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$XIN,Xinyuan Real Estate Co Ltd ADR

Edited Transcript of XIN earnings conference call or presentation 18-May-17 12:00pm GMT

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Q1 2017 Xinyuan Real Estate Co Ltd Earnings Call

Henan Province May 18, 2017 (Thomson StreetEvents) — Edited Transcript of Xinyuan Real Estate Co Ltd earnings conference call or presentation Thursday, May 18, 2017 at 12:00:00pm GMT

TEXT version of Transcript

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Corporate Participants

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* Lizhou Zhang

Xinyuan Real Estate Co., Ltd. – CEO and Executive Director

* William Zima

ICR, LLC – Partner

* Yuan Zhang

Xinyuan Real Estate Co., Ltd. – CFO

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Conference Call Participants

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* Matthew Larson

* P. Kwan

Deutsche Bank AG, Research Division – Research Analyst

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Presentation

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Operator [1]

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Good day, everyone, and welcome to the Xinyuan Estate Company Ltd. First Quarter 2017 Earnings Conference Call. Please note that today’s call is being recorded.

I would now like to turn the conference over to Mr. Bill Zima of ICR. Please go ahead, sir.

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William Zima, ICR, LLC – Partner [2]

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Hello, everyone, and welcome to Xinyuan’s First Quarter 2017 Earnings Conference Call. The company’s first quarter earnings results were released earlier today and are available on the company’s IR website as well as on Newswire services.

Before we continue, please note that the discussion today will contain forward-looking statements made under the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements involve inherent risks and uncertainties. As such, our results will be materially different from the views expressed today. Further information regarding these and other risks and uncertainties are included in our registration statement and our Form 20-F and other documents filed with the U.S. Securities and Exchange Commission. Xinyuan does not assume any obligation to update any forward-looking statements, except as required under applicable law.

Today, you will hear from Mr. Lizhou Zhang, the company’s Chief Executive Officer, who will comment on our operating results. He will be followed by Ms. Helen Zhang, the company’s Chief Financial Officer, who’ll provide some additional color on Xinyuan’s performance, review the company’s financial results and discuss the financial outlook. Following management’s prepared remarks, we will open up the call to questions.

With that said, I would now like to turn the call over to Xinyuan’s CEO, Mr. Zhang. Please go ahead.

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Lizhou Zhang, Xinyuan Real Estate Co., Ltd. – CEO and Executive Director [3]

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Thank you, Bill. Good morning, and thank you all for joining our first quarter 2017 earnings conference call. We are pleased to report the first quarter 2017, the financial results were in line with expectations, despite ongoing government restriction policies. Contract sales grew 9% compared with Q1 last year and the revenue increased to 20% compared with the same quarter last year. These were driven by improved ASP and healthy sales from our New York-based Oosten project, which contributed over 20% of our total sales this quarter. The majority of our development projects in China performed in line with our budget in the first quarter, and we maintained caution with respect to unit sales volume and operating expenses activities, given the current environment.

We were pleased to refinance some our debt, which highlights our effort to improve our debt structure and manage interest payments over the longer term. While China’s regulatory environment has impacted the strength of our unit sales, we were — we are encouraged with our longer-term opportunities, and we’re executing important initiatives that will drive our financial performance as market conditions improved. We were also pleased to pay our 21st consecutive quarterly dividend and our recent $40 million share repurchase announcement demonstrates our commitment to deliver value for our shareholders.

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Now, please allow me to turn the call over to our CFO, Ms. Helen Zhang. Helen, please go ahead.

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Yuan Zhang, Xinyuan Real Estate Co., Ltd. – CFO [4]

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Thank you, Mr. Zhang. Hello everyone, and welcome to Xinyuan’s First Quarter 2017 Earnings Conference Call. Allow me to take you through the financial result for this quarter, further discuss our latest operations initiatives and conclude by updating you on financial outlook for Q2 this year.

sic) [CNY 8,839] in the same period last year. The ASP increase was due to the product mix of units sold and the company's strategic adjustment efforts to maintain pricing stability." data-reactid="57">Total first quarter revenue increased 19% to $281 million from $235 million in the first quarter of 2016. The revenue increase was driven by an increase in commercial sales as well as revenues from U.S.-based Oosten project. Contract sales increased 9% to $305 million from $280 million in the first quarter of 2016. Again, this is reflective of strong demand from commercial property which is not affected by the government’s price restriction. Sales in the U.S. totaled $55 million in the first quarter of 2017. The average selling price per square meter sold in China was about CNY 12,000 in the first quarter of 2017 compared to about CNY 8,800 (sic) [CNY 8,839] in the same period last year. The ASP increase was due to the product mix of units sold and the company’s strategic adjustment efforts to maintain pricing stability.

SG&A expenses as a percentage of total revenue decreased to 12.6% from 13.4% in the first quarter of 2016, due to our efforts to decrease operating expenses.

As a result of the above items, net income increased to $7.4 million from $6.9 million in the first quarter of 2016. Diluted net earnings per ADSs attributable to shareholders were $0.11 compared to $0.09 in the first quarter of 2016. The company repurchased about 1.4 million ADSs at a total cost of about $7.2 million in the first quarter of 2017.

Balance sheet. As of March 31, the company’s cash and cash equivalents, including restricted cash, increased to $1.2 billion from $900 million as of December 31, 2016. Total debt outstanding was $2.3 billion, an increase of $233 million compared to $2.1 billion at the end of fourth quarter of 2016. The balance of the company’s real estate property under development at end of the first quarter was $1.8 billion compared to $1.7 billion at the end of the fourth quarter of 2016.

Some project updates. During this first quarter of 2017, our Chinese projects continue on the track. We paid about CNY 1.3 billion on land acquisition or as equity to property funds in the first quarter for total of 6 projects, old and new. We also made good progress on our New York-based projects. Our Brooklyn-based, the Oosten project, has delivered 38 units with revenue of about $65 million. As of the end of this March, the total units sold and revenue of this project have reached 144 units and $217 million, respectively, and the construction loan has been completely paid off. Most closed buyers had moved in.

Our Midtown Manhattan project had completed demolition. Excavation and foundation work had begun. We successfully closed a $108 million construction loan from the major commercial bank.

For our Flushing, Queens project, the company has selected a general contractor and is in the planning stage of the ground-up development. We’re also in close discussion with several financial institutions regarding construction financing in order to commence constructions.

Commercial properties. Apart from our residential projects, we’re also delighted to report that our 2 major commercial properties located in Zhengzhou and Xi’an within total floor area of 60,000 square meters, are both enjoying an occupancy rate of around 95%, and we are working on 6 more commercial projects with the total floor area of 85,000 square meters during the course of 2017. Although, the accounting measurement of U.S. GAAP doesn’t allow us to book gain in fair value of investment properties, these commercial properties will contribute stable cash flow and broader reputation for the company.

Debt refinancing and subsidiary leasing. Since our last earnings call, we have made a contributed effort to improve our balance sheet. We completed our debt refinancing through an issuance of $300 million, 7.75% senior notes due in 2021 at the end of February to further optimize our financial structure. Later, our property management service entity, Xinyuan Technology Service Co., Ltd., celebrated its listing on the National Equities Exchange and Quotations in China. The listing on this enhances the company’s publicity and allows companies listed there to complete a private equity offering with institutions. By now, Xinyuan Technology Service has not committed any of its shares with institutional investors. And when such transactions occur in the future, the company is planning to remain as its controlling shareholder.

Now let’s move to dividend and share repurchase. During the first quarter, we repurchased about 1.5 million ADSs at a total cost of about $7.2 million. We also announced a cash dividend for the first quarter of 2017 of $0.05 per common share or $0.10 per ADS, which will be paid to investors before June 14 to shareholders of refer as of May 31, this year. We see our dividend policy as a long-term commitment for shareholders.

