Lu Thai Textile Co., Ltd. Third Quarterly Report 2026
Stock Code: 000726, 200726 Stock Name: LTTC, LTTC-B Announcement No. 2026-039
LU THAI TEXTILE CO., LTD.
THIRD 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.
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
Q3 2026 YoY change (%) Q1-Q3 2026 YoY change (%)
Operating revenue (RMB) 1,478,032,490.77 0.36% 4,164,100,067.96 -3.16%
Net profit attributable to the
listed company’s shareholders 134,202,857.93 -5.79% 388,132,614.89 -22.79%
(RMB)
Net profit attributable to the
listed company’s shareholders
before exceptional gains and
losses (RMB)
Net cash generated from/used in
— — 657,792,857.78 60.76%
operating activities (RMB)
Basic earnings per share 0.16 -11.11% 0.47 -24.19%
(RMB/share)
Lu Thai Textile Co., Ltd. Third Quarterly Report 2026
Diluted earnings per share
(RMB/share)
Weighted average return on
equity (%)
Total assets (RMB) 12,441,496,440.85 14,106,762,900.07 -11.80%
Equity attributable to the listed
company’s shareholders (RMB)
(II) Exceptional Gains and Losses
Applicable □ Not applicable
Unit: RMB
Item Q3 2026 Q1-Q3 2026 Note
Gain or loss on disposal of non-current assets (inclusive
of impairment allowance 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 -15,430,870.25 25,748,036.08
of the effective portion of hedges that is related to the
Company's normal business operations)
Non-operating income and expense other than the above 522,018.09 11,120,178.83
Less: Income tax effects -1,446,003.36 16,097,511.60
Non-controlling interests effects (net of tax) -351,211.92 753,453.30
Total 42,774,140.75 179,116,462.07 --
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
Amount as at 30 Amount as at 31
Item September 2026 December 2025 Change Main reason for change
(RMB’0,000) (RMB’0,000)
Held-for-trading financial assets 68,131.91 109,406.76 -37.73% Redemption of mature wealth management products
Lu Thai Textile Co., Ltd. Third Quarterly Report 2026
Increase in bank acceptance bills held at the end of
Receivables financing 2,811.53 1,033.53 172.03%
the period
Prepayments 10,902.36 7,023.31 55.23% Increase in prepayments for goods
Partial equity transfer of an overseas subsidiary, and
that the remaining equity investment was
Long-term equity investments 21,621.75 9,987.79 116.48% remeasured from the cost method to the equity
method, resulting in an increase in long-term equity
investments for the current period
Construction in progress 23,704.85 9,015.72 162.93% Increase in construction investment for new projects
Decrease in time deposits with a maturity of more
Other non-current assets 6,685.74 51,500.43 -87.02%
than one year
Taxes and levies payable 3,024.43 5,887.34 -48.63% Decrease in corporate income tax payable
Dividends payable 8,219.37 44.11 18533.22% Payable interim cash dividends for the current year
Current portion of non-current
liabilities
Long-term borrowings 17,036.91 24,791.27 -31.28% Repayment of maturing long-term borrowings
Amount as of Q1-Q3 Amount as of Q1-Q3
Item Change Main reason for change
Finance costs 9,736.58 1,427.92 581.87% Increase in net foreign exchange losses
Other income 2,420.49 1,823.80 32.72% Increase in government grants received
Decrease in gains from the disposal of held-for-
Return on investment (“-” for
loss)
period of last year
Gain on changes in fair value (“- Fair value change of held-for-trading financial
-1,972.74 -5,738.37 65.62%
” for loss) assets
Credit impairment loss (“-” for Increase in provision for bad debts on accounts
-2,220.13 -956.40 -132.13%
loss) receivable
Net gain generated from the disposal of idle land by
Asset disposal income 4,910.33 71.67 6750.99%
an overseas subsidiary
Net cash generated from/used in
operating activities
Net cash generated from/used in
investing activities
Net cash generated from/used in
-200,008.72 -10,881.88 -1738.00% Repayment of matured payable bonds
financing activities
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)
Shareholdi Shares in pledge, marked or frozen
Nature of Total shares Restricted
Name of shareholder ng
shareholder held shares held
percentage Status Shares
Lu Thai Textile Co., Ltd. Third Quarterly Report 2026
Domestic non-
Zibo Lucheng Textile
state-owned 17.17% 140,353,583 0 N/A 0
Investment Co., Ltd.
