First Tractor Co Ltd - Company Profile
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First Tractor Co Ltd (First Tractor), a subsidiary of YTO Group Corp, is involved in the research, development, manufacturing, sales of agricultural machinery, power machinery, and related components. Its product portfolio includes road rollers, wheel loaders, bulldozers, crawler tractors, wheeled tractors, harvesting machinery, and other parts and components. First Tractor also offers diesel engines, fuel injection pumps, fuel injectors, and financial services such as loans, finance leases, bill discounting, and deposits. The company’s products are used in a variety of applications, including agricultural operations, earthwork operations, transportation operations, and fixed operations. It sells its products through dealers in Asia, South America, and Africa. First Tractor is headquartered in Luoyang, Henan, China.
Headquarters
China
Address
154 Jianshe Road, Luoyang, Henan, 471004
Website
www.first-tractor.com.cn
Telephone
86 379 64967038
No of Employees
6,920
Industry
Industrial Goods and Machinery
Ticker Symbol & Exchange
38 (HKG)
Revenue (2024)
$1.5B
-9.1%
(2024 vs 2023)
EPS
XYZ
Net Income (2024)
XYZ
-11.9%
(2024 vs 2023)
Market Cap*
$1.9B
Net Profit Margin (2024)
XYZ
-3.2%
(2024 vs 2023)
* As of and is in US$
First Tractor Co Ltd premium industry data and analytics
Products and Services
| Products | Services | Brands |
|---|---|---|
| Diesel Engines | Bill Discounting | Dongfanghong |
| Wheeled Tractors | Loans | YTO |
| Road Rollers | Deposits | |
| XYZ | XYZ | |
| XYZ | XYZ | |
| XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2021 | Contracts/Agreements | In May, YTO Group and Beidahuang Group signed a strategic cooperation agreement to develop an open industry ecological system and promote agricultural modernization in the country. |
| 2021 | Contracts/Agreements | In January, YTO and ST signed an agreement on building a joint laboratory, which would focus on the electronic solutions for engines, tractors and farm tools control systems. |
| 2019 | Divestiture | In March, The Company Disposed Its 93.4% equity interests in YTO (Luoyang) Transportation Machinery Co for CNY24.3 Million. |
Competitor Comparison
| Key Parameters | First Tractor Co Ltd | Caterpillar Inc | Kubota Corp | CNH Industrial NV | Hitachi Construction Machinery Co Ltd |
|---|---|---|---|---|---|
| Headquarters | China | United States of America | Japan | United Kingdom | Japan |
| City | Luoyang | Irving | Osaka | Basildon | Taito-Ku |
| State/Province | Henan | Texas | Osaka | Essex | Tokyo |
| No. of Employees | 6,920 | 118,000 | 52,503 | 34,197 | 26,101 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Liu Bin | Chief Financial Officer; Secretary | Senior Management | 2024 | 51 |
| Zhao Weilin | Chairman | Executive Board | 2025 | 56 |
| Yu Lina | Deputy General Manager | Executive Board | 2022 | 54 |
| Wei Tao | Director | Executive Board | 2022 | 45 |
| Xue Wenpu | Deputy General Manager | Senior Management | 2022 | 52 |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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