First Tractor Co

First Tractor Co Net Income

The Net Income of First Tractor Co (601038.SS) as of Nov 11, 2026 is 811.95 M CNY. In the previous year, Net Income was 922.02 M CNY — a change of -11.94% (lower).

Net Income

811.95 MCNY

YoY

-11.94%

Last updated:

In 2025, First Tractor Co's profit amounted to 811.95 M CNY, a -11.94% increase from the 922.02 M CNY profit recorded in the previous year.

The First Tractor Co Net Income history

  • 3 Years

  • 10 Years

  • 25 Years

  • Max

Net Income
Date
Net Income
Jan 1, 2021
438.21 M CNY
Jan 1, 2022
681.05 M CNY
Jan 1, 2023
997.02 M CNY
Jan 1, 2024
922.02 M CNY
Jan 1, 2025
811.95 M CNY
Jan 1, 2026 (e)
831.46 M CNY
Jan 1, 2027 (e)
1.17 B CNY
Jan 1, 2028 (e)
1.30 B CNY
The First Tractor Co Net Income history
YEARNet IncomeYoY
est1.30 BCNY+11.68%
est1.17 BCNY+40.54%
est831.46 MCNY+2.40%
811.95 MCNY-11.94%
922.02 MCNY-7.52%
997.02 MCNY+46.39%
681.05 MCNY+55.42%
438.21 MCNY+56.42%
280.15 MCNY+355.71%
61.48 MCNY-104.73%
-1.30 BCNY-2,400.50%
56.51 MCNY-74.70%
223.37 MCNY+65.06%
135.32 MCNY-19.31%
167.70 MCNY-26.15%
227.08 MCNY-30.12%
324.96 MCNY-26.15%
440.05 MCNY-18.91%
542.67 MCNY+114.98%
252.42 MCNY+221.29%
78.57 MCNY-60.28%
197.78 MCNY+173.87%
72.22 MCNY—

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First Tractor Co Revenue

First Tractor Co Revenue, EBIT, Net Income

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Revenue
EBIT
Net Income
Details
Date
Revenue
EBIT
Net Income
Jan 1, 2021
9.33 B CNY
426.90 M CNY
438.21 M CNY
Jan 1, 2022
12.56 B CNY
588.02 M CNY
681.05 M CNY
Jan 1, 2023
11.53 B CNY
996.27 M CNY
997.02 M CNY
Jan 1, 2024
11.90 B CNY
1.05 B CNY
922.02 M CNY
Jan 1, 2025
10.82 B CNY
587.10 M CNY
811.95 M CNY
Jan 1, 2026 (e)
13.13 B CNY
978.45 M CNY
831.46 M CNY
Jan 1, 2027 (e)
13.98 B CNY
1.21 B CNY
1.17 B CNY
Jan 1, 2028 (e)
15.47 B CNY
1.41 B CNY
1.30 B CNY

First Tractor Co Margins

First Tractor Co stock margins

The First Tractor Co margin analysis displays the gross margin, EBIT margin, as well as the profit margin of First Tractor Co. The EBIT margin (EBIT/sales) indicates the percentage of sales that remains as operating profit. The profit margin shows the percentage of sales that remains for First Tractor Co.
  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Gross margin
EBIT margin
Profit margin
Details
Date
Gross margin
EBIT margin
Profit margin
Jan 1, 2021
16.51 %
4.57 %
4.69 %
Jan 1, 2022
16.28 %
4.68 %
5.42 %
Jan 1, 2023
14.91 %
8.64 %
8.64 %
Jan 1, 2024
14.51 %
8.79 %
7.75 %
Jan 1, 2025
14.33 %
5.43 %
7.51 %
Jan 1, 2026 (e)
14.33 %
7.45 %
6.33 %
Jan 1, 2027 (e)
14.33 %
8.65 %
8.36 %
Jan 1, 2028 (e)
14.33 %
9.11 %
8.43 %

First Tractor Co Stock analysis

What does First Tractor Co do? The First Tractor Co Ltd is a Chinese company specializing in the manufacturing and sales of agricultural machinery and equipment. The company was founded in 1955 and is headquartered in Luoyang, Henan Province. History The First Tractor Co Ltd was formed through the merger of several small agricultural machinery manufacturers in Henan Province. Over the years, the company expanded its business and has become one of the leading manufacturers of agricultural machinery in China. Business Model The business model of First Tractor Co Ltd is based on the development and manufacturing of agricultural machinery and equipment that are marketed in China and international markets. The company offers a wide range of products, ranging from tractors and combine harvesters to excavators and road rollers. Divisions First Tractor Co Ltd has several divisions, which are divided into agricultural machinery, construction machinery, and machine tools. Agricultural Machinery The agricultural machinery division of First Tractor Co Ltd offers a wide range of products, including tractors, combine harvesters, rice and corn planters, plows, and other agricultural equipment. These machines are capable of performing various tasks in the field and reducing labor. Construction Machinery The construction machinery division of First Tractor Co Ltd includes excavators, road and track rollers, crane trucks, and other construction machinery. These machines are capable of performing various construction tasks such as digging, excavation, and crane work. Machine Tools The machine tools division of First Tractor Co Ltd produces various types of machine tools, such as milling machines, lathes, and drilling machines. These machines are used in the manufacturing industry to process workpieces with precision. Products First Tractor Co Ltd offers a wide range of products tailored to the different needs of customers. The company's products include: Tractors The company offers a wide range of tractors suitable for various agricultural operations. These tractors are capable of performing tasks such as plowing, harrowing, and threshing. Combine Harvesters The combine harvesters of First Tractor Co Ltd are offered in various configurations and can be used for harvesting rice, corn, and wheat. These combine harvesters are able to efficiently and quickly complete the harvest. Rice and Corn Planters The company also offers rice and corn planters that are capable of sowing rice seeds and corn seeds into the ground. These planters can be used in agriculture to reduce labor and increase productivity. Excavators First Tractor Co Ltd produces excavators in various sizes and configurations. These machines are capable of performing various construction tasks such as digging, excavation, and demolition. Road and Track Rollers The company also offers road and track rollers that are capable of smoothing and compacting the surface of roads and rails. These machines are widely used in the construction industry and are used for various tasks. Conclusion First Tractor Co Ltd is a leading manufacturer of agricultural machinery and equipment in China. The company has proven in the past that it is capable of producing high-quality machines and being successful in international markets. With a wide range of products and divisions, the company is able to meet the needs of customers in various industries. First Tractor Co is one of the most popular companies on Eulerpool.

