Power Assets Holdings Limited

0006
Failed

Company Overview

Electric Energy Industrial Co., Ltd. (“Electric Energy Industry” or the “Group”) is committed to investing in energy and utility-related businesses around the world, including transmission of electricity, gas and oil, distribution and gas distribution, waste to energy, thermal power and other renewable energy generation. Rooted in Hong Kong for over a century, we now operate all over the world, including the UK, Australia, New Zealand, mainland China, Thailand, the Netherlands, Canada, and the US, bringing clean, reliable and affordable energy to approximately 19.5 million residential and commercial customers. The Group's main revenue comes from 520,000-kilometer electricity supply, gas distribution and oil pipeline networks, and investments in approximately 9,800 megawatts of power generation facilities. Investments in the electric energy industry are mainly business acquisitions, followed by new development projects. Adhering to a proactive, prudent and smart business strategy, the Group invests in reasonably priced companies in well-regulated and developed mature markets to create stable and reliable revenue streams and achieve long-term sustainable growth. The transition to green energy is critical for the global market to reach carbon neutrality goals. As an important member of the energy industry, the Group invests significant resources in developing innovative technology to accelerate the pace of transformation while ensuring the continued provision of reliable and affordable energy supplies. Electric Energy Industrial is listed on the Hong Kong Stock Exchange and is one of the constituent stocks of the Hang Seng Index. It has also been selected as a constituent stock of the “Hang Seng Sustainability Enterprise Index” since 2010.

Country
HK
Market Cap
$12.36B
Last Fiscal Year
2023
Final Shariah Status
Failed
Compliance Analysis Overview

Shariah Compliance Benchmarks:

  • Business Compliance: Non-Shariah compliant revenue must be less than 5% of total revenue
  • Liabilities Compliance: Interest-bearing debt must be less than 33% of market capitalization
Business Compliance
49.63% failed
5% Threshold
49.6%
Liabilities Compliance
3.42% passed
33% Threshold
3.4%
Final Shariah Status
Failed

This stock does not meet all Shariah compliance criteria according to AAOIFI standards.

Stock Information
Name Power Assets Holdings Limited
Ticker 0006
Main Business Utilities—Independent Power Producers
Type Common Stock
Industry Utilities—Independent Power Producers
Country HK
Market Cap $12.36 B

Shariah Analysis Breakdown

Business compliance Breakdown
Revenue Segment Value ($M) Non-Compliant ($M) Reason
Interest income $1,207.0 $1,207.0 -
Dividend income $58.0 $58.0 -
Interest income on financial assets measured at amortised cost $68.0 $68.0 -
Sundry income $20.0 $0.0 -
Total $1,353.0 $1,333.0 49.63% (failed)
Liabilities Compliance Breakdown
Liability Item Value ($M) % of Market Cap
long term bank loan $397,435,897.4 3.22%
derivative financial instruments non current liabilities $25,512,820.5 0.21%
Total Interest-Bearing Debt $422,948,717.9 3.42%
Market Capitalization $12,356,730,769.2 100.00%
Compliance Status Threshold: 33% passed