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Yahoo
13 hours ago
- Business
- Yahoo
These 2 Momentum Stocks Are Gaining Steam — Here's Why Big Banks Say They're Headed Higher
Momentum investing is a perennial favorite strategy for stock investors – after all, following the winners always sounds like a good idea. Momentum names are the stocks that started climbing and just kept going. Once that momentum kicks in, these stocks don't stop to wait for anything. Instead, they keep running on a combination of investor confidence and a prevailing trend. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. However, the law of gravity applies in the market just as it does in the physical world – what goes up must eventually come down. The key to success in momentum investing is knowing when to sell and lock in gains, so you're not left standing when the music stops. Finding the best momentum stocks takes more than simply chasing sharp gains. The Wall Street analysts know this, which is why they look beyond the hype and trends to the underlying data – from earnings reports and verified metrics to future projections and forecasts – that support a stock's upward move. We've used the TipRanks database to identify two momentum stocks that are gaining steam – and that analysts say still have more room to run. Both are rated as Buys and are already up more than 40% this year. Let's take a closer look and see what else makes them compelling picks in today's market. APi Group Corporation (APG) The business world is complex. Successful enterprises tend to focus on their core work, making sure to get that right, to make it profitable, to use it to build a loyal customer base. But in all of that, there are the daily tasks of mundane existence – keeping up the building, maintaining the AC, bringing fire safety systems up to code – and these tasks can divert attention from the core business. But those tasks can't be ignored, either, and the first stock we're looking at here, APi Group, has made its own living providing exactly those services. APi is a professional services firm, providing life safety, security, and other specialty services for a varied enterprise customer base that spans a wide range of industries around the world. Drilling down, we find that APi splits its business into two broad segments, Safety Services and Specialty Services. Under the first category, APi supplies a wide range of services related to fire control and protection, including access control, emergency and exit lighting, hazard systems, fire alarm and detection systems, fire pumps, fire sprinkler systems, temperature scanning, and remote monitoring. The company also offers elevator and escalator services through this division, featuring contractual maintenance, modernization, inspections and testing, and on-demand repair. APi Group's Specialty Services are more varied, and include services in building infrastructure, HVAC, and parts fabrication. The company has specific expertise in electric and gas utilities, fiber optics, water and sewer systems, HVAC installations, building information and control systems, and piping and ventilation systems. The company set up its two-sided organization over the last few years, following its 2022 acquisition of the fire and security firm Chubb. That acquisition was valued at approximately $3.1 billion and brought the UK-based Chubb into APi's fold, as one of the many top-tier partners under APi's umbrella. When we turn to APi's financial results, we find that the company last reported results for 1Q25, and beat the forecasts at both the top and bottom lines. The company's revenue, at $1.72 billion for the quarter, was $63.5 million better than expected and was up 7.5% year-over-year. APi's bottom line, reported as a non-GAAP EPS of $0.37, was a penny better than the forecast and was up 8.8% from the prior-year period. We should note here that APG stock is up 45% so far this year. This momentum stock has caught the attention of JPMorgan analyst Tomohiko Sano, who sees potential in the company's addressable market and its fundamentals for expansion. Sano writes, 'APG has transitioned from a post-Chubb integration story to a streamlined operator with two focused platforms: Safety Services and Specialty Services. Firsthand discussions with site leaders and end customers during our visit revealed consistent messaging and operational discipline across the field. The market is fragmented against a TAM of $160B, and we expect multiple expansion with improvements in EBITDA margin driven by rising share and increased service revenue (aiming for 60%). We believe APG's platform strength is now more visible and more scalable than during our prior view… While the stock has performed well year to date, we see further upside as fundamentals strengthen and the visibility into margin expansion and capital deployment improves.' These comments back up the analyst's Overweight (i.e., Buy) rating, while his $42 price target implies a one-year upside potential of 21%. (To watch Sano's track