Xinyuan Real Estate: Difference between revisions - Wikipedia

| area_served = [[Beijing]], [[Hefei]], [[Jinan]], [[Kunshan]], [[Suzhou]], [[Zhengzhou]], [[Xuzhou]] and [[Chengdu]]<ref name="Forbes">{{cite web |title=Xinyuan Real Estate |url=https://www.forbes.com/companies/xinyuan-real-estate/ |website=Forbes |~~accessdate~~access-date=10 July 2018}}</ref>

| key_people = Zhang Yong ([[Chairman]]) Zhang Lizhou ([[Chief Executive Officer|CEO]])

| industry = [[Real estate development]] [[Property management]]

| products =

| services =

| revenue = {{profit}} $449 million - 2009<ref name="Q4 2009">{{cite web|url=http://phx.corporate-ir.net/External.File?item=UGFyZW50SUQ9MzY5NjUxfENoaWxkSUQ9MzY1OTk1fFR5cGU9MQ==&t=1 |title=Xinyuan Real Estate / Q4 2009 Earnings Release |~~accessdate~~access-date=2010-03-13 }}</ref>

| operating_income =

| net_income = {{profit}} $42.4 million - 2009<ref name="Q4 2009"/>

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}}

'''Xinyuan Real Estate Co., Ltd.''' ({{zh|c=鑫苑置业|p=Xīnyuàn Zhìyè}}) is a ~~[[China|~~Chinese]] real estate company.<ref name="Fool">{{cite news | first=Rich | last=Duprey | title=Build Your Fortune With These Winners | date=2010-03-11 | url =http://www.fool.com/investing/small-cap/2010/03/11/build-your-fortune-with-these-winners.aspx | work =The Motley Fool | ~~accessdate~~access-date = 2010-03-13 }}</ref>

Xinyuan has traditionally engaged principally in [[residential]] [[real estate development]] and the provision of [[property management]] services, focusing on [[Chinese city tier system|Tier II cities in China]].<ref>{{cite news |last1=Yuk |first1=Pan Kwan |title=Xinyuan Real Estate: developing in the US with a US look |url=https://www.ft.com/content/2c4aa624-0f43-366d-8810-d3d7508ea235 |~~accessdate~~access-date=11 July 2018 |work=Financial Times |date=May 9, 2013}}</ref><ref name="Milestones">{{cite web|url=http://www.xyre.com/english/about/awards.html |title=Xinyuan Real Estate / Awards & Milestones |~~accessdate~~access-date=2010-03-13 |url-status=dead |archive-url=https://web.archive.org/web/20081207004400/http://www.xyre.com/english/about/awards.html |archive-date=December 7, 2008 }}</ref>

==History==

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<ref>{{cite web |url=https://www.lexis.com/research/retrieve?_m=f5570c92f98f6d26437f092061d13a26&docnum=2&_fmtstr=FULL&_startdoc=1&wchp=dGLzVzB-zSkAz&_md5=28af9bb80db0e2fa3eefbcd36dc94ded |title= Forte Group expands land reserve in Shanghai SHANGHAI}}</ref>

Xinyuan's holding company is based in the [[Cayman Islands]].<ref name="AP 2007-11-26">{{cite news|title=Xinyuan Real Estate discloses IPO terms |date=2007-11-26 |url=http://www.abcmoney.co.uk/news/262007171501.htm |work=Associated Press |~~accessdate~~access-date=2010-03-13 |url-status=dead |archive-url=https://web.archive.org/web/20110722152804/http://www.abcmoney.co.uk/news/262007171501.htm |archive-date=July 22, 2011 }}</ref> On ~~{{date|~~18 April 2008~~-04-18}}~~, Xinyuan's corporate headquarters was relocated from [[Zhengzhou]] to [[Beijing]].<ref name="Milestones"/> On ~~{{date|~~12 December 2007~~-12-12}}~~, Xinyuan made an initial public offering, becoming the first Chinese real estate developer to become listed on the [[New York Stock Exchange]].<ref name="Bloomberg 2007-12-12">{{cite news | first=Brian | last=Louis | title=Developer Xinyuan Rises in First Day of Trading | date=2007-12-12 | url =https://www.bloomberg.com/apps/news?pid=20601080&sid=a6Xtm5BdYB1Y&refer=asia | work =Bloomberg | ~~accessdate~~access-date = 2010-03-13 }}</ref> Underwritten by [[Merrill Lynch]], [[Deutsche Bank Securities]], and [[Allen & Co]], Xinyuan's [[initial public offering]] raised US$245m in capital.<ref name="AP 2007-11-26"/><ref>{{cite news | first=Ilaina | last=Jonas |author2=Lilla Zuill |author3=Jacqueline Wong | title=China's Xinyuan Real Estate IPO raises $245 mln | date=2007-12-12 | work =Reuters }}</ref> [[China Analyst]] reports that Xinyuan's stock is the 2nd fastest growing within its respective industry as of March 2010.<ref name="China Analyst">{{cite news | title=Top 10 Fastest-Growing Home Building and Services Stocks: GFA, XIN, DEER, IRBT, MIDD, NTZ, WHR, MHO, MHK, IFSIA | date=2010-03-12 | url =http://www.cnanalyst.com/2010/03/top-10-fastestgrowing-home-building-and-services-stocks-gfa-xin-deer-irbt-midd-ntz-whr-mho-mhk-ifsia.html | work =China Analyst | ~~accessdate~~access-date = 2010-03-13 }}</ref>

