Xinjiang Machinery Research Institute

What Xinjiang Machinery Research Institute does

Xinjiang Machinery Research Institute Co., Ltd. (新疆机械研究院股份有限公司, stock code 300159.SZ) is a publicly listed Chinese agricultural machinery manufacturer headquartered in Urumqi, Xinjiang. Originally established in 1960 as the state-owned Xinjiang Mechanical Research Institute, the entity was restructured into a joint-stock company in 2009 and listed on the Shenzhen Stock Exchange ChiNext Board in January 2011, becoming the first listed company in China's agricultural machinery manufacturing industry. The company operates under the 'Musen' (牧神) brand and is controlled by Xinjiang Commerce and Logistics Group, a state-owned enterprise.

The company's core product portfolio is organized around four categories: self-propelled corn harvesters (3-10 row configurations across multiple series including 4YZB, 4YZS, 4YZX, 4YZJ, and stalk-ear combined models); silage/feed harvesters (4QZ series); specialty chili pepper harvesters (4JZ-3600 series, holding over 90% market share in Xinjiang); and tillage/seeding equipment including power rotary harrows, no-till precision seeders, combined tillage machines, and reversible plows. Underlying technologies include proprietary non-row-restricted (不对行) harvesting systems, hydrostatic drive chassis (with imported pump/motor components such as Danfoss and German Linde hydraulic systems), modular quick-attachment headers enabling dual-use machines, and patented ear-picking headers with interlaced knife stalk-cutting mechanisms. The company holds 190+ patent applications with 68 effective patents (as of 2018) and operates three provincial-level R&D bases plus a national-local joint engineering research center.

Revenue is generated primarily through hardware sales of agricultural machinery via a nationwide exclusive dealer network, direct sales hotlines (400-0991-318), and an export department serving Russia/CIS markets, supplemented by after-sales services, spare parts, and maintenance contracts. The company also operates a secondary aerospace structural components business through its wholly-owned subsidiary Sichuan Xinhang Titanium Technology, serving military and civilian aircraft OEMs, aero-engine manufacturers, and research institutes under the national military-civilian integration strategy. As of Q1-Q3 2023, the company reported revenue of RMB 837.4 million (down 42.6% year-on-year), a net loss of RMB 108.3 million, total assets of RMB 3.4 billion, and a liability-to-asset ratio of 97%. A delisting risk warning was imposed by the Shenzhen Stock Exchange in 2026.

Name

Xinjiang Machinery Research Institute

Legal name

新疆机械研究院股份有限公司

Website

https://xjjxy.com.cn

Company type

Public

Founded year

1960

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Xinjiang Machinery Research Institute (300159.SZ) is a Chinese manufacturer of agricultural machinery — corn, silage, and chili pepper harvesters plus tillage equipment — sold via exclusive dealers to farmers and cooperatives across China, with a secondary aerospace structural components business.

Ownership category

akta.pro rank

Product category

Agricultural Machinery

NAICS

Farm Machinery and Equipment Manufacturing (333111)

SIC

Special Industry Machinery (No Metalworking Machinery) (3550)

akta.pro industry

PRIMARYIMACAFAB

Agricultural Tractor & Field Machinery Vehicle Manufacturing

Industrials, Manufacturing & Construction/Automotive & Mobility Manufacturing/Off-Highway & Specialty Vehicle Manufacturing (Construction/Agriculture/Mining)

Keywords

• Agricultural machinery manufacturing
• Corn harvester equipment
• Silage forage harvesters
• Chili pepper harvesters
• Tillage seeding equipment

Headquarters

HQ city

Wulumuqi

HQ country

China

HQ region

Asia

Offices6 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Agricultural Machinery Manufacturing and Sales: The company generates revenue primarily through the design, manufacturing, and sale of agricultural machinery including corn harvesters, silage harvesters, chili pepper harvesters, power harrows, precision sowing machines, and related equipment. Products are sold through dealer networks, direct sales, and export channels. The company also derives revenue from spare parts, after-sales services, and maintenance support.
2. Professional Services and Maintenance: Revenue generated from after-sales service centers, spare parts centers, maintenance manual provision, and second-hand machine services.
3. Aerospace Structural Components: The company operates a dual主业 (dual main business) structure including aerospace business through subsidiary 四川新航钛科技有限公司, manufacturing aviation and aerospace structural components for military and civilian aircraft主机厂 ( OEMs), aero-engine manufacturers, and research institutes.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels4 records

Core offering

Xinjiang Machinery Research Institute (stock code: 300159.SZ) is a high-tech enterprise that designs, manufactures, and sells agricultural and livestock machinery under the "Musen" (牧神) brand, including self-propelled corn harvesters, silage/feed harvesters, chili pepper harvesters, power rotary harrows, and no-till precision seeders. The company also operates an aerospace structural components business through subsidiary Sichuan Xinhang Titanium Technology, serving military and civilian aircraft OEMs.

