Raytech Holding Limited Announces Fiscal Year 2025 Financial Results and the Filing of Its Annual Report on Form 20-F
Raytech Holding Limited (NASDAQ: RAY) reported strong financial results for fiscal year 2025, with revenue increasing 17.6% to HK$78.7 million (US$10.1 million). The company maintained profitability with net income of HK$8.3 million (US$1.1 million) and a net margin of 10.5%.
The growth was primarily driven by the company's trimmer series, which saw a 48% revenue increase, and hair styling series with an 18.2% increase. Raytech significantly strengthened its balance sheet, with cash and cash equivalents rising 136.5% to HK$84.9 million (US$10.9 million). The company's net current assets improved to HK$76.9 million from HK$25.8 million in the previous year.
Raytech Holding Limited (NASDAQ: RAY) ha riportato risultati finanziari solidi per l'anno fiscale 2025, con un aumento dei ricavi del 17,6% a HK$78,7 milioni (US$10,1 milioni). L'azienda ha mantenuto la redditività con un utile netto di HK$8,3 milioni (US$1,1 milioni) e un margine netto del 10,5%.
La crescita è stata principalmente trainata dalla serie di rifinitori, che ha registrato un aumento dei ricavi del 48%, e dalla serie per lo styling dei capelli con un incremento del 18,2%. Raytech ha rafforzato significativamente il proprio bilancio, con liquidità e equivalenti di cassa in aumento del 136,5% a HK$84,9 milioni (US$10,9 milioni). Gli attivi correnti netti dell'azienda sono migliorati a HK$76,9 milioni rispetto ai HK$25,8 milioni dell'anno precedente.
Raytech Holding Limited (NASDAQ: RAY) reportó sólidos resultados financieros para el año fiscal 2025, con ingresos que aumentaron un 17,6% hasta HK$78,7 millones (US$10,1 millones). La compañía mantuvo la rentabilidad con un ingreso neto de HK$8,3 millones (US$1,1 millones) y un margen neto del 10,5%.
El crecimiento fue impulsado principalmente por la serie de recortadoras de la empresa, que experimentó un aumento de ingresos del 48%, y la serie de peinados con un incremento del 18,2%. Raytech fortaleció significativamente su balance, con efectivo y equivalentes de efectivo que aumentaron un 136,5% hasta HK$84,9 millones (US$10,9 millones). Los activos corrientes netos de la compañía mejoraron a HK$76,9 millones desde HK$25,8 millones del año anterior.
Raytech Holding Limited (NASDAQ: RAY)는 2025 회계연도에 강력한 재무 실적을 보고했으며, 매출은 17.6% 증가하여 HK$78.7백만(미화 1,010만 달러)에 달했습니다. 회사는 순이익 HK$8.3백만(미화 110만 달러)과 10.5%의 순이익률을 유지하며 수익성을 유지했습니다.
성장은 주로 트리머 시리즈에서 48% 매출 증가와 헤어 스타일링 시리즈에서 18.2% 증가에 의해 견인되었습니다. Raytech는 현금 및 현금성 자산이 136.5% 증가하여 HK$84.9백만(미화 1,090만 달러)로 크게 재무구조를 강화했습니다. 회사의 순유동자산은 전년도의 HK$25.8백만에서 HK$76.9백만으로 개선되었습니다.
Raytech Holding Limited (NASDAQ : RAY) a annoncé de solides résultats financiers pour l'exercice 2025, avec un chiffre d'affaires en hausse de 17,6 % à 78,7 millions de HK$ (10,1 millions de USD). La société a maintenu sa rentabilité avec un résultat net de 8,3 millions de HK$ (1,1 million de USD) et une marge nette de 10,5 %.
La croissance a été principalement portée par la série de tondeuses, qui a connu une augmentation du chiffre d'affaires de 48 %, et la série de coiffure avec une hausse de 18,2 %. Raytech a renforcé significativement son bilan, avec une trésorerie et des équivalents de trésorerie en hausse de 136,5 % à 84,9 millions de HK$ (10,9 millions de USD). Les actifs courants nets de la société se sont améliorés, passant de HK$25,8 millions l'année précédente à 76,9 millions de HK$.
