Xinyuan 1Q17 Results and Signals of a Strong Year

Key information from Xinyuan results and recent developments Xinyuan 1Q17 sales were above guidance and the company hinted that it expects a 42% increase in contract sales for the full year. Net Value delivered for shareholders in 1Q17 through book value increase + dividend of $0.38/share Strong financial condition and prudent approach to land acquisitions … Continue reading Xinyuan 1Q17 Results and Signals of a Strong Year

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

China XD Plastics Update After 1Q Earnings

A follow-up to my recent articles: CXDC Receives An Unfair Buyout Offer When It Is Over 80% Cheaper Than Comparable China-Listed Companies New Disclosures by China XD Plastics about its Sichuan Plant Expansion China XD Plastics released 1Q results yesterday (LINK).  As usual, first quarter results were depressed by the impact of the Lunar New Year holiday, … Continue reading China XD Plastics Update After 1Q Earnings

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

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

New Disclosures by China XD Plastics about its Sichuan Plant Expansion

This article will review information released since March 9 about Xinda's previously undisclosed Sichuan expansion plan (originally described here: CXDC Receives An Unfair Buyout Offer When It Is Over 80% Cheaper Than Comparable China-Listed Companies). On December 12 2016 Xinda signed a contract with the Nanchong City government covering a major expansion of Xinda's Nanchong production facility … Continue reading New Disclosures by China XD Plastics about its Sichuan Plant Expansion

February NBS Price Data in 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 February NBS Price Data in Chinese Cities With Home Price Restrictions

Impact of Recent Vehicle Sales Trends on US Listed Chinese Auto Suppliers (February Update)

Vehicle sales in China were 22.6% higher in February than one year ago. Winter economic activity and data are always distorted by the changing timing of the Lunar New Year which fell on February 8 in 2016 and January 28 in 2017.  Despite the uncertainty introduced by the holiday, two trends stood out: Passenger vehicle sales … Continue reading Impact of Recent Vehicle Sales Trends on US Listed Chinese Auto Suppliers (February Update)