---
title: "First Tractor (601038.SH) — Financial Reports"
type: "Symbol"
locale: "en"
url: "https://longbridge.com/en/quote/601038.SH/norm.md"
symbol: "601038.SH"
name: "First Tractor"
parent: "https://longbridge.com/en/quote/601038.SH.md"
datetime: "2026-05-20T06:24:43.706Z"
locales:
  - [en](https://longbridge.com/en/quote/601038.SH/norm.md)
  - [zh-CN](https://longbridge.com/zh-CN/quote/601038.SH/norm.md)
  - [zh-HK](https://longbridge.com/zh-HK/quote/601038.SH/norm.md)
---

# First Tractor (601038.SH) — Financial Reports

## Income Statement (CNY)

| Indicator | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
| --- | --- | --- | --- | --- | --- |
| EPS | 0.5006 | -0.1622 | 0.2004 | 0.2132 | 0.4712 |
| ROE | 28.33% | -9.40% | 11.60% | 12.38% | 28.16% |
| Revenue | 4.67B | 1.12B | 2.77B | 2.37B | 4.56B |
| Net income | 562.51M | -182.23M | 225.15M | 239.54M | 529.50M |
| Operating income | 599.74M | -366.21M | 256.24M | 137.26M | 578.34M |
| Gross margin | 16.54% | 2.50% | 16.98% | 15.95% | 15.91% |
| Net margin | 12.05% | -16.27% | 8.11% | 10.10% | 11.62% |
| Profit quality | 260.54% | - | 36.93% | 44.29% | 664.38% |

## Balance Sheet (CNY)

| Indicator | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
| --- | --- | --- | --- | --- | --- |
| A&L | 17.05B | 15.10B | 16.25B | 15.31B | 16.00B |
| Leverage | 1.94 | 1.83 | 1.93 | 1.85 | 1.92 |
| BVPS | 7.32 | 6.82 | 6.98 | 6.85 | 6.93 |
| Turnover | 0.6618 | 0.7266 | 0.6784 | 0.7327 | 0.7530 |
| Cash & STI | 2.77B | 6.05B | 6.79B | 6.74B | 3.63B |
| Inv & Rec | 1.26B | 1.15B | 1.10B | 1.03B | 1.22B |
| LT assets | 2.51B | 2.48B | 2.39B | 2.42B | 2.45B |
| Net debt | -2.28B | -5.58B | -6.43B | -6.42B | -3.33B |

## Cash Flow Statement (CNY)

| Indicator | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
| --- | --- | --- | --- | --- | --- |
| Operating CF | 230.19M | -175.13M | 693.89M | 309.91M | 87.05M |
| Investing CF | -194.78M | 408.91M | -716.80M | -1.10B | 325.99M |
| Financing CF | 28.92M | 74.49M | -125.03M | -228.40M | -7.93M |
| Free CF | -2.22B | 867.16M | -444.18M | 1.64B | -1.41B |
| OCF coverage | 626.92% | -47.57% | 375.84% | 123.51% | 255.60% |
| Repaid & issued | 36.63M | 311.19M | 48.36M | - | - |
| CapEx | -34.90M | -115.18M | -27.42M | -18.23M | -32.10M |

## Distribution Plan

**Dividend Yield**: 2.86

### Dividend History

| Description | Record Date | Ex-Date | Payment Date |
|-------------|-------------|---------|--------------|
| Cash Dividend: 
0.06844CNY | 2025-09-15 | 2025-09-16 | 2025-09-16 |
| Cash Dividend: 
0.2995CNY | 2025-06-24 | 2025-06-25 | 2025-06-25 |
| Cash Dividend: 
0.3194CNY | 2024-06-13 | 2024-06-14 | 2024-06-14 |