Yantai Shuangta Food Co., Ltd.: history, ownership, mission, how it works & makes money

Founded on September 10, 1992 in Zhaoyuan, Shandong, Longkou vermicelli pioneer Yantai Shuangta Food Co., Ltd. (ticker 002481.SZ) has evolved from a noodle maker into a vertically integrated food group-expanding into pea protein, pea starch, pea fiber and edible mushrooms-while achieving international certifications like BRC, ISO9001, ISO22000 and HACCP and establishing the industry's first nationally recognized laboratory; listed on the Shenzhen Stock Exchange in 2010, the company reported roughly 2.5 billion CNY in revenues for 2023, was approved in 2022 as a national-level high-quality development base for agricultural international trade, and as of October 23, 2025 carried a market capitalization of about 2.114 trillion CNY, with largest shareholder Yang Junmin holding 151 million shares and the firm executing an April 2025 buyback of 28,968,798 shares for 156.98 million CNY-facts that underscore how its quality credentials, export-focused certifications (including SGS FSMA and AEO), diversified product mix and vertical control of supply chains feed both domestic leadership in the Longkou vermicelli market and strategic positioning in the growing plant-based and health-food segments.

Yantai Shuangta Food Co., Ltd. (002481.SZ): Intro

• Founding date: September 10, 1992
• Stock listing: 2010, Shenzhen Stock Exchange (002481.SZ)
• Headquarters: Zhaoyuan City, Shandong Province, China
• Core legacy product: Longkou vermicelli

• 1992 - Company established to produce Longkou vermicelli.
• 2010 - Public listing on Shenzhen Stock Exchange (002481.SZ).
• 2010s - Diversification into pea-derived ingredients and edible mushrooms.
• Established the industry's first nationally recognized laboratory to strengthen R&D and quality control.
• 2022 - Designated a national-level high-quality development base for agricultural international trade.

• Main product categories: Longkou vermicelli; pea protein; pea starch; pea fiber; edible mushrooms.
• Certifications: BRC, ISO9001, ISO22000, HACCP (international and domestic food-safety/quality standards).
• R&D and quality infrastructure: Industry-first nationally recognized laboratory (internal testing and product development).

• Raw material sourcing: vertical integration with agricultural suppliers for peas and mushroom substrates; regional farmer partnerships in Shandong.
• Manufacturing: processing plants for vermicelli and pea-derived ingredient extraction (protein/starch/fiber), with capacity focused on both domestic food-processing customers and export markets.
• Quality control: centralized national laboratory ensures compliance with global standards; use of HACCP/ISO/BRC certifications to access international customers.
• Sales channels: domestic distribution to food processors and retail; exports supported by the national-level agricultural trade base designation.
• R&D & product development: formulation and extraction tech to increase yield and purity of pea protein/starch/fiber and to extend vermicelli product lines.

• Public company listed under 002481.SZ; shareholding structure includes institutional investors, retail shareholders, and company insiders (as typical for A-share listings).
• Corporate governance: board of directors and executive management oversee operations, quality systems, and export-development initiatives.

• Product sales: direct sales of vermicelli and bulk sales of pea-derived ingredients (protein, starch, fiber) to food processors, supplement makers, and industrial buyers.
• Export-driven growth: international certifications and the 2022 trade-base designation enable higher-margin export contracts and long-term supply agreements.
• Value-added processing: extraction and refinement of pea protein/starch increase unit margins versus raw agricultural sales.
• Scale and efficiency: manufacturing scale, vertical sourcing, and quality assurance reduce cost per unit and support competitive pricing.

Yantai Shuangta Food Co., Ltd. (002481.SZ): History

• Listing: Shenzhen Stock Exchange, ticker 002481.SZ.
• Largest shareholder: Yang Junmin - 151,000,000 shares (represents 35.06% of his holdings and 4.30% of total share capital).
• Equity buyback (April 2025): 28,968,798 shares repurchased, equal to 2.35% of total shares, costing 156.98 million CNY.
• Market metrics (selected dates): market capitalization ~2.114 trillion CNY (as of Oct 23, 2025); P/E ≈ 109.63 (as of Nov 14, 2025).
• Industry position: Rank 81/137 by market cap in Packaged Foods and Meats.

