HONG KONG, Oct. 13, 2014 /PRNewswire/ — Tonly Electronics Holdings Limited ("Tonly Electronics" or "the Group"; SEHK stock code: 01249) announces its unaudited monthly sales performance in September and for the first nine months of 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.

In September 2014, the Group recorded monthly revenue of HK$530.0 million from AV products, up 12.0% year-on-year. For the first nine months of 2014, the Group recorded revenue of HK$3,582.0 million from audio-visual ("AV") products, up 34.3% year-on-year.

The unaudited monthly sales revenue for video disc players decreased by 11.1% to HK$216.0 million in September, and that for the first nine months of 2014increased by 0.4% year-on-year to HK$1,586.5 million.

The unaudited monthly sales revenue for audio products grew by 36.3% year-on-year to HK$311.9 million in September 2014 and that for the first nine months of 2014 increased by 39.5% year-on-year to HK$1,495.7 million

The unaudited monthly sales revenue for media boxes business increased by 82.4% year-on-year to HK$2.1 million in September 2014 and that for the first nine months of 2014 increased by 3,618.1% year-on-year to HK$499.7 million.

The Group is building up its innovation capability in electroacoustic and related new technologies in order to enhance its core competitiveness in audio products. Meanwhile, the Group will closely follow industry trends in technology development and adopt automated production facilities to achieve production diversification and maintain its competitiveness in an attempt to enhancing the Group’s leading position in the global audio-visual product market, aiming at maximizing value for all the customers and shareholders.

Unaudited Sales
Revenue (HK’000)

Sep-14

Sep-13

YoYChange
(%)

Jan-Sep 14

Jan-Sep 13

YoY Change
(%)

Video disc players

216,028

243,096

-11.1%

1,586,546

1,581,008

+0.4%

Audio Products#

-­ Traditional audio products

175,944

162,495

+8.3%

819,513

765,555

+7.0%

– ­New audio products

135,968

66,356

+104.9%

676,150

306,750

+120.4%

Subtotal

311,912

228,851

+36.3%

1,495,663

1,072,305

+39.5%

Media boxes*

2,083

1,142

+82.4%

499,747

13,441

+3,618.1%

Total

530,023

473,089

+12.0%

3,581,956

2,666,754

+34.3%

* 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 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.

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