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Consumer Non-Durables

Swire Pacific Ltd.

Company Background

Swire Pacific is a Hong Kong conglomerate with a workforce of over 130,000 staff around the world. It operates business units in the areas of property development, aviation, marine services, beverages and trading. John Slosar became its chairman in 2014. U.K-based John Swire & Sons holds a 49% stake in Swire Pacific.

The conglomerate owns 82% of Hong Kong-listed Swire Properties, one of the region's leading property developers. Swire Properties operates offices properties, hotels, and major shopping malls in Hong Kong, mainland China, and the U.S.

The company has a 45% stake in Cathay Pacific Airways, the special administrative region's flag carrier, offering passenger and cargo services to about 200 cities worldwide. Its marine services unit, Swire Pacific Offshore, owns and operates around 90 offshore support vessels.

Swire's beverages unit has had a strategic partnership with Coca-Cola since the 1960s, and became one of the largest franchises in the world. It manufactures 57 brands and supplies a franchise population of more than 450 million people. Its sales territories include the U.S., Hong Kong, Taiwan and seven provinces in mainland China.

Its trading and industrial division includes automotive trading in Hong Kong, mainland China, Taiwan, Malaysia. It also operates wholesale and retail sales of casual shoes, apparel and accessories across China.

Business Summary

Swire Pacific Ltd. is a holding company with a portfolio of diversified businesses. It operates through the following divisions: Property, Aviation, Beverages, Healthcare, and Trading and Industrial. The Property Division develops, owns and operates mixed-use, principally commercial, properties in the HKSAR and the Chinese Mainland. The Beverages Division comes under Swire Coca-Cola, which manufactures, markets and distributes products of The Coca-Cola Company in the Chinese Mainland and in the HKSAR, Taiwan region, Cambodia, Vietnam and an extensive area of the western USA. The Aviation Division provides flight catering and ramp and passenger handling services and owns and operates a cargo terminal at Hong Kong International Airport. The Trading & Industrial Division has interests in the following companies: Swire Resources, Taikoo Motors, Swire Foods and Swire Environmental Services. The company was founded in 1816 and is headquartered in Hong Kong.

Financial Highlights

Dec 2022 HKDUSD
Gross Profit34,188M4,366.01M
Operating income10,652M1,360.32M
Income before tax10,362M1,323.28M
Net income3,836M489.88M
Diluted EPS2.430.31
Dividends Per Share30.38
Total Assets434,766M55,703.88M
Total liabilities118,830M15,224.95M
Total equity258,456M33,114.36M
Operating cash flow8,156M1,041.56M
Currency in HKDCurrency in USD

Historical Data

 Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022
Revenue 84,606M 85,652M 78,356M 91,229M 91,169M
Gross Profit 30,867M 31,821M 30,497M 35,273M 34,188M
Operating income 10,450M 10,693M 9,642M 11,769M 10,652M
Income before tax 32,346M 11,750M 5,891M 10,356M 10,362M
Net income 23,629M 9,007M -5,993M 4,956M 3,836M
EBITDA 14,248M 15,516M 13,820M 15,840M 14,617M
Diluted EPS 15.73 5.99 -7.32 3.30 2.43
Dividends Per Share 3 3 1.70 2.60 3
Total Assets 436,405M 441,397M 433,110M 435,667M 434,766M
Total liabilities 111,290M 111,903M 113,964M 112,047M 118,830M
Total equity 270,424M 273,352M 262,692M 266,515M 258,456M
Operating cash flow 15,436M 10,541M 11,459M 11,665M 8,156M
 Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022
Revenue 10,794.96M 10,931.69M 10,102.63M 11,736.89M 11,642.82M
Gross Profit 3,938.35M 4,061.28M 3,932.05M 4,537.98M 4,366.01M
Operating income 1,333.32M 1,364.73M 1,243.16M 1,514.11M 1,360.32M
Income before tax 4,127.05M 1,499.64M 759.54M 1,332.33M 1,323.28M
Net income 3,014.84M 1,149.55M -772.69M 637.60M 489.88M
EBITDA 1,817.91M 1,980.29M 1,781.84M 2,037.86M 1,866.67M
Diluted EPS 2.00 0.76 -0.94 0.42 0.31
Dividends Per Share 0.38 0.38 0.21 0.33 0.38
Total Assets 55,739.62M 56,648.91M 55,857.41M 55,881.25M 55,703.88M
Total liabilities 14,214.46M 14,361.63M 14,697.73M 14,371.81M 15,224.95M
Total equity 34,539.77M 35,082.00M 33,878.91M 34,184.80M 33,114.36M
Operating cash flow 1,969.49M 1,345.33M 1,477.43M 1,500.73M 1,041.56M

Valuation Measures

Dec 2022
Operating margin11.68%
Profit margin4.20%

Key executives

  • Executive Director & Finance Director: Martin James Murray
  • Secretary & Group General Counsel: Bernadette Mak Lomas


  • John Swire & Sons Ltd. (51.1%)
  • BlackRock Fund Advisors (1.9%)
  • The Vanguard Group, Inc. (1.4%)
  • Norges Bank Investment Management (1.0%)
  • Jupiter Asset Management Ltd. (0.7%)
  • First Pacific Advisors LP (0.6%)
  • SEI Investments (Europe) Ltd. (0.4%)
  • BlackRock Advisors (UK) Ltd. (0.4%)
  • Dimensional Fund Advisors LP (0.3%)
  • Ninety One UK Ltd. (0.3%)

Contact Details

Related Companies

  • Supreme Motors Ltd.
  • Biao Da Motors Ltd.
  • Nice Access (Shanghai) Trading Co., Ltd.
  • Chevon (Shanghai) Trading Co., Ltd.
  • Swire Resources (Macau) Ltd.
  • Swire Trading Ltd.
  • Nice Access Ltd.
  • Chevon Holdings Ltd.
  • Reservoir Management Services (Shanghai) Co., Ltd.
  • Taikoo Sugar Chengdu Ltd.
  • Guiyang Yuqinyuan Food Co., Ltd.
  • Guiyang Qinyuan Catering Management Co., Ltd.
  • Chongqing Qinyuan Trading Co., Ltd.
  • Chongqing Qinyuan Catering Management Co., Ltd.
  • Chengdu Xin Qinyuan Trading Co., Ltd.
  • Chengdu Xin Qinyuan Food Co., Ltd.
  • Swire Environmental Services Ltd.
  • Swire Bakery Ltd.
  • Swire Pacific Offshore Africa SA
  • Swire Pacific Offshore NZ Ltd.
  • Swire Seabed Shipping AS
  • Swire Pacific Offshore Ltd. (Bermuda)
  • Swire Pacific Ship Management Ltd.
  • SPHI Holdings Ltd.
  • Swire Pacific Industries Ltd.
  • Swire Guangdong Coca-Cola Zhanjiang Ltd.
  • Swire Coca-Cola (China) Co., Ltd.
  • Swire Coca-Cola Beverages Yunnan Ltd.
  • Swire Coca-Cola Beverages Jiangxi Ltd.
  • Swire Coca-Cola Beverages Luohe Ltd.


    Last Updated on 31 May, 2023

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