Aankondiging • Apr 28
Raytron Technology Co.,Ltd., Annual General Meeting, May 21, 2026 Raytron Technology Co.,Ltd., Annual General Meeting, May 21, 2026, at 14:30 China Standard Time. Location: The Company's Meeting Room, Yantai, Shandong China Reported Earnings • Apr 10
Full year 2025 earnings: EPS and revenues exceed analyst expectations Full year 2025 results: EPS: CN¥2.50 (up from CN¥1.28 in FY 2024). Revenue: CN¥6.30b (up 46% from FY 2024). Net income: CN¥1.12b (up 98% from FY 2024). Profit margin: 18% (up from 13% in FY 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 14%. Earnings per share (EPS) also surpassed analyst estimates by 20%. Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 23% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 31% per year whereas the company’s share price has increased by 35% per year. Aankondiging • Mar 30
Raytron Technology Co.,Ltd. to Report Q1, 2026 Results on Apr 28, 2026 Raytron Technology Co.,Ltd. announced that they will report Q1, 2026 results on Apr 28, 2026 Aankondiging • Mar 20
Raytron Microelectronics Announces New Infrared Thermal Modules For OEM Integration Raytron Microelectronics, a subsidiary of Raytron Technology Co. Ltd. and a leader in infrared thermal imaging, announced the launch of three new thermal imaging modules — WN2T, DVS256, and the ECOT series — at MWC Barcelona 2026. Under the theme 'See Heat. Anywhere.', Raytron Microelectronics showcases how compact, high-performance thermal modules are enabling broader adoption of infrared technology in outdoor night vision, search and rescue, smart cities, industrial inspection, and intelligent manufacturing. The WN2T, the latest addition to the WN2 series, is designed for high-precision temperature measurement. Available in multiple resolution options ranging from 256×192 to 640×512, the WN2T integrates a proprietary 12 µm high-frame-rate infrared detector with its second-generation infrared ISP for stable and high-clarity imaging. Compared with the WN2 thermal imaging module, the WN2T introduces a real-time temperature display function, enabling accurate temperature data directly on thermal images. This makes it ideal for predictive maintenance, solar panel inspection, critical equipment monitoring, and commercial drone operations. Designed for the consumer market, the DVS256 combines infrared and visible light imaging to deliver enhanced visual images. With 256 × 192 resolution and 25 Hz frame rate, it ensures smooth imaging while maintaining low-power consumption. Compatible with both Android and iOS platforms, the module supports flexible integration into handheld thermal cameras and smartphone accessories. The ECOT series is a 160×120 LWIR module designed for space-constrained environments. With its compact size (10.5 mm × 10.5 mm × 5.8 mm) and low power consumption, ECOT brings thermal imaging and temperature measurement to a wide range of applications, including smartphones, smart home appliances and portable temperature measurement instruments. The newly-launched thermal modules highlight Raytron Microelectronics' continuous innovation in high-performance, miniaturized infrared thermal imaging products, while accelerating the expansion of thermal sensing from traditional industrial and professional applications into a wider ecosystem of smart devices and consumer electronics. Aankondiging • Mar 03
Raytron Technology Co., Ltd. Announces Ex10 Handheld Thermal Imaging Camera Launch Raytron, a leader in infrared thermal imaging, announced the launch of its EX10 handheld thermal imaging camera. By transforming invisible temperature variations into high-resolution thermal images, the EX10 enables engineers, energy auditors, and facility managers to conduct highly efficient, non-destructive inspections. In underfloor heating systems, diagnosing clogged pipes, uneven heating, or leaks traditionally requires invasive floor removal that is both time-consuming and costly. With the EX10, technicians can instantly visualize heat distribution along the pipeline network, quickly identifying cold spots or anomalies. This non-contact method eliminates the need to open floors for preliminary checks, reducing repair costs and minimizing disruption while improving inspection efficiency. In one real-world case, after identifying a general area of concern, an HVAC inspection team injected hot water into suspected leaking pipes. Within minutes, the EX10 displayed a clear thermal trace of the leaking water, creating a distinct thermal signature against the cooler surrounding structure. This enabled precise localization of the failure point and provided the client with compelling visual evidence to support repair decisions. Infrared imaging is becoming an indispensable tool for evaluating building envelopes. Insulation defects, thermal bridging, and air leakage are primary drivers of energy loss. Equipped with an ultra-fine thermal sensitivity of 40mK, the EX10 enables professionals to capture minute temperature gradients. This precision allows for locating thermal anomalies to support data-driven decisions for energy-saving renovations. Furthermore, in concealed water pipe inspections, a thermal imager identifies moisture accumulation within walls or floors by detecting subtle evaporative cooling effects, facilitating targeted repairs rather than blind excavation. Raytron continues to drive the integration of infrared technology across the industrial temperature measurement, building diagnostics, night vision, and security monitoring. The launch of the EX10 underscores Raytron's mission to expand the boundaries of non-destructive testing (NDT). By providing smarter, more visualized tools, Raytron is empowering the industry to move toward a greener, more efficient, and more intelligent future. Reported Earnings • Mar 02
Full year 2025 earnings: EPS and revenues exceed analyst expectations Full year 2025 results: EPS: CN¥2.45 (up from CN¥1.28 in FY 2024). Revenue: CN¥6.32b (up 47% from FY 2024). Net income: CN¥1.10b (up 93% from FY 2024). Profit margin: 17% (up from 13% in FY 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 14%. Earnings per share (EPS) also surpassed analyst estimates by 24%. Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 24% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has increased by 40% per year, which means it is tracking significantly ahead of earnings growth. Aankondiging • Feb 11
Raytron Unveils Ai-Powered Infrared Tech to Transform Industrial Monitoring In traditional industrial settings, equipment monitoring often relies on periodic inspections or post-failure analysis, allowing risks to escalate into costly downtime and safety incidents. Raytron launches its intelligent infrared monitoring system, which combines advanced infrared sensors and AI algorithms. Designed for high-temperature industrial environments, the system enables continuous, non-contact monitoring and early detection of thermal anomalies before failures occur. Every object above absolute zero emits infrared radiation, which can be captured by infrared sensors and translated into visualized thermal maps. In environments like metallurgical furnaces, heat treatment plants, and high-temperature pipelines, internal conditions are impossible to observe directly. subtle shifts in surface temperature, however, often serve as the earliest indicators of internal failure. Raytron's online thermal camera allows engineers to identify these hidden risks before a breakdown occurs. Ultra-High Infrared Resolution: Thermal imaging resolutions up to 1200 x 600 deliver detailed temperature data across extreme operating ranges from 0degC to 2000degC, enabling precise analysis at the pixel level. Real-Time, Non-Contact Monitoring: Continuous thermal visualization detects abnormal heat patterns without disrupting production. Intelligent Alarms: Custom monitoring zones and temperature thresholds trigger automated alerts when anomalies are detected. Remote Monitoring for Safer Operations: Engineers can access live thermal images and temperature trend data from centralized control rooms. Case Study: Infrared Thermal Imaging for Rotary Kiln Monitoring. The rotary kiln is the "heart" of cement, metallurgical, and chemical production. Constant thermal shock and chemical erosion cause refractory linings to thin or fall off, leading to "hot spots" that threaten structural integrity and cause catastrophic downtime. Raytron's TN460U high-temperature thermal camera provides continuous, non-contact surface monitoring to accurately assess lining health. This data guides operators in predictinglining wear and managing ring formations. By helping identify "red kiln" conditions at an early stage, Raytron supports OEMs and plant managers in reducing the risk of unplanned shutdowns and improving industrial safety. Valuation Update With 7 Day Price Move • Jan 26
