View Financial HealthFirst Tractor 配当と自社株買い配当金 基準チェック /46First Tractor配当を支払う会社であり、現在の利回りは3.83%で、収益によって十分にカバーされています。主要情報3.8%配当利回りn/aバイバック利回り総株主利回りn/a将来の配当利回り6.9%配当成長17.2%次回配当支払日n/a配当落ち日04 Jun 26一株当たり配当金n/a配当性向35%最近の配当と自社株買いの更新Declared Dividend • May 21Dividend of CN¥0.20 announcedShareholders will receive a dividend of CN¥0.20. Ex-date: 4th June 2026 Payment date: 1st January 1970 Dividend yield will be 24%, which is higher than the industry average of 2.6%. Sustainability & Growth Dividend is well covered by both earnings (35% earnings payout ratio) and cash flows (35% cash payout ratio). The dividend has increased by an average of 18% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 76% over the next 3 years, which should provide support to the dividend and adequate earnings cover.お知らせ • Aug 29First Tractor Company Limited Announces Interim Ordinary Dividend for the Financial Year End 30 June 2025First Tractor Company Limited announced interim ordinary dividend of RMB 0.06844 per share for the Financial Year End 30 June 2025.お知らせ • May 30First Tractor Company Limited Approves Final Ordinary for the Financial Year End 31 December 2023, Payable on July 5, 2024First Tractor Company Limited approved Final Ordinary of HKD 0.352 per share for the financial year end 31 December 2023. Ex-dividend date 31 May 2024, Record date 07 June 2024 and Payment date 05 July 2024.Upcoming Dividend • May 24Upcoming dividend of CN¥0.32 per shareEligible shareholders must have bought the stock before 31 May 2024. Payment date: 31 July 2024. Payout ratio is a comfortable 32% and this is well supported by cash flows. Trailing yield: 4.1%. Lower than top quartile of German dividend payers (4.6%). Higher than average of industry peers (3.4%).Declared Dividend • Apr 26Dividend of CN¥0.32 announcedShareholders will receive a dividend of CN¥0.32. Ex-date: 31st May 2024 Payment date: 31st July 2024 Dividend yield will be 38%, which is higher than the industry average of 2.6%. Sustainability & Growth Dividend is well covered by both earnings (36% earnings payout ratio) and cash flows (35% cash payout ratio). The dividend has increased by an average of 12% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 59% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.お知らせ • Mar 28First Tractor Company Limited Proposes Final Dividend for the Financial Year End 31 December 2023, Payable on 31 July 2024First Tractor Company Limited proposed final dividend of RMB 0.3194 per share for the financial year end 31 December 2022. Payment date 31 July 2024.すべての更新を表示Recent updatesBoard Change • May 21High number of new directorsThere are 6 new directors who have joined the board in the last 3 years. Non-Independent Director Feng Sun was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.Declared Dividend • May 21Dividend of CN¥0.20 announcedShareholders will receive a dividend of CN¥0.20. Ex-date: 4th June 2026 Payment date: 1st January 1970 Dividend yield will be 24%, which is higher than the industry average of 2.6%. Sustainability & Growth Dividend is well covered by both earnings (35% earnings payout ratio) and cash flows (35% cash payout ratio). The dividend has increased by an average of 18% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 76% over the next 3 years, which should provide support to the dividend and adequate earnings cover.お知らせ • May 12First Tractor Company Limited, Annual General Meeting, Jun 02, 2026First Tractor Company Limited, Annual General Meeting, Jun 02, 2026, at 14:30 China Standard Time. Location: no. 154 jianshe road, luoyang, henan province, Chinaお知らせ • Mar 30First Tractor Company Limited to Report Q1, 2026 Results on Apr 29, 2026First Tractor Company Limited announced that they will report Q1, 2026 results on Apr 29, 2026お知らせ • Dec 26First Tractor Company Limited to Report Fiscal Year 2025 Results on Mar 27, 2026First Tractor Company Limited announced that they will report fiscal year 2025 results on Mar 27, 2026お知らせ • Sep 30First Tractor Company Limited to Report Q3, 2025 Results on Oct 29, 2025First Tractor Company Limited announced that they will report Q3, 2025 results on Oct 29, 2025お知らせ • Aug 29First Tractor Company Limited Announces Interim Ordinary Dividend for the Financial Year End 30 June 2025First Tractor Company Limited announced interim ordinary dividend of RMB 0.06844 per share for the Financial Year End 30 June 2025.お知らせ • Jun 30First Tractor Company Limited to Report First Half, 2025 Results on Aug 29, 2025First Tractor Company Limited announced that they will report first half, 2025 results on Aug 29, 2025お知らせ • May 09First Tractor Company Limited, Annual General Meeting, Jun 10, 2025First Tractor Company Limited, Annual General Meeting, Jun 10, 2025, at 14:30 China Standard Time. Location: The Company's Meeting Room, Luoyang, Henan Chinaお知らせ • Apr 10First Tractor Company Limited Approves Board Committee ChangesFirst Tractor Company Limited held the 34th meeting of the 9th session of the board of directors on 10 April 2025, during which the Proposal on the Adjustment of the Members of the Special Committees of the 9th Session of the Board of Directors was reviewed and approved. The board of directors agreed to appoint Ms. Wong Yee Man as a member of the Audit Committee and the Nomination Committee under the 9th session of the board of directors, and to appoint her as the chairman of the Audit Committee; and to appoint Mr. Xu Liyou as a member of the Remuneration Committee and to appoint him as the chairman. The terms of office of the aforesaid persons will expire on the date of the completion of the transition of the 9th session of the board of directors of the company. The adjustments, other members of the special committees under the 9th session of the board of directors of the company will remain unchanged.お知らせ • Mar 28First Tractor Company Limited to Report Q1, 2025 Results on Apr 29, 2025First Tractor Company Limited announced that they will report Q1, 2025 results on Apr 29, 2025お知らせ • Feb 07First Tractor Company Limited Elects Zhao Weilin as Non-Independent DirectorFirst Tractor Company Limited at the EGM held on, 7 February 2025, at the EGM, Mr. Zhao Weilin ("Mr. Zhao") was elected as a non-independent Director of the ninth session of the Board of the Company. His term of office will commence on the date of approval by the EGM and end on the date of expiry of the term of office of the ninth session of the Board. Reference is made to the announcement of the Company dated 8 January 2025 in relation to the resignation of Mr. Li Xiaoyu ("Mr. Li") from his positions as a Director and the chairman of the ninth session of the Board of the Company, the chairman of the Strategy, Investment and Sustainable Development Committee, and a member of the Nomination Committee. As disclosed in the Announcement, the resignation of Mr. Li was to take effect upon the election of a new director at a general meeting of the Company. In light of Mr. Zhao's election as a Director at the EGM, the resignation of Mr. Li became effective from the date of the EGM. The Board further announced that Mr. Zhao was elected as the chairman of the ninth session of the Board and the legal representative at the 32nd meeting of the ninth session of the Board of the Company held on the same day, and he will also serve as a member and the chairman of the Strategy, Investment and Sustainable Development Committee of the Board and a member of the Nomination Committee of the Board. These positions will take effect from the date of approval by the Board and will end upon the expiry of the term of office of the ninth session of the Board.お知らせ • Jan 08First Tractor Company Limited Announces Resignation of Li Xiaoyu as ChairmanFirst Tractor Company Limited announced resignation from Mr. Li Xiaoyu on 8 January 2025. Due to work reassignment, Mr. Li submitted his resignation from his positions as a director of the ninth session of the Board and the chairman of the Company, the chairman of the Strategy, Investment and Sustainable Development Committee, and a member of the Nomination Committee. His resignation will take effect upon the election of a new director at a general meeting of the Company. Mr. Li confirmed that he has no disagreement with the Board and there are no other matters relating to his resignation that need to be brought to the attention of the shareholders of the Company.