YTO Group Corporation (shortened as YTO) is an affiliate of SINOMACH (China National Machinery Industry Corporation). Formerly the First Tractor Manufacturing Plant founded in 1955, it was among the 156 key construction projects during China’s First Five-Year Plan. Its core subsidiary, First Tractor Company Limited (YTO Co., Ltd.), is an A+H dual-listed enterprise traded on the Shanghai Stock Exchange and Hong Kong Stock Exchange.
With nearly 70 years of development, YTO has grown into a large-scale equipment manufacturer centered on agricultural machinery with innovative supporting manufacturing services. It boasts a complete industrial chain for agricultural equipment covering tractors, harvesters, farm implements and core components including diesel engines, transmission assemblies, cabs and casting & forging parts. By the end of 2023, YTO had supplied nearly 3.8 million tractors and over 3.4 million diesel engines to the market. It ranks first nationwide in market share and installed base of large and medium-sized tractors, making remarkable contributions to China’s agricultural mechanization.
As a national brand, Dongfanghong (East Red) enjoys massive popularity and a large loyal customer base in China’s agricultural machinery market. It has won numerous honors including Most Influential Brand, Innovative Product Brand and Nationwide Customer-Satisfying Agricultural Machinery Brand for consecutive years. The Dongfanghong trademark is recognized as one of China’s first Well-Known Trademarks. Designated by the Ministry of Industry and Information Technology, YTO acts as the chain leader of the tractor industrial chain and a single-item champion manufacturer for large and medium tractors. YTO Co., Ltd. is selected by SASAC as a model enterprise for building world-class specialized, sophisticated, distinctive and innovative enterprises, and is listed as a leading manufacturing enterprise in Henan Province.
In recent years, YTO has fully shouldered its mission to lead the advancement of agricultural machinery and safeguard national food security. Upholding the YTO spirit of Staying True to Original Aspirations, Committing to Missions, Uniting to Forge Ahead and Daring to Be Pioneers, as well as the management philosophy of Prioritizing Quality and Efficiency, Putting Customers First and Valuing Employees, the company seizes opportunities brought by national strategies to build an agricultural powerhouse, a manufacturing powerhouse and industrial transformation and upgrading. Adhering to the development strategy of Innovation-Driven Growth, Structural Optimization, Consumption Reduction and Environmental Protection, YTO continuously strengthens core functions and competitiveness, speeds up fostering technological innovation leadership in agricultural equipment, acts as the main force dominating the agricultural machinery industry, builds a backbone force for national food security, and strives to become a world-class enterprise featuring outstanding products, renowned brand, innovation leadership and modern governance.
