Xinyuan Science & Technology Service (NEEQ:870929) 2016 Results

Xinyuan Science & Technology Service (STS), the property management subsidiary of Xinyuan Real Estate, filed its 2016 Annual Report (LINK).  Highlights: The company's NEEQ listing was approved on 3/15/17 (LINK), but the ownership structure shows that no shares are yet publicly held: Combining Xinyuan STS year-end results with valuation ranges of Hong Kong listed competitors … Continue reading Xinyuan Science & Technology Service (NEEQ:870929) 2016 Results

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Xinyuan Real Estate: Improving Profitability Not Reflected in Falling Share Price

A year of excellent progress in operating performance and delivery of value to shareholders has not been fairly reflected in Xinyuan's share price which sits near a 52 week low. Improving profitability removes justification for a lower valuation than Hong Kong listed peers whose share prices have risen sharply. Xinyuan's average gross margin on projects … Continue reading Xinyuan Real Estate: Improving Profitability Not Reflected in Falling Share Price

March NBS Price Data in Leading Chinese Cities With Home Price Restrictions

China’s National Bureau of Statistics (NBS) released its monthly report on home sale prices (LINK).  The report provides less coverage and less detail than the private Fang/Soufun 100 city index whose release has been suspended.  Increased government control over price data seems to be an intangible measure to cool speculation. The NBS report still provides … Continue reading March NBS Price Data in Leading Chinese Cities With Home Price Restrictions

Xinyuan 1Q17 Contract Sales Estimate from CRIC

China Real Estate Information Corporation (CRIC – a subsidiary of E-House) released estimated 1Q17 sales data for the country’s top 100 property developers (LINK).  Xinyuan China is shown at #72 with estimated attributable sales of 4.49Bn RMB for the quarter. CRIC does not have access to any official company records and compiles its estimates from … Continue reading Xinyuan 1Q17 Contract Sales Estimate from CRIC