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SUNRISE RL EST GROUP INC 10-Q Filings

SRRE OTC

Every 10-Q that SUNRISE RL EST GROUP INC (SRRE) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.

A 10-Q covers the quarterly report filed between annual reports, so if you follow SRRE and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full SRRE filings page.

Rhea-AI Summary

SUNRISE REAL ESTATE GROUP, INC. (SRRE) reports a sharp downturn for the quarter and six months ended June 30, 2026. Net revenues for the quarter fell to $362,498, down 77.9% from 2025, and six‑month revenues dropped 90.9% to $1,042,332, mainly from lower Huai’an project home sales. The company swung to a six‑month net loss attributable to shareholders of $(6,004,208) versus income of $907,017 a year earlier, with additional pressure from a $6,622,895 other‑income loss tied largely to non‑cash interest debt relief on the Linyi project and volatile equity investment results.

Operating cash flow was negative $9,659,219 for the six months, partly offset by $7,318,709 provided by transactional financial assets. Despite weaker results, liquidity remains meaningful with cash and cash equivalents of $14,270,665, transactional financial assets of $16,028,335, and current assets of $95,840,759 versus current liabilities of $58,150,687. Total assets were $134,770,048 and total shareholders’ equity $76,619,361, reflecting substantial real estate under development in Linyi and Huai’an.

Management discloses that a previously identified material weakness in internal control over financial reporting, related to limited U.S. GAAP expertise in the accounting department, remains unremediated, and therefore disclosure controls and procedures are considered ineffective, although management believes the financial statements are fairly presented.

Rhea-AI Summary

Sunrise Real Estate Group, Inc. reported a sharp downturn for the quarter ended March 31, 2026, as its China-focused real estate business recognized far fewer home sales. Net revenues fell to $679,834 from $9,787,786 a year earlier, driven by a 96% drop in house sales from the HATX and Linyi projects. Property management contributed 45% of revenue, but overall gross margin remained negative.

The company posted a net loss of $3,476,399, compared with a loss of $2,247,477 in the prior-year quarter, and loss per share widened to $0.04. Results included an unrealized gain of $4,310,678 on equity securities, offset by significant other expenses. Sunrise ended the quarter with cash, cash equivalents and restricted cash of $14,460,268 and total shareholders’ equity of $74,901,406. Management continues to report a material weakness in internal control over financial reporting related to U.S. GAAP expertise.

Rhea-AI Summary

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.