From 20 16, CITIC Group became the controlling shareholder of Longping Hi-Tech. CITIC Group is a state-owned enterprise, and enterprises controlled by state-owned enterprises also belong to state-owned enterprises. So Longping Hi-Tech belongs to state-owned enterprises.
Longping High-tech Company is an agricultural industrialization enterprise, established in 1999, and headquartered in Changsha City, Hunan Province. The company takes hybrid rice and hybrid corn seed industry as the core, and mainly focuses on seed industry. At present, the market share of hybrid rice seeds ranks first in the world, the promotion area of hybrid pepper seeds ranks first in the country, and the promotion area of hybrid cotton seeds ranks third in the country. Hybrid corn planting industry is rapidly entering the forefront of the country.