1. People's Republic of China Stocks

  2. •

    Industrials

  3. •

    Agricultural - Machinery
First Tractor Company Limited

First Tractor Company Limited

FIRRY
First Tractor Company LimitedUS flagOther OTC
9.50
USD
- -
- -
1.07BMarket 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
111.02
90.65
96.97
89.16
73.07
56.21
58.23
75.89
83.73
110.85
102.6
105.94
- -
107.6
Basic EPS, GAAP
2.28
1.68
1.36
2.24
0.57
-13.19
0.62
2.84
3.94
6.06
8.87
8.21
- -
10.22
Free Cash Flow per Basic Share
-6.21
-5.84
2.28
18.85
-8.6
-6.62
0.83
11.84
4.68
31.22
8.61
9.83
- -
-1.11
Dividend per Share
2.97
1.73
1.78
1.6
2.14
1.96
1.42
1.52
1.02
1.77
2.43
3.25
- -
3.35
Book Value per Share
20.19
20.85
21.48
22.97
22.86
15
15.38
18.07
20.09
23.71
29.75
33.99
- -
34.59
Tangible Book Value per Share
43.16
43.92
44.95
46.3
46.35
38.69
40.52
42.69
47.56
51.31
57.92
62.99
- -
62.95
Basic Weighted Avg Shares
100
100
100
99
99
99
99
99
110
112
112
112
- -
112
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
3,342
3,404
3,423

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
4.32
- -
- -
- -
8.87
2024
5.33
- -
- -
- -
8.21
2025
- -
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
0.02
- -
- -
- -
2.43
2024
0.01
- -
- -
- -
3.25
2025
- -
- -
- -
- -
- -

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
Jul 20, 2012
Website
first-tractor.com.cn
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Business
First Tractor Company Limited engages in the research, development, manufacturing, and sale of agricultural machinery and power machinery. Its core products include medium and large-sized wheeled tractors and crawler tractors ranging from 25 to 500 horsepower; off-road diesel engines for tractors, harvesters, engineering machinery, ships, and generator sets; and component products such as castings and forgings, gears, axles, gearboxes, covers, fuel injection pumps, and fuel nozzles. The company operates through three divisions: Agricultural Machinery, Power Machinery, and Finance, and serves agricultural and industrial markets primarily in China with expanding international reach. Founded in 1955 and headquartered in Luoyang, China, First Tractor Company Limited is listed on the Shanghai and Hong Kong stock exchanges. Recent significant developments include a CNY 85.716 million funding arrangement from Sinomach Finance Co., Ltd. to support business operations and strategic growth initiatives. The company continues robust investment in research and development, having allocated approximately CNY 500 million in recent years to enhance product efficiency and reduce emissions. Its revenue for 2024 reached approximately RMB 11.9 billion with a profit of RMB 922 million, reflecting stable financial performance. First Tractor is also advancing its product portfolio with new tractors and engine models aimed at improving power and environmental standards, supporting its strategic expansion in both domestic and overseas markets.