$SRRE

SUNRISE REAL ESTATE GROUP INC

CIK:0001083490|SEC Filings

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
Net revenues	$ 362,498	$ 1,642,693	$ 1,042,332	$ 11,430,479
Cost of revenues	(677,225)	(623,377)	(1,549,172)	(10,512,301)
Gross profit (loss)	(314,727)	1,019,316	(506,840)	918,178
Operating expenses	(317,012)	(255,988)	(585,774)	(602,529)
General and administrative expenses	(551,975)	(915,091)	(1,121,402)	(1,522,961)
Operating profit (loss)	(1,183,714)	(151,763)	(2,214,016)	(1,207,312)
Other income (expenses)
Interest income	37,015	56,471	67,964	40,020
Interest expense	(270,504)	(447,682)	(642,631)	(862,329)
Equity in net income (loss)	807,337		807,337
Unrealized gain (loss) on equity securities	(3,085,214)		1,225,464
Other income (loss), net	(207,298)	2,557,036	(6,622,895)	1,798,091
Total other Income (loss)	(2,718,664)	2,165,825	(5,164,761)	975,782
Income (loss) before income taxes	(3,902,378)	2,014,062	(7,378,777)	(231,530)
Income tax benefit (expense)		(276,656)		(278,541)
Net income (loss)	(3,902,378)	1,737,406	(7,378,777)	(510,071)
Less: Net (income) loss attributable to non-controlling Interests	609,008	84,225	1,374,569	1,476,088
Net income (loss) attributable to shareholders of Sunrise Real Estate Group, Inc.	(3,293,370)	1,821,631	(6,004,208)	907,017
Other comprehensive income (loss) Foreign currency translation adjustment	437,983	784,336	1,544,253	443,984
Comprehensive income (loss)	(3,464,395)	2,521,742	(5,834,524)	(66,087)
Less: Comprehensive (income) loss attributable to non-controlling interests	1,046,795	122,383	2,223,782	1,472,063
Total comprehensive income (loss) attributable to shareholders	$ (2,417,600)	$ 2,644,125	$ (3,610,742)	$ 1,405,976
Earnings per share - basic (in dollars per share)	$ (0.05)	$ 0.03	$ (0.09)	$ 0.01
Earnings per share - fully diluted (in dollars per share)	$ (0.05)	$ 0.03	$ (0.09)	$ 0.01
Weighted average common shares outstanding - basic (in shares)	68,691,925	68,691,925	68,691,925	68,691,925
Weighted average common shares outstanding - fully diluted (in shares)	68,691,925	68,691,925	68,691,925	68,691,925

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Cash flows from operating activities
Net income (loss)	$ (7,378,777)	$ (510,071)
Adjustments to reconcile net income (loss) to net cash used in operating activities
Depreciation and amortization	935,517	931,446
Unrealized gain on equity investment	(1,225,464)
Loss (Gain) on disposal of property, plant and equipment	17,625
Changes in assets and liabilities
Accounts receivable	4,546,332	(7,579,889)
Real estate property under development	569,944	8,390,702
Customer Deposits	(158,555)	(994,970)
Amount due from unconsolidated affiliates	(3,546,182)	(6,797,769)
Other receivables and deposits	(476,737)	2,469,559
Net cash from directors	(12,437)	1
Accounts payable	(2,854,456)	(2,488,571)
Other payables and accrued expenses	(7,622)	(50,346)
Other taxes payable	(68,337)	(190,641)
Income taxes payable	(70)	(4,536)
Net cash provided by (used in) operating activities	(9,659,219)	(6,825,085)
Cash flows from investing activities
Net Cash from Transactional financial assets	7,318,709	2,645,749
Net cash provided by (used in) investing activities	7,318,709	2,645,749
Effect of exchange rate changes on cash and, cash equivalents and restricted cash	(136,723)	69,517
Net decrease in cash, and cash equivalents and restricted cash	(2,477,233)	(4,109,819)
Cash, and cash equivalents and restricted cash at beginning of period	16,868,011	21,068,085
Cash, and cash equivalents and restricted cash at end of period	$ 14,390,778	16,958,266
Supplemental disclosure of cash flow information
Income taxes paid		$ 278,541

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)	Jun. 30, 2026	Dec. 31, 2025
Current assets
Cash and cash equivalents	$ 14,270,665	$ 16,751,284
Restricted cash (Note 3)	120,113	116,727
Transactional financial assets (Note 4)	16,028,335	21,174,389
Accounts receivable	3,269,371	7,511,486
Real estate property under development (Note 5)	36,871,562	35,714,480
Amount due from an unconsolidated affiliate	18,760,699	15,616,299
Other receivables and deposits, net (Note 6)	6,520,014	5,757,294
Total current assets	95,840,759	102,641,959
Property and equipment, net (Note 7)	241,364	306,251
Investment properties, net (Note 8)	24,211,112	24,331,944
Investment in an unconsolidated affiliate (Note 9)	14,154,675	13,715,866
Other investments (Note 10)	322,138	312,152
Total assets	134,770,048	141,308,172
Current liabilities
Promissory notes payable (Note 11)	1,468,235	1,422,718
Accounts payable (Note 14)	12,401,294	14,585,403
Customer deposits (Note 16)	17,775,866	17,105,723
Other payables and accrued expenses (Note 13)	2,988,321	2,857,269
Other taxes payable	26,372	91,191
Income taxes payable (Note 17)	4,468	4,329
Total current liabilities	58,150,687	64,036,637
Total liabilities	58,150,687	64,036,637
Commitments and contingencies (Note 18)
Shareholders' equity
Common stock, par value $0.01 per share; 200,000,000 shares Authorized; 68,691,925 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively	686,919	686,919
Additional paid-in capital	5,099,477	8,110,008
Statutory reserve (Note 19)	3,893,120	3,893,120
Retained Earnings	76,048,231	82,052,439
Accumulated other comprehensive income	10,696,224	8,302,758
Total equity of Sunrise Real Estate Group, Inc.	96,423,971	103,045,244
Non-controlling interests	(19,804,610)	(25,773,709)
Total shareholders' equity	76,619,361	77,271,535
Total liabilities and shareholders' equity	134,770,048	141,308,172
Directors
Current liabilities
Amounts due	784,590	760,267
Affiliated Entity
Current liabilities
Amounts due	$ 22,701,541	$ 27,209,737