[三季报]鲁 泰Ｂ(200726):2023年第三季度报告（英文）
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时间：2023年10月27日 16:51:04 中财网 |
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原标题:鲁 泰Ｂ:2023年第三季度报告（英文）
Stock Code: 000726, 200726 Stock Name: LTTC, LTTC-B Announcement No. 2023-086
Bond Code: 127016 Bond Name: LTTC Convertible Bonds
LU THAI TEXTILE CO., LTD.
THIRD QUARTERLY REPORT 2023
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:
1. The Board of Directors, the Supervisory Committee as 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 such contents. 2. The Company’s 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.
□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 2023 | YoY change (%) | Q1-Q3 2023 | YoY change (%) | | Operating revenue (RMB) | 1,502,888,352.91 | -19.89% | 4,343,379,615.38 | -16.58% | | Net profit attributable to the listed company’s
shareholders (RMB) | 113,464,972.86 | -62.43% | 335,112,971.01 | -51.85% | | Net profit attributable to the listed company’s
shareholders before exceptional gains and
losses (RMB) | 110,981,395.05 | -65.54% | 302,791,256.99 | -55.97% | | Net cash generated from/used in operating
activities (RMB) | — | — | 160,657,427.31 | -77.96% | | Basic earnings per share (RMB/share) | 0.13 | -62.86% | 0.39 | -51.25% | | Diluted earnings per share (RMB/share) | 0.13 | -55.17% | 0.36 | -47.06% | | Weighted average return on equity (%) | 1.23% | -2.25% | 3.65% | -4.60% |
| | 30 September 2023 | 31 December 2022 | Change (%) | | Total assets (RMB) | 13,476,324,424.60 | 13,351,097,602.03 | 0.94% | | Equity attributable to the listed company’s
shareholders (RMB) | 9,273,864,621.65 | 9,014,156,872.71 | 2.88% |
(II) Exceptional Gains and Losses
? Applicable □ Not applicable
Unit: RMB
| Item | Q3 2023 | Q1-Q3 2023 | Note | | Gain or loss on disposal of non-current assets (inclusive of impairment
allowance write-offs) | -4,612,199.80 | -4,698,654.99 | | | Government grants through profit or loss (exclusive of government grants
continuously given in the Company’s ordinary course of business at fixed
quotas or amounts as per the government’s policies and standards) | 2,942,562.49 | 30,750,901.56 | | | 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
liabilities and available-for-sale financial assets (exclusive of the effective
portion of hedges that arise in the Company’s ordinary course of business) | 1,362,912.16 | 7,023,017.21 | | | Reverse of provision for impairment of accounts receivable individually
conducting impairment test | 66,352.52 | 2,348,289.65 | | | Non-operating income and expense other than the above | 2,410,405.43 | 3,858,991.82 | | | Less: Income tax effects | 1,018,270.70 | 7,950,754.57 | | | Non-controlling interests effects (net of tax) | -1,331,815.71 | -989,923.34 | | | Total | 2,483,577.81 | 32,321,714.02 | -- |
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
| Item | YoY Change
(%) | Main reason for change | | Q3 2023: | | | | Net profit attributable to the listed company’s
shareholders | -62.43 | Decreased sales volume of fabric | | Net profit attributable to the listed company’s
shareholders before exceptional gains and losses | -65.54 | | | Basic earnings per share | -62.86 | Decreased net profit in Q3 2023 | | Diluted earnings per share | -55.17 | | | Q1-Q3 2023: | | | | Net profit attributable to the listed company’s
shareholders | -51.85 | Decreased sales volume of fabric and increased cost of
sales | | Net profit attributable to the listed company’s
shareholders before exceptional gains and losses | -55.97 | | | Net cash generated from/used in operating activities | -77.96 | Decreased proceeds from sale of commodities and
rendering of services | | Basic earnings per share | -51.25 | Decreased net profit in Q1-Q3 2023 | | Diluted earnings per share | -47.06 | |
