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| HSI1 | 25,517.33 | -492.13 | 291.15B |
| HSCEI1 | 8,471.36 | -162.98 | 116.43B |
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2026-08-24 15:54:59 Nomura published a research report stating that JLMAG (06680.HK)'s interim revenue rose 33% YoY, while 2Q revenue increased 49% YoY, mainly driven by higher shipment volume and average selling prices. Interim net profit grew 52% YoY to RMB462 million, exceeding the upper end of the company's previous profit forecast range of RMB400 million to RMB460 million. The group disclosed that it has been selected by a major customer as the supplier for a humanoid robot motor rotor project and is preparing for mass production according to the customer's project schedule. The broker expects JLMAG (06680.HK) to ship products from its domestic factories in the short term and may conduct localized production at its Mexico plant in the future if requested by the customer. It also expects the humanoid robot business to become a major growth driver from 2028 to 2030. Nomura lowered its 2026 to 2028 earnings forecasts by 1.5% to 3.1% to reflect potentially weaker-than-expected demand for the group's energy-saving variable-frequency air-conditioning business and a higher effective tax rate. The broker cut the TP from HKD27 to HKD26 and maintained the rating at Buy. (gc/da)~ 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. | |