F

First Tractor Co Ltd
SSE:601038

Watchlist Manager
First Tractor Co Ltd
SSE:601038
Watchlist
Price: 13.76 CNY -2.89% Market Closed
Market Cap: 10.1B CNY
Have any thoughts about
First Tractor Co Ltd?
Write Note
First Tractor Co Ltd
/
Income Statement
/
Tax Provision

First Tractor Co Ltd
Tax Provision

Last Value
3-Years 3-Y CAGR
5-Years 5-Y CAGR
10-Years 10-Y CAGR
Quarterly
Annual
TTM
|

First Tractor Co Ltd
Tax Provision Peer Comparison

Competitors Analysis
Latest Figures & CAGR of Competitors

Company Tax Provision CAGR 3Y CAGR 5Y CAGR 10Y
F
First Tractor Co Ltd
SSE:601038
Tax Provision
-¥140.9m
CAGR 3-Years
-35%
CAGR 5-Years
-33%
CAGR 10-Years
-12%
X
Xinjiang Tianye Water Saving Irrigation System Co Ltd
HKEX:840
Tax Provision
-¥10.9m
CAGR 3-Years
N/A
CAGR 5-Years
-44%
CAGR 10-Years
-20%
Thinker Agricultural Machinery Co Ltd
SSE:603789
Tax Provision
-¥4.5m
CAGR 3-Years
N/A
CAGR 5-Years
N/A
CAGR 10-Years
N/A
X
Xinjiang Machinery Research Institute Co Ltd
SZSE:300159
Tax Provision
-¥21.1m
CAGR 3-Years
48%
CAGR 5-Years
3%
CAGR 10-Years
-4%
Shandong Hongyu Agricultural Machinery Co Ltd
SZSE:002890
Tax Provision
-¥1.7m
CAGR 3-Years
0%
CAGR 5-Years
N/A
CAGR 10-Years
N/A
No Stocks Found

First Tractor Co Ltd
Glance View

Market Cap
10.1B CNY
Industry
Machinery

In the heart of China’s industrial machinery landscape, First Tractor Co Ltd stands as a testament to transformation and growth in modern agriculture and construction sectors. Established initially to bolster the nation’s post-revolution agricultural efficiency, the company has robustly evolved, intertwining its fortunes with China’s rapidly advancing economic goals. First Tractor, a key subsidiary of China National Machinery Industry Corporation (SINOMACH), weaves together rich strands of manufacturing prowess and innovative engineering. Its operations predominantly focus on producing tractors, engines, and combine harvesters, which are crucial for modernizing farming practices. Through extensive research and development, the company continually refines its product line to address the specific needs of large-scale agricultural operations. This focus on innovation ensures that First Tractor products remain competitive not only in domestic markets but also in global arenas, where demand for efficient, high-powered agricultural machinery is rising. As a leader in the manufacturing of large and medium-size tractors, First Tractor Co Ltd’s business model revolves around a strategic blend of mass production and technological advancement. Revenue streams largely stem from the sale of these agricultural megatools and the engines that power them, facilitated through a wide network of dealerships and service teams that ensure robust after-sales support. The company further solidifies its market position by leveraging state-of-the-art manufacturing practices combined with competitive pricing strategies, a critical component to capturing a significant share of the market not just in China, but across developing countries where agricultural mechanization is crucial for economic advancement. Continuous investments in cutting-edge technologies and improvements in production processes underscore First Tractor's commitment to quality and efficiency, allowing the company to maintain its formidable reputation in the agricultural machinery industry. Through these finely tuned operational strategies, First Tractor Co Ltd catalyzes agricultural productivity, serving as a backbone resource for farmers worldwide striving for greater efficiency and yield.

Intrinsic Value
30.64 CNY
Undervaluation 55%
Intrinsic Value
Price
F
What is Intrinsic Value?

See Also

What is First Tractor Co Ltd's Tax Provision?
Tax Provision
-140.9m CNY

Based on the financial report for Sep 30, 2024, First Tractor Co Ltd's Tax Provision amounts to -140.9m CNY.

What is First Tractor Co Ltd's Tax Provision growth rate?
Tax Provision CAGR 10Y
-12%

Over the last year, the Tax Provision growth was -400%. The average annual Tax Provision growth rates for First Tractor Co Ltd have been -35% over the past three years , -33% over the past five years , and -12% over the past ten years .

Back to Top
ALPHA SPREAD
Follow us
Join more than 215,500+ value investors using Alpha Spread
Create a free account
or see our plans & pricing

Company

About Us Careers Pricing Affiliate Program Terms of Service Privacy Policy

Help

What is Intrinsic Value? Help Center Contact Us

Tools

Stock Screener Intrinsic Value Calculator DCF Value Calculator Discount Rate Calculator

Stocks

Most Undervalued Stocks Wide Economic Moat Stocks High Profitability Stocks High Solvency Stocks Most Popular Stocks

© 2025 Alpha Spread Limited. All Rights Reserved.

www.alphaspread.com is not operated by a broker, a dealer, or a registered investment adviser. Under no circumstances does any information posted on www.alphaspread.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute, investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. In no event shall Alpha Spread Limited be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on www.alphaspread.com, or relating to the use of, or inability to use, www.alphaspread.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance.