YOLFTbeta
First Tractor Co Ltd

First Tractor Co Ltd

601038 · SHG · Industrials / Farm & Heavy Construction Machinery

13.60CNY+0.12 (+0.89%)

Price History

Full chart

Market Stats

Previous Close13.48
Open13.54
Day Range13.43 – 13.71
52-Week Range10.20 – 15.84
Volume4.75M
Market Cap15.41B
P/E (TTM)18.78
Forward P/E19.38
EPS0.73
Dividend Yield1.95%
Beta1.25
50-Day Avg13.89
200-Day Avg13.44

About

First Tractor Company Limited, engages in the production, manufacture, and sale of agricultural machinery and power machinery. It offers medium and large-sized wheeled and crawler tractors; transmission series tractors; power shuttle series tractors; shift series tractors; autonomous tractors; and hybrid power tractors. The company also provides off-road diesel engines, such as tractors and harvesters, engineering machinery, ships, generator sets, and others; and component products, such as castings and forgings, gear transmission components, covers, offroad axles, transmissions, and cabs/coverings of agricultural machinery products. First Tractor Company Limited was founded in 1955 and is based in Luoyang, China.

Company Details

  • SectorIndustrials
  • IndustryFarm & Heavy Construction Machinery
  • CEOMr. Tao Wei
  • Employees6.95K
  • HeadquartersNo. 154 Jianshe Road, Luoyang, China, 471004, China
  • Websitehttps://www.first-tractor.com.cn

Leadership

  • Mr. Tao WeiGM & Director · b. 1980
  • Mr. Bin LiuCFO & Joint Company Secretary · b. 1975
  • Mr. Wensheng SuDeputy General Manager · b. 1968
  • Mr. Guangjun YangDeputy General Manager · b. 1983
  • Mr. Qingliang ZhaoDeputy General Manager · b. 1982
  • Jingyuan JiangDirector of Accounting Department
  • Ms. Nga Ting WongJoint Company Secretary

Financials

Income Statement

Currency: CNY2004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue4.25B4.77B6.10B6.78B7.93B8.97B10.28B11.33B11.51B11.06B9.03B9.66B8.87B7.36B5.68B5.83B7.58B9.33B12.56B11.53B11.90B10.82B
Growth (%)-+12.23%+28.02%+11.05%+17.10%+13.08%+14.56%+10.22%+1.58%-3.91%-18.37%+6.96%-8.14%-17.04%-22.78%+2.62%+30.06%+23.10%+34.61%-8.20%+3.21%-9.12%
Cost of Revenue3.91B4.41B5.51B5.98B7.28B7.99B8.74B9.78B9.95B9.32B7.53B7.67B7.11B6.09B5.26B4.92B6.30B7.79B10.52B9.81B10.18B9.27B
Gross Profit341.02M357.76M592.36M799.41M971.92M1.36B1.54B1.55B1.56B1.74B1.50B1.98B1.76B1.27B417.42M913.53M1.28B1.54B2.05B1.72B1.73B1.55B
Gross Margin8.03%7.51%9.71%11.80%12.25%15.20%14.97%13.71%13.52%15.72%16.63%20.54%19.80%17.23%7.35%15.67%16.85%16.51%16.28%14.91%14.51%14.33%
Operating Expense426.83M520.63M596.84M719.03M868.51M1.09B918.19M974.08M1.13B1.51B1.50B1.81B1.71B1.26B1.77B769.83M985.24M1.11B1.46B723.78M681.50M962.97M
Operating Income-85.81M-162.86M-4.48M80.38M103.41M273.42M620.97M578.80M430.23M230.50M5.48M173.14M47.43M8.52M-1.35B143.70M292.73M426.90M588.02M996.27M1.05B587.10M
Operating Margin-2.02%-3.42%-0.07%1.19%1.30%3.05%6.04%5.11%3.74%2.08%0.06%1.79%0.53%0.12%-23.78%2.46%3.86%4.57%4.68%8.64%8.79%5.43%
EBITDA118.69M18.83M200.15M398.18M293.61M520.87M802.65M819.46M620.22M599.97M286.40M546.18M672.34M238.06M-901.28M172.16M302.43M660.65M1.08B1.03B1.04B923.37M
EBITDA Margin2.79%0.40%3.28%5.88%3.70%5.81%7.81%7.23%5.39%5.43%3.17%5.66%7.58%3.24%-15.86%2.95%3.99%7.08%8.59%8.93%8.71%8.54%
Net Income9.86M-60.30M72.22M197.78M78.57M252.42M542.67M440.05M324.96M227.08M167.70M135.32M223.37M56.51M-1.30B61.48M280.15M438.21M681.05M997.02M922.02M811.95M
Net Income Margin0.23%-1.27%1.18%2.92%0.99%2.81%5.28%3.88%2.82%2.05%1.86%1.40%2.52%0.77%-22.88%1.05%3.69%4.69%5.42%8.64%7.75%7.51%
R&D24.19M---155.87M---392.30M408.49M405.57M389.24M404.59M386.34M378.39M356.61M339.04M415.35M528.78M461.34M516.38M522.41M
R&D as % of Total Revenue0.57%---1.96%---3.41%3.69%4.49%4.03%4.56%5.25%6.66%6.12%4.47%4.45%4.21%4.00%4.34%4.83%
Interest Expense9.72M11.19M16.59M31.59M37.64M15.04M28.17M54.16M63.02M106.87M122.80M125.80M118.99M143.48M139.58M127.01M60.88M28.39M22.30M30.16M9.27M15.68M
Interest Expense % of Total Revenue0.23%0.23%0.27%0.47%0.47%0.17%0.27%0.48%0.55%0.97%1.36%1.30%1.34%1.95%2.46%2.18%0.80%0.30%0.18%0.26%0.08%0.14%

