2025年年度报告（英文版）

Lu Thai Textile Co., Ltd.Annual Report 20251LU THAI TEXTILE CO., LTD.ANNUAL REPORT 2025April 2026Lu Thai Textile Co., Ltd.Annual Report 20252Annual Report 2025Part I Important Notes, Table of Contents and DefinitionsThe Board of Directors (or the “Board”), as well as the directors and senior executives of LuThai Textile Co., Ltd. (hereinafter referred to as the “Company”) hereby guarantee thefactuality, accuracy and completeness of the contents of this Report and its summary, andshall be jointly and severally liable for any misrepresentations, misleading statements ormaterial omissions therein.Liu Zibin, the Company’s legal representative, and Zhang Keming, Head of AccountingAffairs and Head of the Accounting Department (equivalent to Accounting Manager) herebyguarantee that the Financial Statements carried in this Report are factual, accurate andcomplete.All the Company’s directors have attended the Board meeting for the review of this Reportand its summary.The Company has described in detail in this Report the possible risks. Please refer to thecontents about the major risks and countermeasures in Section XI “Prospects” in “Part IIIManagement Discussion and Analysis” of this Report. Securities Times, Shanghai SecuritiesNews, China Securities Journal, Ta Kung Pao and www.cninfo.com.cn have been designatedby the Company for its information disclosure in 2026. And all information about theCompany shall be subject to what’s disclosed by the Company on the aforesaid media.Investors are kindly reminded to exercise caution when making investment decisions.The Company shall abide by relevant disclosure requirements of the Self-RegulatoryGuidelines of Shenzhen Stock Exchange for Listed Companies No.3 - Industry InformationDisclosure on textile and apparel industry.In 2025, the global economy will recover moderately but with insufficient growth momentum.Coupled with intensified geopolitical conflicts and trade protectionism, the internationaleconomic and trade order will encounter severe challenges. Faced with the test of sluggishglobal economic growth and weak domestic demand, central and local governments at alllevels continue to implement policies to optimize supply and expand domestic demand.Throughtheimplementationofproactivemacropolicies,ourcountry'seconomicperformance has generally maintained a stable and positive trend throughout the year.According to data from the National Bureau of Statistics, my country's GDP in 2025 will growby 5.00% year-on-year, and total retail sales of consumer goods will be RMB50.10 trillion, ayear-on-year growth of 3.70%. In the complex situation of profound changes in theinternational environment and major challenges to the world economic and trade order, thetotal import and export of goods for the year was RMB45.47 trillion, a year-on-year increaseof 3.8%. Our country's economy has demonstrated strong resilience and vitality. Lookingforward to 2026, the global economic growth rate is expected to maintain 3.3%, and dom