Lu Thai Textile Co., Ltd. First Quarterly Report 2026
Stock Code: 000726, 200726 Stock Name: LTTC, LTTC-B Announcement No. 2026-022
LU THAI TEXTILE CO., LTD.
FIRST QUARTERLY REPORT 2026
Lu Thai Textile Co., Ltd. (hereinafter referred to as the “Company”) and all the members of the Company’s Board of Directors
hereby guarantee that the contents of this Report are true, accurate and complete and free of any misrepresentations, misleading
statements or material omissions.
Important Notes:
Report are true, accurate and complete and free of any misrepresentations, misleading statements or material omissions, and
collectively and individually accept legal responsibility for such contents.
the financial statements carried in this Report are true, accurate and complete.
□Yes No
This Report has been prepared in both Chinese and English. Should there be any discrepancies or misunderstandings between the
two versions, the Chinese version shall prevail.
I Key Financial Information
(I) Key Accounting Data and Financial Indicators
Indicate whether there is any retrospectively restated datum in the table below.
□Yes No
Q1 2026 Q1 2025 YoY change (%)
Operating revenue (RMB) 1,355,536,052.27 1,452,670,259.98 -6.69%
Net profit attributable to the listed company’s
shareholders (RMB)
Net profit attributable to the listed company’s
shareholders before exceptional gains and losses 70,596,951.23 88,658,975.61 -20.37%
(RMB)
Net cash generated from/used in operating
activities (RMB)
Basic earnings per share (RMB/share) 0.11 0.18 -38.89%
Diluted earnings per share (RMB/share) 0.11 0.17 -35.29%
Weighted average return on equity (%) 0.95% 1.56% -0.61%
Lu Thai Textile Co., Ltd. First Quarterly Report 2026
Total assets (RMB) 14,024,843,691.41 14,106,762,900.07 -0.58%
Equity attributable to the listed company’s
shareholders (RMB)
(II) Exceptional Gains and Losses
Applicable □ Not applicable
Unit: RMB
Item Q1 2026 Note
Gain or loss on disposal of non-current assets (inclusive of asset impairment allowance
-533,973.18
write-offs)
Government grants recognized 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)
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)
Reversed portions of impairment allowances for receivables which are tested
individually for impairment
Non-operating income and expense other than the above 4,592,115.77
Less: Income tax effects 5,416,267.00
Non-controlling interests effects (net of tax) 1,054,127.38
Total 23,107,396.70 --
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 Announcement
No. 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 2026:
Item Change (%) Main reason for change
Net profit attributable to the listed
-36.86% Increased net exchange loss under finance costs
company’s shareholders (RMB)
Year-on-year increase in sales proceeds collected
Net cash generated from/used in
operating activities (RMB)
sale of commodities and rendering of services
Decreased net profit attributable to the listed
Basic earnings per share (RMB/share) -38.89%
company’s shareholders
Lu Thai Textile Co., Ltd. First Quarterly Report 2026
Diluted earnings per share Decreased net profit attributable to the listed
-35.29%
(RMB/share) company’s shareholders
II Shareholder Information
(I) Numbers of Ordinary Shareholders and Preference Shareholders with Resumed Voting Rights as well
as Holdings of Top 10 Shareholders
Unit: share
Number of ordinary shareholders at the Number of preferred shareholders with resumed
period-end voting rights at the period-end (if any)
Top 10 shareholders (exclusive of shares lent in refinancing)
Sharehol Shares in pledge, marked or frozen
Restricted
Nature of ding
Name of shareholder Total shares held shares
shareholder percentag Status Shares
held
e
Domestic non-
Zibo Lucheng Textile
state-owned 17.17% 140,353,583 0 N/A 0
Investment Co., Ltd.
corporation
Tailun (Thailand) Foreign
Textile Co., Ltd. corporation
Central Huijin Assets State-owned
Management Co., Ltd. corporation
Domestic
Yang Sanbao 2.12% 17,362,400 0 N/A 0
individual
National Social
Security Fund Other 1.98% 16,200,051 0 N/A 0
Portfolio 413
Domestic
Wu Yijun 0.98% 8,016,298 0 N/A 0
individual
FEDERATED
HERMES GLOBAL
INVESTMENT FD
(CAYMAN)
MASTER, SPC Foreign
OBOAFTAO corporation
FEDERATED
HERMES EMG ASIA
EQUITY FD
MASTER S.P.
Domestic
Yang Hua 0.56% 4,601,800 0 N/A 0
individual
Domestic
Hao Jing 0.53% 4,335,000 0 N/A 0
individual
Domestic
Wang Paiyi 0.48% 3,900,000 0 N/A 0
individual
Top 10 unrestricted shareholders (exclusive of shares lent in refinancing and locked shares of senior management)
Shares by type
Name of shareholder Unrestricted shares held
Type Shares
RMB-
Zibo Lucheng Textile Investment Co., Ltd. 140,353,583.00 denominated 140,353,583
ordinary stock
Tailun (Thailand) Textile Co., Ltd. 115,232,400 Domestically 115,232,400
Lu Thai Textile Co., Ltd. First Quarterly Report 2026
listed foreign
stock
RMB-
Central Huijin Assets Management Co.,
Ltd.
ordinary stock
RMB-
Yang Sanbao 17,362,400 denominated 17,362,400
ordinary stock
RMB-
National Social Security Fund Portfolio 413 16,200,051 denominated 16,200,051
ordinary stock
RMB-
Wu Yijun 8,016,298 denominated 8,016,298
ordinary stock
FEDERATED HERMES GLOBAL
INVESTMENT FD (CAYMAN) MASTER, Domestically
SPC OBOAFTAO FEDERATED 6,024,131 listed foreign 6,024,131
HERMES EMG ASIA EQUITY FD stock
MASTER S.P.
