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2026-10-09 18:26:01 JOHNSON ELEC H (00179.HK) issued a profit warning, expecting profit for the six months ended 30 September 2026 to range between USD50 million and USD58 million, representing a decrease of approximately USD75 million to USD83 million, or 56% to 62%, from USD133 million in the corresponding period last year. Total turnover is expected to remain broadly flat YoY. The expected decline in earnings was mainly attributable to foreign exchange-related impacts. The Group's sales and costs are denominated in multiple currencies, exposing it to foreign exchange risks. Compared with the corresponding period last year, a substantial portion of the decrease in net profit was due to foreign exchange-related impacts. The corresponding period last year recorded considerable foreign exchange gains, while no equivalent gains were recorded for the six months ended 30 September 2026. The overall foreign exchange-related impact across the two periods is estimated to have reduced net profit by approximately USD49 million to USD55 million YoY. In addition, a combination of operational and market-related factors also led to the decline in earnings, including pricing measures adopted in response to the competitive market environment, provisions made for customer chargebacks and claims that are still under negotiation, rising raw material and other input costs, as well as inflationary pressure on labor and other operating costs. Favorable changes in other income, provisions and taxation partially offset the above impacts. (ad/)~ AASTOCKS Financial News Website: www.aastocks.com This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. | |