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2015 Annual Report
Ports and Related Services Retail Infrastructure Energy Telecommunications 2015 Annual Report 22nd Floor, Hutchison House, 10 Harcourt Hutchison House, Hong Kong Road, 22nd Floor, Telephone: +852 2128 1188 Facsimile: www.ckh.com.hk +852 2128 1705 Corporate Information CK Hutchison Holdings Limited Board of dIreCtors eXeCUtIVe dIreCtors NoN-eXeCUtIVe dIreCtors Chairman CHOW Kun Chee, Roland, LLM LI Ka-shing, GBM, KBE, LLD (Hon), DSSc (Hon) LEE Yeh Kwong, Charles, GBM, GBS, OBE, JP Commandeur de la Légion d’Honneur Grand Officer of the Order Vasco Nunez de Balboa LEUNG Siu Hon, BA (Law) (Hons), Hon LL.D. Commandeur de l’Ordre de Léopold George Colin MAGNUS, OBE, BBS, MA Group Co-Managing director and INdepeNdeNt NoN-eXeCUtIVe dIreCtors Deputy Chairman KWOK Tun-li, Stanley, BSc (Arch), AA Dipl, LLD (Hon), ARIBA, MRAIC LI Tzar Kuoi, Victor, BSc, MSc, LLD (Hon) CHENG Hoi Chuen, Vincent, GBS, OBE, JP Group Co-Managing director The Hon Sir Michael David KADOORIE, GBS, LLD (Hon), DSc (Hon) FOK Kin Ning, Canning, BA, DFM, FCA (ANZ) Commandeur de la Légion d’Honneur Commandeur de l’Ordre des Arts et des Lettres Commandeur de l’Ordre de la Couronne CHOW WOO Mo Fong, Susan, BSc Commandeur de l’Ordre de Leopold II Group Deputy Managing Director LEE Wai Mun, Rose, JP, BBA Frank John SIXT, MA, LLL Group Finance Director and Deputy Managing Director William Elkin MOCATTA, FCA Alternate to Michael David Kadoorie IP Tak Chuen, Edmond, BA, MSc Deputy Managing Director William SHURNIAK, SOM, LLD (Hon) KAM Hing Lam, BSc, MBA WONG Chung Hin, CBE, JP Deputy -
Annual Report 2006 Annual Report2006
(incorporated in the Cayman Islands with limited liability) (Stock Code: 8222) Better Health Better Life Annual Report 2006 Annual Report2006 2 Dai Fu Street, Tai Po Industrial Estate, Hong Kong Tel: (852) 2126 1212 Fax: (852) 2126 1211 www.ck-lifesciences.com Characteristics of the Growth Enterprise Market (”GEM”) of The Stock Exchange of Hong Kong Limited (the “Stock Exchange”) GEM has been established as a market designed to accommodate companies to which a high investment risk may be attached. In particular, companies may list on GEM with neither a track record of profi tability nor any obligation to forecast future profi tability. Furthermore, there may be risks arising out of the emerging nature of companies listed on GEM and the business sectors or countries in which the companies operate. Prospective investors should be aware of the potential risks of investing in such companies and should make the This annual report (“Annual Report”) is available in both decision to invest only after due and careful consideration. English and Chinese. Shareholders who have received either The greater risk profi le and other characteristics of GEM the English or the Chinese version of the Annual Report mean that it is a market more suited to professional and other may request a copy in the language different from that has sophisticated investors. been received by writing to: Computershare Hong Kong Investor Services Limited, 46th Floor, Hopewell Centre, 183 Given the emerging nature of companies listed on GEM, there Queen’s Road East, Hong Kong. is a risk that securities traded on GEM may be more susceptible to high market volatility than securities traded on the Main The Annual Report (in both English and Chinese versions) Board and no assurance is given that there will be a liquid has been posted on the Company’s website at market in the securities traded on GEM. -
CK Hutchison Highlights of the Unaudited Results for the Six Months Ended 30 June 2015
Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this document, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this document. Highlights of the Unaudited Results for the six months ended 30 June 2015 CKHH six months statutory results (1) For the six months ended 30 June 2015 HK$ millions Total Revenue 117,250 Profit attributable to ordinary shareholders from continuing business 21,477 Profit attributable to ordinary shareholders from discontinued business 80,381 Profit attributable to ordinary shareholders 101,858 Earnings per share – statutory (2) HK$39.87 CKHH six months management pro forma results (3) (compared to HWL results for businesses continued by CKHH) CKHH Results HWL Results for the six for the six months ended months ended 30 June 2015 30 June 2014 HK$ millions HK$ millions Change Total Revenue (4) 197,019 196,671 - Total EBITDA (4) 46,165 42,587 +8% Total EBIT (4) 30,677 26,815 +14% Profit attributable to ordinary shareholders before profits on disposal of investments & others (5) 14,938 10,220 +46% Profits on disposal of investments & others (482) 14,921 -103% Total profit attributable to ordinary shareholders (6) 14,456 25,141 -43% Recurring earnings per share – pro forma (7) HK$3.87 For the six months ended 30 June 2015 Interim dividend per share HK$0.70 CKHH 2015 Interim Results Page 1 of 98 Note (1) Statutory results of CK Hutchison Holdings Limited (“CKHH” or the “Group”) for the six months ended 30 June 2015 include the one-time effects of the Reorganisation that occurred on 3 June 2015. -
Additional Information
additional Information ports and related services The following tables summarise the major port operations for the four segments of the division. HpH trust 2015 The Group’s Throughput Name Location Effective Interest (100% basis) (million TEU) Hongkong International Terminals/ 30.07% / COSCO-HIT Terminals/ Hong Kong 15.03% / 12.1 Asia Container Terminals 12.03% Yantian International Container Terminals - Phase I and II/ 16.96% / Phase III/ Mainland China 15.53% / 12.2 West Port 15.53% Ancillary Services - Asia Port Services/ Hong Kong and 30.07% / N/A Hutchison Logistics (HK)/ Mainland China 30.07% / Shenzhen Hutchison Inland Container Depots 23.35% Mainland China and other Hong Kong 2015 HPH’s Throughput Name Location Effective Interest (1) (100% basis) (million TEU) Shanghai Mingdong Container Terminals/ Mainland China 50% / 8.3 Shanghai Pudong International Container Terminals 30% Ningbo Beilun International Container Terminals Mainland China 49% 2.0 River Trade Terminal Hong Kong 50% 1.2 Ports in Southern China - Mainland China (2) Nanhai International Container Terminals / 50% / (2) Jiangmen International Container Terminals / 50% / Shantou International Container Terminals/ 70% / (3) Huizhou Port Industrial Corporation/ 33.59% / 2.5 Huizhou International Container Terminals/ 80% / Xiamen International Container Terminals/ 49% / Xiamen Haicang International Container Terminals 49% Note 1: The Group holds an 80% interest in Hutchison Ports Holdings Group (“HPH”). Note 2: Although HPH Trust holds the economic interest in the two River Ports in Nanhai and Jiangmen in Southern China, the legal interests in these operations are retained by this division. Note 3: Includes the throughput of the port operations in Gaolan and Jiuzhou that were disposed during the second half of 2015. -
CK Hutchison Holding(1
Equity Market Hong Kong Equity Morning note Martin Ma (SFC CE:BOB758) (852) 3519 1055 Friday, September 25,2020 Market Wrap HSI▼1.82% HSCEI▼1.96% Turnover HK$117.16 bn ▼9% (30-day average) SSE Composite▼1.72% SZSE Component ▼2.24% Sector tracking Stock tracking 1D ▲% 1Y ▲% 1D ▲% 1Q ▲% Utilities 0.5 Automobiles 88.6 SOLARGIGA ENERGY(757) 38.0 NEXION TECHNOLOG(8420) 339.6 Real Estate 1.0 Durable & Tech 54.9 GOLDWAY EDUCATIO(8160) 21.4 HAINAN MEILAN IN(357) 286.2 GOLDWAY EDUCATIO HAINAN MEILAN IN Consumer Goods Health Care IN TECHNICAL PRO(8446) 1.4 49.8 CORNERSTONE FINA(8112) 20.0 227.1 CORNERSTONE FINA IN TECHNICAL PRO Capital Goods 1.4 Consumer Goods 29.2 CHINA ALUMINUM C(6898) 19.5 KNK HOLDINGS LTD(8039) 222.8 Telecom Services 1.6 Materials 25.6 ROYALCHINA CENTURY ALUMINUM RE(8125) C 18.2 YTOKNK EXPRESS HOLDINGS HOLD LTD(6123) 220.9 MarketROYAL CENTURY Highlight RE YTO EXPRESS HOLD Hong Kong Utilities Series 4 – CKGOLDWAY Hutchison EDUCATIO Holding(1 HK): CORNERSTONE FINA CK Hutchison Holding Limited is a CHINA ALUMINUM C Hutchison Telecommunications HK Holding multinational conglomerate that ROYAL CENTURY RE (0215 HK) operate variety sector of business in around 50 countries and have over CK Infrastructure Holding 300,000 employees around the world. (01038 HK) The business involve including Ports and related services, retail, infrastructure, Energy and Li Ka-shing Telecommunications. CK Hutchison Holding For the year 20201H, Hutchison Group (0001 HK) reported HK$ 189,942 million revenue, with YoY changes of -12%, HK$28,619 of total EBIT, with YoY changes of -21%. -
