First Tractor Co (601038.SS) Stock Price
First Tractor Co Price
Over the last 19 years First Tractor Co grew revenue by 3.1% annually, reaching 10.82 B CNY. Earnings per share have grown at 13.6% per year over the last 19 years. For First Tractor Co, the net margin of 7.5% is up versus 4.7% a few years ago. At today's price the dividend yield works out to roughly 2.64%. The payout ratio is around 51% of earnings. The dividend has grown at 11.5% per year over the past 12 years. The consensus 12-month price target for First Tractor Co is 21.42 CNY, about 53.4% above where the stock trades today. Of 9 analysts, 8 rate the stock a buy — an overall Buy consensus. The stock trades about 36% above its 52-week low.
First Tractor Co stock price
Details
Stock Price
ⓘHow to Read This Chart
This chart tracks the historical stock price of First Tractor Co over time. You can switch between daily, weekly, and monthly views and select custom time ranges — from a single day to the full available history. Use the toggle to view price changes in absolute currency terms or as a percentage change relative to the starting date.
Total Return vs. Price Return
The "Total Return" toggle includes reinvested dividends on top of the pure price movement. This is critical because dividends can account for a significant portion of long-term returns. Historically, roughly 40 % of the S&P 500's total return has come from dividends. Always compare total return when evaluating a stock's real performance against a benchmark.
Intraday Price Data
When viewing a one-day time frame, the chart displays real-time intraday price movements. This is useful for observing how First Tractor Co stock reacts to market openings, earnings releases, or breaking news throughout the trading session.
What to Look For
Look for long-term trends (sustained upward or downward movements over months and years), support and resistance levels (price zones where the stock repeatedly bounces or reverses), and volatility (how much the price fluctuates day to day). Comparing First Tractor Co's price chart to a market index like the S&P 500 can reveal whether the stock is outperforming or underperforming the broader market.
| Date | First Tractor Co Price |
|---|---|
| 9/24/2026 | 13.96 CNY |
| 9/23/2026 | 14.00 CNY |
| 9/22/2026 | 13.74 CNY |
| 9/21/2026 | 14.11 CNY |
| 9/18/2026 | 14.27 CNY |
| 9/17/2026 | 14.27 CNY |
| 9/16/2026 | 14.40 CNY |
| 9/15/2026 | 14.72 CNY |
| 9/14/2026 | 14.96 CNY |
| 9/11/2026 | 14.78 CNY |
| 9/10/2026 | 14.63 CNY |
| 9/9/2026 | 14.89 CNY |
| 9/8/2026 | 14.92 CNY |
| 9/7/2026 | 14.90 CNY |
| 9/4/2026 | 14.59 CNY |
| 9/3/2026 | 14.69 CNY |
| 9/2/2026 | 14.51 CNY |
| 9/1/2026 | 15.02 CNY |
| 8/31/2026 | 14.57 CNY |
| 8/28/2026 | 14.33 CNY |
| 8/27/2026 | 14.32 CNY |
| 8/26/2026 | 14.33 CNY |
| 8/25/2026 | 13.03 CNY |
| 8/24/2026 | 12.88 CNY |
| 8/21/2026 | 12.70 CNY |
| 8/20/2026 | 12.93 CNY |
| 8/19/2026 | 12.87 CNY |
| 8/18/2026 | 13.03 CNY |
| 8/17/2026 | 12.81 CNY |
| 8/14/2026 | 12.67 CNY |
First Tractor Co Revenue, EBIT, Net Income
3 Years
5 Years
10 Years
25 Years
Max
Details
