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New words:
authorizedSHDEW, cashflow, closed, dissolution, dropped, fined, frin, frozen, Heibei, main, meeting, month, Pudong, unfrozen, winding
Financial report summary
?Risks
- SRRE is a holding company and depends on its subsidiaries’ cash flows to meet its obligations.
- Development of new business may stretch our cash flow and strain our operation efficiency.
- Our acquisition of new property may involve risks.
- Additional acquisitions might harm our business.
- Our real estate investments are subject to numerous risks.
- Competition, economic conditions and similar factors affecting us, and the real estate industry in general, could affect our performance.
- Our business is susceptible to fluctuations in the real estate market of China, especially in certain areas of eastern China where a significant portion of our operations are concentrated, which may adversely affect our revenues and results of operations.
- Our net income is generated primarily from an investment in one of our unconsolidated affiliates, and we are dependent upon advances and expected distributions from such affiliate to operate and grow our business and satisfy our liabilities.
- Our business may be materially and adversely affected by government measures aimed at China’s real estate industry.
- We operate in a highly competitive environment.
- We may be unable to effectively manage our growth.
- If we fail to successfully manage our planned expansion of operations, our growth prospects will be diminished and our operating expenses could exceed budgeted amounts.
- We may be unable to maintain internal funds or obtain financing or renew credit facilities in the future.
- We require substantial capital resources to fund our land use rights acquisition and property developments, which may not be available.
- Our operations and growth prospects may be significantly impeded if we are unable to retain our key personnel or attract additional key personnel, particularly since experienced personnel and new skilled personnel are in short supply.
- If our partnering developers experience financial or other difficulties, our business and revenues could be adversely affected.
- We may fail to obtain, or may experience material delays in obtaining necessary government approvals for any major property development, which will adversely affect our business.
- We may be unable to complete our property developments on time or at all.
- If we fail to establish and maintain strategic relationships, the market acceptance of our services, and our profitability, may suffer.
- We are subject to the risks associated with projects operated through joint ventures.
- We are subject to risks relating to acts of God, terrorist activity and war.
- A pandemic, epidemic or outbreak of an infectious disease in the markets in which we operate or that otherwise impacts our facilities or advisors could adversely impact our business and/or our ability to complete financial reports to enable us to comply with our reporting obligation under the Exchange Act.
- We have limited business insurance coverage in China.
- We may be affected by global climate change or by legal, regulatory, or market responses to such change.
- Our real estate development operating results may not achieve our goals.
- The staff of our accounting department lack training and experience in the accounting principles generally accepted in the United States (the “U.S. GAAP”), which may result in accounting errors in the financial statements that we file with the Securities and Exchange Commission (the “SEC”).
- We have identified material weaknesses in our internal control over financial reporting. If we fail to develop or maintain an effective system of internal controls, we may not be able to accurately report our financial results and prevent fraud. As a result, current and potential stockholders could lose confidence in our financial statements, which would harm the trading price of our common stock.
- Concerns about global warming could adversely affect our business.
- Our controlling shareholders could take actions that are not in the public shareholders’ best interests.
- Future sales of our common stock could adversely affect our stock price.
- We are traded on the OTC Pink, which can be a volatile market.
- We may be subject to exchange rate fluctuations.
- Trading of our common stock is limited, which may make it difficult for investors to sell their shares at times and prices that investors feel appropriate.
- There is a limited market for our common stock and an active trading market for our common stock may never develop.
- Because it may be a “penny stock,” it will be more difficult for shareholders to sell shares of our common stock.
- Our stock price is, and we expect it to remain, volatile, which could limit investors’ ability to sell stock at a profit.
- We will not be able to control many of these factors, and we believe that period-to-period comparisons of our financial results will not necessarily be indicative of our future performance.
- Because we do not pay cash dividends on a regular basis, investors will not realize any income from an investment in our common stock unless and until investors sell their shares at profit.
- We intend to retain all of our earnings for use in our business and do not anticipate paying any cash dividends in the near future.
- The real estate market in Yangtze Delta and other areas of the PRC is at a developing one.
- Local government may issue further restrictive measures.
- We face increasing competition, which may adversely affect our revenues, profitability and results of operations.
- Our future prospects are heavily dependent on the performance of property sectors in specific geographical areas.
- Our revenues and operating income could be reduced by adverse conditions specific to our property locations.
- Fluctuation of the Renminbi could materially affect the value of, and dividends payable on, the common stock.
- Changes in social conditions, political and economic policies of the PRC government may affect our business, financial condition and results of operations and may result in our inability to sustain our growth and expansion strategies.
Management Discussion
- We provide the following discussion and analyses of our changes in financial condition and results of operations for the period ended September 30, 2023 with comparisons to the period ended September 30, 2022.