omniture

Tonly Electronics' Audio-visual Product Sales Revenue for the First Four Months of 2015 Amounted to HK$1,481.3 Million

Tonly Electronics Holdings Limited
2015-05-11 21:34 2877

HONG KONG, May 11, 2015 /PRNewswire/ -- Tonly Electronics Holdings Limited ("Tonly Electronics" or "the Group"; SEHK stock code: 01249) announces its unaudited monthly sales performance in April and for the first four months of 2015. The below products do not cover all the business of the Group and the below figures do not fully reflect the business performance of the Group in the mentioned period.

In April 2015, the Group recorded monthly revenue of HK$410.3 million from AV products, up 3.8% year-on-year. For the first four months of 2015, the Group recorded revenue of HK$1,481.3 million from audio-visual ("AV") products, up 7.8% year-on-year.

The unaudited monthly sales revenue for video disc players decreased by 18.5% to HK$140.4 million in April 2015 and that for the first four months of 2015 decreased by 13.5% year-on-year to HK$537.7 million.

The unaudited monthly sales revenue for audio products grew by 51.7% year-on-year to HK$228.6 million in April 2015 and that for the first four months of 2015 increased by 37.0% year-on-year to HK$656.5 million.

The unaudited monthly sales revenue for media boxes business decreased by 43.0% year-on-year to HK$41.3 million in April 2015 and that for the first four months of 2015 increased by 5.0% year-on-year to HK$287.1 million. The fluctuation in media boxes business in April was mainly attributed to the transition between new and traditional products mix, as it will take a certain period of time for the volume of new products to increase.

The Group will continue to invest in R&D for new types of audio products and strengthen its innovation capability in electroacoustics. For the media box business, the Group continue to strengthen its cooperation with both domestic and overseas internet and telecommunication companies. Meanwhile, the Group will attempt to enter into other new business, expand its existing business and enlarge its income source through both organic expansion and acquisitions. On the other hand, the Group will join hands with Qianhai Haofang to establish a venture capital fund for investments in new, Internet and hardware related businesses by using capital as the bonding agent. This will enable the Group to enter into new business area, accelerate business transformation and build up a new ecosystem and increase its competitiveness and profitability.

Unaudited Sales Revenue (HK$'000)

Apr-15

Apr-14

YoY Change

Jan-Apr 15

Jan-Apr 14

YoY Change

(%)

(%)

Video disc players

140,380

172,291

-18.5%

537,721

621,883

-13.5%








Audio Products







-- Traditional audio products

90,632

72,566

+24.9%

308,017

243,985

+26.2%

-- New audio products

137,996

78,132

+76.6%

348,447

235,083

+48.2%

Subtotal

228,628

150,698

+51.7%

656,464

479,068

+37.0%








Media boxes *

41,262

72,435

-43.0%

287,134

273,558

+5.0%








Total

410,270

395,424

+3.8%

1,481,319

1,374,509

+7.8%

* Media boxes include OTT, which was categorized as video products in the previous press releases or result announcements.

Note: The above products do not cover all the business of the Group and the above figures do not fully reflect the business performance of the Group in the abovementioned period.

About Tonly Electronics

Tonly Electronics Holdings Limited (stock code: 01249) is a leading vertically-integrated manufacturing services provider in the audio-visual ("AV") products. It is also is the largest video products manufacturer and the fourth largest HTS manufacturer in the world, and is principally engaged in the research and development, manufacturing and sales of audio-visual products (excluding TV sets) for international brands on an ODM basis. Tonly Electronics is also one of the ABS-s manufacturers under the programmes of "Hu Hu Tong" and "CunCun Tong" initiated by The State Administration of Radio, Film, and Television ("SARFT"). Its ultimate controlling shareholder is TCL Corporation (a company listed on the Shenzhen Stock Exchange, Stock code 000100.SZ).

For more information, please visit its website at www.tonlyele.com.

Source: Tonly Electronics Holdings Limited
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