First Tractor Company Limited provided earnings guidance for the year ended 31 December 2023. For the year, the company expects to record a net profit of RMB 920 million to RMB 1,020 million attributable to owners of the parent company for the year 2023, representing an increase of RMB 239 million to RMB 339 million as compared with the corresponding period last year, or a year-on-year increase of 35.09% to 49.77%. It is expected that the net profit attributable to the owners of the parent company after deducting non-recurring profit or loss is to be RMB 836 million to RMB 936 million for the year 2023, representing an increase of RMB 65 million to RMB 165 million as compared with the corresponding period last year, or a year-on-year increase of 8.37% to 21.33%.
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