China Stock Profile – Xinyuan Real Estate Co., Ltd.

(XIN)1

Statistics for XIN:

P/E NA
Long Term EPS Growth -10%
PEG Ratio NA
Net Margin -20%
Average Rating Value 3.33
Average Rating Hold
Average Target Price 4.45
Current Price 6.85
Year to Date Performance 181%
Institutional Ownership 16%
Short Interest as % of Float 0.76%

Explanation of Terms

P/E - Price divided by Earnings

Long Term EPS Growth - Long-Term (next 3-5 years) EPS Growth Rate estimated by Wall Street analysts
PEG Ratio – P/E to Growth Ratio. Generally the lower the ratio the more attractive the stock
Net Margin – Net Profit divided by Revenue
Average Rating Value – Based on Ratings given by Wall Street analysts. Generally, the lower the value, the
higher the rating
Average Rating – Based on Ratings given by Wall Street analysts
Average Target Price – Based on Target Price given by Wall Street analysts
Current Price – Current Market Price of stock
Year to Date Performance – Year to Date Performance in Price of stock
Institutional Ownership - % of Shares held by Large Institutions
Short Interest as % of Float – Short Interest in the stock as a % of Equity Float

Chart of XIN

XIN Company Profile

XIN is involved in residential real estate development, and property management services in China. It
develops and constructs residential real estate units in Chengdu, Sichuan Province; Hefei, Anhui Province;
Jinan, Shandong Province; Suzhou and Kunshan, Jiangsu Province; and Zhengzhou, Henan Province. XIN’s
1
By H.U.
residential projects consist include multi-layer apartment buildings, sub-high-rise apartment buildings, and
high-rise apartment buildings; and auxiliary services and amenities, such as retail outlets, leisure and health
facilities, kindergartens, and schools. Also XIN instals intercom systems, landscaping, engineering and
management, real estate sale, and purchase and lease businesses.

As of December 31, 2008, the company completed 14 projects with a total ground floor area (GFA) of
approximately 1,001,060 square meters; 10 projects with a total GFA of 1,969,420 square meters under
construction; and 2 projects with a total GFA of 483,522 square meters under planning. Xinyuan Real Estate
Co., Ltd. was founded in 1997 and is headquartered in Beijing in China.

Key Executives of XIN

Mr. Yong Zhang , 45

Chairman, Chief Exec. Officer and Pres
Ms. Yuyan Yang , 46
VP
Mr. Thomas H.R. Gurnee , 57
Chief Financial Officer
Ms. Lisa Wang ,
Director of Investor Relations and Gen. Mang. of Strategy, Investment and Financing Department
Mr. Jacky Zhang ,
Deputy Gen. Mang. of Investor Relations

Major Holders of XIN

TOP INSTITUTIONAL HOLDERS

Holder Shares % Out Value* Reported

FMR LLC 3,884,819 5.14 $14,529,223 31-Mar-09
COMMERZBANK
2,026,335 2.68 $7,578,492 31-Mar-09
AKTIENGESELLSCHAFT
FEDERATED INVESTORS, INC. 956,000 1.27 $3,575,440 31-Mar-09
SHAW D.E. & CO., INC. 212,308 .28 $794,031 31-Mar-09
Invesco Ltd. 209,166 .28 $782,280 31-Mar-09
FRANKLIN RESOURCES, INC 91,900 .12 $343,706 31-Mar-09
RENAISSANCE TECHNOLOGIES, LLC 59,200 .08 $221,408 31-Mar-09
BURNHAM ASSET MANAGEMENT
41,000 .05 $153,340 31-Mar-09
CORPORATION
Geduld, Emanuel, E. 35,000 .05 $130,900 31-Mar-09
Two Sigma Investments, LLC 17,100 .02 $63,954 31-Mar-09

TOP MUTUAL FUND HOLDERS

 Holder Shares % Out Value* Reported
FIDELITY SELECT PORTFOLIOS -
1,479,739 1.96 $10,239,793 31-May-09
FINANCIAL SERVICES
Fidelity Asset Manager 50% 1,300,968 1.72 $9,002,698 31-May-09
FEDERATED KAUFMANN SMALL CAP
758,300 1.00 $3,579,176 30-Apr-09
FUND
Fidelity Asset Manager 70% 664,488 .88 $4,598,256 31-May-09
FIDELITY ADVISOR FINANCIAL
519,952 .69 $3,598,067 31-May-09
SERVICES FUND
Fidelity Asset Manager 20% 211,443 .28 $1,463,185 31-May-09
Powershares Exhg Traded Fd-Powershares
206,225 .27 $973,382 30-Apr-09
Golden Dragon Halter
Advanced Series Tr-AST/Federated
197,700 .26 $739,398 31-Mar-09
Aggressive Growth Port
VARIABLE INSURANCE PRODUCTS FD
162,836 .22 $1,126,825 31-May-09
IV-FINANCIAL SERVICES POR
Fidelity Asset Manager 85% 157,636 .21 $1,090,841 31-May-09

Analysts’ Estimates

Current Qtr Next Qtr Current Year Next Year

Earnings Estimate
Mar-09 Jun-09 Dec-09 Dec-10
Avg. Estimate N/A 0.05 0.33 0.42
No. of Analysts N/A 1 3 3
Low Estimate N/A 0.05 0.18 0.27
High Estimate N/A 0.05 0.56 0.67
Year Ago EPS N/A N/A -0.32 0.33

Analysts estimate earnings growth of 27.3% for XIN next year.