Xinyuan was selected as one of "China's Sixty Best Employers for 2007" in a survey conducted by [[China Central Television]].<ref name="Milestones"/> The [[China Real Estate Top 10 Committee]] has selected Xinyuan as one of "China's Top 10 Overseas-Listed Real Estate Developers", and has awarded it the "Top 100 Chinese Real Estate Companies with Greatest Growth Potential Award" once, and the "Top 100 Chinese Real Estate Companies Award" thrice consecutively.<ref name="Milestones"/>

In 2009, Xinyuan purchased a portion of the real estate portfolio of prolific Brooklyn real estate developer [[Isaac Hager]] who declared bankruptcy.<ref name=RDHigher>{{Cite web|last1=Mairer |first1= Mark |last2=Small |first2= Eddie |title= Isaac Hager’s higher power - The developer is gaining outer borough market share, despite a trail of foreclosures and lawsuits from his early real estate days |publisher=[[The Real Deal (magazine)|The Real Deal]]|date=May 1, 2018 |url= https://therealdeal.com/issues_articles/isaac-hagers-higher-power/ }}</ref> In 2012, the company entered the United States real estate market as XIN Development Group International, Inc.<ref name="Forbes" /> With a development in [[Brooklyn]], [[New York City|New York]], it became the first Chinese developer with a major project in the United States.<ref>{{cite news |last1=Yuk |first1=Pan Kwan |title=China property developers seek US growth |url=https://www.ft.com/content/2fb0eb0c-b426-11e2-ace9-00144feabdc0 |~~accessdate~~access-date=11 July 2018 |work=Financial Times |date=May 7, 2013}}</ref>

In 2017, Lizhou Zhang succeeded Xinqi Wang as CEO.<ref>{{cite news |author1=Hiten Samtani |author2=E.B. Solomont |title=Xinyuan, pioneering Chinese developer in NYC, dismantles local team |url=https://therealdeal.com/2017/12/13/xinyuan-pioneering-chinese-developer-in-nyc-dismantles-local-team/ |~~accessdate~~access-date=11 July 2018 |work=The Real Deal |date=December 13, 2017}}</ref>

On January 7, 2024, the company's US division declared [[Chapter 11 bankruptcy]] protection.<ref>{{Cite web|url= https://news.bloomberglaw.com/bankruptcy-law/china-builder-xinyuans-us-unit-files-for-chapter-11-bankruptcy?context=search&index=4|title=China builder Xinyuan's US division files for Chapter 11 bankruptcy|date=January 7, 2024|access-date=January 8, 2024|website=Bloomberg Law|language=en}}</ref>

==Services and subsidiaries==

Xinyuan provides [[landscaping]] and [[intercom]] systems installation services through two of its 11 subsidiaries, '''Zhengzhou Mingyuan Landscape Engineering Co., Ltd.''' and '''Zhengzhou Xinyuan Computer Network Engineering Co., Ltd.'''<ref name="XREOS">{{cite web|url=http://www.xyre.com/english/about/organization.html |title=Xinyuan Real Estate / Organizational Structure |~~accessdate~~access-date=2010-03-16 |url-status=dead |archive-url=https://web.archive.org/web/20081210200231/http://www.xyre.com/english/about/organization.html |archive-date=December 10, 2008 }}</ref>

===Joint ventures===

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*[http://www.xre.com/ Xinyuan Real Estate Company website]

[[Category:Companies listed on the New York Stock Exchange]]

[[Category:Companies that filed for Chapter 11 bankruptcy in 2024]]

[[Category:Real estate companies of China]]

[[Category:Companies based in Beijing]]