Shuangta Food's controlling shareholder releases 4 million shares from pledge and re-pledges 4.5 million shares

Radar Finance | Written by Feng Xiuyu | Edited by Li Yihui

On March 9, Yantai Shuangta Food Co., Ltd. (Stock Code: 002481, Stock Name: Shuangta Food) announced that its controlling shareholder, Zhaoyuan Junxing Agricultural Development Center, has解除质押 and re-pledged some of its shares. The number of shares解除质押 is 4,000,000, accounting for 0.99% of its holdings and 0.32% of the company’s total share capital; simultaneously, the number of shares re-pledged is 4,500,000, representing 1.12% of its holdings and 0.36% of the total share capital.

As of the announcement date, Junxing Agriculture and its concerted actors have pledged a total of 247,380,000 shares, accounting for 61.35% of their holdings and 20.05% of the company’s total share capital.

The pledged shares due within the next six months and one year, along with the corresponding financing balances, have been disclosed, with an emphasis on their ability to repay the funds.

Tianyancha data shows that Shuangta Food was established on September 10, 1992, with a registered capital of 1,233.6965 million RMB. The legal representative is Yang Junmin, and the registered address is Zhaoyuan Jinning Town Zhaoli. The main business includes pea protein, vermicelli, and dietary fiber.

Currently, the company’s chairman is Yang Junmin, the secretary is Shi Enzhan, with 791 employees. The actual controller is the People’s Government of Jinning Town, Zhaoyuan City.

The company has 23 affiliated companies, including Nanchong Chuanfen Biotechnology Co., Ltd., Shuangta Food (Canada) Manufacturing Corporation, Shuangta Food (Hong Kong) Limited, Yantai Shuangta Zhenwei Food Technology Co., Ltd., FOLLOW NATURE INC., and others.

In terms of performance, the company’s operating income for 2022, 2023, and 2024 was 2.381 billion yuan, 2.456 billion yuan, and 2.448 billion yuan, respectively, with year-on-year growth of 9.97%, 3.13%, and -0.32%. Net profit attributable to the parent was -311 million yuan, 93.23 million yuan, and 94.62 million yuan, with year-on-year growth of -216.23%, 129.98%, and 1.48%. During the same period, the company’s asset-liability ratio was 39.53%, 32.46%, and 43.68%.

Regarding risks, Tianyancha information shows that the company has 370 internal Tianyan risks, 167 surrounding risks, 125 historical risks, and 139 warning risks.