Yantai Shuangta Food Co., Ltd. (002481.SZ): Ownership Structure

• Committed to providing healthy, nutritious and green food options globally, with an emphasis on product safety and traceability.
• Drives growth through technological innovation and integration of upstream and downstream resources to extend the industrial chain and achieve diversified development (ingredients, processing, branded consumer foods, and agricultural trade).
• Operates under the principle of good-faith management and actively participates in public welfare and rural revitalization initiatives.
• Maintains rigorous food-safety infrastructure: established the industry's first nationally recognized laboratory and holds multiple international certifications - BRC, ISO9001, ISO22000 and HACCP.
• Designated in 2022 as a national-level high-quality development base for agricultural international trade, supporting expanded agricultural exports and global market access.

• Vertical integration model: sources raw agricultural commodities (soybean, peanut, rapeseed, etc.), processes them into intermediate and finished food products, and distributes through industrial, retail and export channels.
• Revenue streams:
  • Industrial ingredients and bulk commodity sales to food manufacturers and foodservice.
  • Branded packaged foods sold through retail and e-commerce.
  • Agricultural export services and trade facilitation tied to the national high-quality export base designation.
  • Value-added services: R&D, technical solutions, and private-label manufacturing.
• Invests in processing capacity and automation to raise throughput, control costs and improve margins; quality certifications and the national lab support premium pricing on safety-sensitive products.

• Major shareholders typically include state-owned and institutional investors alongside founder/management holdings that together control a controlling or significant stake on the A-share register (002481.SZ).
• Corporate governance emphasizes transparency, compliance with international quality standards, and alignment of shareholder value with social responsibility and rural development objectives.

Yantai Shuangta Food Co., Ltd. (002481.SZ): Mission and Values

• Vertically integrated model: in-house raw material processing, production, packaging and distribution to control quality and margins.
• Product diversification: pea protein, pea starch, pea fiber, traditional vermicelli, and multiple edible mushroom lines.
• Quality and compliance: national laboratory, international certifications (BRC, ISO9001, ISO22000, HACCP), SGS FSMA, AEO.
• Export focus: certified for international trade and designated a national-level high-quality development base for agricultural international trade (2022).

• Raw material sourcing: contracts with cooperative farms and upstream processors to secure peas, mung beans, and mushroom substrates, enabling traceability and input cost control.
• Processing and R&D: centralized processing facilities transform pulses into protein isolates, starches, fibers and finished consumer products; an in-house national-level laboratory supports product development and safety testing.
• Product channels: B2B ingredient sales to food manufacturers, and B2C branded vermicelli and mushroom products through retail and e-commerce.
• Export logistics: AEO status and FSMA/SGS approvals streamline customs, food-safety compliance and cross-border shipments to markets in Europe, North America and Southeast Asia.

• Value-added ingredients: higher-margin pea protein isolates and fibers versus commodity starches.
• Scale and integration: cost control from raw-material sourcing through finished goods reduces variable costs and improves gross margins.
• Quality premium and certifications: BRC/ISO/HACCP and SGS FSMA allow access to premium export channels and institutional buyers.
• Product mix expansion: edible mushrooms and plant-protein ingredients capture growing demand in vegetarian/clean-label segments.

• National-level laboratory: industry's first nationally recognized lab for testing and R&D, improving speed-to-market for new formulations.
• International standards: BRC, ISO9001, ISO22000, HACCP-applied across manufacturing sites.
• Trade credentials: world's first SGS FSMA certification (food safety modernization compliance) and AEO customs certification to optimize exports.
• Policy recognition: 2022 approval as a national-level high-quality development base for agricultural international trade, supporting export facilitation.

• Ingredient sales (B2B): pea protein isolates, starches, fibers sold to food processors, meat-alternative manufacturers and industrial users.
• Finished foods (B2C/B2B): vermicelli, packaged mushrooms and ready-to-cook products sold through retail and foodservice.
• Custom processing and OEM: tolling and private-label production leveraging plant capacity and certifications.
• Exports: direct shipments to overseas food manufacturers and distributors, benefiting from trade certifications and government export support.

