Xinyuan Real Estate Co., Ltd. Announces Second Quarter 2018 Financial Results
Xinyuan Real Estate Co Ltd American Depositary Shares (XIN)
US:NYSE Investor Relations:
ir.xyre.com
Company Research
Source: PR Newswire
BEIJING, Aug. 15, 2018 /PRNewswire/ -- Xinyuan Real Estate Co., Ltd. ("Xinyuan" or the "Company") (NYSE: XIN), an NYSE-listed real estate developer and property manager primarily in China and also in other countries, today announced its unaudited financial results for the second quarter ended June 30, 2018. Second Quarter 2018 HighlightsUnder ASC 606, the Company expects to recognize revenue for contracts executed starting from January 1, 2018, on an "over time" basis using costs incurred, an input measure. Second quarter results reflect the adoption of ASC 606 and may not be directly comparable to prior periods. The adoption of ASC 606 reduced second quarter reported revenues and net income by $212.8 million and $29.2 million, respectively. Contract sales decreased 13.4% to US$633.9 million from US$732.4 million in the second quarter of 2017 and increased 66.5% from US$380.7 million in the first quarter of 2018. Total revenue decreased 26.1% to US$360.6 million from US$488.2 million
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News
- Xinyuan Real Estate Co., Ltd. (NYSE: XIN) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- Xinyuan Real Estate Co., Ltd. (NYSE: XIN) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- Xinyuan Real Estate Co., Ltd. (NYSE: XIN) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- Xinyuan Real Estate Co., Ltd. (NYSE: XIN) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- Xinyuan Real Estate Co., Ltd. (NYSE: XIN) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
XIN
Sec Filings
- 2/7/24 - Form 6-K
- 1/29/24 - Form SC
- XIN's page on the SEC website