Zhejiang Double Arrow Rubber Co., Ltd.

002381.SZ

002381.SZZhejiang Double Arrow Rubber Co., Ltd. CN flag

Shenzhen

6.48

CNY

+0.04

(+0.62%)

0.31EPS

20.90P/E

2.73BMarket Cap

Apr 18Next Earn

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ISIN

CNE100000N04

Return %

Stock

S&P500

-15.62

12.24

8.00

45.53

-23.31

101.43

Use logarithmic scale

	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	TTM
Revenue per Share	3.39	3.21	3.14	2.68	2.59	2.63	3.21	3.68	4.42	4.64	5.75	6.33	- -	6.47
Basic EPS, GAAP	0.29	0.41	0.38	0.3	0.13	0.26	0.37	0.6	0.77	0.36	0.28	0.59	- -	0.3
Free Cash Flow per Basic Share	-0.08	0.15	0.13	0.28	-0.08	0.12	0.29	0.48	0.57	-0.36	- -	-0.38	- -	-0.47
Dividend per Share	0.08	0.1	0.13	0.2	0.23	0.11	0.1	0.4	0.3	0.5	0.21	0.21	- -	0.26
Book Value per Share	1.17	1.76	1.97	2.34	2.1	2.16	2.44	2.59	3.02	2.83	2.93	3.24	- -	3.27
Tangible Book Value per Share	2.74	3.06	3.32	3.37	3.79	3.85	3.98	4.21	4.66	4.25	4.34	4.71	- -	4.67
Basic Weighted Avg Shares	349	353	351	356	415	433	423	414	410	413	406	410	- -	430
Sales/Revenue/Turnover	1,183	1,133	1,102	954	1,072	1,138	1,358	1,525	1,811	1,916	2,335	2,593	2,713	2,783
Operating Margin (%)	11.01	14.75	13.57	11.86	4.24	5.17	12.78	18.36	20.14	8.47	7.49	11.05	8.32	7.58
Depreciation Expense	31	37	42	51	63	55	47	47	60	73	87	98	113	- -
Net Income, GAAP	102	144	133	107	54	113	156	249	315	149	114	242	154	130
Effective Tax Rate (%)	20.57	20.46	17.69	18.36	35.99	17.14	18.26	17.34	16.95	18.09	22.76	15.53	14.28	15.72
Profit Margin (%)	8.65	12.68	12.11	11.19	5.03	9.89	11.51	16.3	17.42	7.77	4.87	9.33	5.66	4.67
Working Capital	613	682	687	669	1,018	1,118	1,160	1,137	1,182	889	1,297	1,245	1,268	1,300
LT Debt	- -	- -	- -	- -	5	- -	- -	- -	34	36	541	579	616	614
Total Equity	985	1,109	1,193	1,226	1,782	1,696	1,707	1,770	1,978	1,919	1,974	2,136	2,186	2,210
Return on Invested Capital (%)	10.76	12.64	10.71	7.69	1.88	2.73	8.42	13.49	16.09	6.63	5.95	9.23	6.95	6.17
Return on Capital (%)	23.62	25.81	19.25	13.48	7.94	11.66	16.11	23.97	26.98	11.84	8.52	13.95	8.74	7.33
Return on Common Equity (%)	27.41	27.92	20.31	13.98	6.32	12.47	15.92	23.63	27.32	12.38	9.64	19.21	11.34	9.33

Capital Structure

•

in mil. unless spec.

Working Capital

•

in mil. unless spec.

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)	10 years	5 years	1 year
Sales/Revenue/Turnover	9.88%	12.41%	4.64%
Net Income, GAAP	16.38%	5.32%	-36.49%
Free Cash Flow	-1,275.76%	-2,533.95%	6.93%
Total Cash Common Dividend	31.99%	2.31%	28.11%
Total Equity	6.98%	4.43%	2.35%

Growth Rates

•

in mil. unless spec.

Quarterly Revenue

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in mil. unless spec.

Quarterly Earnings Per Share

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in mil. unless spec.

Quarterly Dividends Per Share

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in mil. unless spec.

