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Zhejiang Double Arrow Rubber SZSE:002381 Stock Report

Last Price

CN¥8.59

Market Cap

CN¥3.5b

7D

5.0%

1Y

24.0%

Updated

24 Apr, 2024

Data

Company Financials +

Zhejiang Double Arrow Rubber Co., Ltd.

SZSE:002381 Stock Report

Market Cap: CN¥3.5b

2381 Stock Overview

Zhejiang Double Arrow Rubber Co., Ltd. researches, develops, produces, and sells rubber conveyor belt products in China and internationally.

2381 fundamental analysis
Snowflake Score
Valuation3/6
Future Growth2/6
Past Performance3/6
Financial Health5/6
Dividends4/6

Zhejiang Double Arrow Rubber Co., Ltd. Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Zhejiang Double Arrow Rubber
Historical stock prices
Current Share PriceCN¥8.59
52 Week HighCN¥8.60
52 Week LowCN¥5.50
Beta0.46
1 Month Change7.78%
3 Month Change9.29%
1 Year Change23.95%
3 Year Change-17.32%
5 Year Change-8.42%
Change since IPO-33.78%

Recent News & Updates

Additional Considerations Required While Assessing Zhejiang Double Arrow Rubber's (SZSE:002381) Strong Earnings

Apr 03
Additional Considerations Required While Assessing Zhejiang Double Arrow Rubber's (SZSE:002381) Strong Earnings

Recent updates

Additional Considerations Required While Assessing Zhejiang Double Arrow Rubber's (SZSE:002381) Strong Earnings

Apr 03
Additional Considerations Required While Assessing Zhejiang Double Arrow Rubber's (SZSE:002381) Strong Earnings

Shareholder Returns

2381CN ChemicalsCN Market
7D5.0%1.7%1.6%
1Y24.0%-20.4%-15.1%

Return vs Industry: 002381 exceeded the CN Chemicals industry which returned -20.4% over the past year.

Return vs Market: 002381 exceeded the CN Market which returned -15.1% over the past year.

Price Volatility

Is 2381's price volatile compared to industry and market?
2381 volatility
2381 Average Weekly Movement7.1%
Chemicals Industry Average Movement8.8%
Market Average Movement8.8%
10% most volatile stocks in CN Market12.6%
10% least volatile stocks in CN Market5.3%

Stable Share Price: 002381's share price has been volatile over the past 3 months.

Volatility Over Time: 002381's weekly volatility (7%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19862,284Huimin Shenwww.doublearrow.net

Zhejiang Double Arrow Rubber Co., Ltd. researches, develops, produces, and sells rubber conveyor belt products in China and internationally. It provides fabric conveyor belts comprising aramid, straight wrap, fabric pipe, anti-tear fabric, anti-adhesion, profiled, and heat-resistant conveyor belts; and high temperature, flame, oil, cold, and acid-alkaline resistant fabric and steel cord conveyor belts.

Zhejiang Double Arrow Rubber Co., Ltd. Fundamentals Summary

How do Zhejiang Double Arrow Rubber's earnings and revenue compare to its market cap?
2381 fundamental statistics
Market capCN¥3.54b
Earnings (TTM)CN¥241.83m
Revenue (TTM)CN¥2.59b

14.6x

P/E Ratio

1.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
2381 income statement (TTM)
RevenueCN¥2.59b
Cost of RevenueCN¥2.06b
Gross ProfitCN¥528.90m
Other ExpensesCN¥287.08m
EarningsCN¥241.83m

Last Reported Earnings

Dec 31, 2023

Next Earnings Date

Apr 27, 2024

Earnings per share (EPS)0.59
Gross Margin20.40%
Net Profit Margin9.33%
Debt/Equity Ratio25.7%

How did 2381 perform over the long term?

See historical performance and comparison

Dividends

2.9%

Current Dividend Yield

42%

Payout Ratio

Does 2381 pay a reliable dividends?

See 2381 dividend history and benchmarks
When do you need to buy 2381 by to receive an upcoming dividend?
Zhejiang Double Arrow Rubber dividend dates
Ex Dividend DateApr 29 2024
Dividend Pay DateApr 29 2024
Days until Ex dividend4 days
Days until Dividend pay date4 days

Does 2381 pay a reliable dividends?

See 2381 dividend history and benchmarks
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