New World Development Co Ltd - Company Profile
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New World Development Co Ltd (NWD) is a diversified real estate company. It carries out the development of property, infrastructure department stores, and hotels. The company’s property development business executes projects from land acquisition to property management. Its property investment portfolio includes shopping malls and serviced apartments. NWD’s infrastructure businesses include roads, energy, water, environment, logistics, ports, and aviation. Its service portfolio comprises facilities management, construction, transport, insurance, department store, and strategic investments. NWD also manages and operates Hong Kong Convention and Exhibition Centre. The company has operations in Hong Kong, China, and Southeast Asia. NWD is headquartered in Hong Kong.
Headquarters
Hong Kong
Address
30f, New World Tower, 18 Queen's Road Ce, Hong Kong
Website
www.nwd.com.hk
Telephone
852 25231056
No of Employees
13,000
Industry
Construction
Ticker Symbol & Exchange
17 (HKG)
Revenue (2022)
$12.2B
39.6%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
-5.1%
(2022 vs 2021)
Market Cap*
$2.4B
Net Profit Margin (2022)
XYZ
-32.1%
(2022 vs 2021)
* As of and is in US$
New World Development Co Ltd premium industry data and analytics
Products and Services
| Services |
|---|
| Property Development: |
| Residential properties |
| Commercial complexes |
| XYZ |
| XYZ |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2024 | Contracts/Agreements | In March, the company signed an agreement with Visa to enable an instant loyalty rewards experience for the K Dollar Program. |
| 2023 | Plans/Strategy | In December, the company and China Resources Land announced plans to build a US$1.3 billion housing project in Hong Kong. |
| 2023 | Regulatory Approval | In July, the company received approval to build an additional commercial building for its redevelopment project for The State Theatre. |
Competitor Comparison
| Key Parameters | New World Development Co Ltd | Jardine Matheson Holdings Ltd | Henderson Land Development Co Ltd | Hang Lung Group Ltd | New Century Real Estate Investment Trust |
|---|---|---|---|---|---|
| Headquarters | Hong Kong | Hong Kong | Hong Kong | Hong Kong | Hong Kong |
| City | Hong Kong | Hong Kong | Hong Kong | Hong Kong | Tortola |
| No. of Employees | 13,000 | 425,000 | 9,835 | 4,204 | - |
| Entity Type | Public | Public | Public | Public | Private |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Cheng Kar Shun, Henry | Chairman | Executive Board | 2012 | 76 |
| Doo Wai-Hoi, William | Vice Chairman | Executive Board | 2013 | 79 |
| Cheng Chi Kong, Adrian | Vice Chairman; Chief Executive Officer | Executive Board | 2020 | 43 |
| Lau Fu-Keung Edward | Chief Financial Officer | Senior Management | - | 44 |
| Ma Siu-Cheung | Chief Operating Officer | Senior Management | 2024 | - |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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