Agriculture Technology
CITIC Agriculture upholds an integrated business approach combining production and financing, with a strategic focus on crop breeding, promotion, and core breeding technology research. It is committed to establishing itself as a globally competitive agricultural technology company.
In 2023, CITIC Agriculture actively refined its operations management as part of its strategy for global expansion in the crop seed industry. Having successfully integrated domestic and international operations, strengthened management and controls, and expanded industrial cooperation, the company achieved substantial growth in its operational scale, consistently maintaining its leading position in the domestic seed industry. CITIC Agriculture has attained significant achievements in scientific research. The company received multiple qualifications and honours, and achieved breakthroughs in key common technologies, driving the transformation and upgrading of the agricultural industry supply chain and supporting the high-quality development of the seed industry.
With a substantial asset restructuring, Longping High-tech (000998.SZ), a subsidiary of CITIC Agriculture, achieving financial consolidation of LongPing Agriscience, further enhanced its control over germplasm resources and reinforced its capabilities in independent research and development, which has significantly improved its industry status and brand influence. Longping High-tech obtained the highest number of approvals from national authorities for its genetically modified corn varieties. All of its major corn varieties have successfully undergone the modification, covering the main corn-producing regions in China. The quality management model “Shuangquan Shuangling” (whole industry chain, whole business process, no defect), created by the company and unique to the Chinese operating environment, was honoured with the 5th China Quality Award. Three two-line hybrid japonica rice varieties developed by Longping High-tech have been recognized as super rice varieties in 2023 by the National Agricultural Technology Extension Service Center, setting a new national record for high yields in hybrid rice. Longping Agriculture Science Co., based on its high-quality germplasm resources and advanced breeding system, has successfully expanded its footprint in the Brazilian seed industry. It prioritised optimisation of supply chain management, strengthening of cost controls, ensuring autonomous and controllable production operations. These strategic initiatives have resulted in steady progress in its business performance.
With a substantial asset restructuring, Longping High-tech (000998.SZ), a subsidiary of CITIC Agriculture, achieving financial consolidation of LongPing Agriscience, further enhanced its control over germplasm resources and reinforced its capabilities in independent research and development, which has significantly improved its industry status and brand influence. Longping High-tech obtained the highest number of approvals from national authorities for its genetically modified corn varieties. All of its major corn varieties have successfully undergone the modification, covering the main corn-producing regions in China. The quality management model “Shuangquan Shuangling” (whole industry chain, whole business process, no defect), created by the company and unique to the Chinese operating environment, was honoured with the 5th China Quality Award. Three two-line hybrid japonica rice varieties developed by Longping High-tech have been recognized as super rice varieties in 2023 by the National Agricultural Technology Extension Service Center, setting a new national record for high yields in hybrid rice. Longping Agriculture Science Co., based on its high-quality germplasm resources and advanced breeding system, has successfully expanded its footprint in the Brazilian seed industry. It prioritised optimisation of supply chain management, strengthening of cost controls, ensuring autonomous and controllable production operations. These strategic initiatives have resulted in steady progress in its business performance.