First Tractor (HKG:0038) saw a 2.71% increase in overall tractor sales in 2024, reaching 74,323 units compared to 72,363 in 2023, according to a Sunday filing with the Hong Kong bourse.
High-horsepower tractors led the growth with a 12.49% rise, while medium-horsepower tractor sales dropped by 4.57%, and small-horsepower tractors declined by 52%.
Diesel engine sales fell 3.32% year-on-year to 146,032 units.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.