Apr 30, 2022 08:00 AM

Zhejiang Double Arrow Rubber Co.,Ltd.’s Net Profit Dropped 44% in First Quarter of 2022

By Caixin Automation

Zhejiang Double Arrow Rubber Co.,Ltd. (浙江双箭橡胶股份有限公司) (002381.SZ) reported a net profit of 32.3 million yuan in the first quarter of 2022, down 44% year-on-year.

Meanwhile, the company posted 480.6 million yuan in revenue, up 27.6% year-on-year.

At the end of the reporting period, it had 3.4 billion yuan in total assets and 1.4 billion yuan in total liabilities, with a liability-to-asset ratio of 41.2%.

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