HK Stock Market Move | JOHNSON ELEC H (00179) fell more than 6%, with first quarter revenue increasing by about 2% year-on-year. Customer procurement and investment decisions continue to be cautious.

JOHNSON ELEC H(00179) fell more than 6%, closing at a 6.63% decline to HK$18.32, with a turnover of HK$51.336 million. On the news front, on July 16th, JOHNSON ELEC H announced that the Group's revenue for the three months ended June 30, 2026 was US$936 million, an increase of approximately US$21 million or 2% compared to the same period of the previous fiscal year at US$915 million. During the period, the Group's revenue increased by US$14 million due to favorable exchange rate movements. For the three months ended June 30, 2026, the revenue of the automotive products group was US$778 million, an increase of US$13 million or 2% from the same period of fiscal year 25/26. Excluding the impact of foreign exchange, the revenue of the automotive products group remained roughly flat. The Chairman commented on the sales performance and outlook: "The Group's revenue for the first quarter recorded a moderate growth based on the reported benchmark, mainly due to favorable exchange rate movements. Looking ahead, due to the uncertainties in the macroeconomic environment, geopolitical situations, and trade tariff policy outlook, customers continue to be cautious in their purchasing and investment decisions, therefore market visibility remains limited. However, with the Group's new product launch plans covering multiple areas such as automotive, consumer products, and industrial applications, and the expected further expansion of market share with several key customers, the Group still aims for mid-single-digit growth for the full year.