Raytech Holding Limited (NASDAQ: RAY) meldete starke Finanzergebnisse für das Geschäftsjahr 2025, mit einem Umsatzanstieg von 17,6 % auf HK$78,7 Millionen (US$10,1 Millionen). Das Unternehmen blieb profitabel mit einem Nettoeinkommen von HK$8,3 Millionen (US$1,1 Millionen) und einer Nettomarge von 10,5 %.
Das Wachstum wurde hauptsächlich durch die Trimmer-Serie getrieben, die einen Umsatzanstieg von 48 % verzeichnete, sowie durch die Haarstyling-Serie mit einem Anstieg von 18,2 %. Raytech stärkte seine Bilanz deutlich, wobei die liquiden Mittel um 136,5 % auf HK$84,9 Millionen (US$10,9 Millionen) stiegen. Die Netto-Umlaufvermögen des Unternehmens verbesserten sich von HK$25,8 Millionen im Vorjahr auf HK$76,9 Millionen.
- Revenue growth of 17.6% year-over-year to HK$78.7 million
- Strong net margin maintained at 10.5%
- Cash position increased 136.5% to HK$84.9 million
- Trimmer series revenue grew 48% to HK$33.6 million
- Accounts receivable decreased 44.1%, indicating improved collection efficiency
- Merchandise costs as percentage of revenue improved slightly to 77.4% from 77.7%
- Revenue from eyelash curler segment declined significantly
- Sales of tooling decreased from HK$7.0 million to HK$3.0 million
- Other personal care appliances revenue decreased from HK$3.2 million to HK$2.5 million
Insights
Raytech shows robust 17.6% revenue growth with strong cash position and sustained profitability despite varying product line performance.
Raytech's fiscal 2025 results demonstrate healthy operational execution with 17.6% revenue growth to
The company's growth is driven primarily by strong performance in core product categories: hair styling (
Operational efficiency remains sound with merchandise costs slightly improving to
The
Revenue Growth of
HONG KONG, July 25, 2025 (GLOBE NEWSWIRE) -- Raytech Holding Limited (NASDAQ: RAY) (“Raytech”, “We”, “Our” or the “Company”), a Hong Kong-based company specializing in design, sourcing, and wholesale of personal care electrical appliances for international brand owners, today announced financial results for the fiscal year ended March 31, 2025, and confirmed the filing of its annual report on Form 20-F with the U.S. Securities and Exchange Commission (“SEC”).
Raytech delivered solid fiscal year 2025 results with revenue growth of
Management Commentary
Mr. 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
Financial Highlights
Key highlights for fiscal year 2025 compared to fiscal year 2024:
- Revenue increased by
17.6% to HK$78.7 million (US$10.1 million ) - Net income of HK
$8.3 million (US$1.1 million ) with a net margin of10.5% - Cash and cash equivalents increased by approximately
136.5% to HK$84.9 million (US$10.9 million ) - Net current assets strengthened to HK
$76.9 million (US$9.9 million ) in fiscal year 2025, compared with HK$25.8 million in fiscal year 2024
Financial Results
Revenue Performance:
- Hair styling series: Revenue of HK
$37.6 million in fiscal year 2025 (US$4.8 million ) compared to HK$31.8 million in fiscal year 2024, an increase of18.2% - Trimmer series: Revenue of HK
$33.6 million in fiscal year 2025 (US$4.3 million ) compared to HK$22.7 million in fiscal year 2024, an increase of48.0% - Nail care series: Revenue of HK
$1.5 million in fiscal year 2025 (US$195,954) compared to HK$1.4 million in fiscal year 2024 - Other personal care appliances: Revenue of HK
$2.5 million in fiscal year 2025 (US$326,416) compared to HK$3.2 million in fiscal year 2024 - Eyelash curler: Revenue of HK
$453,378 in fiscal year 2025 (US$58,276) compared to HK$804,863 in fiscal year 2024 - Sales of tooling: Revenue of HK
$3.0 million in fiscal year 2025 (US$381,745) compared to HK$7.0 million in fiscal year 2024
Profitability and Margins:
- Merchandise costs of HK
