000726 Lu Thai Textile
- 6.63
- +0.34+5.41%
Lu Thai Textile News
Lutai Textile: No downward revision of the “Lutai Bond-to-Bond” conversion price
Lutai Textile Co., Ltd. announced that within six months from the 22nd meeting of the 10th board of directors (that is, May 28, 2024 to November 27, 2024), it will not propose a correction plan even if it triggers downward revision conditions for the “Lutai Bond Transfer” share conversion price.
Zhitong A Share Sale Restriction Release List|May 17
According to the Zhitong Finance App, the ban on restricted shares of 13 listed companies was lifted on May 17, with a total market value of about 20.077 billion yuan. Today's specific sales restrictions and unbanned shares are as follows: Stock abbreviation, stock code, restricted stock type, number of unbanned shares Shenzhen Sanda A000032, original shareholders placed 493 million, Lutai A000726 share incentives, 6.795 million, Guohai Securities 000750 issued additional A shares, original shareholders placed 352 million, Nasda002180 equity incentives, restricted circulation 1,154 million Jiujiang Biotech 300406 share incentives to limit sales and circulation 4076 million
Lu Tai A (000726): The deduction of non-net profit in 1Q24 is in line with expectations and is expected to recover in 24
Net profit attributable to mother of 1Q24 was lower than our expectations. Net profit after deduction was in line with our expectations. The company announced 1Q24 results: revenue of 1.38 billion yuan, +0.3% year-on-year; net profit to mother of 68.24 million yuan, year-on-year
Lu Tai A (000726): Gross margin increased in the first quarter after deducting a 139% increase in non-net profit
Revenue remained flat in the first quarter, with significant improvements in gross margin and expense ratios, but non-recurring profit and loss dragged down net profit due to mother. The company is a global leader in the manufacture of yarn-dyed fabrics, and its main products are woven fabrics and shirts. Orders gradually improved as overseas brands came to an end of inventory removal
Lu Tai A (000726.SZ): Net profit of 68.24 million yuan in the first quarter decreased by 28.74% year-on-year
Gelonghui, April 26 | Lu Tai A (000726.SZ) released its first quarter report. Operating revenue was 1.38 billion yuan, up 0.32% year on year, net profit of 68.24 million yuan, down 28.74% year on year, after deducting 120 million yuan in non-net profit, up 138.65% year on year, with basic earnings of 0.08 yuan per share.
Lutai A (000726.SZ): Produces everyday clothing fabrics, no special functional fabric products
Gelonghui, April 23丨An investor asked Lu Tai A (000726.SZ) on the investor interactive platform, “Can the company's various fabrics and functional fabrics be used on aerospace drone pilot suits?” The company replied that the company produces everyday clothing fabrics and has no special functional fabric products.
Lu Tai A (000726): Short-term performance is under pressure and we expect performance improvements in 24 years
Core view: The company released its 23-year financial report: in '23, the company achieved revenue of 5.96 billion yuan, a decrease of 14.1%; net profit to mother was 40 billion yuan, a decrease of 58.1%. 23Q4 The company achieved revenue of 16.2 in a single quarter
Pacific released a research report on April 18 stating that Lutai A (000726.SZ) was given a purchase rating. The main reasons for the rating include: 1) fabrics/clothing revenue was -17.8%/-2.2%, and domestic/export sales were +0.7%/-21.5% year-on-year, r
Pacific released a research report on April 18 stating that Lutai A (000726.SZ) was given a purchase rating. The main reasons for the rating include: 1) fabrics/clothing revenue was -17.8%/-2.2%, and domestic/export sales were +0.7%/-21.5% year-on-year, respectively; 2) 24-year order repair led to an increase in capacity utilization, and profitability is expected to recover. (Mainichi Keizai Shimbun)
Lu Tai A (000726.SZ): Currently holds about 3.91 million shares of Rongchang Biotech, and there are no plans to reduce its holdings
Gelonghui, April 17 | Lu Tai A (000726.SZ) said on the investor interactive platform that the company currently holds about 3.91 million shares of Rongchang Biotech and has no plans to reduce its holdings. The fund jointly set up by the company and Haojun Investment has an investment of about 50 million yuan.
Lu Tai A (000726.SZ): There are no radiation-resistant fabrics among the company's clothing fabrics
Gelonghui, April 17 | Lu Tai A (000726.SZ) said on the investor interactive platform that there are no radiation-resistant fabrics among the company's clothing fabrics.
