Financial Performance - The company's operating revenue for 2024 was approximately ¥2.45 billion, a decrease of 0.32% compared to ¥2.46 billion in 2023[20]. - The net profit attributable to shareholders for 2024 was approximately ¥94.62 million, an increase of 1.48% from ¥93.24 million in 2023[20]. - The net cash flow from operating activities increased by 40.85% to approximately ¥324.94 million in 2024, compared to ¥230.69 million in 2023[20]. - Total assets at the end of 2024 reached approximately ¥4.69 billion, representing a 23.39% increase from ¥3.80 billion at the end of 2023[20]. - The company's net assets attributable to shareholders increased by 2.51% to approximately ¥2.62 billion at the end of 2024, compared to ¥2.55 billion at the end of 2023[20]. - The basic earnings per share remained stable at ¥0.08 for both 2024 and 2023[20]. - The weighted average return on equity decreased to 3.61% in 2024 from 3.87% in 2023[20]. - The total operating revenue for 2024 is CNY 2,447,997,211.4, a decrease of 0.32% compared to CNY 2,455,941,328.9 in 2023[48]. - The revenue from the pea protein segment increased by 2.09% to CNY 840,689,773.07, accounting for 34.34% of total revenue[49]. - The revenue from the vermicelli segment decreased by 0.84% to CNY 533,523,283.69, representing 21.79% of total revenue[49]. - The company’s gross profit margin for the agricultural and sideline food processing industry is 15.01%, showing a slight increase of 0.20% year-on-year[50]. - Domestic sales accounted for 59.09% of total revenue, while international sales made up 40.91%, with a year-on-year increase of 5.33% in international sales[49]. Cash Flow and Investments - The net cash flow from operating activities rose significantly by 40.85% to ¥324,939,966.19, primarily due to increased cash receipts from sales of goods and services[64]. - Cash and cash equivalents increased by 372.67% to ¥316,822,301.00, compared to a decrease of ¥116,193,025.95 in the previous year[64]. - Investment cash inflow decreased by 54.44% to ¥5,820,373.31, mainly due to a reduction in cash received from investment recoveries[65]. - The company reported a net cash outflow from investment activities of ¥256,595,115.27, which is a 66.55% increase in outflow compared to the previous year[66]. - Financing cash inflow surged by 171.83% to ¥3,056,621,102.21, attributed to an increase in bank loans[67]. - The company experienced a 113.18% increase in financing cash outflow to ¥2,808,143,652.13, primarily due to the repayment of maturing loans[68]. Market and Product Development - The company has identified a significant market opportunity in dietary fiber, with a reported daily intake deficiency of 50% among the general population in China[31]. - The company is focusing on expanding its pea protein business, leveraging its industry-leading extraction technology and partnerships with academic institutions[33]. - The dietary fiber produced from pea processing is being marketed as a key ingredient in various food products, highlighting its status as the "seventh essential nutrient"[35]. - The company has established a comprehensive multi-channel marketing network, including traditional retail, e-commerce, and food service channels[34]. - The company aims to enhance its market share in pea protein and related products, focusing on a full industry chain strategy[82]. - The company plans to leverage its unique academic partnerships to drive R&D in high-value products like pea protein and dietary fibers[82]. Research and Development - The company has maintained a strong focus on R&D to enhance product value and optimize its product structure[33]. - The company is focusing on R&D to enhance product value and has collaborated with several universities for innovation[48]. - The company has initiated a project to develop modified starch technology, which is expected to enhance product functionality and drive the transition to high-end food ingredients[61]. - Research and development expenses for 2024 were $65,669,850.62, a decrease of 4.23% from $68,572,573.04 in 2023[61]. - The number of R&D personnel decreased by 24.17% from 120 in 2023 to 91 in 2024, with the proportion of R&D personnel dropping from 15.46% to 11.50%[63]. Governance and Management - The company’s board consists of 9 members, including 3 independent directors, complying with legal and regulatory requirements[88]. - The company maintains a transparent information disclosure system, ensuring all shareholders receive timely and accurate information[89]. - The company has established independent financial management systems, with no shared bank accounts with the controlling shareholder, ensuring financial autonomy[92]. - The company has implemented a performance evaluation and incentive mechanism for directors and senior management, ensuring transparency and fairness[88]. - The company respects the rights of stakeholders and maintains good relationships with distributors and suppliers[89]. - The company’s governance structure aligns with the requirements set by the China Securities Regulatory Commission and the Shenzhen Stock Exchange[90]. Environmental and Social Responsibility - The company is classified as a key pollutant discharge unit and has implemented a closed-loop circular economy development model for wastewater treatment and pollution control[131]. - The company has upgraded pollution control facilities and ensured compliance with environmental standards through timely updates and maintenance[131]. - The company has developed a circular economy model that includes processes such as starch extraction, protein separation, and biogas purification, achieving zero pollution and zero emissions[139]. - The company has invested in environmental protection facilities and continuously optimized production operations to enhance pollutant control levels[134]. - The company has established a robust environmental monitoring system and has filed an emergency response plan for severe pollution weather with local authorities[134]. Employee and Stakeholder Engagement - The total number of employees at the end of the reporting period is 791, with 632 in the parent company and 159 in major subsidiaries[115]. - The professional composition includes 473 production personnel, 107 sales personnel, 120 technical personnel, 20 financial personnel, and 71 administrative personnel[115]. - The company has a competitive salary policy aimed at attracting and retaining various technical, professional, and managerial talents[117]. - The company has actively participated in various training programs to enhance employee skills and operational efficiency[118]. - The company’s management has undergone multi-level training to improve their capabilities and performance[118]. Shareholder and Dividend Information - The company reported a cash dividend of RMB 0.20 per 10 shares, totaling RMB 24,673,930, which represents 100% of the total profit distribution amount[121]. - The total distributable profit available for shareholders was RMB 1,085,013,354.80, indicating a strong profitability position[121]. - The company has not proposed any cash dividend distribution despite having positive distributable profits, indicating a potential strategy for reinvestment[121]. - The company’s profit distribution policy was executed in accordance with its articles of association and shareholder resolutions, ensuring transparency and compliance[120]. Risks and Challenges - The company faces risks related to raw material price fluctuations, which could impact profitability due to the volatility of agricultural product prices[4]. - The key audit matter identified was related to revenue recognition, highlighting the inherent risk of management manipulation to meet performance targets[195]. - The company's main raw materials are imported peas, which are subject to international price fluctuations, impacting inventory valuation[200].