record, click here) There are 9 recent analyst reviews on APG shares, and they are unanimously positive to give the stock its Strong Buy consensus rating. The shares are currently priced at $34.68 and their $38.21 average target price indicates room for a 10% upside on the one-year horizon. (See APG stock forecast) National Fuel Gas Company (NFG) The second stock on our momentum list, National Fuel Gas Company, is a diversified energy firm with operations at all levels of the natural gas industry: upstream, midstream, and downstream. The company operates through four distinct business segments, each with its own focus on the gas sector: exploration & production, pipeline & storage, gathering, and utility. These business segments develop gas resources, move it to the tank farms, and then transfer it to the end-use customers. National Fuel is based in Williamsville, in western New York; its E&P activities are located in the Appalachian region of northwestern Pennsylvania, and its utility customer base, both residential and commercial, is located in adjacent regions of Pennsylvania and New York. Some numbers will show the scale of National Fuel's business. The company's holdings for gas production total approximately 1.2 million net acres and generated 1.2 bcf per day, while its midstream network includes some 2,800 miles' worth of pipelines. On the utility side, National Fuel boasts 755,000 customers. The company has a history of making strong investments to support and enhance the business; since 2010, National Fuel has put $2.9 billion into its midstream services, and over $1 billion into utility safety. Over the past several years, the US natural gas sector has been expanding, as industries seek to shift away from coal and into less expensive and cleaner-burning fuels. Natural gas offers advantages on both fronts, and in the past year National Fuel has been rising as well. The company jumped on that, and in 2020 spent over $500 million to acquire integrated upstream and midstream gathering assets in Pennsylvania from a Royal Dutch Shell subsidiary. More recently, the company's stock price is up, by 52% in the past 12 months and 48% for the year to date. National Fuel now has a market cap of just over $8 billion. Of interest to return-minded investors, National Fuel has a reliable dividend history, and in its last declaration, on June 12, the company instituted a 4% bump in the payment, for its 55th consecutive annual dividend increase. The current payment of 53.5 cents annualizes to $2.14 per common share and gives a forward yield of 2.4%. Looking at the company's earnings, we see that National Fuel brought in $729.95 million in revenue during its fiscal 2Q25. This was up 16% year over year, although it missed the forecast by $44.6 million. The company reported a non-GAAP EPS of $2.39, a figure that was 18 cents per share better than had been anticipated. Bank of America analyst Kalei Akamine likes NFG shares, and he writes of the company's recent past and likely prospects, saying, 'Since acquiring the Eastern Development Area from Shell in 2020, productivity has gotten increasingly better. Our review of recent data shows production tracking 2.6 bcf per thousand feet, 16% ahead of management expectations. We believe this enables a more capital efficient program through the end of the decade. Near term, we see better productivity and strip pricing supporting a strong guide for fiscal 2026, that will be provided with August results.' Looking ahead, Akamine gives some additional reasons to buy into this stock, adding, 'While we note some regulatory risk that may be a headwind to new out of basin egress and operational risk in growing production in the EDA we believe that recent well data, the upstream development outlook, and federal regulatory support for new pipelines have tipped the risk/reward balance creating an attractive entry point.' The BofA analyst goes on to put a Buy rating on NFG shares, which he supports with a $107 price objective, suggesting a 21% upside potential for the stock in the next 12 months. (To watch Akamine's track record, click here) National Fuel's shares have picked up 5 recent analyst reviews, and the 3-to-2 split favoring Buy over Hold gives the stock a Moderate Buy consensus rating. NFG is priced at $88.58, and its $96.25 average target price implies a 9% upside by this time next year. (See NFG stock forecast) To find good ideas for stocks trading at attractive valuations, visit TipRanks' Best Stocks to Buy, a tool that unites all of TipRanks' equity insights. Disclaimer: The opinions expressed in this article are solely those of the featured analysts. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment. Disclaimer & DisclosureReport an Issue Sign in to access your portfolio
Associated Press
16-07-2025
- Automotive
- Associated Press
Johnson Electric reports Business and Unaudited Financial Information for the First Quarter of Financial Year 25/26 and Formation of Joint Ventures in the PRC for Humanoid Robotics Business
