新世界发展中期报告 2024/2025

2 0 2 4 / 2 0 2 5 4 : •16,7891.6%8%6,675•4,416•6,633•1,734•6,644•52•7560%•1,6151,202•944556•35%9%•20256 30•20241231340220120•202412 3120246 309451 (1)(2) 2024AI 20242025 20252 28 202412 3116,7894,4161.6%18%35%9% 4,9516,633202312 311,951 2024202471270%91% 1,7347058885,222Miami QuayArtisan LabArtisan Hub31,300202412 31760514352022 202412 3112,3202025202620252026Miami QuayDoubleCoastIII 2024 1,6151,202K1113% K11 MUSEA(Saint Laurent)(Loewe) K11 Art Mall2%K11Art Mall(CHAGEE)(Salomon)Common Man Coffee RoastersZ 202412 31K11 ATELIER King’s RoadK11ATELIER93%99%93%80%8320244202412 3140% 202412 317233461,5531112,3001,500 202492024122025 2024 6,6442,699 20•1260%6032024112024111202411 753223,60060%• 202412 318320252026 78.4202588.4 2024487,8953.5%2024 944556 K112024123K11K1120241296%K11 K11202412 3190%K11 K11 SelectGEN-Z202412 3195%K11 Select317% K11 Select32IPMoody TigerX11 Zoraa 4.04%2% The PARK by K11 Select202492812TSUTAYABOOKSTOREThe PARKby K11 SelectChloeBurberryPerfumeBoxMF by G.C.D.C Ferragamo NEW PARKMALL+PARK202412 3192%19020241,500 CBDCBD10%202412 3197% 202412 31299174246128 4%10%2,300202420251 13% 14%20242024202454202412 20244,00022%202440%1,760202459020237.2%3% 202412 31176,595 2025 202412 3110.720251STATE PAVILIA38820251 1131327932STATE PAVILIA202551,000STATEPAVILIA9520252025STATE PAVILIA900 K11 MUSEA12K11MUSEAK11 Art MallZ 2025•2026 7412202562025 K11K11 ECOAST20254 28228,500K11 ECOASTK11 HACCK11 ATELIERPromenadeK11K11 Select2025 20252 28 202412 31 202412 31 202412 31 202412 31 202412 31 202412 31 1 202412 3134D220246 30 202412 315,700.6202412 31146,488.332,209.11221,418.2440.1 202412 31202412 31 202412 3112 (i)202412 31216,645.4 (ii) (iii) (v) 202412 3112 1 20246 30 (a) 20256 30 1151677 (b) 20257 1 219710281819 11 2 (a) 2024 (b) •1•2•3 1 23 2 (b) 202412 313 3 202312 315 4 16.5%202316.5% 12%25%202312%28% 5%10%20235%10% 30%60%202330%60% 110.9202347.576.4 6 202412 31202312 31 7 202412 311,952.220233,727.31,039.02023200.0 8 8 31920246 30319398020246 303980 9 13 16 17 202312 3120246 30 202412 31464.3 2,532.62024123123,105.435,691.4 20248600.04,680.020274.75%53432027500.03,900.06.15%531245.9357.7108.6846.896%100%2027458.43,575.3345.32,693.4 20248400.03,120.08.625%2028100%395.23,082.6 202412 3121,858.320246 3027,990.1124,630.020246 30123,657.157.5%20246302.5 202412 31139,525.720246 30141,132.1202412 316,962.620246 3010,515.1202412 3120246 30 202412 31216,645.420246 30224,888.8 202412 31202412 31 202412 312025260 2024718,677.6 13.2013.22 202412 31 10,278.020246 3010,118.03.45%10%2024 6 303.45%10% 13.22202412 31 202412 31 20256 3020240.2 20248 120248 9 202412 3120241231 20246 26Total Partner Holdings LimitedShine Through Holdings Limited1,440.51,548.930%20248 27 20249 26AC Group Limited209.0K11 Commercial Management Group Company LimitedK11 Loyalty ProgramLimitedK11 Gentry Club Limited Globo Travel Agency LimitedK11202411 20241128416.7New World Sports DevelopmentLimitedNWSDNWSD75%202411 29NWSD 202412 31 202412 31C1C.1.3 C.1.3C.1.3C310,500 622436 2024/202520246 30436 662(3)6320246 30 406(2)407(2)407(3) 202412 31 13.51B(1)2024 1.202411 29 2.202411 29202412 28 3.202410 31202412 31 4.202411 295.202411 296.202411 297.202411 2920251 18.202410 10(ESCAP)(ESBN)ESBN9.202412 120251 110.202411 111.20251 1512.202412 13 ESGUN SDGs2030+SV2030+TCFD GRITCFDISSBS1IFRS S1S2IFRS S2UNGCSASB 202412 3110,50017.14 202412 3120247 120241231226,834,911 202412 31352 (1)(2) (B) (1) (1)1.07.8 (1)(2) (3) NWD (MTN) LimitedNWD (MTN) 202412 31352 336202412 31 (1)CYTFHCTFC 48.98%CTFC(2)CYTFH-IICTFC 46.65%CTFC(3)CTFC81.03%(4)100%(5) 202412 31336 16-1830(852) 2523 1056(852) 2810 4673 GBM GBS UFJ BBS JPSBS JP BBS JPGBM GBS JPBBS JP 00170017.HK17 HK 16-1830(852) 2523 1056(852) 2810 4673ir@nwd.com.hk 1617 www.nwd.com.hk :(852) 2523 1056:(852) 2810 4673www.nwd.com.hk