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Erayak Power Solution Group Inc., through its subsidiaries, engages in the research and development, manufacture, and wholesale and retail of power solution products in China, Australia, Poland, the United Kingdom, Germany, and internationally. The company offers sine wave and off-grid inverters, inverter and gasoline generators, battery and smart chargers, and custom-designed products. Its products are used in agricultural and industrial vehicles, recreational vehicles, electrical appliances, and outdoor living products. The company also exports its products to approximately 20 countries. The company was incorporated in 2019 and is based in Wenzhou, the People's Republic of China. Erayak Power Solution Group Inc. is a subsidiary of Erayak International Limited.
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| Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly |
| Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Income before tax | 3.91M | 3.70M | 2.60M | 1.11M |
| Net income | 3.48M | 3.39M | 2.21M | 0.95M |
| Selling general administrative | 0.94M | 0.66M | 0.71M | 0.64M |
| Selling and marketing expenses | 0.57M | 0.40M | 0.11M | 0.20M |
| Gross profit | 6.62M | 5.72M | 3.84M | 2.25M |
| Reconciled depreciation | 0.79M | 0.22M | 0.15M | 0.12M |
| Ebit | 4.07M | 3.49M | 2.36M | 0.89M |
| Ebitda | 5.18M | 4.36M | 3.03M | 1.28M |
| Depreciation and amortization | 1.11M | 0.88M | 0.67M | 0.39M |
| Operating income | 4.07M | 3.49M | 2.36M | 0.89M |
| Other operating expenses | 22.65M | 14.97M | 11.80M | 8.11M |
| Interest expense | 0.50M | 0.45M | 0.26M | 0.05M |
| Tax provision | 0.44M | 0.30M | 0.39M | 0.16M |
| Interest income | 0.03M | 0.03M | - | - |
| Net interest income | -0.48M | -0.43M | -0.26M | -0.05M |
| Income tax expense | 0.44M | 0.30M | 0.39M | 0.16M |
| Total revenue | 26.91M | 18.63M | 14.12M | 8.95M |
| Total operating expenses | 2.36M | 2.06M | 1.52M | 1.41M |
| Cost of revenue | 20.29M | 12.91M | 10.28M | 6.69M |
| Total other income expense net | -0.15M | 0.21M | 0.24M | 0.22M |
| Net income from continuing ops | 3.48M | 3.39M | 2.21M | 0.95M |
| Net income applicable to common shares | - | 3.39M | 2.21M | 0.95M |
| Breakdown | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total assets | 35.29M | 37.61M | 23.47M | 22.13M | 13.42M |
| Intangible assets | 0.03M | 0.01M | 0.01M | 0.01M | 0.00M |
| Other current assets | 2.75M | 4.75M | 2.61M | 4.57M | 0.18M |
| Total liab | 15.08M | 18.26M | 16.58M | 18.75M | 12.45M |
| Total stockholder equity | 20.20M | 19.34M | 6.89M | 3.38M | 0.97M |
| Deferred long term liab | - | - | - | - | 0.03M |
| Other current liab | 6.87M | 2.03M | 1.42M | 2.12M | 0.71M |
| Common stock | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Capital stock | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Retained earnings | 9.19M | 8.16M | 5.04M | 1.99M | -0.01M |
| Other assets | - | - | 0.04M | 0.01M | 0.03M |
| Cash | 5.88M | 7.03M | 5.17M | 0.46M | 1.01M |
| Total current liabilities | 13.21M | 18.04M | 11.87M | 17.22M | 11.02M |
| Current deferred revenue | 0.36M | 0.71M | 0.54M | 0.80M | 0.42M |
| Net debt | -3.71M | 3.76M | 5.29M | 12.16M | 7.58M |
| Short term debt | 0.30M | 10.58M | 5.76M | 11.09M | 7.15M |
| Short long term debt | 0.30M | 10.58M | 5.76M | 11.09M | 0.77M |
| Short long term debt total | 2.17M | 10.79M | 10.46M | 12.62M | 8.59M |
| Other stockholder equity | 10.65M | 10.65M | 1.06M | 1.06M | 1.06M |
| Property plant equipment | - | - | 9.93M | 10.16M | 9.68M |
| Total current assets | 22.10M | 28.24M | 13.49M | 11.95M | 3.70M |
| Net tangible assets | - | - | 6.88M | 3.36M | 0.97M |
