Group 1 - The rating of the landscaping company Mongolian Grass Ecology was downgraded, indicating challenges in financing for companies involved in PPP projects [1] - Despite some PPP projects being suspended or scaled back due to local government debt management, there has been no significant asset impairment reported by these companies [1][2] - As of the end of May, the total scale of PPP projects in China exceeded 14 trillion yuan, with a steady increase in project numbers and investment scale [1][5] Group 2 - Local government debt management is a common policy environment challenge faced by landscaping companies, with some projects experiencing delays or adjustments [2] - Specific projects, such as the 1.43 billion yuan ecological construction PPP project in Wuhai, have faced delays due to site acquisition and planning adjustments [2] - The overall enthusiasm for launching PPP projects remains strong, with new projects continuing to enter the market despite some being halted [5][6] Group 3 - Banks are still favoring compliant and reliable PPP projects for financing, despite a tightening overall financing environment [6] - The financing environment for PPP projects is not as tight as perceived, with banks still able to meet financing needs for quality projects [6] - The Ministry of Finance is working on improving the PPP regulatory framework and supporting financing innovation to enhance project quality and efficiency [7]

9月11日，《证券日报》记者从蒙草生态方获悉，蒙草生命共同体大数据公司参与在内蒙古西乌珠穆沁 旗(以下简称"西乌旗")建设的智慧畜牧业平台取得了新的进展。目前，西乌旗智慧畜牧业系统对试点牧 户的生态数据调研已经全部完成，西乌旗牧户大数据数据库雏形也已完备。 蒙草生态表示，接下来将在全面实地调研后得出牧民实际所需设备清单，实现一个牧户一个方案，达到 精准指导牧户生产生活的效果。与此同时，智慧畜牧业平台的"生态大数据""草畜平衡"功能模块、手机 App已进入完善开发阶段。该系统完成后将分析西乌旗地区近20年的生物量、盖度、返青、植被指数、 合理载畜量等生态数据信息，形成动态生态大数据监测方案，达到指导牧民合理放牧生产、合理利用和 保护当地草原资源的效果，最终实现"人-草-畜"的持续健康发展。(马宇薇) 今年7月，西乌旗财政局、农牧和科技局联合蒙草生命共同体大数据公司启动西乌旗智慧畜牧业项目， 期望运用大数据技术完成智慧家庭牧场的建设，从而帮助牧户降低养殖成本、提高生产效率、减轻天然 草原压力。目前，智慧牧业系统已完成全部试点共104户牧户的草场调研工作，包括牧民基本情况问卷 调查分析，土壤和植物样方采集、化验、分 ...

Core Viewpoint - Mongolian Grass Ecology (300355.SZ) announced the signing of a PPP project contract for landscape construction in the Hohhot region, which will be terminated early to improve capital recovery and efficiency [1] Group 1: Project Details - The project involves the financing, investment, construction, and operation maintenance services by the subsidiary, Jingfeng Landscaping, under a 10-year cooperation agreement [1] - The project was completed and entered the operational phase between August 2018 and August 2019 [1] Group 2: Termination Agreement - The company plans to sign an early termination agreement for the PPP project to take advantage of the central and Inner Mongolia debt reduction policies [1] - The termination agreement will also include provisions for debt restructuring [1]

（记者 王晓波） 截至发稿，蒙草生态市值为65亿元。 每经头条（nbdtoutiao）——微信聊天遭老板监视，杀毒软件"失明"，员工隐私被系统性采集！软件商 公开售卖"监控神器"，称已服务多家企业 每经AI快讯，蒙草生态（SZ 300355，收盘价：4.08元）12月24日晚间发布公告称，公司第六届第五次 董事会会议于2025年12月22日以现场、通讯方式召开。会议审议了《关于杭锦后旗PPP项目提前终止及 债务重组的议案》等文件。 2025年1至6月份，蒙草生态的营业收入构成为：自然生态系统保护管理占比93.97%，其他业务占比 6.03%。 ...

