Zhejiang Double Arrow Rubber Co., Ltd.



Quote for Zhejiang Double Arrow Rubber Co., Ltd.

Last Trade:
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Symbol/Code:
002381
Status:
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Stock Type:
A Share
Market Cap:
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Currency in CNY Time=UTC+8002381 quote

Summary for Zhejiang Double Arrow Rubber Co., Ltd.

ZHEJIANG DOUBLE ARROW RUBBER CO., LTD. is principally engaged in the manufacture and sale of conveyor belts. The Company mainly provides 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, chemical resistant conveyor belts, oil resistant conveyor belts, cold resistant conveyor belts, pipe conveyor belts, endless conveyor belts, raised edge conveyor belts, patterned conveyor belts, abrasive resistant and energy saving conveyor belts, anti-tear conveyor belts and vacuum hydro extractor conveyor belts, as well as rubber sheets and hoses, among others. The Company's products are mainly used in coal, power, port, steel, cement and other industries. The Company distributes its products in domestic and overseas markets.

Profile for Zhejiang Double Arrow Rubber Co., Ltd.

Full Name:Zhejiang Double Arrow Rubber Co., Ltd.
Full Name in Chinese:浙江双箭橡胶股份有限公司 Short Name in Chinese:双箭股份
Symbol/Stock Code:
002381
Listed in:
Shenzhen Stock Exchange
Issued Capital
-
Negotiable Capital:
-
Chairman:
Shen Gengliang
Secretary of the Board:
Chen Baisong
Phone:
+86-573-88533979
Fax:
+86-573-88531023
Official Website:www.doublearrow.net
E-mail:chenbaisong@188.com
Address:Zhou Quan town Industrial Zone,Zhou Quan town Industrial Zone,JIAXING ZHJ 314513
IPO Subscription Date:
2010-03-24
Listing Date:
2010-04-02
IPO Issued Capital:
20000000
IPO Price:
32 CNY
IPO fees:
92374000 CNY
Money Raised by IPO:
640000000 CNY
IPO Par Value:
1.00 CNY
Net Money Raised:
547626000 CNY
Open(Listing day):
52.50 CNY
Close(Listing day):
58.37 CNY
Diluted P/E ratio after IPO:
41.0300
Turnover rate(listing day):
80.53%

Financials for Zhejiang Double Arrow Rubber Co., Ltd.

UPDATE:2012-10-23 Annual Report Abstract:(All Currency In CNY)

Indicators/Till The Date
2012-09-30
2011-12-31
2010-12-31
2009-12-31
Net Profit(after tax)(Million)
66.9215
37.9465
36.8421
61.0869
Net Profit Growth(%)
188.41
2.99
-39.68
63.31
Return On Equity(ROE)(%)
7.18
4.27
4.25
21.94
Debt ratio(%)
26.10
30.00
19.98
48.71
Net Operating Cash Flow/Net Profit(%)
14.76
101.51
25.73
105.92

Per Share Financial Data:(All Currency In CNY)

Per Share Indicators/Till The Date
2012-09-30
2011-12-31
2010-12-31
2009-12-31
Earnings Per Share(EPS)
0.5700
0.3200
0.3400
1.0500
Diluted Earnings Per Share
0.0000
0.2700
0.2800
1.0600
Net Asset Value Per Share (NAVPS)
7.9600
7.5900
11.1100
4.8000
Additional Paid-In Capital Per Share
4.4327
4.4327
7.1491
0.4445
Retained Earnings Per Share
2.2700
1.8980
2.6123
2.9467
Net Cash Flow From Operatings Activities Per Share
0.0800
0.3300
0.1200
1.1200
Net Cash Flow Per Share
-0.6360
-0.1018
4.6596
-0.4006

Balance Sheet:(All Currency In CNY)

Assets And Liabilities/Till The Date
2012-09-30
2011-12-31
2010-12-31
2009-12-31
Total Assets(Million)
1289.4879
1292.6862
1101.5644
569.78
Total Liabilities(Million)
336.5998
387.8452
220.1231
277.5768
Current Liabilities(Million)
336.5998
387.605
220.0295
267.5768
Long Term Liabilities(Million)
-
-
-
-
Cash And Cash Equivalents(Million)
345.6072
425.8502
427.6719
67.1115
Accounts Receivables(Million)
318.5093
295.8213
211.98
164.8319
Deposit Received(Million)
79.6739
36.9154
30.4981
29.3302
Other Receivables(Million)
10.3187
5.9322
6.9709
10.6191
Bad Debt Reserve(Million)
-
-
-
-
Shareholder's Equity/Owner's Equity(Million)
931.6494
888.128
866.5155
278.4231
Debt ratio(%)
26.10
30.00
19.98
48.71
Equity Ratio(%)
72.2400
68.7000
78.6600
48.8600
Current Ratio
2.9896
2.6643
3.9150
1.4625
Quick Ratio
2.5096
2.2082
3.2344
1.0230

Cash Flow Statement:(All Currency In CNY)

