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8月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 第一拖拉机股份有限公司 呈交日期: 2025年9月1日 I. 法定/註冊股本變動 II. 已發行股份及/或庫存股份變動 | 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 | | | | | | | | | | 已發行股份（不包括庫存股份）數目 | | | 庫存股份數目 | | 已發行股份總數 | | | 上月底結存 | | | | 391,940,000 | | 0 | | 391,940,000 | | 增加 / 減少 (-) | | | | | | | | | | 本月底結存 | | | | 391,940,000 | | 0 | | 391,940,000 | | 1. 股份分類 | 普通股 | 股份類 ...

Core Viewpoint - The recent financial report of Yituo Co., Ltd. (601038) indicates a decline in both revenue and net profit for the first half of 2025 compared to the previous year, raising concerns about the company's financial health and operational efficiency [1][3]. Financial Performance - Total revenue for the first half of 2025 was 6.928 billion yuan, a decrease of 11.26% year-on-year [1]. - Net profit attributable to shareholders was 769 million yuan, down 15.06% year-on-year [1]. - In Q2 2025, total revenue was 2.371 billion yuan, reflecting a significant decline of 24.74% year-on-year [1]. - Q2 net profit attributable to shareholders was 240 million yuan, a decrease of 21.71% year-on-year [1]. - The gross profit margin was 16.03%, down 4.49% year-on-year, while the net profit margin increased slightly to 12.02%, up 2.05% year-on-year [1]. Financial Ratios and Metrics - The company's accounts receivable accounted for 159.44% of the latest annual net profit, indicating a high level of receivables relative to profit [1][3]. - Total liabilities with interest increased by 35.54% to 298.6 million yuan [1]. - The company's cash flow per share was 0.35 yuan, a significant decrease of 56.6% year-on-year [1]. Investment and Market Position - The company's return on invested capital (ROIC) was 11.49%, indicating average capital returns, with a historical median ROIC of 3.2% over the past decade [3]. - The company has a healthy cash asset position, but the cash flow situation is a concern, with cash assets covering only 62.87% of current liabilities [3]. - The company has established key export regions, including Russian-speaking areas, South America, Southeast Asia, Central and Eastern Europe, and Africa, with a 22% year-on-year increase in export sales in Q1 2025 [4].

Section 1: Core Viewpoint - The company has approved a profit distribution plan for the mid-term of 2025, proposing a cash dividend of 0.6844 yuan per 10 shares to all shareholders, based on the total share capital as of the dividend record date [1]. Section 2: Company Overview - The company is identified as First Tractor Company Limited, with the stock code 601038 and the abbreviation "Yituo Shares" [3]. - The company has not undergone any changes in its controlling shareholder or actual controller during the reporting period [2]. Section 3: Important Matters - The company has decided to cancel its supervisory board and amend its articles of association and related corporate governance systems to enhance governance, with the supervisory board's functions being transferred to the audit committee of the board of directors [3][4].

Core Viewpoint - First Tractor Company (00038) experienced an over 8% increase in stock price, reaching 7.51 HKD, with a trading volume of 68.274 million HKD, following the release of its mid-year performance for 2025 [1] Financial Performance - The company reported total revenue of 6.928 billion RMB, a year-on-year decrease of 11.26% [1] - The net profit attributable to shareholders was 769 million RMB, down 15.06% year-on-year [1] Sales Performance - In the first half of the year, the company sold 42,800 tractor units, with overseas sales reaching 5,445 units, marking a year-on-year increase of 29.37% [1] - The African and Central and Eastern European markets showed significant growth, with sales increasing by over 50% [1] Market Outlook - Guojin Securities commented that the company's second-quarter revenue and profit met expectations, and the gross profit margin has stabilized [1] - The company achieved a higher export growth rate than the domestic industry average in the first half of the year, indicating a positive outlook for its overseas business expansion [1]

Core Viewpoint - First Tractor Company (00038) experienced an over 8% increase in stock price, reaching HKD 7.51, with a trading volume of HKD 68.274 million following the release of its 2025 interim results [1] Financial Performance - The company reported total revenue of RMB 6.928 billion, a year-on-year decrease of 11.26% [1] - The net profit attributable to shareholders was RMB 769 million, down 15.06% year-on-year [1] Sales Performance - In the first half of the year, the company sold 42,800 tractor units, with overseas sales reaching 5,445 units, marking a year-on-year increase of 29.37% [1] - The African and Central and Eastern European markets showed significant growth, with sales increasing by over 50% [1] Market Outlook - Guojin Securities commented that the company's second-quarter revenue and profit met expectations, and the gross profit margin has stabilized [1] - The company achieved a higher export growth rate than the domestic industry average in the first half of the year, indicating a positive outlook for its overseas business expansion [1]

