ABSTRACT: In this work, we sought to understand how breeding has affected photosynthesis and to identify key photosynthetic indices that are important for increasing maize yield in the field. Our 2-year (2017-2018) field experiment used five high-yielding hybrid maize cultivars (generated in the 1970s, 2000s, and 2010s) and was conducted in the Xinjiang Autonomous Region of China. We investigated the effects of planting density on maize grain yield, photosynthetic parameters, respiration, and chlorophyll content, under three planting density regimens: 75,000, 105,000, and 135,000 plants ha-1. Our results showed that increasing planting density to the medium level (105,000 plants ha-1) significantly increased grain yield (Y) up to 20.32% compared to the low level (75,000 plants ha-1). However, further increasing planting density to 135,000 plants ha-1 did not lead to an additional increase in yield, with some cultivars actually exhibiting an opposite trend. Interestingly, no significant changes in photosynthetic rate, dark respiration, stomatal density, and aperture were observed upon increasing planting density. Moreover, our experiments revealed a positive correlation between grain yield and the net photosynthetic rate (Pn) upon the hybrid release year. Compared to other cultivars, the higher grain yield obtained in DH618 resulted from a higher 1000-kernel weight (TKW), which can be explained by a longer photosynthetic duration, a higher chlorophyll content, and a lower ratio of chlorophyll a/b. Moreover, we found that a higher leaf area per plant and the leaf area index (HI) do not necessarily result in an improvement in maize yield. Taken together, we demonstrated that higher photosynthetic capacity, longer photosynthetic duration, suitable LAI, and higher chlorophyll content with lower chlorophyll a/b ratio are important factors for obtaining high-yielding maize cultivars and can be used for the improvement of maize crop yield.