お知らせ • Dec 30First Tractor Company Limited Appoints Wong Yee Man as Independent Non-Executive DirectorFirst Tractor Company Limited at its EGM held on December 30, 2024, Ms. Wong Yee Man (Ms. Wong) was elected as an independent non-executive Director of the ninth session of the Board of the Company. Ms. WONG Yee Man, aged 36, is a Certified Public Accountant, a Certified ESG Analyst (CESGA), and a practicing accountant with the Hong Kong Institute of Certified Public Accountants. She is currently employed at PAL Advisory Limited. Ms. Wong holds a Bachelor of Business Administration in Accounting and a Bachelor of Laws. Ms. Wong has a wealth of experience in accounting, auditing, and compliance management. She has held several senior positions, including Manager at KPMG, Senior Consultant at FTI Consulting Inc., Compliance Consultant at Reg Advisory Limited, Manager of the Compliance Monitoring and Central Compliance Department at Invesco Investment Management Co. Ltd., and Manager of the Intermediaries Supervision Department at the Securities & Futures Commission of Hong Kong.お知らせ • Dec 27First Tractor Company Limited to Report Fiscal Year 2024 Results on Mar 28, 2025First Tractor Company Limited announced that they will report fiscal year 2024 results on Mar 28, 2025お知らせ • Dec 18First Tractor Company Limited Appoints Liu Bin as Chief Financial OfficerFirst Tractor Company Limited convened the 29th meeting of its ninth session of board of directors on 16 December 2024, during which the Proposal on the Appointment of the Company's Chief Financial Officer was reviewed and approved. In accordance with the relevant provisions of the Company Law and the Articles of Association, the Board resolved to appoint Mr. Liu Bin ("Mr. Liu") as the Company's Chief Financial Officer, following his nomination by the General Manager of the Company and subsequent review and approval by both the nomination committee and the audit committee of the Board. This appointment shall take effect from the date of approval by the Board and remain in force until the expiration of the term of the ninth session of the Board. Mr. Liu Bin, aged 49, holds a Bachelor's degree in Accounting, is a Senior Accountant and a Certified Public Accountant. He is currently a member of the Standing Committee of the Party Committee of YTO Group Corporation. Mr. Liu has previously served as the Financial Director of Linhai Co. Ltd., the Financial Director of Luoyang Bearing Science & Technology Co. Ltd. and the Financial Director and Party Committee Member of Sinomach Precision Group Co. Ltd. He has extensive experience in financial management and other related fields.Reported Earnings • Oct 30Third quarter 2024 earnings released: EPS: CN¥0.17 (vs CN¥0.29 in 3Q 2023)Third quarter 2024 results: EPS: CN¥0.17 (down from CN¥0.29 in 3Q 2023). Revenue: CN¥2.93b (down 2.4% from 3Q 2023). Net income: CN¥195.6m (down 41% from 3Q 2023). Profit margin: 6.7% (down from 11% in 3Q 2023). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 33% per year whereas the company’s share price has increased by 31% per year.Buy Or Sell Opportunity • Oct 08Now 23% undervaluedOver the last 90 days, the stock has risen 45% to €1.12. The fair value is estimated to be €1.46, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has grown by 34%. Revenue is forecast to grow by 24% in 2 years. Earnings are forecast to grow by 37% in the next 2 years.Valuation Update With 7 Day Price Move • Oct 08Investor sentiment improves as stock rises 19%After last week's 19% share price gain to €1.12, the stock trades at a trailing P/E ratio of 7.6x. Average forward P/E is 11x in the Machinery industry in Germany. Total returns to shareholders of 208% over the past three years.お知らせ • Sep 30First Tractor Company Limited to Report Q3, 2024 Results on Oct 30, 2024First Tractor Company Limited announced that they will report Q3, 2024 results on Oct 30, 2024Reported Earnings • Aug 29Second quarter 2024 earnings released: EPS: CN¥0.27 (vs CN¥0.24 in 2Q 2023)Second quarter 2024 results: EPS: CN¥0.27 (up from CN¥0.24 in 2Q 2023). Revenue: CN¥3.15b (up 3.2% from 2Q 2023). Net income: CN¥306.0m (up 14% from 2Q 2023). Profit margin: 9.7% (in line with 2Q 2023). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth.Buy Or Sell Opportunity • Aug 12Now 20% overvaluedOver the last 90 days, the stock has fallen 22% to €0.82. The fair value is estimated to be €0.69, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 31%. Revenue is forecast to grow by 23% in 2 years. Earnings are forecast to grow by 26% in the next 2 years.お知らせ • Aug 03First Tractor Company Limited Approves Board AppointmentsFirst Tractor Company Limited announced that at the twenty-second meeting of the ninth session of the Board held on 2 August 2024, the "Resolution on the Election of the Chairman of the Ninth Session of the Board of the Company" and the "Resolution on the Addition of Members to the Special Committees of the Ninth Session of the Board of the Company" were considered and approved. All Directors unanimously agreed to elect Mr. Li Xiaoyu as the chairman of the ninth session of the Board of the Company and the chairman of the Strategy, Investment and Sustainable Development Committee of the Board and a member of the Nomination Committee of the Board; and agreed to add Mr. Wei Tao as a member of the Strategy, Investment and Sustainable Development Committee of the Board, Mr. Yang Jianhui as a member of the Remuneration Committee of the Board and Mr. Miao Yu as a member of the Audit Committee of the Board. The term of office of the aforesaid persons shall commence on the date of consideration and approval by the Board and end on the date of expiry of the ninth session of the Board. After the completion of this addition, the composition of the special committees of the ninth session of the Board of the Company is as follows: Strategy, Investment and Sustainable Development Committee: Li Xiaoyu (Chairman), Wei Tao, Fang Xianfa, Xu Liyou; Audit Committee: Edmund Sit (Chairman), Miao Yu, Xu Liyou; Nomination Committee: Wang Shumao (Chairman), Li Xiaoyu, Edmund Sit; Remuneration Committee: Edmund Sit (Chairman), Yang Jianhui, Wang Shumao.お知らせ • Jun 29First Tractor Company Limited to Report First Half, 2024 Results on Aug 29, 2024First Tractor Company Limited announced that they will report first half, 2024 results on Aug 29, 2024お知らせ • May 30First Tractor Company Limited Approves Final Ordinary for the Financial Year End 31 December 2023, Payable on July 5, 2024First Tractor Company Limited approved Final Ordinary of HKD 0.352 per share for the financial year end 31 December 2023. Ex-dividend date 31 May 2024, Record date 07 June 2024 and Payment date 05 July 2024.Upcoming Dividend • May 24Upcoming dividend of CN¥0.32 per shareEligible shareholders must have bought the stock before 31 May 2024. Payment date: 31 July 2024. Payout ratio is a comfortable 32% and this is well supported by cash flows. Trailing yield: 4.1%. Lower than top quartile of German dividend payers (4.6%). Higher than average of industry peers (3.4%).Declared Dividend • Apr 26Dividend of CN¥0.32 announcedShareholders will receive a dividend of CN¥0.32. Ex-date: 31st May 2024 Payment date: 31st July 2024 Dividend yield will be 38%, which is higher than the industry average of 2.6%. Sustainability & Growth Dividend is well covered by both earnings (36% earnings payout ratio) and cash flows (35% cash payout ratio). The dividend has increased by an average of 12% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 59% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.