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    Producer manufacturing

  3. •

    Industrial machinery
Zhejiang Double Arrow Rubber Co., Ltd. Class A

Zhejiang Double Arrow Rubber Co., Ltd. Class A

SSZSE:002381
5.32
CNY
+0.09
(+1.72%)
0.11EPS
45.72P/E
2.13BMarket Cap
Oct 27Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
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
6.43
Basic EPS, GAAP
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
0.11
Free Cash Flow per Basic Share
0.15
0.13
0.28
-0.08
0.12
0.29
0.48
0.57
-0.36
- -
-0.38
-0.4
0.24
- -
Dividend per Share
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
0.33
Book Value per Share
3.06
3.31
3.41
3.78
3.95
3.99
4.32
4.78
4.64
4.77
5.16
5.27
5.23
5.17
Tangible Book Value per Share
2.98
3.23
3.33
3.3
3.88
3.93
4.26
4.62
4.25
4.26
4.67
4.77
4.75
4.7
Basic Weighted Avg Shares
353
351
356
415
433
423
414
410
413
406
410
415
408
416
Sales/Revenue/Turnover
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
2,674
Operating Margin (%)
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
4.83
Depreciation Expense
37
42
51
63
55
47
47
60
73
87
98
113
121
- -
Net Income, GAAP
144
133
107
54
113
156
249
315
149
114
242
154
65
47
Effective Tax Rate (%)
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
4.74
Profit Margin (%)
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
1.76
Working Capital
682
687
669
1,018
1,118
1,160
1,137
1,182
889
1,297
1,245
1,268
1,147
1,202
LT Debt
- -
- -
- -
5
- -
- -
- -
34
36
541
579
616
588
574
Total Equity
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
2,148
Return on Invested Capital (%)
12.9
10.53
8.03
1.69
5.69
8.88
14.32
16.8
7.46
5.02
9.34
5.74
2.24
1.54
Return on Capital (%)
13.43
11.55
8.86
5.13
6.82
9.35
14.44
16.75
7.51
5.7
9.81
6.25
3.07
2.58
Return on Common Equity (%)
14.08
11.94
9.06
3.83
6.79
9.19
14.26
16.85
7.68
5.87
11.83
7.16
3.02
2.18

Capital Structure

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
152
173
180
LT Borrowings
554
552
558
LT Finance Leases
33
36
16
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
412
412
412
Market Capitalization
2,712
2,704
2,132

Working Capital

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
2,181
2,226
2,303
Cash, Cash Equivalents & STI
569
574
589
Accounts Receivable, Net
894
885
916
Inventories
452
519
522
Total Current Liabilities
1,034
1,029
1,100
Payables & Accruals
- -
- -
- -
ST Debt
152
173
180
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

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

CNY

•

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
704
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.12
0.15
0.07
0.03
0.37
2025
0.06
0.04
- -
0.03
0.16
2026
0.04
- -
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.01
0.25
- -
- -
0.26
2025
0.01
0.2
- -
- -
0.22
2026
0.02
0.1
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Hui Min Shen
Full Time Employees
2,667
Sector
Producer manufacturing
Industry
Industrial machinery
Address
No. 1538, Yong'an North Road Tongxiang ZH China 314513
IPO Date
Apr 6, 2010
Website
doublearrow.net
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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.