previous year, marking a 161.87% increase[55]. - The total investment amount for the reporting period was ¥0.00, representing a 100% decrease compared to ¥41,180,000.00 in the same period last year[64]. - The total amount of funds raised by the company is RMB 788.85 million, with a net amount of RMB 788.85 million after deducting issuance costs[68]. - The company has invested a total of RMB 790.49 million in fundraising projects, achieving 100.21% of the committed investment amount[70]. - The company has not engaged in entrusted financial management, derivative investments, or entrusted loans during the reporting period[73][74][75]. - The company has not sold any significant assets or equity during the reporting period[76][77]. Business Development and Projects - The company signed 70 new engineering contracts with a total contract value of 457.5252 million yuan during the reporting period[30]. - The company has expanded its ecological restoration projects to regions such as Shaanxi, Qinghai, and Tibet, leveraging ecological big data for precise restoration efforts[29]. - The company has developed a digital platform for ecological industry big data, integrating digital technology with traditional seed industry practices to improve ecological restoration efficiency[41]. - The company has established a new breeding base for native grass species, focusing on species such as alfalfa and sheepgrass, to support local germplasm resource development[31]. - The company has launched three major demonstration projects in Inner Mongolia for the breeding and industrialization of high-quality alfalfa and other native grass species[47]. - The company is actively involved in space breeding experiments, with several grass varieties being tested for improved traits through space mutation[37]. - The company has expanded its business areas beyond Inner Mongolia to regions such as Shaanxi, Tibet, Xinjiang, and Qinghai to mitigate risks associated with local government revenue fluctuations[79]. Research and Development - The company has applied for 580 patents, including 210 invention patents, 268 utility model patents, and 102 design patents, with 316 effective patents currently held[43]. - The company has participated in the compilation of nearly 400 standards, with 55 officially released, including 2 national standards and 51 local standards, promoting standardization in the grass industry[44]. - The company has established over ten specialized ecological research institutions across different regions, focusing on drought-resistant and cold-resistant plants[52]. - Research and development expenses were CNY 38,774,497.43, significantly lower than CNY 60,226,373.40 in the first half of 2021, reflecting a strategic shift in R&D focus[157]. Social Responsibility and Community Engagement - The company has established a mechanism of "company + cooperative + impoverished households," creating planting bases in Inner Mongolia, which has helped nearly 5,000 local farmers find employment[93]. - The "order-based" breeding and seedling poverty alleviation project in Heilaoyao Township has directly increased the income of 66 registered impoverished households[93]. - The company has implemented a "100 enterprises linking 100 villages" initiative, providing timely financial support to solve practical difficulties for villagers, such as drinking water issues[93]. - The company has committed to providing seed sources and technical guidance to impoverished households under signed agreements with local cooperatives[93]. - The company has focused on integrating ecological construction with poverty alleviation through various forms of assistance, including employment and asset income[93]. Corporate Governance and Compliance - The financial report was approved by the board of directors on August 30, 2022[192]. - The company adheres to the accounting standards set by the Ministry of Finance, ensuring the financial statements reflect true and complete information as of June 30, 2022[197]. - The company has not faced any administrative penalties related to environmental issues during the reporting period[92]. - The company has not engaged in any significant related party transactions during the reporting period[102]. Shareholder Information - The total number of shareholders at the end of the reporting period was 64,940, with no shareholders holding special voting rights[133]. - The employee stock ownership plan involved 338 employees holding a total of 36,194,917 shares, representing 2.26% of the company's total equity[89]. - The major shareholder, Wang Zhaoming, holds 16.78% of the shares, totaling 269,131,442 shares[134]. - The company did not experience any changes in its controlling shareholder or actual controller during the reporting period[137]. Assets and Liabilities - The company's total assets decreased to CNY 10,154,544,506.55 as of June 30, 2022, from CNY 10,590,504,835.86 at the beginning of the year[156]. - The company's total liabilities decreased to CNY 5,270,832,162.70 from CNY 5,805,339,427.61, showing a reduction in financial leverage[156]. - The company's cash and cash equivalents dropped significantly to CNY 421,905,643.79 from CNY 871,483,051.56, representing a decline of approximately 52%[151]. - The total owner's equity increased to CNY 5,880,184,042.57 from CNY 5,757,093,567.01, showing an increase of about 2%[153].

