Core Viewpoint - New World Development reported strong mid-year results for the fiscal year 2026, with core profits reaching HKD 3.6 billion and total debt reduced by HKD 1.7 billion, indicating a positive trend in core operational metrics [1] Sales Performance - The company achieved contract sales of HKD 13.8 billion in the first half of fiscal 2026, surpassing half of the annual target of HKD 27 billion, with the Hong Kong market contributing significantly by recording HKD 10.3 billion, the highest since 2021 [1][2] - Multiple projects, including DEEP WATER PAVILIA and THE PAVILIA FOREST, received strong market responses, with some projects selling out immediately upon launch [2] Investment Property Growth - The investment property segment saw a 5% year-on-year growth, providing stable recurring income and supporting overall business development [3][5] - K11 MUSEA in Hong Kong attracted over 10 international luxury brands since July 2024, enhancing its brand appeal and customer traffic [3] Future Outlook - New World Development is expanding its commercial footprint in mainland China, with projects like K11 Atelier Huaihai in Shanghai expected to open in 2026 and a pre-leasing rate exceeding 50% [4] - The company plans to launch several high-quality new projects in the second half of the fiscal year, continuing its "sales property + operating assets" dual-driven strategy [5]

Core Viewpoint - New World Development reported a positive trend in its core operating metrics for the first half of the 2026 fiscal year, with core profit reaching HKD 3.6 billion and total debt reduced by HKD 1.7 billion, indicating effective debt reduction strategies and strong business performance [1] Sales Performance - The company achieved contract sales of HKD 13.8 billion in the first half of the fiscal year, surpassing half of its annual target of HKD 27 billion, with the Hong Kong market contributing significantly by reaching HKD 10.3 billion, the highest since 2021 [6][7] - Multiple projects in Hong Kong, such as DEEP WATER PAVILIA and THE PAVILIA FOREST, received strong market responses, showcasing the company's brand strength and product competitiveness [6] Investment Property Growth - The investment property segment recorded a 5% year-on-year growth, providing stable recurring income that supports overall business development [8] - K11 MUSEA in Hong Kong attracted over 10 international luxury brands since July 2024, enhancing its commercial appeal, while K11 Art Mall maintained a 100% occupancy rate [8][10] Future Outlook - The company plans to continue expanding its commercial footprint in mainland China, with projects like K11 Atelier Huaihai in Shanghai expected to open in 2026 and maintain a pre-leasing rate of over 50% [9] - The rental performance of core commercial and office projects remains strong, with K11 Art Mall in Shanghai and Wuhan achieving occupancy rates of 92% and 90%, respectively [10] - The company aims to leverage its dual-driven strategy of "property sales + operating assets" to achieve high-quality growth and create value for shareholders [11]