First Tractor Company Limited (HKG:0038)

First Tractor Company Income Statement

Financials in millions CNY. Fiscal year is January - December.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	11,904	11,433	12,354	9,126	7,370
Other Revenue	-	101.2	209.45	207.76	212.02
Revenue	11,904	11,534	12,564	9,334	7,582
Revenue Growth (YoY)	3.21%	-8.20%	34.61%	23.10%	30.06%
Cost of Revenue	10,145	9,727	10,518	7,793	6,305
Gross Profit	1,759	1,806	2,046	1,541	1,278
Selling, General & Admin	511.15	576.17	581.66	529.16	674.3
Research & Development	516.38	461.34	528.78	415.35	339.04
Other Operating Expenses	-103.21	48.62	47.65	42.85	43.69
Operating Expenses	924.32	1,093	1,275	1,201	1,300
Operating Income	834.83	713.8	771.12	340.04	-22.5
Interest Expense	-	-27.18	-33.32	-49.97	-101.67
Interest & Investment Income	172.35	186.39	34.67	641.84	381.08
Currency Exchange Gain (Loss)	-	11.04	36.68	-25.21	-23.12
Other Non Operating Income (Expenses)	30.75	-1.86	13.3	0.04	15.13
EBT Excluding Unusual Items	1,038	882.19	822.46	906.75	248.92
Gain (Loss) on Sale of Investments	27.4	47.76	-232.28	-520.68	-20.09
Gain (Loss) on Sale of Assets	5.49	1.56	1.63	0.06	8.25
Asset Writedown	-19.03	-6.45	-23.6	-2.22	-48.29
Legal Settlements	-	-	-	-1.18	-1.24
Other Unusual Items	-	78.02	43.69	77.57	119.79
Pretax Income	1,052	1,003	611.9	460.29	307.33
Income Tax Expense	120.84	14.06	-30.06	26.95	26.37
Earnings From Continuing Operations	930.94	989.03	641.96	433.34	280.96
Net Income to Company	930.94	989.03	641.96	433.34	280.96
Minority Interest in Earnings	-8.91	8	39.09	4.87	-0.81
Net Income	922.02	997.02	681.05	438.21	280.15
Net Income to Common	922.02	997.02	681.05	438.21	280.15
Net Income Growth	-7.52%	46.39%	55.42%	56.42%	355.71%
Shares Outstanding (Basic)	1,124	1,124	1,124	1,112	986
Shares Outstanding (Diluted)	1,124	1,124	1,124	1,112	986
Shares Change (YoY)	-0.01%	-	1.03%	12.83%	0.06%
EPS (Basic)	0.82	0.89	0.61	0.39	0.28
EPS (Diluted)	0.82	0.89	0.61	0.39	0.28
EPS Growth	-7.52%	46.39%	53.83%	38.64%	355.45%
Free Cash Flow	1,104	967.16	3,508	514.43	1,168
Free Cash Flow Per Share	0.98	0.86	3.12	0.46	1.18
Dividend Per Share	-	0.319	0.226	0.117	0.075
Dividend Growth	-	41.52%	92.91%	56.00%	-
Gross Margin	14.78%	15.66%	16.28%	16.51%	16.85%
Operating Margin	7.01%	6.19%	6.14%	3.64%	-0.30%
Profit Margin	7.75%	8.64%	5.42%	4.70%	3.69%
Free Cash Flow Margin	9.28%	8.38%	27.92%	5.51%	15.40%
EBITDA	1,125	997.81	1,079	660.65	302.43
EBITDA Margin	9.45%	8.65%	8.59%	7.08%	3.99%
D&A For EBITDA	290.02	284.01	308.21	320.61	324.93
EBIT	834.83	713.8	771.12	340.04	-22.5
EBIT Margin	7.01%	6.19%	6.14%	3.64%	-0.30%
Effective Tax Rate	11.49%	1.40%	-	5.85%	8.58%
Revenue as Reported	-	11,534	12,564	9,334	7,582
Advertising Expenses	-	13.67	13.87	9.89	7.81

Updated Oct 29, 2024. Source: S&P Global Market Intelligence. Standard template. Financial Sources.