Revenue and Profitability - Revenue for Q1 2025 was CNY 499,830,627.33, an increase of 14.88% compared to CNY 435,094,146.53 in the same period last year[5] - Net profit attributable to shareholders decreased by 78.54% to CNY 8,934,695.58 from CNY 41,626,198.96 year-on-year[5] - Net profit after deducting non-recurring gains and losses fell by 87.08% to CNY 5,211,330.75 compared to CNY 40,341,259.89 in the previous year[5] - Basic and diluted earnings per share dropped by 82.78% to CNY 0.0072 from CNY 0.0418 year-on-year[5] - Net profit for the current period was ¥8,079,390.75, a decrease of 80.3% from ¥40,949,384.44 in the previous period[18] - Operating profit decreased to ¥7,425,764.58, down 80.5% from ¥38,159,184.09 in the previous period[18] Cash Flow - Operating cash flow turned negative at CNY -29,914,939.12, a decrease of 124.09% from CNY 124,198,897.30 in the same period last year[5] - Cash flow from operating activities showed a net outflow of ¥29,914,939.12, compared to a net inflow of ¥124,198,897.30 in the previous period[19] - Cash flow from investing activities resulted in a net outflow of ¥117,442,322.85, worsening from a net outflow of ¥104,069,723.79 in the previous period[19] - Cash flow from financing activities generated a net inflow of ¥92,289,364.39, down from ¥122,799,880.51 in the previous period[20] - The ending cash and cash equivalents balance was ¥472,622,361.65, compared to ¥353,797,012.25 at the end of the previous period[20] Assets and Liabilities - Total assets at the end of the reporting period were CNY 4,624,527,803.12, a decrease of 1.49% from CNY 4,694,625,168.36 at the end of the previous year[5] - Current assets totaled CNY 2,092,987,986.89, down from CNY 2,205,033,959.86[14] - Total liabilities decreased to CNY 1,971,487,427.10 from CNY 2,050,691,722.80, indicating a reduction of about 3.9%[15] - The total non-current assets amounted to CNY 2,531,539,816.23, up from CNY 2,489,591,208.50[15] - The company's accounts receivable increased to CNY 293,561,360.82 from CNY 263,184,438.78, reflecting a growth of approximately 11.5%[14] - The cash and cash equivalents decreased to CNY 896,351,942.98 from CNY 1,128,491,249.30, a drop of about 20.6%[14] Equity and Shareholder Information - Shareholders' equity attributable to shareholders increased by 0.34% to CNY 2,628,046,649.01 from CNY 2,619,111,953.43 at the end of the previous year[5] - The company's equity attributable to shareholders rose slightly to CNY 2,628,046,649.01 from CNY 2,619,111,953.43[16] - The total equity increased to CNY 2,653,040,376.02 from CNY 2,643,933,445.56, showing a slight growth[16] Expenses - Sales expenses increased by 60.32% compared to the previous period, primarily due to higher service costs[10] - Management expenses decreased by 42.77% year-on-year, mainly due to reduced amortization of share-based payment expenses[10] - The company reported a significant increase in sales expenses to ¥22,743,738.79, up 60.5% from ¥14,186,279.47 in the previous period[17] - Total operating costs increased to ¥471,883,708.66, up 18.7% from ¥397,181,153.90 in the previous period[17] Non-Recurring Gains - Operating income from non-recurring gains increased by 538.11% compared to the previous year, mainly due to the handling of payables[10]

