XIN - Xinyuan Real Estate - 2nd Quarter Earnings Report: A Small Ray Of Hope
Elliott R. Morss, Ph.D. ©All Rights Reserved
Introduction
A lot remains unknown about Xinyuan's future. And there are certainly a number of troubling signs. But there are also statements from Xinyuan Real Estate (XIN) that offer some hope. The following does not include a systematic review of the numbers contained in the most recent quarterly report because with the accounting changes, it is not clear what they mean. Instead, I indicate what we know about the accounting changes. I then discuss worrying signs followed by hopeful signs.