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First Tractor Co 601038.SS · CNY

Industrials · Shanghai · 🇨🇳 China

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13.90

-1.07%

Close of 9 Nov 2026, in CNY

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Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.

At a glance

Figures in CNY, from our data supplier.

FY2025

Revenue

CN¥10.82bn

FY2016FY2025

Net income

CN¥812.0m

FY2016FY2025

Free cash flow

CN¥862.6m

FY2016FY2025

Shareholders' equity

CN¥7.66bn

FY2016FY2025

Income statement

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
RevenueCN¥10.82bnCN¥11.90bnCN¥11.53bnCN¥12.56bnCN¥9.33bnCN¥7.58bnCN¥5.83bnCN¥5.68bnCN¥7.36bnCN¥8.87bn
Gross profitCN¥1.55bnCN¥1.73bnCN¥1.72bnCN¥2.05bnCN¥1.54bnCN¥1.28bnCN¥913.5mCN¥417.4mCN¥1.27bnCN¥1.76bn
Research and developmentCN¥522.4mCN¥516.4mCN¥461.3mCN¥528.8mCN¥415.4mCN¥339.0mCN¥356.6mCN¥378.4mCN¥386.3mCN¥404.6m
Operating incomeCN¥587.1mCN¥1.05bnCN¥996.3mCN¥588.0mCN¥426.9mCN¥292.7mCN¥143.7m−CN¥1.35bnCN¥8.5mCN¥47.4m
Net incomeCN¥812.0mCN¥922.0mCN¥997.0mCN¥681.1mCN¥438.2mCN¥280.2mCN¥61.5m−CN¥1.30bnCN¥56.5mCN¥223.4m
Diluted earnings per share0.720.820.890.610.390.280.06-1.320.060.22

Balance sheet

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Total assetsCN¥15.10bnCN¥14.69bnCN¥13.82bnCN¥12.99bnCN¥12.34bnCN¥12.34bnCN¥11.63bnCN¥13.14bnCN¥14.10bnCN¥13.21bn
Cash and short-term investmentsCN¥5.80bnCN¥4.88bnCN¥3.63bnCN¥5.61bnCN¥4.64bnCN¥4.57bnCN¥2.38bnCN¥2.45bnCN¥3.33bnCN¥3.32bn
Total liabilitiesCN¥6.66bnCN¥6.91bnCN¥6.60bnCN¥6.49bnCN¥6.36bnCN¥7.37bnCN¥6.85bnCN¥8.48bnCN¥8.66bnCN¥7.71bn
DebtCN¥3.06bnCN¥2.95bnCN¥2.39bnCN¥362.3mCN¥615.4mCN¥1.27bnCN¥2.58bnCN¥3.72bnCN¥4.54bnCN¥3.37bn
Shareholders' equityCN¥7.66bnCN¥7.26bnCN¥6.69bnCN¥5.96bnCN¥5.40bnCN¥4.34bnCN¥4.07bnCN¥4.01bnCN¥4.80bnCN¥4.83bn
Shares outstanding1,124m1,124m1,124m1,124m1,124m986m986m986m987m994m

Cash flow

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash from operationsCN¥1.06bnCN¥1.22bnCN¥1.06bnCN¥3.60bnCN¥582.3mCN¥1.25bnCN¥330.7m−CN¥384.4m−CN¥556.3mCN¥2.09bn
Capital spending−CN¥192.9m−CN¥112.0m−CN¥89.1m−CN¥94.2m−CN¥67.8m−CN¥81.2m−CN¥249.1m−CN¥268.4m−CN¥293.2m−CN¥217.8m
Free cash flowCN¥862.6mCN¥1.10bnCN¥967.2mCN¥3.51bnCN¥514.4mCN¥1.17bnCN¥81.6m−CN¥652.8m−CN¥849.5mCN¥1.88bn
Dividends paid−CN¥412.7m−CN¥360.4m−CN¥273.2m−CN¥132.9m−CN¥111.8m−CN¥71.5m−CN¥140.0m−CN¥192.6m−CN¥198.2m−CN¥159.5m

