Core Viewpoint - 德昌电机控股 reported a slight decline in revenue for the nine months ending December 31, 2025, with total revenue at $2.726 billion, down approximately $4 million compared to the same period last fiscal year, although currency fluctuations contributed an increase of $40 million [1] Revenue Breakdown - The automotive product segment generated revenue of $2.301 billion, a decrease of $14 million or 1% compared to the same period in the previous fiscal year. Excluding foreign exchange effects, the automotive segment's revenue fell by $49 million or 2% [1] - The industrial products segment reported revenue of $425 million, an increase of $10 million or 2% year-on-year. When excluding foreign exchange impacts, the industrial segment's revenue rose by $5 million or 1% [1] - Overall performance reflects significant regional disparities influenced by market and customer dynamics [1]

Core Viewpoint - The company reported a slight decline in revenue for the nine months ending December 31, 2025, with total revenue at $2.726 billion, down approximately $4 million compared to the same period last fiscal year, although currency fluctuations contributed an increase of $40 million [1] Group 1: Automotive Products - Revenue from the automotive products segment was $2.301 billion, a decrease of $14 million or 1% compared to the same period last fiscal year. Excluding foreign exchange effects, revenue declined by $49 million or 2% [1] - In the Asia-Pacific region, revenue fell by 6%, primarily due to price adjustments to maintain competitiveness and weak demand for non-local automotive brands in China, which has historically been a strong market for this segment. This decline was partially offset by growth in local automotive brand sales [1] - Sales of cooling management, steering and closure systems, and oil pumps decreased, while sales of brake systems, visual systems, and transmission systems partially offset the overall decline [1] Group 2: Industrial Products - Revenue from the industrial products segment was $425 million, an increase of $10 million or 2% compared to the same period last fiscal year. Excluding foreign exchange effects, revenue rose by $5 million or 1% [2] - In the Asia-Pacific region, revenue decreased by 1%, mainly due to intense price competition faced by the industrial products segment and some customers, leading to declines in sales of food and beverage, floor care, and printer application products. This decline was significantly offset by growth in sales of gardening and forestry equipment, medical, and data center cooling application products [2] - In the Europe, Middle East, and Africa region, revenue increased by 6%, driven by replenishment orders from customers after consuming previously excess inventory and the launch of new products, leading to growth in sales of gardening and forestry equipment, heating application products, and flexible printed circuits [2] Group 3: Overall Performance and Outlook - In the Americas, revenue decreased by 2%, primarily due to reduced demand from several customers and some projects reaching the end of their lifecycle, leading to declines in sales of ventilation and surgical application products. However, this was partially offset by growth in sales of piezoelectric motors and ultrasonic motor subsystems, benefiting from strong demand in semiconductor manufacturing and medical drug delivery systems [3] - The Chairman and CEO commented on the company's sales performance and short-term outlook, indicating that revenue has remained stable so far this fiscal year, reflecting a weak overall macroeconomic environment and high uncertainty related to geopolitical issues and U.S. trade policies. The company expects full-year revenue to be roughly similar to last year based on current trading conditions and customer orders [3]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容而產生或因倚 賴該等內容而引致的任何損失承擔任何責任。 Johnson Electric Holdings Limited 德昌電機控股有限公司 * (在百慕達註冊成立之有限公司) (股份代號: 179) 25/26 財政年度第三季度 業務及未經審核財務資料 德昌電機控股有限公司（「德昌電機」或「本公司」，連同其附屬公司統稱「本集 團」）發出此公告，內容有關本集團截至 2025 年 12 月 31 日止九個月之業務營運及選 定之未經審核財務資料。 本公司董事會認為刊發最新季度銷售表現與國際企業披露的最佳常規一致。此公告旨 在提升透明度，並確保投資者及潛在投資者在同一時間平等地取得相同的信息。 截至 2025 年 12 月 31 日止九個月，本集團營業額為 2,726 百萬美元，對比上一財政年度 同期之 2,730 百萬美元，下跌約 4 百萬美元。期內，受惠於匯率變動，本集團營業額增 加 40 百萬美元。 汽車產品組別之銷售 截至 2025 年 12 月 31 ...

Group 1 - The core viewpoint of the article highlights the rise in stock prices of several intelligent driving concept stocks, indicating positive market sentiment towards this sector [1] Group 2 - Minth Group (00425.HK) saw a significant increase of 12.95%, reaching HKD 38.56 [1] - Botai Car Networking (02889.HK) experienced a rise of 7.26%, with its stock priced at HKD 245.4 [1] - Nexperia (01316.HK) increased by 4.39%, trading at HKD 7.37 [1] - Delta Electronics (00179.HK) rose by 3.88%, with shares priced at HKD 30.54 [1]

Group 1 - Several intelligent driving concept stocks have seen significant gains, indicating positive market sentiment in this sector [1] - Minth Group (00425.HK) experienced a notable increase of 12.95%, reaching a price of 38.56 HKD [1] - Botai Car Networking (02889.HK) rose by 7.26%, with its stock priced at 245.4 HKD [1] Group 2 - Nexperia (01316.HK) saw an increase of 4.39%, trading at 7.37 HKD [1] - Delta Electronics (00179.HK) gained 3.88%, with shares priced at 30.54 HKD [1]