And now, let me spend some time talking about the risk and opportunities brought by ongoing restricted policies. The strict policy enforcement and tight credit controls is still taking place in key markets in China, especially Tier 1 cities, major Tier 2 cities and some of the satellite cities we used to benefit from upclass demand. Some latest restrictions were just published at end of March, including presales price control, transaction restriction suspension and higher threshold for both buyer mortgage and developer financing. While we are paying due attention to our risk exposures, we’re also actively seeking the best development opportunities in this round of challenge. Our inventory in top-tier cities is comparatively smaller. Our product are mainly for ready demand buyers rather than investors and speculators. We are more flexible on pricing. We have U.S. projects to act as strong supplement, and we have been enjoying the benefit of land auction land acquisitions at this moment by consolidating smaller project companies with adequate cash and improved financing cost.

And now, let’s come to financial forecast. As we look ahead, we continue to develop planning stage projects more cautiously, given the current environment. Yet still, our Q2 contract sales is expected to grow by 20% to 25% year-on-year, and we expect 65% of our total year sales to occur in the second half this year. As some cities just imposed the restrictions this past month, so its very possible government restrictions may last throughout the year. We believe our financial position is strong to weather the challenges and are in position to fulfill pent-up demand once the restrictions are lifted.

For the remaining quarters of the year, our goal is to generate positive cash flow from operations, focus on optimized pricing on our China and U.S.-based unit sales, commence presales on 4 to 5 of our new planning stage projects, complete select land acquisitions of merger and acquisition and move forward with the next stages of development for our New York-based projects.

And this concludes my prepared remarks for today’s call. And operator, we’re now ready for questions.

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Questions and Answers

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Operator [1]

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(Operator Instructions) We’ll take our first call from Matthew Larson from Morgan Stanley.

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Matthew Larson, [2]

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I guess, the only question I have, because I didn’t hear the whole conference call, was the most important announcement I think you put forth this quarter was that, you initiated a new $40 million share buyback, which is a pretty substantial by any measure, particularly because the float is a lot less than your market cap. I see you bought $1.7 million or so last quarter. Have you been able to execute any thus far in the second quarter, particularly since the stock price is right at its low?

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Yuan Zhang, Xinyuan Real Estate Co., Ltd. – CFO [3]

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Yes, we have plan to continue our buyback shares program in Q2. That depends on the management’s discretion and also the market circumstance.

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Matthew Larson, [4]

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Okay. Second of all, if you’ve touched on this on the call I apologize, on the Hudson Yards project that you’re breaking ground on, am I correct in saying that I read that your anchor tenant is Target and it represents perhaps the largest retail lease in all of Manhattan? Is that an accurate assessment?

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Yuan Zhang, Xinyuan Real Estate Co., Ltd. – CFO [5]

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Yes. We’ve talked about that in the previous quarters, you’re right.

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Matthew Larson, [6]

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Got you. That’s certainly something that you should and can market. It just further validates your strategy in diversifying here in Manhattan, because the — for the Houston projects sounded very well. It’s been — my hats off to you, you did very well. I’m calling from New York and I’ve seen it and I’m very familiar with how strong the sales have been. Question about the Flushing project. Is that still on the drawing board? Does that come after Hudson Yards? Or you’re going try and get that going simultaneously?

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Yuan Zhang, Xinyuan Real Estate Co., Ltd. – CFO [7]

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The Flushing, Queens project, actually is still developing on track. As we have talked about in the prepared remarks, we are talking with the — we’re in the selection of the general contractors and also talking with different financial institutions to lock in the construction loan.

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Matthew Larson, [8]

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Okay. Probably the last question. I’ve been investing in your company heavily for years. And frankly, you’ve done as a company pretty much everything one could expect. You’ve always bought back shares, you’ve raised the dividend, you’ve performed, frankly. The stock nonetheless trades at a big discount to what one would like to see. Over that time span, and particularly, in the last couple of years, you’ve done a number of large underwritings in the bond area. I think our firm might have had a hand in a couple of the private placements. The point is that, you as a firm are paying fees to investment banks. So I would assume you’d be the type of firm that might be able to get some research coverage at some point. I know, you’re small but just think if the stock price was 2 or 3 points higher where it clearly should be trading, I think it should be a lot more than that, but at the current level makes no sense. And one of the reasons might be there is no sponsorship of your firm. Is there any chance you could get some research coverage from some firms because of the low valuation and your longer track record?

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Yuan Zhang, Xinyuan Real Estate Co., Ltd. – CFO [9]

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We took a visit to the U.S. and I’m happy to tell you that, we have talked with some of the analysts and we’re going to have coverage from some of the U.S. firms. You’re going to see the report recently.

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Operator [10]

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(Operator Instructions) We’ll take our next question from Karen Kwan from Deutsche Bank.

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P. Kwan, Deutsche Bank AG, Research Division – Research Analyst [11]

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I’ve got a few questions. The first question is, recently, we have seen some press reports mentioning the tightened expense from NBRC for offshore bonds issuance. I’m wondering, given the fact that you have already issued USD 300 million bonds earlier this year, is there any quota left?

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Yuan Zhang, Xinyuan Real Estate Co., Ltd. – CFO [12]

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We have applied a quota up to $300 million at the beginning of this year, and we’re lucky enough to finish the issuance. So the quota has been used up.

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P. Kwan, Deutsche Bank AG, Research Division – Research Analyst [13]

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I see and then secondly…

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Yuan Zhang, Xinyuan Real Estate Co., Ltd. – CFO [14]

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We have enough U.S. currency with our payment level. We probably don’t have further plan to issue another bond this year.

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P. Kwan, Deutsche Bank AG, Research Division – Research Analyst [15]

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I see. And can you also let us know what was the capitalized interest in first quarter of 2017? And also given the tightened policy measures in some of the cities in China, what is management’s latest view on the outlook for second half property sales for the sector?

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Yuan Zhang, Xinyuan Real Estate Co., Ltd. – CFO [16]

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Personalized interest for Q1 2017 was around USD 43 million. And if you’re asking about the Q2 guidance will talk about the 20%, 25% over the same period last year.

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P. Kwan, Deutsche Bank AG, Research Division – Research Analyst [17]

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And do you think the property sales environment would be better in second half of this year or stable or a bit worse? Second half this year compared to first half?

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Yuan Zhang, Xinyuan Real Estate Co., Ltd. – CFO [18]

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I wouldn’t see there is in any signal of the restriction policy lifting in Q2. As we just talked about in the prepared remarks, some of the restriction policies in some other major cities just issued in March. So I think this restrictive policy may last for the remainder of the year but we’re hoping there might be some changes in Q3 or Q4 this year.

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Operator [19]

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And we’ll take our next question from [John Schagi], a private investor.

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Unidentified Participant, [20]

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Can you share some comments about your expectations for land acquisitions in 2017?

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Yuan Zhang, Xinyuan Real Estate Co., Ltd. – CFO [21]

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Our total budget for land acquisition for the whole year would be around USD 10 billion.

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Unidentified Participant, [22]

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Can you repeat the amount?

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Yuan Zhang, Xinyuan Real Estate Co., Ltd. – CFO [23]

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Well, USD 1 billion.

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Unidentified Participant, [24]

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Okay. That make more sense. And you mentioned in an earlier call that you chose to delay presales of some projects like in Tianjin with the market value substantially higher than the price committed for presale. Could you update those comments for the current situation?

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Yuan Zhang, Xinyuan Real Estate Co., Ltd. – CFO [25]

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I’m not sure which project you’re talking about. I guess probably you’re talking about the project in Tianjin?

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Unidentified Participant, [26]

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Yes. And earlier I think in the third quarter conference call, you said that, you are going to delay presales because the price permitted for the presale was below the fair market value. So are you continuing the delays? Or what is the outlook for that type of situation?

