601038 First Tractor
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First Tractor News
CICC: What determines the domestic demand cycle for excavators?
It is expected that adjustments in real estate policies may drive real estate starts to bottom up, which in turn will gradually drive domestic demand for excavators to bottom up.
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.
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.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.
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
First Tractor's (HKG:38) Solid Earnings May Rest On Weak Foundations
The market for First Tractor Company Limited's (HKG:38) stock was strong after it released a healthy earnings report last week. While the profit numbers were good, our analysis has found some concern
Investors Still Aren't Entirely Convinced By First Tractor Company Limited's (HKG:38) Earnings Despite 34% Price Jump
First Tractor Company Limited (HKG:38) shares have continued their recent momentum with a 34% gain in the last month alone. Looking back a bit further, it's encouraging to see the stock is up 96% i
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. announced first-quarter results, net profit of about 599 million yuan, an increase of 23.4% year-on-year
First Tractor Co., Ltd. (00038) announced its results for the first quarter of 2024, with operating income of about 4.656 billion yuan, up 11.11% year on year; net profit attributable to shareholders of listed companies was about 599 million yuan, up 23.4% year on year; basic earnings per share were 0.5334 yuan.
Hong Kong Stock Concept Tracking | Demand recovery compounded by continuous improvement in overseas catalytic construction machinery boom, and the inflection point in the cycle is gradually showing (with concept stocks)
Some brokerage firms said that the construction machinery and equipment renewal cycle may be approaching, and a series of large-scale equipment renewal policies are expected to boost the market recovery.
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
Yituo Co., Ltd. (601038.SH): Net profit of 599 million yuan in the first quarter increased 23.4% year-on-year
On April 25, Ge Longhui Co., Ltd. (601038.SH) released its report for the first quarter of 2024, achieving operating income of 4.656 billion yuan, an increase of 11.11%; net profit attributable to shareholders of listed companies of 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 of 596 million yuan, an increase of 24.39% year on year; and basic earnings per share of 0.5334 yuan.
First Tractor Co., Ltd. will pay a final dividend of 0.3194 yuan per share on July 31
First Tractor Co., Ltd. (00038) announced that it will pay a final dividend of RMB 0.3194 per share for the year ended 31 December 2023 on July 31, 2024.
Investors Will Want First Tractor's (HKG:38) Growth In ROCE To Persist
Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key financial metrics. One common approach is to try and find a company with return
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
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