| | | 鲁泰纺织股份有限公司 2026 年第一季度可转债转股情况的公告 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。 证券代码：000726；证券简称：鲁泰A 债券代码：127016；债券简称：鲁泰转债 转股价格：8.39元/股 转股期限：2020年10月15日至2026年4月8日 根据《深圳证券交易所股票上市规则》《深圳证券交易所上市公司自律监管指引第15号——可转换 公司债券》的有关规定，鲁泰纺织股份有限公司（以下简称"公司"） 现将2026年第一季度可转换公司债 券（以下简称"可转债"）转股及公司股份变动的情况公告如下： 一、可转换公司债券上市概况 （一）可转换公司债券发行情况 经中国证券监督管理委员会（以下简称"中国证监会"）"证监许可[2020]299号文"《关于核准鲁 泰纺织股份有限公司公开发行可转换公司债券的批复》的核准，鲁泰纺织股份有限公司（以下简称"公司"） 于2020年4月9日公开发行1,400万张可转换公司债券（以下简称"可转债"），每张面值为人民币100.00 元，发行总额为14.00亿元。 （二）可转换公司债券上市情况 经深圳证 ...

Investment Rating - The report maintains a "Buy" rating for key companies in the textile and apparel industry, indicating a positive outlook for the sector in 2026 [4]. Core Insights - The textile manufacturing sector is expected to recover in Q1 2026, driven by improved export orders as U.S. tariff policies become clearer. This recovery is anticipated to benefit leading companies in sub-industries such as wool spinning, dyeing, cotton spinning, and nylon, which are expected to see performance exceed expectations due to inventory appreciation and management improvements [3]. - The apparel and home textile sector is projected to perform well, benefiting from a recovering consumer market and an extended sales season due to the later timing of the Spring Festival in 2026. Leading companies in the home textile sub-industry and sports brands are expected to outperform the sector [3]. - Significant growth in textile and apparel exports was noted in January and February 2026, with textile exports increasing by 20.5% and apparel exports by 14.8% year-on-year, marking the highest growth rates since 2022 [3]. - Retail sales of apparel, shoes, and textiles from major enterprises showed a year-on-year increase of 10.4% in early 2026, with online retail sales of clothing items growing by 18.0% [3]. Summary by Sections Q1 2026 Performance Forecast - The report forecasts a positive performance for various segments, including sports apparel, children's clothing, and home textiles, with expected revenue growth across multiple companies [11][12]. - Specific companies such as 比音勒芬 (Biyinlefen) and 海澜之家 (Hailan Home) are projected to see significant revenue increases, with 比音勒芬 expected to grow by 17% and 海澜之家 by 7% year-on-year [11]. Export Growth of Textiles and Apparel - The textile export value is projected to grow significantly, with a year-on-year increase of 20.5% in early 2026, while apparel exports are expected to rise by 14.8% [16][19]. Retail Sales Growth of Major Enterprises - Retail sales for apparel, shoes, and textiles from major enterprises are expected to increase by 10.4% year-on-year in early 2026, indicating a strong recovery in consumer demand [24]. Online Retail Growth - Online retail sales for clothing categories are anticipated to grow by 18.0%, reflecting a robust shift towards e-commerce in the apparel sector [27]. Key Company Valuations and Financial Analysis - The report includes detailed financial projections for key companies, with several firms expected to see improvements in earnings per share (EPS) and return on equity (ROE) in 2026, indicating a favorable investment environment [4].

Group 1 - The article discusses a fire incident at a wholly-owned subsidiary of Kaitian New Materials, which has been ordered to suspend production [1] - The article mentions the subscription of new shares for companies such as Puang Medical and Zuxing New Materials listed on the Beijing Stock Exchange [1] - It provides a list of convertible bonds, including their current prices, redemption prices, last trading dates, and conversion values [4][5][7] Group 2 - The article highlights that Yongji Co., the controlling shareholder, plans to reduce its stake by no more than 2% [5] - It notes that Lidong New Materials intends to invest 280 million yuan to expand its battery aluminum foil project [5] - The article states that the Zhongte convertible bond will not undergo a reset [5]

