Company research
Erayak Power Solution Group Inc.
CIK 1825875Updated Sep 26, 2026
SecurityRAYA · NASDAQ · equity
RAYA price & chart
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Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 59,448,338Source | 46,033,203Source | 35,285,266Source | 37,605,200Source |
| Property, Plant and Equipment, NetUSD | 7,102,555Source | 2,157,214Source | 1,924,975Source | 1,662,155Source |
| Intangible Assets, Net (Excluding Goodwill)USD | 2,678,447Source | 61,972Source | 31,853Source | 8,814Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 436,788Source | 1,324,809Source | 5,878,434Source | — |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 13,582,352Source | 12,037,136Source | 6,253,189Source | 9,961,343Source |
| Inventory, NetUSD | 9,725,561Source | 8,836,815Source | 7,056,459Source | 6,227,456Source |
| Assets, CurrentUSD | 43,363,520Source | 33,090,337Source | 22,098,190Source | 28,235,728Source |
| Operating Lease, Right-of-Use AssetUSD | 6,032,330Source | 6,457,903Source | 7,338,505Source | 7,665,013Source |
| Other Assets, NoncurrentUSD | 0Source | 27,400,000Source | 27,400,000Source | — |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 24,182,470Source | 19,447,468Source | 15,083,178Source | 18,261,149Source |
| Commitments and ContingenciesUSD | 0Source | — | — | — |
| Stockholders’ equity: | ||||
| Additional Paid in CapitalUSD | — | — | 10,645,122Source | 10,645,122Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | -385,736Source | -1,244,996Source | -744,619Source | -383,942Source |
| Stockholders' Equity Attributable to ParentUSD | 35,265,868Source | 26,585,735Source | 20,202,087Source | 19,344,051Source |
| Additional Paid in Capital, Common StockUSD | 27,837,444Source | 18,641,264Source | 5,000,000Source | 5,000,000Source |
| Liabilities and EquityUSD | 59,448,338Source | 46,033,203Source | 35,285,266Source | 37,605,200Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 20,773,112Source | 15,534,264Source | 13,211,587Source | 18,043,626Source |
| Accounts Payable, CurrentUSD | 6,097,560Source | 8,335,266Source | 5,689,101Source | 4,729,174Source |
| Additional Financial Items | ||||
| Accounts Receivable, after Allowance for Credit LossUSD | — | 2,109,572Source | — | 9,961,343Source |
| Long-term Debt, Excluding Current MaturitiesUSD | 3,409,358Source | 3,913,204Source | 1,871,591Source | 217,523Source |
| Long-term Debt, Current MaturitiesCNY | 5,441,349Source | 1,179,047Source | 1,600,200Source | 4,349,591Source |
| Long-term Debt, Excluding Current MaturitiesUSD | 3,409,358Source | 3,913,204Source | 1,871,591Source | — |
| Partners' CapitalUSD | — | — | — | 10,192,102Source |
| Short-term InvestmentsUSD | 4,537,044Source | — | — | — |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation, Depletion and AmortizationUSD | 574,142Source | 431,921Source | 388,002Source | 269,817Source |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in Accounts ReceivableUSD | 1,515,112Source | 6,261,153Source | -3,395,976Source | 8,549,354Source |
| Increase (Decrease) in InventoriesUSD | 119,552Source | 2,297,437Source | 1,091,117Source | 2,656,056Source |
| Increase (Decrease) in Accounts PayableUSD | -2,532,280Source | 2,644,525Source | 1,085,320Source | 661,080Source |
| Deferred Income Tax Expense (Benefit)USD | 26,642Source | -70,346Source | — | — |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | -3,166,162Source | -15,876,639Source | 6,729,734Source | -4,151,135Source |
| Cash flows from investing activities: | ||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -12,374,177Source | -971,811Source | -1,378,110Source | -4,896,167Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | 5,239,108Source | 517,813Source | 684,210Source | 694,813Source |
| Cash flows from financing activities: | ||||
| Net Cash Provided by (Used in) Financing ActivitiesUSD | 14,270,604Source | 12,381,107Source | -6,437,393Source | 11,319,867Source |
| Repayments of Long-term DebtUSD | — | — | — | 1,012,044Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | -888,021Source | -4,553,625Source | -1,188,813Source | 1,892,554Source |
| Supplemental disclosure of cash flow information: | ||||
| Income Taxes Paid, NetUSD | — | — | — | -33,490Source |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 381,714Source | -86,282Source | -103,044Source | -381,011Source |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | — | — | 2,329Source | — |