HONG KONG SAR - Media OutReach Newswire – 16 July 2025 - This news release is made by Johnson Electric Holdings Limited ('Johnson Electric' or the 'Company' and together with its subsidiaries, the 'Group') for the business operations and selected unaudited financial information of the Group for the three months ended 30 June 2025 and the formation of joint ventures in the PRC for humanoid robotics business. Business and Unaudited Financial Information for the First Quarter of Financial Year 25/26 The Group's sales for the three months ended 30 June 2025 were US$915 million compared to US$935 million for the same period in the previous financial year, a decrease of 2%. Exchange rate movements had a favourable impact of US$9 million on the Group's sales during the period. Sales of Automotive Products Group ('APG') APG's sales for the three months ended 30 June 2025 were US$765 million, a decrease of US$23 million or 3% compared to the same period in financial year 24/25. Excluding currency effects, APG's sales decreased by US$30 million or 4%. The division's sales changes by region, excluding currency effects, were as follows: In Asia-Pacific, sales decreased by 9%. Sales of products for closure, thermal management, oil pump and steering applications decreased, partially offset by increased sales of products for braking applications. The decline in sales in the region was primarily driven by significantly reduced demand for non-domestic car brands in China, a category where APG has historically maintained an above-average market share, as well as price adjustments made in response to competitive market conditions. However, accelerating growth in sales to domestic car brands in China partially offset this decline. In Europe, the Middle East and Africa ('EMEA'), sales increased by 2%. Sales of products for braking, oil pump, steering, engine and fuel management applications increased, partially offset by decreased sales of products for closure and vision applications. In the Americas, sales decreased by 4%. Sales of products for braking, oil pump and engine and fuel management applications decreased due to the phasing out of some programs and weak demand from certain customers. This decline was partially offset by increased sales of powder metal components. Sales of Industry Products Group ('IPG') IPG's sales for the three months ended 30 June 2025 were US$150 million, an increase of US$2 million or 2% compared to the same period in the previous financial year. Excluding currency effects, IPG's sales increased by US$1 million or 1%. The overall performance reflects a mixed regional picture, shaped by varying market and customer dynamics. The division's sales changes by region, excluding currency effects, were as follows: In Asia-Pacific, sales decreased by 7%, primarily due to both IPG as well as some of its customers experiencing keen price competition in certain product segments, where the focus of purchasing decisions has shifted towards low cost over product application features and bespoke design. The decline was further exacerbated by certain customers postponing planned program launches. In EMEA, sales increased by 14%, due to the combination of the ramp-up of existing programs and new product launches, as well as replenishment orders from certain customers after their consumption of previous inventory surpluses. In the Americas, sales decreased by 5% mainly due to weak demand from certain customers and some programs reaching end of life. This was partially offset by increase in sales of piezo motors, which benefited from robust demand for medical drug-dosing systems as well as high-precision equipment utilized in semiconductor foundries. Chairman's Comments on Sales Performance and Outlook Commenting on the first quarter's sales performance, Dr. Patrick Wang, Chairman and Chief Executive, said: 'Johnson Electric's sales in the first quarter of the financial year compared to the same period in the prior year reflected the more subdued macroeconomic environment, as well as the impact of declines in the market share of non-domestic automotive OEM customers in China'. Concerning the outlook for the remainder of the financial year 25/26, Dr. Wang said: 'Until a clearer picture of the global tariff landscape emerges, we can expect customers to remain cautious in their purchasing and investment decisions. In the short term, this is likely to be a drag on sales, though we remain encouraged by our pipeline of new product launches and new business developments that should underpin growth in the second half of the financial year'. Formation of Joint Ventures in the PRC for Humanoid Robotics Business The Company today announced that the Group entered into two equity joint venture agreements with Shanghai Mechanical & Electrical Industry Co., Ltd. ('SMEIC') in relation to the formation of two equity joint ventures. The first joint venture will be incorporated in Shanghai which will primarily serve as a sales channel for products manufactured by the second joint venture, as well as support business development, research and development, application engineering, and customer service for humanoid robotic solutions in the People's Republic of China (''PRC''). The second joint venture will be incorporated in Shenzhen which will serve as the engineering design, research and development, and manufacturing base for humanoid robot hardware modules and hardware system integration solutions. Each of the Group and SMEIC will invest RMB75 million in the two joint ventures. SMEIC is a leading PRC-based electromechanical equipment manufacturing company and is listed on the Shanghai Stock Exchange. 