MCST(SZ:300355) Chang Jiang Shang Bao·2025-09-11 08:29Core Viewpoint - Mongolian Grass Ecology (300355.SZ) has secured a significant order reserve, indicating strong growth potential in the ecological restoration sector, particularly through its recent project wins and overall financial performance [1][2]. Group 1: Recent Project Wins - On September 10, Mongolian Grass Ecology announced that its subsidiary, Happy Grass Company, won a bid for the "Integrated Protection and Restoration Project of Forest, Grass, and Wetland in Urat Middle Banner, Bayannur City, Inner Mongolia" with a bid price of 225 million yuan [1]. - Since 2025, the company has won multiple ecological restoration projects, including a 204 million yuan project in April and a 252 million yuan project in May [1]. - The company has signed contracts for various projects, with a total of 15.32 billion yuan in contract orders by mid-2025, reflecting a 130.12% year-on-year increase in contract liabilities [2]. Group 2: Financial Performance - Mongolian Grass Ecology reported a revenue of 823 million yuan for the first half of 2025, representing a year-on-year growth of 19.4%, and a net profit attributable to shareholders of 50.05 million yuan, up 97.98% [2]. - The company has maintained a strong focus on research and development, with R&D expenses of 136 million yuan, 164 million yuan, and 65.4 million yuan for 2023, 2024, and the first half of 2025, respectively, showing year-on-year growth rates of 25.73%, 20.76%, and 13.24% [2]. Group 3: Innovation and Intellectual Property - Mongolian Grass Ecology ranks fourth globally among innovative enterprises in the grass seed industry, with 776 valid patents, including 157 invention patents, and has participated in the formulation of 540 standards [3].