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Changes in Hong Kong stocks | Yituo Shares (00038) rose more than 10% after deducting non-net profit in the second quarter and increased 77.6% year-on-year, both domestic sales and exports accelerated
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The Zhitong Finance App learned that Yituo Shares (00038) rose more than 10%. As of press release, it had risen 10% to HK$9.35, with a turnover of HK$61.7987 million.

According to the news, First Tractor Co., Ltd. announced its 2026 interim results, with total operating revenue of 7.886 billion yuan, up 13.84% year on year; attributable net profit of 782 million yuan, up 1.72% year on year; in the second quarter, the company achieved revenue of 3.22 billion yuan, up 35.7% year on year; net profit to mother was 220 million yuan, down 8.2% year on year; after deducting non-net profit of 290 million yuan, up 77.6% year on year. Guojin Securities pointed out that the increase in revenue and deducted non-profit exceeded expectations, and net profit to mother was greatly affected by losses due to one-time fair value changes.

In the domestic market, the sales growth rate of Yituo Co., Ltd.'s core products outperformed the industry market. Tractor sales were 501,000 units, up 17.05% year on year; diesel engine sales were 112,600 units, up 47.79% year on year. Overseas business ushered in rapid development, with export sales of 8006 units in the first half of the year, an increase of 47% over the previous year. Key markets in America and Asia have grown significantly, and the share of exports in large and medium exports continues to rise.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.
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