'The two joint ventures are structured to complement one another - combining sales, business development and customer application support with product design, engineering, and manufacturing expertise. Together, they will enable the end-to-end delivery of high-performance humanoid robotic core components and subsystems to customers across the PRC.', said, Austin Wang, Executive Vice President. 'The formation of the joint ventures represents a significant milestone in the Group's long-term strategy to expand its presence in the robotics sector.' Cautionary Statement Regarding Forward-Looking Information This news release contains forward-looking statements regarding the financial condition, results of operations, and business plans of Johnson Electric and its Group, including the formation of joint ventures and the Group's outlook for the full year. These statements are based on current expectations, unaudited internal records, and management accounts, which have not been reviewed or audited by the Company's auditors and are subject to risks and uncertainties. Forward-looking statements can be identified by words such as 'outlook', 'expects', 'anticipates', 'intends', 'plans', 'believes', 'estimates', 'projects', and similar expressions. Such statements are subject to known and unknown risks and uncertainties, and actual results may differ materially from those expressed or implied in these statements. Shareholders and potential investors are advised to exercise caution when dealing or investing in the shares of the Company. Hashtag: #JohnsonElectric The issuer is solely responsible for the content of this announcement. About Johnson Electric Group The Johnson Electric Group is a global leader in electric motors, actuators, motion subsystems and related electro-mechanical components. It serves a broad range of industries including Automotive, Smart Metering, Medical Devices, Business Equipment, Home Automation, Ventilation, White Goods, Power Tools, and Lawn & Garden Equipment. The Group is headquartered in Hong Kong and employs over 30,000 individuals across more than 20 countries worldwide. Johnson Electric Holdings Limited is listed on The Stock Exchange of Hong Kong Limited (Stock Code: 179). For further information, please visit:
The Sun
16-07-2025
- Automotive
- The Sun
Johnson Electric reports Business and Unaudited Financial Information for the First Quarter of Financial Year 25/26 and Formation of Joint Ventures in the PRC for Humanoid Robotics Business
HONG KONG SAR - Media OutReach Newswire – 16 July 2025 - This news release is made by Johnson Electric Holdings Limited ('Johnson Electric' or the 'Company' and together with its subsidiaries, the 'Group') for the business operations and selected unaudited financial information of the Group for the three months ended 30 June 2025 and the formation of joint ventures in the PRC for humanoid robotics business. Business and Unaudited Financial Information for the First Quarter of Financial Year 25/26 The Group's sales for the three months ended 30 June 2025 were US$915 million compared to US$935 million for the same period in the previous financial year, a decrease of 2%. Exchange rate movements had a favourable impact of US$9 million on the Group's sales during the period. Sales of Automotive Products Group ('APG') APG's sales for the three months ended 30 June 2025 were US$765 million, a decrease of US$23 million or 3% compared to the same period in financial year 24/25. Excluding currency effects, APG's sales decreased by US$30 million or 4%. In Asia-Pacific, sales decreased by 9%. Sales of products for closure, thermal management, oil pump and steering applications decreased, partially offset by increased sales of products for braking applications. The decline in sales in the region was primarily driven by significantly reduced demand for non-domestic car brands in China, a category where APG has historically maintained an above-average market share, as well as price adjustments made in response to competitive market conditions. However, accelerating growth in sales to domestic car brands in China partially offset this decline. In Europe, the Middle East and Africa ('EMEA'), sales increased by 2%. Sales of products for braking, oil pump, steering, engine and fuel management applications increased, partially offset by decreased sales of products for closure and vision applications. In the Americas, sales decreased by 4%. Sales of products for braking, oil