Lu Thai Textile Co., Ltd. Interim Report 2024 (Summary)
Stock Code: 000726, 200726 Stock Name: LTTC, LTTC-B Announcement No. 2024-069
Bond Code: 127016 Bond Name: LTTC Convertible Bonds
LU THAI TEXTILE CO., LTD.
INTERIM REPORT 2024 (SUMMARY)
Part I Important Notes
This Summary is based on the full 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 report, which has been disclosed
together with this Summary on the media designated by the China Securities Regulatory Commission (the “CSRC”).
All the Company’s directors have attended the Board meeting for the review of this Report and its summary.
Independent auditor’s modified opinion:
□ Applicable Not applicable
Board-approved interim cash and/or stock dividend plan for ordinary shareholders:
Applicable □ Not applicable
Bonus issue from capital reserves:
□ Yes No
The Board has approved a final dividend plan as follows: based on the share capital of 817,305,896 shares, a cash dividend of
RMB1.00(tax inclusive) per 10 shares is to be distributed to the shareholders, with no bonus issue from either profit or capital
reserves.
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.
Part II Key Corporate Information
1. Stock Profile
Stock name LTTC, LTTC-B Stock code 000726, 200726
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Lu Thai Textile Co., Ltd. Interim Report 2024 (Summary)
Stock exchange for stock listing Shenzhen Stock Exchange
Previous stock name (if any) N/A
Contact information Board Secretary Securities Representative
Name Zheng Weiyin Li Kun
No. 81, Songling East Road, Zichuan District, No. 81, Songling East Road, Zichuan District,
Office address
Zibo, Shandong, P.R.China Zibo, Shandong, P.R.China
Tel. 0533-5285166 0533-5285166
E-mail address 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
H1 2024 H1 2023 Change (%)
Operating revenue (RMB) 2,830,488,685.61 2,840,491,262.47 -0.35%
Net profit attributable to the listed company’s shareholders
169,559,969.54 221,647,998.15 -23.50%
(RMB)
Net profit attributable to the listed company’s shareholders
263,731,284.55 191,809,861.94 37.50%
before exceptional gains and losses (RMB)
Net cash generated from/used in operating activities (RMB) 451,421,652.69 148,610,216.98 203.76%
Basic earnings per share (RMB/share) 0.21 0.26 -19.23%
Diluted earnings per share (RMB/share) 0.19 0.23 -17.39%
Weighted average return on equity (%) 1.83% 2.42% -0.59%
30 June 2024 31 December 2023 Change (%)
Total assets (RMB) 13,765,510,933.73 13,430,286,222.94 2.50%
Equity attributable to the listed company’s shareholders
9,302,679,873.38 9,230,806,905.80 0.78%
(RMB)
3. Shareholders and Their Holdings as at the End of the Reporting Period
Unit: share
Number of ordinary Number of preferred shareholders with resumed voting
45,713 0
shareholders rights (if any)
Top 10 shareholders (exclusive of shares lent in refinancing)
Sharehol Shares in pledge,
Nature of ding Number of Restricte marked or frozen
Name of shareholder
shareholder percenta shares d shares Shar
Status
ge es
Domestic non-
Zibo Lucheng Textile Investment Co., Ltd. state-owned legal 17.17% 140,353,583 0 N/A 0
person
Foreign legal
Tailun (Thailand) Textile Co., Ltd. 14.10% 115,232,400 0 N/A 0
person
State-owned legal
Central Huijin Assets Management Co., Ltd. 2.43% 19,884,100 0 N/A 0
person
National Social Security Fund Portfolio 413 Other 1.81% 14,760,051 0 N/A 0
ICBC Credit Suisse Innovation Power Stock
Other 1.36% 11,100,000 0 N/A 0
Type Securities Investment Fund
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Lu Thai Textile Co., Ltd. Interim Report 2024 (Summary)
Dongfanghong Zhihua Three-Year Holding
Other 0.90% 7,394,950 0 N/A 0
Mixed Securities Investment Fund
National Social Security Fund Portfolio 502 Other 0.80% 6,537,940 0 N/A 0
Dongfanghong Jingdong Big Data Dynamic
Asset Allocation Mixed Securities Investment Other 0.77% 6,324,582 0 N/A 0
Fund
FEDERATED HERMES GLOBAL
INVESTMENT FD (CAYMAN) MASTER, Foreign legal
0.77% 6,309,111 0 N/A 0
SPC OBOAFTAO FEDERATED HERMES person
EMG ASIA EQUITY FD MASTER S.P.
Dongfanghong Dingyuan 3-Month Fixed Term
Open Mixed Initiating Securities Investment Other 0.73% 5,927,800 0 N/A 0
Fund
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 shareholder
Related or acting-in-concert parties among the shareholders above 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) 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 the
prior period
□Applicable Not applicable
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.
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Lu Thai Textile Co., Ltd. Interim Report 2024 (Summary)
6. Outstanding Bonds at the Date when this Report Was Authorized for Issue
Applicable □ Not applicable
(1) Bond Profile
Abbr Bond Balance
Bond name Date of issue Maturity Coupon rate
. code (RMB’0,000)
LTT First year: 0.3%
C
Second year: 0.6%
Convertible Corporate Con
8 April Third year: 1.0%
Bonds of Lu Thai verti 127016 9 April 2020 139,984.77
2026 Fourth year: 1.5%
Textile Co., Ltd. ble Fifth year: 1.8%
Bon
Sixth year: 2.0%。
ds
(2) Relevant Financial Information as of the End of the Reporting Period
Item 30 June 2024 31 December 2023
Debt/asset ratio 29.58% 28.39%
Item H1 2024 H1 2023
EBITDA-to-interest cover (times) 9.85 10.90
Part III Significant Events
The Proposal on Repurchase of Domestically Listed Foreign Shares (B-Share) was approved at the 10th Meeting of the 10th Board
of Directors and the First Extraordinary General Meeting of 2023. As such, an amount of no more than RMB200 million would be
used to repurchase shares, with a price limit of HKD4.80 per share, within 12 months from the date when the share repurchase
plan was approved at the general meeting. On 21 August 2023, the Company carried out the first repurchase. As of 21 February
2024, the Company had completed the implementation of above-mentioned 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 was HKD218,386,229.84 (inclusive of commissions and alike).
The Company completed the formalities for cancellation of the foregoing repurchased shares at the Shenzhen Branch of China
Securities Depository and Clearing Corporation Limited on 1 March 2024.
Chairman of the Board: Liu Zibin
Lu Thai Textile Co., Ltd.
30 August 2024
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