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An announcement from Erayak Power Solution Group Incorporation Class A ( (RAYA) ) is now available.
Erayak Power Solution Group Inc. reported a decrease in revenues by 26.78% for the six months ending June 30, 2025, compared to the same period in 2024, primarily due to market saturation and decreased demand from the US market amid trade uncertainties. Despite the revenue decline, the company achieved a 51.37% increase in gross profit, attributed to reduced raw material and labor costs, though it faced challenges with increased interest expenses due to higher borrowings. The company’s liquidity position improved with cash and cash equivalents rising significantly, and it remains confident in meeting its working capital needs for the next twelve months.
More about Erayak Power Solution Group Incorporation Class A
Erayak Power Solution Group Inc. operates in the power solutions industry, focusing on providing power generation and supply products. The company is based in China and primarily serves markets with a significant portion of its operations and revenues denominated in Renminbi.
Average Trading Volume: 160,431
Technical Sentiment Signal: Sell
Current Market Cap: $3.21M
For an in-depth examination of RAYA stock, go to TipRanks’ Overview page.