- Business
- Yuan Longping High-Tech Agriculture Co., Ltd. (000998.SZ) engages in the research, development, production, and sale of hybrid rice seeds and other crop seeds, as well as provision of agricultural technology services. The company offers a diverse portfolio of products including hybrid rice seeds under brands such as Yuanlongping and Weifeng; hybrid corn seeds; two-line hybrid rice seeds; and vegetable seeds covering tomatoes, peppers, and cucurbits; alongside crop protection products like pesticides and fertilizers, and agricultural machinery such as seeders and dryers. It operates primarily in the seed industry segment, targeting farmers, agribusinesses, and distributors, with geographic presence spanning China, Southeast Asia, South America, and Africa.
Founded in 1999 and headquartered in Changsha, Hunan Province, China, the company leverages advanced breeding technologies to develop high-yield, disease-resistant varieties, serving as a key player in China's food security initiatives. Its subsidiaries include regional seed production bases and international joint ventures focused on hybrid rice technology transfer. The company maintains strategic partnerships with research institutions for biotechnology innovation and exports seeds to over 20 countries.
In recent developments, Yuan Longping High-Tech Agriculture expanded its hybrid corn seed offerings through a 2024 acquisition of a leading corn breeding firm, enhancing its non-rice seed portfolio amid growing domestic demand. The company secured a major funding round in early 2025 from state-backed investors to accelerate R&D in gene-edited crops, aligning with China's agricultural modernization goals. Additionally, it launched new drought-tolerant rice varieties in 2025, targeting expansion into arid regions of Africa and Southeast Asia.