[一季报]鲁 泰Ｂ(200726):2024年第一季度报告（英文）
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时间：2024年04月27日 19:36:14 中财网 |
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原标题:鲁 泰Ｂ:2024年第一季度报告（英文）
Stock Code: 000726, 200726 Stock Name: LTTC, LTTC-B Announcement No. 2024-032
Bond Code: 127016 Bond Name: LTTC Convertible Bonds
LU THAI TEXTILE CO., LTD.
FIRST QUARTERLY REPORT 2024
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
This Report has been prepared in both Chinese and English. Should there be any discrepancies or misunderstandings between the
two versions, the Chinese version shall prevail.
I Key Financial Information
(I) Key Accounting Data and Financial Indicators
Indicate whether there is any retrospectively restated datum in the table below.
| | Q1 2024 | Q1 2023 | YoY change (%) | | Operating revenue (RMB) | 1,382,655,063.47 | 1,378,301,160.57 | 0.32% | | Net profit attributable to the listed company’s
shareholders (RMB) | 68,241,726.33 | 95,759,162.05 | -28.74% | | Net profit attributable to the listed company’s
shareholders before exceptional gains and losses (RMB) | 122,504,699.15 | 51,332,367.74 | 138.65% | | Net cash generated from/used in operating activities
(RMB) | 93,395,090.36 | -36,789,172.94 | 353.87% | | Basic earnings per share (RMB/share) | 0.08 | 0.11 | -27.27% | | Diluted earnings per share (RMB/share) | 0.08 | 0.10 | -20.00% | | Weighted average return on equity (%) | 0.74% | 1.06% | -0.32% | | | 31 March 2024 | 31 December 2023 | Change (%) | | Total assets (RMB) | 13,876,740,262.84 | 13,430,286,222.94 | 3.32% | | Equity attributable to the listed company’s shareholders
(RMB) | 9,270,034,568.19 | 9,230,806,905.80 | 0.42% |
(II) Exceptional Gains and Losses
? Applicable □ Not applicable
| Item | Q1 2024 | Note | | Gain or loss on disposal of non-current assets (inclusive of impairment allowance write-
offs) | -324,538.89 | | | Government grants recognised in profit or loss (exclusive of those that are closely
related to the Company's normal business operations and given in accordance with
defined criteria and in compliance with government policies, and have a continuing
impact on the Company's profit or loss) | 12,013,904.08 | | | Gain or loss on fair-value changes in financial assets and liabilities held by a non-
financial enterprise, as well as on disposal of financial assets and liabilities (exclusive
of the effective portion of hedges that is related to the Company's normal business
operations) | -76,232,111.33 | | | Non-operating income and expense other than the above | 534,227.42 | | | Less: Income tax effects | -9,266,243.61 | | | Non-controlling interests effects (net of tax) | -479,302.29 | | | Total | -54,262,972.82 | |
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
| Item | Change (%) | Main reason for change | | Q1 2024 | | | | Net profit attributable to the listed
company’s shareholders before
exceptional gains and losses | 138.65% | Decrease in sales costs and finance costs for Q1 2024 | | Net cash generated from/used in
operating activities (RMB) | 353.87% | Decrease in cash paid for purchasing goods and accepting
labor services for Q1 2024 |
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 | 48,031 | Number of preferred shareholders with resumed
voting rights at the period-end (if any) | 0 | | | | | Top 10 shareholders (exclusive of shares lent in refinancing) | | | | | | | | Name of shareholder | Nature of
shareholde
r | Sharehol
ding
percenta
ge | 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 | 17.17% | 140,353,583.00 | 0.00 | N/A | 0.00 | | Tailun (Thailand) Textile
Co., Ltd. | Foreign
corporatio
n | 14.10% | 115,232,400.00 | 0.00 | N/A | 0.00 | | Central Huijin Assets
Management Co., Ltd. | State-
owned
corporatio
n | 2.43% | 19,884,100.00 | 0.00 | N/A | 0.00 | | National Social Security
Fund Portfolio 413 | Other | 1.74% | 14,190,051.00 | 0.00 | N/A | 0.00 | | ICBC Credit Suisse
Innovation Power Stock
Securities Investment
Fund | Other | 1.36% | 11,100,000.00 | 0.00 | N/A | 0.00 | | Dongfanghong Zhihua
Three-Year Holding
Mixed Securities
Investment Fund | Other | 0.90% | 7,394,950.00 | 0.00 | N/A | 0.00 | | Dacheng Selected Mixed
Securities Investment
