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Guotai Junan: Excavator growth of 18.5% in March, with significant improvements in working hours and utilization rate.
Overall, in 2025, the Construction Machinery Industry faces both opportunities and challenges, with opportunities outweighing risks.
FIRST TRACTOR (00038): Xue Lipin resigned from his positions as independent director and chairman of the Board of Directors' audit committee.
FIRST TRACTOR (00038) announced that the current independent director, Mr. Xue Lipin, will complete his term on April 12, 2025, and has already served for six years. Therefore, Mr. Xue Lipin has applied to resign from his positions as independent director, chairman of the Board of Directors' Audit Committee, chairman of the Board of Directors' Remuneration Committee, and member of the Board of Directors' Nomination Committee, effective from April 10, 2025.
FIRST TRACTOR: DATE OF MEETING OF THE BOARD OF DIRECTORS
Hong Kong stocks are moving differently | Most Agriculture stocks opened higher as the plan to strengthen agriculture was released. Institutions indicate that tariff countermeasures may push grain prices upward.
Most Agriculture stocks opened high, as of the time of publication, SHIYUE DAOTIAN (09676) rose 8.17%, reported at 8.47 Hong Kong dollars; FIRST TRACTOR (00038) rose 5%, reported at 5.88 Hong Kong dollars; COFCO JOYCOME (01610) rose 4.26%, reported at 1.47 Hong Kong dollars.
Hong Kong stock Concept tracking | The central government issued a document! Accelerate the construction of a strong Agriculture nation, comprehensive breakthroughs in independent innovation in seed industry, and a promising future (with related Concept s
The Central Committee of the Communist Party of China and the State Council recently issued the "Plan for Accelerating the Construction of an Agricultural Power (2024-2035)".
First Tractor (601038.SH): The company's diesel engine products are mainly designed to support Agricultural Machinery.
On April 7, Glonghui reported that First Tractor (601038.SH) stated on the investor interaction platform that the YTN4 series (3.6L), LR series (4.33/4.75/6.49/7.13L), and YM series (9.73/11.6L) diesel engines produced by the company can be applied in the Generator field and are compatible with 10-350kW generators. The company does not directly sell generators. The company's diesel engine products are mainly used as supporting equipment for Agricultural Machinery, with the sales and revenue from diesel engines for generators being relatively small.
