1. People's Republic of China Stocks

  2. •

    Industrials

  3. •

    Agricultural - Machinery
First Tractor Company Limited

First Tractor Company Limited

FIRRF
First Tractor Company LimitedUS flagOther OTC
0.95
USD
-NaN
- -
1.84BMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
11.1
9.06
9.7
8.92
7.31
5.62
5.82
7.59
8.37
11.08
10.26
10.59
9.63
10.76
Basic EPS, GAAP
0.23
0.17
0.14
0.22
0.06
-1.32
0.06
0.28
0.39
0.61
0.89
0.82
0.72
1.02
Free Cash Flow per Basic Share
-0.62
-0.58
0.23
1.88
-0.86
-0.66
0.08
1.18
0.47
3.12
0.86
0.98
-0.17
-0.11
Dividend per Share
0.3
0.17
0.18
0.16
0.21
0.2
0.14
0.15
0.1
0.18
0.24
0.33
0.37
0.33
Book Value per Share
2.02
2.08
2.15
2.3
2.29
1.5
1.54
1.81
2.01
2.37
2.97
3.4
3.7
3.46
Tangible Book Value per Share
4.32
4.39
4.5
4.63
4.63
3.87
4.05
4.27
4.76
5.13
5.79
6.3
6.75
6.3
Basic Weighted Avg Shares
996
996
996
995
988
986
985
986
1,100
1,124
1,124
1,124
1,124
1,124
Sales/Revenue/Turnover
11,058
9,027
9,655
8,871
7,219
5,541
5,737
7,481
9,209
12,455
11,528
11,904
10,823
12,092
Operating Margin (%)
4.26
1.6
3.94
3.68
-1.64
-21.25
-2.27
5.26
5.75
6.51
6.87
7.57
6.75
8.73
Depreciation Expense
256
298
314
333
328
334
88
87
83
84
78
69
58
- -
Net Income, GAAP
227
168
135
223
57
-1,300
61
280
433
681
997
922
812
1,148
Effective Tax Rate (%)
21.3
22.5
37.27
19.35
32.73
- -
30.72
8.58
5.85
- -
1.4
11.49
8.16
9.41
Profit Margin (%)
2.05
1.86
1.4
2.52
0.78
-23.46
1.07
3.74
4.71
5.47
8.65
7.75
7.5
9.5
Working Capital
1,973
921
328
1,621
669
349
108
568
1,805
1,754
443
927
2,169
611
LT Debt
1,574
1,539
1,521
1,506
689
868
139
115
112
74
210
87
434
201
Total Equity
5,258
5,321
5,399
5,504
5,439
4,656
4,784
4,976
5,982
6,497
7,219
7,778
8,231
7,767
Return on Invested Capital (%)
5.63
1.46
2.89
3.14
-0.93
- -
-1.15
5.03
6.66
- -
8.8
8.07
6.27
10.2
Return on Capital (%)
5.48
4.53
3.22
4.86
2.79
- -
2
7.44
9.68
- -
17.7
13.65
10.37
18.51
Return on Common Equity (%)
11.63
8.21
6.42
10.1
2.49
-69.56
4.11
17
21.72
27.95
33.2
25.75
20.37
32.38

Capital Structure

FRC

•

in mil. unless spec.
Dec'23
Mar'24
Jun'24
ST Debt
2,184
1,682
2,028
LT Borrowings
208
200
200
LT Finance Leases
2
2
1
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,124
1,124
1,124
Market Capitalization
5,026
5,118
5,146

Working Capital

FRC

•

in mil. unless spec.
Dec'23
Mar'24
Jun'24
Total Current Assets
6,488
7,775
7,105
Cash, Cash Equivalents & STI
3,849
3,527
3,458
Accounts Receivable, Net
331
1,690
1,460
Inventories
1,514
1,427
1,108
Total Current Liabilities
6,045
6,976
6,495
Payables & Accruals
- -
- -
- -
ST Debt
2,184
1,682
2,028
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
4.67%
10.7%
5.82%
Free Cash Flow
212.58%
70.04%
-117.47%
Net Income, GAAP
-202.04%
27.75%
-11.94%
Sales/Revenue/Turnover
2.9%
9.02%
-9.09%
Total Cash Common Dividend
13.18%
27.64%
14.68%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
4,190
3,049
3,009
1,276
11,528
2024
4,656
3,151
- -
- -
11,904
2025
- -
- -
- -
- -
10,823

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
0.43
- -
- -
- -
0.89
2024
0.53
- -
- -
- -
0.82
2025
- -
- -
- -
- -
0.72

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
0.24
2024
- -
- -
- -
- -
0.33
2025
- -
- -
- -
- -
0.37

Company Description

APIChat
CEO
Bin Liu
Full Time Employees
6,920
Sector
Industrials
Industry
Agricultural - Machinery
Address
No. 154 Jianshe Road Luoyang People's Republic of China 471004
IPO Date
May 15, 2012
Website
first-tractor.com.cn
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Business
First Tractor Company Limited is deeply involved in the global development, production, and distribution of essential agricultural and power machinery, alongside a comprehensive range of associated components. The company strategically operates through its distinct segments: Agricultural Machinery, Power Machinery, and Finance. Within its Agricultural Machinery division, the company manufactures various wheeled and crawler tractors, as well as harvesting equipment, supported by crucial internal components such as robust castings, precision forgings, gears, gearboxes, and protective covers. The Power Machinery segment concentrates on producing off-road diesel engines, alongside critical accessory parts like fuel injection pumps and specialized fuel injectors. Beyond its manufacturing core, the Finance segment facilitates fund settlement and offers a suite of financial solutions. These include providing loans, arranging finance leases, managing bill acceptance and discounting, offering entrusted loans, and engaging in strategic investments for its affiliated enterprises. Furthermore, it extends consumer credit, buyer's credit, and finance lease options for products from its member companies, and handles inter-bank borrowing and lending activities. Established in 1955, First Tractor Company Limited maintains its headquarters in Luoyang, China, and continues to expand its reach, distributing products across markets in Asia, South America, and Africa. The company actively invests in research and development, notably completing field testing for advanced 320-horsepower power shift and CVT tractors in 2024, and has prototyped China's largest power CVT wheeled tractor. Recent corporate activities include reporting earnings for the first nine months of 2025 and adjusting key leadership roles.