Over the years, the company has always adhered to a moderately diversified business development strategy with outstanding main business, and is committed to providing agricultural equipment with advanced technology and reliable quality for agricultural mechanization in China. It is mainly engaged in R&D, manufacturing and sales of agricultural machinery, power machinery and their parts products. Finance companies, which are holding subsidiaries of the Company, mainly carry out financial service businesses such as capital settlement and financing between enterprise group member units, and also provide financial service support for the company's product sales. Agricultural machinery business: Products include R&D, manufacturing and sales of a full range of products for agricultural production, wheeled and crawler tractor products adapted to different operating environments such as dry fields, paddy fields, orchards, etc., and key components such as castings, gears, transmissions, and covers. Power machinery business: Products include off-road diesel engines with a displacement of 2L to 12L and a power of 10KW to 405KW, and components such as fuel injection pumps and fuel injectors associated with them. The products mainly support agricultural machinery such as tractors and harvesters, and can also provide support for construction machinery, low-speed vehicles, ships, generator sets, etc. Financial business: The financial company holding subsidiary of the Company is a non-bank financial institution approved by the China Banking Insurance Regulatory Commission. It carries out capital settlement, deposit, loan, and bill business for enterprise group members within the scope approved by the China Banking Insurance Regulatory Commission, and carries out financial leasing business for the company's product sales and investment business that complies with the regulations of the supervisory authority.
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