Lu Tai A (000726): The decline in revenue in 23Q4 narrows, and we expect the 24-year order inflection point to bring about a recovery in performance
Incident: The company recently released its 2023 annual report. 2023 revenue of 5.96 billion yuan/YoY -14.1%, net profit attributable to mother 403 million yuan/YoY -58.1%, net profit not attributable to mother 386 million yuan/
Tianfeng Securities released a research report on April 15 stating that it gave Lutai A (000726.SZ) a purchase rating. The main reasons for the rating include: 1) the company publishes its 2023 annual report; 2) comprehensively strengthening customer rela
Tianfeng Securities released a research report on April 15 stating that it gave Lutai A (000726.SZ) a purchase rating. The main reasons for the rating include: 1) the company publishes its 2023 annual report; 2) comprehensively strengthening customer relationships to improve business quality and operating performance; 3) further advancing the two major strategies to improve delivery capacity and operational efficiency; 4) continuously improving innovation capabilities and consolidating and expanding competitive advantage; 5) the company's convertible bond raising project is under construction, with a production capacity of 10 million meters. (Mainichi Keizai Shimbun)
Lu Tai A (000726): Continuously improving delivery capabilities, operational efficiency and innovation capabilities
The company released its 2023 annual report of 23Q4 revenue of 1,618 million yuan, a decrease of 6.6%; net profit to mother of 68 million yuan, a decrease of 74.5%; deducted 83 million yuan from non-return mother, a decrease of 22.7%. 23 year income 59
Lu Tai A (000726): Revenue fell 14% in 2023, gross margin increased sequentially in the second half of the year
Revenue fell 14% in 2023, and declining gross margin, exchange earnings, and fair value change earnings dragged down net profit. The company is a global leader in the manufacture of yarn-dyed fabrics, and its main products are woven fabrics and shirts. Affected by overseas brand inventory removal, 2023
Lu Tai A (000726) 2023 Annual Report Review: Weak external demand in '23 put pressure on performance and expected gradual restoration of profitability in '24
Influenced by multiple factors such as weak external demand in '23, revenue and net profit to mother fell 14% and 58% year on year. Lutai A released its 2023 annual report. The company achieved revenue of 5.961 billion yuan in 2023, a year-on-year decline of 14.
Lu Tai A (000726.SZ): Net profit for 2023 will drop 58.14% to 403 million yuan, and plans to reduce 10 to 1.3 yuan
Gelonghui, April 11 | Lu Tai A (000726.SZ) announced its 2023 annual report. In 2023, the company achieved operating income of 5.961 billion yuan, a year-on-year decrease of 14.08%; net profit attributable to shareholders of listed companies was 403 million yuan, a year-on-year decrease of 58.14%; net profit attributable to shareholders of listed companies after deducting non-recurring profit and loss was 386 million yuan, a year-on-year decrease of 51.46%; basic income per share was 0.47 yuan; it is planned to distribute a cash dividend of 1.30 yuan (tax included) to all shareholders for every 10 shares.
Lutai A (000726.SZ): Up to now, it has 6 production sites in Southeast Asia
Gelonghui, March 18 | Lu Tai A (000726.SZ) said on the investor interactive platform that in order to respond to the “Belt and Road” strategy and improve the ability to integrate resources and serve customers, the company has successively invested in the construction of production bases in countries along the Belt and Road since 2014. Up to now, it has 6 production bases in Southeast Asia, which has effectively enhanced its ability to provide quality services to customers around the world. Thank you for your interest.
Lutai A (000726.SZ) is currently actively studying AI-related technology and the application of AI technology in business scenarios such as intelligent cloth inspection
Gelonghui, March 18 | Lu Tai A (000726.SZ) said on the investor interactive platform that the company has adopted and thoroughly applied new productivity in fields such as artificial intelligence for tube yarn dyeing, digitization of textile fabric colors, intelligent sharing of 5G parks, and intelligent production of advanced clothing customization. The company is currently actively studying AI-related technology and the application of AI technology in business scenarios such as intelligent inspection.
Lutai A (000726.SZ): Set up four hanging production lines to carry out strategic cooperation with Ali to achieve full process monitoring and tracking from order placement, accurate scheduling to production and shipment
Gelonghui, March 18 | An investor asked Lu Tai A (000726.SZ) on the investor interactive platform, “Tell me about the progress of the company's strategic cooperation projects with Ali and JD in the areas of intelligent manufacturing, big data, AI, etc.?” The company replied that the company has set up four hanging production lines to carry out strategic cooperation with Ali to monitor and track the entire process from order placement and accurate scheduling to production and shipment. Furthermore, the cooperation with Beijing-Tokyo-made is progressing smoothly. Through continuous communication, development, and experimentation, it is now possible to better grasp and meet the needs of JD consumers.
Lutai A (000726.SZ) is committed to developing into a global clothing solutions supplier with leading fabrics as the core
Gelonghui, March 18 | Lu Tai A (000726.SZ) said on the investor interactive platform that the company is committed to developing into a global clothing solution supplier with leading fabrics as the core, continuously improving innovation capabilities in new technology research and new product development, guided by the “dual carbon” goal, increasing investment in sustainable new product development, promoting industrial upgrading and sustainable industry development, and striving to achieve good business performance to return shareholders. The company has always attached importance to returns to investors. Over the years, it has actively given back to investors through various methods such as cash dividends and share repurchases and cancellations.
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