WENZHOU, China, Jan. 23, 2026 /PRNewswire/ -- Erayak Power Solution Group Inc. (Nasdaq: RAYA) ("Erayak" or the "Company"), a manufacturer, designer, and exporter of power solution products, today provided a business update regarding recent market demand trends in the United States. Over the past several days, severe winter storm conditions across parts of the U.S. East Coast have coincided with a sharp increase in customer demand for Erayak's portable quiet inverter generators. Beginning around January 20, ...

Core Insights - PainReform Ltd. announced a name change and is expanding into diversified healthcare and AI-driven energy platforms, resulting in a 27.4% increase in share price to $1.02 in pre-market trading [1] Gainers - Acco Group Holdings Limited saw a significant gain of 219.4%, reaching $9.40 in pre-market trading [4] - Venus Concept Inc. increased by 72.2% to $2.48 [4] - Jaguar Health, Inc. rose 41.3% to $1.08 following a licensing agreement with Woodward Specialty [4] - ImmunityBio, Inc. gained 22.8% to $4.85, with preliminary net product revenue for Anktiva projected at approximately $113 million for fiscal 2025, marking a 700% year-over-year increase [4] - OneMedNet Corporation rose 14.2% to $0.9711 after a previous decline [4] - Brand Engagement Network, Inc. increased by 13.8% to $6.50 [4] - Springview Holdings Ltd rose 13.4% to $19.75 after a substantial 657% increase on Thursday [4] - Creative Global Technology Holdings Limited gained 10.7% to $4.22 after a 52% jump on Thursday [4] - Kopin Corporation increased by 8.1% to $3.20 [4] Losers - Callan JMB Inc. fell 20.7% to $3.33 after a 275% increase on Thursday due to a strategic agreement with Biostax Corp [4] - Erayak Power Solution Group Inc. decreased by 18.3% to $3.21 after an 18% rise on Thursday [4] - TryHard Holdings Limited dropped 16.4% to $6.35 following a 76% decline on Thursday due to a joint venture announcement [4] - iOThree Limited shares dipped 15% to $2.56 [4] - NOVONIX Limited fell 14% to $1.17 [4] - Moolec Science SA tumbled 13.1% to $6.69 after an 118% increase on Thursday [4] - High Roller Technologies, Inc. declined 12.9% to $20.64 after a 25% rise on Thursday [4] - Bonk, Inc. fell 10.4% to $3.55 after a 42% increase on Thursday due to acquisition news [4] - J B Hunt Transport Services Inc fell 4.2% to $197.86, reporting mixed financial results for the fourth quarter [4] - QXO Inc dipped 3.5% to $24.14 after announcing a $750 million stock offering and preliminary fourth-quarter net sales of $2.19 billion [4]

Group 1 - The core point of the article highlights significant stock price increases for several Chinese concept stocks, with 东方文化 (Oriental Culture) leading the gains at 291.98% [1] - 东方文化 (OCG) closed at 10.270, with a price increase of 7.650 and a trading volume of 398 million [1] - 金铉集团 (IXG) saw a rise of 67.90%, closing at 8.630 with an increase of 3.490 and a trading volume of 6.1774 million [1] - 禧图集团 (MGIH) experienced a 26.81% increase, closing at 1.750 with a rise of 0.370 and a trading volume of 337.8 thousand [1] - 阿诺医药 (ANL) rose by 25.00%, closing at 1.1000 with an increase of 0.2200 and a trading volume of 111.8 thousand [1] - 雷亚电子 (RAYA) increased by 20.17%, closing at 5.540 with a rise of 0.930 and a trading volume of 516.9 thousand [1]

