First Tractor Company Limited (00038) climbed after releasing its earnings, rising 6.59% to HK$7.525 as of press time, with turnover of HK$10.0327 million.
The company disclosed its 2026 third-quarter report last night, showing that for the first three quarters, main operating revenue reached RMB 11.05 billion, up 13.89% year-on-year; net profit attributable to shareholders was RMB 1.053 billion, up 5.87% year-on-year; and net profit after deducting non-recurring items was RMB 1.111 billion, up 22.07% year-on-year.
Looking at the third quarter alone, the company achieved main operating revenue of RMB 3.164 billion, up 14.01% year-on-year; net profit attributable to shareholders was RMB 270 million, up 20.05% year-on-year. The company plans to hold a third-quarter results briefing on November 5.
Orient Securities previously noted that China's agricultural machinery exports have maintained growth this year, and we have observed that the average export price has risen, reflecting that going overseas has driven the development of larger-scale agricultural machinery. As overseas demand continues to recover, we expect the trend of larger-scale agricultural machinery in China to continue, and the prosperity of industry leaders is expected to persist, bringing investment opportunities.
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