鲁泰Ｂ：2021年第三季度报告（英文版）.PDF

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1、Lu Thai Textile Co., Ltd. Third Quarterly Report 2021 1 Stock Code: 000726, 200726 Stock Name: LTTC, LTTC-B Announcement No. 2021-066 Bond Code: 127016 Bond Name: LTTC Convertible Bonds LU THAI TEXTILE CO., LTD. THIRD QUARTERLY REPORT 2021 Lu Thai Textile Co., Ltd. (hereinafter referred to as the “C

2、ompany”) and all the members of the Companys 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: 1. The Board of Directors, the Supervisory Committee as

3、well as the directors, supervisors and senior management of the Company hereby guarantee that the contents of this Report are true, accurate and complete and free of any misrepresentations, misleading statements or material omissions, and collectively and individually accept legal responsibility for

4、 such contents. 2. The Companys legal representative, chief accountant and financial manager hereby guarantee that the financial statements carried in this Report are true, accurate and complete. 3. Indicate whether the financial statements in this Report have been audited by an independent auditor.

5、 Yes No 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 2021 YoY change (%) Q1-Q3 2021 YoY change (%) Operating revenue (RMB) 1,346,367,447.24 24.26% 3,566,681,098.18 5.83% Net pro

6、fit attributable to the listed companys shareholders (RMB) 93,666,571.98 293.31% 247,163,916.64 158.37% Net profit attributable to the listed companys shareholders before exceptional gains and losses (RMB) 80,690,683.49 236.11% 134,972,215.57 176.47% Net cash generated from/used in operating activit

7、ies (RMB) 244,668,692.51 -42.89% Basic earnings per share (RMB/share) 0.11 283.33% 0.28 154.55% Diluted earnings per share (RMB/share) 0.10 350.00% 0.26 116.67% Weighted average return on equity (%) 1.18% 1.79% 3.15% 1.91% 30 September 2021 31 December 2020 Change (%) Total assets (RMB) 12,615,024,1

8、24.06 12,129,903,960.65 4.00% Equity attributable to the listed companys shareholders (RMB) 7,978,810,232.59 7,687,577,590.72 3.79% Note: The “Reporting Period” refers to the three month from the beginning of Q3 to the end of Q3. Lu Thai Textile Co., Ltd. Third Quarterly Report 2021 2 (II) Exception

9、al Gains and Losses Applicable Not applicable Unit: RMB Item Q3 2021 Q1-Q3 2021 Note Gain or loss on disposal of non-current assets (inclusive of impairment allowance write-offs) -1,001,224.36 57,530,164.06 Government grants through profit or loss (exclusive of government grants continuously given i

10、n the Companys ordinary course of business at fixed quotas or amounts as per the governments policies and standards) 13,113,241.54 32,202,552.65 Gain or loss on fair-value changes on held-for-trading financial assets and liabilities & income from disposal of held-for-trading financial assets and lia

11、bilities and available-for-sale financial assets (exclusive of the effective portion of hedges that arise in the Companys ordinary course of business) 1,170,947.77 40,175,751.33 Reverse of provision for impairment of accounts receivable individually conducting impairment test 878,712.55 6,265,231.54

12、 Non-operating income and expense other than the above 1,880,760.49 474,839.57 Less: Income tax effects 2,532,803.63 20,551,317.65 Non-controlling interests effects (net of tax) 533,745.87 3,905,520.43 Total 12,975,888.49 112,191,701.07 - Other items that meet the definition of exceptional gain/loss

13、: 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 PublicExceptional Gain/Loss

14、Items: Applicable Not applicable No such cases in the Reporting Period. (III) Changes in Key Financial Information and Explanation of why Applicable Not applicable Item Change (%) Main reason for change Q3 2021 Net profit attributable to the listed companys shareholders 293.31 Along with the easing

15、of the global pandemic, growing overseas demand resulted in a recovery in the Companys production capacity and an increase in unit sales. Meanwhile, expenses went down. Net profit attributable to the listed companys shareholders before exceptional gains and losses 236.11 Basic earnings per share 283

16、.33 Increase in Q3 net profit Diluted earnings per share 350.00 Q1-Q3 2021 Net profit attributable to the listed companys shareholders 158.37 Along with the easing of the global pandemic, growing overseas demand resulted in a recovery in the Companys production capacity and an increase in unit sales

17、. Meanwhile, expenses went down. Additionally, a compensation was received from the Zibo Municipal Government for acquiring the Companys land in Zhangdian Industrial Park as reserve. Net profit attributable to the listed companys shareholders before exceptional gains and 176.47 Along with the easing

18、 of the global pandemic, growing overseas demand resulted in a recovery in the Companys production capacity and an increase in unit sales. Meanwhile, Lu Thai Textile Co., Ltd. Third Quarterly Report 2021 3 losses expenses went down. Net cash generated from/used in operating activities -42.89 Increas

19、e in payments for goods and services Basic earnings per share 154.55 Increase in Q1-Q3 net profit Diluted earnings per share 116.67 II Shareholder Information (I) Numbers of Ordinary Shareholders and Preference Shareholders with Resumed Voting Rights as well as Holdings of Top 10 Shareholders Unit:

