10-K
Annual Report
SUNRISE REAL ESTATE GROUP INC
SRRE
NONE
CIK: 1083490
File #: 000-32585
Balance Sheet
71 line items · 2 periods
XBRL
| Item | Dec 31, 2025 | Dec 31, 2024 |
|---|---|---|
CONSOLIDATED BALANCE SHEETS | ||
ASSETS | ||
Current assets | ||
Cash and cash equivalents | 16,751,284 | 19,945,761 |
Restricted cash (Note 3) | 116,727 | 1,122,324 |
Transactional financial assets (Note 4) | 21,174,389 | 23,966,573 |
Wealth management investment products - Level 1 - Recurring | 2,665,447 | 7,372,801 |
Investment in transactional equity securities - Level 1 - Recurring | 18,508,942 | 16,593,772 |
Wealth management investment products - Recurring | 2,665,447 | 7,372,801 |
Level 1 - Recurring | 21,174,389 | 23,966,573 |
Investment in transactional equity securities - Recurring | 18,508,942 | 16,593,772 |
Recurring | 21,174,389 | 23,966,573 |
Bank wealth management investment products | 21,174,389 | 23,966,573 |
Accounts receivable, net (Note 5) | 7,511,486 | 328,427 |
Huaian Tianxi Real Estate Development | 7,479,421 | — |
Real estate property under development (Note 6) | 35,714,480 | 63,953,601 |
Amount due from unconsolidated affiliates (Note 10) | 15,616,299 | 15,964,637 |
Employees | 272,344 | 85,662 |
Other receivables and deposits, net (Note 7) | 5,757,294 | 8,249,209 |
Total current assets | 102,641,959 | 133,530,532 |
Property and equipment, net (Note 8) | 306,251 | 433,302 |
Investment properties, net (Note 9) | 24,331,944 | 26,721,490 |
Investments in unconsolidated affiliates (Note 10) | 13,715,866 | 13,381,808 |
SHZYT | 283,316 | — |
SHSFM | 35,894 | — |
SHTX | 28,454 | — |
SHMTH | 89,734 | — |
SHAY | 157,690 | — |
Shanghai Da Er Wei Trading Company Limited ("SHDEW") | 12,606,140 | — |
DEWSY | 231,322 | — |
Other investments, net (Note 11) | 312,152 | 632,373 |
ASU 2016-01 | 312,152 | 632,373 |
Total assets | 141,308,172 | 174,699,505 |
Operating Segments - Others | 27,983,644 | 37,620,032 |
Operating Segments - Real Estate Development | 65,993,261 | 90,606,276 |
Operating Segments - Property Brokerage Services | 12,128,860 | 8,492,443 |
Operating Segments - Investment Transaction | 35,202,407 | 37,980,754 |
Operating Segments | 141,308,172 | 174,699,505 |
LIABILITIES AND STOCKHOLDERS' EQUITY | ||
Current liabilities | ||
Promissory notes payable (Note 12) | 1,422,718 | 1,391,130 |
Accounts payable (Note14) | 14,585,403 | 16,871,500 |
Directors | 760,267 | 743,387 |
Affiliated Entity | 27,209,737 | 33,823,253 |
SHSJ, a shareholder of HATX | 26,706,145 | — |
JXSY | 503,592 | — |
Customer deposits (Note 15) | 17,105,723 | 17,502,037 |
Linyi project | 3,303,621 | — |
Huaian Tianxi Real Estate Development | 13,771,637 | — |
Other payables and accrued expenses (Note 17) | 2,857,269 | 7,109,119 |
Other taxes payable | 91,191 | 278,236 |
Income Taxes payable (Note 18) | 4,329 | 6,105 |
Total current liabilities | 64,036,637 | 77,724,767 |
Total liabilities | 64,036,637 | 77,724,767 |
Stockholders' equity | ||
Common stock, par value $0.01 per share; 200,000,000 shares Authorized; 68,691,925 and 68,691,925 shares issued and outstanding as of December 31, 2025 and 2024, respectively | 686,919 | 686,919 |
Additional paid-in capital | 8,110,008 | 8,110,008 |
Statutory reserve (Note 19) | 3,893,120 | 3,893,120 |
PRC subsidiary | 3,893,120 | — |
Retained earnings | 82,052,439 | 90,363,630 |
Accumulated other comprehensive income | 8,302,758 | 6,095,427 |
Total equity of Sunrise Real Estate Group, Inc. | 103,045,244 | 109,149,104 |
Non-controlling interests | (25,773,709) | (12,174,366) |
Total stockholders' equity | 77,271,535 | 96,974,738 |
Retained Earnings (Deficits) | 82,052,439 | 90,363,630 |
Non-controlling Interests | (25,773,709) | (12,174,366) |
Additional Paid-in Capital | 8,110,008 | 8,110,008 |
Accumulated Other Comprehensive Income | 8,302,758 | 6,095,427 |
Statutory Reserve | 3,893,120 | 3,893,120 |
Common Stock | 686,919 | 686,919 |
Total liabilities and stockholders' equity | 141,308,172 | 174,699,505 |