Financial Performance - The company's operating revenue for Q1 2022 was CNY 304,539,439.94, representing a 24.26% increase compared to CNY 245,089,674.10 in the same period last year[4] - Net profit attributable to shareholders was CNY 31,352,170.80, a significant increase of 197.35% from CNY 10,543,970.89 year-on-year[4] - The net profit after deducting non-recurring gains and losses reached CNY 18,460,618.14, up 972.63% from a loss of CNY 2,115,523.87 in the previous year[4] - Basic earnings per share increased to CNY 0.02, doubling from CNY 0.01 in the previous year[4] - The net profit for the first quarter was CNY 33,089,375.11, compared to CNY 20,381,064.27 in the previous year, representing a growth of 62.2%[28] - The profit attributable to the parent company's shareholders was CNY 31,352,170.80, up from CNY 10,543,970.89, indicating a substantial increase of 197.5%[28] Cash Flow and Assets - The company's cash flow from operating activities showed a negative net amount of CNY -200,214,855.27, worsening by 531.34% compared to CNY -31,712,593.82 in the same period last year[4] - The company reported a decrease in cash and cash equivalents from CNY 871,483,051.56 at the beginning of the year to CNY 424,931,358.08 by the end of the quarter[23] - The total current assets decreased from CNY 6,639,626,492.72 to CNY 6,085,810,177.53, reflecting a decline of about 8.3%[23] - The total assets at the end of the reporting period were CNY 15,343,421,949.31, a decrease of 4.17% from CNY 16,010,930,345.17 at the end of the previous year[4] - The total non-current assets amounted to CNY 9,257,611,771.78, a decrease from CNY 9,371,303,852.45, reflecting a decline of 1.2%[24] Liabilities and Shareholder Information - Total liabilities decreased to CNY 9,568,439,007.19 from CNY 10,253,836,778.16, reflecting a reduction of 6.7%[25] - The total number of common shareholders at the end of the reporting period was 65,557[10] - The top shareholder, Wang Zhaoming, holds 16.78% of the shares, totaling 269,131,442 shares[10] - The company has 3 preferred shareholders at the end of the reporting period[13] - The largest preferred shareholder, Hohhot Investment Co., Ltd., holds 62.50% of the preferred shares, totaling 5 million shares[13] Research and Development - The company's R&D expenses decreased by 33.37% to CNY 14,934,601.66 from CNY 22,415,481.26 in the same period last year[7] - Research and development expenses for the quarter were CNY 14,934,601.66, down from CNY 22,415,481.26, a decrease of 33.5%[27] Contracts and Projects - The company signed 33 new engineering construction contracts with a total amount of 276.44 million RMB, a decrease of 88.58% year-on-year[18] - The company has ongoing PPP projects with significant contract amounts, including CNY 306,325 million for the ecological project in Hohhot City[20] - The cumulative recognized sales revenue for the ecological landscape project in Hohhot City is CNY 212,463.74 million[20] - The total contract amount for the ecological restoration project in Alxa League is CNY 239,335.67 million, with a cumulative recognized sales revenue of CNY 155,932.01 million[21] - The total amount of the ecological environment governance project in Tongliao City is CNY 87,667.1 million, with a cumulative recognized sales revenue of CNY 8,483.24 million[21] - The company confirmed that all major contracts are being performed normally, with no significant risks affecting contract execution[20] - The company is actively involved in multiple ecological restoration projects across various regions, indicating a strong market expansion strategy[21] Cash Flow Activities - The cash inflow from operating activities was CNY 619,643,381.48, a decrease of 22.1% compared to CNY 795,191,984.23 in the previous period[30] - The cash inflow from investment activities totaled CNY 14,145,885.99, significantly up from CNY 1,065,053.54 in the previous year[31] - The cash inflow from financing activities was CNY 366,000,000.00, an increase from CNY 234,238,646.00 in the previous year[31] - The cash paid for purchasing goods and services was CNY 607,187,129.78, a decrease of 12.2% from CNY 691,533,505.72 in the previous year[30] - The cash paid for employee compensation was CNY 48,881,230.58, slightly down from CNY 50,676,815.26 in the same period last year[30]

Financial Performance - The company's operating revenue for 2021 was ¥2,911,426,895.07, representing a 14.54% increase compared to ¥2,541,794,781.71 in 2020[19] - The net profit attributable to shareholders for 2021 was ¥309,192,312.11, a 33.22% increase from ¥232,099,822.00 in 2020[19] - The net cash flow from operating activities improved significantly to ¥579,662,541.03, a 232.72% increase from a negative cash flow of ¥436,771,928.96 in 2020[19] - The basic earnings per share for 2021 was ¥0.16, up 45.45% from ¥0.11 in 2020[19] - The total assets at the end of 2021 were ¥16,010,930,345.17, a 5.22% increase from ¥15,216,080,348.15 at the end of 2020[19] - The net assets attributable to shareholders increased to ¥5,004,267,495.86, a 3.91% rise from ¥4,816,108,884.78 in 2020[19] - The weighted average return on net assets for 2021 was 6.03%, an increase from 