On July 29th, a delegation led by Zhao Jianguo, Party Secretary and Chairman of SINOMACH Finance Co., Ltd. (hereinafter referred to as SINOMACH Finance Co., Ltd.) and SINOMACH Industrial Investment (Beijing) Co., Ltd. (hereinafter referred to as SINOMACH Industrial Investment Co., Ltd.), visited YTO China for business cooperation and exchanges. YTO China Party Secretary and Chairman Zhao Weilin received and accompanied them on a tour of the Dongfanghong Intelligent Innovation Space, the Large Tractor Company, the Small and Medium Tractor Company, and the Diesel Engine Company. Yu Lina, Member of the Standing Committee of the YTO China Party Committee and Deputy General Manager of YTO Group, Liu Bin, Member of the Standing Committee of the YTO China Party Committee and Chief Financial Officer of YTO Group, Du Bin, Interim Party Committee Member, Deputy General Manager, and Chief Financial Officer of SINOMACH Industrial Investment Co., Ltd., and Bao Zhiwei, Member of the Party Committee of SINOMACH Finance Co., Ltd. and Assistant to the General Manager, also participated in the activities.
During the discussion, Zhao Weilin introduced YTO’s production and operations, the 15th Five-Year Plan, intelligent manufacturing, digital transformation, and international operations. He expressed his hope that this signing would serve as an opportunity to leverage YTO’s advantages in high-end agricultural machinery manufacturing, industrial investment, and financial services, focusing on YTO’s actual needs in intelligent manufacturing and international operations. He expressed his hope that this agreement would serve as an opportunity to identify key areas for collaboration, deepen cooperation, and support the high-quality development of the group’s agricultural machinery manufacturing industry.
Zhao Jianguo stated that YTO is a benchmark enterprise in my country’s agricultural machinery industry, and its “Dongfanghong” brand is world-renowned. SINOMACH Finance and SINOMACH Industrial Investment will focus on YTO’s needs, make targeted efforts, and continuously deepen collaborative cooperation to contribute financially to the high-quality development of the group’s agricultural machinery manufacturing industry.
Liu Bin, Du Bin, and Bao Zhiwei, representing the three parties, signed a strategic cooperation agreement, agreeing to strengthen internal collaboration in areas such as financial credit, capital operations, and asset management, and to develop in-depth, comprehensive cooperation to support the group’s agricultural machinery exports.
During their visit to YTO, Zhao Jianguo and his delegation toured the Dongfanghong Intelligent Innovation Space and visited the production lines of the Diesel Engine Company, the Large Tractor Company, and the Small and Medium Tractor Company, gaining a firsthand understanding of YTO’s R&D, production, and intelligent manufacturing.
Directors from the Financial Business Department and Henan Branch of SINOMACH Finance, the Industrial Investment and Financing Business Department, the General Management Department, the Corporate Services Department, the SINOMACH Fund, and YTO’s Strategic Investment Department, the Finance Department, and the General Office attended the event.