Balance Sheet

Currency: CNY2004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets3.65B3.82B4.99B5.49B5.74B6.04B8.34B9.17B10.73B11.67B12.36B13.27B13.21B14.10B13.14B11.63B12.34B12.34B12.99B13.82B14.69B15.10B
Total Liabilities1.41B1.63B2.59B2.71B2.93B2.97B4.80B5.39B5.84B6.44B7.03B7.87B7.71B8.66B8.48B6.85B7.37B6.36B6.49B6.60B6.91B6.66B
Total Equity2.08B2.03B2.20B2.58B2.60B2.84B3.15B3.32B4.37B4.47B4.59B4.67B4.83B4.80B4.01B4.07B4.34B5.40B5.96B6.69B7.26B7.66B
Cash397.44M542.43M765.90M1.15B1.22B1.26B1.36B1.51B1.96B1.88B2.00B1.90B3.26B3.29B1.55B1.40B1.70B3.24B4.36B2.77B2.35B1.91B
Total Debt96.66M173.25M561.56M673.90M495.72M170.49M1.23B1.36B1.43B2.52B3.56B3.84B3.37B4.54B3.72B2.58B1.27B615.43M362.29M2.39B2.95B3.06B
Net Debt-300.78M-369.18M-204.35M-473.18M-722.11M-1.09B-136.32M-155.94M-528.27M636.61M1.56B1.94B107.96M1.25B2.17B1.18B-430.35M-2.63B-4.01B-375.55M600.71M1.15B