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to CN¥125, the stock trades at a forward P/E ratio of 53x. Average forward P/E is 34x in the Electronic industry in China. Total returns to shareholders of 188% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥68.62 per share. New Risk • Jan 23
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 7.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Jan 12
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥114, the stock trades at a forward P/E ratio of 49x. Average forward P/E is 32x in the Electronic industry in China. Total returns to shareholders of 172% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥68.61 per share. Aankondiging • Dec 26
Raytron Technology Co.,Ltd. to Report Fiscal Year 2025 Results on Apr 10, 2026 Raytron Technology Co.,Ltd. announced that they will report fiscal year 2025 results on Apr 10, 2026 Aankondiging • Dec 17
Raytron Unveils Thermal Imaging Breakthrough to Speed Up Winter Search- And-Rescue Missions Raytron announced its WN2 Series infrared thermal imaging module and multi-platform thermal cameras designed for low-visibility conditions, such as snowstorms, freezing fog, and prolonged darkness. In winter Search-and-Rescue (SAR) missions, visibility can degrade rapidly, making it difficult to locate missing people, vehicles, or aircraft with visible-light imaging alone. Thermal imaging can help reveal heat signatures and provide first responders with additional situational awareness when visual cues are limited. Even when targets are partially obscured by snow, vegetation, or uneven terrain, Raytron's infrared thermal sensing is capable of detecting heat signatures of humans or animals quickly. At the core of this technology is the WN2 series, designed to deliver stable, precise infrared detection for rapid integration. WN2 series key advantages: With resolutions up to 640x512 and a high frame rate output with built-in non-uniformity correction (NUC) algorithm, the WN2 thermal module provides continuous high-definition thermal video. The thermal module features an ultra-compact design and low power consumption. It measures just 21x21x10.3mm, making it ideal for integration into commercial UAV payloads and handheld devices. The module supports rich digital interfaces and lens options, helping OEMs streamline system integration. Designed for OEMs and system integrators across outdoor and commercial drone applications, the WN2 series thermal module enables reliable thermal perception for thermal night vision. Integrated into commercial UAVs, handheld devices, or automated systems, it helps solution providers support low-visibility missions such as winter search and rescue. Buy Or Sell Opportunity • Dec 05
Now 24% overvalued after recent price rise Over the last 90 days, the stock has risen 17% to CN¥84.35. The fair value is estimated to be CN¥68.04, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 23% over the last 3 years. Earnings per share has grown by 26%. Revenue is forecast to grow by 47% in 2 years. Earnings are forecast to grow by 65% in the next 2 years. Price Target Changed • Dec 02
Price target increased by 9.0% to CN¥87.93 Up from CN¥80.68, the current price target is an average from 4 analysts. New target price is 13% above last closing price of CN¥77.57. Stock is up 61% over the past year. The company is forecast to post earnings per share of CN¥1.94 for next year compared to CN¥1.28 last year. Aankondiging • Nov 27
Raytron Unveils Breakthrough 24/7 Thermal Imaging for Uninterrupted Wildfire Detection Solution Raytron unveiled a series of high-performance thermal cameras, offering an around-the-clock solution for proactive fire prevention in high-risk seasons. Raytron's dual-spectrum PTZ camera is engineered for round-the-clock safety, integrating visible-light and infrared thermal technology. During the day, the visible-light camera efficiently detects smoke plumes. When light is low or darkness falls, the IR thermal camera takes over. It detects minute thermal anomalies, accurately pinpointing potential heat sources even in the early smoldering phase. Crucially, when heavy smoke trends visible-light cameras ineffective due to light scattering, the long-wave infrared (8-14um) sensor can penetrate the smoke to provide a clear image. A key advantage of Raytron's thermal solution is its ultra-high resolution (1280x512). The leap from 640x512 to 1280x1024 resolution is not just about clearer pictures; it's about tactical efficiency. At the same focal length, the field of view is quadrupled, drastically reducing the time required for full-area patrols. Furthermore, Raytron's thermal imaging camera boasts exceptional sensitivity, as it is capable of detecting temperature changes of just 1.5 pixels from a long distance, enabling preemptive warnings before the fire spreads. Raytron's LWIR thermal imaging camera delivers fast, precise, and uninterrupted monitoring across diverse geographies. For plains: The Silent-W series panoramic cameras can complete a 360deg scan every two seconds, offering an extensive monitoring range of up to 10 kilometers. For mountains, the PC5 thermal camera pushes the detection range up to 20 kilometers and supports customized patent routes, greatly boosting inspection efficiency in challenging terrain. In a public forest and grassland area in Northwest China, local forestry department deployed Raytron's dual- prospectrum high-definition PTZ and dome cameras. This integrated system created a seamless, multi-range monitoring network. Upon fire detection, the system triggers an automatic alarm, followed by immediate verification via remotely controlled commercial UAVs. This establishes a robust "Monitor-Alert-Verify" closed-loop management system. Aankondiging • Nov 26
Raytron Technology Co.,Ltd. Introduces Automotive Thermal Camera for the Next Era of Driverless Trucks Raytron Technology Co.,Ltd. has unveiled advanced infrared thermal cameras for commercial vehicles, providing robust, wide-angle, and all-weather perception for next-generation Robotrucks. Commercial vehicles frequently operate in high-risk areas like mines, construction sites, and port yards. In these settings, traditional visible light and LiDAR sensors are easily degraded by darkness, dense fog, dust, or backlighting. Thermal imaging is immune to lighting conditions and maintains stable, clear identification of critical targets--vehicles, pedestrians, and animals--by detecting their heat signature, ensuring 24/7 environmental awareness. Ultra-Wide Field of View--Eliminating dangerous Blind Spots: Due to their complex structure and massive size, commercial vehicles have dangerous sight limitations, often leading to accidents in constrained spaces. Raytron's Pilot 180P thermal camera utilizes a triple-lens thermal system with real-time image stitching to achieve an ultra-wide 180degHorizontal Field of View (HFOV). This coverage effectively monitors near-range areas on the sides and front of wide-body trucks, drastically reducingblind-spot risks during turning and reversing. Intelligent Alerting System--Enhancing Predictive Safety: Equipped with deep learning algorithms, Raytron's thermal camera accurately tracks the movement of heat sources and calculates the real-time distance of potential hazards. When a collision risk is identified, the system immediately triggers a loud audio-visual warning. Aankondiging • Nov 05
