证券代码：002481 证券简称：双塔食品 编号：2025-061 烟台双塔食品股份有限公司 关于回购股份比例达到 1%的进展公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整， 没有虚假记载、误导性陈述或重大遗漏。 烟台双塔食品股份有限公司 二、其他说明 公司回购股份的时间、回购股份的数量、回购价格等方面符合《深圳证券交易 所上市公司自律监管指引第9号——回购股份》的相关规定。 1、公司未在下列期间回购股份： （1）自可能对本公司证券及其衍生品种交易价格产生重大影响的重大事项发 生之日或者在决策过程中，至依法披露之日内； 烟台双塔食品股份有限公司（以下简称"双塔食品"或"公司"）于2025年4 月21日召开第六届董事会第十二次会议，审议通过了《关于回购公司股份方案暨取 得回购专项贷款承诺书的议案》。公司拟使用回购专项贷款及自有资金以集中竞价 交易方式回购公司部分人民币普通股A股股份。本次回购的股份将在未来适宜时机 用于实施股权激励或员工持股计划。本次回购股份金额不低于人民币2.00亿元（含 本数）且不超过人民币3.00亿元（含本数）。回购价格按照上限不高于公司董事会 审议通过回购股份方案决议前3 ...

Core Viewpoint - The pre-prepared food industry in China, also known as semi-finished or ready-to-eat meals, is characterized by a diverse range of participants, including specialized manufacturers, agricultural enterprises, and restaurant chains, with significant revenue generation and varying growth rates across companies [3][6]. Industry Overview - The pre-prepared food industry in China includes upstream sectors such as agriculture and food processing, midstream processing companies like Yike Food and Anjuke Food, and downstream distribution channels including e-commerce [1]. - Major players in the industry include Shuanghui Development, Guangming Meat, Yike Food, and Anjuke Food, with annual revenues exceeding 10 billion yuan [3][6]. Company Performance - Shuanghui Development leads the market with a revenue of 595.61 million yuan and a market capitalization nearing 100 billion yuan as of April 22, 2025 [4][6]. - Anjuke Food reported a revenue of 110.77 million yuan with a growth rate of 7.84%, while other companies like Longda Meishi and Guolian Aquatic faced revenue declines of 20.70% and 24.14%, respectively [4][6]. - In the first half of 2024, Anjuke Food's frozen prepared food segment achieved a 13.04% year-on-year growth, contrasting with the overall industry trend of declining revenues [6][7]. Revenue Trends - The overall revenue growth for pre-prepared food companies is expected to be below 10% in 2024, with many companies experiencing revenue declines [3][6]. - The revenue from overseas operations is significant for companies like Sanquan Food, which reported 94.23 billion yuan in 2024, with overseas revenue accounting for 42.86% of total revenue [8]. Market Dynamics - The pre-prepared food industry is characterized by a diverse range of participants, including specialized manufacturers and cross-industry players, indicating a competitive landscape [3][6]. - The industry is facing challenges with revenue growth, as many companies reported negative growth rates in 2024, highlighting the need for strategic adjustments [4][6].

Core Viewpoint - Yantai Shuangta Food Co., Ltd. has approved a share repurchase plan, intending to buy back shares using special loans and its own funds, with a total amount between RMB 200 million and RMB 300 million [3] Group 1: Share Repurchase Plan - The company plans to repurchase shares through centralized bidding, with the repurchased shares to be used for employee stock ownership plans or equity incentives in the future [3] - The maximum repurchase price is set at RMB 7.95 per share, based on the average trading price over the previous 30 trading days [3] - Following the implementation of the 2024 annual equity distribution, the repurchase price cap will be adjusted to RMB 7.93 per share starting from July 15, 2025 [3] Group 2: Progress of Share Repurchase - As of August 31, 2025, the company has repurchased 10,910,199 shares, accounting for approximately 0.88% of the total share capital [4] - The highest transaction price during the repurchase was RMB 5.52 per share, while the lowest was RMB 5.03 per share, with a total expenditure of RMB 56,751,698.1, including transaction fees [4] - The repurchase activities are in compliance with relevant regulations and the company's repurchase plan [4] Group 3: Future Actions - The company will continue to make repurchase decisions based on market conditions and will fulfill its information disclosure obligations in accordance with relevant laws and regulations [5]

Summary of Key Points - The company, Shuangta Food (002481.SZ), announced a share buyback program, repurchasing a total of 10,910,199 shares, which represents approximately 0.88% of its total share capital [1] - The highest transaction price during the buyback was 5.52 CNY per share, while the lowest was 5.03 CNY per share [1] - The total amount paid for the share buyback was 56.75 million CNY, including transaction fees [1]

