Sunrise Real Estate Group, Inc. (SRRE)

[Mistr Tommy]

SRRE DD packet. Just the numbers/facts

SRRE book value per share over the years (stockholders equity / outstanding shares)

2014
(-3,292,353)/ 68,691,925 = $-0.04792925806 per share

2015
(-9,711,025)/ 68,691,925 = $-0.1413706924 per share

2016
(17,066,520)/ 68,691,925 = $0.24845016353 per share

2017
(83,598,780)/ 68,691,925 = $1.21701029633 per share

Current (2018 after 6 months)
(110,049,229)/ 68,691,925 = $1.60206936987 per share

So SRRE book value has been increasing a little less than a dollar a year over the last 2 years and current book value is over 1$ more than current share price!

A lot of this has to do with SRREs winning equity investment in Shanghai Da Er Wei Trading Company Limited which i will refer to as SHDEW. SRRE bought 30% of SHDEW when it started back in 2013 and still owns 20% of the company. Here is SHDEWs historic numbers.

SHDEW 2014
Revenue: 2,062,232
Net profit: -860,154
Equity: 5,376,312

SHDEW 2015
Revenue: 30,559,569
Net Profit: 7,715,146
Equity: 11,780,768

SHDEW 2016
Revenue: $485,287,783
Net profit: $132,936,415
Equity: $145,667,618

SHDEW 2017
Revenue: $743,253,100
Net Profit: $342,843,033
Equity: $219,337,694

SHDEW 2018 through 6 months
Revenue: $410,887,510
Net Profit: $177,035,906
Equity: $396,214,174

So SRRE owns 20% of a company that is probably going to make over $800 million in rev, and $350 million in net profit just this year. Also note the huge equity jump of almost 180 million this year alone after just 6 months!

SRRE also is paying a cash dividend of .10 per share. At its current price of .60, that gives the dividend a yield of 16.666% which would make it one of the highest in the whole market. The ex dividend date is December 26th.