编号：2019-009 证券代码：002381 证券简称：双箭股份 浙江双箭橡胶股份有限公司投资者关系活动记录表 | --- | --- | --- | |-----------------------|------------------------------|----------------------------------------------------------| | | | | | | ■ | 特定对象调研 □分析师会议 | | | □ | 媒体采访 □业绩说明会 | | 投资者关系活动 类别 | □ | 新闻发布会 □路演活动 | | | □ 现场参观 | | | | □ 其他： | | | 参与单位名称及 | 旭松资本：沈晔 | | | 人员姓名 | | | | 时间 | 2019 年 12 月 20 | 日 | | 地点 | 桐乡市商会大厦 B | 座 15 楼会议室 | | 上市公司接待人 员姓名 | 副总经理兼董事会秘书：张梁铨 | | | 投资者关系活动 | | 张梁铨先生对公司作了简单介绍：公司 1986 年建厂， | | 主要内容介绍 | | 主要产品为橡胶输送带，行业规模 ...

编号：2019-008 证券代码：002381 证券简称：双箭股份 浙江双箭橡胶股份有限公司投资者关系活动记录表 | --- | --- | --- | |-----------------------|------------------------------|------------------------------------------------------| | | | | | | ■ | 特定对象调研 □分析师会议 | | | □ 媒体采访 □业绩说明会 | | | 投资者关系活动 类别 | □ 新闻发布会 □路演活动 | | | | □ 现场参观 | | | | □ 其他： | | | 参与单位名称及 | 新时代证券：李啸、程磊 | | | 人员姓名 | | | | 时间 | 2019 年 12 月 4 | 日 | | 地点 | 桐乡市商会大厦 B | 座 15 楼会议室 | | 上市公司接待人 员姓名 | 副总经理兼董事会秘书：张梁铨 | | | 投资者关系活动 | | 与调研人员交流的主要问题如下： | | 主要内容介绍 | 1 | 、公司投资养老业务情况怎么样？ | | | | 回答 ...

证券简称：双箭股份 证券代码：002381 编号：2019-006 | --- | --- | --- | |---------------------|------------------------------|------------------------------------------------------| | | ■ | 特定对象调研 □分析师会议 | | | □ 媒体采访 □业绩说明会 | | | 投资者关系活动 类别 | □ 新闻发布会 □路演活动 | | | | □ 现场参观 | | | | □ 其他： | | | 参与单位名称及 | 国金证券：孙蔚 | | | 人员姓名 | 中银国际：余嫄嫄 | | | 时间 | 2019 年 8 月 16 | 日 | | 地点 | 公司科研中心会议室 | | | 上市公司接待人 | 董事长：沈耿亮 | | | 员姓名 | 副总经理兼董事会秘书：张梁铨 | | | 投资者关系活动 | | 与调研人员交流的主要问题如下： | | 主要内容介绍 | 1 | 、公司输送带产能是多少？ | | | | 回答：目前公司输送带产能约 5000 万平方米，在建输 ...

Group 1: Elderly Care Business - The first nursing home established by the company, Tongxiang Heji Nursing Home, has reached full occupancy with 180 beds planned for future expansion [2] - The company currently manages approximately 1,100 beds across various facilities, including subsidiaries [3] - The elderly care business is still in a loss-making state, with only the Heji Nursing Home achieving profitability so far [4] Group 2: Business Expansion Plans - The company plans to expand its elderly care services primarily in local areas using a light asset model, gradually moving towards larger cities [3] - For external investments in elderly care, the company will continue to adopt a light asset approach, primarily through leasing [3] Group 3: Conveyor Belt Business - The conveyor belt business remains the main profit source, while the elderly care segment is still small and unprofitable [4] - The company has seen stable production capacity in the conveyor belt sector, with a focus on high-end products leading to improved profit margins [4] - The company is constructing a new project with an annual capacity of 10 million square meters for high-strength conveyor belts to alleviate production delays [5] Group 4: Market Stability and Sales - Conveyor belts are primarily used in coal, steel, ports, cement, and electricity industries, which account for about 90% of total consumption, making the demand relatively stable [5] - The company’s sales model is based on order-driven production, with various payment methods depending on customer types [6] Group 5: International Business and Shareholder Actions - Currently, the company’s overseas business accounts for less than 30%, with plans to establish direct sales relationships with foreign mining companies [7] - Shareholders have disclosed plans to reduce their holdings, which is part of a normal exit process for financial investments [7]

证券简称：双箭股份 证券代码：002381 编号：2019-005 浙江双箭橡胶股份有限公司投资者关系活动记录表 | --- | --- | --- | |-----------------------|------------------------------|------------------------------------------------| | | | | | | ■ | 特定对象调研 □分析师会议 | | | □ | 媒体采访 □业绩说明会 | | 投资者关系活动 类别 | □ 新闻发布会 □路演活动 | | | | □ 现场参观 | | | | □ 其他： | | | 参与单位名称及 | 海通证券：刘海荣 | | | 人员姓名 | | | | 时间 | 2019 年 4 月 30 | 日 | | 地点 | 桐乡商会大厦 B | 座 15 楼会议室 | | 上市公司接待人 员姓名 | 副总经理兼董事会秘书：张梁铨 | | | 投资者关系活动 | | 与调研人员交流的主要问题如下： | | 主要内容介绍 | 1、从 2018 | 年 2 季度开始公司产品毛利率逐步上升是什 | | | 么 ...

