Report for the Third Quarter of 2014 of Luthai Textile Co., Ltd.
LUTHAI TEXTILE CO., LTD.
Report for the Third Quarter of 2014
October 2014
Report for the Third Quarter of 2014 of Luthai Textile Co., Ltd.
Section I. Important Reminders
The Board of Directors, the Supervisory Committee as well as all directors, supervisors and senior management
staff of Luthai Textile Co., Ltd. (hereinafter referred to as “the Company”) warrant that this report is factual,
accurate and complete without any false record, misleading statement or material omission. And they shall be
jointly and severally liable for that.
Liu Shizhen, company principal, Zhang Hongmei, chief of the accounting work, and Zhang Keming, chief of the
accounting organ (chief of accounting), hereby confirm that the Financial Report enclosed in this report is factual,
accurate and complete.
This report is prepared in both Chinese and English. Should there be any discrepancy between the two versions,
the Chinese version shall prevail.
Report for the Third Quarter of 2014 of Luthai Textile Co., Ltd.
Section II. Financial Highlights & Change of Shareholders
I. Major accounting data and financial indexes
Does the Company adjust retrospectively or restate accounting data of previous years due to change of the accounting policy or
correction of any accounting error?
□ Yes √ No
30 Sept. 2014 31 Dec. 2013 Increase/decrease (%)
Total assets (RMB Yuan) 8,256,492,624.12 8,411,948,561.49 -1.85%
Net assets attributable to shareholders
6,341,390,577.09 5,988,054,133.73 5.90%
of the Company (RMB Yuan)
YoY increase/decrease YoY
Jul.-Sept. 2014 Jan.-Sept. 2014
(%) increase/decrease (%)
Operating revenues (RMB Yuan) 1,459,299,125.04 -7.53% 4,573,525,706.66 -1.40%
Net profit attributable to shareholders of
233,259,629.65 -10.27% 710,139,886.58 5.03%
the Company (RMB Yuan)
Net profit attributable to shareholders of
the Company after extraordinary gains 195,503,531.60 -14.71% 671,500,090.12 7.58%
and losses (RMB Yuan)
Net cash flows from operating activities
-- -- 842,580,637.31 -6.18%
(RMB Yuan)
Basic EPS (RMB Yuan/share) 0.24 -14.29% 0.74 4.23%
Diluted EPS (RMB Yuan/share) 0.24 -14.29% 0.74 4.23%
Weighted average ROE (%) 3.47% -1.23% 11.26% -1.12%
Items and amounts of extraordinary gains and losses
√Applicable □Inapplicable
Unit: RMB Yuan
Amount as of Jan.-Sept.
Item Note
Gains/losses on the disposal of non-current assets (including the offset part of asset
-169,682.02
impairment provisions)
Government grants recognized in the current period, except for those acquired in the
ordinary course of business or granted at certain quotas or amounts according to the 52,325,487.57
country’s unified standards
Gains and losses on change in fair value from tradable financial assets and tradable
financial liabilities, as well as investment income from disposal of tradable financial
-3,193,498.27
assets and tradable financial liabilities and financial assets available for sales, except for
effective hedging related with normal businesses of the Company
Report for the Third Quarter of 2014 of Luthai Textile Co., Ltd.
Non-operating incomes and expenses other than the above 2,256,212.58
Less: Income tax effects 12,152,676.48
Minority interests effects (after tax) 426,046.92
Total 38,639,796.46 --
Explain the reasons if the Company classifies an item as an extraordinary gain/loss according to the definition in the Explanatory
Announcement No. 1 on Information Disclosure for Companies Offering Their Securities to the Public—Extraordinary Gains and
Losses, or classifies any extraordinary gain/loss item mentioned in the said explanatory announcement as a recurrent gain/loss item
□ Applicable √ Inapplicable
There was no such situation of the Company during the reporting period.
II. Total number of shareholders and shareholdings of the top ten shareholders at the
period-end
1. Total number of common shareholders and shareholdings of the top ten common shareholders at the
period-end
Unit: share
Total number of common
85,803
shareholders at the period-end
Shareholdings of the top ten common shareholders
Shareholdi Pledged or frozen
Number of Number of
Nature of ng shares
Name of shareholder the shares restricted shares
shareholder percentage Status of Number of
held held
(%) shares shares
Domestic
Zibo Lucheng Textile Investment Co., Ltd. non-state-owned 14.69% 140,353,583 Pledged 22,727,200
corporation
Foreign
Tailun Textile Co., Ltd. 12.37% 118,232,400 118,232,400
corporation
DBS VICKERS (HONG KONG) LTDA/C Foreign
3.47% 33,158,567
CLIENTS corporation
Foreign
LYNAS ASIA FUND 1.82% 17,364,475
corporation
VALUE PARTNERS HIGH-DIVIDEND Foreign
1.72% 16,411,865
STOCKS FUNDS corporation
Domestic
Zibo Lucheng Textile Investment Co., Ltd. non-state-owned 0.85% 8,156,383
corporation
GUOTAI JUNAN Foreign 0.80% 7,621,346
Report for the Third Quarter of 2014 of Luthai Textile Co., Ltd.