| Net receivables | 6.42M | 10.22M | 1.81M | 5.24M | 1.26M |
| Long term debt | 1.87M | 0.22M | 4.71M | 1.53M | 1.44M |
| Inventory | 7.06M | 6.23M | 3.90M | 1.68M | 1.25M |
| Accounts payable | 5.69M | 4.73M | 4.15M | 3.21M | 2.74M |
| Accumulated other comprehensive income | 0.37M | 0.53M | 0.80M | 0.33M | -0.08M |
| Non currrent assets other | 3.86M | - | - | - | 0.03M |
| Non current assets total | 13.19M | 9.37M | 9.98M | 10.18M | 9.72M |
| Capital lease obligations | - | - | - | 0.00M | 6.38M |
| Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly |
| Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Investments | -4.90M | -0.24M | -0.19M | -0.37M |
| Change to liabilities | - | 0.53M | 0.61M | -0.80M |
| Total cashflows from investing activities | - | -0.24M | -0.19M | -0.37M |
| Net borrowings | - | -3.40M | 10.93M | 0.59M |
| Total cash from financing activities | 11.32M | -3.40M | 10.93M | 0.59M |
| Change to operating activities | - | -0.01M | -0.19M | 0.24M |
| Net income | 3.48M | 3.39M | 2.21M | 0.95M |
| Change in cash | 1.89M | 1.11M | 3.05M | 0.75M |
| Begin period cash flow | 5.17M | 4.06M | 1.01M | 0.26M |
| End period cash flow | 7.07M | 5.17M | 4.06M | 1.01M |
| Total cash from operating activities | -4.15M | 4.64M | -7.93M | 0.53M |
| Issuance of capital stock | 10.08M | - | - | - |
| Depreciation | 0.79M | 0.22M | 0.15M | 0.12M |
| Change to inventory | -2.66M | -2.20M | -0.33M | -0.43M |
| Change to account receivables | -8.55M | 3.38M | -4.08M | 0.25M |
| Other cashflows from financing activities | 9.70M | 8.07M | 11.73M | 1.85M |
| Change to netincome | - | 0.64M | -6.18M | 0.26M |
| Capital expenditures | 0.69M | 0.24M | 0.19M | 0.37M |
| Change in working capital | -8.42M | 0.40M | -4.14M | -0.77M |
| Stock based compensation | - | 0.05M | 0.02M | - |
| Other non cash items | -0.00M | 0.62M | -6.16M | 0.21M |
| Free cash flow | -4.85M | 4.40M | -8.11M | 0.16M |
Sector: Industrials Industry: Electrical Equipment & Parts
|
Stock Name
|
Change
(USD) |
Price
(USD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to Revenue (x) |
Enterprise Value
to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| RAYA Erayak Power Solution Group Inc. Class A Ordinary Shares |
-0.01 0.95% |
1.04 | 9.10 | 2.54 | 0.41 | 0.53 | 0.57 | 4.22 |
| CYATY Contemporary Amperex Technology Co., Limited |
0.82 7.71% |
11.46 | 36.64 | 32.15 | 0.91 | 7.88 | 3.67 | 16.91 |
| ABBNY ABB Ltd |
0.17 0.20% |
85.62 | 38.41 | 30.96 | 5.22 | 10.79 | 5.24 | 24.44 |
| ABLZF ABB Ltd |
-2.71 3.03% |
86.80 | 33.82 | 23.15 | 4.71 | 10.45 | 4.77 | 22.47 |
| BE Bloom Energy Corp |
-6.22 3.06% |
196.95 | 332.50 | 53.48 | 24.54 | 46.97 | 24.35 | 216.72 |
Erayak Power Solution Group Inc., through its subsidiaries, engages in the research and development, manufacture, and wholesale and retail of power solution products in China, Australia, Poland, the United Kingdom, Germany, and internationally. The company offers sine wave and off-grid inverters, inverter and gasoline generators, battery and smart chargers, and custom-designed products. Its products are used in agricultural and industrial vehicles, recreational vehicles, electrical appliances, and outdoor living products. The company also exports its products to approximately 20 countries. The company was incorporated in 2019 and is based in Wenzhou, the People's Republic of China. Erayak Power Solution Group Inc. is a subsidiary of Erayak International Limited.
| Name | Title | Year Born |
|---|---|---|
| Mr. Lingyi Kong | Chairman & CEO | 1995 |
| Ms. Lanling Gu | Chief Financial Officer | 1988 |
| Colleen A De Vries | Sr. VP | NA |
| Colleen A De Vries | Senior Vice President | NA |
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