20、share Number of ordinary shareholders at the period-end 57,728 Number of preferred shareholders with resumed voting rights at the period-end (if any) 0 Top 10 shareholders Name of shareholder Nature of shareholder Shareholding percentage Total shares held Restricted shares held Shares in pledge, mar

21、ked or frozen Status Shares Zibo Lucheng Textile Investment Co., Ltd. Domestic non-state-owned corporation 15.91% 140,353,583 0 Tailun (Thailand) Textile Co., Ltd. Foreign corporation 13.40% 118,232,400 0 Central Huijin Assets Management Co., Ltd. State-owned corporation 2.30% 20,315,300 0 National

22、Social Security Fund Portfolio 413 Domestic non-state-owned legal person 1.09% 9,660,051 0 Zhong Ou China Securities Asset Management Plan Other 0.59% 5,235,900 0 Dacheng China Securities Asset Management Plan Other 0.59% 5,235,900 0 Harvest China Securities Asset Management Plan Other 0.59% 5,235,9

23、00 0 GF China Securities Asset Management Plan Other 0.59% 5,235,900 0 China China Securities Asset Management Plan Other 0.59% 5,235,900 0 Yinhua China Securities Asset Management Plan Other 0.59% 5,235,900 0 Top 10 unrestricted shareholders Name of shareholder Unrestricted shares held Shares by ty

24、pe Type Shares Zibo Lucheng Textile Investment Co., Ltd. 140,353,583 RMB-denominated ordinary stock 140,353,583 Tailun (Thailand) Textile Co., Ltd. 118,232,400 Domestically listed foreign stock 118,232,400 Central Huijin Assets Management Co., Ltd. 20,315,300 RMB-denominated ordinary stock 20,315,30

25、0 National Social Security Fund Portfolio 413 9,660,051 RMB-denominated ordinary stock 9,660,051 Zhong Ou China Securities Asset 5,235,900 RMB-denominate5,235,900 Lu Thai Textile Co., Ltd. Third Quarterly Report 2021 4 Management Plan d ordinary stock Dacheng China Securities Asset Management Plan 5

26、,235,900 RMB-denominated ordinary stock 5,235,900 Harvest China Securities Asset Management Plan 5,235,900 RMB-denominated ordinary stock 5,235,900 GF China Securities Asset Management Plan 5,235,900 RMB-denominated ordinary stock 5,235,900 China China Securities Asset Management Plan 5,235,900 RMB-

27、denominated ordinary stock 5,235,900 Yinhua China Securities Asset Management Plan 5,235,900 RMB-denominated ordinary stock 5,235,900 Related or acting-in-concert parties among the shareholders above Zibo Lucheng Textile Investment Co., Ltd. is the largest shareholder of the Company and the actual c

28、ontroller. Tailun (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 public A share or B share and the Company is not able to confirm whether there is associated relationship or concerted a

29、ction among other shareholders. Top 10 shareholders engaged in securities margin trading (if any) Naught (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) F

30、inancial Statements 1. Consolidated Balance Sheet Prepared by Lu Thai Textile Co., Ltd. 30 September 2021 Unit: RMB Item 30 September 2021 31 December 2020 Current assets: Monetary assets 2,260,956,397.82 1,400,478,034.81 Held-for-trading financial assets 71,305,416.79 268,456,216.98 Derivative fina

31、ncial assets Notes receivable 195,804,307.90 182,994,110.86 Accounts receivable 471,956,282.74 522,425,219.87 Receivables financing 57,654,544.01 55,150,926.34 Prepayments 60,785,534.47 19,611,775.28 Other receivables 77,877,684.03 105,710,818.69 Including: Interest receivable Dividends receivable 4

32、7,025,975.44 75,488,652.49 Financial assets purchased under resale agreements Inventories 2,138,636,176.51 1,988,968,681.64 Current portion of non-current assets 89,306,443.09 45,750,018.30 Lu Thai Textile Co., Ltd. Third Quarterly Report 2021 5 Other current assets 71,586,792.18 433,432,258.63 Tota

33、l current assets 5,495,869,579.54 5,022,978,061.40 Non-current assets: Long-term receivables 41,053,183.15 Long-term equity investments 125,589,297.38 138,079,577.25 Investments in other equity instruments Other non-current financial assets 156,915,620.25 156,915,620.25 Investment property 21,587,64

34、3.74 22,263,668.85 Fixed assets 5,603,853,514.46 5,661,592,991.66 Construction in progress 299,443,972.96 356,273,197.49 Right-of-use assets 157,350,689.67 Intangible assets 365,649,497.22 373,543,480.84 Development costs Goodwill 20,563,803.29 20,563,803.29 Long-term prepaid expense 856,037.72 118,

35、340,494.60 Deferred income tax assets 142,197,133.84 122,865,841.69 Other non-current assets 225,147,333.99 95,434,040.18 Total non-current assets 7,119,154,544.52 7,106,925,899.25 Total assets 12,615,024,124.06 12,129,903,960.65 Current liabilities: Short-term borrowings 1,072,645,623.71 930,871,00