pump and engine and fuel management applications decreased due to the phasing out of some programs and weak demand from certain customers. This decline was partially offset by increased sales of powder metal components. Sales of Industry Products Group ('IPG') IPG's sales for the three months ended 30 June 2025 were US$150 million, an increase of US$2 million or 2% compared to the same period in the previous financial year. Excluding currency effects, IPG's sales increased by US$1 million or 1%. The overall performance reflects a mixed regional picture, shaped by varying market and customer dynamics. In Asia-Pacific, sales decreased by 7%, primarily due to both IPG as well as some of its customers experiencing keen price competition in certain product segments, where the focus of purchasing decisions has shifted towards low cost over product application features and bespoke design. The decline was further exacerbated by certain customers postponing planned program launches. In EMEA, sales increased by 14%, due to the combination of the ramp-up of existing programs and new product launches, as well as replenishment orders from certain customers after their consumption of previous inventory surpluses. In the Americas, sales decreased by 5% mainly due to weak demand from certain customers and some programs reaching end of life. This was partially offset by increase in sales of piezo motors, which benefited from robust demand for medical drug-dosing systems as well as high-precision equipment utilized in semiconductor foundries. Chairman's Comments on Sales Performance and Outlook Commenting on the first quarter's sales performance, Dr. Patrick Wang, Chairman and Chief Executive, said: 'Johnson Electric's sales in the first quarter of the financial year compared to the same period in the prior year reflected the more subdued macroeconomic environment, as well as the impact of declines in the market share of non-domestic automotive OEM customers in China'. Concerning the outlook for the remainder of the financial year 25/26, Dr. Wang said: 'Until a clearer picture of the global tariff landscape emerges, we can expect customers to remain cautious in their purchasing and investment decisions. In the short term, this is likely to be a drag on sales, though we remain encouraged by our pipeline of new product launches and new business developments that should underpin growth in the second half of the financial year'. Formation of Joint Ventures in the PRC for Humanoid Robotics Business The Company today announced that the Group entered into two equity joint venture agreements with Shanghai Mechanical & Electrical Industry Co., Ltd. ('SMEIC') in relation to the formation of two equity joint ventures. The first joint venture will be incorporated in Shanghai which will primarily serve as a sales channel for products manufactured by the second joint venture, as well as support business development, research and development, application engineering, and customer service for humanoid robotic solutions in the People's Republic of China (''PRC''). The second joint venture will be incorporated in Shenzhen which will serve as the engineering design, research and development, and manufacturing base for humanoid robot hardware modules and hardware system integration solutions. Each of the Group and SMEIC will invest RMB75 million in the two joint ventures. SMEIC is a leading PRC-based electromechanical equipment manufacturing company and is listed on the Shanghai Stock Exchange. 'The two joint ventures are structured to complement one another - combining sales, business development and customer application support with product design, engineering, and manufacturing expertise. Together, they will enable the end-to-end delivery of high-performance humanoid robotic core components and subsystems to customers across the PRC.', said, Austin Wang, Executive Vice President. 'The formation of the joint ventures represents a significant milestone in the Group's long-term strategy to expand its presence in the robotics sector.' Cautionary Statement Regarding Forward-Looking Information This news release contains forward-looking statements regarding the financial condition, results of operations, and business plans of Johnson Electric and its Group, including the formation of joint ventures and the Group's outlook for the full year. These statements are based on current expectations, unaudited internal records, and management accounts, which have not been reviewed or audited by the Company's auditors and are subject to risks and uncertainties. Forward-looking statements can be identified by words such as 'outlook', 'expects', 'anticipates', 'intends', 'plans', 'believes', 'estimates', 'projects', and similar expressions. Such statements are subject to known and unknown risks and uncertainties, and actual results may differ materially from those expressed or implied in these statements. Shareholders and potential investors are advised to exercise caution when dealing or investing in the shares of the Company.
