First Tractor Company Limited operates within the Farm machinery and equipment sector.
In addition to historical fundamental analyses, the complete report available to purchase compares First Tractor Company Limited with three other
manufacturers of agricultural equipment in Asia:
TongYangMoolsan Co Ltd
of South Korea
sales of 589.91 billion Korean Won [US$495.52 million]
of which 88%
was Farm Machinery Segment),
(50.59 billion Indian Rupees [US$705.27 million]
of which 79%
was Agri-Machinery Products), and
Daedong Industrial Company Limited
based in South Korea
(654.76 billion Korean Won [US$550.00 million]
of which 82%
was Finished Goods).
During the year ended December of 2018, sales at
First Tractor Company Limited were 5.68 billion Chinese Renmimbi (US$804.62 million).
decrease of 22.8%
versus 2017, when the company's sales were 7.36 billion Chinese Renmimbi.
Contributing to the drop in overall sales was the 58.2% decline
in Other Machinery, from 26.88 million Chinese Renmimbi to 11.25 million Chinese Renmimbi.
There were also decreases in sales in
Agricultural Machinery (down 22.6% to 5.09 billion Chinese Renmimbi)
Power Supply Machinery (down 27.7% to 1.30 billion Chinese Renmimbi)
However, these declines were partially offset by the increase in sales of
Finance (up 6.1% to 185.43 million Chinese Renmimbi)