corporation
Tailun (Thailand) Textile Foreign
Co., Ltd. corporation
Domestic
Yang Sanbao 2.31% 18,911,700 0 N/A 0
individual
National Social Security
Other 2.05% 16,800,051 0 N/A 0
Fund Portfolio 413
China Merchants
Prosperity Selected
Other 0.92% 7,499,998 0 N/A 0
Equity Type Securities
Investment Fund
FEDERATED HERMES
GLOBAL
INVESTMENT FD
(CAYMAN) MASTER, Foreign
SPC OBOAFTAO corporation
FEDERATED HERMES
EMG ASIA EQUITY
FD MASTER S.P.
Domestic
Wu Yijun 0.70% 5,718,898 0 N/A 0
individual
Domestic
Yang Hua 0.56% 4,600,100 0 N/A 0
individual
Domestic
Hao Jing 0.53% 4,343,100 0 N/A 0
individual
China Merchants Pioneer
Securities Investment Other 0.48% 3,950,000 0 N/A 0
Fund
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 denominated 140,353,583
ordinary stock
Domestically
Tailun (Thailand) Textile Co., Ltd. 115,232,400 listed foreign 115,232,400
stock
RMB-
Yang Sanbao 18,911,700 denominated 18,911,700
ordinary stock
Lu Thai Textile Co., Ltd. Third Quarterly Report 2026
RMB-
National Social Security Fund Portfolio 413 16,800,051 denominated 16,800,051
ordinary stock
RMB-
China Merchants Prosperity Selected Equity
Type Securities Investment Fund
ordinary stock
FEDERATED HERMES GLOBAL
Domestically
INVESTMENT FD (CAYMAN) MASTER,
SPC OBOAFTAO FEDERATED HERMES
stock
EMG ASIA EQUITY FD MASTER S.P.
RMB-
Wu Yijun 5,718,898 denominated 5,718,898
ordinary stock
RMB-
denominated 4,455,300
ordinary stock
Yang Hua 4,600,100
Domestically
listed foreign 144,800
stock
RMB-
Hao Jing 4,343,100 denominated 4,343,100
ordinary stock
RMB-
China Merchants Pioneer Securities
Investment Fund
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
Related or acting-in-concert parties among the shareholders
well as sponsor of foreign capital of the Company. All of other
above
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.
Yang Sanbao held 338,600 shares of the Company’s ordinary
stock through a regular securities account and 18,573,100 shares
through a securities collateral account for margin trading clients of
securities companies, with a total holding of 18,911,700 shares;
Wu Yijun held 0 shares through a regular securities account and
trading clients of securities companies, with a total holding of
Top 10 shareholders engaged in securities margin trading (if
any)
securities account and 4,455,300 shares through a securities
collateral account for margin trading clients of securities
companies, with a total holding of 4,600,100 shares; Hao Jing held
shares through a securities collateral account for margin trading
clients of securities companies, with a total holding of 4,343,100
shares.
Lu Thai Textile Co., Ltd. Third Quarterly Report 2026
□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
IV Quarterly Financial Statements
(I) Financial Statements
Prepared by Lu Thai Textile Co., Ltd.