Raytron Technology Co.,Ltd.'s Non-Contact Thermal Imager Is Becoming a Game-Changer in Industrial Temperature Measurement Raytron Technology Co.,Ltd. is reshaping the landscape with its advanced thermal imaging cameras that deliver accurate temperature measurements in real time, enabling smarter predictive maintenance and enhanced operational control. Unlike traditional methods, Raytron's thermal imaging cameras detect infrared radiation emitted by objects without physical contact. This contact-free approach allows operators to conduct inspections from a safe distance, which is critical in high-risk settings such as high-voltage electrical systems, live refinery units, and hazardous chemical areas. By transforming invisible heat into clear thermal images, a handheld thermal imaging enables comprehensive scanning of large areas in seconds, significantly boosting inspection efficiency and minimizing operational risks. Raytron's infrared thermal cameras provide an extensive measurement range from -20degC to 2000degC, with accuracy maintained within +-2% or +-2degC. Through sophisticated calibration and environmental compensation algorithms, which accounts for distance, ambient conditions, and surface emissivity, this infrared thermal solution delivers reliable infrared temperature measurement even in demanding industrial environments. Raytron's thermal imagers enable continuous real-time monitoring, translating infrared radiation data into intuitive thermal images for quick anomaly detection, such as overheating components or insulation failures. Whether used for electrical inspection, industrial automation, the oil and gas industry, or waste management, thermal cameras help shift maintenance from reactive to predictive. Through point, line, and area analysis, maintenance teams gain precise insights to prevent failures before they escalate, ensuring uninterrupted operations. Buy Or Sell Opportunity • Oct 28
Now 25% overvalued after recent price rise Over the last 90 days, the stock has risen 28% to CN¥84.41. The fair value is estimated to be CN¥67.51, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 23% over the last 3 years. Earnings per share has grown by 26%. Revenue is forecast to grow by 34% in 2 years. Earnings are forecast to grow by 64% in the next 2 years. Reported Earnings • Oct 28
Third quarter 2025 earnings: EPS and revenues exceed analyst expectations Third quarter 2025 results: EPS: CN¥0.77 (up from CN¥0.60 in 3Q 2024). Revenue: CN¥1.54b (up 37% from 3Q 2024). Net income: CN¥355.8m (up 37% from 3Q 2024). Profit margin: 23% (in line with 3Q 2024). Revenue exceeded analyst estimates by 12%. Earnings per share (EPS) also surpassed analyst estimates by 18%. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Aankondiging • Sep 30
Raytron Technology Co.,Ltd. to Report Q3, 2025 Results on Oct 28, 2025 Raytron Technology Co.,Ltd. announced that they will report Q3, 2025 results on Oct 28, 2025 Aankondiging • Sep 26
Raytron Automotive Thermal Imaging Integrated by BYD to Boost Night Driving Safety in Yangwang U8L Raytron in partnership with BYD, has developed an advanced automotive infrared night vision system for the Yangwang U8L, reinforcing the vehicle's "top-tier safety" promise. All-Weather Visibility: Unlike optical sensors, Raytron's automotive thermal camera detects thermal radiation from all objects above absolute zero. This allows it to see clearly through visual obstruction, like dense fog, rain, haze and sand storms, ensuring visibility when it's needed most. Robust Glare Suppression: Raytron's night vision system features powerful anti-glare capabilities, maintaining stable imaging during sudden light changes, such as tunnel entry/exit or exposure to oncoming high beams, effectively reducing the risk of temporary driver blindness. 300m Long-Detection Detection: With an extended detection range of up to 300 meters, the automotive night vision system identifies pedestrians, animals, or obstacles far beyond the headlight range, providing critical additional reaction time, even at highway speeds. Driving at night, particularly in the rain, was always a concern due to my astigmatism, shared a BYD spokesperson at the U8L launch. The infrared night vision system in the Yangwange U8L is transformative. It doesn't just show drivers the road; it reveals what's hidden in the darkness, turning a stressful drive into a confident journey. Aankondiging • Sep 24
Raytron Technology Co., Ltd. Introduces High-Frame-Rate Automotive Thermal Cameras, Enabling Didi Autonomous Driving and Gac Aion to Conduct Groundbreaking L4 Robotaxi Tests in Sweltering Turpan Raytron Technology Co. Ltd. has introduced high-frame-rate automotive thermal cameras, enabling Didi Autonomous Driving and GAC Aion to conduct L4 robotaxi tests in sweltering Turpan. In the scorching heat of Turpan, where air temperatures soar to 50 and surface temperatures approach 80, Raytron's automotive-grade thermal imaging system demonstrates excellent all-weather perception capability. Equipped with AEC-Q100 certified infrared thermal sensors, its thermal camera operates reliably across a wide temperature range from -40 to 85, delivering continuous and accurate environmental data for autonomous driving system. Beyond extreme heat, its dual-layer encapsulation offers robust protection against sand and dustiltration. While invisible-light cameras often struggle in sandstorms, Raytron's thermal imagers cut through the haze by detecting thermal radiation, providing clear road outlines and enabling obstacle detection even in low-visibility scenarios. Raytron has also made strides in 4D millimeter-wave radar, fostering a integrated perception system that combines "infrared thermal imaging + 4D millimeter-Wave radar". Its RA223F 4D imaging radar adopts a multi-chip cascade design and FMCW+MIMO technology, enabling high-precision detection of distance, speed, azimuth, and elevation. By fusing the complementary strengths of thermal sensors (rich semantic imagery) and radar sensors (precise 3D metric measurements), Raytron's automotive cameras ensure essential, stable, and safety-critical data for vehicles and autonomous driving across all weather conditions and scenarios. Valuation Update With 7 Day Price Move • Sep 24
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥87.04, the stock trades at a forward P/E ratio of 42x. Average forward P/E is 33x in the Electronic industry in China. Total returns to shareholders of 132% over the past three years. Aankondiging • Sep 20
