HK Electric Investments 2638.HK · HKD

Utilities · HKEX · 🇭🇰 Hong Kong

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6.20

-0.16%

Close of 9 Nov 2026, in HKD

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Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.

At a glance

Figures in HKD, from our data supplier.

FY2025

Revenue

HK$12.13bn

FY2016FY2025

Net income

HK$3.08bn

FY2016FY2025

Free cash flow

HK$3.39bn

FY2016FY2025

Shareholders' equity

HK$49.31bn

FY2016FY2025

Income statement

Fiscal years

	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016
Revenue	HK$12.13bn	HK$12.06bn	HK$11.41bn	HK$10.79bn	HK$11.34bn	HK$10.39bn	HK$10.74bn	HK$11.61bn	HK$11.69bn	HK$11.42bn
Gross profit	HK$6.08bn	HK$6.46bn	HK$6.02bn	HK$5.43bn	HK$5.85bn	HK$5.05bn	HK$5.25bn	HK$6.13bn	HK$6.31bn	HK$6.05bn
Operating income	HK$4.97bn	HK$5.49bn	HK$4.98bn	HK$4.51bn	HK$4.84bn	HK$4.14bn	HK$4.21bn	HK$5.09bn	HK$5.28bn	HK$5.17bn
Net income	HK$3.08bn	HK$3.11bn	HK$3.16bn	HK$2.95bn	HK$2.93bn	HK$2.73bn	HK$2.33bn	HK$3.05bn	HK$3.34bn	HK$3.60bn
Diluted earnings per share	0.35	0.35	0.36	0.33	0.33	0.31	0.26	0.35	0.38	0.41

Balance sheet

At each fiscal year end

	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016
Total assets	HK$118.45bn	HK$118.50bn	HK$118.54bn	HK$121.00bn	HK$114.83bn	HK$111.57bn	HK$109.72bn	HK$107.89bn	HK$109.32bn	HK$108.35bn
Cash and short-term investments	HK$28.0m	HK$30.0m	HK$21.0m	HK$325.0m	HK$34.0m	HK$52.0m	HK$299.0m	HK$34.0m	HK$1.66bn	HK$316.0m
Total liabilities	HK$68.36bn	HK$69.21bn	HK$69.56bn	HK$71.67bn	HK$66.44bn	HK$63.82bn	HK$61.24bn	HK$59.15bn	HK$59.60bn	HK$58.45bn
Debt	HK$50.56bn	HK$50.86bn	HK$50.21bn	HK$51.21bn	HK$46.63bn	HK$44.89bn	HK$43.05bn	HK$41.97bn	HK$41.37bn	HK$39.68bn
Shareholders' equity	HK$49.31bn	HK$49.29bn	HK$48.98bn	HK$49.33bn	HK$48.39bn	HK$47.74bn	HK$48.47bn	HK$48.74bn	HK$49.72bn	HK$49.91bn
Shares outstanding	8,836m	8,836m	8,836m	8,836m	8,836m	8,836m	8,836m	8,836m	8,836m	8,836m

Cash flow

Fiscal years

	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016
Cash from operations	HK$7.13bn	HK$6.38bn	HK$8.07bn	HK$4.77bn	HK$6.19bn	HK$5.94bn	HK$6.44bn	HK$5.01bn	HK$5.89bn	HK$8.02bn
Capital spending	−HK$3.74bn	−HK$3.77bn	−HK$3.97bn	−HK$5.76bn	−HK$4.83bn	−HK$4.82bn	−HK$3.74bn	−HK$3.54bn	−HK$2.62bn	−HK$2.88bn
Free cash flow	HK$3.39bn	HK$2.61bn	HK$4.10bn	−HK$993.0m	HK$1.36bn	HK$1.13bn	HK$2.70bn	HK$1.48bn	HK$3.27bn	HK$5.14bn
Dividends paid	−HK$2.83bn	−HK$2.83bn	−HK$2.83bn	−HK$2.83bn	−HK$2.83bn	−HK$2.83bn	−HK$3.19bn	−HK$3.54bn	−HK$3.54bn	−HK$3.54bn