$60.9 million in fiscal year 2025 (US$7.8 million ) compared to HK$52.1 million in fiscal year 2024, representing77.4% of revenue in fiscal year 2025 compared to77.7% in fiscal year 2024 - Income from operations of HK
$7.6 million in fiscal year 2025 (US$983,142) with an operating margin of9.7% - Interest income increased substantially to HK
$3.2 million in fiscal year 2025 (US$406,002) , compared to HK$1.4 million in fiscal year 2024
Balance Sheet Strength:
- Cash and cash equivalents of HK
$84.9 million in fiscal year 2025 (US$10.9 million ) compared to HK$35.9 million in fiscal year 2024 - Total current assets increased to HK
$94.9 million (US$12.2 million ) in fiscal year 2025, compared to HK$52.8 million as of March 31, 2024 - Accounts receivable decreased
44.1% to HK$8.1 million (US$1.0 million ) in fiscal year 2025 from HK$14.6 million in fiscal year 2024, primarily driven by faster customer payments - Total current liabilities decreased to HK
$17.9 million (US$2.3 million ) in fiscal year 2025 compared to HK$27.0 million in fiscal year 2024 - Net current assets of HK
$76.9 million (US$9.9 million ) in fiscal year 2025compared to HK$25.8 million in fiscal year 2024
Outlook and Strategic Priorities
Our goal is to become a leading product design and development company in the personal care and lifestyle electrical appliances industry in Asia. We intend to explore new product lines, continue expanding our men's personal care and hair care product lines, and approach customers who sell and market their personal care electrical appliances in Europe, the US and other Asia markets. Our strong cash position provides the financial flexibility to pursue strategic growth opportunities while maintaining operational excellence.
About Raytech Holding Limited
Raytech Holding Limited is a Hong Kong-headquartered company with over 10 years of experience in the personal care electrical appliance industry. Through its operating subsidiary in Hong Kong, it sources and wholesales a diverse range of personal care electrical appliances ranging from hair styling, tooling, trimmer, eyelash curler, to nail care and other body and facial care appliances for international brand owners, providing integrated product design, production processing, and manufacturing solutions. For more information please visit: https://ir.raytech.com.hk/.
Forward-Looking Statement
This press release contains forward-looking statements. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as "may," "will," "intend," "should," "believe," "expect," "anticipate," "project," "estimate" or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause actual results to differ materially from the Company's expectations discussed in the forward-looking statements. These forward-looking statements are subject to uncertainties and risks including, but not limited to, the uncertainties related to market conditions, and other factors discussed in the “Risk Factors” section of the Company's annual report on Form 20-F filed on July 24, 2025 with the U.S. Securities and Exchange Commission (the “SEC”). For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company's filings with the SEC, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.
Media and Investor Relations Contact:
International Elite Capital
Annabelle Zhang
Tel: +1 (646) 866-7928
Email: annabelle@iecapitalusa.com
Consolidated Financial Information
| RAYTECH HOLDING LIMITED CONSOLIDATED BALANCE SHEETS | ||||||||||||
| As of March 31, | ||||||||||||
| 2024 | 2025 | 2025 | ||||||||||
| HKD | HKD | US$ | ||||||||||
| ASSETS | ||||||||||||
| CURRENT ASSETS | ||||||||||||
| Cash and cash equivalents | 35,885,666 | 84,850,995 | 10,906,438 | |||||||||
| Accounts receivable, net | 14,557,523 | 8,144,307 | 1,046,839 | |||||||||
| Amount due from a director | 145,166 | – | – | |||||||||
| Merchandise inventories, net | 1,855,686 | 1,879,435 | 241,576 | |||||||||
| Taxes receivables | 395,005 | – | – | |||||||||
