智通财经APP讯，第一拖拉机股份(00038)公布2024年业绩，营业总收入约119.04亿元，同比增长3.26%; 归属于母公司所有者的净利润约9.22亿元，同比减少7.52%。基本每股收益0.8206元，每10股派发现金 红利人民币2.995元(含税)。 公告称，营收增长主要由于主导产品销量同比上升。 拖拉机业务方面，公司持续丰富拖拉机产品组合和产品配置，加快新产品上市推广。聚焦拓市场的关键 环节，优化渠道管理，针对薄弱区域推进「一地一策、一品一策」，提升区域产品竞争力。针对重点市 场、战略产品、跨区作业集中区域等制定专项服务方案，为用户提供专业化的产品和服务，并通过东方 红金融业务有效缓解经销渠道和终端用户的资金压力。公司更加注重探索新媒体在营销宣传等领域应 用，达到品牌宣传、引流客户效果。2024年，公司实现大中型拖拉机产品销售7.43万台，同比增长 2.73%，继续保持行业领先位势。 动力机械业务方面，2024年公司柴油机产品继续以稳定扩大拖拉机、收获机等传统农业机械主机产品配 套市场为主，同时培育开拓船机、发电机、工程机械等市场。受拖拉机、收获机产品市场集中度提升影 响，柴油机外部配套市场需求有所 ...

Financial Performance - Total operating revenue for the year ended December 31, 2024, was RMB 11,904,370,911.94, an increase from RMB 11,533,786,779.44 in 2023, representing a growth of approximately 3.2%[13] - Net profit attributable to shareholders of the parent company was RMB 922,023,211.45, compared to RMB 770,570,612.56 in the previous year, reflecting a year-on-year increase of about 19.6%[2] - Earnings per share for the year was RMB 0.8206, up from RMB 0.6854 in 2023, indicating a growth of approximately 19.7%[2] - Operating profit for the year reached CNY 1,046,347,111.80, an increase of 5.04% from CNY 996,266,250.37 in the previous year[14] - Total profit amounted to CNY 1,051,777,667.34, up from CNY 1,003,085,973.63, reflecting a growth of 4.83%[14] - Net profit for the year was CNY 930,937,715.31, a decrease of 5.8% compared to CNY 989,027,297.80 from the previous year[14] - Total comprehensive income for the year was CNY 931,151,092.03, a decrease of 5.5% from CNY 984,994,466.66 in the previous year[15] - The company reported a net profit attributable to shareholders of approximately $922.02 million for the year, contributing to an increase in retained earnings to approximately $2.70 billion[50] Assets and Liabilities - Total assets as of December 31, 2024, amounted to RMB 14,691,335,709.97, an increase from RMB 13,817,261,971.79 in 2023, representing a growth of about 6.3%[10] - Total liabilities increased to RMB 6,913,064,048.45 from RMB 6,597,932,308.41, marking an increase of approximately 4.8%[8] - The total current assets as of December 31, 2024, were RMB 7,425,048,133.18, up from RMB 6,487,671,852.68 in 2023, indicating a growth of approximately 14.5%[4] - The total non-current assets decreased slightly to RMB 7,266,287,576.79 from RMB 7,329,590,119.11, a decline of about 0.9%[5] - The total current liabilities increased to RMB 6,498,069,754.11 from RMB 6,044,604,287.57, representing a rise of approximately 7.5%[7] - The total equity attributable to shareholders of the parent company was RMB 7,255,707,334.12, an increase from RMB 6,691,690,666.55 in 2023, reflecting a growth of about 8.4%[11] Research and Development - Research and development expenses for the year were RMB 516,377,794.17, compared to RMB 461,344,381.32 in 2023, reflecting an increase of about 11.9%[13] - The research and development strategy emphasizes self-initiated projects and collaboration with academic institutions to meet market demands[63] - The company plans to enhance its R&D investment focusing on advanced technologies such as power shifting and hybrid technology to maintain competitive advantage[87] - The company is committed to innovation-driven development, increasing R&D investment, and enhancing its technological workforce to create competitive advantages in products like continuously variable transmission and hybrid tractors[83] Sales and Market Presence - The company operates primarily in the manufacturing and sales of agricultural and power machinery[16] - The company operates in two main segments: Agricultural Machinery and Power Machinery, with over 90% of revenue and assets located in China[31] - The sales model includes a comprehensive distribution network covering 31 provinces in China and various international markets[64] - The company is actively expanding its overseas market presence, signing a contract for the supply of 301 tractors for an agricultural engineering project in Nigeria[74] - The company exported 7,100 tractors in 2024, a year-on-year increase of 8.23%[74] Cost Management and Efficiency - The company is focusing on cost management through various measures, including optimizing production processes and implementing lean production techniques to enhance economic efficiency[84] - The company’s operating costs for 2023 were adjusted from ¥9,696,630,033.53 to ¥9,783,012,246.50, reflecting an increase of ¥86,382,212.97 due to the implementation of Interpretation No. 18[34] - Operating costs increased to CNY 10,145,221,753.22, reflecting a year-on-year rise of 3.70% from CNY 9,783,012,246.50[90] Dividends and Shareholder Returns - A cash dividend of RMB 0.2995 per share is proposed for the 2024 fiscal year, totaling RMB 33,653 million[59] - The board of directors has proposed a cash dividend of RMB 2.995 per 10 shares, totaling RMB 336.53 million, subject to approval at the 2024 annual general meeting[124] Corporate Governance and Compliance - The financial statements are prepared in accordance with the Chinese Accounting Standards, reflecting the company's financial position and operating results accurately[19] - The company has established a merger accounting policy based on control, including all subsidiaries in the consolidated financial statements[28] - The company has confirmed that it has obtained necessary approvals and completed required procedures for mergers[27] - Changes in the board include the election of new directors and the appointment of a new CFO, reflecting organizational adjustments[123] Environmental and Social Responsibility - The company’s 2024 Environmental, Social, and Governance report is scheduled to be published by April 2025, in compliance with the Hong Kong Stock Exchange guidelines[121] Risk Management - The company is subject to foreign exchange risks due to its export trade primarily settled in foreign currencies, which may impact its performance[116] - The company is responding to industry uncertainties by adjusting its sales strategies based on subsidy policy changes and market competition dynamics[82]