Net Income Details

Understanding First Tractor Co's Profit Margins

The profit margins of First Tractor Co represent the net income earned after deducting all operational expenses, costs, and taxes from the revenue. This figure is a clear indicator of First Tractor Co's financial health, operational efficiency, and profitability. Higher profit margins signify better cost management and income generation capabilities.

Year-to-Year Comparison

Evaluating First Tractor Co's profit on a yearly basis can offer significant insights into its financial growth, stability, and trends. A consistent increase in profit suggests improved operational efficiency, cost management, or increased revenue, while a decrease may indicate rising costs, declining sales, or operational challenges.

Impact on Investments

First Tractor Co's profit figures are critical for investors who are aiming to understand the company's financial standing and future growth prospects. Increased profits often lead to higher stock valuations, boosting investor confidence and attracting more investments.

Interpreting Profit Fluctuations

When First Tractor Co’s profit increases, it often indicates enhanced operational efficiency or increased sales. In contrast, a decline in profit can signal operational inefficiencies, increased costs, or competitive pressures, necessitating strategic interventions to boost profitability.

Frequently Asked Questions about First Tractor Co stock

Net Income of First Tractor Co is 811.95 M CNY in 2025.

Net Income of First Tractor Co changed from 922.02 M CNY to 811.95 M CNY, representing a -11.94% change. The value is lower than the previous year.

On Eulerpool you can find the complete historical development of Net Income First Tractor Co since 2006 – with annual values, charts, and detailed analysis.

The achievement of a profit is the biggest goal of a company. The profit can be used for distribution or reinvestment. The profit (also called annual surplus or EAT, earnings after taxes) is the positive difference between income and expenses in a period as shown in the income statement. A negative annual surplus is called annual loss. Both performance measures are also combined under the neutral term annual result.

The Net Income is derived from all revenues / sales minus the expenses in the period under review. The following overview clearly shows which positions contribute to the annual surplus and where the differences lie compared to other variants of profit such as EBT, EBIT, and EBITDA.

Net Income's CNY is a key factor for investors. Changes in this metric can signal improving or deteriorating fundamentals, directly impacting the stock price. On Eulerpool, you can track Net Income's First Tractor Co historically and in real time.

The profit in evaluating a stock

History, usage, calculation, and application of earnings in securities trading.

The history of earnings dates back to the beginnings of modern business organization. Since the beginning of industrialization, companies have been established to generate profits, and profits have been considered an essential part of corporate management. In recent years, the importance of earnings for investors has continued to rise, as many investors seek to find stocks that generate solid earnings.

Use of Profits

In securities trading, profits are used to determine the value of a stock. A company that generates profits is considered financially healthy and its stocks are valued higher, while a company that does not generate profits is considered less reliable and therefore receives a lower valuation. Investors can review the profits of each company by examining the relevant documents such as the income statement, the annual financial statements, and the income tax audits.

Calculation of profits

There are several different ways to calculate profits. The simplest way to calculate profits is by calculating net earnings. Net earnings are calculated by subtracting the company's expenses from its revenue. Another way to calculate profits is by calculating operating income. Operating income is calculated by subtracting the company's materials costs and employee wages and salaries from its revenue.

Use of profits

There are many different ways in which investors can use profits when evaluating stocks. One example is calculating the price-to-earnings ratio (P/E ratio). The P/E ratio is the relationship between the price of a stock and the company's earnings. When calculating the P/E ratio, the stock price is divided by the company's earnings. A low P/E value indicates that the stock has a good price-performance ratio, and a high P/E value indicates that the stock has a poor price-performance ratio.

Advantages and disadvantages of using profits

There are many advantages to using earnings in securities trading. Firstly, investors can check the financial health of a company by analyzing earnings. Secondly, investors can make a better decision about the valuation of a stock by calculating the P/E ratio. Thirdly, investors can reduce their risk by choosing stocks with a low P/E ratio.

However, there are also some drawbacks to relying on profits. Firstly, profits can be distorted if a company increases its profits through cost-cutting measures. Secondly, profits can present an inaccurate picture of a company's financial health if they are not calculated correctly. Thirdly, profits may not always be a reliable indicator of a company's future, as they can easily fluctuate.

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Overall, it can be said that profits in securities trading are an important indicator of a company's financial health. Investors can analyze profits to get a better understanding of the company's financial health and make informed decisions about stock valuation. However, there are some disadvantages to using profits as they can sometimes be distorted or inaccurate. Therefore, it is important for investors to be cautious and carefully analyze profits before making a decision to buy or sell stocks.

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Income Statement — First Tractor Co

All Key Metrics — First Tractor Co