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Johnson Electric Holdings ( (HK:0179) ) has shared an update.
Johnson Electric Holdings reported a 2% decrease in sales for the first quarter of the financial year 25/26, with total sales amounting to US$915 million. The Automotive Products Group experienced a 3% decline in sales, largely due to reduced demand for non-domestic car brands in China and competitive market conditions. However, there was growth in sales to domestic car brands in China and a 2% increase in sales in the EMEA region. The Industry Products Group saw a 2% increase in sales, driven by strong performance in EMEA due to new product launches and replenishment orders. Despite the challenging macroeconomic environment, the company remains optimistic about growth in the second half of the financial year, supported by a pipeline of new product launches and business developments.
The most recent analyst rating on (HK:0179) stock is a Buy with a HK$22.00 price target. To see the full list of analyst forecasts on Johnson Electric Holdings stock, see the HK:0179 Stock Forecast page.
More about Johnson Electric Holdings
Johnson Electric Holdings Limited is a company incorporated in Bermuda, operating in the automotive and industrial sectors. It specializes in manufacturing products for automotive applications such as closure, thermal management, oil pump, and steering, as well as industrial products including piezo motors and components for medical and semiconductor industries.
Average Trading Volume: 7,610,126
Technical Sentiment Signal: Buy
Current Market Cap: HK$19.49B
For an in-depth examination of 0179 stock, go to TipRanks’ Overview page.