Erayak Power Solution Group Inc. (RAYA)

RAYA Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	0.18	0.53	5.88	7.03	5.17	0.46
Cash & Short-Term Investments	0.18	0.53	5.88	7.03	5.17	0.46
Cash Growth	-83.91%	-90.94%	-16.43%	35.90%	1023.66%	-54.49%
Accounts Receivable	13.45	13.35	6.25	9.96	1.75	5.06
Other Receivables	0.18	0.14	0.16	0.1	0.06	0.18
Receivables	13.64	13.49	6.42	10.22	1.81	5.24
Inventory	8.91	8.84	7.06	6.23	3.9	1.68
Prepaid Expenses	-	-	-	-	0.5	-
Restricted Cash	0.25	0.79	0	0.03	-	3.6
Other Current Assets	12.94	9.44	2.75	4.72	2.11	0.97
Total Current Assets	35.9	33.09	22.1	28.24	13.49	11.95
Property, Plant & Equipment	10.17	8.62	9.26	9.33	9.93	10.16
Long-Term Investments	0.42	4.16	3.86	-	-	-
Other Intangible Assets	2.6	0.06	0.03	0.01	0.01	0.01
Long-Term Deferred Tax Assets	0.1	0.1	0.03	0.03	0.04	0.01
Total Assets	49.2	46.03	35.29	37.61	23.47	22.13
Accounts Payable	5.6	8.34	5.69	4.73	4.15	10.42
Accrued Expenses	1.5	0.82	3.52	0.79	1.26	0.3
Short-Term Debt	6.57	4.57	2.35	6.62	5.91	4.89
Current Portion of Long-Term Debt	0.62	0.16	0.23	4.35	-	-
Current Income Taxes Payable	1.16	1.02	1.07	0.84	-	0.81
Current Unearned Revenue	1.3	0.63	0.36	0.71	0.54	-
Other Current Liabilities	-	-	-	-0	-	0.8
Total Current Liabilities	16.75	15.53	13.21	18.04	11.87	17.22
Long-Term Debt	6.05	3.91	1.87	0.22	4.71	1.53
Other Long-Term Liabilities	-	-	0	-	-	-
Total Liabilities	22.8	19.45	15.08	18.26	16.58	18.75
Common Stock	0.01	0.01	0	0	0	0
Additional Paid-In Capital	18.64	18.64	10.65	10.65	1.06	1.06
Retained Earnings	8.67	9.18	10.3	9.08	5.61	2.21
Comprehensive Income & Other	-0.92	-1.24	-0.74	-0.38	0.23	0.1
Shareholders' Equity	26.4	26.59	20.2	19.34	6.89	3.38
Total Liabilities & Equity	49.2	46.03	35.29	37.61	23.47	22.13
Total Debt	13.23	8.64	4.45	11.19	10.62	6.42
Net Cash (Debt)	-13.05	-8.11	1.43	-4.15	-5.45	-5.96
Net Cash Per Share	-67.10	-71.45	26.16	-99.87	-	-
Filing Date Shares Outstanding	0.23	0.23	0.05	0.05	0.04	-
Total Common Shares Outstanding	0.23	0.23	0.05	0.05	0.04	-
Working Capital	19.16	17.56	8.89	10.19	1.63	-5.27
Book Value Per Share	114.80	115.62	370.36	354.63	168.52	-
Tangible Book Value	23.8	26.52	20.17	19.34	6.88	3.36
Tangible Book Value Per Share	103.50	115.35	369.78	354.47	168.25	-
Buildings	0.88	0.75	0.5	0.5	0.29	-
Machinery	3.52	2.91	2.74	2.15	1.57	1.25
Construction In Progress	1.54	0.22	0.02	-	-	0.28

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q