omniture

Tonly Electronics' Audio-visual Product Sales Revenue for the First Seven Months of 2015 Amounted to HK$2,533.8 Million

Tonly Electronics Holdings Limited
2015-08-11 20:17 2660

HONG KONG, Aug. 11, 2015 /PRNewswire/ -- Tonly Electronics Holdings Limited ("Tonly Electronics" or "the Group"; SEHK stock code: 01249) announces its unaudited monthly sales performance in July and for the first seven 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 July 2015, the Group recorded monthly revenue of HK$368.1 million from audio-visual ("AV") products, down 12.6% year-on-year. For the first seven months of 2015, the Group recorded revenue of HK$2,533.8 million from AV products, up 1.1% year-on-year.

The unaudited monthly sales revenue for audio products grew by 20.8% year-on-year to HK$199.2 million in July 2015 and for the first seven months of 2015 increased by 33.2% year-on-year to HK$1,206.3 million. Monthly sales revenue for traditional audio products decreased by 23.2% year-on-year to HK$74.2 million due to delay in batch shipment volumes, while the monthly sales revenue for new audio products increased by 83.2% year-on-year to HK$125.0 million.

The unaudited monthly sales revenue for video disc players decreased by 45.7% to HK$106.3 million in July 2015 and for the first seven months of 2015 decreased by 24.0% year-on-year to HK$873.1 million.

The unaudited monthly sales revenue for media boxes business increased by 3.0% year-on-year to HK$62.6 million in July 2015 and for the first seven months of 2015 increased by 1.0% year-on-year to HK$454.5 million.  

Although sales revenue of the Group's audio products and media boxes showed steady growth, but in the face of the challenging business environment and a large 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)

Jul-15

Jul-14

YoY Change

 (%)

Jan-Jul 15

Jan-Jul 14

YoY Change

 (%)

Audio Products







- Traditional audio products

74,241

96,650

-23.2%

536,679

488,159

+9.9%

- New audio products

124,966

68,228

+83.2%

669,576

417,395

+60.4%

Subtotal

199,207

164,878

+20.8%

1,206,255

905,554

+33.2%








Video disc players

106,308

195,604

-45.7%

873,080

1,149,360

-24.0%








Media boxes*

62,555

60,753

+3.0%

454,506

450,134

+1.0%








Total

368,070

421,235

-12.6%

2,533,841

2,505,048

+1.1%

*

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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