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 period-end | 50,588 | Number of preferred shareholders with resumed
voting rights at the period-end (if any) | 0 | | | | | Top 10 shareholders | | | | | | | | Name of shareholder | Nature of
sharehold
er | Shareh
olding
percent
age | Total shares
held | Restricted
shares held | Shares in pledge, marked or frozen | | | | | | | | Status | Shares | | Zibo Lucheng Textile Investment Co.,
Ltd. | Domestic
non-state-
owned
corporatio
n | 16.25% | 140,353,583 | 0 | | | | Tailun (Thailand) Textile Co., Ltd. | Foreign
corporatio
n | 13.69% | 118,232,400 | 0 | | | | Central Huijin Assets Management Co.,
Ltd. | State-
owned
corporatio
n | 2.30% | 19,884,100 | 0 | | | | National Social Security Fund Portfolio
413 | Other | 1.64% | 14,190,051 | 0 | | | | ICBC Credit Suisse Innovation Power
Stock Type Securities Investment Fund | Other | 1.38% | 11,910,000 | 0 | | | | ICBC Credit Suisse Selected Balanced
Mixed Securities Investment Fund | Other | 0.84% | 7,230,000 | 0 | | | | FEDERATED HERMES GLOBAL
INVESTMENT FD (CAYMAN)
MASTER, SPC OBOAFTAO
FEDERATED HERMES EMG ASIA
EQUITY FD MASTER S.P. | Foreign
legal
person | 0.72% | 6,200,183 | 0 | | | | Dacheng China Securities Asset
Management Plan | Other | 0.60% | 5,144,200 | 0 | | | | Dongfanghong Dingyuan 3-Month Fixed
Term Open Mixed Initiating Securities
Investment Fund | Other | 0.57% | 4,900,100 | 0 | | | | GF China Securities Asset Management
Plan | Other | 0.56% | 4,833,300 | 0 | | | | Top 10 unrestricted shareholders | | | | | | | | Name of shareholder | Unrestricted shares held | Shares by type and number | | | | | | | | 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. | 19,884,100 | RMB-
denominated
ordinary stock | 19,884,100 | | National Social Security Fund Portfolio 413 | 14,190,051 | RMB-
denominated
ordinary stock | 14,190,051 | | ICBC Credit Suisse Innovation Power Stock Type
Securities Investment Fund | 11,910,000 | RMB-
denominated
ordinary stock | 11,910,000 | | ICBC Credit Suisse Selected Balanced Mixed Securities
Investment Fund | 7,230,000 | RMB-
denominated
ordinary stock | 7,230,000 | | FEDERATED HERMES GLOBAL INVESTMENT FD
(CAYMAN) MASTER, SPC OBOAFTAO
FEDERATED HERMES EMG ASIA EQUITY FD
MASTER S.P. | 6,200,183 | Domestically
listed foreign
stock | 6,200,183 | | Dacheng China Securities Asset Management Plan | 5,144,200 | RMB-
denominated
ordinary stock | 5,144,200 | | Dongfanghong Dingyuan 3-Month Fixed Term Open
Mixed Initiating Securities Investment Fund | 4,900,100 | RMB-
denominated
ordinary stock | 4,900,100 | | GF China Securities Asset Management Plan | 4,833,300 | RMB-
denominated
ordinary stock | 4,833,300 | | 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 controller. 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 action 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
The Company held the First Extraordinary General Meeting of 2023 on 6 July 2023, where the Proposal on Repurchase of
Domestically Listed Foreign Shares (B-shares) was approved, and disclosed the Report on Repurchase of Domestically Listed
Foreign Shares (B-shares) on 7 July 2023. On 21 August 2023, the Company carried out the first repurchase. As of 30 September
2023, the Company had repurchased a total of 20,883,507 B-shares (or 2.42% of the Company’s total share capital) by way of
centralized bidding. With the highest repurchase price being HKD4.73/share and the lowest being HKD4.53/share, the total payment
for this repurchase plan was HKD98,007,260.39 (inclusive of commissions and alike). IV Quarterly Financial Statements
(I) Financial Statements
1. Consolidated Balance Sheet
Prepared by Lu Thai Textile Co., Ltd.