Unit: RMB
Item 30 September 2026 1 January 2026
Current assets:
Monetary assets 1,867,959,194.58 2,396,851,459.72
Held-for-trading financial assets 681,319,101.65 1,094,067,591.31
Derivative financial assets
Notes receivable 41,624,928.65 37,500,667.56
Accounts receivable 885,133,056.23 889,743,214.62
Receivables financing 28,115,338.00 10,335,302.96
Prepayments 109,023,582.22 70,233,122.96
Other receivables 76,614,393.09 35,452,183.40
Including: Interest receivable
Dividends receivable 11,218,355.17 1,267,187.27
Inventories 2,056,316,053.05 2,107,300,004.83
Current portion of non-current assets
Other current assets 20,667,513.78 17,765,080.24
Total current assets 5,766,773,161.25 6,659,248,627.60
Non-current assets:
Long-term equity investments 216,217,531.64 99,877,917.52
Investments in other equity instruments
Other non-current financial assets 88,360,000.00 88,360,000.00
Lu Thai Textile Co., Ltd. Third Quarterly Report 2026
Investment property 17,095,909.61 17,772,891.33
Fixed assets 5,276,496,744.50 5,705,325,739.27
Construction in progress 237,048,508.10 90,157,178.55
Right-of-use assets 296,193,714.41 437,366,025.27
Intangible assets 315,296,424.80 322,548,576.08
Development costs
Goodwill 20,563,803.29 20,563,803.29
Long-term prepaid expense 2,585,269.28 2,966,740.84
Deferred income tax assets 138,007,965.62 147,571,150.02
Other non-current assets 66,857,408.35 515,004,250.30
Total non-current assets 6,674,723,279.60 7,447,514,272.47
Total assets 12,441,496,440.85 14,106,762,900.07
Current liabilities:
Short-term borrowings 529,998,128.37 652,836,872.89
Held-for-trading financial liabilities 5,182,561.67
Derivative financial liabilities
Notes payable 35,000,000.00
Accounts payable 231,857,617.62 232,348,158.30
Advances from customers
Contract liabilities 169,182,302.27 178,735,140.23
Employee benefits payable 269,729,913.63 301,497,209.62
Taxes and levies payable 30,244,262.78 58,873,433.90
Other payables 110,466,452.06 17,580,817.40
Including: Interest payable
Dividends payable 82,193,674.34 441,113.64
Current portion of non-current liabilities 222,879,833.61 1,870,562,551.70
Other current liabilities 38,409,801.65 33,932,228.19
Total current liabilities 1,642,950,873.66 3,346,366,412.23
Non-current liabilities:
Long-term borrowings 170,369,127.13 247,912,723.61
Bonds payable
Lease liabilities 64,959,068.79 74,159,267.26
Long-term payables
Long-term employee benefits payable 58,241,342.34 58,241,342.34
Provisions
Deferred income 134,014,675.29 139,473,294.93
Deferred income tax liabilities 119,370,895.27 110,514,267.42
Other non-current liabilities
Total non-current liabilities 546,955,108.82 630,300,895.56
Lu Thai Textile Co., Ltd. Third Quarterly Report 2026
Total liabilities 2,189,905,982.48 3,976,667,307.79
Owners’ equity:
Share capital 817,525,607.00 817,306,920.00
Other equity instruments 71,383,045.46
Capital reserves 252,134,922.96 178,932,155.02
Less: Treasury stock
Other comprehensive income 9,807,679.62 108,712,967.46
Specific reserve 1,333,327.31
Surplus reserves 1,331,218,572.39 1,331,218,572.39
General reserve
Retained earnings 7,487,251,739.86 7,303,500,526.72
Total equity attributable to owners of the
parent company
Non-controlling interests 352,318,609.23 319,041,405.23
Total owners’ equity 10,251,590,458.37 10,130,095,592.28
Total liabilities and owners’ equity 12,441,496,440.85 14,106,762,900.07
Legal representative: Liu Zibin The Company’s chief accountant: Zhang Keming
The Company’s financial manager: Zhang Keming
Unit: RMB
Item Q1-Q3 2026 Q1-Q3 2025
Including: Operating revenue 4,164,100,067.96 4,299,819,286.52
Including: Cost of sales 3,236,723,074.28 3,303,748,666.00
Taxes and levies 46,125,170.57 46,873,174.16
Selling expense 102,289,510.22 104,314,914.19
Administrative expense 245,370,130.74 242,494,720.82
Development costs 119,534,106.83 148,433,370.58
Finance costs 97,365,822.10 14,279,156.43
