Tonly Electronics’ Audio-visual Product Sales Revenue for the First Eight Months of 2015 Amounted to HK$2,967.1 Million

HONG KONG, Sept. 10, 2015 /PRNewswire/ — Tonly Electronics Holdings Limited (“Tonly Electronics” or “the Group”; SEHK stock code: 01249) announces its unaudited monthly sales performance in August and for the first eight 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 August 2015, the Group recorded monthly revenue of HK$433.3 million from audio-visual (“AV”) products, down 20.8% year-on-year. For the first eight months of 2015, the Group recorded revenue of HK$2,967.1 million from AV products, down 2.8% year-on-year.

The unaudited monthly sales revenue for audio products down by 11.8% year-on-year to HK$245.5 million in August 2015 and for the first eight months of 2015 increased by 22.6% year-on-year to HK$1,451.7 million. Monthly sales revenue for traditional audio products decreased by 32.7% year-on-year to HK$104.6 million due to delay in the launch of new products, while the monthly sales revenue for new audio products increased by 14.7% year-on-year to HK$140.9 million.

The unaudited monthly sales revenue for video disc players decreased by 52.9% to HK$104.2 million in August 2015 and for the first eight months of 2015 decreased by 28.7% year-on-year to HK$977.3 million.

The unaudited monthly sales revenue for media boxes business increased by 75.9% year-on-year to HK$83.6 million in August 2015 and for the first eight months of 2015 increased by 8.1% year-on-year to HK$538.1 million.

In the face of the challenging business environment and a decline in sales of video disc players, the Group expects sales revenue for the full year 2015 will be slightly lower than last year.

*Media boxes include OTT products.