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Johnson Electric reports Business and Unaudited Financial Information for the Third Quarter of Financial Year 24/25
The Group’s sales for the nine months ended 31 December 2024 were US$2,730 million compared to US$2,871 million for the same period in the previous financial year, a decrease of 5%. Exchange rate movements had an unfavourable impact of US$11 million on the Group’s sales during the period.
Sales of Automotive Products Group (“APG”)
APG’s sales for the nine months ended 31 December 2024 were US$2,314 million, a decrease of US$108 million compared to the same period in financial year 23/24. Excluding currency effects, APG’s sales decreased by US$97 million or 4%.
The division’s sales changes by region, excluding currency effects, were as follows:
| Nine months ended 31 December 2024 |
||
| Asia-Pacific | 2% | Decrease |
| Europe, Middle East and Africa | 5% | Decrease |
| Americas | 5% | Decrease |
| Total | 4% | Decrease |
In Asia-Pacific, sales decreased by 2% while light vehicle production in the region declined by 1%. The drop in light vehicle production, coupled with a less favourable customer mix, led to lower sales of products for closure and braking, and powder metal components. However, this was largely offset by increased sales of oil pumps and products for steering. In Europe, the Middle East and Africa (“EMEA”), sales decreased by 5% compared to a 7% decline in light vehicle production in the region. Sales of oil pumps and products for vision, thermal management and steering decreased, reflecting the drop in light vehicle production. This decline was partially offset by increased sales of products for seats and transmissions. In the Americas, sales decreased by 5% while light vehicle production declined by 1%. Sales of products for thermal management and seat applications as well as powder metal components decreased due to weak demand from certain customers, and some programs reaching end of life. This decline was partially offset by increased sales of products for steering, transmission and closure applications.
Sales of Industry Products Group (“IPG”)
IPG’s sales for the nine months ended 31 December 2024 were US$416 million, a decrease of US$33 million or 7% compared to the same period in the previous financial year. Currency effects were negligible.
IPG’s end markets remained weak as the business continued to face headwinds driven by consumer caution in discretionary spending and a growing preference for affordable options from value-oriented brands. This shift has increased price competition in certain IPG product segments, where commoditization has led to cost taking precedence over functionality and reliability in purchasing decisions.
The sales changes for IPG by region, excluding currency effects, were as follows:
| Nine months ended 31 December 2024 |
||
| Asia-Pacific | 9% | Increase |
| Europe, Middle East and Africa | 12% | Decrease |
| Americas | 15% | Decrease |
| Total | 7% | Decrease |
In the Asia-Pacific region, sales increased mainly because key customers placed replenishment orders after the depletion of prior inventory surpluses, as well as due to some new business wins. However, this growth was more than offset by a decline in sales in the EMEA and Americas regions, attributed to the previously noted soft end market demand.
Chairman’s Comments on Sales Performance and Outlook
Commenting on the Group’s sales performance and near-term outlook, Dr. Patrick Shui-Chung Wang, Chairman and Chief Executive, said: “Johnson Electric’s sales for the financial year to date have been negatively impacted by lacklustre global light vehicle production volumes and soft consumer demand and price competition in several other manufactured product segments. There is an exceptionally high level of uncertainty concerning the macroeconomic environment that is weighing on consumer sentiment and has led to several customers deferring plans for new product launches.
“Looking ahead, the fourth-quarter sales trajectory remains influenced by the macroeconomic challenges experienced in the previous quarters of the year, compounded by the effects of the Chinese Lunar New Year holidays. Consequently, we presently anticipate Group sales for the full year to be a mid-single-digit percentage lower than the level achieved in the prior year.”
Dr. Wang added: “In view of the uncertainty concerning the prospects for global trade and investment in the year ahead, management is focused on tight cost control and maintaining the Group’s conservative balance sheet profile.”