RMB-
denominated 4,462,600
Yang Hua ordinary stock
Domestically
listed foreign 139,200
stock
RMB-
Hao Jing 4,335,000 denominated 4,335,000
ordinary stock
RMB-
Wang Paiyi 3,900,000 denominated 3,900,000
ordinary stock
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
Related or acting-in-concert parties among the
foreign capital of the Company. All of other shareholders are people
shareholders above
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
None
(if any)
□Applicable Not applicable
Changes in top 10 shareholders and top 10 unrestricted shareholders due to refinancing shares lending/return compared with the
prior 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 applicable
Lu Thai Textile Co., Ltd. First Quarterly Report 2026
IV Quarterly Financial Statements
(I) Financial Statements
Prepared by Lu Thai Textile Co., Ltd.
Unit: RMB
Item 31 March 2026 1 January 2026
Current assets:
Monetary assets 3,152,609,710.95 2,396,851,459.72
Held-for-trading financial assets 598,201,632.78 1,094,067,591.31
Derivative financial assets
Notes receivable 37,902,737.16 37,500,667.56
Accounts receivable 735,927,522.53 889,743,214.62
Receivables financing 16,930,266.85 10,335,302.96
Prepayments 92,292,972.56 70,233,122.96
Other receivables 31,056,412.22 35,452,183.40
Including: Interest receivable
Dividends receivable 1,267,187.27
Inventories 2,147,535,918.20 2,107,300,004.83
Current portion of non-current assets
Other current assets 24,871,995.30 17,765,080.24
Total current assets 6,837,329,168.55 6,659,248,627.60
Non-current assets:
Long-term equity investments 99,884,209.23 99,877,917.52
Investments in other equity instruments
Other non-current financial assets 88,360,000.00 88,360,000.00
Investment property 17,360,545.08 17,772,891.33
Fixed assets 5,586,593,232.04 5,705,325,739.27
Construction in progress 114,887,423.40 90,157,178.55
Right-of-use assets 426,350,815.45 437,366,025.27
Intangible assets 320,065,150.11 322,548,576.08
Development costs
Goodwill 20,563,803.29 20,563,803.29
Long-term prepaid expense 3,029,332.99 2,966,740.84
Deferred income tax assets 142,648,964.27 147,571,150.02
Other non-current assets 367,771,047.00 515,004,250.30
Total non-current assets 7,187,514,522.86 7,447,514,272.47
Total assets 14,024,843,691.41 14,106,762,900.07
Lu Thai Textile Co., Ltd. First Quarterly Report 2026
Current liabilities:
Short-term borrowings 641,765,523.27 652,836,872.89
Held-for-trading financial liabilities 1,512,396.66
Derivative financial liabilities
Notes payable 5,195,494.00
Accounts payable 196,200,839.79 232,348,158.30
Advances from customers
Contract liabilities 157,866,318.97 178,735,140.23
Employee benefits payable 223,700,350.40 301,497,209.62
Taxes and levies payable 49,080,561.79 58,873,433.90
Other payables 24,300,895.96 17,580,817.40
Including: Interest payable
Dividends payable 441,113.64 441,113.64
Current portion of non-current liabilities 1,965,849,891.48 1,870,562,551.70
Other current liabilities 32,609,313.67 33,932,228.19
Total current liabilities 3,298,081,585.99 3,346,366,412.23
Non-current liabilities:
Long-term borrowings 161,437,409.95 247,912,723.61
Bonds payable
Lease liabilities 71,236,400.44 74,159,267.26
Long-term payables
Long-term employee benefits payable 58,241,342.34 58,241,342.34
Provisions
Deferred income 137,641,973.01 139,473,294.93
Deferred income tax liabilities 109,861,884.57 110,514,267.42
Other non-current liabilities
Total non-current liabilities 538,419,010.31 630,300,895.56
Total liabilities 3,836,500,596.30 3,976,667,307.79
Owners’ equity:
Share capital 817,502,842.00 817,306,920.00
Other equity instruments 71,299,216.71 71,383,045.46
Capital reserves 180,599,326.04 178,932,155.02
Less: Treasury stock
Other comprehensive income 69,337,690.30 108,712,967.46
Specific reserve 2,628,782.18
Surplus reserves 1,331,218,572.39 1,331,218,572.39
General reserve
Retained earnings 7,397,204,874.65 7,303,500,526.72
Total equity attributable to owners of the
Company as the parent
Lu Thai Textile Co., Ltd. First Quarterly Report 2026
Non-controlling interests 318,551,790.84 319,041,405.23
Total owners’ equity 10,188,343,095.11 10,130,095,592.28
Total liabilities and owners’ equity 14,024,843,691.41 14,106,762,900.07
Legal representative: Liu Zibin Person-in-charge of accounting: Zhang Keming
Head of the accounting department: Zhang Keming
Unit: RMB
Item Q1 2026 Q1 2025
Including: Operating revenue 1,355,536,052.27 1,452,670,259.98
