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Issue 000 | U.S. Pilot | US
RAYA
Erayak Power Solution Group Inc.
Passing
Verified
20-F | 2026-04-29
Filing currency: USD
Margin of Safety
99.3%
GNNI internal calculation. Market context inputs are retained internally and are not displayed.
- Current Assets
- 43,363,520USD
- Total Liabilities
- 24,182,470USD
- NCAV
- 19,181,050USD
- Cash
- 436,788USD
- NCAV per share
- 0.26USD/share
- Evidence
- 4 annual | 7 quarterly
Business Profile
Checklist-driven facts extracted from filing text. Missing fields stay visible.
Known Unknowns
Only 7 quarterly periods available from Data Vault for this company.
Medium | Share Count
Issue 000 does not yet evaluate share count trend or post-filing dilution beyond Mary's screening flags.
Low | Classification
U.S. Pilot rows are surfaced for source inspection and may still need manual business classification review.
Annual Financials
Latest annual periods, newest first. Missing cells render as n/a.
| Metric |
2025-12-31
20-F
USD
|
2024-12-31
20-F
USD
|
2023-12-31
20-F
USD
|
2022-12-31
20-F
USD
|
|---|---|---|---|---|
| Revenue | 22,855,437 | 30,300,360 | 20,322,498 | 26,909,025 |
| Operating Income | -1,641,759 | -1,565,048 | 746,766 | 4,068,574 |
| Net Income | -1,389,937 | -1,115,977 | 1,218,714 | 3,475,961 |
| Cash From Operations | -3,166,162 | -15,876,639 | 6,729,734 | -4,151,135 |
| Capex | -5,239,108 | -517,813 | -684,210 | -694,813 |
| Free Cash Flow | -8,405,270 | -16,394,452 | 6,045,524 | -4,845,948 |
| Cash And Equivalents | 436,788 | 1,324,809 | 5,878,434 | 7,067,247 |
| Accounts Receivable | 13,582,352 | 12,037,136 | 6,253,189 | 9,961,343 |
| Inventory | 9,725,561 | 8,836,815 | 7,056,459 | 6,227,456 |
| Total Current Assets | 43,363,520 | 33,090,337 | 22,098,190 | 28,235,728 |
| Total Assets | 59,448,338 | 46,033,203 | 35,285,266 | 37,605,200 |
| Total Current Liabilities | 20,773,112 | 15,534,264 | 13,211,587 | 18,043,626 |
| Total Liabilities | 24,182,470 | 19,447,468 | 15,083,178 | 18,261,149 |
| Shareholders Equity | 35,265,868 | 26,585,735 | 20,202,087 | 19,344,051 |
| Shares Outstanding | n/a | n/a | n/a | n/a |
| Shares Outstanding Diluted | n/a | n/a | n/a | n/a |
| Weighted Avg Shares Diluted | 50,958 | 24,965,606 | 12,000,000 | 9,147,945 |
| Weighted Avg Shares Basic | 50,958 | 24,965,606 | 12,000,000 | 9,147,945 |
Quarterly Financials
Latest quarterly periods, newest first. Periods are shown only when Data Vault has them.
Only 7 quarterly periods available from Data Vault for this company.
| Metric |
2025-06-30
6-K
USD
|
2024-12-31
6-K
USD
|
2024-06-30
6-K
USD
|
2023-12-31
6-K
USD
|
2023-06-30
6-K
USD
|
2022-12-31
6-K
USD
|
2022-06-30
6-K
USD
|
|---|---|---|---|---|---|---|---|
| Revenue | 8,744,869 | 30,300,360 | 11,943,904 | 20,322,498 | 9,449,817 | 26,909,025 | 11,478,147 |
| Operating Income | -631,468 | -1,565,048 | -1,288,315 | 746,766 | 660,208 | 4,068,574 | 2,624,490 |
| Net Income | -516,655 | -1,115,977 | -1,058,540 | 1,218,714 | 475,172 | 3,475,961 | 2,190,661 |
| Cash From Operations | -782,378 | -15,876,639 | -12,859,999 | 6,729,734 | 5,454,714 | -4,151,135 | 1,213,524 |
| Capex | -1,963,158 | -517,813 | -601,845 | -684,210 | -389,532 | -694,813 | n/a |
| Free Cash Flow | -2,745,536 | -16,394,452 | -13,461,844 | 6,045,524 | 5,065,182 | -4,845,948 | n/a |
| Cash And Equivalents | 422,375 | 1,324,809 | 1,100,687 | 5,878,434 | 5,773,428 | 7,067,247 | n/a |
| Total Current Assets | 35,904,058 | 33,090,337 | 29,418,474 | 22,098,190 | 22,091,502 | 28,235,728 | n/a |
| Total Liabilities | 22,797,047 | 19,447,468 | 15,740,313 | 15,083,178 | 15,600,403 | 18,261,149 | n/a |
| Shares Outstanding | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
| Shares Outstanding Diluted | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
| Weighted Avg Shares Diluted | 50,588,235 | 24,965,606 | 14,923,923 | 12,000,000 | 12,000,000 | 9,147,945 | 9,000,000 |
| Weighted Avg Shares Basic | 50,588,235 | 24,965,606 | 14,923,923 | 12,000,000 | 12,000,000 | 9,147,945 | 9,000,000 |
Audit Trail
NCAV Audit
Official-source inputs remain linked to filing provenance. Derived values are labeled as such.