お知らせ • Apr 26First Tractor Company Limited, Annual General Meeting, May 29, 2024First Tractor Company Limited, Annual General Meeting, May 29, 2024, at 14:30 China Standard Time. Location: No. 154 Jianshe Road Luoyang Henan Province China Agenda: To consider and approve the report of the board of directors (the "Board") of the Company for the year 2023; to consider and approve the work report of the Independent Directors of the Company for the year 2023; to consider and approve the work report of the supervisory committee of the Company for the year 2023; to consider and approve the audited financial report of the Company for the year 2023; to consider and approve the annual report of the Company for the year 2023; to consider and approve the profit distribution plan of the Company for the year ended 31 December 2023; to consider and approve the re-appointment of ShineWing Certified Public Accountants LLP as the auditor of the Company's financial report and the internal control auditor for the year 2024, and to authorize the Board of the Company to decide its remuneration; and to transact other matters.Buy Or Sell Opportunity • Apr 02Now 29% overvalued after recent price riseOver the last 90 days, the stock has risen 35% to €0.76. The fair value is estimated to be €0.59, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 31%. Revenue is forecast to grow by 29% in 2 years. Earnings are forecast to grow by 58% in the next 2 years.お知らせ • Mar 29First Tractor Company Limited to Report Q1, 2024 Results on Apr 26, 2024First Tractor Company Limited announced that they will report Q1, 2024 results on Apr 26, 2024お知らせ • Mar 28First Tractor Company Limited Proposes Final Dividend for the Financial Year End 31 December 2023, Payable on 31 July 2024First Tractor Company Limited proposed final dividend of RMB 0.3194 per share for the financial year end 31 December 2022. Payment date 31 July 2024.Reported Earnings • Mar 28Full year 2023 earnings released: EPS: CN¥0.89 (vs CN¥0.61 in FY 2022)Full year 2023 results: EPS: CN¥0.89 (up from CN¥0.61 in FY 2022). Revenue: CN¥11.5b (down 8.2% from FY 2022). Net income: CN¥997.0m (up 46% from FY 2022). Profit margin: 8.6% (up from 5.4% in FY 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 3.2% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth.お知らせ • Jan 29First Tractor Company Limited Provides Earnings Guidance for the Year Ended 31 December 2023First Tractor Company Limited provided earnings guidance for the year ended 31 December 2023. For the year, the company expects to record a net profit of RMB 920 million to RMB 1,020 million attributable to owners of the parent company for the year 2023, representing an increase of RMB 239 million to RMB 339 million as compared with the corresponding period last year, or a year-on-year increase of 35.09% to 49.77%. It is expected that the net profit attributable to the owners of the parent company after deducting non-recurring profit or loss is to be RMB 836 million to RMB 936 million for the year 2023, representing an increase of RMB 65 million to RMB 165 million as compared with the corresponding period last year, or a year-on-year increase of 8.37% to 21.33%.お知らせ • Dec 29First Tractor Company Limited to Report Fiscal Year 2023 Results on Mar 28, 2024First Tractor Company Limited announced that they will report fiscal year 2023 results on Mar 28, 2024Reported Earnings • Oct 29Third quarter 2023 earnings released: EPS: CN¥0.29 (vs CN¥0.29 in 3Q 2022)Third quarter 2023 results: EPS: CN¥0.29 (up from CN¥0.29 in 3Q 2022). Revenue: CN¥3.00b (down 19% from 3Q 2022). Net income: CN¥331.0m (up 1.5% from 3Q 2022). Profit margin: 11% (up from 8.8% in 3Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 9.3% p.a. on average during the next 3 years, compared to a 3.4% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth.お知らせ • Oct 24First Tractor Company Limited Announces Changes of directorateDue to work adjustment, Mr. Liu Jiguo, the Chairman of First Tractor Company Limited has submitted a written report to the Board of the Company and applied to resign as the General Manager of the Company but he will continue to serve as the chairman of the Board, the chairman of the Strategy, Investment and Sustainable Development Committee of the Board and a member of the Nomination Committee of the Board of the Company. In order to ensure a normal and stable operation of the Company's production and operations, the Company held the fourteenth meeting of the Ninth Session of the Board of Directors on 23 October 2023, in which the "Resolution in relation to the Appointment of the Company's General Manager and the Nomination of Director Candidate" was considered and passed. Upon the nomination by the Chairman and the qualification and approval of the Nomination Committee of the Board, the Board agreed and appointed Mr. Wei Tao (whose biography is set out in the Appendix) as the Company's General Manager, with a term of office commencing from the date of the consideration and approval by the Board and expiring upon the expiry ofthe Ninth Session of the Board of Directors. In addition, the Board of the Company has also nominated Mr. Wei Tao as a director candidate of the Ninth Session of the Board of Directors. The independent directors of the Company expressed their concurring independent opinions on the matter: the consideration and voting procedures in respect of this nomination and appointment were in compliance with the relevant laws, regulations and the Company 's articles of association, and Mr. Wei Tao possesses the professionalism and capabilities required for performing the task, which fufilled the qualifications for the appointment as stipulated in the Company Law and other laws and regulations as well as the Company's articles of association.Mr. Wei Tao, aged 43, senior engineer, currently serves as the General Manager of the Company and the Deputy Secretary of the Party Committee of YTO Group Corporation. Mr. Wei joined YTO Group Corporation in 2003, successively served as deputy director of the Third Assembly Plant, the deputy head of Quality Engineering Center, the deputy head of the Technology Development Department of the Company and the head of the QualityDepartment, the head of the Human Resources Department and the General Manager Assistant and Deputy General Manager of the Company. Mr. Wei graduated from Northeast Agricultural University with a Bachelor degree in engineering. He has extensive experience in production and manufacturing, technical quality management, cadre and human resource management, etc. If Mr. Wei is appointed as a director of the Company, he will enter into a service contract with the Company for a term commencing from the date of approval by the shareholders at the extraordinary general meeting to the expiry of the term of the Ninth Session of the Board of Directors. As the general manager and an executive director of the Company, Mr. Wei will receive remuneration from the Company in accordance with the relevant performance and Remuneration Management Policy for senior management of the Company. The pension insurance, unemployment insurance, medical insurance and other social insurance and housing provident funds of Mr. Wei will be implemented in accordance with relevant national requirements.お知らせ • Sep 30First Tractor Company Limited to Report Q3, 2023 Results on Oct 28, 2023First Tractor Company Limited announced that they will report Q3, 2023 results on Oct 28, 2023Reported Earnings • Aug 29Second quarter 2023 earnings released: EPS: CN¥0.24 (vs CN¥0.09 in 2Q 2022)Second quarter 2023 results: EPS: CN¥0.24 (up from CN¥0.09 in 2Q 2022). Revenue: CN¥3.05b (up 28% from 2Q 2022). Net income: CN¥268.4m (up 166% from 2Q 2022). Profit margin: 8.8% (up from 4.2% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.