First Tractor Co Ltd Net Asset Quality Index
First Tractor Co Ltd net asset quality index. First Tractor Co Ltd (601038) has a Net Asset Quality Index of 55.9% as of December 2025. This metric measures the proportion of total assets financed by shareholders' equity — total assets of CN¥15.10 Billion minus total liabilities of CN¥6.66 Billion yields net assets of CN¥8.44 Billion. A higher index indicates a stronger, lower-leverage balance sheet. Check earnings quality score of First Tractor Co Ltd to evaluate the quality of earnings relative to operating cash generation.
Quality Index
Net Assets
Total Assets
Total Liabilities
Net Asset Quality Index of First Tractor Co Ltd (2004–2025)
Net asset quality index of First Tractor Co Ltd from 2004 to 2025. This chart shows how First Tractor Co Ltd's Net Asset Quality Index has evolved across 22 annual periods from 2004 to 2025. As of December 2025, the index stands at 55.9%, representing net assets of CN¥8.44 Billion against total assets of CN¥15.10 Billion CNY. See shareholders equity of First Tractor Co Ltd for net asset value and shareholders' equity analysis.
First Tractor Co Ltd Net Asset Quality Index by Year (2004–2025)
First Tractor Co Ltd net asset quality index by year from 2004 to 2025. The table below presents the year-by-year Net Asset Quality Index for First Tractor Co Ltd from 2004 to 2025, covering 22 annual filings. Each row shows total assets, total liabilities, net assets, the quality index percentage, and the change in percentage points compared to the prior year. For live market cap and overall valuation, see 601038 stock market capitalisation.
| Year | Quality Index | Net Assets (CNY) | Total Assets | Total Liabilities | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 55.9% | CN¥8.44 Billion | CN¥15.10 Billion | CN¥6.66 Billion | ▲ +2.9 pp |
| 2024 | 52.9% | CN¥7.78 Billion | CN¥14.69 Billion | CN¥6.91 Billion | ▲ +0.7 pp |
| 2023 | 52.2% | CN¥7.22 Billion | CN¥13.82 Billion | CN¥6.60 Billion | ▲ +2.2 pp |
| 2022 | 50.0% | CN¥6.50 Billion | CN¥12.99 Billion | CN¥6.49 Billion | ▲ +1.6 pp |
| 2021 | 48.5% | CN¥5.98 Billion | CN¥12.34 Billion | CN¥6.36 Billion | ▲ +8.2 pp |
| 2020 | 40.3% | CN¥4.98 Billion | CN¥12.34 Billion | CN¥7.37 Billion | ▼ -0.8 pp |
| 2019 | 41.1% | CN¥4.78 Billion | CN¥11.63 Billion | CN¥6.85 Billion | ▲ +5.7 pp |
| 2018 | 35.4% | CN¥4.66 Billion | CN¥13.14 Billion | CN¥8.48 Billion | ▼ -3.1 pp |
| 2017 | 38.6% | CN¥5.44 Billion | CN¥14.10 Billion | CN¥8.66 Billion | ▼ -3.1 pp |
| 2016 | 41.7% | CN¥5.50 Billion | CN¥13.21 Billion | CN¥7.71 Billion | ▲ +1.0 pp |
| 2015 | 40.7% | CN¥5.40 Billion | CN¥13.27 Billion | CN¥7.87 Billion | ▼ -2.4 pp |
| 2014 | 43.1% | CN¥5.32 Billion | CN¥12.36 Billion | CN¥7.03 Billion | ▼ -1.7 pp |
| 2013 | 44.8% | CN¥5.23 Billion | CN¥11.67 Billion | CN¥6.44 Billion | ▼ -0.8 pp |
| 2012 | 45.6% | CN¥4.89 Billion | CN¥10.73 Billion | CN¥5.84 Billion | ▲ +4.4 pp |
| 2011 | 41.2% | CN¥3.78 Billion | CN¥9.17 Billion | CN¥5.39 Billion | ▼ -1.3 pp |
| 2010 | 42.5% | CN¥3.54 Billion | CN¥8.34 Billion | CN¥4.80 Billion | ▼ -8.4 pp |
| 2009 | 50.9% | CN¥3.07 Billion | CN¥6.04 Billion | CN¥2.97 Billion | ▲ +1.8 pp |
| 2008 | 49.0% | CN¥2.82 Billion | CN¥5.74 Billion | CN¥2.93 Billion | ▼ -1.6 pp |
| 2007 | 50.6% | CN¥2.78 Billion | CN¥5.49 Billion | CN¥2.71 Billion | ▲ +2.4 pp |
| 2006 | 48.2% | CN¥2.40 Billion | CN¥4.99 Billion | CN¥2.59 Billion | ▼ -9.3 pp |
| 2005 | 57.4% | CN¥2.19 Billion | CN¥3.82 Billion | CN¥1.63 Billion | ▼ -3.9 pp |
| 2004 | 61.3% | CN¥2.24 Billion | CN¥3.65 Billion | CN¥1.41 Billion | — |