First Tractor Co Ltd

First Tractor has released its 2026 interim report. Total operating revenue was 7.886 billion yuan, up 13.84% year on year. Net profit attributable to the parent company was 782 million yuan, up 1.72% year on year. Net cash inflow from operating activities was 1.061 billion yuan, up 167.26% year on year. The company's asset-liability ratio was 49.17%, gross margin was 16.61%, return on equity was 9.52%, and diluted earnings per share was 0.70 yuan.

YTO Group released its 2026 half-year report. First-half net profit attributable to the parent was 782 million yuan, up 1.7% year on year. Operating revenue was 7.89 billion yuan, up 13.8% year on year. Net profit attributable to the parent excluding non-recurring items was 853 million yuan, up 23.4% year on year. Net operating cash flow was 1.061 billion yuan, up 167.3% year on year. Second-quarter operating revenue was 3.22 billion yuan, up 35.7% year on year, while net profit attributable to the parent was 220 million yuan, down 8.2% year on year. The company continued to focus on agricultural machinery and equipment manufacturing services, with tractor sales volume up 17.05% year on year.

First Tractor announced plans to distribute a cash dividend of 0.6962 yuan per 10 shares, before tax, to all shareholders. The total payout is expected to be 78.23 million yuan, representing 10 percent of net profit attributable to the parent company. In the first half of 2026, the company achieved revenue of 7.886 billion yuan and net profit attributable to the parent company of 782 million yuan.