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Xinyuan Real Estate Co., Ltd. Message Board

  • rchites rchites Nov 8, 2012 9:04 AM Flag

    CHINA TRADE

    In October, Xinyuan Real Estate announced that it had acquired the land use rights for its first project in Beijing. The development site consists of a total area of approximately 621,000 square feet in the city's Daxing District, between the city's fifth and sixth southern ring roads.
    A subsidiary of Xinyuan Real Estate, XIN Development Group, Inc., is proceeding with three U.S. projects. As a component of this strategy, on Sept. 28 the company announced that it acquired a development site in the Williamsburg section of Brooklyn for $54.2 million. The company indicated that the Brooklyn site will accommodate an approximate 506,000 square foot residential condominium development. It will be interesting to see what impact Hurricane Sandy will have on the company proceeding with this project, due to the project's proximity to the Brooklyn waterfront.
    The company also has luxury apartments for resale in Irvine, Calif., and 325 finished lots and 185 acres of raw land in the Reno, Nev., area. It appears that part of the company's strategy will be to market the California apartments, the Brooklyn condominiums, and homes in the Reno area, in China.
    CATALYSTS are for GROWTH Both Top and Bottom Lines 1) For the quarter ended Dec. 31 (Q4), Xinyuan Real Estate beat expectations on revenues and beat expectations on earnings per share.
    2) Compared to the prior-year quarter, revenue increased significantly and GAAP earnings per share expanded significantly.
    3) Quarter Ending DEC 1 Xinyuan Real Estate reported revenue of $199.8 million. The one analyst polled by S&P Capital IQ expected to see revenue of $181.0 million on the same basis. GAAP reported sales were 46% higher than the prior-year quarter's $137.2 million. 4) EPS came in at $0.38. The one earnings estimate compiled by S&P Capital IQ predicted $0.33 per share. GAAP EPS of $0.38 for Q4 were 36% higher than the prior-year quarter's $0.28 per share. 5) Next year's average estimate for revenue is $750.5 million. The average EPS estimate is $1.40. 6) Company Raises Annualized Dividend Payment-
    -Moves from Annual to Quarterly Payment 7) focus on high growth, strategic Tier II & III cities in China, 8) Xinyuan has expanded its network to cover a total population of over 44.7 million people in seven strategically selected Tier II cities, 9) During Quarter they purchase land, reduce our debt, establish a stock buyback program 10) earnings per ADS more than doubling from $0.66 per ADS in 2010 to $1.36 per ADS in 2011 11) We believe that growing revenue by 53% and doubling our profits while adding a 182 million in cash in a period was a major accomplishment 12) Our fourth quarter guidance had been $180 million to $200 million so we achieved the high end of that guidance. Net margins were 14.2%, 14.6% and 15.8% respectively for the same years.
    13) Dividend- US$0.16 per ADS,
    For the four year 2011 our revenue increased by 53% to US $688 million and net profit. At cities US dollar were 100 million which is double from last year.

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