Fund (LOF) | Other | 0.78% | 6,350,000.00 | 0.00 | N/A | 0.00 | | Dongfanghong Jingdong
Big Data Dynamic Asset
Allocation Mixed
Securities Investment
Fund | Other | 0.77% | 6,324,582.00 | 0.00 | N/A | 0.00 | | FEDERATED HERMES
GLOBAL
INVESTMENT FD
(CAYMAN) MASTER,
SPC OBOAFTAO
FEDERATED HERMES
EMG ASIA EQUITY
FD MASTER S.P. | Foreign
corporatio
n | 0.76% | 6,200,183.00 | 0.00 | N/A | 0.00 | | Dongfanghong New
Power Dynamic Asset
Allocation Mixed
Securities Investment
Fund | Other | 0.71% | 5,821,030.00 | 0.00 | N/A | 0.00 | | Top 10 unrestricted shareholders | | | | | | |
| Name of shareholder | Unrestricted shares held | Shares by type | | | | | Type | Shares | | Zibo Lucheng Textile Investment Co.,
Ltd. | 140,353,583.00 | RMB-
denominated
ordinary stock | 140,353,583.00 | | Tailun (Thailand) Textile Co., Ltd. | 115,232,400.00 | Domestically
listed foreign
stock | 115,232,400.00 | | Central Huijin Assets Management
Co., Ltd. | 19,884,100.00 | RMB-
denominated
ordinary stock | 19,884,100.00 | | National Social Security Fund
Portfolio 413 | 14,190,051.00 | RMB-
denominated
ordinary stock | 14,190,051.00 | | ICBC Credit Suisse Innovation Power
Stock Securities Investment Fund | 11,100,000.00 | RMB-
denominated
ordinary stock | 11,100,000.00 | | Dongfanghong Zhihua Three-Year
Holding Mixed Securities Investment
Fund | 7,394,950.00 | RMB-
denominated
ordinary stock | 7,394,950.00 | | Dacheng Selected Mixed Securities
Investment Fund (LOF) | 6,350,000.00 | RMB-
denominated
ordinary stock | 6,350,000.00 | | Dongfanghong Jingdong Big Data
Dynamic Asset Allocation Mixed
Securities Investment Fund | 6,324,582.00 | RMB-
denominated
ordinary stock | 6,324,582.00 | | FEDERATED HERMES GLOBAL
INVESTMENT FD (CAYMAN)
MASTER, SPC OBOAFTAO
FEDERATED HERMES EMG ASIA
EQUITY FD MASTER S.P. | 6,200,183.00 | Domestically
listed foreign
stock | 6,200,183.00 | | Dongfanghong New Power Dynamic
Asset Allocation Mixed Securities
Investment Fund | 5,821,030.00 | RMB-
denominated
ordinary stock | 5,821,030.00 | | 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 | | |
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
(II) Number of Preference Shareholders and Shareholdings of Top 10 of Them □Applicable ? Not applicable
III Other Significant Events
? Applicable □ Not applicable
th th
The Proposal on Repurchase of Domestically Listed Foreign Shares (B-Share) was approved at the 10 Meeting of the 10 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 the 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.
IV Quarterly Financial Statements
(I) Financial Statements
1. Consolidated Balance Sheet
Prepared by Lu Thai Textile Co., Ltd.
31 March 2024
| Item | 31 March 2024 | 1 January 2024 | | Current assets: | | | | Monetary assets | 1,783,076,067.10 | 1,558,252,048.03 | | Held-for-trading financial assets | 863,020,314.02 | 723,800,275.39 | | Derivative financial assets | | | | Notes receivable | 80,550,357.78 | 99,642,708.67 | | Accounts receivable | 795,032,833.89 | 826,467,684.78 | | Receivables financing | 46,903,176.04 | 18,248,205.76 | | Prepayments | 115,370,895.84 | 51,863,447.56 | | Other receivables | 35,790,886.04 | 22,168,807.43 | | Including: Interest receivable | | | | Dividends receivable | | | | Inventories | 2,053,468,541.13 | 2,124,139,574.70 | | Other current assets | 151,363,498.80 | 145,112,114.03 | | Total current assets | 5,924,576,570.64 | 5,569,694,866.35 | | Non-current assets: | | | | Long-term equity investments | 170,335,472.46 | 143,537,479.77 | | Investments in other equity instruments | | | | Other non-current financial assets | 88,750,000.00 | 88,750,000.00 | | Investment property | 19,352,515.45 | 19,578,175.93 | | Fixed assets | 5,600,029,079.45 | 5,597,692,505.07 | | Construction in progress | 781,842,610.86 | 868,496,878.41 | | Right-of-use assets | 477,105,968.11 | 463,226,419.21 | | Intangible assets | 340,669,933.98 | 343,347,879.42 | | Development costs | | | | Goodwill | 20,563,803.29 | 20,563,803.29 | | Long-term prepaid expense | 4,493,645.72 | 1,815,838.60 | | Deferred income tax assets | 159,399,122.28 | 157,892,110.06 | | Other non-current assets | 289,621,540.60 | 155,690,266.83 | | Total non-current assets | 7,952,163,692.20 | 7,860,591,356.59 | | Total assets | 