Cautionary Statement
Shareholders and potential investors in the Company are reminded that the information provided in this news release, including information related to the expected outlook for the full year, is based on the Group’s unaudited internal records and management accounts. This information has not been reviewed or audited by the Company’s auditors.
Shareholders and potential investors should exercise caution when dealing or investing in the shares of the Company.
Hashtag: #JohnsonElectric
The issuer is solely responsible for the content of this announcement.
About Johnson Electric Group
The Johnson Electric Group is a global leader in electric motors, actuators, motion subsystems and related electro-mechanical components. It serves a broad range of industries including Automotive, Smart Metering, Medical Devices, Business Equipment, Home Automation, Ventilation, White Goods, Power Tools, and Lawn & Garden Equipment. The Group is headquartered in Hong Kong and employs over 30,000 individuals in 22 countries worldwide. Johnson Electric Holdings Limited is listed on The Stock Exchange of Hong Kong Limited (Stock Code: 179). For further information, please visit: www.johnsonelectric.com.
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From Engineering Feats to Ecological Regeneration, Vinhomes Green Paradise Debuts the ESG++ Framework for Future Cities
Today, that narrative is shifting. When Vinhomes Green Paradise confidently steps onto the global stage, alongside projects from the world’s most advanced economies, it represents far more than the launch of a new development. It marks a moment when Vietnamese urban thinking moves beyond its domestic context, ready to be assessed, debated, and recognized at a regional and international level.
This is not merely a project announcement. It is a signal of transformation.
When Vietnamese Cities Enter the Global Conversation
Vietnam has, in recent years, earned international recognition through prestigious awards in planning, architecture, and real estate, including the Asia Pacific Property Awards and the International Property Awards. These accolades reflect the growing professionalism and creative capacity of Vietnamese developers, architects, and planners.
Yet Vinhomes Green Paradise occupies a different dimension of aspiration. Its significance does not lie in a single master plan or architectural statement, but in a comprehensive urban philosophy, one where sustainability, advanced technology, and environmental responsibility are no longer supporting ideas, but core drivers placed on equal footing with economic growth.
In this sense, the project signals that Vietnamese expertise has matured. It suggests a readiness not just to learn from the world, but to engage in meaningful dialogue with it, and to contribute original thinking to the global discourse on future cities.
The choice of location is no coincidence. Can Gio is one of Vietnam’s most ecologically sensitive regions, home to more than 75,000 hectares of mangrove forests recognized by UNESCO as a World Biosphere Reserve.
Developing nearly 3,000 hectares in such an environment presents an unprecedented challenge. In a place where ecosystems are delicate and interconnected, any miscalculation could leave irreversible consequences.
Vinhomes Green Paradise emerges precisely within this context. It serves as a comprehensive test of urban knowledge, technological capability, governance capacity, and, above all, environmental accountability. Its implementation demonstrates that Vietnamese enterprises are prepared to meet the most demanding international standards in ecological urban development.
From Urban Project to Urban–Nature Ecosystem
What truly distinguishes Vinhomes Green Paradise is not its scale, but its development philosophy. The project is not positioned as a conventional modern township. Instead, it is conceived as an integrated urban–nature ecosystem, where human life and the natural environment coexist in a state of long-term balance.
Green infrastructure, smart-city technologies, renewable energy systems, digital governance, and ecological restoration are woven into a single, unified framework. Globally, only a handful of pioneering cities, such as Masdar in the United Arab Emirates or Songdo in South Korea, have pursued such an integrated approach at scale.
The emergence of Vinhomes Green Paradise signals that Vietnam is no longer standing at the periphery of this movement. It is entering the arena with the confidence to participate, and potentially to lead, in the global race toward sustainable urban futures.
ESG++: Beyond Sustainability Toward Regeneration
While ESG (Environmental, Social, Governance) principles have become a global standard, Vinhomes Green Paradise advances the concept further through an ESG++ framework, adding two critical dimensions: Regeneration and Resilience.
