Zheng Quan Shi Bao·2025-12-02 00:26Group 1 - The core viewpoint of the article emphasizes the role of Yituo Co., Ltd. as a leading player in the agricultural machinery industry, leveraging capital markets to enhance its development and contribute to local high-quality growth [1][6][7] - Yituo has established a virtuous cycle of "financing - R&D - returns" since its H-share listing in 1997 and A-share return in 2012, which has been crucial for its technological advancements [2][3] - The company has invested heavily in R&D, with a target of maintaining R&D expenditure at 4% by 2025, and has secured 328 patents in the agricultural machinery sector, including 12 awarded for technological progress [3][4] Group 2 - Yituo plays a pivotal role in the "Luoyang Modern Agricultural Machinery Equipment Industry Cluster," which was recognized as a national advanced manufacturing cluster, enhancing the collaborative development of the agricultural machinery industry in Henan [4][6] - The company has a significant impact on the local supply chain, with approximately 45% of its suppliers located in Henan, contributing to a production value of 600 billion yuan, which accounts for about 30% of the national total [4][6] - Yituo is focusing on the modernization of agriculture through intelligent and renewable energy machinery, aiming to create a digital ecosystem for agriculture and participate in national smart agriculture demonstration projects [6][7] Group 3 - The future plans of Yituo include enhancing "bottleneck" technology R&D and the application of new energy agricultural machinery, while promoting flexible and green upgrades in production lines [7] - The company aims to strengthen collaboration with local enterprises to build a new ecosystem for modern agricultural equipment, ensuring that local firms remain at the forefront of technological advancements [7] - Yituo's development practices illustrate that capital markets are essential for achieving high-quality growth, as it continues to leverage capital and innovation in the agricultural machinery sector [7]