Xinyuan Real Estate Co., Ltd. to Report Fourth Quarter and Full Year 2009 Financial Results on February 11, 2010
09 February 2010 - 1:00AM
PR Newswire (US)
BEIJING, Feb. 8 /PRNewswire-Asia-FirstCall/ -- Xinyuan Real Estate
Co., Ltd. ("Xinyuan" or "the Company") (NYSE:XIN), a residential
real estate developer with a focus on high growth, strategic Tier
II cities in China, today announced that it plans to release fourth
quarter and full year 2009 financial results on Thursday, February
11, 2010, before the market opens. The Company will hold a
conference call at 8:00 am ET on February 11 to discuss fiscal
fourth quarter and full year 2009 results. Listeners may access the
call by dialing 1-719-325-2312. A webcast will also be available
through the Company's investor relations website at
http://www.xyre.com/ . A replay of the call will be available
through February 18, 2010 by dialing 1-719-457-0820, access code:
8055143. About Xinyuan Real Estate Co., Ltd. Xinyuan Real Estate
Co., Ltd. ("Xinyuan") (NYSE:XIN) is a developer of large scale,
high quality residential real estate projects aimed at providing
middle-income consumers with a comfortable and convenient community
lifestyle. Xinyuan focuses on China's Tier II cities, characterized
as larger, more developed urban areas with above average GDP and
population growth rates. Xinyuan has expanded its network to cover
a total population of over 44.7 million people in seven
strategically selected Tier II cities, comprising Hefei, Jinan,
Kunshan, Suzhou, Zhengzhou, Xuzhou and Chengdu. Xinyuan is the
first real estate developer from China to be listed on the New York
Stock Exchange. For more information, please visit
http://www.xyre.com/ . Safe Harbor Statement This press release
contains 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 our
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, but not limited to,
the risk that: our financing costs are subject to changes in
interest rates; our results of operations may fluctuate from period
to period; the recognition of our real estate revenue and costs
relies on our estimation of total project sales value and costs; we
may be unable to complete our property developments on time or at
all; any construction delays, or failure to complete a project
according to our planned specifications or budget, may delay our
property sales, which could harm our revenues, cash flows and our
reputation; the recognition of our real estate revenue and costs
relies upon our estimation of total project sales value and costs;
we may forfeit land to the PRC government if we fail to comply with
procedural requirements applicable to land grants from the
government or the terms of the land use rights grant contracts; we
may fail to obtain, or may experience material delays in obtaining,
necessary government approvals for any major property development,
which will adversely affect our business; increases in the price of
raw materials may increase our cost of sales and reduce our
earnings; we are heavily dependent on the performance of the
residential property market in China, which is at a relatively
early development stage; 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 annual report on Form 20-F
for the year ended December 31, 2008. All information provided in
this press release is as of February 8, 2010. Except as required by
law, we undertake no obligation 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: Mr. Tom Gurnee Chief
Financial Officer Tel: +86-10-8588-9390 Email: Ms. Helen Zhang
Director of Investor Relations Tel: +86-10-8588-9255 Email: In the
United States: Mr. Bill Zima ICR, Inc. Tel: +1-203-682-8200 Email:
Ms. Kate Messmer ICR, Inc. Tel: +1-203-682-8338 Email: DATASOURCE:
Xinyuan Real Estate Co., Ltd. CONTACT: In China: Tom Gurnee, Chief
Financial Officer, +86-10-8588-9390, , or Helen Zhang, Director of
Investor Relations, +86-10-8588-9255, ; In the United States: Bill
Zima, +1-203-682-8200, , or Kate Messmer, +1-203-682-8338, , both
of ICR, Inc. Web site: http://www.xyre.com/
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