Summary of First Tractor Company Limited Core Viewpoint The report provides an audit summary of non-operating fund occupation and other related fund transactions for First Tractor Company Limited, ensuring the accuracy and completeness of the financial data presented. Group 1: Audit Overview - The audit was conducted by Xinyong Zhonghe Accounting Firm according to Chinese CPA auditing standards, covering the financial statements for the year ending December 31, 2024 [1]. - The audit report issued was unqualified, indicating no significant discrepancies were found in the financial data [1]. Group 2: Non-Operating Fund Occupation - The report details the non-operating fund occupation for the year 2024, including the total amount occupied at the beginning of the year, the amount occupied during the year, and the total amount repaid [1]. - The total non-operating fund occupation at the end of 2024 was reported, along with the reasons for these transactions [1]. Group 3: Related Party Transactions - The report includes a summary of related party transactions, detailing the amounts involved and the nature of these transactions [2][3]. - Specific amounts for accounts receivable and payable with various related parties are listed, indicating the operational relationships and financial interactions [2][3]. Group 4: Financial Data - The financial data includes significant figures such as total receivables and payables with related parties, highlighting the financial health and operational dynamics of the company [5][6]. - The report notes changes in financial positions due to currency fluctuations and the consolidation of subsidiaries, particularly the acquisition of a controlling stake in a joint venture [6].

