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    Industrial - Machinery
Zhejiang Double Arrow Rubber Co., Ltd.

Zhejiang Double Arrow Rubber Co., Ltd.

002381.SZ
Zhejiang Double Arrow Rubber Co., Ltd.CN flagShenzhen Stock Exchange
5.30
CNY
-0.16
- -
2.18BMarket Cap
Zhejiang Double Arrow Rubber Co., Ltd.
002381.SZ
(Shenzhen Stock Exchange)

Recent

price

5.30

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
2.54
3.22
3.39
3.21
3.14
2.68
2.59
2.63
3.21
3.68
4.42
4.64
5.75
6.33
6.54
6.55
6.44
Revenue per Share
0.11
0.11
0.29
0.41
0.38
0.3
0.13
0.26
0.37
0.6
0.77
0.36
0.28
0.59
0.37
0.16
0.2
Basic EPS, GAAP
-0.24
-0.04
-0.08
0.15
0.13
0.28
-0.08
0.12
0.29
0.48
0.57
-0.36
- -
-0.38
-0.4
0.24
-0.38
Free Cash Flow per Basic Share
0.01
0.05
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
0.22
0.21
Dividend per Share
0.87
0.95
1.17
1.76
1.97
2.34
2.1
2.16
2.44
2.59
3.02
2.83
2.93
3.24
3.34
3.36
3.12
Book Value per Share
2.66
2.5
2.74
3.06
3.32
3.37
3.79
3.85
3.98
4.21
4.66
4.25
4.34
4.71
4.76
4.81
4.52
Tangible Book Value per Share
325
356
349
353
351
356
415
433
423
414
410
413
406
410
415
408
430
Basic Weighted Avg Shares
825
1,146
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
2,675
2,772
Sales/Revenue/Turnover
4.16
3.33
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
6.31
6.76
Operating Margin (%)
21
24
31
37
42
51
63
55
47
47
60
73
87
98
113
121
- -
Depreciation Expense
37
38
102
144
133
107
54
113
156
249
315
149
114
242
154
65
88
Net Income, GAAP
16.71
13.85
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
25.48
19.28
Effective Tax Rate (%)
4.47
3.31
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
2.44
3.16
Profit Margin (%)
641
645
613
682
687
669
1,018
1,118
1,160
1,137
1,182
889
1,297
1,245
1,268
1,147
1,225
Working Capital
- -
- -
- -
- -
- -
- -
5
- -
- -
- -
34
36
541
579
616
588
603
LT Debt
881
905
985
1,109
1,193
1,226
1,782
1,696
1,707
1,770
1,978
1,919
1,974
2,136
2,179
2,161
2,146
Total Equity
4.42
3.62
10.76
12.64
10.71
7.69
1.88
2.73
8.42
13.49
16.09
6.63
5.95
9.23
7.05
4.47
5.33
Return on Invested Capital (%)
10.89
11.07
23.62
25.81
19.25
13.48
7.94
11.66
16.11
23.97
26.98
11.84
8.52
13.95
8.72
4.22
5.36
Return on Capital (%)
14.43
12.22
27.41
27.92
20.31
13.98
6.32
12.47
15.92
23.63
27.32
12.38
9.64
19.21
11.31
4.74
6.56
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
ST Debt
34
66
116
LT Borrowings
583
582
572
LT Finance Leases
33
32
31
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
412
412
412
Market Capitalization
2,750
2,925
2,903

Working Capital

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
Total Current Assets
2,176
2,185
2,140
Cash, Cash Equivalents & STI
467
406
419
Accounts Receivable, Net
789
757
868
Inventories
547
653
530
Total Current Liabilities
908
885
916
Payables & Accruals
- -
- -
- -
ST Debt
34
66
116
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
6.59%
1.85%
-0.86%
Free Cash Flow
-1,303.79%
-2,569.12%
-159.63%
Net Income, GAAP
12.63%
-11.55%
-57.48%
Sales/Revenue/Turnover
11.08%
8.39%
-1.4%
Total Cash Common Dividend
25.44%
4.1%
-15.77%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
544
730
660
779
2,713
2025
614
719
714
- -
2,675
2026
537
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.12
- -
- -
- -
0.37
2025
0.06
- -
- -
- -
0.16
2026
0.04
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.01
- -
- -
- -
0.26
2025
0.01
- -
- -
- -
0.22
2026
0.02
- -
- -
- -
- -
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Business
Zhejiang Double Arrow Rubber Co., Ltd. (002381.SZ) manufactures and sells rubber conveyor belts in China and internationally; its core products include steel cord conveyor belts such as flame-resistant, high-temperature-resistant, anti-tear, low-rolling-resistance energy-saving, and steel cord pipe varieties; fabric conveyor belts encompassing flame-resistant fabric, straight warp, fabric pipe, high-temperature-resistant fabric, anti-tear fabric, oil-resistant fabric, cold-resistant fabric, acid-alkaline-resistant fabric, anti-adhesion, profiled, and sidewall types; solid woven conveyor belts; aramid belts; and ceramic conveyor belts including nylon canvas core, polyester canvas core, full core, and whole core varieties. The company, founded in 1986 and headquartered in Zhouquan Industrial Zone, Tongxiang, Zhejiang Province, China, operates with an annual production capacity exceeding 150 million square meters across facilities including a new Tiantai production base adding 60 million square meters annually for fabric core belts, serving coal mines, ports, electric power plants, metallurgy, mines, cement, and other industries with sales across five continents including North America, Europe, Asia, South America, and Africa. Recent developments encompass approval of a cash dividend for 2024 payable in May 2025, release of 2024 annual results showing revenue of CNY 2.713 billion albeit with net profit decline, expansion via the Tiantai base to boost market share amid domestic competition where it holds approximately 14% locally, a shareholder restructuring in December 2024 with Tongxiang Guotou transferring 5.10% shares to its subsidiary Runtong Holdings free of charge, and ventures into retirement services through wholly-owned subsidiary Tongxiang Heji Nursing Home Co., Ltd.