Lu Thai Textile Co. Ltd. Annual Report 2022 (Summary)

Stock Code: 000726 200726 Stock Name: LTTC LTTC-B Announcement No. 2023-017

Bond Code: 127016 Bond Name: LTTC Convertible Bonds

LU THAI TEXTILE CO. LTD.ANNUAL REPORT 2022 (SUMMARY)

Part I Important Notes

This Summary is based on the full Annual 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 position and future development plans investors should carefully read the aforesaid full text 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 final cash and/or stock dividend plan for ordinary shareholders for the Reporting Period:

□ Applicable □ Not applicable

Bonus issue from capital reserves:

□ Yes □ No

The Board has approved a final dividend plan as follows: based on 887633151 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 final cash and/or stock dividend plan for preferred shareholders for the Reporting Period:

□ 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

Stock exchange for stock listing Shenzhen Stock Exchange

Previous stock name (if any) N/A

Contact information Board Secretary Securities Representative

Name Zhang Keming Zheng Weiyin and Li Kun

1Lu Thai Textile Co. Ltd. Annual Report 2022 (Summary)

81 Songling East Road Zichuan

81 Songling East Road Zichuan District Zibo

Address District Zibo City Shandong

City Shandong Province P.R.China

Province P.R.China

Fax 0533-5418805 0533-5418805

Tel. 0533-5277008 0533-5285166

Email address zhangkeming@lttc.com.cn wyzheng@lttc.com.cn，likun@lttc.com.cn

2. Principal Activities or Products in the Reporting PeriodLu Thai has always adhered to its mission of “creating wealth contributing to the society clothing the world and weaving our way toevery corner of the globe” as well as to its values of “people foremost policy rigorous scientific attitude client oriented principleand integrity for win-win outcome”. It has gradually become a textile and garment enterprise group with comprehensive and vertical

production capacities integrating spinning bleaching and dyeing weaving afterfinish and clothing manufacture. Lu Thai produces

and sells middle and high-grade yarn-dyed fabric dyeing fabric functional fabric and knitted fabric for shirts as well as garment. It

claimed its fame for its comprehensive management R&D ability advanced technology stable quality and international operations.Moreover it also attaches great importance to improving the added value of its products explore the emerging market and renew its

service philosophy. Lu Thai has become the world’s largest high-grade yarn dyed fabric producer and a world-class premium shirt

provider. It had paved its development pattern featured in going green low-carbon growth science and technology and humanism.Over 60% of Lu Thai’s products are exported to over 60 countries and regions including America the EU and Japan. Moreover the

Company has established strategic partnership with renowned brand owners at home and abroad.

3. Key Financial Information

(1) Key Financial Information of the Past Three Years

Indicate by tick mark whether there is any retrospectively restated datum in the table below.□ Yes □ No

Unit: RMB

Change of 31 December

31 December 31 December 31 December

2022 over 31 December

202220212020

2021(%)

Total assets 13351097602.03 12987221271.63 2.80% 12129903960.65

Equity attributable to the listed

9014156872.717983307400.0312.91%7687577590.72

company’s shareholders

2022-over-2021 change

202220212020

(%)

Operating revenue 6938342135.90 5238262348.85 32.46% 4751222464.14

Net profit attributable to the listed

963864819.43347609693.30177.28%97308593.36

company’s shareholders

Net profit attributable to the listed

company’s shareholders before 795473953.21 190492580.40 317.59% 20039094.03

exceptional gains and losses

Net cash generated from/used in

1422310774.26348137005.48308.55%593535922.89

operating activities

Basic earnings per share (RMB/share) 1.10 0.39 182.05% 0.11

Diluted earnings per share

0.950.36163.89%0.11

(RMB/share)

Weighted average return on equity (%) 11.31% 4.44% 6.87% 0.01%

2Lu Thai Textile Co. Ltd. Annual Report 2022 (Summary)

