Investment Rating - The report maintains a "Buy" rating for the company [2] Core Insights - The company achieved significant growth in revenue and net profit in 2023, with revenue reaching 2.593 billion yuan, a year-on-year increase of 11.03%, and net profit attributable to shareholders rising by 112.60% to 242 million yuan [3][5] - The company is progressing well with its Tian Tai project, which is expected to enhance production capacity and market share [9][14] - The demand for long-distance conveyor belts is anticipated to increase as they replace traditional truck transportation due to their safety, environmental benefits, and efficiency [9][14] Financial Performance Summary - In Q4 2023, the company reported a revenue of 738 million yuan, up 15.66% year-on-year and 12.84% quarter-on-quarter, with a net profit of 80.83 million yuan, reflecting a year-on-year increase of 177.68% [4][44] - The company produced 80.32 million square meters of various rubber conveyor belts in 2023, marking an 11.02% increase from the previous year [5] - The gross profit margin for 2023 was 20.75%, up 3.78 percentage points year-on-year, while the net profit margin improved to 9.40%, an increase of 4.55 percentage points [3][5] Future Earnings Forecast - The company is projected to achieve net profits of 311 million yuan, 399 million yuan, and 498 million yuan for the years 2024, 2025, and 2026, respectively, with corresponding PE ratios of 10, 8, and 6 [15][71]

Financial Performance - The company's operating revenue for 2023 was ¥2,592,578,292.99, representing an increase of 11.03% compared to ¥2,335,129,299.63 in 2022[19]. - The net profit attributable to shareholders for 2023 was ¥241,828,399.77, a significant increase of 112.60% from ¥113,748,389.11 in 2022[19]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥231,447,159.47, up 90.15% from ¥121,718,252.60 in 2022[19]. - The basic earnings per share for 2023 was ¥0.59, reflecting a growth of 110.71% compared to ¥0.28 in 2022[19]. - The diluted earnings per share for 2023 was ¥0.57, an increase of 103.57% from ¥0.28 in 2022[19]. - The total assets at the end of 2023 were ¥3,745,297,836.46, marking a growth of 6.62% from ¥3,512,581,227.69 at the end of 2022[20]. - The net assets attributable to shareholders at the end of 2023 were ¥2,124,327,457.38, an increase of 8.14% from ¥1,964,175,501.81 at the end of 2022[20]. - The net cash flow from operating activities for 2023 was ¥120,310,689.41, a decrease of 27.54% compared to ¥166,036,999.35 in 2022[19]. - The company reported non-recurring gains of ¥10,381,240.30 in 2023, compared to a loss of ¥7,969,863.49 in 2022[25]. - The company's total revenue for 2023 reached ¥2,592,578,292.99, representing an 11.03% increase compared to ¥2,335,129,299.63 in 2022[55]. Dividend Distribution - The company plans to distribute a cash dividend of 2.5 RMB per 10 shares (including tax) to all shareholders, with no bonus shares issued[3]. - The total distributable profit available to shareholders was ¥803,253,041.25[149]. - The cash dividend per 10 shares is ¥2.5, with no stock dividends proposed[149]. - The company reported a total cash dividend of ¥102,893,999, which represents 100% of the total profit distribution amount[149]. Business Operations - The company’s main business has not changed since its listing, maintaining a focus on rubber conveyor belts and related products[17]. - The company continues to focus on the development of new products and technologies in the rubber industry, although specific details are not provided in the current content[11]. - The company is committed to expanding its market presence, particularly in the rubber conveyor belt sector, which constitutes over 95% of its production and sales[12]. - The company achieved a production capacity of 90 million square meters