Editorial Summary

Chinese residential real estate developer Xinyuan Real Estate Co., Ltd. (NYSE: XIN) reported first quarter results before market on Tuesday. Xinyuan recorded total revenues of $125.1 million, up 447 percent from the year-ago period and 36.9 percent quarter-on-quarter. Net income was $33 million, up 379.9 percent year-on-year. By the end of the period, Xinyuan had total developable gross floor area (GFA) of approximately 2.4 million square meters under construction and planning good for 1.5 to 2 years of future sales.

Xinyuan expects total revenues for the full year to come in between $550 million and $630 million with net income between $60 million and $70 million.