Ray Lyons stock analysis

For the sake of our stock analysis disclosure due to conspiracy, Ray Please note that the analysis of the data.

Scheduling the next ray of complicity is as follows.

District minutes	My Dragon
Announcement date	On March 24, 2016
Company IR	On March 22, 2016
Demand forecast date	On March 24, 2016 ~ March 25
Inquiries to:	-Ray Lyons (Tel: + 82-31-8015-6420) -Instead of securities, co., Ltd. (Tel: + 82-2-769-3921, 3572

#### Personal analysis, used for informational purposes only. ####

1. Ray our business areas

 

2 . Ray Lyons Financial re table

(Unit: million won)

District minutes	2015 (5)	2014 (4th term)	2013 (Third term)	2012. (2nd term)
Accounting standards	K-IFRS	K-IFRS	K-IFRS	K-IFRS
Shareholders ' equity	60018	46109	43097	24403
Total liabilities and shareholders ' equity	94080	79748	77895	48318
Sales	86609	77943	69183	47695
Operating profit	19746	11067	7121	4323
Net income	14482	3217	18434	2010
Total comprehensive income (loss)	13909	3012	18694	1948

 

3. Ray Lyons growth (electronic disclosureof business growth was replaced with the.)

Output and imports and exports to the standards (the expression about achivement report) as one of the medical device market in 2013 is the size of South Korea 4-6, 309 billion scale in contrast to 0.8% increase in 2012. The size of the domestic market 2009-2013: an average of 3.9% growth has been sustained by 2013, our medical equipment output is 4-2, in contrast to 8.9 percent of the 242 billion in 2012. From 2009 until 2013 with an annual seongjangryuldo 7.0% to keep growing, you can see the scale of production has. Is our flagship suite of diagnostic imaging equipment market with an annual growth rate of the domestic X line of equipment are expected to 3.8 percent the market itself is dramatically growing the market, but the hospital information rapidly progresses, the X line of the way traditional analog equipment market is shrinking while the digitized X line equipment market as opposed to a larger width will be expanded.

 

2011 domestic full medical equipment market is our flagship suite of diagnostic imaging equipment market market for X-ray $ 160 million of the scale, nine of the countries around the world and is located in the upper market and showed an annual growth rate of 7.9% growth in 2016 to $ 2 million is expected to grow up to the level. (Source: Medical Markets Fact Book Espicom, 2012)

[Annual domestic medical equipment market size]

(Unit: million $,%)

Item	11 years	12 years	13 years	14 years	15 years	Sixteen years	CAGR (11-16)
Computerized tomograph (CT)	89.9	101	117.9	137.2	163.8	188.6	16%
X-Ray camcorder	163.3	170	185.2	203.9	222.6	238.8	7.9%
Magnetic resonance imaging (MRI) shooting device	86.2	91.7	101.6	112.4	126.9	138.5	9.9%
Ultrasonic diagnosis machine (Ultrasound Imaging)	188.2	2009.9	224.9	256.3	284.9	314.2	10.8%
Dental X-Ray unit (Dental X-Ray)	32.5	33.7	36.8	40.8	44.1	47.3	7.8%
Imaging consumables	423.5	458.8	518.6	590	673.1	750	12.1%

Source: Worldwide Medical Market Forecasts to 2017 Espicom, Medistat