36、8.19 Held-for-trading financial liabilities Derivative financial liabilities Notes payable Accounts payable 224,347,170.63 243,262,473.69 Advances from customers Contract liabilities 162,389,780.95 141,339,705.62 Employee benefits payable 232,684,862.24 265,648,198.38 Taxes and levies payable 15,214

37、,370.23 36,468,978.77 Other payables 22,609,044.97 17,587,470.79 Including: Interest payable Dividends payable 441,113.64 441,113.64 Current portion of non-current liabilities 19,420,557.20 43,149,400.13 Other current liabilities 88,934,814.49 192,574,674.68 Total current liabilities 1,838,246,224.4

38、2 1,870,901,910.25 Non-current liabilities: Insurance contract reserve Long-term borrowings 692,898,178.35 495,520,342.78 Bonds payable 1,382,885,168.67 1,350,171,526.97 Lease liabilities 26,615,607.16 Long-term payables Long-term employee benefits payable 45,772,995.06 62,137,656.00 Provisions Defe

39、rred income 174,793,765.65 173,862,983.31 Deferred income tax liabilities 83,520,933.47 85,633,161.44 Other non-current liabilities Lu Thai Textile Co., Ltd. Third Quarterly Report 2021 6 Total non-current liabilities 2,406,486,648.36 2,167,325,670.50 Total liabilities 4,244,732,872.78 4,038,227,580

40、.75 Owners equity: Share capital 882,421,067.00 858,132,322.00 Other equity instruments 71,384,758.82 71,386,451.81 Capital reserves 329,042,875.11 255,912,488.01 Less: Treasury stock Other comprehensive income -7,918,800.59 1,308,922.89 Specific reserve Surplus reserves 1,154,017,457.79 1,154,017,4

41、57.79 General reserve Retained earnings 5,549,862,874.46 5,346,819,948.22 Total equity attributable to owners of the Company as the parent 7,978,810,232.59 7,687,577,590.72 Non-controlling interests 391,481,018.69 404,098,789.18 Total owners equity 8,370,291,251.28 8,091,676,379.90 Total liabilities

42、 and owners equity 12,615,024,124.06 12,129,903,960.65 Legal representative: Liu Zibin The Companys chief accountant: Zhang Hongmei The Companys financial manager: Zhang Keming 2. Consolidated Income Statement for Q1Q3 Unit: RMB Item Q1Q3 2021 Q1Q3 2020 1. Revenues 3,566,681,098.18 3,370,258,238.57

43、Including: Operating revenue 3,566,681,098.18 3,370,258,238.57 2. Costs and expenses 3,437,174,000.38 3,257,315,070.05 Including: Cost of sales 2,878,395,430.90 2,561,657,500.48 Taxes and levies 43,478,612.19 53,525,850.22 Selling expense 71,833,118.67 122,956,030.65 Administrative expense 224,935,5

44、95.96 272,613,531.19 Development costs 192,279,069.87 175,435,194.76 Finance costs 26,252,172.79 71,126,962.75 Including: Interest expense 47,286,720.59 55,985,780.35 Interest income 26,653,174.94 21,224,691.86 Add: Other income 32,202,552.65 52,405,567.97 Return on investment (“-” for loss) 42,609,

45、424.69 147,917,281.51 Including: Share of profit or loss of joint ventures and associates 2,390,020.65 -3,542,003.74 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 valu

46、e (“-” for loss) -7,042,658.55 -143,206,715.77 Credit impairment loss (“-” for loss) 8,651,050.43 1,437,305.49 Asset impairment loss (“-” for loss) -21,801,260.48 -51,830,014.22 Asset disposal income (“-” for loss) 57,584,604.74 -384,580.81 3. Operating profit (“-” for loss) 241,710,811.28 119,282,0

47、12.69 Lu Thai Textile Co., Ltd. Third Quarterly Report 2021 7 Add: Non-operating income 3,710,317.82 4,308,532.54 Less: Non-operating expense 3,289,918.95 3,362,400.42 4. Gross profit (“-” for loss) 242,131,210.15 120,228,144.81 Less: Income tax expense 7,627,638.21 28,348,574.44 5. Net profit (“-”

48、for net loss) 234,503,571.94 91,879,570.37 5.1 By operating continuity 5.1.1 Net profit from continuing operations (“-” for net loss) 234,503,571.94 91,879,570.37 5.1.2 Net profit from discontinued operations (“-” for net loss) 5.2 By ownership 5.2.1 Net profit attributable to owners of the Company

49、as the parent 247,163,916.64 95,664,518.83 5.2.1 Net profit attributable to non-controlling interests -12,660,344.70 -3,784,948.46 6. Other comprehensive income, net of tax -9,185,149.27 -33,111,218.31 Attributable to owners of the Company as the parent -9,227,723.48 -33,111,218.31 6.1 Items that wi

50、ll not be reclassified to profit or loss 6.1.1 Changes caused by remeasurements on defined benefit schemes 6.1.2 Other comprehensive income that will not be reclassified to profit or loss under the equity method 6.1.3 Changes in the fair value of investments in other equity instruments 6.1.4 Changes