BEIJING, Oct. 22, 2013 /PRNewswire/ -- Xinyuan Real Estate Co., Ltd. (NYSE: XIN, "Xinyuan" or "the Company"), a real estate developer with a focus on high growth cities in China, today announced that the Company has been listed on Forbes Asia's "Best Under A Billion" list in 2013. This is the first year in which the Company debuts on the list.
The "Best Under A Billion" list is published by Forbes Asia to recognize 200 of the best small and midsized listed companies in Asia Pacific with annual revenue under $1 billion. To qualify for the selection, companies must have revenue between $5 million and $1 billion, positive net income and be publicly traded for at least a year. From a universe of 15,000 companies, qualified candidates are screened on sales growth, earnings growth and return on equity. The result is a final list featuring 200 exceptional small and midsized companies from Asia Pacific.
Mr. Yong Zhang, Chairman of Xinyuan, commented, "We are honored that Forbes Asia has recognized Xinyuan as one of Asia's 200 'Best Under A Billion' companies. This recognition reflects our substantial business achievements and strong growth potential in the real estate development industry."
For the complete list of companies on Forbes Asia's "Best Under A Billion" list, please visit http://www.forbes.com/asia200/list/.About Xinyuan Real Estate Co., Ltd. Xinyuan Real Estate Co., Ltd. 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. In China, Xinyuan primarily focuses its development projects in Tier II cities, Zhengzhou, Ji'nan, Suzhou, Kunshan, Xuzhou, Chengdu and Hefei. The Company's U.S. development arm, XIN Development Group International, Inc. is a pioneer amongst Chinese real estate residential developers, entering the U.S. market in 2012. Xinyuan is the first real estate developer from China listed on the New York Stock Exchange. For more information, please contact: Xinyuan Real Estate Co., Ltd. Ms. Helen ZhangFinancial ControllerTel: +86 (10) 8588-9255Email: firstname.lastname@example.org ICR, LLC William Zima In U.S.: +1 646-308-1472 In China: +86 (10) 6583-7511 Email: email@example.com SOURCE Xinyuan Real Estate Co., Ltd.