Has Today Made the Attached Presentation (The “Presentation”) to Investors of the Company
Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement. (incorporated in Hong Kong with limited liability) (Stock Code: 13) ANNOUNCEMENT Hutchison Whampoa Limited (the “Company”) has today made the attached presentation (the “Presentation”) to investors of the Company. Potential investors and shareholders of the Company (the “Potential Investors and Shareholders”) are reminded that the Presentation includes publicly available third party information as well as historical financial information of the Company, recent operational data and best estimates by management of current market performance. Much of the information in the Presentation by its nature is not normally subject to independent review or audit and accordingly has not been reviewed or audited by the Company’s auditors. Potential Investors and Shareholders should exercise caution when dealing in the shares of the Company. By Order of the Board Edith Shih Company Secretary Hong Kong, 6 October 2011 As at the date of this announcement, the directors of the Company are: Executive Directors: Independent Non-executive Directors: Mr LI Ka-shing (Chairman) The Hon Sir Michael David KADOORIE Mr LI Tzar Kuoi, Victor (Deputy Chairman) Mr Holger KLUGE Mr FOK Kin-ning, Canning Mrs -
Encouraging the Chasing Abottle Or of Filling the Perfume up Kettle with Water for Acup of Tea
• • Encouraging the Cover Story HWL’s diverse businesses in the UK have one thing in common – they place great emphasis on the human factor By Mark Redvers DURING THE COURSE OF A TYPICAL DAY, millions of many different sectors, from the nation’s biggest and most Britons buy a product, or use a service, that has some connec- active ports, its fastest-growing 3G network, to some of its best- tion with Hutchison Whampoa Limited (HWL), whether it is known drug and perfume stores and various infrastructure receiving a text via the 3 phone network, buying a fridge projects that include water, electricity and property. that has been imported by a container ship, pur- HWL sees vast opportunities in the country, despite its chasing a bottle of perfume or filling up the current recession-hit status, and has grand plans for continued kettle with water for a cup of tea. commitment to this nation of 62 million people. In fact its HWL investments in entire philosophy is geared towards the long haul, with the UK cover constant investment in training schemes that enhance the skills of the workforce. 12 Sphere Surprisingly, perhaps, HWL is not a name that is widely employers in their immediate areas, so HPH-initiated schemes known outside the UK business community, even though the there, together with a similar scheme at London Thamesport, company has something like GBP17 billion invested in the allow children to learn how docks work, and the role they play country in companies that include Superdrug, the Perfume in creating jobs and generating wealth. -
Annual Report 2016
CHEUNG KONG INFRASTRUCTURE HOLDINGS LIMITED 長江基建集團有限公司 (Incorporated in Bermuda with limited liability) (Stock Code: 1038) GLOBAL INFRASTRUCTURE PLAYER Annual Report 2016 A Leading Player in CKI the Global Infrastructure Arena CKI is a global infrastructure company that aims to make the world a better place through a variety of infrastructure investments and developments in different parts of the world. The Group has diversified investments in Energy Infrastructure, Transportation Infrastructure, Water Infrastructure, Waste Management, Waste-to-energy and Infrastructure Related Businesses. Its investments and operations span Hong Kong, Mainland China, the United Kingdom, the Netherlands, Portugal, Australia, New Zealand and Canada. CONTENTS 