Agricultural and Farm Machinery

First Tractor

First Tractor released FY2026 Q1 earnings on April 28 After-Market (BJT), actual revenue CNY 4.669 B (forecast CNY 4.669 B), actual EPS CNY 0.5006 (forecast CNY 0.5)

First Tractor to Release FY2026 Q1 Earnings on April 29 After-Market (BJT), Forecast Revenue CNY 5.012 B, EPS CNY 0.52

First Tractor released FY2025 Q4 earnings on March 26 After-Market (BJT), actual revenue CNY 1.12 B (forecast CNY 1.201 B), actual EPS CNY -0.1621 (forecast CNY -0.12)

First Tractor released FY2025 annual earnings on March 26 After-Market (BJT), actual revenue CNY 10.82 B (forecast CNY 10.9 B), actual EPS CNY 0.7226 (forecast CNY 0.77)

First Tractor to release FY2025 earnings on March 26 After-Market (BJT), forecast revenue CNY 10.9 B, EPS CNY 0.77

First Tractor Co. signs coating line renovation equipment contract with China United Engineering

First Tractor Co. Completes Sales and Procurement Contract

Yidragong Diesel Engine Signs a 23 Million Yuan Procurement Contract with Beiqiyuan Institute

First Tractor Co., Ltd. wins multiple awards for investor relations and ESG practices

First Tractor plans to invest about 300 million yuan in 2 projects

First Tractor Co. Held the Third Extraordinary General Meeting in 2025

Goldman Sachs Gives First Tractor a Buy Rating

First 拖 Share 2025 Q3 Report Shows Revenue and Net Profit Decline

First Tractor released FY2025 Q3 earnings on October 28 Pre-Market (BJT), actual revenue CNY 2.775 B, actual EPS CNY 0.2003

First Tractor released FY2025 9 Months earnings on October 28 Pre-Market (BJT), actual revenue CNY 9.703 B, actual EPS CNY 0.8847

First Tractor to Release FY2025 Q3 Earnings on October 28, Pre-Market BJT

First Tractor released FY2025 Q2 earnings on August 28 After-Market (BJT), actual revenue CNY 2.371 B, actual EPS CNY 0.2131

First Tractor released FY2025 Semi-Annual earnings on August 28 After-Market (BJT), actual revenue CNY 6.928 B, actual EPS CNY 0.6844

First Tractor FY2025 Semi-Annual Earning Release on August 28, 2025 (BJT)

First Tractor Plans H-Share Repurchase

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First Tractor Company announced its performance for the year 2025, achieving operating revenue of 10.823 billion RMB (same below), a year-on-year decrease of 9.1%. The net profit attributable to shareholders was 812 million RMB, a decline of 11.9%, with earnings per share of 0.7226 RMB. A dividend of 1.9746 RMB per 10 shares will be distributed

AASTOCKS

"Performance" First Tractor's annual net profit is 812 million RMB, down 11.9%, with a dividend of 1.9746 RMB per 10 shares

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First Tractor (38.HK) performed brilliantly in today's early trading, with the stock price rising strongly, quickly boosting sentiment in the agricultural sector. From a technical chart perspective, the MACD has shown a golden cross signal, with volume increasing simultaneously, and the 5-day and 10-day short-term moving averages providing clear support. Bullish funds in the market have begun to concentrate their attacks, making several attempts to break through short-term platform pressure and gradually stabilizing above. The combination of internal and external favorable factors in the industry, along with the government's increased investment in agricultural equipment, benefits the company's main products from the elimination of outdated equipment and the improvement of downstream prosperity. The market has optimistic expectations for its performance, with significant net inflows of main funds in early trading, and an increase in turnover rate during the session, indicating intensified capital competition and the continuous entry of proactive funds. It is important to note that after the breakout and rise, there is considerable selling pressure at high levels, with main funds and short-term speculative funds possibly taking profits during the peak phase, while some medium-term funds are gradually accumulating during adjustments, leading to a temporary standoff between bulls and bears. The stability of the market in the future will depend on the coordination of volume and the sustainability of the overall sector trend. The operational suggestion is to buy on dips and not to chase high prices. Attention should be paid to the flow of funds in the agricultural sector and the subsequent advancement of industrial policies. If there are fluctuations due to news that lead to high-level adjustments, it is necessary to avoid short-term loss risks in a timely manner. Overall, the bullish pattern for First Tractor has initially formed, and the sentiment for sector rotation is gradually warming up, with the key still lying in the changes in intraday volume and the concentration of main funds

Technical Forecast

E Fund CSI Modern Agriculture Theme ETF

FIRST TRACTOR

Fullgoal CSI Agriculture Theme ETF

Morning Trend | FIRST TRACTOR shows strong gains, is the sentiment in the agriculture sector heating up?

First Tractor Co. held its 2025 third extraordinary general meeting on December 16, 2025, where all proposed resolutions were passed. The meeting included the re-election and appointment of directors, and decisions on directors’ remunerations. Shareholders representing 54.78% of the company’s voting shares participated. The latest analyst rating on the stock is a Buy with a HK$10.00 price target.

Tip Ranks

First Tractor Co. Announces Successful EGM with Key Resolutions Passed

First Tractor Co. has announced the composition of its board of directors, detailing roles for executive, non-executive, independent non-executive, and employee representative directors. Members are assigned to Strategy, Investment and Sustainable Development, Nomination, Remuneration, and Audit committees. This structured governance approach aims to enhance strategic decision-making and operational oversight. The latest analyst rating for the stock (HK:0038) is a Buy with a HK$10.00 price target.

First Tractor Co. Announces Board Composition and Committee Roles

Goldman Sachs has given First Tractor a "Buy" rating for the first time, with a target price of HKD 14. Goldman Sachs believes that the company is well-positioned in the transformation of agricultural modernization in China, expecting market share to concentrate towards industry leaders, with EBIT profit margins doubling over the next five years and the proportion of export revenue to double by 2030. Goldman Sachs anticipates that the tractor downturn cycle will end in 2026, becoming a major catalyst in the near term

Goldman Sachs first gives First Tractor a "Buy" rating, expecting to benefit from agricultural modernization transformation

First Tractor Co has announced its 2025 third extraordinary general meeting on December 16, 2025, in Luoyang, China. The meeting will discuss resolutions on director remuneration and the election of directors for the Tenth Session of the Board. This is crucial for stakeholders as it may affect the company's leadership and strategic direction. The latest analyst rating for First Tractor Co stock is a Buy with a HK$9.00 price target.

First Tractor Co Announces 2025 Extraordinary General Meeting