Financial Performance - Sales for the six months ended June 30, 2025, were $8.74 million, a decrease of 26.3% compared to $11.94 million for the same period in 2024[3] - Gross profit increased to $1.74 million in the first half of 2025, up 51.3% from $1.15 million in the prior year[3] - Operating loss improved to $(631,468) for the six months ended June 30, 2025, compared to $(1,288,315) in the same period of 2024, reflecting a reduction of 51.0%[3] - Net loss narrowed to $(516,655) in the first half of 2025, compared to $(1,058,540) in the same period of 2024, indicating a 51.1% improvement[3] - Total sales for the first half of 2025 were $8,744,869, a decrease of 26.3% compared to $11,943,904 in the same period of 2024[96] Assets and Liabilities - Total assets increased to $49.20 million as of June 30, 2025, up from $46.03 million at December 31, 2024, representing a growth of 4.7%[2] - Cash and cash equivalents decreased to $177,098 as of June 30, 2025, down from $532,605 at December 31, 2024, a decline of 66.8%[2] - Total current liabilities increased to $16.75 million as of June 30, 2025, compared to $15.53 million at December 31, 2024, an increase of 7.8%[2] - The company’s total shareholders' equity decreased to $26.40 million as of June 30, 2025, down from $26.59 million at December 31, 2024, a decline of 0.7%[2] - As of June 30, 2025, accounts receivable amounted to $13,715,978, with a net amount of $13,451,506 after an allowance for doubtful accounts of $264,472, compared to $12,296,691 and $12,037,136, respectively, as of December 31, 2024[71] Cash Flow and Operating Activities - Cash used in operating activities was $(782,378) for the first half of 2025, a significant improvement from $(12,859,999) in the same period of 2024[8] - The company does not anticipate negative impacts on working capital needs without funds from related parties, as current cash and operations are expected to meet needs for at least the next twelve months[70] Investments and Capital - As of June 30, 2025, Erayak HK had a paid-in capital of $3,900,000, while Ruike had a paid-in capital of $5,010,035[13][14] - The paid-in capital for Wenjie was $3,000,000 as of June 30, 2025[15] - Leiya's paid-in capital was RMB 6,900,000 as of June 30, 2025, with its principal activities including the development, production, and sales of inverters, chargers, and gasoline generators[16] - New Focus had a paid-in capital of RMB 5,000,000 as of June 30, 2025, primarily involved in the sale of Leiya's products[17][18] - The Company acquired a 15% equity interest in a privately held entity for RMB 3 million during the fiscal year ended December 31, 2024[41] Expenses - General and administrative expenses increased to $1,257,167 in 2025, up 9.1% from $1,153,066 in 2024[97] - Selling and marketing expenses decreased significantly to $329,644 in 2025, down 27.5% from $454,841 in 2024[98] - Research and development expenses totaled $781,775 in 2025, a decrease of 5.6% compared to $828,013 in 2024[99] - Net interest expenses rose to $136,575 in 2025, compared to $64,588 in 2024, reflecting an increase of 111.5%[100] - Total rental income, net, decreased to $77,775 in 2025 from $109,449 in 2024, a decline of 29.0%[101] Other Financial Information - The company received government grants of $87,823 and $36,036 for the six months ended June 30, 2025, and 2024, respectively, included in other income on the Income Statement[53] - Other net income increased to $167,406 in 2025, up 14.6% from $145,952 in 2024, driven by higher government grants[102] - The company had total outstanding balances due to related parties of $2,063,754 as of June 30, 2025, down from $3,510,165 at the end of 2024[104] Business Operations - Erayak Group is currently not actively engaging in any business operations[10] - The company plans to expand its business in the energy storage industry, with a $1,000,000 advance payment related to a potential long-term lease for a customized factory[74] Property and Equipment - As of June 30, 2025, total property, plant, and equipment (net) amounted to $3,937,116, a significant increase from $2,157,214 as of December 31, 2024, representing an 82.5% growth[75] - Additions to property and equipment for the fiscal period ended June 30, 2025, were $1,963,158, compared to $715,202 for the same period in 2024, indicating a 174.5% increase[76] - Depreciation expenses for the six months ended June 30, 2025, were $245,460, up from $203,787 in 2024, reflecting a 20.5% increase[77] - Intangible assets (net) as of June 30, 2025, totaled $2,599,087, a substantial rise from $61,972 as of December 31, 2024[78] Financing Activities - Total short-term borrowings from financial institutions amounted to RMB 32,250,209 ($4,501,956) as of June 30, 2025, compared to RMB 7,706,808 ($1,055,828) as of December 31, 2024, indicating a significant increase[91] - Long-term loans as of June 30, 2025, totaled RMB 47,750,000 ($6,665,643), with a current portion of long-term loans amounting to RMB 4,166,666 ($616,543)[92] - The company entered into a project financing loan agreement for RMB 90,000,000 at an interest rate of 2.70% to fund the development of a 150 MWh Annual Energy Storage Project, with an outstanding amount of RMB 16,000,000 ($2,233,514) as of June 30, 2025[94] Shareholder Activities - The company completed an initial public offering in December 2022, raising net proceeds of $10,646,322[107] - A private placement in May 2024 resulted in the issuance of 16,000,000 Class A ordinary shares for a total of $8,000,000[108]

