Johnson Electric Holdings Limited provided earnings and impairment guidance for the twelve months ended 31 March 2020. The Company intends to record an impairment charge, which is estimated to be approximately USD 760 million against goodwill and USD 40 million against other intangible assets.

However, this non-cash charge will significantly impact reported earnings in the period, and as a result, the Group expects to report a loss for the financial year ended 31 March 2020.