The Zhitong Finance App learned that Johnson Electric Holdings (00179) fell more than 6%. As of press release, it fell 6.63% to HK$18.32, with a turnover of HK$51.362 million.
According to the news, on July 16, Johnson Electric Holdings announced that for the three months ending June 30, 2026, the Group's turnover was US$936 million, up about US$21 million, or 2%, compared with US$915 million in the same period of the previous fiscal year. During the period, thanks to favorable exchange rate changes, the Group's turnover increased by US$14 million. For the three months ended June 30, 2026, the automotive product group's turnover was US$778 million, up US$13 million or 2% from the same period in fiscal year 25/26. Excluding foreign exchange effects, the turnover of the automotive product category remained roughly the same.
Chairman's comments and outlook on sales performance: “The Group's revenue for the first quarter increased moderately in accordance with reporting benchmarks, mainly due to favorable exchange rate changes. Looking ahead, market visibility is still limited as the macroeconomic environment, geopolitical situation and trade tariff policy prospects remain uncertain, and customers continue to be cautious in purchasing and investment decisions. However, with plans to launch new products covering various fields such as automobiles, consumer goods and industrial applications, and anticipation of further market share expansion with several major customers, the Group is still aiming to achieve mid-single digit growth throughout the year.