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Yuan Zhang, Xinyuan Real Estate Co., Ltd. – CFO [27]

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If you are talking about the Tianjin project, the presales is scheduled some time Q2.

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Unidentified Participant, [28]

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Okay. And is there an option complete developments and then sell them as finished properties that does not require presale permits and would not be subject to price limits?

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Yuan Zhang, Xinyuan Real Estate Co., Ltd. – CFO [29]

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According to the policy, yes, we can do so. But if we’re waiting for the project to be developed — to be completed and delivered to the customers, so that will be about 10 or 12 months later. So if we’re talking about cash inflow, that might be — given that it impacted the company and the cash level. So we need to take make a balance.

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Unidentified Participant, [30]

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Okay. And can you share your plans for how to use the company’s extremely large cash balance?

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Yuan Zhang, Xinyuan Real Estate Co., Ltd. – CFO [31]

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We’re going to make the operating cash positive and then start to establish a pool for land acquisition. But, of course, we will be very cautious under the current circumstances to see whether there is good opportunities here especially for merger and acquisition for smaller size project.

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Unidentified Participant, [32]

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So do you expect the cash balance to remain around this level? Or will you pay down some debt? Or will you use a substantial amount of the cash for land acquisitions?

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Yuan Zhang, Xinyuan Real Estate Co., Ltd. – CFO [33]

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We’ve talked about the budget for land acquisitions for the year, CNY 1 billion. I believe the cash balance will go up and down depending on the spending on the land acquisition, but we have our threshold and the line for the sitting balance — cash balance.

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Unidentified Participant, [34]

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So can you make any projection for what the cash balance might be around the end of the year?

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Yuan Zhang, Xinyuan Real Estate Co., Ltd. – CFO [35]

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I think it’s too early to talk about it, but my best expectation would be CNY 2 billion or CNY 3 billion.

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Unidentified Participant, [36]

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And in the second — in the first quarter, it looks like you did not book any presales at the Zhengzhou International New City project. So can you share your expectations for the schedule of sales launches at that project?

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Yuan Zhang, Xinyuan Real Estate Co., Ltd. – CFO [37]

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We’ve already got the presale permit for 2 parcels of land for that project and the second presales permit is going to be expected somewhere June. So we’re going to start a presales in Q2.

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Operator [38]

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And we’ll take our next question from Richard Geronimo, a private investor. We’re hearing no response. We’ll move on to our next question from [Craig Mary], a private investor.

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Unidentified Participant, [39]

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A couple questions. I was wondering if you could explain your drop in interest income? In the first quarter of last year was $8.5 million, last quarter, $6.1 million and this quarter $2.6 million.

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Yuan Zhang, Xinyuan Real Estate Co., Ltd. – CFO [40]

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Last year, we had some land acquisition deposit for Shenzhen and Zhengzhou project, and then, we didn’t acquire that land. So according to the contract — that has been working with a local developer and government. According to contract, we’ll have some interest income, therefore Q1 — for Q1, all the land acquisition deposit has been refunded. So there’s no — there’s less interest income.

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Unidentified Participant, [41]

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Okay. And then the second question is, has your subsidiaries been listed on the China exchanges? Or they still waiting to be listed?

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Yuan Zhang, Xinyuan Real Estate Co., Ltd. – CFO [42]

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The — Craig, we’re talking about is just for private equity offering. We’re still in the process of considering whether we’re going to have the company listed in Chinese market — in Chinese capital market or somewhere else.

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Unidentified Participant, [43]

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Okay. And when do you expect that to occur?

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Yuan Zhang, Xinyuan Real Estate Co., Ltd. – CFO [44]

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We’re still in discussion. There’s nothing material to report.

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Operator [45]

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There are no further questions. I’d like to turn the call back over to management for closing remarks.

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Yuan Zhang, Xinyuan Real Estate Co., Ltd. – CFO [46]

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Well, thank you all for joining us on today’s call and appreciate your ongoing support. We look forward to updating you on our progress in the coming weeks and months. So thank you, again.

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Operator [47]

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This concludes today’s presentation. Thank you for your participation. You may now disconnect.






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Xinyuan posts 1Q profit

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Year-To-Date Winners: We Have Found The Market And It's Apple

AP) _ Xinyuan Real Estate Co. (XIN) on Thursday reported first-quarter profit of $7.5 million." data-reactid="11">BEIJING (AP) _ Xinyuan Real Estate Co. (XIN) on Thursday reported first-quarter profit of $7.5 million.

On a per-share basis, the Beijing-based company said it had profit of 11 cents.

The real estate company posted revenue of $280.7 million in the period.

The company’s shares closed at $4.38. A year ago, they were trading at $5.02.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on XIN at https://www.zacks.com/ap/XIN

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Keywords: Xinyuan Real Estate, Earnings Report






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Xinyuan Real Estate Co., Ltd. Announces First Quarter 2017 Financial Results

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Year-To-Date Winners: We Have Found The Market And It's Apple

BEIJING, May 18, 2017 /PRNewswire/ — Xinyuan Real Estate Co., Ltd. (“Xinyuan” or the “Company”) (XIN), an NYSE-listed real estate developer and property manager primarily in China and recently in other countries, today announced its unaudited financial results for the first quarter ended March 31, 2017.

First Quarter 2017 Highlights

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  • Total first quarter revenue increased 19.2% to US$280.7 million from US$235.4 million in the first quarter of 2016.
  • Contract sales increased 9.2% to US$305.4 million from US$279.6 million in the first quarter of 2016.
  • Selling, General and Administrative (“SG&A”) expenses as a percent of total revenue decreased to 12.6% from 13.4% in the first quarter of 2016.
  • Net income was US$7.4 million, compared to US$6.9 million in the first quarter of 2016.
  • Diluted net earnings per American Depositary Share (“ADS”) attributable to shareholders were US$0.11, compared to US$0.09 in the first quarter of 2016.
  • The Company repurchased 1,367,400 ADSs at a total cost of approximately US$7.2 million in the first quarter of 2017.

Mr. Yong Zhang, Xinyuan’s Chairman, stated, “Our first quarter results were generally in line with our expectations under the current government’s restrictive policies impacting China’s overall housing market. We achieved approximately 20% revenue growth which was partially driven by improved average selling prices (“ASP”) as well as healthy sales from our Brooklyn, New York-based Oosten project, which contributed over 20% to our total sales this quarter. The majority of our development projects in China performed in line with our budget in the first quarter and we maintained a cautious approach to unit sales volume and operating expenses given the current environment. Among Xinyuan’s U.S. projects, our Oosten project has sold 38 units as of the end of the first quarter. Our second New York project, located in Manhattan, began excavation and foundation work, and our third New York project, located in Queens, continues to move through its planning stage for development. 

NEEQ) in China in this quarter, which we expect to provide better financing opportunities in the future." data-reactid="21">On the financing front, we closed our offering of US$300 million 7.75% senior notes due 2021 at the end of February to further optimize our financial structure. This transaction in the first quarter is reflective of our focus on improving our debt structure and managing interest payments over the longer term. In addition, our property management service entity, Xinyuan Technology Service Co., Ltd., successfully listed on National Equities Exchange and Quotations (NEEQ) in China in this quarter, which we expect to provide better financing opportunities in the future.

As we look ahead, we continue to develop our planning stage projects more cautiously given the current environment. For the remaining quarters of this year, our goal is to generate positive cash flows from our operations, optimize pricing of our China and U.S.-based unit sales, commence pre-sales for four to five of our new planning stage projects, complete select land acquisitions and move forward with the next stages of development for our New York City-based projects. We are pleased to pay our 21st consecutive quarterly dividend and our recent $40 million share repurchase announcement demonstrates our commitment to delivering value for our shareholders,” concluded Mr. Zhang.

