Lu Thai Textile Co. Ltd. First Quarterly Report 2025 Stock Code: 000726 200726 Stock Name: LTTC LTTC-B Announcement No. 2025-025 Bond Code: 127016 Bond Name: LTTC Convertible Bonds LU THAI TEXTILE CO. LTD.FIRST 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 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.□Yes □ No Q1 2025 Q1 2024 YoY change (%) Operating revenue (RMB) 1452670259.98 1382655063.47 5.06% Net profit attributable to the listed company’s shareholders 148397559.5268241726.33117.46% (RMB) Net profit attributable to the listed company’s shareholders 88658975.61122504699.15-27.63% before exceptional gains and losses (RMB) Net cash generated from/used in operating activities (RMB) 107254959.43 93395090.36 14.84% Basic earnings per share (RMB/share) 0.18 0.08 125.00% Diluted earnings per share (RMB/share) 0.17 0.08 112.50% Weighted average return on equity (%) 1.56% 0.74% 0.82% 1Lu Thai Textile Co. Ltd. First Quarterly Report 2025 31 March 2025 31 December 2024 Change (%) Total assets (RMB) 13887769758.05 13929715649.21 -0.30% Equity attributable to the listed company’s shareholders 9591080573.639438728389.281.61% (RMB) (II) Exceptional Gains and Losses □ Applicable □ Not applicable Unit: RMB Item Q1 2025 Note 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 4914365.03 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 60405744.57 (exclusive of the effective portion of hedges that is related to the Company's normal business operations) Non-operating income and expense other than the above 5276503.77 Less: Income tax effects 10661134.74 Non-controlling interests effects (net of tax) 196894.72 Total 59738583.91 -- 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 Change (%) Main reason for change Q1 2025 Net profit attributable to the listed 117.46% Gains on changes in the fair value of held-for-trading financial assets company’s shareholders (RMB) Basic earnings per share (RMB/share) 125.00% Increased net profit attributable to the listed company’s shareholders Diluted earnings per share (RMB/share) 112.50% Increased net profit attributable to the listed 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 2Lu Thai Textile Co. Ltd. First Quarterly Report 2025 Number of ordinary shareholders at the Number of preferred shareholders with resumed 472190 period-end voting rights at the period-end (if any) Top 10 shareholders (exclusive of shares lent in refinancing) Sharehol Shares in pledge marked or frozen Name of Nature of ding Restricted Total shares held shareholder shareholder percenta shares held Status Shares ge Zibo Lucheng Domestic non- Textile Investment state-owned 17.17% 140353583.00 0.00 N/A 0.00 Co. Ltd. corporation Tailun (Thailand) Foreign 14.10% 115232400.00 0.00 N/A 0.00 Textile Co. Ltd. corporation Central Huijin Assets State-owned 2.43% 19884100.00 0.00 N/A 0.00 Management Co. corporation Ltd.National Social Security Fund Other 1.82% 14910051.00 0.00 N/A 0.00 Portfolio 413 ICBC Credit Suisse Innovation Power Stock Other 1.47% 12000000.00 0.00 N/A 0.00 Securities Investment Fund FEDERATED HERMES GLOBAL INVESTMENT FD (CAYMAN) Foreign MASTER SPC 0.78% 6334711.00 0.00 N/A 0.00 corporation OBOAFTAO FEDERATED HERMES EMG ASIA EQUITY FD MASTER S.P.Dacheng China Securities Other 0.55% 4493500.00 0.00 N/A 0.00 Financial Asset Management Plan Domestic Hao Jing 0.53% 4335000.00 0.00 N/A 0.00 individual Yinhua China Securities Other 0.52% 4243912.00 0.00 N/A 0.00 Financial Asset Management Plan GF China Securities Other 0.50% 4089200.00 0.00 N/A 0.00 Financial Asset Management Plan 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 Zibo Lucheng Textile Investment Co. RMB- 140353583.00140353583.00 Ltd. denominated 3Lu Thai Textile Co. Ltd. First Quarterly Report 2025 ordinary stock Domestically Tailun (Thailand) Textile Co. Ltd. 115232400.00 listed foreign 115232400.00 stock RMB- Central Huijin Assets Management Co. 19884100.00 denominated 19884100.00 Ltd.ordinary stock RMB- National Social Security Fund Portfolio 14910051.00 denominated 14910051.00 413 ordinary stock RMB- ICBC Credit Suisse Innovation Power 12000000.00 denominated 12000000.00 Stock Securities Investment Fund ordinary stock FEDERATED HERMES GLOBAL INVESTMENT FD (CAYMAN) Domestically MASTER SPC OBOAFTAO 6334711.00 listed foreign 6334711.00 FEDERATED HERMES EMG ASIA stock EQUITY FD MASTER S.P.RMB- Dacheng China Securities Financial 4493500.00 denominated 4493500.00 Asset Management Plan ordinary stock RMB- Hao Jing 4335000.00 denominated 4335000.00 ordinary stock