Investment Rating - The industry investment rating is "Positive" and maintained [10] Core Viewpoints - The overall demand for sports footwear and apparel remains weak, with no clear turning point observed in January orders. Retail performance in the US and UK shows some resilience, while demand in continental Europe and Japan remains weak. Growth is primarily driven by high-end consumption, with mass apparel recovery expected to take more time. Export performance is improving in Vietnam, while China's export remains under pressure [2][6][24] - The upstream manufacturing sector shows strong performance certainty, with retail sales of apparel brands improving. The US Supreme Court's rejection of Trump's tariff policy is favorable for the manufacturing sector. The performance of upstream manufacturing is expected to be more certain in the first half of 2026, while the downstream sports supply chain is on a recovery path. Retail sales growth for apparel brands in January and February is promising, and sentiment in the sector is likely to improve [7][32] Summary by Sections Manufacturing Performance - In January, the revenue growth for major footwear manufacturers varied: Yuanyuan Group's revenue increased by 0.6% year-on-year, while Fengtai's revenue decreased by 1.8%, Zhijiang International's by 3.3%, and Yuchi-KY's by 5.1%. For apparel manufacturers, Ruhong's revenue grew by 7.6%, while Juyang's revenue fell by 19.2% [5][17] Demand Analysis - Retail demand in January showed resilience in the US and UK, with the US maintaining low positive growth and the UK showing relative stability. France's retail remains near zero growth, Germany shows some recovery, while Japan's growth is significantly weakening. The US consumer confidence index continues to decline, indicating that growth is mainly supported by high-end consumption, with mass apparel consumption recovery lagging [6][24][27] Upstream and Downstream Insights - The manufacturing sector is expected to recover in 2026, with strong performance certainty driven by rising material prices. Recommended stocks include Xin'ao Co. and others with strong earnings potential. The A-share market is expected to see continued destocking in 2025, with a potential for profit optimization in 2026. Recommended stocks include Mercury Home Textiles and others focusing on high-end apparel [32][33]

| 证券代码：000726、200726 | 证券简称：鲁泰A、鲁泰B | 公告编号：2026-010 | | --- | --- | --- | | 债券代码：127016 | 债券简称：鲁泰转债 | | 鲁泰纺织股份有限公司 关于鲁泰转债即将到期及停止交易的第三次提示性公告 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。 特别提示： 2."鲁泰转债"到期兑付价格：111元人民币/张（含税及最后一期利息） 1."鲁泰转债"到期日和兑付登记日：2026 年 4 月 8 日 3."鲁泰转债"最后交易日：2026 年 4 月 2 日 4."鲁泰转债"停止交易日：2026 年 4 月 3 日 5."鲁泰转债"最后转股日：2026 年 4 月 8 日 6.截至 2026 年 4 月 8 日收市后仍未转股的"鲁泰转债"将被强制赎回；本次 赎回完成后，"鲁泰转债"将在深圳证券交易所摘牌。特此提醒"鲁泰转债"持有人 注意在转股期内转股。 7.在停止交易后、转股期结束前（即 2026 年 4 月 3 日至 2026 年 4 月 8 日）， "鲁泰转债"持有人仍可以依据约定的条 ...

证券代码：000726 200726 证券简称：鲁泰A、鲁泰B 公告编号：2026-009 债券代码：127016 债券简称：鲁泰转债 鲁泰纺织股份有限公司 关于鲁泰转债即将到期及停止交易的第二次提示性公告 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。 特别提示： 1."鲁泰转债"到期日和兑付登记日：2026 年 4 月 8 日 2."鲁泰转债"到期兑付价格：111元人民币/张（含税及最后一期利息） 3."鲁泰转债"最后交易日：2026 年 4 月 2 日 4."鲁泰转债"停止交易日：2026 年 4 月 3 日 5."鲁泰转债"最后转股日：2026 年 4 月 8 日 6.截至 2026 年 4 月 8 日收市后仍未转股的"鲁泰转债"将被强制赎回； 本 次赎回完成后，"鲁泰转债"将在深圳证券交易所摘牌。特此提醒"鲁泰转债" 持有 人注意在转股期内转股。 7.在停止交易后、转股期结束前（即 2026 年 4 月 3 日至 2026 年 4 月 8 日）， "鲁泰转债"持有人仍可以依据约定的条件，将"鲁泰转债"转换为公司股票，目前 转股价格为8.39元/股。 ...