Product overview

Xinjiang Machinery Research Institute (新疆机械研究院股份有限公司, stock: 300159.SZ) is a high-tech enterprise specializing in agricultural and livestock machinery research, design, manufacturing, and sales. The company's product portfolio is organized into four main categories: (1) Corn harvesters — including the flagship 牧神 series self-propelled corn ear harvesters (4YZB, 4YZS, 4YZX, 4YZJ series), available in 3/4/5/6/8/10-row configurations for different regional markets, plus stalk-ear harvesters that simultaneously collect corn straw; (2) Silage/feed harvesters — including the 4QZ series self-propelled silage (green/yellow) feed harvesters with 9m³ feed boxes and four-wheel drive options; (3) Chili pepper harvesters — the 4JZ-3600 series self-propelled chili pepper harvesters (both A and B models) that handle line and slab peppers, holding over 90% market share in Xinjiang; (4) Tillage and seeding equipment — including the 牧神 1BX power rotating harrows (2.4/3.0/3.5/4.0/5.0m), no-till precision seeders (2BMSFZ, 2BMF), combined tillage machines (1ZL), and reversible plows (1LFT series). The company also exports Russian-language models for CIS markets. Key differentiators include hydraulic drive systems, interchangeable headers for multi-crop harvesting, and positive pressure cabs.

Differentiator

Problem solved

Functional benefit

Brands

• 牧神 (Mushen): The company's primary agricultural machinery brand, specializing in corn harvesters, silage harvesters, chili pepper harvesters, and power rotary harrows. The Mushen series agricultural machinery has been recognized as 'Xinjiang Famous Brand Products'.

Products and services

• Musen M20 Combine Harvester (4LZ-18S self-propelled grain combine) 4LZ-18S self-propelled grain combine harvester featuring world-advanced single longitudinal axis flow threshing separation drum technology for efficient wheat harvesting.
• Musen M12 Self-Propelled Grain Combine Harvester M12 self-propelled grain combine harvester using world-advanced full-axis flow threshing separation drum technology, compatible with 6/7/8-row corn headers and 4.5/5.4m wheat headers.
• Musen 4YZB-10A/10AS Self-Propelled Corn Harvester Large 10-row self-propelled corn harvester with 240hp Yuchai engine, interchangeable headers, and optional hydraulic drive; can pair with Musen 4QX-2200 silage header for dual-use.
• Musen 4YZB-6E/6ES/8E/8ES Self-Propelled Corn Harvester Large self-propelled corn harvester series available in 6-row and 8-row configurations, with 260hp engine, imported hydraulic drive, positive pressure cab, and interchangeable headers.
• Musen 4YZX-8/8S Self-Propelled Fresh Food and Seed Corn Harvester Self-propelled fresh food and seed corn harvester with patented ear-picking header, operating speed up to 9km/h, hydraulic drive, and 35km/h travel speed.
• Musen 4YZJ-5S/6S Self-Propelled Ear-Stalk Harvesting Corn Machine Self-propelled combined ear-stalk harvesting corn machine that simultaneously harvests corn ears and stalk/straw for silage or feed use.
• Musen 4YZS-8 Self-Propelled Seed Corn Harvester First domestic self-propelled seed corn harvester, capable of both seed corn and fresh food corn harvesting, with national invention patent ear-picking header, achieving total loss rate ≤3% and grain breakage ≤0.6%.
• Musen 4YZB-4E Stalk-Ear Harvesting Corn Machine Dual-layer header stalk-ear harvesting corn machine with spiral roller ear-picking and reciprocating knife straw-cutting, imported hydraulic drive, 240hp Yuchai engine.
• Musen 4QZ-3000BS Self-Propelled Silage (Green/Yellow) Feed Harvester Self-propelled silage harvester with 9m³ feed box, four-wheel drive option, 270° rotating discharge tube, patented header for lodging crops.
• Musen 4QZ-3000B Self-Propelled Silage Feed Harvester Self-propelled silage feed harvester with hydrostatic drive and intelligent controls.
• Musen 4JZ-3600B Self-Propelled Chili Pepper Harvester Self-propelled chili pepper harvester with 3.6m non-row-specific header, flexible picking drums for line and slab peppers, 190hp engine, full hydraulic drive, new positive pressure cab.
• Musen 4JZ-3600A Self-Propelled Chili Pepper Harvester Self-propelled chili pepper harvester capable of harvesting both line peppers and slab peppers, featuring full hydraulic drive, 190hp engine, 6.9m³ self-unloading hopper, and new positive pressure cab.
• Musen 4KZ-275 Self-Propelled Straw Harvesting and Baling Machine First domestic self-propelled straw harvesting and baling machine, capable of harvesting corn straw, cotton stalks, and wheat straw with 90%+ recovery rate.
• Musen 1BX Series Power Rotary Harrow Power rotating harrow replacing traditional soil preparation tools, completing soil crushing, leveling, and compaction in one pass while protecting soil moisture and forming an ideal seed bed. Available in 2.4m, 3.5m, 4.0m, and 5.0m folding widths.
• Musen 2BMSFZ-2 No-Till Precision Fertilizer Seeder No-till precision fertilizer seeder completing ditching, fertilizing, sowing, covering, and compacting in one pass, matching 30-50hp four-wheel tractors with intelligent sowing monitoring.
• Aerospace Structural Components Aviation and aerospace structural components manufactured by subsidiary Sichuan Xinhang Titanium Technology for military aircraft main factories, civilian aircraft OEMs, aero-engine manufacturers, and research institutes.

