Stock Code: 000726, 200726 Stock Name: LTTC, LTTC-B Announcement No. 2025-011
Bond Code: 127016 Bond Name: LTTC Convertible Bonds
LU THAI TEXTILE CO., LTD.
ANNUAL REPORT 2024 (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 the share capital of 817,306,010 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
Part II Key Corporate Information
1. Stock Profile
Stock name LTTC-A, LTTC-B Stock code 000726,
200726
Stock exchange for stock listing Shenzhen Stock Exchange
Previous stock name (if any) None
Contact information Board Secretary Securities Representative
Name Zheng Weiyin Li Kun
81 Songling East Road, Zichuan 81 Songling East Road, Zichuan
Address District, Zibo City, Shandong District, Zibo City, Shandong
Province, P.R.China Province, P.R.China
Fax 0533-5418805 0533-5418805
Tel. 0533-5285166 0533-5285166
Email address wyzheng@lttc.com.cn likun@lttc.com.cn
2. Principal Activities or Products in the Reporting Period
Lu Thai has always adhered to its mission of “clothing the world and weaving our way to every corner of the globe, green
intelligence manufacturing, and improving lives”, as well as to its values of “customer first, striving for progress, pursuing excellence,
and 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. 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 2024
31 December 2024 31 December 2023 over 31 31 December 2022
December 2023
(%)
Total assets 13,929,715,649.21 13,430,286,222.94 3.72% 13,351,097,602.03
Equity attributable to the listed 9,438,728,389.
