Zhejiang Double Arrow Rubber Co.,Ltd.’s Net Profit Rose 69.7% in First Quarter of 2023

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 54.8 million yuan in the first quarter of 2023, up 69.7% year-on-year.

Meanwhile, the company posted 518.6 million yuan in revenue, up 7.9% year-on-year.

At the end of the reporting period, it had 3.6 billion yuan in total assets and 1.5 billion yuan in total liabilities, with a liability-to-asset ratio of 43.2%.