First Tractor Co Income Statement, Balance Sheet, Cash Flow Statement
| REVENUEB CNY |
|---|
| REVENUE GROWTH% |
| GROSS MARGIN% |
| GROSS INCOMEB CNY |
| EBITB CNY |
| EBIT MARGIN% |
| NET INCOMEB CNY |
| NET INCOME GROWTH% |
| DIVIDENDDIV.CNY |
| DIVIDEND GROWTHDIV. GROWTH% |
| SHARESB |
| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026e | 2027e | 2028e |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 11.06 | 9.03 | 9.66 | 8.87 | 7.36 | 5.68 | 5.83 | 7.58 | 9.33 | 12.56 | 11.53 | 11.90 | 10.82 | 13.04 | 13.94 | 15.26 |
| -3.92 | -18.37 | 6.97 | -8.14 | -17.05 | -22.78 | 2.62 | 30.05 | 23.09 | 34.61 | -8.20 | 3.22 | -9.12 | 20.54 | 6.91 | 9.43 |
| 15.72 | 16.62 | 20.54 | 19.80 | 17.22 | 7.34 | 15.66 | 16.84 | 16.50 | 16.28 | 14.91 | 14.51 | 14.33 | 14.33 | 14.33 | 14.33 |
| 1.74 | 1.50 | 1.98 | 1.76 | 1.27 | 0.42 | 0.91 | 1.28 | 1.54 | 2.05 | 1.72 | 1.73 | 1.55 | 1.87 | 2.00 | 2.19 |
| 0.23 | 0.01 | 0.17 | 0.05 | 0.01 | -1.35 | 0.21 | 0.29 | 0.43 | 0.59 | 1.00 | 1.05 | 0.59 | 0.99 | 1.22 | 1.41 |
| 2.08 | 0.06 | 1.79 | 0.53 | 0.11 | -23.78 | 3.53 | 3.85 | 4.56 | 4.68 | 8.64 | 8.79 | 5.43 | 7.58 | 8.72 | 9.26 |
| 0.23 | 0.17 | 0.14 | 0.22 | 0.06 | -1.30 | 0.06 | 0.28 | 0.44 | 0.68 | 1.00 | 0.92 | 0.81 | 0.93 | 1.18 | 1.31 |
| -29.94 | -26.43 | -19.16 | 65.19 | -74.89 | -2,421.43 | -104.69 | 359.02 | 56.43 | 55.48 | 46.40 | -7.52 | -12.04 | 14.92 | 26.93 | 10.57 |
| 0.20 | 0.12 | 0.10 | 0.08 | 0.06 | – | – | – | 0.08 | 0.12 | 0.23 | 0.32 | 0.37 | 0.44 | 0.53 | 0.64 |
| – | -40.00 | -16.67 | -20.00 | -25.00 | – | – | – | – | 50.00 | 91.67 | 39.13 | 15.62 | 18.92 | 20.45 | 20.75 |
| 1.00 | 1.00 | 1.00 | 0.99 | 0.99 | 0.99 | 0.99 | 0.99 | 1.12 | 1.12 | 1.12 | 1.12 | 1.12 | 1.12 | 1.12 | 1.12 |
Details
Income Statement Key Figures
ⓘRevenue and Revenue Growth
Revenue is the starting point of every income statement — it measures the total sales First Tractor Co generates from its core business. Revenue growth (expressed as year-over-year percentage change) is one of the most important indicators of business momentum. Sustained growth above 10 % annually is generally considered strong, while declining revenue is a serious warning sign that demands investigation.
Gross Margin
Gross margin = (Revenue − Cost of Goods Sold) ÷ Revenue. It reveals what percentage of each dollar of revenue First Tractor Co retains after direct production costs. High gross margins (above 50 %) are typical of asset-light businesses like software and brands, while capital-intensive industries like manufacturing often operate below 30 %. Compare First Tractor Co's gross margin to industry peers and track it over time to spot improving or deteriorating pricing power.
EBIT and EBIT Margin
EBIT measures operating profit — what remains after subtracting all operating expenses (including R&D, sales, and administrative costs) from gross profit. The EBIT margin shows this as a percentage of revenue. Because it excludes interest and taxes, EBIT allows fair comparisons between companies with different debt levels and tax jurisdictions. A rising EBIT margin indicates improving operational efficiency.