证券简称：双箭股份 证券代码：002381 浙江双箭橡胶股份有限公司投资者关系活动记录表 编号：2018-001 | --- | --- | --- | |---------------------|------------------------------|------------------------------------------| | | | | | | ■ | 特定对象调研 □分析师会议 | | | □ | 媒体采访 □业绩说明会 | | 投资者关系活动 类别 | □ 新闻发布会 □路演活动 | | | | □ 现场参观 | | | | □ 其他： | | | 参与单位名称及 | 国信证券：李伟波 | | | 人员姓名 | 敦钧资产管理有限公司：龚语潇 | | | | | 杭州嘉伦资产管理有限公司：梁文月 | | | 正帛资本：柴能 | | | | | 杭州逸博投资管理有限公司：冯蕾 | | | | 宁波国京投资管理有限公司：陈泽浩、魏恩达 | | | | 杭州南象资产管理有限公司：张焕文 | | | 美港资本：陈锋、张迪 | | 1 | --- | --- | |------------- ...

Production Capacity and Utilization - The company has a conveyor belt production capacity of 50 million square meters, with an actual output of over 42 million square meters in 2018, resulting in an 80% utilization rate [3] - The market demand for conveyor belts is primarily driven by existing stock rather than new demand, with long-distance conveyor applications and overseas market expansion being key growth areas [4] Pricing and Cost Management - The prices of conveyor belt products generally do not fluctuate significantly, primarily influenced by raw material costs, especially natural rubber [3] - The company can pass on raw material price increases to downstream customers, although there is a certain lag in product price adjustments [4] Financial Performance and Projections - The company anticipates a performance increase in Q1 2019, mainly due to a higher proportion of high-end products contributing to improved gross profit margins [4] - Management and sales expenses have decreased due to the exclusion of Beijing Youji Industrial Co., Ltd. from the consolidation scope since May 2017 [5] Strategic Development - The company aims to strengthen its core conveyor belt business while transitioning from a traditional rubber conveyor manufacturer to a comprehensive material handling system solution provider [6] - The company has established three nursing homes with a total of approximately 900 beds, and plans to increase capacity by an additional 180 beds through collaboration with local social welfare centers [6] Market Expansion and Innovation - The company is focused on enhancing its product technology and innovation, with ceramic high-wear-resistant conveyor belts having a lifespan 10 times longer than standard ones [6] - The company has set annual sales targets for overseas markets and is actively developing products that meet market demands [4]

Group 1: Company Overview - The company is Zhejiang Shuangjian Rubber Co., Ltd., with the stock code 002381 [1] - The company is involved in the construction of a 22-kilometer cement clinker conveyor line, which is the longest logistics conveyor belt in China [3] Group 2: Investment and Cost Efficiency - The conveyor line construction cost is approximately 520 million CNY [3] - The new conveyor line can reduce transportation vehicle trips by about 2,400 per day, saving transportation costs by approximately 50% [4] Group 3: Product Pricing and Market Competition - The total cost of the conveyor belt for the Southern Cement project is around 40 million CNY, with prices varying significantly based on specifications [3] - Currently, only two major foreign companies and the company are producing long-distance conveyor belts [3] Group 4: Production Capacity and Industry Trends - The company's current production capacity is approximately 50 million square meters per year, with a new production line of 10 million square meters for steel wire core conveyor belts under construction [4] - There is limited expansion among competitors, primarily focusing on low-end products [4]

Group 1: Market Overview - The rubber price is currently operating at a low level, with limited downward space due to a decline in demand from the tire industry [2] - The company’s downstream clients mainly include large state-owned enterprises in coal, electricity, port, steel, and cement industries, which are relatively stable [4] Group 2: Product Performance - The company's product gross margin is improving due to price increases in conveyor belt products and a gradual rise in high-end product sales [3] - The company exports approximately 25% of its products, with higher gross margins compared to domestic sales [4] Group 3: Production Capacity - The production capacity for steel wire core conveyor belts is around 1,500 million square meters per year [4] - The company generally has a production schedule of 1-3 months [4] Group 4: Future Growth and Investments - The market for conveyor belts is expanding due to the increasing use of long-distance transportation and the shift from traditional transport methods to conveyor systems [5] - The company has entered the elderly care industry, with its first nursing home fully occupied and plans for further expansion in this sector [5][6]

Group 1: Product Information - The calculation of the area of conveyor belt products is based on width and layers, not just natural square meters [2] - The company classifies rubber conveyor belts by skeleton material, functional characteristics, and shape [3] - The new annual production capacity of 10 million square meters for steel wire core conveyor belts is expected to be partially operational in the second half of 2019 [3] Group 2: Market Demand and Competition - There is a significant market demand for long-distance and complex terrain conveyor belts, which primarily use steel wire core technology [4] - The company's competitive advantage lies in the long service life of its products, which some competitors cannot produce [4] - Major competitors include Michelin and Bridgestone internationally, and Kordsa domestically [5] Group 3: Business Operations - The company primarily signs orders on a case-by-case basis, with some annual contracts [5] - Main raw materials include skeleton materials (steel wire, canvas, aramid), natural rubber, synthetic rubber, carbon black, and other chemicals [5] - The company has not considered participating in rubber futures hedging [5] Group 4: Elderly Care Initiatives - The company has established its first nursing home with approximately 900 beds and plans to increase capacity by 180 beds through collaboration with local welfare centers [6] - The company is exploring a model that combines medical care and elderly services, learning from Japanese operational models [6]