00038 FIRST TRACTOR
- 9.120
- +0.030+0.33%
FIRST TRACTOR News
Orient Securities: Domestic sales of excavators accelerated in April, construction started and improved month-on-month
Domestic sales of excavators have been growing for two consecutive months, which is expected to boost confidence in the industry's development to a certain extent. The growth rate of export sales fluctuates downward or is affected by a high base over the same period and demand differentiation in overseas markets.
Express News | Zheshang Securities: Reasonable valuation of the construction machinery industry may have room for improvement
FIRST TRACTOR CO To Go Ex-Dividend On June 3rd, 2024 With 0.44206 USD Dividend Per Share
May 14th - $FIRST TRACTOR CO(FIRRY.US)$ is trading ex-dividend on June 3rd, 2024. Shareholders of record on June 3rd, 2024 will receive 0.44206 USD dividend per share on August 15th, 2024. The ex-
Domestic sales of excavators slightly exceeded expectations in April and broke out of a trough in Q2? Industry: Relatively stable overseas business helps smooth the ironing cycle |Industry News
The peak season for the industry from March to May has arrived. Domestic sales of excavators were slightly higher than expected in April, and the decline in exports narrowed.
Changes in Hong Kong stocks | Construction machinery stocks had the highest rise, domestic demand marginal expectations improved, and companies continued to push for product exports
The Zhitong Finance App learned that construction machinery stocks had the highest gains. As of press release, Zhonglian Heavy Industries (01157) rose 4.53% to HK$6.23; Yituo shares (00038) rose 3.39% to HK$9.14; Sany International (00631) rose 3.1% to HK$6.66; and China Longgong (03339) rose 2.05% to HK$1.49. According to the news, CME estimates that the total sales volume of excavators in April was about 18,500 units, down about 1.5% from the previous year, and the decline improved from month to month. Among them, domestic sales were 0.95 million units, which was basically the same as the previous year; export sales were 90,000 units.
Yituo Co., Ltd. (601038): Q1 performance continued to grow, overseas markets progressed steadily
Incident: Recently, the company released its quarterly report for 2024Q1. In 2024Q1, the company achieved operating income of 4.656 billion yuan, about +11% year on year; net profit to mother was 599 million yuan, +23.40% year over year. Increased gross margin, period
Yituo Co., Ltd. (601038.SH): The gross margin of the company's export business is higher than that of domestic business
Gelonghui, May 8, 丨 Yituo Co., Ltd. (601038.SH)'s April investor relations activity record sheet shows that the company's gross margin of export business is higher than that of domestic business due to profits from parts manufacturing and mainframe assembly in the comprehensive industrial chain and profits from international trade.
Yituo Co., Ltd. (601038.SH): Currently, the company mainly uses RMB settlement in Russian regions and other markets
Gelonghui, May 8, 丨 Yituo Co., Ltd. (601038.SH)'s April investor relations activity record table shows that the company's overseas sales model is mainly sales through dealers; according to the risk characteristics of export regions, some regions and countries use full payment before shipping, while others are settled by issuing a letter of credit. The company also protects against overseas business receivable risks by applying for CITIC Insurance and the like. Currently, the company mainly uses RMB settlement in Russian-speaking regions and other markets.
Yituo Co., Ltd. (601038.SH): At present, the company has developed hybrid tractor products and commercialized them in small quantities
Gelonghui, May 8, 丨 Yituo Co., Ltd. (601038.SH) April investor relations activity record sheet shows that due to tractor usage scenarios, mainly agricultural production and the development of battery technology, pure electric agricultural machinery is mainly used in medium- and low-power products at this stage. At present, the company has developed hybrid tractor products and commercialized them in small quantities.
Changes in Hong Kong stocks | First Tractor continued to rise by nearly 5%, reaching a new high, and the stock price nearly doubled during the year
Gelonghui, May 7 | Agricultural Machinery Leading Company No. 1 Tractor Co., Ltd. (0038.HK) continued to rise 4.57%, reporting a high price of HK$8.7 during the renewal phase. The stock price nearly doubled during the year, with a total market value of nearly HK$10 billion. The recently announced net profit for the first quarter increased by 23.4% year-on-year. Guojin Securities is optimistic that the company will use the performance advantages of large drag products to increase its domestic share. According to Mordor Intelligence, the global tractor market space in 2023 is estimated to be US$78.98 billion, and the company's market share is only 2.1%, so there is plenty of room for growth.
