New World Development (NWWDF) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to New World Development Company Limited's FY2025 Interim Presentation, Online Analyst and Investor's Briefing. I am the IR Director, Patrick Cheung. I am the moderator for this briefing session. First of all, let me introduce to you our management in attendance. They are New World Development Executive Director and CEO, Ms. Echo Huang. New World Development Executive Director, Mr. Sitnam Hoy. New World Development Executive Director and CFO, Mr. Edward Lau. New World China COO, Mr. Benny Chan. If you have any questions, please type your questions into the chat box on webcast. I will read out your questions. I will now pass the floor to Echo. Thank you. First of all, thank you investors and analysts for attending our interim results presentation today. This is the first time for me to preside over the results presentation briefing. Since I took over as CEO of the group at the end of November last year and I deeply feel the responsibility, I would like to express my gratitude to our New World team for their full support as usual. I am confident that we will overcome all difficulties. In fact, the property market is facing a lot of challenges now. Interest rates are still on the high. Our company's debt is still at a relatively high level. The property markets on the mainland and Hong Kong still need time to recover. The combination of these factors is a test for us. In face of various challenges, we need to be more composed. I am a person who is used to fighting winning batteries and I will actively promote business development in the future and strive for better results in order to live up to the trust and support of the board and our investors. Therefore, for a period of time in the past, I, together with the management and all colleagues, have been doing ou...