(2) Key Financial Information by Quarter

Unit: RMB

Q1 Q2 Q3 Q4

Operating revenue 1580088801.60 1750205661.65 1876128426.25 1731919246.40

Net profit attributable to the listed company’s

159375310.19234575542.27302015616.54267898350.43

shareholders

Net profit attributable to the listed company’s

137429342.24228149887.40322056642.38107838081.19

shareholders before exceptional gains and losses

Net cash generated from/used in operating

-15953827.96133436236.70611606413.58693221951.94

activities

Indicate by tick mark whether any of the quarterly financial data in the table above or their summations differs materially from what

have been disclosed in the Company’s quarterly or interim reports.□ Yes □ No

4. Share Capital and Shareholder Information at the Period-End

(1) Numbers of Ordinary Shareholders and Preferred Shareholders with Resumed Voting Rights as well

as Holdings of Top 10 Shareholders

Unit: share

Number of Number of Number of preferred

Number of

ordinary preferred shareholders with

ordinary

shareholders at the shareholders resumed voting rights

shareholder 51905 49096 0 0

month-end prior to with resumed at the month-end prior

s at the

the disclosure of voting rights at to the disclosure of

period-end

this Report the period-end this Report

Top 10 shareholders

Sharehold Shares in pledge

Total shares

Nature of ing Restricted marked or frozen

Name of shareholder held at the

shareholder percentag shares held Shar

period-end Status

e es

Zibo Lucheng Textile Investment Domestic non-state-

15.81%140353583

Co. Ltd. owned legal person

Tailun (Thailand) Textile Co. Ltd. Foreign legal person 13.32% 118232400

Central Huijin Assets Management State-owned legal

2.24%19884100

Co. Ltd. person

National Social Security Fund Domestic non-state-

1.49%13260051

Portfolio 413 owned legal person

Dacheng China Securities Asset

Other 0.59% 5235900

Management Plan

GF China Securities Asset

Other 0.59% 5235900

Management Plan

ICBC Credit Suisse Innovation

Power Stock Type Securities Other 0.57% 5100000

Investment Fund

FEDERATED HERMES GLOBAL

INVESTMENT FD (CAYMAN)

MASTER SPC OBOAFTAO Foreign legal person 0.52% 4623374

FEDERATED HERMES EMG ASIA

EQUITY FD MASTER S.P.Harvest China Securities Asset

Other 0.50% 4460200

Management Plan

Yinhua China Securities Asset

Other 0.49% 4392312

Management Plan

Related or acting-in-concert parties among the shareholders Zibo Lucheng Textile Investment Co. Ltd. is the largest

3Lu Thai Textile Co. Ltd. Annual Report 2022 (Summary)

above 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 public B share

and the Company is not able to confirm whether there is

associated relationship or concerted action among other

shareholders.Shareholders involved in securities margin trading (if any) N/A

(2) Number of Preferred Shareholders and Shareholdings of Top 10 of Them

□ Applicable □ Not applicable

No preferred shareholders in the Reporting Period.

(3) Ownership and Control Relations between the Actual Controller and the Company

5. Outstanding Bonds at the Date when this Report Was Authorized for Issue

□ Applicable □ Not applicable

(1) Bond Profile

Balance Coupo

Bond name Abbr. Bond code Date of issue Maturity

(RMB’0000) n rate

Convertible

Corporate LTTC

Bonds of Lu Convertible 127016 9 April 2020 8 April 2026 139985.24

Thai Textile Bonds

Co. Ltd.

1. For LTTC Convertible Bonds the coupon rates are: 0.3% for the first year 0.6% for the

second year 1.0% for the third year 1.5% for the fourth year 1.8% for the fifth year and 2.0%

Redemption and interest

for the sixth year.payments during the Reporting

2. On 11 April 2022 the Company paid the interest for the second year according to the par

Periodvalue of the bonds i.e. interest of RMB6.00 (tax inclusive) for every 10 “LTTC ConvertibleBonds” (par value: RMB1000).

(2) Latest Follow-up Ratings and Rating Changes of the Bonds

The credit rating of the Company's convertible bonds for the Reporting Period is AA+ which has not changed compared with that of

4Lu Thai Textile Co. Ltd. Annual Report 2022 (Summary)

the same period of last year.

(3) Key Financial Information of the Company for the Past Two Years

Unit: RMB'0000

Item 2022 2021 Change

Debt/asset ratio 29.53% 35.57% -6.04%

Net profit before exceptional

79547.4019049.26317.59%

gains and losses

EBITDA/debt ratio 66.20% 28.94% 37.25%

Interest coverage (times) 11.25 4.49 150.65%

Part III Significant Events

Not applicable.Chairman of the Board: Liu Zibin

Lu Thai Textile Co. Ltd.

12 April 2023

5