002381.SHE Zhejiang Double Arrow Rubber Co Ltd
- Market cap
- CNY 2.28B
- P/E
- 46.1x
- P/B
- 1.02x
- ROE
- 2.3%
- Dividend yield
- 4.01%
- Fundamental score
- -
Ratios use the latest price and the current fiscal year annualized from 3 quarters up to Sep 2026.
Is 002381.SHE undervalued?
Graham number002381.SHE trades 44.6% above its Graham number.
Graham number = √(22.5 × EPS × book value per share): the most a defensive investor should pay according to Benjamin Graham. An estimate, not a recommendation to buy or sell. How is it calculated?
Zhejiang Double Arrow Rubber Co Ltd fundamental analysis
No fundamental analysis for Zhejiang Double Arrow Rubber Co Ltd yet.
Zhejiang Double Arrow Rubber Co Ltd stock price
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About Zhejiang Double Arrow Rubber Co Ltd
Zhejiang Double Arrow Rubber Co., Ltd. manufactures and sells rubber conveyor belt products in China and internationally. The company provides flame resistant, high temperature resistant, and anti-tear steel cord conveyor belt, as well as low rolling resistance energy-saving and steel cord pipe conveyor belt; and fabric, flame resistant fabric, straight warp, fabric pipe, high temperature resistant fabric, anti-tear fabric, oil resistant fabric, cold resistant fabric, acid-a…
Full company profileZhejiang Double Arrow Rubber Co Ltd financial statements
2026 annualized: Fiscal year 2026 is not finished. Income statement and cash flow are annualized from 3 quarters up to Sep 30, 2026, the balance sheet is the latest quarter. Figures change when the annual report is published.
Zhejiang Double Arrow Rubber Co Ltd annual financial statements (CNY; K = thousand, M = million, B = billion, T = trillion)
| Item | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 Anlz |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||
| Revenue | 1.07B | 1.14B | 1.36B | 1.53B | 1.81B | 1.92B | 2.34B | 2.59B | 2.71B | 2.67B | 2.56B |
| Gross Profit | 283M | 233M | 344M | 482M | 547M | 359M | 390M | 529M | 459M | 414M | 357M |
| Operating Income | 40.9M | 122M | 183M | 297M | 381M | 183M | 147M | 290M | 184M | 169M | 125M |
| EBITDA | 124M | 183M | 235M | 345M | 439M | 256M | 246M | 406M | 312M | 232M | 79.8M |
| Net Income | 53.9M | 113M | 156M | 249M | 315M | 149M | 114M | 242M | 154M | 65.3M | 49.9M |
| EPS | 0.13 | 0.26 | 0.37 | 0.60 | 0.77 | 0.36 | 0.28 | 0.57 | 0.36 | 0.16 | 0.12 |
| Balance Sheet | |||||||||||
| Total Assets | 2.43B | 2.07B | 2.13B | 2.33B | 2.65B | 2.80B | 3.51B | 3.75B | 3.80B | 3.86B | 3.95B |
| Total Liabilities | 644M | 378M | 422M | 558M | 673M | 883M | 1.54B | 1.61B | 1.61B | 1.70B | 1.78B |
| Shareholders' Equity | 1.62B | 1.69B | 1.71B | 1.78B | 1.97B | 1.91B | 1.96B | 2.12B | 2.17B | 2.15B | 2.15B |
| Cash & Short-term Investments | 417M | 305M | 311M | 636M | 734M | 499M | 887M | 677M | 467M | 504M | 540M |
| Total Debt | 128M | 20.2M | 156K | 90.1K | 228M | 95.0M | 586M | 579M | 616M | - | - |
| Cash Flow | |||||||||||
| Operating Cash Flow | 22.9M | 101M | 147M | 273M | 367M | 149M | 166M | 120M | 75.2M | 262M | - |
| Capital Expenditure | 54.3M | 47.2M | 25.7M | 72.6M | 133M | 299M | 165M | 275M | 240M | 163M | 16.5M |
| Free Cash Flow | -31.4M | 53.4M | 121M | 201M | 233M | -150M | 1.25M | -154M | -165M | 98.4M | 78.8M |
| Ratios | |||||||||||
| ROE | 3.3% | 6.7% | 9.1% | 14.0% | 16.0% | 7.8% | 5.8% | 11.4% | 7.1% | 3.0% | 2.3% |
| ROA | 2.2% | 5.4% | 7.3% | 10.7% | 11.9% | 5.3% | 3.2% | 6.5% | 4.0% | 1.7% | 1.3% |
| Net Profit Margin | 5.0% | 9.9% | 11.5% | 16.3% | 17.4% | 7.8% | 4.9% | 9.3% | 5.7% | 2.4% | 1.9% |
| Debt to Equity | 0.08x | 0.01x | 0.00x | 0.00x | 0.12x | 0.05x | 0.30x | 0.27x | 0.28x | - | - |
What these items mean
- Revenue
- Total sales of goods and services in the period.
