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Zhejiang Double Arrow Rubber (002381.SZ): Tongxiang Guotou plans to transfer its 5.10% shares to Runtong Holdings without compensation.
On December 11, Gelonghui reported that Zhejiang Double Arrow Rubber (002381.SZ) announced that on December 11, 2024, it received a notification from the shareholder Tongxiang Guotou holding more than 5% of shares, informing that Tongxiang Guotou intends to further revitalize the company’s existing resources, optimize the state-owned capital layout, and strengthen, enhance, and expand state-owned capital by transferring all of its directly held 21,000,000 shares of unrestricted circulating A shares (which account for 5.10% of the company's total share capital) to its wholly-owned subsidiary, Runtong Holdings, free of charge.
Zhejiang Double Arrow Rubber (002381.SZ): The current domestic market share is approximately around 14%, while the foreign market share is relatively low.
Gelonghui on November 7th | Zhejiang Double Arrow Rubber (002381.SZ) accepted a targeted survey on November 7, 2024, regarding 'What is the company's current market share approximately?' The company stated that the concentration of the conveyor belt industry is relatively low and gradually shifting towards leading enterprises. In terms of market share, the company currently holds roughly 14% of the domestic market share, with a lower market share overseas. With the continuous expansion of the company's production capacity, it will further expand the domestic and foreign markets to increase market share.
Zhejiang Double Arrow Rubber (002381.SZ): The newly added Tiantai production base has an annual production capacity of 60 million square meters.
Ge Longhui, November 7th, zhejiang double arrow rubber (002381.SZ) accepted a specific object survey on November 7, 2024, regarding "What is the purpose of the company's current new production capacity? What are the main products being produced?" The company stated that currently, the domestic conveyor belt market is highly competitive. The newly added Tiantai production base has an annual capacity of 60 million square meters, mainly aiming to expand our competitive advantage and increase the company's market share. The additional capacity at the Tiantai base is for fabric core conveyor belts. When operating at full capacity, large-scale production can effectively reduce the fixed cost per unit product.
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