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CK Infrastructure Holdings Limited logo

CK Infrastructure Holdings Limited

1038.HK

HKSEUtilitiesRegulated Electric

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Latest quote

HK$65.80

−HK$0.75 · -1.13%

Aug 24, 11:55 AM HKT

1038.HK company overview

Regular session · HKT · Market data may be delayed.

Company profile

Company website

CK Infrastructure Holdings Limited is a major global infrastructure enterprise, involved in the development, investment, operation, and commercialization of various infrastructure projects across Hong Kong, Mainland China, the United Kingdom, Continental Europe, Australia, New Zealand, Canada, and the United States. Its diverse portfolio includes energy, transportation, water, and waste management infrastructure (encompassing waste-to-energy solutions), as well as household infrastructure and related businesses. Beyond its primary focus, the company also engages in asphalt production and paving, cement manufacturing and distribution, property investment, project management, and securities investments, in addition to offering waste management services. Established in 1996 and headquartered in Central, Hong Kong, the company rebranded from Cheung Kong Infrastructure Holdings Limited to its current name in May 2017. It operates as a subsidiary of Hutchison Infrastructure Holdings Limited.

Industry
Regulated Electric
Sector
Utilities
Headquarters
HK
CEO
Hing Lam Kam
Listed since
Jul 17, 1996
Employees
2,031

Market position

Volume
628.22K
0.32× average
Average volume
1.99M
Average daily volume
Market cap
165.79B HKD
Beta
0.71
Market reference 1

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
168.76B HKD
P/E (TTM)
6.59×
P/B (TTM)
1.05×
P/S (TTM)
38.72×
EV / EBITDA
311.95×
Earnings yield
6.00%
Free cash flow yield
1.29%
Dividend yield
2.25%

Profitability & efficiency

Gross margin
-3.46%
Operating margin
-3.46%
Net margin
598.01%
Return on equity
6.80%
Return on assets
5.23%
Return on invested capital
0.09%

Financial health

Debt / equity
0.14×
Current ratio
0.89×
Altman Z-score
3.14
Piotroski F-score
5 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends216%139%61%-16%Gross margin, FY2021: 34.35%Gross margin, FY2022: 53.30%Gross margin, FY2023: 28.93%Gross margin, FY2024: 53.23%Gross margin, FY2025: 3.30%Operating margin, FY2021: 34.35%Operating margin, FY2022: 34.03%Operating margin, FY2023: 28.93%Operating margin, FY2024: 16.88%Operating margin, FY2025: 3.30%Net margin, FY2021: 106.63%Net margin, FY2022: 117.13%Net margin, FY2023: 134.01%Net margin, FY2024: 162.53%Net margin, FY2025: 196.99%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 34.35%. Gross margin FY2022 53.30%. Gross margin FY2023 28.93%. Gross margin FY2024 53.23%. Gross margin FY2025 3.30%. Operating margin FY2021 34.35%. Operating margin FY2022 34.03%. Operating margin FY2023 28.93%. Operating margin FY2024 16.88%. Operating margin FY2025 3.30%. Net margin FY2021 106.63%. Net margin FY2022 117.13%. Net margin FY2023 134.01%. Net margin FY2024 162.53%. Net margin FY2025 196.99%.

Income trends

Revenue

4.42B HKD-11.52%

Operating income

146M HKD-82.68%

Net income

8.7B HKD+7.25%
Income trends across reported periods9.56B HKD6.14B HKD2.71B HKD−709.7M HKDRevenue, FY2021: 7.05B HKDRevenue, FY2022: 6.62B HKDRevenue, FY2023: 5.99B HKDRevenue, FY2024: 4.99B HKDRevenue, FY2025: 4.42B HKDOperating income, FY2021: 2.42B HKDOperating income, FY2022: 2.25B HKDOperating income, FY2023: 1.73B HKDOperating income, FY2024: 843M HKDOperating income, FY2025: 146M HKDNet income, FY2021: 7.52B HKDNet income, FY2022: 7.75B HKDNet income, FY2023: 8.03B HKDNet income, FY2024: 8.12B HKDNet income, FY2025: 8.7B HKDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 7.05B HKD. Revenue FY2022 6.62B HKD. Revenue FY2023 5.99B HKD. Revenue FY2024 4.99B HKD. Revenue FY2025 4.42B HKD. Operating income FY2021 2.42B HKD. Operating income FY2022 2.25B HKD. Operating income FY2023 1.73B HKD. Operating income FY2024 843M HKD. Operating income FY2025 146M HKD. Net income FY2021 7.52B HKD. Net income FY2022 7.75B HKD. Net income FY2023 8.03B HKD. Net income FY2024 8.12B HKD. Net income FY2025 8.7B HKD.
Metric (HKD)FY2025FY2024FY2023FY2022FY2021
Revenue4.42B HKD4.99B HKD5.99B HKD6.62B HKD7.05B HKD
Cost of goods sold4.27B HKD4.15B HKD4.26B HKD3.09B HKD4.63B HKD
Gross profit146M HKD2.66B HKD1.73B HKD3.53B HKD2.42B HKD
Selling, general, and administrative—1.82B HKD———
Operating expenses—1.82B HKD1.74B HKD1.28B HKD369M HKD
Interest income244M HKD467M HKD616M HKD203M HKD45M HKD
Interest expense815M HKD865M HKD769M HKD519M HKD455M HKD
Depreciation and amortization395M HKD319M HKD325M HKD342M HKD369M HKD
Operating income146M HKD843M HKD1.73B HKD2.25B HKD2.42B HKD
Net income8.7B HKD8.12B HKD8.03B HKD7.75B HKD7.52B HKD

Company facts updated Aug 24, 2026.

Earnings

Latest fiscal-year EPS
3.28
FY2025 · +1.86% year over year
Latest fiscal-year revenue
4.42B HKD
FY2025 · -11.52% year over year
Next fiscal-year EPS consensus
9.92
FY2026 · 9 analysts
Next fiscal-year revenue consensus
4.55B HKD
FY2026 · 11 analysts

Annual EPS trend

Reported history and fiscal-year consensus

ReportedConsensus forecast
Annual EPS trend18.1212.186.230.28FY21FY22FY23FY24FY25FY26FY27FY28

Annual revenue trend

Reported history and fiscal-year consensus

ReportedConsensus forecast
Annual revenue trend7.38B6.07B4.76B3.45BFY21FY22FY23FY24FY25FY26FY27FY28

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

HK$2.59

2025 complete year+4.4% since 2021

2026 partial: HK$0.75

* Partial calendar year in the available dividend history.

Corporate action history

Dividend

Ex-dividend May 26, 2026

HK$0.75

Semi-Annual

Record Sep 10, 2026 · Payment Sep 23, 2026

Dividend

Ex-dividend Sep 10, 2025

HK$0.73

Semi-Annual

Record Sep 11, 2025 · Payment Sep 24, 2025

Dividend

Ex-dividend May 26, 2025

HK$1.86

Semi-Annual

Record May 27, 2025 · Payment Jun 11, 2025

Dividend

Ex-dividend Sep 12, 2024

HK$0.72

Semi-Annual

Record Sep 13, 2024 · Payment Sep 25, 2024

Dividend

Ex-dividend May 27, 2024

HK$1.85

Semi-Annual

Record May 28, 2024 · Payment Jun 12, 2024

Dividend

Ex-dividend Sep 4, 2023

HK$0.71

Semi-Annual

Record Sep 5, 2023 · Payment Sep 13, 2023

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