Zawya
16-07-2025
- Automotive
- Zawya
Johnson Electric reports Business and Unaudited Financial Information for the First Quarter of Financial Year 25/26 and Formation of Joint Ventures in the PRC for Humanoid Robotics Business
HONG KONG SAR - Media OutReach Newswire – 16 July 2025 - This news release is made by Johnson Electric Holdings Limited ("Johnson Electric" or the "Company" and together with its subsidiaries, the "Group") for the business operations and selected unaudited financial information of the Group for the three months ended 30 June 2025 and the formation of joint ventures in the PRC for humanoid robotics business. Business and Unaudited Financial Information for the First Quarter of Financial Year 25/26 The Group's sales for the three months ended 30 June 2025 were US$915 million compared to US$935 million for the same period in the previous financial year, a decrease of 2%. Exchange rate movements had a favourable impact of US$9 million on the Group's sales during the period. Sales of Automotive Products Group ("APG") APG's sales for the three months ended 30 June 2025 were US$765 million, a decrease of US$23 million or 3% compared to the same period in financial year 24/25. Excluding currency effects, APG's sales decreased by US$30 million or 4%. The division's sales changes by region, excluding currency effects, were as follows: Three months ended 30 June 2025 Asia-Pacific 9% Decrease Europe, the Middle East and Africa 2% Increase Americas 4% Decrease Total 4% Decrease In Asia-Pacific, sales decreased by 9%. Sales of products for closure, thermal management, oil pump and steering applications decreased, partially offset by increased sales of products for braking applications. The decline in sales in the region was primarily driven by significantly reduced demand for non-domestic car brands in China, a category where APG has historically maintained an above-average market share, as well as price adjustments made in response to competitive market conditions. However, accelerating growth in sales to domestic car brands in China partially offset this decline. In Europe, the Middle East and Africa ("EMEA"), sales increased by 2%. Sales of products for braking, oil pump, steering, engine and fuel management applications increased, partially offset by decreased sales of products for closure and vision applications. In the Americas, sales decreased by 4%. Sales of products for braking, oil pump and engine and fuel management applications decreased due to the phasing out of some programs and weak demand from certain customers. This decline was partially offset by increased sales of powder metal components. Sales of Industry Products Group ("IPG") IPG's sales for the three months ended 30 June 2025 were US$150 million, an increase of US$2 million or 2% compared to the same period in the previous financial year. Excluding currency effects, IPG's sales increased by US$1 million or 1%. The overall performance reflects a mixed regional picture, shaped by varying market and customer dynamics. The division's sales changes by region, excluding currency effects, were as follows: Three months ended 30 June 2025 Asia-Pacific 7% Decrease Europe, the Middle East and Africa 14% Increase Americas 5% Decrease Total 1% Increase In Asia-Pacific, sales decreased by 7%, primarily due to both IPG as well as some of its customers experiencing keen price competition in certain product segments, where the focus of purchasing decisions has shifted towards low cost over product application features and bespoke design. The decline was further exacerbated by certain customers postponing planned program launches. In EMEA, sales increased by 14%, due to the combination of the ramp-up of existing programs and new product launches, as well as replenishment orders from certain customers after their consumption of previous inventory surpluses. In the Americas, sales decreased by 5% mainly due to weak demand from certain customers and some programs reaching end of life. This was partially offset by increase in sales of piezo motors, which benefited from robust demand for medical drug-dosing systems as well as high-precision equipment utilized in semiconductor foundries. Chairman's Comments on Sales Performance and Outlook Commenting on the first quarter's sales performance, Dr. Patrick Wang, Chairman and Chief Executive, said: "Johnson Electric's sales in the first quarter of the financial year compared to the same period in the prior year reflected the more subdued macroeconomic environment, as well as the impact of declines in the market share of non-domestic automotive OEM customers in China". Concerning the outlook for the remainder of the financial year 25/26, Dr. Wang said: "Until a clearer picture of the global tariff landscape emerges, we can expect customers to remain cautious in their purchasing and investment decisions. In the short term, this is likely to be a drag on sales, though we remain encouraged by our pipeline of new product launches and new business developments that should underpin growth in the second half of the financial year". Formation of Joint Ventures in the PRC for Humanoid Robotics Business The Company today announced that the Group entered into two equity joint venture agreements with Shanghai Mechanical & Electrical Industry Co., Ltd. ("SMEIC") in relation to the formation of two equity joint ventures. The first joint venture will be incorporated in Shanghai which will