鲁泰B：2024年第三季度报告(英文)

Stock Code: 000726, 200726 Stock Name: LTTC, LTTC-B Announcement No. 2024-081Bond Code: 127016 Bond Name: LTTC Convertible Bonds

LU THAI TEXTILE CO., LTD.THIRD QUARTERLY REPORT 2024Lu Thai Textile Co., Ltd. (hereinafter referred to as the “Company”) and all the members of theCompany’s Board of Directors hereby guarantee that the contents of this Report are true, accurate andcomplete and free of any misrepresentations, misleading statements or material omissions.

Important Notes:

1. The Board of Directors, the Supervisory Committee as well as the directors, supervisors and seniormanagement of the Company hereby guarantee that the contents of this Report are true, accurate and completeand free of any misrepresentations, misleading statements or material omissions, and collectively andindividually accept legal responsibility for such contents.

2. The Company’s legal representative, chief accountant and financial manager hereby guarantee that thefinancial statements carried in this Report are true, accurate and complete.

3. Indicate whether the financial statements in this Report have been audited by an independent auditor.

□Yes ? No

I Key Financial Information(I) Key Accounting Data and Financial IndicatorsIndicate whether there is any retrospectively restated datum in the table below.

□Yes ? No

	Q3 2024	YoY change (%)	Q1-Q3 2024	YoY change (%)
Operating revenue (RMB)	1,570,583,102.90	4.50%	4,401,071,788.51	1.33%
Net profit attributable to the listed company’s shareholders (RMB)	118,293,394.86	4.26%	287,853,364.40	-14.10%
Net profit attributable to the listed company’s shareholders before exceptional gains and losses (RMB)	87,100,142.55	-21.52%	350,831,427.10	15.87%
Net cash generated from/used in operating activities (RMB)	—	—	761,086,865.88	373.73%
Basic earnings per share (RMB/share)	0.14	7.69%	0.35	-10.26%
Diluted earnings per share (RMB/share)	0.14	7.69%	0.33	-8.33%
Weighted average return on equity (%)	1.27%	0.04%	3.10%	-0.55%

	30 September 2024	31 December 2023	Change (%)
Total assets (RMB)	13,797,637,848.14	13,430,286,222.94	2.74%
Equity attributable to the listed company’s shareholders (RMB)	9,292,679,481.50	9,230,806,905.80	0.67%

(II) Exceptional Gains and Losses

? Applicable □ Not applicable

Unit: RMB

Item	Q3 2024	Q1-Q3 2024	Note
Gain or loss on disposal of non-current assets (inclusive of impairment allowance write-offs)	114,169.55	-285,181.47
Government grants recognised in profit or loss (exclusive of those that are closely related to the Company's normal business operations and given in accordance with defined criteria and in compliance with government policies, and have a continuing impact on the Company's profit or loss)	10,020,351.12	25,033,489.87
Gain or loss on fair-value changes in financial assets and liabilities held by a non-financial enterprise, as well as on disposal of financial assets and liabilities (exclusive of the effective portion of hedges that is related to the Company's normal business operations)	28,092,236.10	-97,577,618.18
Reverse of provision for impairment of accounts receivable individually conducting impairment test	317,052.50	317,052.50
Non-operating income and expense other than the above	-571,381.91	106,435.55
Less: Income tax effects	6,433,322.05	-9,622,940.25
Non-controlling interests effects (net of tax)	345,853.00	195,181.22
Total	31,193,252.31	-62,978,062.70	--

Other items that meet the definition of exceptional gain/loss:

□Applicable ? Not applicable

No such cases in the Reporting Period.Explanation of why the Company reclassifies as recurrent an exceptional gain/loss item listed in the Explanatory AnnouncementNo. 1 on Information Disclosure for Companies Offering Their Securities to the Public—Exceptional Gain/Loss Items:

□Applicable ? Not applicable

No such cases in the Reporting Period.(III) Changes in Key Financial Information and Explanation of why? Applicable □ Not applicable

Q1-Q3 2024
Item	YoY Change (%)	Main reason for change

Net cash generated from/used in operating activities (RMB)

373.73

Decrease in cash paid for purchasing goods and accepting labor services

II Shareholder Information(I) Numbers of Ordinary Shareholders and Preference Shareholders with Resumed Voting Rights as wellas Holdings of Top 10 Shareholders

