GoAI
Get started
HK Electric Investments and HK Electric Investments Limited logo

HK Electric Investments and HK Electric Investments Limited

2638.HK

HKSEUtilitiesRegulated Electric

Open in GoAI

Latest quote

HK$6.50

−HK$0.025 · -0.38%

Aug 24, 2:00 PM HKTData delayed

2638.HK company overview

Regular session · HKT · Market data may be delayed.

Company profile

Company website

Operating as an investment holding firm, HK Electric Investments and HK Electric Investments Limited is responsible for the generation, transmission, and distribution of electrical power throughout Hong Kong Island and Lamma Island. By December 31, 2021, the company's power production capabilities encompassed an installed capacity of 3,617 megawatts, utilizing a mix of six coal-fired units, five oil-fired gas turbines, three gas-fired combined-cycle units, a solar power system, and a wind turbine. Its infrastructure further boasted a comprehensive 6,734-kilometer transmission and distribution grid, supported by 4,100 substations and 6,300 transformers. Through this extensive network, it supplied electricity to 584,000 clients across residential, commercial, and industrial segments. The company was established in 1889 and maintains its principal offices in Hong Kong.

Industry
Regulated Electric
Sector
Utilities
Headquarters
HK
CEO
Cho Ying Cheng
Listed since
Jan 29, 2014
Employees
1,635

Market position

Volume
3.28M
1.13× average
Average volume
2.9M
Average daily volume
Market cap
57.48B HKD
Beta
0.61
Market reference 1

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
106.2B HKD
EV / EBITDA
12.47×
Earnings yield
5.53%
Free cash flow yield
6.09%

Profitability & efficiency

Return on equity
6.24%
Return on assets
2.60%
Return on invested capital
3.54%

Financial health

Current ratio
0.09×
Altman Z-score
0.96
Piotroski F-score
6 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends56%45%34%23%Gross margin, FY2021: 51.54%Gross margin, FY2022: 50.30%Gross margin, FY2023: 52.80%Gross margin, FY2024: 53.57%Gross margin, FY2025: 50.18%Operating margin, FY2021: 42.71%Operating margin, FY2022: 41.78%Operating margin, FY2023: 43.63%Operating margin, FY2024: 45.52%Operating margin, FY2025: 41.00%Net margin, FY2021: 25.86%Net margin, FY2022: 27.37%Net margin, FY2023: 27.67%Net margin, FY2024: 25.80%Net margin, FY2025: 25.39%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 51.54%. Gross margin FY2022 50.30%. Gross margin FY2023 52.80%. Gross margin FY2024 53.57%. Gross margin FY2025 50.18%. Operating margin FY2021 42.71%. Operating margin FY2022 41.78%. Operating margin FY2023 43.63%. Operating margin FY2024 45.52%. Operating margin FY2025 41.00%. Net margin FY2021 25.86%. Net margin FY2022 27.37%. Net margin FY2023 27.67%. Net margin FY2024 25.80%. Net margin FY2025 25.39%.

