SUNRISE REAL ESTATE GROUP INC on its 10-Q reported first-quarter 2026 results with revenue of $679.83K and a net loss of ($2.71M), or diluted EPS of ($0.04), versus revenue of $9.79M and a net loss of ($914.61K) in the prior-year quarter.
Financial Highlights
MetricCurrent quarterPrior year quarterYoY changeRevenue¹$679.83K$9.79M(93.1%)Net income²($2.71M)($914.61K)(196.4%)Diluted EPS³($0.04)($0.01)(300%)¹ Reported as “Net revenues”. ² Reported as “Net income (loss) attributable to shareholders of Sunrise Real Estate Group, Inc.”. ³ Reported as “Earnings per share – basic and fully diluted”.
Business Highlights
- Revenue fell 93% year over year in Q1 2026, driven by a sharp decline in recognized house sales.
- Revenue mix shifted toward property management, which represented about 45% of Q1 revenue as house sales contribution dropped to 55%.
- Sales recognition slowed at the Linyi and HATX projects, with partial sell-through in certain phases and reduced recognized project sales.
- The company has diversified into skincare e-commerce (SHDEW) and expanded financial activities including fund management and investments.
- Cash was primarily used for property development, sales-related expenses and ongoing construction at the Linyi project.
Original SEC Filing:
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