Changes in Hong Kong stocks | Johnson Electric Holdings (00179) fell more than 4% in early trading, revenue increased 2% in the first fiscal quarter, and gross margin faced multiple challenges

The Zhitong Finance App learned that Johnson Electric Holdings (00179) fell more than 4% in early trading. As of press release, it was down 3.66% to HK$16.86, with a turnover of HK$46.68 million.

According to the news, Johnson Electric Holdings announced that its revenue for the first fiscal quarter ending the end of June was US$936 million, an increase of 2% over the previous year. During the period, thanks to favorable exchange rate changes, the Group's turnover increased by US$14 million. Deutsche Bank said Johnson Electric's first-fiscal quarter data was in line with market expectations.

Deutsche Bank quoted management as saying that gross margin for the 2026-2027 fiscal year may face multiple challenges. Freight charges will rise due to geopolitical tension. Coupled with rising plastic resin costs, global light vehicle production is expected to drop 3% year-on-year, and raw material costs such as copper, silver, aluminum, steel and electronic components will rise widely.