| Prepayments | 5,000 | – | – | |||||||||
| TOTAL CURRENT ASSETS | 52,844,046 | 94,874,737 | 12,194,853 | |||||||||
| NON-CURRENT ASSETS | ||||||||||||
| Plant and equipment, net | – | – | – | |||||||||
| Deferred initial public offering costs | 5,252,768 | – | – | |||||||||
| Long-term deposits | 16,200 | 16,200 | 2,082 | |||||||||
| TOTAL NON-CURRENT ASSETS | 5,268,968 | 16,200 | 2,082 | |||||||||
| TOTAL ASSETS | 58,113,014 | 94,890,937 | 12,196,935 | |||||||||
| LIABILITIES AND SHAREHOLDERS’ EQUITY | ||||||||||||
| CURRENT LIABILITIES | ||||||||||||
| Accounts payable | 732,340 | 466,327 | 59,940 | |||||||||
| Accounts payable - related parties | 24,278,340 | 14,984,393 | 1,926,039 | |||||||||
| Accruals | 1,018,618 | 1,786,314 | 229,607 | |||||||||
| Contract liabilities | 1,008,415 | 501,804 | 64,500 | |||||||||
| Tax payables | – | 190,082 | 24,432 | |||||||||
| TOTAL CURRENT LIABILITIES | 27,037,713 | 17,928,920 | 2,304,518 | |||||||||
| TOTAL LIABILITIES | 27,037,713 | 17,928,920 | 2,304,518 | |||||||||
| COMMITMENTS AND CONTINGENCIES | – | – | – | |||||||||
| SHAREHOLDERS’ EQUITY | ||||||||||||
| Ordinary Shares, US | 783 | 862 | 110 | |||||||||
| Additional paid-in capital | 99,217 | 37,717,487 | 4,848,068 | |||||||||
| Retained earnings | 30,975,301 | 39,243,668 | 5,044,239 | |||||||||
| TOTAL SHAREHOLDERS’ EQUITY | 31,075,301 | 76,962,017 | 9,892,417 | |||||||||
| TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY | 58,113,014 | 94,890,937 | 12,196,935 | |||||||||
| (1) | 1,500,000 Ordinary Shares were issued on May 15, 2024, and 113,083 Ordinary Shares were issued on July 5, 2024. | |
The accompanying notes are an integral part of these consolidated financial statements.
| RAYTECH HOLDING LIMITED CONSOLIDATED STATEMENTS OF INCOME | ||||||||||||||||
| For the Years ended March 31, | ||||||||||||||||
| 2023 | 2024 | 2025 | 2025 | |||||||||||||
| HKD | HKD | HKD | US$ | |||||||||||||
| REVENUE | ||||||||||||||||
| Sales of products | 42,382,764 | 59,966,287 | 75,769,626 | 9,739,152 | ||||||||||||
| Sales of tooling | 3,135,475 | 7,006,014 | 2,969,938 | 381,745 | ||||||||||||
| Total revenue | 45,518,239 | 66,972,301 | 78,739,564 | 10,120,897 | ||||||||||||
| OPERATING EXPENSES | ||||||||||||||||
| Merchandise costs | (34,046,287 | ) | (52,067,436 | ) | (60,931,870 | ) | (7,831,961 | ) | ||||||||
| Selling, general and administrative expenses | (4,277,677 | ) | (3,545,369 | ) | (10,158,945 | ) | (1,305,794 | ) | ||||||||
| Total operating expenses | (38,323,964 | ) | (55,612,805 | ) | (71,090,815 | ) | (9,137,755 | ) | ||||||||
| INCOME FROM OPERATIONS | 7,194,275 | 11,359,496 | 7,648,749 | 983,142 | ||||||||||||
| OTHER INCOME (EXPENSE) | ||||||||||||||||
| Interest income | 143,352 | 1,416,354 | 3,158,654 | 406,002 | ||||||||||||
| Interest expense | (7,151 | ) | (2,028 | ) | – | – | ||||||||||
| Gain (loss) from foreign currency exchange | 143,450 | (20,846 | ) | (328,471 | ) | (42,220 | ) | |||||||||
| Other income, net | – | 818 | 45,922 | 5,902 | ||||||||||||
| Total other income, net | 279,651 | 1,394,298 | 2,876,105 | 369,684 | ||||||||||||
| INCOME BEFORE INCOME TAX PROVISION | 7,473,926 | 12,753,794 | 10,524,854 | 1,352,826 | ||||||||||||
| PROVISION FOR INCOME TAXES | (1,181,056 | ) | (2,817,000 | ) | (2,256,487 | ) | (290,040 | ) | ||||||||
| NET INCOME | 6,292,870 | 9,936,794 | 8,268,367 | 1,062,786 | ||||||||||||
| WEIGHTED AVERAGE NUMBER OF ORDINARY SHARES | ||||||||||||||||
| Basic and diluted (1) | 16,000,000 | 16,000,000 | 17,398,409 | 17,398,409 | ||||||||||||
| EARNINGS PER SHARE | ||||||||||||||||
| Basic and diluted | 0.39 | 0.62 | 0.48 | 0.06 | ||||||||||||
| (1) | 1,500,000 Ordinary Shares were issued on May 15, 2024, and 113,083 Ordinary Shares were issued on July 5, 2024. | |
The accompanying notes are an integral part of these consolidated financial statements.
