CK Asset Holdings Limited (HKEX:1113) Annual Report 2021



The latest annual report of CK Asset Holdings Limited (1113) was published on 31 Dec 2021. An annual report is a document that public corporations must provide annually to shareholders that describes their operations and financial conditions. Typically, an annual report will contain sections such as General corporate information, Operating and Financial highlights, Letter to shareholders from the CEO, Financial statements etc.

Key Statistics - 1113 Annual Results

Amounts in HKD

Total Revenue
62.09B
Gross Profit
34.85B
EBIT
23.95B
Net Tangible Assets
374.55B
Net Income
21.48B
Capital Expenditures
-3.19B

1113 Income Statement 2021 Annual Report

As per the latest Income Statement of 1113, the Net revenue increased by $4.471B (8%) compared to the previous period. The operating income in 2021 increased by $1.723B (8%). The net income as per the annual report was 21.48B which increased by $4.649B (28%) compared to previous year.

Income Statement Report (2021/2020)

2021 2020
Total Revenue 62.09B 57.62B
Gross Profit 34.85B 32.16B
Operating Income 23.95B 22.23B
Income Before Tax 30.06B 24.59B
Net Income 21.48B 16.83B

Balance Sheet - 1113 2021 Annual Report

Read further: 1113 Balance Sheet Detailed Analysis

The latest balance sheet from annual result of CK Asset Holdings Limited showed the company increased the cash on balance sheet by $4.353B (7%). The Net tangible assets of 1113 on the balance sheet were at 374.55B which is $20.364B (6%) more than previous annual report. The total stockholder equity also increased by $18.318B (5%) compared to previous reporting period.

Balance Sheet Statement Report (2021/2020)

2021 2020
Cash 62.57B 58.21B
Total Assets 556.71B 520.7B
Long Term Debt 67.66B 55.01B
Total Liabilities 170.44B 153.49B
Total Shareholder Equity 379.16B 360.84B
Net Tangible Assets 374.55B 354.18B

Cash Flow Statement - 1113 2021 Annual Report

The 2021 annual cash flow statement of CK Asset Holdings Limited showed that the net income increased by $4.649B (28%) compared to previous reporting period. Also the capital expenditure of 1113 decreased by $-1.864B (-141%).

As of 2021, the total cash from investing activities was -3.77B and total cash from financing activities was -17.81B.

Cash Flow Statement Report (2021/2020)

2021 2020
Net Income 21.48B 16.83B
Capital Expenditures -3.19B -1.32B
Dividends Paid -7.11B -7.63B
Total Cash From From Investing Activities -3.77B -7.26B
Total Cash From From Financing Activities -17.81B -19.38B

CK Asset Holdings Limited Annual Report History

Income Statement

Income Statement history of CK Asset Holdings Limited (HKEX:1113)

31 Dec 2021 31 Dec 2020 31 Dec 2019 31 Dec 2018
Total Revenue 62.09B 57.62B 82.38B 50.37B
Cost Of Revenue 27.24B 25.46B 44.31B 22.75B
Gross Profit 34.85B 32.16B 38.07B 27.61B
Research Development - - - -
Selling General Administrative 8.06B 6.97B 4.45B 3.87B
Non Recurring - - - -
Other Operating Expenses 661M 717M 896M 559M
Total Operating Expenses 38.14B 35.4B 51.85B 28.96B
Operating Income 23.95B 22.23B 30.53B 21.41B
Total Other Income Expense Net 6.11B 2.37B 6.98B 27.77B
Ebit 23.95B 22.23B 30.53B 21.41B
Interest Expense -1.19B -1.38B -1.29B -1.08B
Income Before Tax 30.06B 24.59B 37.51B 49.17B
Income Tax Expense 8.53B 7.39B 7.46B 7.54B
Minority Interest 7.12B 6.38B 5.31B 5.84B
Net Income From Continuing Ops 21.53B 17.2B 30.05B 41.63B
Discontinued Operations 417M 590M 590M 590M
Extraordinary Items - - - -
Effect Of Accounting Charges - - - -
Other Items - - - -
Net Income 21.48B 16.83B 29.68B 40.66B
Net Income Applicable To Common Shares 21.24B 16.33B 29.13B 40.12B