本公司及董事会全体成员保证信息披露的内容真实、准确、完整， 没有虚假记载、误导性陈述或重大遗漏。 烟台双塔食品股份有限公司（以下简称"双塔食品"或"公司"）于2025年4 月21日召开第六届董事会第十二次会议，审议通过了《关于回购公司股份方案暨取 得回购专项贷款承诺书的议案》。公司拟使用回购专项贷款及自有资金以集中竞价 交易方式回购公司部分人民币普通股A股股份。本次回购的股份将在未来适宜时机 用于实施股权激励或员工持股计划。本次回购股份金额不低于人民币2.00亿元（含 本数）且不超过人民币3.00亿元（含本数）。回购价格按照上限不高于公司董事会 审议通过回购股份方案决议前30个交易日公司股票交易均价的150%，即不高于人民 币7.95元/股。公司2025年7月8日披露了《2024年度权益分派实施公告》（公告编 号：2025-045）本次权益分派实施后，公司将按照相关规定对回购价格上限进行相 应调整。自本次权益分派除权除息之日（即2025年7月15日）起，公司回购价格上 限由7.95元/股调整为7.93元/股。实施期限为自公司董事会审议通过回购股份方案 之日起6个月内。具体情况详见公司披露于巨潮资讯网的《回购股 ...

Core Viewpoint - The European Union has initiated an anti-dumping investigation against Chinese pea protein, which may impact the sales of Yantai Shuangta Food Co., Ltd. in the EU market. Group 1: Overview of the Anti-Dumping Investigation - The investigation targets high-protein pea protein with a protein content exceeding 65% on a dry weight basis, covering all types derived from peas, in all physical forms [1]. - The investigation period for dumping and injury is set from July 1, 2024, to June 30, 2025 [2]. - The trend review period for damage assessment is from January 1, 2022, until the end of the investigation period [3]. Group 2: Potential Impact on the Company - In 2024, the sales revenue from pea protein with over 65% protein content exported to the EU is expected to account for approximately 3.92% of the company's total revenue. For the first half of 2025, this figure is projected to rise to 6.48% [4]. - The company currently cannot estimate the specific impact of the anti-dumping investigation due to the uncertainty surrounding the outcome, including potential tax subjects, forms, rates, and start dates [4]. Group 3: Company's Response Strategy - The company has established a special task force and hired a professional legal team to actively respond to the investigation [5]. - The company plans to expand into emerging international markets, strengthen domestic market development, and accelerate the construction of overseas factories [5]. - The company will closely monitor the progress of this matter and fulfill its information disclosure obligations in a timely manner [5].

Key Points - The stock price of Tianpu Co. has significantly deviated from its fundamentals after seven consecutive trading days of gains [1] - Dexin Technology clarified that it does not directly produce solid-state batteries after two consecutive trading days of gains [1] - Guizhou Moutai's controlling shareholder increased their stake by 67,821 shares, spending 100 million yuan [3] - Chint Electric has terminated the plan to spin off its subsidiary Chint Aneng for listing on the Shanghai Stock Exchange [4] - Chengdu Huamei launched a 40G high-precision RF direct sampling ADC chip [5] - ST Gaohong faces the risk of being delisted due to its stock price falling below par value [6] - Zhongtai Automobile's subsidiary assets are under compulsory execution, and the company is unable to resume operations this year [7] - The EU has initiated an anti-dumping investigation into Chinese pea protein [8] - Sierte is under investigation for suspected information disclosure violations by the China Securities Regulatory Commission [9] - Shenkai Co. disclosed the results of the tender offer from Shenzhen Huili and will resume trading on September 2 [10] Mergers and Acquisitions - Sudavige plans to acquire up to 51% of Changzhou Weipu Semiconductor Equipment Co., Ltd. [11] - Keli Sensor intends to purchase minority stakes in its subsidiary Huahong Technology for 121.5 million yuan [12] Operating Data - BYD's new energy vehicle sales in August reached 373,600 units, slightly up from 373,100 units in the same month last year [13] - SAIC Motor's vehicle sales in August were 363,400 units, a year-on-year increase of 41.04% [14] - Great Wall Motors sold 115,600 vehicles in August, marking a year-on-year growth of 22.33% [15] - BAIC Blue Valley's subsidiary sold 13,530 vehicles in August, up 3.47% year-on-year [16] - Hanma Technology's truck sales in August reached 1,051 units, a significant increase of 58.05% year-on-year [17] Shareholding Changes - Kesi Technology's key technical personnel Liang Hongjian plans to reduce their stake by up to 3% [18] - Longqi Technology's Suzhou Shunwei intends to reduce its stake by up to 4.09% [19] - Shengtai Group's Itochu Asia plans to reduce its stake by up to 3% [20] - Fangyuan Co.'s WISCO Yuanding intends to reduce its stake by up to 3% [21] - Dekeli's shareholder Qian Mingying and their concerted parties plan to reduce their stake by up to 3% [22] Contract Awards - Samsung Medical's wholly-owned subsidiary signed an overseas operating contract worth 5.88 million USD [24] - Yibin Technology received a project designation from a domestic new energy vehicle company, with an expected total sales of approximately 243 million yuan [24] - Teruid has pre-qualified for two projects with a total value of about 698 million yuan [24] - Xianghe Industrial recently signed a daily operating contract worth 400 million yuan [24] - Far East Holdings' subsidiary signed contracts worth over 1.689 billion yuan in August [24] Other Developments - Gujia Home intends to invest 1.124 billion yuan to build a self-owned base project in Indonesia [24] - Dongtu Technology is investing to establish a controlling subsidiary in the semiconductor sector [24] - Kangli Elevator has terminated the sale of its wholly-owned subsidiary Guangdong Kangli [24]

