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SRRE on OTC

SUNRISE REAL ESTATE GROUP INC

SUNRISE REAL ESTATE GROUP INC is an American Operators of Apartment Buildings company, incorporated in Texas.1 Its shares trade on OTC under the symbol SRRE.1

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Last updated Oct 21, 2026.

Overview

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  • TickerSRRE on OTC1
  • IndustryOperators of Apartment Buildings1
  • HeadquartersTX1
  • Incorporated inTX2
  • Business addressSuite 1502, No. 333 Zhaojiabang Road, Shanghai2
  • Filer categoryNon-accelerated filer, Smaller reporting company2

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The principal activities of Sunrise Real Estate Group, Inc. (“ SRRE ”) and its subsidiaries (collectively referred to as the “ Company ”) are real estate development including property leasing services; and property management services in the People’s Republic of China (“ PRC ”). Our current ownership interests in our various subsidiaries and other entities are set forth in the below organizational chart below.3 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

5.2%Gross margin4
-28.1%Operating margin4
-62.6%Net margin4
-14.9%Revenue growth, 20254
-8.1%Return on equity4

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Business segments

Real Estate Development brought in 98% of the revenue SUNRISE REAL ESTATE GROUP INC broke down this way in fiscal 2025.

  1. Real Estate Development$13.0M498%down 14% from 2024
  2. Property Management$288.6K42%down 36% from 2024
Business segments by year
Business segments20242025
Real Estate Development$15.2M$13.0M
Property Management$452.8K$288.6K

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue95¢$12.6M
  • Other costs5¢$685.4K
  • Income tax0¢$6.7K

Out of $13.3M in revenue.4 The company lost money this year.

Financial statements

Revenue567894$13.3M in 2025−60% since 2019
0$25.0M$50.0M$75.0M$100.0M2019: $33.0M$33.0M20192020: $5.9M$5.9M2020−82%2021: $54.1M$54.1M2021+819%2022: $80.0M$80.0M2022+48%2023: $24.8M$24.8M2023−69%2024: $15.6M$15.6M2024−37%2025: $13.3M$13.3M2025−15%
Gross profit567894$692.1K in 2025−89% since 2019
0$5.0M$10.0M$15.0M2019: $6.2M$6.2M20192020: $539.4K$539.4K2020−91%2021: $12.9M$12.9M2021+2293%2022: $9.5M$9.5M2022−27%2023: $4.9M$4.9M2023−48%2024: $2.1M$2.1M2024−57%2025: $692.1K$692.1K2025−67%
Operating income567894-$3.7M in 2025−46% since 2019
-$30.0M-$20.0M-$10.0M0$10.0M2019: -$6.9M-$6.9M20192020: -$27.8M-$27.8M2020+300%2021: $6.2M$6.2M20212022: -$2.1M-$2.1M20222023: -$613.9K-$613.9K2023−71%2024: -$2.1M-$2.1M2024+247%2025: -$3.7M-$3.7M2025+75%
Net income567894-$8.3M in 2025+374% since 2019
-$20.0M0$20.0M$40.0M2019: -$1.8M-$1.8M20192020: -$4.2M-$4.2M2020+142%2021: $35.0M$35.0M20212022: -$8.4M-$8.4M20222023: -$10.1M-$10.1M2023+20%2024: -$9.1M-$9.1M2024−11%2025: -$8.3M-$8.3M2025−8%

Every line of the income statement as filed: the last 2 fiscal years, latest first.4

Period ending2025-12-312024-12-31
Net revenues$13.3M$15.6M
Cost of revenues-$12.6M-$13.5M
Gross profit$692.1K$2.1M
Operating expenses-$1.2M-$1.4M
General and administrative expenses-$3.2M-$2.8M
Operating profit (loss)-$3.7M-$2.1M
Interest income$132.9K$398.3K
Interest expense-$1.7M-$2.2M
Real estate property under development Impairment-$21.8M-$11.3M
Other assets impairment-$1.4M
Unrealized gain on equity securities$6.8M
Other income (loss)$195.0K-$2.9M
Total Other Income (Expenses)-$17.7M-$16.1M
Income (Loss) before income taxes-$21.4M-$18.2M
Income taxes (Note 19)-$6.7K-$84.2K
Net income /(loss)-$21.4M-$18.3M
Less: Net (income) loss attributable to non-controlling interests$13.1M$9.3M
Net income (loss) attributable to stockholders of Sunrise Real Estate Group, Inc.-$8.3M-$9.1M
Earnings (loss) per share - basic (in dollars per share)-$0.12-$0.13
Earnings (loss) per share - fully diluted (in dollars per share)-$0.12-$0.13
Weighted average common shares outstanding - basic (in shares)68.7M shares68.7M shares
Weighted average common shares outstanding - fully diluted (in shares)68.7M shares68.7M shares