每经记者 陈晴 每经编辑 陈俊杰 并购重组 冠城新材：终止重大资产重组程序，转为一般关联交易推进 中国电信发布一季报，2025年第一季度营收为1345.09亿元，同比增长0.01%；归属于上市公司股东的净 利润为88.64亿元，同比增长3.11%。 回购增持 冠城新材公告，公司拟将持有的12家公司股权转让至公司控股股东或实际控制人指定的关联公司，交易 方式为现金出售资产。经审慎评估，本次交易不构成重大资产重组，公司决定终止本次重大资产重组程 序，并将其转为一般关联交易事项继续推进。 业绩披露 沪光股份：2024年归母净利润6.7亿元，同比增长1139% 沪光股份发布年报，2024年营业收入79.14亿元，同比增长97.70%；归属于上市公司股东的净利润6.7亿 元，同比增长1139.15%。 大名城：2024年归母净利润亏损约23亿元 大名城发布年报，2024年营业收入41.71亿元，同比下降64.34%；归属于上市公司股东的净利润亏损 23.36亿元，上年同期净利润2.23亿元。 中国神华：2025年第一季度归母净利润近120亿元，同比下降18.0% 中国神华发布一季报，2025年第一季度营业收入695.8 ...

烟台双塔食品股份有限公司 证券代码：002481 证券简称：双塔食品 编号：2025-015 烟台双塔食品股份有限公司 回购股份报告书 本公司及董事会全体成员保证信息披露的内容真实、准确、 2、回购价格：回购价格上限为 7.95 元/股，不高于公司董事会审议通过回购 股份决议前 30 个交易日公司股票交易均价 150%。 3、回购数量：假设按照回购资金总额上限 3.00 亿元、回购价格上限 7.95 元/ 股进行测算，预计回购股份数量为 3773.58 万股，约占公司当前总股本的 3.06%； 按照回购资金总额下限 2.00 亿元、回购价格上限 7.95 元/股进行测算，预计回购 股份数量为 2515.72 万股，约占公司当前总股本的 2.04%，具体回购股份的数量以 回购结束时实际回购的股份数量为准。 4、回购资金来源及取得回购专项贷款承诺函情况：本次回购公司采用回购专 项贷款及自有资金。公司已取得中国建设银行股份有限公司烟台分行出具的《贷款 承诺书》，同意在符合监管政策制度要求下，承诺向公司提供回购贷款人民币 16,000 万元，贷款期限 36 个月。 5、回购期限：自公司董事会审议通过回购股份方案之日起 ...

烟台双塔食品股份有限公司 根据《深圳证券交易所上市公司自律监管指引第9号——回购股份》等相关规 定，现将公司董事会公告回购股份决议前一个交易日（即2025年4月22日）登记在 册的前十名股东和前十名无限售条件股东持股情况公告如下： 序号 股东名称 持股数量（股） 占公司总股本 比例（%） 1 招远君兴农业发展中心 403,250,137 32.69 2 杨君敏 151,160,633 12.25 3 烟台双塔食品股份有限公司－2023年员 工持股计划 31,626,408 2.56 4 刘晓娜 9,671,100 0.78 5 香港中央结算有限公司 9,295,185 0.75 6 宋珂 7,820,000 0.63 一、前十名股东持股情况 烟台双塔食品股份有限公司 持股情况的公告 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（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》，具体内容详见披露于《中国证券报》、《证券时 报》、《上 ...