SECURITIES(HONGKONG) LIMITED corporation
Foreign
First State China A share fund 0.79% 7,563,611
corporation
HTHK-MANULIFE CHINA VALUE Foreign
0.72% 6,858,138
FUND corporation
BILL & MELINDA GATES Foreign
0.60% 5,732,809
FOUNDATION TRUST corporation
Shareholdings of the top ten non-restricted common shareholders
Number of Type of shares
non-restricted
Name of shareholder common shares
Type Number
held at the
period-end
RMB ordinary
Zibo Lucheng Textile Investment Co., Ltd. 140,353,583 140,353,583
share
Domestically
DBS VICKERS (HONG KONG) LTD A/C CLIENTS 33,158,567 listed foreign 33,158,567
share
Domestically
LYNAS ASIA FUND 17,364,475 listed foreign 17,364,475
share
Domestically
VALUE PARTNERS HIGH-DIVIDEND STOCKS FUNDS 16,411,865 listed foreign 16,411,865
share
Domestically
VALUE PARTNERS CLASSIC FUND 8,156,383 listed foreign 8,156,383
share
Domestically
GUOTAI JUNAN SECURITIES(HONGKONG) LIMITED 7,621,346 listed foreign 7,621,346
share
RMB ordinary
First State China A Share Fund 7,563,611 7,563,611
share
Domestically
HTHK-MANULIFE CHINA VALUE FUND 6,858,138 listed foreign 6,858,138
share
RMB ordinary
BILL & MELINDA GATES FOUNDATION TRUST 5,732,809 5,732,809
share
RMB ordinary
Pichon China A Share Investment Fund 5,586,151 5,586,151
share
Explanations about associated relationship or concerted action among the Zibo Lucheng Textile Investment Co., Ltd. is the
Report for the Third Quarter of 2014 of Luthai Textile Co., Ltd.
above shareholders largest shareholder of the Company and the actual
controller. Tailun (Thailand) Textile Co., Ltd. is the
second largest shareholder as well as sponsor of
foreign capital of the Company. All of other
shareholders are people holding circulating A share
or circulating B share and the Company is not able to
confirm whether there is associated relationship or
concerted action among other shareholders.
Top ten non-restricted common shareholders taking part in margin financing
Naught
and securities lending (if any)
Did any of the top 10 common shareholders or the top 10 non-restricted common shareholders of the Company carry out any agreed
buy-back in the reporting period?
□ Yes √ No
No shareholder of the Company carried out any agreed buy-back in the reporting period.
2. Total number of preferred share holders and shareholdings of the top ten preferred share holders at the
period-end
□ Applicable √ Inapplicable
Report for the Third Quarter of 2014 of Luthai Textile Co., Ltd.
Section III. Significant Events
I. Major changes of main accounting statement items and financial indicators in the reporting
period, as well as reasons for the changes
√ Applicable □ Inapplicable
1. Monetary funds as at 30 Sept. 2014 stood at RMB 537,907,586.72, down 38.35% from the
year-beginning amount, mainly because raw materials were paid for.
2. Transactional financial assets as at 30 Sept. 2014 stood at RMB 1,973,800.00, down 93.41%
from the year-beginning amount, mainly because due transactional financial assets were delivered
and their fair value changed.
3. Notes receivable as at 30 Sept. 2014 stood at RMB 85,053,825.44, down 32.55% from the
year-beginning amount, mainly because accounts receivable were collected.
4. Other non-current assets as at 30 Sept. 2014 stood at RMB 8,485,764.14, down 75.06% from the
year-beginning amount, mainly because the VAT input tax to be deducted decreased.
5. Engineering materials as at 30 Sept. 2014 stood at RMB 234,437,779.64, up 1127.78% from the
year-beginning amount, mainly because the equipment to be installed increased.
6. Taxes and fares payable as at 30 Sept. 2014 stood at RMB 39,039,228.56, down 66.13% from the
year-beginning amount, mainly because the city maintenance and construction tax payable, the
educational surtax payable, etc. decreased.
7. Interest payable as at 30 Sept. 2014 stood at RMB 2,543,214.96, up 69.61% from the
year-beginning amount, mainly because the interest provision increased as the borrowings of the
Company (without subsidiaries) increased.
8. Non-current liabilities due within 1 year as at 30 Sept. 2014 stood at RMB 27,455,391.71, down
67.83% from the year-beginning amount, mainly because the long-term borrowings due within 1
year decreased.
9. Deferred income tax liabilities as at 30 Sept. 2014 stood at RMB 2,370,204.96, down 63.81%
from the year-beginning amount, mainly because the taxable temporary difference arising from fair
value changes of transactional financial assets decreased.
10. Financial expenses for Jan.-Sept. 2014 stood at RMB 10,500,242.50, down 72.18% year on year,
mainly because the exchange gains increased.
11. Asset impairment loss for Jan.-Sept. 2014 stood at RMB -5,584,318.73, down 115.00% year on
year, mainly because bad-debt provisions decreased as accounts receivable decreased.
12. Gains on fair value changes for Jan.-Sept. 2014 stood at RMB -27,975,320.00, down 528.76%
year on year, mainly because due transactional financial assets were disposed and the corresponding
gains and losses on fair value changes formerly recognized were carried over, and the fair value of
transactional financial assets changed.
13. Non-business expenses for Jan.-Sept. 2014 stood at RMB 4,098,753.25, up 95.89% year on year,
mainly because the loss on disposal of fixed assets increased.
Report for the Third Quarter of 2014 of Luthai Textile Co., Ltd.
II. Progress and influence of significant events, as well as the analysis and explanation on
solutions
√ Applicable □ Inapplicable
1. From 12 Dec. 2013 to 31 Dec. 2013, through Securities Exchange System of Shenzhen Stock Exchange, Zibo
Lucheng Textile Investment Co., Ltd. increased the current A share (000726) of the Company by centralized
competitive trading method, which was of 6,913,189 shares, which were of 0.72% of the total share capital of the
Company. From 1 Jan. 2014 to 17 Jan. 2014, through Securities Exchange System of Shenzhen Stock Exchange,
Zibo Lucheng Textile Investment Co., Ltd. increased the current A share (000726) of the Company by centralized
compet
