Xinyuan(XIN)
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Xinyuan(XIN) - 2020 Q2 - Earnings Call Transcript
2020-09-02 22:34
Xinyuan Real Estate Co., Ltd. (NYSE:XIN) Q2 2020 Results Earnings Conference Call September 2, 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. Thank you for standing by and welcome to the Xinyuan Real Estate Company second quarter 2020 earnings conference c ...
Xinyuan(XIN) - 2020 Q1 - Earnings Call Transcript
2020-06-05 19:10
Xinyuan Real Estate Co Ltd (NYSE:XIN) Q1 2020 Results Conference Call June 5, 2020 8:00 AM ET Company Participants Julia Qian - Managing Director, The Blueshirt Group Asia Yong Zhang - Director, Chairman of the Board and Chief Executive Officer Brian Chen - Chief Financial Officer Operator Good day, ladies and gentlemen. Thank you for standing by and welcome to the Xinyuan Real Estate Company Limited First Quarter 2020 Earnings Conference Call. At this time, all participants are in a listen-only mode. Late ...
Xinyuan(XIN) - 2019 Q4 - Annual Report
2020-04-29 12:38
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 x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For The Fiscal Year Ended December 31, 2019. 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 EXCHANGE ACT OF 1 ...
Xinyuan(XIN) - 2019 Q4 - Earnings Call Transcript
2020-04-03 20:21
Xinyuan Real Estate Company Limited (NYSE:XIN) Q4 2019 Earnings Conference Call April 3, 2020 8:00 AM ET Company Participants Julia Qian - Managing Director, The Blueshirt Group Asia Yong Zhang - Chairman of the Board and Chief Executive Officer Brian Chen - Chief Financial Officer Operator Good day, ladies and gentlemen. Thank you for standing by and welcome to the Xinyuan Real Estate Company Limited Fourth Quarter 2019 Earnings Conference Call. At this time, all participants are in a listen-only mode. La ...
Xinyuan(XIN) - 2019 Q3 - Earnings Call Transcript
2019-12-06 19:09
Xinyuan Real Estate Company Limited (NYSE:XIN) Q3 2019 Earnings Conference Call December 6, 2019 8:00 AM ET Corporate Participants Bill Zima - ICR, Investor Relations Yong Zhang - Chairman and Chief Executive Officer Brian Chen - Chief Financial Officer Conference Call Participants Operator Good day everyone and welcome to the Xinyuan Real Estate Company Limited Third Quarter 2019 Earnings Conference Call. Please note that today's call is being recorded. I would now like to turn the conference call over to ...
Xinyuan(XIN) - 2019 Q2 - Earnings Call Transcript
2019-08-16 18:34
Xinyuan Real Estate Co., Ltd. (NYSE:XIN) Q2 2019 Results Earnings Conference Call August 16, 2019 8:00 AM ET Company Participants William Zima - Investor Relations, ICR, Inc. Yong Zhang - Chairman and Chief Executive Officer Yu Chen - Chief Financial Officer Conference Call Participants Edward Choi - TT International HK Operator Good day, everyone, and welcome to the Xinyuan Real Estate Co., Ltd. Second Quarter 2019 Earnings Conference Call. Please note that today's call is being recorded. I would now like ...
Xinyuan(XIN) - 2019 Q1 - Earnings Call Transcript
2019-05-23 16:41
Xinyuan Real Estate Co., Ltd. (NYSE:XIN) Q1 2019 Earnings Conference Call May 23, 2019 8:00 AM ET Company Participants William Zima - ICR Lizhou Zhang - Chief Executive Officer Xuefeng Li - Interim Chief Financial Officer Brian Chen - General Manager, Capital Markets Department Conference Call Participants Operator Good day, everyone, and welcome to the Xinyuan Real Estate Company First Quarter 2019 Earnings Conference Call. Please note that today's call is being recorded. I would now like to turn the confe ...