Core Viewpoint - The company announced the early termination of a PPP project contract related to landscape construction in the Hohhot region, which will have financial implications for the company [1] Financial Summary - The total project cost is estimated at 173 million yuan, with 119 million yuan already paid and 53.9281 million yuan remaining unpaid [1] - According to the termination agreement, the company will pay a total of 44.9688 million yuan, which includes 37.12 million yuan by December 31, 2025, and 7.8488 million yuan by January 30, 2026 [1] - The debt restructuring is expected to impact the company's pre-tax profit by approximately -8.0345 million yuan [1]

Core Viewpoint - The company announced the early termination of a PPP project contract with the Xianghuangzhu Construction Bureau, involving a total project cost of 150 million yuan [1] Group 1: Project Financials - The total project cost is 150 million yuan, with 42.49 million yuan already paid and 107 million yuan remaining unpaid [1] - The Xianghuangzhu Construction Bureau will pay 71.76 million yuan by December 31, 2025, and 28.1261 million yuan by December 30, 2026, totaling 99.8861 million yuan [1] - The company will waive the remaining debt after receiving the total payments from the Xianghuangzhu Construction Bureau [1] Group 2: Project Transfer - The project transfer will be completed within 15 working days after the company receives the 71.76 million yuan payment [1]

证券代码：300355 证券简称：蒙草生态 公告编号：2025-094 蒙草生态环境（集团）股份有限公司 关于杭锦后旗 PPP 项目提前终止及债务重组的公告 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、概述 2017 年 12 月 6 日，蒙草生态环境（集团）股份有限公司（简称"公司"） 控股子公司杭锦后旗景丰园林绿化有限公司（简称"景丰园林"）与杭锦后旗园 林绿化服务中心（简称"杭后绿化"，原巴彦淖尔市杭锦后旗园林局）签署《巴 彦淖尔市杭锦后旗一湖两路宽林带景观建设 PPP 项目合同》（简称"《杭后 PPP 项目合同》"），合同约定景丰园林承担该项目的融资、投资、建设及运营维护 服务，合作期限 10 年。2018 年 8 月至 2019 年 8 月项目陆续完成建设，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，拟签署《巴彦淖尔市杭锦后旗 一湖两路宽林带景观建设 PPP 项目提前终止协议》（简称"《项目终止协议》"） 提前终止本 PPP 项目合作，并对债权债务重组进行约定 ...

表决结果：9 票同意，0 票反对，0 票弃权。 二、审议并通过《关于镶黄旗 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。通过本次债务重组项目回款期提前三年，虽然公司豁免 部分债务，但通过确定性的支付安排，可加速资金周转，提升资金使用效率，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《关于镶黄旗 PPP 项目提前终止及债务重组的公 告》。 表决结果：9 票同意，0 票反对，0 票弃权。 证券代码：300355 证券简称：蒙草生态 公告编号：2025-093 蒙草生态环境（集团）股份有限公司 第六届董事会第五次会议决议公告 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"）第六届董事会第五次 会议于 2025 年 12 月 22 日以现场、通讯方式召开，会议通知于 2025 年 12 月 18 日通过电子邮件、书面形式等 ...

本终止协议已经公司第六届董事会第五次会议审议通过，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 （一）债务重组方名称：镶黄旗住房和城乡建设局 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、概述 2019 年 3 月 6 日，蒙草生态环境（集团）股份有限公司（简称"公司"） 控股子公司镶黄旗火不思环境治理有限责任公司（简称"火不思环境"）与镶黄 旗住房和城乡建设局（简称"镶黄住建局"）签署《镶黄旗新宝拉格镇园林景观 绿化工程政府和社会资本合作 PPP 项目合同》（简称"《镶黄 PPP 项目合同》"）， 合同约定火不思环境承担该项目的投资、建设、运营及移交等工作，合作期 10 年。2020 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，拟签署《镶黄旗新宝拉格镇园 林景观绿化工程政府和社会资本合作 PPP 项目合作终止协议 ...

Core Viewpoint - Mongolian Grass Ecological Company (300355.SZ) announced the early termination of a 12-year PPP project with the Housing and Urban-Rural Development Bureau of Dongwuzhumuqin Banner, along with a debt restructuring plan [1] Group 1: Project Details - The PPP project aimed at beautification and greening in Dongwuzhumuqin Banner was originally set to operate until 2030 [1] - The decision to terminate the cooperation was made to take advantage of the current debt reduction policy and accelerate cash flow [1] Group 2: Financial Implications - As of December 31, 2025, the total payable amount for the project is 273 million yuan, with the Dongwu Housing Bureau owing 234 million yuan [1] - Under the restructuring plan, the Bureau will pay a total of 195 million yuan in four installments within 2026, while Mongolian Grass will waive approximately 39 million yuan of the remaining debt [1] - The company estimates that the debt's book net value is about 230 million yuan, and after restructuring, it can recover 195 million yuan, which is expected to impact the company's pre-tax profit by approximately -35.0173 million yuan [1] Group 3: Operational Changes - Following the agreement's effectiveness, the operational maintenance of the project will be fully undertaken by the Dongwu Housing Bureau, relieving the subsidiary of any further responsibilities [1]