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Erayak Power Solution Group Inc.
Erayak Power Solution Group reported revenue of $12.17 million for the first half of 2026, a 39.17% increase year-over-year, while continuing to post a net loss of $761,221. The revenue growth was driven by higher sales of generators and inverters, but the gross margin compressed to 15.63% due to a volume-driven pricing strategy and increased raw material costs.…more
Erayak Power Solution Group Inc.
Erayak Power Solution Group held an extraordinary general meeting of shareholders on July 9, 2026, approving a capital restructuring plan that includes a reduction in par value per share and an increase in authorized share capital. The par value of each share will be reduced from $0.22 to $0.00001, with the resulting credit to be used for purposes such as offsetting accumulated losses.…more
Erayak Power Solution Group Inc.
Erayak Power Solution Group will hold an extraordinary general meeting of shareholders on July 9, 2026, to approve a capital reorganization. The proposals include a reduction of the par value of ordinary shares from $0.22 to $0.00001 and an increase in the authorized share capital to $50,000.…more
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