Raytron Technology Co.,Ltd. Unveils Next-Gen 8mm Uncooled Infrared Detectors and AI Thermal Imaging Solutions At CIOE 2025 Raytron Technology Co. Ltd. announced that as a leading innovator in infrared thermal imaging, Raytron has consistently made breakthroughs in thermal imaging technology. At CIOE 2025, Raytron unveiled its latest mass-produced 8mm uncooled infrared detectors and a portfolio of thermal imaging solutions, providing global customers with more affordable, lightweight, and efficient thermal imagers without compromising imaging performance. The evolution of thermal imaging camera has witnessed a remarkable reduction in pixel pitch, from early 25mm, to the widely adopted 12mm, and now to the cutting-edge 8mm technology. This breakthrough in pixel pitch not only lowers the cost per chip but also delivers clearer thermal images due to increased pixel density. Furthermore, thermal modules will become more compact as their corresponding optical lenses become smaller. With the launch of its full-scale 8mm uncooled thermal detectors, Raytron now offers high resolutions of 640x512, 1280x1024, and 1920x1080, demonstrating the maturity and scalability of infrared thermal imaging. Built on its thermal imaging technology, Raytron showcases a series of high-performance, reliable end-user products: Optical Gas Imaging (OGI) The Ray think RG630 handheld OGI camera, equipped with a high-resolution VOx detector and AI algorithms, enables visual, non-contact leak detection for dozens of industrial gases. Outdoor Night Vision A new handheld thermal imager offers 1280x1024 HD resolution, 15 mK NETD, and 60 Hz refresh rate for excellent dynamic tracking. Automotive Thermal Camera: Raytron's full-range of automotive-grade thermal cameras enhances perception for both passenger and commercial vehicles, improving safety in low-light conditions. Perimeter Security: Raytron's thermal security solutions include infrared panoramic cameras, multi-spectral PTZ systems and dual-spectrum imagers with AI analytics for 24/7 intelligent monitoring. Price Target Changed • Sep 01
Price target increased by 19% to CN¥75.30 Up from CN¥63.46, the current price target is an average from 4 analysts. New target price is approximately in line with last closing price of CN¥76.75. Stock is up 212% over the past year. The company is forecast to post earnings per share of CN¥1.80 for next year compared to CN¥1.28 last year. Aankondiging • Aug 28
Raytron Makes Breakthroughs in Scientific Research As research in AI, advanced materials, renewable energy, and climate research accelerates, scientists require highly sensitive, precise, stable, and cost-effective tools to explore the invisible. Infrared thermal imaging has emerged as a vital "invisible microscope", enabling researchers to visualize heat flow, distribution, and transformation in real time. Raytron, with multi-spectral sensing R&D expertise, focuses on core infrared technologies and delivers full-spectrum SWIR, MWIR, and LWIR solutions for diverse applications. In 2024, the School of Physics and Astronomy at Sun Yat-sen University developed an 80 cm infrared astronomical radio equipped with two infrared cameras covering the J-band and K-band. The J-band channel adopted Raytron's self-developed D-BLUE deep-cooled short-wave infrared (SWIR) camera, powered by a proprietary InGaAs detection (640x512, 15 mm pixel pitch). By achieving stable cryogenic operation and dark current suppression, the infrared thermal camera enabled high-sensitivity detection of extremely weak infrared signals, even under a working temperature of -50 degC. Astronomy: Raytron's SWIR detectors integrate high-sensitivity infrared sensors and multi-spectral fusion algorithms to capture faint signals from distant celestial objects, supporting studies of stellar evolution and galaxy structure. Adaptive thermal control and AI-enhanced imaging preserve data quality under extreme low-temperature conditions, making the system well suited for ground-based and future space-borne observations. Geology: High-precision thermal imaging enables dynamic surface temperature monitoring and thermal anomaly detection, supporting wildfire early warning, and geohazard monitoring. Combined with AI and multi-source data fusion, it enhances early warning systems for wildfires and geologic hazards while facilitating research on subsurface activity. Meteorology: Raytron's infrared imaging for science enables non-contact temperature monitoring and thermal environmental modeling, key to quantifying urban heat island effects. Multi-sensor synergy improves spatiotemporal resolution in microclimate analysis and disaster prediction. Aankondiging • Aug 25
Raytron Unveils High-Sensitivity Infrared Thermal Camera for Real-Time Gas Leak Detection and Industrial Safety Raytron is transforming gas leak detection with advanced thermal imaging cameras. They enable rapid scanning, high-resolution imaging, and precise localization of leaks in dozens of hazardous gases. By visualizing the invisible gas leakage, Raytron's thermal imaging technology helps protect the environment and ensures safety across industrial operations. Thermal imagers detect gas by converting infrared radiation emitted by objects into colored images. When gas leaks, it absorbs infrared radiation in specific wavelength bands, creating a distinct thermal contrast against the background. Raytron's specialized gas imaging thermal cameras capture and analyze these subtle differences, instantly revealing the type and location of leaks with excellent clarity. Compared to traditional methods, such as contact sampling and manual inspection, which are often inefficient and limited in scope, Raytron's non-contact thermal camera enables rapid, large-scale screening from a safe distance. With millisecond-level response and high sensitivity, Raytron's optical gas imaging solutions reveal leak sources in real-time, allowing maintenance personnel to take immediate action, reduce accident risks, and avoid costly downtime. Furthermore, designed for harsh and complex environments, Raytron OGI cameras are robust, maintenance-free, and built for long-term operation. Raytron offers a comprehensive portfolio of gas detection thermal imaging cores and cameras, capable of identifying methane, ammonia, ethylene, and sulfur hexafluoride. With core advantages in infrared technology and industrial-scale manufacturing, Raytron delivers reliable solutions tailored for the energy and chemical sectors. Raytron's continuous innovation supports a wide range of applications, including full-cycle natural gas safety checks, in-house LDAR programs, and third-party leak detection services, making Raytron a trusted partner in industrial safety and emissions monitoring. Whether for detecting pipeline leaks or monitoring equipment temperature, infrared thermal imaging is an invaluable tool for the industrial sector. Raytron's infrared thermal imaging aligns with global carbon neutrality goals by helping industries cut invisible emissions. Aankondiging • Aug 21
Raytron Leads the Way in Carbon Neutrality with Breakthrough Infrared Thermal Imaging Tech Raytron Technology Co. Ltd. launched high-sensitivity infrared thermal cameras to reduce costs, enhance safety and accelerate the transition to a low-carbon, sustainable future. Overloaded or failing electrical equipment is a frequent cause of unplanned outages and catastrophic incidents. Raytron's advanced infrared thermal cameras, featuring a NETD as low as 30mK and a 12mm infrared detector, deliver high-resolution thermal images that pinpoint hotspots and hidden faults. Early detection allows engineers to redesign circuits and schedule targeted repairs, avoiding abrupt shutdowns and boosting energy efficiency. In boilers, rotary kilns, or molten steel furnaces, conventional sensors fail and manual inspection is impossible. Raytron's high-temperature thermal cameras enable non-contact temperature measurement up to 1,000degC, automatically identifying early signs of lining degradation, such as thinning, cracks, bulges, andamination. By alerting operators before failures escalate, Raytron's thermal imaging solutions help prevent abrupt explosion, thereby enhancing personnel safety and reducing emissions spikes. According to global climate data, buildings are the world's second-largest source of emissions: residential structures account for 10.9% and commercial buildings for 6.6% of global CO2 output. Preventing energy leakage is therefore critical. Raytron's infrared cameras for building diagnostics can scan large building surfaces in seconds, revealing insulation gaps, rooftop failures, and air leaks in windows or doors. They also detect heat loss from damaged pipes, steam leaks, and inefficient HVAC systems. These insights enable targeted retrofitting, significantly cutting GHG emissions from both new and aging buildings. Aankondiging • Aug 16
