First Tractor Future Growth

Future criteria checks 1/6

First Tractor is forecast to grow earnings and revenue by 19.1% and 9.8% per annum respectively.

Key information

19.1%

Earnings growth rate

n/a

EPS growth rate

Machinery earnings growth	30.2%
Revenue growth rate	9.8%
Future return on equity	n/a
Analyst coverage	Low
Last updated	25 Dec 2024

Recent future growth updates

Recent updates

Earnings and Revenue Growth Forecasts

XSSC:601038 - Analysts future estimates and past financials data (CNY Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	14,914	1,513	N/A	1,963	2
12/31/2025	13,445	1,293	N/A	1,680	2
12/31/2024	12,246	1,027	N/A	1,235	2
9/30/2024	12,018	1,013	1,186	1,300	N/A
6/30/2024	12,092	1,148	892	1,017	N/A
3/31/2024	11,995	1,111	1,040	1,149	N/A
12/31/2023	11,534	997	967	1,056	N/A
9/30/2023	12,495	970	1,289	1,372	N/A
6/30/2023	13,182	854	1,197	1,281	N/A
3/31/2023	12,510	686	3,634	3,711	N/A
12/31/2022	12,564	681	3,508	3,602	N/A
9/30/2022	11,424	565	2,750	2,850	N/A
6/30/2022	10,332	508	3,100	3,184	N/A
3/31/2022	10,334	531	379	434	N/A
12/31/2021	9,334	438	514	582	N/A
9/30/2021	9,350	472	1,880	1,941	N/A
6/30/2021	9,098	468	1,402	1,470	N/A
3/30/2021	8,734	470	1,398	1,519	N/A
12/31/2020	7,582	280	1,168	1,249	N/A
9/30/2020	7,097	469	765	979	N/A
6/30/2020	6,521	365	115	345	N/A
3/31/2020	5,786	215	-162	57	N/A
12/31/2019	5,830	61	82	331	N/A
9/30/2019	5,932	-833	-52	126	N/A
6/30/2019	5,526	-1,136	334	537	N/A
3/31/2019	5,464	-1,303	222	440	N/A
12/31/2018	5,682	-1,300	-653	-384	N/A
9/30/2018	6,171	-414	-507	-302	N/A
6/30/2018	6,675	-121	N/A	-89	N/A
3/31/2018	7,027	40	N/A	-868	N/A
12/31/2017	7,358	57	N/A	-556	N/A
9/30/2017	7,520	51	N/A	187	N/A
6/30/2017	7,975	104	N/A	657	N/A
3/31/2017	8,484	201	N/A	1,525	N/A
12/31/2016	8,869	230	N/A	2,093	N/A
9/30/2016	8,774	174	N/A	1,451	N/A
6/30/2016	9,106	145	N/A	869	N/A
3/31/2016	9,663	137	N/A	1,291	N/A
12/31/2015	9,655	135	N/A	638	N/A
9/30/2015	9,505	249	N/A	971	N/A
6/30/2015	9,262	204	N/A	697	N/A
3/31/2015	8,990	159	N/A	52	N/A
12/31/2014	9,027	168	N/A	75	N/A
9/30/2014	9,687	106	N/A	-283	N/A
6/30/2014	9,897	153	N/A	284	N/A
3/31/2014	11,053	218	N/A	-219	N/A
12/31/2013	11,058	227	N/A	-142	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: 601038's forecast earnings growth (19.1% per year) is above the savings rate (2.8%).

Earnings vs Market: 601038's earnings (19.1% per year) are forecast to grow slower than the CN market (25.4% per year).

High Growth Earnings: 601038's earnings are forecast to grow, but not significantly.

Revenue vs Market: 601038's revenue (9.8% per year) is forecast to grow slower than the CN market (13.7% per year).

High Growth Revenue: 601038's revenue (9.8% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: Insufficient data to determine if 601038's Return on Equity is forecast to be high in 3 years time

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Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/26 01:37
End of Day Share Price	2024/12/26 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

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.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 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 Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 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 here.

Analysis Model and Snowflake

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Learn about the world class team 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 .

Analyst Sources

First Tractor Company Limited is covered by 12 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Tingting Li	BNP Paribas Securities (Asia)
Qianyu Ning	Bohai Securities Co., Ltd.
Wei Luo	China International Capital Corporation Limited

First Tractor Future Growth

Future criteria checks 1/6

Key information

Recent future growth updates

First Tractor Company Limited Provides Earnings Guidance for the Year Ended 31 December 2023

First Tractor Company Limited Provides Earnings Outlook for the Year 2021

Recent updates

First Tractor Company Limited Appoints Liu Bin as Chief Financial Officer

First Tractor Company Limited to Report Q3, 2024 Results on Oct 30, 2024

First Tractor Company Limited Approves Board Appointments

First Tractor Company Limited to Report First Half, 2024 Results on Aug 29, 2024

First Tractor Company Limited Approves Final Ordinary for the Financial Year End 31 December 2023, Payable on July 5, 2024

First Tractor Company Limited, Annual General Meeting, May 29, 2024

First Tractor Company Limited to Report Q1, 2024 Results on Apr 26, 2024

First Tractor Company Limited Proposes Final Dividend for the Financial Year End 31 December 2023, Payable on 31 July 2024

First Tractor Company Limited Provides Earnings Guidance for the Year Ended 31 December 2023

First Tractor Company Limited to Report Fiscal Year 2023 Results on Mar 28, 2024

First Tractor Company Limited Announces Changes of directorate

First Tractor Company Limited to Report Q3, 2023 Results on Oct 28, 2023

First Tractor Company Limited to Report First Half, 2023 Results on Aug 29, 2023

First Tractor Company Limited Approves Dividend for the Financial Year Ended 31 December 2022, Payable on 06 July 2023

First Tractor Company Limited Announces Resignation of Mr. Ma Zhihui as A Non-Executive Director and A Member of the Remuneration Committee of the Board of Directors

First Tractor Company Limited to Report Q3, 2022 Results on Oct 27, 2022

First Tractor Company Limited to Report First Half, 2022 Results on Aug 25, 2022

First Tractor Company Limited Announces Resignation of Su Ye as Financial Controller

First Tractor Company Limited Declares Final Dividend for the Year Ended 31 December 2021, Payable on June 29, 2022

First Tractor Company Limited to Report Q1, 2022 Results on Apr 27, 2022

First Tractor Company Limited Announces Board Changes

First Tractor Company Limited, Annual General Meeting, May 13, 2022

First Tractor Company Limited Announces Final Dividend for the Year Ended 31 December 2021, Payable on July 31, 2022

First Tractor Company Limited Announces Management Retirement

First Tractor Company Limited Provides Earnings Outlook for the Year 2021

First Tractor Company Limited Proposes Dividend for the Year Ended December 31, 2020

First Tractor Company Limited to Report Fiscal Year 2020 Results on Mar 30, 2021

First Tractor Company Limited Announces Resignation of Zhang Hongsheng as Chairman of the Board of Supervisors and Supervisor

First Tractor Company Limited Announces Executive Changes

First Tractor Company Limited to Report Q3, 2020 Results on Oct 29, 2020

First Tractor Company Limited to Report First Half, 2020 Results on Aug 28, 2020