Description

First Tractor Company Limited (0038.HK) is a global enterprise specializing in the development, manufacturing, and distribution of agricultural and power machinery, along with their essential spare parts. The company's operations are structured across three primary segments: Agricultural Machinery, Power Machinery, and Finance. Its product portfolio includes a comprehensive range of wheeled and crawler tractors, as well as critical components such as castings, forgings, gears, gearboxes, and various covers. The Power Machinery segment focuses on off-road diesel engines and related accessory parts, including fuel injection pumps and fuel injectors. The company also undertakes the processing and sale of raw, semi-finished, and finished casting and forging products. Beyond its industrial activities, First Tractor maintains a robust financial services arm. This division facilitates fund settlement and offers a broad spectrum of financial solutions. These include providing loans, finance leases, bill acceptance and discounting, and entrusted loans to its member companies. It also engages in equity and portfolio investments in approved financial institutions. Furthermore, the company extends consumer credit services, buyer's credit, and finance leases specifically for products manufactured by its member companies, alongside inter-bank borrowing and lending. Established in 1955, the company was formerly known as First Tractor Works of China and is headquartered in Luoyang, China.