Operating Performance - Company achieved total revenue of 1.453 billion yuan in Q1 2025, a year-on-year increase of 5.06% [1] - Net profit attributable to shareholders reached 148 million yuan, a significant year-on-year growth of 117.46% [1] - However, the non-recurring net profit was 88.659 million yuan, showing a year-on-year decline of 27.63% [1] Key Financial Indicators - Accounts receivable stood at 806 million yuan, representing 196.44% of the latest annual net profit, indicating a substantial risk in receivables collection [3] - Cash and cash equivalents amounted to 2.314 billion yuan, a year-on-year increase of 29.77%, reflecting a healthy cash position [3] - Interest-bearing debt was 2.738 billion yuan, a decrease of 7.72% compared to the same period last year, indicating effective debt control [4] Dividends and Financing - Since its listing, the company has raised a total of 1.864 billion yuan and distributed a total of 5.519 billion yuan in dividends, resulting in a dividend-to-financing ratio of 2.96 [5] - The estimated dividend yield is 5.11%, showcasing the company's generous dividend policy [5] Summary - Company demonstrated strong performance in Q1 2025, particularly in net profit and earnings per share growth [6] - Attention is needed on accounts receivable collection to ensure future financial health [6] Profitability Metrics - Gross margin was 23.5%, a decrease of 0.04 percentage points year-on-year [7] - Net margin was 10.24%, reflecting a year-on-year increase of 100.31% [7] - Operating expenses accounted for 8.21% of revenue, a decrease of 2.54 percentage points year-on-year [7] - Book value per share was 11.65 yuan, a year-on-year increase of 3.51% [7] - Operating cash flow per share was 0.13 yuan, a year-on-year increase of 14.86% [7] - Earnings per share was 0.18 yuan, a year-on-year increase of 125.00% [7]

Financial Performance - The company's revenue for Q1 2025 was CNY 1,452,670,259.98, representing a 5.06% increase compared to CNY 1,382,655,063.47 in the same period last year[5]. - Net profit attributable to shareholders increased by 117.46% to CNY 148,397,559.52 from CNY 68,241,726.33 year-on-year[5]. - Basic earnings per share rose by 125.00% to CNY 0.18, while diluted earnings per share increased by 112.50% to CNY 0.17[5]. - Net profit for the current period was ¥148,785,362.54, representing a significant increase of 109.83% from ¥70,695,847.98 in the previous period[18]. - Basic earnings per share rose to ¥0.18, compared to ¥0.08 in the previous period, indicating a 125% increase[18]. Cash Flow - The net cash flow from operating activities was CNY 107,254,959.43, up 14.84% from CNY 93,395,090.36 in the previous year[5]. - Operating cash flow net amount for the current period is ¥107,254,959.43, an increase of 14.4% from ¥93,395,090.36 in the previous period[19]. - Cash inflow from sales of goods and services reached ¥1,421,375,672.74, compared to ¥1,328,838,566.22 in the previous period, reflecting a growth of 6.9%[19]. - Total cash outflow from operating activities was ¥1,348,586,015.29, an increase from ¥1,268,589,534.96 in the previous period[19]. - Cash inflow from recovering investments was ¥1,219,876,557.02, a substantial increase from ¥235,961,000.00 in the previous period[19]. - Cash inflow from investment activities totaled ¥1,392,457,478.63, significantly up from ¥287,719,913.60 in the previous period[19]. - Cash flow from financing activities resulted in a net outflow of ¥69,755,029.20, compared to a net inflow of ¥480,764,327.84 in the previous period[19]. - The net increase in cash and cash equivalents for the current period is ¥159,888,926.28, reversing a decrease of ¥28,232,691.62 in the previous period[20]. - The ending balance of cash and cash equivalents is ¥1,513,246,941.03, up from ¥1,325,382,614.31 in the previous period[20]. - Cash inflow from investment activities totaled ¥1,392,457,478.63, significantly up from ¥287,719,913.60 in the previous period[19]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 13,887,769,758.05, a slight decrease of 0.30% from CNY 13,929,715,649.21 at the end of the previous year[5]. - Total current assets increased to ¥6,206,989,870.40 from ¥6,011,066,265.95, marking a growth of 3.25%[13]. - Total non-current assets decreased to ¥7,680,779,887.65 from ¥7,918,649,383.26, a decline of 3.00%[14]. - Total liabilities decreased to ¥3,913,461,926.48 from ¥4,108,147,805.01, reflecting a reduction of 4.75%[14]. - Total equity increased to ¥9,974,307,831.57 from ¥9,821,567,844.20, showing a growth of 1.55%[15]. - Shareholders' equity attributable to shareholders increased by 1.61% to CNY 9,591,080,573.63 from CNY 9,438,728,389.28[5]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 47,219[10]. - The largest shareholder, Zibo Lucheng Textile Investment Co., Ltd., holds 17.17% of the shares, totaling 140,353,583 shares[10]. Other Income - Non-recurring gains and losses totaled CNY 59,738,583.91, primarily due to government subsidies and other income[6]. - The company reported a significant increase in investment income, which rose to ¥4,286,503.15 from ¥23,510,003.30 in the previous period[18]. Exchange Rate Impact - The impact of exchange rate changes on cash and cash equivalents was a positive ¥29,271,314.20, compared to a negative impact of ¥1,584,581.28 in the previous period[20]. Return on Equity - The company reported a weighted average return on equity of 1.56%, an increase of 0.82% compared to the previous year[5].