お知らせ • Jun 28First Tractor Company Limited to Report First Half, 2023 Results on Aug 29, 2023First Tractor Company Limited announced that they will report first half, 2023 results on Aug 29, 2023お知らせ • Jun 07First Tractor Company Limited Approves Dividend for the Financial Year Ended 31 December 2022, Payable on 06 July 2023First Tractor Company Limited approves dividend of RMB 0.2257 per share for the financial year ended 31 December 2022, payable on 06 July 2023. Record date 15 June 2023 and Ex-dividend date 08 June 2023.Upcoming Dividend • Jun 01Upcoming dividend of CN¥0.23 per share at 6.6% yieldEligible shareholders must have bought the stock before 08 June 2023. Payment date: 31 July 2023. Payout ratio is a comfortable 37% and this is well supported by cash flows. Trailing yield: 6.6%. Within top quartile of German dividend payers (4.8%). Higher than average of industry peers (2.9%).Reported Earnings • Mar 30Full year 2022 earnings released: EPS: CN¥0.61 (vs CN¥0.39 in FY 2021)Full year 2022 results: EPS: CN¥0.61 (up from CN¥0.39 in FY 2021). Revenue: CN¥12.6b (up 35% from FY 2021). Net income: CN¥681.1m (up 55% from FY 2021). Profit margin: 5.4% (up from 4.7% in FY 2021). Revenue is forecast to grow 2.5% p.a. on average during the next 2 years, compared to a 4.3% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has increased by 46% per year, which means it is tracking significantly ahead of earnings growth.Board Change • Nov 16High number of new and inexperienced directorsThere are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. 4 experienced directors. No highly experienced directors. Supervisor Yang Kun is the most experienced director on the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.Reported Earnings • Oct 30Third quarter 2022 earnings releasedThird quarter 2022 results: Revenue: CN¥3.69b (up 42% from 3Q 2021). Net income: CN¥326.0m (up 107% from 3Q 2021). Profit margin: 8.8% (up from 6.1% in 3Q 2021). The increase in margin was driven by higher revenue.Reported Earnings • Aug 26Second quarter 2022 earnings released: EPS: CN¥0.09 (vs CN¥0.11 in 2Q 2021)Second quarter 2022 results: EPS: CN¥0.09 (down from CN¥0.11 in 2Q 2021). Revenue: CN¥2.38b (flat on 2Q 2021). Net income: CN¥100.8m (down 18% from 2Q 2021). Profit margin: 4.2% (down from 5.2% in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 86% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth.Board Change • Jun 01High number of new and inexperienced directorsThere are 8 new directors who have joined the board in the last 3 years. The company's board is composed of: 8 new directors. 4 experienced directors. No highly experienced directors. Supervisor Yang Kun is the most experienced director on the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.Upcoming Dividend • May 10Upcoming dividend of CN¥0.12 per shareEligible shareholders must have bought the stock before 17 May 2022. Payment date: 31 July 2022. Payout ratio is a comfortable 25% and this is well supported by cash flows. Trailing yield: 3.8%. Lower than top quartile of German dividend payers (4.3%). Higher than average of industry peers (2.6%).Board Change • May 02High number of new and inexperienced directorsThere are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. 6 experienced directors. No highly experienced directors. Supervisor Yang Kun is the most experienced director on the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.Reported Earnings • Apr 28First quarter 2022 earnings released: EPS: CN¥0.43 (vs CN¥0.36 in 1Q 2021)First quarter 2022 results: EPS: CN¥0.43 (up from CN¥0.36 in 1Q 2021). Revenue: CN¥4.25b (up 31% from 1Q 2021). Net income: CN¥480.6m (up 24% from 1Q 2021). Profit margin: 11% (in line with 1Q 2021). Over the last 3 years on average, earnings per share has increased by 104% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth.Reported Earnings • Mar 31Full year 2021 earnings released: EPS: CN¥0.39 (vs CN¥0.28 in FY 2020)Full year 2021 results: EPS: CN¥0.39 (up from CN¥0.28 in FY 2020). Revenue: CN¥9.33b (up 23% from FY 2020). Net income: CN¥438.2m (up 56% from FY 2020). Profit margin: 4.7% (up from 3.7% in FY 2020). Over the last 3 years on average, earnings per share has increased by 110% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth.Reported Earnings • Oct 28Third quarter 2021 earnings released: EPS CN¥0.14 (vs CN¥0.16 in 3Q 2020)The company reported a solid third quarter result with improved earnings and revenues, although profit margins were weaker. Third quarter 2021 results: Revenue: CN¥2.60b (up 11% from 3Q 2020). Net income: CN¥157.8m (up 2.2% from 3Q 2020). Profit margin: 6.1% (down from 6.6% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 104% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth.Reported Earnings • Aug 26Second quarter 2021 earnings released: EPS CN¥0.11 (vs CN¥0.13 in 2Q 2020)The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: CN¥2.38b (up 18% from 2Q 2020). Net income: CN¥123.1m (down 1.4% from 2Q 2020). Profit margin: 5.2% (down from 6.2% in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 90% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth.Executive Departure • Jun 16Vice Chairman Jibo Cai has left the companyOn the 9th of June, Jibo Cai's tenure as Vice Chairman ended after 2.1 years in the role. We don't have any record of a personal shareholding under Jibo's name. A total of 3 executives have left over the last 12 months. The current median tenure of the management team is 2.25 years.Upcoming Dividend • Jun 08Upcoming dividend of HK$0.089 per shareEligible shareholders must have bought the stock before 15 June 2021. Payment date: 09 July 2021. Trailing yield: 2.0%. Lower than top quartile of German dividend payers (3.2%). Higher than average of industry peers (1.0%).Reported Earnings • May 01First quarter 2021 earnings releasedThe company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CN¥3.25b (up 55% from 1Q 2020). Net income: CN¥388.3m (up 96% from 1Q 2020). Profit margin: 12% (up from 9.5% in 1Q 2020). Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth.Reported Earnings • Mar 30Full year 2020 earnings released: EPS CN¥0.28 (vs CN¥0.062 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥7.58b (up 30% from FY 2019). Net income: CN¥280.2m (up 356% from FY 2019). Profit margin: 3.7% (up from 1.1% in FY 2019). Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.Is New 90 Day High Low • Mar 05New 90-day high: €0.53The company is up 78% from its price of €0.30 on 04 December 2020. The German market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 7.0% over the same period.Is New 90 Day High Low • Jan 21New 90-day high: €0.41The company is up 21% from its price of €0.34 on 23 October 2020. The German market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 15% over the same period.Is New 90 Day High Low • Dec 28New 90-day high: €0.35The company is up 26% from its price of €0.28 on 29 September 2020. The German market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 12% over the same period.配当金の支払いについて今日May 23 2026配当落ち日Jun 04 20260次の11 days 、次の配当を受け取るために購入する。0決済の安定と成長配当データの取得安定した配当: FTPの配当金支払いは、過去10年間 変動性 が高かった。増加する配当: FTPの配当金は過去10年間にわたって増加しています。配当利回り対市場First Tractor 配当利回り対市場FTP 配当利回りは市場と比べてどうか？セグメント配当利回り会社 (FTP)3.8%市場下位25% (DE)1.5%市場トップ25% (DE)4.5%業界平均 (Machinery)3.0%アナリスト予想 (FTP) (最長3年)6.9%注目すべき配当: FTPの配当金 ( 3.83% ) はGerman市場の配当金支払者の下位 25% ( 1.54% ) よりも高くなっています。高配当: FTPの配当金 ( 3.83% ) はGerman市場の配当金支払者の上位 25% ( 4.55% ) と比較すると低いです。株主への利益配当収益カバレッジ: FTPの 配当性向 ( 35.4% ) はかなり低いため、配当金の支払いは利益によって十分にカバーされます。株主配当金キャッシュフローカバレッジ: FTPの 現金配当性向 ( 34.6% ) は比較的低く、配当金の支払いはキャッシュフローによって十分にカバーされています。高配当企業の発掘7D1Y7D1Y7D1YDE 市場の強力な配当支払い企業。View Management企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/22 17:15終値2026/05/22 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋First Tractor Company Limited 2 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。10 アナリスト機関Wei LuoChina International Capital Corporation LimitedHaibo LiuCitic Securities Co., Ltd.Wai Kei HoDaiwa Securities Co. Ltd.7 その他のアナリストを表示
Declared Dividend • May 21Dividend of CN¥0.20 announcedShareholders will receive a dividend of CN¥0.20. Ex-date: 4th June 2026 Payment date: 1st January 1970 Dividend yield will be 24%, which is higher than the industry average of 2.6%. Sustainability & Growth Dividend is well covered by both earnings (35% earnings payout ratio) and cash flows (35% cash payout ratio). The dividend has increased by an average of 18% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 76% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • Aug 29First Tractor Company Limited Announces Interim Ordinary Dividend for the Financial Year End 30 June 2025First Tractor Company Limited announced interim ordinary dividend of RMB 0.06844 per share for the Financial Year End 30 June 2025.
