Zhejiang Xinglaihe Agricultural Equipment Co., Ltd. was established in December 2015. It is a modern agricultural equipment manufacturing enterprise under China Xingyue Group. The company aims to "make high-quality agricultural machinery and create first-class brands" and revitalize national brands as its mission, and is committed to Research, manufacturing and sales of agricultural machinery such as high-speed rice transplanters, small tractors, diesel engines. It is a national high-tech enterprise, a leading agricultural enterprise in Zhejiang Province, an AAA enterprise in Zhejiang Province abides by contracts and credits, and has the word "product" logo for manufacturing in Zhejiang. In November 2023, it received strategic investment from Guotou Investment Management Co., Ltd. to support the company in the research and development iteration, production capacity construction and market expansion of high-speed rice transplanters, small wheeled tractors and other agricultural comprehensive mechanized products.

The company's products cover more than ten agricultural machinery products such as "Star and Moon God" brand series rice transplanters and supporting side deep fertilizer machines, small tractors, diesel engines, etc. It has advanced manufacturing equipment such as agricultural machinery and equipment manufacturing processing center, steel structure welding processing center, rice transplanter, tractor assembly and debugging production line, engine intelligent assembly and debugging production line, coating production line, gear inspection center, tractor inspection center, engine inspection center and other advanced manufacturing equipment 30 Multiple. The self-made rate of product parts has reached more than 85%, and it now has an annual production capacity of 20,000 high-speed rice transplanters, 150,000 diesel engines, 100,000 tractors and parts production capacity.

Xingyue Shen Agricultural Machinery Series products have now obtained 104 patents, including 17 invention patents, 75 utility model patents, and 12 appearance design patents. Many products have passed the agricultural machinery promotion and appraisal of the agricultural and rural departments. At present, high-speed rice transplanter products have covered all rice production areas. Small tractors have 25 horsepower and 30 horsepower, TB series 40 horsepower, TC series 50 horsepower, and TD series 40 horsepower have all passed the agricultural machinery promotion and appraisal of the agricultural and rural departments, and It has been put into domestic and foreign markets, and the production and sales situation is very good. The newly built production base has been officially put into production.

The company insists on innovation empowerment and independently developed the XY377-C small three-cylinder diesel engine, which has become a domestic small-bore and multi-cylinder diesel engine that has reached the National IV emission standards earlier. The XY477 series four-cylinder diesel engine and the XY484 series four-cylinder diesel engine have completed the National IV emission test. The 2ZG-4QR four-row ride transplanter adapted to mountain and hilly small fields was successfully launched on the market and was recognized by farmers. The special rice transplanter is equipped with synchronous side deep fertilizer, special rice transplanter for hybrid rice seed production, special rice transplanter for Northeast rice flower fragrance, and other special rice transplanter for rice planting.