The Zhitong Finance App learned that Johnson Electric Holdings (00179) fell by more than 5%, hitting a new low of HK$3.13. The stock price has already retreated 55% during the year. As of press release, it decreased by 5.37% to HK$13.21, with a turnover of HK$29.6214 million.

According to the news, Johnson Electric Holdings recently issued a profit warning. It is estimated that profit attributable to shareholders for the six months up to the end of September will be between 50 million US dollars and 58 million US dollars, down 56% to 62% from the previous year. Of this, about 49 million to 55 million US dollars came from foreign exchange related adverse effects, rising raw material and other investment costs, and inflationary pressure on labor and other operating costs, which also had a negative impact on profits.

Citibank released a research report saying that in view of the company's profit margin outlook falling short of expectations, the bank lowered its profit forecast for the 2027-2029 fiscal year by 21% to 37%, the target price decreased by 25.5% from HK$19.6 to HK$14.6, and the rating was downgraded from “neutral” to “sell”. Xiaomo lowered the company's net profit forecast for the 2027-29 fiscal year by 29%, 22% and 23% to $169 million, 247 million and US$309 million, which is 25%, 8% and 7% lower than market expectations.

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