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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 2022 HKDUSD
Gross Profit45,258M5,779.71M
Operating income25,637M3,273.99M
Income before tax32,689M4,174.57M
Net income36,680M4,684.25M
Diluted EPS9.561.22
Dividends Per Share2.920.37
Total Assets1,148.43B147,142.13M
Total liabilities505,689M64,790.80M
Total equity523,513M67,074.48M
Operating cash flow56,398M7,202.35M
Currency in HKDCurrency in USD

Historical Data

 Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022
Revenue 277,129M 299,021M 266,396M 280,847M 262,497M
Gross Profit 95,648M 73,186M 53,229M 57,228M 45,258M
Operating income 45,179M 52,208M 35,151M 32,680M 25,637M
Income before tax 49,198M 44,869M 55,274M 30,591M 32,689M
Net income 39,000M 39,830M 29,143M 33,484M 36,680M
EBITDA 64,494M 90,337M 76,809M 77,936M 65,425M
Diluted EPS 10.11 10.32 7.55 8.70 9.56
Dividends Per Share 3.17 3.17 2.31 2.66 2.92
Total Assets 1,232.24B 1,210.97B 1,254.59B 1,213.52B 1,148.43B
Total liabilities 653,747M 626,423M 636,948M 581,685M 505,689M
Total equity 446,151M 464,285M 494,296M 513,152M 523,513M
Operating cash flow 54,728M 68,872M 72,689M 51,693M 56,398M
 Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022
Revenue 35,359.15M 38,163.80M 34,347.10M 36,131.85M 33,522.42M
Gross Profit 12,203.82M 9,340.66M 6,862.94M 7,362.56M 5,779.71M
Operating income 5,764.43M 6,663.26M 4,532.10M 4,204.38M 3,273.99M
Income before tax 6,277.22M 5,726.59M 7,126.61M 3,935.62M 4,174.57M
Net income 4,976.04M 5,083.47M 3,757.48M 4,307.82M 4,684.25M
EBITDA 8,228.85M 11,529.63M 9,903.17M 10,026.71M 8,355.16M
Diluted EPS 1.29 1.31 0.97 1.11 1.22
Dividends Per Share 0.40 0.40 0.29 0.34 0.37
Total Assets 157,387.78M 155,416.72M 161,802.98M 155,654.09M 147,142.13M
Total liabilities 83,499.52M 80,395.15M 82,146.03M 74,610.39M 64,790.80M
Total equity 56,984.42M 59,586.36M 63,748.46M 65,819.94M 67,074.48M
Operating cash flow 6,982.79M 8,790.07M 9,371.97M 6,650.46M 7,202.35M

Valuation Measures

Dec 2022
Operating margin9.76%
Profit margin13.97%

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


  • LI FAMILY (30.3%)
  • The Vanguard Group, Inc. (1.7%)
  • BlackRock Fund Advisors (1.5%)
  • First Sentier Investors (Hong Kong) Ltd. (1.2%)
  • Norges Bank Investment Management (1.1%)
  • State Street Global Advisors Asia Ltd. (0.7%)
  • Mackenzie Financial Corp. (0.5%)
  • Baillie Gifford & Co. (0.5%)
  • Geode Capital Management LLC (0.4%)
  • Hermes Investment Management Ltd. (0.4%)

Contact Details

  • Website:
  • Address: Cheung Kong Center, 2 Queen's Road Central, Hong Kong, Hong Kong
  • Phone: +852.2128.1188

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Last Updated on 22 Mar, 2023

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