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 12.29 CNY, with a market capitalization of approximately 17.69 billion 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: 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 initiatives.
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.
Related Party Transactions: iRay Group has updated its forecast for related party transactions for 2025. This transparency is crucial for maintaining investor confidence and ensuring compliance with regulatory requirements.
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 enhance its capabilities in this area, having established a dedicated CT ball tube team in 2022.
These developments reflect iRay Group’s proactive approach to capitalizing on emerging opportunities and strengthening its market position. Investors and stakeholders will closely monitor the company’s progress in these strategic initiatives.