Xinyuan Real Estate Co Ltd (XIN) |
|
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. |
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Customers Net Income fell by |
XIN's Customers Net Profit Margin fell to |
-54.81 % |
21.45 %
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Stock Performances by Major Competitors |
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Phoenix Plus Corp
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.
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Legacy Housing Corporation
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.
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United Homes Group Inc
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.
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Limbach Holdings Inc
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.
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Monterey Capital Acquisition Corporation
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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Per Share |
Current |
Earnings (TTM) |
-2.44 $ |
Revenues (TTM) |
8.81 $
|
Cash Flow (TTM) |
- |
Cash |
5.62 $
|
Book Value |
0.77 $
|
Dividend (TTM) |
0.04 $ |
|
Per Share |
|
Earnings (TTM) |
-2.44 $
|
Revenues (TTM) |
8.81 $ |
Cash Flow (TTM) |
- |
Cash |
5.62 $
|
Book Value |
0.77 $ |
Dividend (TTM) |
0.04 $ |
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