Tonly Electronics Audio-visual Product Sales Revenue for the First Two Months of 2015 Amounted to HK$707.9 Million

HONG KONG, March 10, 2015 /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 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 February 2015, the Group recorded monthly revenue of HK$268.8 million from AV products, up 47.8% year-on-year. For the first two months of 2015, the Group recorded revenue of HK$707.9 million from audio-visual ("AV") products, up 15.5% year-on-year.

The unaudited monthly sales revenue for video disc players increased by 36.9% to HK$124.7 million in February, and that for the first two months of 2015 increased by 2.8% year-on-year to HK$270.9 million.

The unaudited monthly sales revenue for audio products grew by 86.4% year-on-year to HK$134.7 million in February 2015 and that for the first two months of 2015 increased by 30.3% year-on-year to HK$268.8 million

The unaudited monthly sales revenue for media boxes business decreased by 48.8% year-on-year to HK$9.4 million in February 2015 and that for the first two months of 2015 increased by 17.7% year-on-year to HK$168.2 million.

The Group will continue to invest in R&D for new types of audio products and strengthen its innovation capability in electroacoustics. For the media box business, the Group continue to strengthen its cooperation with both domestic and overseas internet and telecommunication companies. Meanwhile, the Group will attempt to enter into other new business, expand its existing business and enlarge its income source through both organic expansion and acquisitions.

Unaudited Sales Revenue (HK$’000)

Feb-15

Feb-14

YoY Change

Jan-Feb 15

Jan-Feb 14

YoY Change

(%)

(%)

Video disc players

124,706

91,122

+36.9%

270,928

263,672

+2.8%

Audio Products

– Traditional audio products

54,024

35,788

+51.0%

129,010

108,081

+19.4%

– New audio products

80,653

36,480

+121.1%

139,792

98,252

+42.3%

Subtotal

134,677

72,268

+86.4%

268,802

206,333

+30.3%

Media boxes *

9,439

18,450

-48.8%

168,161

142,880

+17.7%

Total

268,822

181,840

+47.8%

707,891

612,885

+15.5%

 

* Media boxes include 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.

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"). 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.