Sunrise Real Estate Group Inc. Q2 2025 10-Q Filed

TL;DR

SRRE Q2 10-Q is in! Equity details for June 30, 2025, are out.

AI Summary

Sunrise Real Estate Group Inc. filed its 10-Q for the period ending June 30, 2025. The filing details financial information including retained earnings, noncontrolling interest, additional paid-in capital, accumulated other comprehensive income, and statutory reserves as of June 30, 2025, and prior periods. The company is incorporated in Texas and its principal business address is in Shanghai, China.

Why It Matters

This 10-Q filing provides investors with a quarterly update on Sunrise Real Estate Group's financial health and equity structure, crucial for assessing investment value.

Risk Assessment

Risk Level: low — This filing is a routine quarterly report and does not indicate any immediate or significant new risks.

Key Numbers

• 68691925 — Total Equity (implied) (This figure represents the total equity of the company as of the reporting period.)
• 20250630 — Period End Date (Indicates the end of the fiscal quarter being reported.)
• 20250819 — Filing Date (The date the report was officially submitted to the SEC.)

Key Players & Entities

• SUNRISE REAL ESTATE GROUP INC (company) — Filer
• June 30, 2025 (date) — Period of Report
• August 19, 2025 (date) — Filing Date
• Texas (location) — State of Incorporation
• Shanghai (location) — Business Address City

FAQ

Filing Documents

• srre-20250630x10q.htm (10-Q) — 1764KB
• srre-20250630xex31d1.htm (EX-31.1) — 10KB
• srre-20250630xex31d2.htm (EX-31.2) — 10KB
• srre-20250630xex32d1.htm (EX-32.1) — 8KB
• 0001410578-25-001852.txt ( ) — 7774KB
• srre-20250630.xsd (EX-101.SCH) — 59KB
• srre-20250630_cal.xml (EX-101.CAL) — 46KB
• srre-20250630_def.xml (EX-101.DEF) — 175KB
• srre-20250630_lab.xml (EX-101.LAB) — 334KB
• srre-20250630_pre.xml (EX-101.PRE) — 287KB
• srre-20250630x10q_htm.xml (XML) — 1643KB

Financial Statements (Unaudited)

Financial Statements (Unaudited) 3 Condensed Consolidated Balance Sheets as of June 30,2025 and December 31, 2024 3 Condensed Consolidated Statements of Operations for The Six Months Ended June 30, 2025 and 2024 4 Condensed Consolidated Statements of Stockholders' Equity for The Six Months and Three Months Ended June 30, 2025 and 2024 5 Condensed Consolidated Statements of Cash Flows for The Six Months Ended June 30, 2025 and 2024 6 Notes to Condensed Consolidated Financial Statements 7 Item 2.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 18 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 24 Item 4.

Controls and Procedures

Controls and Procedures 24 PART II. OTHER INFORMATION 26 Item 1.

Legal Proceedings

Legal Proceedings 26 Item 1A

Risk Factors

Risk Factors 26 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 26 Item 3. Defaults Upon Senior Securities 26 Item 4. Mine Safety Disclosures 26 Item 5. Other Information 26 Item 6. Exhibits 27

SIGNATURES

SIGNATURES 28 2 Table of Contents

- FINANCIAL INFORMATION

PART I - FINANCIAL INFORMATION

FINANCIAL STATEMENTS

ITEM 1. FINANCIAL STATEMENTS SUNRISE REAL ESTATE GROUP, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) (Expressed in U.S. Dollars) June 30, December 31, 2025 2024 ASSETS Current assets Cash and cash equivalents $ 16,197,325 $ 19,945,761 Restricted cash (Note 3) 760,941 1,122,324 Transactional financial assets (Note 4) 21,412,573 23,966,573 Accounts receivable 7,932,660 328,427 Real estate property under development (Note 5) 55,803,692 63,953,601 Amount due from an unconsolidated affiliate 16,729,556 15,964,637 Other receivables and deposits, net (Note 6) 5,806,504 8,249,209 Total current assets 124,643,251 133,530,532 Property and equipment, net (Note 7) 362,476 433,302 Investment properties, net (Note 8) 25,947,067 26,721,490 Investment in an unconsolidated affiliate (Note 9) 13,508,892 13,381,808 Other investments (Note 10) 635,005 632,373 Total assets $ 165,096,691 $ 174,699,505 LIABILITIES AND SHAREHOLDERS' EQUITY (DEFICIT) Current liabilities Promissory notes payable (Note 11) 1,396,921 1,391,130 Accounts payable (Note 14) 14,445,618 16,871,500 Amounts due to directors (Note 12) 746,483 743,387 Amount due to an affiliate (Note 15) 27,844,139 33,823,253 Customer deposits (Note 16) 16,576,909 17,502,037 Other payables and accrued expenses (Note 13) 7,088,214 7,109,119 Other taxes payable 88,175 278,236 Income taxes payable (Note 17) 1,581 6,105 Total current liabilities 68,188,040 77,724,767 Long-term income tax payable (Note 17) — — Total liabilities 68,188,040 77,724,767 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, 2025 and December 31, 2024, respectively 686,919 686,919 Additional paid-in capital 8,110,008 8,110,008 Statutory reserve (

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View this 10-Q filing on SEC EDGAR