4.36% in 2020[19] - The company reported a significant increase in net profit after deducting non-recurring gains and losses, reaching ¥303,693,284.35, a 71.89% increase from ¥176,673,717.61 in 2020[19] - The company reported a revenue of 2.911 billion yuan and a net profit of 309 million yuan, representing a year-on-year growth of 33.22%[34] - Cash collection during the reporting period was 2.409 billion yuan, accounting for 82.76% of total revenue[34] Operational Highlights - The company reported a total of 1,694 species of native plant genetic resources collected, with 48,000 samples, supporting its ecological restoration efforts[31] - The company has established a national layout of 250,000 acres for seed collection, enhancing its capacity for ecological restoration projects[31] - The company has obtained 25 approved grass varieties and 6 national plant variety rights, strengthening its competitive position in the seed industry[32] - The company is leveraging big data technology to enhance the precision of ecological restoration, indicating a focus on innovation[31] - The company has expanded its ecological restoration projects to over 10 provinces across China, demonstrating its market expansion strategy[29] - The company signed 143 new engineering contracts with a total value of 4.579 billion yuan, an increase of 362.48% compared to the previous year[39] - The company established a high-altitude plant breeding research institute in Tibet, focusing on the introduction and domestication of nearly 30 local plant species[38] - The ecological restoration projects in the Inner Mongolia region have expanded to Shaanxi, Tibet, and Qinghai, with significant orders received in these areas[35] Research and Development - The company has undertaken a total of 274 research projects, including 22 national-level and 84 provincial-level projects, focusing on grassland technology innovation and ecological restoration[49] - The company has applied for a total of 417 patents, including 187 invention patents, with 159 patents granted, of which 38 are invention patents[56] - Research and development (R&D) investment amounted to CNY 181,234,636.14 in 2021, representing 6.22% of total operating revenue, up from 5.57% in 2020[80] - The number of R&D personnel increased by 32.86% to 186 in 2021, with a notable rise in the number of master's degree holders by 48.28%[80] - The company is focusing on developing new varieties of grass through traditional breeding techniques combined with molecular technology[77] Environmental and Social Responsibility - The company has been recognized as a national high-tech enterprise, with three subsidiaries receiving this certification during the reporting period[34] - The company donated over 9 million yuan to various social responsibility initiatives, including pandemic relief and educational support[34] - The company has established a "company + cooperative + poor households" mechanism, creating planting bases in Inner Mongolia, benefiting nearly 5,000 local farmers[167] - The "order-based" breeding and seedling poverty alleviation project in Heilaoyao Township has increased the income of 66 registered poor households[167] - The company has implemented a "data-driven + scientific research technology guidance" model for poverty alleviation, leveraging its big data platform to support rural revitalization[167] Governance and Management - The governance structure includes a board of directors with nine members, three of whom are independent directors, ensuring effective decision-making[115] - The company has established a performance evaluation and incentive mechanism for senior management to enhance operational efficiency[116] - The company is committed to maintaining transparent communication with stakeholders, balancing interests among shareholders, employees, and society[118] - The company has a well-defined governance structure, including a shareholders' meeting, board of directors, and supervisory board, which operate independently from shareholders[120] - The company has a complete and independent personnel management system, ensuring that senior management does not hold positions in related parties[119] Financial Management - The company has optimized its loan structure, achieving a favorable ratio of short-term to long-term loans at 3:7[57] - The company has established a specialized accounts receivable management department, successfully recovering CNY 2.40 billion in receivables during the year[57] - The company reported a total of CNY 6,110,419,065.32 in restricted assets due to various pledges[88] - The company has a total of 2.23 million RMB in guarantees provided by shareholders, which have been fully performed[195] - The company has maintained its accounting firm, Lixin Certified Public Accountants, for 13 consecutive years, with an audit fee of 2.09 million RMB[185] Future Outlook - The company aims to increase its market share in the ecological restoration sector by 15% over the next three years[131] - The company plans to build a carbon sink demonstration area in collaboration with research institutions to evaluate the carbon sink value of existing ecological restoration projects[105] - The company is actively pursuing new strategies for market expansion and ecological development through various partnerships and investments[198] - The company is exploring potential mergers and acquisitions to strengthen its market position and enhance service offerings in the ecological sector[200] - New product offerings in ecological technology are expected to launch in 2022, aimed at improving environmental sustainability[200]

