Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

(a joint stock company incorporated in The People's Republic of China with limited liability)

ANNUAL RESULTS ANNOUNCEMENT FOR THE YEAR ENDED 31 DECEMBER 2016 (Financial Highlights) Total operating revenue : RMB8,871,153,114.15 Profits attributable to the equity holders of the Company : RMB223,369,729.35 Earnings per share attributable to the equity holders of the Company : RMB0.2245

The board (the "Board") of directors (the "Directors") of First Tractor Company Limited (the "Company") announces the audited consolidated results of the Company and its subsidiaries (the "Group") for the year ended 31 December 2016 (the "Reporting Period"), which have been prepared in accordance with the PRC Accounting Standards for Business Enterprises, together with comparative figures for the same period in 2015 are as follows (unless otherwise stated, the figures contained in this announcement are denominated in Renminbi).

CONSOLIDATED BALANCE SHEET

As at December 31, 2016

Prepared by: First Tractor Company Limited

Unit: RMB

Item Note Ending balance Beginning balance Current assets:

Cash and cash equivalents 6 3,261,735,812.98 1,897,794,077.61 Settlement reserves for balance

Loans to banks and other financial institutions

Financial assets measured at fair

value and its movement recorded

through profit and loss

62,657,466.94

414,865,981.64

Derivative financial assets

14,833,000.00

0.00

Notes receivable

554,932,731.17

629,595,676.71

Accounts receivable

7

674,313,323.03

846,592,058.32

Advances to suppliers

143,734,037.70

60,933,298.85

Premium receivables

Reinsurance receivables

Reinsurance contract reserves

receivable

Interest receivable

12,027,545.45

1,878,611.11

Dividend receivable

Other receivables

104,926,297.50

67,644,192.90

Financial assets purchased with

agreement to re-sale

354,848,615.72

899,544,776.20

Inventories

1,014,713,967.01

1,168,906,538.26

Assets classified as held for sale

Non-current assets due within

one year

Other current assets 1,412,930,377.64 468,428,422.33

Total current assets 7,611,653,175.14 6,456,183,633.93 Non-current assets:

Loans and advances to customers

748,364,409.66

1,859,617,637.45

Financial assets available-for-sale

235,733,900.15

259,434,541.41

Held-to-maturity investments

58,352,738.68

0.00

Long-term receivables

Long-term equity investments

149,098,999.76

150,640,194.51

Investment properties

Fixed assets

2,970,855,427.52

2,866,761,443.98

Construction in progress

376,823,261.61

613,389,411.85

Construction materials

Disposal of fixed assets

Productive biological assets

Oil and gas assets

Intangible assets

896,641,004.79

922,350,120.29

Research and development expenses

Goodwill

Long-term deferred expenses

40,223,194.44

34,047,868.91

Deferred income tax assets

122,767,169.68

110,024,707.65

Other non-current assets

Total non-current assets

5,598,860,106.29

6,816,265,926.05

Total assets

13,210,513,281.43

13,272,449,559.98

Current liabilities:

Short-term loans

1,579,448,510.67

1,938,954,945.26

Borrowings from central bank

Receipts of deposits and deposits

from other banks

588,286,840.09

527,213,699.13

Loans from other banks

250,000,000.00

350,000,000.00

Financial liabilities measured at fair

value and its movement recorded through profit and loss

Derivative financial liabilities

Notes payable

1,417,113,769.49

1,299,804,364.19

Accounts payable

8

1,384,168,457.64

1,526,746,992.98

Advance from customers

199,663,201.54

303,082,198.22

Funds from selling out and

repurchasing financial assets

Fee and commission payable

Employee salary payable 105,911,905.79 102,912,994.81

Taxes payables 25,426,038.74 -347,088,631.55

Interests payable 55,151,085.52 53,716,956.57 Dividends payable

Other payables 257,257,848.82 242,762,492.73

Reinsurance accounts payables Reserves for insurance contracts Brokerage for trading securities

Brokerage for consigning securities Liabilities classified as held for sale Non-current liabilities due within

one year 34,422,532.04 32,395,168.40

Other current liabilities 93,369,345.75 98,038,848.99

Total current liabilities 5,990,219,536.09 6,128,540,029.73

First Tractor Company Limited published this content on 28 March 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 29 March 2017 00:05:06 UTC.

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