per year for conveyor belts, with a capacity utilization rate of 94.49%[41]. - The company launched new environmentally friendly halogen-free flame-retardant conveyor belts and polyurethane rubber conveyor belts, which were recognized as provincial industrial new products[48]. - The company has completed the development of high-angle strong patterned conveyor belts, which can transport materials at angles between 0° and 40°, significantly reducing material slippage[67]. - The company is developing a smart traceable rubber conveyor belt based on RFID technology, which will provide real-time data on material transport conditions[67]. Market Strategy - The company aims to gradually expand production capacity and increase domestic market share in response to market demand[32]. - The company plans to enhance its international market share by establishing direct relationships with foreign mining enterprises[32]. - The company is positioned in a competitive market with increasing barriers to entry, focusing on expanding its market share among leading enterprises in the rubber conveyor belt industry[29]. - The company plans to enhance its market share in the conveyor belt sector and expand into the material handling system solutions market[96]. - The company will actively seek strategic partnerships to enhance its market presence and focus on key projects[97]. Research and Development - The company has obtained 131 patents in the rubber conveyor belt sector, enhancing its product innovation and technology level[41]. - The number of R&D personnel increased to 132 in 2023, a rise of 26.92% from 104 in 2022[69]. - R&D investment amounted to ¥88,753,040.04 in 2023, reflecting a growth of 16.45% compared to ¥76,217,455.73 in 2022[69]. - The proportion of R&D investment to operating revenue rose to 3.42% in 2023 from 3.26% in 2022, an increase of 0.16%[69]. - The company is focused on increasing R&D investment to accelerate new product development and maintain its industry leadership position[101]. Risk Management - The report emphasizes the importance of risk awareness regarding future plans and forecasts, highlighting potential operational risks and corresponding countermeasures[3]. - The company focuses on risk control in its forward foreign exchange settlement and sales business, prohibiting speculative and arbitrage trading[84]. - The company has implemented strict internal controls and regular audits to manage risks associated with forward foreign exchange transactions[84]. - The company has purchased credit insurance for its export receivables to mitigate customer default risks[84]. Environmental and Social Responsibility - The company has established a comprehensive pollution prevention and control strategy, ensuring all environmental protection facilities are operational and compliant[161]. - The company has achieved a wastewater discharge standard of 8.45 million tons per year, with no exceedances reported[161]. - The company has not reported any environmental accidents during the reporting period[166]. - The company has maintained a commitment to social responsibility by providing competitive salaries and benefits to employees from rural areas[169]. Corporate Governance - The board of directors consists of nine members, including three independent directors, which exceeds one-third of the total[110]. - The company has established an independent financial department with a complete accounting system and financial management policies[114]. - The company ensures timely and transparent information disclosure in compliance with relevant regulations[111]. - The company has implemented a "Quality Return Dual Improvement" action plan[107]. - The company has not faced any penalties from regulatory authorities in the past three years regarding its directors and supervisors[132].