RMB- Yinhua China Securities Financial 4243912.00 denominated 4243912.00 Asset Management Plan ordinary stock RMB- GF China Securities Financial Asset 4089200.00 denominated 4089200.00 Management Plan 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 Related or acting-in-concert parties among the the second largest shareholder as well as sponsor of foreign capital of the shareholders above 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 Naught trading (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 2025 IV Quarterly Financial Statements (I) Financial Statements 1. Consolidated Balance Sheet Prepared by Lu Thai Textile Co. Ltd. 31 March 2025 Unit: RMB Item 31 March 2025 1 January 2025 Current assets: Monetary assets 2313873553.31 2055856788.37 Held-for-trading financial assets 657176523.17 693972672.64 Derivative financial assets Notes receivable 51849911.43 51339990.35 Accounts receivable 806034218.26 849168539.27 Receivables financing 37099824.21 10184900.59 Prepayments 154759244.10 94340345.68 Other receivables 28251018.28 23107489.38 Including: Interest receivable Dividends receivable Inventories 1954341384.82 2019884406.30 Current portion of non-current assets 155228341.14 154176585.64 Other current assets 48375851.68 59034547.73 Total current assets 6206989870.40 6011066265.95 Non-current assets: Long-term equity investments 106637506.47 120084271.29 Investments in other equity instruments Other non-current financial assets 82800000.00 82800000.00 Investment property 18076501.73 18675533.63 Fixed assets 5930212744.18 6053755987.08 Construction in progress 106182491.03 95026709.37 Right-of-use assets 464189034.11 470238928.19 Intangible assets 331003220.54 333384747.50 Development costs Goodwill 20563803.29 20563803.29 Long-term prepaid expense 5731201.48 5634560.27 Deferred income tax assets 146973103.13 148530519.94 Other non-current assets 468410281.69 569954322.70 Total non-current assets 7680779887.65 7918649383.26 Total assets 13887769758.05 13929715649.21 5Lu Thai Textile Co. Ltd. First Quarterly Report 2025 Current liabilities: Short-term borrowings 770218151.16 849686824.33 Held-for-trading financial liabilities 8931384.00 15858713.22 Derivative financial liabilities Notes payable Accounts payable 247127150.81 272079091.51 Advances from customers Contract liabilities 159546392.84 191551003.79 Employee benefits payable 220141957.23 301227361.89 Taxes and levies payable 60746097.44 57261948.01 Other payables 20686785.88 17437799.60 Including: Interest payable Dividends payable 441221.31 441113.64 Current portion of non-current liabilities 32855526.27 27788571.75 Other current liabilities 31836154.43 42829460.18 Total current liabilities 1552089600.06 1775720774.28 Non-current liabilities: Long-term borrowings 412226807.84 396244110.21 Bonds payable 1522750319.15 1509420449.46 Lease liabilities 86857413.43 91353320.80 Long-term payables Long-term employee benefits payable 58494991.36 58494991.36 Provisions Deferred income 143552260.69 145395121.11 Deferred income tax liabilities 137490533.95 131519037.79 Other non-current liabilities Total non-current liabilities 2361372326.42 2332427030.73 Total liabilities 3913461926.48 4108147805.01 Owners’ equity: Share capital 817306010.00 817306010.00 Other equity instruments 71383438.11 71383438.11 Capital reserves 178573460.06 178518667.31 Less: Treasury stock Other comprehensive income 166298485.09 166925985.26 Specific reserve 4527332.25 Surplus reserves 1271429282.44 1271429282.44 General reserve Retained earnings 7081562565.68 6933165006.16 Total equity attributable to owners of the 9591080573.639438728389.28 Company as the parent 6Lu Thai Textile Co. Ltd. First Quarterly Report 2025 Non-controlling interests 383227257.94 382839454.92 Total owners’ equity 9974307831.57 9821567844.20 Total liabilities and owners’ equity 13887769758.05 13929715649.21 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 2025 Q1 2024 1. Revenues 1452670259.98 1382655063.47 Including: Operating revenue 1452670259.98 1382655063.47 2. Costs and expenses 1295674320.31 1244353590.36 Including: Cost of sales 1111238055.56 1057560104.34 Taxes and levies 15040356.83 14398626.79 Selling expense 36101405.24 30889078.44 Administrative expense 80989455.49 82503138.98 Development costs 50114870.58 55902365.72 Finance costs 2190176.61 3100276.09 Including: Interest costs 23523728.82 23744746.88 Interest revenue 17193924.62 11898037.72 Add: Other income 4872198.36 11971737.41 Return on investment (“-” for loss) 4286503.15 23510003.30 