Brief Introduction

Founded in 1984, we have been devoting to the R & D, production, and sales of functional ceramic powder materials for 37 years. As a leading enterprise in the domestic industry, we possess independent and systematic intellectual property rights for functional fillers of ceramic powder (such as silicon-based oxide fillers, aluminum-based oxide fillers, composite-based oxide fillers, etc.) We are a national high-tech enterprise. Ministry of Industry and Information Technology has listed us as the first batch of specialized, refined, distinctive, and innovative "little giant" enterprises.

We continue to consolidate the existing technology and work hard to improve the performance of our products. Through improving processes and designing unique methods to improve the products, we have improved the common problems in the industry, such as pores, dielectric loss, particle agglomeration, hole wall cracks, partial discharge control under ultra-high voltage, and so on.

We continue to increase investment in the research and development of silicon-based nitrides, aluminum-based nitrides, silicon-based hollow spheres, and chemically prepared micro-nano spherical silica. We set up subsidiaries to build factories for the special industrialized manufacturing of liquid fillers and a special layout for the production of spherical alumina fillers.

Under the guidance of the vision of "strive to be a partner that customers always trust", we closely focus on industry development trends and strategically cooperate with leading domestic and foreign industry customers. After years of continuous R&D investment and technology accumulation, we already have the industry-leading technical level. Our products are widely used in semiconductor and new energy vehicle-related businesses such as epoxy plastic packaging materials and underfill materials for chip packaging, CCL for printed circuit board, thermal interface materials, electronic packaging materials, etc; Building adhesives, artificial quartz board, and honeycomb ceramic carrier for environmental protection and energy conservation; And UHV electrical insulation products, 3D printing materials, dental materials, and other emerging business.

Company Overview

Full name Novoray Corporation
Abbreviations Novoray
Code 688300
Founded Apr28,2002
Listing Nov15,2019
Domicile LianYuanGuang
STAR Theme New Materials
CSRC Sector Manufacturing
Has weighted voting rights structure? No



  2020 2019 2018
Earnings Per Share 1.29 1.13 0.93
R&D expenditure as a % of operating revenue 4.89% 4.07% 3.80%
Operating Revenue 404.20 315.30 278.11
Net Income 110.92 74.69 58.37

Income Statement (Unit: RMB mn)

  2020 2019 2018
Operating Revenue 404.20 315.30 278.11
Operating Costs 231.04 169.29 158.89
Operating Income 123.90 85.13 67.89
Pretax Income 128.37 86.83 67.88
Income Tax 17.45 12.14 9.52
Net Income 110.92 74.69 58.37

Balance Sheet(Unit: RMB mn)

  2020 2019 2018
Current Assets-Total 797.06 826.26 272.51
Non-current Assets-Total 295.51 197.47 141.22
Total Assets 1,092.57 1,023.73 413.73
Current Liabilities-Total 90.17 92.34 52.26
Non-current Liabilities-Total 38.45 35.24 41.93
Total Liabilities 128.62 127.58 94.19
Stockholder's Equity
Share Capital 705.91 705.91 188.05
Retained Profits 258.04 190.24 131.49
Total Owners' Equity 963.95 896.15 319.55

Cash Flow Statement (Unit: RMB mn)

  2020 2019 2018
Net Cash Flows-Operating 89.69 80.58 55.69
Net Cash Flows-Investing -312.71 -219.61 -25.21
Net Cash Flows-Financing -67.57 490.55 27.08

Top 10 Shareholders

Name No. of Shares Held (mn) % of Shares Held
广东生益科技股份有限公司 20.00 23.26%
李晓冬 17.35 20.18%
江苏省东海硅微粉厂 15.00 17.45%
江苏连云港国际物流园投资有限公司 2.00 2.33%
刘春昱 1.24 1.44%
阮建军 1.16 1.35%
湛江中广创业投资有限公司 1.00 1.16%
苏州中和春生三号投资中心(有限合伙) 1.00 1.16%
东莞市东证宏德投资有限公司 0.86 1.00%
31 Mar 2021

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