证券代码：000726 200726 证券简称：鲁泰A、鲁泰B 公告编号：2026-008 债券代码：127016 债券简称：鲁泰转债 鲁泰纺织股份有限公司 关于鲁泰转债即将到期及停止交易的第一次提示性公告 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。 4."鲁泰转债"停止交易日：2026 年 4 月 3 日 5."鲁泰转债"最后转股日：2026 年 4 月 8 日 6.截至 2026 年 4 月 8 日收市后仍未转股的"鲁泰转债"将被强制赎回； 本 次赎回完成后，"鲁泰转债"将在深圳证券交易所摘牌。特此提醒"鲁泰转债" 持有 人注意在转股期内转股。 7.在停止交易后、转股期结束前（即 2026 年 4 月 3 日至 2026 年 4 月 8 日）， "鲁泰转债"持有人仍可以依据约定的条件，将"鲁泰转债"转换为公司股票，目前 转股价格为8.39元/股。 一、可转换公司债券上市概况 （一）可转换公司债券发行情况 特别提示： 1."鲁泰转债"到期日和兑付登记日：2026 年 4 月 8 日 2."鲁泰转债"到期兑付价格：111元人民币/张（含税及最后一期利息） ...

Group 1 - The company is addressing investor concerns regarding the upcoming maturity of 1.4 billion yuan in convertible bonds, emphasizing its commitment to managing this important matter [1] - The company reports stable production and operations, with healthy operating cash flow, and as of the end of Q3 2025, it has approximately 3.28 billion yuan in cash and trading financial assets [1] - The company assures that it has the capability to meet the repayment obligations if the convertible bonds cannot be fully converted upon maturity [1]

Investment Rating - The report assigns a positive outlook for the company, indicating a potential for growth in 2026 despite challenges in 2025 [1][3]. Core Insights - The company expects a significant increase in net profit for 2025, projected between 570 million to 630 million yuan, representing a year-on-year growth of 38.92% to 53.54%. However, the net profit excluding non-recurring items is expected to decline by 10.85% to 23.29% [1][2]. - The strategic partnership with MF France and FR Japan, which involves the transfer of 46.12% equity in Tianqin International, is anticipated to enhance the company's operational capabilities and market reach [1][2]. - The company is optimistic about its core business performance in 2026, with expectations of improved operational profits driven by a stable macroeconomic environment and increased production capacity from its Vietnam project [3]. Financial Performance Summary - For 2025, the company is projected to have total revenue of 5,978 million yuan, a slight decrease of 1.8% year-on-year, while net profit is expected to rise to 612 million yuan, a 49.1% increase [4]. - The earnings per share (EPS) for 2025 is forecasted at 0.75 yuan, with a price-to-earnings (P/E) ratio of 9.96 [4]. - The company anticipates a gradual recovery in revenue and profit margins in 2026, with total revenue expected to reach 6,579 million yuan, reflecting a growth rate of 10.1% [4].

Investment Rating - The report assigns a positive outlook for the company, indicating a potential for growth in 2026 despite challenges in 2025 [1]. Core Insights - The company expects a significant increase in net profit for 2025, projected between 570 million to 630 million yuan, representing a year-on-year growth of 38.92% to 53.54%. However, the net profit excluding non-recurring items is expected to decline by 10.85% to 23.29% [1][2]. - The strategic partnership with MF France and FR Japan, which involves the transfer of 46.12% equity in Tianqin International, is anticipated to enhance the company's operational capabilities and market reach [1][2]. - The company is optimistic about its core business performance in 2026, with expectations of improved operational profits driven by the recovery of overseas orders and increased production capacity from its Vietnam project [3]. Financial Performance Summary - For 2025, the company is projected to have total revenue of 5,978 million yuan, a slight decrease of 1.8% year-on-year, while net profit is expected to rise to 612 million yuan, a 49.1% increase [4]. - The earnings per share (EPS) for 2025 is forecasted at 0.75 yuan, with a price-to-earnings (P/E) ratio of 9.96 [4]. - The company anticipates a gradual recovery in revenue and profit margins in 2026, with total revenue expected to reach 6,579 million yuan and net profit at 606 million yuan [4].