First Tractor Co Ltd (First Tractor), a subsidiary of YTO Group Corp, is primarily involved in the development, manufacturing, and sales of agricultural machinery and equipment. Its product portfolio includes crawler tractors, wheeled tractors, diesel engines, harvesting machinery, and special vehicles. The company produces off-road diesel engines and other components such as castings and forgings, gears, gearboxes, cylinder blocks, crankshafts, oil injection pumps, and oil injection nozzles. First Tractor offers the products to customers of agricultural operations, earthwork operations, transportation operations, and fixed operations in Asia, South America, and Africa through the brand Dongfanghong and YTO.

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First Tractor actively serves national needs by focusing on agricultural equipment requirements such as intelligence, efficiency, energy conservation, and environmental protection. The company strives to overcome key "bottleneck" technologies and strengthens R&D in weak technical areas. Substantial progress has been made in high-end agricultural equipment research and application. In 2024, First Tractor Co Ltd completed the R&D and field reliability operation testing of 320-horsepower power shift tractors, 320-horsepower and 240-horsepower CVT tractors. The Dongfanghong LW4504, the largest power CVT wheeled tractor made in China, completed prototype manufacturing. To address the gap in domestic hilly and mountainous terrain tractors, the company increased technical investment, completed the development of 30-50 horsepower hillside tractors, and put them into complete machine testing. Additionally, 50-80 horsepower complete machines have been delivered, achieving the first batch market application of hillside tractors in China. The company also upgraded existing products, completed preparation work for power shuttle products, implemented comfort system upgrades for complete machines, and optimized users' driving experience. In FY2024, the company spent CNY461.3 million on R&D, which as a percentage of revenue, stood at 3.87% and declined 11.9% YoY.