| DepreciationUSD | 519,185Source | 426,275Source | 385,666Source | 22,499Source |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | — | — | — | 2,757Source |
| Gain (Loss) on Disposition of AssetsUSD | -241Source | — | — | — |
| Gain (Loss) on InvestmentsUSD | -229,170Source | — | — | — |
| Gain (Loss) on Sale of Assets and Asset Impairment ChargesUSD | 368,693Source | -295,907Source | -81,622Source | 31,668Source |
| Gain (Loss) on Extinguishment of DebtUSD | 37,807Source | — | — | — |
| General and Administrative ExpenseUSD | 4,000,311Source | 2,308,149Source | 2,017,868Source | 929,500Source |
| Income (Loss) from Equity Method InvestmentsUSD | -229,170Source | — | — | — |
| Income Tax Expense (Benefit)USD | 28,931Source | -66,338Source | 193,246Source | 437,771Source |
| InterestExpenseNonoperatingUSD | -48,040Source | 139,441Source | — | — |
| Inventory Write-downUSD | -368,693Source | 295,907Source | 81,621Source | -31,668Source |
| Net Income (Loss) Attributable to ParentUSD | -1,389,937Source | -1,115,977Source | 1,218,714Source | 3,475,961Source |
| Nonoperating Income (Expense)USD | 280,753Source | 382,733Source | 665,195Source | -154,842Source |
| Operating ExpensesUSD | 6,513,432Source | 5,557,410Source | 4,275,884Source | 2,550,220Source |
| Operating Lease, ExpenseUSD | 689,181Source | 97,071Source | 216,615Source | — |
| Other Nonoperating Income (Expense)USD | 308,038Source | 367,704Source | 872,519Source | 219,530Source |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Total RevenueUSD | 22,855,437Source | 30,300,360Source | 20,322,498Source | 26,909,025Source |
| Cost of RevenueUSD | — | — | — | 20,290,231Source |
| Operating Income (Loss)USD | -1,641,759Source | -1,565,048Source | 746,766Source | 4,068,574Source |
| Other Nonoperating Income (Expense)USD | 308,038Source | 367,704Source | 872,519Source | 219,530Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | -1,361,006Source | -1,182,315Source | 1,411,960Source | 3,913,732Source |
| Income Tax Expense (Benefit)USD | 28,931Source | -66,338Source | 193,246Source | 437,771Source |
| Net Income (Loss) Attributable to ParentUSD | -1,389,937Source | -1,115,977Source | 1,218,714Source | 3,475,961Source |
| Earnings Per Share, BasicUSD per share | -27.28Source | -0.04Source | 0.1Source | 0.38Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 50,958Source | 24,965,606Source | 12,000,000Source | 9,147,945Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 50,958Source | 24,965,606Source | 12,000,000Source | 9,147,945Source |
| Interest Expense (non-operating)USD | -48,040Source | 139,441Source | — | — |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | — | — | 2,329Source | — |
| Current Income Tax Expense (Benefit)USD | 2,289Source | 4,008Source | 193,246Source | 437,771Source |
| Depreciation, Depletion and Amortization, NonproductionUSD | — | — | — | 269,817Source |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | — | — | — | 2,757Source |
| Gain (Loss) on InvestmentsUSD | -229,170Source | — | — | — |
| General and Administrative ExpenseUSD | 4,000,311Source | 2,308,149Source | 2,017,868Source | 929,500Source |
| Gross ProfitUSD | 4,871,673Source | 3,992,362Source | 5,022,649Source | 6,618,794Source |
| Income (Loss) from Equity Method InvestmentsUSD | -229,170Source | — | — | — |
| Interest ExpenseUSD | — | — | 402,671Source | 473,088Source |
| Interest Expense, DebtUSD | — | — | — | 0Source |
| Interest Income (Expense), NetUSD | — | — | 402,671Source | 473,088Source |
| Interest Income, OtherUSD | 389,725Source | 10,719Source | 88,109Source | 26,658Source |
| Nonoperating Income (Expense)USD | 280,753Source | 382,733Source | 665,195Source | -154,842Source |
| Operating ExpensesUSD | 6,513,432Source | 5,557,410Source | 4,275,884Source | 2,550,220Source |
| Operating Lease, ExpenseUSD | 689,181Source | 97,071Source | 216,615Source | — |
| Other Cost of Operating RevenueUSD | 868,001Source | 10,713,360Source | — | — |
| Other ExpensesUSD | — | 11,118Source | — | 1,354Source |
| Other IncomeUSD | 161,700Source | 231,918Source | 1,061,274Source | 219,530Source |
| Research and Development ExpenseUSD | 1,608,311Source | 1,670,669Source | 1,176,943Source | 932,268Source |
| Selling and Marketing ExpenseUSD | 771,176Source | 946,269Source | 962,479Source | 720,120Source |
| Taxes, MiscellaneousUSD | 19,222Source | 41,604Source | — | — |