OTC Bulletin Board
S & P Company Insight for SUNRISE REAL EST GRP |
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Profile
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| Business Summary: Sunrise Real Estate Group, Inc. provides property brokerage, real estate marketing, property leasing, and property management services in the People's Republic of China. The company was founded in 1996 and is based in Shanghai, the People's Republic of China. | | | Address
No 333 Zhaojiabang Rd Ste 701
Shanghai 200032
Phone: 86.21.6422.0505
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BDO Limited
Hong Kong | | Transfer Agent |
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Securities Transfer Corp.
| Employees: 261
ShareHolders: 594 | Founded: 1996
Domicile: Texas | | | |
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Background
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| Sunrise Real Estate Group, Inc. provides property brokerage, real estate marketing, property leasing, and property management services in the People's Republic of China. The company was founded in 1996 and is based in Shanghai, the People's Republic of China. | | History: INCORPORATED in Texas Oct. 11, 1996 as Parallax Entertainment, Inc. Name changed to Sunrise Real Estate Development Group, Inc. in December 2003; and to Sunrise Real Estate Group, Inc. May 23, 2006.
October 5, 2004, acquired Sunrise Real Estate Development Group, Inc. (Cayman Islands) for 5,000,000 Common shares, and also issued 10,000,000 shares of its Common stock in exchange for all shares of LIN RAY YANG Enterprise, Ltd. | | | | Subsidiaries: |
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Beijing Xin Ji Yang Real Estate Agency Co., Ltd.
LIN RAY YANG Enterprise, Ltd.
Shanghai Shang Yang Real Estate Consultation Company Limited
Shanghai Xin Ji Yang Real Estate Consultation Co. Ltd.
Sunrise Real Estate Development Group, Inc. (Cayman Islands)
Suzhou Gao Feng Hui Property Management Company Limited
Suzhou Xin Ji Yang Real Estate Agency Co., Ltd.
| | | | | | Capital Expenditures, thousand. US Dollars |
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| Year | Amount | | 2009 | 7 |
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Management
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Management
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| Officers | Position |
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| Chi-Jung Lin | Chairman, President & Chief Executive Officer | | Wen Yan Wang | Chief Financial Officer | | Chao Chin Lin | SR VP | | Chi-Yuan Chiu | SR VP | | Jun-Li Wang | Secretary |
| | Directors |
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| Ren Chen | | Xuan-Jie Fu | | Xiao-Gang Li | | Chao Chin Lin | | Chi-Jung Lin | | Hsin-Hung Lin | | Xi Zhang | | | |
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Annual Report
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| Annual Report |
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| | | Income Statement | |
| 2009 | 2008 |
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| REVENUES |
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| | Net Revenues | 13,110,590 | 8,075,193 | | EXPENSES |
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| | Cost of Revenues | (5,995,769) | (6,662,860) | | Selling, General and Administrative Expenses | (2,355,278) | (4,380,662) | | Operating Expenses | (968,520) | (1,286,701) | | Impairment Loss on Goodwill | (13,307) | - | | Interest Expense | (555,282) | (623,928) | | Interest Income | 3,557 | 13,199 | | Other Income, Net | 480,618 | 27,665 | | Earnings before Taxes | 3,706,610 | (4,838,094) | | TAXES AND OTHER EXPENSES |
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| | Provision for Income Tax | (201,057) | (1,164,307) | | Minority Interest (After Tax) | (230,169) | (26,506) | | Net Income (Loss) | 3,275,384 | (6,028,907) | | SUPPLEMENTARY INFO |
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| | Gross Profit/loss | 7,114,822.00 | 1,412,333.00 | | Operating Income (Loss) | 3,791,024.00 | (4,255,030.00) | | Basic EPS - Continuing Operations | 0.14 | (0.25) | | Diluted EPS - Continuing Operations | 0.14 | (0.25) |
| | | | Balance Sheet | |
| 2009 | 2008 |
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| CURRENT ASSETS |
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| | Cash and Cash Equivalents | 3,444,600 | 587,468 | | Accounts and Bills Receivable | 651,329 | 720,789 | | Other Receivables and Deposits | 177,001 | 322,095 | | Restricted Cash | - | 32,411 | | Promissory Deposits | 732,257 | 1,126,620 | | Total Current Assets | 5,005,187 | 2,789,383 | | NON CURRENT ASSETS |
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| | Investment Properties | 7,597,074 | 8,194,880 | | Plant and Equipment, Net | 2,291,995 | 2,650,023 | | Goodwill | - | 13,307 | | Total Assets | 14,894,260 | 13,647,590 | | CURRENT LIABILITIES |
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| | Accounts Payable | 316,064 | 340,353 | | Other Tax Payables | 384,290 | 593,899 | | Bank Loans | 205,032 | 6,044,893 | | Promissory Note Payable | 1,036,119 | 963,006 | | Income Tax Payable | 987,187 | 1,083,477 | | Other Payables and Accrued Expenses | 2,283,359 | 2,359,068 | | Amounts Due to Directors | 290,210 | 169,355 | | Amounts Due to Related Party | 127,996 | 127,900 | | Total Current Liabilities | 5,630,257 | 11,681,950 | | NON CURRENT LIABILITIES |