| 序号 | 股东名称 | 持股 | | --- | --- | --- | | l | 中国一拖集团有限公司 | 48.8 | | 2 | 香港中央结算有限公司 | 0.33 | | ന | 招商银行股份有限公司-南方中证1000交易型开放式指数证券投资基金 | 0.18 | | ব | 招商银行股份有限公司-华夏中证1000交易型开放式指数证券投资基金 | 0.11 | | 5 | 中国人寿再保险有限责任公司 | 0.09 | | 6 | 中国工商银行股份有限公司-广发中证1000交易型开放式指数证券投资基金 | 0.09 | | 7 | 邓淑华 | 0.08 | | 8 | 走X ■ | 0.08 | | g | 张敬兵 | 0.08 | 公司最新毛利率为16.03%，在已披露的同业公司中排名第153，较上季度毛利率增加0.12个百分点，实现2个季度连续上涨，较去年同期毛利率减少0.98个百 分点。最新ROE为10.00%，在已披露的同业公司中排名第12，较去年同期ROE减少2.51个百分点。 公司摊薄每股收益为0.68元，在已披露的同业公司中排名第18，较去年同报告期摊薄每股收益减少0.12元，同比较 ...

Core Insights - The company reported a revenue of RMB 6.928 billion for the first half of 2025, representing a year-on-year decrease of 11.26% [1] - The net profit attributable to shareholders was RMB 769 million, down 15.06% year-on-year, with earnings per share at RMB 0.6844 [1] - The decline in revenue and net profit was attributed to weak market demand, prompting the company to adapt by launching smart agricultural machinery and enhancing product research and development [1] Revenue and Profit Performance - Revenue for the first half of 2025 was RMB 6.928 billion, a decrease of 11.26% compared to the previous year [1] - Net profit attributable to shareholders was RMB 769 million, reflecting a 15.06% decline year-on-year [1] - Earnings per share stood at RMB 0.6844 [1] Market and Sales Dynamics - The company sold 42,800 tractor units in the first half of 2025, with overseas sales reaching 5,445 units, marking a 29.37% increase [1] - Notable sales growth was observed in the African and Central and Eastern European markets, with sales increasing by over 50% [1] - The company has established five major sales regions: Central Asia, Southeast Asia, the Americas, Central and Eastern Europe, and Africa, which helps reduce reliance on a single market and supports future export growth [1]

EF001 | 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 | | | --- | --- | | 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。 | | | 股票發行人現金股息公告 | | | 發行人名稱 | 第一拖拉机股份有限公司 | | 股份代號 | 00038 | | 多櫃檯股份代號及貨幣 | 不適用 | | 相關股份代號及名稱 | 不適用 | | 公告標題 | 2025年中期分紅方案的公告 | | 公告日期 | 2025年8月28日 | | 公告狀態 | 新公告 | | 股息信息 | | | 股息類型 | 中期（半年期） | | 股息性質 | 普通股息 | | 財政年末 | 2025年6月30日 | | 宣派股息的報告期末 | 2025年6月30日 | | 宣派股息 | 每 股 0.06844 RMB | | 股東批准日期 | 不適用 | | 香港過戶登記處相關信息 | | | 派息金額及公司預設派發貨幣 | HKD， 金額有待公佈 | | 匯率 | 有待公佈 | | 除淨日 | 有待公 ...

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。 海外監管公告 本公告乃根據香港聯合交易所有限公司證券上市規則第13.10B條而作出。 茲載列第一拖拉機股份有限公司於上海證券交易所網站(www.sse.com.cn)所刊發的 公告，僅供參考。 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 2025年8月28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薛立品先生、 王書茂先生、徐立友先生及黃綺汶女士。 第二条 本制度中所称内幕信息知情人登记管理是指涉及有关公司内幕信息时， 对知悉该信息知情人士进行的登记管理工作，包括对内幕信息知情人的确定、登记、 报备及交易情况自查等。 第三条 公司内幕信息知情人登记管理工作由董事会统一领导和管理，董事长 为主要责任人。公司董事会保证内幕信息知情人档案真实、准确和完整。 第四条 董事会秘书为公司内幕信息监管 ...

海外監管公告 本公告乃根據香港聯合交易所有限公司證券上市規則第13.10B條而作出。 茲載列第一拖拉機股份有限公司於上海證券交易所網站(www.sse.com.cn)所刊發的 公告，僅供參考。 承董事會命 第一拖拉機股份有限公司 公司秘書 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。 于麗娜 中國 • 洛陽 2025年8月28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薛立品先生、 王書茂先生、徐立友先生及黃綺汶女士。 * 僅供識別 第一拖拉机股份有限公司投资者关系管理制度 （经二零二五年八月二十八日第九届董事会第三十八次会议批准修订） 第一章 总 则 第一条 为规范第一拖拉机股份有限公司（以下简称"公司"）投资者关系管理 工作，加强公司与投资者之间的有效沟通，增进投资者对公司的了解与认同，促进 公司完善治理，提高公司质量，切实保护投资者特别是中小投资者合法 ...