30 September 2023
Unit: RMB
| Item | 30 September 2023 | 1 January 2023 | | Current assets: | | | | Monetary assets | 1,123,765,183.60 | 2,067,768,253.97 | | Held-for-trading financial assets | 963,968,116.16 | 267,695,159.48 | | Derivative financial assets | | | | Notes receivable | 245,128,865.70 | 168,755,715.84 | | Accounts receivable | 569,549,816.69 | 660,427,526.19 | | Receivables financing | 17,060,057.34 | 11,208,304.78 | | Prepayments | 107,659,937.81 | 95,021,598.32 | | Other receivables | 31,991,728.90 | 89,855,659.99 | | Including: Interest receivable | | | | Dividends receivable | | 18,563,298.39 | | Inventories | 2,320,596,612.35 | 2,107,849,708.33 | | Other current assets | 118,480,837.77 | 76,847,903.07 | | Total current assets | 5,498,201,156.32 | 5,545,429,829.97 | | Non-current assets: | | | | Long-term equity investments | 189,776,161.84 | 184,168,625.69 | | Investments in other equity
instruments | | | | Other non-current financial assets | 89,080,000.00 | 337,110,000.00 | | Investment property | 19,803,836.54 | 20,460,935.21 | | Fixed assets | 5,601,352,580.33 | 5,807,847,850.67 | | Construction in progress | 945,643,094.37 | 199,943,501.73 | | Right-of-use assets | 479,479,004.42 | 481,420,505.31 | | Intangible assets | 345,389,461.66 | 352,889,578.06 | | Development costs | | | | Goodwill | 20,563,803.29 | 20,563,803.29 | | Long-term prepaid expense | 2,978,651.12 | 2,948,981.97 | | Deferred income tax assets | 143,640,247.16 | 155,774,523.25 | | Other non-current assets | 140,416,427.55 | 242,539,466.88 | | Total non-current assets | 7,978,123,268.28 | 7,805,667,772.06 | | Total assets | 13,476,324,424.60 | 13,351,097,602.03 | | Current liabilities: | | | | Short-term borrowings | 579,930,446.20 | 518,946,415.96 | | Held-for-trading financial liabilities | 35,492,510.01 | 4,276,929.70 | | Derivative financial liabilities | | | | Notes payable | | 55,450,000.00 | | Accounts payable | 220,408,264.53 | 246,588,463.74 | | Advances from customers | | | | Contract liabilities | 178,207,218.40 | 206,879,672.53 | | Employee benefits payable | 285,580,466.87 | 330,027,159.72 | | Taxes and levies payable | 31,675,948.96 | 31,483,442.06 | | Other payables | 50,352,521.20 | 83,357,296.71 | | Including: Interest payable | | | | Dividends payable | 441,113.64 | 441,113.64 | | Current portion of non-current
liabilities | 196,288,854.12 | 307,921,837.35 | | Other current liabilities | 65,175,380.22 | 66,889,025.17 | | Total current liabilities | 1,643,111,610.51 | 1,851,820,242.94 | | Non-current liabilities: | | | | Long-term borrowings | 261,710,274.16 | 186,431,096.24 | | Bonds payable | 1,463,278,946.78 | 1,438,162,231.27 | | Lease liabilities | 90,863,511.11 | 98,501,303.83 | | Long-term payables | | | | Long-term employee benefits payable | 57,417,997.65 | 57,417,997.65 | | Provisions | | | | Deferred income | 152,025,077.46 | 159,615,037.36 | | Deferred income tax liabilities | 154,682,285.28 | 151,243,432.80 | | Other non-current liabilities | | | | Total non-current liabilities | 2,179,978,092.44 | 2,091,371,099.15 | | Total liabilities | 3,823,089,702.95 | 3,943,191,342.09 | | Owners’ equity: | | | | Share capital | 863,607,634.00 | 887,633,151.00 | | Other equity instruments | 71,383,728.77 | 71,383,830.75 | | Capital reserves | 333,751,501.28 | 395,872,135.71 | | Less: Treasury stock | 118,417,533.20 | 154,396,198.73 | | Other comprehensive income | 167,636,242.15 | 107,628,898.09 | | Specific reserve | 1,115,773.65 | | | Surplus reserves | 1,215,124,336.54 | 1,215,124,336.54 | | General reserve | | | | Retained earnings | 6,739,662,938.46 | 6,490,910,719.35 | | Total equity attributable to owners of the
