Double Arrow Rubber disclosed its earnings forecast, estimating attributable net profit for the first half of 2026 at 14 million to 19 million yuan, a year-on-year decline of 56.74% to 68.12%. Deducted non-recurring net profit is expected to be 4.7 million to 7 million yuan, down 81.83% to 87.8%. Basic earnings per share are projected at 0.03 to 0.05 yuan per share. The company primarily engages in the research, development, production, and sales of rubber conveyor belt products. The change in performance is mainly due to an overall slowdown in demand for rubber conveyor belts, intensified competition within the industry, and rising raw material prices, which have led to a decline in product sales gross margin. Based on the closing price on July 14, Double Arrow Rubber currently has a price-to-earnings ratio of approximately 54.32 to 62 times, a price-to-book ratio of about 1.04 times, and a price-to-sales ratio of around 0.84 times.
Zhejiang Double Arrow Rubber Co LtdOverall slowdown in demand for rubber conveyor belts, intensified competition, and rising raw material prices leading to a sharp decline in net profit.