New World Development Co Ltd

New World Development's loss widened in its fiscal year ending June 2026. Core operating profit rose 28 percent, but the company withdrew from a Hong Kong airport development project to prioritize financial improvement and increased its credit facility to 4.9 billion Hong Kong dollars. On the Chinese mainland, Anhui Jianghuai Automobile Group signaled intent to collaborate with Huawei and Stellantis, Xinjiang Tianye plans to acquire four mining companies for 865 million yuan, and the controlling shareholder of Guangdong Dongyangguang Technology Holding is set to increase its stake by 600 million to 1.2 billion yuan. Nanjing Weier Pharmaceutical Group plans to buy back 50 million to 100 million yuan of its own shares, while the major shareholder of Shaanxi Beiyuan Chemical Group will sell up to 5.5 percent of its shares. In Hong Kong, Li Auto's September deliveries fell 6 percent, and 14 mainland-listed companies have shelved or postponed Hong Kong listings so far this year.