Full Year 2024 New World Development Co Ltd Earnings Call (Chinese, English) Transcript

Sep 26, 2024

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Sep 26, 2024 / 09:45AM GMT
Patrick Chong - New World Development Co Ltd - Head of Investor Relations

Friends from the investment sector, greetings. Welcome to New World Development Company Limited's FY 2024 annual presentation online analyst briefing. I am Patrick Chong, Head of Investors Relations, the moderator for this session.

Now let me introduce to you our management in attendance. They are New World Development Non-Executive Vice Chairman, Dr. Adrian Cheng; New World Development CEO, Mr. Eric Ma; New World Development, New World China CEO, Ms. [Eko] Wong; New World Development CFO, Mr. Edward Lau. If you have any questions, please feel free to type your questions into the chat box on webcast. I will read out your questions.

Now I will pass the floor to Adrian.

Adrian Cheng - New World Development Co Ltd - Non-Executive Vice Chairman

Right. Regarding FY 2024 results, I would like to clarify a point. Please do not misunderstand that we have lost HKD20 billion of cash. Actually, we noticed that in the market, there are many people who have aroused a lot of

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