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Kirin Development China, Inc


Company Summary

Kirin Development China, Inc. (KIRI) is a U.S. corporation which controls Huaxia Kirin Real Estate Co., Ltd., the largest non-government developer of residential mixed-use properties in the southern Hebei Province city of Xingtai, North China's oldest city with a population of 7 million.

For 17 years Kirin has specialized in master-planned real estate development in China's Third Tier cities such as Xingtai, where GDP has grown at a double-digit rate for the past four years, and is now the sixth largest economy in Hebei Province.

Kirin Development has recorded a CAGR of 65% since 2004, culminating in profits of USD$8 million in 2009 and projected earnings of USD$20 million in 2010 and USD$35 million in 2011. Kirin became a U.S. public company and completed a USD$1.4 million equity financing in Q1 '11.

Kirin is led by a strong and experienced management team, with a proven record for profitably developing properties with a gross floor area ("GFA") of over 3.5 million square feet ("SF"). Kirin's established brand name has been recognized with numerous honors, and the Company will utilize proceeds from its investment offering to expand its local expertise from Xingtai into a regional reach targeting Third Tier cities of the Greater Bohai Sea Area for future projects.

Kirin's Target Market: 'Move Up' Housing For China's 3rd Tier Cities

Kirin's residential projects target mid-range and high-end customers in Xingtai for "move up" housing needs and master-planned communities in redevelopment areas of the city's 600,000 center core population base.

Current Kirin projects include No. 79 Courtyard and Kirin Bay, with recent first phases selling 50% and 70%, respectively, on their opening weekends. Kirin's estimated average selling prices for these two projects range from USD$70 to USD$86 per SF, compared to prices in Beijing and Shanghai that have reached as high as USD$350 to USD$500 per SF.

The Company's home market of Xingtai demonstrates the real estate development potential of China's Third Tier cities: continued urban migration, a balanced and growing economy, the need for trade up housing from an emerging middle class eager and willing to improve itself economically, and much greater relative affordability than the PRC's First Tier and megacities. Xingtai's historical economy of agriculture and iron and steel has given way to services and energy companies, and was named a National Green Model City since 2006.

With a 4% unemployment rate and multinational companies like Siemens, Cabot and SMI investing in projects in the city, growth prospects are excellent for Xingtai. Its comprehensive transportation system revolves around the north-south Beijing-Guangzhou Railway and the east-west Xingtai-Jinan Highway.

Kirin's Competitive Strengths In Real Estate Development

Kirin has a proven track record of successful large-scale mixed use property development since 2000. Kirin has sold several major completed projects which have a GFA of over 3.5 million SF. Kirin's ability to cater to its customers' preferences has been a major factor in the growth of its business. By leveraging the Company's experience and track record, management believes it can penetrate into the real estate markets in other adjacent Third Tier cities in China's Greater Bohai Sea Area.

Kirin has a widely recognized brand name in an attractive provincial market. The Company has received many awards that acknowledge the quality of Kirin real estate developments, including the "Construction Energy Preservation Award" from the Hebei Bureau of Construction. Management believes that the quality of its real estate developments and the recognition of the Kirin brand name by its customers are major factors in the Company's success.

Kirin has an experienced management team with extensive operating experience and industry knowledge. Kirin's Chairman, Mr. Jianfeng Guo, started his property investing career at age 19, has many years of experience in working in the real estate development business in China, and excellent government contacts. Kirin's CEO Longlin Hu took his last publicly-traded Chinese real estate company from $100 million market cap to over $2 billion. Kirin Chief Operating Officer Junfei Hou is experienced in real estate project cost control and project supervision.

Kirin has substantial premium land reserves at premier locations for use as new development projects, giving Kirin an advantage over its competitors who must acquire land before commencing their next projects. Kirin has a strong financial profile and excellent credit record, including credit facilities with top Chinese banks, who have given the Company a high rating. This allows Kirin to prudently leverage its business and take advantage of development opportunities.

Kirin has a compelling growth strategy to achieve higher returns on projects, continue development of large middle-income residential projects, and expand operations to other Third Tier cities in China.


Kirin Bay

Kirin Bay

Site Area: 6,600,000 SF

Total GFA: 10,000,000 SF

Location: Xingtai, Heibei Province

  No. 79 Courtyard

No. 79 Courtyard

Site Area: 2,900,000 SF

Total GFA: 4,400,000 SF

Location: Xingtai, Heibei Province

 
Kirin County

Kirin County

Site Area: 479,000 SF

Total GFA: 1,800,000 SF

Location: Xingtai, Heibei Province

  Ming Shi Hua Ting

Ming Shi Hua Ting

Site Area: 330,000 SF

Total GFA: 1,092,600 SF

Location: Xingtai, Heibei Province



Office Kirin International  

IR CONTACT
China Overseas Plaza
South Building
8 Guanghua Dongli Rd
Suite 1506
Chaoyang District
Beijing, 100020 PRC
ir@kirinintl.com

  Office Anslow Jaclin  

LEGAL COUNSEL
Anslow & Jaclin
475 Park Avenue South
28th Floor
New York, NY 10016
www.anslowlaw.com

 
Holladay Stock Transfer  

TRANSFER AGENT
Holladay Stock Transfer
2939 N. 67th Place
Scottsdale, AZ, 85251
+1.480.481.3940

Marcum Bernstein & Pinchuk  

AUDITORS
Marcum BP
Seven Penn Plaza
Suite 830
New York, NY 10001
www.marcumbp.com