13,876,740,262.84 | 13,430,286,222.94 | | Current liabilities: | | | | Short-term borrowings | 625,466,667.79 | 580,704,772.27 | | Held-for-trading financial liabilities | 84,227,317.90 | 46,785,831.47 | | Derivative financial liabilities | | | | Notes payable | | | | Accounts payable | 210,353,685.50 | 275,502,915.05 | | Advances from customers | | | | Contract liabilities | 166,416,698.18 | 188,073,335.89 | | Employee benefits payable | 210,708,895.92 | 284,344,973.72 | | Taxes and levies payable | 26,145,230.55 | 42,633,232.55 | | Other payables | 50,712,092.87 | 47,549,373.52 | | Including: Interest payable | | | | Dividends payable | 441,113.64 | 441,113.64 | | Current portion of non-current liabilities | 19,743,274.83 | 96,207,192.49 | | Other current liabilities | 39,379,854.59 | 63,646,908.11 | | Total current liabilities | 1,433,153,718.13 | 1,625,448,535.07 | | Non-current liabilities: | | | | Long-term borrowings | 832,308,382.70 | 259,992,974.40 | | Bonds payable | 1,489,721,662.55 | 1,476,572,070.79 | | Lease liabilities | 102,560,399.23 | 86,580,224.41 | | Long-term payables | | | | Long-term employee benefits payable | 57,276,675.61 | 57,276,675.61 | | Provisions | | | | Deferred income | 149,902,964.22 | 151,768,947.92 | | Deferred income tax liabilities | 152,666,678.66 | 155,178,797.04 | | Other non-current liabilities | | | | Total non-current liabilities | 2,784,436,762.97 | 2,187,369,690.17 | | Total liabilities | 4,217,590,481.10 | 3,812,818,225.24 | | Owners’ equity: | | | | Share capital | 817,431,206.00 | 863,607,634.00 | | Other equity instruments | 71,383,677.78 | 71,383,677.78 | | Capital reserves | 183,565,335.39 | 334,792,614.76 | | Less: Treasury stock | 31,556,265.00 | 193,438,720.78 | | Other comprehensive income | 134,767,287.57 | 131,343,141.63 | | Specific reserve | 3,083,041.71 | | | Surplus reserves | 1,260,661,015.34 | 1,260,661,015.34 | | General reserve | | | | Retained earnings | 6,830,699,269.40 | 6,762,457,543.07 | | Total equity attributable to owners of the
Company as the parent | 9,270,034,568.19 | 9,230,806,905.80 | | Non-controlling interests | 389,115,213.55 | 386,661,091.90 | | Total owners’ equity | 9,659,149,781.74 | 9,617,467,997.70 | | Total liabilities and owners’ equity | 13,876,740,262.84 | 13,430,286,222.94 |
Legal representative: Liu Zibin The Company’s chief accountant: Zhang Keming
The Company’s financial manager: Zhang Keming
2. Consolidated Income Statement
Unit: RMB
| Item | Q1 2024 | Q1 2023 | | 1. Revenues | 1,382,655,063.47 | 1,378,301,160.57 | | Including: Operating revenue | 1,382,655,063.47 | 1,378,301,160.57 | | 2. Costs and expenses | 1,244,353,590.36 | 1,322,345,679.23 | | Including: Cost of sales | 1,057,560,104.34 | 1,092,250,995.98 | | Taxes and levies | 14,398,626.79 | 16,217,092.59 | | Selling expense | 30,889,078.44 | 33,253,553.15 | | Administrative expense | 82,503,138.98 | 82,717,307.27 | | Development costs | 55,902,365.72 | 61,804,412.07 | | Finance costs | 3,100,276.09 | 36,102,318.17 | | Including: Interest costs | 23,744,746.88 | 18,056,914.23 | | Interest revenue | 11,898,037.72 | 14,108,606.20 | | Add: Other income | 11,971,737.41 | 18,522,742.21 | | Return on investment (“-” for loss) | 23,510,003.30 | 38,579,946.99 | | Including: Share of profit or loss of joint ventures and
associates | 26,797,992.69 | 22,919,711.06 | | 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) | -72,944,121.94 | 18,849,156.70 | | Credit impairment loss (“-” for loss) | 1,459,760.70 | 12,305,904.55 | | Asset impairment loss (“-” for loss) | -18,664,995.37 | -37,085,094.15 | | Asset disposal income (“-” for loss) | -324,538.89 | -697,500.60 | | 3. Operating profit (“-” for loss) | 83,309,318.32 | 106,430,637.04 | | Add: Non-operating income | 1,270,516.38 | 1,794,053.25 | | Less: Non-operating expense | 736,288.96 | 216,172.51 | | 4. Gross profit (“-” for loss) | 83,843,545.74 | 108,008,517.78 | | Less: Income tax expense | 13,147,697.76 | 16,514,278.35 | | 5. Net profit (“-” for net loss) | 70,695,847.98 | 91,494,239.43 | | 5.1 By operating continuity | | | | 5.1.1 Net profit from continuing operations (“-” for net loss) | 70,695,847.98 | 91,494,239.43 | | 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 as the