Latest quarters

By quarter end

	Jun 2026	Dec 2025	Jun 2025	Dec 2024	Jun 2024	Dec 2023	Jun 2023	Dec 2022
Revenue	HK$5.94bn	HK$6.56bn	HK$5.57bn	HK$6.49bn	HK$5.57bn	HK$6.18bn	HK$5.23bn	HK$5.90bn
Gross profit	HK$3.00bn	HK$3.24bn	HK$2.84bn	HK$3.50bn	HK$2.96bn	HK$3.13bn	HK$2.59bn	HK$2.94bn
Operating income	HK$2.58bn	HK$2.70bn	HK$2.34bn	HK$3.00bn	HK$2.49bn	HK$2.67bn	HK$2.30bn	HK$2.60bn
Net income	HK$1.65bn	HK$1.72bn	HK$1.00bn	HK$2.16bn	HK$947.0m	HK$2.17bn	HK$982.0m	HK$2.06bn
Diluted earnings per share	0.19	0.19	0.11	0.24	0.11	0.25	0.11	0.23
Cash from operations	—	HK$4.39bn	HK$2.75bn	HK$3.06bn	HK$3.09bn	HK$4.75bn	HK$3.02bn	HK$3.03bn
Capital spending	—	−HK$2.01bn	−HK$1.81bn	−HK$1.76bn	−HK$2.16bn	−HK$1.66bn	−HK$2.32bn	−HK$2.74bn
Free cash flow	—	HK$2.38bn	HK$939.0m	HK$1.30bn	HK$926.0m	HK$3.09bn	HK$699.0m	HK$297.0m
Total assets	HK$119.33bn	HK$118.45bn	HK$118.63bn	HK$118.50bn	HK$118.88bn	HK$118.54bn	HK$120.74bn	HK$121.00bn
Cash and short-term investments	HK$51.0m	HK$28.0m	HK$45.0m	HK$30.0m	HK$45.0m	HK$21.0m	HK$279.0m	HK$325.0m
Debt	HK$3.67bn	HK$50.56bn	HK$51.39bn	HK$50.86bn	HK$50.67bn	HK$50.21bn	HK$52.05bn	HK$51.21bn
Shareholders' equity	HK$49.13bn	HK$49.31bn	HK$48.51bn	HK$49.29bn	HK$48.53bn	HK$48.98bn	HK$48.85bn	HK$49.33bn

Financial ratios

Data as of 15 Sept 2026

	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020
Gross margin	50.2%	53.6%	52.8%	50.3%	51.5%	48.7%
Operating margin	41.0%	45.5%	43.6%	41.8%	42.7%	39.8%
Net margin	25.4%	25.8%	27.7%	27.4%	25.9%	26.3%
Return on equity	6.2%	6.3%	6.4%	6.0%	6.1%	5.7%
Return on assets	2.6%	2.6%	2.7%	2.4%	2.6%	2.4%
Free cash flow yield	19.7%	18.4%	21.8%	19.0%	19.9%	19.5%
Revenue growth	0.6%	5.7%	5.7%	-4.9%	9.2%	-3.3%
Earnings growth	-1.1%	-1.4%	6.8%	0.7%	7.4%	17.4%
Current ratio	0.09x	0.59x	0.49x	0.96x	0.40x	0.21x
Debt to equity	1.03x	1.03x	1.03x	1.04x	0.96x	0.94x
Equity ratio	41.6%	41.6%	41.3%	40.8%	42.1%	42.8%
Interest coverage	3.87x	3.90x	3.66x	4.69x	6.06x	4.26x
Buybacks as a share of market value	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%

Growth per year

Compound annual rate

	3 years	5 years	10 years
Revenue	4.0%	3.1%	0.8%
Operating income	3.3%	3.7%	-0.6%
Net income	1.4%	2.4%	-1.5%

Average margins

Over each period

	1 year	3 years	5 years	10 years
Gross margin	51.9%	51.7%	51.2%	51.8%
Operating margin	43.3%	43.0%	42.5%	43.2%
Net margin	25.6%	26.5%	26.4%	27.1%

Valuation history

At each fiscal year end

	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016
Price to earnings	18.1	15.1	13.2	15.5	23.1	24.7	29.2	22.9	18.9	15.7
Price to sales	4.6	3.9	3.6	4.2	6.0	6.5	6.3	6.0	5.4	5.0

Dividends and splits

Per share, in the currency the company pays

Paid for 12 years. Last went ex-dividend on 25 Aug 2026.

	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Paid in the year	0.32	0.32	0.34	0.32	0.32	0.32	0.32	0.361

Sources and methodology

Data on this tab: Our data supplier
Chart on the Overview: TradingView

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HK Electric Investments 2638.HK · HKD

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At a glance

Income statement

Balance sheet

Cash flow

Latest quarters

Financial ratios

Growth per year

Average margins

Valuation history

Dividends and splits

Sources and methodology