Rather than expanding by consuming natural resources, the project prioritizes ecological restoration, aiming not merely to minimize harm, but to actively return value to the environment. The vision is of a city that can generate its own energy, treat and reuse its wastewater, and maintain ecological equilibrium over time.
Urban experts increasingly agree that such models are essential in an era of climate change, particularly for coastal cities facing rising sea levels and extreme weather. In this context, Vinhomes Green Paradise contributes to defining a new benchmark for sustainable coastal urbanism, not only in Vietnam, but globally.
Building a megacity in an environmentally sensitive coastal zone demands deep interdisciplinary expertise, spanning geology, hydrology, ecology, materials science, and energy systems. The financial and technological investments required are immense, and few developers are willing, or able, to assume such complexity and risk.
It is within this demanding framework that the involvement of AOMI Construction Co., Ltd., becomes particularly significant. AOMI is the owner of the K-DPM soil solidification technology, one of the world’s most advanced solutions for soft-ground and land reclamation projects.
Drawing from Japan’s extensive experience as an island nation with limited land resources, Mr. Okori Katsumi, a Japanese expert, representative of AOMI Construction Co., Ltd., explains: “Japan has long faced constraints in land availability. For decades, we have turned to the sea, creating airports, urban spaces, and new living environments through carefully engineered land reclamation.”
Traditional methods, such as mixing cement directly with soil, revealed critical limitations in scale and transportability. K-DPM technology was developed to overcome these barriers by using high-pressure air to move and solidify large volumes of dredged material, reducing construction time while minimizing environmental impact through reduced reliance on sand extraction.
From Engineering Feats to a 21st-Century Symbol
Japan’s experience in land reclamation has consistently emphasized environmental protection, using containment barriers to limit water turbidity, and applying strict standards for pH levels and material compatibility with surrounding ecosystems. These principles are now being adapted and elevated in Can Gio.
For Vingroup, Vinhomes Green Paradise is not its first venture into coastal engineering. In 2017, the VinFast manufacturing complex in Hai Phong, over 60% of which involved land reclamation, was completed in a record 21 months, setting new benchmarks for speed and technical execution.
In Can Gio, the challenge has been taken further. The project benefits from consultancy by Dutch experts, representing a nation globally renowned for water management and land reclamation expertise. The objective extends beyond structural durability to the comprehensive preservation of indigenous ecosystems over the long term.
If land reclamation once astonished the world through icons like Palm Jumeirah in Dubai, Vinhomes Green Paradise seeks to redefine that legacy through a fundamentally different philosophy: Respect for nature and ecological regeneration.
This ESG++ megacity is more than proof of advanced engineering capability. It stands as a symbol of Vietnam’s national vision, one that looks toward the ocean not as a frontier to conquer, but as a partner in shaping resilient, future-ready cities.
Ultimately, Vinhomes Green Paradise is not simply a real estate development. It is a declaration of aspiration and confidence, a statement that Vietnamese urbanism has entered a new era, where healing people and healing nature are no longer separate goals, but a shared mission for sustainable progress in the 21st century.
Hashtag: #Vinhomes
The issuer is solely responsible for the content of this announcement.
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HDBank completes issuance of US$100 million green bonds to international investors
The announcement was made at “The USD100 Million Green Bond Issuance Disclosure Ceremony” recently held between HDBank and its green bond investors including FMO, BII and the International Finance Corporation (IFC) – a member of the World Bank Group in the presence of the Deputy Consul General of the Netherlands and representatives from the British Consulate General in Ho Chi Minh City.
The bonds included $30 million privately issued to FMO and $20 million to BII. The first tranche was issued to IFC, which facilitated the participation of FMO and BII in the second tranche.
The bonds have a three-year term, are non-convertible and unsecured and issued without warrants.
Nguyen Huu Dang, HDBank’s CEO, said: “Sustainable development goals lie at the heart of HDBank’s strategy, which is centred on delivering the best value for customers, partners and the community. This international green bond initiative marks an important stepping stone on our journey towards achieving those goals.”