お知らせ • May 30First Tractor Company Limited Approves Final Ordinary for the Financial Year End 31 December 2023, Payable on July 5, 2024First Tractor Company Limited approved Final Ordinary of HKD 0.352 per share for the financial year end 31 December 2023. Ex-dividend date 31 May 2024, Record date 07 June 2024 and Payment date 05 July 2024.
Upcoming Dividend • May 24Upcoming dividend of CN¥0.32 per shareEligible shareholders must have bought the stock before 31 May 2024. Payment date: 31 July 2024. Payout ratio is a comfortable 32% and this is well supported by cash flows. Trailing yield: 4.1%. Lower than top quartile of German dividend payers (4.6%). Higher than average of industry peers (3.4%).
Declared Dividend • Apr 26Dividend of CN¥0.32 announcedShareholders will receive a dividend of CN¥0.32. Ex-date: 31st May 2024 Payment date: 31st July 2024 Dividend yield will be 38%, which is higher than the industry average of 2.6%. Sustainability & Growth Dividend is well covered by both earnings (36% earnings payout ratio) and cash flows (35% cash payout ratio). The dividend has increased by an average of 12% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 59% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
お知らせ • Mar 28First Tractor Company Limited Proposes Final Dividend for the Financial Year End 31 December 2023, Payable on 31 July 2024First Tractor Company Limited proposed final dividend of RMB 0.3194 per share for the financial year end 31 December 2022. Payment date 31 July 2024.
Board Change • May 21High number of new directorsThere are 6 new directors who have joined the board in the last 3 years. Non-Independent Director Feng Sun was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
Declared Dividend • May 21Dividend of CN¥0.20 announcedShareholders will receive a dividend of CN¥0.20. Ex-date: 4th June 2026 Payment date: 1st January 1970 Dividend yield will be 24%, which is higher than the industry average of 2.6%. Sustainability & Growth Dividend is well covered by both earnings (35% earnings payout ratio) and cash flows (35% cash payout ratio). The dividend has increased by an average of 18% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 76% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • May 12First Tractor Company Limited, Annual General Meeting, Jun 02, 2026First Tractor Company Limited, Annual General Meeting, Jun 02, 2026, at 14:30 China Standard Time. Location: no. 154 jianshe road, luoyang, henan province, China
お知らせ • Mar 30First Tractor Company Limited to Report Q1, 2026 Results on Apr 29, 2026First Tractor Company Limited announced that they will report Q1, 2026 results on Apr 29, 2026
お知らせ • Dec 26First Tractor Company Limited to Report Fiscal Year 2025 Results on Mar 27, 2026First Tractor Company Limited announced that they will report fiscal year 2025 results on Mar 27, 2026
お知らせ • Sep 30First Tractor Company Limited to Report Q3, 2025 Results on Oct 29, 2025First Tractor Company Limited announced that they will report Q3, 2025 results on Oct 29, 2025
お知らせ • Aug 29First Tractor Company Limited Announces Interim Ordinary Dividend for the Financial Year End 30 June 2025First Tractor Company Limited announced interim ordinary dividend of RMB 0.06844 per share for the Financial Year End 30 June 2025.
お知らせ • Jun 30First Tractor Company Limited to Report First Half, 2025 Results on Aug 29, 2025First Tractor Company Limited announced that they will report first half, 2025 results on Aug 29, 2025
お知らせ • May 09First Tractor Company Limited, Annual General Meeting, Jun 10, 2025First Tractor Company Limited, Annual General Meeting, Jun 10, 2025, at 14:30 China Standard Time. Location: The Company's Meeting Room, Luoyang, Henan China
お知らせ • Apr 10First Tractor Company Limited Approves Board Committee ChangesFirst Tractor Company Limited held the 34th meeting of the 9th session of the board of directors on 10 April 2025, during which the Proposal on the Adjustment of the Members of the Special Committees of the 9th Session of the Board of Directors was reviewed and approved. The board of directors agreed to appoint Ms. Wong Yee Man as a member of the Audit Committee and the Nomination Committee under the 9th session of the board of directors, and to appoint her as the chairman of the Audit Committee; and to appoint Mr. Xu Liyou as a member of the Remuneration Committee and to appoint him as the chairman. The terms of office of the aforesaid persons will expire on the date of the completion of the transition of the 9th session of the board of directors of the company. The adjustments, other members of the special committees under the 9th session of the board of directors of the company will remain unchanged.
お知らせ • Mar 28First Tractor Company Limited to Report Q1, 2025 Results on Apr 29, 2025First Tractor Company Limited announced that they will report Q1, 2025 results on Apr 29, 2025
お知らせ • Feb 07First Tractor Company Limited Elects Zhao Weilin as Non-Independent DirectorFirst Tractor Company Limited at the EGM held on, 7 February 2025, at the EGM, Mr. Zhao Weilin ("Mr. Zhao") was elected as a non-independent Director of the ninth session of the Board of the Company. His term of office will commence on the date of approval by the EGM and end on the date of expiry of the term of office of the ninth session of the Board. Reference is made to the announcement of the Company dated 8 January 2025 in relation to the resignation of Mr. Li Xiaoyu ("Mr. Li") from his positions as a Director and the chairman of the ninth session of the Board of the Company, the chairman of the Strategy, Investment and Sustainable Development Committee, and a member of the Nomination Committee. As disclosed in the Announcement, the resignation of Mr. Li was to take effect upon the election of a new director at a general meeting of the Company. In light of Mr. Zhao's election as a Director at the EGM, the resignation of Mr. Li became effective from the date of the EGM. The Board further announced that Mr. Zhao was elected as the chairman of the ninth session of the Board and the legal representative at the 32nd meeting of the ninth session of the Board of the Company held on the same day, and he will also serve as a member and the chairman of the Strategy, Investment and Sustainable Development Committee of the Board and a member of the Nomination Committee of the Board. These positions will take effect from the date of approval by the Board and will end upon the expiry of the term of office of the ninth session of the Board.
