1. Hong Kong Stocks

  2. •

    Utilities

  3. •

    Regulated Electric
HK Electric Investments and HK Electric Investments Limited

HK Electric Investments and HK Electric Investments Limited

HKCVF
HK Electric Investments and HK Electric Investments LimitedUS flagOther OTC
0.67
USD
- -
- -
5.92BMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
Revenue per Share
- -
1.29
1.27
1.29
1.32
1.31
1.22
1.18
1.28
1.22
1.29
1.36
Basic EPS, GAAP
- -
0.39
0.41
0.41
0.38
0.35
0.26
0.31
0.33
0.33
0.36
0.35
Free Cash Flow per Basic Share
- -
0.61
0.66
0.6
0.38
0.18
0.33
0.15
0.18
-0.09
0.46
0.29
Dividend per Share
- -
0.18
0.4
0.4
0.4
0.4
0.36
0.32
0.32
0.32
0.32
0.32
Book Value per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Tangible 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
Basic Weighted Avg Shares
8,836
8,158
8,836
8,836
8,836
8,836
8,836
8,836
8,836
8,836
8,836
8,836
Sales/Revenue/Turnover
- -
10,504
11,210
11,420
11,693
11,612
10,739
10,389
11,344
10,793
11,406
12,057
Operating Margin (%)
- -
46.71
46.48
44.95
44.95
44.27
40.08
40.6
43.34
41.97
45.11
45.88
Depreciation Expense
- -
2,718
2,793
2,874
2,922
3,028
2,988
3,015
3,122
3,120
3,101
3,270
Net Income, GAAP
- -
3,201
3,591
3,599
3,341
3,051
2,327
2,732
2,933
2,954
3,156
3,111
Effective Tax Rate (%)
- -
17.34
17.59
18.11
17.92
18.43
19.13
17.92
18.17
17.73
17.87
18.16
Profit Margin (%)
- -
30.47
32.03
31.51
28.57
26.27
21.67
26.3
25.86
27.37
27.67
25.8
Working Capital
- -
2,840
2,070
-4,983
-1,900
-1,828
-8,069
-6,612
-3,470
-233
-2,625
-1,628
LT Debt
- -
47,349
46,317
39,344
41,371
41,525
37,002
40,706
45,393
50,656
49,448
50,084
Total Equity
- -
49,191
49,012
49,905
49,722
48,743
48,472
47,743
48,393
49,333
48,978
49,290
Return on Invested Capital (%)
- -
8.34
4.43
4.51
4.76
4.6
3.81
3.74
4.26
3.8
4.21
4.52
Return on 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 Common Equity (%)
- -
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

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
0.03%
0.34%
0.64%
Free Cash Flow
-85.98%
-171.7%
-36.42%
Net Income, GAAP
0.37%
6.18%
-1.43%
Sales/Revenue/Turnover
1.52%
2.49%
5.71%
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
- -
- -
- -
- -
- -

Company Description

APIChat
CEO
Cho Ying Cheng
Full Time Employees
1,649
Sector
Utilities
Industry
Regulated Electric
Address
Hongkong Electric Centre Hong Kong Hong Kong
IPO Date
Apr 26, 2016
Website
hkelectric.com
Similar Companies
Locality Planning Energy Holdings Limited (LPE.AX)
Duke Energy Corporation (DUK)
CMS Energy Corporation (0HR4.L)
IDACORP, Inc. (IDA)
HK Electric Investments and HK Electric Investments Limited (HKCVF)
Korea Electric Power Corporation (KEP)
Business
HK Electric Investments is a vertically integrated power utility company primarily engaged in the generation, transmission, distribution, and supply of electricity to Hong Kong Island and Lamma Island. Its principal operating subsidiary, The Hongkong Electric Company Limited, operates the Lamma Power Station, which has an installed capacity of approximately 3,700 megawatts, incorporating coal-fired units, oil-fired gas turbines, gas-fired combined-cycle units, solar power systems, and wind turbines. The company serves around 568,000 registered customers across residential, commercial, and industrial segments. Established in 1890 and headquartered in Hong Kong, HK Electric Investments focuses on maintaining high reliability in power supply with operational standards achieving over 99.999% supply reliability since 1997. The company has made significant investments in renewable energy, with a renewable energy capacity reaching approximately 450 megawatts by 2023, supported by investments exceeding HKD 4 billion. It aims to generate 50% of its electricity from renewable sources by 2030, aligning with Hong Kong's government carbon reduction and sustainability targets. The company also pursues upgrades to grid infrastructure and smart grid initiatives to improve efficiency and facilitate the integration of renewable energy sources. Recent years have seen capital expenditure focused on infrastructure upgrades and new gas-fired generation units with investments totaling about HKD 10 billion over the last five years. HK Electric Investments operates under a regulatory scheme with the Hong Kong government that ensures stable revenue through a return on asset framework. In 2022, HK Electric Investments reported revenues of approximately HKD 26.8 billion and net profits of HKD 6.4 billion, reflecting its robust financial position and stable operating environment. The company continues to expand its sustainable energy portfolio and enhance operational efficiencies to meet evolving regulatory and market demands. Recent board and committee membership changes were announced, effective from mid-2025, reflecting ongoing governance adjustments to support strategic business goals. HK Electric Investments remains a critical player in Hong Kong’s power sector, committed to supplying clean, reliable electricity while advancing sustainability and infrastructure modernization initiatives.