Lu Thai Textile Co., Ltd. Semi-Annual Report 2017 (Abstract)
Stock Code: 000726, 200726 Stock Name: Lu Thai A, Lu Thai B Announcement No.: 2017-033
LU THAI TEXTILE CO., LTD.
SEMI-ANNUAL REPORT 2017 (ABSTRACT)
I Important Notes
This Abstract is based on the full text of the Semi-Annual Report. In order for a full understanding of the operating results, financial
condition and future development planning of the Company, investors are kindly reminded to read the full text carefully on the media
designated by the China Securities Regulatory Commission (the “CSRC”).
Statement:
Except for the following directors, all the other directors attended in person the board meeting for the review of this Report.
Reason for not attending in
Name Office title Proxy
person
Bi Xiuli Independent Director For reason of work Xu Jianjun
Modified auditor’s opinion:
□ Applicable √ Not applicable
Proposal for profit distribution to or converting capital reserve into share capital for common shareholders for the Reporting Period,
which has been considered and approved by the Board:
□ Applicable √ Not applicable
The Company plans not to distribute cash dividends or bonus shares or convert capital reserve into share capital.
Proposal for profit distribution to preference shareholders for the Reporting Period, which has been considered and approved by the
Board:
□ Applicable √ Not applicable
This Abstract has been prepared in both Chinese and English. Should there be any discrepancies or misunderstandings between the
two versions, the Chinese version shall prevail.
II Company Profile
1. Stock Profile
Stock name Lu Thai A, Lu Thai B Stock code 000726, 200726
Stock exchange Shenzhen Stock Exchange
Contact information Board Secretary Securities Representative
Name Qin Guiling Zheng Weiyin, 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. 0533-5266188 0533-5285166
E-mail qinguiling@lttc.com.cn wyzheng@lttc.com.cn, likun@lttc.com.cn
2. Key Consolidated Operating Results
Indicate by tick mark whether the Company needs to retroactively restate any of its accounting data.
□ Yes √ No
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Lu Thai Textile Co., Ltd. Semi-Annual Report 2017 (Abstract)
Same period of
Reporting Period +/- (%)
last year
Operating revenue (RMB) 2,990,459,696.43 2,831,326,773.03 5.62%
Net profit attributable to shareholders of the Company (RMB) 393,069,981.55 344,641,184.73 14.05%
Net profit attributable to shareholders of the Company before
385,081,158.45 333,236,862.51 15.56%
exceptional gains and losses (RMB)
Net cash from operating activities (RMB) 342,919,758.30 563,407,347.43 -39.13%
Basic earnings per share (RMB/share) 0.43 0.37 16.22%
Diluted earnings per share (RMB/share) 0.43 0.37 16.22%
Weighted average return on equity (%) 5.58% 5.10% 0.48%
End of Reporting
End of last year +/- (%)
Period
Total assets (RMB) 9,550,163,874.63 9,407,103,263.34 1.52%
Net assets attributable to shareholders of the Company
6,855,012,927.33 6,937,985,729.19 -1.20%
(RMB)
3. Shareholders and Their Holdings at Period-End
Unit: share
Total number of common Total number of preference shareholders with resumed voting
61,000 0
shareholders at period-end rights at period-end (if any)
Top 10 shareholders
Pledged or frozen
Shareholdi shares
Nature of Total shares Restricted shares
Name of shareholder ng
shareholder held held Numbe
percentage Status
r
Domestic
ZIBO LUCHENG TEXTILE INVESTMENT
non-state-owned 15.21% 140,353,583
CO., LTD.
