JOHNSON ELEC H (00179) rebounded over 5% after falling more than 6% in early trading. As of press time, the stock gained 4.96% to HK$41.44 with trading volume reaching HK$723 million.

On the news front, in July this year, JOHNSON ELEC H announced that its wholly-owned subsidiary Johnson Electric Automotive and Shanghai Electric established two equity joint ventures to engage in the design and manufacturing of humanoid robot components in China.

According to the company's official website, its AI server thermal management business includes thermal management system components such as cooling pumps. In May 2025, the company launched its new DCP series liquid cooling pumps, which feature high efficiency, low noise, and modular design, specifically tailored for modern data centers and AI server architectures.

Cathay Securities previously noted that JOHNSON ELEC H's automotive motors and pump business have strong commonalities with robotics and AI server-related demand. The company can leverage its global leading scale to maintain manufacturing cost and know-how advantages. After entering these relevant fields, the corresponding revenue is expected to achieve rapid growth.

Citigroup believes that although JOHNSON ELEC H's first quarter sales declined by 2%, sales are expected to resume growth in the second and third quarters due to a solid order backlog.