Unit: share

Number of ordinary shareholders at the period-end		47,468	Number of preferred shareholders with resumed voting rights at the period-end (if any)			0
Top 10 shareholders (exclusive of shares lent in refinancing)
Name of shareholder	Nature of shareholder	Shareholding percentage	Total shares held	Restricted shares held	Shares in pledge, marked or frozen
					Status	Shares
Zibo Lucheng Textile Investment Co., Ltd.	Domestic non-state-owned corporation	17.17%	140,353,583	0	N/A	0
Tailun (Thailand) Textile Co., Ltd.	Foreign corporation	14.10%	115,232,400	0	N/A	0
Central Huijin Assets Management Co., Ltd.	State-owned corporation	2.43%	19,884,100	0	N/A	0
National Social Security Fund Portfolio 413	Other	1.81%	14,760,051	0	N/A	0
ICBC Credit Suisse Innovation Power Stock Securities Investment Fund	Other	1.36%	11,100,000	0	N/A	0
Dongfanghong Zhihua Three-Year Holding Mixed Securities Investment Fund	Other	0.92%	7,484,150	0	N/A	0
Dongfanghong Jingdong Big Data Dynamic Asset Allocation Mixed Securities Investment Fund	Other	0.78%	6,391,082	0	N/A	0
FEDERATED HERMES GLOBAL INVESTMENT FD (CAYMAN) MASTER, SPC OBOAFTAO FEDERATED HERMES EMG ASIA EQUITY FD MASTER S.P.	Foreign corporation	0.77%	6,309,111	0	N/A	0
Dongfanghong New Power Dynamic Asset Allocation Mixed Securities Investment Fund	Other	0.72%	5,889,830	0	N/A	0
Dacheng China Securities Asset Management Plan	Other	0.63%	5,144,200	0	N/A	0
Top 10 unrestricted shareholders (exclusive of shares lent in refinancing and locked shares of executives)
Name of shareholder		Unrestricted shares held			Shares by type and number
					Type	Shares
Zibo Lucheng Textile Investment Co., Ltd.		140,353,583			RMB-denominated ordinary stock	140,353,583
Tailun (Thailand) Textile Co., Ltd.		115,232,400			Domestically listed foreign	115,232,400

			stock
Central Huijin Assets Management Co., Ltd.	19,884,100		RMB-denominated ordinary stock	19,884,100
National Social Security Fund Portfolio 413	14,760,051		RMB-denominated ordinary stock	14,760,051
ICBC Credit Suisse Innovation Power Stock Type Securities Investment Fund	11,100,000		RMB-denominated ordinary stock	11,100,000
Dongfanghong Zhihua Three-Year Holding Mixed Securities Investment Fund	7,484,150		RMB-denominated ordinary stock	7,484,150
Dongfanghong Jingdong Big Data Dynamic Asset Allocation Mixed Securities Investment Fund	6,391,082		RMB-denominated ordinary stock	6,391,082
FEDERATED HERMES GLOBAL INVESTMENT FD (CAYMAN) MASTER, SPC OBOAFTAO FEDERATED HERMES EMG ASIA EQUITY FD MASTER S.P.	6,309,111		Domestically listed foreign stock	6,309,111
Dongfanghong New Power Dynamic Asset Allocation Mixed Securities Investment Fund	5,889,830		RMB-denominated ordinary stock	5,889,830
Dacheng China Securities Asset Management Plan	5,144,200		RMB-denominated ordinary stock	5,144,200
Related or acting-in-concert parties among the shareholders above		Zibo Lucheng Textile Investment Co., Ltd. is the 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 public A share or B share and the Company is not able to confirm whether there is associated relationship or concerted action among other shareholders.
Top 10 shareholders engaged in securities margin trading (if any)		Naught

5% or greater shareholders, top 10 shareholders and Top 10 unrestricted shareholders involved in refinancing shares lending

□Applicable ? Not applicable

Changes in top 10 shareholders and top 10 unrestricted shareholders due to refinancing shares lending/return compared with theprior period