Recent News Headlines for XIN

[April] XIN rated five stars by Motley Fool.

[July] Highlights of XIN first quarter 2009 results as reported by PR Newswire:

Highlights for the First Quarter 2009 Compared to the Fourth Quarter 2008
-- Total revenues were US$39.9 million compared to US$60.8 million in the fourth quarter of 2008.
-- Total gross floor area ("GFA") sales were 47,100 square meters compared
to 61,200 square meters in the fourth quarter of 2008.
-- SG&A expenses as a percent of total revenue declined by approximately
370 basis points to 11.6% compared to 15.3% in the fourth quarter of 2008
-- Net income was US$1.1 million compared to a net loss of US$77.5 million
in the fourth quarter of 2008. During the fourth quarter, the Company
recognized estimated future losses of $22.9 million on its Suzhou
International City Garden project and recorded an impairment charge on
the same project of $58.4 million.
-- Diluted net income per share attributable to ordinary shareholders was
US$0.01, equivalent to US$0.02 per American Depositary Share ("ADS")
 compared to a net loss per share of US$0.51, equivalent to a US$1.02
loss per American Depositary Share ("ADS") in the fourth quarter of 2008.
-- Total debt outstanding declined by US$25.2 million to US$342.5 million.
-- No new projects were started during the quarter and no land was acquired.

XIN Financial Statements

Income Statement PERIOD ENDING 31-Dec-08 31-Dec-07

Total Revenue 356,632 309,725
Cost of Revenue 356,981 208,135

Gross Profit (349) 101,591

Operating Expenses
Research Development - -
Selling General and Administrative 45,922 27,592
Non Recurring - -
Others - -

Total Operating Expenses - -

Operating Income or Loss (46,270) 73,999

Income from Continuing Operations

Total Other Income/Expenses Net 33,360 (4,103)
Earnings Before Interest And Taxes (12,910) 78,583
Interest Expense - 3,204
Income Before Tax (12,910) 75,379
Income Tax Expense 10,730 29,715
Minority Interest - -

Net Income From Continuing Ops (23,640) 45,663

Non-recurring Events
Discontinued Operations - -
Extraordinary Items - -
Effect Of Accounting Changes - -
Other Items - -

Net Income (23,640) 45,663

Preferred Stock And Other Adjustments - (184,968)
Net Income Applicable To Common Shares ($23,640) ($139,305)

Balance Sheet PERIOD ENDING 31-Dec-08 31-Dec-07

Assets
Current Assets
Cash And Cash Equivalents 193,609 370,446
Short Term Investments - -
Net Receivables 33,398 15,012
Inventory - 384,060
Other Current Assets 551,006 828

Total Current Assets 778,013 770,347

Long Term Investments 20,399 9,586
Property Plant and Equipment 122,813 21,197
Goodwill - -
Intangible Assets - -
Accumulated Amortization - -
Other Assets 8,112 6,065
Deferred Long Term Asset Charges 6,829 -

Total Assets 936,166 807,195

Liabilities
Current Liabilities
Accounts Payable 129,113 79,829
Short/Current Long Term Debt 168,967 49,284
Other Current Liabilities 24,271 25,261

Total Current Liabilities 322,351 154,374

Long Term Debt 200,646 229,629
Other Liabilities 12,915 28,517
Deferred Long Term Liability Charges - 4,776
Minority Interest - -
Negative Goodwill - -

Total Liabilities 535,911 417,296

Stockholders' Equity
Misc Stocks Options Warrants - -
Redeemable Preferred Stock - -
Preferred Stock - -
Common Stock 15 15
Retained Earnings (148,365) (123,703)
Treasury Stock - -
Capital Surplus 499,155 490,361
Other Stockholder Equity 49,450 23,226

Total Stockholder Equity 400,255 389,899

Net Tangible Assets $400,255 $389,899

Cash Flow Statement PERIOD ENDING 31-Dec-08 31-Dec-07

Net Income (23,640) 45,663

Operating Activities, Cash Flows Provided By or Used In

Depreciation 2,395 3,542
Adjustments To Net Income 34,853 15,999
Changes In Accounts Receivables (17,216) (785)
Changes In Liabilities 27,007 35,755
Changes In Inventories - -
Changes In Other Operating Activities (266,997) (274,848)

Total Cash Flow From Operating Activities (243,598) (174,675)

Investing Activities, Cash Flows Provided By or Used In

Capital Expenditures (9,004) (1,380)
Investments - (33)
Other Cashflows from Investing Activities - (1,210)

Total Cash Flows From Investing Activities (9,004) (2,623)

Financing Activities, Cash Flows Provided By or Used In

Dividends Paid - -
Sale Purchase of Stock 218 262,882
Net Borrowings 72,718 199,010
Other Cash Flows from Financing Activities (6,260) (13,487)

Total Cash Flows From Financing Activities 66,676 448,405

Effect Of Exchange Rate Changes 12,269 3,294

Change In Cash and Cash Equivalents ($173,656) $274,401

Reference
Finance Yahoo
China Analyst