First Tractor Recognizes 96 Million Yuan Fair-Value Loss on Financial Assets

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First Tractor (HKG:0038, SHA:601038) expects a 95.8 million reduction in first-half 2026 total profit from fair-value changes in financial assets.

The adjustment mainly reflects changes in the value of its controlling subsidiary's 6.875% stake in Luoyin Financial Leasing and 0.8827% stake in Zhongyuan Bank, both classified as trading financial assets, according to a Tuesday Hong Kong bourse filing. A third-party valuation put the total fair-value adjustment at about 95.8 million yuan.

The adjustment is non-recurring and will not affect net profit attributable to shareholders after excluding non-recurring items, the company said in the filing.

Hong Kong-listed shares of the company jumped nearly 8% in recent trade.

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A third-party valuation put the total fair-value adjustment at about 95.8 million yuan.</p><p>The adjustment is non-recurring and will not affect net profit attributable to shareholders after excluding non-recurring items, the company said in the filing.</p><p>Hong Kong-listed shares of the company jumped nearly 8% in recent trade.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"601038","symbol_name":"一拖股份","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2662909760","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2662909760","pubTimestamp":1787724996,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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A third-party valuation put the total fair-value adjustment at about 95.8 million yuan.The adjustment is non-recurring and will not affect net profit attributable to shareholders after excluding non-recurring items, the company said in the filing.Hong Kong-listed shares of the company jumped nearly 8% in recent trade.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"-1","news_tag":"dataReport","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":1,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"}}}