First Tractor Co., Ltd. (601038.SH) Financial Statements

Income statement

Metric	TTM	2025	2024	2023	2022
Revenue
Total Revenue	11.8B	10.8B	11.9B	11.5B	12.6B
Cost of Revenue	10.0B	9.2B	10.1B	9.8B	10.5B
Gross Profit	1.8B	1.6B	1.8B	1.8B	2.1B
Operating Expenses
R&D Expense	430.6M	549.4M	516.4M	461.3M	528.8M
SG&A Expense	115.2M	—	—	—	—
General & Admin Expense	334.6M	341.2M	354.7M	360.6M	395.2M
Selling & Marketing Expense	167.8M	164.6M	156.5M	154.5M	222.2M
Other Expenses	123.2M	—	—	—	—
Total Operating Expenses	1.1B	1.1B	1.0B	980.2M	1.2B
Cost and Expenses	11.0B	10.3B	11.2B	10.8B	11.7B
Operating Income (EBIT)	913.1M	918.2M	1.0B	996.3M	588.0M
Non-Operating
Interest Income	37.8M	—	—	5.6M	103.2M
Interest Expense	2.8M	—	—	99.8K	12.1M
Net Interest Income	35.0M	—	—	—	—
Other Non-Op Income/Expense	(36.1M)	—	—	—	—
Non-Operating Income (excl Interest)	—	—	—	—	—
EBT (Pre-Tax Income)	880.2M	936.3M	1.1B	1.0B	611.9M
Income Tax Expense	55.1M	76.4M	120.8M	14.1M	(30.1M)
Bottom Line
Net Income	824.3M	812.0M	922.0M	997.0M	681.1M
Earnings from Cont. Ops	825.2M	859.8M	930.9M	971.6M	558.4M
Earnings from Discont. Ops	—	—	—	—	—
Bottom Line Net Income	824.3M	812.0M	922.0M	997.0M	681.1M
Per Share
Basic EPS	CN¥0.74	CN¥0.72	CN¥0.82	CN¥0.89	CN¥0.61
Diluted EPS	CN¥0.74	CN¥0.72	CN¥0.82	CN¥0.89	CN¥0.61
Revenue Per Share	CN¥10.47	CN¥9.63	CN¥10.59	CN¥10.26	CN¥11.18
Shares
Basic Shares Outstanding	1.1B	1.1B	1.1B	1.1B	1.1B
Diluted Shares Outstanding	1.1B	1.1B	1.1B	1.1B	1.1B
Profitability Metrics
EBITDA	357.6M	1.2B	1.4B	1.3B	920.5M
D&A	81.2M	312.5M	313.4M	320.3M	332.5M
EBIT	276.3M	—	—	—	—

As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Jun 1, 2026