The Numbers
The financial numbers for Xinyuan (XIN) are presented in the following table. While sales are down, revenues and income are up. The company is carrying considerable debt, but this is nothing special for a real estate company. Overall, the numbers look OK.
Source: XIN SEC Report
Borrowing Costs
A recent South China Morning Post article notes:
Medium-sized developers have to contend with rising borrowing costs - at 7% to 10% - while the biggest developers, especially state-owned enterprises, enjoy lower funding costs of 3% to 5%. China Overseas Land and Investment (Coli), a