Welcome to our dedicated page for Xinyuan Real news (Ticker: XIN), a resource for investors and traders seeking the latest updates and insights on Xinyuan Real stock.
Xinyuan Real Estate (XIN) delivers innovative residential solutions through integrated property development and technology-driven management. This news hub provides investors with essential updates on the company's strategic initiatives across domestic and international markets.
Access authoritative reports on earnings announcements, partnership developments, and operational milestones. Our curated collection includes official disclosures about project launches, technological advancements in smart community design, and expansion updates from key markets in China and overseas.
Key updates cover financial performance metrics, property management innovations, and progress on international developments. The resource enables stakeholders to track XIN's commitment to quality construction standards and operational efficiency improvements through verified corporate communications.
Bookmark this page for streamlined access to material developments affecting XIN's market position. Regular updates ensure professionals maintain current awareness of this dynamic real estate operator's activities in evolving property markets.
Xinyuan Real Estate Co., Ltd. (NYSE: XIN) announced a delay in filing its Annual Report on Form 20-F for the year ended December 31, 2020, which was due on April 30, 2021. The delay is attributed to an independent review by the Company’s Audit Committee regarding certain transactions that may affect the financial statements. This review is ongoing, and the Company will not file the report until the assessment is complete. The delay does not impact day-to-day operations or the trading of Xinyuan ADSs on the NYSE.
Xinyuan Real Estate Co., Ltd. (NYSE: XIN) announced a partnership with Sino-Ocean Group for a new project in Zhengzhou, China, on March 18, 2021. This collaboration aims at high-quality residential and commercial development, enhancing Xinyuan's portfolio in urban Zhengzhou. The land parcel spans approximately 47,000 square meters and boasts a prime location with access to transportation and amenities. Chairman Zhang Yong emphasized the potential for mutual growth through this partnership, marking it as a significant step forward for both companies.
Xinyuan Real Estate Co., Ltd. (NYSE: XIN) announced the full payment of its 7.75% Senior Notes, totaling $204.8 million, upon maturity on February 28, 2021. The company paid both the principal and accrued interest, signaling a commitment to optimize its debt structure. Xinyuan's Chairman noted improved liquidity due to several major project launches. The company recently issued $270 million in senior notes in the offshore market, reassuring investors about its financial health.
Xinyuan Real Estate Co., Ltd. (NYSE: XIN) has completed an offering of US$170 million in senior notes with a 14.0% annual interest rate, due January 25, 2024. The notes, issued at 100% and listed on the Singapore Exchange, will be used to refinance existing offshore debt and for corporate purposes. The offering was conducted outside the U.S. under Regulation S, ensuring compliance with the Securities Act. The notes are guaranteed and secured by certain subsidiaries of Xinyuan.
Xinyuan Real Estate Co., Ltd. (NYSE: XIN) announced significant changes to its Board of Directors, effective immediately. Mr. Haifei He joins the Board and Investment Committee, bringing over 30 years of leadership experience, including roles at China State Construction Engineering Corporation. Mr. Shangrong Li and Ms. Wendy Hayes have resigned from their director positions to pursue other business opportunities. Chairman Yong Zhang expressed excitement about Mr. He's addition, emphasizing the value of his strategic management experience for Xinyuan's growth.
Xinyuan Real Estate Co., Ltd. (NYSE: XIN) held its 2020 annual general meeting of shareholders on December 18, 2020, in Beijing. The shareholders ratified the appointment of Ernst & Young Hua Ming as the independent registered public accounting firm for the fiscal year ending December 31, 2020. Xinyuan is a real estate developer and property manager active primarily in China and recently in other countries, including the U.S., focusing on quality real estate projects in major cities.
Xinyuan Real Estate Co., Ltd. (NYSE: XIN) announced the early redemption of its corporate bond, totaling RMB 999,986,000, along with accrued interest, prior to its maturity on December 28, 2020. The early payment, equating to RMB 1 billion, was made due to a solid cash position, underscoring the company's liquidity and debt management capability. Chairman Yong Zhang emphasized the company's commitment to fulfilling all financial obligations timely. The bond, originally issued on December 28, 2015, had varying interest rates, reflecting the company's strategic financial management amidst a tightening debt market.
Xinyuan Real Estate Co., Ltd. (NYSE: XIN) has declared a cash dividend of US$0.0125 per common share and US$0.025 per American Depositary Share for Q3 2020. The dividend will be payable before January 8, 2021, to shareholders on record as of December 18, 2020. Operating primarily in China, Xinyuan develops quality real estate in major cities, including Beijing and Shanghai, and has expanded its presence internationally, notably in the U.S. market.
Xinyuan Real Estate Co., Ltd. (NYSE: XIN) reported a strong Q3 2020 with total revenue of US$ 655.4 million, a significant 130.5% increase from the previous quarter. Net income surged 198.0% to US$ 29.5 million, reversing a net loss of US$ 30.1 million in Q2. Diluted earnings per ADS reached US$ 0.46, up 193.3% from the previous quarter. The company is optimistic about ongoing projects, having reduced short-term debt to 37% and significantly enhanced liquidity with ample cash reserves. Despite challenges posed by COVID-19, they anticipate contract sales of around RMB 18 billion for 2020.
