Xinyuan Real Estate Co., Ltd.

Xinyuan Real Estate Co., Ltd. is a real estate developer focused on high-growth cities in China and the United States. The company develops large-scale residential projects, typically comprising multiple residential buildings such as multi-layer, sub-high-rise, or high-rise apartment buildings. Some projects also include auxiliary services and amenities like retail outlets, leisure and health facilities, kindergartens, and schools. Xinyuan also develops small-scale residential properties. In China, their developments target middle-class consumers, aiming to provide comfortable and convenient community living. The company also offers property management services for its developments and other real estate-related services to customers. Development sites in China are primarily acquired through public government land auctions and entity acquisitions. As of December 31, 2023, Xinyuan had 17 projects under construction with a total Gross Floor Area (GFA) of 3,250,436 square meters. As of December 31, 2024, this increased to 16 projects with a total GFA of 3,127,253 square meters under construction, and 7 projects with a total GFA of 1,092,063 square meters under planning. Since its inception, the company has completed 84 projects with a total GFA of approximately 11,787,224 square meters, comprising 133,323 units, with over 98% sold. The company's revenue was US$950.0 million in 2022, US$805.0 million in 2023, and US$514.7 million in 2024. Xinyuan reported a net loss of US$258.7 million in 2022 and US$46.0 million in 2024, and a net income of US$30.5 million in 2023. While primarily focused on China, the company also explores residential real estate development opportunities in other jurisdictions.