お知らせ • Jan 08First Tractor Company Limited Announces Resignation of Li Xiaoyu as ChairmanFirst Tractor Company Limited announced resignation from Mr. Li Xiaoyu on 8 January 2025. Due to work reassignment, Mr. Li submitted his resignation from his positions as a director of the ninth session of the Board and the chairman of the Company, the chairman of the Strategy, Investment and Sustainable Development Committee, and a member of the Nomination Committee. His resignation will take effect upon the election of a new director at a general meeting of the Company. Mr. Li confirmed that he has no disagreement with the Board and there are no other matters relating to his resignation that need to be brought to the attention of the shareholders of the Company.
お知らせ • Dec 30First Tractor Company Limited Appoints Wong Yee Man as Independent Non-Executive DirectorFirst Tractor Company Limited at its EGM held on December 30, 2024, Ms. Wong Yee Man (Ms. Wong) was elected as an independent non-executive Director of the ninth session of the Board of the Company. Ms. WONG Yee Man, aged 36, is a Certified Public Accountant, a Certified ESG Analyst (CESGA), and a practicing accountant with the Hong Kong Institute of Certified Public Accountants. She is currently employed at PAL Advisory Limited. Ms. Wong holds a Bachelor of Business Administration in Accounting and a Bachelor of Laws. Ms. Wong has a wealth of experience in accounting, auditing, and compliance management. She has held several senior positions, including Manager at KPMG, Senior Consultant at FTI Consulting Inc., Compliance Consultant at Reg Advisory Limited, Manager of the Compliance Monitoring and Central Compliance Department at Invesco Investment Management Co. Ltd., and Manager of the Intermediaries Supervision Department at the Securities & Futures Commission of Hong Kong.
お知らせ • Dec 27First Tractor Company Limited to Report Fiscal Year 2024 Results on Mar 28, 2025First Tractor Company Limited announced that they will report fiscal year 2024 results on Mar 28, 2025
お知らせ • Dec 18First Tractor Company Limited Appoints Liu Bin as Chief Financial OfficerFirst Tractor Company Limited convened the 29th meeting of its ninth session of board of directors on 16 December 2024, during which the Proposal on the Appointment of the Company's Chief Financial Officer was reviewed and approved. In accordance with the relevant provisions of the Company Law and the Articles of Association, the Board resolved to appoint Mr. Liu Bin ("Mr. Liu") as the Company's Chief Financial Officer, following his nomination by the General Manager of the Company and subsequent review and approval by both the nomination committee and the audit committee of the Board. This appointment shall take effect from the date of approval by the Board and remain in force until the expiration of the term of the ninth session of the Board. Mr. Liu Bin, aged 49, holds a Bachelor's degree in Accounting, is a Senior Accountant and a Certified Public Accountant. He is currently a member of the Standing Committee of the Party Committee of YTO Group Corporation. Mr. Liu has previously served as the Financial Director of Linhai Co. Ltd., the Financial Director of Luoyang Bearing Science & Technology Co. Ltd. and the Financial Director and Party Committee Member of Sinomach Precision Group Co. Ltd. He has extensive experience in financial management and other related fields.
Reported Earnings • Oct 30Third quarter 2024 earnings released: EPS: CN¥0.17 (vs CN¥0.29 in 3Q 2023)Third quarter 2024 results: EPS: CN¥0.17 (down from CN¥0.29 in 3Q 2023). Revenue: CN¥2.93b (down 2.4% from 3Q 2023). Net income: CN¥195.6m (down 41% from 3Q 2023). Profit margin: 6.7% (down from 11% in 3Q 2023). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 33% per year whereas the company’s share price has increased by 31% per year.
Buy Or Sell Opportunity • Oct 08Now 23% undervaluedOver the last 90 days, the stock has risen 45% to €1.12. The fair value is estimated to be €1.46, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has grown by 34%. Revenue is forecast to grow by 24% in 2 years. Earnings are forecast to grow by 37% in the next 2 years.
Valuation Update With 7 Day Price Move • Oct 08Investor sentiment improves as stock rises 19%After last week's 19% share price gain to €1.12, the stock trades at a trailing P/E ratio of 7.6x. Average forward P/E is 11x in the Machinery industry in Germany. Total returns to shareholders of 208% over the past three years.
お知らせ • Sep 30First Tractor Company Limited to Report Q3, 2024 Results on Oct 30, 2024First Tractor Company Limited announced that they will report Q3, 2024 results on Oct 30, 2024
Reported Earnings • Aug 29Second quarter 2024 earnings released: EPS: CN¥0.27 (vs CN¥0.24 in 2Q 2023)Second quarter 2024 results: EPS: CN¥0.27 (up from CN¥0.24 in 2Q 2023). Revenue: CN¥3.15b (up 3.2% from 2Q 2023). Net income: CN¥306.0m (up 14% from 2Q 2023). Profit margin: 9.7% (in line with 2Q 2023). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth.
Buy Or Sell Opportunity • Aug 12Now 20% overvaluedOver the last 90 days, the stock has fallen 22% to €0.82. The fair value is estimated to be €0.69, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 31%. Revenue is forecast to grow by 23% in 2 years. Earnings are forecast to grow by 26% in the next 2 years.
お知らせ • Aug 03First Tractor Company Limited Approves Board AppointmentsFirst Tractor Company Limited announced that at the twenty-second meeting of the ninth session of the Board held on 2 August 2024, the "Resolution on the Election of the Chairman of the Ninth Session of the Board of the Company" and the "Resolution on the Addition of Members to the Special Committees of the Ninth Session of the Board of the Company" were considered and approved. All Directors unanimously agreed to elect Mr. Li Xiaoyu as the chairman of the ninth session of the Board of the Company and the chairman of the Strategy, Investment and Sustainable Development Committee of the Board and a member of the Nomination Committee of the Board; and agreed to add Mr. Wei Tao as a member of the Strategy, Investment and Sustainable Development Committee of the Board, Mr. Yang Jianhui as a member of the Remuneration Committee of the Board and Mr. Miao Yu as a member of the Audit Committee of the Board. The term of office of the aforesaid persons shall commence on the date of consideration and approval by the Board and end on the date of expiry of the ninth session of the Board. After the completion of this addition, the composition of the special committees of the ninth session of the Board of the Company is as follows: Strategy, Investment and Sustainable Development Committee: Li Xiaoyu (Chairman), Wei Tao, Fang Xianfa, Xu Liyou; Audit Committee: Edmund Sit (Chairman), Miao Yu, Xu Liyou; Nomination Committee: Wang Shumao (Chairman), Li Xiaoyu, Edmund Sit; Remuneration Committee: Edmund Sit (Chairman), Yang Jianhui, Wang Shumao.
