Hunan Nongyou Machinery Group Co., Ltd. was established in 1995. It covers an area of nearly 300 mu and has a standard workshop of 90,000 square meters. Over the past 20 years, it has been positioned in the development of agricultural machinery in Hilly and mountainous areas. It mainly produces dryers, harvesters, tractors, rotary tillers, combined rice mills and other agricultural machinery products in Hilly and mountainous areas. It has four professional subsidiaries, such as Nongyou Stock and Nongyou Shengtai. Three companies in the group have been recognized as high-tech enterprises. In March 2018, Nongyou Stock Company successfully listed the new third board. The group company is a national technology innovation demonstration enterprise, a national industrial enterprise brand cultivation demonstration enterprise, a key high-tech enterprise of the national torch plan, a member of the China Agricultural Machinery Standardization Technical Committee and an intelligent manufacturing demonstration enterprise in Hunan Province. The company's technology center is the only national enterprise in the agricultural machinery industry in southern hilly and mountainous areas. Industrial Technology Center. 

The company has independently developed its core technology and set up the only provincial enterprise science and technology innovation team in Hunan agricultural machinery industry. At present, it has 151 national patents, including 41 invention patents and 1 Hunan Patent Award. It leads or participates in the formulation of 3 National standards, 10 industry standards and 7 provincial and local standards, and 11 technological achievements are domestic. Leading, 22 domestic advanced achievements, 3 achievements won the Hunan Provincial Science and Technology Progress Award, and 2 achievements won the Loudi City Science and Technology Progress Award. Insisting on the cooperation of production, education and research, Hunan Agricultural University and Hunan Agricultural University jointly established the Hunan Modern Agricultural Equipment Engineering Technology Research Center, led the formation of Loudi Agricultural Machinery Technology Innovation Strategic Alliance in Hunan, and with Central South University, Hunan University, South China Agricultural University, Central South University of Forestry Science and Technology, Hunan Institute of Humanities and Technology, provincial agricultural machinery appraisal station, etc. Colleges and research institutes have established close cooperation.