First Tractor : 2022 FIRST QUARTERLY REPORT (in PDF)

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

2022 FIRST QUARTERLY REPORT

IMPORTANT NOTICE

The board of directors, board of supervisors of the Company and its directors, supervisors and senior management warrant that there are no false information, misleading statements or material omissions contained in the quarterly report, and severally and jointly accept legal responsibility for the truthfulness, accuracy and completeness of the contents herein.

Person in charge of the Company, person in charge of the accounting function and head of the Accounting Department (person in charge of the accounting) have warranted the truthfulness, accuracy and completeness of the information of the financial statements in this quarterly report.

The first quarterly financial statements have not been audited.

I.

DEFINITIONS
A Share	ordinary shares as approved by the CSRC which are
issued to domestic investors and qualified foreign
investors, traded on PRC stock exchanges, denominated,
subscribed for and traded in RMB
Company	First Tractor Company Limited* (ୋɓ׮זዚٰ΅Ϟࠢ
ʮ̡)
CSRC	China Securities Regulatory Commission
H Share	ordinary shares as approved by the CSRC which
are issued to foreign investors, and listed with the
approval of the Stock Exchange, denominated in RMB,
subscribed for and traded in Hong Kong dollars
SFC	Securities and Futures Commission of Hong Kong
Shanghai Stock	the Shanghai Stock Exchange
Exchange
SINOMACH Finance	SINOMACH Finance Co., Ltd. (਷ዚৌਕϞࠢப΂ʮ
̡), a controlled company of the de facto controller of
the Company
Stock Exchange	The Stock Exchange of Hong Kong Limited
YTO	YTO Group Corporation (ʕ਷ɓ׮ණྠϞࠢʮ̡), the
controlling shareholder of the Company
YTO Finance	China YTO Group Finance Company Limited (ʕ਷ɓ
׮ණྠৌਕϞࠢப΂ʮ̡), a controlled subsidiary of
the Company
- 2 -

II.

MAJOR FINANCIAL DATA

(I)Major accounting data and financial indicator

Unit: YuanCurrency: RMB

Increase/ Decrease for the Reporting

Item

Operating revenue

Net profit attributable to shareholders of the Company Net profit attributable to shareholders of the Company after deduction of non-recurring profit or loss

Net cash flows from operating activities

Basic earnings per share (Yuan/share) Diluted earnings per share (Yuan/share)

Weighted average return on net assets (%)

For the Reporting

Period

Period as compared to the corresponding period of the previous year

(%)

4,212,613,259.83 30.74

480,638,615.59 23.79

450,718,935.19 18.63

45,561,344.86 -76.51

0.4277 18.71

0.4277 18.71

Increased by 0.75

8.52 percentage point

Increase/ Decrease as at the end of the Reporting Period

As at the	As at the	as compared to
end of the	end of the	the end of the
Reporting Period	previous year	previous year
(%)
Total assets	14,443,026,542.33	12,339,594,556.58	17.05
Owners' equity attributable to shareholders of
the Company	5,877,999,551.65	5,402,078,873.33	8.81

(II) Non-recurring profit or loss items and amounts

Unit: Yuan Currency: RMB

Amount for

Item

the periodExplanation

Profit or loss from disposal of non-current assets Government grants credited to current profit or loss

159,562.86

(except for those which are closely related to the Company's ordinary business, in accordance with the PRC national policies and continuously received in certain standard amounts and quantities)

4,709,263.00

Gain or loss on changes in fair value of held-for trading financial assets, derivative financial assets, trading financial liabilities, derivative financial liabilities, and investment income from disposal of trading financial assets, derivative financial assets, trading financial liabilities, derivative financial liabilities and other debt investments, other than effective hedging activities related to normal business operations of the Company Non-operating income and expenses other than those stated above

-10,371.92 1,725,103.08

Other profit and loss items that meet the definition of 23,971,390.87 non-recurring profit or loss

Mainly due to the impacts of the disposal of subsidiaries

Less: Impact of income taxes	275,872.17
Effect of minority shareholders' interests (after
tax)	359,395.32
29,919,680.40

Total

There is no circumstance where the Company treated the non-recurring profit or loss items listed in the "Explanatory Announcement No. 1 on Information Disclosure by Public Issuers of Securities - Non-recurring Profit or Loss

Items" as recurring profit or loss items

(III) Changes in major accounting data, financial indicators and the reasons thereof

Items

Operating revenueNet cash flows from operating activities

III. INFORMATION OF SHAREHOLDERS

(I)Total number of shareholders of ordinary shares and shareholders of preference shares with restored voting rights and shareholdings of the top ten shareholders

Unit: share

Total number of shareholders of ordinary shares as at the end of the Reporting Period

Name of shareholders

YTO Group CorporationHKSCC NOMINEES LIMITED(Note 1)

48,349 holders	Including 48,024 holders	Total number of shareholders of preference
of A Shares and 325	shares with restored voting rights at the
holders of H shares	end of the Reporting Period (if any)

Hong Kong Securities Clearing Company

Limited(Note 2)

Shareholdings of the top ten shareholdersNature of shareholders

State-owned legal person Overseas legal person Overseas legal person

PercentagechangesMain reasons

(%)

-76.51

30.74

Year-on-year increase in the sales volume of major products of the Company and the year-on-year increase in the operating revenue during the Reporting Period Year-on-year increase in the cash outflows of YTO Finance generated from operating activities during the Reporting Period

Number of shares held

Number of Percentage of with sellingshares held shareholding

548,485,853 388,193,319

restriction

(%)

48.81 137,795,275

34.55

Shares pledged, marked or frozen Status of

shares

Nil

• 0 Unknown

  4,352,227

  0.39

• 0 Unknown

/

Number

0

/

/