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德昌电机控股(00179)前三季度营业额为27.3亿美元 同比下跌 5%

JOHNSON ELEC H (00179) had a revenue of 2.73 billion US dollars in the first three quarters, a year-on-year decrease of 5%.

Zhitong Finance ·  Jan 15 09:21

JOHNSON ELEC H (00179) announced that for the nine months ending December 31, 2024, the...

According to the Zhituo Finance APP, JOHNSON ELEC H (00179) announced that for the nine months ending December 31, 2024, the group's revenue was 2.73 billion USD, a decrease of 5% year-on-year. During the period, exchange rate fluctuations had a negative impact of 11 million USD on the group's revenue.

Among them, the revenue for the Auto products segment was 2.314 billion USD, a decrease of 0.108 billion USD compared to the same period in the 23/24 fiscal year. Excluding the forex impact, the revenue for the Auto products segment decreased by 97 million USD or 4%.

In the Asia-Pacific region, revenue decreased by 2%, while light vehicle production in this region fell by 1%. The drop in light vehicle production, along with a slightly weaker customer mix, led to a decline in sales of closure and braking system products and powder metal components. However, the sales of oil pumps and steering system products increased, significantly offsetting these declines. In Europe, the Middle East, and Africa, revenue dropped by 5%, compared to a 7% drop in light vehicle production in this region. Sales of oil pumps and vision systems, thermal management, and steering system products fell, reflecting the drop in light vehicle production. Sales of seat adjustment and transmission system products increased, offsetting some of the decline. In the Americas, revenue decreased by 5%, while light vehicle production declined by 1%. Due to weak demand from some customers and the completion of product cycles for certain items, sales of thermal management and seat adjustment application products as well as powder metal components fell. However, sales of steering systems, transmission systems, and closure system application products increased, offsetting some of the decline.

The revenue for the industrial products segment was 0.416 billion USD, a decrease of 33 million USD or 7% compared to the same period last fiscal year. The impact from forex was minimal.

Chairman and CEO Dr. Wang Suizhong commented on the group's sales performance and short-term outlook, stating: "The revenue of JOHNSON ELEC H thus far in this fiscal year has been negatively impacted by weak global light vehicle production, weak consumer demand, and price competition in several other manufacturing product sectors. The uncertainty in the macroeconomic environment is extremely high, dampening consumption sentiment and causing many customers to delay the launch of new products."

Looking ahead, the sales trend for the fourth quarter continues to be influenced by the macroeconomic challenges experienced in the first few quarters of this year. Coupled with the impact of the Chinese Lunar New Year holidays, we currently expect the group's annual sales to decline in the mid-single-digit percentage range compared to last year.

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
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