Xinyuan(XIN) - 2018 Q4 - Annual Report
2019-04-29 12:37
Company Operations - The company operates in 18 markets in China and three locations in the United States, with a total of 96 projects and a total GFA of approximately 15,369,375 square meters as of December 31, 2018[103][105]. - The company aims to expand its operations globally, seeking high-growth opportunities beyond China and the U.S.[100]. - The company has multiple projects in Zhengzhou, including Zhengzhou International New City II and III, contributing significantly to the total units and GFA[107]. - The company has several projects in major cities like Beijing, Xi'an, and New York, indicating a diverse geographical presence[108]. Financial Performance - Revenue for the years ended December 31, 2016, 2017, and 2018 was US$1,561.6 million, US$1,976.9 million, and US$2,217.6 million respectively, with net income of US$79.5 million, US$80.1 million, and US$106.0 million for the same periods[100]. - Total revenue for the year ended December 31, 2018, was $2,217.6 million, an increase from $1,976.9 million in 2017, reflecting a growth rate of approximately 12.1%[209]. - Gross profit for 2018 was US$615.5 million, which is 27.8% of total revenue, compared to 23.2% in 2017[235]. - Net income attributable to shareholders for 2018 was US$73.0 million, a slight increase from US$63.6 million in 2017[235]. - The company recognized real estate management services income of $63.4 million in 2018, which is 2.9% of total revenue, up from $41.7 million in 2017[209]. Project Development - The company completed 52 projects with a total GFA of approximately 7,824,687 square meters, with over 97.4% of the units sold as of December 31, 2018[100]. - The company has 29 projects under construction with a total GFA of 4,480,111 square meters as of December 31, 2018, and 13 additional projects under planning with a total GFA of 3,061,712 square meters[100][105]. - The largest project under construction is the Zhengzhou International New City I, with a total GFA of 360,714 m² and 3,135 units planned, of which 3,046 units have been sold[107]. - The company has a total of 44,036 units planned, with 26,367 units already sold, resulting in a GFA sold of 2,375,857 m²[108]. Sales and Marketing - The total number of units sold across all projects is 26,367, which represents approximately 59.8% of the total planned units[108]. - The pre-sale commencement dates for many projects are set for 2018, suggesting an aggressive timeline for market entry[107]. - The company maintains an internal marketing and sales force and utilizes outside sales agencies for its projects, focusing on customer demographics to tailor advertising and selling plans[141]. Costs and Expenses - The cost of real estate sales increased to $1,543.9 million in 2018, representing 96.3% of total costs, up from $1,474.1 million in 2017[212]. - Land use rights costs rose to $676.3 million in 2018, accounting for 42.2% of the cost of real estate sales, compared to 39.7% in 2017[212]. - Construction costs for the company were $860.7 million in 2018, which is 54.1% of the cost of real estate sales, down from 57.4% in 2017[212]. Regulatory Environment - All land in the PRC is either state-owned or collectively-owned, with urban land generally being state-owned and rural land collectively-owned[154]. - Developers must have a registered capital of not less than RMB1 million and employ at least four full-time professional real estate/construction technicians[157]. - Real estate developers must use proceeds from pre-sales of properties exclusively for construction-related expenses, including purchasing materials and paying construction fees[176]. Cash Flow and Financing - Customer deposits increased significantly to US$1,921.9 million by December 31, 2018, reflecting the importance of pre-sales for cash flow[284]. - Net cash used in operating activities was US$22.9 million for the year ended December 31, 2018, primarily due to an increase in deposits for land use rights of US$452.1 million[284]. - The company issued US$300 million in February 2021 Senior Secured Notes, which bear interest at 7.75% per annum, with a maturity date of February 28, 2021[297]. Market Trends - The company expects continuing economic growth in China and rising disposable income levels to support demand for residential properties over the next several years[199]. - The company has experienced volatility in demand due to strict mortgage policies and other government measures aimed at controlling housing prices[199]. - The overall market momentum in high-growth tier I and tier II cities positively influenced the average selling prices across multiple regions[254].
Xinyuan(XIN) - 2018 Q4 - Earnings Call Transcript
2019-02-15 16:53
DescriptionXinyuan Real Estate Co., Ltd. (NYSE:XIN) Q4 2018 Earnings Conference Call February 15, 2019 8:00 AM ET Company Participants Bill Zima – ICR Lizhou Zhang – Chief Executive Officer Xuefeng Li – Interim Chief Financial Officer Conference Call Participants Michael Prouting – 10K Capital Good day, everyone, and welcome to the Xinyuan Real Estate Company Fourth Quarter 2018 Earnings Conference Call. Please note that today's call is being recorded. I would now like to turn the call over to Mr. Bill Zima ...