（文章来源：每日经济新闻） 每经AI快讯，有投资者在投资者互动平台提问：请问贵公司的功能性面料智慧生态园区项目（一期） 和鲁联项目是同一个项目吗？为什么叫鲁联项目？ 鲁泰Ａ（000726.SZ）11月25日在投资者互动平台表示，公司功能性面料项目（一期）的实施主体为公 司子公司山东鲁联新材料有限公司。 ...

Core Viewpoint - The company is focusing on enhancing its overseas high-end fabric product line and actively participating in domestic and international textile exhibitions to promote its quality products in various categories [1][3]. Group 1: Company Developments - The company is currently concentrating efforts on achieving production efficiency for its overseas high-end fabric product line [1]. - The company is actively participating in major textile exhibitions to promote its products, including formal wear, casual wear, women's clothing, functional fabrics, and knitted fabrics [1]. Group 2: Market Context - The textile industry has seen a general increase in stock prices, with the company’s net profit attributable to shareholders expected to rise by 74.6% in the first three quarters of 2025 [3]. - The company’s price-to-book ratio is currently at 0.6, significantly lower than the industry average of 1-2 [3]. - There is an improvement in orders for functional fabrics, and the company is benefiting from stable holdings by social security funds and central financial holdings [3].

Core Viewpoint - The company is focusing on enhancing the production efficiency of its high-end fabric product line overseas while actively participating in textile exhibitions to expand its customer base [1] Group 1 - The company is currently concentrating efforts on achieving production efficiency for its overseas high-end fabric product line [1] - The company is actively participating in major domestic and international textile fabric exhibitions to promote its quality products [1] - The company aims to gain recognition and cooperation from clients in various segments including formal wear, casual wear, women's clothing, functional fabrics, and knitted fabrics [1]

Core Viewpoint - The company is experiencing an improvement in order cycles for both clothing and fabric, which may lead to better financial performance in the future [1] Group 1: Order Cycles - The current clothing order cycle is approximately 2-3 months [1] - The fabric order cycle is around 1.5 months [1] Group 2: Financial Performance - The functional fabric project, operated by Luyuan Company, achieved a revenue of 88.05 million yuan in the first three quarters [1] - Despite an increase in order volume leading to improved capacity utilization, the company is still in a loss position due to previously low production levels [1] - As production increases, the company expects to further reduce losses [1]

Core Viewpoint - The company, Lutai A, currently does not have a home textile segment and is not involved in smart wearable products, focusing instead on expanding its market presence in Europe and South America while enhancing its functional fabric and leisure product development [1] Group 1 - The company is collaborating with various stakeholders to maintain stability and further explore international markets [1] - Future plans include strengthening the development of functional fabrics and leisure products [1] - The company aims to leverage its full industry chain advantages and international layout to provide one-stop "fabric and clothing" services, enhancing customer loyalty through joint development [1]

Core Viewpoint - The company is experiencing an improvement in order cycles for both clothing and fabric, indicating a potential recovery in demand and production efficiency [1] Summary by Categories Order Cycles - The current order cycle for clothing is 2-3 months, while the fabric order cycle is approximately 1.5 months [1] Financial Performance - The functional fabric project, operated by Luyuan Company, achieved a revenue of 88.05 million yuan in the first three quarters [1] - Despite an increase in capacity utilization due to improved orders, the company is still in a loss position due to previously low production levels, although losses are expected to decrease as production increases [1]

Group 1 - The company is experiencing accelerated capacity release in its overseas high-end fabric project and continues to reduce losses in its functional fabric project, with both expected to contribute profits by 2026 [1] - The current capacity utilization rate of the overseas high-end fabric project has improved, although specific figures were not disclosed [1] - The functional fabric project remains in a loss state, but further production increases are anticipated to reduce losses [1]

Group 1 - The core viewpoint of the article indicates that Lutai A (000726.SZ) is experiencing an improvement in order cycles, with clothing orders at 2-3 months and fabric orders at approximately 1.5 months [1] - The functional fabric project, operated by Lulian Company, achieved a revenue of 88.05 million yuan in the first three quarters, and while there is an increase in capacity utilization due to improved orders, the company is still in a loss position due to previously low production levels [1] - The company anticipates that as production increases, losses will further decrease, indicating a potential for improved financial performance in the future [1] Group 2 - An investor inquiry on the interactive platform asked whether the current order schedule covers Q1 2026 and if the proportion of orders from emerging markets has increased year-on-year [3] - The inquiry also sought updates on the progress of the Lulian new materials project and when it is expected to start contributing to revenue [3] - Additionally, the question addressed whether the shift in the industry from "cost competition" to "value competition" has led to increased orders for the company's functional fabrics, and if the non-recurring net profit for the full year of 2025 can achieve a quarter-on-quarter turnaround [3]

Group 1 - The company does not currently have a home textile segment and has not engaged in smart wearable products [2] - The company is maintaining stable cooperation with relevant parties and is further expanding into European and South American markets [2] - Future development will focus on functional fabrics and casual products, leveraging the full industry chain and international layout to provide one-stop "fabric clothing" services [2] Group 2 - The company aims to enhance joint development to increase customer stickiness and promote sustainable high-quality growth [2]

Core Viewpoint - The company, Lutai A (000726.SZ), currently does not have a home textile segment and is not involved in smart wearable products. It is focusing on expanding its market presence in Europe and South America while enhancing its product development in functional fabrics and leisure products [1]. Group 1 - The company is collaborating with relevant parties to maintain stability and further explore international markets [1]. - Future plans include strengthening the development of functional fabrics and leisure products [1]. - The company aims to leverage its full industry chain advantages and international layout to provide a one-stop service for "fabric clothing" [1]. Group 2 - The company intends to enhance joint development efforts to increase customer loyalty [1]. - The focus is on promoting sustainable high-quality development [1].