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'''Xinyuan Real Estate Co., Ltd.''' ({{zh|c=鑫苑置业|p=Xīnyuàn Zhìyè}}) is a [[China|Chinese]] real estate company.<ref name='Fool'>{{cite news | first=Rich | last=Duprey |authorlink= | title=Build Your Fortune With These Winners | date=2010-03-11 | publisher= | url =http://www.fool.com/investing/small-cap/2010/03/11/build-your-fortune-with-these-winners.aspx | work =The Motley Fool | pages = | accessdate = 2010-03-13 | language = }}</ref>
'''Xinyuan Real Estate Co., Ltd.''' ({{zh|c=鑫苑置业|p=Xīnyuàn Zhìyè}}) is a [[China|Chinese]] real estate company.<ref name='Fool'>{{cite news | first=Rich | last=Duprey |authorlink= | title=Build Your Fortune With These Winners | date=2010-03-11 | publisher= | url =http://www.fool.com/investing/small-cap/2010/03/11/build-your-fortune-with-these-winners.aspx | work =The Motley Fool | pages = | accessdate = 2010-03-13 | language = }}</ref>


Principally engaged in [[residential]] [[real estate development]] and the provision of [[property management]] services, it focuses on [[Tier II cities in China]].<ref name='PR 2010-03-10'>{{cite press release| first= | last= |authorlink= | title=Xinyuan Real Estate Co., Ltd. Limited Announces Participation in Roth OC Growth Stock Conference | date=2010-03-10 | publisher=[[PR Newswire]] | url =http://www.prnewswire.com/news-releases/xinyuan-real-estate-co-ltd-limited-announces-participation-in-roth-oc-growth-stock-conference-87221027.html | work =Xinyuan Real Estate Co., Ltd. | pages = | accessdate = 2010-03-13 | language = }}</ref><ref name='Milestones'>{{cite web|url=http://www.xyre.com/english/about/awards.html |title=Xinyuan Real Estate / Awards & Milestones |accessdate=2010-03-13 }} {{Dead link|date=October 2010|bot=H3llBot}}</ref>
Principally engaged in [[residential]] [[real estate development]] and the provision of [[property management]] services, it focuses on [[Tier II cities in China]].<ref name='PR 2010-03-10'>{{cite press release| first= | last= |authorlink= | title=Xinyuan Real Estate Co., Ltd. Limited Announces Participation in Roth OC Growth Stock Conference | date=2010-03-10 | publisher=[[PR Newswire]] | url =http://www.prnewswire.com/news-releases/xinyuan-real-estate-co-ltd-limited-announces-participation-in-roth-oc-growth-stock-conference-87221027.html | work =Xinyuan Real Estate Co., Ltd. | pages = | accessdate = 2010-03-13 | language = }}</ref><ref name='Milestones'>{{cite web|url=http://www.xyre.com/english/about/awards.html |title=Xinyuan Real Estate / Awards & Milestones |accessdate=2010-03-13 |deadurl=yes |archiveurl=https://web.archive.org/20081207004400/http://www.xyre.com:80/english/about/awards.html |archivedate=December 7, 2008 }}</ref>


==History==
==History==
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==Services and subsidiaries==
==Services and subsidiaries==
Xinyuan provides [[landscaping]] and [[intercom]] systems installation services through two of its 11 subsidiaries, '''Zhengzhou Mingyuan Landscape Engineering Co., Ltd.''' and '''Zhengzhou Xinyuan Computer Network Engineering Co., Ltd.'''<ref name='XREOS'>{{cite web|url=http://www.xyre.com/english/about/organization.html |title=Xinyuan Real Estate / Organizational Structure |accessdate=2010-03-16 }} {{Dead link|date=October 2010|bot=H3llBot}}</ref> Its construction contracts typically provide for fixed or capped payments, but the payments are subject to changes in government-suggested steel prices. The contractors are typically responsible for procuring the necessary raw materials, as well as providing engineering and construction services. The Company procures certain ancillary fixtures for installation, such as elevators, windows and entrance doors. Its major suppliers are suppliers of [[power distribution box]]es, elevators, plastic-steel windows, doors and heat sinks.{{Citation needed|date=April 2010}}
Xinyuan provides [[landscaping]] and [[intercom]] systems installation services through two of its 11 subsidiaries, '''Zhengzhou Mingyuan Landscape Engineering Co., Ltd.''' and '''Zhengzhou Xinyuan Computer Network Engineering Co., Ltd.'''<ref name='XREOS'>{{cite web|url=http://www.xyre.com/english/about/organization.html |title=Xinyuan Real Estate / Organizational Structure |accessdate=2010-03-16 |deadurl=yes |archiveurl=https://web.archive.org/20081210200231/http://www.xyre.com:80/english/about/organization.html |archivedate=December 10, 2008 }}</ref> Its construction contracts typically provide for fixed or capped payments, but the payments are subject to changes in government-suggested steel prices. The contractors are typically responsible for procuring the necessary raw materials, as well as providing engineering and construction services. The Company procures certain ancillary fixtures for installation, such as elevators, windows and entrance doors. Its major suppliers are suppliers of [[power distribution box]]es, elevators, plastic-steel windows, doors and heat sinks.{{Citation needed|date=April 2010}}