First Quarter 2017 Financial Results

Contract Sales

Contract sales in China totaled US$240.8 million in the first quarter compared to US$279.6 million in the first quarter of 2016. The Company’s GFA sales in China were 140,300 square meters in the first quarter of 2017 compared to 206,600 square meters in the first quarter of 2016. The ASP per square meter sold in China was RMB11,820 (US$1,717) in the first quarter of 2017 compared to RMB8,839 (US$1,354) in the first quarter of 2016. The ASP increase was due to the product mix of units sold and the Company’s strategic adjustment efforts to maintain pricing stability. Contract sales in the United States totaled US$64.6 million in the first quarter of 2017.

Breakdown of GFA Sales and ASPs by Project in China

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Project

Q1 2016

Q4 2016

Q1 2017

Unsold

GFA

ASP

GFA

ASP

GFA

ASP

GFA

(m2 000)

(RMB)

(m2 000)

(RMB)

(m2 000)

(RMB)

(m2 000)

Zhengzhou Xin City

0.1

4,393

0.1

0.2

52,821

5.4

Zhengzhou Thriving Family

0.2

6,169

0.1

36,188

0.3

5,913

15.7

Xingyang Splendid I

0.5

5,249

3.4

7,221

6.2

6,626

29.2

Xingyang Splendid II

0.9

5,599

21.4

6,213

8.6

6,710

74.1

Kunshan Royal Palace

24.6

11,096

2.0

23,137

2.3

21,222

14.1

Suzhou Lake Royal Palace

15.2

16,718

6.1

21,464

2.8

19,906

14.3

Jinan Xinyuan Splendid

0.7

10,498

0.1

10,878

0.2

4,417

9.0

Jinan Royal Palace

13.3

5,985

29.1

8,798

22.4

9,280

178.1

Xuzhou Colorful City

2.0

11,256

2.5

11,791

1.7

15,131

49.9

Beijing Xindo Park

1.8

29,098

0.1

19,697

10.6

Chengdu Thriving Family

10.6

5,292

8.5

9,621

4.7

11,277

60.6

Changsha Xinyuan Splendid

24.6

5,486

12.1

9,461

9.7

9,050

52.9

Sanya Yazhou Bay No.1

2.7

12,723

26.3

15,432

73.7

Xi’an Metropolitan

25.9

6,407

19.4

10,781

3.1

8,889

74.8

Shanghai Royal Palace

5.2

24,649

1.9

37,475

-0.1

28,707

11.5

Zhengzhou Xindo Park

2.0

7,504

22.8

6,419

13.2

6,342

60.0

Jinan Xin Central

12.6

9,089

9.0

12,214

6.8

11,777

73.3

Henan Xin Central I

26.2

7,730

5.5

9,673

0.5

11,568

57.2

Zhengzhou Fancy City I

29.6

8,239

2.8

14,594

0.8

21,739

31.8

Zhengzhou Fancy City II
(South)

9.6

12,353

10.1

12,394

20.9

Tianjin Spring Royal Palace

12.8

9,032

2.4

6,934

-0.1

6,844

168.7

Kunshan Xindo Park

0.6

19,060

4.4

18,244

53.1

Zhengzhou International
New City I

48.6

10,717

0.9

10,834

309.8

Henan Xin Central II

9.0

10,920

15.0

10,955

85.8

Others

-0.4

0.5

0.2

3.2

Total

206.6

8,839

222.0

10,401

140.3

11,820

1,537.7

Revenue

In the first quarter of 2017, the Company’s total revenue increased 19.2% to US$280.7 million from US$235.4 million in the first quarter of 2016.

Gross Profit

South), Kunshan Xindo Park, Zhengzhou International New City I and Henan Xin Central II projects which began pre-sale after the first quarter of 2016." data-reactid="32">Gross profit for the first quarter of 2017 was US$62.6 million, or 22.3% of revenue, compared to a gross profit of US$48.9 million, or 20.8% of revenue, in the first quarter of 2016. Gross profit growth was driven by favorable sales at higher margin Zhengzhou Fancy City II (South), Kunshan Xindo Park, Zhengzhou International New City I and Henan Xin Central II projects which began pre-sale after the first quarter of 2016.

Selling, General and Administrative Expenses

SG&A expenses were US$35.5 million for the first quarter of 2017 compared to US$31.5 million for the first quarter of 2016. As a percentage of total revenue, SG&A expenses were 12.6% compared to 13.4% in the first quarter of 2016. SG&A expenses increased largely due to agency commissions  related to project delivery of New York Oosten.

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Net Income

Net income for the first quarter of 2017 was US$7.4 million compared to US$6.9 million for the first quarter of 2016. Net margin was 2.6%, compared to 2.9% in the first quarter of 2016. Diluted earnings per ADS were US$0.11, compared to US$0.09 per ADS in the first quarter of 2016.

Balance Sheet

As of March 31, 2017, the Company’s cash and cash equivalents (including restricted cash) increased to US$1,245.9 million from US$906.7 million as of December 31, 2016. Total debt outstanding was US$2,327.1 million, an increase of US$233.2 million, compared to US$2,093.9 million at the end of the fourth quarter of 2016. The balance of the Company’s real estate property under development at the end of the first quarter of 2017 was US$1,848.5 million, compared to US$1,719.1 million at the end of the fourth quarter of 2016.

Real Estate Project Status in China

Below is a summary table of projects that were active and available for sale in the first quarter of 2017.

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Project

GFA

Contract Sales

 Project
Cost %
Complete

(m2 000)

(US$ millions)

Total
Active
Project

Sold to
date

Total
Active
Project

Sales
to date

%
Sold

Zhengzhou Xin City

211.1

205.7

343.3

312.8

91.1%

98.0%

Zhengzhou Thriving Family

131.5

115.8

148.0

122.0

82.4%

92.9%

Xingyang Splendid I

117.3

88.1

90.2

68.2

75.6%

75.6%

Xingyang Splendid II

137.2

63.1

137.0

55.2

40.3%

56.1%

Kunshan Royal Palace

280.0

265.9

466.9

412.4

88.3%

94.3%

Suzhou Lake Royal Palace

169.6

155.3

357.2

286.0

80.1%

99.8%

Jinan Xinyuan Splendid

572.2

563.2

720.7

714.2

99.1%

99.5%

Jinan Royal Palace

449.6

271.5

636.6

276.2

43.4%

73.6%

Xuzhou Colorful City

130.2

80.3

192.7

110.0

57.1%

81.5%

Beijing Xindo Park

133.1

122.5

434.9

363.6

83.6%

100.0%

Chengdu Thriving Family

211.4

150.8

362.3

134.7

37.2%

95.5%

Changsha Xinyuan Splendid

251.7

198.8

344.2

183.7

53.4%

89.6%

Sanya Yazhou Bay No.1

117.2

43.5

287.7

90.5

31.5%

86.4%

Xi’an Metropolitan

290.7

215.9

458.5

222.9

48.6%

97.1%

Shanghai Royal Palace

57.8

46.3

272.4

169.6

62.3%

100.0%

Zhengzhou Xindo Park

144.4

84.4

191.9

89.5

46.6%

82.1%

Jinan Xin Central

194.7

121.4

347.1

174.6

50.3%

74.9%

Henan Xin Central I

262.2

205.0

350.4

241.8

69.0%

68.9%

Zhengzhou Fancy City I

166.8

135.0

229.1

168.8

73.7%

63.2%

Zhengzhou Fancy City II
(South)

84.1

63.2

141.9

95.6

67.4%

58.4%

Tianjin Spring Royal Palace

278.6

109.9

483.5

123.7

25.6%

39.4%

Kunshan Xindo Park

89.0

35.9

265.0

96.9

36.6%

65.2%

Zhengzhou International New
City I

360.7

50.9

647.1

79.3

12.3%

33.5%

Henan Xin Central II

109.8

24.0

178.1

38.2

21.4%

47.5%

Others remaining GFA

3.2

Total active projects

4,954.1

3,416.4

8,086.7

4,630.4

57.3%

76.4%

As of March 31, 2017, the Company’s total sellable GFA was approximately 2,501,600 square meters for active projects and under planning stage projects in China. Below is a summary of all of the Company’s planning stage projects:

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Unsold GFA

(m2 000)

Pre-sales

Scheduled

Zhengzhou Fancy City II (North)

119.6

Q3 2017

Zhengzhou International New City II

175.7

Q3 2017

Xingyang Splendid III

37.4

To be determined

Beijing Liyuan project

102.3

To be determined

Changsha Mulian Royal Palace (Changsha New project)

93.3

Q2 2017

Zhengzhou International New City III

345.6

To be determined

Changsha Renmin East Road project

90.0

To be determined

Total projects under planning

963.9

Total active projects

1,537.7

Total of all Xinyuan projects in China

2,501.6

Real Estate Project Update in the United States

In the first quarter of 2017, our Brooklyn, New York-based Oosten project delivered 38 units with revenue of approximately $65 million. As of the end of March 2017, total units sold and revenue of this project had reached 144 units and $217 million, respectively, and the construction loan had been completely paid off. Most closed buyers had moved in. Also during the first quarter, local market demand and price trends remained healthy in both Manhattan and Brooklyn. Both saw modest year-on-year unit price increases with Brooklyn enjoying slightly higher increases. We also observed a meaningful drop in new condominium inventory year-on-year and quarter-on-quarter in both Manhattan and Brooklyn. In particular, Brooklyn new development condo unit inventory saw a 22% quarter-on-quarter decrease during the first quarter.

Xinyuan’s second New York project, located in midtown Manhattan, had completed demolition, and excavation and foundation work had begun. In the first quarter, the Company successfully closed a $108 million construction loan from a major commercial bank.

For our project located in Queens, New York, the company has selected a general contractor and is in the planning stage of the ground-up development. We are also in discussions with several financial institutions regarding construction financing in order to commence construction.

Conference Call Information

The Company will hold a conference call at 8:00 am ET on May 18, 2017 to discuss first quarter 2017 results. Listeners may access the call by dialing:

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US:

1-877-723-9517

China:

86-400-120-2694

International:

1-719-325-4771

A webcast will also be available through the Company’s investor relations website at http://ir.xyre.com.

A replay of the call will be available through May 25, 2017 by dialing:

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US:

1-844-512-2921

International: 

1-412-317-6671

Access code:

3753482

About Xinyuan Real Estate Co., Ltd.

Xinyuan Real Estate Co., Ltd. (“Xinyuan”) is an NYSE-listed real estate developer and property manager primarily in China and recently in other countries. In China, Xinyuan develops and manages large scale, high quality real estate projects in over ten tier one and tier two cities, including Beijing, Shanghai, Zhengzhou, Jinan, Xi’an, Suzhou, among others. Xinyuan was one of the first Chinese real estate developers to enter the U.S. market and over the past few years has been active in real estate development in New York. Xinyuan aims to provide comfortable and convenient real estate related products and services to middle-class consumers. For more information, please visit http://www.xyre.com.

Forward Looking Statements

Certain statements in this press release constitute “forward-looking statements”. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements includes statements about estimated financial performance and  sales performance and activity, among others, and can generally be identified by terminology such as “will”, “expects”, “anticipates”, “future”, “intends”, “plans”, “believes”, “estimates” and similar statements. Statements that are not historical statements are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties that could cause actual results to differ materially from those projected or anticipated, including, but not limited to, our ability to continue to implement our business model successfully; our ability to secure adequate financing for our project development; our ability to successfully sell or complete our property projects under construction and planning; our ability to enter successfully into new geographic markets and new business lines and expand our operations; the marketing and sales ability of our third-party sales agents; the performance of our third-party contractors; the impact of laws, regulations and policies relating to real estate developers and the real estate industry in the countries in which we operate; our ability to obtain permits and licenses to carry on our business in compliance with applicable laws and regulations; competition from other real estate developers; the growth of the real estate industry in the markets in which we operate; fluctuations in general economic and business conditions in the markets in which we operate; and other risks outlined in our public filings with the Securities and Exchange Commission, including our annual report on Form 20-F for the year ended December 31, 2016. Except as required by law, we undertake no obligation to update or review publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statement is made.

Notes to Unaudited Financial Information

This release contains unaudited financial information which is subject to year-end audit adjustments. Adjustments to the financial statements may be identified when the audit work is completed, which could result in significant differences between our audited financial statements and this unaudited financial information.

For more information, please contact:

In China:

Xinyuan Real Estate Co., Ltd.
Mr. Joe Xu
Investor Relations Deputy Director
Tel: +86 (10) 8588-9376
Email: irteam@xyre.com

ICR, LLC
In U.S.: +1-646-308-1472
In China: +86 (10) 6583-7511
Email: William.zima@icrinc.com

Media:
Edmond Lococo
In China: +86 (10) 6583-7510
Email: Edmond.Lococo@icrinc.com

 

 

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XINYUAN REAL ESTATE CO., LTD. AND ITS SUBSIDIARIES

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(All US$ amounts and number of shares data in thousands, except per share data)

Three months ended

March 31,

December 31,

March 31,

2017

2016

2016

(unaudited)

(unaudited)

(unaudited)

Total revenue

280,714

505,340

235,384

Total costs of revenue

(218,147)

(378,507)

(186,490)

Gross profit

62,567

126,833

48,894

Selling and distribution expenses

(10,488)

(22,058)

(8,121)

General and administrative expenses

(25,017)

(30,226)

(23,408)

Operating income

27,062

74,549

17,365

Interest income

2,599

6,107

8,471

Interest expense

(9,325)

(13,236)

(5,000)

Net realized gain on short-term investments

588

198

109

Unrealized gain/(loss) on short-term investments

1,254

(623)

920

Other income

159

459

7

Loss on extinguishment of debt

(12,124)

Exchange (loss)/gains

(51)

261

54

Share of (loss)/gain of equity investees

(243)

(138)

42

Income from operations before income taxes

22,043

55,453

21,968

Income taxes

(14,625)

(38,735)

(15,073)

Net income

7,418

16,718

6,895

Net income attributable to non-controlling interest

42

(4,588)

(776)

Net income attributable to Xinyuan Real Estate Co., Ltd. shareholders

7,460

12,130

6,119

Earnings per ADS:

Basic

0.12

0.18

0.09

Diluted

0.11

0.18

0.09

ADS used in computation:

Basic

63,995

65,960

68,613

Diluted

64,944

68,928

71,345

 

 

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XINYUAN REAL ESTATE CO., LTD. AND ITS SUBSIDIARIES

CONDENSED CONSOLIDATED BALANCE SHEETS

(All US$ amounts and number of shares data in thousands)

March 31,

December 31,

2017

2016

(unaudited)

(audited)

ASSETS

Current assets

Cash and cash equivalents

916,029

578,244

Restricted cash

329,909

328,499

Short-term investments

41,113

39,311

Accounts receivable

26,884

32,704

Other receivables

31,804

31,822

Deposits for land use rights

100,804

153,252

Other deposits and prepayments

276,914

525,263

Advances to suppliers

30,433

27,457

Real estate properties development completed

429,254

477,179

Real estate properties under development

1,848,471

1,719,135

Amounts due from related parties

20,284

17,732

Amounts due from employees

2,277

621

Other current assets

140

226

Total current assets

4,054,316

3,931,445

Real estate properties held for lease, net

163,541

159,874

Property and equipment, net

33,610

34,090

Other long-term investment

8,938

242

Investment in joint ventures

7,541

7,556

Deferred tax assets

49,701

49,690

Deposits for land use rights

28,988

28,831

Other assets

24,740

24,717

TOTAL ASSETS

4,371,375

4,236,445

 

 