Core Insights - Premarket trading is showing notable activity with significant price movements indicating potential trading opportunities before the market opens [1] Premarket Gainers - Artiva Biotherapeutics, Inc. (ARTV) has increased by 124% to $6.22 [3] - Akanda Corp. (AKAN) is up 39% at $3.10 [3] - Kezar Life Sciences, Inc. (KZR) has risen 38% to $5.80 [3] - Carbon Revolution Public Limited Company (CREV) is also up 38% at $5.15 [3] - Safe & Green Holdings Corp. (SGBX) has increased by 28% to $3.96 [3] - Achieve Life Sciences, Inc. (ACHV) is up 23% at $3.80 [3] - Revolution Medicines, Inc. (RVMD) has risen 8% to $53.90 [3] - Erayak Power Solution Group Inc. (RAYA) is up 8% at $5.76 [3] - ProQR Therapeutics N.V. (PRQR) has increased by 7% to $3.00 [3] - Bio Green Med Solution, Inc. (BGMS) is up 6% at $4.04 [3] Premarket Losers - American Rebel Holdings, Inc. (AREB) has decreased by 41% to $2.09 [4] - Sadot Group Inc. (SDOT) is down 25% at $5.35 [4] - AVITA Medical, Inc. (RCEL) has fallen 24% to $4.04 [4] - Soluna Holdings, Inc. (SLNH) is down 23% at $3.22 [4] - American Battery Technology Company (ABAT) has decreased by 17% to $4.70 [4] - CID HoldCo, Inc. (DAIC) is down 17% at $2.16 [4] - Pinnacle Food Group Limited (PFAI) has fallen 12% to $3.12 [4] - OnKure Therapeutics, Inc. (OKUR) is down 12% at $2.52 [4] - Whitehawk Therapeutics, Inc. (WHWK) has decreased by 12% to $2.29 [4] - Aqua Metals, Inc. (AQMS) is down 7% at $14.50 [4]

Core Insights - Erayak Power Solution Group Inc. has established a U.S. subsidiary, Nexora Group Inc., as part of its global expansion and innovation strategy [1][2][4] - Nexora will serve as the regional headquarters in North America, enhancing sales, marketing, and logistics capabilities while focusing on localized product customization and after-sales support [2][3] - The subsidiary aims to deepen partnerships with major North American enterprises in power equipment, RV, and renewable energy sectors to develop next-generation products [2][4] Company Strategy - The establishment of Nexora Group Inc. is a significant milestone in Erayak's vision to become a globally connected and innovation-driven power solutions provider [4] - The company plans to leverage its U.S. presence to expand into South America and Europe, creating an interconnected network for product innovation and customer service [3][4] - By combining localized R&D and real-time market feedback, Erayak aims to accelerate product innovation cycles and deliver eco-friendly power solutions [4] Product Portfolio - Erayak specializes in manufacturing and R&D of power solution products, including sine wave and off-grid inverters, generators, and smart chargers [5] - The products are primarily used in agricultural and industrial vehicles, recreational vehicles, and outdoor living products [5] - The company's goal is to become the premier power solutions brand for mobile life and outdoor living [5]

