鲁泰Ｂ:2023年半年度报告(英文版)

【摘要】LUTHAITEXTILECO.,LTD.INTERIMREPORT2023August2023PartIImportantNotes,TableofContentsandDefinitionsTheBoardofDirectors(ort...

            LU THAI TEXTILE CO., LTD.

              INTERIM REPORT 2023

                        August 2023


      Part I Important Notes, Table of Contents and Definitions

The Board of Directors (or the “Board”), the Supervisory Committee as well as the directors,
supervisors and senior management of Lu Thai Textile Co., Ltd. (hereinafter referred to as the
“Company”) hereby guarantee the factuality, accuracy and completeness of the contents of
this Report and its summary, and shall be jointly and severally liable for any
misrepresentations, misleading statements or material omissions therein.

Liu Zibin, the Company’s legal representative, and Zhang Keming, head of accounting affairs
and head of the accounting department (equivalent to accounting manager) hereby guarantee
that the Financial Statements carried in this Report are factual, accurate and complete.

All the Company’s directors have attended the Board meeting for the review of this Report
and its summary.

The Company is subject to the disclosure requirements for listed companies engaging in
textile and apparel as stated in Guideline No. 3 of the Shenzhen Stock Exchange for Self-
regulation of Listed Companies—Industry-specific Information Disclosure.

The international political and economic landscapes have become complicated since 2023, and
global inflationary pressure persists. This has placed China’s economy in an increasingly
complex and severe external environment. With the full resumption of socioeconomic
development, the State Council and governments and departments at all levels launch a range
of policies to boost consumption. This has contributed to a gradual recovery in market
demand and consistently growing production and supply, presenting an upturn in the national
economic recovery. According to the data released by the National Bureau of Statistics, the
retail sales of consumer goods between January and June 2023 totaled RMB22.7588 trillion,
up 8.2% year on year. This indicates that, as the consumer market is recovering steadily, its
supporting role for the textile and apparel industry is significantly enhanced. Additionally,
data from China Customs shows that, in the first half of 2023, China’s export of textiles and
apparel totaled USD142.68 billion, a year-on-year decrease of 8.8%. This is caused by
insufficient demand in overseas markets as a result of the weak global economic recovery. For
details, please refer to Part III Management Discussion andAnalysis.

The Company has no interim dividend plan, either in the form of cash or stock.

This Report and its summary have been prepared in both Chinese and English. Should there
be any discrepancies or misunderstandings between the two versions, the Chinese versions
shall prevail.


                  Table of Contents


Part I Important Notes, Table of Contents and Definitions...... 2

Part II Corporate Information and Key Financial Information...... 6

Part III Management Discussion andAnalysis......9
Part IV Corporate Governance......28

Part V Environmental and Social Responsibility......30

Part VI Significant Events......34

Part VII Share Changes and Shareholder Information......41

Part VIII Preferred Shares......51
Part IX Bonds......52
Part X Financial Statements......56

              DocumentsAvailable for Reference

1. The financial statements signed and stamped by the Company’s legal representative and head of accounting
affairs and head of the accounting department; and

2. The originals of all the Company’s announcements and documents disclosed to the public during the Reporting
Period on Securities Times, Shanghai Securities News, China Securities Journal and Ta Kung Pao.


                        Definitions

                  Term                                              Definition

The “Company”, “LTTC”, “Issuer” or “we”      Lu Thai Textile Co., Ltd. and its consolidated subsidiaries, except where the
                                          context otherwise requires

The Board of Directors                      The Board of Directors of Lu Thai Textile Co., Ltd.

The Supervisory Committee                  The Supervisory Committee of Lu Thai Textile Co., Ltd.

CSRC                                    The China Securities Regulatory Commission

RMB, RMB’0,000                          Expressed in the Chinese currency of Renminbi, expressed in ten thousand
                                          Renminbi

The “Company Law”                        The “Company Law of the People‘s Republic of China”

The “Securities Law”                        The “Securities Law of the People‘s Republic of China”

The “Reporting Period” or “Current Period”      The period from 1 January 2023 to 30 June 2023


  Part II Corporate Information and Key Financial Information

I Corporate Information

Stock name                    LTTC, LTTC-B        Stock code                000726, 200726

Previous stock name (if any)      N/A

Stock exchange for stock listing    Shenzhen S