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What it owns

What SUNRISE REAL ESTATE GROUP INC reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$2.5M4 Dec 31, 2025$2.4M4 Dec 31, 2024+1.9%
Accumulated depreciation$2.2M4 Dec 31, 2025$2.0M4 Dec 31, 2024+8.7%
Property and equipment, net$306.3K4 Dec 31, 2025$433.3K4 Dec 31, 2024−29.3%

Real estate and locations

ItemLatestA year beforeChange
Real estate investments, net$24.3M4 Dec 31, 2025$26.7M4 Dec 31, 2024−8.9%
Real estate accumulated depreciation$15.7M4 Dec 31, 2025$13.8M4 Dec 31, 2024+14.1%

Investments

ItemLatestA year beforeChange
Marketable securities, current$21.2M4 Dec 31, 2025$24.0M4 Dec 31, 2024−11.7%
Stakes in other companies (equity method)$13.7M4 Dec 31, 2025$13.4M4 Dec 31, 2024+2.5%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$09 Dec 31, 2024$08 Dec 31, 2023

Properties, in its own words

Our headquarter office space is located at 18 Panlong Road, Qingpu District, Shanghai, PRC. We also rent regional field support offices in various cities in China, including Shanghai, Suzhou, Linyi and Huaian. We lease the facilities that house our regional field support offices. The terms of the leases do not contain rent escalation, contingent rent, renewal, or purchase options.

The Company also owns two floors and four units of the Sovereign Building in Suzhou, PRC. One floor is held for the Company’s own use, and the remaining properties are held for long term investment purposes.

Item 2 of the 10-K filed Apr 17, 2026.3

Leadership

Who has led SUNRISE REAL ESTATE GROUP INC, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Chi Jung Lin2007–2014

President

  1. Chi Jung Lin2007–2014

Chief financial officer

  1. Ardavazt Honanyan2008
2010201520202025
Board members and other officers (8)

Former names

  • SUNRISE REAL ESTATE DEVELOPMENT GROUP INCMar 30, 2004 to Jan 22, 20072
  • PARALLAX ENTERTAINMENT INCAug 20, 2001 to Nov 21, 20032

Timeline

  1. Jul 24, 20248-K Executive or director change20
  2. Jan 23, 20238-K Other events21
  3. Sep 13, 20228-K Other events22
  4. Aug 1, 20228-K Shareholder vote23
  5. Jan 24, 20228-K Executive or director change24
  6. Jan 22, 2007New chief executive Chi Jung Lin becomes CEO12

Filings

56 filings to the SEC since October 2021: 6 annual reports, 15 quarterly reports, 5 major events, 30 other. The latest 20:

  1. Aug 19, 202610-Q EDGAR
  2. Aug 13, 2026NT 10-Q EDGAR
  3. May 20, 202610-Q EDGAR
  4. May 18, 2026NT 10-Q EDGAR
  5. Apr 17, 202610-K EDGAR
  6. Mar 31, 2026NT 10-K EDGAR
  7. Dec 12, 202510-Q EDGAR
  8. Aug 19, 202510-Q EDGAR
  9. Aug 14, 2025NT 10-Q EDGAR
  10. May 16, 202510-Q EDGAR
  11. May 16, 2025NT 10-Q EDGAR
  12. Apr 29, 202510-K EDGAR
  13. Mar 31, 2025NT 10-K EDGAR
  14. Jan 21, 2025UPLOAD EDGAR
  15. Nov 25, 202410-Q EDGAR
  16. Nov 15, 2024NT 10-Q EDGAR
  17. Oct 22, 202410-K/A EDGAR
  18. Oct 22, 2024CORRESP EDGAR
  19. Oct 8, 2024UPLOAD EDGAR
  20. Sep 3, 202410-Q EDGAR