Group 1 - The core point of the article is that Lutai A reported a revenue of 1.453 billion yuan in the first quarter of 2025, representing a year-on-year growth of 5.06% [1] - The net profit for the same period was 148 million yuan, showing a significant year-on-year increase of 117.46% [1]

证券代码：000726、200726 证券简称：鲁泰A、鲁泰B 公告编号：2025-023 债券代码：127016 债券简称：鲁泰转债 鲁泰纺织股份有限公司 第十届董事会第三十二次会议决议公告 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。 一、董事会会议召开情况 鲁泰纺织股份有限公司（以下简称"公司"）第十届董事会第三十二次会议 通知于 2025 年 4 月 28 日以电子邮件方式发出，会议于 2025 年 4 月 28 日 15： 30 在总公司一楼会议室召开，本次会议召开方式为现场与通讯表决。本次会议 由公司董事长刘子斌先生主持，应出席董事 12 人，实际出席董事 12 人：其中现 场出席 5 人，通讯表决 7 人，董事许植楠、许健绿、郑会胜、独立董事周志济、 彭燕丽、曲冬梅、权玉华以通讯方式表决。公司监事及部分高管列席了本次会议。 公司会议通知及召开程序符合《中华人民共和国公司法》、《鲁泰纺织股份有限 公司章程》等有关规定，会议决议合法有效。 二、董事会会议审议情况 本次会议审议通过了以下议案： 1、审议通过了《关于豁免第十届董事会第三十二次会议通知时 ...

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。经深圳证券交易所（以下简称"深交所"）"深证 上【2020】360 号"文同意，公司 14.00 亿元可转换公司债券于 2020 年 5 月 13 日起在深交所挂牌交易，债券简称"鲁泰转债"，债券代码"127016"，转股期 限 2020 年 10 月 15 日至 2026 年 4 月 8 日。 经多次转股价格调整，目前转股价格为 8.59 元/股。各次转股价格调整详见 公司分别于 2020 年 7 月 2 日、2021 年 6 月 4 日、2021 年 6 月 10 日、2022 年 3 月 18 日、2022 年 6 月 16 日、2023 年 5 月 26 日、2023 年 6 月 9 日、2024 年 3 月 2 日、2024 年 6 月 12 日、 ...

证券代码：000726 200726 证券简称：鲁泰A 鲁泰B 鲁泰转债：127016 3.董事长你好，公司有做市值管理么？股价长期低于净 资产，如何维护小股东利益 答:尊敬的投资者您好！公司已于2025年3月1日披露了估 值提升计划。公司将努力提升经营质量，提高资产运营效 率，增厚经营业绩，改善公司二级市场价格长期低估的现 状，维护其价格合理波动，以保护中小投资者利益。感谢您 的关注。 | 投资者关系活动类别 | ☐特定对象调研 ☐分析师会议 | | --- | --- | | | ☐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） | | 参与单位名称及人员姓名 | 线上参与公司2024年度业绩说明会的全体投资者 | | 时间 | 2025年04月22日 15:00-16:00 | | 地点 | 价值在线（https://www.ir-online.cn/）网络互动 | | 上市公司接待人员姓名 | 董事长、总裁 刘子斌先生 | | | 董事、总会计师 张克明先生 | | | 独立董事 周志济先生 | | | 董事会秘书 郑 ...

