CITIC Agriculture specialises in crop breeding, large-scale propagation and commercialisation of improved varieties. Striving to be globally competitive in agricultural technology, CITIC Agriculture operates over 50 breeding stations in more than 10 countries and regions, over 900,000mu of high-standard seed production bases, a research and development team of more than 700 specialists, five national and provincial science and technology innovation platforms and a leading seed biotechnology laboratory in South America. CITIC Agriculture’s independently cultivated varieties cover a global area of over 200 million mu each year.
In 2024, CITIC Agriculture prioritised seed industry advancement to strengthen its leading position in the sector. The company worked to systematically enhance and standardise its internal control management framework, attaining new heights in technological innovation. With a focus on effective integration and collaboration, the company implemented penetrating oversight throughout the business to drive high-quality development in its subsidiary companies.
Business highlights
Yuan Longping High-Tech Agriculture Co., Ltd (Longping High-Tech; 000998.SZ), a subsidiary of CITIC Agriculture, further solidified its domestic development foundation. Ensuring stable income from the three major staple crops (rice, corn and wheat), the company actively expanded market opportunities for specialised, innovative and high-value varieties. Meanwhile, its demonstration and promotion of industrialised bio-breeding ranked high in China. In Brazil, the company navigated the corn seed industry downturn, securing its position as one of the top three companies in terms of sales volume, with over 21% market share in the country’s corn seed market.
Technological innovation
Longping High-Tech and its subsidiaries’ 78 proprietary or co-developed new varieties, including rice and corn, were approved by national standards, further optimising its investment strategies in green, high-quality, and high-yield varieties. The company’s independently developed regenerative rice, Juliangyou 8612, set a new record for annual yield. Meanwhile, a new breakthrough in the cultivation of ultra-high-yield hybrid rice contributed to the national initiative of enhancing grain production capacity by over 50 million tonnes.
In addition to receiving the China Quality Award, Longping High-Tech was also honoured with multiple recognitions from China Association of Public Companies including the “Best Practices for Sustainable Development of Public Companies” and “Most Socially Responsible Public Company” awards, further expanding its prominence in the sector.
Business highlights
Yuan Longping High-Tech Agriculture Co., Ltd (Longping High-Tech; 000998.SZ), a subsidiary of CITIC Agriculture, further solidified its domestic development foundation. Ensuring stable income from the three major staple crops (rice, corn and wheat), the company actively expanded market opportunities for specialised, innovative and high-value varieties. Meanwhile, its demonstration and promotion of industrialised bio-breeding ranked high in China. In Brazil, the company navigated the corn seed industry downturn, securing its position as one of the top three companies in terms of sales volume, with over 21% market share in the country’s corn seed market.
Technological innovation
Longping High-Tech and its subsidiaries’ 78 proprietary or co-developed new varieties, including rice and corn, were approved by national standards, further optimising its investment strategies in green, high-quality, and high-yield varieties. The company’s independently developed regenerative rice, Juliangyou 8612, set a new record for annual yield. Meanwhile, a new breakthrough in the cultivation of ultra-high-yield hybrid rice contributed to the national initiative of enhancing grain production capacity by over 50 million tonnes.
In addition to receiving the China Quality Award, Longping High-Tech was also honoured with multiple recognitions from China Association of Public Companies including the “Best Practices for Sustainable Development of Public Companies” and “Most Socially Responsible Public Company” awards, further expanding its prominence in the sector.