Raytron Technology Co., Ltd. Brings Thermal Imaging to Wildlife Conservation and Habitat Protection Raytron Technology Co. Ltd. delivers a solution with high-definition outdoor thermal cameras capable of detecting heat signatures at night. Its outdoor night vision enables 24/7 ecosystem protection, supporting scientists, rangers, and environmental agencies worldwide. Thermal Imaging Provides Non-Intrusive Wildlife Observation: Equipped with a thermal monocular, conservationists can conduct long-range wildlife observation in dense forests,lands, and remote mountains, without disrupting animal behavior. Over time, thermal data reveals patterns in wildlife movement, enabling better habitat management and biodiversity conservation. When a heard of Asian elephants made an unprecedented mass migration in Yunnan Province, Raytron deployed over 40 thermal imaging units to assist local authorities. These devices tracked the elephants precisely, even through dense foliage, helping prevent human-ele Elephant conflict and providing safe route planning with accurate, real-time data. Thermal Imaging Gives a Boost to Ecological Protection: Raytron's wide-area thermal monitoring system detects fire sources from up to 20 kilometers away and issues alerts during the smoldering phase, well before visible flames appear. Wetland Monitoring: Temperature mapping from Raytron's commercial drone-mounted thermal cameras reveals pollution sources in wetlands and rivers, enabling rapid intervention by environmental agencies. Endangered Species Protection: In remote reserves, Raytron's AI-enhanced, dual-spectrum thermal systems provide uninterrupted monitoring against poaching and illegal intrusion. Along the Yangtze River, they automatically trigger alerts when unauthorized activity is detected, reinforcing sustainable ecosystem management. Aankondiging • Aug 13
Raytron Advances Night Vision Tech with Next-Gen Thermal Imaging Sensor and Module Raytron Technology Co. Ltd. is transforming this landscape with its next-generation thermal imaging cores, designed to deliver around-the-clock precise monitoring. Building on breakthroughs such as the world's first 6mm and 8mm uncooled infrared detectors and in-housewafer-level manufacturing, Raytron mass-produces thermal cores with resolutions from 256x192 to 1280x1024 and pixel pitches from 35mm to 8mm. Crucially, Raytron's AI-powered image processing, exemplified by its proprietary Matrix IV Super-Resolution Algorithm, elevates a 640x512 sensor output to near1920x1080 clarity. Raytron's high-sensitivity uncooled IR detectors and thermal cores deliver robust performance across diverse sectors: Industrial Predictive Maintenance: Detecting overheating in electrical substations, preventing battery thermal runaway in energy storage systems and detecting invisible gas leakage promptly. Automotive Night Vision: Providing reliable thermal night vision and pedestrian detection for ADAS systems through collaborations with Tier-1 automakers like Geely, BYD and GWM. Security & Perimeter Surveillance: Delivering intrusion detection for critical infrastructures with long-range thermal cameras unaffected by total darkness, glare or smoke. Outdoor Night Vision: Enabling uninterrupted monitoring in darkness for wildlife conservation, outdoor adventures, and wildfire prevention, safeguarding the ecosystem. Raytron's Super Wafer Level Packaging (SWLP) technology features dual-layer encapsulation, which provides robust dust protection and allows assembly in standard environments. This reduces OEM's dependency on costly cleanrooms and slashes overall system integration costs. Moreover, its micro thermal module series combines a compact size with low power consumption, making them ideal for drones, handheld devices, and smartphones. In addition, with multiple hardware interfaces (DVP, VOSPI, MIPI, USB) and a rich software development kit (SDK), OEMs can accelerate secondary development and algorithm optimization. Aankondiging • Jul 30
Raytron Unveils 4 Key Technologies Behind AI Thermal Cameras for 24/7 Security Monitoring Raytron has introduced a new dual-spectrum AI tracking system, fusing high-resolution thermal imaging with visible light cameras. The system delivers around-the-clock, all-terrain target acquisition under the most challenging conditions. Dual-Spectrum AI Thermal Imaging for All-Weather Monitoring: Raytron's thermal imaging acts as a "heat-sensing eye", penetrating darkness, smoke and foliage by detecting infrared heat signatures. The visible-light camera, in turn, serves as a "high definition magnifier", capturing sub-pixel details for sharp, color-rich imagery. Deep fusion via proprietary deep-learning algorithms creates a comprehensive, continuous monitoring solution that boosts tracking accuracy and reliability, even in the most complex environments. Intelligent Zoom Tracking: Raytron's proprietary AI zoom locks onto target from kilometers away while preserving fine details at closer ranges, enabling seamless focal adjustments. Smart Obstacle Penetration: Infrared thermal camera penetrates visual barriers, while visible light channel analyzes textures. Raytron's dual-channel "smart selection" algorithm locks onto targets continuously, eliminating false alarms. AI-Stabilized Imaging: Real-time stabilization algorithms compensate for vibrations from moving objects. By analyzing frame-by-frame motion, the system delivers steady imagery in turbulent scenarios. Dynamic Adaptive Tracking: When targets suddenly maneuver or change appearance, Raytron's adaptive AI algorithms update tracking parameters, preventing target loss in unpredictable scenarios. Aankondiging • Jul 10
Raytron Unveils AI-Powered Thermal Imaging Dual-Spectrum Robot: Revolutionizing Industrial and Livestock Safety Raytron unveils its AI inspection robot, combining cutting-edge infrared thermal imaging with edge AI analytics, to deliver 24/7 continuous monitoring for both industrial facilities and smart farms. In controlled environments, livestock are highly susceptible to pathogens and diseases. Manual inspections are time-consuming and can miss early warning signs. Raytron's dual-spectrum AI robot fuses visible light and thermal imaging to spot ill animals by identifying minute heat anomalies, allowing early detection, quarantine, and treatment. It even distinguishes clean eggs from contaminated ones. Moreover, integrated with LiDAR, radar and depth cameras, it supports autonomous navigation and obstacle avoidance for fully unmanned, 24/7 inspections. Aankondiging • Jun 23
Raytron Unveils New Generation of Ultra-Powered Outdoor Thermal Cameras Raytron unveils a new generation of ultra-sensitive, high-performance outdoor thermal cameras that act as a dependable night-vision tool for today's outdoor explorers. In critical search-and-rescue operations where time is paramount, conventional methods often fall in darkness, dense foliage or extreme weather. Raytron's thermal monocular rapidly scans expansive mountain and forest regions, pinpointing missing people or animals with improved accuracy compared to traditional methods. Its outdoor thermal products not only offer high sensitivity that identifies temperature differences as small as 18 mK (0.018), but also integrate AI algorithms for real-time thermal video transmission and dynamic route planning. Lightweight and compact, these devices can be helmet-mounted, making them effective even in confined spaces such as caves or ruins. For adventurers, Raytron's outdoor thermal solutions provide early warning of hidden dangers. Snow- and grass-covered crevasses are nearly invisible to the naked eye but stand out in thermal imaging, thanks to subtle temperature differentials between surface and the depth. With this advanced technology, cyclists and runners on wooded trails at night can detect warm-blooded wildlife before collisions occur. At remote campsites, portable thermal sensors monitor the surroundings, alerting campers to approaching animals or unauthorized visitors. Aankondiging • Jun 19
