Company Summary: Sunrise Real Estate Group, Inc.

Business Overview

• Primary Activities:

  • Real estate development in China
  • Property leasing services
  • Property management services
  • Property investment and sales
  • Financial activities including entity investment, fund management, and financial services

• Operational Structure:

  • Conducts operations mainly through its wholly owned subsidiaries in China:
    • CY-SRRE (holds interests in property development and agency businesses)
    • LRY (focuses on investment management and property agency services)
  • Key subsidiaries:
    • SHXJY (property consultancy and agency services)
    • SHSY (property agency, rental, and property management)
  • Owns and operates several property projects, including land acquisition and residential developments

Financial Highlights (2024)

• Total Operating Revenue:
  • Approximately $15.6 million
  • Generated mainly from property sales and property management
• Income:
  • Net loss: approximately $18.3 million
  • The loss increased from about $26.3 million in 2023
• Employees:
  • Total of 69 employees across various departments including executive, administrative, research & development, construction, sales, and management
• Revenue Breakdown:
  • House sales: 91% (~$14.2 million)
  • Property management: 9% (~$1.4 million)
• Major Revenue Sources:
  • Real estate projects in China, notably:
    • HATX project in Huai’an
    • Linyi project in Linyi
  • Revenue from real estate sales and rentals from developed properties
• Major Assets:
  • Real estate under development (~$64 million)
  • Investment properties (~$26.7 million)
  • Cash and equivalents (~$20 million)

Ownership & Affiliates

• Shareholders & Control:
  • Major shareholder: Ace Develop Properties, controlling 62.61% of common stock
  • Total outstanding shares: 68.7 million as of April 11, 2025
• Subsidiary & Affiliate Structure:
  • Operates through subsidiaries in China involving property development, land acquisition, property management and consulting
  • Owns significant interests in multiple projects, notably in Huai’an and Linyi
  • Consolidates revenue from controlled projects and affiliates

Key Business Goals & Strategy

• Focus on niche marketing alliances with mid-sized and smaller developers
• Expand through property investments and agency services
• Manage multiple ongoing residential development projects with significant land holdings and sales
• Diversify revenue streams with property management, leasing, and financial services

Employees & Customers

• Employees: approx. 69 staff members distributed across departments
• Customers:
  • Real estate developers and landowners (partners)
  • Homebuyers purchasing residential units
  • Commercial tenants in leasing properties
  • No specific number of customers provided

Financial Position & Results

• Revenue decreased by 37.2% compared to 2023
• Gross profit: around $2.1 million
• Operating loss: approximately $2.1 million
• The company faces ongoing losses and an accumulated deficit (~$90.4 million)
• Assets include properties under development, investment properties, and receivables

Summary

Sunrise Real Estate Group, Inc. is a US-incorporated holding company primarily engaged in real estate development, property leasing, management, and investment activities in China. It operates through multiple subsidiaries involved in property projects, land acquisitions, and consultancy services. It owns land and ongoing residential projects, with a focus on niche partnerships with smaller developers and a diversified portfolio of real estate assets. As of 2024, it has a workforce of approximately 69 employees and generated around $15.6 million in revenue, though it reports a significant net loss.