Group 1 - The company is responsible for establishing and effectively implementing internal controls and evaluating their effectiveness as per relevant regulations [2] - The auditors' responsibility is to express an opinion on the effectiveness of internal controls over financial reporting and disclose any significant deficiencies noted [2] - The inherent limitations of internal controls may prevent the detection and prevention of misstatements, and changes in circumstances may render controls inappropriate [2] Group 2 - The audit opinion states that as of December 31, 2024, the company maintained effective internal controls over financial reporting in all material respects according to the relevant standards [2]

第一拖拉机股份有限公司 第一拖拉机股份有限公司 2024 年度 审计报告 | 索引 | | 页码 | | --- | --- | --- | | 审计报告 | | 1-5 | | 公司财务报表 | | | | — | 合并资产负债表 | 1-2 | | — | 母公司资产负债表 | 3-4 | | — | 合并利润表 | 5 | | — | 母公司利润表 | 6 | | — | 合并现金流量表 | 7 | | — | 母公司现金流量表 | 8 | | — | 合并股东权益变动表 | 9-10 | | — | 母公司股东权益变动表 | 11-12 | | — | 财务报表附注 | 13-142 | 审计报告 XYZH/2025BJAA3B0038 第一拖拉机股份有限公司全体股东： XYZH/2025BJAA3B0038 第一拖拉机股份有限公司 1. 主营业务收入确认 一、审计意见 我们审计了第一拖拉机股份有限公司（以下简称一拖股份公司）财务报表，包括 2024 年 12 月 31 日的合并及母公司资产负债表，2024 年度的合并及母公司利润表、合并及母 公司现金流量表、合并及母公司股东权益变动表，以及相关财务报 ...

第一拖拉机股份有限公司 独立董事2024 年度述职报告 徐立友 本人作为第一拖拉机股份有限公司（以下简称"公司"）独立董 事，根据《公司法》《上市公司独立董事管理办法》、公司《章程》及 《独立董事工作制度》等有关规定，现就 2024 年度履职情况报告如 下 ： 一、独立董事基本情况 1.个人工作履历、专业背景以及兼职情况 徐立友先生，1974 年 12 月出生，河南科技大学车辆与交通工程 学院院长、教授、博士生导师，智能农业动力装备全国重点实验室副 主任，河南省低速电动车辆工程技术研究中心主任，现任本公司独立 董事，董事会战略投资及可持续发展委员会委员、审核委员会委员。 徐先生还兼任中国农业机械学会理事，中国汽车工程学会理事，河南 省汽车工程学会副理事长，中国农业机械学会拖拉机分会副主任委员， 中国农业机械学会地面机器系统分会副主任委员，中国机械工业教育 协会车辆工程学科教学委员会委员，中国农业机械学会材料加工分会 委员。徐先生毕业于西安理工大学，获颁工学博士学位，长期从事车 辆新型传动理论与控制技术、车辆性能分析方法及仿真技术及低速电 动车辆传动技术等方面的研究及教学工作，是车辆工程领域的专家， 1 中原科 ...

王书茂 本人作为第一拖拉机股份有限公司（以下简称"公司"）独立董 事，根据《公司法》《上市公司独立董事管理办法》、公司《章程》及 《独立董事工作制度》等有关规定，现就 2024 年度履职情况报告如 下 ： 一、独立董事基本情况 1.个人工作履历、专业背景以及兼职情况 王书茂先生，1959 年 7 月出生，教授/博士生导师，现任本公司 独立董事，董事会提名委员会主席、薪酬委员会委员。王先生曾任中 国农业大学车辆与交通工程学院副院长、中国农业机械学会理事、中 国仪器仪表学会网络与虚拟仪器分会理事、中国机械工程学会设备与 维修分会常务理事、中国农机学会基础技术分会名誉主任、中国农机 化协会农机鉴定分会委员、北京农业工程学会理事、北京市顺义区政 府顾问、农业部农机化科技创新战略咨询组专家、"科创中国"国家 农机装备服务团专家、美国农业与生物工程学会会员、《智慧农业》 和《国外电子测量技术》等杂志编委。王先生先后就读于北京农业机 械化学院和北京农业工程大学，获颁工学学士和工学硕士学位，从事 智能农业装备教学和科学研究四十余年，主持完成国家和省部级及企 1 业多个研究项目，曾荣获"全国十佳农机教师"称号。 第一拖拉机股份 ...

