Xinyuan Real Estate Receives Top 100 Chinese Real Estate Companies Award for Third Consecutive Year
April 17 2008 - 7:00AM
PR Newswire (US)
Company Also Receives Top 100 Chinese Real Estate Companies with
Greatest Growth Potential Award ZHENGZHOU, China, April 17
/Xinhua-PRNewswire/ -- Xinyuan Real Estate Co., Ltd. ('Xinyuan' or
'the Company') (NYSE:XIN), a fast-growing residential real estate
developer with a focus on strategically selected Tier II cities in
China, today announced it has been selected as a recipient of the
2008 Top 100 Chinese Real Estate Companies Award by the China Real
Estate Top 10 Committee. Xinyuan has also been selected by the
Committee as a recipient of the 2008 Top 100 Chinese Real Estate
Companies with Greatest Growth Potential Award. "We are delighted
to be recognized as one of the top one hundred companies in China's
real estate industry,' said Mr. Yong Zhang, Xinyuan's chairman and
chief executive officer. 'The Top 100 awards are an important
benchmark for evaluating a real estate enterprise's operational
strength and industry status and these awards further enhance our
brand recognition in the industry." Xinyuan has been recognized in
the Top 100 Chinese Real Estate Companies list for three
consecutive years with the Company's ranking jumping from 87th in
2006 to 44th in 2008. Xinyuan was ranked 4th in the 2008 Top 100
Chinese Real Estate Companies with Greatest Growth Potential
category. According to the selection committee, Xinyuan was
recognized as having strong growth potential because it stands out
among the more than 10,000 real estate developers in China in terms
of scale, growth, profitability and development potential. The
China Real Estate Top 10 Committee is a real estate market research
task force jointly organized by the China Real Estate Association,
the Enterprise Research Institute of the Development Research
Center of the State Council of PRC, the Institute of Real Estate
Studies of Tsinghua University and the China Index Academy. About
Xinyuan Real Estate Co., Ltd. Xinyuan Real Estate Co., Ltd.
('Xinyuan') (NYSE:XIN) is a fast-growing developer of large scale,
quality residential real estate projects aimed at providing
middle-income consumers with a comfortable and convenient community
life. Xinyuan focuses on China's Tier II cities, characterized as
larger, more developed urban areas with above average GDP and
population growth rates. Ranked #1 among all property developers in
Zhengzhou in terms of contracted sales of residential units for the
years 2004, 2005 and 2006, Xinyuan has expanded its network to
cover a total population of over 34.5 million people in 6
strategically selected Tier II cities, including Chengdu, Hefei,
Jinan, Kunshan, Suzhou and Zhengzhou. Xinyuan has completed 14
projects with a total gross floor area ('GFA') of over 1.0 million
square meters within the past 10 years and as of December 31, 2007,
Xinyuan had 8 projects under construction with a total GFA of 1.1
million square meters and 6 additional projects under planning with
total GFA of 1.4 million square meters. With a focus on high asset
turnover, efficient working capital management and strict cost
control, Xinyuan is dedicated to bringing high quality, affordable
homes to China's middle income buyers. For more information, please
visit http://www.xyre.com/ . Safe Harbor Statement This
announcement may contain forward-looking statements. These
statements are made under the 'safe harbor' provisions of the U.S.
Private Securities Litigation Reform Act of 1995. These
forward-looking statements can be identified by terminology such as
'will,' 'expects,' 'anticipates,' 'future,' 'intends,' 'plans,'
'believes,' 'estimates,' 'confident' and similar statements.
Statements that are not historical facts, including statements
concerning Xinyuan's beliefs, forecasts, estimates and
expectations, are forward-looking statements. Forward-looking
statements involve inherent risks and uncertainties that could
cause actual results to differ materially from those projected or
anticipated, including risks that: if we are unable to successfully
manage our expansion into other Tier II cities, we will not be able
to execute our business plan; we face intense competition from
other real estate developers; we may be unable to complete our
property developments on time or at all; our results of operations
may fluctuate from period to period; we are heavily dependent on
the performance of the residential property market in China, which
is at a relatively early development stage; the PRC government may
adopt further measures to curtail the overheating property sector;
PRC economic, political and social conditions as well as government
policies can affect our business and other risks outlined in our
public filings with the Securities and Exchange Commission,
including our registration statement on Form F-1, as amended. All
information provided in this press release is as of April 17, 2008.
Except as required by law, Xinyuan undertakes no duty to update or
revise publicly any forward-looking statements, whether as a result
of new information, future events or otherwise, after the date on
which the statements are made or to reflect the occurrence of
unanticipated events. For more information, please contact: In
China: Ms. Lisa Wang Director of Investor Relations GM of Strategy,
Investment and Finance Department Tel: +86-1350-100-4871 Email: Mr.
Derek Mitchell Ogilvy Public Relations Worldwide (Beijing) Tel:
+86-10-8520-6284 Email: In the United States: Mr. Jeremy Bridgman
Ogilvy Public Relations Worldwide (New York) Tel: +1-212-880-5363
Email: DATASOURCE: Xinyuan Real Estate Co., Ltd. CONTACT: In China
- Ms. Lisa Wang, Director of Investor Relations, GM of Strategy,
Investment and Finance Department, +86-1350-100-4871, or ; Mr.
Derek Mitchell of Ogilvy Public Relations Worldwide (Beijing),
+86-10-8520-6284, or ; In the United States - Mr. Jeremy Bridgman
of Ogilvy Public Relations Worldwide (New York), +1-212-880-5363,
or Web Site: http://www.xyre.com/
Copyright
Xinyuan Real Estate (NYSE:XIN)
Historical Stock Chart
From Jun 2024 to Jul 2024
Xinyuan Real Estate (NYSE:XIN)
Historical Stock Chart
From Jul 2023 to Jul 2024