Balance Sheet Statement

Balance Sheet Statement history of CK Asset Holdings Limited (HKEX:1113)

31 Dec 2021 31 Dec 2020 31 Dec 2019 31 Dec 2018
Cash 62.57B 58.21B 59.44B 55.42B
Net Receivables 4.99B 3.8B 2.96B 17.72B
Inventory 127.48B 121.74B 121.93B 143.37B
Other Current Assets 34.02B 4.67B 2.17B 1.75B
Total Current Assets 234.12B 192.74B 190.51B 220.93B
Long Term Investments 100.13B 86.48B 83.4B 84.06B
Property Plant Equipment 208.77B 223.78B 217.35B 161.14B
Good Will 4.61B 6.66B 6.49B -
Other Assets 9.08B 11.05B 10.29B 9.83B
Deferred Long Term Asset Charges 2.85B 3.1B 2.69B 3.13B
Total Assets 556.71B 520.7B 508.06B 475.94B
Accounts Payable 5.2B 4.57B 5.49B 5.05B
Short Long Term Debt 28.81B 22.89B 6.84B 1.83B
Other Current Liab 29.18B 28.99B 21.29B 37B
Long Term Debt 67.66B 55.01B 73.24B 67.71B
Other Liab 18.17B 20.68B 17.19B 12.76B
Minority Interest 7.12B 6.38B 5.31B 5.84B
Total Current Liabilities 78.52B 70.82B 49.76B 54.45B
Total Liab 170.44B 153.49B 146.82B 134.92B
Common Stock 3.64B 3.69B 3.69B 3.69B
Retained Earnings 195.64B 179.94B 170.91B 149.22B
Treasury Stock -59.1B -64.74B -60.63B -59.67B
Capital Surplus 238.97B 241.94B 241.94B 241.94B
Other Stockholder Equity -59.1B -64.74B -60.63B -59.67B
Total Stockholder Equity 379.16B 360.84B 355.92B 335.19B
Net Tangible Assets 374.55B 354.18B 349.43B 335.19B

Cash Flow Statement

Cash Flow Statement history of CK Asset Holdings Limited (HKEX:1113)

31 Dec 2021 31 Dec 2020 31 Dec 2019 31 Dec 2018
Net Income 21.48B 16.83B 29.68B 40.66B
Depreciation 3.52B 3.44B 2.19B 1.77B
Change To Netincome -420M 1.69B 867M -15.46B
Change To Account Receivables 3.98B -3.55B -1.26B 548M
Change To Liabilities -173M 3.9B -16.95B -1.13B
Change To Inventory -5.33B 3.67B 21.04B -9.8B
Change To Operating Activities 2.31B -1.69B 6.35B -2.62B
Total Cash From Operating Activities 25.36B 24.3B 41.91B 13.97B
Capital Expenditures -3.19B -1.32B -4.22B -5.03B
Investments -693M -22M 508M -12.46B
Other Cashflows From Investing Activities 932M 1.47B 3.03B 2.49B
Total Cashflows From Investing Activities -3.77B -7.26B -14.84B -805M
Dividends Paid -7.11B -7.63B -7.74B -7.01B
Net Borrowings 9.72B -3.66B -12.08B -1.76B
Other Cashflows From Financing Activities -2.59B -2.59B -2.92B -2.75B
Total Cash From Financing Activities -17.81B -19.38B -22.75B -11.76B
Effect Of Exchange Rate 573M 1.12B -302M -357M
Change In Cash 4.35B -1.23B 4.02B 1.05B
Repurchase Of Stock -19.54B -11.67B -11.67B -232M
Issuance Of Stock 1.72B 6.17B 6.17B 6.17B