RAY News & Events

Raytech announced a strategic expansion of its business focus toward providing services in relation to personal health care electronics, including product design, development, and consultations, a business development path that has been actively planned and implemented since the third quarter of its financial year ended March 31, 2026. To lead this strategic growth, the Company also announced the appointment of Mr. Haoyuan Liu as its new Chairman of the Board of Director and Executive Director, strengthening its leadership team, effective as of April 15, 2026. As disclosed in the Company's interim report on Form 6-K, the Company maintained cash and cash equivalents of HK$121.5 million - $15.6 million - as of September 30, 2025, providing financial capacity to execute this strategic direction.

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.