- Gross Profit
- Revenue minus the direct cost of producing what was sold.
- Operating Income
- Profit from the core business after operating expenses.
- EBITDA
- Earnings before interest, taxes, depreciation and amortization.
- Net Income
- Profit left for shareholders after all expenses, interest and taxes.
- EPS
- Net income divided by shares outstanding.
- Total Assets
- Everything the company owns.
- Total Liabilities
- Everything the company owes.
- Shareholders' Equity
- Assets minus liabilities: the book value that belongs to shareholders.
- Cash & Short-term Investments
- Cash and investments that can be turned into cash quickly.
- Total Debt
- Short and long-term borrowings.
- Operating Cash Flow
- Cash generated by the core business.
- Capital Expenditure
- Cash spent on property, plant and equipment.
- Free Cash Flow
- Operating cash flow minus capital expenditure: cash left for dividends, buybacks or debt repayment.
- ROE
- Return on equity: net income divided by shareholders' equity.
- ROA
- Return on assets: net income divided by total assets.
- Net Profit Margin
- Net income as a share of revenue.
- Debt to Equity
- Total debt divided by shareholders' equity.
Zhejiang Double Arrow Rubber Co Ltd dividends
- Dividend yield
- 4.01%
- Forward dividend
- 0.10 CNY
- Payout ratio
- 139.8%
- Ex-dividend date
- Jun 4, 2026
| Fiscal year | Dividends paid | Per share | Payout ratio |
|---|---|---|---|
| 2025 | CNY 91.3M | 0.22 | 139.8% |
| 2024 | CNY 108M | 0.25 | 70.6% |
| 2023 | CNY 82.3M | 0.19 | 34.0% |
| 2022 | CNY 82.3M | 0.20 | 72.4% |
| 2021 | CNY 206M | 0.50 | 138.3% |
| 2020 | CNY 123M | 0.30 | 39.1% |
| 2019 | CNY 165M | 0.40 | 66.2% |
| 2018 | CNY 43.2M | 0.10 | 27.6% |
| 2017 | CNY 45.6M | 0.11 | 40.6% |
From the cash flow statement: dividends paid in the fiscal year, divided by that year's shares outstanding. Payout ratio = dividends paid / net income.
Last stock split: 15:10 on May 11, 2015.
Who owns Zhejiang Double Arrow Rubber Co Ltd
- Insiders 45.39%
- Institutions 2.61%
- Public & others 52.00%
- Shares outstanding 412M
- Free float 209M
Zhejiang Double Arrow Rubber Co Ltd company profile
- Company name
- Zhejiang Double Arrow Rubber Co Ltd
- Ticker
- 002381.SHE
- ISIN
- CNE100000N04
- Exchange
- Shenzhen Stock Exchange
- Listed since
- Mar 31, 2010
- Sector
- Consumer Cyclical
- Industry
- Chemicals
- Employees
- 2,667
- Fiscal year end
- December
- Address
- No. 1538, Yong'an North Road, Tongxiang, China, 314513
- Phone
- 86 57 3885 39138
- Website
- doublearrow.net
About Zhejiang Double Arrow Rubber Co Ltd
Zhejiang Double Arrow Rubber Co., Ltd. manufactures and sells rubber conveyor belt products in China and internationally. The company provides flame resistant, high temperature resistant, and anti-tear steel cord conveyor belt, as well as low rolling resistance energy-saving and steel cord pipe conveyor belt; and fabric, 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 conveyor belts; and solid woven conveyor belt; as well as aramid belts. Its products are mainly used in coalmines, ports, electric power plants, metallurgy, mines, cement, and other industries. The company was formerly known as TongXiang Duble Arrow Group CO., Ltd. and changed its name to Zhejiang Double Arrow Rubber Co., Ltd. The company was founded in 1986 and is based in Tongxiang, China.
Zhejiang Double Arrow Rubber Co Ltd management
7- Mr. Huimin ShenVice Chairman & GM · born 1969
- Mr. Liangquan ZhangFinancial Director & Deputy GM · born 1988
- Mr. Hongfa ShenNon-Independent Director & Deputy GM · born 1970
- Mr. Guixiang BaoDeputy General Manager · born 1969
- Mr. Hongfeng LangDeputy General Manager · born 1969
- Mr. Xinchun DongDeputy General Manager · born 1980
- Mr. Hui Qiang ShenBoard Secretary · born 1982