To improve the forming quality of agricultural tractor engine hood and effectively solve the problems of wrinkling and cracking during the drawing forming process, DYNAFORM 5.9 finite element software was used for numerical simulation of the part. Based on a comprehensive scoring method of orthogonal experiments and grey relational analysis, the critical process parameters affecting the “maximum thickening rate” and “maximum thinning rate” were determined. Latin hypercube sampling was used to randomly sample the key process parameters, and the sampled samples served as the data basis for the optimization stage of the neural network genetic algorithm function; an optimization model of the neural network genetic algorithm function was established, with the key process parameters, and the “maximum thickening rate” and “maximum thinning rate” as inputs and outputs respectively, to construct a nonlinear mapping relationship and optimize the process parameters. The study showed that the blank holder force and die clearance had the greatest impact on the “maximum thickening rate” and “maximum thinning rate”, identifying them as key process parameters; the optimal process parameter combination was the blank holder force of 462.71 kN, the die clearance of 1.09 mm, and corresponding “maximum thickening rate” and “maximum thinning rate” of 3.97% and 25.96%, respectively. Overall, this research provides a practical optimization strategy to solve the quality issues of the engine hood, offering a theoretical basis for its actual production and processing with significant practical application value.