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Double Arrow Achieved Double Harvests in Revenue & Profit

Time:2019-06-05     Author:Changfengtire【Reserved】

Recently, Zhejiang Double Arrow Rubber Co., Ltd. disclosed its operating situation in 2018, which achieved a substantial increase in both operating revenue and various profit items, whose non-net profit deduction items reached RMB 130 Million Yuan with a growth of 322%.


The total operating revenue of Double Arrow in 2018 was RMB 1.358 Billion Yuan, which increased by 19.36% compared with that of RMB 1.138 Billion Yuan in the previous year; the operating profit was RMB 183 Million Yuan, with a year-on-year increase of 49.53%; and the net profit attributable to shareholders was RMB 156 Million Yuan, which increased by 38.98%. Adhering to the business philosophy of “expanding the market through innovation, recruiting customers and merchants with excellent quality, consolidating the foundation with integrity and promoting development through mutual benefit”, it produced 42,270,000 m2 of various types of conveyor belts with an increase of 12.29%, and sold 41,650,000 m2 of various types of conveyor belts with an increase of 13.51%.

During the reporting period, the company further accelerated the pace of industrial upgrading, consolidated the leading position in the industry by improving the technological content of products, and developed new products such as ceramic high wear-resistant conveyor belts, rope-way transportation conveyor belts, high-temperature-resistant conveyor belts, and tubular conveyor belts which are recognized by customers. The rubber conveyor belt with a length of 22km provided for the “Air Transportation Corridor” project of Huzhou Southern Logistics Co., Ltd. is the longest high-temperature-resistant, fully-enclosed and all-overhead conveyor belt. This project has been officially run, which can directly convey the cement clinker to the dock, forming the “air and water transportation” model, which changes the traditional way of highway transportation and achieves “zero emissions” transportation. 

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