omniture

Tonly Electronics' Audio-visual Product Sales Revenue for the First Eight Months of 2015 Amounted to HK$2,967.1 Million

HONG KONG, Sept. 10, 2015 /PRNewswire/ -- Tonly Electronics Holdings Limited ("Tonly Electronics" or "the Group"; SEHK stock code: 01249) announces its unaudited monthly sales performance in August and for the first eight 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 August 2015, the Group recorded monthly revenue of HK$433.3 million from audio-visual ("AV") products, down 20.8% year-on-year. For the first eight months of 2015, the Group recorded revenue of HK$2,967.1 million from AV products, down 2.8% year-on-year.

The unaudited monthly sales revenue for audio products down by 11.8% year-on-year to HK$245.5 million in August 2015 and for the first eight months of 2015 increased by 22.6% year-on-year to HK$1,451.7 million. Monthly sales revenue for traditional audio products decreased by 32.7% year-on-year to HK$104.6 million due to delay in the launch of new products, while the monthly sales revenue for new audio products increased by 14.7% year-on-year to HK$140.9 million.

The unaudited monthly sales revenue for video disc players decreased by 52.9% to HK$104.2 million in August 2015 and for the first eight months of 2015 decreased by 28.7% year-on-year to HK$977.3 million.

The unaudited monthly sales revenue for media boxes business increased by 75.9% year-on-year to HK$83.6 million in August 2015 and for the first eight months of 2015 increased by 8.1% year-on-year to HK$538.1 million.  

In the face of the challenging business environment and a decline in sales of video disc players, the Group expects sales revenue for the full year 2015 will be slightly lower than last year.

Unaudited Sales Revenue (HK$'000)

Aug-15

Aug -14

YoY Change

 (%)

Jan- Aug 15

Jan- Aug 14

YoY Change

 (%)

Audio Products







-Traditional audio products

104,600

155,410

-32.7%

641,279

643,569

-0.4%

-New audio products

140,862

122,787

+14.7%

810,438

540,182

+50.0%

Subtotal

245,462

278,197

-11.8%

1,451,717

1,183,751

+22.6%








Video disc players

104,226

221,158

-52.9%

977,306

1,370,518

-28.7%








Media boxes*

83,600

47,530

+75.9%

538,106

497,664

+8.1%








Total

433,288

546,885

-20.8%

2,967,129

3,051,933

-2.8%

*Media boxes include OTT products.

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 above mentioned period.

About Tonly Electronics

Tonly Electronics Holdings Limited (stock code: 01249) is an internationally leading audio-visual ("AV") products manufacturer, and is principally engaged in the research and development, manufacturing and sales of audio-visual products and wireless intelligent interconnectivity products 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"). The company will establish the most competitive New ODM industry platform based on acoustic and wireless internet technology. 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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