HONG KONG, Oct. 13, 2015 /PRNewswire/ -- Tonly Electronics Holdings Limited ("Tonly Electronics" or "the Group"; SEHK stock code: 01249) announces its unaudited monthly sales performance in September and for the first nine 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 September 2015, the Group recorded monthly revenue of HK$421.2 million from audio-visual ("AV") products, down 20.5% year-on-year. For the first nine months of 2015, the Group recorded revenue of HK$3,388.3 million from AV products, down 5.4% year-on-year.
The unaudited monthly sales revenue for audio products down by 21.1% year-on-year to HK$246.0 million in September 2015 and for the first nine months of 2015 increased by 13.5% year-on-year to HK$1,697.7 million. Monthly sales revenue for traditional audio products decreased by 49.4% year-on-year to HK$89.0 million due to a slowdown in market demand and decrease in customer orders. The Group's first proprietary high-end noise-canceling wireless headphone has been classified as a new audio products and started commercial shipment in September. It is expected to gradually become a significant revenue source of the Group.
The unaudited monthly sales revenue for video disc players decreased by 48.0% to HK$112.4 million in September 2015 and for the first nine months of 2015 decreased by 31.3% year-on-year to HK$1,089.7 million.
The unaudited monthly sales revenue for media boxes business increased by 2,915.0% year-on-year to HK$62.8 million in September 2015 and for the first nine months of 2015 increased by 20.2% year-on-year to HK$600.9 million.
In the face of the challenging business environment and a decline in sales of video disc players, the Group expects sales revenue for the full year 2015 will be lower than last year.
Unaudited Sales Revenue (HK$'000) |
Sep-15 |
Sep -14 |
YoY Change (%) |
Jan- Sep 15 |
Jan- Sep 14 |
YoY Change (%) |
| Audio Products |
||||||
| -- Traditional audio products |
89,047 |
175,944 |
-49.4% |
730,326 |
819,513 |
-10.9% |
| -- New audio products# |
156,929 |
135,968 |
+15.4% |
967,368 |
676,150 |
+43.1% |
| Subtotal |
245,976 |
311,912 |
-21.1% |
1,697,694 |
1,495,663 |
+13.5% |
| Video disc players |
112,408 |
216,028 |
-48.0% |
1,089,714 |
1,586,546 |
-31.3% |
| Media boxes* |
62,805 |
2,083 |
+2,915.0% |
600,911 |
499,747 |
+20.2% |
| Total |
421,189 |
530,023 |
-20.5% |
3,388,319 |
3,581,956 |
-5.4% |
*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.