parent | 68,241,726.33 | 95,759,162.05 | | 5.2.1 Net profit attributable to non-controlling interests | 2,454,121.65 | -4,264,922.62 | | 6. Other comprehensive income, net of tax | 3,424,145.94 | -26,786,154.06 | | Attributable to owners of the Company as the parent | 3,424,145.94 | -26,786,154.06 | | 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 | 3,424,145.94 | -26,786,154.06 | | 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 | 3,630,756.31 | -26,687,109.42 | | 6.2.7 Other | -206,610.37 | -99,044.64 | | Attributable to non-controlling interests | | | | 7. Total comprehensive income | 74,119,993.92 | 64,708,085.37 | | Attributable to owners of the Company as the parent | 71,665,872.27 | 68,973,007.99 | | Attributable to non-controlling interests | 2,454,121.65 | -4,264,922.62 | | 8. Earnings per share | | | | 8.1 Basic earnings per share | 0.08 | 0.11 | | 8.2 Diluted earnings per share | 0.08 | 0.10 |
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
| Item | Q1 2024 | Q1 2023 | | 1. Cash flows from operating activities: | | | | Proceeds from sale of commodities and rendering of services | 1,328,838,566.22 | 1,395,297,566.56 | | Tax and levy rebates | 21,402,045.84 | 40,085,910.13 | | Cash generated from other operating activities | 11,744,013.26 | 56,881,830.64 | | Subtotal of cash generated from operating activities | 1,361,984,625.32 | 1,492,265,307.33 | | Payments for commodities and services | 731,355,216.01 | 987,058,521.38 | | Cash paid to and for employees | 450,450,825.71 | 471,044,601.37 | | Taxes and levies paid | 44,309,736.36 | 40,258,178.31 | | Cash used in other operating activities | 42,473,756.88 | 30,693,179.21 | | Subtotal of cash used in operating activities | 1,268,589,534.96 | 1,529,054,480.27 | | Net cash generated from/used in operating activities | 93,395,090.36 | -36,789,172.94 | | 2. Cash flows from investing activities: | | | | Proceeds from disinvestment | 235,961,000.00 | 418,000,000.00 | | Return on investment | 819,660.94 | 1,323,008.67 | | Net proceeds from the disposal of fixed assets, intangible assets
and other long-lived assets | 331,930.00 | 303,764.22 | | Net proceeds from the disposal of subsidiaries and other business
units | | | | Cash generated from other investing activities | 50,607,322.66 | 16,101,451.88 | | Subtotal of cash generated from investing activities | 287,719,913.60 | 435,728,224.77 | | Payments for the acquisition of fixed assets, intangible assets
and other long-lived assets | 66,655,751.15 | 129,897,146.31 | | Payments for investments | 435,971,092.97 | 763,871,013.14 | | Cash used in other investing activities | 385,900,598.02 | 75,148,727.93 | | Subtotal of cash used in investing activities | 888,527,442.14 | 968,916,887.38 | | Net cash generated from/used in investing activities | -600,807,528.54 | -533,188,662.61 | | 3. Cash flows from financing activities: | | | | Borrowings received | 936,546,509.09 | 276,173,678.66 | | Cash generated from other financing activities | | | | Subtotal of cash generated from financing activities | 936,546,509.09 | 276,173,678.66 | | Repayment of borrowings | 402,316,763.17 | 120,706,753.67 | | Interest and dividends paid | 10,844,369.84 | 7,340,755.36 | | Including: Dividends paid by subsidiaries to non-controlling
interests | | | | Cash used in other financing activities | 42,621,048.24 | 4,773,203.00 | | Subtotal of cash used in financing activities | 455,782,181.25 | 132,820,712.03 | | Net cash generated from/used in financing activities | 480,764,327.84 | 143,352,966.63 | | 4. Effect of foreign exchange rates changes on cash and cash
equivalents | -1,584,581.28 | -11,540,604.60 | | 5. Net increase in cash and cash equivalents | -28,232,691.62 | -438,165,473.52 | | Add: Cash and cash equivalents, beginning of the period | 1,353,615,305.93 | 1,822,897,270.16 | | 6. Cash and cash equivalents, end of the period | 1,325,382,614.31 | 1,384,731,796.64 |
(II) Adjustments to Financial Statement Items at the Beginning of the Year of the First Implementation
of the New Accounting Standards Implemented since 2024
□ 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.
27 April 2024
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