 
Hunter Wise  

PLACEMENT AGENT
Hunter Wise Securities
2361 Campus Drive
Suite 100
Irvine, CA 92612 USA
+1.949.732.4102
www.hunterwise.com

Global Law Office  

PRC LEGAL COUNSEL
Global Law Office
15/F Tower 1
China Central Place
No. 81 Jianguo Road
Chaoyang District
Beijing 100025, China
+86.10.6584.6688
www.globallawoffice.com.cn




Shares Outstanding 20,000,000 a/o May 16, 2011
Float Not Available
Authorized Shares 500,000,000 a/o May 31, 2010
Par Value 0.0001

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PostSubject
#221   Wolf just sent a mass alert... which means Broncomya 11/10/16 07:21:24 PM
#220   No sales in 2015. What happened? IPO$ 06/18/16 08:29:17 AM
#219   S-1 filed. Raising $50mm IPO$ 06/18/16 08:28:48 AM
#218   This is an interesting find on the OTC, TypicalSeminole 03/21/16 01:52:31 PM
#217   Kirin International Holding Inc., KIRI, changed to Yangtze Renee 01/21/16 04:08:34 PM
#216   Kirin is a legitimate company. My ex ValueGeneral 11/10/15 08:41:32 PM
#215   Can we get this over @ $GDSI ? LucasCharts2008 10/25/15 11:56:04 AM
#214   Ain't nothing slow and relaxing about the last lowman 10/15/15 08:39:10 PM
#213   Nice move in KIRI, not surprising given the protagonist12 10/15/15 03:10:30 PM
#212   Not sure if the co, is a joke, jay one 10/15/15 01:27:29 PM
#211   biggest joke of a stock all time here.. raptors1994 10/15/15 12:30:38 PM
#210   you are on your way of getting blocked MakinBank 10/14/15 06:41:13 PM
#209   Anyone going to play this KIRI promotion? hal8445 10/14/15 01:49:40 PM
#208   They have a merger news. sindominic 10/14/15 10:03:39 AM
#207   Anyone know what's with the action with $KIRI? sandawgboi 10/13/15 01:50:34 PM
#206   $KIRI I like the slow relaxing plays MrK 09/22/15 01:58:53 AM
#205   Loll..well well! Wouldja just look at dis thang!! freshy 09/11/15 03:13:34 PM
#204   Agreed. sindominic 09/11/15 02:28:03 PM
#203   LOL ;-) Yeah higher highs and lows...jeesh who MrK 09/11/15 01:39:45 PM
#202   Check the news. sindominic 09/11/15 01:37:46 PM
#201   cant believe your playing this garbage lol... what raptors1994 09/11/15 01:30:30 PM
#200   Much needed correction MrK 08/26/15 11:46:03 AM
#199   $KIRI still climbing :-) MrK 08/25/15 12:58:18 AM
#198   $KIRI bringing more MrK 08/20/15 04:18:31 PM
#197   $KIRI hits new high $3.10 MrK 08/14/15 03:59:58 PM
#196   $KIRI taking some off the top is a MrK 08/14/15 02:22:24 PM
#195   $KIRI chart is so healthy!! MrK 08/13/15 03:05:29 PM
#194   $KIRI healthy chart, long whick hammer shows play MrK 08/12/15 01:48:00 PM
#193   KIRI numbers continue to impress in light of protagonist12 08/09/15 12:24:05 AM
#191   $KIRI moving higher on the charts ;-) MrK 08/03/15 10:28:09 AM
#190   Well they have to pump before they dump doodycalls 07/31/15 07:32:12 PM
#189   I'm a technical trader, IMO the shares are MrK 07/31/15 04:53:58 PM
#188   this stock is pure garbage... lost a grand raptors1994 07/31/15 04:17:54 PM
#187   $KIRI kicken A$$ :-) MrK 07/31/15 11:44:58 AM
#186   $KIRI Following the 20EMA very well..squeeze coming? ;-) MrK 07/30/15 09:07:41 PM
#185   Don't see that happening doodycalls 07/30/15 04:18:47 PM
#184   Kiri announced that up listing application. sindominic 07/30/15 10:02:03 AM
#183   $KIRI~ Buy on a bullish break here MrK 07/30/15 02:54:18 AM
#182   Its a scam...what a surprise doodycalls 07/29/15 02:22:55 PM
#181   http://seekingalpha.com/article/3367645-kirin-international-holding-inc-highly-p davidsson10 07/29/15 05:24:35 AM
#180   Strong buy. sindominic 07/27/15 11:41:42 AM
#179   Pump started yesterday doodycalls 07/22/15 04:32:34 PM
#178   KIRI about to get some action. hal8445 07/20/15 09:35:19 AM
#177   patience is the key LOL SPACE-CRITTERS-N-CORNFLAKES 07/05/15 01:16:51 PM
#176   Cant believe my eyes.i used to own harley3296 06/01/15 09:57:57 PM
#175   KIRI more kaboomage on ER beat protagonist12 05/29/15 01:59:06 PM
#174   $KIRI recent news/filings stocktrademan 05/16/15 04:51:03 PM
#173   Let's hope today is a good day! Let's buy! Jay5042 03/16/15 10:24:10 AM
#172   KIRI promotion starting today. jenpro 03/16/15 09:33:48 AM
#171   dang hit .33 now back down to .13 SPACE-CRITTERS-N-CORNFLAKES 02/06/15 04:45:45 AM
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