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| | Long-term Promissory Notes Payable | - | 11,111 | | Long-term Bank Loans | 8,054,831 | 204,840 | | Deposits Received from Underwriting Sales | 4,316,655 | 8,275,725 | | Minority Interest | 636,881 | 488,330 | | SHAREHOLDERS' EQUITY |
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| | Common Stock - Par Value | 236,919 | 236,919 | | Additional Paid in Capital | 3,620,008 | 3,620,008 | | (Accumulated Losses)/retained Earnings | (9,023,506) | (12,188,650) | | Statutory Reserves | 759,855 | 731,762 | | Accumulated Other Comprehensive Income | 662,356 | 585,595 | | Total Shareholders Equity | (3,744,368) | (7,014,364) | | Total Liabilities & Shareholders Equity | 14,894,260 | 13,647,590 |
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Interim Report
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| Interim Report
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| | | Data Not Available | | | | | | | | | |
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Pro Forma Report
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| Pro Forma Report
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| | | Data Not Available | | | | | | | | | |
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Quarterly Report
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| Quarterly Report Information
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| | | Quarterly Revenue, US$ |
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| Year | Quarter | Revenue | | 2009 |
1 | 1,500,000 | | 2009 |
Full Year
| 13,110,000 | | 2008 |
1 | 1,320,000 | | 2008 |
2 | 2,640,000 | | 2008 |
3 | 2,480,000 | | 2008 |
4 | 1,640,000 | | 2008 |
Full Year
| 8,080,000 | | 2007 |
1 | 1,140,000 | | 2007 |
2 | 1,520,000 | | 2007 |
3 | 1,820,000 | | 2007 |
4 | 3,630,000 | | 2007 |
Full Year
| 8,100,000 | | 2006 |
1 | 4,600,000 | | 2006 |
2 | 5,350,000 | | 2006 |
3 | 2,760,000 | | 2006 |
4 | 3,700,000 | | 2006 |
Full Year
| 16,420,000 | | 2005 |
1 | 1,870,000 | | 2005 |
2 | 2,360,000 | | 2005 |
3 | 1,980,000 | | 2005 |
4 | 4,670,000 | | 2005 |
Full Year
| 10,880,000 |
| | | | | | Quarterly Net Income, US$ |
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| Year | Quarter | Revenue | | 2010 |
1 | 1,020,000 | | 2009 |
1 | (480,000) | | 2009 |
2 | (370,000) | | 2009 |
3 | 2,440,000 | | 2009 |
4 | 1,690,000 | | 2009 |
Full Year
| 3,280,000 | | 2008 |
1 | (1,330,000) | | 2008 |
2 | (790,000) | | 2008 |
3 | (530,000) | | 2008 |
4 | (3,420,000) | | 2008 |
Full Year
| (6,030,000) | | 2007 |
2 | (1,430,000) | | 2007 |
3 | (1,580,000) | | 2007 |
4 | (370,000) | | 2007 |
Full Year
| (4,770,000) | | 2006 |
1 | 1,320,000 | | 2006 |
2 | 2,060,000 | | 2006 |
3 | 10,000 | | 2006 |
Full Year
| 3,657,900 | | 2005 |
1 | 500,000 | | 2005 |
2 | 570,000 | | 2005 |
3 | 140,000 | | 2005 |
Full Year
| 2,096,100 |
| | | | | | Quarterly EPS, US$ |
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| Year | Quarter | Revenue | | 2010 |
1 | .04 | | 2009 |
1 | (.02) | | 2009 |
2 | (.02) | | 2009 |
3 | .10 | | 2009 |
4 | .07 | | 2009 |
Full Year
| .14 | | 2008 |
1 | (.06) | | 2008 |
2 | (.03) | | 2008 |
3 | (.02) | | 2008 |
4 | (.14) | | 2008 |
Full Year
| (.25) | | 2007 |
1 | (.06) | | 2007 |
2 | (.06) | | 2007 |
3 | (.07) | | 2007 |
4 | (.02) | | 2007 |
Full Year
| (.20) | | 2006 |
1 | .06 | | 2006 |
2 | .09 | | 2006 |
3 | Nil | | 2006 |
4 | .01 | | 2006 |
Full Year
| .16 | | 2005 |
1 | .02 | | 2005 |
2 | .03 | | 2005 |
3 | .01 | | 2005 |
4 | .04 | | 2005 |
Full Year
| .10 |
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Stock Data
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| | | Capitalization as of 03/31/2010: | | | | | Authorized Shares | Outstanding Shares |
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| Common $0.01 par | 200,000,000 | 23,691,925 |
| | | | LONG TERM DEBT: $8,057,073. | | | | Common $0.01 par | | | |
Stockholders:
03/15/2010,
594.
| | PRINCIPAL STOCKHOLDERS: March 15, 2010, Lin Chi-Jung owned or controlled 38.1% of the Common. | | | |
Transfer Agent: Securities Transfer Corp.
Dallas
, TX | | | | OTC Bulletin Board( Primary): SRRE | | | | Exchange | Year | High | Low |
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| OTC Bulletin Board | 2009 | 1.0500 | 0.0300 | | OTC Bulletin Board | 2008 | 1.0000 | 0.0500 | | OTC Bulletin Board | 2007 | 1.2500 | 0.1500 | | OTC Bulletin Board | 2006 | 3.0000 | 0.2500 | | OTC Bulletin Board | 2005 | 5.0000 | 0.5100 | | OTC Bulletin Board | 2004 | 10.0100 | 3.0500 | | OTC Bulletin Board | 2003 | 6.5000 | 3.0500 | | OTC Bulletin Board | 2002 | 0.0050 | 0.0015 | | OTC Bulletin Board | 2001 | 0.1200 | 0.0025 |
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| | | | DIVIDENDS: Common $0.01 par: No cash.
Common split 20-for-1, Nov. 2, 2001.
Common reverse split 1-for-500, Jan. 28, 2003.
Common reverse split 1-for-5, Dec. 24, 2003.
Common $0.01 par 3% stock dividend, ex-July 30, 2007. | | | | | |
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