Report for the Third Quarter of 2015 of Lu Thai Textile Co., Ltd.
LU THAI TEXTILE CO., LTD.
Report for the Third Quarter of 2015
October 2015
Report for the Third Quarter of 2015 of Lu Thai Textile Co., Ltd.
Section I. Important Reminders
The Board of Directors, the Supervisory Committee as well as all directors, supervisors and senior management
staff of Lu Thai Textile Co., Ltd. (hereinafter referred to as “the Company”) warrant that this report is factual,
accurate and complete without any false record, misleading statement or material omission. And they shall be
jointly and severally liable for that.
Liu Shizhen, company principal, Zhang Hongmei, chief of the accounting work, and Zhang Keming, chief of the
accounting organ (chief of accounting), hereby confirm that the Financial Report enclosed in this report is factual,
accurate and complete.
This report is prepared in both Chinese and English. Should there be any discrepancy between the two versions,
the Chinese version shall prevail.
Report for the Third Quarter of 2015 of Lu Thai Textile Co., Ltd.
Section II. Financial Highlights & Change of Shareholders
I. Major accounting data and financial indexes
Does the Company adjust retrospectively or restate accounting data of previous years due to change of the accounting policy or
correction of any accounting error?
□ Yes √ No
30 Sept. 2015 31 Dec. 2014 Increase/decrease (%)
Total assets (RMB Yuan) 8,829,506,971.03 8,627,671,393.88 2.34%
Net assets attributable to shareholders
6,676,069,664.40 6,588,772,245.55 1.32%
of the Company (RMB Yuan)
YoY increase/decrease YoY
Jul.-Sept. 2015 Jan.-Sept. 2015
(%) increase/decrease (%)
Operating revenues (RMB Yuan) 1,569,500,236.21 7.55% 4,511,336,133.37 -1.36%
Net profit attributable to shareholders of
204,342,167.24 -12.40% 548,863,683.96 -22.71%
the Company (RMB Yuan)
Net profit attributable to shareholders of
the Company after extraordinary gains 188,913,906.19 -3.37% 497,518,363.60 -25.91%
and losses (RMB Yuan)
Net cash flows from operating activities
-- -- 833,510,131.79 -1.08%
(RMB Yuan)
Basic EPS (RMB Yuan/share) 0.21 -12.50% 0.57 -22.97%
Diluted EPS (RMB Yuan/share) 0.21 -12.50% 0.57 -22.97%
Weighted average ROE (%) 2.89% -0.56% 7.99% -3.27%
Items and amounts of extraordinary gains and losses
√Applicable □Inapplicable
Unit: RMB Yuan
Item Amount as of Jan.-Sept. 2015 Note
Gains/losses on the disposal of non-current assets (including the offset part of asset
-2,799,179.00
impairment provisions)
Government grants recognized in the current period, except for those acquired in the
ordinary course of business or granted at certain quotas or amounts according to the 47,595,882.23
country’s unified standards
Gains and losses on change in fair value from tradable financial assets and tradable
financial liabilities, as well as investment income from disposal of tradable financial
20,476,085.69
assets and tradable financial liabilities and financial assets available for sales, except
for effective hedging related with normal businesses of the Company
Report for the Third Quarter of 2015 of Lu Thai Textile Co., Ltd.
Non-operating incomes and expenses other than the above 2,602,829.18
Less: Income tax effects 12,471,948.08
Minority interests effects (after tax) 4,058,349.66
Total 51,345,320.36 --
Explain the reasons if the Company classifies an item as an extraordinary gain/loss according to the definition in the Explanatory
Announcement No. 1 on Information Disclosure for Companies Offering Their Securities to the Public—Extraordinary Gains and
Losses, or classifies any extraordinary gain/loss item mentioned in the said explanatory announcement as a recurrent gain/loss item
□ Applicable √ Inapplicable
There was no such situation of the Company during the reporting period.
