Lu Thai Textile Co. Ltd. Third Quarterly Report 2025

Stock Code: 000726 200726 Stock Name: LTTC LTTC-B Announcement No. 2025-059

Bond Code: 127016 Bond Name: LTTC Convertible Bonds

LU THAI TEXTILE CO. LTD.THIRD QUARTERLY REPORT 2025

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 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.□Yes ? No

Q3 2025 YoY change (%) Q1-Q3 2025 YoY change (%)

Operating revenue (RMB) 1472709146.82 -6.23% 4299819286.52 -2.30%

Net profit attributable to the listed

company’s shareholders (RMB) 142455971.48 20.43% 502671698.20 74.63%

Net profit attributable to the listed

company’s shareholders before 96409926.78 10.69% 322025265.57 -8.21%

exceptional gains and losses (RMB)

Net cash generated from/used in

operating activities (RMB) — — 409180600.91 -46.24%

Basic earnings per share (RMB/share) 0.18 28.57% 0.62 77.14%

1Lu Thai Textile Co. Ltd. Third Quarterly Report 2025

Diluted earnings per share (RMB/share) 0.15 7.14% 0.55 66.67%

Weighted average return on equity (%) 1.46% 0.19% 5.21% 2.11%

30 September 2025 31 December 2024 Change (%)

Total assets (RMB) 14168321048.11 13929715649.21 1.71%

Equity attributable to the listed

company’s shareholders (RMB) 9753230435.26 9438728389.28 3.33%

(II) Exceptional Gains and Losses

? Applicable □ Not applicable

Unit: RMB

Item Q3 2025 Q1-Q3 2025 Note

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

impairment allowance write-offs) 1135362.34 650711.84

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 defined criteria and in compliance with 7046346.62 18364501.59

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 of the effective portion of hedges that 46519463.12 190095555.08

is related to the Company's normal business operations)

Non-operating income and expense other than the above -448466.62 4975133.11

Less: Income tax effects 8182602.00 32423767.21

Non-controlling interests effects (net of tax) 24058.76 1015701.78

Total 46046044.70 180646432.63 --

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-Q3 2025

Item YoY Change (%) Main reason for change

Net profit attributable to the listed Increased gains on the disposal of held-for-trading

company’s shareholders (RMB) 74.63 financial assets

Net cash generated from/used in -46.24 Increase in cash paid for purchasing goods andoperating activities accepting labor services

2Lu Thai Textile Co. Ltd. Third Quarterly Report 2025

Basic earnings per share (RMB/share) 77.14 Increased net profit attributable to the listedcompany’s shareholders

Diluted earnings per share (RMB/share) 66.67 Increased net profit attributable to the listedcompany’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 period-end 46011 Number of preferred shareholders with resumedvoting rights at the period-end (if any) 0

Top 10 shareholders (exclusive of shares lent in refinancing)

Shareho Shares in pledge marked or frozen

Name of shareholder Nature of lding Total shares Restrictedshareholder percent held shares held

age Status Shares

Domestic

Zibo Lucheng Textile Investment Co. Ltd. non-state-owned 17.17% 140353583 0 N/A 0

corporation

Tailun (Thailand) Textile Co. Ltd. Overseascorporation 14.10% 115232400 0 N/A 0

Central Huijin Assets Management Co. Ltd. State-ownedcorporation 2.43% 19884100 0 N/A 0

National Social Security Fund Portfolio 413 Other 1.82% 14910051 0 N/A 0

National Social Security Fund Portfolio 412 Other 1.04% 8536251 0 N/A 0

Wu Yijun Domesticindividual 0.89% 7309998 0 N/A 0

ICBC Credit Suisse Innovation Power Stock

Securities Investment Fund Other 0.85% 6960000 0 N/A 0

FEDERATED HERMES GLOBAL

INVESTMENT FD (CAYMAN) MASTER Overseas

SPC OBOAFTAO FEDERATED HERMES corporation 0.74% 6024131 0 N/A 0

EMG ASIA EQUITY FD MASTER S.P.Hao Jing Domesticindividual 0.53% 4335000 0 N/A 0

Yang Hua Domesticindividual 0.49% 4031400 0 N/A 0

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 denominated 140353583

ordinary stock

Domestically

Tailun (Thailand) Textile Co. Ltd. 115232400 listed overseas 115232400

stock

RMB-

Central Huijin Assets Management Co. Ltd. 19884100 denominated 19884100

ordinary stock

RMB-

National Social Security Fund Portfolio 413 14910051 denominated 14910051

ordinary stock

3Lu Thai Textile Co. Ltd. Third Quarterly Report 2025

RMB-

National Social Security Fund Portfolio 412 8536251 denominated 8536251

ordinary stock

RMB-

Wu Yijun 7309998 denominated 7309998

ordinary stock

ICBC Credit Suisse Innovation Power Stock Securities RMB-

Investment Fund 6960000 denominated 6960000ordinary stock

FEDERATED HERMES GLOBAL INVESTMENT FD Domestically

(CAYMAN) MASTER SPC OBOAFTAO FEDERATED 6024131 listed overseas 6024131

HERMES EMG ASIA EQUITY FD MASTER S.P. stock

RMB-

Hao Jing 4335000 denominated 4335000

ordinary stock

RMB-

Yang Hua 4031400 denominated 4031400

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

Related or acting-in-concert parties among the shareholders above 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) None