008 091 Ten-year Financial Summary Consolidated Statement of Comprehensive 010 Income Chairman’s Letter 092 016 Consolidated Statement of Financial Position Group Managing Director’s Report 093 021 Consolidated Statement of Changes in Equity Long Term Development Strategy 094 022 Consolidated Statement of Cash Flows Awards 095 026 Notes to the Consolidated Financial Statements Business Review 028 Investment in Power Assets 153 030 Infrastructure Investment in United Kingdom Principal Subsidiaries 036 Infrastructure Investment in Australia 040 Infrastructure Investment in New Zealand 154 Principal Associates 042 Infrastructure Investment in Continental Europe 045 Infrastructure Investment in Canada 156 048 Infrastructure Investment in Mainland China Principal Joint Ventures 050 Investment in Infrastructure -
Hutchison Whampoa Limited Annual Report 2005 18 16 12 32 27 23 20 35 30 26 24 17 28 13 31 29 25 21 19 33 22 14 36 3 15 8 34 4 5 9 6 11 2 10 7
OPERATIONS REVIEW 32 Hutchison Whampoa Limited Annual Report 2005 18 16 12 32 27 23 20 35 30 26 24 17 28 13 31 29 25 21 19 33 22 14 36 3 15 8 34 4 5 9 6 11 2 10 7 1 1 Australia 7 Indonesia 13 Romania 19 Slovenia 25 Austria 31 France 2 The Philippines 8 Mainland China 14 Turkey 20 Lithuania 26 Germany 32 United Kingdom 3 South Korea 9 Thailand 15 Israel 21 Hungary 27 The Netherlands 33 Spain 4 Taiwan 10 Singapore 16 Latvia 22 Italy 28 Luxembourg 34 Morocco 5 Hong Kong 11 Malaysia 17 Slovakia 23 Poland 29 Switzerland 35 Republic of Ireland 6 Macau 12 Russia 18 Estonia 24 Czech Republic 30 Belgium 36 Portugal Retail The retail division consists of the A S Watson group of companies, one of the world’s largest and most diversified retailers currently operating 11 retail chains in Europe and four major retail chains in Asia, with more than 7,100 stores in 36 markets worldwide that provide high quality personal care, health and beauty products; luxury perfumery and cosmetic products; food, wine and general merchandise; and consumer electronic and electrical appliances. A S Watson also manufactures and distributes various water and other beverages in Hong Kong and the Mainland. Hutchison Whampoa Limited Annual Report 2005 33 OPERATIONS REVIEW Retail These businesses are managed under four principal operating divisions: Health and Beauty; Luxury Perfumeries and Cosmetics; Food, Electronics and General Merchandise (“FEGM”); and Manufacturing. Total revenue for the retail division totalled HK$88,780 million, an increase of 30% compared to last year, mainly due to contributions from Marionnaud Parfumeries (“Marionnaud”) and The Perfume Shop, which were acquired in April and August respectively; a full-year contribution from the Rossmann retail chain in Germany, in which a 40% interest was acquired in August 2004; and also continued sales growth in PARKnSHOP and Watsons in the Mainland, Watsons in Taiwan and the UK retail operations. -
The Competitive Strategy of an Ethnic Chinese Corporate Group Under the Hong Kong Economic Development, with Special Emphasis on the Cheung Kong Group
View metadata, citation and similar papers at core.ac.uk brought to you by CORE provided by Ritsumeikan Research Repository © Institute of lnternational Relations and Area Studies, Ritsumeikan University The Competitive Strategy of an Ethnic Chinese Corporate Group under the Hong Kong Economic Development — With Special Emphasis on the Cheung Kong Group — Mori, Masaki* Abstract This paper discusses about the competitive strategy of an ethnic Chinese corporate group under the Hong Kong economic development, with special emphasis on the Cheung Kong group. First, Hong Kong economy, its industrial development and the economic relationship between Hong Kong and the mainland China is historically examined. Second, the growth strategy of a Hong Kong corporate group, the Cheung Kong group, is discussed how to diversify its business in adapting to Hong Kong economic environment. Third, the characteristics of its corporate governance and accounting management are discussed as a family-owned corporate group. Keywords: Competitive Strategy, Ethnic Chinese Corporate