Net Income and Earnings Per Share (EPS)
Net income is the company's final profit after all expenses, interest, and taxes. Dividing net income by the number of shares outstanding gives you EPS — the single most influential metric in stock valuation. Consistent EPS growth is the primary driver of long-term stock price appreciation. Always check whether EPS growth comes from genuine profit improvement or from share buybacks reducing the share count.
Shares Outstanding
The total number of shares First Tractor Co has issued. A declining share count (through buybacks) boosts EPS and signals management confidence. A rising share count (through stock issuance) dilutes existing shareholders. Always monitor this number alongside EPS to get the full picture of per-share value creation.
Analyst Estimates
The projected figures represent consensus estimates from professional analysts. Compare these forecasts against First Tractor Co's historical growth rates to assess whether expectations are realistic. A company that consistently beats consensus estimates tends to see its stock price rewarded over time, while repeated misses erode investor confidence.
First Tractor Co stock margins
3 Years
5 Years
10 Years
25 Years
Max
Details
First Tractor Co Stock Revenue, EBIT, Earnings per Share
3 Years
5 Years
10 Years
25 Years
Max
Details
First Tractor Co business model & stock analysis
First Tractor Co SWOT Analysis
Strengths
First Tractor Co Ltd has a strong brand presence in the agricultural machinery industry.
The company has a diverse product portfolio, offering a wide range of tractors and other agricultural equipment.
First Tractor Co Ltd has a robust distribution network, ensuring its products are easily accessible in various markets.
The company has a well-established reputation for producing high-quality and reliable machinery.
Weaknesses
First Tractor Co Ltd is facing increased competition from both domestic and international agricultural equipment manufacturers.
The company's production processes may be affected by fluctuations in raw material prices, potentially impacting profitability.
First Tractor Co Ltd's after-sales services and customer support may require improvement, as customer satisfaction levels could be higher.
Opportunities
The growing global demand for agricultural machinery presents an opportunity for First Tractor Co Ltd to expand its market share.
The company can explore partnerships and collaborations with other industry players to enhance technological capabilities and product innovation.
First Tractor Co Ltd can leverage digital marketing and e-commerce platforms to reach a wider customer base and improve sales.
Threats
Economic downturns and fluctuations in the agricultural sector could impact the demand for First Tractor Co Ltd's products.
Increasing regulations and environmental concerns related to emissions and sustainability may require the company to adapt and invest in greener technologies.
The company faces potential threats from counterfeit products and intellectual property infringements, requiring effective measures to protect its brand and patents.
First Tractor Co Eulerpool Fair Value
Details
Fair Value Estimate
ⓘWhat Is Fair Value?
Fair value is an estimate of what a stock is truly "worth" based on its financial fundamentals, independent of the current market price. If the calculated fair value is above the current share price, the stock may be undervalued — and vice versa. This chart shows three different fair value approaches so you can cross-check them against each other.
Earnings-Based Fair Value
Calculated by multiplying the current earnings per share (EPS) by the average historical P/E ratio over a selected multi-year period. The smoothing over several years filters out temporary spikes or dips. If this fair value exceeds the market price, it suggests the stock is cheap relative to its earning power.
Example: Fair Value (Earnings) 2022 = EPS 2022 × Average P/E 2019–2021
Revenue-Based Fair Value
Derived by multiplying revenue per share by the average historical price-to-sales ratio. This method is particularly useful for companies with volatile or temporarily depressed earnings, as revenue tends to be more stable than profits. It answers: "At what price has the market historically valued each dollar of this company's sales?"
Example: Fair Value (Revenue) 2022 = Revenue per Share 2022 × Average P/S 2019–2021
Dividend-Based Fair Value
Calculated by dividing the dividend per share by the average historical dividend yield. This approach is most relevant for mature, consistently dividend-paying companies. If the resulting fair value is higher than the current price, it implies the stock offers a better yield than its historical average.
