Novoray Corporation

688300 · SHG · Basic Materials / Specialty Chemicals

80.49CNY-8.82 (-9.88%)

Price History

Full chart

Market Stats

Previous Close89.31

Open90.09

Day Range80.10 – 92.00

52-Week Range52.75 – 297.31

Volume12.09M

Market Cap34.84B

P/E (TTM)114.52

Forward P/E0.00

EPS1.26

Dividend Yield0.35%

Beta1.34

50-Day Avg154.73

200-Day Avg121.71

About

Novoray Corporation, together with its subsidiaries, engages in the research, development, manufacture, and sale of functional filler and silicon micro powder products in China and internationally. The company offers crystalline silica powder, fused silica powder, soft composite silica powder, round corner crystalline silica powder, spherical silica powder, spherical aluminum oxide powder, sub-micron spherical silica powder, and acicular powder. Its products are used in electronic materials, electronics and electric appliances, electrical insulating materials, honeycomb and special ceramics, precision casting, paints and coatings, adhesives, silicon and functional rubber, plastics, high-grade building materials, frontier applications, and other applications. The company exports its products. Novoray Corporation was founded in 2002 and is headquartered in Lianyungang, China.

Company Details

SectorBasic Materials
IndustrySpecialty Chemicals
CEOMr. Xiaodong Li
Employees820
HeadquartersNo. 6, Zhujiang Road, Lianyungang, China, 222346, China
Websitehttps://www.novoray.com

Leadership

Mr. Xiaodong LiChairman & GM · b. 1975
Ms. Lin BoCFO & Board Secretary · b. 1975
Mr. Jiakai CaoDeputy GM & Director · b. 1973
Li Sheng FanAccounting Supervisor

Financials

Income Statement

Currency: CNY	2012-12-31	2013-12-31	2014-12-31	2015-12-31	2016-12-31	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Total Revenue	108.53M	120.50M	125.33M	122.36M	153.63M	210.96M	278.11M	315.30M	404.20M	624.71M	661.95M	711.68M	960.36M	1.12B
Growth (%)	-	+11.02%	+4.01%	-2.37%	+25.56%	+37.31%	+31.83%	+13.37%	+28.20%	+54.55%	+5.96%	+7.51%	+34.94%	+16.15%
Cost of Revenue	65.59M	73.66M	73.66M	71.60M	88.31M	124.00M	159.05M	169.57M	231.33M	359.60M	402.90M	432.97M	573.90M	661.94M
Gross Profit	42.95M	46.84M	51.66M	50.76M	65.32M	86.96M	119.06M	145.73M	172.87M	265.11M	259.05M	278.71M	386.46M	1.12B
Gross Margin	39.57%	38.87%	41.22%	41.48%	42.52%	41.22%	42.81%	46.22%	42.77%	42.44%	39.13%	39.16%	40.24%	100.00%
Operating Expense	27.85M	33.42M	35.00M	33.18M	36.34M	39.62M	51.17M	60.60M	48.97M	67.88M	68.85M	83.33M	101.15M	780.03M
Operating Income	15.10M	13.43M	16.67M	17.58M	28.97M	47.34M	67.89M	85.13M	123.90M	197.23M	190.20M	195.38M	285.31M	335.48M
Operating Margin	13.91%	11.14%	13.30%	14.37%	18.86%	22.44%	24.41%	27.00%	30.65%	31.57%	28.73%	27.45%	29.71%	30.07%
EBITDA	18.33M	24.52M	31.28M	30.88M	47.41M	57.59M	81.16M	100.77M	144.99M	220.82M	231.78M	249.32M	340.66M	385.19M
EBITDA Margin	16.89%	20.34%	24.96%	25.23%	30.86%	27.30%	29.18%	31.96%	35.87%	35.35%	35.01%	35.03%	35.47%	34.53%
Net Income	14.02M	14.24M	18.91M	18.22M	32.71M	42.25M	58.37M	74.69M	110.92M	172.87M	188.24M	173.99M	251.37M	292.64M
Net Income Margin	12.92%	11.82%	15.09%	14.89%	21.29%	20.03%	20.99%	23.69%	27.44%	27.67%	28.44%	24.45%	26.18%	26.23%
R&D	6.71M	-	-	-	7.13M	8.27M	10.56M	12.83M	19.78M	35.06M	38.50M	47.40M	61.80M	64.17M
R&D as % of Total Revenue	6.18%	-	-	-	4.64%	3.92%	3.80%	4.07%	4.89%	5.61%	5.82%	6.66%	6.44%	5.75%
Interest Expense	1.19M	2.73M	3.86M	2.66M	1.91M	88.53K	2.74M	1.70M	356.22K	491.31K	2.27M	2.30M	3.51M	1.45M
Interest Expense % of Total Revenue	1.10%	2.27%	3.08%	2.17%	1.24%	0.04%	0.98%	0.54%	0.09%	0.08%	0.34%	0.32%	0.37%	0.13%