お知らせ • Jun 29First Tractor Company Limited to Report First Half, 2024 Results on Aug 29, 2024First Tractor Company Limited announced that they will report first half, 2024 results on Aug 29, 2024
お知らせ • May 30First Tractor Company Limited Approves Final Ordinary for the Financial Year End 31 December 2023, Payable on July 5, 2024First Tractor Company Limited approved Final Ordinary of HKD 0.352 per share for the financial year end 31 December 2023. Ex-dividend date 31 May 2024, Record date 07 June 2024 and Payment date 05 July 2024.
Upcoming Dividend • May 24Upcoming dividend of CN¥0.32 per shareEligible shareholders must have bought the stock before 31 May 2024. Payment date: 31 July 2024. Payout ratio is a comfortable 32% and this is well supported by cash flows. Trailing yield: 4.1%. Lower than top quartile of German dividend payers (4.6%). Higher than average of industry peers (3.4%).
Declared Dividend • Apr 26Dividend of CN¥0.32 announcedShareholders will receive a dividend of CN¥0.32. Ex-date: 31st May 2024 Payment date: 31st July 2024 Dividend yield will be 38%, which is higher than the industry average of 2.6%. Sustainability & Growth Dividend is well covered by both earnings (36% earnings payout ratio) and cash flows (35% cash payout ratio). The dividend has increased by an average of 12% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 59% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
お知らせ • Apr 26First Tractor Company Limited, Annual General Meeting, May 29, 2024First Tractor Company Limited, Annual General Meeting, May 29, 2024, at 14:30 China Standard Time. Location: No. 154 Jianshe Road Luoyang Henan Province China Agenda: To consider and approve the report of the board of directors (the "Board") of the Company for the year 2023; to consider and approve the work report of the Independent Directors of the Company for the year 2023; to consider and approve the work report of the supervisory committee of the Company for the year 2023; to consider and approve the audited financial report of the Company for the year 2023; to consider and approve the annual report of the Company for the year 2023; to consider and approve the profit distribution plan of the Company for the year ended 31 December 2023; to consider and approve the re-appointment of ShineWing Certified Public Accountants LLP as the auditor of the Company's financial report and the internal control auditor for the year 2024, and to authorize the Board of the Company to decide its remuneration; and to transact other matters.
Buy Or Sell Opportunity • Apr 02Now 29% overvalued after recent price riseOver the last 90 days, the stock has risen 35% to €0.76. The fair value is estimated to be €0.59, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 31%. Revenue is forecast to grow by 29% in 2 years. Earnings are forecast to grow by 58% in the next 2 years.
お知らせ • Mar 29First Tractor Company Limited to Report Q1, 2024 Results on Apr 26, 2024First Tractor Company Limited announced that they will report Q1, 2024 results on Apr 26, 2024
お知らせ • Mar 28First Tractor Company Limited Proposes Final Dividend for the Financial Year End 31 December 2023, Payable on 31 July 2024First Tractor Company Limited proposed final dividend of RMB 0.3194 per share for the financial year end 31 December 2022. Payment date 31 July 2024.
Reported Earnings • Mar 28Full year 2023 earnings released: EPS: CN¥0.89 (vs CN¥0.61 in FY 2022)Full year 2023 results: EPS: CN¥0.89 (up from CN¥0.61 in FY 2022). Revenue: CN¥11.5b (down 8.2% from FY 2022). Net income: CN¥997.0m (up 46% from FY 2022). Profit margin: 8.6% (up from 5.4% in FY 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 3.2% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth.
お知らせ • Jan 29First Tractor Company Limited Provides Earnings Guidance for the Year Ended 31 December 2023First Tractor Company Limited provided earnings guidance for the year ended 31 December 2023. For the year, the company expects to record a net profit of RMB 920 million to RMB 1,020 million attributable to owners of the parent company for the year 2023, representing an increase of RMB 239 million to RMB 339 million as compared with the corresponding period last year, or a year-on-year increase of 35.09% to 49.77%. It is expected that the net profit attributable to the owners of the parent company after deducting non-recurring profit or loss is to be RMB 836 million to RMB 936 million for the year 2023, representing an increase of RMB 65 million to RMB 165 million as compared with the corresponding period last year, or a year-on-year increase of 8.37% to 21.33%.
お知らせ • Dec 29First Tractor Company Limited to Report Fiscal Year 2023 Results on Mar 28, 2024First Tractor Company Limited announced that they will report fiscal year 2023 results on Mar 28, 2024
Reported Earnings • Oct 29Third quarter 2023 earnings released: EPS: CN¥0.29 (vs CN¥0.29 in 3Q 2022)Third quarter 2023 results: EPS: CN¥0.29 (up from CN¥0.29 in 3Q 2022). Revenue: CN¥3.00b (down 19% from 3Q 2022). Net income: CN¥331.0m (up 1.5% from 3Q 2022). Profit margin: 11% (up from 8.8% in 3Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 9.3% p.a. on average during the next 3 years, compared to a 3.4% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth.
お知らせ • Oct 24First Tractor Company Limited Announces Changes of directorateDue to work adjustment, Mr. Liu Jiguo, the Chairman of First Tractor Company Limited has submitted a written report to the Board of the Company and applied to resign as the General Manager of the Company but he will continue to serve as the chairman of the Board, the chairman of the Strategy, Investment and Sustainable Development Committee of the Board and a member of the Nomination Committee of the Board of the Company. In order to ensure a normal and stable operation of the Company's production and operations, the Company held the fourteenth meeting of the Ninth Session of the Board of Directors on 23 October 2023, in which the "Resolution in relation to the Appointment of the Company's General Manager and the Nomination of Director Candidate" was considered and passed. Upon the nomination by the Chairman and the qualification and approval of the Nomination Committee of the Board, the Board agreed and appointed Mr. Wei Tao (whose biography is set out in the Appendix) as the Company's General Manager, with a term of office commencing from the date of the consideration and approval by the Board and expiring upon the expiry ofthe Ninth Session of the Board of Directors. In addition, the Board of the Company has also nominated Mr. Wei Tao as a director candidate of the Ninth Session of the Board of Directors. The independent directors of the Company expressed their concurring independent opinions on the matter: the consideration and voting procedures in respect of this nomination and appointment were in compliance with the relevant laws, regulations and the Company 's articles of association, and Mr. Wei Tao possesses the professionalism and capabilities required for performing the task, which fufilled the qualifications for the appointment as stipulated in the Company Law and other laws and regulations as well as the Company's articles of association.Mr. Wei Tao, aged 43, senior engineer, currently serves as the General Manager of the Company and the Deputy Secretary of the Party Committee of YTO Group Corporation. Mr. Wei joined YTO Group Corporation in 2003, successively served as deputy director of the Third Assembly Plant, the deputy head of Quality Engineering Center, the deputy head of the Technology Development Department of the Company and the head of the QualityDepartment, the head of the Human Resources Department and the General Manager Assistant and Deputy General Manager of the Company. Mr. Wei graduated from Northeast Agricultural University with a Bachelor degree in engineering. He has extensive experience in production and manufacturing, technical quality management, cadre and human resource management, etc. If Mr. Wei is appointed as a director of the Company, he will enter into a service contract with the Company for a term commencing from the date of approval by the shareholders at the extraordinary general meeting to the expiry of the term of the Ninth Session of the Board of Directors. As the general manager and an executive director of the Company, Mr. Wei will receive remuneration from the Company in accordance with the relevant performance and Remuneration Management Policy for senior management of the Company. The pension insurance, unemployment insurance, medical insurance and other social insurance and housing provident funds of Mr. Wei will be implemented in accordance with relevant national requirements.
