Core Viewpoint - The real estate industry is undergoing a significant adjustment, with many companies facing challenges in inventory reduction, debt reduction, and transformation. Companies with strong financial health and a long-term vision are becoming industry benchmarks [1][3]. Financial Performance - New World Development reported a revenue of HKD 27.681 billion and a core operating profit of HKD 6.016 billion for the fiscal year ending June 30, 2025. The company completed bank refinancing of HKD 88.2 billion, with total debt and net debt both decreasing [3][17]. - The company achieved a positive cash flow of HKD 11.916 billion, with total debt reduced by approximately HKD 5.7 billion and net debt reduced by approximately HKD 3.5 billion during the fiscal year [17]. Market Performance - New World Development set a property sales target of HKD 26 billion for the fiscal year 2025, achieving strong performance in both Hong Kong and mainland markets. The Hong Kong property development revenue was HKD 2.696 billion, while mainland property development revenue was HKD 12.344 billion [5][9]. - The company’s projects in Hong Kong, such as the "滶晨" project, have seen significant sales, with total contract sales exceeding HKD 11.4 billion since its launch in May [5][7]. Strategic Focus - The company emphasizes high-quality development strategies, balancing short-term gains with long-term growth through quality sales projects and operational assets [1][3]. - New World Development plans to increase its sales target for fiscal year 2026 to HKD 27 billion, focusing on both Hong Kong and mainland markets, with strategic projects in key areas [9][10]. Investment and Innovation - The investment segment, particularly the K11 brand, continues to provide stable cash flow, with property investment revenue reaching HKD 5.055 billion. K11's performance in Hong Kong and mainland markets has shown growth, with a 4% year-on-year increase [10][11]. - K11 has adapted to changing consumer demands by enhancing the shopping experience through cultural and artistic elements, achieving record foot traffic and sales during peak periods [10][14]. Debt Management - The company has implemented a "seven measures to reduce debt" strategy, resulting in a decrease in debt levels and improved liquidity, which supports core business development [15][17]. - The focus on debt reduction and cash flow management is crucial for maintaining daily operations and financial health [17].

Group 1 - New World Development Company Limited has reached a new bank financing and unified bank financing agreement covering approximately HKD 88.2 billion of existing unsecured financial debt [1] - The company's financial management strategy focuses on reducing liabilities and improving cash flow, while continuing to fulfill existing financial responsibilities [1] - The recovery of the real estate market in Hong Kong and mainland China, along with the growth in demand for high-end residential properties, has led to the successful launch of several "phenomenal" hot-selling projects [1] Group 2 - As of June 25, the company has achieved its contract sales target of HKD 26 billion for the fiscal year 2024/2025 [1] - In the mainland market, projects in Guangzhou and Shenyang have led sales, with Shenyang's project topping the residential sales chart in May [1] - In Hong Kong, the super luxury project "滶晨" has sold over 330 units at a maximum price of over HKD 538,000 per square meter, attracting both local and overseas buyers [2]