What's Going On With Yimutian Stock Friday?

Yimutian Inc. (NASDAQ:YMT) stock rose Friday after the company announced two strategic growth initiatives. The firm said it signed a cooperation agreement to develop a large agricultural project in southern China. Large-Scale Farm Project In Guangdong The company plans to co-develop an integrated farmland initiative in Huazhou City, Guangdong Province, with regional partners. The project spans more than 21,000 mu, equal to roughly 1,400 hectares, according to the company. Yimutian aims to raise land efficiency, digitize farm operations, and modernize agricultural circulation systems across the site. The agreement assigns Yimutian responsibility for digital platforms, data systems, and AI-based agricultural tools. Local partners will manage land coordination, infrastructure alignment, and on-the-ground execution. The development strategy centers on farmland consolidation, smart cultivation technology, and agricultural value-chain expansion. Planned upgrades include soil improvement, irrigation optimization, and improved field connectivity. The company also intends to deploy AI-powered planting analytics, demand forecasting, and supply-chain oversight systems. Yimutian said the initiative will support branded agricultural products and processing services. The Huazhou project marks the company’s second integrated farmland effort in Maoming City. An earlier project in Maonan District remains operational, bringing total managed land to about 35,000 mu. Proposed Camellia Oil Acquisition Separately, Yimutian announced a preliminary acquisition agreement with Hunan Jiufeng Agriculture Co., Ltd. Jiufeng produces premium camellia oil and operates a vertically integrated cultivation and processing business. The target company has invested roughly 110 million Chinese yuan ($15.85 million) in oil-tea plantations covering nearly 30,000 mu. Jiufeng also participates in a broader agricultural consortium managing more than 150,000 mu. Yimutian plans to integrate AI tools across cultivation, manufacturing, and consumer distribution channels. “Our long-term vision is to create a technology-driven agricultural ecosystem that connects production with consumption,” said Jinhong Deng, chairman and CEO. The transaction remains subject to due diligence, final agreements, and standard closing conditions. YMT Price Action: Yimutian shares were up 3% at $1.85 during premarket trading on Friday, according to Benzinga Pro data. Photo via Shutterstock