==Markets==
==Markets==

Revision as of 23:28, 25 January 2016

Xinyuan Real Estate
Company typePublic
NYSE: XIN
IndustryReal estate development
Property management
FounderYong Zhang
Yuyan Yang
HeadquartersBeijing, People's Republic of China
Area served
Hefei, Jinan, Kunshan, Suzhou, Zhengzhou, Xuzhou and Chengdu.[1]
Key people
Yong Zhang (Chairman and CEO)
Yuyan Yang (EA)
Thomas Gurnee (CFO)
RevenueIncrease $449 million - 2009[2]
Increase $42.4 million - 2009[2]
Total assets$881.7 million - 2009[2]
Total equity$446.9 million - 2009[2]
SubsidiariesSee below.
Websitewww.xyre.com

Xinyuan Real Estate Co., Ltd. (Chinese: 鑫苑置业; pinyin: Xīnyuàn Zhìyè) is a Chinese real estate company.[3]

Principally engaged in residential real estate development and the provision of property management services, it focuses on Tier II cities in China.[4][5]

History

Xinyuan is a real estate developer building large-scale residential projects for middle-income consumers in China’s Tier II cities. The company was founded in 1997 in Zhengzhou, China and puts up developments aimed at providing middle-income consumers with a community lifestyle. Xinyuan's team has capitalized on China’s rapid economic growth by utilizing a standardized and scalable business model that emphasizes high asset turnover, efficient working capital management and strict cost control and their national establishment covers six high-growth Tier II cities: Chengdu, Hefei, Jinan, Kunshan, Suzhou, and Zhengzhou. They have a total of 26 projects and more than 3 million square meters of GFA developed, under construction and under planning.[citation needed]

On December 7, 2005, Forte (Group) Co. Ltd announced that its subsidiary Shanghai Xinyuan Real Estate Development Co. Ltd had successfully acquired 30% stake of Shanghai Baisi Property Co. [6]

Xinyuan was selected as one of "China's Sixty Best Employers for 2007" in a survey conducted by China Central Television.[5]

Xinyuan's holding company is based in the Cayman Islands.[7] On 18 April 2008, Xinyuan's corporate headquarters was relocated from Zhengzhou to Beijing.[5]

The China Real Estate Top 10 Committee has selected Xinyuan as one of "China's Top 10 Overseas-Listed Real Estate Developers", and has awarded it the "Top 100 Chinese Real Estate Companies with Greatest Growth Potential Award" once, and the "Top 100 Chinese Real Estate Companies Award" thrice consecutively.[5]

Joint ventures

Xinyuan has joint ventures with Blue Ridge Capital, China Construction Bank, and Equity International.[5]

Initial public stock offering

On 12 December 2007, Xinyuan became the first Chinese real estate developer to become listed on the New York Stock Exchange.[8] Underwritten by Merrill Lynch, Deutsche Bank Securities, and Allen & Co, Xinyuan's initial public offering raised US$245m in capital.[7][9] China Analyst reports that Xinyuan's stock is the 2nd fastest growing within its respective industry as of March 2010.[10]

Services and subsidiaries

Xinyuan provides landscaping and intercom systems installation services through two of its 11 subsidiaries, Zhengzhou Mingyuan Landscape Engineering Co., Ltd. and Zhengzhou Xinyuan Computer Network Engineering Co., Ltd.[11] Its construction contracts typically provide for fixed or capped payments, but the payments are subject to changes in government-suggested steel prices. The contractors are typically responsible for procuring the necessary raw materials, as well as providing engineering and construction services. The Company procures certain ancillary fixtures for installation, such as elevators, windows and entrance doors. Its major suppliers are suppliers of power distribution boxes, elevators, plastic-steel windows, doors and heat sinks.[citation needed]

Markets

As of December 31, 2007, the Company operated in six markets: Chengdu in Sichuan Province; Hefei in Anhui Province; Jinan in Shandong Province; Suzhou and Kunshan in Jiangsu Province, and Zhengzhou in Henan Province. It offers three main types of real estate property products: multi-layer apartment buildings, which are typically six stories or less and normally require 9 to 12 months to construct after the Company obtain the related construction permit; sub-high-rise apartment buildings, which are typically 7 to 11 stories and normally require 12 to 18 months to construct after the Company obtain the related construction permit, and high-rise apartment buildings, which are typically 12 to 33 stories and normally require 18 to 24 months to construct after it obtain the related construction permit.[citation needed]

Projects

As of 2007, Xinyuan had 13 completed projects and 14 in development or planning.[8]

