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Xinyuan(XIN) - 2025 Q2 - Quarterly Report
2025-07-14 10:08
Exhibit 99.1 XINYUAN REAL ESTATE CO., LTD. PROXY STATEMENT GENERAL We are soliciting the enclosed proxy on behalf of our board of directors for use at a extraordinary general meeting of shareholders to be held on July 29, 2025 at 10 a.m. local time, or at any adjournment or postponement thereof (the "Meeting"). The Meeting will be held at Xinyuan (China) Real Estate, Ltd., 27/F, China Central Place, Tower II, 79 Jianguo Road, Chaoyang District, Beijing 100025, the People's Republic of China. The Meeting is ...
Xinyuan(XIN) - 2024 Q4 - Annual Report
2025-04-29 20:01
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For The Fiscal Year Ended December 31, 2024. OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES ...
Xinyuan(XIN) - 2024 Q3 - Quarterly Report
2024-10-25 21:07
Gross profit decreased by US$36.8 million to US$39.8 million, or 25.6% of total revenue for the first half of 2024 from US$76.6 million, or 19.7% of total revenue for the first half of 2023. The increase of gross profit rate was mainly due to optimization of project costs. Exhibit 99.1 Xinyuan Real Estate Co., Ltd. Announces First Half 2024 Financial Results Beijing, October 25, 2024 -- Xinyuan Real Estate Co., Ltd. ("Xinyuan" or "the Company") (NYSE: XIN), an NYSE-listed real estate developer operating pri ...
Xinyuan Real Estate Co., Ltd. Releases 2023 Annual Report, Achieving Positive Net Profit Attributable to Shareholders
Newsfilter· 2024-05-22 10:11
BEIJING, May 22, 2024 (GLOBE NEWSWIRE) -- Xinyuan Real Estate Co., Ltd. ("Xinyuan" or the "Company") (NYSE:XIN), an NYSE-listed real estate developer operating primarily in China and also in other countries, announced that on May 15, 2024, it filed its Annual Report on Form 20-F for the fiscal year ended December 31, 2023 with the U.S. Securities and Exchange Commission (the "SEC"). An electronic copy of the annual report on Form 20-F can be accessed on Xinyuan's investor relations website at http://ir.xyre ...
Xinyuan Real Estate Co., Ltd. Releases 2023 Annual Report, Achieving Positive Net Profit Attributable to Shareholders
globenewswire.com· 2024-05-22 10:11
BEIJING, May 22, 2024 (GLOBE NEWSWIRE) -- Xinyuan Real Estate Co., Ltd. (“Xinyuan” or the “Company”) (NYSE:XIN), an NYSE-listed real estate developer operating primarily in China and also in other countries, announced that on May 15, 2024, it filed its Annual Report on Form 20-F for the fiscal year ended December 31, 2023 with the U.S. Securities and Exchange Commission (the “SEC”). An electronic copy of the annual report on Form 20-F can be accessed on Xinyuan’s investor relations website at http://ir.xyre ...
Xinyuan(XIN) - 2023 Q4 - Annual Report
2024-05-15 11:07
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For The Fiscal Year Ended December 31, 2023. OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES ...
Xinyuan(XIN) - 2022 Q4 - Annual Report
2023-05-30 10:37
Company Operations and Development - As of December 31, 2022, the company had a total of 103 property projects covering 20 cities in China at various stages of development[18] - The company operates primarily through its subsidiaries in China, with the functional currency of these subsidiaries being RMB[10] - The company has three development projects in New York City, financing them through internal funds and bank loans due to local regulations[27] - The company plans to expand its residential property development operations into high growth cities in China, facing significant operational demands and competition[36] - The company has begun opportunistic expansion into markets outside of China, including the US and UK, but faces challenges due to limited experience in these markets[38] - The company has 14 joint ventures and associates as of December 31, 2022, which may impact its financial results and operational performance due to shared capital and potential losses[97] - The company is developing smart home technology products and cloud-based enterprise resource planning software, which may present risks and uncertainties[75] - The company has approximately 86,951 square meters of retail investment properties in Zhengzhou and 28,090 square feet in New York, with plans to gradually increase retail and commercial properties[93] Financial Performance and Challenges - The company reported net losses of US$413.3 million in 2021 and US$258.7 million in 2022, indicating ongoing financial challenges[19] - The company's total indebtedness as of December 31, 2022, was $2,140.4 million, which could adversely affect financial condition and cash flow[71] - The company is dependent on dividend payments from its subsidiaries in China for funding, which may be restricted by various factors[16] - The company's ability to secure financing is impacted by various factors, including lenders' perceptions of creditworthiness and market conditions[20] - The company faces risks related to market volatility and changes in consumer behavior due to economic conditions in China[18] - The company has experienced fluctuations in revenue due to the timing of property sales and the overall schedule of development projects, which may not be indicative of future performance[60] - The company relies on cash flows from pre-sale of properties as a significant source of funding, and delays in construction could restrict pre-sale activities, adversely affecting cash flow and financial position[56] Regulatory and Compliance Risks - The company is subject to PRC regulations that restrict borrowing and pre-sale activities, which could significantly increase financing needs[21] - The PRC government controls land supply and regulates land sales, impacting the company's ability to acquire development sites and increasing land costs, which could diminish gross margins[48] - The