Lu Thai Textile Co. Ltd. First Quarterly Report 2026

Stock Code: 000726 200726 Stock Name: LTTC LTTC-B Announcement No. 2026-022

LU THAI TEXTILE CO. LTD.FIRST QUARTERLY REPORT 2026

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 as well as the directors 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 person-in-charge of accounting and head of the accounting department 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.□Yes ? No

Q1 2026 Q1 2025 YoY change (%)

Operating revenue (RMB) 1355536052.27 1452670259.98 -6.69%

Net profit attributable to the listed company’s

93704347.93148397559.52-36.86%

shareholders (RMB)

Net profit attributable to the listed company’s

shareholders before exceptional gains and losses 70596951.23 88658975.61 -20.37%

(RMB)

Net cash generated from/used in operating

161518287.83107254959.4350.59%

activities (RMB)

Basic earnings per share (RMB/share) 0.11 0.18 -38.89%

Diluted earnings per share (RMB/share) 0.11 0.17 -35.29%

Weighted average return on equity (%) 0.95% 1.56% -0.61%

1Lu Thai Textile Co. Ltd. First Quarterly Report 2026

31 March 2026 31 December 2025 Change (%)

Total assets (RMB) 14024843691.41 14106762900.07 -0.58%

Equity attributable to the listed company’s

9869791304.279811054187.050.60%

shareholders (RMB)

(II) Exceptional Gains and Losses

? Applicable □ Not applicable

Unit: RMB

Item Q1 2026 Note

Gain or loss on disposal of non-current assets (inclusive of asset impairment allowance

-533973.18

write-offs)

Government grants recognized in profit or loss (exclusive of those that are closely

related to the Company's normal business operations and given in accordance with

13458094.51

defined criteria and in compliance with government policies and have a continuing

impact on the Company's profit or loss)

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

11748847.35

of the effective portion of hedges that is related to the Company's normal business

operations)

Reversed portions of impairment allowances for receivables which are tested

312706.63

individually for impairment

Non-operating income and expense other than the above 4592115.77

Less: Income tax effects 5416267.00

Non-controlling interests effects (net of tax) 1054127.38

Total 23107396.70 --

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

Q1 2026:

Item Change (%) Main reason for change

Net profit attributable to the listed

company’s shareholders (RMB) -36.86%Increased net exchange loss under finance costs

Net cash generated from/used in Year-on-year increase in sales proceeds collected

operating activities (RMB) 50.59%during the period which drove up proceeds fromsale of commodities and rendering of services

Basic earnings per share (RMB/share) -38.89%Decreased net profit attributable to the listedcompany’s shareholders

2Lu Thai Textile Co. Ltd. First Quarterly Report 2026

Diluted earnings per share -35.29%Decreased net profit attributable to the listed(RMB/share) company’s shareholders

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 Number of preferred shareholders with resumed

467290

period-end voting rights at the period-end (if any)

Top 10 shareholders (exclusive of shares lent in refinancing)

Sharehol

Restricted Shares in pledge marked or frozen

Nature of ding

Name of shareholder Total shares held shares

shareholder percentag

held Status Shares

e

Domestic non-

Zibo Lucheng Textile

state-owned 17.17% 140353583 0 N/A 0

Investment Co. Ltd.corporation

Tailun (Thailand) Foreign

14.10% 115232400 0 N/A 0

Textile Co. Ltd. corporation

Central Huijin Assets State-owned

2.43% 19884100 0 N/A 0

Management Co. Ltd. corporation

Domestic

Yang Sanbao 2.12% 17362400 0 N/A 0

individual

National Social

Security Fund Other 1.98% 16200051 0 N/A 0

Portfolio 413

Domestic

Wu Yijun 0.98% 8016298 0 N/A 0

individual

FEDERATED

HERMES GLOBAL

INVESTMENT FD

(CAYMAN)

MASTER SPC Foreign

0.74% 6024131 0 N/A 0

OBOAFTAO corporation

FEDERATED

HERMES EMG ASIA

EQUITY FD

MASTER S.P.Domestic

Yang Hua 0.56% 4601800 0 N/A 0

individual

Domestic

Hao Jing 0.53% 4335000 0 N/A 0

individual

Domestic

Wang Paiyi 0.48% 3900000 0 N/A 0

individual

Top 10 unrestricted shareholders (exclusive of shares lent in refinancing and locked shares of senior management)

Shares by type

Name of shareholder Unrestricted shares held

Type Shares

RMB-

Zibo Lucheng Textile Investment Co. Ltd. 140353583.00 denominated 140353583

ordinary stock

Tailun (Thailand) Textile Co. Ltd. 115232400 Domestically 115232400

3Lu Thai Textile Co. Ltd. First Quarterly Report 2026

listed foreign

stock

RMB-

Central Huijin Assets Management Co.