primarily serve as a sales channel for products manufactured by the second joint venture, as well as support business development, research and development, application engineering, and customer service for humanoid robotic solutions in the People's Republic of China (''PRC''). The second joint venture will be incorporated in Shenzhen which will serve as the engineering design, research and development, and manufacturing base for humanoid robot hardware modules and hardware system integration solutions. Each of the Group and SMEIC will invest RMB75 million in the two joint ventures. SMEIC is a leading PRC-based electromechanical equipment manufacturing company and is listed on the Shanghai Stock Exchange. "The two joint ventures are structured to complement one another - combining sales, business development and customer application support with product design, engineering, and manufacturing expertise. Together, they will enable the end-to-end delivery of high-performance humanoid robotic core components and subsystems to customers across the PRC.", said, Austin Wang, Executive Vice President. "The formation of the joint ventures represents a significant milestone in the Group's long-term strategy to expand its presence in the robotics sector." Cautionary Statement Regarding Forward-Looking Information This news release contains forward-looking statements regarding the financial condition, results of operations, and business plans of Johnson Electric and its Group, including the formation of joint ventures and the Group's outlook for the full year. These statements are based on current expectations, unaudited internal records, and management accounts, which have not been reviewed or audited by the Company's auditors and are subject to risks and uncertainties. Forward-looking statements can be identified by words such as "outlook", "expects", "anticipates", "intends", "plans", "believes", "estimates", "projects", and similar expressions. Such statements are subject to known and unknown risks and uncertainties, and actual results may differ materially from those expressed or implied in these statements. Shareholders and potential investors are advised to exercise caution when dealing or investing in the shares of the Company. Hashtag: #JohnsonElectric The issuer is solely responsible for the content of this announcement. About Johnson Electric Group The Johnson Electric Group is a global leader in electric motors, actuators, motion subsystems and related electro-mechanical components. It serves a broad range of industries including Automotive, Smart Metering, Medical Devices, Business Equipment, Home Automation, Ventilation, White Goods, Power Tools, and Lawn & Garden Equipment. The Group is headquartered in Hong Kong and employs over 30,000 individuals across more than 20 countries worldwide. Johnson Electric Holdings Limited is listed on The Stock Exchange of Hong Kong Limited (Stock Code: 179). For further information, please visit: Johnson Electric
Malay Mail
16-07-2025
- Automotive
- Malay Mail
Johnson Electric reports Business and Unaudited Financial Information for the First Quarter of Financial Year 25/26 and Formation of Joint Ventures in the PRC for Humanoid Robotics Business
Business and Unaudited Financial Information for the First Quarter of Financial Year 25/26 Three months ended 30 June 2025 Asia-Pacific 9% Decrease Europe, the Middle East and Africa 2% Increase Americas 4% Decrease Total 4% Decrease Three months ended 30 June 2025 Asia-Pacific 7% Decrease Europe, the Middle East and Africa 14% Increase Americas 5% Decrease Total 1% Increase HONG KONG SAR - Media OutReach Newswire – 16 July 2025 - This news release is made by Johnson Electric Holdings Limited ("Johnson Electric" or the "Company" and together with its subsidiaries, the "Group") for the business operations and selected unaudited financial information of the Group for the three months ended 30 June 2025 and the formation of joint ventures in the PRC for humanoid robotics Group's sales for the three months ended 30 June 2025 were US$915 million compared to US$935 million for the same period in the previous financial year, a decrease of 2%. Exchange rate movements had a favourable impact of US$9 million on the Group's sales during the sales for the three months ended 30 June 2025 were US$765 million, a decrease of US$23 million or 3% compared to the same period in financial year 24/25. Excluding currency effects, APG's sales decreased by US$30 million or 4%.The division's sales changes by region, excluding currency effects, were as follows:In Asia-Pacific, sales decreased by 9%. Sales of products for closure, thermal management, oil pump and steering applications decreased, partially offset by increased sales of products for braking applications. The decline in sales in the region was primarily driven by significantly reduced demand for non-domestic car brands in China, a category where APG has historically maintained an above-average market share, as well as price adjustments made in response to competitive market conditions. However, accelerating growth in sales to domestic car brands in China partially offset this Europe, the Middle East and Africa ("EMEA"), sales increased by 2%. Sales of products for braking, oil pump, steering, engine and fuel management applications increased, partially offset by decreased sales of products for closure and vision the Americas, sales decreased by 4%. Sales of products