real estate industry in China is heavily regulated, requiring property developers to obtain various licenses and permits, which may lead to delays in project development[85] - The company is subject to potential environmental liabilities that could result in substantial compliance costs and project delays[73] - The company is required to pay various statutory employee benefits, and future interpretations of local requirements may lead to additional payments[152] - The company may require approval from the China Securities Regulatory Commission (CSRC) for future equity offerings, which could lead to sanctions if not obtained[108] - The company has improved internal control procedures but cannot guarantee compliance with evolving regulations, which may affect project approvals and timelines[86] Market Conditions and Economic Factors - The PRC property market is experiencing a slowdown, raising concerns over the sustainability of real estate market growth in China[18] - The Chinese economy has experienced uneven growth, with a gradual slowdown since 2010, and the impact of COVID-19 has severely affected economic conditions, potentially leading to reduced demand for housing[42] - The tightening of mortgage financing conditions by PRC banks has led to longer processing periods for loans, affecting the company's revenue recognition[174] - The competitive landscape in the PRC property market is intensifying, with state-owned and private developers posing significant competition[168] - The risk of property oversupply is increasing, which could lead to a drastic fall in property prices and adversely affect the company's revenue[171] - The PRC government's economic policies and social conditions may impact the company's growth and expansion strategies[176] COVID-19 Impact - The COVID-19 pandemic has materially and adversely affected the company's business, results of operations, and financial condition[203] - The company anticipates that the continuing impacts of COVID-19 may lead to a general slowdown in China's real estate industry, affecting demand for its services[203] - The company may experience work suspension and reduced productivity due to COVID-19, adversely affecting service quality and project delivery[203] Financial Obligations and Liabilities - As of December 31, 2022, the company's contractual obligations totaled US$3,637.1 million, with US$2,439.0 million due within one year[28] - The company's outstanding debt securities contain covenants that restrict its ability to take corporate actions, which may adversely affect its financial condition[33] - The company is subject to restrictive covenants in loan agreements that limit its ability to engage in mergers, joint ventures, or other significant corporate actions[31] - The company is exposed to risks of default by customers due to guarantees provided for mortgage loans in China, which could impact financial stability[68] - The company paid $4,068,840, $3,723,398, and $4,557,522 to satisfy guarantee obligations related to customer defaults in 2022, 2021, and 2020, respectively[69] Taxation and Financial Regulations - The company is subject to land appreciation tax (LAT) at progressive rates ranging from 30% to 60% on taxable gains from property sales[130] - Dividends from PRC subsidiaries may be subject to a maximum income tax rate of 20%, reduced to 10% for non-resident enterprises under the EIT Law[135] - If classified as a PRC resident enterprise, the company could face a 25% corporate income tax on worldwide income, adversely affecting net income[137] - LAT provisions require significant management judgment, and discrepancies between provisions and actual assessments may adversely affect financial results[131] Management and Operational Risks - Competition for management talent is intense, and the loss of key management members could materially adversely affect the company's operations and financial condition[65] - The company faces challenges in managing business expansion, including compliance with laws and regulations, which could delay project timelines and increase costs[104] - Future acquisitions may expose the company to unforeseen risks, including liabilities not disclosed during due diligence, which could adversely affect financial performance[101] - Delays in governmental demolition and resettlement processes could increase development costs and delay property development schedules[154] International Relations and Compliance - Political tensions between the U.S. and China could reduce trade and investment levels, adversely affecting the company's business and financial condition[197] - The U.S. government has imposed measures that may restrict China-based companies from accessing U.S. capital markets, impacting the company's stock performance[199] - The company may face administrative penalties, including fines, if found in violation of the Overseas Listing Trial Measures[110] - The company may face a more stringent review process regarding foreign exchange activities, which could adversely affect its financial condition and results of operations[183]
Xinyuan(XIN) - 2020 Q4 - Annual Report
2022-03-08 11:58
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For The Fiscal Year Ended December 31, 2020. OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES ...
Xinyuan(XIN) - 2020 Q3 - Earnings Call Transcript
2020-11-27 16:57
Xinyuan Real Estate Co., Ltd. (NYSE:XIN) Q3 2020 Earnings Conference Call November 27, 2020 8:00 AM ET Company Participants Julia Qian - Investor Relations, Managing Director of The Blueshirt Group Asia Yong Zhang - Director, Chairman, Chief Executive Officer Brian Chen - Chief Financial Officer Conference Call Participants Steven Ralston - Zacks Operator Good day, ladies and gentlemen, and thank you for standing by. Welcome to the Xinyuan Real Estate Company Third Quarter 2020 Earnings Conference Call. C ...