Lu Thai Textile Co., Ltd. Interim Report 2019 (Summary)
Stock Code: 000726, 200726 Stock Name: LTTC, LTTC-B Announcement No. 2019-053
LU THAI TEXTILE CO., LTD.
INTERIM REPORT 2019 (SUMMARY)
Part I Important Notes
This Summary is based on the full text of the 2019 Interim Report of Lu Thai Textile Co., Ltd. (together with its consolidated
subsidiaries, the “Company”, except where the context otherwise requires). In order for a full understanding of the Company’s
operating results, financial condition and future development plans, investors should carefully read the aforesaid full text, which has
been disclosed together with this Summary on the media designated by the China Securities Regulatory Commission (the “CSRC”).
All the directors of the Company except for the following attended in person the Board meeting for the review of this Report and its
summary.
Reason for not attending the Proxy entrusted to attend the
Name Office title meeting in person meeting
Fujiwara Hidetoshi Director For reason of other work Qin Guiling
Independent auditor’s modified opinion:
□ Applicable √ Not applicable
Board-approved interim cash and/or stock dividend plan for ordinary shareholders:
□ Applicable √ Not applicable
The Company has no interim dividend plan, either in the form of cash or stock.
Board-approved interim cash and/or stock dividend plan for preferred shareholders:
□ Applicable √ Not applicable
This Report and its summary have been prepared in both Chinese and English. Should there be any discrepancies or
misunderstandings between the two versions, the Chinese versions shall prevail.
1
Lu Thai Textile Co., Ltd. Interim Report 2019 (Summary)
Part II Key Corporate Information
1. Stock Profile
Stock name LTTC, LTTC-B Stock code 000726, 200726
Stock exchange for stock listing Shenzhen Stock Exchange
Contact information Board Secretary Securities Representative
Name Zhang Keming Zheng Weiyin and Li Kun
No. 81, Songling East Road, Zichuan No. 81, Songling East Road, Zichuan
Office address
District, Zibo, Shandong, P.R.China District, Zibo, Shandong, P.R.China
Tel. 0533-5277008 0533-5285166
E-mail address zhangkeming@lttc.com.cn wyzheng@lttc.com.cn，likun@lttc.com.cn
2. Key Financial Information
Indicate by tick mark whether there is any retrospectively restated datum in the table below.
√ Yes □ No
Accounting policy changes resulted in the retrospective restatements in the following table.
H1 2018 Change (%)
H1 2019
Before Restated Restated
Operating revenue (RM B) 3,185,448,344.01 3,281,014,155.43 3,280,407,775.82 -2.89%
Net profit attributable to the listed
411,446,216.59 377,355,959.02 377,355,959.02 9.03%
company’s shareholders (RM B)
Net profit attributable to the listed
company’s shareholders before 376,816,535.93 366,948,339.88 366,432,917.21 2.83%
exceptional gains and losses (RM B)
Net cash generated from/used in operating
119,717,062.57 697,784,710.77 697,784,710.77 -82.84%
activities (RM B)
Basic earnings per share (RM B/share) 0.48 0.41 0.41 17.07%
Diluted earnings per share (RM B/share) 0.48 0.41 0.41 17.07%
Weighted average return on equity (%) 5.70% 5.13% 5.13% 0.57%
31 December 2018 Change (%)
30 June 2019
Before Restated Restated
Total assets (RMB) 11,202,182,466.95 10,537,759,811.84 10,537,759,811.84 6.31%
Equity attributable to the listed company’s 7,135,598,465.75 7,146,548,467.86 7,146,548,467.86 -0.15%
shareholders (RM B)
3. Shareholders and Their Holdings as at 30 June 2019
Unit: share
Number of ordinary shareholders 55,045 Number of preferred shareholders with resumed voting rights (if any) 0
Top 10 shareholders
Shares in
Shareholding Number of Restricted pledge or
Name of shareholder Nature of shareholder frozen
percentage shares shares
Status Shares
Domestic
Zibo Lucheng Textile Investment Co., Ltd. non-state-owned legal 16.36% 140,353,583 0
person
Tailun (Thailand) Textile Co., Ltd. Foreign legal person 13.78% 118,232,400 118,232,4
2
Lu Thai Textile Co., Ltd. Interim Report 2019 (Summary)
00
Hong Kong Securities Clearing Co. Ltd Foreign legal person 3.03% 25,985,611 0
State-owned legal
Central Huijin Assets M anagement Co., Ltd. 2.37% 20,315,300 0
person
T.Rowe Price Intl Discovery Fund Foreign legal person 2.32% 19,948,219 0
Domestic
China Securities Finance Corporation Limited non-state-owned legal 2.13% 18,313,391 0
person
Hong Kong M onetary Authority -self-owned
Foreign legal person 2.04% 17,487,884 0
funds
National Social Security Fund Portfolio 103 Other 1.34% 11,499,947 0
National Social Security Fund Portfolio 413 Other 0.93% 7,980,051 0
RBC Emerging M arkets Small Cap Equity Fund Foreign legal person 0.72% 6,181,462 0
Zibo Lucheng Textile Investment Co., Ltd. is the largest
shareholder and the actual controller of the Company.