corporation
Foreign
TAILUN TEXTILE CO., LTD. 12.82% 118,232,400 118,232,400
corporation
HONG KONG SECURITIES CLEARING Foreign
2.59% 23,931,227
COMPANY LTD. corporation
CENTRAL HUIJIN ASSETS State-owned
2.20% 20,315,300
MANAGEMENT CO., LTD. corporation
Foreign
T.ROWE PRICE INTL DISCOVERY FUND 2.16% 19,948,219
corporation
CHINA SECURITIES FINANCE State-owned
1.70% 15,679,091
CORPORATION LIMITED corporation
Foreign
LYNAS ASIA FUND 1.19% 10,956,300
corporation
HUA AN NEW SILK ROAD THEME Domestic
EQUITY SECURITIES INVESTMENT non-state-owned 1.11% 10,200,000
FUND corporation
Foreign
FIRST STATE CHINA A SHARE FUND 0.96% 8,852,681
corporation
Foreign
BNP PARIBAS—SELF-OWNED FUNDS 0.88% 8,131,797
corporation
Zibo Lucheng Textile Investment Co., Ltd. is the largest
shareholder of the Company and the actual controller. Tailun
Related or acting-in-concert parties among shareholders above (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
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Lu Thai Textile Co., Ltd. Semi-Annual Report 2017 (Abstract)
whether there is associated relationship or concerted action
among other shareholders.
Shareholders conducting securities margin trading (if any) N/A
4. Change of Controlling Shareholder or Actual Controller in 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 Preference Shareholders and Shareholdings of Top 10 of Them
□ Applicable √ Not applicable
No preference shareholders in the Reporting Period.
6. Corporate bonds
Does the Company have any corporate bonds publicly offered and listed on the stock exchange, which were undue before the
approval date of this Report or were due but could not be redeemed in full?
No.
III Performance Discussion and Analysis
1. Performance Review for Reporting Period
Is the Company subject to any disclosure requirements for special industries?
No.
For the Reporting Period, the Company achieved, on a consolidated basis, operating revenue of RMB2.99 billion,
an operating profit of RMB490 million, a net profit attributable to the shareholders of the Company (as the parent
company) of RMB393 million and a net profit of RMB385 million before exceptional gains and losses, up 5.62%,
17.03%, 14.05% and 15.56% respectively from the same period of last year. No changes have occurred to the
main business, the main profit sources and structure of the Company in this period.
During the Reporting Period, the Company continued in promoting international production capacity layout,
steadily promoted activities of "improve quality and enhance efficiency" and "market service deepening year",
and maintained the healthy, stable and sustainable development trend of the Company. During the Reporting
Period, the Company's overseas projects run smoothly and basically achieved plan expectations. During the
Reporting Period, the Company actively optimized product structure, focused on development of new products
and customized products, and promoted new products based on different market characteristics. In particular, we
conducted customized R & D services for more than 40 products to meet customer needs and market trend. In the
report period, the Company was appraised as "National Yarn-Dyed Fabric Trend Research Center" by China
Textile Information Center (CTIC) and China Textiles Development Center (CTDC), and appraised as "Top
Twenty Enterprises of China's Dyeing and Printing Industry" by China Dyeing and Printing Association.
During the Reporting Period, the Company and its subsidiaries strictly implemented the "Three Simultaneous"
management system for environmental protection project of construction projects. Supported with perfect waste
gas and water treatment facilities, the management system maintained good synchronous operation with main
production facilities. In April 2017, the Company was appraised as “Industry Leader in the Fourth Sessions of
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Lu Thai Textile Co., Ltd. Semi-Annual Report 2017 (Abstract)
Low Carbon Shandong” by nine units such as Shandong Economic and Information Technology Committee etc.
The Company's subsidiary Beijing Lu Thai Youxian E-Commerce Co., Ltd. provides high-quality tailor-made
services to consumers, and constantly broadens customer range to extend the Company's clothing brand
promotions.
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 Report
(1) Changes in Accounting Policies, Accounting Estimations and Measurement Methods Compared to Last
Accounting Period
□ Applicable √ Not applicable
No such cases.
(2) Retroactive Restatements due to Correction of Significant Accounting Errors in Reporting Period
□ Applicable √ Not applicable
No such cases.
(3) Changes in Scope of Consolidated Financial Statements Compared to Last Accounting Period
□ Applicable √ Not applicable
No such cases.
Board Chairman’s signature: Liu Zibin
Lu Thai Textile Co., Ltd.
August 30, 2017
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