Core Viewpoint - The company recognizes the development opportunities in the smart agriculture sector and aims to leverage its comprehensive advantages in agricultural machinery and technology to transition from providing equipment products to offering complete solutions and smart agricultural management plans [2] Group 1 - The company plans to utilize its "Dongfanghong" brand advantage, mature manufacturing system, and market network to explore new business models in smart agriculture [2] - The transition strategy includes moving towards providing integrated solutions rather than just equipment [2]

Core Viewpoint - The company, Yituo Co., Ltd. (601038), has not yet ventured into the snow removal equipment business and remains focused on strengthening its agricultural machinery sector through technological innovation and market expansion [1]. Group 1 - The company emphasizes its strategic focus on enhancing and optimizing agricultural machinery equipment [1]. - The current strategy involves concentrating on core responsibilities and business areas to solidify competitive advantages and profitability [1]. - The company aims to achieve high-quality and sustainable development through its ongoing efforts [1].

Core Viewpoint - The company recognizes the promising development prospects of agricultural robots but currently has no plans for research and development in this area, focusing instead on its core business and technology upgrades [1] Group 1: Company Strategy - The company emphasizes its commitment to its main responsibilities and core business, accelerating the iteration and upgrade of smart agricultural machinery products [1] - The company will continue to closely follow the trends in the agricultural machinery industry and assess the feasibility and timing of entering new business areas, including agricultural robots [1] Group 2: Industry Context - The agricultural robot sector is seen as a forward-looking technological direction within the agricultural machinery field, but a mature model for large-scale application has not yet been established [1] - The company is aware of new technologies and directions in the industry and will evaluate potential strategic layouts and research plans in the future [1]

Core Viewpoint - The company stated that the impact of rising market prices for copper materials and rebar on production costs is limited, and it will not significantly affect profitability [1] Group 1: Cost Management Strategies - The company leverages its scale procurement advantages to mitigate the pressure from rising material prices through strategies such as price locking and phased purchasing [1] - The company is actively applying new technologies, processes, and materials to promote cost reduction [1] - By combining market-oriented procurement with refined cost management, the company aims to further strengthen its cost control foundation and achieve cost reduction and efficiency improvement [1]

Core Viewpoint - The company recognizes the promising development prospects of agricultural robots but currently has no plans for related research and development or deployment in this area [1] Group 1: Company Strategy - The company is focusing on its core business and accelerating the iteration and upgrade of smart agricultural machinery products while tackling key technologies [1] - The company aims to seize industry development opportunities while closely monitoring new technologies and directions, including agricultural robots [1] Group 2: Industry Context - The agricultural robot sector is seen as a forward-looking technological direction within the agricultural machinery field, but a mature model for large-scale application has not yet been established [1] - The company will carefully assess the feasibility and timing of entering new business areas related to agricultural robots in the future [1]

Group 1 - The core viewpoint of the news is that Yituo Co., Ltd. has experienced a decrease in both revenue and net profit for the first nine months of 2025, indicating potential challenges in its financial performance [2] - As of January 9, 2025, Yituo's stock price increased by 0.49%, with a trading volume of 148 million yuan, while the net financing buy was negative at 211.73 million yuan [1] - The financing balance of Yituo is 162 million yuan, which is 1.56% of its market capitalization, indicating a low level compared to the past year [1] Group 2 - For the period from January to September 2025, Yituo reported an operating income of 9.703 billion yuan, a year-on-year decrease of 9.63%, and a net profit attributable to shareholders of 994 million yuan, down 9.69% year-on-year [2] - The number of shareholders for Yituo decreased by 7.55% to 33,900, while the average circulating shares per person increased by 8.22% to 21,786 shares [2] - Yituo has distributed a total of 1.549 billion yuan in dividends since its A-share listing, with 1.026 billion yuan distributed in the last three years [2]

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。 控股股東權益變動的進展 茲提述第一拖拉機股份有限公司（「本公司」）日期為2023年12月22日有關控股股東權 益變動的公告（「該公告」）。除另有說明者外，本公告所用詞彙與該公告所界定者具 相同涵義。 本公司董事（「董事」）會（「董事會」）宣佈，本公司已獲中國一拖通知，由於股份轉讓 協議項下其中一項先決條件未能達成，中國一拖於2026年1月5日終止與洛陽工業控 股集團有限公司（原名洛陽國資公司）的股份轉讓協議及中國一拖減資協議（統稱「該 等協議」）。於本公告日期，中國一拖為本公司控股股東，持有本公司約548,485,853股 A股，相當於本公司已發行股份總數約48.81%。 本公司認為，終止該等協議將不會對本公司的業務及財務狀況產生任何重大影響。 承董事會命 第一拖拉機股份有限公司 公司秘書 劉斌 中國 • 洛陽 2026年1月5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 ...

证券代码：601038 证券简称：一拖股份 公告编号：临2026-01 第一拖拉机股份有限公司 权益变动的进展情况：公司于近日收到中国一拖通知，因《股份转让协 议》的先决条件无法成就，导致《减资协议》及《股份转让协议》无法履行，终 止上述股权置换及相关协议。 一、权益变动前期基本情况 关于控股股东权益变动的进展公告 本公司董事会、全体董事及相关股东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法律责 任。 重要内容提示： 权益变动的基本情况：第一拖拉机股份有限公司（以下简称公司）控股 股东中国一拖集团有限公司（以下称中国一拖）拟与其股东洛阳工业控股集团有 限公司（以下简称洛阳工控集团，曾用名洛阳市国资国有资产经营有限公司）实 施股权置换项目，为此，双方于 2023 年 12 月 22 日签署附生效条件的《中国一 拖集团有限公司减资协议》（以下称《减资协议》）及《第一拖拉机股份有限公司 股份转让协议》（以下称《股份转让协议》），约定中国一拖减资回购洛阳工控集 团持有的中国一拖全部 11.78%股权，并通过协议转让方式向洛阳工控集团转让 其持有的一拖股份 A 股 ...

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12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: 2026年1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 | ...

Core Viewpoint - YTO Group Corporation (一拖股份) is focusing on expanding its overseas business as a key strategic direction, aiming to build a world-class brand and accelerate its internationalization strategy [1] Group 1: Business Strategy - The company is implementing differentiated sales policies and product combinations tailored to the market demands of different countries and regions [1] - Goldman Sachs believes that YTO Group is well-positioned to capitalize on structural growth opportunities in the industry, particularly in the modernization of agriculture in China, as well as the long-term export potential [1] Group 2: International Market Development - Huazhong Securities highlights that YTO Group is enhancing its international market service capabilities, having dispatched service teams to countries like Nigeria and Tajikistan since 2025 for maintenance and technical training [1] - The company is recognized by overseas distributors for providing comprehensive one-stop technical services [1] - YTO Group is strengthening brand penetration through various channels such as overseas agricultural machinery exhibitions and field demonstration events, achieving significant results in countries like Ghana, Serbia, and Indonesia [1]