04,03,2026 10 views
On the evening of March 26th, Yituo Group released its 2025 annual performance report. In 2025, the operating revenue will be approximately 10.823 billion yuan, a year-on-year decrease of 9.09%; The net profit attributable to shareholders of the listed company was approximately 812 million yuan, a year-on-year decrease of 11.94%; Basic earnings per share were 0.7226 yuan, a year-on-year decrease of 11.94%.
During the reporting period, in the face of the overall downward market trend in the agricultural machinery industry, the company took the initiative to implement policies and respond actively. While deeply cultivating domestic and international markets, the company continued to strengthen its technological innovation capabilities, solidly promoted the cultivation of high-end manufacturing capabilities and digital transformation, deepened enterprise reform, and coordinated various work. Affected by the overall industry environment, the company was large and medium-sized during the reporting periodtractorThe cumulative sales of the product are 63700 units,diesel engineThe cumulative sales of the product amounted to 136700 units, achieving a revenue of 10.823 billion yuan and a net profit attributable to the shareholders of the parent company of 812 million yuan.
In terms of diesel engine business, we will explore market potential and focus on agricultural machinery, engineering machinerygeneratorTo meet the power needs of users in multiple fields, we have orderly promoted the development and platform building of diesel engine variant products, successfully achieving precise adaptation with different customer host products. While consolidating existing markets and stabilizing existing customers, actively exploring emerging markets to achieve external market sales growth. The export of diesel engine products reached 80000 units throughout the year, a year-on-year increase of 3.5%.
During the reporting period, the company accelerated the layout of its global service network and steadily promoted localized cooperation in key markets such as Central Asia and South America. Focusing on personalized and differentiated needs of different countries, continuously enriching the export product portfolio, and enhancing the adaptability and competitiveness of products in target markets. While promoting its products, the company actively promotes the rejuvenation of the "Dongfanghong" brand and the high-end transformation of the "YTO" brand, continuously enhancing the international influence of the "YTO" brand. During the reporting period, the company achieved significant results in the joint export of agricultural machinery and equipment by strengthening export collaboration with units under the State Machinery Industry Corporation. In 2025, the sales volume of exported tractors exceeded 10000 units for the first time, with a year-on-year increase of 41%.
In 2025, the company actively serves the national food security strategy, accelerates core technology research and development, and promotes the transformation and upgrading of the agricultural machinery and equipment industry. The company is accelerating the research and commercial application of hybrid, pure electric, and hydrogen energy tractors, creating a "high-end intelligent+green and environmentally friendly" product matrix, and leading the green and low-carbon transformation of agricultural machinery and equipment. At present, the HB2204 hybrid tractor has achieved industrial application, and HQ2204, as the first batch of hydrogen energy tractors in China, has entered the stage of experimental vehicle verification.
In terms of technological innovation and research and development, the company will invest 549 million yuan in research and development in 2025, an increase of 6.39% year-on-year. Through years of continuous investment in technology research and development, we have mastered core key technologies with independent intellectual property rights, such as power shifting, continuously variable transmission, intelligent driving, whole machine and component electronic control, and built the most complete agricultural equipment system in China, deeply adapting to the diversified and refined development requirements of agricultural production. The company has a variety of high-end tractors covering three technical routes: 220-450 horsepower, multi speed power shifting, continuously variable transmission, and hybrid power. The product performance and reliability have reached the international advanced level, forming industry-leading technical strength in green energy saving, intelligent control, and adaptability to complex working conditions. And it has formed the most complete manufacturing system in the domestic tractor industry from the whole machine to the core components, with the ability to self-made tractor core components such as body, castings, engines, axles, gears, etc., which can effectively improve the matching between components and the whole machine, ensure product quality and reliability, and provide strong support for product upgrades.
Explanation of reasons for changes in operating income and operating costs: The main reason is that the sales volume of the company's leading products decreased year-on-year during the reporting period, and the operating income and operating costs decreased year-on-year.
Reasons for changes in sales expenses: An increase of 8.16 million yuan compared to the same period last year, mainly due to the company's efforts to promote the launch of new products, expand the market share and brand influence of leading products, increase product promotion and service guarantees, and increase product promotion expenses year-on-year. Explanation of changes in management expenses: a decrease of 13.51 million yuan compared to the same period last year, mainly due to a decrease in the provision for fixed asset depreciation during the reporting period.
Reasons for changes in research and development expenses: An increase of 33 million yuan compared to the same period last year, mainly due to the company's acceleration of high-end agricultural machinery and equipment technology research and development, resulting in an increase in research and development investment compared to the same period last year.
Note: This article is compiled and published by Agricultural Machinery Network (www.nongjx. com), with sources including Yituo Shares and Juchao Information. The purpose of publishing this information on this website is to spread more information and is not related to the position of this website. And we solemnly remind all readers that the stock market carries risks and investors need to be cautious. This article is not intended as a reference or basis for any investment.
