First Tractor Co., Ltd. (00038) announced interim results, net profit of 782 million yuan, an increase of 1.72% year-on-year

According to the Zhitong Finance App, First Tractor Co., Ltd. (00038) announced interim results for the six months ended June 30, 2026. The group achieved total operating revenue of 7.886 billion yuan during the period, an increase of 13.84% over the previous year; net profit attributable to owners of the parent company was 782 million yuan, an increase of 1.72% over the previous year; and basic income per share was 0.6962 yuan.

In the first half of 2026, the boom in the agricultural machinery industry picked up. In line with changes in the market environment, the company implemented precise measures to expand and increase sales in the domestic market, and implemented quantitative evaluation and dynamic control mechanisms. Deeply cultivate major customer strategies and promote order cooperation with exclusive value-added services. Continue to rectify weak channels, deepen cooperation with financial institutions, and build a global digital marketing matrix to effectively boost product sales. During the reporting period, the company actively explored integrated mainframe and agricultural tools cooperation around core operation scenarios in paddy fields, dry fields, cash crops, and hilly mountains, to accelerate the construction of a complete Dongfanghong agricultural equipment product portfolio and enhance product competitiveness. During the reporting period, the company's tractor product sales volume was 501,000 units, up 17.05% year on year, higher than the industry's increase of 11.55 percentage points, and the market share increased 2.77 percentage points year on year.