□Applicable ? Not applicable

(II) Number of Preference Shareholders and Shareholdings of Top 10 of Them

□Applicable ? Not applicable

III Other Significant Events? Applicable □ Not applicableThe Proposal on Repurchase of Domestically Listed Foreign Shares (B-Share) was approved at the 10

th

Meeting of the 10

thBoardof Directors and the First Extraordinary General Meeting of 2023. As such, an amount of no more than RMB200 million would beused to repurchase shares, with a price limit of HKD4.80 per share, within 12 months from the date when the share repurchaseplan was approved at the general meeting. On 21 August 2023, the Company carried out the first repurchase. As of 21 February2024, the Company had completed the implementation of the Repurchase Plan of Domestically Listed Foreign Shares (B-Share).The Company accumulatively repurchased 46,176,428 B-shares (5.35% of the Company’s total share capital). With the highest

repurchase price being HKD4.80/share and the lowest being HKD4.53/share, the total payment for this repurchase plan wasHKD218,386,229.84 (inclusive of commissions and alike).The Company completed the formalities for cancellation of the foregoing repurchased shares at the Shenzhen Branch of ChinaSecurities Depository and Clearing Corporation Limited on 1 March 2024.IV Quarterly Financial Statements

(I) Financial Statements

1. Consolidated Balance Sheet

Prepared by Lu Thai Textile Co., Ltd.

30 September 2024

Unit: RMB

Item	30 September 2024	1 January 2024
Current assets:
Monetary assets	1,853,207,119.84	1,558,252,048.03
Held-for-trading financial assets	747,510,705.28	723,800,275.39
Derivative financial assets
Notes receivable	64,337,683.35	99,642,708.67
Accounts receivable	805,844,456.12	826,467,684.78
Receivables financing	24,826,658.60	18,248,205.76
Prepayments	76,082,787.86	51,863,447.56
Other receivables	25,333,003.76	22,168,807.43
Including: Interest receivable
Dividends receivable
Inventories	2,075,570,015.72	2,124,139,574.70
Other current assets	108,137,303.73	145,112,114.03
Total current assets	5,780,849,734.26	5,569,694,866.35
Non-current assets:
Long-term equity investments	141,561,054.51	143,537,479.77
Investments in other equity instruments
Other non-current financial assets	88,750,000.00	88,750,000.00
Investment property	18,901,194.36	19,578,175.93
Fixed assets	6,051,371,662.54	5,597,692,505.07
Construction in progress	198,625,943.52	868,496,878.41
Right-of-use assets	486,069,906.50	463,226,419.21
Intangible assets	335,529,696.20	343,347,879.42
Goodwill	20,563,803.29	20,563,803.29

Long-term prepaid expense	1,963,385.98	1,815,838.60
Deferred income tax assets	144,129,537.53	157,892,110.06
Other non-current assets	529,321,929.45	155,690,266.83
Total non-current assets	8,016,788,113.88	7,860,591,356.59
Total assets	13,797,637,848.14	13,430,286,222.94
Current liabilities:
Short-term borrowings	602,165,111.98	580,704,772.27
Held-for-trading financial liabilities	16,341,190.82	46,785,831.47
Derivative financial liabilities
Notes payable
Accounts payable	230,620,472.74	275,502,915.05
Advances from customers
Contract liabilities	167,813,395.72	188,073,335.89
Employee benefits payable	265,985,481.12	284,344,973.72
Taxes and levies payable	33,508,397.49	42,633,232.55
Other payables	101,421,755.75	47,549,373.52
Including: Interest payable
Dividends payable	82,171,703.24	441,113.64
Current portion of non-current liabilities	24,782,937.62	96,207,192.49
Other current liabilities	45,666,336.66	63,646,908.11
Total current liabilities	1,488,305,079.90	1,625,448,535.07
Non-current liabilities:
Long-term borrowings	702,435,622.24	259,992,974.40
Bonds payable	1,495,795,382.51	1,476,572,070.79
Lease liabilities	95,212,595.82	86,580,224.41
Long-term payables
Long-term employee benefits payable	57,276,675.61	57,276,675.61
Provisions
Deferred income	147,031,058.41	151,768,947.92
Deferred income tax liabilities	141,525,210.57	155,178,797.04
Other non-current liabilities
Total non-current liabilities	2,639,276,545.16	2,187,369,690.17
Total liabilities	4,127,581,625.06	3,812,818,225.24
Owners’ equity:
Share capital	817,305,896.00	863,607,634.00
Other equity instruments	71,383,489.10	71,383,677.78

Capital reserves	178,499,116.62	334,792,614.76
Less: Treasury stock		193,438,720.78
Other comprehensive income	101,224,554.31	131,343,141.63
Specific reserve	1,274,858.74
Surplus reserves	1,260,661,015.34	1,260,661,015.34
General reserve
Retained earnings	6,862,330,551.39	6,762,457,543.07
Total equity attributable to owners of the Company as the parent	9,292,679,481.50	9,230,806,905.80
Non-controlling interests	377,376,741.58	386,661,091.90
Total owners’ equity	9,670,056,223.08	9,617,467,997.70
Total liabilities and owners’ equity	13,797,637,848.14	13,430,286,222.94

Legal representative: Liu Zibin The Company’s chief accountant: Zhang KemingThe Company’s financial manager: Zhang Keming

2. Consolidated Income Statement for Q1~Q3

Unit: RMB

Item	Q1~Q3 2024	Q1~Q3 2023
1. Revenues	4,401,071,788.51	4,343,379,615.38
Including: Operating revenue	4,401,071,788.51	4,343,379,615.38
2. Costs and expenses	3,949,265,288.12	3,961,187,521.18
Including: Cost of sales	3,327,014,352.69	3,367,798,201.96
Taxes and levies	46,015,112.71	51,710,880.20
Selling expense	97,952,762.23	99,779,947.00
Administrative expense	252,202,540.45	282,144,753.70
Development costs	167,202,848.33	189,722,944.72
Finance costs	58,877,671.71	-29,969,206.40
Including: Interest expense	75,098,273.62	62,229,138.75
Interest income	42,885,186.29	38,423,491.50
Add: Other income	24,949,464.95	30,625,776.56
Return on investment (“-” for loss)	-33,878,369.88	55,261,510.68
Including: Share of profit or loss of joint ventures and associates	-1,976,425.26	5,607,536.15
Income from the derecognition of financial assets at amortized cost (“-” for loss)
Exchange gain (“-” for loss)
Net gain on exposure hedges (“-” for loss)
Gain on changes in fair value (“-” for loss)	-62,087,918.10	-42,630,957.32

Credit impairment loss (“-” for loss)	-219,625.91	9,173,784.96
Asset impairment loss (“-” for loss)	-51,031,673.07	-73,776,454.27
Asset disposal income (“-” for loss)	659,366.06	-4,600,817.87
3. Operating profit (“-” for loss)	330,197,744.44	356,244,936.94
Add: Non-operating income	5,006,318.76	6,999,573.15
Less: Non-operating expense	5,844,430.74	3,238,418.45
4. Gross profit (“-” for loss)	329,359,632.46	360,006,091.64
Less: Income tax expense	31,023,398.44	39,272,407.86
5. Net profit (“-” for net loss)	298,336,234.02	320,733,683.78
5.1 By operating continuity
5.1.1 Net profit from continuing operations (“-” for net loss)	298,336,234.02	320,733,683.78
5.1.2 Net profit from discontinued operations (“-” for net loss)
5.2 By ownership
5.2.1 Net profit attributable to shareholders of the Company as the parent (“-” for net loss)	287,853,364.40	335,112,971.01
5.2.2 Net profit attributable to non-controlling interests (“-” for net loss)	10,482,869.62	-14,379,287.23
6. Other comprehensive income, net of tax	-30,118,587.32	60,007,344.06
Attributable to owners of the Company as the parent	-30,118,587.32	60,007,344.06
6.1 Items that will not be reclassified to profit or loss
6.1.1 Changes caused by remeasurements on defined benefit schemes
6.1.2 Other comprehensive income that will not be reclassified to profit or loss under the equity method
6.1.3 Changes in the fair value of investments in other equity instruments
6.1.4 Changes in the fair value arising from changes in own credit risk
6.1.5 Other
6.2 Items that will be reclassified to profit or loss	-30,118,587.32	60,007,344.06
6.2.1 Other comprehensive income that will be reclassified to profit or loss under the equity method
6.2.2 Changes in the fair value of other debt investments
6.2.3 Other comprehensive income arising from the reclassification of financial assets
6.2.4 Credit impairment allowance for other debt investments
6.2.5 Reserve for cash flow hedges
6.2.6 Differences arising from the translation of foreign currency-denominated financial statements	-30,063,875.57	60,321,769.50
6.2.7 Other	-61,594.73	-314,425.44
Attributable to non-controlling interests
7. Total comprehensive income	268,217,646.70	380,741,027.84