• R&D and product development funded through retained earnings and capital expenditure to expand pea-protein functionality and mushroom value streams.
• Investment in processing automation and cold-chain logistics to improve yield, reduce waste and meet export shelf-life requirements.
• Partnerships with farming cooperatives to stabilize raw-material supply and implement quality traceability systems.

Yantai Shuangta Food Co., Ltd. (002481.SZ): How It Works

• Primary revenue-generating products: Longkou vermicelli, pea protein, pea starch, pea fiber, and edible mushrooms.
• Markets served: domestic foodservice & retail channels, ingredient sales to food manufacturers, and international customers via exports.
• Operational enablers: vertically integrated supply chain for peas and specialty crops, automated processing lines, and dedicated R&D for product upgrades.

• Value capture through processing: converts raw peas and agricultural produce into higher-margin ingredients (pea protein, starch, fiber) and branded food products (Longkou vermicelli, mushrooms).
• Scale and specialization: large-scale vermicelli production lines and pea-processing facilities lower unit costs and support competitive export pricing.
• R&D and product premiumization: investments in quality control and product development enable premium, higher-margin SKUs and specialty ingredient grades for food manufacturers.
• Export facilitation: international certifications (e.g., SGS FSMA) and AEO simplify cross-border trade, reduce logistics friction, and expand overseas customer access.
• Channel diversification: domestic retail/wholesale, B2B ingredient sales, and direct exports spread market risk and enhance cashflow stability.

• Sourcing: contracted pea growers and local agricultural suppliers secure raw material volume and quality.
• Processing: wet/dry processing lines produce pea protein isolates/concentrates, starch, fiber, and vermicelli drying/packaging lines for Longkou vermicelli.
• Quality & compliance: in-line laboratory testing, HACCP/food-safety systems, and third-party certifications to meet export and domestic standards.
• Sales & logistics: domestic distribution networks plus export logistics streamlined by AEO privileges and certified export procedures.
• After-sales: customer technical support for industrial ingredient clients and brand marketing for consumer-facing products.

• Product mix shift to higher-margin pea-protein and specialty ingredient sales to food manufacturers.
• Geographic expansion of exports leveraging FSMA and AEO to access North American, European, and Southeast Asian buyers.
• Premiumization and private-label manufacturing for large retail chains.

• 2023 reported revenue: approximately 2.5 billion CNY, reflecting broad product demand and export activity.
• 2022 national-level designation: approved as a high-quality development base for agricultural international trade, enhancing government-supported export positioning.
• Certifications: SGS FSMA and AEO status that facilitate compliance and cross-border trade efficiency.

Yantai Shuangta Food Co., Ltd. (002481.SZ): How It Makes Money

• Core revenue drivers: packaged vermicelli (Longkou), ready-to-cook and convenience noodles, and staple grain/bean products.
• Adjacencies and growth engines: plant-based protein products, edible oils, functional food ingredients, and B2B ingredient sales to food manufacturers.
• Channels: nationwide retail distribution (supermarkets, e-commerce), foodservice, and international exports supported by certifications and trade-base approvals.

• High-volume manufacturing: large-scale vermicelli production lines drive low unit costs and consistent supply for retail and industrial clients.
• Brand premium: Longkou brand pricing power supports margins above commodity peers in starch-based products.
• Export infrastructure: national-level agricultural international trade base approval (2022) and international certifications enable broader overseas distribution.
• R&D and quality control: continuous investment in process automation, food-safety systems, and new-product R&D (especially plant proteins and functional ingredients) to capture health-conscious consumers.

• Leadership in the vermicelli category, with a strong domestic retail footprint and growing e-commerce sales.
• Strategic pivot into plant-based proteins and edible oils aligns with global shifts toward sustainable and vegetarian diets-these segments show the fastest growth within the portfolio.
• Diversified product mix and international certifications increase resilience against raw-material volatility and support export expansion.
• Ongoing tech-driven quality control and capacity expansions underpin steady margin maintenance and long-term market share defense.