Financial Performance - The company's revenue for Q3 2021 reached ¥748,126,393.88, representing a 26.01% increase compared to the same period last year[3] - Net profit attributable to shareholders for Q3 2021 was ¥110,905,743.10, a significant increase of 93.07% year-on-year[3] - The net profit after deducting non-recurring gains and losses was ¥81,144,845.74, up 39.18% from the previous year[3] - Total operating revenue for the third quarter reached ¥1,725,967,491.18, an increase of 15.1% compared to ¥1,499,934,763.89 in the same period last year[20] - Net profit for the quarter was ¥290,401,406.04, significantly up from ¥72,812,876.81, marking an increase of 299.5%[21] - Earnings per share (EPS) rose to ¥0.1509, compared to ¥0.0744 in the previous year, indicating a growth of 102.4%[21] Assets and Liabilities - The total assets at the end of Q3 2021 amounted to ¥15,940,246,958.08, reflecting a 4.76% increase from the end of the previous year[3] - Total current assets as of September 30, 2021, amounted to CNY 6,068,540,134.21, an increase from CNY 5,405,128,541.88 at the end of 2020, reflecting a growth of approximately 12.2%[16] - Total non-current assets as of September 30, 2021, were CNY 9,871,706,823.87, slightly up from CNY 9,810,951,806.27[17] - The total liabilities increased to ¥10,175,705,197.61 from ¥9,722,386,090.84, reflecting a rise of 4.7%[20] - The total liabilities due within one year increased by 38.42% to CNY 2,139,710,800.72, primarily due to a rise in bank loans[8] Cash Flow - The company's cash flow from operating activities for the year-to-date reached ¥259,677,595.67, a substantial increase of 138.10%[3] - Cash flow from operating activities generated ¥259,677,595.67, a turnaround from a negative cash flow of ¥681,588,720.66 in the same quarter last year[24] - The cash inflow from operating activities totaled ¥1,829,850,432.10, compared to ¥1,402,325,924.31 in the same period last year, an increase of 30.5%[24] - The net cash flow from investment activities was -55,603,571.18 CNY, compared to -19,400,804.42 CNY in the previous year, indicating a significant increase in cash outflow[25] - The total cash inflow from financing activities was 1,630,992,674.08 CNY, down from 1,994,300,000.00 CNY year-over-year[25] Research and Development - The company's R&D expenses increased by 63.46% to CNY 96,325,982.98, driven by enhanced research in ecological restoration technologies across various geographical conditions[8] - Research and development expenses increased to ¥96,325,982.98, up from ¥58,928,900.43, representing a growth of 63.5%[20] - New product development includes a focus on sustainable materials, with an investment of 100 million RMB allocated for R&D in 2022[31] Market and Strategic Goals - The company plans to expand its market presence in southern China, targeting a 30% increase in market share by 2023[31] - Mengcao aims to enhance its technological capabilities by integrating AI solutions into its services, expecting a 10% efficiency improvement[31] - The company has outlined a strategic goal to achieve a revenue target of 6 billion RMB by 2025, with a compound annual growth rate of 15%[31] - Mengcao is exploring potential acquisitions in the environmental sector to bolster its service offerings and expand its client base[31] Shareholder Information - The largest shareholder, Hohhot Investment Co., holds 62.50% of the preferred shares, totaling 5,000,000 shares[12] - The company reported no pledged shares after the major shareholder, Wang Zhaoming, released 105,265,520 shares from pledge[14] - The total number of restricted shares at the end of the period was 296,548,633, with 7,920 shares released from restriction during the period[14] Operational Metrics - The company reported a significant decrease in financial expenses by 81.11% to CNY 26,231,675.95, due to increased interest income from operational PPP projects[8] - The company reported a significant investment loss of ¥73,675,919.74, compared to a loss of ¥2,197,880.30 in the previous year[20] - The company reported a gross margin of 40% for Q3 2021, maintaining a stable margin compared to the previous quarter[31] - Future guidance indicates an expected revenue growth of 18% for Q4 2021, driven by increased demand for ecological services[31]

