HONG KONG, Feb. 10, 2015 /PRNewswire/ — Tonly Electronics Holdings Limited ("Tonly Electronics" or "the Group"; SEHK stock code: 01249) announces its unaudited monthly sales performance in January 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 January 2015, the Group recorded revenue of HK$439.1 million from audio-visual ("AV") products, up 1.9% year-on-year, mainly because of the decreasing sales from video disc players while sales revenue for media boxes business increased in comparable to the corresponding period.

The unaudited monthly sales revenue for video disc players decreased by 15.3% to HK$146.2 million in January 2015. The unaudited monthly sales revenue for audio products remained stable and recorded HK$134.1 million in January. And that of media boxes business increased by 27.6% year-on-year to HK$158.7 million.

The Group will continue to focus on product innovation, strengthen its core competitiveness such as industrial and technological innovation as well as operational capabilities. It will also launch more new products which meet market demand and cater for consumer tastes to reinforce its leading position in the global market for audio-visual products and thus maximize value for the customers and shareholders.

Unaudited Sales Revenue (HK$’000)

Jan-15

Jan-14 

YoY Change 

(%)

Video disc players

146,222

172,550

-15.3%

Audio Products #

– ­Traditional audio products

74,986

72,527

+3.4%

– New audio products

59,139

61,538

-3.9%

Subtotal

134,125

134,065

0.0%

Media boxes *

158,722

124,430

+27.6%

Total

439,069

431,045

+1.9%

* Media boxes include OTT, which was categorized as video products in the previous press releases or result announcements.

#Certain traditional audio products have been upgraded to new audio products, and revenue from the sales of such upgraded audio products for 2014 has been reclassified and restated accordingly.

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"). 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.