Sunrise Real Estate Group, Inc. submitted a Form 12b-25 notifying the SEC it cannot timely file its quarterly report on Form 10-Q for the period ended March 31, 2026. The company states it needs additional time to complete financial statements and expects to file within the extension period prescribed by Rule 12b-25.
Sunrise Real Estate Group, Inc. reports on its China-focused real estate development, leasing and management business for the year ended December 31, 2025. Operations are concentrated in the PRC, with Huai’an Tianxi Real Estate Development contributing 80.1% of 2025 revenue, or $10,742,940, and Linyi Shangyang Real Estate Development 13.12%, or $1,800,252.
Sunrise also generates smaller revenue from Shanghai Shangyang Investment Management and Consulting at 1.72% (USD230,332) and Suzhou Xin Ji Yang Real Estate Consultation at 1.45% (USD195,024). The company owned 68,691,925 common shares outstanding as of April 15, 2026 and employed 58 staff across development, marketing, accounting and administration.
The group holds a 19.91% stake in skincare company SHDEW, which has supplied most cash receipts through dividends and advances, and discloses that this dependence is a key risk. Management reports a continuing material weakness in internal control over financial reporting due to limited U.S. GAAP expertise. Shares trade on the OTC market, with 2025 prices ranging between $0.25 and $0.11 per share.
Sunrise Real Estate Group, Inc. filed a Form 12b-25 notifying the SEC that its Form 10-K for the period ended December 31, 2025 will be late because the company is delayed in preparing its financial statements. The company expects to rely on Rule 12b-25 relief and has signed the notice on March 31, 2026.
Sunrise Real Estate Group, Inc. reported a profitable third quarter of 2025 despite a sharp drop in sales. Net revenues for the quarter fell to $926,862 from $7,221,619 a year earlier, mainly because fewer Huaian Tianxi units were recognized when handovers completed. However, net income attributable to shareholders rose to $4,800,925 from $3,130,042, helped by $5,321,283 of other income.
For the first nine months of 2025, net revenues were $12,357,341, down 9% from 2024, but the company swung to a $5,707,942 profit from a $4,476,847 loss. Earnings per share improved to $0.07 for the quarter and $0.08 year-to-date, compared with $0.05 and a $(0.07) loss per share in 2024. Cash and cash equivalents were $17.1 million as of September 30, 2025, with most assets tied to real estate under development and investment properties in China.