Sunrise Real Estate Group Inc (SRRE) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
SUITE 1502 SHANGHAI, - |
| State of Incorp. | TX |
| Fiscal Year End | December 31 |
| Industry (SIC) | 6513 - Operators of Apartment Buildings (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 9/30/2024 MRQ | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 46,959 | 44,162 | 38,792 | 65,382 | 43,720 | 67,107 | |||
| Cash and cash equivalents | 20,453 | 33,201 | 24,901 | 40,370 | 15,901 | 17,656 | |||
| Short-term investments | 26,506 | 10,961 | 13,891 | 25,013 | 27,819 | 49,451 | |||
| Restricted cash and investments | 2,724 | 43,869 | 73,011 | 56,051 | 8,383 | 1,551 | |||
| Receivables | 16,756 | 18,566 | 17,673 | 4,536 | 5,061 | 10,134 | |||
| Prepaid expense | 6,242 | 7,783 | 12,610 | 9,777 | 2,378 | 4,620 | |||
| Deferred rent asset | 719 | 736 | 804 | 819 | 41 | 39 | |||
| Deposits current assets | 115 | ||||||||
| Other undisclosed current assets | 91,103 | 120,657 | 178,744 | 166,327 | 86,248 | 64,459 | |||
| Total current assets: | 164,503 | 235,773 | 321,633 | 302,893 | 145,831 | 148,025 | |||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 728 | 1,001 | 1,238 | 1,385 | 1,204 | 1,099 | |||
| Long-term investments and receivables | 13,091 | 12,751 | 14,321 | 13,610 | 12,775 | 30,858 | |||
| Long-term investments | 13,091 | 12,751 | 14,321 | 13,610 | 12,775 | 30,858 | |||
| Intangible assets, net (including goodwill) | 1,243 | 1,856 | 1,690 | ||||||
| Goodwill | 1,243 | 1,856 | 1,690 | ||||||
| Deferred income tax assets | 853 | 955 | 381 | ✕ | |||||
| Other undisclosed noncurrent assets | 29,552 | 23,326 | 27,054 | 27,972 | 27,092 | 3,853 | |||
| Total noncurrent assets: | 43,372 | 38,321 | 45,322 | 45,613 | 41,452 | 35,810 | |||
| TOTAL ASSETS: | 207,875 | 274,095 | 366,955 | 348,506 | 187,283 | 183,835 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 27,293 | 35,130 | 36,895 | 22,263 | 6,106 | 13,414 | |||
| Interest and dividends payable | ✕ | ✕ | ✕ | 10,304 | 6,869 | ||||
| Taxes payable | ✕ | ✕ | ✕ | 1,089 | 1,481 | 1,420 | 945 | ||
| Employee-related liabilities | ✕ | ✕ | ✕ | 272 | 242 | 222 | 286 | ||
| Accounts payable | 24,885 | 22,373 | 25,120 | 20,448 | 4,348 | 5,268 | |||
| Accrued liabilities | 2,407 | 12,757 | 110 | 93 | 117 | 46 | |||
| Debt | 1,412 | 1,436 | 1,568 | 1,533 | 1,433 | 1,457 | |||
| Due to related parties | ✕ | ✕ | 49,731 | 21,015 | 54,848 | 1,978 | 2,281 | ||
| Other undisclosed current liabilities | 62,978 | 41,980 | 134,612 | 124,416 | 35,895 | 41,297 | |||
| Total current liabilities: | 91,683 | 128,278 | 194,090 | 203,060 | 45,412 | 58,449 | |||
| Noncurrent Liabilities | |||||||||
| Liabilities, other than long-term debt | 1,078 | 2,243 | 2,588 | 2,933 | 3,278 | ||||
| Accounts payable and accrued liabilities | 1,078 | 2,243 | 2,588 | 2,933 | 3,278 | ||||
| Other undisclosed noncurrent liabilities | 5,080 | 4,751 | 4,829 | ||||||
| Total noncurrent liabilities: | 1,078 | 2,243 | 7,668 | 7,685 | 8,108 | ||||
| Total liabilities: | 91,683 | 129,356 | 196,333 | 210,728 | 53,097 | 66,557 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 119,265 | 131,531 | 155,191 | 135,517 | 130,454 | 115,389 | |||
| Common stock | 687 | 687 | 687 | 687 | 687 | 687 | |||