19884100 denominated 19884100

Ltd.ordinary stock

RMB-

Yang Sanbao 17362400 denominated 17362400

ordinary stock

RMB-

National Social Security Fund Portfolio 413 16200051 denominated 16200051

ordinary stock

RMB-

Wu Yijun 8016298 denominated 8016298

ordinary stock

FEDERATED HERMES GLOBAL

INVESTMENT FD (CAYMAN) MASTER Domestically

SPC OBOAFTAO FEDERATED 6024131 listed foreign 6024131

HERMES EMG ASIA EQUITY FD stock

MASTER S.P.RMB-

denominated 4462600

Yang Hua ordinary stock

4601800

Domestically

listed foreign 139200

stock

RMB-

Hao Jing 4335000 denominated 4335000

ordinary stock

RMB-

Wang Paiyi 3900000 denominated 3900000

ordinary stock

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

Related or acting-in-concert parties among the

foreign capital of the Company. All of other shareholders are people

shareholders above

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

None

(if any)

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

4Lu Thai Textile Co. Ltd. First Quarterly Report 2026

IV Quarterly Financial Statements

(I) Financial Statements

1. Consolidated Balance Sheet

Prepared by Lu Thai Textile Co. Ltd.

31 March 2026

Unit: RMB

Item 31 March 2026 1 January 2026

Current assets:

Monetary assets 3152609710.95 2396851459.72

Held-for-trading financial assets 598201632.78 1094067591.31

Derivative financial assets

Notes receivable 37902737.16 37500667.56

Accounts receivable 735927522.53 889743214.62

Receivables financing 16930266.85 10335302.96

Prepayments 92292972.56 70233122.96

Other receivables 31056412.22 35452183.40

Including: Interest receivable

Dividends receivable 1267187.27

Inventories 2147535918.20 2107300004.83

Current portion of non-current assets

Other current assets 24871995.30 17765080.24

Total current assets 6837329168.55 6659248627.60

Non-current assets:

Long-term equity investments 99884209.23 99877917.52

Investments in other equity instruments

Other non-current financial assets 88360000.00 88360000.00

Investment property 17360545.08 17772891.33

Fixed assets 5586593232.04 5705325739.27

Construction in progress 114887423.40 90157178.55

Right-of-use assets 426350815.45 437366025.27

Intangible assets 320065150.11 322548576.08

Development costs

Goodwill 20563803.29 20563803.29

Long-term prepaid expense 3029332.99 2966740.84

Deferred income tax assets 142648964.27 147571150.02

Other non-current assets 367771047.00 515004250.30

Total non-current assets 7187514522.86 7447514272.47

Total assets 14024843691.41 14106762900.07

5Lu Thai Textile Co. Ltd. First Quarterly Report 2026

Current liabilities:

Short-term borrowings 641765523.27 652836872.89

Held-for-trading financial liabilities 1512396.66

Derivative financial liabilities

Notes payable 5195494.00

Accounts payable 196200839.79 232348158.30

Advances from customers

Contract liabilities 157866318.97 178735140.23

Employee benefits payable 223700350.40 301497209.62

Taxes and levies payable 49080561.79 58873433.90

Other payables 24300895.96 17580817.40

Including: Interest payable

Dividends payable 441113.64 441113.64

Current portion of non-current liabilities 1965849891.48 1870562551.70

Other current liabilities 32609313.67 33932228.19

Total current liabilities 3298081585.99 3346366412.23

Non-current liabilities:

Long-term borrowings 161437409.95 247912723.61

Bonds payable

Lease liabilities 71236400.44 74159267.26

Long-term payables

Long-term employee benefits payable 58241342.34 58241342.34

Provisions

Deferred income 137641973.01 139473294.93

Deferred income tax liabilities 109861884.57 110514267.42

Other non-current liabilities

Total non-current liabilities 538419010.31 630300895.56

Total liabilities 3836500596.30 3976667307.79

Owners’ equity:

Share capital 817502842.00 817306920.00

Other equity instruments 71299216.71 71383045.46

Capital reserves 180599326.04 178932155.02

Less: Treasury stock

Other comprehensive income 69337690.30 108712967.46

Specific reserve 2628782.18

Surplus reserves 1331218572.39 1331218572.39

General reserve

Retained earnings 7397204874.65 7303500526.72

Total equity attributable to owners of the

Company as the parent 9869791304.27 9811054187.05

6Lu Thai Textile Co. Ltd. First Quarterly Report 2026

Non-controlling interests 318551790.84 319041405.23

Total owners’ equity 10188343095.11 10130095592.28

Total liabilities and owners’ equity 14024843691.41 14106762900.07

Legal representative: Liu Zibin Person-in-charge of accounting: Zhang Keming

Head of the accounting department: Zhang Keming

2. Consolidated Income Statement

Unit: RMB

Item Q1 2026 Q1 2025

1. Revenues 1355536052.27 1452670259.98

Including: Operating revenue 1355536052.27 1452670259.98

2. Costs and expenses 1257163829.74 1295674320.31

Including: Cost of sales 1045881017.37 1111238055.56

Taxes and levies 14531172.27 15040356.83

Selling expense 31690392.02 36101405.24

Administrative expense 80453154.52 80989455.49

Development costs 40798322.85 50114870.58

Finance costs 43809770.71 2190176.61

Including: Interest costs 24335813.01 23523728.82

Interest revenue 18739530.13 17193924.62

Add: Other income 13802353.49 4872198.36

Return on investment (“-” for loss) 21703325.91 4286503.15

Including: Share of profit or loss of joint ventures and

associates 6291.71 419901.85

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) -9496054.48 53742560.50

Credit impairment loss (“-” for loss) 3808752.07 -9985896.47

Asset impairment loss (“-” for loss) -17626382.01 -35031030.86

Asset disposal income (“-” for loss) -166721.87

3. Operating profit (“-” for loss) 110397495.64 174880274.35

Add: Non-operating income 4665820.75 6137533.53

Less: Non-operating expense 439083.09 861029.76

4. Gross profit (“-” for loss) 114624233.30 180156778.12

Less: Income tax expense 21409499.76 31371415.58

5. Net profit (“-” for net loss) 93214733.54 148785362.54

5.1 By operating continuity

5.1.1 Net profit from continuing operations (“-” for net loss) 93214733.54 148785362.54

7Lu Thai Textile Co. Ltd. First Quarterly Report 2026

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 93704347.93 148397559.52

5.2.1 Net profit attributable to non-controlling interests -489614.39 387803.02

6. Other comprehensive income net of tax -39375277.16 -627500.17

Attributable to owners of the Company as the parent -39375277.16 -627500.17

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 -39375277.16 -627500.17

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 -39340374.44 -557507.61

6.2.7 Other -34902.72 -69992.56

Attributable to non-controlling interests

7. Total comprehensive income 53839456.38 148157862.37

Attributable to owners of the Company as the parent 54329070.77 147770059.35

Attributable to non-controlling interests -489614.39 387803.02

8. Earnings per share

8.1 Basic earnings per share 0.11 0.18

8.2 Diluted earnings per share 0.11 0.17

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 Person-in-charge of accounting: Zhang Keming

Head of the accounting department: Zhang Keming

3. Consolidated Cash Flow Statement

Unit: RMB

Item Q1 2026 Q1 2025

1. Cash flows from operating activities:

Proceeds from sale of commodities and rendering of services 1450590290.32 1421375672.74

8Lu Thai Textile Co. Ltd. First Quarterly Report 2026

Tax and levy rebates 22853142.59 20902156.31

Cash generated from other operating activities 27927280.44 13563145.67

Subtotal of cash generated from operating activities 1501370713.35 1455840974.72

Payments for commodities and services 821070687.58 787982640.92

Cash paid to and for employees 441224071.90 466527743.30

Taxes and levies paid 44495682.38 42738146.68

Cash used in other operating activities 33061983.66 51337484.39

Subtotal of cash used in operating activities 1339852425.52 1348586015.29

Net cash generated from/used in operating activities 161518287.83 107254959.43

2. Cash flows from investing activities:

Proceeds from disinvestment 3187499982.97 1219876557.02

Return on investment 7338917.44 4796095.42

Cash generated from other investing activities 511859749.96 167784826.19

Subtotal of cash generated from investing activities 3706698650.37 1392457478.63

Payments for the acquisition of fixed assets intangible assets

and other long-lived assets 67569359.05 30523796.78

Payments for investments 2696775000.00 1106009000.00

Cash used in other investing activities 86057356.37 162807000.00

Subtotal of cash used in investing activities 2850401715.42 1299339796.78

Net cash generated from/used in investing activities 856296934.95 93117681.85

3. Cash flows from financing activities:

Borrowings received 428397130.81 328897923.75

Subtotal of cash generated from financing activities 428397130.81 328897923.75

Repayment of borrowings 413471345.36 385893424.40

Interest and dividends paid 9127184.26 8336325.55

Including: Dividends paid by subsidiaries to non-controlling

interests

Cash used in other financing activities 3256902.00 4423203.00

Subtotal of cash used in financing activities 425855431.62 398652952.95

Net cash generated from/used in financing activities 2541699.19 -69755029.20

4. Effect of foreign exchange rates changes on cash and cash

equivalents -13465692.47 11217069.43

5. Net increase in cash and cash equivalents 1006891229.50 141834681.51

Add: Cash and cash equivalents beginning of the period 2033439469.50 1371412259.52

6. Cash and cash equivalents end of the period 3040330699.00 1513246941.03

(II) Adjustments to Financial Statement Items at the Beginning of the Year of the First Implementation

of the New Accounting Standards Implemented since 2026

□ Applicable ? Not applicable

9Lu Thai Textile Co. Ltd. First Quarterly Report 2026

(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.

30 April 2026

10