お知らせ • Sep 30First Tractor Company Limited to Report Q3, 2023 Results on Oct 28, 2023First Tractor Company Limited announced that they will report Q3, 2023 results on Oct 28, 2023
Reported Earnings • Aug 29Second quarter 2023 earnings released: EPS: CN¥0.24 (vs CN¥0.09 in 2Q 2022)Second quarter 2023 results: EPS: CN¥0.24 (up from CN¥0.09 in 2Q 2022). Revenue: CN¥3.05b (up 28% from 2Q 2022). Net income: CN¥268.4m (up 166% from 2Q 2022). Profit margin: 8.8% (up from 4.2% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.
お知らせ • Jun 28First Tractor Company Limited to Report First Half, 2023 Results on Aug 29, 2023First Tractor Company Limited announced that they will report first half, 2023 results on Aug 29, 2023
お知らせ • Jun 07First Tractor Company Limited Approves Dividend for the Financial Year Ended 31 December 2022, Payable on 06 July 2023First Tractor Company Limited approves dividend of RMB 0.2257 per share for the financial year ended 31 December 2022, payable on 06 July 2023. Record date 15 June 2023 and Ex-dividend date 08 June 2023.
Upcoming Dividend • Jun 01Upcoming dividend of CN¥0.23 per share at 6.6% yieldEligible shareholders must have bought the stock before 08 June 2023. Payment date: 31 July 2023. Payout ratio is a comfortable 37% and this is well supported by cash flows. Trailing yield: 6.6%. Within top quartile of German dividend payers (4.8%). Higher than average of industry peers (2.9%).
Reported Earnings • Mar 30Full year 2022 earnings released: EPS: CN¥0.61 (vs CN¥0.39 in FY 2021)Full year 2022 results: EPS: CN¥0.61 (up from CN¥0.39 in FY 2021). Revenue: CN¥12.6b (up 35% from FY 2021). Net income: CN¥681.1m (up 55% from FY 2021). Profit margin: 5.4% (up from 4.7% in FY 2021). Revenue is forecast to grow 2.5% p.a. on average during the next 2 years, compared to a 4.3% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has increased by 46% per year, which means it is tracking significantly ahead of earnings growth.
Board Change • Nov 16High number of new and inexperienced directorsThere are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. 4 experienced directors. No highly experienced directors. Supervisor Yang Kun is the most experienced director on the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.
Reported Earnings • Oct 30Third quarter 2022 earnings releasedThird quarter 2022 results: Revenue: CN¥3.69b (up 42% from 3Q 2021). Net income: CN¥326.0m (up 107% from 3Q 2021). Profit margin: 8.8% (up from 6.1% in 3Q 2021). The increase in margin was driven by higher revenue.
Reported Earnings • Aug 26Second quarter 2022 earnings released: EPS: CN¥0.09 (vs CN¥0.11 in 2Q 2021)Second quarter 2022 results: EPS: CN¥0.09 (down from CN¥0.11 in 2Q 2021). Revenue: CN¥2.38b (flat on 2Q 2021). Net income: CN¥100.8m (down 18% from 2Q 2021). Profit margin: 4.2% (down from 5.2% in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 86% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth.
Board Change • Jun 01High number of new and inexperienced directorsThere are 8 new directors who have joined the board in the last 3 years. The company's board is composed of: 8 new directors. 4 experienced directors. No highly experienced directors. Supervisor Yang Kun is the most experienced director on the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.
Upcoming Dividend • May 10Upcoming dividend of CN¥0.12 per shareEligible shareholders must have bought the stock before 17 May 2022. Payment date: 31 July 2022. Payout ratio is a comfortable 25% and this is well supported by cash flows. Trailing yield: 3.8%. Lower than top quartile of German dividend payers (4.3%). Higher than average of industry peers (2.6%).
Board Change • May 02High number of new and inexperienced directorsThere are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. 6 experienced directors. No highly experienced directors. Supervisor Yang Kun is the most experienced director on the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.
Reported Earnings • Apr 28First quarter 2022 earnings released: EPS: CN¥0.43 (vs CN¥0.36 in 1Q 2021)First quarter 2022 results: EPS: CN¥0.43 (up from CN¥0.36 in 1Q 2021). Revenue: CN¥4.25b (up 31% from 1Q 2021). Net income: CN¥480.6m (up 24% from 1Q 2021). Profit margin: 11% (in line with 1Q 2021). Over the last 3 years on average, earnings per share has increased by 104% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Mar 31Full year 2021 earnings released: EPS: CN¥0.39 (vs CN¥0.28 in FY 2020)Full year 2021 results: EPS: CN¥0.39 (up from CN¥0.28 in FY 2020). Revenue: CN¥9.33b (up 23% from FY 2020). Net income: CN¥438.2m (up 56% from FY 2020). Profit margin: 4.7% (up from 3.7% in FY 2020). Over the last 3 years on average, earnings per share has increased by 110% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Oct 28Third quarter 2021 earnings released: EPS CN¥0.14 (vs CN¥0.16 in 3Q 2020)The company reported a solid third quarter result with improved earnings and revenues, although profit margins were weaker. Third quarter 2021 results: Revenue: CN¥2.60b (up 11% from 3Q 2020). Net income: CN¥157.8m (up 2.2% from 3Q 2020). Profit margin: 6.1% (down from 6.6% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 104% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Aug 26Second quarter 2021 earnings released: EPS CN¥0.11 (vs CN¥0.13 in 2Q 2020)The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: CN¥2.38b (up 18% from 2Q 2020). Net income: CN¥123.1m (down 1.4% from 2Q 2020). Profit margin: 5.2% (down from 6.2% in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 90% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth.
Executive Departure • Jun 16Vice Chairman Jibo Cai has left the companyOn the 9th of June, Jibo Cai's tenure as Vice Chairman ended after 2.1 years in the role. We don't have any record of a personal shareholding under Jibo's name. A total of 3 executives have left over the last 12 months. The current median tenure of the management team is 2.25 years.
Upcoming Dividend • Jun 08Upcoming dividend of HK$0.089 per shareEligible shareholders must have bought the stock before 15 June 2021. Payment date: 09 July 2021. Trailing yield: 2.0%. Lower than top quartile of German dividend payers (3.2%). Higher than average of industry peers (1.0%).
Reported Earnings • May 01First quarter 2021 earnings releasedThe company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CN¥3.25b (up 55% from 1Q 2020). Net income: CN¥388.3m (up 96% from 1Q 2020). Profit margin: 12% (up from 9.5% in 1Q 2020). Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Mar 30Full year 2020 earnings released: EPS CN¥0.28 (vs CN¥0.062 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥7.58b (up 30% from FY 2019). Net income: CN¥280.2m (up 356% from FY 2019). Profit margin: 3.7% (up from 1.1% in FY 2019). Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.
Is New 90 Day High Low • Mar 05New 90-day high: €0.53The company is up 78% from its price of €0.30 on 04 December 2020. The German market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 7.0% over the same period.
Is New 90 Day High Low • Jan 21New 90-day high: €0.41The company is up 21% from its price of €0.34 on 23 October 2020. The German market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 15% over the same period.
Is New 90 Day High Low • Dec 28New 90-day high: €0.35The company is up 26% from its price of €0.28 on 29 September 2020. The German market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 12% over the same period.