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New World Development
(OTC:0017)
New World Development (0017) vs. S&P 500 (SPY)
New World Development Business Overview & Revenue Model
New World Development Financial Statement Overview
| Breakdown | ||||
| Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 35.78B | 95.55B | 68.69B | 68.47B | 59.25B | Gross Profit |
| 12.85B | 20.76B | 17.41B | 18.06B | 18.89B | EBIT |
| 488.60M | 10.01B | 7.33B | 7.93B | 9.48B | EBITDA |
| 3.74B | 13.91B | 11.22B | 12.15B | 13.31B | Net Income Common Stockholders |
| -17.51B | 900.90M | 1.25B | 1.15B | 1.10B |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 28.24B | 70.01B | 76.54B | 76.21B | 78.16B | Total Assets |
| 445.16B | 616.48B | 635.88B | 627.08B | 600.20B | Total Debt |
| 160.95B | 243.02B | 246.73B | 231.80B | 235.47B | Net Debt |
| 133.55B | 189.24B | 184.99B | 170.98B | 172.18B | Total Liabilities |
| 220.27B | 395.43B | 395.40B | 371.82B | 357.54B | Stockholders Equity |
| 216.11B | 196.05B | 213.36B | 223.33B | 213.02B |
| Cash Flow | Free Cash Flow | |||
| -13.17B | 3.76B | 1.90B | 2.49B | -27.09B | Operating Cash Flow |
| -8.35B | 10.99B | 7.45B | 9.65B | -10.29B | Investing Cash Flow |
| 4.02B | 1.67B | -3.26B | 3.04B | -17.07B | Financing Cash Flow |
| -31.81B | -14.78B | -5.72B | -17.91B | 28.53B |
New World Development Technical Analysis
New World Development Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | $218.06B | 12.32 | 2.88% | 5.02% | 20.91% | -29.29% | |
70 Outperform | $73.57B | 19.11 | 2.17% | 7.17% | -30.38% | -43.73% | |
70 Outperform | $132.86B | 22.97 | 9.72% | 4.92% | -2.63% | -5.90% | |
68 Neutral | $168.33B | 9.82 | 3.16% | 5.67% | 2.10% | -27.28% | |
68 Neutral | $108.69B | 17.07 | 1.94% | 8.99% | -7.64% | -32.01% | |
60 Neutral | $2.81B | 11.39 | 0.21% | 8508.43% | 6.31% | -14.32% | |
51 Neutral | $12.16B | ― | -10.34% | 10.14% | -56.64% | -3398.20% |
New World Development Corporate Events
New World Development Company Limited has revised the terms of reference for its Nomination Committee, effective July 1, 2025. The changes emphasize diversity and independence, requiring the majority of committee members to be independent non-executive directors and at least one member to be of a different gender. This move could enhance the company’s governance and decision-making processes, potentially strengthening its industry position and stakeholder confidence.
New World Development has announced significant changes in its executive team and committee structures, effective May 1, 2025. These changes include the appointment of Ms. Cheng Chi-Man, Sonia to the Nomination Committee, with Mr. Lee Luen-Wai, John taking over as chairman. Additionally, Mr. Wong Man-Hoi will retire as company secretary, succeeded by Mr. Lau Fu-Keung and Ms. Hui Ka-Wai as joint company secretaries. These strategic shifts are expected to enhance the company’s governance and operational efficiency, potentially impacting its market positioning and stakeholder relations.
New World Development reported a decrease in revenues and gross profit for the first half of the 2024/2025 financial year, with a notable loss attributable to shareholders due to market fluctuations and non-cash impairment losses. Despite these challenges, the company achieved significant contracted sales in both Hong Kong and Mainland China, with strong performance in residential projects like The Pavilia Forest. The company continues to focus on cost control and has reduced its short-term and total debt, although it has decided not to declare an interim dividend for this financial year.
New World Development Company Limited anticipates a significant decline in financial performance for the first half of the fiscal year 2025, with a projected core operating profit decrease of 15% to 19% compared to the same period in the previous year. The company attributes an expected loss of approximately HK$6,600 million to HK$6,800 million to substantial impairment losses on development properties, increased fair value loss of investment properties, a sharp drop in bond redemption gains, and absence of one-off property gains from prior periods, despite a stabilizing property market in the region.
New World Development Company Limited has scheduled a board meeting on February 28, 2025, to approve the interim results for the six months ending December 31, 2024, and to discuss the potential payment of an interim dividend. This meeting is critical as it could impact the company’s financial strategies and shareholder returns for the coming year.
New World Development Company has announced the sale of two property units in the State Pavilia residential redevelopment project in Hong Kong. The transactions involve the sale of Property A and Property B to Ms. Ip Mei-Hing, Katherine, the spouse of the company’s chairman, Dr. Cheng Kar-Shun, Henry, for a combined consideration of HK$14,869,000. These sales are classified as connected transactions due to the relationship between the purchaser and the company. Although the transactions are subject to reporting and announcement requirements under the Hong Kong Listing Rules, they are exempt from the need for independent financial advice and shareholder approval due to the applicable percentage ratios.