As a national key "little giant" enterprise specializing in the field of cotton picking and processing equipment in China, and a national level manufacturing industry champion enterprise, Swan Group firmly implements the three major strategies of "strengthening cotton machines, breaking through cotton picking machines, and expanding agricultural machinery". Through continuous high-intensity research and development investment, it has achieved comprehensive upgrading of the technical system, innovative breakthroughs in core technologies, and synchronously promoted global market layout. In 2025, the company has invested a total of 64.9675 million yuan in research and development expenses, accounting for 6.78% of its operating revenue, and its R&D investment intensity ranks among the leading levels in the domestic industry. The company has established four major technology research and development centers and formed a multidisciplinary research and development team of over 100 people, covering mechanical, electrical, hydraulic, agricultural, and intelligent fields. Relying on its own provincial-level innovation platforms such as the Shandong Enterprise Technology Center and the Corps Cotton Machinery Processing Engineering Technology Research Center, as well as the provincial-level cotton harvesting and processing equipment manufacturing pilot platform, we will strengthen talent recruitment and continue to drive high-quality development of enterprises through technological innovation. As of the end of the reporting period, the company has granted a total of 266 valid patents, including 63 invention patents, accounting for over 20%, continuously enhancing the quantifiable accumulation of research and development achievements.
01
Breakthrough the bottleneck technology of high-end cotton picking machines and break foreign monopolies
The cotton picker is known as the "crown" of the agricultural equipment field, and its core technology has long been firmly monopolized by developed Western countries, becoming a bottleneck problem that restricts the development of China's cotton industry. Since 2009, Swan Group has established a research and development team for cotton picking machines, firmly following the path of "independent and controllable". Starting from traditional box type cotton picking machines, they have overcome key technologies such as high-speed picking systems and variable chamber packaging systems. In 2019, they developed the first domestically produced six row packaging cotton picking machine. Afterwards, the company continued to iterate and upgrade, focusing on the direction of greening and intelligence, completing the technological upgrade of the National IV emission standard, launching an extended range packaging cotton picking machine, and forming a series of product matrices covering multiple rows such as three rows, four rows, and six rows, as well as box and packaging operation modes. In 2021, the company built a domestically leading high-end cotton picking machine intelligent manufacturing facility in Xinjiang, a core cotton producing area in China
production lineStable mass production of high-end cotton picking machines has been achieved. The company saves more than one-third of the cost of purchasing cotton picking machines compared to imported products, helping cotton farmers save 600-800 yuan/mu in picking costs compared to manual picking, and enabling Chinese people to use domestically produced cotton picking machines that are trustworthy, affordable, and good at picking. During the 14th Five Year Plan period, domestic cotton picking machines represented by Swan Group achieved large-scale promotion, promoting the proportion of domestic cotton picking machines in use to exceed 70%, completely rewriting the history of "imported machines" harvesting "Chinese cotton" and breaking the monopoly of international brands. The company's six row packaging cotton picking machine is one of the iconic achievements in China's high-end agricultural machinery and equipment manufacturing during the 14th Five Year Plan period. It was showcased at the Made in China 14th Five Year Plan Achievement Exhibition, demonstrating the strategic effectiveness of national scientific and technological self-reliance.
02
Leading the intelligent transformation of cotton processing technology and filling the domestic technological gap
deep cultivation
Cotton processing machineFor over 30 years in the field of machinery and equipment, Swan Group has always led the progress of cotton processing technology in China. In the face of the wave of digital and intelligent transformation, the company has taken the lead in launching the "60 pack/timing cotton picking intelligent production line overall solution" in China, realizing the full process intelligent control from opening and feeding, drying, ginning, packaging to coding. Through intelligent "flower matching", the processing efficiency has been improved by 2-3 times, and the employment of ginning plants has been greatly reduced. At the same time, the company has integrated artificial intelligence technology and made key breakthroughs in the field of intelligent recognition and removal of foreign fibers. Through high-resolution image recognition and advanced algorithms, the content of "three fibers" (plastic film, plastic thread, animal hair and other foreign fibers) per ton of cotton is accurately controlled within 2.5 grams, and the cotton quality reaches the international advanced level, enhancing the competitiveness of cotton enterprises and helping the textile industry to get rid of the dependence on high-end raw material imports. In addition, innovative application of wind power internal circulation technology and efficient pulse dust removal system can achieve high cleanliness dust removal while recovering waste heat, significantly improving the indoor temperature of the workshop, significantly improving the working environment, and ensuring the occupational health of cotton processing plant workers. This solution has become a benchmark demonstration for China's cotton processing industry to move towards high-quality, green, and intelligent development, providing solid technical support for building a modern cotton industry chain and promoting the development of the cotton processing industry chain from "new" to "green".
03
Expand high-end agricultural machinery and equipment, forward-looking layout for future 'seed business'
Based on the main business of cotton machinery and focusing on the trend of diversified development of agricultural equipment, Swan Group actively responds to industry cycle fluctuations, incorporates "expanding agricultural machinery" into the company's three core strategies, focuses on the "bottleneck" links in segmented fields and domestic technological shortcomings, and takes a differentiated and high-end development path. In recent years, the company has successfully developed large-scale grain alliances
harvesterNew equipment such as negative pressure intelligent grain drying tower and large tomato harvester. Although the company's new agricultural machinery sector is still in its incubation period and its revenue share is relatively small, the planning and layout of agricultural machinery has taken shape. The company is transforming from a single "cotton machine expert" to a comprehensive agricultural machinery provider covering multiple fields, providing solid domestic equipment support for modern agricultural production.
04
Deepen the layout of overseas markets and accelerate the "going global" of technological achievements
The company actively responded to the "the Belt and Road" initiative, implemented the "foreign trade breakthrough" strategy, took the initiative to go global, accelerated the promotion of overseas market layout, and achieved breakthrough growth in international business. The export products have expanded from single cotton processing equipment to multiple categories such as cotton harvesters and grain combine harvesters, and the international market structure continues to optimize. In 2025, the company achieved overseas operating revenue of 271.2561 million yuan, a year-on-year increase of 746.61%. Especially targeting the demand of the Uzbekistan market in Central Asia, we have customized and developed a four row box type cotton picker to achieve a leap from small-scale trial sales to large-scale exports; The cotton baler has also successfully entered emerging markets such as Central Asia, South America, and Africa. In addition, the company adopts the "going global by boat" model and collaborates with leading domestic cotton industry chain enterprises to go global. The 60 pack/hour intelligent cotton processing production line and packaging cotton picking machine have successfully landed in Central Asia, becoming a typical demonstration case of domestic high-end agricultural machinery "going global". At the same time, in order to strengthen local service capabilities, the company will establish two wholly-owned subsidiaries in Kazakhstan and Uzbekistan by 2025, comprehensively promote overseas localization operations, technical services, and market response system construction, and help China's agricultural machinery and equipment deeply integrate into the global agricultural value chain.