Company Description

CEO: Mr. Huimin Shen
Full Time Employees: 2,641
Sector: Consumer Cyclical
Industry: Auto - Parts
Address: Wan Village Tongxiang People's Republic of China 314513
IPO Date: Apr 2, 2010
Website: doublearrow.net
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Business: Zhejiang Double Arrow Rubber Co., Ltd. engages in the manufacture and sale of rubber conveyor belt products in China. Its products are used in electric power, ports, and metallurgy industries that require material transportation, such as gold, minerals, and building materials. The company was formerly known as TongXiang Duble Arrow Group CO., Ltd. Zhejiang Double Arrow Rubber Co., Ltd. is based in Tongxiang, the People's Republic of China.

	Sep'24	Dec'24	Mar'25
Total Current Assets	2,203	2,176	2,185
Accounts Receivable, Net	724	789	757
Cash, Cash Equivalents & STI	527	467	406
Inventories	577	547	653
Total Current Liabilities	871	908	885
Payables & Accruals	- -	- -	- -
ST Debt	38	34	66
Deferred Revenue	- -	- -	- -

	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	TTM
Revenue per Share	3.39	3.21	3.14	2.68	2.59	2.63	3.21	3.68	4.42	4.64	5.75	6.33	- -	6.47
Basic EPS, GAAP	0.29	0.41	0.38	0.3	0.13	0.26	0.37	0.6	0.77	0.36	0.28	0.59	- -	0.3
Free Cash Flow per Basic Share	-0.08	0.15	0.13	0.28	-0.08	0.12	0.29	0.48	0.57	-0.36	- -	-0.38	- -	-0.47
Dividend per Share	0.08	0.1	0.13	0.2	0.23	0.11	0.1	0.4	0.3	0.5	0.21	0.21	- -	0.26
Book Value per Share	1.17	1.76	1.97	2.34	2.1	2.16	2.44	2.59	3.02	2.83	2.93	3.24	- -	3.27
Tangible Book Value per Share	2.74	3.06	3.32	3.37	3.79	3.85	3.98	4.21	4.66	4.25	4.34	4.71	- -	4.67
Basic Weighted Avg Shares	349	353	351	356	415	433	423	414	410	413	406	410	- -	430
Sales/Revenue/Turnover	1,183	1,133	1,102	954	1,072	1,138	1,358	1,525	1,811	1,916	2,335	2,593	2,713	2,783
Operating Margin (%)	11.01	14.75	13.57	11.86	4.24	5.17	12.78	18.36	20.14	8.47	7.49	11.05	8.32	7.58
Depreciation Expense	31	37	42	51	63	55	47	47	60	73	87	98	113	- -
Net Income, GAAP	102	144	133	107	54	113	156	249	315	149	114	242	154	130
Effective Tax Rate (%)	20.57	20.46	17.69	18.36	35.99	17.14	18.26	17.34	16.95	18.09	22.76	15.53	14.28	15.72
Profit Margin (%)	8.65	12.68	12.11	11.19	5.03	9.89	11.51	16.3	17.42	7.77	4.87	9.33	5.66	4.67
Working Capital	613	682	687	669	1,018	1,118	1,160	1,137	1,182	889	1,297	1,245	1,268	1,300
LT Debt	- -	- -	- -	- -	5	- -	- -	- -	34	36	541	579	616	614
Total Equity	985	1,109	1,193	1,226	1,782	1,696	1,707	1,770	1,978	1,919	1,974	2,136	2,186	2,210
Return on Invested Capital (%)	10.76	12.64	10.71	7.69	1.88	2.73	8.42	13.49	16.09	6.63	5.95	9.23	6.95	6.17
Return on Capital (%)	23.62	25.81	19.25	13.48	7.94	11.66	16.11	23.97	26.98	11.84	8.52	13.95	8.74	7.33
Return on Common Equity (%)	27.41	27.92	20.31	13.98	6.32	12.47	15.92	23.63	27.32	12.38	9.64	19.21	11.34	9.33

	Sep'24	Dec'24	Mar'25
ST Debt	38	34	66
LT Borrowings	624	583	582
LT Finance Leases	35	33	32
Preferred Equity and Hybrid Capital	- -	- -	- -
Shares Outstanding	412	412	412
Market Capitalization	3,014	2,750	2,925

Year	Q1	Q2	Q3	Q4	FY
2023	519	681	654	738	2,593
2024	544	730	660	779	2,713
2025	614	- -	- -	- -	- -

Zhejiang Double Arrow Rubber Co., Ltd.

Growth Rates

(avg. rate of change)

Company Description

Growth Rates

(avg. rate of change)

Working Capital

Capital Structure

Quarterly Revenue

Year

Quarterly Earnings Per Share

Year

Quarterly Dividends Per Share

Year