| RAYTECH HOLDING LIMITED CONSOLIDATED STATEMENTS OF CASH FLOWS | ||||||||||||||||
| For the Years ended March 31, | ||||||||||||||||
| 2023 | 2024 | 2025 | 2025 | |||||||||||||
| HKD | HKD | HKD | US$ | |||||||||||||
| Cash flows from operating activities | ||||||||||||||||
| Net income | 6,292,870 | 9,936,794 | 8,268,367 | 1,062,786 | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities | ||||||||||||||||
| Depreciation of plant and equipment | 13,924 | 4,868 | – | – | ||||||||||||
| Amortization of right-of-use asset | 102,573 | 85,477 | – | – | ||||||||||||
| Gain (loss) from unrealized foreign currency translation | 178,454 | (61,043 | ) | 214,994 | 27,635 | |||||||||||
| Changes in operating assets and liabilities | ||||||||||||||||
| Accounts receivable, net | (907,711 | ) | (7,755,205 | ) | 6,335,863 | 814,389 | ||||||||||
| Merchandise inventories, net | – | (1,855,686 | ) | (26,189 | ) | (3,366 | ) | |||||||||
| Prepayments | (5,000 | ) | 90,000 | 5,000 | 643 | |||||||||||
| Long-term deposits | (5,200 | ) | 18,000 | – | – | |||||||||||
| Accounts payable | (119,019 | ) | (5,441 | ) | (262,048 | ) | (33,683 | ) | ||||||||
| Accounts payable - related parties | 4,682,655 | 15,554,384 | (9,163,121 | ) | (1,177,794 | ) | ||||||||||
| Accruals | 566,078 | 402,540 | 768,541 | 98,785 | ||||||||||||
| Contract liabilities | 1,705,854 | (697,439 | ) | (505,960 | ) | (65,035 | ) | |||||||||
| Operating lease obligation | (100,849 | ) | (87,972 | ) | – | – | ||||||||||
| Taxes payables | (1,442,797 | ) | 119,002 | 585,087 | 75,205 | |||||||||||
| Net cash generated from operating activities | 10,961,832 | 15,748,279 | 6,220,534 | 799,565 | ||||||||||||
| Cash flows from investing activity | ||||||||||||||||
| Repayment by the director | 1,444,872 | 846,860 | 145,166 | 18,659 | ||||||||||||
| Net cash generated from investing activity | 1,444,872 | 846,860 | 145,166 | 18,659 | ||||||||||||
| Cash flows from financing activity | ||||||||||||||||
| Deferred initial public offering cost | (3,176,871 | ) | (2,075,897 | ) | – | – | ||||||||||
| Proceed from Initial Public Offering of shares | – | – | 42,871,117 | 5,510,497 | ||||||||||||
| Net cash (used in) generated from financing activity | (3,176,871 | ) | (2,075,897 | ) | 42,871,117 | 5,510,497 | ||||||||||
| Change in cash | 9,229,833 | 14,519,242 | 49,236,817 | 6,328,721 | ||||||||||||
| Effect of foreign exchange on cash | (157,725 | ) | 3,844 | (271,488 | ) | (7,783 | ) | |||||||||
| Cash at the beginning of the year | 12,290,472 | 21,362,580 | 35,885,666 | 4,585,500 | ||||||||||||
| Cash at the end of the year | 21,362,580 | 35,885,666 | 84,850,995 | 10,906,438 | ||||||||||||
| Supplementary cash flow information | ||||||||||||||||
| Cash paid for income tax | 2,619,407 | 2,697,998 | 1,671,400 | 214,836 | ||||||||||||
| Cash paid for interest expense | – | – | – | – | ||||||||||||
The accompanying notes are an integral part of these consolidated financial statements.
FAQ
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