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

IV Quarterly Financial Statements

(I) Financial Statements

1. Consolidated Balance Sheet

Prepared by Lu Thai Textile Co. Ltd.

30 September 2025

Unit: RMB

Item 30 September 2025 1 January 2025

Current assets:

Monetary assets 1887603628.97 2055856788.37

Held-for-trading financial assets 1392425024.18 693972672.64

4Lu Thai Textile Co. Ltd. Third Quarterly Report 2025

Derivative financial assets

Notes receivable 39809227.93 51339990.35

Accounts receivable 776492526.31 849168539.27

Receivables financing 18266352.97 10184900.59

Prepayments 102736260.36 94340345.68

Other receivables 24995582.90 23107489.38

Including: Interest receivable

Dividends receivable

Inventories 2156572085.35 2019884406.30

Current portion of non-current assets 207115343.57 154176585.64

Other current assets 22030183.04 59034547.73

Total current assets 6628046215.58 6011066265.95

Non-current assets:

Long-term equity investments 108275416.96 120084271.29

Investments in other equity instruments

Other non-current financial assets 82800000.00 82800000.00

Investment property 17998551.91 18675533.63

Fixed assets 5690676183.26 6053755987.08

Construction in progress 192274847.78 95026709.37

Right-of-use assets 447935785.35 470238928.19

Intangible assets 325161280.46 333384747.50

Including: Data resources

Goodwill 20563803.29 20563803.29

Long-term prepaid expense 3243960.80 5634560.27

Deferred income tax assets 139373489.08 148530519.94

Other non-current assets 511971513.64 569954322.70

Total non-current assets 7540274832.53 7918649383.26

Total assets 14168321048.11 13929715649.21

Current liabilities:

Short-term borrowings 793241178.12 849686824.33

Held-for-trading financial liabilities 150202.90 15858713.22

Accounts payable 196997589.24 272079091.51

Advances from customers

Contract liabilities 160518980.10 191551003.79

Employee benefits payable 262988591.58 301227361.89

Taxes and levies payable 46610027.74 57261948.01

Other payables 101996318.77 17437799.60

Including: Interest payable

Dividends payable 82171769.94 441113.64

5Lu Thai Textile Co. Ltd. Third Quarterly Report 2025

Current portion of non-current liabilities 28530831.85 27788571.75

Other current liabilities 29862434.93 42829460.18

Total current liabilities 1620896155.23 1775720774.28

Non-current liabilities:

Long-term borrowings 553775898.07 396244110.21

Bonds payable 1525159972.99 1509420449.46

Lease liabilities 77092446.11 91353320.80

Long-term payables

Long-term employee benefits payable 58494991.36 58494991.36

Provisions

Deferred income 141304616.85 145395121.11

Deferred income tax liabilities 121013794.91 131519037.79

Other non-current liabilities

Total non-current liabilities 2476841720.29 2332427030.73

Total liabilities 4097737875.52 4108147805.01

Owners’ equity:

Share capital 817306563.00 817306010.00

Other equity instruments 71383198.44 71383438.11

Capital reserves 178929179.19 178518667.31

Less: Treasury stock

Other comprehensive income 138625690.57 166925985.26

Specific reserve 3181074.56

Surplus reserves 1271429282.44 1271429282.44

General reserve

Retained earnings 7272375447.06 6933165006.16

Total equity attributable to owners of the

parent company 9753230435.26 9438728389.28

Non-controlling interests 317352737.33 382839454.92

Total owners’ equity 10070583172.59 9821567844.20

Total liabilities and owners’ equity 14168321048.11 13929715649.21

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 2025 Q1-Q3 2024

1. Revenues 4299819286.52 4401071788.51

Including: Operating revenue 4299819286.52 4401071788.51

2. Costs and expenses 3860144002.18 3949265288.12

6Lu Thai Textile Co. Ltd. Third Quarterly Report 2025

Including: Cost of sales 3303748666.00 3327014352.69

Taxes and levies 46873174.16 46015112.71

Selling expense 104314914.19 97952762.23

Administrative expense 242494720.82 252202540.45

Development costs 148433370.58 167202848.33

Finance costs 14279156.43 58877671.71

Including: Interest costs 73964787.77 75098273.62

Interest revenue 51751771.65 42885186.29

Add: Other income 18238001.58 24949464.95

Return on investment (“-” for loss) 251020623.01 -33878369.88

Including: Share of profit or loss of joint ventures and

associates 2057812.34 -1976425.26

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) -57383721.90 -62087918.10

Credit impairment loss (“-” for loss) -9563993.13 -219625.91

Asset impairment loss (“-” for loss) -55883667.25 -51031673.07

Asset disposal income (“-” for loss) 716732.93 659366.06

3. Operating profit (“-” for loss) 586819259.58 330197744.44

Add: Non-operating income 10867224.11 5006318.76

Less: Non-operating expense 5958112.08 5844430.74

4. Gross profit (“-” for loss) 591728371.61 329359632.46

Less: Income tax expense 79543391.00 31023398.44

5. Net profit (“-” for net loss) 512184980.61 298336234.02

5.1 By operating continuity

5.1.1 Net profit from continuing operations (“-” for net loss) 512184980.61 298336234.02

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 parent company

(“-” for net loss) 502671698.20 287853364.40

5.2.1 Net profit attributable to non-controlling interests (“-”

for net loss) 9513282.41 10482869.62

6. Other comprehensive income net of tax -28300294.69 -30118587.32

Attributable to owners of the parent company -28300294.69 -30118587.32

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

7Lu Thai Textile Co. Ltd. Third Quarterly Report 2025

6.1.5 Other

6.2 Items that will be reclassified to profit or loss -28300294.69 -30118587.32

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 -28273704.47 -30063875.57

6.2.7 Other -26590.22 -61594.73

Attributable to non-controlling interests

7. Total comprehensive income 483884685.92 268217646.70

7.1 Attributable to owners of the parent company 474371403.51 257734777.08

7.2 Attributable to non-controlling interests 9513282.41 10482869.62

8. Earnings per share

8.1 Basic earnings per share 0.62 0.35

8.2 Diluted earnings per share 0.55 0.33

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 2025 Q1-Q3 2024

1. Cash flows from operating activities:

Proceeds from sale of commodities and rendering of services 4211537160.65 4251014998.10

Tax and levy rebates 47679566.45 57422844.69

Cash generated from other operating activities 39895129.15 29608862.84

Subtotal of cash generated from operating activities 4299111856.25 4338046705.63

Payments for commodities and services 2368245986.41 2151945125.00

Cash paid to and for employees 1204612229.16 1182637679.97

Taxes and levies paid 157062377.80 119631645.66

Cash used in other operating activities 160010661.97 122745389.12

Subtotal of cash used in operating activities 3889931255.34 3576959839.75

Net cash generated from/used in operating activities 409180600.91 761086865.88

2. Cash flows from investing activities:

Proceeds from disinvestment 8397454959.71 838061000.00

Return on investment 210643439.26 1876891.21

8Lu Thai Textile Co. Ltd. Third Quarterly Report 2025

Net proceeds from the disposal of fixed assets intangible assets

and other long-lived assets 8248940.00 802833.70

Net proceeds from the disposal of subsidiaries and other business

units

Cash generated from other investing activities 503978295.33 50112179.51

Subtotal of cash generated from investing activities 9120325634.30 890852904.42

Payments for the acquisition of fixed assets intangible assets and

other long-lived assets 94819577.67 189186030.98

Payments for investments 9127162000.00 969027200.56

Cash used in other investing activities 7143944.38 207384616.83

Subtotal of cash used in investing activities 9229125522.05 1365597848.37

Net cash generated from/used in investing activities -108799887.75 -474744943.95

3. Cash flows from financing activities:

Borrowings received 1311186815.33 1672923316.54

Subtotal of cash generated from financing activities 1311186815.33 1672923316.54

Repayment of borrowings 1198165885.86 1270645412.09

Interest and dividends paid 208165465.31 159435799.79

Including: Dividends paid by subsidiaries to non-controlling

interests

Cash used in other financing activities 13674234.03 50525547.88

Subtotal of cash used in financing activities 1420005585.20 1480606759.76

Net cash generated from/used in financing activities -108818769.87 192316556.78

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

equivalents 25565211.41 -2816130.50

5. Net increase in cash and cash equivalents 217127154.70 475842348.21

Add: Cash and cash equivalents beginning of the period 1371412259.52 1353615305.93

6. Cash and cash equivalents end of the period 1588539414.22 1829457654.14

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

of the New Accounting Standards Implemented since 2025

□ 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.

31 October 2025

9