for braking, oil pump and engine and fuel management applications decreased due to the phasing out of some programs and weak demand from certain customers. This decline was partially offset by increased sales of powder metal sales for the three months ended 30 June 2025 were US$150 million, an increase of US$2 million or 2% compared to the same period in the previous financial year. Excluding currency effects, IPG's sales increased by US$1 million or 1%. The overall performance reflects a mixed regional picture, shaped by varying market and customer division's sales changes by region, excluding currency effects, were as follows:In Asia-Pacific, sales decreased by 7%, primarily due to both IPG as well as some of its customers experiencing keen price competition in certain product segments, where the focus of purchasing decisions has shifted towards low cost over product application features and bespoke design. The decline was further exacerbated by certain customers postponing planned program EMEA, sales increased by 14%, due to the combination of the ramp-up of existing programs and new product launches, as well as replenishment orders from certain customers after their consumption of previous inventory the Americas, sales decreased by 5% mainly due to weak demand from certain customers and some programs reaching end of life. This was partially offset by increase in sales of piezo motors, which benefited from robust demand for medical drug-dosing systems as well as high-precision equipment utilized in semiconductor on the first quarter's sales performance, Dr. Patrick Wang, Chairman and Chief Executive, said: "Johnson Electric's sales in the first quarter of the financial year compared to the same period in the prior year reflected the more subdued macroeconomic environment, as well as the impact of declines in the market share of non-domestic automotive OEM customers in China".Concerning the outlook for the remainder of the financial year 25/26, Dr. Wang said: "Until a clearer picture of the global tariff landscape emerges, we can expect customers to remain cautious in their purchasing and investment decisions. In the short term, this is likely to be a drag on sales, though we remain encouraged by our pipeline of new product launches and new business developments that should underpin growth in the second half of the financial year".The Company today announced that the Group entered into two equity joint venture agreements with Shanghai Mechanical & Electrical Industry Co., Ltd. ("SMEIC") in relation to the formation of two equity joint first joint venture will be incorporated in Shanghai which will primarily serve as a sales channel for products manufactured by the second joint venture, as well as support business development, research and development, application engineering, and customer service for humanoid robotic solutions in the People's Republic of China (''PRC''). The second joint venture will be incorporated in Shenzhen which will serve as the engineering design, research and development, and manufacturing base for humanoid robot hardware modules and hardware system integration solutions. Each of the Group and SMEIC will invest RMB75 million in the two joint is a leading PRC-based electromechanical equipment manufacturing company and is listed on the Shanghai Stock Exchange."The two joint ventures are structured to complement one another - combining sales, business development and customer application support with product design, engineering, and manufacturing expertise. Together, they will enable the end-to-end delivery of high-performance humanoid robotic core components and subsystems to customers across the PRC.", said, Austin Wang, Executive Vice President. "The formation of the joint ventures represents a significant milestone in the Group's long-term strategy to expand its presence in the robotics sector."This news release contains forward-looking statements regarding the financial condition, results of operations, and business plans of Johnson Electric and its Group, including the formation of joint ventures and the Group's outlook for the full year. These statements are based on current expectations, unaudited internal records, and management accounts, which have not been reviewed or audited by the Company's auditors and are subject to risks and statements can be identified by words such as "outlook", "expects", "anticipates", "intends", "plans", "believes", "estimates", "projects", and similar expressions. Such statements are subject to known and unknown risks and uncertainties, and actual results may differ materially from those expressed or implied in these and potential investors are advised to exercise caution when dealing or investing in the shares of the #JohnsonElectric The issuer is solely responsible for the content of this announcement. About Johnson Electric Group The Johnson Electric Group is a global leader in electric motors, actuators, motion subsystems and related electro-mechanical components. It serves a broad range of industries including Automotive, Smart Metering, Medical Devices, Business Equipment, Home Automation, Ventilation, White Goods, Power Tools, and Lawn & Garden Equipment. The Group is headquartered in Hong Kong and employs over 30,000 individuals across more than 20 countries worldwide. Johnson Electric Holdings Limited is listed on The Stock Exchange of Hong Kong Limited (Stock Code: 179). For further information, please visit:
