omniture

Tonly Electronics' Audio-visual Product Sales Revenue for the First Eleven Months of 2015 Amounts to HK$4,107.6 Million

HONG KONG, Dec. 11, 2015 /PRNewswire/ -- Tonly Electronics Holdings Limited ("Tonly Electronics" or "the Group"; SEHK stock code: 01249) announces its unaudited monthly sales performance in November and for the first eleven 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 November 2015, the Group recorded monthly revenue of HK$309.5 million from audio-visual ("AV") products, down 28.4% year-on-year. For the first eleven months of 2015, the Group recorded revenue of HK$4,107.6 million from AV products, down 10.0% year-on-year.

The unaudited monthly sales revenue for audio products down by 5.8% year-on-year to HK$211.8 million in November 2015 and for the first eleven months of 2015 increased by 5.3% year-on-year to HK$2,154.3 million. Monthly sales revenue for new audio products increased by 32.5% year-on-year to HK$153.0 million due to the launch of new products, while the monthly sales revenue for traditional audio products decreased by 46.3% year-on-year to HK$58.8 million due to decreased customer orders caused by uncertainties in the global economy.

The unaudited monthly sales revenue for video disc players decreased by 63.1% to HK$59.9 million in November 2015 and for the first eleven months of 2015 decreased by 35.3% year-on-year to HK$1,240.5 million.

The unaudited monthly sales revenue for media boxes business decreased by 15.9% year-on-year to HK$37.8 million in November 2015 and for the first eleven months of 2015 increased by 18.5% year-on-year to HK$712.8 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 lower than last year.

Unaudited Sales Revenue
(HK$'000)

Nov-15

Nov -14

YoY Change

 (%)

Jan- Nov  15

Jan- Nov 14

YoY Change

 (%)

Audio Products







-Traditional audio products

58,799

109,439

-46.3%

863,832

1,104,804

-21.8%

-New audio products#

152,975

115,418

+32.5%

1,290,421

940,591

+37.2%

Subtotal

211,774

224,857

-5.8%

2,154,253

2,045,395

+5.3%








Video disc players

59,882

162,446

-63.1%

1,240,541

1,916,372

-35.3%








Media boxes*

37,826

44,968

-15.9%

712,763

601,571

+18.5%








Total

309,482

432,271

-28.4%

4,107,557

4,563,338

-10.0%

*Media boxes include OTT products
#Include headphones

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 "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.

Source: Tonly Electronics Holdings Limited
Related Stocks:
HongKong:1249
Related Links:
collection