Income trends

Revenue

12.13B HKD+0.56%

Operating income

4.97B HKD-9.42%

Net income

3.08B HKD-1.06%
Income trends across reported periods13.04B HKD9.37B HKD5.69B HKD2.01B HKDRevenue, FY2021: 11.34B HKDRevenue, FY2022: 10.79B HKDRevenue, FY2023: 11.41B HKDRevenue, FY2024: 12.06B HKDRevenue, FY2025: 12.13B HKDOperating income, FY2021: 4.85B HKDOperating income, FY2022: 4.51B HKDOperating income, FY2023: 4.98B HKDOperating income, FY2024: 5.49B HKDOperating income, FY2025: 4.97B HKDNet income, FY2021: 2.93B HKDNet income, FY2022: 2.95B HKDNet income, FY2023: 3.16B HKDNet income, FY2024: 3.11B HKDNet income, FY2025: 3.08B HKDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 11.34B HKD. Revenue FY2022 10.79B HKD. Revenue FY2023 11.41B HKD. Revenue FY2024 12.06B HKD. Revenue FY2025 12.13B HKD. Operating income FY2021 4.85B HKD. Operating income FY2022 4.51B HKD. Operating income FY2023 4.98B HKD. Operating income FY2024 5.49B HKD. Operating income FY2025 4.97B HKD. Net income FY2021 2.93B HKD. Net income FY2022 2.95B HKD. Net income FY2023 3.16B HKD. Net income FY2024 3.11B HKD. Net income FY2025 3.08B HKD.
Metric (HKD)FY2025FY2024FY2023FY2022FY2021
Revenue12.13B HKD12.06B HKD11.41B HKD10.79B HKD11.34B HKD
Cost of goods sold6.04B HKD5.6B HKD5.38B HKD5.36B HKD5.5B HKD
Gross profit6.08B HKD6.46B HKD6.02B HKD5.43B HKD5.85B HKD
Selling, general, and administrative1.11B HKD385M HKD341M HKD348M HKD312M HKD
Operating expenses1.11B HKD971M HKD1.05B HKD920M HKD1B HKD
Interest income39M HKD39M HKD44M HKD30M HKD13M HKD
Interest expense1.28B HKD1.41B HKD1.36B HKD961M HKD800M HKD
Depreciation and amortization3.55B HKD3.18B HKD3.1B HKD3.04B HKD3.12B HKD
Operating income4.97B HKD5.49B HKD4.98B HKD4.51B HKD4.85B HKD
Net income3.08B HKD3.11B HKD3.16B HKD2.95B HKD2.93B HKD

Company facts updated Aug 24, 2026.

2638.HK peers

CLP Holdings Limited logo

0002.HK

CLP Holdings Limited

HK$78.85

-1.19%

CGN Power Co., Ltd. logo

1816.HK

CGN Power Co., Ltd.

HK$2.83

-1.74%

CK Infrastructure Holdings Limited logo

1038.HK

CK Infrastructure Holdings Limited

HK$66.05

-0.75%

The Hong Kong and China Gas Company Limited logo

0003.HK

The Hong Kong and China Gas Company Limited

HK$7.46

-0.53%

Power Assets Holdings Limited logo

0006.HK

Power Assets Holdings Limited

HK$61.50

-1.52%

Huaneng Power International, Inc. logo

0902.HK

Huaneng Power International, Inc.

HK$5.365

-0.92%

ETFs holding 2638.HK

Funds reporting this stock among their holdings, ordered by reported position size.

State Street SPDR Portfolio Developed World ex-US ETF logoState Street SPDR Portfolio Developed World ex-US ETFSPDW
Market value
3M
Weight
0.01%
AUM
41.92B USD
Expense ratio
0.03%
Price / 1D
$52.02+0.79%
Invesco S&P International Developed Low Volatility ETF logoInvesco S&P International Developed Low Volatility ETFIDLV
Market value
2.7M
Weight
0.78%
AUM
346.61M USD
Expense ratio
0.25%
Price / 1D
$36.17+0.53%
Schwab Fundamental International Small Company Index ETF logoSchwab Fundamental International Small Company Index ETFFNDC
Market value
1.02M
Weight
0.03%
AUM
3.16B USD
Expense ratio
0.39%
Price / 1D
$50.98+0.33%
Dimensional - International Core Equity 2 ETF logoDimensional - International Core Equity 2 ETFDFIC
Market value
922.24K
Weight
0.01%
AUM
15.43B USD
Expense ratio
0.22%
Price / 1D
$39.405+0.83%
Dimensional - International Core Equity Market ETF logoDimensional - International Core Equity Market ETFDFAI
Market value
589.12K
Weight
0.00%
AUM
18.23B USD
Expense ratio
0.18%
Price / 1D
$43.35+0.81%
Dimensional World ex U.S. Core Equity 2 ETF logoDimensional World ex U.S. Core Equity 2 ETFDFAX
Market value
510.32K
Weight
0.00%
AUM
12.57B USD
Expense ratio
0.28%
Price / 1D
$38.16+0.82%
Avantis International Equity ETF logoAvantis International Equity ETFAVDE
Market value
168.81K
Weight
—
AUM
19.1B USD
Expense ratio
0.23%
Price / 1D
$94.26+0.87%
Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF logoInvesco RAFI Developed Markets ex-U.S. Small-Mid ETFPDN
Market value
112.48K
Weight
0.03%
AUM
361.92M USD
Expense ratio
0.47%
Price / 1D
$47.39+0.81%

Continue in GoAI

Research 2638.HK

research.disclaimer