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First Tractor (601038.SH): With the continuous advancement of high-standard agricultural land construction and the development of rural social service organizations, it will have a positive impact on the demand for high-power agricultural machinery.

GeLongHui September 25th | First Tractor (601038.SH) stated at an investor relations event that in recent years, in rural areas, the trend towards land transfer, scale and intensification of land has become more obvious, promoting the upgrade of user demand to high-power products. With the continuous advancement of high-standard farmland construction and the development of rural social service organizations, it will have a positive impact on the demand for high-power agricultural machinery, especially the rapid growth of tractors above 200 horsepower. However, due to operational needs, regional factors, etc., tractors in the medium and small power range will also maintain a certain sales volume.

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