The 56 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

SEC filer profile

How SUNRISE REAL ESTATE GROUP INC is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARSUNRISE REAL ESTATE GROUP INC1
  • CIK0001083490
  • Employer ID (EIN)75-27137013
  • Filer statusNon-accelerated filer not an emerging growth company; a smaller reporting company; not a shell company3
  • Incorporated inTexas3
  • Fiscal year endsDecember 311
  • Industry code (SIC)6513 Operators of Apartment Buildings1
  • SEC reviewing officeOffice of Real Estate & Construction, Division of Corporation Finance1
  • Business addressSuite 1502, No. 333 Zhaojiabang Road, Shanghai, China1
  • Phone8621-642205051
  • Shares outstanding68,691,925 as of Jul 31, 202611
  • Public float$3.3M as of Jun 24, 20253
  • AuditorRH CPA, Little Neck, NY PCAOB ID 63983
  • On EDGAR sinceApr 23, 20011
  • Filings317 in all: 8-K (57), 10-Q (56), NT 10-Q (42), 10QSB (20), 10-K (18), NT 10-K (17), 3 (15), UPLOAD (15)1
    All 30 form types

    4 (12), CORRESP (8), 10-Q/A (7), 10KSB (7), DEF 14A (7), 10-K/A (6), SC 13D (6), 10SB12G/A (4), 10QSB/A (3), PRE 14A (3), 8-K/A (2), DEF 14C (2), 10SB12G (1), 424B3 (1), 5 (1), NTN 10Q (1), PRE 14C (1), S-8 (1), S-8 POS (1), SB-2 (1), SB-2/A (1), SC 13D/A (1)

  • Latest filingsAnnual report (10-K) Apr 17, 2026
    Quarterly report (10-Q) Aug 19, 2026
    Proxy statement (DEF 14A) Jun 24, 2022
    Latest 8-K (8-K) Jul 24, 2024

Securities registered for trading

ClassSymbolExchange
Common stock, par value $0.01 per shareSRRENONE

From the cover page of the 10-K filed Apr 17, 2026 (Section 12(b) of the Exchange Act).3

Risk factors and legal proceedings

The risks SUNRISE REAL ESTATE GROUP INC names in Item 1A of its 10-K filed Apr 17, 2026: 48 risks under these headings, as written.3

