First Tractor Co Ltd (601038) - Total Assets

Latest as of December 2025: CN¥15.10 Billion CNY ≈ $2.21 Billion USD

Based on the latest financial reports, First Tractor Co Ltd (601038) holds total assets worth CN¥15.10 Billion CNY (≈ $2.21 Billion USD) as of December 2025. Total assets represent everything the company owns and controls, combining both current assets—like cash and cash equivalents, accounts receivable, and inventories—and non-current assets such as property, plant, equipment (PP&E), intangible assets, and long-term investments.

First Tractor Co Ltd - Total Assets Trend (2004–2025)

This chart illustrates how First Tractor Co Ltd's total assets have evolved over time, based on quarterly financial data. Also see market value of First Tractor Co Ltd for the company's overall valuation and market capitalisation.

First Tractor Co Ltd - Asset Composition Analysis

Current Asset Composition (December 2025)

First Tractor Co Ltd's total assets of CN¥15.10 Billion consist of 54.6% current assets and 45.4% non-current assets. Review First Tractor Co Ltd balance sheet liabilities to assess the company's total debt and financial obligations.

Asset Category	Amount (CNY)	% of Total Assets
Cash & Equivalents	CN¥0.00	12.7%
Accounts Receivable	CN¥632.88 Million	4.2%
Inventory	CN¥1.15 Billion	7.6%
Property, Plant & Equipment	CN¥0.00	0.0%
Intangible Assets	CN¥633.03 Million	4.2%
Goodwill	CN¥0.00	0.0%

Asset Composition Trend (2004–2025)

This chart illustrates how First Tractor Co Ltd's asset composition has evolved over time. Understanding changes in asset allocation can provide insights into the company's strategic shifts, capital allocation priorities, and business focus evolution. See latest First Tractor Co Ltd stock price today for real-time trading data and today's change.

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Key Asset Composition Facts

Current vs. Non-Current Assets: First Tractor Co Ltd's current assets represent 54.6% of total assets in 2025, a decrease from 64.3% in 2004.
Cash Position: Cash and equivalents constituted 12.7% of total assets in 2025, up from 10.9% in 2004.
Tangible vs. Intangible: Intangible assets (including goodwill) make up 4.0% of total assets, an increase from 0.0% in 2004.
Asset Diversification: The largest asset category is inventory at 7.6% of total assets.

First Tractor Co Ltd Competitors by Total Assets

Key competitors of First Tractor Co Ltd based on total assets are shown below.

Company	Country	Total Assets
Sinotruk Jinan Truck Co Ltd SHE:000951	China	CN¥56.19 Billion
Zhengzhou Coal Mining Machinery Group Co Ltd SHG:601717	China	CN¥47.96 Billion
Lonking Holdings Limited F:C9IB	Germany	€16.92 Billion
Daedong Ind KO:000490	Korea	₩2.37 Trillion
DY Power Corp KO:210540	Korea	₩371.37 Billion
Kesla Oyj A HE:KELAS	Finland	€29.72 Million
Agrometal S.A.I. BA:AGRO	Argentina	AR$77.59 Billion
IMDEX Ltd AU:IMD	Australia	AU$830.15 Million

First Tractor Co Ltd - Liquidity and Working Capital Analysis

Liquidity ratios measure a company's ability to pay off its short-term debts as they come due, using the company's current or quick assets. Working capital represents the operational liquidity available.

Key Liquidity Metrics

Metric	Current	1 Year Ago	5 Years Ago
Current Ratio	1.36	1.14	1.28
Quick Ratio	1.17	0.93	1.09
Cash Ratio	0.00	0.00	0.00
Working Capital	CN¥2.17 Billion	CN¥926.98 Million	CN¥1.76 Billion

First Tractor Co Ltd - Advanced Valuation Insights

This section examines the relationship between First Tractor Co Ltd's asset base and its market valuation, helping to identify whether the company's assets are efficiently translated into market value.

Key Valuation Metrics

Current Price-to-Book Ratio	1.99
Latest Market Cap to Assets Ratio	0.10
Asset Growth Rate (YoY)	2.8%
Total Assets	CN¥15.10 Billion
Market Capitalization	$1.58 Billion USD

Valuation Analysis

Below Book Valuation: The market values First Tractor Co Ltd's assets below their book value (0.10x), which may indicate investor concerns about asset quality or future growth.

Positive Asset Growth: First Tractor Co Ltd's assets grew by 2.8% over the past year, showing continued investment in the company's operational capacity.

Annual Total Assets for First Tractor Co Ltd (2004–2025)

The table below shows the annual total assets of First Tractor Co Ltd from 2004 to 2025.

Year	Total Assets	Change
2025-12-31	CN¥15.10 Billion ≈ $2.21 Billion	+2.76%
2024-12-31	CN¥14.69 Billion ≈ $2.15 Billion	+6.33%
2023-12-31	CN¥13.82 Billion ≈ $2.02 Billion	+6.40%
2022-12-31	CN¥12.99 Billion ≈ $1.90 Billion	+5.24%
2021-12-31	CN¥12.34 Billion ≈ $1.81 Billion	-0.02%
2020-12-31	CN¥12.34 Billion ≈ $1.81 Billion	+6.14%
2019-12-31	CN¥11.63 Billion ≈ $1.70 Billion	-11.50%
2018-12-31	CN¥13.14 Billion ≈ $1.92 Billion	-6.82%
2017-12-31	CN¥14.10 Billion ≈ $2.06 Billion	+6.75%
2016-12-31	CN¥13.21 Billion ≈ $1.93 Billion	-0.47%
2015-12-31	CN¥13.27 Billion ≈ $1.94 Billion	+7.42%
2014-12-31	CN¥12.36 Billion ≈ $1.81 Billion	+5.89%
2013-12-31	CN¥11.67 Billion ≈ $1.71 Billion	+8.73%
2012-12-31	CN¥10.73 Billion ≈ $1.57 Billion	+17.06%
2011-12-31	CN¥9.17 Billion ≈ $1.34 Billion	+9.90%
2010-12-31	CN¥8.34 Billion ≈ $1.22 Billion	+38.02%
2009-12-31	CN¥6.04 Billion ≈ $884.38 Million	+5.23%
2008-12-31	CN¥5.74 Billion ≈ $840.45 Million	+4.65%
2007-12-31	CN¥5.49 Billion ≈ $803.08 Million	+9.95%
2006-12-31	CN¥4.99 Billion ≈ $730.37 Million	+30.60%
2005-12-31	CN¥3.82 Billion ≈ $559.22 Million	+4.71%
2004-12-31	CN¥3.65 Billion ≈ $534.06 Million	--

About First Tractor Co Ltd

SHG:601038 China Farm & Heavy Construction Machinery

Market Cap

$1.58 Billion

CN¥10.77 Billion CNY

Market Cap Rank

#7043 Global

#1474 in China

Share Price

CN¥14.72

Change (1 day)

-0.27%

52-Week Range

CN¥10.23 - CN¥15.82

All Time High

CN¥19.69