First Tractor Announces 2026 Interim Dividend of RMB0.6962 per 10 Shares, Paying Out 10% of H1 Net Profit

Bulletin Express
Yesterday

First Tractor Company Limited disclosed an interim dividend plan for 2026, under which shareholders will receive a cash dividend of RMB0.6962 for every 10 shares held (tax inclusive). Based on the current share capital of 1.12 billion shares, the proposed distribution totals roughly RMB78.23 million, equivalent to 10% of the net profit attributable to parent-company shareholders for the first half of 2026.

The dividend calculation will hinge on the share count at the yet-to-be-announced record date. Should any H-share buybacks occur before that date, the per-share payout will remain unchanged, while the aggregate distribution amount will be adjusted and disclosed separately.

Financial backdrop: For January–June 2026, First Tractor generated RMB0.78 billion in net profit attributable to its shareholders, with undistributed earnings standing at RMB3.33 billion as of 30 June 2026. Management stated that the dividend aligns with the company’s articles of association and takes into consideration operating performance and future funding requirements, noting no material impact on cash flow or long-term operations.

Governance milestones: The 2025 annual general meeting on 2 June 2026 authorized the Board to set the 2026 interim dividend. The Board’s 7th meeting of the 10th session on 25 August 2026 unanimously approved the current distribution plan, which consequently does not require further shareholder approval.

First Tractor will publish the detailed timetable—including record and payment dates—in a forthcoming notice. The company reiterates that any future repurchases of H shares will not alter the per-share dividend rate.

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