Quantifiable outcome

• Chili pepper harvesting: one Musen machine replaces 400 workers, completing 80-120 mu per day vs. 500kg per person per day manually
• +5 more outcomes

Named customers6 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

Six partnerships are on record, tiered core and minor.

• 吉林大学 (Jilin University)coreStrategic or Co-development PartnerDeep academic partnership for joint R&D projects, including the development of new agricultural machinery products such as oil sand bean (油沙豆) harvesters. The company collaborates with Jilin University on technology development and talent cultivation through joint postgraduate training demonstration bases.
• 东北农业大学 (Northeast Agricultural University)coreStrategic or Co-development PartnerStrategic R&D partnership providing academic support and research capabilities alongside Jilin University. The company collaborates with the university for joint postgraduate training demonstration bases and agricultural machinery technology development.
• Shandong and Jilin R&D Bases (省级企业技术中心)coreStrategic or Co-development PartnerThree R&D bases in Xinjiang, Shandong, and Jilin have been recognized as provincial enterprise technology centers by their respective provincial governments. These serve as the company's primary innovation infrastructure.
• 农牧机械关键技术与装备国家地方联合工程研究中心 (National-Local Joint Engineering Research Center for Key Technologies and Equipment in Agricultural Machinery)coreStrategic or Co-development PartnerNational-local joint engineering research center established based at the company, focusing on key agricultural machinery technologies and equipment development. It serves as the company's flagship research platform.
• 新疆巴州焉耆县宝瑞农机销售公司 (Baorui Agricultural Machinery Sales)minorChannel Partner/ Reseller/ DistributorExclusive distributor of Musen full product range in Xinjiang's Yanqi County. Established in 2015, the company sells approximately 50 units of Musen equipment annually, including over 20 chili pepper harvesters.
• 农机经销商网络 (Agricultural Machinery Dealer Network)minorChannel Partner/ Reseller/ DistributorNationwide network of agricultural machinery dealers serving Xinjiang Machinery Research Institute's products across China, including dealers in Inner Mongolia, Northeast China, and North China Plain regions.

Scale indicators8 records

Recent moves7 records

Expansion highlights5 records

Broad incumbents

• CLAAS: German global leader in combine harvesters and forage harvesters. Competes in the high-end silage and grain harvester categories that Xinjiang Machinery Research Institute also targets.
• AGCO: Global agricultural equipment manufacturer (Massey Ferguson, Fendt, Valtra). Competes in tractors and harvesters with comparable precision-agriculture and modular header technology investments.
• SDF Group: Italian agricultural machinery manufacturer (Same, Deutz-Fahr, Lamborghini Trattori) producing tractors, combines, and specialty harvesters. Comparable as a mid-sized European OEM competing in harvesters and specialty crop equipment.
• John Deere: Global agricultural machinery incumbent with a strong presence in China. Competes in harvesters, tractors, and tillage equipment, and represents the long-term competitive benchmark for product technology.
• CNH Industrial (Case IH / New Holland Agriculture): Global ag-machinery leader with Case IH and New Holland brands covering combines, forage harvesters, and specialty crop equipment. Comparable in product breadth and international market reach.
• Zoomlion Heavy Industry Science and Technology: Diversified Chinese heavy machinery leader with a sizable agricultural machinery division. Competes broadly in harvesters, tractors, and tillage equipment as part of a wider construction-and-ag equipment portfolio.
• Kubota: Japanese agricultural machinery leader with established combine and tractor product lines, including small-plot and Asian-market machinery relevant to Xinjiang's terrain and crop profile.

Direct peers

• First Tractor Company: Major Chinese tractor and agricultural machinery manufacturer, listed in Hong Kong and Shenzhen. Competes directly in farm power machinery, harvesters, and tillage equipment for the Chinese market.
• Lovol Heavy Industry (Weichai Lovol): One of China's largest agricultural machinery manufacturers producing corn harvesters, silage harvesters, and tractors. Directly competes with Musen across core product lines in domestic Chinese markets.

Regional players

• Mahindra & Mahindra (Farm Equipment Sector): World's largest tractor manufacturer by volume, focused on India and emerging markets. Comparable as a regional farm-machinery leader with similar product breadth in tractors, harvesters, and tillage.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/xinjiang-machinery-research-institute-co-ltd

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Xinjiang Machinery Research Institute