First Tractor Company Limited (HKG:0038)

First Tractor Company Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	10,966	11,839	11,433	12,354	9,126	7,370
Other Revenue	59.66	65.13	101.2	209.45	207.76	212.02
Revenue	11,025	11,904	11,534	12,564	9,334	7,582
Revenue Growth (YoY)	-8.82%	3.21%	-8.20%	34.61%	23.10%	30.06%
Cost of Revenue	9,498	10,177	9,814	10,518	7,793	6,305
Gross Profit	1,527	1,728	1,720	2,046	1,541	1,278
Selling, General & Admin	492.22	488.13	489.79	581.66	529.16	674.3
Research & Development	524.07	516.38	461.34	528.78	415.35	339.04
Other Operating Expenses	-33.98	-55.87	27.85	47.65	42.85	43.69
Operating Expenses	1,006	967.39	985.48	1,275	1,201	1,300
Operating Income	521.57	760.46	734.57	771.12	340.04	-22.5
Interest Expense	-3.41	-5.76	-27.18	-33.32	-49.97	-101.67
Interest & Investment Income	208.52	217.27	186.39	34.67	641.84	381.08
Currency Exchange Gain (Loss)	3.76	8.2	11.04	36.68	-25.21	-23.12
Other Non Operating Income (Expenses)	-2.77	-3.29	-2.68	13.3	0.04	15.13
EBT Excluding Unusual Items	727.68	976.87	902.14	822.46	906.75	248.92
Gain (Loss) on Sale of Investments	65.78	27.4	47.76	-232.28	-520.68	-20.09
Gain (Loss) on Sale of Assets	4.75	5.49	1.56	1.63	0.06	8.25
Asset Writedown	-10.75	-10.75	-6.45	-23.6	-2.22	-48.29
Legal Settlements	-	-	-	-	-1.18	-1.24
Other Unusual Items	122.09	52.78	58.07	43.69	77.57	119.79
Pretax Income	909.54	1,052	1,003	611.9	460.29	307.33
Income Tax Expense	65.44	120.84	14.06	-30.06	26.95	26.37
Earnings From Continuing Operations	844.11	930.94	989.03	641.96	433.34	280.96
Net Income to Company	844.11	930.94	989.03	641.96	433.34	280.96
Minority Interest in Earnings	-58.4	-8.91	8	39.09	4.87	-0.81
Net Income	785.71	922.02	997.02	681.05	438.21	280.15
Net Income to Common	785.71	922.02	997.02	681.05	438.21	280.15
Net Income Growth	-31.57%	-7.52%	46.39%	55.42%	56.42%	355.71%
Shares Outstanding (Basic)	1,124	1,124	1,124	1,124	1,112	986
Shares Outstanding (Diluted)	1,124	1,124	1,124	1,124	1,112	986
Shares Change (YoY)	-0.01%	-0.01%	-	1.03%	12.83%	0.06%
EPS (Basic)	0.70	0.82	0.89	0.61	0.39	0.28
EPS (Diluted)	0.70	0.82	0.89	0.61	0.39	0.28
EPS Growth	-31.56%	-7.52%	46.39%	53.83%	38.64%	355.45%
Free Cash Flow	607.95	1,104	967.16	3,508	514.43	1,168
Free Cash Flow Per Share	0.54	0.98	0.86	3.12	0.46	1.18
Dividend Per Share	0.368	0.299	0.319	0.226	0.117	0.075
Dividend Growth	15.20%	-6.23%	41.52%	92.91%	56.00%	-
Gross Margin	13.85%	14.51%	14.91%	16.28%	16.51%	16.85%
Operating Margin	4.73%	6.39%	6.37%	6.14%	3.64%	-0.30%
Profit Margin	7.13%	7.75%	8.64%	5.42%	4.70%	3.69%
Free Cash Flow Margin	5.51%	9.28%	8.38%	27.92%	5.51%	15.40%
EBITDA	790.5	1,037	1,030	1,079	660.65	302.43
EBITDA Margin	7.17%	8.71%	8.93%	8.59%	7.08%	3.99%
D&A For EBITDA	268.93	276.85	295.28	308.21	320.61	324.93
EBIT	521.57	760.46	734.57	771.12	340.04	-22.5
EBIT Margin	4.73%	6.39%	6.37%	6.14%	3.64%	-0.30%
Effective Tax Rate	7.19%	11.49%	1.40%	-	5.85%	8.58%
Revenue as Reported	11,025	11,904	11,534	12,564	9,334	7,582
Advertising Expenses	-	16.5	13.67	13.87	9.89	7.81

Source: S&P Global Market Intelligence. Standard template. Financial Sources.