First Tractor Company Limited is an investment holding company. The Company operates in four segments: the agricultural machinery segment engages in the manufacture and sale of agricultural machinery, including tractors, harvesters, and related parts and components; the construction machinery segment engages in the manufacture and sale of construction and road machinery; the financial operations segment engages in the provision of loans, bills discounting and deposit taking services, and the diesel engines and fuel jets segment engages in the manufacture and sale of diesel engines, fuel injection pumps and fuel jets. On October 9, 2010, the Company disposed of YTO (Luoyang) Construction Machinery Co., Ltd, YTO (Luoyang) Building Machinery Co., Ltd, YTO (Luoyang) Jiangong Machinery Co., Ltd and YTO (Luoyang) Construction Machinery Sales Co., Ltd. On December 1, 2010, the Company acquired an 51% interest in Luoyang Tractors Research Institute Co., Ltd (LTRI).