Cash Flow/Till The Date
2012-09-30
2011-12-31
2010-12-31
2009-12-31
Cash From Selling Commodities(Million)
932.8815
1142.2931
848.9166
712.4669
Net Cash Flow From Operatings Activities(Million)
9.8803
38.5207
9.4797
64.7017
Net Cash Flow From Operatings Activities Change(%)
-112.36
306.35
-85.35
49.96
Net Cash Flow(Million)
-74.4136
-11.9055
363.4521
-23.2326
Cash From Selling Commodities/Prime Revenue(%)
109.67
99.68
102.96
113.65
Net Cash Flow/Net Profit(%)
-111.20
-31.37
986.51
-38.03
Cash Flow From Investing Activities(Million)
-57.7783
-50.6363
-87.0827
-23.1907
Cash Flow From Financing Activities(Million)
-26.5156
0.2101
441.0551
-64.7436

Income Statement:(All Currency In CNY)

Income Indicators/Till The Date
2012-09-30
2011-12-31
2010-12-31
2009-12-31
Prime Operating Revenue(Million)
850.6388
1145.9252
824.5325
626.8859
Prime Operating Profit(Million)
-
-
-
-
Operating Costs(Million)
54.0283
58.058
46.7722
30.0417
Administrative Costs(Million)
51.484
58.8609
41.0852
33.3866
Financing Costs(Million)
-5.0043
-2.5061
0.3609
8.7502
Above Three Costs Change(%)
32.09
29.69
22.22
-2.17
Operating Profit(Million)
83.2889
35.9203
34.8433
68.2856
Income From Investment(Million)
0.0312
0.0076
0.4809
0.0124
Government Subsidies(Million)
-
-
-
-
Net Non-Operating Income And Expense(Million)
4.2666
13.025
13.5056
6.5462
Total Profit(Million)
87.5555
48.9453
48.3489
74.8319
Corporate Income Tax(Million)
15.7903
6.7785
8.0812
10.2834
Net Profit(Million)
66.9215
37.9465
36.8421
61.0869
Gross Profit Ratio(%)
22.85
13.83
15.06
23.15
Operating Margin(%)
9.79
3.13
4.22
10.89
Return On Equity(ROE)(%)
7.18
4.27
4.25
21.94

Announcements for Zhejiang Double Arrow Rubber Co., Ltd.

Date: 2012-07-31
Title: EGM RESOLUTION
The Company held its 1st Extraordinary General Meeting of 2012 on 30 July 2012, during which the following proposal(s) was/were approved:
1. Plan on the shareholders' return for the next three years from 2012 to 2014
2. Amendments to the Company's articles of association
Date: 2012-03-30
Title: DIVIDEND IMPLEMENTATION (CASH ONLY)
2011 final distribution plan to be implemented (A shares):

1. Cash dividend/10 shares (tax included): CNY2.00000000
2. Bonus issue from profit (share/10 shares): none
3. Bonus issue from capital reserve (share/10 shares): none


Record date: 09 April 2012
Ex-date: 10 April 2012
Payment date: 10 April 2012

10 percent withholding tax on cash dividend will be deducted in CNY within the cash dividend receivable. Please refer to below details:
Tax on cash dividend/10 shares: CNY0.20000000(10 percent x CNY2.00000000)
Net cash dividend/10 shares after tax: CNY1.80000000(CNY2.00000000- CNY0.20000000)
Date: 2012-02-29
Title: FINAL DIVIDEND
The Company issued its 2011 annual report on 29 February 2012.

The profit distribution proposal for 2011:
1. Cash dividend/10 shares (tax included): CNY2.00000000
2. Bonus issue from profit (share/10 shares):none
3. Bonus issue from capital reserve (share/10 shares):none.
Date: 2012-02-29
Title: AGM-SPOT
The Company will hold the 2011 Annual General Meeting at 09:00 on 23 March 2012.

Meeting agenda:
1. 2011 annual report and its summary
2. 2011 work report of the board of directors
3. 2011 work report of the supervisory committee
4. 2011 financial resolution report
5. 2011 profit distribution preplan
6. Special report on the deposit and use of raised funds in 2011
7. Nomination of Li Hong as independent director
8. Re-appointment of 2012 audit firm
The detailed profit distribution plan are as follows:
1) Cash dividend/10 shares (tax included): CNY2.00000000
2) Bonus issue from profit (share/10 shares): none
3) Bonus issue from capital reserve (share/10 shares): none

Meeting attendees:
1. A-share holders registered at CSDCC Shenzhen after the close of trading on 19 March 2012 are entitled to vote. Original notarized power of attorney for voting is required.
2. Directors of the board, supervisors of the supervisory committee, senior executives and appointed lawyers are entitled to attend the meeting.

