Sunrise Real Estate Group is a small U.S.-incorporated residential property developer operating entirely in mainland China. Sunrise acquires land use rights from local governments, develops residential housing, and sells completed units directly to homebuyers. Revenue is recognized upon unit delivery, so the pace and timing of construction directly drives financial results. Sunrise operates two active development projects: Tianxi Times in Huai'an, Jiangsu province, a large-scale residential development with two phases totaling 1,552 units; and a villa-style residential community in Linyi, Shandong province, developed across three phases. Sunrise focuses on second-tier Chinese cities, where it views competition from large national developers as less intense. The Huai'an project generates the large majority of revenue, with Linyi contributing most of the remainder. Sunrise also earns a modest recurring income stream by leasing unsold commercial units and office space in Suzhou. The company has only 58 employees and operates with a lean structure across its project subsidiaries. Sunrise also holds minority stakes in several non-real estate businesses, including trading, bio-tech, and media entities, but none of these contribute meaningful revenue.