| Input | Value | Source concept | Filing period | Confidence | Provenance |
|---|---|---|---|---|---|
| Current Assets | 35,904,058USD | us-gaap:AssetsCurrent | 2025-06-30 | 1.00 |
sec/companyfacts/cik=0001825875/companyfacts.json D:\Projects\The Data Vault\objects\sec\companyfacts\cik=0001825875\companyfacts.json |
| Total Liabilities | 22,797,047USD | us-gaap:Liabilities | 2025-06-30 | 1.00 |
sec/companyfacts/cik=0001825875/companyfacts.json D:\Projects\The Data Vault\objects\sec\companyfacts\cik=0001825875\companyfacts.json |
| Cash | 422,375USD | us-gaap:CashAndCashEquivalentsAtCarryingValue | 2025-06-30 | 1.00 |
sec/companyfacts/cik=0001825875/companyfacts.json D:\Projects\The Data Vault\objects\sec\companyfacts\cik=0001825875\companyfacts.json |
| Shares Outstanding | 50,588,235 | us-gaap:WeightedAverageNumberOfDilutedSharesOutstanding | 2025-06-30 | 1.00 |
sec/companyfacts/cik=0001825875/companyfacts.json D:\Projects\The Data Vault\objects\sec\companyfacts\cik=0001825875\companyfacts.json |
| NCAV | 13,107,011USD | derived | 2025-06-30 | n/a | company-evidence-v1 | total_current_assets - total_liabilities |
| NCAV per share | 0.26USD | derived | 2025-06-30 | n/a | company-evidence-v1 | NCAV / shares_outstanding |
| Margin of Safety | 99.3% | derived | 2025-06-30 | n/a | gnni_publication_pack | internal_discount |
NCAV = total_current_assets - total_liabilities | NCAV per share = NCAV / weighted_avg_shares_diluted
Source Provenance
- Data Source
- Data Vault
- Data Vault Root
- D:\Projects\The Data Vault
- CIK
- 0001825875
- Company ID
- n/a
- Selected Annual Source
- D:\Projects\The Data Vault\objects\sec\companyfacts\cik=0001825875\companyfacts.json
- Selected Quarterly Source
- D:\Projects\The Data Vault\objects\sec\companyfacts\cik=0001825875\companyfacts.json
- Statement Extractor
- companyfacts-screener-v1
- View Extractor
- companyfacts-screener-v1
- Source Accession Count
- 7
- Imported At
- 2026-07-04T23:04:37+00:00
- Rendered At
- 2026-07-05T09:06:29+00:00
Run Audit
- Mary Run
- 1ec055d81d1a42a39490a83bb9e1f22f
- Mary As Of
- 2026-07-03
- Accession
- 0001185185-26-001594
- CIK
- 0001825875
- Mary Filing Date
- 2026-04-29
- Filing Currency
- USD
- Internal Discount
- 99.3%
- Source State
- Verified
- Market Context
- Not Displayed
- Market Policy
- internal_only_not_redistributed
- Share Trend
- Not Evaluated
- Dilution
- Needs Review
mary_run=1ec055d81d1a42a39490a83bb9e1f22f; mary_as_of=2026-07-03; mary_filing_date=2026-04-29; mary_accession=0001185185-26-001594; mary_cik=0001825875; gnni_supporting_filing_date=2026-04-29; internal_discount=0.992588; mary_reason=Mary's deterministic net-net screen flagged this candidate. The internal discount is shown; raw market-data fields are not published in this pilot.