HONG KONG, Dec. 10, 2014 /PRNewswire/ — Tonly Electronics Holdings Limited ("Tonly Electronics" or "the Group"; SEHK stock code: 01249) announces its unaudited monthly sales performance in November and for the first eleven 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 November 2014, the Group recorded monthly revenue of HK$432.3 million from AV products, up 15.6% year-on-year. For the first eleven Months of 2014, the Group recorded revenue of HK$4,563.3 million from audio-visual ("AV") products, up 28.2% year-on-year.

The unaudited monthly sales revenue for video disc players decreased by 8.0% to HK$162.4 million in November, and that for the first eleven months of 2014 decreased by 3.3% year-on-year to HK$1,916.4 million.

The unaudited monthly sales revenue for audio products grew by 14.0% year-on-year to HK$224.9 million in November 2014 and that for the first eleven months of 2014 increased by 30.7% year-on-year to HK$2,045.4 million

The unaudited monthly sales revenue for media boxes business increased by 40,780.0% year-on-year to HK$45.0 million in November 2014 and that for the first eleven months of 2014 increased by 4,142.7% year-on-year to HK$601.6 million.

The Group will continue to strengthen its capabilities of designing products and researching on and developing core technologies. It will also leverage its innovation capability to launch new types of products that meet the market’s needs, and create new growth drivers by expanding its product portfolio. The Group will strengthen its integrated production capabilities to improve the profitability in the future, and thus maximize value for the customers and shareholders.

Unaudited Sales Revenue (HK$’000)

Nov-14

Nov-13

YoY Change

Jan-Nov 14

Jan-Nov 13

YoY Change

(%)

(%)

Video disc players

162,446

176,553

-8.0%

1,916,372

1,981,055

-3.3%

Audio Products # 

– ­Traditional audio products

109,439

115,935

-5.6%

1,104,804

1,057,462

+4.5%

– New audio products

115,418

81,321

+41.9%

940,591

507,987

+85.2%

Subtotal

224,857

197,256

+14.0%

2,045,395

1,565,449

+30.7%

Media boxes *

44,968

110

+40,780.0%

601,571

14,179

+4,142.7%

Total

432,271

373,919

+15.6%

4,563,338

3,560,683

+28.2%

* 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.