II. Total number of shareholders and shareholdings of the top ten shareholders at the
period-end
1. Total number of common shareholders and shareholdings of the top ten common shareholders at the
period-end
Unit: share
Total number of common
74,991
shareholders at the period-end
Shareholdings of the top ten common shareholders
Pledged or frozen
Shareholdi shares
Number of Number of
ng Num
Name of shareholder Nature of shareholder the shares restricted shares
percentage Status of ber of
held held
(%) shares share
s
Domestic
Zibo Lucheng Textile Investment Co., Ltd. non-state-owned 14.69% 140,353,583
corporation
Tailun Textile Co., Ltd. Foreign corporation 12.37% 118,232,400 118,232,400
State-owned
Central Huijin Investment Co., Ltd. 2.13% 20,315,300
corporation
T.ROWE PRICE INTL DISCOVERY
Foreign corporation 1.99% 18,972,618
FUND
LYNAS ASIA FUND Foreign corporation 1.72% 16,443,675
CHINA SECURITIES FINANCE State-owned
1.64% 15,679,091
CORPORATION LIMITED corporation
VALUE PARTNERS HIGH-DIVIDEND
Foreign corporation 1.46% 13,923,715
STOCKS FUNDS
Report for the Third Quarter of 2015 of Lu Thai Textile Co., Ltd.
HUA AN NEW SILK ROAD THEME Domestic
EQUITY SECURITIES INVESTMENT non-state-owned 1.06% 10,110,000
FUND corporation
NATIONAL WESTMINSTER BANK PLC
AS DEP OF FS GREATER CHINA Foreign corporation 0.96% 9,211,092
GROWTH FUND
VALUE PARTNERS CLASSIC FUND Foreign corporation 0.85% 8,156,383
Shareholdings of the top ten non-restricted common shareholders
Number of Type of shares
non-restricted
Name of shareholder
common shares held Type Number
at the period-end
RMB ordinary
Zibo Lucheng Textile Investment Co., Ltd. 140,353,583 140,353,583
share
RMB ordinary
Central Huijin Investment Co., Ltd. 20,315,300 20,315,300
share
Domestically
T.ROWE PRICE INTL DISCOVERY FUND 18,972,618 listed foreign 18,972,618
share
Domestically
LYNAS ASIA FUND 16,443,675 listed foreign 16,443,675
share
RMB ordinary
CHINA SECURITIES FINANCE CORPORATION LIMITED 15,679,091 15,679,091
share
Domestically
VALUE PARTNERS HIGH-DIVIDEND STOCKS FUNDS 13,923,715 listed foreign 13,923,715
share
HUA AN NEW SILK ROAD THEME EQUITY SECURITIES RMB ordinary
10,110,000 10,110,000
INVESTMENT FUND share
Domestically
NATIONAL WESTMINSTER BANK PLC AS DEP OF FS GREATER
9,211,092 listed foreign 9,211,092
CHINA GROWTH FUND
share
Domestically
VALUE PARTNERS CLASSIC FUND 8,156,383 listed foreign 8,156,383
share
RMB ordinary
First State China A share fund 8,010,206 8,010,206
share
Zibo Lucheng Textile Investment Co., Ltd. is the largest
Explanations about associated relationship or concerted action among
shareholder of the Company and the actual controller.
the above shareholders
Tailun (Thailand) Textile Co., Ltd. is the second largest
Report for the Third Quarter of 2015 of Lu Thai Textile Co., Ltd.
shareholder as well as sponsor of foreign capital of the
Company. All of other shareholders are people holding
circulating A share or circulating B share and the Company
is not able to confirm whether there is associated
relationship or concerted action among other shareholders.
Top ten non-restricted common shareholders taking part in margin
Naught
financing and securities lending (if any)
Did any of the top 10 common shareholders or the top 10 non-restricted common shareholders of the Company carry out any agreed
buy-back in the reporting period?
□ Yes √ No
No shareholder of the Company carried out any agreed buy-back in the reporting period.