浙江双箭橡胶股份有限公司 章程修正案 根据《上市公司章程指引》以及《上市公司独立董事管理办法》《上市公司 监管指引第 3 号——上市公司现金分红》等有关法律、行政法规、规范性文件的 最新规定，同时结合公司实际情况，对现有的《公司章程》予以修订，具体修订 内容对比如下： | 修订前 | 修订后 | | --- | --- | | 第五十六条 股东大会的通知包括 | 第五十六条 股东大会的通知包括 | | 以下内容： | 以下内容： | | （一）会议的时间、地点和会议期 | （一）会议的时间、地点和会议期 | | 限； | 限； | | （二）提交会议审议的事项和提 | （二）提交会议审议的事项和提案； | | 案； | （三）以明显的文字说明：全体股 | | （三）以明显的文字说明：全体股 | 东均有权出席股东大会，并可以书面委 | | 东均有权出席股东大会，并可以书面委 | 托代理人出席会议和参加表决，该股东 | | 托代理人出席会议和参加表决，该股东 | 代理人不必是公司的股东； | | 代理人不必是公司的股东； | （四）有权出席股东大会股东的股 | | （四）有权出席股东大会股东的股 | 权登记日； ...

1 浙江双箭橡胶股份有限公司章程 二○二四年三月 目 录 第五章 董事会 2 第一章 总则 第二章 经营宗旨和范围 第三章 股份 第一节 股份发行 第二节 股份增减和回购 第三节 股份转让 第四章 股东和股东大会 第一节 股东 第二节 股东大会的一般规定 第三节 股东大会的召集 第四节 股东大会的提案与通知 第五节 股东大会的召开 第六节 股东大会的表决和决议 第一节 董事 第二节 董事会 第六章 总经理及其他高级管理人员 第七章 监事会 第一节 监事 第二节 监事会 第八章 财务会计制度、利润分配和审计 第一节 财务会计制度 第二节 内部审计 第三节 会计师事务所的聘任 第九章 通知与公告 第一节 通知 第二节 公告 第十章 合并、分立、增资、减资、解散和清算 第一节 合并、分立、增资和减资 第二节 解散和清算 第十一章 修改章程 第十二章 附则 3 浙江双箭橡胶股份有限公司章程 第一章 总则 第一条 为维护公司、股东和债权人的合法权益，规范公司的组织和行为， 根据《中华人民共和国公司法》（以下简称《公司法》）、《中华人民共和国证券法》 （以下简称"《证券法》"）和其他有关规定，制订本章程。 第二条 公司系 ...

浙江双箭橡胶股份有限公司 2023 年度财务决算报告 2023 年, 在公司董事会及管理层的正确决策与领导下，通过管理团队及全 体员工的共同努力，公司的资产规模、产品销量实现稳定增长，现将 2023 年财 务决算的有关情况汇报如下： 一、2023 年度公司财务报告的审计情况 （一）公司 2023 年财务报告已经天健会计师事务所(特殊普通合伙)审计， 并出具了天健审〔2024〕649 号标准无保留意见的审计报告。 | 项 目 | 2023 | 年 | 2022 | 年 | 本年比上年增 减（％） | | --- | --- | --- | --- | --- | --- | | 营业总收入（万元） | 259,257.83 | | 233,512.93 | | 11.03% | | 利润总额（万元） | 28,837.43 | | 14,674.96 | | 96.51% | | 归属于上市公司股东的净利润（万元） | 24,182.84 | | 11,374.84 | | 112.60% | | 经营活动产生的现金流量净额（万元） | 12,031.07 | | 16,603.70 | | -27.54% | ...

浙江双箭橡胶股份有限公司 2023 年度董事会工作报告 2023 年度，浙江双箭橡胶股份有限公司（以下简称"公司"）董事会全体 成员根据《中华人民共和国公司法》（以下简称"《公司法》"）、《中华人民 共和国证券法》（以下简称"《证券法》"）、《深圳证券交易所股票上市规则》 《深圳证券交易所上市公司自律监管指引第 1 号——主板上市公司规范运作》等 法律、法规和规范性文件及《公司章程》《公司董事会议事规则》等要求，结合 公司实际情况，本着勤勉尽责的工作态度开展年度各项工作，切实履行公司及股 东大会赋予董事会的各项职责，严格执行股东大会各项决议，积极推进董事会各 项决议的实施，不断规范公司法人治理结构，确保董事会科学决策和规范运作。 现将公司董事会 2023 年度工作情况汇报如下： 一、2023 年度公司经营情况 2023 年，全球通胀高位运行，经济增速普遍放缓；美欧货币政策在紧缩加 剧后步入尾声，全球金融市场出现阶段性动荡，新兴经济体和发展中国家资本外 流压力明显；发达经济体需求疲弱，叠加逆全球化政策对全球产业链和贸易产生 了显著的负面影响。国内经济恢复缓慢，社会预期偏弱，有效需求不足，居民消 费需求不旺盛。面 ...

| 证券代码：002381 | 证券简称：双箭股份 | 公告编号：2024-012 | | --- | --- | --- | | 债券代码：127054 | 债券简称：双箭转债 | | 浙江双箭橡胶股份有限公司 关于向银行申请综合授信额度的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 浙江双箭橡胶股份有限公司 董 事 会 二○二四年三月二十八日 为满足公司生产经营需要，综合考虑公司资金安排，公司（含下属控股子公 司）拟向非关联方银行申请不超过人民币33亿元的综合授信额度，包括但不限于 流动资金贷款、非流动资金贷款、承兑汇票、保理、保函、开立信用证、票据贴 现等授信业务。上述授信额度最终以相关银行实际审批的授信额度为准，具体融 资金额将视公司的实际经营情况需求决定。授信期限内，授信额度可循环使用。 为提高工作效率，保证业务办理手续的及时性，董事会提请股东大会授权公 司董事长或其指定授权代理人办理上述授信额度相关事宜及签署相关法律文件。 同时，公司（含下属控股子公司）将在非关联方银行申请相关授信额度。 上述授权有效期为公司2023年年度股东大会批准之日起 ...

