Zhejiang Double Arrow Rubber Co.,Ltd.’s Net Profit Dropped 24% in 2022

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 113.2 million yuan in 2022, down 24% year-on-year.

Meanwhile, the company posted 2.3 billion yuan in revenue, up 21.9% year-on-year.

At the end of the reporting period, it had 3.5 billion yuan in total assets and 1.5 billion yuan in total liabilities, with a liability-to-asset ratio of 43.8%.