Hong Kong Stocks Movement | JOHNSON ELEC H (00179) Surges Over 4% Against Market Trend, Stock Price Gains 3.2x Year-to-Date as Citi Optimistic About Sales Recovery

Stock News
Sep 23

JOHNSON ELEC H (00179) climbed over 4% against the market trend, reaching a high of HK$44.58 and setting a new yearly peak. The stock has accumulated gains of 3.2 times since the beginning of the year. As of press time, the stock was up 4.48% to HK$44.3, with trading volume reaching HK$554 million.

On the news front, Citi previously noted that JOHNSON ELEC H announced its first quarter sales performance and the establishment of two equity joint ventures with Shanghai Electric. This move will strengthen the company's component engineering capabilities in new business segments. The firm stated that while JOHNSON ELEC H's first quarter sales declined by 2%, robust order backlog is expected to drive sales recovery in the second and third quarters. Additionally, the company's strong momentum in the humanoid robot market is anticipated to generate larger-scale business opportunities.

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, featuring high efficiency, low noise, and modular design specifically tailored for modern data centers and AI server architectures.

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