| 股票代码：000726、200726 | 股票简称：鲁泰A、鲁泰B | 公告编号：2025-022 | | --- | --- | --- | | 债券代码：127016 | 债券简称：鲁泰转债 | | 公司及董事会全体成员保证公告内容的真实、准确和完整，对公告的虚假记载、误导性 陈述或者重大遗漏负连带责任。 特别提示： 1、证券代码：000726，证券简称：鲁泰 A 2、债券代码：127016，债券简称：鲁泰转债 3、转股价格：8.59 元/股 4、转股期限：2020 年 10 月 15 日至 2026 年 4 月 8 日 5、根据《鲁泰纺织股份有限公司公开发行 A 股可转换公司债券募集说明书》 （以下简称"《募集说明书》"）的约定，在本次发行的可转债存续期间，当公司 A 股股票在任何连续三十个交易日中至少有二十个交易日的收盘价低于当期转 股价格的 80%时，公司董事会有权提出转股价格向下修正方案并提交公司股东大 会审议表决。自 2025 年 3 月 31 日起至 2025 年 4 月 18 日，公司股票已有 14 个 交易日的收盘价低于当期转股价格的 80%，预计可能触发转股价格向下修正条件。 若触发 ...

鲁泰纺织股份有限公司 证券代码：000726、200726 证券简称：鲁泰A、鲁泰B 公告编号：2025-021 债券代码：127016 债券简称：鲁泰转债 关于举办2024年度业绩说明会的公告 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。 重要内容提示： 1、会议召开时间：2025 年 4 月 22 日（星期二）15:00-16:00 2、会议召开方式：网络互动方式 3、会议召开地点：价值在线（www.ir-online.cn） 4、会议问题征集：投资者可于 2025 年 4 月 21 日 12：00 前访问网址 https://eseb.cn/1nsxw7XWxgs 或使用微信扫描下方小程序码进行会前提问，公司将通过 本次业绩说明会，在信息披露允许范围内就投资者普遍关注的问题进行回答。 鲁泰纺织股份有限公司（以下简称"公司"）已于 2025 年 4 月 10 日在巨潮资讯网 上披露了《2024 年年度报告》及《2024 年年度报告摘要》。为便于广大投资者更加全 面深入地了解公司经营业绩、发展战略等情况，公司定于 2025 年 4 月 22 日（星期二） ...

Investment Rating - The investment rating for the company is "Buy" with a target price set for the next six months [6][19]. Core Views - The company reported a revenue of 1.7 billion in Q4 2024, a year-on-year increase of 4%, and a net profit attributable to the parent company of 120 million, up 79% year-on-year [1]. - The company plans to distribute a cash dividend of 1.00 yuan per 10 shares, resulting in a payout ratio of 59.03% [1]. - The overall performance for 2024 is in line with expectations, driven by effective cost control and a reduction in non-operating losses [1]. Revenue and Profitability - For 2024, the company expects a total revenue of 6.1 billion, a 2% increase year-on-year, and a net profit of 410 million, also up 2% year-on-year [1]. - The gross margin for 2024 is projected to be 23.76%, an increase of 1 percentage point year-on-year, primarily due to improved capacity utilization in fabric production [3]. Business Segmentation - In terms of business segments, fabric revenue is expected to be 4.3 billion, accounting for 71% of total revenue, with a year-on-year increase of 3% [2]. - The company has seen a 10% year-on-year increase in inventory for fabrics within one year, indicating a rise in orders from new clothing clients [4]. Capacity and Utilization - The total fabric production capacity for 2024 is projected to be 28,400 meters, with a capacity utilization rate of 79%, up 5 percentage points year-on-year [2]. - The company has increased its production capacity in Southeast Asia, which is expected to enhance its international operational advantages [2]. Financial Forecast - The company has adjusted its profit forecast for 2025-2027, expecting net profits of 460 million, 520 million, and 580 million respectively, with corresponding EPS of 0.56, 0.64, and 0.71 yuan [5].

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