Brief Introduction

iRay is a leader in the development and manufacturing of key X-ray system components used in medical, dental, veterinary, security and industrial imaging applications.

Founded in 2011, iRay is headquartered in Shanghai, China and has production facilities in Shanghai and Taicang, China, and in Seoul, Korea.

Through innovation and with leading technology development, iRay has introduced a broad flat panel detector portfolio, which spans from amorphous silicon (a-Si) to Oxide (IGZO) TFTs, flexible substrates, and CMOS detectors. In recent years iRay has expanded its product offerings to include X-ray collimators, generators, ionization chambers, and high energy linear accelerators.

iRay has become China's leading manufacturer of flat panel detectors, and its products are used in more than 70 nations and areas, including the United States and many European countries.

Company Overview

Full name iRay Technology Company Limited
Abbreviations iRay
Code 688301.SH
Founded March 7, 2011
Listing September 18, 2020
Domicile Shanghai, China
Website www.iraygroup.com
Email ir@iraygroup.com
STAR Theme Biomedicine
CSRCSector Equipment Manufacturing
Has weighted voting rights structure? No

Financials

Highlights

  2019 2018 2017
Earnings Per Share 1.77 1.44 1.36
R&D expenditure as a % of operating revenue 16.11% 15.64% 13.54%
Operating Revenue 546.11 439.42 355.74
Net Income 95.32 77.01 72.14

Income Statement (Unit: RMB mn)

  2019 2018 2017
Operating Revenue 546.11 439.42 355.74
Operating Costs 277.02 237.31 175.33
Operating Income 95.92 60.71 64.64
Pretax Income 102.97 67.41 64.76
Income Tax 7.65 8.09 10.31
Net Income 95.32 59.32 54.45

Balance Sheet(Unit: RMB mn)

  2019 2018 2017
Assets
Current Assets-Total 514.29 365.02 294.51
Non-current Assets-Total 183.35 126.66 86.79
Total Assets 697.64 491.68 381.30
Liabilities
Current Liabilities-Total 234.56 146.05 116.89
Non-current Liabilities-Total 37.47 14.61 13.00
Total Liabilities 272.03 160.66 129.89
Stockholder's Equity
Share Capital 235.42 235.42 217.74
Retained Profits 190.12 94.09 33.57
Total Owners' Equity 425.61 331.02 251.42

Cash Flow Statement (Unit: RMB mn)

  2019 2018 2017
Net Cash Flows-Operating 30.78 19.29 101.68
Net Cash Flows-Investing -15.58 -1.66 -96.76
Net Cash Flows-Financing 18.04 -9.37 4.60

Top 10 Shareholders

Name No. of Shares Held (mn) % of Shares Held
上海奕原禾锐投资咨询有限公司 Shanghai Yiyuan Herui Investment Consulting Co., Ltd. 1.19 16.42%
上海和毅投资管理有限公司 ShanghaiHeyi Investment Management Co., Ltd. 0.80 10.97%
天津红杉聚业股权投资合伙企业(有限合伙) Tianjin Sequoia Juye Equity Investment Partnership (L.P.) 0.63 8.68%
苏州工业园区禾源北极光创业投资合伙企业(有限合伙) Suzhou Industrial Park Heyuan Northern Light Venture Capital Partnership (L.P.) 0.45 6.14%
北京红杉信远股权投资中心(有限合伙) Beijing Sequoia XinYuan Equity Investment Partnership (L.P.) 0.44 6.07%
上海常则投资咨询合伙企业(有限合伙) Shanghai Changze Investment Consulting Partnership ( L.P.)) 0.43 5.99%
上海辰岱投资中心(有限合伙) Shanghai Chendai Investment Center (L.P.)) 0.27 3.79%
上海张江火炬创业投资有限公司 Shanghai Zhangjiang Torch Venture Investment Co., Ltd. 0.22 3.07%
上海常锐投资咨询合伙企业(有限合伙) Shanghai Changrui Investment Consulting Partnership (L.P.)) 0.21 2.93%
深圳鼎成合众投资基金管理合伙企业(有限合伙) Shenzhen Dingcheng Hezhong Investment Fund Management Partnership (L.P.)) 0.17 2.33%
 

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