Name Location Total site area Gross floor area Status
Kunshan International City Garden Kunshan, Jiangsu Template:Unit area Template:Unit area Under construction (2012)
Zhengzhou Central Garden (East and West) Zhengdong District, Zhengzhou, Henan Template:Unit area Template:Unit area Completed
Jinan City Family Huaiyin District, Jinan, Shandong Template:Unit area Template:Unit area Completed
Xuzhou Xinyuan Colorful Garden Quanshan District, Xuzhou, Jiangsu Template:Unit area Template:Unit area Under construction (2012)
Zhengzhou City Family Guancheng District, Zhengzhou, Henan Template:Unit area Template:Unit area Completed
Zhengzhou City Manor Erqi District, Zhengzhou, Henan Template:Unit area Template:Unit area Completed
Zhengzhou Xinyuan Splendid Jinshui District, Zhengzhou, Henan Template:Unit area Template:Unit area Completed
Longhai Star Garden Zhongyuan District, Zhengzhou, Henan Template:Unit area Template:Unit area Completed
Chengdu Xinyuan Splendid I Jinjiang District, Chengdu, Sichuan Template:Unit area Template:Unit area Completed
Chengdu Xinyuan Splendid II Jinjiang District, Chengdu, Sichuan Template:Unit area Template:Unit area Completed
Hefei Wangjiang Garden Baohe District, Hefei, Anhui Template:Unit area Template:Unit area Completed
Suzhou International City Garden New District, Suzhou, Jiangsu Template:Unit area Template:Unit area Completed
Suzhou Colorful Garden Gusu District (formerly Jinchang District), Suzhou, Jiangsu Template:Unit area Template:Unit area Completed
Suzhou Lake Splendid Wuzhong District, Suzhou, Jiangsu Template:Unit area Template:Unit area Completed
Jinan Xinyuan Splendid Jinan, Shandong Template:Unit area Template:Unit area Under construction (2012)
Jinan International City Garden Jinan, Shandong Template:Unit area Template:Unit area Completed
Jinan Elegant Scenery Tianqiao District, Jinan, Shandong Template:Unit area Template:Unit area Completed
Zhengzhou Commercial Plaza Jinshui District, Zhengzhou, Henan Template:Unit area Template:Unit area Completed
Zhengzhou Xinyuan Colorful Garden Erqi District, Zhengzhou, Henan Template:Unit area Template:Unit area Completed
Zhengzhou Yipin Xiangshan Phase I Huiji District, Zhengzhou, Henan Template:Unit area Template:Unit area Completed
Zhengzhou Yipin Xiangshan Phase II Huiji District, Zhengzhou, Henan Template:Unit area Template:Unit area Under construction (2012)
Zhengzhou Century East A New East District, Zhengzhou, Henan Template:Unit area Template:Unit area Under construction (2012)
Zhengzhou Century East B New East District, Zhengzhou, Henan Template:Unit area Template:Unit area Under construction (2012)
Zhengzhou Century Royal Place Zhengzhou, Henan Template:Unit area Template:Unit area Under construction (2012)
Zhengzhou Modern City Erqi District, Zhengzhou, Henan Template:Unit area Template:Unit area Under construction (2012)
Source: Xinyuan Real Estate development and completed project lists, April 2012 SEC filing (Form 20-F), Reuters profile.

See also

References

  1. ^ "Xinyuan Real Estate Co., Ltd. to Report Fourth Quarter and Full Year 2009 Financial Results on February 11, 2010". Fox Business Network. 2010-02-08. Retrieved 2010-03-13. [dead link]
  2. ^ a b c d "Xinyuan Real Estate / Q4 2009 Earnings Release". Retrieved 2010-03-13.
  3. ^ Duprey, Rich (2010-03-11). "Build Your Fortune With These Winners". The Motley Fool. Retrieved 2010-03-13.
  4. ^ "Xinyuan Real Estate Co., Ltd. Limited Announces Participation in Roth OC Growth Stock Conference". Xinyuan Real Estate Co., Ltd. (Press release). PR Newswire. 2010-03-10. Retrieved 2010-03-13.
  5. ^ a b c d e "Xinyuan Real Estate / Awards & Milestones". Archived from the original on December 7, 2008. Retrieved 2010-03-13. {{cite web}}: Unknown parameter |deadurl= ignored (|url-status= suggested) (help)
  6. ^ "Forte Group expands land reserve in Shanghai SHANGHAI".
  7. ^ a b "Xinyuan Real Estate discloses IPO terms". Associated Press. 2007-11-26. Retrieved 2010-03-13.
  8. ^ a b Louis, Brian (2007-12-12). "Developer Xinyuan Rises in First Day of Trading". Bloomberg. Retrieved 2010-03-13.
  9. ^ Jonas, Ilaina; Lilla Zuill; Jacqueline Wong (2007-12-12). "China's Xinyuan Real Estate IPO raises $245 mln". Reuters. {{cite news}}: |access-date= requires |url= (help)
  10. ^ "Top 10 Fastest-Growing Home Building and Services Stocks: GFA, XIN, DEER, IRBT, MIDD, NTZ, WHR, MHO, MHK, IFSIA". China Analyst. 2010-03-12. Retrieved 2010-03-13.
  11. ^ "Xinyuan Real Estate / Organizational Structure". Archived from the original on December 10, 2008. Retrieved 2010-03-16. {{cite web}}: Unknown parameter |deadurl= ignored (|url-status= suggested) (help)

External links

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