| NEWRAY GROUP CO., LIMITED | Private company limited by shares | Live |
| Hangzhou Newray Product Consulting Service Co., Limited | Private company limited by shares | Live |
| NEWRAY DESIGN LIMITED | Private company limited by shares | Dissolved |
| NEW-RAY TOYS DEVELOPMENT LIMITED | Private company limited by shares | Live |
| NEW-RAY EUROPE LIMITED | Private company limited by shares | Live Ceased dormancy on 15-Mar-2000 |
| NEWRAY GIFT LIMITED | Private company limited by shares | Live |
| NEW-RAY TOYS (H.K.) LIMITED | Private company limited by shares | Live |
| Newray Industries Limited | Private company limited by shares | Live |
| NEWRAY INDUSTRY CO., LIMITED | Private company limited by shares | Live |
| NEWRAY INTERNATIONAL LIMITED | Private company limited by shares | Dissolved |
| NEW-RAY JAPAN LIMITED | Private company limited by shares | Live |
| Newray Lifestyle Limited | | Live |
| NEW-RAY PLASTIC & METAL LIMITED | Private company limited by shares | Live |
| NEW-RAY NOVELTY LIMITED | Private company limited by shares | Live |
| NEWRAY PRODUCTIONS LIMITED | Private company limited by shares | Live |
| Newray Project Management Limited | Private company limited by shares | Live |
| NEW-RAY PROPERTY LIMITED | Private company limited by shares | Dissolved |
| NEWRAY TRADING COMPANY LIMITED | Private company limited by shares | Dissolved |
| NEW-RAY.COM LIMITED | Private company limited by shares | Dissolved |