HONG KONG, Jan. 13, 2016 /PRNewswire/ -- Tonly Electronics Holdings Limited ("Tonly Electronics" or "the Group"; SEHK stock code: 01249) announces its unaudited monthly sales performance in December and for the full year 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 December 2015, the Group recorded monthly revenue of HK$322.6 million from audio-visual ("AV") products, up 1.7% year-on-year. For the full year of 2015, the Group recorded revenue of HK$4,430.2 million from AV products, down 9.2% year-on-year.
The unaudited monthly sales revenue for audio products down by 1.6% year-on-year to HK$140.4 million in December 2015 and for the full year of 2015 increased by 4.9% year-on-year to HK$2,294.6 million. Monthly sales revenue for new audio products increased by 76.2% year-on-year to HK$111.0 million due to the launch of new products in November 2015, while the monthly sales revenue for traditional audio products decreased by 63.1% year-on-year to HK$29.4 million due to decreased customer orders caused by uncertainties in the global economy.
The unaudited monthly sales revenue for video disc players decreased by 59.0% to HK$61.9 million in December 2015 and for the full year of 2015 decreased by 37.0% year-on-year to HK$1,302.5 million.
The unaudited monthly sales revenue for media boxes business increased by 411.1% year-on-year to HK$120.3 million in December 2015 and for the full year of 2015 increased by 33.3% year-on-year to HK$833.1 million. The growth is mainly attributed to relatively large volume of commercial shipments for overseas set top box ("STB") in December 2015. STB business will also be one of the key business development focuses of the Group.
In the face of the challenging business environment and a decline in sales of video disc players, the Group's sales revenue for the full year of 2015 is lower than last year.
| Unaudited Sales Revenue (HK$'000) |
Dec-15 |
Dec -14 |
YoY Change (%) |
FY 2015 |
FY 2014 |
YoY Change (%) |
| Audio Products |
||||||
| -- Traditional audio products |
29,379 |
79,699 |
-63.1% |
893,212 |
1,184,503 |
-24.6% |
| -- New audio products# |
111,013 |
63,015 |
+76.2% |
1,401,434 |
1,003,606 |
+39.6% |
| Subtotal |
140,392 |
142,714 |
-1.6% |
2,294,646 |
2,188,109 |
+4.9% |
| Video disc players |
61,929 |
150,883 |
-59.0% |
1,302,470 |
2,067,255 |
-37.0% |
| Media boxes* |
120,313 |
23,542 |
+411.1% |
833,076 |
625,113 |
+33.3% |
| Total |
322,634 |
317,139 |
+1.7% |
4,430,192 |
4,880,477 |
-9.2% |
| *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) as a high-tech smart products manufacturer with competitive advantages in the industry, is principally engaged in the research and development, manufacturing and sales of audio-visual products and wireless intelligent interconnectivity products. Tonly Electronics is also one of the ABS-s manufacturers under the programmes of "Hu Hu Tong" and "Cun Cun 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.