Group 1 - Several intelligent driving concept stocks have risen, with Minth Group (00425) up 12.95% to HKD 38.56, Baidu Carlink (02889) up 7.26% to HKD 245.4, Nexperia (01316) up 4.39% to HKD 7.37, and Delta Electronics (00179) up 3.88% to HKD 30.54 [1] - On January 7, three departments jointly issued the "Shanghai High-Level Autonomous Driving Leading Area 'Mosu Zhixing' Action Plan," aiming to accelerate the transformation of intelligent connected technology innovation into industrial competitiveness, which is expected to promote the commercialization of high-level autonomous driving in Shanghai from demonstration to scale [1] - The Guangdong Provincial Government has issued several policy measures to empower high-quality development of transportation through artificial intelligence [1] Group 2 - Ping An Securities believes that the application of autonomous driving technology is moving towards mass production, although the current operating conditions for approved L3 models still have many restrictions [1] - The approval of L3 model access indicates progress in technology and policy for intelligent driving, laying the foundation for the subsequent commercialization process of intelligent driving [1] - The commercial closed loop of intelligent driving is expected to accelerate further by 2026 [1]

Core Viewpoint - The robotics concept stocks experienced a significant increase in midday trading, indicating a positive market sentiment towards the sector [1][4]. Group 1: Stock Performance - MicroPort Robotics (02252) rose by 11.91%, trading at HKD 29.50 [1][4]. - Wobot Robotics (06600) increased by 10.08%, reaching HKD 125.60 [1][4]. - Geek+ (02590) saw a rise of 5.48%, priced at HKD 30.80 [1][4]. - UBTECH (09880) gained 2.15%, with a trading price of HKD 142.40 [1][4]. - Maxonic (00179) experienced a 2.36% increase, trading at HKD 28.68 [1][4].

Group 1 - The core viewpoint of the news is that the robotics sector is experiencing a significant surge, driven by government support and technological advancements in humanoid robots [1][2] - As of the report, several robotics stocks have seen substantial gains, with MicroPort Robotics rising by 12.22% to HKD 29.58, and Wan'an Robotics increasing by 10.17% to HKD 125.7 [1] - The Ministry of Industry and Information Technology (MIIT) plans to promote innovation and upgrade in humanoid robot technology, focusing on product quality, network security, and ethical research [1] Group 2 - The latest data from the National Bureau of Statistics indicates that by 2025, China's robotics industry is expected to experience a comprehensive explosion, with significant growth in core components and complete machines [2] - Key statistics show that the production of robot reducers has increased by 63.9% year-on-year, industrial robots by 28.0%, and service robots by 16.1%, reflecting a high-speed development phase in the robotics industry [2] - The growth is attributed to new growth points such as embodied intelligence and human-machine collaboration, indicating a simultaneous advancement in technological innovation and application [2]

Group 1 - The core viewpoint of the news is the significant rise in robot concept stocks, driven by government support and industry growth [1][2] - Notable stock performances include MicroPort Robotics rising by 12.22% to HKD 29.58, and Wan'an Robotics increasing by 10.17% to HKD 125.7 [1] - The Ministry of Industry and Information Technology (MIIT) plans to promote humanoid robot technology innovation and enhance product quality and safety standards [1] Group 2 - According to the National Bureau of Statistics, the robot industry in China is expected to experience a comprehensive explosion by 2025, with significant growth in core components and complete machines [2] - Key statistics include a 63.9% year-on-year increase in robot reducer production, a 28.0% increase in industrial robots, and a 16.1% increase in service robots [2] - These figures indicate that the Chinese robot industry is entering a phase of rapid development, with technological innovation and application implementation progressing simultaneously [2]

Core Insights - The article highlights the net inflow and outflow of funds in the Hong Kong stock market, with Xiaomi Group, Tencent Holdings, and China Construction Bank leading in net inflows, while the Yingfu Fund, Hang Seng China Enterprises, and Southern Hang Seng Technology experienced the highest net outflows [1] Group 1: Net Inflows - Xiaomi Group-W (01810) recorded a net inflow of 1.07 billion, representing a 16.36% increase in its closing price [2] - Tencent Holdings (00700) saw a net inflow of 863 million, with a 7.49% increase in its closing price [2] - China Construction Bank (00939) had a net inflow of 699 million, with a significant 41.06% increase in its closing price [2] Group 2: Net Outflows - Yingfu Fund (02800) experienced the largest net outflow of 6.289 billion, reflecting a -31.44% change in its closing price [2] - Hang Seng China Enterprises (02828) had a net outflow of 2.880 billion, with a -17.89% change in its closing price [2] - Southern Hang Seng Technology (03033) faced a net outflow of 1.289 billion, showing a -11.37% change in its closing price [2] Group 3: Net Inflow Ratios - 361 Degrees (01361) led with a net inflow ratio of 74.40%, with a net inflow of 8.9117 million [3] - BRILLIANCE CHI (01114) followed with a net inflow ratio of 64.04%, amounting to a net inflow of 36.4910 million [3] - Qin Port Co. (03369) had a net inflow ratio of 61.05%, with a net inflow of 846,600 [3] Group 4: Net Outflow Ratios - Wisdom Hong Kong 100 (02825) had a net outflow ratio of -100.00%, with a net outflow of -18,200 [3] - Stone Pharmaceutical Group (02005) recorded a net outflow ratio of -68.86%, with a net outflow of -14.1501 million [3] - Dexion Shipping (02510) experienced a net outflow ratio of -53.53%, with a net outflow of -10.0204 million [3]