First Tractor Management

Management criteria checks 2/4

We currently do not have sufficient information about the CEO.

Key information

Tao Wei

Chief executive officer

CN¥1.8m

Total compensation

CEO salary percentage	96.9%
CEO tenure	1.1yrs
CEO ownership	n/a
Management average tenure	3.6yrs
Board average tenure	2.6yrs

Recent management updates

Recent updates

Investors Still Aren't Entirely Convinced By First Tractor Company Limited's (HKG:38) Earnings Despite 34% Price Jump

Apr 28

Is First Tractor (HKG:38) Using Too Much Debt?

Apr 17

We Think You Should Be Aware Of Some Concerning Factors In First Tractor's (HKG:38) Earnings

Apr 03

Here's Why We Think First Tractor (HKG:38) Might Deserve Your Attention Today

Mar 20

First Tractor Company Limited's (HKG:38) Shares Leap 25% Yet They're Still Not Telling The Full Story

Feb 19

Is There Now An Opportunity In First Tractor Company Limited (HKG:38)?

Jan 31

First Tractor (HKG:38) Has A Rock Solid Balance Sheet

Jan 16

We Ran A Stock Scan For Earnings Growth And First Tractor (HKG:38) Passed With Ease

Nov 28

First Tractor (HKG:38) Is Experiencing Growth In Returns On Capital

Aug 30

We Like These Underlying Return On Capital Trends At First Tractor (HKG:38)

May 04

There's Been No Shortage Of Growth Recently For First Tractor's (HKG:38) Returns On Capital

Sep 30

Is First Tractor (HKG:38) Using Too Much Debt?

Apr 28

The Return Trends At First Tractor (HKG:38) Look Promising

Jan 05

First Tractor (HKG:38) Seems To Use Debt Rather Sparingly

Dec 13

Investors Will Want First Tractor's (HKG:38) Growth In ROCE To Persist

Aug 13

With EPS Growth And More, First Tractor (HKG:38) Is Interesting

Jul 26

First Tractor (HKG:38) Could Easily Take On More Debt

May 30

Investors Will Want First Tractor's (HKG:38) Growth In ROCE To Persist

May 11

The Case For First Tractor Company Limited (HKG:38): Could It Be A Nice Addition To Your Dividend Portfolio?

Apr 26

Is First Tractor (HKG:38) Using Debt In A Risky Way?

Jan 18

Here's Why We Don't Think First Tractor's (HKG:38) Statutory Earnings Reflect Its Underlying Earnings Potential

Dec 20

Are Institutions Heavily Invested In First Tractor Company Limited's (HKG:38) Shares?

Nov 24

CEO Compensation Analysis

How has Tao Wei's remuneration changed compared to First Tractor's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	CN¥1b
Jun 30 2024	n/a	n/a	CN¥1b
Mar 31 2024	n/a	n/a	CN¥1b
Dec 31 2023	CN¥2m	CN¥2m	CN¥997m
Sep 30 2023	n/a	n/a	CN¥970m
Jun 30 2023	n/a	n/a	CN¥854m
Mar 31 2023	n/a	n/a	CN¥686m
Dec 31 2022	CN¥848k	CN¥800k	CN¥681m

Compensation vs Market: Tao's total compensation ($USD250.34K) is below average for companies of similar size in the Hong Kong market ($USD488.85K).

Compensation vs Earnings: Tao's compensation has increased by more than 20% in the past year.

CEO

Tao Wei (44 yo)

1.1yrs

Tenure

CN¥1,810,200

Compensation

Mr. Tao Wei serves as General Manager of First Tractor Company Limited from October 23, 2023 and serves as its Director from November 8, 2023 and served as Deputy General Manager of First Tractor Company L...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Tao Wei	GM & Director	1.1yrs	CN¥1.81m	no data
Zhifeng Kang	Financial Controller	1.9yrs	CN¥720.30k	no data
Wensheng Su	Deputy General Manager	6.1yrs	CN¥2.18m	no data
Wenpu Xue	Deputy General Manager	5.3yrs	CN¥2.14m	no data
Guangjun Yang	Deputy General Manager	no data	CN¥1.73m	no data
Lina Yu	Deputy GM & Company Secretary	18.3yrs	CN¥2.17m	no data
Qingliang Zhao	Deputy General Manager	less than a year	no data	no data

