Hong Kong's Highway Holdings Q2 revenue falls on reduced motor business

Reuters12-15

Hong Kong's Highway Holdings <a href="https://laohu8.com/S/QTWO">Q2</a> revenue falls on reduced motor business

Overview

Hong Kong parts manufacturer reported Q2 fiscal 2026 revenue fell 44% yr/yr
Company posted a net loss of $373,000 for Q2 fiscal 2026
Company faces reduced OEM business but optimistic about new opportunities

Outlook

Company is negotiating acquisition to create synergies and strengthen business
Highway Holdings exploring entry into Chinese market and services for elderly
Company aims to diversify revenue streams and reduce OEM dependency

Result Drivers

OEM BUSINESS SHIFT - Loss of major OEM customer due to reorganization led to reduced motor business, impacting revenue
NEW MOTOR PRODUCT - New OEM customer approved mass production of motor product, expected to eventually compensate for lost business
RETURNING GAMING CUSTOMER - Substantial order from gaming industry customer provides positive momentum

Key Details

Metric	Beat/Miss	Actual	Consensus Estimate
Q2 Sales		$1.18 mln
Q2 Net Income		-$373,000
Q2 Gross Profit		$301,000
Q2 Operating Income		-$542,000

Press Release: ID:nPn4BDbR1a

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.(This story was created using Reuters automation and AI based on LSEG and company data. 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