Balance Sheet

Currency: CNY	2012-12-31	2013-12-31	2014-12-31	2015-12-31	2016-12-31	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Total Assets	168.79M	190.02M	177.22M	196.09M	244.18M	303.09M	413.73M	1.02B	1.09B	1.30B	1.54B	1.75B	1.97B	2.26B
Total Liabilities	45.78M	112.77M	81.05M	72.76M	81.45M	110.11M	94.19M	127.58M	128.62M	211.19M	307.59M	407.26M	464.29M	-1.63B
Total Equity	123.02M	77.26M	96.16M	123.33M	162.73M	192.98M	319.55M	896.15M	963.95M	1.09B	1.23B	1.35B	1.51B	1.63B
Cash	14.63M	31.71M	16.45M	15.64M	34.87M	20.12M	87.13M	447.55M	144.34M	124.93M	106.48M	189.39M	319.54M	132.36M
Total Debt	15.00M	70.00M	44.00M	35.00M	33.95M	56.80M	27.80M	24.84M	19.25M	715.59K	30.92M	115.89M	120.94M	-
Net Debt	367.36K	38.29M	27.55M	19.36M	-916.73K	36.68M	-59.33M	-422.71M	-125.09M	-124.22M	-75.57M	-73.50M	-198.60M	9.64M

Cash Flow

Currency: CNY	2012-12-31	2013-12-31	2014-12-31	2015-12-31	2016-12-31	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Operating Cash Flow	16.16M	27.80M	17.33M	7.42M	23.17M	6.50M	55.69M	80.58M	89.69M	153.42M	240.68M	246.95M	254.71M	255.48M
Investing Cash Flow	-30.96M	-6.38M	-2.60M	-7.93M	-7.71M	-26.26M	-25.21M	-219.61M	-312.71M	-125.71M	-208.61M	-196.98M	-51.69M	-
Financing Cash Flow	-6.45M	-4.81M	-30.00M	-613.55K	1.60M	8.22M	27.08M	490.55M	-67.57M	-42.99M	-54.99M	29.04M	-88.82M	-
Capital Expenditure	30.96M	6.58M	2.60M	8.00M	7.75M	26.30M	25.28M	60.34M	124.13M	207.97M	154.82M	53.02M	89.58M	98.32M
Free Cash Flow	-14.80M	21.21M	14.74M	-575.88K	15.42M	-19.81M	30.40M	20.23M	-34.45M	-54.55M	85.86M	193.93M	165.13M	157.16M
Dividends Paid	1.45M	59.08M	7.01M	5.64M	5.03M	14.07M	14.63M	15.48M	42.99M	42.99M	52.27M	57.16M	94.99M	92.98M
FCF to OCF	-91.54%	76.31%	85.01%	-7.76%	66.53%	-304.86%	54.60%	25.11%	-38.41%	-35.55%	35.67%	78.53%	64.83%	61.52%
Dividend Paid to FCF	-9.82%	278.53%	47.54%	-978.94%	32.66%	-71.06%	48.12%	76.49%	-124.79%	-78.81%	60.88%	29.47%	57.53%	59.16%

Earnings

Report Date	May 30, 2019	Oct 30, 2019	Feb 28, 2020	Apr 28, 2020	Aug 10, 2020	Oct 21, 2020	Apr 20, 2021	Aug 15, 2021	Oct 26, 2021	Feb 28, 2022	Apr 25, 2022	Aug 25, 2022	Oct 26, 2022	Mar 30, 2023	Apr 28, 2023
EPS Estimate	0.00	0.00	-	-	-	-	-	-	-	-	-	-	-	-	-
EPS Actual	0.22	0.24	0.30	0.21	0.29	0.33	0.32	0.34	0.40	0.35	0.34	0.40	0.31	0.46	0.46
Surprise	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Timing	After-hours	After-hours	-	After-hours	Pre-market	After-hours	Pre-market	After-hours	Pre-market	After-hours	Pre-market	After-hours	Pre-market	Pre-market	After-hours

Key Statistics & Ratios

Market Cap34.84B

Enterprise Value43.85B

Trailing P/E114.52

Forward P/E0.00

Price / Sales28.43

Price / Book24.75

EPS1.26

Book Value7.40

Revenue (TTM)1.23B

Gross Profit (TTM)478.47M

EBITDA390.10M

Profit Margin24.72%

Operating Margin24.30%

Return on Equity18.16%

Return on Assets8.30%

Shares Outstanding241.47M

Shares Float86.69M

Beta1.34

Dividend Yield0.35%

Dividend Rate0.50

Payout Ratio40.00%

Dividends

20231×

0.46Jun 15, 2023

20221×

0.28May 20, 2022

20211×

0.23Jun 24, 2021

20201×

0.23Jun 24, 2020

Stock Splits

Jun 15, 2023149:100
Nov 8, 202229:20