Zhejiang Double Arrow Rubber Co., Ltd. Reports Earnings Results for the Full Year Ended December 31, 2020
February 26, 2021 at 04:31 am EST
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Zhejiang Double Arrow Rubber Co., Ltd. announced earnings results for the full year ended December 31, 2020. For the full year, the company announced sales was CNY 1,811.149 million compared to CNY 1,525.277 million a year ago. Operating income was CNY 380.820 million compared to CNY 297.447 million a year ago. Net income was CNY 315.417 million compared to CNY 248.630 million a year ago. Basic earnings per share from continuing operations was CNY 0.77 compared to CNY 0.6 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. 
