新: Novelty, emerging talent. When used in personal names, it conveys meanings of innovation, reform, originality, and prosperity.
年: Time and age. The character "年" (Nián) symbolizes a wish for auspiciousness, health, and smooth prosperity year after year.
Meaning: The New Year signifies a fresh start, hope, and prosperity, symbolizing bidding farewell to the old and welcoming the new.