TacticScaleWhat Raytron Technology (睿创微纳) Does & How It Makes Money (688002.SS)
Updated October 2026 · reflects Raytron Technology's latest reported financials
Chinese maker of infrared thermal imaging chips, lasers and radar components. It earns revenue by selling infrared detectors, thermal imaging modules and complete units, laser and microwave/RF components, and integrated systems and solutions to customers in China, with exports to Europe and North America.
How Raytron Technology makes money
It earns revenue by selling infrared detectors, thermal imaging modules and complete units, laser and microwave/RF components, and integrated systems and solutions to customers in China, with exports to Europe and North America.
What Raytron Technology does
Raytron Technology, founded in 2009 and based in Yantai, China, designs and manufactures application-specific integrated circuits and special chips. Its core business is infrared thermal imaging, covering the whole chain from thermal sensors and detectors to core modules and finished units. It has also expanded into microwave/RF (silicon beamforming chips, compound MMIC chips, T/R components and phased array antenna integration) and laser technology (erbium-glass lasers, eye-safe rangefinder modules, LiDAR). On top of these components, Raytron sells systems and solutions such as an airport perimeter security system, a dual-spectrum tracking system and XiaoRui, an AI agent for industrial temperature measurement. It targets security and firefighting, automotive and ADAS, medical health, satellite and space communication, consumer electronics, low-altitude operations and carbon neutrality, and exports to Europe and North America.
Products & services
- Infrared thermal sensors, detectors and core modules
- Silicon beamforming chips and compound MMIC chips
- Erbium-glass lasers and eye-safe laser rangefinders
- LiDAR products
- Airport intelligent perimeter security system
- XiaoRui AI agent for industrial temperature measurement
睿创微纳是做什么的？
睿创微纳成立于2009年，总部位于山东烟台，主要设计和制造专用集成电路和特种芯片。核心业务是红外热成像，覆盖热传感器、探测器、机芯模组到整机的完整产品线。公司还做微波射频业务（硅基波束成形芯片、化合物MMIC芯片、T/R组件和相控阵天线系统集成）和激光业务（铒玻璃激光器、人眼安全测距模块、激光雷达）。 在器件之外，公司也提供系统和解决方案，比如机场智能周界安防系统、双光谱跟踪系统，以及工业测温AI智能体“小睿”。应用领域包括安防消防、汽车与ADAS、医疗健康、卫星与空间通信、消费电子、低空经济和碳中和等，产品出口到欧洲和北美。
What is Raytron Technology worth?
On an owner-earnings DCF, Raytron Technology's most-likely value is about ¥133 versus a recent price near ¥162 (22% above fair value). But TacticScale only calls a stock undervalued when the price sits below its conservative no-growth floor (~¥33) with a margin of safety — so the honest verdict here is “Fairly priced — no edge.” Fair value earns its keep only at the extremes, not in the wide middle.
Price sits in the normal range — fair value isn't actionable here; it earns its keep only when price drops below the no-growth floor, or runs to roughly double the optimistic case.
Analysis, not advice. Fair value is a margin-of-safety estimate from a deterministic owner-earnings DCF, not a price target or recommendation. See the full breakdown →
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