iRay Group Announces Strategic Investments and Corporate Developments
iRay Technology Co Ltd, a prominent Chinese company listed on the Shanghai Stock Exchange, has recently made several strategic announcements that could impact its future growth trajectory. As of May 23, 2025, the company’s stock closed at 122.92 CNY, with a market capitalization of 17,686,853,571 CNY. The company’s price-to-earnings ratio stands at 36.5038, reflecting investor sentiment and market expectations.
Investment in Silicon-Based OLED Micro Display Backplane Project
On May 23, 2025, iRay Group announced its intention to invest in a silicon-based OLED micro display backplane production project. The company plans to establish a cooperative relationship with Siya Technology and specific customers. Siya Technology will supply silicon-based OLED micro display modules to these customers, while iRay Group will act as an approved supplier, providing essential core materials for Siya’s production needs. This strategic move aims to enhance iRay’s position in the advanced display technology sector.
Corporate Governance and Financial Decisions
In a series of announcements, iRay Group disclosed several key corporate governance and financial decisions:
Third Supervisory Board Meeting Resolution: The company held its thirteenth meeting of the third supervisory board, where several resolutions were passed. These decisions are part of the company’s ongoing efforts to strengthen its governance framework and ensure sustainable growth.
Capital Increase and External Investment: iRay Group announced plans to increase capital in its wholly-owned subsidiary and make external investments. This move is expected to bolster the company’s financial position and support its expansion strategies.
Second Extraordinary Shareholders’ Meeting: The company has scheduled its second extraordinary shareholders’ meeting for 2025. This meeting will address critical issues and provide shareholders with an opportunity to participate in key decision-making processes.
Anticipated Related Party Transactions: iRay Group has also announced the addition of anticipated related party transactions for 2025. These transactions are part of the company’s broader strategy to optimize its operations and enhance shareholder value.
Opportunities in Domestic Production of CT Ball Tubes
In response to a query from an investor, iRay Group addressed the potential impact of China’s anti-dumping investigation into imported CT ball tubes from the United States and India. The company highlighted that the domestic production rate of CT ball tubes remains low, presenting significant opportunities for domestic substitution. iRay Group has already taken steps to establish a dedicated CT ball tube team since 2022, positioning itself to capitalize on this emerging market opportunity.
These recent developments underscore iRay Group’s proactive approach to strategic investments, corporate governance, and market opportunities. As the company continues to navigate the dynamic landscape of the technology sector, these initiatives are expected to play a crucial role in its future growth and success.