4px) My(1.4em) Ov(a) canvas-atom" data-type="table" data-reactid="83">

XINYUAN REAL ESTATE CO., LTD. AND ITS SUBSIDIARIES

CONDENSED CONSOLIDATED BALANCE SHEETS

(All US$ amounts and number of shares data in thousands)

March 31,

December 31,

2017

2016

(unaudited)

(audited)

LIABILITIES AND

SHAREHOLDERS’ EQUITY

Current liabilities

Accounts payable and notes payable

423,413

524,663

Short-term bank loans and other debt

130,448

178,576

Customer deposits

168,829

150,545

Income tax payable

106,396

120,573

Other payables and accrued liabilities

208,466

199,661

Payroll and welfare payable

4,626

19,522

Current portion of long-term bank loans and other debt

574,802

704,695

Current maturities of capital lease obligations

3,945

3,923

Mandatorily redeemable non-controlling interests

12,614

Amounts due to related parties

67,949

66,230

Total current liabilities

1,688,874

1,981,002

Non- current liabilities

Long-term bank loans

350,887

235,885

Other long term debt

1,270,978

974,791

Deferred tax liabilities

105,086

93,107

Unrecognized tax benefits

20,492

20,492

Capital lease obligations, net of current maturities

14,876

15,016

TOTAL LIABILITIES

3,451,193

3,320,293

Shareholders’ equity

Common shares

16

16

Treasury shares

(60,915)

(53,734)

Additional paid-in capital

539,763

538,414

Statutory reserves

95,965

95,973

Retained earnings

354,905

354,274

Accumulated other comprehensive income

(30,652)

(34,683)

Total Xinyuan Real Estate Co., Ltd. shareholders’ equity

899,082

900,260

Non-controlling interest

21,100

15,892

Total equity

920,182

916,152

TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY

4,371,375

4,236,445

 

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/xinyuan-real-estate-co-ltd-announces-first-quarter-2017-financial-results-300459837.html






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Xinyuan Real Estate Co., Ltd. Announces First Quarterly Dividend for 2017

This post was originally published on this site



Year-To-Date Winners: We Have Found The Market And It's Apple

BEIJING, May 18, 2017 /PRNewswire/ — Xinyuan Real Estate Co., Ltd. (“Xinyuan”) (XIN), an NYSE-listed real estate developer and property manager primarily in China and in other countries, today announced that its Board of Directors has declared a cash dividend for the first quarter of 2017 of US$0.05 per common share, or US$0.10 per American Depositary Share (“ADS”), which will be payable before June 14, 2017 to shareholders of record as of May 31, 2017.

About Xinyuan Real Estate Co., Ltd.

Xinyuan Real Estate Co., Ltd. (“Xinyuan”) is an NYSE-listed real estate developer and property manager primarily in China and in other countries. In China, Xinyuan develops and manages large scale, high quality real estate projects in over ten tier one and tier two cities, including Beijing, Shanghai, Zhengzhou, Jinan, Xi’an, Suzhou, among others. Xinyuan was one of the first Chinese real estate developers to enter the U.S. market and over the past few years has been active in real estate development in New York. Xinyuan aims to provide comfortable and convenient real estate related products and services to middle-class consumers. For more information, please visit http://www.xyre.com.

Safe Harbor Statement

Certain statements in this press release constitute “forward-looking statements”. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements includes statements about estimated financial performance, sales performance and activity, among others and can generally be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. Statements that are not historical statements are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties that could cause actual results to differ materially from those projected or anticipated, including, but not limited to, our ability to continue to implement our business model successfully; our ability to secure adequate financing for our project development; our ability to successfully sell or complete our property projects under construction and planning; our ability to enter into new geographic markets and expand our operations; the marketing and sales ability of our third-party sales agents; the performance of our third-party contractors; the impact of laws, regulations and policies relating to real estate developers and the real estate industry in the countries in which we operate; our ability to obtain permits and licenses to carry on our business in compliance with applicable laws and regulations; competition from other real estate developers; the growth of the real estate industry in the markets in which we operate; fluctuations in general economic and business conditions in the markets in which we operate; and other risks outlined in our public filings with the Securities and Exchange Commission, including our annual report on Form 20-F for the year ended December 31, 2016. Except as required by law, we undertake no obligation to update or review publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statement is made.

For more information, please contact:

In China:

Xinyuan Real Estate Co., Ltd.
Mr. Joe Xu
Investor Relations Deputy Director
Tel: +86 (10) 8588-9376
Email: irteam@xyre.com

ICR, LLC
William Zima
In U.S.: +1-646-308-1472
In China: +86 (10) 6583-7511
Email: William.zima@icrinc.com

Media:
Edmond Lococo
In China: +86 (10) 6583-7510
Email: Edmond.Lococo@icrinc.com

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/xinyuan-real-estate-co-ltd-announces-first-quarterly-dividend-for-2017-300459835.html






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Xinyuan Real Estate Co., Ltd. to Report First Quarter 2017 Financial Results on May 18, 2017

This post was originally published on this site



Year-To-Date Winners: We Have Found The Market And It's Apple

BEIJING, May 9, 2017 /PRNewswire/ — Xinyuan Real Estate Co., Ltd. (“Xinyuan” or the “Company”) (XIN), an NYSE-listed real estate developer and property manager primarily in China and in other countries, today announced that it plans to release its first quarter 2017 financial results on Thursday, May 18, 2017, before the U.S. market opens.

The Company will hold a conference call at 8:00am ET on May 18, 2017 to discuss its first quarter 2017 results. Listeners may access the call by dialing:

US Toll Free: 1-877-723-9517

China: +86-400-120-2694

International: 1-719-325-4771

A webcast will also be available through the Company’s investor relations website at http://ir.xyre.com.

A replay of the call will be available through May 25, 2017 by dialing:

US: 1-844-512-2921

International: 1-412-317-6671

Access code: 3753482

About Xinyuan Real Estate Co., Ltd.

Xinyuan Real Estate Co., Ltd. (“Xinyuan”) is an NYSE-listed real estate developer and property manager primarily in China and in other countries. In China, the Company develops and manages large scale, high quality real estate projects in over ten tier one and tier two cities, including Beijing, Shanghai, Zhengzhou, Jinan, Xi’an, Suzhou, among others. Xinyuan was one of the first Chinese real estate developers to enter the U.S. market and over the past few years has been active in real estate development in New York. The Company aims to provide comfortable and convenient real estate related products and services to middle-class consumers. For more information, please visit http://www.xyre.com.

For more information, please contact:

Xinyuan Real Estate Co., Ltd.
Mr. Joe Xu
Investor Relations Deputy Director
Tel: +86 (10) 8588-9376
Email: irteam@xyre.com

ICR, LLC
Investors:
William Zima
In U.S.: +1-646-308-1472
In China: +86 (10) 6583 7511
Email: William.zima@icrinc.com

Media:
Edmond Lococo
In China: +86 (10) 6583-7510
Email: Edmond.Lococo@icrinc.com

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/xinyuan-real-estate-co-ltd-to-report-first-quarter-2017-financial-results-on-may-18-2017-300453964.html






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Xinyuan’s Oosten Project Ranked Among Top 10 Best-Selling NYC Buildings in Q1 2017

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Year-To-Date Winners: We Have Found The Market And It's Apple

BEIJING, May 8, 2017 /PRNewswire/ — The Oosten project in Brooklyn, developed by XIN Development Group International, Inc., the U.S. development arm of Xinyuan Real Estate Co., Ltd. (“Xinyuan” or “the Company”) (XIN), an NYSE-listed real estate developer and property manager primarily in China and recently in other countries, was named one of the “Top 10 Best-Selling NYC Buildings in Q1 2017” by PropertyShark.

