Techtronic Industries Company Limited
0669Company Overview
Chuangke Industrial Co., Ltd. (the “Company”, the “Group” or “Chuangke Industrial”) is a rapidly growing and leading global power tools, accessories, hand tools, outdoor gardening tools and floor care and cleaning products company. It specializes in providing home improvement, repair, maintenance, construction and infrastructure products for DIY families/consumers, professionals and industrial users. The company is striving to rapidly change the face of the industry through environmentally friendly advanced rechargeable technology. Chuangke Industrial's brands, such as MILWAUKEE, RYOBI, and HOOVER, have a long history and are rich in characteristics. The rechargeable product platform has excellent quality, excellent performance, safety and productivity, and is brave in innovation, and is widely recognized around the world. Chuangke Industrial was founded in 1985 and listed on the Hong Kong Stock Exchange (“Hong Kong Stock Exchange”) in 1990. It is now included as one of the constituent stocks of the Hang Seng Index. The company has a strong product portfolio, manufacturing and product development footprint all over the world, and its financial situation is stable. Total global sales in 2022 recorded a record US$13.3 billion, and the number of employees in the first half of 2023 exceeded 44,000.
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
This stock does not meet all Shariah compliance criteria according to AAOIFI standards.
| Name | Techtronic Industries Company Limited |
| Ticker | 0669 |
| Main Business | Tools & Accessories |
| Type | Common Stock |
| Industry | Tools & Accessories |
| Country | HK |
| Market Cap | $21.83 B |
Shariah Analysis Breakdown
| Revenue Segment | Value ($M) | Non-Compliant ($M) | Reason |
|---|---|---|---|
| Power Equipment | $12,329.1 | $0.0 | - |
| Floorcare & Cleaning | $924.8 | $0.0 | - |
| Other income | $13.5 | $0.0 | - |
| Interest income | $25.9 | $25.9 | - |
| Total | $13,293.3 | $25.9 | 0.19% (passed) |
| Liability Item | Value ($M) | % of Market Cap |
|---|---|---|
| bank loans and overdrafts | $920,150,000.0 | 4.21% |
| derivative financial instrument current liabilities | $16,060,000.0 | 0.07% |
| notes payable | $21,130,000.0 | 0.10% |
| long term bank loan | $1,030,000,000.0 | 4.72% |
| Total Interest-Bearing Debt | $1,987,340,000.0 | 9.10% |
| Market Capitalization | $21,830,961,538.5 | 100.00% |
| Compliance Status | Threshold: 33% | passed |