Hong Kong Stock Movement | FIRST TRACTOR (00038) Surges Over 4% as Agricultural Machinery Exports Flourish in Q1

Stock News
10/22

FIRST TRACTOR (00038) has seen its stock rise by over 4%, currently up 4.05% at HKD 7.70, with a trading volume of HKD 24.8778 million. According to recent reports from agricultural machinery networks, customs statistics reveal that in September 2025, China's agricultural machinery exports amounted to HKD 4.50425 billion, marking a 30.7% increase year-on-year. From January to September, total exports reached HKD 50.44223 billion, reflecting a 40.1% rise compared to the previous year. Notably, in September, 15,556 tractors were exported, a 30.2% increase from the same month last year, with an export value of HKD 771.34 million, up 51.2%. Cumulatively, from January to September, 135,702 tractors were exported, an increase of 20.2%, with total export value standing at HKD 6.65489 billion, up 33.4%. In the first half of 2025, FIRST TRACTOR sold 42,800 tractor units, including 5,445 units overseas, representing a year-on-year growth of 29.37%. It is worth mentioning that the company has established five major sales regions focused on Central Asia, Southeast Asia, the Americas, Central and Eastern Europe, and Africa. The African and Central and Eastern European markets exhibited outstanding performance, with sales growth exceeding 50%. This diversified overseas regional strategy has reduced reliance on any single market.

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