1. China Stocks

  2. •

    Producer manufacturing

  3. •

    Trucks/Construction/Farm machinery
First Tractor Co., Ltd. Class A

First Tractor Co., Ltd. Class A

0.86
EUR
-0.01
(-1.16%)
0.11EPS
8.20P/E
1.90BMarket Cap
Oct 29Next Earn
First Tractor Co., Ltd. Class A
GETTEX:FTP
(Gettex)

Recent

price

0.86

P/E

ratio

8.20

div

yld

4.06%

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
CNY
6.23
7.11
6.6
5.7
4.66
4.98
4.58
3.75
2.89
2.99
3.9
4.3
5.69
5.27
5.44
4.95
8.7
Revenue per Share
0.33
0.27
0.19
0.12
0.09
0.07
0.12
0.03
-0.68
0.03
0.15
0.2
0.31
0.46
0.42
0.37
0.83
Basic EPS, GAAP
-0.01
-0.06
-0.03
-0.32
-0.3
0.12
0.97
-0.44
-0.34
0.04
0.61
0.24
1.6
0.44
0.5
- -
- -
Free Cash Flow per Basic Share
0.17
0.08
0.06
0.15
0.09
0.09
0.08
0.11
0.1
0.07
0.08
0.05
0.09
0.12
0.17
0.19
0.27
Dividend per Share
1.91
2.07
2.28
2.32
2.37
2.41
2.49
2.5
2.09
2.12
2.26
2.47
2.72
3.06
3.32
3.5
3.31
Book Value per Share
1.78
1.6
1.84
1.83
1.88
1.94
2.03
2.05
1.65
1.71
1.86
2.13
2.39
2.73
3
3.21
2.99
Tangible Book Value per Share
1,647
1,647
1,744
1,939
1,938
1,938
1,937
1,923
1,919
1,918
1,919
2,141
2,187
2,187
2,187
2,187
1,390
Basic Weighted Avg Shares
10,266
11,703
11,508
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
Sales/Revenue/Turnover
4.99
4.93
3.86
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
Operating Margin (%)
128
151
190
256
298
314
333
328
334
88
87
83
84
78
69
58
- -
Depreciation Expense
543
440
325
227
168
135
223
57
-1,300
61
280
433
681
997
922
812
1,148
Net Income, GAAP
13.01
14.17
15.41
21.3
22.5
37.27
19.35
32.73
- -
30.72
8.58
5.85
- -
1.4
11.49
8.16
9.41
Effective Tax Rate (%)
5.29
3.76
2.82
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
Profit Margin (%)
1,303
344
1,204
1,973
921
328
1,621
669
349
108
568
1,805
1,754
443
927
2,169
611
Working Capital
600
186
618
1,574
1,539
1,521
1,506
689
868
139
115
112
74
210
87
434
201
LT Debt
3,544
3,952
4,943
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
Total Equity
13.99
10.44
6.64
2.75
0.06
1.31
2.25
0.07
- -
1.27
3.74
5.36
- -
11.06
9.37
7.88
12.14
Return on Invested Capital (%)
13.67
8.18
5.35
3.54
3.17
2.32
3.5
2.01
- -
1.39
4.92
6.15
- -
11.28
9.07
7.08
12.19
Return on Capital (%)
18.1
13.4
8.3
5.09
3.69
2.92
4.7
1.17
-29.53
1.52
6.66
8.9
11.99
15.76
13.22
10.89
16.76
Return on Common Equity (%)

Capital Structure

CNY

•

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
2,187
2,187
2,187
Market Capitalization
9,510
12,535
14,819

Working Capital

CNY

•

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

CNY

•

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
- -
- -
- -
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

CNY

•

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

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
0.22
0.24
0.29
-0.08
0.46
2024
0.27
0.27
- -
- -
0.42
2025
- -
- -
- -
- -
0.37

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
0.23
- -
0.01
0.12
2024
- -
0.32
- -
- -
0.17
2025
- -
- -
- -
- -
0.19
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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 with horsepower ranging from 25 to over 100, crawler tractors designed for wet and soft soil conditions, off-road diesel engines ranging from 10KW to 450KW suitable for agricultural machinery and some construction and power generator applications, as well as component products including castings, forgings, gears, gearboxes, cylinder blocks, crankshafts, oil injection pumps, and nozzles. The company operates primarily in China, with an expanding presence in international markets such as Central Asia and the Outer Caucasus, alongside domestic sales. Founded in 1955 and headquartered in Luoyang, Henan Province, China, it is controlled by YTO Group Corporation and includes subsidiaries across manufacturing and trade sectors. Recent major developments include an increased focus on intelligent and green manufacturing upgrades, launching projects to improve multifunctional tractor capacity and manufacturing high-efficiency, low-emission diesel engines. The company has ramped up R&D investments, successfully released batches of high-horsepower smart tractors in regions including Xinjiang and Northeast China, and initiated production of tractors adapted for hilly and mountainous terrains with successful deployments in Gansu Province. First Tractor has been actively expanding its product portfolio with advanced technologies such as power shift and continuously variable transmission (CVT) tractors and fuel cell wheeled tractors. Its sales structure is being optimized to respond to shifting agricultural mechanization trends favoring high-powered tractors, with domestic and export sales increasing despite challenges in some international markets like Russia. Strategic financial activities include receiving significant funding from Sinomach Finance and continuing cost control and efficiency improvements that have driven profitability growth in recent periods. The company maintains a broad manufacturing system for core tractor parts in-house, supporting high product quality and strong after-sales service networks nationally.