The issuance help diversify HDBank’s funding sources, support its sustainable growth strategy and create a foundation for it to continue attracting additional international capital for green finance, sustainable development and inclusive finance initiatives in Vietnam.
This, in turn, helps customers access capital to deploy solar energy projects, electric vehicles, green buildings, and other energy-saving solutions.
Projects financed by the green bond proceeds must undergo rigorous screening, meet environmental and social risk management requirements, and comply with eligibility criteria under the Bank’s Sustainable Finance Framework. These projects are expected to reduce approximately 102,000 tons of CO₂ over 10 years, improve environmental quality and contribute to Vietnam’s Net Zero 2050 commitment.
Weichuan Xu, IFC’s lead for the Financial Institutions Group in Vietnam, Cambodia and Lao PDR, said the issuance marked a significant step in expanding HDBank’s climate finance portfolio and advancing Vietnam’s economic and social progress.
“The funds raised will support projects that foster sustainable industries, generate jobs and strengthen communities,” he added.
Representatives from FMO and BII also highlighted the transaction as a strong signal of the growing readiness and potential of Vietnam’s sustainable finance ecosystem, helping attract more capital for climate-responsible projects.
With this milestone, HDBank reinforces its commitment to sustainable finance and the long-term prosperity of its customers, partners and the community, while expanding its presence on the global financial map.
Hashtag: #HDBank
The issuer is solely responsible for the content of this announcement.
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Hang Lung Enters the Next Phase in Its Sustainability Journey with Ambitious New Targets
New targets outlined for 2030 following the successful conclusion of the 25×25 sustainability targets
HONG KONG SAR and SHANGHAI, CHINA – Media OutReach Newswire – 12 January 2026 – Hang Lung Properties Limited (SEHK stock code: 00101) (“Hang Lung” or the “Company”) today announces a new phase in its sustainability journey, unveiling 20 refreshed 2030 targets that build on its success in achieving its 25 x 25 Sustainability Targets.
Launched in 2021, the 25 x 25 targets defined Hang Lung’s agenda to the end of 2025 across four priorities: Climate Resilience, Resource Management, Wellbeing, and Sustainable Transactions. The Company has achieved its earlier ambitions, and exceeded targets related to greenhouse gas emissions reduction, renewable energy, and energy efficiency. Establishing such a concrete and robust set of targets also helped the Company develop practices in sustainability innovation and continual improvement.
Building on this success, now with expanded data, greater organizational maturity, and heightened ambition, Hang Lung’s refreshed 2030 targets reflect its position as an industry leader in sustainability.
The 20 targets for 2030 continue to be organized under the four priorities that define Hang Lung’s approach to sustainability, including the below highlights:
- Climate Resilience: Among the first real estate companies in Asia to have near- and long-term targets fully aligned with the Science Based Target initiative’s Buildings Criteria and its emission reduction pathway (1.5°C). Also, Hang Lung is the first real estate company in Asia to establish a Climate Value-at-Risk target.
- Resource Management: The first real estate company in Asia to formulate a target for biodiversity net gain (10%) on all new development projects and major renovations, supporting urban ecosystems and enhancing green spaces.
- Wellbeing: Generate at least HK$40 million in social value through community investments.
- Sustainable Transactions: Collaborate with tenants representing 25% of our leased floor area through our sustainability partnerships program.
Collaboration across the value chain remains central to Hang Lung’s approach, extending beyond traditional metrics. Hang Lung aims to partner with suppliers and tenants through quantifiable targets to drive progress upstream and downstream. In addition, the Company is committed to supporting innovation in standards development to facilitate impactful sustainability initiatives across sectors and jurisdictions.
Mr. Adriel Chan, Chair of Hang Lung Properties and Chair of the Sustainability Steering Committee, commented: “We are excited to embark on this next phase of our sustainability journey, reflecting Hang Lung’s growing role not just as a leader in sustainability action, but also in sustainability thought leadership. By working closely with partners across our value chain, we are confident that we can deliver on these commitments and continue to foster excellence in sustainable development in Asia.”