Example: Fair Value (Dividend) 2022 = Dividend per Share 2022 ÷ Average Yield 2019–2021
How to Use This Chart
When all three fair value lines converge above the current price, it strengthens the case that the stock is undervalued. When they diverge, investigate why — it may indicate a structural shift in margins, payout policy, or growth rate. The forward estimates on the right extend the analysis using projected fundamentals, helping you assess whether the current price already reflects future growth expectations.
First Tractor Co historical P/E ratio, EBIT multiple, and P/S ratio
First Tractor Co annual returns
Details
Annual Return
ⓘWhat This Chart Shows
This chart breaks down First Tractor Co's total annual return into two components: price return (gains or losses from stock price movement) and dividend return (income received from dividend payments). Together, they represent the total return an investor would have earned in each calendar year.
Price Return
Price return measures the percentage change in First Tractor Co's stock price from January 1st to December 31st of each year. Positive bars indicate the stock appreciated; negative bars show a decline. This is the component most investors focus on, but it tells only part of the story — especially for dividend-paying stocks.
Dividend Return
Dividend return represents the income generated from dividends paid during the year, expressed as a percentage of the starting stock price. While it may seem small in any single year (typically 1–4 % for established companies), dividends compound significantly over decades and have historically contributed roughly 40 % of total stock market returns.
What to Look For
Examine how many years showed positive vs. negative returns to gauge consistency. A stock with mostly positive years and small drawdowns suggests lower risk. Also compare First Tractor Co's annual returns to a benchmark index — consistently outperforming the market is a hallmark of a strong investment. Pay attention to the worst years: understanding downside risk is just as important as chasing upside potential.
First Tractor Co shares outstanding
3 Years
5 Years
10 Years
25 Years
Max
Details
First Tractor Co Dividend History
10 years of dividend payments · 6 consecutive increases
First Tractor Co dividend history and estimates
Max
Details
First Tractor Co dividend payout ratio
3 Years
5 Years
10 Years
25 Years
Max
Details
Current First Tractor Co forecasts and price targets in September 2026
Analyst Price Targets 2026First Tractor Co Earnings Estimates & Surprises
| Date | EPS estimate | EPS Actual | Revenue Estimate | Price reaction | Quarterly report |
|---|---|---|---|---|---|
| 10/22/2026 | 0.29CNY | - | 3.61 BCNY | - | 2026 Q3 |
| 8/24/2026 | 0.22CNY | 0.20CNY | 2.96 BCNY | - | 2026 Q2 |
| 4/28/2026 | 0.50CNY | 0.50CNY | 4.67 BCNY | - | 2026 Q1 |
| 4/26/2018 | 0.10CNY | 0.05CNY | -CNY | - | 2018 Q1 |
| 10/27/2017 | 0.09CNY | 0.04CNY | -CNY | - | 2017 Q3 |
| 8/24/2017 | 0.09CNY | -0.03CNY | -CNY | - | 2017 Q2 |
| 4/27/2017 | 0.09CNY | 0.07CNY | -CNY | - | 2017 Q1 |
| 10/28/2016 | 0.09CNY | 0.09CNY | -CNY | - | 2016 Q3 |
| 8/25/2016 | 0.09CNY | 0.07CNY | -CNY | - | 2016 Q2 |
| 4/29/2016 | 0.09CNY | 0.09CNY | -CNY | - | 2016 Q1 |
First Tractor Co shareholder structure
| % | Name |
|---|---|
0.19198% | |
0.02651% | |
0.00094% | |
0.00074% | |
0.00014% |
First Tractor Co Beneficial Ownership Filings (SEC 13D/G)
First Tractor Co Executives and Management Board
16 members · avg. age 53 · 25 % women
Mr. Wensheng Su (54)
Deputy General Manager
1.11 M CNY
Management
Mr. Kejun Wang (57)
Deputy General Manager
Mr. Bin Liu (49)
Chief Financial Officer
Mr. Qingliang Zhao (41)
Deputy General Manager
Board of Directors
Ms. Lina Yu (52)
Deputy General Manager, Secretary of the Board
Mr. Lipin Xue (58)
Independent Non-Executive Director
Ms. Yuru Wang (68)
Independent Non-Executive Director
Ms. Minli Yang (56)
Independent Non-Executive Director
Mr. Hepeng Li (68)
Non-Executive Director
Mr. Donggang Xie (68)
Non-Executive Director
First Tractor Co Supply Chain
First Tractor Co Supply Chain
Correlation: how closely stock prices move together
| # | Name | Trend | |||
|---|---|---|---|---|---|
| 1 | 0.77 | 0.33 | 0.49 | ||
| 2 | 0.85 | 0.73 | 0.40 |
Frequently asked questions about First Tractor Co
First Tractor Co Ltd, a renowned company in the stock market, primarily operates in China. With its headquarters in Luoyang, Henan Province, the company focuses on various provinces within China. As a leading manufacturer of agricultural machinery, the company caters to the agricultural needs of farmers across different regions within the country. First Tractor Co Ltd's strong presence in China has enabled it to establish a reputable position in the market, delivering high-quality agricultural equipment and services to meet the demands of Chinese farmers efficiently and effectively.
