Core Viewpoint - New World Development reported a significant decline in revenue for the six months ending December 31, 2025, primarily due to reduced construction income and fewer property deliveries in mainland China [1] Financial Performance - Revenue decreased by approximately 50% year-on-year to about HKD 8.391 billion [1] - Gross profit fell by 25% year-on-year to HKD 5.038 billion [1] - Core operating profit declined by about 18% to approximately HKD 3.636 billion [1] - The net loss attributable to shareholders was around HKD 3.73 billion, narrowing by 44% year-on-year [1] Sales Performance - Contract sales from property development and asset disposals amounted to approximately HKD 13.8 billion [1] - Contract sales in Hong Kong were about HKD 10.3 billion, mainly from residential projects [1] - In mainland China, the attributable contract sales were approximately RMB 3.2 billion, with the southern region, particularly the Greater Bay Area, contributing around 60% [1]