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1 • Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement , make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement . J JOHNSON ELECTRIC Johnson Electric Holdings Limited ( Incorporated in Bermuda with limited liability ) ( Stock Code : 179 ) INTERIM RESULTS ANNOUNCEMENT FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2021 Highlights Group sales US $ 1,674 million - up 26 % compared to first half of the prior year . Excluding the effects of foreign currency movements and an acquisition , sales increased by 21 % Gross profit US $ 357 million or 21.3 % of sales ( compared to US $ 300 million or 22.5 % of sales in first half of the prior year ) Adjusted EBITA US $ 138 million ( compared to US $ 135 million in first half of the prior year ) Net profit attributable to shareholders decreased by 8 % to US $ 93 million or 10.36 US cents per share on a fully diluted basis Underlying net profit , excluding the net impact of restructuring costs and non - cash items , decreased by 2 % to US $ 96 million Decline in profit margins as a result of various factors , including global supply chain disruptions , commodity price increases and reduced COVID - 19 related subsidies Free cash outflow from operations US $ 56 million ( compared to a free cash inflow of US $ 68 million in first half of the prior year ) Acquisition of E. Zimmermann GmbH , a specialist automotive machining business based in Germany Total debt to capital ratio of 18 % and cash reserves of US $ 487 million as of 30 September 2021 Interim dividend 17 HK cents per share ( 2.18 US cents per share ) with a scrip dividend alternative