Financial Performance - The company's operating revenue for the first half of 2021 was CNY 977,841,097.30, representing a 7.90% increase compared to CNY 906,248,512.26 in the same period last year[22]. - The net profit attributable to shareholders of the listed company was CNY 131,136,155.96, a significant increase of 111.90% from CNY 61,886,578.54 in the previous year[22]. - The net profit after deducting non-recurring gains and losses reached CNY 106,015,399.97, marking a 222.81% increase compared to CNY 32,841,042.71 in the same period last year[22]. - The net cash flow from operating activities was CNY 188,217,523.74, a turnaround from a negative cash flow of CNY -896,048,654.97 in the previous year, representing a 121.01% improvement[22]. - Basic earnings per share increased to CNY 0.08, doubling from CNY 0.04 in the same period last year[22]. - The total assets at the end of the reporting period were CNY 15,213,700,431.57, a slight decrease of 0.02% from CNY 15,216,080,348.15 at the end of the previous year[22]. - The net assets attributable to shareholders of the listed company increased to CNY 4,911,951,718.15, reflecting a 1.99% growth from CNY 4,816,108,884.78 at the end of the previous year[22]. - The weighted average return on net assets improved to 3.20%, up from 1.59% in the previous year, indicating enhanced profitability[22]. Research and Development - Research and development expenses surged by 456.93% to ¥86,326,467.30, reflecting increased investment in plant diversity applications and ecological restoration technologies[77]. - The company has developed over 50 unique patents and software copyrights related to ecological data modeling and management systems[39]. - The company's R&D investment as a percentage of profit has been increasing year by year, focusing on ecological restoration, which enhances core competitiveness and improves profit margins[40]. - A total of 26 technical plans were developed, with 38 patent applications completed, including 2 inventions, 12 utility models, and 24 design patents; 33 patents were authorized, including 4 inventions and 7 utility models[40]. Ecological Projects and Innovations - The company is expanding its ecological restoration projects across more than 10 provinces in China, including significant orders in Shaanxi and Inner Mongolia[30]. - The company has established a unique grassland native plant germplasm resource library with 1,694 species and 42,000 samples, including 4000 specimens and 1.4 million soil samples[29]. - The company has developed a digital management system for germplasm resources, enabling centralized and precise management of 1,694 species, with 45%-50% of resources being crops and forage[31]. - The company has initiated a "million sampling plan" to collect plant specimens, soil, and seeds in regions such as Alxa, Gansu, and Qinghai[34]. - The company has partnered with the International Bamboo and Rattan Center to conduct space-borne experiments on six representative grass species for ecological restoration[34]. - The company is focusing on technological innovation in germplasm resource collection, evaluation, and breeding to meet the demand for high-quality grass seeds[35]. Financial Health and Investments - The company reported a substantial increase in investments, with a total investment of ¥41,180,000, marking a 385.99% increase compared to the previous year[86]. - The total amount of raised funds was ¥78,885,000, with cumulative investment reaching ¥79,048.68, indicating a utilization rate of 100.21%[91]. - The company executed a non-public offering of preferred shares, raising a net amount of ¥78,885,000 after deducting issuance costs[91]. - The total liabilities decreased by 5% compared to the previous year, reflecting improved financial health and operational efficiency[142]. Market Expansion and Strategic Initiatives - The company is expanding its business operations beyond Inner Mongolia to regions such as Shaanxi, Tibet, Xinjiang, and Qinghai, aiming for a more balanced business layout[103]. - The company plans to actively coordinate with government special funds to support project receivables and will prioritize receivable recovery capabilities in project bidding evaluations[105]. - The company is exploring strategic partnerships and potential acquisitions to strengthen its market position[199]. - The company plans to focus on market expansion and new product development to enhance revenue streams in the upcoming periods[199]. Shareholder and Governance Matters - The company did not distribute cash dividends or bonus shares for the half-year period[110]. - The employee stock ownership plan was extended for another 12 months until June 8, 2022, allowing employees to hold shares in the company[112]. - The controlling shareholder, Mr. Wang Zhaoming, holds 269,131,442 shares, representing 16.78% of the total share capital, with 105,265,520 shares pledged, accounting for 39.11% of his holdings and 6.56% of the total share capital[149]. - The total number of common shareholders at the end of the reporting period was 69,291[159]. Risks and Challenges - The company faced risks of slow project construction due to potential changes in project financing and a slowing economy[105]. - The company has implemented measures to mitigate risks associated with delayed payments from local governments, including adherence to new policies ensuring timely payments[103]. - The company reported a net loss of CNY 35,293,322 for the first half of 2021, indicating ongoing financial challenges[199]. - The net cash flow from operating activities showed significant volatility, indicating potential liquidity risks[104].