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First Tractor Co Ltd
SSE:601038

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First Tractor Co Ltd
SSE:601038
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Price: 13.76 CNY -2.89% Market Closed
Market Cap: 10.1B CNY
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Gross Margin
First Tractor Co Ltd

15.3%
Current
16%
Average
27.3%
Industry

Gross Margin is the amount of money a company retains after incurring the direct costs associated with producing the goods it sells and the services it provides. The higher the gross margin, the more capital a company retains, which it can then use to pay other costs or satisfy debt obligations.

Gross Margin
15.3%
=
Gross Profit
1.8B
/
Revenue
12B

Gross Margin Across Competitors

Country CN
Market Cap 10.1B CNY
Gross Margin
15%
Country US
Market Cap 111.9B USD
Gross Margin
40%
Country UK
Market Cap 14.6B EUR
Gross Margin
24%
Country JP
Market Cap 2.1T JPY
Gross Margin
31%
Country US
Market Cap 8.1B USD
Gross Margin
34%
Country US
Market Cap 6.7B USD
Gross Margin
25%
Country IN
Market Cap 373B INR
Gross Margin
31%
Country SE
Market Cap 32.5B SEK
Gross Margin
30%
Country TR
Market Cap 70.7B TRY
Gross Margin
23%
Country US
Market Cap 1.3B USD
Gross Margin
31%
Country IT
Market Cap 894.1m EUR
Gross Margin
46%
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 Gross Margin?

Gross Margin is the amount of money a company retains after incurring the direct costs associated with producing the goods it sells and the services it provides. The higher the gross margin, the more capital a company retains, which it can then use to pay other costs or satisfy debt obligations.

Gross Margin
15.3%
=
Gross Profit
1.8B
/
Revenue
12B
What is the Gross Margin of First Tractor Co Ltd?

Based on First Tractor Co Ltd's most recent financial statements, the company has Gross Margin of 15.3%.