Core Insights - Premarket trading is showing notable activity with significant price movements indicating potential trading opportunities before the market opens [1] Premarket Gainers - Xcel Brands, Inc. (XELB) increased by 48% to $2.57 [3] - Astrotech Corporation (ASTC) rose by 21% to $5.85 [3] - Rumble Inc. (RUM) saw a 13% increase to $8.36 [3] - ClearPoint Neuro, Inc. (CLPT) gained 9% reaching $27.38 [3] - USA Rare Earth, Inc. (USAR) also increased by 9% to $24.92 [3] - Q/C Technologies, Inc. (QCLS) rose by 8% to $5.51 [3] - Lazydays Holdings, Inc. (GORV) increased by 8% to $2.61 [3] - K Wave Media Ltd. (KWM) saw a 7% rise to $2.78 [3] - Galectin Therapeutics Inc. (GALT) increased by 6% to $4.53 [3] - Wrap Technologies, Inc. (WRAP) rose by 6% to $2.86 [3] Premarket Losers - Black Titan Corporation Ordinary Shares (BTTC) decreased by 29% to $16.80 [4] - Masonglory Limited (MSGY) fell by 14% to $2.54 [4] - Aspire Biopharma Holdings, Inc. (ASBP) declined by 12% to $0.37 [4] - Urban One, Inc. (UONE) saw an 11% drop to $1.15 [4] - Reitar Logtech Holdings Limited (RITR) decreased by 7% to $2.74 [4] - Iveda Solutions, Inc. (IVDA) fell by 7% to $1.88 [4] - Erayak Power Solution Group Inc. (RAYA) decreased by 6% to $4.93 [4] - Megan Holdings Limited (MGN) saw a 6% drop to $3.32 [4] - Werewolf Therapeutics, Inc. (HOWL) declined by 5% to $1.81 [4] - SOS Limited (SOS) decreased by 4% to $2.04 [4]

Company Performance - Erayak Power Solution Group Inc. experienced a dramatic 99% drop in stock price to $4.05, with a market cap of $3.28 million, raising concerns about its competitive position in the power solution market [1][7] - NovaBay Pharmaceuticals, Inc. faced a steep decline of 45.34%, with its stock price falling to $1.29, but announced a special one-time cash dividend of $0.80 per share to reassure investors [2][7] - Nvni Group Limited saw its stock price decrease by 38.14% to $0.85, but is pursuing growth through acquisitions, including MK Solutions, to enhance its topline and cash flow [3][7] - Syra Health Corp. reported a 33.25% decrease in stock price to $0.06, with revenue of $1.9 million consistent with the previous year and a significant increase in gross margin to 38.7% [4] - Aspire Biopharma Holdings, Inc. experienced a 33.38% drop in stock price to $0.20, launching an influencer marketing campaign to boost awareness and sales of its product [5] Market Trends - Recent market trends indicate notable declines in stock prices for several companies, highlighting the dynamic and unpredictable nature of the stock market influenced by company performance and broader economic conditions [6]

Core Viewpoint - Chinese concept stocks experienced significant declines, with the top five losers showing steep drops in their stock prices. Group 1: Stock Performance - Libang Kitchenware (LBGJ) fell by 50.93%, closing at 0.660, with a decrease of 0.685 and a trading volume of 3.6995 million [1] - Zhengye Biological (ZYBT) dropped by 39.64%, ending at 3.000, down by 1.970, with a trading volume of 8.2297 million [1] - Reaya Electronics (RAYA) decreased by 33.05%, closing at 0.0476, down by 0.0235, with a trading volume of 3.9496 million [1] - Xiao i Robot (AIXI) saw a decline of 23.21%, closing at 1.290, down by 0.390, with a trading volume of 1.4258 million [1] - Easy Electric (EZGO) fell by 16.08%, ending at 0.1879, down by 0.0360, with a trading volume of 0.9919 million [1]

Group 1 - The top five gaining Chinese concept stocks at the close were: Raytheon Electronics up 35.57%, Fangdd up 22.53%, Bit Origin up 18.83%, Youxin Technology up 14.05%, and Yingxi Group up 13.78% [1] - Raytheon Electronics (RAYA) closed at 0.0606 with a gain of 35.57%, translating to an increase of 0.0159 and a trading volume of 6.5167 million [1] - Fangdd (DUO) closed at 3.970 with a gain of 22.53%, translating to an increase of 0.730 and a trading volume of 11.8321 million [1] Group 2 - Bit Origin (BTOG) closed at 0.4600 with a gain of 18.83%, translating to an increase of 0.0729 and a trading volume of 4.5705 million [1] - Youxin Technology (YAAS) closed at 0.0755 with a gain of 14.05%, translating to an increase of 0.0093 and a trading volume of 6.0798 million [1] - Yingxi Group (ATXG) closed at 0.7167 with a gain of 13.78%, translating to an increase of 0.0868 and a trading volume of 0.6795 million [1]