第一拖拉机股份有限公司 第九届监事会第十六次会议决议公告 本公司监事会及全体监事保证本公告内容不存在虚假记载、误导性陈述或 者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 证券代码：601038 证券简称：一拖股份 公告编号：临 2025－12 一、监事会会议召开情况 第一拖拉机股份有限公司（以下简称公司）第九届监事会第十六次会议（以 下简称本次会议）于 2025 年 3 月 27 日在河南省洛阳市建设路 154 号公司营业 地以现场表决方式召开。会议通知已于 2025 年 3 月 14 日通过电子邮件方式发送 给各位监事。本次会议应出席监事 5 名，实际出席监事 5 名。会议由监事会主席 杨郁先生主持。本次会议召开符合有关法律法规和公司《章程》《监事会议事规 则》等规定。 二、监事会会议审议情况 （一）《公司 2024 年度监事会工作报告》 表决结果：5 票同意，0 票弃权，0 票反对。 该报告尚需提交公司股东会审议批准。 （二）《公司 2024 年度经审计财务报告》 监事会认为：公司 2024 年度经审计财务报告客观、公允地反映了公司的财 务状况和经营成果。 表决结果：5 票同意，0 ...

Financial Performance - Total revenue for 2024 reached ¥11,904,370,911.94, an increase of 3.21% compared to ¥11,533,786,779.44 in 2023[21] - Net profit attributable to shareholders decreased by 7.52% to ¥922,023,211.45 from ¥997,022,699.99 in 2023[21] - Basic earnings per share for 2024 was ¥0.8206, down 7.52% from ¥0.8873 in 2023[22] - The company's total assets increased by 6.33% to ¥14,691,335,709.97 in 2024 from ¥13,817,261,971.79 in 2023[21] - Net cash flow from operating activities rose by 15.13% to ¥1,216,115,552.21 in 2024 compared to ¥1,056,261,600.78 in 2023[21] - The weighted average return on equity decreased to 13.22% in 2024 from 15.76% in 2023, a decline of 2.54 percentage points[22] - The company's net assets attributable to shareholders increased by 8.43% to ¥7,255,707,334.12 in 2024 from ¥6,691,690,666.55 in 2023[21] - The total liabilities of the company were ¥6,913,064,048.45 in 2024, up from ¥6,597,932,308.41 in 2023[33] - Non-recurring gains and losses amounted to ¥55,146,131.09 in 2024, compared to ¥71,137,510.83 in 2023[27] - The company reported a significant increase in cash flow from operating activities in the first three quarters of 2024, with the third quarter showing a net cash flow of ¥830,164,297.98[24] Dividend and Shareholder Information - The company plans to distribute a cash dividend of RMB 2.995 per 10 shares, totaling RMB 336.53 million, based on a total share capital of 1,123,645,275 shares as of December 31, 2024[4] - The cash dividend represents 36.50% of the net profit attributable to ordinary shareholders in the consolidated financial statements[140] - The cumulative cash dividend amount over the last three accounting years is RMB 949.03 million[142] - The average net profit over the last three accounting years is RMB 866.70 million, with a cash dividend ratio of 109.50%[143] Corporate Governance and Compliance - The company emphasizes strict compliance with corporate governance regulations, ensuring effective decision-making and supervision to protect shareholder interests[103] - The company has adopted the corporate governance code and ensured compliance with all relevant regulations[152] - The company has implemented risk identification and assessment processes to mitigate various risks effectively[144] - The internal control system was evaluated as effective as of December 31, 2024, with no significant deficiencies identified in financial reporting controls[144] - The company has established specialized committees, including the Audit Committee, Nomination Committee, Compensation Committee, and Strategic Investment and Sustainable Development Committee, with independent directors serving as chairs[123] Operational Highlights - The company is focused on expanding its agricultural machinery business, particularly in the tractor segment, which includes various models and components[12] - The company sold 743,000 large and medium-sized tractors in 2024, representing a year-on-year growth of 2.73%[38] - The company exported 7,100 tractors in 2024, an increase of 