Mr. John Haffner, Deputy Director – Sustainability, added: “Over the past several years, we have seen how ambitious targets focus our efforts and help develop a culture of innovation. Building on our achievements and lessons learned, our 2030 targets are sharper and more data-driven, and will help us achieve greater impact in our communities.”
Full details of the 25 x 25 wrap-up and the new 2030 targets will be shared in Hang Lung’s 2025 Sustainability Report to be released in March. The report will provide further insights into the Company’s achievements, lessons learned, and emerging plans to support the refreshed 2030 targets, inviting partners and the wider public to join forces in shaping a sustainable future.
Appendix
Overview of 2030 Sustainability Goals and Targets
| Priority | 2030 Goals | 2030 Targets |
| Climate Resilience
|
Reduce carbon footprint in line with science and adapt to a changing climate
|
1. In-use operational emissions: 56.1% per m2 reduction in scope 1, 2 and 3 in-use operational GHG emissions of owned and leased buildings from a 2023 base year. |
| 2. Upfront embodied emissions: 42% reduction in upfront embodied emissions from a 2023 base year. | ||
| 3. Renewable electricity: 70% of our landlord’s electricity consumption across the portfolio provided by renewable electricity. | ||
| 4. Adaptation: 10% reduction in our Climate Value-at-Risk compared to the absence of implemented adaptation measures. | ||
| Resource Management
|
Drive efficient and circular use of natural resources and help regenerate nature | 5. Energy Use Intensity: 10% reduction in the landlord’s energy use intensity from a 2023 base year. |
| 6. Operational Waste: 35% recycling of municipal solid waste generated from operating properties. | ||
| 7. Construction Waste: 90% recycling of construction waste generated from construction sites. | ||
| 8. Water: 8% reduction in freshwater intensity from a 2023 base year. | ||
| 9. Biodiversity: 10% biodiversity net gain on all new development projects and major renovations with landscape renovation. | ||
| Wellbeing | Foster safe, inclusive and healthy spaces that enhance quality of life for all stakeholders | 10. Health and safety: Maintain zero work-related fatalities, serious injuries, and occupational diseases for employees and contractors. Maintain a Lost Time Injury Rate of 1.5 or below for employees and contractors. |
| 11. Indoor air quality: Maintain, more than 90% of the time, PM2.5, TVOC and CO2 levels below levels defined in the RESET Air standard. | ||
| 12. Employee engagement: Maintain an employee engagement survey rating greater than or equal to the 75th percentile. | ||
| 13. Diversity: At least 5% of our workforce across the portfolio is comprised of people from diverse backgrounds.* | ||
| 14. Diversity: Maintain Female-to-Male pay ratio of 1:1; maintain gender balance in management positions. | ||
| 15. Social impact: Create at least HK$40 million in social value through our community investments. | ||
| Sustainable Transactions
|
Collaborate with key stakeholders across our value chain to advance our sustainability priorities | 16. Tenant electricity intensity: Benchmarking provided to 100% of tenants across the Chinese Mainland portfolio and work with tenants towards a 10% reduction in their electricity intensity from a 2023 base year. |
| 17. Tenants: Tenants representing 25% of our leased floor area in applicable Chinese Mainland and Hong Kong properties participate in our tenant sustainability partnerships program. | ||
| 18. Suppliers: Regularly conduct ESG risk screening for 100% of active suppliers and provide ESG assessments for suppliers covering 50% of spending. | ||
| 19. Procurement: 15% of spending on operational procurement qualifies as sustainable procurement. | ||
| 20. Standards development: Undertake at least three innovative initiatives in standards development to help accelerate learning and sustainability impact. |
* Our definition of diverse background includes people with disabilities and ethnic minorities.
Hashtag: #HangLungProperties
The issuer is solely responsible for the content of this announcement.
About Hang Lung Properties
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