ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Retail Trade

CK Hutchison Holdings Ltd.

Company Background

CK Hutchison Holdings runs a broad range of businesses, from telecommunications and retail to energy and infrastructure. The Hong Kong conglomerate operates in more than 50 countries. Chairman Li Ka-shing has long been known as Asia's richest man.

The company was created in 2015 through a merger of two holding entities -- Cheung Kong (Holdings) and Hutchison Whampoa. As part of the reorganization, CK Hutchison spun off real estate businesses in Hong Kong and China into a new company, Cheung Kong Property Holdings.

Major CK Hutchison group members include 3 Group Europe, a mobile communications company; A.S. Watson Group, a retailer that runs around 10,000 drugstores, supermarkets and other shops in Asia and Europe; Husky Energy, an energy developer based in Canada; and Hutchison Port Holdings, which controls more than 50 container terminals worldwide.

In 2015, CK Hutchison acquired O2 UK, Britain's second-largest mobile service provider. The conglomerate actively pursues acquisitions, mainly targeting regulated industries that generate stable cash flow.

The group's history goes back to the 1950s, when Li established Cheung Kong Industries. The company started out manufacturing plastic flowers. Li developed it into a real estate investment business, and in 1979, Cheung Kong acquired British trading house Hutchison Whampoa.

The chairman has maintained close relationships with successive generations of high-ranking Chinese Communist Party officials. Li's first-born son, Deputy Chairman Victor Li Tzar-kuoi, appears almost certain to succeed him.

Business Summary

CK Hutchison Holdings Ltd. is an investment holding company, which engages in the development, innovation, operation and investment in different business sectors. It operates through the following segments: Ports and Related Service; Retail; Infrastructure; Telecommunications; and Finance & Investments and Others. The company was founded on December 12, 2014 and is headquartered in Hong Kong.

Financial Highlights

Dec 2020 HKDUSD
Revenue266,396M34,347.10M
Gross Profit53,229M6,862.94M
Operating income35,151M4,532.10M
Income before tax55,274M7,126.61M
Net income29,143M3,757.48M
EBITDA76,809M9,903.17M
Diluted EPS7.550.97
Dividends Per Share2.310.29
Total Assets1,254.59B161,802.98M
Total liabilities636,948M82,146.03M
Total equity494,296M63,748.46M
Operating cash flow72,689M9,371.97M
Currency in HKDCurrency in USD

Historical Data

 Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020
Revenue 259,842M 248,515M 277,129M 299,021M 266,396M
Gross Profit 90,339M 80,393M 95,648M 73,186M 53,229M
Operating income 36,915M 32,748M 45,179M 52,208M 35,151M
Income before tax 46,463M 46,418M 49,198M 44,869M 55,274M
Net income 33,008M 35,100M 39,000M 39,830M 29,143M
EBITDA 52,513M 49,425M 64,494M 90,337M 76,809M
Diluted EPS 8.55 9.10 10.11 10.32 7.55
Dividends Per Share 2.68 2.85 3.17 3.17 2.31
Total Assets 1,013.46B 1,100.25B 1,232.24B 1,210.97B 1,254.59B
Total liabilities 499,785M 538,189M 653,747M 626,423M 636,948M
Total equity 394,169M 430,056M 446,151M 464,285M 494,296M
Operating cash flow 36,128M 52,404M 54,728M 68,872M 72,689M
 Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020
Revenue 33,474.19M 31,890.26M 35,359.15M 38,163.80M 34,347.10M
Gross Profit 11,637.93M 10,316.29M 12,203.82M 9,340.66M 6,862.94M
Operating income 4,755.58M 4,202.33M 5,764.43M 6,663.26M 4,532.10M
Income before tax 5,985.60M 5,956.51M 6,277.22M 5,726.59M 7,126.61M
Net income 4,252.26M 4,504.14M 4,976.04M 5,083.47M 3,757.48M
EBITDA 6,764.99M 6,342.37M 8,228.85M 11,529.63M 9,903.17M
Diluted EPS 1.10 1.16 1.29 1.31 0.97
Dividends Per Share 0.34 0.36 0.40 0.40 0.29
Total Assets 130,716.54M 140,746.16M 157,387.78M 155,416.72M 161,802.98M
Total liabilities 64,462.18M 68,845.89M 83,499.52M 80,395.15M 82,146.03M
Total equity 50,839.85M 55,013.36M 56,984.42M 59,586.36M 63,748.46M
Operating cash flow 4,654.19M 6,724.65M 6,982.79M 8,790.07M 9,371.97M

