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Tonly Electronics' Audio-visual Product Sales Revenue for the First Seven Months of 2014 Amounted to HK$2,505 Million

August 13, 2014



HONG KONG, Aug. 13, 2014 /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 2014. 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 2014, the Group recorded monthly revenue of HK$421.2 million from AV products, up 27.5% year-on-year. For the first seven months of 2014, the Group recorded revenue ofHK$2,505 million from audio-visual ("AV") products, up 37.9% year-on-year.

The unaudited monthly sales revenue for video disc players decreased by 6.5% toHK$195.6 million in July, and that for the first seven months of 2014 increased by 0.9% year-on-year toHK$1,149.4 million.

The unaudited monthly sales revenue for audio products grew by 39.2% year-on-year toHK$164.9 million in July 2014 and that for the first seven months of 2014 increased by 36.0% year-on-year toHK$905.6 million. 

The unaudited monthly sales revenue for media boxes business surged by 2,118.9% year-on-year toHK$60.8 million in July 2014 and that for the first seven months of 2014 increased by 3,650.2% year-on-year toHK$450.1 million.

The Group has been on the right track in developing a diversified product portfolio with the new audio product business, which continues its strong momentum, and the media boxes business, which was driven by the internet-based transition of consumer's lifestyle as the focus. It will continue to actively engage in research and development of electroacoustic and developed high quality drivers and speakers in-house to enhance its vertical integration capabilities and hence the competitiveness of its audio products.

Unaudited Sales Revenue (HK$'000)

July-14

July-13

YoY Change

(%)

Jan-July 14

Jan-July 13

YoY Change

(%)

Video disc players

195,604

209,255

-6.5%

1,149,360

1,138,555

0.9%

Audio Products #

-- Traditional audio products

96,650

25,273

282.4%

488,159

464,842

5.0%

-- ­New audio products

68,228

93,191

-26.8%

417,395

200,996

107.7%

Subtotal

164,878

118,464

39.2%

905,554

665,838

36.0%

Media boxes *

60,753

2,738

2,118.9%

450,134

12,003

3,650.2%

Total

421,235

330,457

27.5%

2,505,048

1,816,396

37.9%

* Media boxes includes OTT, which was categorized as video products in the previous press releases or result announcements.#Certain traditional audio products have been upgraded to new audio products, and revenue from the sales of such upgraded audio products for 2013 has been reclassified and restated accordingly.

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.

To see the full version of this release, including financial tables, click here:http://photos.prnasia.com/prnk/20140813/8521404572-a http://photos.prnasia.com/prnk/20140813/8521404572-a>

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 "Cun Cun 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 http://www.tonlyele.com/>.


SOURCE Tonly Electronics Holdings Limited


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