xinyuan real estate co l-adr (XIN) Key Developments
Xinyuan Real Estate Co., Ltd. Announces New Land Acquisitions in Tianjin
Nov 26 14
Xinyuan Real Estate Co., Ltd. announced that it has recently acquired two land parcels in Wuqing District, Tianjin, through public auction. Wuqing District enjoys convenient transportation, where people travel to both Beijing and Tianjin within 20 minutes by high-speed railway. The two land parcels are adjacent and located between the Beijing-Tianjin and Beijing-Shanghai express highways. The area surrounding has a well built infrastructure of community services. Together, it offers a total site area of approximately 263,520 square meters. Xinyuan paid a total of RMB 317.6 million (approximately $51.7 million) for the land use rights. The Company plans to develop low-density residential apartments, condos and villas on this land. The project will also include a kindergarten for an estimated gross floor area of approximately 2,600 square meters. The average estimated floor price of this project is approximately RMB 1,176 per square meter.
Xinyuan Real Estate Co., Ltd. Declares Cash Dividend for the Third Quarter of 2014, Payable on December 12, 2014
Nov 19 14
The board of directors of Xinyuan Real Estate Co., Ltd. has declared a cash dividend for the third quarter of 2014 of USD 0.025 per common share, or USD 0.05 per American Depositary Share (ADS), which will be payable on December 12, 2014 to shareholders of record as of December 2, 2014.
Xinyuan Real Estate Co., Ltd. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Provides Earnings Guidance for the Full Year of 2014
Nov 11 14
Xinyuan Real Estate Co., Ltd. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported total revenue of $163,612,000 compared to $240,665,000 a year ago. Operating income was $11,321,000 compared to $55,483,000 a year ago. Income from operations before income taxes was $10,274,000 compared to $53,960,000 a year ago. Net income attributable to the company was $7,773,000 or $0.10 per basic and diluted ADS compared to $28,748,000 or $0.39 per diluted ADS a year ago.
For the nine months period, the company reported revenue of $556,848,000 compared to $608,578,000 a year ago. Operating income was $54,056,000 compared to $153,937,000 a year ago. Income from operations before income taxes was $42,528,000 compared to $152,083,000 a year ago. Net income attributable to the company was $24,655,000 or $0.30 per diluted ADS compared to $94,726,000 or $1.31 per diluted ADS a year ago. Total debt outstanding was $1.39 billion, an increase of $80 million compared to $1.31 billion at the end of the second quarter.
For the full year the company expects contract sales to reach $1.138 billion to $1.148 billion. Revenue is expected to be in the range of total $856 million to $866 million. Net income is projected to be in the range of $31 million to $33 million.
Xinyuan Real Estate Co., Ltd., Annual General Meeting, Dec 03, 2014
Nov 5 14
Xinyuan Real Estate Co., Ltd., Annual General Meeting, Dec 03, 2014., at 15:00 China Standard Time. Location: 27/F, China Central Place, Tower II, 79 Jianguo Road. Agenda: To consider and ratify by the passing of an ordinary resolution the appointment of the Independent Auditor Ernst & Young Hua Ming for the fiscal year 2014; and to transact any such business that may properly come before the meeting.
Xinyuan Real Estate Co., Ltd. to Report Q3, 2014 Results on Nov 11, 2014
Nov 4 14
Xinyuan Real Estate Co., Ltd. announced that they will report Q3, 2014 results at 7:30 AM, US Eastern Standard Time on Nov 11, 2014