Sunrise Real Estate Group reported fiscal 2025 net revenue of $13.28 million and a loss per share of $(0.12), with revenue declines driven mainly by lower house sales recognition. The company recorded a $21.423 million net loss that includes $17.688 million of other expenses such as impairments and interest, and operating loss widened as gross profit contracted. These results reflect reduced project closings and associated cash flow pressure during the year.
Financial Highlights
- Net revenues: $13.28 million, down 14.9% versus 2024 (from $15.61 million).
- Gross profit: $0.692 million, decreased from $2.114 million in 2024.
- Operating profit (loss): $(3.728) million, a larger loss compared with $(2.129) million in 2024.
- Net income: $(21.423) million, which includes $(17.688) million of total other expenses (impairments, interest, and related items).
- Earnings (loss) per share — basic and fully diluted: $(0.12) per share.
Business Highlights
- Revenue mix and trend: House sales accounted for approximately 91% of revenue but declined year-over-year, while property management contributed about 9% and also fell.
- Project recognition: Revenue and costs were tied to ongoing projects including HATX and Linyi; fewer HATX closings in 2025 reduced throughput and revenue recognition for the year.
- Operational margins and impairments: Lower house-sale margins contributed to contracted gross profit and wider operating loss, supplemented by impairments recorded as part of other expenses.
- Cash flow and receipts: Operating cash outflows increased reliance on project receipts and affiliate/dividend inflows; significant Fang Piao receivables were partially collected post-year end, improving subsequent cash collections.
Original SEC Filing:
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