Registration period: 22 March 2012
Date: 2011-05-17
Title: DIVIDEND IMPLEMENTATION (CASH AND BONUS ISSUE)
2010 FINAL DISTRIBUTION PLAN TO BE IMPLEMENTED (A SHARES):

1. CASH DIVIDEND/10 SHARES (TAX INCLUDED): CNY2.0000
2. BONUS ISSUE FROM PROFIT (SHARE/10 SHARES): NONE
3. BONUS ISSUE FROM CAPITAL RESERVE (SHARE/10 SHARES): 5.00


RECORD DATE: 20MAY11
EX-DATE: 23MAY11
PAYMENT DATE: 23MAY11
LISTING DATE OF THE BONUS ISSUES: 23MAY11
10 PERCENT WITHHOLDING TAX ON CASH DIVIDEND WILL BE DEDUCTED IN CNY WITHIN THE CASH DIVIDEND RECEIVABLE. PLEASE REFER TO BELOW DETAILS:
TAX ON CASH DIVIDEND/10 SHARES: CNY 0.200000(10 PERCENT X CNY 2.000000)
NET CASH DIVIDEND/10 SHARES AFTER TAX: CNY 1.800000(CNY 2.000000- CNY0.200000)
Date: 2011-05-11
Title: AGM RESOLUTION
THE CO HELD ITS 2010 AGM ON 10MAY11, DURING WHICH THE FOLLOWING PROPOSAL(S) WAS/WERE APPROVED:
1. 2010 ANNUAL REPORT AND ITS SUMMARY
2. 2010 WORK REPORT OF THE BOARD OF DIRECTORS
3. 2010 WORK REPORT OF THE SUPERVISORY COMMITTEE
4. 2010 FINANCIAL RESOLUTION REPORT
5. 2010 PROFIT DISTRIBUTION PLAN
6. AMENDMENTS TO THE CO'S ARTICLES OF ASSOCIATION
7. INCREASE IN THE REGISTERED CAPITAL
8. SPECIAL REPORT ON THE DEPOSIT AND USE OF RAISED FUNDS IN 2010
9. RE-APPOINTMENT OF AUDIT FIRM
THE DETAILED PROFIT DISTRIBUTION PLAN ARE AS FOLLOWS:
1) CASH DIVIDEND/10 SHARES (TAX INCLUDED): CNY2.0000
2) BONUS ISSUE FROM PROFIT (SHARE/10 SHARES): NONE
3) BONUS ISSUE FROM CAPITAL RESERVE (SHARE/10 SHARES): 5.00
Date: 2011-04-15
Title: FINAL DIVIDEND
THE CO ISSUED ITS 2010 ANNUAL REPORT ON 15APR11.

THE PROFIT DISTRIBUTION PROPOSAL FOR 2010:
1. CASH DIVIDEND/10 SHARES (TAX INCLUDED): CNY2.0000
2. BONUS ISSUE FROM PROFIT (SHARE/10 SHARES):NONE
3. BONUS ISSUE FROM CAPITAL RESERVE (SHARE/10 SHARES):5.000
Date: 2011-04-15
Title: AGM-SPOT
THE CO WILL HOLD THE 2010 AGM AT 09:00 ON 10MAY11.

MEETING AGENDA:
1. 2010 ANNUAL REPORT AND ITS SUMMARY
2. 2010 WORK REPORT OF THE BOARD OF DIRECTORS
3. 2010 WORK REPORT OF THE SUPERVISORY COMMITTEE
4. 2010 FINANCIAL RESOLUTION REPORT
5. 2010 PROFIT DISTRIBUTION PLAN
6. AMENDMENTS TO THE CO'S ARTICLES OF ASSOCIATION
7. INCREASE IN THE REGISTERED CAPITAL
8. SPECIAL REPORT ON THE DEPOSIT AND USE OF RAISED FUNDS IN 2010
9. RE-APPOINTMENT OF AUDIT FIRM
THE DETAILED PROFIT DISTRIBUTION PLAN ARE AS FOLLOWS:
1) CASH DIVIDEND/10 SHARES (TAX INCLUDED): CNY2.0000
2) BONUS ISSUE FROM PROFIT (SHARE/10 SHARES): NONE
3) BONUS ISSUE FROM CAPITAL RESERVE (SHARE/10 SHARES): 5.00

MEETING ATTENDEES:
1. A-SHARE HOLDERS REGISTERED AT CSDCC SZN AFTER THE CLOSE OF TRADING ON 04MAY11 ARE ENTITLED TO VOTE. ORIGINAL NOTARIZED POWER OF ATTORNEY FOR VOTING IS REQUIRED.
2. DIRECTORS OF THE BOARD, SUPERVISORS OF THE SUPERVISORY COMMITTEE, SENIOR EXECUTIVES AND APPOINTED LAWYERS ARE ENTITLED TO ATTEND THE MEETING.

REGISTRATION PERIOD: 09MAY11
Date: 2011-03-31
Title: RESTRICTED SHARE LISTING
THE CO'S 8000000 RESTRICTED A-SHARES WILL BE LISTED ON THE SHENZHEN STOCK EXCHANGE AS OF 06APR11.
Date: 2011-02-18
Title: EGM RESOLUTION
THE CO HELD ITS 1ST EGM OF 2011 ON 17FEB11, DURING WHICH THE FOLLOWING PROPOSAL(S) WAS/WERE APPROVED:
1. RE-ELECTION OF DIRECTORS
2. RE-ELECTION OF SUPERVISORS
3. THE CO'S IMPLEMENTATION RULES FOR ACCUMULATIVE VOTING SYSTEM
4. THE CO'S EXTERNAL INVESTMENT MANAGEMENT SYSTEM