RAY News & Events

Ching Tim Hoi, CEO and Chairman of Raytech, said: "The first half of fiscal year 2026 demonstrates our resilience and operational excellence despite challenging global trade conditions. While revenue was impacted by tariff-related market instability, we successfully improved our profitability metrics, with our net margin increasing to 12.6% from 10.8% in the prior year period. Our gross profit margin improved significantly by 5.1 percentage points to 26.3%, driven by our strategic focus on higher-margin hair styling series products within our hair styling series. We continue to maintain a robust financial position with cash and cash equivalents of HK$121.5 million, providing substantial flexibility to pursue strategic growth opportunities. We remain committed to expanding our presence in the U.S., UK, Europe, Australia and regional Asian markets."

Raytech announced that the company's board of directors approved that the authorized, issued, and outstanding shares of the company be consolidated on a 16-for-1 ratio, with the marketplace effective date of November 7. The objective of the share consolidation is to enable the company to regain compliance with Nasdaq Marketplace Rule 5550(a)(2), which pertains to the minimum bid price requirement, and maintain its listing on the Nasdaq Capital Market.

Reports FY25 revenue HKD 78.7M vs HKD 66.97M last year. Ching Tim Hoi, CEO and Chairman of Raytech, said: "Fiscal Year 2025 marked a pivotal year for Raytech. We not only sustained profitability but also strengthened our financial position. Our revenue increased by 17.6% to HK$78.7 million, which was principally driven by increased sales in our trimmer series, fueled by new customer-engaged models. We continue to demonstrate the strength of our specialized focus in personal care and lifestyle electrical appliances, where we have accumulated over 10 years of industry experience. As we transitioned to a public company during this fiscal year, we continue to maintain operational excellence. "