Xinjiang Tianye Water Saving Irrigation System Company Limited Xinjiang Tianye Water Saving Irrigation System Company Limited (0840.HK) designs, manufactures, sells, and installs water-saving irrigation systems and equipment primarily for agricultural applications in the People's Republic of China. The company offers a comprehensive range of core products including side-seam drip irrigation belts, built-in drip irrigation belts, pressure-compensated drip irrigation pipes, single-wing labyrinth drip irrigation tapes, inlaid drip irrigation tapes, large flow compensation drip irrigation tapes, PVC/PE pipelines and hoses, agricultural hard PVC pipes, PE hoses, filters, drip assemblies, and various pipe fittings; it also provides full installation services, land circulation, engineering projects, and is strategically developing digital agriculture and agricultural service businesses. Founded in 1999 and headquartered in Shihezi, Xinjiang, the company operates mainly in the domestic market with subsidiaries in locations such as Beijing, Liaoning, Gansu, and multiple sites in Xinjiang, targeting farmers, agricultural enterprises, and water conservancy projects with an emphasis on submembrane drip irrigation technology for crops like cotton, tomatoes, grains, and forage. In recent developments, its controlling shareholder Xinjiang Tianye (Group) Limited announced a proposed strategic restructuring in 2025 with the State-owned Assets Supervision and Administration Commission of Xinjiang Production and Construction Corps 8th Division to form a new holding company, Xinjiang Tianze Water Conservancy Investment and Development Co., Ltd., where the SASAC transfers 37.5% equity at zero cost in exchange for the group's full contribution of its stake in the company to enhance water conservancy positioning; the company is also aligning with national initiatives for high-standard farmland, water networks, and Belt and Road projects while phasing out obsolete capacity for high-value products.