更換H股股份過戶登記處 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何 部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 第一拖拉機股份有限公司（「本公司」）董事會（「董事會」）謹此宣佈，自二零二五年九 月一日起，本公司之H股過戶登記處更換為： 香港中央證券登記有限公司（「香港中央證券」） 香港 灣仔 皇后大道東183號 合和中心17樓 1712-1716號舖 電話號碼： (852) 2862 8555 傳真號碼： (852) 2865 0990 由二零二五年九月一日起，本公司的股份過戶及登記手續申請此後應遞交至香港中 央證券辦理。 承董事會命 第一拖拉機股份有限公司 公司秘書 于麗娜 中國 • 洛陽 二零二五年八月十五日 於本公告日期，董事會成員包括執行董事趙維林先生（董事長）及魏濤先生；非執行 董事方憲法先生、楊建輝先生及苗雨先生；以及獨立非執行董事王書茂先生、徐立 友先生及黃綺汶女士。 ...

致：香港交易及結算所有限公司 FF301 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年7月31日 狀態: 新提交 公司名稱: 第一拖拉机股份有限公司 呈交日期: 2025年8月5日 I. 法定/註冊股本變動 1. 股份分類 普通股 股份類別 H 於香港聯交所上市 (註1) 是 證券代號 (如上市) 00038 說明 法定/註冊股份數目 面值 法定/註冊股本 上月底結存 391,940,000 RMB 1 RMB 391,940,000 增加 / 減少 (-) RMB 本月底結存 391,940,000 RMB 1 RMB 391,940,000 | 2. 股份分類 | 普通股 | 股份類別 | A | | 於香港聯交所上市 (註1) | | 否 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 601038 | 說明 | | 於上海證券交易所 （「上交所」）上市之A股 | | | | | | | | 法定/註冊股份數目 | | 面值 | | | 法定/註 ...

格隆汇7月31日丨一拖股份(601038.SH)在投资者互动平台表示，公司主导产品为农业机械、动力机械及 相关配套的零部件产品，公司不生产工程机械，未参与西藏地区的工程机械配套供应计划。 ...

Group 1 - The core viewpoint of the news is the performance of the CSI Land Reform Agricultural Theme Index, which has shown significant growth over the past month, three months, and year-to-date [1] - The CSI Land Reform Agricultural Theme Index has increased by 8.68% in the last month, 7.69% in the last three months, and 3.61% year-to-date [1] - The index reflects the overall performance of listed companies benefiting from agricultural land reform, including sectors such as agricultural land transfer, urban industrial land utilization, agricultural machinery, and water-saving irrigation [1] Group 2 - The top ten weighted companies in the CSI Land Reform Agricultural Theme Index include Shibei Gaoxin (9.87%), Luoniushan (8.15%), Jinyu Group (8.07%), and others [1] - The index's holdings are primarily concentrated in the Shenzhen Stock Exchange (59.62%) and the Shanghai Stock Exchange (40.38%) [1] - The industry composition of the index shows that consumer goods account for 37.68%, materials for 22.47%, and industrials for 22.16% [2] Group 3 - The index samples are adjusted biannually, with adjustments occurring on the next trading day after the second Friday of June and December [2] - Weight factors are generally fixed until the next scheduled adjustment, with special circumstances allowing for temporary adjustments [2] - Companies that are delisted or undergo mergers, acquisitions, or splits are handled according to specific calculation and maintenance guidelines [2]

Core Viewpoint - The company YTO Express (601038) is preparing to implement a stock repurchase plan for its H shares, contingent on regulatory approvals and market conditions [1][2]. Group 1: Stock Performance - As of July 8, 2025, YTO Express closed at 13.14 yuan, with a slight increase of 0.46% [1]. - The trading volume was 34,300 shares, resulting in a total transaction value of 45.0281 million yuan [1]. Group 2: Stock Repurchase Plan - The company is in the process of obtaining necessary foreign exchange management approvals for the H share repurchase [1]. - The repurchase will be executed based on the authorization from the shareholders' meeting and relevant regulatory requirements, considering market conditions and stock price fluctuations [1]. - YTO Express has developed a plan for H share repurchase and will implement it at an opportune time [1]. Group 3: Market Sentiment and Fund Flow - On July 8, the main funds experienced a net outflow of 5.1077 million yuan, accounting for 11.34% of the total transaction value [2]. - Retail investors contributed a net inflow of 4.5048 million yuan, representing 10.0% of the total transaction value [2]. - Speculative funds saw a net inflow of 602,900 yuan, making up 1.34% of the total transaction value [2].

