Core Insights - The "Ecological Seed Package" is a foundational technology for combating desertification and promoting the high-quality development of the grass seed industry in China [1][4]. Group 1: Technology and Innovation - The "Ecological Seed Package" technology has been recognized as mature and effective, with significant potential for large-scale application [1][4]. - The technology integrates ecological data to select and configure grass species tailored to specific environmental conditions, moving from a one-size-fits-all approach to a more precise, localized strategy [2][4]. - The "Ecological Seed Package" has achieved eight related invention patents and can reduce chemical fertilizer usage by 30% to 50%, improve nutrient absorption efficiency, and increase seed survival rates in poor soils by 15% to 20% [2]. Group 2: Demonstration and Results - The implementation of the "Ecological Seed Package" has led to significant improvements in vegetation recovery, with increased grass coverage, yield, and the proportion of perennial quality forage [4]. - In the case of the Zhenglanqi semi-mobile sand area, after three years of applying the "Ecological Seed Package," vegetation coverage reached 45% to 55%, with forage yield exceeding 75 kilograms, and bare sand area reduced by over 90% [4]. Group 3: Future Plans - The company plans to further develop the "Ecological Seed Package" technology by screening and adapting suitable native grass species for different ecological regions, aiming to expand its application across Inner Mongolia and nationwide [6].

Group 1: Company Overview and Financial Performance - The company reported a gross profit margin decline for 2024, particularly in the landscaping business, which experienced a negative margin due to significant cost reductions in completed projects [2] - As of the end of 2024, the accounts receivable balance was CNY 607 million, with a provision for impairment losses of CNY 124 million, representing a 20.47% provision rate [3] - The company expects to achieve revenue between CNY 200 million and CNY 300 million in 2025, reflecting a growth of 40% to 110% compared to the previous year [4] Group 2: Project and Order Status - In 2024, the company signed new contracts and bids totaling CNY 1.52 billion, with a significant portion from comprehensive land remediation projects amounting to CNY 655 million [4] - The revenue from land remediation projects accounted for 6.65% of total revenue in 2024, with a gross margin of 42.13% [4] Group 3: Accounts Receivable and Impairment - The aging structure of accounts receivable shows that 44.32% are within one year, 20.51% between one to two years, 12.98% between two to three years, and 22.18% over three years [3] - The company anticipates improvements in cash collections in 2025, which may stabilize the provision for bad debts [3] Group 4: International Expansion and Strategy - The company has established an office in Kyrgyzstan to expand its business in Central Asia and has begun local nursery construction [5] - Future plans include building overseas operational entities, exporting seedlings, and collaborating with local governments for nursery base construction [5] Group 5: Competitive Advantages - The company possesses unique soil preparation and spraying technologies, particularly effective in challenging environments where competitors may struggle [6] - Continuous investment in R&D has led to superior ecological restoration technologies compared to conventional methods, enhancing efficiency and application speed [6]