Group, the Hong Kong Economic Development, the Cheung Kong Group Ritsumeikan International Affairs Vol.12, pp.21–38 (2014). * Associate Professor, College of Business Administration, Ritsumeikan University, Japan. E-mail: [email protected] 22 Ritsumeikan International Affairs 【Vol. 12 1. Introduction This paper examines the Competitive Strategy of an ethnic Chinese corporate group under the Hong Kong economic development, through a case study of the Cheung Kong Group. The focus herein is on corporate governance and accounting management within family enterprises. You Zhongxun (1998) proposes that “The reason for the economic prosperity of ethnic Chinese…is largely attributable to Asia’s economic development. -
Principal Subsidiary and Associated Companies and Joint Ventures at 31 December 2020
Principal Subsidiary and Associated Companies and Joint Ventures at 31 December 2020 Nominal value of Place of incorporation / issued ordinary Percentage of Subsidiary and associated companies and principal place of share capital **/ equity attributable joint ventures operations registered capital to the Group Principal activities Ports and related services Alexandria International Container Terminals Egypt USD 30,000,000 59 Container terminal operating Company S.A.E. Amsterdam Container Terminals B.V. Netherlands EUR 18,400 80 Container terminal operating Brisbane Container Terminals Pty Limited Australia AUD 34,100,000 80 Container terminal operating Buenos Aires Container Terminal Services S.A. Argentina ARS 648,385,014 80 Container terminal operating ECT Delta Terminal B.V. Netherlands EUR 18,000 71 Container terminal operating Ensenada Cruiseport Village, S.A. de C.V. Mexico MXP 145,695,000 80 Cruise terminal operating Ensenada International Terminal, S.A. de C.V. Mexico MXP 160,195,000 80 Container terminal operating Europe Container Terminals B.V. Netherlands EUR 45,000,000 75 Holding company Euromax Terminal Rotterdam B.V. Netherlands EUR 100,000 49 Container terminal operating Freeport Container Port Limited Bahamas BSD 2,000 41 Container terminal operating Gdynia Container Terminal S.A. Poland PLN 11,379,300 80 Container terminal operating and rental of port real estate Harwich International Port Limited United Kingdom GBP 16,812,002 80 Container terminal operating ✡ Hongkong United Dockyards Limited Hong Kong HKD 76,000,000 50 Ship repairing, general engineering and tug operations ✡ 惠州港業股份有限公司 China RMB 300,000,000 27 Container terminal operating ✡ Huizhou Quanwan Port Development Co., Ltd. -
Solid Foundation Fosters Long-Term Development
20 1 7 Annual Report Solid Foundation Fosters Long-term Development 22nd Floor, Hutchison House, 10 Harcourt Road, Hong Kong Telephone: +852 2128 1188 2017 Annual Report Facsimile: +852 2128 1705 www.ckh.com.hk WorldReginfo - 7a0610cc-4251-4d12-8195-61d40b71508e Corporate Information CK Hutchison Holdings Limited BOARD OF DIRECTORS EXECUTIVE DIRECTORS NON-EXECUTIVE DIRECTORS Chairman CHOW Kun Chee, Roland, LLM LI Ka-shing, GBM, KBE, LLD (Hon), DSSc (Hon) CHOW WOO Mo Fong, Susan, BSc Commandeur de la Légion d’Honneur Grand Officer of the Order Vasco Nunez de Balboa LEE Yeh Kwong, Charles, GBM, GBS, OBE, JP Commandeur de l’Ordre de Léopold LEUNG Siu Hon, BA (Law) (Hons), LL.D. (Hon) Group Co-Managing Director and George Colin MAGNUS, OBE, BBS, MA Deputy Chairman LI Tzar Kuoi, Victor, BSc, MSc, LLD (Hon) INDEPENDENT NON-EXECUTIVE DIRECTORS Group Co-Managing Director KWOK Tun-li, Stanley, BSc (Arch), AA Dipl, LLD (Hon), ARIBA, MRAIC FOK Kin Ning, Canning, BA, DFM, FCA (ANZ) CHENG Hoi Chuen, Vincent, GBS, OBE, JP Frank John SIXT, MA, LLL The Hon Sir Michael David KADOORIE, GBS, LLD (Hon), DSc (Hon) Group Finance Director and Deputy Managing Director Commandeur de la Légion d’Honneur Commandeur de l’Ordre des Arts et des Lettres IP Tak Chuen, Edmond, BA, MSc Commandeur de l’Ordre de la Couronne Deputy Managing Director Commandeur de l’Ordre de Leopold II (William Elkin MOCATTA, FCA as his alternate) KAM Hing Lam, BSc, MBA Deputy Managing Director LEE Wai Mun, Rose, JP, BBA LAI Kai Ming, Dominic, BSc, MBA William SHURNIAK, S.O.M., M.S.M., LLD