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.

iRay has completed its initial public offering (IPO) and been listed on the Science and Technology Innovation Board of Shanghai Stock Exchange since September 18, 2020 (Stock Code: SH.688301).

Company Overview

Code 688301
Founded 2011-03-07
Listing 2020-09-18
Domicile Shanghai
STAR Theme High-end Equipment
CSRC Sector Manufacturing
Has weighted voting rights structure? No



  2020 2019 2018
Earnings Per Share 3.77 1.77 1.11
R&D expenditure as a % of operating revenue 12.24% 16.11% 15.64%
Operating Revenue 784.08 546.11 439.42
Net Income 223.09 95.32 59.32

Income Statement (Unit: RMB mn)

  2020 2019 2018
Operating Revenue 784.08 546.11 439.42
Operating Costs 377.89 277.02 237.31
Operating Income 251.66 95.92 60.71
Pretax Income 254.30 102.97 67.41
Income Tax 31.20 7.65 8.09
Net Income 223.09 95.32 59.32

Balance Sheet(Unit: RMB mn)

  2020 2019 2018
Current Assets-Total 2,725.95 514.29 365.02
Non-current Assets-Total 169.42 183.34 126.66
Total Assets 2,895.37 697.64 491.68
Current Liabilities-Total 235.50 234.56 146.05
Non-current Liabilities-Total 26.07 37.47 14.61
Total Liabilities 261.57 272.03 160.66
Stockholder's Equity
Share Capital 2,221.59 235.42 235.42
Retained Profits 411.95 190.12 94.09
Total Owners' Equity 2,633.80 425.61 331.02

Cash Flow Statement (Unit: RMB mn)

  2020 2019 2018
Net Cash Flows-Operating 262.32 30.78 19.29
Net Cash Flows-Investing -1,013.24 -15.58 -1.66
Net Cash Flows-Financing 1,967.45 18.04 -9.37

Top 10 Shareholders

Name No. of Shares Held (mn) % of Shares Held
Shanghai Yiyuan Herui Investment Consulting Co., Ltd. 11.92 16.42%
Shanghai Heyi Investment Management Co., Ltd 7.96 10.97%
Tianjin Sequoia Juye Equity Investment Partnership(L.P.) 6.30 8.68%
Suzhou Industrial Park Heyuan, Northern Light Venture Capital Partnership (L.P.) 4.46 6.14%
Beijing Sequoia Xinyuan Equity Investment Center (L.P.) 4.40 6.07%
Shanghai Changze Investment Consulting Partnership (L.P.) 4.35 5.99%
Shanghai Chendai Investment Center (L.P.) 2.75 3.79%
Shanghai Zhangjiang Torch Venture Capital Co., Ltd. 2.23 3.07%
Shanghai Changrui Investment Consulting Partnership (L.P.) 2.13 2.93%
Shenzhen Dingcheng Hezhong Investment Fund Management Partnership (L.P.) 1.69 2.33%
 As of 2021-03-31

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