Lu Thai Textile Income Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022	Dec '20 Dec 31, 2020
Operating Revenue	5,838	5,939	5,770	6,721	5,104	4,617
Other Revenue	151.7	151.7	191.89	217.59	133.89	134.18
Revenue	5,989	6,091	5,961	6,938	5,238	4,751
Revenue Growth (YoY)	-0.50%	2.17%	-14.08%	32.45%	10.25%	-30.14%
Cost of Revenue	4,698	4,721	4,680	5,330	4,250	3,850
Gross Profit	1,292	1,370	1,281	1,608	988.07	900.91
Selling, General & Admin	491.99	495.33	530.78	533.24	442.24	486.37
Research & Development	188.05	206.82	239.78	276.42	252.91	231.27
Other Operating Expenses	70.15	62.58	18.13	20.32	59.49	66.24
Operating Expenses	762.52	767.72	790.69	847.04	759.3	797.88
Operating Income	528.99	601.78	490.65	760.9	228.77	103.03
Interest Expense	-101.77	-102.9	-86.31	-88.64	-65.53	-67.91
Interest & Investment Income	320.84	60.96	91.55	70.59	104.22	171.14
Currency Exchange Gain (Loss)	51.83	51.83	37.92	197.85	-12.49	-59.91
Other Non Operating Income (Expenses)	29.3	-6.13	-4.73	-20.01	-14.49	-14.78
EBT Excluding Unusual Items	829.21	605.53	529.09	920.69	240.48	131.56
Gain (Loss) on Sale of Investments	-98.75	-137.33	-65.02	169.19	16.42	-107
Gain (Loss) on Sale of Assets	-3.15	-3.14	-9.12	0.91	57.18	-0.32
Asset Writedown	-39.79	-34.94	-17.75	-11.41	-7.74	-1.51
Other Unusual Items	42.66	37.69	-	0.01	56.98	62.08
Pretax Income	730.18	467.81	437.19	1,079	363.32	84.82
Income Tax Expense	90.07	41.55	40.84	105.62	35.99	-4.27
Earnings From Continuing Operations	640.11	426.26	396.35	973.76	327.32	89.09
Minority Interest in Earnings	-14.97	-15.94	7.09	-9.9	20.29	8.22
Net Income	625.14	410.32	403.44	963.86	347.61	97.31
Net Income to Common	625.14	410.32	403.44	963.86	347.61	97.31
Net Income Growth	75.51%	1.70%	-58.14%	177.28%	257.22%	-89.78%
Shares Outstanding (Basic)	812	821	858	876	891	885
Shares Outstanding (Diluted)	904	873	961	1,015	966	885
Shares Change (YoY)	-1.35%	-9.12%	-5.32%	5.08%	9.15%	3.10%
EPS (Basic)	0.77	0.50	0.47	1.10	0.39	0.11
EPS (Diluted)	0.69	0.47	0.42	0.95	0.36	0.11
EPS Growth	77.91%	11.91%	-55.79%	163.89%	227.27%	-90.09%
Free Cash Flow	769.21	1,027	8.1	917.91	-83	11.82
Free Cash Flow Per Share	0.85	1.18	0.01	0.91	-0.09	0.01
Dividend Per Share	0.100	0.250	0.130	0.100	0.070	0.050
Dividend Growth	-64.29%	92.31%	30.00%	42.86%	40.00%	-50.00%
Gross Margin	21.56%	22.48%	21.49%	23.18%	18.86%	18.96%
Operating Margin	8.83%	9.88%	8.23%	10.97%	4.37%	2.17%
Profit Margin	10.44%	6.74%	6.77%	13.89%	6.64%	2.05%
Free Cash Flow Margin	12.84%	16.86%	0.14%	13.23%	-1.58%	0.25%
EBITDA	1,028	1,091	965.78	1,224	677.89	575.52
EBITDA Margin	17.17%	17.91%	16.20%	17.64%	12.94%	12.11%
D&A For EBITDA	499.14	488.85	475.13	463.23	449.12	472.49
EBIT	528.99	601.78	490.65	760.9	228.77	103.03
EBIT Margin	8.83%	9.88%	8.23%	10.97%	4.37%	2.17%
Effective Tax Rate	12.34%	8.88%	9.34%	9.79%	9.91%	-
Revenue as Reported	5,989	6,091	5,961	6,938	5,238	4,751
Advertising Expenses	-	22.15	19.24	15.43	14.81	18.07

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.