证券代码：601038 证券简称：一拖股份 公告编号：临 2025-32 第一拖拉机股份有限公司 关于副总经理辞职的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、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。 第一拖拉机股份有限公司（以下简称公司）董事会于近日收到薛文璞先生 提交的书面辞职报告，薛文璞先生因工作调整申请辞去公司副总经理职务。 薛文璞先生原定任期届满日为 2025 年 4 月 12 日，由于公司延期换届，薛 文璞先生副总经理任期相应顺延。 二、离任对公司的影响 薛文璞先生的辞职报告自送达董事会之日起生效，其离任不会影响公司日 常经营活动的开展。薛文璞先生确认与公司董事会无任何意见分歧，且无任何 需要通知公司股东的其他事项。 薛文璞先生已按照公司相关规定做好工作交接，公司董事会对薛文璞先生 在任职期间所做出的贡献表示衷心感谢。 特此公告。 第一拖拉机股份有限公司董事会 2025 年 7 月 1 日 姓名 离任职务 离任时间 原定任期 到期日 离任原因 是否继续在上 市公司及其控 股子公司任职 是否存在未 履行完毕的 公开承诺 薛文璞 副总经理 20 ...

Summary of the Conference Call for Yituo Co., Ltd. Company Overview - The conference call pertains to Yituo Co., Ltd., a company in the agricultural machinery industry, specifically focusing on tractor sales and related products. Key Points and Arguments Sales Performance - In 2024, Yituo's large agricultural tractor sales increased by 2.7% year-on-year to 74,430 units, but sales in April and May 2025 saw a significant decline of nearly 20% due to overall weak industry demand [2][3] - The company achieved revenue of 11.9 billion yuan and a net profit of 920 million yuan in 2024, with Q1 2025 revenue at 4.5 billion yuan and net profit at 529 million yuan [3] Product Development and Market Trends - The company has increased its focus on developing power-shift products, with their share in tractor products around 20%, while power-shift sales account for less than 5% [2][8] - The market share of large horsepower tractors is expected to gradually increase, but the medium horsepower tractor market will still have demand due to China's complex operational environment [10] Pricing and Promotions - Despite good promotion of new products, the overall industry downturn led to price stability, with average prices remaining similar to the previous year due to discount promotions [6][2] Export Strategy - The company aims to focus on exports, with expected overseas revenue of approximately 900 million yuan in 2025, despite a decline in the Russian market [4][19] - The overseas market grew over 20% in Q1 2025, primarily driven by regions outside Russia [15] Inventory Management - Dealer inventories have returned to normal levels, approximately three months' worth, following promotional efforts [4][26] Future Outlook - The agricultural machinery industry is currently in a low growth phase, but government support for agricultural machinery development and food security remains strong [27] - The company does not have specific targets for the next two to three years but anticipates exporting 8,500 to 9,000 units in 2025, with corresponding revenue around 900 million yuan [19] Capital Expenditure Plans - Yituo plans to maintain fixed capital expenditures at around 500 million yuan annually, focusing on high-end intelligent tractor assembly lines and heavy-duty diesel engine production lines [24] Aftermarket Services - The company currently relies on dealers for after-sales service and has no immediate plans to directly enter the aftermarket [4][17] New Product Focus - Future product development will concentrate on high-end intelligent products, including large horsepower tractors and upgrades to existing products to meet rising quality and comfort demands [23][21] Market Conditions - The company is cautious about predicting a market turnaround, emphasizing the need to observe the summer grain harvest and pricing trends in the second half of 2025 [22] Additional Important Information - The company is exploring the integration of other agricultural machinery businesses into the listed company platform but faces challenges due to profitability issues [20] - The development of CVT (continuously variable transmission) technology is ongoing, primarily targeting large state-owned farms, but widespread adoption remains challenging [14]