Cash Flow

Currency: CNY2004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow-282.12M241.47M242.18M86.09M329.80M338.32M543.23M463.70M555.13M-131.90M74.87M637.80M2.09B-556.31M-384.40M330.73M1.25B582.28M3.60B1.06B1.22B1.06B
Investing Cash Flow191.72M-267.66M-93.93M-189.65M-145.87M-54.19M-863.85M-593.33M-747.47M-516.09M-651.10M-643.00M-679.99M-308.42M-546.27M1.19B479.94M272.58M-2.10B-2.05B-1.32B-1.22B
Financing Cash Flow35.05M76.17M116.61M333.35M-301.69M-245.00M343.33M264.23M607.84M655.45M707.73M-10.69M-221.52M918.99M-734.84M-1.69B-1.42B-119.91M-140.53M-343.34M-336.17M-286.87M
Capital Expenditure129.90M183.55M180.99M186.55M191.27M155.21M567.06M604.38M501.06M474.42M656.81M410.75M217.84M293.15M268.43M249.12M81.21M67.85M94.19M89.10M111.97M192.93M
Free Cash Flow-412.01M57.92M61.20M-100.45M138.53M183.11M-23.82M-140.69M54.07M-606.32M-581.95M227.04M1.88B-849.47M-652.83M81.62M1.17B514.43M3.51B967.16M1.14B862.58M
Dividends Paid8.62M3.72M6.57M2.99M77.74M71.81M280.85M122.03M104.52M295.63M172.42M176.96M159.45M198.18M192.62M139.96M71.50M111.79M132.93M273.23M360.43M412.69M
FCF to OCF146.04%23.99%25.27%-116.68%42.00%54.12%-4.39%-30.34%9.74%459.67%-777.31%35.60%89.59%152.70%169.83%24.68%93.50%88.35%97.39%91.56%94.14%81.72%
Dividend Paid to FCF-2.09%6.42%10.74%-2.98%56.12%39.22%-1178.86%-86.74%193.31%-48.76%-29.63%77.94%8.50%-23.33%-29.50%171.48%6.12%21.73%3.79%28.25%31.48%47.84%

Earnings

Report DateMay 29, 2013Aug 20, 2013Oct 29, 2013Mar 27, 2014Apr 28, 2014Aug 27, 2014Oct 29, 2014Mar 31, 2015May 1, 2015Aug 25, 2015Oct 23, 2015Mar 30, 2016Apr 28, 2016Aug 25, 2016Oct 27, 2016Mar 29, 2017Apr 26, 2017Aug 24, 2017Oct 26, 2017Mar 29, 2018Apr 25, 2018Aug 29, 2018Oct 26, 2018Apr 30, 2019Aug 30, 2019Nov 30, 2019Mar 30, 2020Apr 30, 2020Aug 27, 2020Oct 29, 2020Mar 29, 2021Apr 29, 2021Aug 27, 2021Oct 29, 2021Mar 31, 2022Apr 27, 2022Aug 25, 2022Oct 27, 2022Mar 31, 2023Apr 27, 2023Mar 26, 2026Apr 28, 2026Aug 25, 2026
EPS Estimate----------0.06-0.100.090.090.090.100.090.090.090.030.10--------------------0.120.500.22
EPS Actual0.110.080.07-0.040.100.010.020.040.090.060.06-0.080.090.070.09-0.030.06-0.030.04-0.050.05-0.20-0.260.05-0.030.05-0.010.200.130.16-0.200.360.110.14-0.210.430.090.29-0.200.43-0.160.500.20
Surprise----------0.00%20.00%0.00%-22.22%0.00%-130.00%-33.33%-133.33%-55.56%-266.67%-50.00%--------------------33.33%0.00%-9.09%
Timing-----After-hoursPre-marketPre-marketAfter-hours-After-hoursPre-marketAfter-hoursAfter-hoursAfter-hoursPre-marketAfter-hoursPre-marketAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursPre-marketPre-marketAfter-hoursPre-marketAfter-hoursPre-marketPre-market---Pre-marketPre-marketAfter-hoursAfter-hoursAfter-hoursPre-marketAfter-hoursAfter-hoursAfter-hours

Key Statistics & Ratios

Market Cap15.41B
Enterprise Value15.53B
Trailing P/E18.78
Forward P/E19.38
Price / Sales1.31
Price / Book1.90
EPS0.73
Book Value7.32
Revenue (TTM)11.78B
Gross Profit (TTM)1.81B
EBITDA1.03B
Profit Margin7.00%
Operating Margin8.82%
Return on Equity9.67%
Return on Assets2.94%
Shares Outstanding731.71M
Shares Float573.34M
Beta1.25
Dividend Yield1.95%
Dividend Rate0.27
Payout Ratio36.21%

Dividends

20231×
0.23Jun 21, 2023
20221×
0.12May 30, 2022
20211×
0.07Jul 9, 2021
20171×
0.06Jul 10, 2017
20161×
0.04Jul 11, 2016
20151×
0.05Jul 13, 2015
20141×
0.06Jul 11, 2014
20131×
0.10Jul 15, 2013