Company as the parent | 9,273,864,621.65 | 9,014,156,872.71 | | Non-controlling interests | 379,370,100.00 | 393,749,387.23 | | Total owners’ equity | 9,653,234,721.65 | 9,407,906,259.94 | | Total liabilities and owners’ equity | 13,476,324,424.60 | 13,351,097,602.03 |
Legal representative: Liu Zibin The Company’s chief accountant: Zhang Keming
The Company’s financial manager: Zhang Keming
2. Consolidated Income Statement for Q1~Q3
Unit: RMB
| Item | Q1~Q3 2023 | Q1~Q3 2022 | | 1. Revenues | 4,343,379,615.38 | 5,206,422,889.50 | | Including: Operating revenue | 4,343,379,615.38 | 5,206,422,889.50 | | 2. Costs and expenses | 3,961,187,521.18 | 4,261,512,476.47 | | Including: Cost of sales | 3,367,798,201.96 | 3,850,817,744.47 | | Taxes and levies | 51,710,880.20 | 55,064,913.87 | | Selling expense | 99,779,947.00 | 91,979,470.34 | | Administrative expense | 282,144,753.70 | 281,331,829.22 | | Development costs | 189,722,944.72 | 185,127,476.13 | | Finance costs | -29,969,206.40 | -202,808,957.56 | | Including: Interest expense | 62,229,138.75 | 68,286,145.08 | | Interest income | 38,423,491.50 | 37,133,045.19 | | Add: Other income | 30,625,776.56 | 42,259,767.72 | | Return on investment (“-” for loss) | 55,261,510.68 | -7,289,966.58 | | Including: Share of profit or loss of joint ventures and
associates | 5,607,536.15 | -9,771,373.43 | | 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 value (“-” for loss) | -42,630,957.32 | -37,118,426.22 | | Credit impairment loss (“-” for loss) | 9,173,784.96 | -7,461,737.20 | | Asset impairment loss (“-” for loss) | -73,776,454.27 | -148,491,843.12 | | Asset disposal income (“-” for loss) | -4,600,817.87 | 1,214,440.32 | | 3. Operating profit (“-” for loss) | 356,244,936.94 | 788,022,647.95 | | Add: Non-operating income | 6,999,573.15 | 5,681,260.63 | | Less: Non-operating expense | 3,238,418.45 | 3,045,887.88 | | 4. Gross profit (“-” for loss) | 360,006,091.64 | 790,658,020.70 | | Less: Income tax expense | 39,272,407.86 | 85,120,535.89 | | 5. Net profit (“-” for net loss) | 320,733,683.78 | 705,537,484.81 | | 5.1 By operating continuity | | | | 5.1.1 Net profit from continuing operations (“-” for net loss) | 320,733,683.78 | 705,537,484.81 | | 5.1.2 Net profit from discontinued operations (“-” for net loss) | | | | 5.2 By ownership | | | | 5.2.1 Net profit attributable to shareholders of the Company as
the parent (“-” for net loss) | 335,112,971.01 | 695,966,469.00 | | 5.2.1 Net profit attributable to non-controlling interests (“-” for
net loss) | -14,379,287.23 | 9,571,015.81 | | 6. Other comprehensive income, net of tax | 60,007,344.06 | 174,235,058.73 | | Attributable to owners of the Company as the parent | 60,007,344.06 | 174,235,058.73 | | 6.1 Items that will 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 in the fair value arising from changes in own
credit risk | | | | 6.1.5 Other | | | | 6.2 Items that will be reclassified to profit or loss | 60,007,344.06 | 174,235,058.73 | | 6.2.1 Other comprehensive income that will be reclassified to
profit or loss under the equity method | | | | 6.2.2 Changes in the fair value of other debt investments | | | | 6.2.3 Other comprehensive income arising from the
reclassification of financial assets | | | | 6.2.4 Credit impairment allowance for other debt investments | | | | 6.2.5 Reserve for cash flow hedges | | | | 6.2.6 Differences arising from the translation of foreign
currency-denominated financial statements | 60,321,769.50 | 174,147,637.94 | | 6.2.7 Other | -314,425.44 | 87,420.79 | | Attributable to non-controlling interests | | | | 7. Total comprehensive income | 380,741,027.84 | 879,772,543.54 | | 7.1 Attributable to owners of the Company as the parent | 395,120,315.07 | 870,201,527.73 | | 7.2 Attributable to non-controlling interests | -14,379,287.23 | 9,571,015.81 | | 8. Earnings per share | | | | 8.1 Basic earnings per share | 0.39 | 0.80 | | 8.2 Diluted earnings per share | 0.36 | 0.68 |