Group 1 - The board of directors of Yituo Co., Ltd. held its 36th meeting on June 20, 2025, with 8 directors present, complying with relevant regulations [1] - The board approved an investment of RMB 159.2 million for the technical transformation project of the heavy-duty engine production line at Yituo (Luoyang) Diesel Engine Co., Ltd., with a construction period of 1 year [1] - The board also approved an investment of RMB 73.5 million for the technical transformation project of the coating line, with a construction period of 18 months [2] Group 2 - The board unanimously agreed on the proposal to establish the "Overseas Commission Management Measures" [2]

Core Points - The company announced a cash dividend of RMB 0.2995 per share (including tax) for A-share shareholders [1][2] - The total cash dividend distribution amounts to RMB 336,531,759.86 (including tax) based on a total share capital of 1,123,645,275 shares [2] - The relevant dates for the dividend distribution are: - Record date: June 24, 2025 - Ex-dividend date: June 25, 2025 - Dividend payment date: June 25, 2025 [2] Dividend Distribution Details - The cash dividend will be distributed to all A-share shareholders registered with China Securities Depository and Clearing Corporation Limited, Shanghai Branch as of the record date [2] - For A-share shareholders who have not completed designated trading, the dividends will be held by China Securities Depository and Clearing Corporation Limited until they complete the designated trading [2] - H-share shareholders are not included in this announcement and will receive dividends as per a separate announcement on the Hong Kong Stock Exchange [2] Taxation Information - Individual A-share shareholders and securities investment funds are temporarily exempt from personal income tax, resulting in an actual cash dividend of RMB 0.2995 per share [3] - For shares held for less than one month, the actual tax burden is RMB 0.26955 per share [3] - Qualified Foreign Institutional Investors (QFII) will have a 10% withholding tax applied, resulting in an actual cash dividend of RMB 0.26955 per share [5]

Summary of the Conference Call for Yituo Co., Ltd. Industry Overview - The agricultural machinery market is expected to see increased demand due to the rebound in grain prices, particularly corn and soybean prices, which serve as leading indicators for agricultural machinery demand [2][8] - The crop rotation mechanism of major crops like corn and wheat directly influences agricultural machinery demand [2][6] Key Points and Arguments - **Grain Price Impact**: The rebound in grain prices is anticipated to positively affect agricultural machinery demand and, consequently, the company's performance [2][8] - **Inventory Management**: The company has successfully reduced inventory levels to near normal, resolving previous issues related to declining gross margins. This marks the end of the destocking cycle, laying a foundation for future performance growth [2][9] - **New Subsidy Policy**: The introduction of a new agricultural machinery purchase subsidy policy has enhanced the competitiveness of power-shift models. The company is adopting an aggressive pricing strategy to increase product penetration, which may temporarily reduce gross margins but is expected to significantly enhance competitiveness in the high-end agricultural machinery market in the long run [2][10] - **Stock Buyback Policy**: The recent stock buyback policy in Hong Kong is expected to boost investor confidence, optimize capital structure, and improve earnings per share, positively impacting the company's overall financial condition [2][11] - **Profit Margin Forecast**: For Q3 2025, the company anticipates a year-on-year profit margin increase of 2.5 to 3 percentage points, reaching over 30%, driven by larger horsepower sales in the North China Plain and the autumn harvest season [3][17] Additional Important Insights - **Future Earnings Outlook**: The company's future earnings are expected to improve due to rising grain prices, normalized inventory levels, and the new subsidy policy, which collectively will drive profitability growth [7][18] - **High-End Product Demand**: The trend towards high-end agricultural machinery is evident, with an increasing proportion of products over 200 horsepower contributing significantly to overall profits [5][17] - **Sales Data**: In early 2025, the production growth rates for large and medium tractors were 7.6% and -6.8%, respectively, indicating a mixed performance compared to the previous year [12] - **Subsidy Sales Fluctuations**: The subsidy sales data showed a decline of approximately 13.5% in early 2024, with a recovery to 66,850 units in early 2025, reflecting regional operational variations [13] - **Cost Management**: The company is expected to manage costs effectively, with a reduction in R&D expenses in Q4 2025 compared to the previous year, which should aid in mitigating losses [17][18] This summary encapsulates the key insights from the conference call, highlighting the company's strategic positioning within the agricultural machinery industry and its outlook for future performance.