Erayak Power Solution Group
Income Statement
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Income statement is a financial statement that shows how profitable a business was over a given reporting period presenting its revenue, expenses or net income. Erayak Power Solution Group's past years’ income statements indicate that its last revenue has decreased compared to the previous period by 24% to $20,322,498. Profit margin reached 6%. Total operating expenses were $4,194,261.
Profit Margin
| 2019 | 8.94M | 951.18K | 10.63% |
|---|---|---|---|
| 2020 | 14.12M | 2.21M | 15.67% |
| 2021 | 18.62M | 3.39M | 18.22% |
| 2022 | 26.90M | 3.47M | 12.92% |
| 2023 | 20.32M | 1.21M | 6% |
RAYA Income Statement (2019 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
Revenue | |||||
Revenue | 20.32M | 26.90M | 18.62M | 14.12M | 8.94M |
Cost of revenue | 15.38M | 20.29M | 12.90M | 10.27M | 6.69M |
Gross profit | 4.94M | 6.61M | 5.71M | 3.84M | 2.25M |
Operating exp. | |||||
Research and development | 1.17M | 932.26K | 986.88K | 605.11K | 508.85K |
Selling and marketing | 722.52K | 571.60K | 397.49K | 111.07K | 197.72K |
Total operating expenses | 4.19M | 2.35M | 2.06M | 1.52M | 1.41M |
Operating income | 746.76K | 4.06M | 3.48M | 2.35M | 892.67K |
Other income (expenses), net | 665.19K | -154.84K | 210.95K | 290.42K | 216.57K |
Income before tax | 1.41M | 3.91M | 3.69M | 2.59M | 1.10M |
Income tax expense | 193.24K | 437.77K | 301.91K | 385.74K | 158.06K |
Net income | 1.21M | 3.47M | 3.39M | 2.21M | 951.18K |
Earnings per share | |||||
Basic EPS | 0.1 | 0.29 | 0.28 | 0.18 | 0.07 |
Diluted EPS | 0.1 | 0.29 | 0.28 | 0.18 | 0.07 |
| Data source | Data source |