Company Analysis

Erayak Power Solution Group Inc. (RAYA)

Nasdaq: RAYA · Motors & Generators · Wenzhou, Zhejiang, CN · filing with the SEC since 2021
Grade3.6
◀ Past 4.0● Present 3.2▶ Future 3.8
2 est.

Income statement, as filed

In US dollars (USD), as filed; per-share figures in US dollars; share counts.
Income statement, by fiscal year, newest first
Fiscal yearFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Period endingDec 31, 2025Dec 31, 2024Dec 31, 2023Dec 31, 2022Dec 31, 2021Dec 31, 2020
Report filedApr 29, 2026Apr 23, 2025Apr 16, 2024May 15, 2023··
Revenue22,855,43730,300,36020,322,49826,909,02518,628,88614,121,838
For lenders
Net interest income··402,671473,088417,648245,963
Cost of revenue17,983,76426,307,99815,299,84920,290,23112,909,46210,322,982
Gross profit4,871,6733,992,3625,022,6496,618,7945,719,4243,798,856
Research and development1,608,3111,670,6691,176,943932,268986,885605,115
Sales and marketing771,176946,269962,479720,120506,305325,309
General and administrative4,000,3112,302,809r2,023,428r929,500690,619544,629
Total operating expenses6,513,4325,552,070r4,281,444r2,550,2202,233,8161,490,165
Operating income-1,641,759-1,559,708r741,205r4,068,5743,485,6082,308,691
Interest expense-48,040139,441402,671473,088417,648245,963
Interest and investment income389,72510,71988,10926,65834,04115,936
Share of profit of equity-method investments-229,170·····
Other income (expense), net308,038362,364r878,080r219,530512,412213,965
Total non-operating income (expense)280,753377,393r670,755r-154,842210,957290,422
Income before income taxes-1,361,006-1,182,3151,411,9603,913,7323,696,5652,599,113
Income tax expense28,931-66,338193,246437,771301,916385,741
Net income-1,389,937-1,115,9771,218,7143,475,9613,394,6492,213,372
Earnings per share, basic-27.28-98.34r223.43r836.00b5,280.00b486,948.00b
Weighted average shares, basic50,95811,348r5,455r4,158b643b5b
Weighted average shares, diluted50,95811,348r5,455r4,158b643b5b
As filed with the SEC, each figure from the newest report that carries it, and linked to it. Nothing here is computed.Share counts and per-share figures are on the newest report's basis, after the 1-for-2200 reverse split.A dot is a line not tagged for that period. r restated by the company in a later report; b a share figure put on the newest basis or filed in the wrong unit. Hover a figure for its filing and note.
What each line is, and the XBRL concept behind it
Revenue what customers paid for what it soldus-gaap:Revenues
Net interest income interest earned less interest paidus-gaap:InterestIncomeExpenseNet
Cost of revenue what it cost to make or buy what it soldus-gaap:CostOfRevenue
us-gaap:CostOfGoodsAndServicesSold
Gross profit revenue less the cost of what it soldus-gaap:GrossProfit
Research and development spent on inventing what it sells nextus-gaap:ResearchAndDevelopmentExpense
Sales and marketing the cost of finding and serving customersus-gaap:SellingAndMarketingExpense
General and administrative the cost of running the company itselfus-gaap:GeneralAndAdministrativeExpense
Total operating expenses the running costs togetherus-gaap:OperatingExpenses
Operating income profit from running the business, before interest and taxus-gaap:OperatingIncomeLoss
Interest expense what its borrowing costus-gaap:InterestExpenseNonoperating
us-gaap:InterestExpense
Interest and investment income what its cash and investments earnedus-gaap:InterestIncomeOther
Share of profit of equity-method investments its share of companies it partly ownsus-gaap:IncomeLossFromEquityMethodInvestments
Other income (expense), net gains and costs outside the businessus-gaap:OtherNonoperatingIncomeExpense
Total non-operating income (expense) everything outside the business, togetherus-gaap:NonoperatingIncomeExpense
Income before income taxes profit before taxus-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
Income tax expense tax charged on the period's profitus-gaap:IncomeTaxExpenseBenefit
Net income the profit or loss that belongs to the company's shareholdersus-gaap:NetIncomeLoss
Earnings per share, basic net income per share outstandingus-gaap:EarningsPerShareBasic
Weighted average shares, basic the average count of shares outstandingus-gaap:WeightedAverageNumberOfSharesOutstandingBasic
Weighted average shares, diluted the average count with every share that could be issuedus-gaap:WeightedAverageNumberOfDilutedSharesOutstanding
SI Assistanton RAYA · research, not advice