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Stocks · Technology · Motors & Generators

Erayak Power Solution Group Inc.

RAYA Clue Score28
China CIK 0001825875
$1.63 -4.68% Close, 12 Oct 2026
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Price $1.63 +83.87% Close, 12 Oct 2026

Closing prices at the end of each trading day, from 14 Dec 2022. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2020Revenue14.1Operating income2.3Net income2.2Fiscal year 2021Revenue18.6 +31.9%Operating income3.5Net income3.4 +53.4%Fiscal year 2022Revenue26.9 +44.4%Operating income4.1Net income3.5 +2.4%Fiscal year 2023Revenue20.3 −24.5%Operating income0.7Net income1.2 −64.9%Fiscal year 2024Revenue30.3 +49.1%Operating income−1.6Net income−1.1 −191.6%Fiscal year 2025Revenue22.9 −24.6%Operating income−1.6Net income−1.4
FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 14.1 18.6 26.9 20.3 30.3 22.9
Growth +31.9% +44.4% −24.5% +49.1% −24.6%
Operating income 2.3 3.5 4.1 0.7 −1.6 −1.6
Net income 2.2 3.4 3.5 1.2 −1.1 −1.4
Growth +53.4% +2.4% −64.9% −191.6%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2020Gross margin26.9%Operating margin16.3%Net margin15.7%Free cash flow margin−57.4%Fiscal year 2021Gross margin30.7%Operating margin18.7%Net margin18.2%Free cash flow margin23.6%Fiscal year 2022Gross margin24.6%Operating margin15.1%Net margin12.9%Free cash flow margin−18.0%Fiscal year 2023Gross margin24.7%Operating margin3.6%Net margin6.0%Free cash flow margin29.7%Fiscal year 2024Gross margin13.2%Operating margin−5.1%Net margin−3.7%Free cash flow margin−54.1%Fiscal year 2025Gross margin21.3%Operating margin−7.2%Net margin−6.1%Free cash flow margin−36.8%
FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin 26.9% 30.7% 24.6% 24.7% 13.2% 21.3%
Operating margin 16.3% 18.7% 15.1% 3.6% −5.1% −7.2%
Net margin 15.7% 18.2% 12.9% 6.0% −3.7% −6.1%
Free cash flow margin −57.4% 23.6% −18.0% 29.7% −54.1% −36.8%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2020Operating cash flow−7.9Capital expenditure−0.2Free cash flow−8.1Fiscal year 2021Operating cash flow4.6Capital expenditure−0.2Free cash flow4.4Fiscal year 2022Operating cash flow−4.2Capital expenditure−0.7Free cash flow−4.8 −210.2%Fiscal year 2023Operating cash flow6.7Capital expenditure−0.7Free cash flow6.0Fiscal year 2024Operating cash flow−15.9Capital expenditure−0.5Free cash flow−16.4 −371.2%Fiscal year 2025Operating cash flow−3.2Capital expenditure−5.2Free cash flow−8.4
FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow −7.9 4.6 −4.2 6.7 −15.9 −3.2
Capital expenditure −0.2 −0.2 −0.7 −0.7 −0.5 −5.2
Free cash flow −8.1 4.4 −4.8 6.0 −16.4 −8.4
Growth −210.2% −371.2%

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2020Shareholders’ equity3.4Fiscal year 2021Cash5.2Total debt4.7Net cash (debt)0.5Shareholders’ equity6.9Debt to equity0.68Fiscal year 2022Cash7.1Total debt5.8Net cash (debt)1.2Shareholders’ equity19.3Debt to equity0.30Fiscal year 2023Cash5.9Total debt13.5Net cash (debt)−7.6Shareholders’ equity20.2Debt to equity0.67Fiscal year 2024Cash1.3Total debt28.7Net cash (debt)−27.4Shareholders’ equity26.6Debt to equity1.08Fiscal year 2025Cash0.4Total debt24.6Net cash (debt)−24.2Shareholders’ equity35.3Debt to equity0.70
FY2020FY2021FY2022FY2023FY2024FY2025
Cash n/a 5.2 7.1 5.9 1.3 0.4
Total debt n/a 4.7 5.8 13.5 28.7 24.6
Net cash (debt) n/a 0.5 1.2 −7.6 −27.4 −24.2
Shareholders’ equity 3.4 6.9 19.3 20.2 26.6 35.3
Debt to equity n/a 0.68 0.30 0.67 1.08 0.70

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Margins
26.9% 30.7% 24.6% 24.7% 13.2% 21.3%
16.3% 18.7% 15.1% 3.6% −5.1% −7.2%
18.4% 19.8% 14.5% 6.9% −3.9% −6.0%
15.7% 18.2% 12.9% 6.0% −3.7% −6.1%
−57.4% 23.6% −18.0% 29.7% −54.1% −36.8%
Spending
4.3% 5.3% 3.5% 5.8% 5.5% 7.0%
3.9% 3.7% 3.5% 10.0% 7.6% 17.5%
1.3% 1.3% 2.6% 3.4% 1.7% 22.9%
14.8% 8.2% 11.2% 13.7% n/a n/a
Returns
65.6% 49.2% 18.0% 6.0% −4.2% −3.9%
n/a 14.5% 9.2% 3.5% −2.4% −2.3%
Balance and payout
n/a 0.68 0.30 0.67 1.08 0.70
n/a 70.6% 48.6% 42.7% 42.2% 40.7%