Core Viewpoint - The European market has initiated an anti-dumping investigation into Chinese pea protein, following similar actions in the U.S., posing significant challenges for the company, Doublestar Foods, which is the largest pea protein producer globally [1][2]. Group 1: Investigation Details - The European Commission has launched an anti-dumping investigation targeting pea protein products with a protein content exceeding 65%, initiated by a temporary alliance of EU pea protein producers [2][3]. - The investigation period is set from July 1, 2024, to June 30, 2025, with damage assessment starting from January 1, 2022 [2]. - Doublestar Foods' sales of the affected products to the EU are projected to account for approximately 3.92% of total revenue in 2024, increasing to 6.48% in the first half of 2025, indicating growth potential [2][3]. Group 2: Impact of U.S. Actions - The U.S. Department of Commerce imposed a final anti-dumping duty of 269.77% and a countervailing duty of 15.15% on Chinese pea protein on July 30, 2024, significantly impacting the company's U.S. operations [2][3]. - In 2022 and the first half of 2023, exports to the U.S. accounted for 8.14% and 9.92% of the company's total revenue, respectively [3]. Group 3: Company Response and Strategy - In response to the investigations, the company has established a special task force and hired a professional legal team to address the EU investigation, mirroring its strategy during the U.S. anti-dumping case [4][5]. - Doublestar Foods is diversifying its market presence by expanding into emerging international markets and enhancing domestic market efforts, with domestic sales revenue growing by 15.63% in the first half of 2025, reaching 53.89% of total revenue [5]. - The company is also advancing the construction of overseas factories, which may help mitigate the impact of trade barriers through flexible supply chain adjustments [5]. Group 4: Technological and Competitive Advantages - Doublestar Foods maintains a leading position in pea protein extraction technology, with expertise in various extraction methods and collaborations with universities for research and development [5][6]. - The company has developed multiple patents and participates in setting industry standards, reinforcing its technological "moat" against competition [6].

Core Viewpoint - The company is facing a potential anti-dumping investigation by the EU regarding its pea protein products, which may impact its sales and operations in the European market [1][3]. Group 1: Sales and Revenue Impact - In 2024, the sales revenue from pea protein with over 65% protein content exported to the EU accounted for approximately 3.92% of the company's total revenue [1]. - For the first half of 2025, this proportion increased to 6.48%, indicating a growing reliance on the EU market for high-protein pea products [1]. Group 2: Investigation Details - The EU Commission has initiated an anti-dumping investigation based on a complaint from a temporary alliance of EU pea protein producers, focusing on high-protein pea protein products with over 65% protein content [3]. - The investigation will cover all types of pea-derived products, including yellow and green peas, in various forms such as powder and solution [3]. - The investigation period is set from July 1, 2024, to June 30, 2025, with a damage assessment review period from January 1, 2022, until the end of the investigation [3]. Group 3: Company Response - The company has established a special task force and hired a professional legal team to actively respond to the ongoing investigation [1]. - The company plans to expand into emerging international markets, strengthen domestic market development, and accelerate the construction of overseas factories [1]. - The company will closely monitor the situation and fulfill its information disclosure obligations based on the developments of the EU anti-dumping matter [1].

Core Viewpoint - The European Union has initiated an anti-dumping investigation into Chinese pea protein, prompting the company to actively respond to the situation [1] Group 1: Company Overview - The company, Double Tower Foods, primarily engages in the production of pea protein, vermicelli, and dietary fiber, focusing on strengthening its core business and optimizing product structure [1][2] - In the first half of 2025, the company reported revenue of 1.047 billion yuan, a year-on-year increase of 6.18%, and a net profit of 54.36 million yuan, up 0.89% year-on-year [1] Group 2: Pea Protein Business - The company's pea protein business involves extracting pea protein as a byproduct from starch production for vermicelli, enhancing it to feed-grade and food-grade pea protein through technological advancements [2] - The company possesses industry-leading extraction technologies and collaborates with several universities for research in pea protein and peptide fields [2] - Pea protein offers advantages over other plant proteins, such as being non-GMO, allergen-free, cholesterol-free, and low in fat, with applications in various sectors including solid beverages, plant-based meat, energy bars, breakfast cereals, baked goods, and pet food [2] Group 3: Impact of Anti-Dumping Investigation - The investigation covers high-protein pea protein with over 65% protein content, with the investigation period set from July 1, 2024, to June 30, 2025 [1] - In 2024, the sales revenue of pea protein with over 65% protein content exported to the EU is expected to account for approximately 3.92% of the company's total revenue, while in the first half of 2025, this figure is projected to be around 6.48% [2] - The company has established a special task force and hired a professional legal team to address the investigation, while also planning to expand into new international markets and accelerate the construction of overseas factories [3]