浙江双箭橡胶股份有限公司 关于 2023 年度会计师事务所履职情况的评估报告 浙江双箭橡胶股份有限公司（以下简称"公司"）聘请天健会计师事务所（特 殊普通合伙）（以下简称"天健"）作为公司 2023 年度审计机构。根据财政部、 国资委及证监会颁布的《国有企业、上市公司选聘会计师事务所管理办法》，公 司对天健在 2023 年审计过程中的履职情况进行了评估。经评估，公司认为，天 健资质等方面合规有效，履职能够保持独立性，勤勉尽责，公允表达意见。具体 情况如下： 一、资质条件 | 事务所名称 | 天健会计师事务所（特殊普通合伙） | | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 成立日期 | 2011 7 组织形式 | 年 | 月 | 18 | 日 | | | 特殊普通合伙 | | | | 注册地址 | 浙江省杭州市西湖区灵隐街道西溪路 128 号 | | | | | | | | | | | 首席合伙人 | 王国海 上年末合伙人数量 | | | | | | | 238 | 人 | | | ...

2023 环 境 、社 会 及 治 理 (ESG)报告 浙江双箭橡胶股份有限公司 报告概述 编制依据 本报告主要参照中国证监会发布的《上市公司治理准则(2018年修订)》深圳证券交易所颁 布的《上市公司自律监管指引第１号—主板上市公司规范运作》、《深圳证券交易所上市公司自律 监管指引第3号—行业信息披露》、以及国家标准《社会责任报告编写指南》(GB/T36001-2015) 等标准要求编写。 报告范围 1.主体范围 本报告范围主体范围指浙江双箭橡胶股份有限公司及其子公司。 2.时间范围 本报告时间范围指 2023年1月至2023年12月。 (为了报告的完整性,本报告会引用其他时间的数据,会有注明。) 3.发布周期 本报告为年度报告。 数据说明 本报告所披露的信息和数据均来自浙江双箭橡胶股份有限公司的正式工作文件及相关统计 数据，并经由公司相关部门审核确认，确保不存在虚假记载、误导性陈述或重大遗漏。 汇报原则 1.重要性原则 结合利益相关方期望进行重要性议题识别和评估,本报告开展实质性议题分析,并由对董事 会审议议题的完整性,保障的对投资者及其他持份者产生重要影响的信息充分披露。 2.平衡性原则 本报告旨在平衡 ...

!"#$%&'()*+,- ./01234567'(+,- 898: ;<=>?@AB- | 保荐人名称：华泰联合证券有限责任公司 | 被保荐公司简称：双箭股份 | | --- | --- | | 保荐代表人姓名：卢旭东 | 联系电话：021-38966923 | | 保荐代表人姓名：秦楠 | 联系电话：021-38966923 | CD=>?@EF | 项目 | 工作内容 | | --- | --- | | 1.公司信息披露审阅情况 | | | （1）是否及时审阅公司信息披露文件 | 是 | | （2）未及时审阅公司信息披露文件的次数 | 0 次 | | 2．督导公司建立健全并有效执行规章制度的情况 | | | （1）是否督导公司建立健全规章制度（包括 | | | 但不限于防止关联方占用公司资源的制度、 | 是 | | 募集资金管理制度、内控制度、内部审计制 | | | 度、关联交易制度） | | | （2）公司是否有效执行相关规章制度 | 是 | | 3.募集资金监督情况 | | | （1）查询公司募集资金专户次数 | 2 次 | | （2）公司募集资金项目进展是否与信息披露 | 是 | | 文件一致 | ...