鲁 泰Ｂ：2025年年度报告（英文版）

ANNUALREPORT2025 April2026 AnnualReport2025 PartIImportantNotes,TableofContentsandDefinitions TheBoardofDirectors(orthe“Board”),aswellasthedirectorsandseniorexecutivesofLuThaiTextileCo.,Ltd.(hereinafterreferredtoasthe“Company”)herebyguarantee thefactuality,accuracyandcompletenessofthecontentsofthisReportanditssummary,andshallbejointlyandseverallyliableforanymisrepresentations,misleadingstatementsormaterialomissionstherein. LiuZibin,theCompany’slegalrepresentative,andZhangKeming,HeadofAccountingAffairsandHeadoftheAccountingDepartment(equivalenttoAccountingManager)herebyguaranteethattheFinancialStatementscarriedinthisReportarefactual,accurateandcomplete. AlltheCompany’sdirectorshaveattendedtheBoardmeetingforthereviewofthisReportanditssummary. TheCompanyhasdescribedindetailinthisReportthepossiblerisks.PleaserefertothecontentsaboutthemajorrisksandcountermeasuresinSectionXI“Prospects”in“PartIIIManagementDiscussionandAnalysis”ofthisReport.SecuritiesTimes,ShanghaiSecuritiesNews,ChinaSecuritiesJournal,TaKungPaoandwww.cninfo.com.cnhavebeendesignatedbythe Company for its information disclosure in 2026.And all information about theCompanyshall be subject to what’s disclosed by the Company on the aforesaid media.Investorsarekindlyremindedtoexercisecautionwhenmakinginvestmentdecisions. TheCompany shall abide by relevant disclosure requirements of the Self-RegulatoryGuidelinesofShenzhenStockExchangeforListedCompaniesNo.3-IndustryInformationDisclosureontextileandapparelindustry. In2025,theglobaleconomywillrecovermoderatelybutwithinsufficientgrowthmomentum.Coupledwith intensified geopolitical conflicts and trade protectionism,the internationaleconomicandtradeorderwillencounterseverechallenges.Facedwiththetestofsluggishglobaleconomicgrowthandweakdomesticdemand,centralandlocalgovernmentsatalllevelscontinue to implement policies to optimize supply and expand domestic demand.Throughthe implementation of proactive macro policies,our country's economicperformancehas generally maintained a stable and positive trend throughout the year.AccordingtodatafromtheNationalBureauofStatistics,mycountry'sGDPin2025willgrowby5.00%year-on-year,andtotalretailsalesofconsumergoodswillbeRMB50.10trillion,ayear-on-yeargrowth of 3.70%.In the complex situation of profound changes in theinternationalenvironmentandmajorchallengestotheworldeconomicandtradeorder,thetotalimportandexportofgoodsfortheyearwasRMB45.47trillion,ayear-on-yearincreaseof3.8%.Ourcountry'seconomyhasdemonstratedstrongresilienceandvitality.Lookingforwardto2026,theglobaleconomicgrowthrateisexpectedtomaintain3.3%,anddomesticpoliciestostabilizegrowthandpromoteconsumptionwillcontinuetobeeffective.Facingchallengessuchastradebarriers,costpressures,andmarketcompetition,thetextileandapparelindustry needs to continue to diversify the market,adhere to innovation-drivenpolicies,optimizeglobalproductioncapacitylayout,andonthebasisofconsolidatingthebasicforeigntradebase,promoteChina'stextileandapparelindustrytomovetowardsthehighendoftheglobalvaluechainandachievehigherqualitydevelopment.Fordetails,pleaserefertoPartIIIManagementDiscussionandAnalysis. TheprofitdistributionplanapprovedbytheBoardofDirectorsisasfollows:Basedonatotalof817525607shares,acashdividendofRMB1.50(includingtax)willbedistributedforeverytensharestoallshareholders,withnobonusshares(includingtax)tobeissuedandnocapitalizationofreservesintosharecapital. Contents PartIImportantNotes,TableofContentsandDefinitions.................................................................2PartIICompanyProfileandKeyFinancialMetrics...........................................................................7PartIIIManagementDiscussionandAnalysis..................................................................................11PartIVCorporateGovernance,EnvironmentalandSocialMatters..................................................32PartVSignificantEvents...................................................................................................................52PartVIShareChangesandShareholderInformation........................................................................60PartVIIBonds...................................................................................................................................67PartVIIIFinancialStatements...........................................................................................................71 DocumentsAvailableforReference Ⅰ.ThefinancialstatementssignedandstampedbytheCompany’slegalrepresentativeandheadofaccountingaffairsandheadoftheaccountingdepartment;andⅡ.TheoriginalIndependentAuditor’sReportstampedbytheCPAfirm,aswellassignedandstampedbytherelevantcertifiedpublicaccountants;andⅢ.TheoriginalsofalltheCompany’sannouncementsanddocumentsdisclosedtothepublicduringthe Reporting Period on Securities Times,Shanghai Securities News,China SecuritiesJournalandTaKungPao. Definitions PartIICompanyProfileandKeyFinancialMetrics I.CompanyInformation Ⅱ.ContactInformation III.Mediafo