7.1 Attributable to owners of the Company as the parent	257,734,777.08	395,120,315.07
7.2 Attributable to non-controlling interests	10,482,869.62	-14,379,287.23
8. Earnings per share
8.1 Basic earnings per share	0.35	0.39
8.2 Diluted earnings per share	0.33	0.36

Where business combinations under common control occurred in the current period, the net profit achieved by the acquirees beforethe combinations was RMB0.00, with the amount for the same period of last year being RMB0.00.Legal representative: Liu Zibin The Company’s chief accountant: Zhang KemingThe Company’s financial manager: Zhang Keming

3. Consolidated Cash Flow Statement for Q1~Q3

Unit: RMB

Item	Q1~Q3 2024	Q1~Q3 2023
1. Cash flows from operating activities:
Proceeds from sale of commodities and rendering of services	4,251,014,998.10	4,082,732,904.05
Tax and levy rebates	57,422,844.69	111,908,970.46
Cash generated from other operating activities	29,608,862.84	88,268,626.57
Subtotal of cash generated from operating activities	4,338,046,705.63	4,282,910,501.08
Payments for commodities and services	2,151,945,125.00	2,671,747,269.74
Cash paid to and for employees	1,182,637,679.97	1,220,030,753.31
Taxes and levies paid	119,631,645.66	98,333,908.79
Cash used in other operating activities	122,745,389.12	132,141,141.93
Subtotal of cash used in operating activities	3,576,959,839.75	4,122,253,073.77
Net cash generated from/used in operating activities	761,086,865.88	160,657,427.31
2. Cash flows from investing activities:
Proceeds from disinvestment	838,061,000.00	2,435,012,962.14
Return on investment	1,876,891.21	28,169,612.15
Net proceeds from the disposal of fixed assets, intangible assets and other long-lived assets	802,833.70	5,799,244.29
Net proceeds from the disposal of subsidiaries and other business units
Cash generated from other investing activities	50,112,179.51	85,031,721.32
Subtotal of cash generated from investing activities	890,852,904.42	2,554,013,539.90
Payments for the acquisition of fixed assets, intangible assets and other long-lived assets	189,186,030.98	544,637,761.00
Payments for investments	969,027,200.56	2,947,560,711.64
Cash used in other investing activities	207,384,616.83	18,025,985.58
Subtotal of cash used in investing activities	1,365,597,848.37	3,510,224,458.22
Net cash generated from/used in investing activities	-474,744,943.95	-956,210,918.32

3. Cash flows from financing activities:
Capital contributions received
Including: Capital contributions by non-controlling interests to subsidiaries
Borrowings received	1,672,923,316.54	998,315,156.40
Cash generated from other financing activities
Subtotal of cash generated from financing activities	1,672,923,316.54	998,315,156.40
Repayment of borrowings	1,270,645,412.09	955,264,496.55
Interest and dividends paid	159,435,799.79	107,775,332.89
Including: Dividends paid by subsidiaries to non-controlling interests
Cash used in other financing activities	50,525,547.88	111,329,581.84
Subtotal of cash used in financing activities	1,480,606,759.76	1,174,369,411.28
Net cash generated from/used in financing activities	192,316,556.78	-176,054,254.88
4. Effect of foreign exchange rates changes on cash and cash equivalents	-2,816,130.50	11,527,014.35
5. Net increase in cash and cash equivalents	475,842,348.21	-960,080,731.54
Add: Cash and cash equivalents, beginning of the period	1,353,615,305.93	1,822,897,270.16
6. Cash and cash equivalents, end of the period	1,829,457,654.14	862,816,538.62

(II) Adjustments to Financial Statement Items at the Beginning of the Year of the First Implementation ofthe New Accounting Standards Implemented since 2024

□ Applicable ? Not applicable

(III) Independent Auditor’s ReportIndicate by tick mark whether the financial statements above have been audited by an independent auditor.

□Yes ? No

These financial statements have not been audited by such an auditor.

Board of Director

Lu Thai Textile Co., Ltd.31 October 2024