SUNRISE REAL ESTATE GROUP INC (SRRE) Form 10-Q — May 20, 2026
Sunrise Real Estate Group reported a 93% year-over-year revenue decline to $679,834 for the first quarter of 2026, driven by significantly lower house sales recognition from its Linyi and Huai'an development projects. The company posted a net loss of $3.48 million, or $0.04 per share, though this was partially offset by a $4.31 million unrealized gain on equity securities. Cash and cash equivalents stood at $14.3 million, down from $16.8 million at the end of 2025. Management disclosed a continuing material weakness in internal controls related to accounting personnel's limited knowledge of U.S.
Key figures
- Revenue
- 679834
- Total Debt
- 61635617
- Total Assets
- 136537023
- Cash Position
- 14342048
- Shares Outstanding
- 68691925
- Unrealized gain equity securities
- 4310678
Price after filing
Close on the filing date to close N calendar days later (from $0.12). Historical, not a forecast.
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