The Oosten, in the Williamsburg section of Brooklyn, was ranked 5th among the top 10 by PropertyShark, with 37 units sold in the first quarter of 2017 (as disclosed by PropertyShark). The strong showing reinforces Oosten’s notable performance in 2016, when it closed sales of another 100 units, PropertyShark said. PropertyShark is a leading property research tool for real estate professionals, investors and homebuyers in New York, and other major US markets. The ranking of top 10 best-selling NYC buildings was based on all sales closed between January 1st and March 31st 2017.

Xinyuan acquired the land for the Oosten at the end of 2012, and has since transformed an entire city block of raw land parcel into a state-of-the-art, modern land mark.

“We are pleased with the performance of the Oosten project, which is our first residential real estate development in New York City,” said CFO Helen Zhang. “With the success of the Oosten, we are expanding our investment in the residential market in New York City with the Hudson Garden project in Midtown Manhattan and the landmark RKO KEITH’S Theater project in Queens.”

The Oosten, located at Kent Avenue and South 8th Street in Williamsburg, has good views of downtown Manhattan and is a short distance from the Wall Street financial district. Williamsburg is one of the most culturally exciting neighborhoods in all of New York. The waterfront district, where Oosten is situated, is just one subway stop from Manhattan, seconds from the East River Ferry and right at the base of the Williamsburg Bridge. Abundant bike lanes nearby allow bikers to travel into Lower Manhattan and neighboring areas.

The building has 216 units with seven different unit typologies (townhomes, duplex homes, 1-, 2-, & 3-bedrooms, lofts, and duplex penthouses). Approximately 80% of the Oosten’s total units had been pre-sold as of Dec. 31, 2016.

About Xinyuan Real Estate Co., Ltd.

Xinyuan Real Estate Co., Ltd. (“Xinyuan”) is an NYSE-listed real estate developer and property manager primarily in China and in other countries. In China, the Company develops and manages large scale, high quality real estate projects in over ten tier one and tier two cities, including Beijing, Shanghai, Zhengzhou, Jinan, Xi’an, Suzhou, among others. Xinyuan was one of the first Chinese real estate developers to enter the U.S. market and over the past few years has been active in real estate development in New York. The Company aims to provide comfortable and convenient real estate related products and services to middle-class consumers. For more information, please visit http://www.xyre.com.

Safe Harbor Statement

Certain statements in this press release constitute “forward-looking statements”. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements includes statements about intended use of proceeds and can generally be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. Statements that are not historical statements are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties that could cause actual results to differ materially from those projected or anticipated, including, but not limited to, our ability to continue to implement our business model successfully; our ability to secure adequate financing for our project development; our ability to successfully sell or complete our property projects under construction and planning; our ability to enter into new geographic markets or business lines and expand our operations; the marketing and sales ability of our third-party sales agents; the performance of our third-party contractors; the impact of laws, regulations and policies relating to real estate developers and the real estate industry in the countries in which we operate; our ability to obtain permits and licenses to carry on our business in compliance with applicable laws and regulations; competition from other real estate developers; the growth of the real estate industry in the markets in which we operate; fluctuations in general economic and business conditions in the markets in which we operate; and other risks outlined in our public filings with the Securities and Exchange Commission, including our annual report on Form 20-F for the year ended December 31, 2016. Except as required by law, we undertake no obligation to update or review publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statement is made.






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ETFs with exposure to Xinyuan Real Estate Co. Ltd. : April 24, 2017

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Year-To-Date Winners: We Have Found The Market And It's Apple

ETFs with exposure to Xinyuan Real Estate Co. Ltd.

Here are 5 ETFs with the largest exposure to XIN-US. Comparing the performance and risk of Xinyuan Real Estate Co. Ltd. with the ETFs that have exposure to it gives us some ETF choices that could give us similar returns with lower volatility.

Ticker Fund Name XIN-US Exposure (%) 1 Year Price Performance (%) 1 Year Volatility (%) Net Expense Ratio (%) Number of Holdings
XGC-CN iShares Global Completion Portfolio Builder Fund 8.8 6.95 6.3 0.73 19
XCR-CN iShares Conservative Core Portfolio Builder Fund 2.96 2.69 4.13 0.63 19
XGR-CN iShares Growth Core Portfolio Builder Fund 2.43 5.44 5.51 0.62 25
HGI-US Guggenheim International Multi-Asset Income ETF 0.99 7.98 15.32 0.7 151
FWDI-US Madrona International ETF 0.7 7.36 26.78 1.25 87
XIN-US Xinyuan Real Estate Co. Ltd. 100 -10.25 0.64 0 1

Use our ETF screener to find ETFs that hold XIN-US along with other stocks

ETFs with exposure to stocks in the same focus area as Xinyuan Real Estate Co. Ltd..

Here are 5 ETFs with the largest exposure to stocks in the same focus area and region as XIN-US. These ETFs may not have the highest percentage of Xinyuan Real Estate Co. Ltd., but offer a broader sector/region exposure further minimizing single stock risk. Comparing the performance and risk of Xinyuan Real Estate Co. Ltd. with the ETFs that have exposure to it gives us some ETF choices that could give us similar returns with lower volatility.

Ticker Fund Name XIN-US Exposure (%) Sector Exposure (%) 1 Year Price Performance (%) 1 Year Volatility (%) Net Expense Ratio (%) Number of Holdings
RWR-US SPDR Dow Jones REIT ETF 0 16.02 0.37 14.61 0.25 106
SCHH-US Schwab U.S. REIT ETF 0 15.91 1.86 14.52 0.07 117
WREI-US Wilshire US REIT ETF 0 15.64 2.82 15.86 0.32 117
FRI-US First Trust S&P REIT Index Fund 0 14.96 2.22 15.01 0.48 158
USRT-US iShares Core U.S. REIT ETF 0 14.88 2.55 14.73 0.08 158
XIN-US Xinyuan Real Estate Co. Ltd. 100 100 -10.25 0.64 0 1

Use our natural language search to find ETFs in any focus area

*Disclaimer : This is as of previous day’s close






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Xinyuan Real Estate Co., Ltd. Announces $40 Million Share Repurchase Program

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Year-To-Date Winners: We Have Found The Market And It's Apple

BEIJING, April 18, 2017 /PRNewswire/ — Xinyuan Real Estate Co., Ltd. (“Xinyuan” or “the Company”) (XIN), an NYSE-listed real estate developer and property manager primarily in China and recently in other countries, today announced that the Company’s Board of Directors (the “Board”) has approved a new share repurchase program, under which Xinyuan may purchase up to US$40 million of the Company’s ADS through December 2019 (the “2017 Repurchase Program”).

Repurchases under this program will be made from time to time through a combination of open market and privately negotiated transactions. The per share price cap will be determined from time to time by the discretion of the management.

Mr. Yong Zhang, Xinyuan’s Chairman, stated, “The implementation of a new share repurchase program reflects the confidence in our long-term growth prospects. We believe Xinyuan’s strong financial position and our ability to generate operating cash flow to fund the new share repurchase program will create additional value for our shareholders.”

About Xinyuan Real Estate Co., Ltd.

Xinyuan Real Estate Co., Ltd. (“Xinyuan”) is an NYSE-listed real estate developer and property manager primarily in China and in other countries. In China, the Company develops and manages large scale, high quality real estate projects in over ten tier one and tier two cities, including Beijing, Shanghai, Zhengzhou, Jinan, Xi’an, Suzhou, among others. Xinyuan was one of the first Chinese real estate developers to enter the U.S. market and over the past few years has been active in real estate development in New York. The Company aims to provide comfortable and convenient real estate related products and services to middle-class consumers. For more information, please visit http://www.xyre.com.