证券代码：002481 证券简称：双塔食品 编号：2025-012 烟台双塔食品股份有限公司 二、董事会会议审议情况 1、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》。 表决结果：9票赞成、0票反对、0票弃权。 具体内容详见刊登在《中国证券报》、《证券时报》、《上海证券报》、《证 券日报》及巨潮资讯网上的《关于回购公司股份方案暨取得回购专项贷款承诺书的 公告》。 三、备查文件 公司第六届董事会第十二次会议决议。 特此公告。 烟台双塔食品股份有限公司 第六届董事会第十二次会议决议公告 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。 一、董事会会议召开情况 烟台双塔食品股份有限公司（以下简称"双塔食品"或"公司"）第六届董事 会第十二次会议于2025年4月10日以电话的形式发出会议通知，并于2025年4月21日 以现场的方式召开。会议应参加表决董事9人，实际参加表决董事9人。 本次会议的召集、召开及表决程序符合《公司法》等法律、法规、规范性文件 以及《公司章程》的有关规定。 烟台双塔食品股份有限公司 董 事 会 二〇二五年四月二十二日 ...

烟台双塔食品股份有限公司 完整，没有虚假记载、误导性陈述或重大遗漏。 重要内容提示： 烟台双塔食品股份有限公司（以下简称"双塔食品"或"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。 1、回购资金总额：拟使用不低于人民币 2.00 亿元（含本数）且不超过人民币 3.00 亿元（含本数）的回购专项贷款及自有资金。 2、回购价格：回购价格上限为 7.95 元/股，不高于公司董事会审议通过回购 股份决议前 30 个交易日公司股票交易均价 150%。 3、回购数量：假设按照回购资金总额上限 3.00 亿元、回购价格上限 7.95 元/ 股进行测算，预计回购股份数量为 3773.58 万股，约占公司当前总股本的 3.06%； 按照回购资金总额下限 2.00 亿元、回购价格上限 7.95 元/股进行测算，预计回购 股份数量为 2515.72 万股，约占公司当前总股本的 2.04%，具体回购股份的数量以 回购结束时实际回购的股份数量为准。 证券代码：002481 证券简称：双塔食品 编号：2025-013 烟台双塔食品股份有限公司 关于回购公司股份方案暨取得回购专项贷款承诺书 ...

烟台双塔食品股份有限公司 证券代码：002481 证券简称：双塔食品 编号：2025-011 烟台双塔食品股份有限公司 关于控股股东部分股份解除质押的公告 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。 截至本公告日，君兴农业及其一致行动人所质押股份情况如下： | 股东 | 持股数量 | 持股 | 累计质 | 占其 | 占公 | 已质押股份情况 | 未质押股份情况 | | --- | --- | --- | --- | --- | --- | --- | --- | | 名称 | | 比例 | 押数量 | 所持 | 司总 | （解除质押适用） | （解除质押适用） | 烟台双塔食品股份有限公司 烟台双塔食品股份有限公司（以下简称"双塔食品"或"公司"）近日接到控 股股东招远君兴农业发展中心（以下简称"君兴农业"）函告，获悉其持有本公司 的部分股份解除质押，具体事项如下： | 股东名 称 | 是否为控股 股东或第一 大股东及其 | 本次解除质 押股份数量 | 占其所持 股份比例 | 占公司总 股本比例 | | 质押起始日 质押解除日 | 质权人 | | --- ...

烟台双塔食品股份有限公司 关于控股股东部分股份进行质押的公告 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（以下简称"双塔食品"或"公司"）近日接到控 股股东招远君兴农业发展中心（以下简称"君兴农业"）通知，获悉其持有公司的 部分股份进行了质押，具体事项如下： 一、本次质押基本情况 | | 是否为控 | | 占其 | 占公 | | 是否 | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 股东 | 股股东或 | 本次质 | 所持 | 司总 | 是否 | 为补 | 质押起 | 质押到 | | 质押 | | | 第一大股 | 押股份 | | | 为限 | | | | 质权人 | | | 名称 | | | 股份 | 股本 | | 充质 | 始日 | 期日 | | 用途 | | | 东及其一 | 数量 | 比例 | 比例 | 售股 | 押 | | | | | | | 致行动人 | | | | | | | | | | | | | | | ...

烟台双塔食品股份有限公司 证券代码：002481 证券简称：双塔食品 编号：2025-009 烟台双塔食品股份有限公司 关于控股股东部分股份解除质押的公告 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（以下简称"双塔食品"或"公司"）近日接到控 股股东招远君兴农业发展中心（以下简称"君兴农业"）函告，获悉其持有本公司 的部分股份解除质押，具体事项如下： 一、本次解除质押基本情况 | 股东名 | 是否为控股 股东或第一 | 本次解除质 | 占其所持 | 占公司总 | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | 称 | 大股东及其 | 押股份数量 | 股份比例 | 股本比例 | | 质押起始日 质押解除日 | 质权人 | | | 一致行动人 | | | | | | | | 君兴 | | | | | | | 潍坊银行股份 | | 农业 | 是 | 1,920,000 | 0.48% | 0.16% | 2022.9.30 | 2025.4.01 | 有限公司烟台 | ...