The business model of First Tractor Co Ltd is focused on manufacturing and selling agricultural and construction machinery. With a wide range of products including tractors, harvesters, excavators, and loaders, the company targets customers in both domestic and international markets. First Tractor Co Ltd aims to meet the growing demand for efficient and reliable machinery, offering advanced technology and quality equipment to enhance productivity in the agricultural and construction sectors. By continuously improving its products and providing excellent customer service, First Tractor Co Ltd strives to maintain a strong market position and satisfy the needs of its clients.
First Tractor Co Ltd is primarily active in the industries of agricultural machinery manufacturing and distribution.
The main competitors of First Tractor Co Ltd in the market include XXX and XXX. These companies operate in the same industry and compete with First Tractor Co Ltd in terms of manufacturing and supplying tractors and agricultural machinery. Despite facing competition, First Tractor Co Ltd remains a reputable player in the market, with its strong brand presence and commitment to providing quality products.
First Tractor Co Ltd is a renowned Chinese company specializing in the manufacturing and distribution of agricultural and construction machinery. Established in 1955, the company has a rich history and vast experience in the industry. First Tractor Co Ltd started as the first large-scale tractor manufacturer in China and has since grown into a leading player in the global market. With a commitment to innovation and quality, the company offers a wide range of products, including tractors, harvesters, loaders, and excavators. First Tractor Co Ltd has built a strong reputation for its reliable and efficient machinery, making it a preferred choice for customers worldwide.
First Tractor Co Ltd has achieved several significant milestones in its history. Established in 1955, the company has continuously expanded its product portfolio and market presence. Some notable achievements include the successful development and production of various agricultural machinery and construction equipment. First Tractor Co Ltd has also established strategic partnerships with global industry leaders, enabling it to leverage advanced technologies and enhance product quality. Additionally, the company has received recognition for its innovative solutions, contributing to its strong reputation and market competitiveness. With a focus on customer satisfaction and technological advancements, First Tractor Co Ltd has firmly positioned itself as a leading player in the agricultural and construction machinery sectors.
First Tractor Co Ltd represents a set of core values and a corporate philosophy focused on excellence and innovation. The company's main values include customer satisfaction, quality products, and continuous improvement. First Tractor Co Ltd is dedicated to delivering top-notch agricultural machinery and construction equipment that meets industry standards and exceeds customer expectations. With a customer-centric approach, they strive to provide reliable and technologically advanced solutions. Committed to sustainable development, First Tractor Co Ltd emphasizes environmental responsibility and social contribution. Through their commitment to excellence and progressive mindset, First Tractor Co Ltd has established itself as a reputable leader in the industry.
Analysts currently set an average price target of 21.42 CNY for the First Tractor Co stock (median: 21.42 CNY), implying +53.4 % versus the latest price. The consensus is based on 9 analyst ratings.
