Zhejiang Double Arrow Rubber Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 28, 2022 at 03:46 am EDT
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Zhejiang Double Arrow Rubber Co., Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 480.56 million compared to CNY 376.55 million a year ago. Revenue was CNY 480.56 million compared to CNY 376.55 million a year ago. Net income was CNY 32.48 million compared to CNY 57.83 million a year ago. Basic earnings per share from continuing operations was CNY 0.08 compared to CNY 0.14 a year ago. Diluted earnings per share from continuing operations was CNY 0.08 compared to CNY 0.14 a year ago.
ZHEJIANG DOUBLE ARROW RUBBER CO., LTD. is a China-based company mainly engaged in the manufacture and sale of rubber conveyor belts. The Companyâs conveyor belts products include steel cord conveyor belts, fire-resistant steel cord conveyor belts, polyester conveyor belts, nylon conveyor belts, cotton and polyester cotton conveyor belts, solid woven conveyor belts, flame retardant conveyor belts for textile construction for general use, heat resistant and high temperature resistant conveyor belts, and chemical resistant conveyor belts, among others. It also produces rubber sheets and hoses. The Company's products are mainly used in coal, power, port, steel, cement and other industries. Through its subsidiaries, it involves in the trading of rubber goods.
ZHEJIANG DOUBLE ARROW RUBBER CO., LTD. 
