Xinyuan Real Estate Co., Ltd. (“Xinyuan”) (NYSE: XIN) is an NYSE-listed real estate developer and property manager primarily in China and recently in other countries. In China, the Company develops and manages large scale, high quality real estate projects in over ten tier one and tier two cities, including Beijing, Shanghai, Zhengzhou, Jinan, Xi’an, Suzhou, among others. Xinyuan was one of the first Chinese real estate developers to enter the U.S. market and over the past few years has been active in real estate development in New York. The Company aims to provide comfortable and convenient real estate related products and services to middle-class consumers.
Xinyuan was founded in 1997 in Zhengzhou, the capital city of central China’s Henan province. As of December 31, 2014, Xinyuan has completed 32 real estate projects with a total gross floor area (“GFA”) of approximately 4.2 million square meters and comprising a total of 49,265 units.
Xinyuan’s product portfolio consists of multiple rise buildings, sub-high-rise buildings and high-rise buildings, together with auxiliary services and amenities such as retail outlets, leisure and health facilities, kindergartens and schools. In addition, the Company provides property management services for its projects and other real estate-related services to its customers. For the past five years, the Company experienced a revenue CAGR of 15.2%.
The Company acquires development sites primarily through public auctions of government land and adopts a standardized and scalable model as well as development strategy of fast asset turnover to emphasize efficient capital management and strict cost control.