Sunrise Real Estate Group, Inc. reported a significant decline in net revenues for the second quarter of 2025, totaling $1.64 million, a decrease of 63% from $4.45 million in the same period of 2024. However, for the first half of 2025, the company experienced an 80% increase in revenues, reaching $11.43 million compared to $6.35 million in the first half of 2024. The revenue from house sales, which accounted for 94.4% of total revenues in the first two quarters of 2025, was primarily driven by sales from the Huaian project. The cost of revenues also saw a substantial decrease of 83% in the second quarter, amounting to $623,376, while the total cost for the first half increased by 85% to $10.51 million.
The company reported a net income of $1.74 million for the second quarter of 2025, a stark contrast to a net loss of $4.29 million in the same quarter of the previous year. For the first half of 2025, the net loss narrowed to $510,071 from a loss of $9.08 million in the first half of 2024. This improvement in profitability was attributed to a significant increase in other income, which rose to $1.80 million compared to a loss of $6.55 million in the prior year, largely due to gains from stock market investments.
Operationally, Sunrise Real Estate Group has made strides in its real estate development projects. As of June 30, 2025, the company reported that it had sold 655 units out of 679 in the first phase of the Huai’an project and 599 out of 873 units in the second phase. The company’s total assets decreased to $165.10 million from $174.70 million at the end of 2024, while total liabilities also fell to $68.19 million from $77.72 million, reflecting a reduction in accounts payable and amounts due to affiliates.
Looking ahead, Sunrise Real Estate Group aims to continue its focus on real estate development and property management in China. The company plans to leverage its established reputation in property brokerage and expand its financial activities, including entity investment and fund management. Management expressed confidence in the company’s ability to meet its cash needs for the upcoming year, supported by its current cash position of $16.96 million and ongoing revenue from property sales and management services. However, the company acknowledged potential risks related to market conditions and the integration of new acquisitions, which could impact future performance.
About SUNRISE REAL ESTATE GROUP INC
About 10-Q Filings
A 10-Q form is an important financial report that public companies in the United States must submit every three months. It gives a clear picture of a company's financial health and recent performance.
Key points about the 10-Q:
- Frequency: Companies file it three times a year, covering the first three quarters. The fourth quarter is covered in a more comprehensive annual report.
-
Content: It includes:
- Financial statements showing the company's current financial position
- Updates from management on the performance and projections of the business
- Information about potential risks the company faces
- Details on how the company is run internally
- Deadline: Must be filed within 40 or 45 days after the quarter ends, depending on the size of the company.
Our Methodology
AssetRoom is committed to providing timely summaries of news from public companies. We use AI to generate these summaries quickly, but they are not reviewed by human experts.
Our method:
- Data Collection: We continuously monitor for new filings (currently limited to US-listed stocks).
- AI-Powered Analysis: Our advanced AI system processes each filing, identifying key information and extracting relevant data.
- Summary Generation: The AI creates a concise, easy-to-understand summary of the filing, highlighting the most important points.
- Publication: The summary is immediately published on our platform, allowing users instant access to the latest information.
- Email users: We distribute round-up emails according to our users preferences, keeping them in the loop with the companies they follow.
Feedback & Corrections
Spot an error or have a suggestion? Contact us.