SRRE
Sunrise Real Estate Group, Inc.0.1300
+0.0000+0%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
No earnings call transcript available
Key Stats
Market Cap
8.93MP/E (TTM)
6.50Basic EPS (TTM)
0.02Dividend Yield
0%Recent Filings
10-Q
Q3 FY2025 results
Sunrise swung to Q3 net income of $4.2M, up 29% y/y, driven by $5.7M other income that offset a $1.1M operating loss from weak $0.9M revenue (down 87% y/y, derived). YTD revenue dipped 9% to $12.4M while net income flipped to $3.7M profit from $5.8M loss, with real estate development delivering 93% of topline yet posting operating losses. Cash fell to $17.1M amid $2.9M operating outflow, but $25.3M transactional assets and $70M liabilities provide breathing room; no revolver disclosed. Diluted EPS $0.07 reconciles to 68.7M shares. Investment gains mask core struggles.
10-Q
Q2 FY2025 results
Sunrise Real Estate Group swung to Q2 revenue of $1.6M, down 63% y/y from $4.4M yet lifting YTD topline 80% y/y to $11.4M on Huaian project sales, where real estate development drove 99% of the gain while brokerage lagged. Gross margins held at 62% (derived) amid lower volumes, but operating loss narrowed to $152K from $349K y/y; net swung to $1.7M profit on $2.6M other income, versus $4.3M loss last year—net beat operating by >20% due to other income, net. Cash fell to $16.2M with $6.8M operating outflow, offset by $2.6M investing inflows; no debt covenants noted. Balance sheet steady at $97M equity. Property market volatility looms.
10-Q
Q1 FY2025 results
Sunrise Real Estate Group posted Q1 revenue of $9.8M, up 415% y/y from $1.9M, driven by HATX project house sales recognizing $9.7M (97% of total) while property management added a modest $0.3M. Gross loss narrowed to $0.1M from near-breakeven, but operating loss held steady at ~$1.1M as expenses ticked up 9%; net loss improved 53% to $2.2M, with the operating-to-net gap from $0.4M interest expense and $0.8M other net expense. Cash dipped q/q to $16.6M amid $7.4M operating outflow, offset by $4.1M from transactional assets; repaid $7.0M to affiliate SHSJ, leaving $26.8M due. Diluted EPS of -$0.01 reconciles to 68.7M shares. Real estate sales hinge on PRC market demand.
10-K
FY2024 results
Sunrise Real Estate Group posted FY2024 revenue of $15.6M, down 37% y/y, with house sales at $14.2M (91% of total) plunging 39% on weaker HATX project deliveries versus 2023. Property management held steady at $1.4M. Gross profit shrank to $2.1M while $11.3M impairment on real estate under development—cumulative $30.9M on Linyi project—drove operating loss to $2.1M from $0.6M. Q4 momentum stalled amid China real estate headwinds; cash ended at $21M after $4.2M operating outflow. No dividends or buybacks. PRC policy shifts threaten sales momentum.
10-Q
Q3 FY2024 results
Sunrise flipped to Q3 profit of $3.3M net income ($0.05 diluted EPS), up from $1.2M loss last year, driven by real estate development revenue jumping 31% y/y to $7.2M while gross margin doubled to 21.0%. Operating profit swung positive to $0.7M from a $0.5M loss, yet YTD shows $5.8M net loss versus $2.9M prior year as fewer Huaian Tianxi units handed over. Cash climbed to $25.6M with $23.8M unrestricted, bolstered by $7.3M from transactional financial assets; promissory notes steady at $1.4M (0% rate, no maturity). Real estate development dominates at 95% of revenue. SHDEW faces dissolution by 2026.
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