Asia300

CLP Holdings Ltd.

Hong Kong

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Sep 19, 2017
Prev close: 80.2
Sep 19, 2017
Market cap:
Market cap(USD):
202,621.34M
25,922.09M
Shares: 2,526.45M

Currency in HKD

Company profile

Market(Ticker): HKG(2)
Sector:
Industry:
Utilities
Electric Utilities
Full time employees: 7,428

Business summary

CLP Holdings Ltd. operates as an investment company, which engages in the generation and supply of electricity. Its business assets and services include coal, natural gas, nuclear, pumped storage, wind, hydro, solar, transmission & distribution network, customer services and others. It operates through the followings segments: Hong Kong, Mainland China, India, Southeast Asia and Taiwan, and Australia. The company was founded on October 24, 1997 and is headquartered in Hong Kong.

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.

In the news

Financial highlights

Dec 2016

  • Local currency
  • US Dollar
Revenue 79,434M
Gross profit 16,300M
Operating income 16,300M
Income before tax 15,022M
Net income 12,711M
EBITDA 23,035M
Diluted EPS 5.03
Dividends per share 2.8
Total assets 205,978M
Total liabilities 105,996M
Total equity 98,010M
Operating cash flow 23,217M

Currency in HKD

Revenue 10,233.09M
Gross profit 2,099.85M
Operating income 2,099.85M
Income before tax 1,935.21M
Net income 1,637.49M
EBITDA 2,967.48M
Diluted EPS 0.64
Dividends per share 0.36
Total assets 26,567.00M
Total liabilities 13,671.34M
Total equity 12,641.31M
Operating cash flow 2,990.93M

Currency in USD

Valuation measures

Dec 2016

PER 14.16
ROA 6.20%
ROE 13.30%
Operating margin 20.52%
Profit margin 16.00%

Key executive

  • Chief Executive Officer & Executive Director: Richard Kendall Lancaster
  • Chief Operating Officer: Derek Parkin
  • Chief Financial Officer & Executive Director: Geert Herman August Peeters
  • Secretary & Chief Administrative Officer: David John Simmonds
  • Chief Corporate Development Officer: Wai Yan Chong

Share holders

  • KADOORIE MICHAEL D FAMILY(27.6%)
  • The Vanguard Group, Inc.(1.5%)
  • BlackRock Fund Advisors(1.5%)
  • State Street Global Advisors Asia Ltd.(0.8%)
  • APG Asset Management NV(0.5%)
  • Hang Seng Investment Management Ltd.(0.4%)
  • Pictet Asset Management SA(0.3%)
  • Walter Scott & Partners Ltd.(0.3%)
  • Massachusetts Financial Services Co.(0.3%)
  • BlackRock Advisors (UK) Ltd.(0.2%)

Address

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

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