3.6yrs

Average Tenure

44yo

Average Age

Experienced Management: 38's management team is considered experienced (3.6 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Tao Wei	GM & Director	less than a year	CN¥1.81m	no data
Lak Pun Sit	Independent Non-Executive Director	6.1yrs	CN¥112.40k	no data
Xiaoyu Li	Chairman of the Board	less than a year	no data	no data
Kun Yang	Staff Representative Supervisor	6.1yrs	no data	no data
Yu Yang	Chairman of Board of Supervisors	3yrs	no data	no data
Xianfa Fang	Non-Independent Non-Executive Director	2.6yrs	no data	no data
Shumao Wang	Independent Non-Executive Director	2.6yrs	CN¥105.00k	no data
Liyou Xu	Independent Non-Executive Director	2.6yrs	no data	no data
Aiqin Gu	Non-Staff Representative Supervisor	2.6yrs	no data	no data
Bin Xiao	Non-Staff Representative Supervisor	2.6yrs	no data	no data
Peng Li	Staff Representative Supervisor	2.6yrs	no data	no data

2.6yrs

Average Tenure

55yo

Average Age

Experienced Board: 38's board of directors are not considered experienced ( 2.6 years average tenure), which suggests a new board.

First Tractor Management

Management criteria checks 2/4

Key information

Recent management updates

First Tractor Company Limited Approves Board Appointments

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

First Tractor Company Limited Announces Changes of directorate

High number of new and inexperienced directors

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 Announces Resignation of Su Ye as Financial Controller

Recent updates

First Tractor's (HKG:38) Profits Appear To Have Quality Issues

Third quarter 2024 earnings released: EPS: CN¥0.17 (vs CN¥0.29 in 3Q 2023)

Sentiment Still Eluding First Tractor Company Limited (HKG:38)

Now 22% undervalued

Investor sentiment improves as stock rises 16%

Returns On Capital Are Showing Encouraging Signs At First Tractor (HKG:38)

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

Second quarter 2024 earnings released: EPS: CN¥0.27 (vs CN¥0.24 in 2Q 2023)

Now 20% overvalued

First Tractor Company Limited Approves Board Appointments

Potential Upside For First Tractor Company Limited (HKG:38) Not Without Risk

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

Upcoming dividend of CN¥0.32 per share

First Tractor (HKG:38) Shareholders Will Want The ROCE Trajectory To Continue

Investors Still Aren't Entirely Convinced By First Tractor Company Limited's (HKG:38) Earnings Despite 34% Price Jump

First quarter 2024 earnings released

Dividend of CN¥0.32 announced

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

Is First Tractor (HKG:38) Using Too Much Debt?

Investor sentiment improves as stock rises 17%

We Think You Should Be Aware Of Some Concerning Factors In First Tractor's (HKG:38) Earnings

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

Full year 2023 earnings released: EPS: CN¥0.89 (vs CN¥0.61 in FY 2022)

Here's Why We Think First Tractor (HKG:38) Might Deserve Your Attention Today

Investor sentiment improves as stock rises 20%

First Tractor Company Limited's (HKG:38) Shares Leap 25% Yet They're Still Not Telling The Full Story

Investor sentiment improves as stock rises 16%

Is There Now An Opportunity In First Tractor Company Limited (HKG:38)?

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

Investor sentiment deteriorates as stock falls 15%

First Tractor (HKG:38) Has A Rock Solid Balance Sheet

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

We Ran A Stock Scan For Earnings Growth And First Tractor (HKG:38) Passed With Ease

Third quarter 2023 earnings released: EPS: CN¥0.29 (vs CN¥0.19 in 3Q 2022)

First Tractor Company Limited Announces Changes of directorate

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

First Tractor (HKG:38) Is Experiencing Growth In Returns On Capital

Second quarter 2023 earnings released: EPS: CN¥0.24 (vs CN¥0.09 in 2Q 2022)

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

Upcoming dividend of CN¥0.23 per share at 6.6% yield

We Like These Underlying Return On Capital Trends At First Tractor (HKG:38)

Full year 2022 earnings released: EPS: CN¥0.61 (vs CN¥0.39 in FY 2021)

High number of new and inexperienced directors

Third quarter 2022 earnings released

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

There's Been No Shortage Of Growth Recently For First Tractor's (HKG:38) Returns On Capital

Second quarter 2022 earnings released: EPS: CN¥0.09 (vs CN¥0.11 in 2Q 2021)

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

High number of new and inexperienced directors

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

Upcoming dividend of CN¥0.12 per share

High number of new and inexperienced directors

First quarter 2022 earnings: EPS and revenues miss analyst expectations

Is First Tractor (HKG:38) Using Too Much Debt?

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

Full year 2021 earnings: EPS and revenues miss analyst expectations

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

Investor sentiment improved over the past week

First Tractor Company Limited Announces Management Retirement

First Tractor Company Limited Provides Earnings Outlook for the Year 2021

The Return Trends At First Tractor (HKG:38) Look Promising

First Tractor (HKG:38) Seems To Use Debt Rather Sparingly