Zhejiang Double Arrow Rubber Co., Ltd. Reports Earnings Results for the Nine Months Ended September 30, 2020
October 23, 2020 at 05:05 am EDT
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Zhejiang Double Arrow Rubber Co., Ltd. announced earnings results for the nine months ended September 30, 2020. For the nine months, the company announced sales was CNY 1,275.404 million compared to CNY 1,108.022 million a year ago. Operating income was CNY 276.557 million compared to CNY 224.891 million a year ago. Net income was CNY 231.433 million compared to CNY 186.942 million a year ago. Basic earnings per share from continuing operations was CNY 0.56 compared to CNY 0.45 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. 
