HONG KONG, March 17, 2014 /PRNewswire/ -- Tonly Electronics Holdings Limited ("Tonly Electronics" or "the Group"; SEHK stock code: 01249) announces its unaudited monthly sales performance in February and for the first two months of 2014.
For the first two months of 2014, the Group recorded monthly revenue of HK$612.9million from audio-visual ("AV") products, up 48.6% year-on-year. In February 2014, the Group recorded monthly revenue of 181.8 million from AV products, up 41.1% year-on-year.
The unaudited monthly sales revenue for video disc players increased by 13.5% to HK$91.1 million in February, while that for the first two months of 2014 increase by 5.0% year-on-year to HK$263.7 million.
The unaudited monthly sales revenue for audio products grew by 59.3% year-on-year to HK$72.3 million in February 2014 and that for the first two months of 2014 increased by 31.1% year-on-year to HK$206.3 million.
The unaudited monthly sales revenue for media boxes surged by 470.3% year-on-year to HK$18.5 million in February 2014 and that for the first two months of 2014 increased by 3,449.9% year-on-year to HK$142.9 million.
The Group will continue to solidify its leading position in the AV product market. Meanwhile, it will also strive to pursue for higher profitability by enhancing its research and development efficiency and developing a diversified product portfolio with audio products and media boxes as the focus to maximize value for its customers and shareholders.
| Unaudited Sales Revenue (HK$'000) | Jan-14 | Jan-13 | YoY Change |
| (%) | |||
| Video disc players | 172,550 | 170,817 | +1.0% |
| Audio Products | |||
| -- Traditional audio products | 72,293 | 93,472 | -22.7% |
| -- New audio products | 61,772 | 18,513 | +233.7% |
| Subtotal | 134,065 | 111,985 | +19.7% |
| Media boxes * | 124,430 | 734 | +16,852.3% |
| Total | 431,045 | 283,536 | +52.0% |
| Unaudited Sales Revenue (HK$'000) | Feb-14 | Feb-13 | YoY Change | Jan-Feb 14 | Jan-Feb 13 | YoY Change |
| (%) | (%) | |||||
| Video disc players | 91,122 | 80,252 | +13.5% | 263,672 | 251,069 | +5.0% |
| Audio Products | ||||||
| -- Traditional audio products | 35,788 | 33,897 | +5.6% | 108,081 | 127,369 | -15.1% |
| -- New audio products | 36,480 | 11,477 | +217.9% | 98,252 | 29,990 | +227.6% |
| Subtotal | 72,268 | 45,374 | +59.3% | 206,333 | 157,359 | +31.1% |
| Media boxes * | 18,450 | 3,235 | +470.3% | 142,880 | 3,969 | +3,449.9% |
| Total | 181,840 | 128,861 | +41.1% | 612,885 | 412,397 | +48.6% |
* Media boxes includes OTT, which was categorized as video products in the previous press releases or result announcements.
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.