| Additional paid in capital | 8,110 | 8,110 | 8,050 | 7,570 | 7,570 | 7,570 | |||
| Accumulated other comprehensive income (loss) | 7,312 | 9,447 | 24,738 | 22,982 | 13,677 | (2,790) | |||
| Retained earnings | 99,170 | 109,301 | 117,729 | 100,292 | 105,326 | 106,728 | |||
| Other undisclosed equity, attributable to parent | 3,987 | 3,987 | 3,987 | 3,987 | 3,195 | 3,195 | |||
| Equity, attributable to noncontrolling interest | (3,073) | 13,207 | 15,430 | 2,262 | 3,732 | 1,888 | |||
| Total equity: | 116,192 | 144,739 | 170,622 | 137,778 | 134,187 | 117,277 | |||
| TOTAL LIABILITIES AND EQUITY: | 207,875 | 274,095 | 366,955 | 348,506 | 187,283 | 183,835 | |||
Income Statement (P&L) ($ in thousands)
| 9/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 24,834 | 80,020 | 54,140 | 5,892 | 32,990 | 8,244 | ||
| Cost of revenue | (19,889) | (70,564) | (41,233) | (5,352) | (26,811) | (6,690) | ||
| Gross profit: | 4,944 | 9,456 | 12,907 | 539 | 6,179 | 1,554 | ||
| Operating expenses | (5,592) | (11,580) | (6,717) | (28,324) | (13,127) | (4,758) | ||
| Other undisclosed operating income | 34 | |||||||
| Operating income (loss): | (614) | (2,123) | 6,190 | (27,785) | (6,948) | (3,204) | ||
| Nonoperating income (expense) | (24,553) | (2,730) | 42,234 | 25,769 | 2,045 | 51,311 | ||
| Investment income, nonoperating | 832 | 691 | 936 | 583 | 152 | 42 | ||
| Other nonoperating income (expense) | (1,435) | (2,770) | 41,298 | 25,186 | 1,893 | 87 | ||
| Interest and debt expense | (2,142) | |||||||
| Income (loss) from continuing operations before equity method investments, income taxes: | (25,166) | (4,853) | 48,425 | (2,016) | (4,904) | 45,965 | ||
| Other undisclosed income from continuing operations before income taxes | 2,142 | |||||||
| Income (loss) from continuing operations before income taxes: | (25,166) | (4,853) | 48,425 | (2,016) | (4,904) | 48,107 | ||
| Income tax expense (benefit) | (1,095) | (4,543) | (2,140) | (2,227) | 384 | (1,574) | ||
| Income (loss) from continuing operations: | (26,262) | (9,396) | 46,284 | (4,243) | (4,520) | 46,534 | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | 46,284 | (4,243) | (4,520) | 46,534 | |
| Net income (loss): | (26,262) | (9,396) | 46,284 | (4,243) | (4,520) | 46,534 | ||
| Net income (loss) attributable to noncontrolling interest | 16,131 | 967 | (11,239) | 142 | 2,765 | 352 | ||
| Other undisclosed net loss attributable to parent | (142) | |||||||
| Net income (loss) available to common stockholders, diluted: | (10,131) | (8,429) | 35,045 | (4,243) | (1,755) | 46,885 | ||
Comprehensive Income ($ in thousands)
| 9/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (26,262) | (9,396) | 46,284 | (4,243) | (4,520) | 46,534 | ||
| Other comprehensive income (loss) | (2,284) | (16,547) | 3,687 | 7,834 | 73 | 5,986 | ||
| Other undisclosed comprehensive income (loss) | (6) | 21,003 | (11,971) | |||||
| Comprehensive income (loss): | (28,546) | (25,943) | 49,965 | 3,592 | 16,556 | 40,548 | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | 16,280 | 2,223 | (13,165) | 1,471 | (1,844) | 452 | ||
| Comprehensive income (loss), net of tax, attributable to parent: | (12,266) | (23,720) | 36,800 | 5,062 | 14,712 | 40,999 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.