Hong Kong Stock Concept Tracking | Leading institutions in agricultural machinery loan growth in the first quarter are optimistic about the increase in overseas revenue from agricultural machinery exports (with concept stocks)
Currently, spring farming across the country is nearing its end. The reporter learned in Guangdong, Anhui and other places that agricultural machinery loans have become one of the fastest growing areas of agricultural loans since this year, showing that the level of agricultural mechanization in China continues to rise. According to the data, since this year, the agricultural machinery loan balance of the Agricultural Bank has increased by more than 50% compared to the beginning of the year, making it one of the fastest growing areas of agricultural loans. The General Administration of Financial Supervision also proposed that this year, it is necessary to increase the issuance of credit loans to new agricultural operators and farmers to raise the level of financial services in rural areas. According to the Chinese Government Network, the Ministry of Finance plans to allocate 24.6 billion yuan to support the purchase and application of agricultural machinery in 2024
Yituo Co., Ltd. (601038): The leading large tractor company is based at home and looks overseas
Investment logic: leading domestic tractors, state-owned enterprise reform drives up profit margins. In recent years, the company has removed inefficient assets, improved internal management, and increased profit margins. The company's sales/management expenses rate in 2023 was 2.1%/3.1%, respectively, compared to
Changes in Hong Kong stocks | Yituo Shares (00038) rose more than 10%, net profit to mother increased 23.4% year-on-year in the first quarter, and the company is expected to fully benefit from large-scale equipment updates
Yituo Shares (00038) rose nearly 10%. As of press release, it rose 9.79% to HK$7.96, with a turnover of HK$21.44,400.
First Tractor Co., Ltd. (00038.HK)'s net profit for the first quarter was 599 million yuan, up 23.40% year-on-year
Gelonghui, April 25, 丨 First Tractor Co., Ltd. (00038.HK) announced that in the first quarter of 2024, the company achieved operating income of 4.656 billion yuan, an increase of 11.11%; net profit attributable to shareholders of listed companies was 599 million yuan, an increase of 23.40% year on year; net profit attributable to shareholders of listed companies after deducting non-recurring profit and loss was 596 million yuan, an increase of 24.39% year on year.
第一拖拉機股份：2024年第一季度報告
Express News | Yituo Co., Ltd.: Net profit of 599 million yuan in the first quarter, an increase of 23.4% over the previous year
FIRST TRACTOR To Go Ex-Dividend On May 31st, 2024 With 0.35216 HKD Dividend Per Share
April 25th - $FIRST TRACTOR(00038.HK)$ is trading ex-dividend on May 31st, 2024. Shareholders of record on June 3rd, 2024 will receive 0.35216 HKD dividend per share on July 31st, 2024. The ex-div
第一拖拉機股份：2023年度報告
Hong Kong Stock Concept Tracking | The Ministry of Finance arranged 24.6 billion yuan this year to support agricultural machinery purchase and application subsidies, agricultural machinery companies attracted attention (with concept stocks)
Ministry of Finance: Allocate 24.6 billion yuan this year to support agricultural machinery purchase and application subsidies to step up implementation of agricultural machinery scrapping updates
GF Securities: Equipment updates combined with rapid growth in overseas demand, agricultural machinery leaders are expected to benefit first
The Zhitong Finance App learned that GF Securities released a research report stating that agricultural machinery products are diverse, the industry space is large, and demand is growing steadily. Agricultural machinery is affected by factors such as farming processes, terrain, and crops, and has various characteristics. After decades of development, agricultural machinery in China has initially entered a mature period. The industry space is large, and demand is growing steadily against the backdrop of increased food security and per capita food consumption. Large-scale equipment updates are expected to drive a new round of renewal and replacement demand, compounded by rapid growth in overseas demand, and agricultural machinery leaders are expected to benefit first. Recommended attention: Tractor Leader Yituo Co., Ltd. (601038.SH), focus
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