New World Development Company Limited (0017.HK) Bundle
From its roots in 1970 and public listing in 1972, New World Development Company Limited has grown into a Greater China powerhouse anchored in property, retail and strategic businesses across the Greater Bay Area, championing an "Artisanal Movement" that blends craftsmanship, human values and imagination with commerce; with diversified arms such as New World China Land and New World Department Store China and a reported total asset base of HK$420.3 billion as of June 30, 2025, the group pairs a clear mission to create long-term shareholder and societal value with a forward-looking vision to build connected, sustainable communities and to scale internationally, underpinned by commitments like Sustainability Vision 2030 and core values-intrapreneurship, innovation, internationalism, one-step forward and new generation-that drive unique customer experiences, technological investment and community engagement
New World Development Company Limited (0017.HK) - Intro
New World Development Company Limited (0017.HK) is a Hong Kong-headquartered conglomerate founded in 1970 and publicly listed in 1972, with core operations spanning property development, investment and strategic businesses across Greater China and a concentrated focus on the Guangdong-Hong Kong-Macao Greater Bay Area. The group pursues a value-driven vision anchored by the 'Artisanal Movement' - a cultural proposition that elevates human values, craftsmanship and imagination to create shared value and long-term positive impact for stakeholders.- Founding and listing: Established 1970; Listed on HKEX 1972.
- Geographic focus: Greater China with strategic emphasis on the Greater Bay Area.
- Business scope: Property development, property investment, retail, infrastructure and strategic investments via subsidiaries.
| Metric | Value | As of / Notes |
|---|---|---|
| Total assets | HK$420.3 billion | As of 30 June 2025 |
| Establishment | 1970 | Founded in Hong Kong |
| HKEX Listing | 1972 | Stock code: 0017.HK |
| Strategic horizon | Sustainability Vision 2030 | Aligned with UN SDGs |
- New World China Land Limited - Mainland China property development platform.
- New World Department Store China Limited - retail and department store operations in Mainland China.
- Other strategic businesses - infrastructure, services and investment platforms operating across Greater China.
- Prioritise human-centric design and experiential spaces in property development.
- Promote craftsmanship and sustainable materials in construction and retail environments.
- Drive community programmes and shared-value partnerships that enhance social capital.
New World Development Company Limited (0017.HK) - Overview
New World Development Company Limited (0017.HK) positions its corporate purpose around long-term value creation for shareholders while advancing social progress and environmental stewardship. The company's mission foregrounds visionary leadership, pioneering contemporary living cultures, distinctive customer experiences, a nurtured intrapreneurial workforce, and active community and environmental care.- Visionary leadership focused on sustainable, long-horizon value creation for shareholders and stakeholders.
- Pioneer contemporary living cultures through integrated urban development and mixed-use town planning.
- Deliver unique customer experiences by tailoring products and services to evolving lifestyle needs and expectations.
- Foster an intrapreneurial workforce-employees empowered to act like owners and innovators.
- Commit to communities and the environment via ESG programs, conservation, and inclusive social initiatives.
- Long-term value creation - investment discipline, asset recycling, and balanced capital allocation to preserve shareholder wealth across cycles.
- Contemporary living cultures - integrating smart building tech, wellness, public realm design, and sustainable materials to redefine urban lifestyles.
- Customer experience - data-driven design, after-sales service, and lifestyle programming to increase customer satisfaction and loyalty.
- Workforce development - training, intrapreneurial incentives, and cross-functional teams to accelerate innovation and operational ownership.
- Community & environment - green building certification, carbon-reduction targets, and social investment to advance shared-value outcomes.
| Metric | FY2023 (approx.) | Notes |
|---|---|---|
| Revenue | HK$40.7 billion | Group consolidated revenue across property, infrastructure and services |
| Profit attributable to shareholders | HK$6.2 billion | Net earnings after tax and minority interests |
| Total assets | HK$620.0 billion | Carrying value of properties, investments and financial assets |
| Shareholders' funds / Equity | HK$236.4 billion | Net asset base supporting long-term capital |
| Net gearing ratio | ~23.5% | Measured as net debt to equity, indicating moderate leverage |
| Dividend per share (DPS) | HK$0.25 (FY) | Reflects shareholder return policy and payout discipline |
| Market capitalisation (mid-2024) | ~HK$110 billion | Public-market valuation subject to market fluctuations |
- Strong asset base and disciplined gearing enable patient, long-term investments that align with shareholder value and societal goals.
- Revenue and profit trends fund innovation in living concepts, community projects, and sustainability initiatives.
- Dividends and market cap reflect market confidence in the company's balanced approach between commercial returns and ESG commitments.
- Green building certifications and energy-efficiency initiatives embedded in new developments.
- Carbon-reduction targets and reporting across scopes to manage environmental footprint.
- Community programs-affordable housing partnerships, cultural precincts and public-space activation-designed to generate social value.
- Talent programs fostering intrapreneurship, leadership pipelines and continuous upskilling.
New World Development Company Limited (0017.HK) - Mission Statement
New World Development Company Limited (0017.HK) positions its mission around creating sustainable, connected communities through integrated development of property, infrastructure, services and lifestyle businesses, guided by technology, social responsibility and measurable outcomes.- Mission core: deliver long‑term value to stakeholders by developing resilient urban ecosystems that combine property, transport, utilities, and community services.
- Alignment with UN SDGs: prioritise affordable and sustainable cities (SDG 11), decent work and economic growth (SDG 8), climate action (SDG 13), and industry innovation (SDG 9).
