Since its establishment in 2004, Rayitek has developed into a leading professional manufacturer of polyimide (PI) film in mainland China. Rayitek has successfully achieved the mass production of thermal-control PI film, electronic PI film, electrical PI film, besides, its PI film applied to aerospace industry has achieved small-volume sales, and PI film applied to flexible display field has realized sample sales. Downstream applications of Rayitek are widely distributed in flexible printed circuit boards, consumer electronics, high-speed rail transit, wind power, 5G communications, flexible displays, aerospace and other emerging sectors of strategic importance.
Owing to more than 17 years of research and development accumulation, Rayitek has mastered the complete core technology of high-performance PI film manufacturing, containing formula, process and equipment three aspects, and has become one of the high-performance PI film suppliers of most diverse product range globally. Breaking the technical blockade and market monopoly of foreign manufacturers including DuPont on the domestic high-performance PI film industry, Rayitek has stepped into the stage of international competition. With a variety of products filling the domestic blank of high-performance PI film industry, Rayitek has been approved and recognized by many well-known companies at home and abroad, such as Siemens, Bombardier, CRRC, Avery Dennison, Tesa, Polyonics, Taiflex Technology, ITEQ corporation and so.
Perched at the top of the polymer material pyramid, PI film is known as the "gold film". High-performance PI film makes containment on the rapid development of many high-tech industries in our country. The PI film industry is one of emerging sectors of strategic importance. As a pioneer in the domestic high-performance PI film industry, Rayitek completed the National Development and Reform Commission's "1000mm wide continuous biaxial oriented polyimide film production line" high-tech industrialization demonstration project in 2010. Similar products have reached the international advanced level and greatly promoted the localization process of high-performance PI film.
The company's engineering technology center was recognized as a provincial engineering technology research center in 2020. Two types of product of the company are listed in the "Made in China 2025 Key New Materials First Batch Application Demonstration Catalog (2017 Edition)". The biaxially oriented PI film products won the gold medal of the 2012 China New Materials Industry Expo, and the colorless PI film product won the gold medal of the 2014 China International New Materials Industry Expo.
On April 28 of 2021, RAYITEK (688323.SH) was listed on the STAR Market Board of the Shanghai Stock Exchange.
|Earnings Per Share||0.43||0.25||0.34|
|R&D expenditure as a % of operating revenue||6.60%||8.84%||9.65%|
|Total Owners' Equity||607.60||549.40||515.78|
|Net Cash Flows-Operating||90.27||82.44||15.66|
|Net Cash Flows-Investing||-219.67||-148.08||-124.04|
|Net Cash Flows-Financing||113.07||-8.98||228.37|
|Name||No. of Shares Held (mn)||% of Shares Held|
All information contained herein is provided by the underlying company itself and is for informational purposes only, and nothing contained herein should be construed as investment advice, either on behalf of a particular security or an overall investment strategy. The Shanghai Stock Exchange does not guarantee its accuracy and reliability and shall under no circumstance be responsible or liable for any error or for any loss directly or indirectly arising from any inaccuracy or omission or from any decision, action or non-action based on or in reliance upon the information herein.
Users may view and download the information herein for personal and non-commercial use free of charge subject to the laws of the People's Republic of China and the Legal Statement. No part of the information herein may be copied, downloaded, stored in a retrieval system or transmitted in any form or by any means, rented, displayed, performed, reproduced, photocopied, altered, sold, broadcast, published or otherwise in whole or in part in any manner for commercial purposes, without the prior written consent of the Shanghai Stock Exchange.
Users are hereby reminded that the Legal Statement represents your legally binding agreement with the Shanghai Stock Exchange. By accessing or using this website, you are also signifying your agreement with and acceptance of all the contents in the Legal Statement. The Shanghai Stock Exchange reserves the right to amend and interpret the Legal Statement.