Including: Share of profit or loss of joint ventures and 419901.8526797992.69 associates 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) 53742560.50 -72944121.94 Credit impairment loss (“-” for loss) -9985896.47 1459760.70 Asset impairment loss (“-” for loss) -35031030.86 -18664995.37 Asset disposal income (“-” for loss) -324538.89 3. Operating profit (“-” for loss) 174880274.35 83309318.32 Add: Non-operating income 6137533.53 1270516.38 Less: Non-operating expense 861029.76 736288.96 4. Gross profit (“-” for loss) 180156778.12 83843545.74 Less: Income tax expense 31371415.58 13147697.76 5. Net profit (“-” for net loss) 148785362.54 70695847.98 5.1 By operating continuity 5.1.1 Net profit from continuing operations (“-” for net loss) 148785362.54 70695847.98 7Lu Thai Textile Co. Ltd. First Quarterly Report 2025 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 148397559.5268241726.33 parent 5.2.1 Net profit attributable to non-controlling interests 387803.02 2454121.65 6. Other comprehensive income net of tax -627500.17 3424145.94 Attributable to owners of the Company as the parent -627500.17 3424145.94 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 -627500.17 3424145.94 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 -557507.613630756.31 currency-denominated financial statements 6.2.7 Other -69992.56 -206610.37 Attributable to non-controlling interests 7. Total comprehensive income 148157862.37 74119993.92 Attributable to owners of the Company as the parent 147770059.35 71665872.27 Attributable to non-controlling interests 387803.02 2454121.65 8. Earnings per share 8.1 Basic earnings per share 0.18 0.08 8.2 Diluted earnings per share 0.17 0.08 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 Unit: RMB Item Q1 2025 Q1 2024 1. Cash flows from operating activities: Proceeds from sale of commodities and rendering of services 1421375672.74 1328838566.22 8Lu Thai Textile Co. Ltd. First Quarterly Report 2025 Tax and levy rebates 20902156.31 21402045.84 Cash generated from other operating activities 13563145.67 11744013.26 Subtotal of cash generated from operating activities 1455840974.72 1361984625.32 Payments for commodities and services 787982640.92 731355216.01 Cash paid to and for employees 466527743.30 450450825.71 Taxes and levies paid 42738146.68 44309736.36 Cash used in other operating activities 51337484.39 42473756.88 Subtotal of cash used in operating activities 1348586015.29 1268589534.96 Net cash generated from/used in operating activities 107254959.43 93395090.36 2. Cash flows from investing activities: Proceeds from disinvestment 1219876557.02 235961000.00 Return on investment 4796095.42 819660.94 Net proceeds from the disposal of fixed assets intangible assets 331930.00 and other long-lived assets Net proceeds from the disposal of subsidiaries and other business units Cash generated from other investing activities 167784826.19 50607322.66 Subtotal of cash generated from investing activities 1392457478.63 287719913.60 Payments for the acquisition of fixed assets intangible assets 30523796.7866655751.15 and other long-lived assets Payments for investments 1106009000.00 435971092.97 Cash used in other investing activities 162807000.00 385900598.02 Subtotal of cash used in investing activities 1299339796.78 888527442.14 Net cash generated from/used in investing activities 93117681.85 -600807528.54 3. Cash flows from financing activities: Capital contributions received Including: Capital contributions by non-controlling interests to subsidiaries Borrowings received 328897923.75 936546509.09 Cash generated from other financing activities Subtotal of cash generated from financing activities 328897923.75 936546509.09 Repayment of borrowings 385893424.40 402316763.17 Interest and dividends paid 8336325.55 10844369.84 Including: Dividends paid by subsidiaries to non-controlling interests Cash used in other financing activities 4423203.00 42621048.24 Subtotal of cash used in financing activities 398652952.95 455782181.25 Net cash generated from/used in financing activities -69755029.20 480764327.84 4. Effect of foreign exchange rates changes on cash and cash 29271314.20-1584581.28 equivalents 5. Net increase in cash and cash equivalents 159888926.28 -28232691.62 Add: Cash and cash equivalents beginning of the period 1353358014.75 1353615305.93 6. Cash and cash equivalents end of the period 1513246941.03 1325382614.31 9Lu Thai Textile Co. Ltd. First Quarterly Report 2025 (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. 30 April 2025 10