FIRST TRACTOR(SH:601038) Chan Ye Xin Xi Wang·2025-12-22 03:16Core Viewpoint - The report by Zhiyan Consulting highlights a decline in the production of large tractors in China, indicating a potential downturn in the industry from 2025 onwards [1] Group 1: Industry Overview - In October 2025, the production of large tractors in China was recorded at 0.7 thousand units, representing a year-on-year decrease of 3.6% [1] - From January to October 2025, the cumulative production of large tractors reached 9.7 thousand units, showing a cumulative decline of 2% compared to the previous year [1] Group 2: Market Analysis - The report provides a comprehensive analysis of the market demand for the tractor industry in China from 2026 to 2032, suggesting a need for strategic investment planning [1] - Zhiyan Consulting is recognized as a leading industry consulting firm in China, specializing in in-depth industry research and providing tailored consulting services [1]