Raytron Microelectronics Debuts OHLE 3123 Raytron Microelectronics launched the world's first uncooled LWIR sensor OHLE 3123 featuring patented Super Wafer-Level Packaging (SWLP). Engineered for seamless integration, OHLE 3123 is set to break down technical and cost barriers, potentially enabling more companies to independently develop and manufacture core modules. The OHLE 3123 leverages Raytron's proprietary SWLP (Super Wafer-Level Packaging) innovation, a dual-layer encapsulation system that eliminates dependency on cleanroom environments. Compatible with SMT2 mounting technology, it enables rapid mass production. This innovation significantly reduces production costs while ensuring dust resistance and high yield, which is key for low-cost infrared sensor bulk purchases. Powered by a vanadium oxide (VOx) microbolometer array, the OHLE 3123 uncooled infrared focal plane array delivers a resolution of 384 x 288 with a 12 mm pixel pitch. It features a NETD of less than 40 mK and ultra-low power consumption of under 65 mW. Its innovative window design overcomes integration environment limitations. Its ultra-compact form factor, ultra-lightweight design, high-quality imaging and ease of integration position it as an ideal thermal imaging camera sensor for outdoor night vision, industrial temperature measurement, security monitoring, and automotive night vision applications. Aankondiging • Jun 12
Raytron Unveils an AI Thermal Imaging System for 24/7 Early Wildfire Prevention As early summer heatwaves sweep across the Northern Hemisphere, wildfire risk is rising sharply. Traditional manual patrols, hampered by limited visibility and slow response, often fail to detect fires in their infancy. Raytron has launched an AI-based wildfire prevention system that integrates infrared thermal imaging with intelligent early-warning algorithms. Operating 24/7, the system can identify heat buildup phases and issue alerts before visible flames, helping prevent wildfires by detecting early heat signatures. How Does Raytron Detect Wildfires Before They Ignite? Efficient Detection; Raytron's 1280×1024 high-resolution thermal detector offers four times the field of view of conventional 640×512 models, enabling wide-area surveillance across large forests and grasslands. Pixel-Level Precision; The system identifies subtle heat changes with as little as 1.5 pixels of thermal data and re-centers on hotspots automatically, detecting early-stage fires before any smoke or flame appears. Satellite-Air-Ground Network; A multi-layered array of satellite imagery, UAV-mounted thermal sensors, and ground-based panoramic radar delivers faster detection and accurate fire path forecasting. How Accurate Is Raytron's Wildfire Detection System? Accurate fire source localization is critical for rapid response. Raytron's forest fire early warning solutions integrate high-precision GIS data, device coordinates, and local topography. Enhanced by error correction algorithms, this integration achieves up to 100 meters accuracy under optimal conditions, helping speed up suppression coordination and reducing damage. How does Raytron's AI System Reduce False Alarms during Fire Monitoring? Conventional systems often trigger false alerts due to environmental interference like sunlight reflection or animal heat signatures. Raytron's AI-based wildfire detection systems first apply motion-based filtering to discard transient sources like vehicles and machinery. For stationary heat, it then uses infrared vehicle recognition, visible-light smoke detection, and fire-behavior tracking. Finally, a rule-based AI engine assesses these inputs, escalating true alerts while suppressing benign signals for more reliable, actionable detection. Aankondiging • May 29
Raytron Makes Waves at Auto Shanghai with All-Weather ADAS Safety Tech Breakthrough Raytron unveiled its multi-dimensional ADAS safety solution, integrating infrared thermal imaging with 4D millimeter-wave radar to deliver continuous, all-weather, full-scenario perception, marking a significant improvement in road safety. Dual Sensing for Unrivaled Awareness: Traditional ADAS sensors often falter when visibility drops, creating dangerous blind spots. Raytron's solution uses two complementary technologies: Thermal Penetration: High-sensitivity infrared cameras "see" through smoke, glare and darkness, reliably detecting pedestrians and obstacles up to 200 meters ahead. Spatial Precision: Cascaded 4D radar array with advanced FMCW and MIMO techniques delivers dense point clouds for precise distance, speed, elevation and angle tracking. By combining infrared's "thermal insight" with radar's "spatial acuity", Raytron delivers a synergistic perception system that's greater than the sum of its parts--ensuring ADAS can react more smartly and swiftly based on internal algorithmic models, even in extreme conditions. Actual performance may vary depending on system configuration, environment, and integration quality. From OEM to Aftermarket: Three Pillars of Deployment: OEM Integration: Raytron's automotive-grade IR modules are already in series production with leading OEMs--BYD, Geely and Great Wall--offering the industry's broad model coverage for L2 through L4 ADAS platforms. Seamless integration ensures safety redundancy without compromising design or performance. Specialized Heavy-Duty Solutions: For mining trucks, specialty vehicles and wide-body transport, Raytron's tri-lens infrared camera system switches live panoramic imagery to eliminate blind zones. It pierces darkness, haze and airborne dust, delivering clear visuals that dramatically reduce low-light operational risks. Consumer-Grade Aftermarket: Consumer-Grade Aftermarket: Raytron's compact, AI-powered camera units bring ultra-long detection ranges and intelligent alerts to private vehicles. Capable of spotting pedestrians, wildlife and obstacles--even through glare, smoke or nighttime shadow-- they offer an extra layer of collision avoidance for everyday drivers. Aankondiging • Apr 25
Raytron Technology Co.,Ltd., Annual General Meeting, May 20, 2025 Raytron Technology Co.,Ltd., Annual General Meeting, May 20, 2025, at 14:30 China Standard Time. Location: The Company's Meeting Room, Yantai, Shandong China Reported Earnings • Apr 11
Full year 2024 earnings: EPS misses analyst expectations Full year 2024 results: EPS: CN¥1.28 (up from CN¥1.11 in FY 2023). Revenue: CN¥4.32b (up 21% from FY 2023). Net income: CN¥569.0m (up 15% from FY 2023). Profit margin: 13% (in line with FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 12%. Revenue is forecast to grow 17% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 18% per year whereas the company’s share price has increased by 14% per year. Aankondiging • Mar 28
Raytron Technology Co.,Ltd. to Report Q1, 2025 Results on Apr 25, 2025 Raytron Technology Co.,Ltd. announced that they will report Q1, 2025 results on Apr 25, 2025 Valuation Update With 7 Day Price Move • Mar 07
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥62.69, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 30x in the Electronic industry in China. Total returns to shareholders of 20% over the past three years. Reported Earnings • Feb 22
Full year 2024 earnings: EPS misses analyst expectations Full year 2024 results: EPS: CN¥1.36 (up from CN¥1.11 in FY 2023). Revenue: CN¥4.32b (up 21% from FY 2023). Net income: CN¥610.1m (up 23% from FY 2023). Profit margin: 14% (in line with FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 4.5%. Revenue is forecast to grow 17% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Aankondiging • Dec 27
Raytron Technology Co.,Ltd. to Report Fiscal Year 2024 Results on Apr 11, 2025 Raytron Technology Co.,Ltd. announced that they will report fiscal year 2024 results on Apr 11, 2025 Price Target Changed • Dec 21
Price target increased by 29% to CN¥52.95 Up from CN¥41.19, the current price target is an average from 4 analysts. New target price is 9.0% above last closing price of CN¥48.60. Stock is up 6.1% over the past year. The company is forecast to post earnings per share of CN¥1.49 for next year compared to CN¥1.11 last year. Valuation Update With 7 Day Price Move • Nov 18
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥47.00, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 25x in the Electronic industry in China. Total loss to shareholders of 40% over the past three years. Reported Earnings • Oct 25
Third quarter 2024 earnings: EPS and revenues exceed analyst expectations Third quarter 2024 results: EPS: CN¥0.60 (up from CN¥0.29 in 3Q 2023). Revenue: CN¥1.13b (up 28% from 3Q 2023). Net income: CN¥259.1m (up 100% from 3Q 2023). Profit margin: 23% (up from 15% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 17%. Earnings per share (EPS) also surpassed analyst estimates by 78%. Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Oct 14
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥45.48, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 23x in the Electronic industry in China. Total loss to shareholders of 46% over the past three years. New Risk • Sep 30
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 8.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Aankondiging • Sep 30
Raytron Technology Co.,Ltd. to Report Q3, 2024 Results on Oct 25, 2024 Raytron Technology Co.,Ltd. announced that they will report Q3, 2024 results on Oct 25, 2024 Valuation Update With 7 Day Price Move • Sep 27
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to CN¥32.86, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 20x in the Electronic industry in China. Total loss to shareholders of 62% over the past three years. Major Estimate Revision • Sep 06
Consensus EPS estimates fall by 20% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥4.49b to CN¥4.12b. EPS estimate also fell from CN¥1.49 per share to CN¥1.20 per share. Net income forecast to grow 52% next year vs 52% growth forecast for Electronic industry in China. Consensus price target down from CN¥46.63 to CN¥37.95. Share price rose 6.1% to CN¥26.88 over the past week. Price Target Changed • Sep 05
Price target decreased by 20% to CN¥37.95 Down from CN¥47.28, the current price target is an average from 3 analysts. New target price is 41% above last closing price of CN¥26.84. Stock is down 46% over the past year. The company is forecast to post earnings per share of CN¥1.17 for next year compared to CN¥1.11 last year. Reported Earnings • Aug 31
Second quarter 2024 earnings: EPS and revenues miss analyst expectations Second quarter 2024 results: EPS: CN¥0.21 (down from CN¥0.39 in 2Q 2023). Revenue: CN¥1.01b (up 2.1% from 2Q 2023). Net income: CN¥95.8m (down 46% from 2Q 2023). Profit margin: 9.4% (down from 18% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 18%. Earnings per share (EPS) also missed analyst estimates by 53%. Revenue is forecast to grow 25% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 39% per year, which means it is significantly lagging earnings. Aankondiging • Jun 29
Raytron Technology Co.,Ltd. to Report First Half, 2024 Results on Aug 30, 2024 Raytron Technology Co.,Ltd. announced that they will report first half, 2024 results on Aug 30, 2024 Aankondiging • Jun 05
Raytron Technology Co.,Ltd. (SHSE:688002) announces an Equity Buyback for CNY 200 million worth of its shares. Raytron Technology Co.,Ltd. (SHSE:688002) announces a share repurchase program. Under the program, the company will repurchase up to CNY 200 million worth of its shares. The shares will be purchased at a price not exceeding CNY 50 per share. The repurchased shares will be used for employee shareholding plan or as equity incentive. The program will be funded from company's own funds. The program will be valid for 12 months. New Risk • May 29
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 8.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Price Target Changed • May 25
Price target decreased by 9.4% to CN¥47.28 Down from CN¥52.19, the current price target is an average from 2 analysts. New target price is 65% above last closing price of CN¥28.71. Stock is down 41% over the past year. The company is forecast to post earnings per share of CN¥1.53 for next year compared to CN¥1.11 last year. Reported Earnings • Apr 24
First quarter 2024 earnings: Revenues and EPS in line with analyst expectations First quarter 2024 results: EPS: CN¥0.29 (up from CN¥0.18 in 1Q 2023). Revenue: CN¥1.01b (up 28% from 1Q 2023). Net income: CN¥128.6m (up 58% from 1Q 2023). Profit margin: 13% (up from 10% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 25% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 30% per year, which means it is performing significantly worse than earnings. Aankondiging • Apr 23
Raytron Technology Co.,Ltd., Annual General Meeting, May 15, 2024 Raytron Technology Co.,Ltd., Annual General Meeting, May 15, 2024, at 14:30 China Standard Time. Location: The Company's Meeting Room, Yantai, Shandong China Price Target Changed • Apr 12
Price target decreased by 14% to CN¥52.19 Down from CN¥60.79, the current price target is an average from 3 analysts. New target price is 73% above last closing price of CN¥30.15. Stock is down 39% over the past year. The company is forecast to post earnings per share of CN¥1.55 for next year compared to CN¥1.12 last year. Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment deteriorates as stock falls 26% After last week's 26% share price decline to CN¥29.55, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 22x in the Electronic industry in China. Total loss to shareholders of 66% over the past three years. Aankondiging • Mar 29
Raytron Technology Co.,Ltd. to Report Q1, 2024 Results on Apr 23, 2024 Raytron Technology Co.,Ltd. announced that they will report Q1, 2024 results on Apr 23, 2024 Reported Earnings • Feb 24
Full year 2023 earnings released: EPS: CN¥1.12 (vs CN¥0.70 in FY 2022) Full year 2023 results: EPS: CN¥1.12 (up from CN¥0.70 in FY 2022). Revenue: CN¥3.56b (up 35% from FY 2022). Net income: CN¥500.1m (up 60% from FY 2022). Profit margin: 14% (up from 12% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 24% p.a. on average during the next 2 years, compared to a 19% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has fallen by 27% per year, which means it is performing significantly worse than earnings. Valuation Update With 7 Day Price Move • Feb 07
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to CN¥39.88, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 17x in the Electronic industry in China. Total loss to shareholders of 62% over the past three years. Aankondiging • Jan 30
