omniture

Tonly Electronics' Audio-visual Product Sales Revenue for the First Five Months of 2015 Amounted to HK$1,835.1 Million

Tonly Electronics Holdings Limited
2015-06-10 21:13 2789

HONG KONG, June 10, 2015 /PRNewswire/ -- Tonly Electronics Holdings Limited ("Tonly Electronics" or "the Group"; SEHK stock code: 01249) announces its unaudited monthly sales performance in May and for the first five 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 May 2015, the Group recorded monthly revenue of HK$353.7 million from audio-visual ("AV") products, down 9.0% year-on-year. For the first five months of 2015, the Group recorded revenue of HK$1,835.1 million from AV products, up 4.1% year-on-year.

The unaudited monthly sales revenue for video disc players decreased by 33.3% to HK$110.9 million in May 2015 and for the first five months of 2015 decreased by 17.7% year-on-year to HK$648.6 million.

The unaudited monthly sales revenue for audio products grew by 42.8% year-on-year to HK$203.0 million in May 2015 and for the first five months of 2015 increased by 38.3% year-on-year to HK$859.4 million.

The unaudited monthly sales revenue for media boxes business decreased by 50.4% year-on-year to HK$39.9 million in May 2015 and for the first five months of 2015 decreased by 7.6% year-on-year to HK$327.0 million. The fluctuation in media boxes business in May was mainly attributed to the transition between new and traditional products mix, as it will take a certain period of time for the volume of new products to increase.  The group expects batch shipment volumes of the media boxes business in June.

The Group maintains its projected turnover growth of 10% year-on-year for 2015.

Unaudited Sales Revenue (HK$'000)

May-15

May-14

YoY Change

(%)

Jan-May 15

Jan-May 14

YoY Change

(%)

Video disc players            

110,913

166,188

-33.3%

648,634

788,071

-17.7%








Audio Products







-- Traditional audio products

83,944

69,510

+20.8%

391,961

313,495

+25.0%

-- New audio products

119,010

72,640

+63.8%

467,457

307,723

+51.9%

Subtotal

202,954

142,150

+42.8%

859,418

621,218

+38.3%








Media boxes *

39,864

80,321

-50.4%

326,998

353,879

-7.6%








Total

353,731

388,659

-9.0%

1,835,050

1,763,168

+4.1%


*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 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 "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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