Including: Interest costs 46,718,500.40 73,964,787.77
Interest revenue 44,262,493.25 51,751,771.65
Add: Other income 24,204,934.85 18,238,001.58
Return on investment (“-” for loss) 132,397,255.76 251,020,623.01
Including: Share of profit or loss of joint ventures and
-3,093,765.47 2,057,812.34
associates
Income from the derecognition of financial
assets at amortized cost (“-” for loss)
Exchange gain (“-” for loss)
Lu Thai Textile Co., Ltd. Third Quarterly Report 2026
Net gain on exposure hedges (“-” for loss)
Gain on changes in fair value (“-” for loss) -19,727,448.86 -57,383,721.90
Credit impairment loss (“-” for loss) -22,201,319.84 -9,563,993.13
Asset impairment loss (“-” for loss) -57,138,976.69 -55,883,667.25
Asset disposal income (“-” for loss) 49,103,312.44 716,732.93
Add: Non-operating income 14,191,363.67 10,867,224.11
Less: Non-operating expense 3,679,017.18 5,958,112.08
Less: Income tax expense 45,433,759.91 79,543,391.00
(“-” for net loss)
for net loss)
Attributable to owners of the parent company -98,905,287.84 -28,300,294.69
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
-98,852,315.14 -28,273,704.47
currency-denominated financial statements
Attributable to non-controlling interests -768.57
Lu Thai Textile Co., Ltd. Third Quarterly Report 2026
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 The Company’s chief accountant: Zhang Keming
The Company’s financial manager: Zhang Keming
Unit: RMB
Item Q1-Q3 2026 Q1-Q3 2025
Proceeds from sale of commodities and rendering of services 4,146,584,710.25 4,211,537,160.65
Tax and levy rebates 44,266,107.18 47,679,566.45
Cash generated from other operating activities 49,459,326.52 39,895,129.15
Subtotal of cash generated from operating activities 4,240,310,143.95 4,299,111,856.25
Payments for commodities and services 2,146,708,511.56 2,368,245,986.41
Cash paid to and for employees 1,148,658,527.93 1,204,612,229.16
Taxes and levies paid 143,836,278.61 157,062,377.80
Cash used in other operating activities 143,313,968.07 160,010,661.97
Subtotal of cash used in operating activities 3,582,517,286.17 3,889,931,255.34
Net cash generated from/used in operating activities 657,792,857.78 409,180,600.91
Proceeds from disinvestment 10,856,420,872.97 8,397,454,959.71
Return on investment 10,446,427.81 210,643,439.26
Net proceeds from the disposal of fixed assets, intangible assets
and other long-lived assets
Net proceeds from the disposal of subsidiaries and other business
units
Cash generated from other investing activities 615,001,885.66 503,978,295.33
Subtotal of cash generated from investing activities 11,628,624,603.94 9,120,325,634.30
Payments for the acquisition of fixed assets, intangible assets and
other long-lived assets
Payments for investments 10,427,676,000.00 9,127,162,000.00
Cash used in other investing activities 155,735,781.30 7,143,944.38
Subtotal of cash used in investing activities 10,847,910,847.29 9,229,125,522.05
Net cash generated from/used in investing activities 780,713,756.65 -108,799,887.75
Capital contributions received 33,632,130.00
Including: Capital contributions by non-controlling interests to
subsidiaries
Borrowings received 810,715,789.50 1,311,186,815.33
Lu Thai Textile Co., Ltd. Third Quarterly Report 2026
Subtotal of cash generated from financing activities 844,347,919.50 1,311,186,815.33
Repayment of borrowings 2,531,492,837.53 1,198,165,885.86
Interest and dividends paid 299,051,818.70 208,165,465.31
Including: Dividends paid by subsidiaries to non-controlling
interests
Cash used in other financing activities 13,890,416.54 13,674,234.03
Subtotal of cash used in financing activities 2,844,435,072.77 1,420,005,585.20
Net cash generated from/used in financing activities -2,000,087,153.27 -108,818,769.87
-21,413,773.96 25,565,211.41
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
(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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