  • RISKS RELATING TO THE GROUP
  • SRRE is a holding company and depends on its subsidiaries’ cash flows to meet its obligations.
  • Development of new business may stretch our cash flow and strain our operation efficiency.
  • Our acquisition of new property may involve risks.
  • Additional acquisitions might harm our business.
  • Our real estate investments are subject to numerous risks.
  • Competition, economic conditions and similar factors affecting us, and the real estate industry in general, could affect our performance.
  • Our business is susceptible to fluctuations in the real estate market of China, especially in certain areas of eastern China where a significant portion of our operations are concentrated, which may adversely affect our revenues and results of operations.
  • Our net income is generated primarily from an investment in one of our unconsolidated affiliates, and we are dependent upon advances and expected distributions from such affiliate to operate and grow our business and satisfy our liabilities.
  • Our business may be materially and adversely affected by government measures aimed at China’s real estate industry.
  • We operate in a highly competitive environment.
  • We may be unable to effectively manage our growth.
The other 37 risks
  • If we fail to successfully manage our planned expansion of operations, our growth prospects will be diminished and our operating expenses could exceed budgeted amounts.
  • We may be unable to maintain internal funds or obtain financing or renew credit facilities in the future.
  • We require substantial capital resources to fund our land use rights acquisition and property developments, which may not be available.
  • Our operations and growth prospects may be significantly impeded if we are unable to retain our key personnel or attract additional key personnel, particularly since experienced personnel and new skilled personnel are in short supply.
  • If our partnering developers experience financial or other difficulties, our business and revenues could be adversely affected.
  • We may fail to obtain, or may experience material delays in obtaining necessary government approvals for any major property development, which will adversely affect our business.
  • We may be unable to complete our property developments on time or at all.
  • If we fail to establish and maintain strategic relationships, the market acceptance of our services, and our profitability, may suffer.
  • We are subject to the risks associated with projects operated through joint ventures.
  • We are subject to risks relating to acts of God, terrorist activity and war.
  • A pandemic, epidemic or outbreak of an infectious disease in the markets in which we operate or that otherwise impacts our facilities or advisors could adversely impact our business and/or our ability to complete financial reports to enable us to comply with our reporting obligation under the Exchange Act.
  • We have limited business insurance coverage in China.
  • We may be affected by global climate change or by legal, regulatory, or market responses to such change.
  • Our real estate development operating results may not achieve our goals.
  • The staff of our accounting department lack training and experience in the accounting principles generally accepted in the United States (the “U.S. GAAP”), which may result in accounting errors in the financial statements that we file with the Securities and Exchange Commission (the “SEC”).
  • We have identified material weaknesses in our internal control over financial reporting. If we fail to develop or maintain an effective system of internal controls, we may not be able to accurately report our financial results and prevent fraud. As a result, current and potential stockholders could lose confidence in our financial statements, which would harm the trading price of our common stock.
  • RISKS RELATING TO OUR SECURITIES
  • Our controlling shareholders could take actions that are not in the public shareholders’ best interests.
  • Future sales of our common stock could adversely affect our stock price.
  • We are traded on the OTC Pink, which can be a volatile market.
  • We may be subject to exchange rate fluctuations.
  • Trading of our common stock is limited, which may make it difficult for investors to sell their shares at times and prices that investors feel appropriate.
  • There is a limited market for our common stock and an active trading market for our common stock may never develop.
  • Because it may be a “penny stock,” it will be more difficult for shareholders to sell shares of our common stock.
  • Our stock price is, and we expect it to remain, volatile, which could limit investors’ ability to sell stock at a profit.
  • We will not be able to control many of these factors, and we believe that period-to-period comparisons of our financial results will not necessarily be indicative of our future performance.
  • Because we do not pay cash dividends on a regular basis, investors will not realize any income from an investment in our common stock unless and until investors sell their shares at profit.
  • We paid a cash dividend of $0.15 per share on our common stocks on April 5, 2023. Investors should not rely on an investment in our stock if they require dividend income. Further, investors will only realize income on an investment in our stock in the event they sell or otherwise dispose of their shares at a price higher than the price they paid for their shares. Such a gain would result only from an increase in the market price of our common stocks, which is uncertain and unpredictable.
  • We intend to retain all of our earnings for use in our business and do not anticipate paying any cash dividends in the near future.
  • RISKS RELATING TO THE REAL ESTATE INDUSTRY IN YANGTZE DELTA AND OTHER AREAS OF THE PRC
  • The real estate market in Yangtze Delta and other areas of the PRC is at a developing one.
  • Local government may issue further restrictive measures.
  • We face increasing competition, which may adversely affect our revenues, profitability and results of operations.
  • Our future prospects are heavily dependent on the performance of property sectors in specific geographical areas.
  • Our revenues and operating income could be reduced by adverse conditions specific to our property locations.
  • RISKS RELATING TO THE PEOPLES REPUBLIC OF CHINA (“PRC”)
  • PRC economic, political policies and social conditions could adversely affect our business.
  • Changes in foreign exchange regulations may adversely affect our ability to pay dividends and could adversely affect our results of operations and financial condition.
  • Fluctuation of the Renminbi could materially affect the value of, and dividends payable on, the common stock.
  • The PRC Legal System Embodies Uncertainties
  • Our shareholders may not be able to enforce U.S. civil liabilities claims.

Legal proceedings

We are not a party to any legal proceeding that could reasonably be expected to have a material impact on our operations or finances. However, from time to time, we may become involved in various lawsuits and legal proceedings which arise in the ordinary course of business. Litigation is subject to inherent uncertainties, and an adverse result in any such matter may harm our business.

The opening of Item 3, Legal Proceedings.3

Sources

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    SEC EDGAROther events
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    SEC EDGAROther events
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