BEIJING, March 28, 2012 /PRNewswire-Asia/ -- Xinyuan Real Estate Co., Ltd. (NYSE: XIN), a residential real estate developer with a focus on high growth, strategic Tier II & III cities in China, today announced that it has received two awards from a Chinese study group composed of three institutions including the Enterprise Research Institute of the Development Research Center of the State Council, the Institute of Real Estate Studies of Tsinghua University and the China Index Academy. The Company was recognized as a Top 100 China Real Estate Developer and a Top 10 Real Estate Developer measured by operating efficiency.
The criteria for these awards was based on real estate developers' scale, profitability, growth potential, financial stability, financing capability, operating efficiency, and social responsibility among other factors. Xinyuan was ranked 40th out of 100 among Top 100 Chinese Real Estate Developers and 6th out of 10 among Top 10 Chinese Real Estate Developers measured by operating efficiency.
Mr. Yong Zhang, Xinyuan's Chairman and Chief Executive Officer said, "We are very pleased with this national recognition as a top real estate developer in China. This marks the seventh consecutive year in which we've been awarded a Top 100 developer and the fourth year we've been listed in the top 10 for operating efficiency. The Top 100 awards have become an important criteria used in evaluating the performance of real estate enterprises and their position in China's real estate industry. We appreciate all the efforts being made by our employees and the continued support from our customers. We continue to focus on developing high quality, affordable property projects and remain encouraged with our prospects ahead."
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 & III 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 & III 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.
For more information, please contact:
Mr. Tom Gurnee
Chief Financial Officer
Tel: +86 (10) 8588-9390
Ms. Helen Zhang
Tel: +86 (10) 8588-9255
In U.S.: +1-646-308-1472
In China: +86 10 6583 7511
SOURCE Xinyuan Real Estate Co., Ltd.
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