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
3. Consolidated Cash Flow Statement for Q1~Q3
Unit: RMB
| Item | Q1~Q3 2023 | Q1~Q3 2022 | | 1. Cash flows from operating activities: | | | | Proceeds from sale of commodities and rendering of services | 4,082,732,904.05 | 4,948,795,995.75 | | Tax and levy rebates | 111,908,970.46 | 139,638,698.35 | | Cash generated from other operating activities | 88,268,626.57 | 39,167,849.67 | | Subtotal of cash generated from operating activities | 4,282,910,501.08 | 5,127,602,543.77 | | Payments for commodities and services | 2,671,747,269.74 | 2,961,997,864.79 | | Cash paid to and for employees | 1,220,030,753.31 | 1,174,509,559.57 | | Taxes and levies paid | 98,333,908.79 | 147,611,564.29 | | Cash used in other operating activities | 132,141,141.93 | 114,394,732.80 | | Subtotal of cash used in operating activities | 4,122,253,073.77 | 4,398,513,721.45 | | Net cash generated from/used in operating activities | 160,657,427.31 | 729,088,822.32 | | 2. Cash flows from investing activities: | | | | Proceeds from disinvestment | 2,435,012,962.14 | 73,323,521.50 | | Return on investment | 28,169,612.15 | 30,382,568.02 | | Net proceeds from the disposal of fixed assets, intangible assets and
other long-lived assets | 5,799,244.29 | 6,734,473.05 | | Net proceeds from the disposal of subsidiaries and other business
units | | | | Cash generated from other investing activities | 85,031,721.32 | 41,312,947.23 | | Subtotal of cash generated from investing activities | 2,554,013,539.90 | 151,753,509.80 | | Payments for the acquisition of fixed assets, intangible assets and
other long-lived assets | 544,637,761.00 | 249,612,464.61 | | Payments for investments | 2,947,560,711.64 | 380,000,000.00 | | Cash used in other investing activities | 18,025,985.58 | 172,976,756.21 | | Subtotal of cash used in investing activities | 3,510,224,458.22 | 802,589,220.82 | | Net cash generated from/used in investing activities | -956,210,918.32 | -650,835,711.02 | | 3. Cash flows from financing activities: | | | | Capital contributions received | | 19,086,927.80 | | Including: Capital contributions by non-controlling interests to
subsidiaries | | | | Borrowings received | 998,315,156.40 | 1,147,983,807.40 | | Cash generated from other financing activities | | | | Subtotal of cash generated from financing activities | 998,315,156.40 | 1,167,070,735.20 | | Repayment of borrowings | 955,264,496.55 | 1,444,841,681.89 | | Interest and dividends paid | 107,775,332.89 | 97,315,472.76 | | Including: Dividends paid by subsidiaries to non-controlling
interests | | | | Cash used in other financing activities | 111,329,581.84 | 66,765,540.66 | | Subtotal of cash used in financing activities | 1,174,369,411.28 | 1,608,922,695.31 | | Net cash generated from/used in financing activities | -176,054,254.88 | -441,851,960.11 | | 4. Effect of foreign exchange rates changes on cash and cash
equivalents | 11,527,014.35 | 83,690,400.22 | | 5. Net increase in cash and cash equivalents | -960,080,731.54 | -279,908,448.59 | | Add: Cash and cash equivalents, beginning of the period | 1,822,897,270.16 | 1,970,006,884.89 | | 6. Cash and cash equivalents, end of the period | 862,816,538.62 | 1,690,098,436.30 |
(II) Adjustments to Financial Statement Items at the Beginning of the Year of the First Implementation of
the New Accounting Standards Implemented since 2023
□ 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.
28 October 2023
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