Raytron to Light Up SPIE Photonics West 2024 with Infrared Tech Marvels Raytron will meet the customers at booth No.4118 of SPIE Photonics West in the Moscone Center, San Francisco from January 30 to February 1, 2024. The world's first 8µm 1920 uncooled long-wave infrared detector will make a stunning debut, and the highly praised G series thermal module and Mini and Tiny series modules will also be presented. In addition, InfiRay, a brand of Raytron, will also unveil innovative short-wave infrared detectors. At this exhibition, Raytron will present the InfiRay ASIC Uncooled Thermal Module. The G1 Thermal Module is equipped with a self-developed 12µm VOx ceramic infrared detector with a high resolution of 1280×1024. The Mini and Tiny series modules are highly praised by customers for their high performance and cost-effectiveness. In addition to the long-wave infrared products, Raytron is also exploring the short-wave infrared technology. The universal short-wave detector RTS615B_M1, liner array short-wave detector RS1012L-C, and other short-wave detectors will be unveiled at SPIE Photonics West 2024. They can provide various solutions. These innovative products can play a critical role in many industries, such as machine vision, industrial sorting, spectral imaging, semiconductor detection, and biomedical imaging. Aankondiging • Dec 29
Raytron Technology Co.,Ltd. to Report Fiscal Year 2023 Results on Apr 23, 2024 Raytron Technology Co.,Ltd. announced that they will report fiscal year 2023 results on Apr 23, 2024 Aankondiging • Nov 02
Raytron Technology Co.,Ltd. (SHSE:688002) announces an Equity Buyback for CNY 100 million worth of its shares. Raytron Technology Co.,Ltd. (SHSE:688002) announces a share repurchase program. Under the program, the company will repurchase up to its A shares for a total of CNY 100 million. The shares will be purchased at a price not exceeding CNY 60 per share. The repurchased shares will be used for the implementation of ESOP or equity incentive plan and will be transferred within three years after the announcement of the results of the share repurchase and the share changes. If the company fails to transfer the shares repurchased within three years, the un-transferred shares will be cancelled. The program will be funded from company's own funds. The program will be valid for 6 months. New Risk • Oct 26
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 29% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. This is currently the only risk that has been identified for the company. Reported Earnings • Oct 25
Third quarter 2023 earnings: EPS exceeds analyst expectations Third quarter 2023 results: EPS: CN¥0.29 (up from CN¥0.16 in 3Q 2022). Revenue: CN¥878.2m (up 41% from 3Q 2022). Net income: CN¥129.3m (up 85% from 3Q 2022). Profit margin: 15% (up from 11% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 34%. Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has fallen by 15% per year whereas the company’s share price has fallen by 19% per year. Aankondiging • Sep 30
Raytron Technology Co.,Ltd. to Report Q3, 2023 Results on Oct 24, 2023 Raytron Technology Co.,Ltd. announced that they will report Q3, 2023 results on Oct 24, 2023 New Risk • Aug 13
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 30% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. This is currently the only risk that has been identified for the company. Reported Earnings • Aug 09
Second quarter 2023 earnings: EPS and revenues exceed analyst expectations Second quarter 2023 results: EPS: CN¥0.39 (up from CN¥0.15 in 2Q 2022). Revenue: CN¥994.2m (up 55% from 2Q 2022). Net income: CN¥176.0m (up 166% from 2Q 2022). Profit margin: 18% (up from 10% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 21%. Earnings per share (EPS) also surpassed analyst estimates by 75%. Revenue is forecast to grow 25% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has fallen by 17% per year and the company’s share price has also fallen by 17% per year. Aankondiging • Jun 28
Raytron Technology Co.,Ltd. to Report First Half, 2023 Results on Aug 08, 2023 Raytron Technology Co.,Ltd. announced that they will report first half, 2023 results on Aug 08, 2023 Price Target Changed • Jun 06
Price target increased by 7.6% to CN¥59.47 Up from CN¥55.25, the current price target is an average from 3 analysts. New target price is 24% above last closing price of CN¥47.89. Stock is up 9.6% over the past year. The company is forecast to post earnings per share of CN¥1.22 for next year compared to CN¥0.70 last year. Reported Earnings • Apr 29
Full year 2022 earnings released: EPS: CN¥0.70 (vs CN¥1.04 in FY 2021) Full year 2022 results: EPS: CN¥0.70 (down from CN¥1.04 in FY 2021). Revenue: CN¥2.65b (up 49% from FY 2021). Net income: CN¥313.4m (down 32% from FY 2021). Profit margin: 12% (down from 26% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 26% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Price Target Changed • Dec 13
Price target decreased to CN¥56.49 Down from CN¥62.29, the current price target is an average from 4 analysts. New target price is 36% above last closing price of CN¥41.40. Stock is down 48% over the past year. The company is forecast to post earnings per share of CN¥0.80 for next year compared to CN¥1.04 last year. Board Change • Nov 16
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 10 experienced directors. No highly experienced directors. 3 independent directors (5 non-independent directors). Independent Director Wei Hong was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Major Estimate Revision • Nov 06
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 EPS estimate fell from CN¥1.15 to CN¥0.85. Revenue forecast unchanged from CN¥2.48b at last update. Net income forecast to grow 102% next year vs 51% growth forecast for Electronic industry in China. Consensus price target broadly unchanged at CN¥62.29. Share price rose 9.1% to CN¥46.77 over the past week. Reported Earnings • Oct 31
Third quarter 2022 earnings: EPS and revenues exceed analyst expectations Third quarter 2022 results: EPS: CN¥0.16 (down from CN¥0.23 in 3Q 2021). Revenue: CN¥623.1m (up 84% from 3Q 2021). Net income: CN¥69.9m (down 33% from 3Q 2021). Profit margin: 11% (down from 31% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 42%. Earnings per share (EPS) also surpassed analyst estimates by 45%. Revenue is forecast to grow 29% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 9% per year. Major Estimate Revision • Aug 11
Consensus revenue estimates increase by 15% The consensus outlook for revenues in 2022 has improved. 2022 revenue forecast increased from CN¥2.18b to CN¥2.50b. EPS estimate increased from CN¥1.13 to CN¥1.18 per share. Net income forecast to grow 115% next year vs 44% growth forecast for Electronic industry in China. Consensus price target up from CN¥56.66 to CN¥62.01. Share price rose 37% to CN¥53.76 over the past week. Valuation Update With 7 Day Price Move • Aug 11
Investor sentiment improved over the past week After last week's 37% share price gain to CN¥53.76, the stock trades at a forward P/E ratio of 37x. Average forward P/E is 25x in the Electronic industry in China. Total loss to shareholders of 8.5% over the past three years. Reported Earnings • Aug 05
Second quarter 2022 earnings: EPS and revenues exceed analyst expectations Second quarter 2022 results: EPS: CN¥0.15 (down from CN¥0.45 in 2Q 2021). Revenue: CN¥641.7m (up 31% from 2Q 2021). Net income: CN¥66.2m (down 67% from 2Q 2021). Profit margin: 10% (down from 41% in 2Q 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 14%. Earnings per share (EPS) also surpassed analyst estimates by 67%. Over the next year, revenue is forecast to grow 30%, compared to a 26% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Price Target Changed • Jul 01
Price target decreased to CN¥54.98 Down from CN¥66.73, the current price target is an average from 4 analysts. New target price is 42% above last closing price of CN¥38.68. Stock is down 59% over the past year. The company is forecast to post earnings per share of CN¥1.13 for next year compared to CN¥1.04 last year.