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Xinyuan Real Estate Co Ltd   (XIN)
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    Sector  Capital Goods    Industry Construction Services
 
Price: $2.6500 $0.00 0.000%
Day's High: $2.65 Week Perf: -2.93 %
Day's Low: $ 2.60 30 Day Perf: -4.26 %
Volume (M): 2 52 Wk High: $ 6.51
Volume (M$): $ 5 52 Wk Avg: $3.08
Open: $2.60 52 Wk Low: $1.92



 Market Capitalization (Millions $) 286
 Shares Outstanding (Millions) 108
 Employees 1,007
 Revenues (TTM) (Millions $) 950
 Net Income (TTM) (Millions $) -259
 Cash Flow (TTM) (Millions $) -77
 Capital Exp. (TTM) (Millions $) 0

Xinyuan Real Estate Co Ltd

We focus on developing large scale quality residential projects, which typically consist of multiple residential buildings that include multi-layer apartment buildings, sub-high-rise apartment buildings or high-rise apartment buildings. Several of our projects include auxiliary services and amenities such as retail outlets, leisure and health facilities, kindergartens and schools. We also develop small scale residential properties. Our developments aim at providing middle-income consumers with a comfortable and convenient community life. In addition, we provide property management services for our developments and other real estate-related services to our customers. We acquire development sites in China primarily through public auctions of government land and direct negotiations. These acquisition methods allow us to obtain unencumbered land use rights to unoccupied land without the need for additional demolition, re-settlement or protracted legal processes to obtain title. As a result, we are able to commence construction relatively quickly after we acquire a site for development.

We currently operate in thirteen markets in China - Beijing, Shanghai, Tianjin, Chengdu in Sichuan Province, Jinan in Shandong Province, Suzhou, Kunshan and Xuzhou in Jiangsu Province, Zhengzhou and Xingyang in Henan Province, Sanya in Hainan Province, Changsha in Hunan Province, and Xi’an in Shaanxi Province. We also operate in three locations in the U.S. - Irvine, California; Reno, Nevada and Brooklyn, New York.

Our Property Projects

Overview

We offer the following four main types of real estate property products:

· multi-layer apartment buildings, which, in China, are typically 6 stories or less and normally require nine to 12 months to construct after we obtain the related construction permit;

· sub-high-rise apartment buildings, which, in China, are typically 7 to 11 stories and normally require 12 to 18 months to construct after we obtain the related construction permit;

· high-rise apartment buildings, which, in China, are typically 12 to 33 stories and normally require 18 to 24 months to construct after we obtain the related construction permit; and

· office, mixed-use and commercial properties which have offered since 2012.

Our projects are in one of the following five stages or categories:

· properties under construction, comprising properties for which the construction permits have been obtained;

· properties under planning, comprising properties for which we have entered into land grant contracts and are in the process of obtaining the required permits to begin construction;

· completed projects, comprising projects for which construction has been completed;

· properties held for lease, comprising projects for which construction has been completed and which we plan to hold and manage and;

· properties held for sale, comprising land and properties which we purchase and hold for sale.

We outsource all of our construction work to independent construction companies which are selected mainly through our invitation to tender bids for the project. We generally hire one or more contractors for each of our projects, with each contractor responsible for a designated portion of the project on a “turnkey” basis. We have established a selection procedure in order to ensure compliance with our quality and workmanship standards. We take into account the construction companies’ professional qualifications, reputation, track record, past cooperation with our project companies and financial condition and resources when inviting candidates to bid. We also review the qualifications and performance of our construction contractors on a semi-annual basis. We closely supervise and manage the entire project construction process, utilizing our enterprise resource planning systems to monitor and analyze information regarding the process on a real-time basis. We collect information throughout the development cycle on the entire project, including information from our third-party contractors, to avoid unanticipated delays and cost overruns.

Our construction contracts typically provide for limited flexible payments, which provide for adjustments for some types of excess, such as design changes during construction or changes in government-suggested steel and cement prices, as well as labor costs. The contractors are typically responsible for procuring the necessary raw materials, as well as providing engineering and construction services. We procure certain ancillary fixtures for installation, such as elevators, windows and entrance doors. For our purchases of such fixtures, we use a centralized procurement process to help increase our negotiating power and lower our unit costs. We maintain good relationships with our suppliers and have not encountered any significant supply shortages or disruptions in the past.


We expanded into the U.S. market in 2012. Investment decisions with respect to the U.S. market are carried out through the investment committee of our board of directors. We currently seek investment opportunities mainly through off-market transactions, including newly constructed condominium projects and conversion projects. We currently consider the following factors when selecting a project:

· Geographic location. We intend to focus in areas that are economically active and diversified, and attractive to immigrants on the east and the west coasts.

· Risk adjusted financial returns.

· Funding opportunities.