8.23% year-on-year[39] - The company completed the development of new products for hillside and mountainous tractors, achieving the first batch market application in China for 50-80 horsepower models[37] - The company’s diesel engine products sold 145,900 units in 2024, with external sales of 77,600 units, a year-on-year decline of 5.98%[38] Research and Development - Research and development expenses rose to approximately CNY 516.38 million, marking an 11.93% increase compared to the previous year[56] - The number of R&D personnel is 1,124, representing 16.24% of the total workforce[73] - The company is focusing on high-end agricultural machinery development, including new platform tractors and intelligent driving technologies[53] - The company plans to increase R&D investment to develop products tailored for hilly and mountainous regions, addressing the specific needs of these areas[94] Environmental and Social Responsibility - The company invested 61.82 million yuan in environmental protection during the reporting period[154] - The company has established a mechanism for environmental protection and compliance with relevant regulations[153] - The company has reduced carbon emissions by 1,604 tons through measures such as using clean energy and promoting carbon reduction technologies in production[162] - The company invested a total of 303,600 yuan in poverty alleviation and rural revitalization projects, benefiting 3,295 individuals[163] Market Expansion and Strategy - The company is actively expanding its overseas market presence, leveraging international engineering resources to develop tailored products for different regional needs[39] - The company is exploring strategic acquisitions to enhance its service offerings and market reach[177] - The company plans to enhance its digital transformation efforts, with an investment of 50 million yuan in digital tools and platforms[111] - The company is investing 100 million yuan in R&D for new technologies aimed at improving production efficiency by 15%[111] Related Party Transactions - The company is involved in multiple related party transactions, with details published in various announcements on the Shanghai Stock Exchange[178] - The company’s related party transactions are in accordance with the relevant regulations and have not reached the disclosure threshold[183] - The expected transaction amount for related party transactions in 2024 is projected to be 600 million RMB, with an actual amount of 261 million RMB recorded, representing 15.42% of similar transactions[180] Management and Leadership - The company has a structured process for determining executive compensation, which includes performance assessments and board approvals[116] - The company’s senior management team includes experienced professionals with backgrounds in production, management, and finance, enhancing operational efficiency[116] - The company has undergone changes in its board of directors, with new appointments including Zhao Weilin as chairman and Yang Jianhui as a director due to work requirements[117]

法律意见书 北京市中伦律师事务所 关于第一拖拉机股份有限公司 2025 年第一次临时股东会的 法律意见书 致：第一拖拉机股份有限公司 根据《中华人民共和国公司法》（以下简称"《公司法》"）、《中华人民共 和国证券法》《上市公司股东大会规则》（以下简称"《股东大会规则》"）等法 律、法规、规章和规范性文件以及《第一拖拉机股份有限公司章程》（以下简称 "《公司章程》"）的规定，北京市中伦律师事务所（以下简称"本所"）作为 第一拖拉机股份有限公司（以下简称"公司"）的常年法律顾问，指派律师出席 公司 2025 年第一次临时股东会（以下简称"本次股东会"），并依法出具本法律 意见书。 本法律意见书仅就本次股东会的召集和召开程序是否符合法律、行政法规及 《公司章程》的规定，以及出席本次股东会人员的资格、召集人资格、会议表决 程序及表决结果是否合法有效发表意见，而不对本次股东会所审议的议案内容以 及该等议案所表述的相关事实或数据的真实性、准确性或合法性发表意见。本次 股东会通过网络投票系统进行投票的股东资格由网络投票系统提供机构验证其 身份；本次股东会的 H 股股东及股东代理人的资格由香港证券登记有限公司协助 公司予以认 ...