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Utilities

Power Assets Holdings Ltd.

Business Summary

Power Assets Holdings Ltd. engages in the generation, transmission, and distribution of electricity. It operates through the following segments: Investments in Hong Kong Electric Investments (HKEI), Investments, and All Other Activities. The Investments in HKEI segment invests in the generation and supply of electricity business in Hong Kong. The Investments segment includes investment in energy and utility-related businesses, and is segregated further into the geographical segments, such as the United Kingdom, Australia, and other regions. The All Other Activities segment represents other businesses carried out by the group. The company was founded on April 9, 1976 and is headquartered in Hong Kong.

Financial Highlights

Dec 2020 HKDUSD
Revenue1,270M163.74M
Gross Profit----
Operating income1,309M168.77M
Income before tax1,089M140.40M
Net income6,132M790.61M
EBITDA1,313M169.28M
Diluted EPS2.870.37
Dividends Per Share2.810.36
Total Assets93,552M12,065.23M
Total liabilities8,786M1,133.11M
Total equity84,766M10,932.11M
Operating cash flow6,912M891.18M
Currency in HKDCurrency in USD

Historical Data

 Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020
Revenue 1,288M 1,420M 1,555M 1,348M 1,270M
Gross Profit 1,282M 1,418M 1,553M -- --
Operating income 473M 911M 1,313M 1,674M 1,309M
Income before tax 4M 8,416M 7,690M 1,664M 1,089M
Net income 6,417M 8,319M 7,636M 7,131M 6,132M
EBITDA 473M 912M 1,314M 1,676M 1,313M
Diluted EPS 3.01 3.90 3.57 3.34 2.87
Dividends Per Share 7.72 16.30 2.80 2.80 2.81
Total Assets 129,777M 107,001M 91,437M 93,571M 93,552M
Total liabilities 11,366M 11,421M 7,880M 8,079M 8,786M
Total equity 118,411M 95,580M 83,557M 85,492M 84,766M
Operating cash flow 4,564M 4,879M 6,882M 5,794M 6,912M
 Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020
Revenue 165.92M 182.21M 198.40M 172.04M 163.74M
Gross Profit 165.15M 181.96M 198.14M -- --
Operating income 60.93M 116.90M 167.52M 213.65M 168.77M
Income before tax 0.51M 1,079.96M 981.17M 212.37M 140.40M
Net income 826.67M 1,067.52M 974.28M 910.12M 790.61M
EBITDA 60.93M 117.03M 167.65M 213.90M 169.28M
Diluted EPS 0.38 0.50 0.45 0.42 0.37
Dividends Per Share 0.99 2.09 0.35 0.35 0.36
Total Assets 16,738.61M 13,687.71M 11,678.74M 12,008.90M 12,065.23M
Total liabilities 1,465.98M 1,460.99M 1,006.46M 1,036.85M 1,133.11M
Total equity 15,272.63M 12,226.72M 10,672.27M 10,972.04M 10,932.11M
Operating cash flow 587.95M 626.08M 878.08M 739.48M 891.18M

Valuation Measures

Dec 2020
PER14.61
ROA6.55%
ROE7.20%
Operating margin103.07%
Profit margin482.83%

Key executives

  • Chief Executive Officer & Executive Director: Chao Chung Tsai
  • Chief Financial Officer: Kee Ham Chan
  • Senior Manager-Business Development: Tak Kei PAK
  • Executive Director: Loi Shun Chan
  • Secretary & Group Legal Counsel: Wai Cheong Ng

Shareholders

  • CK Infrastructure Holdings Ltd. (35.9%)
  • BlackRock Fund Advisors (1.8%)
  • The Vanguard Group, Inc. (1.6%)
  • Lazard Asset Management Pacific Co. (1.5%)
  • Norges Bank Investment Management (1.0%)
  • Geode Capital Management LLC (0.6%)
  • State Street Global Advisors Asia Ltd. (0.5%)
  • BlackRock Asset Management Ireland Ltd. (0.4%)
  • Capital Research & Management Co. (Global Investors) (0.4%)
  • BlackRock Advisors (UK) Ltd. (0.4%)

Contact Details

  • Website:http://www.powerassets.com
  • Address: Cheung Kong Center, 2 Queen's Road Central, Hong Kong, Hong Kong
  • Phone: +852.2122.9122

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Competitors

  • CK Infrastructure Holdings Limited
  • CK Hutchison Holdings Ltd
  • Cenovus Energy Inc.
  • CK Asset Holdings Limited
Last Updated on 7 Dec, 2021

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