We set up a specialized U.S. project team in 2012, comprised of U.S. local consultants and employees with substantial experience and understanding in various areas of the U.S. real estate market.



   Company Address: 27/F, China Central Place, Tower II Chaoyang District 0
   Company Phone Number: 8588-9255   Stock Exchange / Ticker: NYSE XIN
   XIN is expected to report next financial results on May 29, 2024.


Customers Net Income fell by XIN's Customers Net Profit Margin fell to

-54.81 %

21.45 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
JOE   -1.97%    
STRS      0% 
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Phoenix Plus Corp

Phoenix Plus Corp (PXPC) Achieves Break-Even and Surges in Revenue in Latest Financial Results

Phoenix Plus Corp (PXPC) is a construction services company that has recently shown significant growth in revenue despite facing some challenges in terms of net profitability. The company reached break-even during the November to January 31, 2024 fiscal interval, with earnings per share remaining flat compared to the previous year. However, the revenue increased sharply by 2287.011% to $0.49 million from $0.02 million in the comparable financial reporting period a year ago. This surge in revenue demonstrates strong performance in the company's core business activities.
In comparison to its Construction Services sector peers, PXPC's revenue growth in the second quarter of 2024 outperformed the industry average of 5.18%. This indicates that Phoenix Plus Corp is gaining market share and successfully capitalizing on opportunities within its sector. Despite posting a net loss of $-0.113 million during the same fiscal interval, the company's top-line growth is a positive indicator of its potential for future success.

Legacy Housing Corporation

Legacy Housing Corporation Faces Dramatic Decline in Earnings per Share for 2023

Legacy Housing Corporation has recently reported its full-year 2023 financial results, which show a significant decline in various key metrics. The company's income per share dropped by a staggering -63.36% to $0.29 per share, compared to $0.78 per share in the previous year. Furthermore, profit plummeted by -55.1% from $0.64 per share in the preceding reporting season.
In terms of revenue, Legacy Housing Corporation experienced a sharp decline of -55.376% to $33.71 million from $75.55 million in the same period a year ago. Sequentially, revenue tumbled by -32.487% from $49.94 million. The company's bottom line fell by -64.05% to $7.076 million in the fiscal interval closing December 31, 2023, from $19.685 million in the corresponding period a year before.
Moreover, Legacy Housing Corporation's profitability metrics also took a hit, with its operating margin decreasing to 28.83% and net margin shrinking to 20.99%. Despite a slight decrease in inventories to $33.2 million from the previous quarter, this marks an increase relative to the same period a year ago.

United Homes Group Inc

United Homes Group Inc Reports Strong Revenue of $116.57 Million in Q4 2023 Despite Net Loss

United Homes Group Inc, a reputable construction services company, has recently released its financial results for the fourth quarter of 2023. Despite reporting a robust revenue of $116.57 million in this quarter, the company experienced a net loss of $66.64 million, a significant decline from the net income of $2.58 million reported in the same period the previous year.
Analyzing the overall sales performance for the financial year 2023, United Homes Group Inc revealed a revenue of $420.73 million and net profits of $125.06 million. This indicates that the company has seen decent growth in terms of sales, although there is room for improvement in terms of profitability.

Limbach Holdings Inc

Limbach Holdings Inc Reports Decline in Revenue, Despite Increase in Earnings Per Share

Limbach Holdings Inc, a Construction Services company, has recently reported a decline in revenue for the fiscal period ending December 31, 2023. Despite this, the company managed to increase its earnings per share (EPS) by 10.45% to $0.37 per share. This suggests that the company has found ways to cut costs and improve its profitability, but there are several concerning factors that raise doubts about its future prospects.
While the Construction Services sector as a whole posted a 5.08% increase in revenue compared to the same period the previous year, Limbach Holdings Inc experienced a decline of -0.552% to $142.69 million. This indicates that the company is not performing as well as its industry peers and may be losing market share.

Monterey Capital Acquisition Corporation

Business costs escalate for Monterey Capital Acquisition Corporation in Q4 2023 earnings season



As the Construction Services sector vets analyze the fourth quarter of 2023 financial results, Monterey Capital Acquisition Corporation (MCAC) is faced with concerning figures. With no revenue reported for the quarter, the operating shortfall of $-1.28193 million highlights the struggles the company is currently experiencing. In this article, we will delve into the implications of these financial results and discuss how they might affect the future prospects of MCAC.
Operating Shortfall and Worsening Deficit:
Comparing the fourth quarters of 2022 and 2023, MCAC's operating shortfall has increased significantly from $-1.039873 million to $-5.649 million. Moreover, this shortfall has expanded dramatically from the previous year's comparable reporting period, which recorded a deficit of $-3.095 million. The absence of revenue further compounds the financial challenges faced by MCAC during this period.






 

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