Latest quarters

By quarter end

Dec 2025Sept 2025Jun 2025Mar 2025Dec 2024Sept 2024Jun 2024Mar 2024
RevenueCN¥1.12bnCN¥2.77bnCN¥2.37bnCN¥4.56bnCN¥1.17bnCN¥2.93bnCN¥3.15bnCN¥4.66bn
Gross profitCN¥43.2mCN¥464.0mCN¥378.3mCN¥725.1m−CN¥29.3mCN¥435.7mCN¥509.8mCN¥794.0m
Operating income−CN¥316.8mCN¥183.6mCN¥300.9mCN¥622.0m−CN¥258.8mCN¥227.8mCN¥376.8mCN¥700.5m
Net income−CN¥182.2mCN¥225.2mCN¥239.5mCN¥529.5m−CN¥178.9mCN¥195.6mCN¥306.0mCN¥599.4m
Diluted earnings per share-0.160.200.210.47-0.160.170.270.53
Cash from operations−CN¥71.0mCN¥716.0mCN¥309.0mCN¥87.0m−CN¥515.0mCN¥854.0mCN¥667.0mCN¥247.0m
Capital spending−CN¥115.0m−CN¥27.0m−CN¥18.0m−CN¥32.0m−CN¥22.0m−CN¥17.0m−CN¥39.0m−CN¥32.0m
Free cash flow−CN¥186.0mCN¥689.0mCN¥291.0mCN¥55.0m−CN¥537.0mCN¥837.0mCN¥628.0mCN¥215.0m
Total assetsCN¥15.10bnCN¥16.25bnCN¥15.31bnCN¥16.00bnCN¥14.69bnCN¥15.80bnCN¥14.78bnCN¥15.36bn
Cash and short-term investmentsCN¥5.80bnCN¥2.75bnCN¥5.99bnCN¥3.63bnCN¥4.88bnCN¥4.60bnCN¥3.68bnCN¥3.53bn
DebtCN¥3.06bnCN¥3.03bnCN¥307.5mCN¥223.9mCN¥2.86bnCN¥2.66bnCN¥282.0mCN¥217.1m
Shareholders' equityCN¥7.66bnCN¥7.84bnCN¥7.69bnCN¥7.79bnCN¥7.26bnCN¥7.44bnCN¥7.24bnCN¥7.29bn

Financial ratios

Data as of 1 Oct 2026

FY2025FY2024FY2023FY2022FY2021FY2020
Gross margin14.3%14.5%14.9%16.3%16.5%16.9%
Operating margin5.4%8.8%8.6%4.7%4.6%3.9%
Net margin7.5%7.7%8.6%5.4%4.7%3.7%
Return on equity10.6%12.7%14.9%11.4%8.1%6.5%
Return on assets5.4%6.3%7.2%5.2%3.6%2.3%
Free cash flow yield8.1%8.6%7.4%24.0%4.2%9.8%
Revenue growth-9.1%3.2%-8.2%34.6%23.1%30.1%
Earnings growth-11.9%-7.5%46.4%55.4%56.4%355.7%
Current ratio1.36x1.14x1.07x1.29x1.31x1.08x
Debt to equity0.40x0.41x0.36x0.06x0.11x0.29x
Equity ratio50.7%49.4%48.4%45.9%43.8%35.1%
Interest coverage37.44x112.87x33.03x26.36x15.04x4.81x
R&D as a share of sales4.8%4.3%4.0%4.2%4.4%4.5%
Buybacks as a share of market value0.0%0.0%0.0%0.0%-14.0%0.0%

Growth per year

Compound annual rate

3 years5 years10 years
Revenue-4.9%7.4%1.1%
Operating income-0.1%14.9%13.0%
Net income6.0%23.7%19.6%

Average margins

Over each period

1 year3 years5 years10 years
Gross margin14.4%15.0%15.5%16.0%
Operating margin7.2%6.9%6.2%2.9%
Net margin7.6%7.3%6.5%3.3%

Valuation history

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Price to earnings19.618.016.418.636.142.8111.3-3.7146.350.3
Price to sales1.51.41.41.01.71.61.20.81.11.3

Dividends and splits

Per share, in the currency the company pays

Paid for 5 years. Last went ex-dividend on 16 Sept 2026.

FY2026FY2025FY2024FY2023FY2022FY2021FY2017FY2016
Paid in the year0.2670.3680.3190.2260.1170.0750.0570.041

Sources and methodology

Data on this tab
Our data supplier
Chart on the Overview
TradingView

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