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ERAYAK Power Solution Group Inc.: 20-F filed 2023-05-15

What ERAYAK Power Solution Group Inc. reported in its annual report (foreign private issuer) filed 2023-05-15 (fiscal FY 2022): 43 published measures, 114 facts as tagged in accession 0001213900-23-039841.

This filing

Form
20-F (annual report (foreign private issuer))
Filed
2023-05-15
Fiscal period
fiscal FY 2022
Accession
0001213900-23-039841 on SEC EDGAR

Values are as tagged in this filing. A later filing can restate them; each measure links to its history page, which shows the latest-filed value per period. All ERAYAK Power Solution Group Inc. filings.

Reported measures

Total assets

Resources recognized on the balance sheet. Book assets are not the market value of the business.

PeriodValueUnitDays
At 2022-12-3137,605,200USD
At 2021-12-3123,470,453USD

Total liabilities

Recognized obligations at the reporting date. The definition and scope differ from interest-bearing debt.

PeriodValueUnitDays
At 2022-12-3118,261,149USD
At 2021-12-3116,576,131USD

Stockholders equity

The reported residual interest after liabilities. It is an accounting amount, not market capitalization.

PeriodValueUnitDays
At 2022-12-3119,344,051USD
At 2021-12-316,894,322USD
At 2020-12-313,376,377USD
At 2019-12-31969,474USD

Net income or loss

Reported profit or loss for the period. Check the filing for attribution, exceptional items and discontinued operations before comparing companies.

PeriodValueUnitDays
2022-01-01 to 2022-12-313,475,961USD365
2021-01-01 to 2021-12-313,394,649USD365
2020-01-01 to 2020-12-312,213,372USD366

Operating cash flow

Cash generated or used by operating activities. Working-capital timing can make this differ substantially from reported income.

PeriodValueUnitDays
2022-01-01 to 2022-12-31-4,151,135USD365
2021-01-01 to 2021-12-314,642,892USD365
2020-01-01 to 2020-12-31-7,926,491USD366

Capital expenditure payments

Cash payments to acquire property, plant and equipment. This taxonomy concept does not capture every form of investment or acquisition.

PeriodValueUnitDays
2022-01-01 to 2022-12-31694,813USD365
2021-01-01 to 2021-12-31244,017USD365
2020-01-01 to 2020-12-31176,649USD366

Revenue

Revenue under this specific accounting concept. A missing value is not zero; filers can use other revenue concepts.

PeriodValueUnitDays
2022-01-01 to 2022-12-3126,909,025USD365
2021-01-01 to 2021-12-3118,628,886USD365
2020-01-01 to 2020-12-3114,121,838USD366

Financing cash flow

Net cash from financing activities, including borrowing, repayments and transactions with owners. A positive amount does not establish operating profitability.

PeriodValueUnitDays
2022-01-01 to 2022-12-3111,319,867USD365
2021-01-01 to 2021-12-31-3,395,530USD365
2020-01-01 to 2020-12-3110,931,005USD366

Investing cash flow

Net cash from investing activities, including asset purchases, disposals and investment transactions. This differs from capital expenditure payments alone.

PeriodValueUnitDays
2022-01-01 to 2022-12-31-4,896,167USD365
2021-01-01 to 2021-12-31-244,172USD365
2020-01-01 to 2020-12-31-186,006USD366

Basic weighted-average shares

Time-weighted shares used for basic earnings per share. This denominator differs from shares outstanding at a single reporting date.

PeriodValueUnitDays
2022-01-01 to 2022-12-319,147,945shares365
2021-01-01 to 2021-12-311,413,918shares365
2020-01-01 to 2020-12-3110,000shares366

Diluted weighted-average shares

Weighted-average shares used for diluted earnings per share. Potential shares are included under the applicable dilution rules, not simply added to outstanding shares.

PeriodValueUnitDays
2022-01-01 to 2022-12-319,147,945shares365
2021-01-01 to 2021-12-311,413,918shares365
2020-01-01 to 2020-12-3110,000shares366

Basic earnings per share

Reported earnings or loss per basic common share or unit. Inspect attribution, share classes and restatements before comparing periods. This is not a market return.

PeriodValueUnitDays
2022-01-01 to 2022-12-310.38USD/shares365
2021-01-01 to 2021-12-312.4USD/shares365
2020-01-01 to 2020-12-31221.34USD/shares366

Income tax expense or benefit

Current and deferred income tax expense or benefit for continuing operations. This accounting expense differs from cash taxes paid.

PeriodValueUnitDays
2022-01-01 to 2022-12-31437,771USD365
2021-01-01 to 2021-12-31301,916USD365
2020-01-01 to 2020-12-31385,741USD366

Net property, plant and equipment

Carrying amount of property, plant and equipment after accumulated depreciation, depletion and amortization. It is not replacement cost or market value.

PeriodValueUnitDays
At 2022-12-311,662,155USD
At 2021-12-311,079,983USD

Operating income or loss

Operating revenue less operating expenses for the reporting period. It excludes items outside the reported operating result and is not free cash flow.

PeriodValueUnitDays
2022-01-01 to 2022-12-314,068,574USD365
2021-01-01 to 2021-12-313,485,608USD365
2020-01-01 to 2020-12-312,308,691USD366

Current assets

Assets classified as current under the normal operating cycle or one-year boundary. Not all current assets can be converted immediately into cash.

PeriodValueUnitDays
At 2022-12-3128,235,728USD
At 2021-12-3113,494,057USD

Interest expense

Borrowing costs recognized as interest expense. This is distinct from cash interest paid and may not include every capitalized borrowing cost.

PeriodValueUnitDays
2022-01-01 to 2022-12-31473,088USD365
2021-01-01 to 2021-12-31417,648USD365
2020-01-01 to 2020-12-31245,963USD366

Current liabilities

Obligations classified as current under the operating-cycle or one-year boundary. The balance includes more than short-term borrowing.

PeriodValueUnitDays
At 2022-12-3118,043,626USD
At 2021-12-3111,868,476USD

Current accounts payable

Current amounts owed to suppliers for goods and services received. This is one component of current liabilities, not all accrued obligations.

PeriodValueUnitDays
At 2022-12-314,729,174USD
At 2021-12-314,151,749USD

Net current accounts receivable

Current customer receivables after the allowance for credit loss. The balance is not cash collected or a guarantee of collection.

PeriodValueUnitDays
At 2022-12-319,961,343USD
At 2021-12-311,753,880USD

Operating expenses

Recurring operating costs under this accounting concept, generally excluding production costs included in cost of sales. Check filing presentation before combining expense subtotals.

PeriodValueUnitDays
2022-01-01 to 2022-12-312,550,220USD365
2021-01-01 to 2021-12-312,233,816USD365
2020-01-01 to 2020-12-311,490,165USD366

Net inventory

Inventory carrying amount after applicable valuation and LIFO reserves. It does not establish realizable selling proceeds or inventory turnover without other inputs.

PeriodValueUnitDays
At 2022-12-316,227,456USD
At 2021-12-313,902,067USD

Gross profit

Revenue less the costs directly attributed to the goods or services sold. It precedes other operating expenses and is not net income.

PeriodValueUnitDays
2022-01-01 to 2022-12-316,618,794USD365
2021-01-01 to 2021-12-315,719,424USD365
2020-01-01 to 2020-12-313,798,856USD366

Research and development expense

Research and development costs recognized as expense. Capitalization policies and acquired projects can make this differ from total cash invested in development.

PeriodValueUnitDays
2022-01-01 to 2022-12-31932,268USD365
2021-01-01 to 2021-12-31986,885USD365
2020-01-01 to 2020-12-31605,115USD366

Additional paid-in capital

Capital contributed above par value under this concept. It records historical contributions, not the current value of the equity or cash on hand.

PeriodValueUnitDays
At 2022-12-3110,645,122USD
At 2021-12-311,060,510USD

Accumulated other comprehensive income or loss

Cumulative other comprehensive items after tax, such as translation and unrealized hedging or securities effects. These amounts have not passed through net income.

PeriodValueUnitDays
At 2022-12-31-383,942USD
At 2021-12-31227,202USD

Operating lease right-of-use asset

Carrying amount of the right to use leased assets under operating leases. It reflects discounted remaining payments, not the value of the underlying property.

PeriodValueUnitDays
At 2022-12-317,665,013USD
At 2021-12-318,849,073USD

Long-term debt

Long-term borrowings under this concept, which can include the current portion depending on presentation. It is not total liabilities and may exclude leases and other obligations.

PeriodValueUnitDays
At 2022-12-31217,523USD
At 2021-12-314,707,655USD

Gross property, plant and equipment

Cost of property, plant and equipment before accumulated depreciation. Historical cost does not indicate current value or replacement cost.

PeriodValueUnitDays
At 2022-12-312,646,102USD
At 2021-12-311,861,576USD

Accumulated depreciation on property, plant and equipment

Cumulative depreciation, depletion and amortization recorded against property, plant and equipment. It measures cost allocation to date, not physical wear or market value.

PeriodValueUnitDays
At 2022-12-31268,346USD
At 2021-12-31215,121USD
At 2020-12-31148,194USD

Net intangible assets excluding goodwill

Intangible assets other than goodwill after amortization and impairment. Internally developed intangibles are usually not recognized, so this understates what a company relies on.

PeriodValueUnitDays
At 2022-12-318,814USD
At 2021-12-3111,093USD

Pre-tax income or loss from continuing operations

Income or loss from continuing operations before income taxes and noncontrolling interests. It excludes discontinued operations and is not net income.

PeriodValueUnitDays
2022-01-01 to 2022-12-313,913,732USD365
2021-01-01 to 2021-12-313,696,565USD365
2020-01-01 to 2020-12-312,599,113USD366

Comprehensive income or loss

Net income plus other comprehensive income after tax. It includes unrealized items that net income excludes and is not a cash measure.

PeriodValueUnitDays
2022-01-01 to 2022-12-312,864,817USD365
2021-01-01 to 2021-12-313,517,046USD365
2020-01-01 to 2020-12-312,406,903USD366

General and administrative expense

General and administrative costs reported under this concept, separate from selling expense. Filers group overhead differently, so compare presentation before comparing companies.

PeriodValueUnitDays
2022-01-01 to 2022-12-31929,500USD365
2021-01-01 to 2021-12-31690,619USD365
2020-01-01 to 2020-12-31544,629USD366

Depreciation expense

Depreciation recognized for the period under this concept. It is a noncash allocation of asset cost and may exclude amortization and depletion reported elsewhere.

PeriodValueUnitDays
2022-01-01 to 2022-12-3122,499USD365
2021-01-01 to 2021-12-3139,365USD365
2020-01-01 to 2020-12-3146,710USD366

Other nonoperating income or expense

Other income or expense outside operations under this concept. The composition is filer-specific and can include one-time items.

PeriodValueUnitDays
2022-01-01 to 2022-12-31219,530USD365
2021-01-01 to 2021-12-31512,412USD365
2020-01-01 to 2020-12-31213,965USD366

Nonoperating income or expense

Total nonoperating income or expense, which can include interest, investment results and other items. A positive value is not operating profit.

PeriodValueUnitDays
2022-01-01 to 2022-12-31-154,842USD365
2021-01-01 to 2021-12-31210,957USD365
2020-01-01 to 2020-12-31290,422USD366

Current income tax expense or benefit

Income tax expense or benefit for the period that is currently payable or refundable. It differs from cash taxes paid and from total tax expense.

PeriodValueUnitDays
2022-01-01 to 2022-12-31437,771USD365
2021-01-01 to 2021-12-31332,549USD365
2020-01-01 to 2020-12-31386,389USD366

Deferred income tax expense or benefit

The deferred portion of income tax expense or benefit, arising from timing differences. It is not tax paid in the period.

PeriodValueUnitDays
2020-01-01 to 2020-12-3130,744USD366

Income taxes paid, net

Cash income taxes paid net of refunds during the period. It differs from income tax expense and can reflect prior years and estimated payments.

PeriodValueUnitDays
2022-01-01 to 2022-12-31-33,490USD365
2021-01-01 to 2021-12-31-36,247USD365
2020-01-01 to 2020-12-31-5,116USD366

Change in accounts receivable

The cash flow adjustment for the change in receivables during the period. A positive value under this concept means receivables grew and reduced operating cash flow.

PeriodValueUnitDays
2022-01-01 to 2022-12-318,549,354USD365
2021-01-01 to 2021-12-31-3,380,552USD365
2020-01-01 to 2020-12-314,078,270USD366

Change in inventories

The cash flow adjustment for the change in inventories during the period. A positive value under this concept means inventory grew and reduced operating cash flow.

PeriodValueUnitDays
2022-01-01 to 2022-12-312,656,056USD365
2021-01-01 to 2021-12-312,200,180USD365
2020-01-01 to 2020-12-31329,435USD366

Change in accounts payable

The cash flow adjustment for the change in payables during the period. A positive value under this concept means payables grew and added to operating cash flow.

PeriodValueUnitDays
2022-01-01 to 2022-12-31661,080USD365
2021-01-01 to 2021-12-31803,611USD365
2020-01-01 to 2020-12-31274,724USD366

Inspect the source

Entity
ERAYAK Power Solution Group Inc. / CIK 0001825875
Captured
2026-09-21T17:29:41.797Z
SEC response SHA-256
76582b94b581cd0092e7b5de05c2b87927f5dc26094e4c9b1b5e5bd2140a8d74

Current SEC company facts · Download the original response snapshot (gzip) · Download the selected JSON

Every published concept a filing tagged, with the periods it covered, as reported in that filing at capture time. Forms 10-K, 10-K/A, 10-Q, 10-Q/A, 20-F, 20-F/A, 40-F, 40-F/A. A filing page needs at least 8 published concepts. Later filings can restate these values; the company history pages show the latest-filed value per period.

Public company accounting reference, not market prices, returns, an investment recommendation, or ALPHAC performance. Validate a separately constructed return series with the validation API; accounting values are not returns.

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Read the published dataset with Python
import json
from urllib.request import urlopen

with urlopen("https://canlicapital.com/company-data/0001825875.json") as response:
    record = json.load(response)
print(record["fetched_at"])
print(record["policy"])
for concept in record["concepts"]:
    print(concept["tag"], next(iter(concept["observations"])))