Editorial Summary

Chinese residential real estate developer Xinyuan Real Estate Co., Ltd. (xyre.com) (NYSE: XIN) reported 2007 fiscal results before market open on Tuesday. For the full year, the company recorded US$309.7 million in revenue, up 117.6 percent year-on-year, and US$42.5 million in net income, up 163.8 percent from 2006. In the fourth quarter, Xinyuan recorded revenue of $91.4 million, up 114 percent from the year-ago period, and net income of $6.6 million, up 81.1 percent from the fourth quarter of 2006. By the end of the year, Xinyuan had a total developable gross floor area (GFA) of approximately 2,498,570 million square meters of land under construction and planning good for 1.5 to two years of future sales.