First Tractor Company Limited (0038.HK) stock price, financials & research

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Company profile

First Tractor Co., Ltd. engages in the research, development, manufacture, and sale of agricultural machinery and power machinery as well as their parts and components. It operates through the following business segments: Agricultural machinery, Power machinery, and Finance. The Agricultural machinery segment involves in the research, development, manufacture, and sale of wheeled and crawler tractors as well as related parts such as forgings, gears, and gearboxes. The Power machinery segment includes off-read diesel engines as well as parts such as fuel pumps and injectors. The Finance segment provides capital settlement, deposit and loan, finance lease, buyer credit, and investment services through non-bank financial institution subsidiaries. The company was founded in 1955 and is headquartered in Luoyang, China.

Industry: Agricultural - Machinery
Sector: Industrials
Headquarters: CN
CEO: Tao Wei
Listed since: Jun 23, 1997
Employees: 7,011

Market position

Day range

Current HK$8.43

HK$8.42HK$8.635

52-week range

Current HK$8.43

HK$6.33HK$10.60

Open: HK$8.50
Previous close: HK$8.57
Volume: 810K; 0.2× average
Average volume: 3.99M; Average daily volume
Market cap: 16.1B HKD
Beta: 1.22; Market reference 1
50-day average: HK$7.8571; +7.29% above average
200-day average: HK$8.4442; -0.17% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value: 9.57B CNY
P/E (TTM): 17.24×
P/B (TTM): 1.77×
P/S (TTM): 1.12×
EV / EBITDA: 10.85×
Earnings yield: 9.62%
Free cash flow yield: 9.96%
Dividend yield: 2.06%

Profitability & efficiency

Gross margin: 15.16%
Operating margin: 6.58%
Net margin: 7.73%
Return on equity: 10.59%
Return on assets: 5.38%
Return on invested capital: 7.25%

Financial health

Debt / equity: 0.28×
Current ratio: 1.36×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin

Income trends

Revenue

10.82B CNY-9.09%

Operating income

918.23M CNY-12.24%

Net income

811.95M CNY-11.94%

Metric (CNY)	FY2025	FY2024	FY2023	FY2022	FY2021
Revenue	10.82B CNY	11.9B CNY	11.53B CNY	12.56B CNY	9.33B CNY
Cost of goods sold	9.18B CNY	10.15B CNY	9.73B CNY	10.5B CNY	7.74B CNY
Gross profit	1.6B CNY	1.76B CNY	1.81B CNY	1.96B CNY	1.6B CNY
Research and development	508.89M CNY	516.38M CNY	461.34M CNY	598.44M CNY	415.35M CNY
Selling, general, and administrative	65.23M CNY	511.15M CNY	203.36M CNY	190.71M CNY	254.35M CNY
Operating expenses	684.33M CNY	712.8M CNY	810.17M CNY	1.46B CNY	1.11B CNY
Interest income	19.75M CNY	44.92M CNY	152.51M CNY	130.63M CNY	120.65M CNY
Interest expense	12.74M CNY	5.76M CNY	27.18M CNY	33.32M CNY	49.97M CNY
Depreciation and amortization	275.91M CNY	290.02M CNY	315.53M CNY	325.52M CNY	338.96M CNY
Operating income	918.23M CNY	1.05B CNY	996.27M CNY	588.02M CNY	426.9M CNY
Net income	811.95M CNY	922.02M CNY	997.02M CNY	681.05M CNY	433.34M CNY