证券代码：000726 200726 证券简称：鲁泰A、鲁泰B 公告编号：2025-026 债券代码：127016 债券简称：鲁泰转债 鲁泰纺织股份有限公司 2024年年度股东大会决议公告 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。 特别提示： 1.本次股东大会未出现否决提案的情形。 2.本次股东大会不涉及变更以往股东大会已通过的决议。 一、会议召开和出席情况 （一）会议召开情况 1、会议召开时间： （1）现场会议时间：2025 年 5 月 7 日（星期三）下午 14：00 时。 （2） 网络投票时间：交易系统投票时间：2025 年 5 月 7 日上午 9:15 至 9:25， 9:30 至 11:30，下午 13:00 至 15:00；互联网投票系统开始投票的时间为 2025 年 5 月 7 日上午 9:15，结束时间为 2025 年 5 月 7 日下午 15:00。 2、现场会议地点：鲁泰纺织股份有限公司般阳山庄会议室。 3、召开方式：现场投票与网络投票相结合的方式。 4、召集人：公司董事会。 5、主持人：董事长刘子斌先生。 6、会议的召开符合《公司法 ...

法律意见书 德和衡证见意见（2025）第00049号 BEIJING DHH LAW FIRM 地址：山东省青岛市香港中路 2 号海航万邦中心 1 号楼 50 层 1 电话：0532-83899607 北京德和衡（青岛）律师事务所 关于鲁泰纺织股份有限公司 2024 年年度股东大会的 北京德和衡（青岛）律师事务所 关于鲁泰纺织股份有限公司 2024年年度股东大会的 法律意见书 德和衡证见意见（2025）第 00049 号 致：鲁泰纺织股份有限公司 北京德和衡（青岛）律师事务所（以下简称"本所"）接受鲁泰纺织股份有 限公司（以下简称"公司"）的委托，指派曹钧律师、包宇航律师（以下简称"本 所律师"）出席公司2024年年度股东大会（以下简称"本次股东大会"），并根 据《中华人民共和国公司法》《中华人民共和国证券法》等法律、法规和规范性 文件以及《鲁泰纺织股份有限公司章程》（以下简称《公司章程》）的规定，就 公司本次股东大会的召集、召开程序、召集人的资格、出席会议人员的资格及表 决程序、表决结果等有关事宜进行见证并出具本法律意见书。 本法律意见书仅就本次股东大会的召集和召开程序、会议召集人和出席会 议人员的资格、会 ...

Group 1: Financial Performance - The net profit attributable to shareholders, excluding non-recurring gains and losses, has declined primarily due to reduced investment income from industrial investment funds and increased asset impairment losses [2][3] - The increase in asset impairment losses is mainly attributed to inventory write-downs, with provisions made based on market conditions and a cautious approach [3] Group 2: Impact of External Factors - The impact of U.S. tariffs is limited as the company's overseas base has a low percentage of products exported to the U.S. Currently, the export regions are in a 90-day buffer period, and the company is monitoring tariff policy trends closely [3] - Fair value changes are primarily due to the measurement of equity investments and other financial assets at the end of the quarter [3] Group 3: Market Performance - Domestic sales revenue showed a slight decline compared to the same period last year, while markets in Europe, America, Japan, and South Korea achieved double-digit growth, and Southeast Asia saw single-digit growth [3] - In terms of recent order status, fabric orders in April were better than in May, with a slight slowdown in customer ordering pace for May. Garment orders are performing slightly better than fabric orders [3]

Investment Rating - The report maintains a "Buy" rating for the company, indicating an expected relative return of over 20% within the next six months [6]. Core Views - The company is expected to see profit contributions from new materials and high-end overseas fabrics by 2026, with recent investments in smart manufacturing and information management enhancing operational efficiency [3][4]. - The company reported a revenue of 1.5 billion yuan in Q1 2025, a year-on-year increase of 5%, and a net profit of 150 million yuan, up 117% year-on-year [1]. - The company is actively expanding its global marketing network, focusing on new markets and strategic customer relationships to enhance its competitive advantage [3]. Financial Performance Summary - For 2025, the company forecasts revenues of 6.4 billion yuan, with a net profit of 459.2 million yuan, reflecting a growth rate of 11.91% [4][5]. - The company's gross margin is projected to remain stable at 24% from 2025 onwards, with net profit margins improving gradually [5][11]. - The earnings per share (EPS) is expected to increase from 0.56 yuan in 2025 to 0.71 yuan by 2027 [4][5]. Operational Strategy - The company is implementing a performance management model to enhance production efficiency and quality control, thereby maintaining its competitive position in the cotton textile industry [2]. - The focus on lean production and cost control is expected to drive profitability and operational improvements [2][3]. Market Position - The company is leveraging its global industrial layout and vertical production chain advantages to strengthen relationships with strategic customers, aiming for a win-win development model [3]. - The report highlights the company's commitment to high-quality development and its response to market changes, which is crucial for sustaining its leading position in the textile industry [2][3].

Investment Rating - The report maintains a "Buy" rating for the company, indicating an expected relative return of over 20% within the next six months [6]. Core Views - The company is expected to see profit contributions from new materials and high-end overseas fabrics by 2026, with recent investments in smart manufacturing and information management enhancing operational efficiency [3][4]. - The company reported a revenue of 1.5 billion yuan in Q1 2025, a year-on-year increase of 5%, and a net profit of 150 million yuan, up 117% year-on-year [1]. Financial Performance - For 2025, the company forecasts revenues of 6.4 billion yuan, with net profits projected at 459.2 million yuan, reflecting an 11.91% growth compared to 2024 [4][5]. - The gross margin is expected to remain stable at 24%, with a net profit margin of 10% for Q1 2025, an increase of 5 percentage points year-on-year [1]. Operational Strategy - The company is enhancing its production methods through the LTPS (Lutai Production System) to improve cost efficiency and quality control [2]. - A global marketing network is being developed to expand market reach and strengthen relationships with strategic clients, focusing on leisure product development [3]. Financial Projections - The company’s earnings per share (EPS) are projected to increase from 0.56 yuan in 2025 to 0.71 yuan by 2027, with a price-to-earnings (P/E) ratio decreasing from 11x to 9x over the same period [4][5]. - The total revenue is expected to grow from 6.4 billion yuan in 2025 to 7.8 billion yuan by 2027, with a compound annual growth rate (CAGR) of approximately 10% [5].

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、 ...