Including: Cost of sales 1,045,881,017.37 1,111,238,055.56
Taxes and levies 14,531,172.27 15,040,356.83
Selling expense 31,690,392.02 36,101,405.24
Administrative expense 80,453,154.52 80,989,455.49
Development costs 40,798,322.85 50,114,870.58
Finance costs 43,809,770.71 2,190,176.61
Including: Interest costs 24,335,813.01 23,523,728.82
Interest revenue 18,739,530.13 17,193,924.62
Add: Other income 13,802,353.49 4,872,198.36
Return on investment (“-” for loss) 21,703,325.91 4,286,503.15
Including: Share of profit or loss of joint ventures and
associates
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) -9,496,054.48 53,742,560.50
Credit impairment loss (“-” for loss) 3,808,752.07 -9,985,896.47
Asset impairment loss (“-” for loss) -17,626,382.01 -35,031,030.86
Asset disposal income (“-” for loss) -166,721.87
Add: Non-operating income 4,665,820.75 6,137,533.53
Less: Non-operating expense 439,083.09 861,029.76
Less: Income tax expense 21,409,499.76 31,371,415.58
Lu Thai Textile Co., Ltd. First Quarterly Report 2026
parent
Attributable to owners of the Company as the parent -39,375,277.16 -627,500.17
benefit schemes
reclassified to profit or loss under the equity method
equity instruments
own credit risk
to profit or loss under the equity method
reclassification of financial assets
investments
-39,340,374.44 -557,507.61
currency-denominated financial statements
Attributable to non-controlling interests
Attributable to owners of the Company as the parent 54,329,070.77 147,770,059.35
Attributable to non-controlling interests -489,614.39 387,803.02
Where business combinations under common control occurred in the current period, the net profit achieved by the acquirees before
the combinations was RMB0.00, with the amount for the same period of last year being RMB0.00.
Legal representative: Liu Zibin Person-in-charge of accounting: Zhang Keming
Head of the accounting department: Zhang Keming
Unit: RMB
Item Q1 2026 Q1 2025
Proceeds from sale of commodities and rendering of services 1,450,590,290.32 1,421,375,672.74
Lu Thai Textile Co., Ltd. First Quarterly Report 2026
Tax and levy rebates 22,853,142.59 20,902,156.31
Cash generated from other operating activities 27,927,280.44 13,563,145.67
Subtotal of cash generated from operating activities 1,501,370,713.35 1,455,840,974.72
Payments for commodities and services 821,070,687.58 787,982,640.92
Cash paid to and for employees 441,224,071.90 466,527,743.30
Taxes and levies paid 44,495,682.38 42,738,146.68
Cash used in other operating activities 33,061,983.66 51,337,484.39
Subtotal of cash used in operating activities 1,339,852,425.52 1,348,586,015.29
Net cash generated from/used in operating activities 161,518,287.83 107,254,959.43
Proceeds from disinvestment 3,187,499,982.97 1,219,876,557.02
Return on investment 7,338,917.44 4,796,095.42
Cash generated from other investing activities 511,859,749.96 167,784,826.19
Subtotal of cash generated from investing activities 3,706,698,650.37 1,392,457,478.63
Payments for the acquisition of fixed assets, intangible assets
and other long-lived assets
Payments for investments 2,696,775,000.00 1,106,009,000.00
Cash used in other investing activities 86,057,356.37 162,807,000.00
Subtotal of cash used in investing activities 2,850,401,715.42 1,299,339,796.78
Net cash generated from/used in investing activities 856,296,934.95 93,117,681.85
Borrowings received 428,397,130.81 328,897,923.75
Subtotal of cash generated from financing activities 428,397,130.81 328,897,923.75
Repayment of borrowings 413,471,345.36 385,893,424.40
Interest and dividends paid 9,127,184.26 8,336,325.55
Including: Dividends paid by subsidiaries to non-controlling
interests
Cash used in other financing activities 3,256,902.00 4,423,203.00
Subtotal of cash used in financing activities 425,855,431.62 398,652,952.95
Net cash generated from/used in financing activities 2,541,699.19 -69,755,029.20
-13,465,692.47 11,217,069.43
equivalents
Add: Cash and cash equivalents, beginning of the period 2,033,439,469.50 1,371,412,259.52
(II) Adjustments to Financial Statement Items at the Beginning of the Year of the First Implementation
of the New Accounting Standards Implemented since 2026
□ Applicable Not applicable
Lu Thai Textile Co., Ltd. First Quarterly Report 2026
(III) Independent Auditor’s Report
Indicate 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.
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