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Utilities

CLP Holdings Ltd.

Company Background

CLP Holdings is one of Asia's largest electric power companies. It is based in Hong Kong and has total assets of more than $27 billion. The company supplies electricity to 80% of Hong Kong's population. Since 1979, it has been investing in mainland China. CLP generates electricity from coal and nuclear plants and has become one of the largest independent power producers on the mainland. Today, it is focused on renewable energy and high-efficiency coal generation.

The company is also investing in other overseas markets. It regards India as a primary growth market and has gas and coal plants there. CLP also operates Hong Kong's biggest wind power plant project. In southeast Australia, CLP operates integrated energy businesses, supplying electricity to more than 2.6 million customers. It is also working on smart-grid technology in Australia.

Chairman Michael Kadoorie and his family holds around 28% stake in its holdings company. Kadoorie also leads Hong Kong-listed The Hongkong and Shanghai Hotels, which focuses on the development and management of luxury hotels, including the Peninsula brand. The company also has commercial and residential properties in Asia, the U.S. and Europe.

Business Summary

CLP Holdings Ltd. operates as an investment holding company. It engages in the generation and supply of electricity. The firm operates through the following geographical segments: Hong Kong, Mainland China, India, Southeast Asia and Taiwan and Australia. It offers retail services in Hong Kong and Australia. The company was founded on October 24, 1997 and is headquartered in Hong Kong.

Financial Highlights

Dec 2021 HKDUSD
Revenue83,959M10,801.59M
Gross Profit12,363M1,590.53M
Operating income12,363M1,590.53M
Income before tax9,465M1,217.70M
Net income8,491M1,092.39M
EBITDA21,671M2,788.04M
Diluted EPS3.360.43
Dividends Per Share3.100.39
Total Assets239,809M30,759.33M
Total liabilities116,987M15,005.45M
Total equity113,034M14,498.41M
Operating cash flow16,298M2,096.78M
Currency in HKDCurrency in USD

Historical Data

 Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021
Revenue 92,073M 91,425M 85,689M 79,590M 83,959M
Gross Profit 18,786M 18,199M 14,654M 14,844M 12,363M
Operating income 18,786M 18,199M 14,654M 14,844M 12,363M
Income before tax 16,669M 16,305M 5,828M 12,979M 9,465M
Net income 14,249M 13,550M 4,657M 11,456M 8,491M
EBITDA 25,970M 26,024M 22,772M 23,320M 21,671M
Diluted EPS 5.64 5.36 1.84 4.53 3.36
Dividends Per Share 2.91 3.02 3.08 3.10 3.10
Total Assets 228,151M 230,514M 221,623M 234,233M 239,809M
Total liabilities 112,435M 111,373M 106,181M 112,148M 116,987M
Total equity 108,697M 109,053M 105,455M 112,200M 113,034M
Operating cash flow 24,019M 22,373M 21,073M 22,057M 16,298M
 Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021
Revenue 11,815.11M 11,665.00M 10,936.41M 10,261.73M 10,801.59M
Gross Profit 2,410.68M 2,322.02M 1,870.27M 1,913.87M 1,590.53M
Operating income 2,410.68M 2,322.02M 1,870.27M 1,913.87M 1,590.53M
Income before tax 2,139.02M 2,080.37M 743.82M 1,673.41M 1,217.70M
Net income 1,828.47M 1,728.85M 594.36M 1,477.05M 1,092.39M
EBITDA 3,332.55M 3,320.42M 2,906.37M 3,006.70M 2,788.04M
Diluted EPS 0.72 0.68 0.23 0.58 0.43
Dividends Per Share 0.37 0.38 0.39 0.39 0.39
Total Assets 29,185.39M 29,442.29M 28,443.10M 30,208.60M 30,759.33M
Total liabilities 14,382.84M 14,225.06M 13,627.27M 14,463.52M 15,005.45M
Total equity 13,904.67M 13,928.74M 13,534.10M 14,470.23M 14,498.41M
Operating cash flow 3,082.19M 2,854.59M 2,689.52M 2,843.86M 2,096.78M

Valuation Measures

Dec 2021
PER23.43
ROA3.58%
ROE7.53%
Operating margin14.72%
Profit margin10.11%

Key executives

  • Chief Executive Officer & Executive Director: Richard Kendall Lancaster
  • Chief Operating Officer: David Christopher Smales
  • Chief Financial Officer: Nicolas Alain Marie Tissot
  • Chief Strategy & Sustainability Officer: David John Simmonds
  • Chief Corporate Development Officer: Wai Yan Chong

Shareholders

  • KADOORIE MICHAEL D FAMILY (24.9%)
  • The Vanguard Group, Inc. (1.7%)
  • BlackRock Fund Advisors (1.6%)
  • State Street Global Advisors Asia Ltd. (0.7%)
  • Geode Capital Management LLC (0.7%)
  • Walter Scott & Partners Ltd. (0.6%)
  • Massachusetts Financial Services Co. (0.5%)
  • BlackRock Advisors (UK) Ltd. (0.3%)
  • Hang Seng Investment Management Ltd. (0.2%)
  • JPMorgan Investment Management, Inc. (0.2%)

Contact Details

  • Website:http://www.clpgroup.com
  • Address: 8 Laguna Verde Avenue, Hung Hom, Hong Kong, Hong Kong
  • Phone: +852.2678.8111

Related Companies

  • CLP Hydro Power Ltd.
  • CLP (Laiwu) Renewable Energy Ltd.
  • CLP Smart Energy (China) Ltd.
  • CLP Nuclear Power Investment (Yangjiang) Ltd.
  • CLP Nuclear Power Co., Ltd.
  • CLP Power Projects (China) Ltd.
  • CLP Nuclear Power Operations & Management Ltd.
  • CLP Innovation Ventures (Israel) Ltd.
  • Castle Peak Power Co
  • EnergyAustralia NSW Pty Ltd.
  • Roms Nominees Ltd.
  • CLP Innovation Ventures Ltd.
  • CLP Investment Holdings Ltd.
  • CLP Nuclear Power (Yangjiang) Ltd.
  • CLP Innovation Enterprises Ltd.
  • Chin Leong Construction Systems Pte Ltd.
  • CLP Industries (Vietnam) Co. Ltd.
  • CLP Power (Thailand) Ltd.
  • CLP Thailand Renewables Ltd.
  • Energy Australia
  • CLP Group Provident Fund Scheme
  • CLP Investment Funds
  • CLP International Pte Ltd.
  • Apraava Energy Pvt Ltd.
  • China Light & Power (Australia) Ltd.
  • CLP (Penglai) Wind Power Ltd.
  • Qian'an IW Power Co. Ltd.
  • CLP Guangxi Fangchenggang Power Co. Ltd.
  • CLP Power China Ltd.
  • Hong Kong Heritage Project Ltd.

Competitors

  • Ayala Corp.
  • Guangzhou KingTeller Technology Co., Ltd. Class A
Last Updated on 3 Oct, 2022

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