Sunrise Real Estate Group Inc (SRRE) Financial Statements (2023 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)

9/30/2021
TTM
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 65,38243,72067,10729,0238,693
Cash and cash equivalents 40,37015,90117,6565,8708,693
Short-term investments 25,01327,81949,45123,153 
Restricted cash and investments 56,0518,3831,5511,069305
Receivables 4,5365,06110,1344,8544,163
Prepaid expense 9,7772,3784,6204,6884,732
Deferred rent asset 81941397369
Deposits current assets   115121177
Other undisclosed current assets 166,32786,24864,45968,11678,203
Total current assets: 302,893145,831148,025107,94296,342
Noncurrent Assets
Property, plant and equipment 1,3851,2041,0991,2841,412
Long-term investments and receivables 13,61012,77530,85850,83037,181
Long-term investments 13,61012,77530,85850,83037,181
Intangible assets, net (including goodwill) 1,690    
Goodwill 1,690    
Deferred income tax assets 955381
Deferred tax assets, net 591338
Other undisclosed noncurrent assets 27,97227,0923,8534,2554,348
Total noncurrent assets: 45,61341,45235,81056,96143,280
TOTAL ASSETS: 348,506187,283183,835164,903139,621
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 22,2636,10613,4145,2693,981
Accounts payable 20,4484,3485,2683,7682,486
Accrued liabilities 9311746161276
Employee-related liabilities 242222286303792
Taxes payable 1,4811,4209451,038427
Interest and dividends payable   6,869  
Debt 1,5331,4331,4571,53014,799
Due to related parties 54,8481,9782,28123,84342,544
Customer advances and deposits41,46854,264
Other undisclosed current liabilities 124,41635,89541,2974972,185
Total current liabilities: 203,06045,41258,44972,608117,772
Noncurrent Liabilities
Liabilities, other than long-term debt 2,5882,9333,2783,623 
Accounts payable and accrued liabilities 2,5882,9333,2783,623 
Other undisclosed noncurrent liabilities 5,0804,7514,8295,0734,782
Total noncurrent liabilities: 7,6687,6858,1088,6964,782
Total liabilities: 210,72853,09766,55781,304122,555
Stockholders' equity
Stockholders' equity attributable to parent, including: 135,517130,454115,38981,25915,500
Common stock 687687687687687
Additional paid in capital 7,5707,5707,5707,5707,570
Accumulated other comprehensive income (loss) 22,98213,677(2,790)3,095474
Retained earnings 100,292105,326106,72868,9755,831
Other undisclosed stockholders' equity attributable to parent 3,9873,1953,195932938
Stockholders' equity attributable to noncontrolling interest 2,2623,7321,8882,3401,566
Total stockholders' equity: 137,778134,187117,27783,59917,067
TOTAL LIABILITIES AND EQUITY: 348,506187,283183,835164,903139,621

Income Statement (P&L) ($ in thousands)

9/30/2021
TTM
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues 5,89232,9908,24427,5565,201
Revenue, net27,5565,201
Cost of revenue (5,352)(26,811)(6,690)(22,574)(2,960)
Gross profit: 5396,1791,5544,9822,241
Operating expenses (28,324)(13,127)(4,758)(4,840)(5,874)
Operating income (loss): (27,785)(6,948)(3,204)142(3,633)
Nonoperating income 25,7692,04551,31166,87030,963
Investment income, nonoperating 5831524266,27430,066
Other nonoperating income 25,1861,893871,0203,102
Interest and debt expense   (2,142)(424)(2,206)
Other undisclosed income from continuing operations before equity method investments, income taxes    424 
Income (loss) from continuing operations before equity method investments, income taxes: (2,016)(4,904)45,96567,01225,124
Income from equity method investments    68,493 
Other undisclosed income (loss) from continuing operations before income taxes   2,142(68,493)5,839
Income (loss) from continuing operations before income taxes: (2,016)(4,904)48,10767,01230,963
Income tax expense (benefit) (2,227)384(1,574)(4,145)37
Income (loss) before gain (loss) on sale of properties: (4,243)(4,520)46,53462,86731,000
Other undisclosed net loss     (3,633)
Net income (loss): (4,243)(4,520)46,53462,86727,367
Net income (loss) attributable to noncontrolling interest 1422,765352(212)3,067
Other undisclosed net loss attributable to parent (142)    
Net income (loss) available to common stockholders, diluted: (4,243)(1,755)46,88562,65530,434

Comprehensive Income ($ in thousands)

9/30/2021
TTM
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net income (loss): (4,243)(4,520)46,53462,86727,367
Other comprehensive income (loss) 7,834735,986(3,196)664
Other undisclosed comprehensive income (loss)  21,003(11,971)6,392(1,328)
Comprehensive income: 3,59216,55640,54866,06326,703
Comprehensive income (loss), net of tax, attributable to noncontrolling interest 1,471(1,844)452(787)3,315
Comprehensive income, net of tax, attributable to parent: 5,06214,71240,99965,27630,019

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.

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