9 analysts currently rate the First Tractor Co stock: 8 recommend buying, 1 holding and 0 selling. For 2026, analysts expect First Tractor Co to generate revenue of 13.04 B CNY and earnings per share of 0.83 CNY.
Converted at the current exchange rate, the First Tractor Co share trades at 1.83 EUR (13.96 CNY).
The First Tractor Co share (601038.SS) is listed on 1 stock exchanges, including: Shanghai (601038.SS).
First Tractor Co Ltd is a Chinese company that has been on the market since 1955. The company is a significant producer of tractors, combine harvesters, and other agricultural machinery in China. Its business model is based on the production of agricultural machinery used in agriculture and horticulture. The company has various divisions, including the production of tractors, combine harvesters, rice threshing machines, and other equipment. Its product range includes a wide selection of agricultural machinery that meets the needs of farmers and gardeners. This includes tractors used for soil cultivation, sowing, crop cultivation, and goods transportation. The tractors are manufactured in different sizes and strengths to meet the buyers' needs. Another product division is combine harvesters used for harvesting grains, corn, and other crops. These machines utilize the latest technology to make the harvest more efficient and productive. First Tractor Co Ltd also produces other agricultural machinery such as rice threshing machines used for separating rice grains and straw from the rice harvest. These machines are capable of processing large quantities of rice in a short time. The company has also opened a new division for the construction of heavy-duty machinery such as bulldozers and excavators. First Tractor Co Ltd specializes in the production of agricultural machinery and relies on innovative technology and advanced developments to offer high-quality products to its customers. The company places great emphasis on customer satisfaction and provides comprehensive consultation and services to its customers. Customers can access a wide range of products and services that meet their agricultural needs. First Tractor Co Ltd is an economically successful company with a strong position in the Chinese market. The company is working intensively to strengthen its market position and expand its product range. It relies on close cooperation with its customers and partners and continuous research and development.
The expected revenue of First Tractor Co is 13.04 B CNY. This figure is based on current financial data and reflects the company's business performance.
The expected profit of First Tractor Co is 932.59 M CNY. The net profit reflects the company's profitability after deducting all expenses.
The price-to-earnings ratio (P/E) of First Tractor Co is currently 16.82. The P/E ratio compares the current share price to the earnings per share and helps investors assess the valuation of the First Tractor Co stock.
The price-to-sales ratio (P/S) of First Tractor Co is currently 1.20. The P/S ratio compares the market capitalization to the annual revenue and serves as a valuation metric for the First Tractor Co stock.
The Eulerpool Quality Score for First Tractor Co is 3/10.
The ISIN of First Tractor Co is CNE100001JN7. The ISIN (International Securities Identification Number) is a globally unique identifier for securities.
The ticker of First Tractor Co is 601038.SS. The ticker symbol is used to trade First Tractor Co shares on the stock exchange.
Over the past 12 months, First Tractor Co paid a dividend of 0.37 CNY . This corresponds to a dividend yield of about 2.64 %. For the coming 12 months, First Tractor Co is expected to pay a dividend of 0.53 CNY.
The current dividend yield of First Tractor Co is 2.64 %.
First Tractor Co pays a dividend, distributed in the months of June, September.
First Tractor Co paid dividends every year for the past 5 years.
For the upcoming 12 months, dividends amounting to 0.53 CNY are expected. This corresponds to a dividend yield of 3.80 %.
First Tractor Co is assigned to the 'Industry' sector.
To receive the latest dividend of First Tractor Co from 9/16/2025 amounting to 0.07 CNY, you needed to have the stock in your portfolio before the ex-date on 9/16/2025.
The last dividend was paid out on 9/16/2025.
In the year 2025, First Tractor Co distributed 0.37 CNY as dividends.
The dividends of First Tractor Co are distributed in CNY.
First Tractor Co stock
First Tractor Co Peer Group
First Tractor Co Ticker
First Tractor Co FIGI
All fundamentals and in-depth analysis of First Tractor Co
Our stock analysis for First Tractor Co stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of First Tractor Co. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.