On June 24, Zhejiang Double Arrow Rubber Co., Ltd. released the performance report of the first half of 2019. The net profit attributable to shareholders of the listed company of the period has increased by 50%-80% year-on-year, and the profit has reached RMB 109,168,800~131,002,600 Yuan. While the profit for the same period of last year is RMB 72,779,200 Yuan.
The reason why the performance is better than expected is that the sales revenue of rubber conveyer belt, which is Double Arrow Rubber’s main business, increased; at the same time, the increase in the proportion of high-end products leads to an increase in gross profit margin. Double Arrow Rubber specializes in the production of Double Arrow brand rubber conveyor belt series products, with an annual output of more than 50 million square meters of various rubber conveyor belts.
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