HONG KONG, Jan. 9, 2015 /PRNewswire/ — Tonly Electronics Holdings Limited ("Tonly Electronics" or "the Group"; SEHK stock code: 01249) announces its unaudited monthly sales performance in December 2014 and for year 2014. 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.

For the year of 2014, the Group recorded revenue of HK$4,880.5 million from audio-visual ("AV") products, up 26.9% year-on-year. In December 2014, the Group recorded monthly revenue of HK$317.1 million from AV products, up 11.5% year-on-year.

The unaudited monthly sales revenue for video disc players increased by 3.8% to HK$150.9 million in December 2014, and that for the year 2014 decreased by 2.8% year-on-year to HK$2,067.3 million.

The unaudited monthly sales revenue for audio products grew by 3.6% year-on-year to HK$142.7 million in December 2014 and that for the year 2014 increased by 28.5 % year-on-year to HK$2,188.1 million

The unaudited monthly sales revenue for media boxes business increased by 1,574.4% year-on-year to HK$23.5 million in December 2014 and that for the year 2014 increased by 3,911.0% year-on-year to HK$625.1 million.

The Group will closely follow the trends in the industry’s technological development, and enhance its technology and capabilities to design intelligent ancillary products. The Group will expand its existing businesses and enlarge its income source 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)

Dec-14

Dec-13

YoY Change

Jan-Dec 14

Jan-Dec 13

YoY Change

(%)

(%)

Video disc players

150,883

145,329

+3.8%

2,067,255

2,126,384

-2.8%

Audio Products#

-­Traditional audio products

79,699

75,038

+6.2%

1,184,503

1,132,500

+4.6%

-New audio products

63,015

62,756

+0.4%

1,003,606

570,743

+75.8%

Subtotal

142,714

137,794

+3.6%

2,188,109

1,703,243

+28.5%

Media boxes *

23,542

1,406

+1,574.4%

625,113

15,585

+3,911.0%

Total

317,139

284,529

+11.5%

4,880,477

3,845,212

+26.9%

* 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 2013 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 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.