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Updated 1m ago
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First Tractor Company LimitedXSSC:601038 Stock Report

Market Cap CN¥14.0b
Updated 1m ago
Share Price
n/a
1Y12.2%
7D0.6%
1D-0.7%
Portfolio Value
​
View

First Tractor Company Limited

XSSC:601038 Stock Report

Market Cap: CN¥14.0b

  • Company Overview
  • Valuation
  • Future Growth
  • Past Performance
  • Financial Health
  • Dividend
  • Management
  • Ownership
  • Other Information
  • Stock Community

First Tractor (601038) Stock Overview

Engages in the production, manufacture, and sale of agricultural machinery and power machinery. More details

601038 fundamental analysis
Snowflake Score
Valuation5/6
Future Growth2/6
Past Performance3/6
Financial Health4/6
Dividends5/6

Rewards

Trading at 79.9% below our estimate of its fair value

Earnings are forecast to grow 22.88% per year

Earnings grew by 5% over the past year

Trading at good value compared to peers and industry

Risk Analysis

Unstable dividend track record


601038 Community Fair Values

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CN¥
Current Price
CN¥14.7847.2% overvalued intrinsic discount
%/yr
Decrease
Increase
PastFuture-1b21b2016201920222025202620282031Revenue CN¥21.3bEarnings CN¥1.5b
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First Tractor Company Limited Competitors

Xinjiang Machinery Research Institute

Symbol: SZSE:300159
Market cap: CN¥9.9b

Yachoo Technology

Symbol: SZSE:001325
Market cap: CN¥3.0b

Weima Agricultural MachineryLtd

Symbol: SZSE:301533
Market cap: CN¥2.8b

Wuxi Huaguang Environment & Energy GroupLtd

Symbol: SHSE:600475
Market cap: CN¥14.8b

Price History & Performance

Summary of share price highs, lows and changes for First Tractor
Historical stock prices
Current Share PriceHK$14.78
52 Week HighHK$15.84
52 Week LowHK$10.20
Beta1.25
1 Month Change12.57%
3 Month Change25.25%
1 Year Change12.22%
3 Year Change24.31%
5 Year Change10.63%
Change since IPO63.50%

Recent News & Updates

Recent updates

Shareholder Returns

601038CN MachineryCN Market
7D0.6%1.1%0.6%
1Y12.2%5.1%3.8%

Return vs Industry: 601038 exceeded the CN Machinery industry which returned 5.1% over the past year.

Return vs Market: 601038 exceeded the CN Market which returned 3.8% over the past year.

Price Volatility

Is 601038's price volatile compared to industry and market?
601038 volatility
601038 Average Weekly Movement6.5%
Machinery Industry Average Movement7.4%
Market Average Movement7.1%
10% most volatile stocks in CN Market12.1%
10% least volatile stocks in CN Market4.2%

Stable Share Price: 601038 has not had significant price volatility in the past 3 months compared to the CN market.

Volatility Over Time: 601038's weekly volatility (7%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19557,011Tao Weiwww.first-tractor.com.cn

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 Fundamentals Summary

How do First Tractor's earnings and revenue compare to its market cap?
601038 fundamental statistics
Market capCN¥13.98b
Earnings (TTM)CN¥825.21m
Revenue (TTM)CN¥11.78b
11.0x
P/E Ratio
0.8x
P/S Ratio

Is 601038 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
601038 income statement (TTM)
RevenueCN¥11.78b
Cost of RevenueCN¥9.98b
Gross ProfitCN¥1.80b
Other ExpensesCN¥976.33m
EarningsCN¥825.21m

Last Reported Earnings

Jun 30, 2026

Next Earnings Date

n/a

Earnings per share (EPS)0.73
Gross Margin15.29%
Net Profit Margin7.00%
Debt/Equity Ratio6.7%

How did 601038 perform over the long term?

See historical performance and comparison

Dividends

3.3%
Current Dividend Yield
36%
Payout Ratio

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/09/10 18:09
End of Day Share Price 2026/09/10 00:00
Earnings2026/06/30
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
  • SEC Form 10-K
  • SEC Form 10-Q
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
  • Analyst Research Reports
  • Blue Matrix
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
  • ICE Market Data
  • SEC Form S-1
Ownership10 years
  • Top shareholders
  • Insider trading
  • SEC Form 4
  • SEC Form 13D
Management10 years
  • Leadership team
  • Board of directors
  • SEC Form 10-K
  • SEC Form DEF 14A
Key Developments10 years
  • Company announcements
  • SEC Form 8-K

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

First Tractor Company Limited is covered by 11 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Wei LuoChina International Capital Corporation Limited
Haibo LiuCitic Securities Co., Ltd.
Wai Kei HoDaiwa Securities Co. Ltd.

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