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New York, NY -- (SBWIRE) -- 03/05/2013 -- Xinyuan Real Estate Co., Ltd. (NYSE:XIN) is a developer of large-scale residential real estate projects aimed at providing middle-income consumers with a comfortable and convenient community lifestyle. Xinyuan has expanded its network to cover a total population of over 64.7 million people in eight selected cities, consisting Beijing, Hefei, Jinan, Kunshan, Suzhou, Zhengzhou, Xuzhou and Chengdu.
The Organization's U. s. Declares growth arm, XIN Development Group International, Inc. (XIN), is a property residential designer that joined the U. s. Declares market with three tasks this year. XIN’s products profile includes multiple increase structures, sub-high-rise structures and high-rise structures, together with reliable solutions and services, such as retail stores, enjoyment and health features, kindergartens and educational institutions. In addition, it provides property management solutions for its improvements and other actual estate-related solutions to its customers.
Housing stocks rallied on Monday but Xinyuan Real Estate Co., Ltd. (ADR)(NYSE:XIN)failed to follow peers and closed 14.58% lower after the news of new housing sector restrictions ready to be put in place by China’s cabinet.
Xinyuan Real Estate Co., Ltd. (ADR) (NYSE:XIN) shares declined 14.58% and closed at $5.04. The company, on Feb. 27, announced its unaudited financial results for the fourth quarter and full year 2012. In the fourth quarter of 2012, total revenue was US$263.1million compared to US$199.8 million in the fourth quarter of 2011 and US$226.1 million in the third quarter of 2012. Net income for the fourth quarter of 2012 was US$33.6 million compared to US$28.3 million for the same period in 2011, and US$31.9 million in the third quarter of 2012.
How Should Investors Trade XIN After The Latest Earnings Report? Find Out Here
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