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    Regulated Electric
HK Electric Investments and HK Electric Investments Limited

HK Electric Investments and HK Electric Investments Limited

2638.HK
HK Electric Investments and HK Electric Investments LimitedHK flagHong Kong Stock Exchange
6.35
HKD
+0.10
- -
56.11BMarket Cap
HK Electric Investments and HK Electric Investments Limited
2638.HK
(Hong Kong Stock Exchange)

Recent

price

6.35

P/E

ratio

- -

div

yld

- -

ROIC.AI

2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
FRC
- -
1.29
1.27
1.29
1.32
1.31
1.22
1.18
1.28
1.22
1.29
1.36
- -
Revenue per Share
- -
0.39
0.41
0.41
0.38
0.35
0.26
0.31
0.33
0.33
0.36
0.35
- -
Basic EPS, GAAP
- -
0.61
0.66
0.6
0.38
0.18
0.33
0.15
0.18
-0.09
0.46
0.29
- -
Free Cash Flow per Basic Share
- -
0.18
0.4
0.4
0.4
0.4
0.36
0.32
0.32
0.32
0.32
0.32
- -
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
- -
1.91
1.74
1.84
1.82
1.71
1.68
1.6
1.67
1.78
1.74
1.77
- -
Tangible Book Value per Share
8,836
8,158
8,836
8,836
8,836
8,836
8,836
8,836
8,836
8,836
8,836
8,836
8,836
Basic Weighted Avg Shares
- -
10,504
11,210
11,420
11,693
11,612
10,739
10,389
11,344
10,793
11,406
12,057
- -
Sales/Revenue/Turnover
- -
46.71
46.48
44.95
44.95
44.27
40.08
40.6
43.34
41.97
45.11
45.88
- -
Operating Margin (%)
- -
2,718
2,793
2,874
2,922
3,028
2,988
3,015
3,122
3,120
3,101
3,270
- -
Depreciation Expense
- -
3,201
3,591
3,599
3,341
3,051
2,327
2,732
2,933
2,954
3,156
3,111
- -
Net Income, GAAP
- -
17.34
17.59
18.11
17.92
18.43
19.13
17.92
18.17
17.73
17.87
18.16
- -
Effective Tax Rate (%)
- -
30.47
32.03
31.51
28.57
26.27
21.67
26.3
25.86
27.37
27.67
25.8
- -
Profit Margin (%)
- -
2,840
2,070
-4,983
-1,900
-1,828
-8,069
-6,612
-3,470
-233
-2,625
-1,628
- -
Working Capital
- -
47,349
46,317
39,344
41,371
41,525
37,002
40,706
45,393
50,656
49,448
50,084
- -
LT Debt
- -
49,191
49,012
49,905
49,722
48,743
48,472
47,743
48,393
49,333
48,978
49,290
- -
Total Equity
- -
8.34
4.43
4.51
4.76
4.6
3.81
3.74
4.26
3.8
4.21
4.52
- -
Return on Invested Capital (%)
- -
16.61
9.33
10.15
9.96
9.21
7.38
8.02
7.84
7.65
8.42
8.44
- -
Return on Capital (%)
- -
80,025
44,887.5
44,987.5
41,762.5
38,137.5
29,087.5
34,150
36,662.5
36,925
39,450
38,887.5
- -
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
No data availableFinancial data will appear here once available

Working Capital

FRC

•

in mil. unless spec.
No data availableFinancial data will appear here once available

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
- -
- -
Free Cash Flow
- -
- -
- -
Net Income, GAAP
- -
- -
- -
Sales/Revenue/Turnover
- -
- -
- -
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
11,406
2024
- -
- -
- -
- -
12,057
2025
- -
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
0.36
2024
- -
- -
- -
- -
0.35
2025
- -
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
0.32
2024
- -
- -
- -
- -
0.32
2025
- -
- -
- -
- -
- -
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Business
HK Electric Investments Limited (2638.HK) is a fixed single investment trust and investment holding company principally engaged in the generation, transmission, distribution, and supply of electricity to Hong Kong Island and Lamma Island through its main operating subsidiary, Hongkong Electric Company Limited (HK Electric). The company operates a diverse generation portfolio including coal-fired units, oil-fired gas turbine units, gas-fired combined-cycle units, solar power systems, and wind turbines with a total installed capacity of approximately 3,083 megawatts; it maintains a transmission and distribution network spanning 7,047 kilometers and serves around 593,000 residential, commercial, and industrial customers. HK Electric also engages in financing activities and provides smart power services aimed at enhancing energy efficiency and low-carbon solutions. Founded in 1889 and headquartered at Hongkong Electric Centre, 44 Kennedy Road, Hong Kong, the company operates exclusively within the Hong Kong electricity market under a regulated Scheme of Control framework, with major shareholders including Power Assets Holdings Limited (33.37%), China State-Owned Assets Supervision and Administration Commission (21%), and Qatar Holding LLC (19.9%). Its business segments focus on regulated electric utilities, emphasizing reliable supply with a world-class availability rate exceeding 99.999% since 1997 and progressive decarbonization efforts targeting carbon neutrality alignment. In recent developments, HK Electric commissioned its new gas-fired generating unit L12 in 2024, elevating the gas-fired generation ratio at Lamma Power Station to 68% of total output and achieving a 40% reduction in carbon emissions from 2005 baseline levels. The company signed an agreement with TDK in September 2025 to commence erection works for a new gas-fired generating unit (L13), set for commissioning in 2029, alongside ongoing construction of three oil-fired open-cycle gas turbines (GT8, GT9, GT10) for enhanced system reliability by 2027-2028; these initiatives form part of the HK$22 billion 2024-2028 Development Plan. Further, HK Electric committed over HK$80 million to expand smart power services and low-carbon initiatives, rolled out smart meters across its customer base, and announced a 2.2% net tariff reduction for 2026 to 163.3 cents per kWh, balancing capital investments with affordability. The company released its Sustainability Report 2024, detailing patented technologies for power system reliability and enhanced ESG disclosures.