Tailun (Thailand) Textile Co., Ltd. is the second largest
Related or acting-in-concert parties among the shareholders above shareholder and the foreign sponsor of the Company. All
the other shareholders are holding tradable A-shares or
B-shares. And it is unknown whether there is any related
party or acting-in-concert party among them.
Shareholders involved in securities margin trading (if any) N/A
4. Change of the Controlling Shareholder or the Actual Controller in the Reporting Period
Change of the controlling shareholder in the Reporting Period:
□ Applicable √ Not applicable
The controlling shareholder remained the same in the Reporting Period.
Change of the actual controller in the Reporting Period:
□ Applicable √ Not applicable
The actual controller remained the same in the Reporting Period.
5. Number of Preferred Shareholders and Shareholdings of Top 10 of Them
□ Applicable √ Not applicable
No preferred shareholders in the Reporting Period.
6. Corporate bonds
Does the Company have any corporate bonds publicly offered on the stock exchange, which were outstanding before the date of this
Report’s approval or were due but could not be redeemed in full?
No.
Part III Operating Performance Discussion and Analysis
1. Business Overview of the Reporting Period
Is the Company subject to any industry -specific disclosure requirements?
No.
3
Lu Thai Textile Co., Ltd. Interim Report 2019 (Summary)
For the Reporting Period, the Company recorded operating revenue of RM B3,185 million, an operating profit of RM B495 million, a
net profit attributable to the listed company’s shareholders of RM B411 million and a net profit before exceptional gains and loss es of
RM B377 million, down 2.89% and up 9.33%, 9.03% and 2.83% respectively from the same period of last year. No changes have
occurred to the principal activities, the main profit sources and structure of the Company in this period.
During the Reporting Period, the Company continued to steadily promote “Improving Quality and Efficiency” and “Comprehensive
Internationalization”, maintaining the sound, stable and sustained development trend; made steady progress in its overseas expansion
programme and basically achieved the design expectation; and enhanced market survey for further communication with customers
and improved the “manufacturing + design” service ability, which accelerated market extension efficiency. The Company deepened
its relationship with customers through proactive measures such as adjustment of product structure, integration of supply chains,
design and development connection, brand cooperation and e-commerce platforms and facing new characteristics and new demands
of the market, kept improving product design concept and innovating service mode to meet market demand and keep up with the
development trends. During the Reporting Period, the Company was honored as “Top 100 Garment M akers 2018” by the China
National Garment Association, “Top 100 Private Enterprises with the Highest Brand Value of Shandong Province” and “High -End
Brand Builders in the M anufacturing Sector of Shandong Province” by the Shandong Council for Brand Development.
During the Reporting Period, the Company continued to persist in R&D investments, making new achievements in the application of
new materials, research of new fabrics, key technologies of new product development and research of equipment upgrading by means
of organizing science and technology lectures as well as cooperating with prominent domestic colleges. Two key R&D projects
included in China’s 13th Five-Year Plan, which are conducted by the Company, have passed the interim examination. As of the end
of the Reporting Period, the Company had 379 granted patents and 3 software copyrights; as well as had hosted or participated in the
formulation of 50 national and industrial standards.
During the Reporting Period, the design work of products targeting western and female consumers, etc. was completed for the
autumn and winter of 2020, which consist of 71 series under eight themes. The relevant promotion activities, samples and specific
design are underway together with the business department.
At the current stage, Lu Thai, with natural fabric as its flagship, multi-component functional fiber fabric as its spearhead,
wash-and-wear non-ironing technology as its core competency, the latest consumption trend as its guidance and internationalized
industrial manufacturing as its basis, is sparing every effort to attain a global integrated development, so as to ensure its leading
position in the yarn-dyed shirt fabric sector.
2. Matters Related to Financial Reporting
(1) Changes to Accounting Policies, Accounting Estimates or Measurement Methods Compared to the Last
Accounting Period
□ Applicable √ Not applicable
No such changes.
4
Lu Thai Textile Co., Ltd. Interim Report 2019 (Summary)
(2) Retrospective Restatements due to the Correction of Material Accounting Errors in the Reporting
Period
□ Applicable √ Not applicable
No such cases.
(3) Changes to the Scope of Consolidated Financial Statements Compared to the Last Accounting Period
√ Applicable □ Not applicable
Shandong Lulian New M aterials Co., Ltd. (hereinafter refer to as “Lulian New M aterials”) and Lu Thai (Tan Chau) Textile Co., Ltd.
(hereinafter refer to as “Lu Thai Tan Chau”) were incorporated as a subsidiary and a sub-subsidiary of the Company respectively
during the Reporting Period.
Chairman of the Board: Liu Zibin
Lu Thai Textile Co., Ltd.
3 August 2019
5