Valuation Measures

Dec 2020
PER7.15
ROA2.36%
ROE6.08%
Operating margin13.19%
Profit margin10.93%

Key executives

  • Chairman & Group Co-Managing Director: Tzar Kuoi Li
  • Group Co-Managing Director & Executive Director: Kin Ning Fok
  • Group Finance Director & Executive Director: Frank John Sixt
  • Executive Director & Deputy Managing Director: Tak Chuen Ip
  • Executive Director & Deputy Managing Director: Hing Lam Kam

Shareholders

  • LI FAMILY (30.1%)
  • The Vanguard Group, Inc. (1.6%)
  • BlackRock Fund Advisors (1.5%)
  • Norges Bank Investment Management (1.1%)
  • Southeastern Asset Management, Inc. (0.6%)
  • State Street Global Advisors Asia Ltd. (0.5%)
  • First Sentier Investors (Hong Kong) Ltd. (0.5%)
  • Geode Capital Management LLC (0.4%)
  • Fiduciary Management, Inc. (0.4%)
  • Mackenzie Financial Corp. (0.4%)

Contact Details

  • Website:http://www.ckh.com.hk
  • Address: Cheung Kong Center, 2 Queen's Road Central, Hong Kong, Hong Kong
  • Phone: +852.2128.1188

Related Companies

  • PARKnSHOP (HK) Ltd.
  • NAWAH for Ports Management LLC
  • Wuhan Watsons Personal Goods Store Co., Ltd.
  • Star Classic Investments Ltd.
  • Hutchison Port Investments Ltd.
  • ECT Delta Terminal BV
  • CK Hutchison International (20) Ltd.
  • Hutchison Global Enabling Services Ltd.
  • CK Hutchison International (19) (II) Ltd.
  • CK Hutchison Group Telecom Holdings Ltd.
  • Eversholt UK Rails (Holding) Ltd.
  • CKI Gas Infrastructure Ltd.
  • CKH Gas Infrastructure Ltd.
  • CK Hutchison International (19) Ltd.
  • Longliv Ventures LP
  • Vermillion Aviation (Eight) Ltd.
  • CK Hutchison Capital Securities (Europe) Ltd.
  • Crest Apex Ltd.
  • Karachi International Container Terminal Ltd.
  • CK Hutchison Europe Finance (18) Ltd.
  • CK Hutchison International (17) II Ltd.
  • CK Hutchison Capital Securities (17) Ltd.
  • CK Hutchison International (17) Ltd.
  • Wind Tre SpA
  • CK Capital Investment Ltd.
  • Casaurina Investments Ltd.
  • CK Hutchison International (16) Ltd.
  • CK Hutchison Finance (16) (II) Ltd.
  • Hutchison Finance (16) Ltd.
  • CK Hutchison Finance (16) Ltd.

Competitors

  • CK Infrastructure Holdings Limited
  • Power Assets Holdings Limited
  • Robinsons Retail Holdings, Inc.
  • PT Telkom Indonesia (Persero) Tbk Class B
  • HKT Trust and HKT Ltd
  • PT Sumber Alfaria Trijaya
  • Grupo TMM SAB Class A
  • Seven & I Holdings Co., Ltd.
  • International Container Terminal Services, Inc.
  • Pacific Century Premium Developments Limited
Last Updated on 17 Sep, 2021

You have {{numberArticlesLeft}} free article{{numberArticlesLeft-plural}} left this monthThis is your last free article this month

Stay ahead with our exclusives on Asia;
the most dynamic market in the world.

Stay ahead with our exclusives on Asia

Get trusted insights from experts within Asia itself.

Get trusted insights from experts
within Asia itself.

Try 1 month for $0.99

You have {{numberArticlesLeft}} free article{{numberArticlesLeft-plural}} left this month

This is your last free article this month

Stay ahead with our exclusives on Asia; the most
dynamic market in the world
.

Get trusted insights from experts
within Asia itself.

Try 3 months for $9

Offer ends July 31st

Your trial period has expired

You need a subscription to...

  • Read all stories with unlimited access
  • Use our mobile and tablet apps
See all offers and subscribe

Your full access to Nikkei Asia has expired

You need a subscription to:

  • Read all stories with unlimited access
  • Use our mobile and tablet apps
See all offers
NAR on print phone, device, and tablet media

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more