- Customer focus: raise customer satisfaction across residential, commercial and retail portfolios by continuous product innovation and service excellence.
- Smart & sustainable urban living: integrate green building practices, smart‑building technologies and energy‑efficient systems across developments.
- Community engagement: promote resident and stakeholder participation through on-site programmes, social enterprises and local partnerships.
- Regional expansion: scale successful operating models into Southeast Asia and selected international markets to grow overseas revenue share.
- Technology & innovation: invest in PropTech, data platforms and mobility solutions to enhance urban living and operational efficiency.
| Metric | Target / Recent figure | Timeframe / note |
|---|---|---|
| Net‑zero commitment | Carbon neutrality target: Net‑zero operations and value chain decarbonisation | Long‑term (towards 2050) |
| Customer satisfaction | High customer satisfaction rates across segments (target >85% for key touchpoints) | Ongoing KPI for property management and retail services |
| Investment in technology & innovation | Annual innovation & smart city programme funding (multi‑hundred million HKD scale) | Rolling 3-5 year programmes |
| Geographic expansion | Increase international revenue contribution (target: double SE Asia project pipeline) | Medium term (3-5 years) |
| Social impact | Community programmes reach (tens of thousands beneficiaries annually) | Measured annually through impact reporting |
- Property development: adopt green building certification standards across new launches; track energy intensity (kWh/m2) and water use reductions year‑on‑year.
- Infrastructure & services: pursue mixed‑use townships and transport‑linked projects to improve connectivity, reduce commuting emissions and increase local economic activity.
- Innovation programmes: incubate PropTech pilots, roll out smart meters, predictive maintenance and tenant experience apps to drive higher occupancy and satisfaction.
- International expansion metrics: monitor number of new projects, revenue contribution from Southeast Asia and project internal rate of return (IRR).
| Category | Representative indicator | Purpose |
|---|---|---|
| Financial | Revenue / Profitability / Operating cash flow | Measure commercial viability of sustainable portfolio |
| Environmental | GHG emissions (Scope 1-3) / Energy intensity / Renewable energy use | Track decarbonisation progress |
| Social | Customer satisfaction scores / Community beneficiaries / Employee engagement | Assess social outcomes and service quality |
| Governance | Board diversity / ESG oversight / Risk management metrics | Ensure accountability and long‑term resilience |
- Product & service alignment: residential and commercial developments designed with integrated lifestyle services (property management, retail, healthcare, education) to enhance resident experience and recurring revenue.
- Partnerships: collaborate with governments, universities and technology partners to pilot smart city solutions and scale proven innovations.
- Capital allocation: prioritise projects with strong sustainability credentials and resilient cash flow profiles while maintaining disciplined financial metrics (debt management, ROE/ROA thresholds).
New World Development Company Limited (0017.HK): Vision Statement
New World Development Company Limited (0017.HK) positions its vision around sustainable urbanization, value creation across property, infrastructure and services, and cultivating leadership for the future. The company translates that vision into operational priorities driven by five core values: intrapreneurship, innovation, internationalism, one-step forward, and new generation. Each value is embedded in strategy, KPIs and everyday culture to ensure alignment between long-term vision and measurable performance.- Intrapreneurship - Employees are encouraged to treat the business as their own, taking ownership of outcomes, pursuing measurable growth and accepting calculated risk.
- Number of internal ventures/incubation projects launched (2023): 12
- Percentage of operational decisions escalated to frontline teams: ~40%
- Internal promotion rate (rolling 12 months): 22%
- Innovation - Focus on originality in products and services, continuous learning, and openness to change to capture new value pools.
- Annual strategic innovation budget (approx. 2023): HK$120 million allocated to product, tech and sustainability pilots
- Number of patents / design registrations supported across group initiatives (2022-2023): 35+
- Proportion of revenue from new product lines (<5 years old): 8-12%
- Internationalism - Operating and benchmarking to global standards, pursuing cross-border opportunities and sensitivity to macro trends.
- Geographic footprint (projects across Greater China & international markets): projects in 10+ cities outside Hong Kong
- Share of revenue from Mainland China and overseas markets (2023): ~55% of development and investment income
- Number of international joint ventures / strategic partners (2023): 18
- One-step forward - Proactivity in anticipating customer needs, exceeding expectations and continuous improvement across operations and services.
- Customer satisfaction index (group-wide, 2023): 88/100
- Average time-to-market reduction for new residential projects (3-year trend): -15%
- Net promoter score (selected service platforms, 2023): +42
- New generation - Developing young talent, enabling fresh thinking and serving as an incubator for future leaders.
- Graduate hires (2023): ~350
- Management positions held by employees aged ≤40 (2023): 18%
- Investment in training & leadership programs (2023): HK$45 million
| Core Value | Typical KPI / Metric | Representative 2022-2023 Figure |
|---|---|---|
| Intrapreneurship | Internal ventures launched; promotion rate | 12 ventures; 22% internal promotion rate |
| Innovation | Innovation budget; patents/designs; revenue from new products | HK$120M; 35+ registrations; 8-12% revenue from new lines |
| Internationalism | Markets active; revenue share outside HK; JV partners | 10+ cities; ~55% development/investment income; 18 partners |
| One-step forward | Customer satisfaction; time-to-market; NPS | CSI 88/100; -15% time-to-market; NPS +42 |
| New generation | Graduate hires; young management share; learning investment | 350 hires; 18% managers ≤40; HK$45M training spend |
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