Xinyuan Real Estate

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Xinyuan Real Estate
Public
Traded as NYSE: XIN
Industry Real estate development
Property management
Founder Yong Zhang
Yuyan Yang
Headquarters Beijing, 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)
Revenue Increase $449 million - 2009[2]
Increase $42.4 million - 2009[2]
Total assets $881.7 million - 2009[2]
Total equity $446.9 million - 2009[2]
Subsidiaries See below.
Website www.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

Lua error in package.lua at line 80: module 'strict' not found. 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 200,008 m2 (2,152,868 sq ft) 497,041 m2 (5,350,105 sq ft) Under construction (2012)
Zhengzhou Central Garden (East and West) Zhengdong District, Zhengzhou, Henan 140,313 m2 (1,510,317 sq ft) 355,590 m2 (3,827,539 sq ft) Completed
Jinan City Family Huaiyin District, Jinan, Shandong 47,411 m2 (510,328 sq ft) 61,065 m2 (657,298 sq ft) Completed
Xuzhou Xinyuan Colorful Garden Quanshan District, Xuzhou, Jiangsu 46,777 m2 (503,503 sq ft) 102,097 m2 (1,098,963 sq ft) Under construction (2012)
Zhengzhou City Family Guancheng District, Zhengzhou, Henan 21,380 m2 (230,132 sq ft) 39,226 m2 (422,225 sq ft) Completed
Zhengzhou City Manor Erqi District, Zhengzhou, Henan 63,089 m2 (679,084 sq ft) 118,716 m2 (1,277,848 sq ft) Completed
Zhengzhou Xinyuan Splendid Jinshui District, Zhengzhou, Henan 192,885 m2 (2,076,197 sq ft) 386,332 m2 (4,158,443 sq ft) Completed
Longhai Star Garden Zhongyuan District, Zhengzhou, Henan 11,719 m2 (126,142 sq ft) 39,975 m2 (430,287 sq ft) Completed
Chengdu Xinyuan Splendid I Jinjiang District, Chengdu, Sichuan 34,007 m2 (366,048 sq ft) 231,002 m2 (2,486,485 sq ft) Completed
Chengdu Xinyuan Splendid II Jinjiang District, Chengdu, Sichuan 30,497 m2 (328,267 sq ft) 216,900 m2 (2,334,692 sq ft) Completed
Hefei Wangjiang Garden Baohe District, Hefei, Anhui 51,939 m2 (559,067 sq ft) 145,452 m2 (1,565,632 sq ft) Completed
Suzhou International City Garden New District, Suzhou, Jiangsu 119,089 m2 (1,281,863 sq ft) 205,591 m2 (2,212,963 sq ft) Completed
Suzhou Colorful Garden Gusu District (formerly Jinchang District), Suzhou, Jiangsu 81,506 m2 (877,323 sq ft) 190,000 m2 (2,045,143 sq ft) Completed
Suzhou Lake Splendid Wuzhong District, Suzhou, Jiangsu 130,945 m2 (1,409,480 sq ft) 198,113 m2 (2,132,471 sq ft) Completed
Jinan Xinyuan Splendid Jinan, Shandong 200,180 m2 (2,154,720 sq ft) 526,990 m2 (5,672,473 sq ft) Under construction (2012)
Jinan International City Garden Jinan, Shandong 93,928 m2 (1,011,033 sq ft) 292,200 m2 (3,145,215 sq ft) Completed
Jinan Elegant Scenery Tianqiao District, Jinan, Shandong 61,500 m2 (661,981 sq ft) 110,000 m2 (1,184,030 sq ft) Completed
Zhengzhou Commercial Plaza Jinshui District, Zhengzhou, Henan 8,410 m2 (90,524 sq ft) 67,578 m2 (727,404 sq ft) Completed
Zhengzhou Xinyuan Colorful Garden Erqi District, Zhengzhou, Henan 74,462 m2 (801,502 sq ft) 191,891 m2 (2,065,498 sq ft) Completed
Zhengzhou Yipin Xiangshan Phase I Huiji District, Zhengzhou, Henan 57,289 m2 (616,654 sq ft) 94,528 m2 (1,017,491 sq ft) Completed
Zhengzhou Yipin Xiangshan Phase II Huiji District, Zhengzhou, Henan 81,345 m2 (875,590 sq ft) 198,543 m2 (2,137,099 sq ft) Under construction (2012)
Zhengzhou Century East A New East District, Zhengzhou, Henan 22,418 m2 (241,305 sq ft) 77,341 m2 (832,492 sq ft) Under construction (2012)
Zhengzhou Century East B New East District, Zhengzhou, Henan 51,372 m2 (552,964 sq ft) 166,468 m2 (1,791,847 sq ft) Under construction (2012)
Zhengzhou Century Royal Place Zhengzhou, Henan 45,716 m2 (492,083 sq ft) 132,238 m2 (1,423,398 sq ft) Under construction (2012)
Zhengzhou Modern City Erqi District, Zhengzhou, Henan 60,556 m2 (651,819 sq ft) 256,905 m2 (2,765,303 sq ft) Under construction (2012)
Source: Xinyuan Real Estate development and completed project lists, April 2012 SEC filing (Form 20-F), Reuters profile.

See also

References

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  2. ↑ 2.0 2.1 2.2 2.3 Lua error in package.lua at line 80: module 'strict' not found.
  3. ↑ Lua error in package.lua at line 80: module 'strict' not found.
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  5. ↑ 5.0 5.1 5.2 5.3 5.4 Lua error in package.lua at line 80: module 'strict' not found.
  6. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  7. ↑ 7.0 7.1 Lua error in package.lua at line 80: module 'strict' not found.
  8. ↑ 8.0 8.1 Lua error in package.lua at line 80: module 'strict' not found.
  9. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  10. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  11. ↑ Lua error in package.lua at line 80: module 'strict' not found.

External links

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