Safe Harbor Statement

Certain statements in this press release constitute “forward-looking statements”. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements includes statements about intended use of proceeds and can generally be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. Statements that are not historical statements are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties that could cause actual results to differ materially from those projected or anticipated, including, but not limited to, our ability to continue to implement our business model successfully; our ability to secure adequate financing for our project development; our ability to successfully sell or complete our property projects under construction and planning; our ability to enter into new geographic markets or business lines and expand our operations; the marketing and sales ability of our third-party sales agents; the performance of our third-party contractors; the impact of laws, regulations and policies relating to real estate developers and the real estate industry in the countries in which we operate; our ability to obtain permits and licenses to carry on our business in compliance with applicable laws and regulations; competition from other real estate developers; the growth of the real estate industry in the markets in which we operate; fluctuations in general economic and business conditions in the markets in which we operate; and other risks outlined in our public filings with the Securities and Exchange Commission, including our annual report on Form 20-F for the year ended December 31, 2016. Except as required by law, we undertake no obligation to update or review publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statement is made.

For more information, please contact:

Xinyuan Real Estate Co., Ltd.
Mr. Joe Xu
Investor Relations Deputy Director
Tel: +86 (10) 8588-9376
Email: irteam@xyre.com

ICR, LLC
Investors:
William Zima
In U.S.: +1-646-308-1472
In China: +86 (10) 6583 7511
Email: William.zima@icrinc.com

Media:
Edmond Lococo
In China: +86 (10) 6583-7510
Email: Edmond.Lococo@icrinc.com  

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/xinyuan-real-estate-co-ltd-announces-40-million-share-repurchase-program-300440772.html






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ETFs with exposure to Xinyuan Real Estate Co. Ltd. : April 11, 2017

This post was originally published on this site



Year-To-Date Winners: We Have Found The Market And It's Apple

ETFs with exposure to Xinyuan Real Estate Co. Ltd.

Here are 5 ETFs with the largest exposure to XIN-US. Comparing the performance and risk of Xinyuan Real Estate Co. Ltd. with the ETFs that have exposure to it gives us some ETF choices that could give us similar returns with lower volatility.

Ticker Fund Name XIN-US Exposure (%) 1 Year Price Performance (%) 1 Year Volatility (%) Net Expense Ratio (%) Number of Holdings
XGC-CN iShares Global Completion Portfolio Builder Fund 8.81 7.4 6.37 0.73 19
XCR-CN iShares Conservative Core Portfolio Builder Fund 2.98 2.74 4.15 0.63 19
XGR-CN iShares Growth Core Portfolio Builder Fund 2.43 5.57 5.51 0.62 25
HGI-US Guggenheim International Multi-Asset Income ETF 1.01 13.13 15.54 0.7 151
FWDI-US Madrona International ETF 0.71 13.62 26.99 1.25 87
XIN-US Xinyuan Real Estate Co. Ltd. 100 -13.17 0.62 0 1

Use our ETF screener to find ETFs that hold XIN-US along with other stocks

ETFs with exposure to stocks in the same focus area as Xinyuan Real Estate Co. Ltd..

Here are 5 ETFs with the largest exposure to stocks in the same focus area and region as XIN-US. These ETFs may not have the highest percentage of Xinyuan Real Estate Co. Ltd., but offer a broader sector/region exposure further minimizing single stock risk. Comparing the performance and risk of Xinyuan Real Estate Co. Ltd. with the ETFs that have exposure to it gives us some ETF choices that could give us similar returns with lower volatility.

Ticker Fund Name XIN-US Exposure (%) Sector Exposure (%) 1 Year Price Performance (%) 1 Year Volatility (%) Net Expense Ratio (%) Number of Holdings
RWR-US SPDR Dow Jones REIT ETF 0 16.1 -1.32 14.62 0.25 106
SCHH-US Schwab U.S. REIT ETF 0 15.99 0.07 14.53 0.07 114
WREI-US Wilshire US REIT ETF 0 15.71 -0.46 15.85 0.32 117
FRI-US First Trust S&P REIT Index Fund 0 14.98 0.82 15 0.48 159
USRT-US iShares Core U.S. REIT ETF 0 14.89 1.1 14.72 0.08 158
XIN-US Xinyuan Real Estate Co. Ltd. 100 100 -13.17 0.62 0 1

Use our natural language search to find ETFs in any focus area

*Disclaimer : This is as of previous day’s close






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Xinyuan Real Estate Co. Ltd. :XIN-US: Earnings Analysis: Q4, 2016 By the Numbers : April 10, 2017

This post was originally published on this site



Year-To-Date Winners: We Have Found The Market And It's Apple

Xinyuan Real Estate Co. Ltd. reports financial results for the quarter ended December 31, 2016.

Highlights

  • Summary numbers: Revenues of USD 494.45 million, Net Earnings of USD 11.73 million.
  • Gross margins widened from 20.88% to 25.91% compared to the same period last year, operating (EBITDA) margins now 14.88% from 6.28%.
  • Earnings decline largely a result of non-operational activity, pretax margins improved from 6.75% to 10.87%.

The table below shows the preliminary results and recent trends for key metrics such as revenues and net income (See complete table at the end of this report):

2016-12-31 2016-09-30 2016-06-30 2016-03-31 2015-12-31
Relevant Numbers (Quarterly)
Revenues (mil) 494.45 437.31 373.27 237.44 412.09
Revenue Growth (%YOY) 19.98 40.73 32.87 38.92 11.03
Earnings (mil) 11.73 27.63 26 5.96 18.76
Earnings Growth (%YOY) -37.5 23.55 29.1 33.58 -25.95
Net Margin (%) 2.37 6.32 6.97 2.51 4.55
EPS 0.17 0.39 0.39 0.08 0.26
Return on Equity (%) 5.02 11.74 11.13 2.54 7.98
Return on Assets (%) 1.09 2.72 2.69 0.63 2.11

Access our Ratings and Scores for Xinyuan Real Estate Co. Ltd.

Market Share Versus Profits

Revenues History
Earnings History

Compared to the same period last year, XIN-US‘s change in revenue was close to the amount of its change in earnings. It remains to be seen how the rest of its peer group’s results will turn out and if XIN-US‘s performance is a sign of any major shift in the composition of market share in this sector. Also, for comparison purposes, revenues changed by 13.07% and earnings by -57.56% compared to the previous period.

Earnings Growth Analysis

The company’s year-on-year earnings decline did not come as a result of a contraction in gross margins or because of any cost control issues. Both gross margins and operating margins (EBITDA) margins actually improved over this time frame. Gross margins went from 20.88% to 25.91%, while operating margins improved from 6.28% to 14.88% over this period. For comparison, gross margins were 23.99% and EBITDA margins 86.47% in the immediate last period.

Margins

The company’s earnings decline is largely a result of non-operational activity. As a matter of fact, the company showed increases in operating (EBIT) and pretax margins. EBIT margins improved from 6.28% to 13.18% and pretax margins widened from 6.75% to 10.87%.

EBIT Margin History
PreTax Margin History

Access our Ratings and Scores for Xinyuan Real Estate Co. Ltd.

Company Profile

Xinyuan Real Estate Co. Ltd. is a holding company which engages in the acquisition, investment, and development of properties. It operates through the following segments: Property Developments in Zhengzhou, Henan Province; Property Developments in Jinan, Shandong Province; Property Developments in Suzhou, Xuzhou and Kunshan, Jiangsu Province; Property Developments in Chengdu, Sichuan Province; Property Developments in Beijing; Property Developments in Sanya, Hainan Province; Property Developments in Changsha, Hunan Province; Property Developments in Shanghai; Property Developments in Tianjin; property developments in the U.S., and Other. The company was founded Yong Zhang and Yu Yan Yang in 1997 and is headquartered in Beijing, China.

CapitalCube does not own any shares in the stocks mentioned and focuses solely on providing unique fundamental research and analysis on approximately 50,000 stocks and ETFs globally. Try any of our analysis, screener or portfolio premium services free for 7 days. To get a quick preview of our services, check out our free quick summary analysis of XIN-US.






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