2. Total number of preferred share holders and shareholdings of the top ten preferred share holders at the
period-end
□ Applicable √ Inapplicable
Section III. Significant Events
I. Major changes of main accounting statement items and financial indicators in the reporting
period, as well as reasons for the changes
√ Applicable □ Inapplicable
(1) Monetary funds as at 30 Sept. 2015 stood at RMB 956,833,305.54, up 43.61% from the
year-beginning amount, mainly because the shares repurchase reserve funds had not paid.
(2) Notes receivable as at 30 Sept. 2015 stood at RMB 168,400,772.02, up 47.97% from the
year-beginning amount, mainly because the corresponding bank acceptance bills receivable and the
LC of the operating income increased at the reporting period.
(3) Interests receivable as at 30 Sept. 2015 stood at RMB 461,711.95, up 100.00% from the
year-beginning amount, mainly because the interests receivable increased at the reporting period.
(4) Other current assets as at 30 Sept. 2015 stood at RMB 24,641,973.01, up 376.88% from the
year-beginning amount, mainly because the VAT and the input tax to be deducted and the pre-paid
Income tax to be deducted increased.
(5) Engineering material as at 30 Sept. 2015 stood at RMB 31,577,585.24, up 58.79% from the
year-beginning amount, mainly because the equipments to be installed of the Lu Thai (Cambodia)
and the Lu Thai (Myanmar) increased.
(6) Long-term deferred expense as at 30 Sept. 2015 stood at RMB 73,791,208.53, up 160.57% from
the year-beginning amount, mainly because the land rentals of the Lu Thai (Vietnam), the Lu Thai
(Cambodia) and Lu Thai (Myanmar) newly increased.
(7) Short-term borrowings as at 30 Sept. 2015 stood at RMB 749,720,308.36, up 44.89% from the
year-beginning amount, mainly because the short-term borrowings of the parent company
Report for the Third Quarter of 2015 of Lu Thai Textile Co., Ltd.
increased.
(8) Financial liabilities measured at fair value with changes recorded into current gains and losses as
at 30 Sept. 2015 stood at RMB 19,444,595.00, up 488.13% from the year-beginning amount,
mainly because the losses of the changes of the fair value of the forward foreign exchange
settlement at the period-end.
(9) Notes payable as at 30 Sept. 2015 stood at RMB 1,823,163.13, down 75.44% from the
year-beginning amount, mainly because the notes payable paid as expired.
(10) Accounts payable as at 30 Sept. 2015 stood at RMB 231,878,445.18, down 32.61% from the
year-beginning amount, mainly because the purchase amount of the raw materials payable at the
period-begin paid at the reporting period.
(11) Prepayments as at 30 Sept. 2015 stood at RMB 117,594,870.83, up 43.10% from the
year-beginning amount, mainly because the customer payment in advance increased.
(12) Interests payable as at 30 Sept. 2015 stood at RMB 1,305,403.16, up 155.27% from the
year-beginning amount, mainly because the increase of the borrowings of the parent company due
to the increase of the interests payable.
(13) Long-term borrowings as at 30 Sept. 2015 stood at RMB 0.00, down 100.00% from the
year-beginning amount, mainly because the transfer from the long-term borrowings at the
period-end to the non-current liabilities due within 1 year.
(14) Long-term accounts payable as at 30 Sept. 2015 stood at RMB 0.00, down 100.00% from the
year-beginning amount, mainly because the payment of the bond amount of the electric power at the
reporting period.
(15) Other comprehensive income as at 30 Sept. 2015 stood at RMB 7,770,092.57, up 192.06%
from the year-beginning amount, mainly because the changes of the exchange rate at the period-end
due to the increase of the revenue from the foreign currency statement translation.
(16) Financial expenses for Jan.-Sept. 2015 stood at RMB 15,616,968.80, up 48.73% year on year,
mainly because the losses of the exchange increased.
(17) Assets impairment losses for Jan.-Sept. 2015 stood at RMB 2,320,358.38, up 141.55% year on
year, mainly because the increase of the accounts receivable at the period-end due to the increase of
the assets impairment losses.
(18) Revenues from the changes of the fair value for Jan.-Sept. 2015 stood at RMB -16,138,395.00,
up 42.31% year on year, mainly b
