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HONG KONG, CHINA - MediaOutReach - 10 April 2019 - Tonly Electronics Holdings Limited("Tonly Electronics" or "the Group"; SEHK stock code: 01249) announced itsunaudited sales revenue ended 31 March 2019 for its major products. The following products do not encompass all of the Group's business andthe information below does not completely reflect the Group's performanceduring the period under review.
Sales revenue of the major products of the Group was approximately HK$1,541 million for the first quarter in 2019, increased by 29.1% compared withthe same period of last year. The growth was mainly attributable to the Group's'audio products', 'headphones' and 'ancillary product' business.
Audio product business has now become the major business segment of theGroup, especially in view of the growth of smart speakers and new audiobusiness. Sales revenue for audio products for the first quarter in 2019 roseby 30.6% YoY to approximately HK$1,083 million.
Sales revenue for headphones for the first quarter in 2019 rose by 93.8% YoY to approximately HK$198 million. The Group will continue to enhance its technologicaldevelopment of True Wireless Stereo (TWS) earphones and voice interactionfunction of earphones in order to increase market share.
Salesrevenue of video products fell by 57.1% YoY to approximately HK$55 million forthe first quarter in 2019. The fall was mainly due to the general downturn ofthe video disc players market.
Salesrevenue of IoT Related Products decreased by 21.2% YoY to approximately HK$41million for the first quarter in 2019. The Group will further expand itsefforts in independent R&D and technological innovation and enhance itsproduct competitiveness.
Benefited from the inclusion of component products of Guangdong RegencyOptics-Electron Corp, an subsidiary of the Group, into the Group's revenue ofancillary products in the first quarter of 2019, and the growth ofancillary product business supplementary to the smart products business, salesrevenue of ancillary products rose by approximately 100% YoY to approximatelyHK$165 million for the first quarter in 2019.
Unaudited Sales Revenue (HK$'000) | 2019 Q1 | 2018 Q1 | Change YoY (%) |
| Audio Products(1) | 1,082,817 | 828,907 | 30.6% |
| Headphones | 197,862 | 102,072 | 93.8% |
| Video products(2) | 55,217 | 128,826 | -57.1% |
| IoT Related Products(3) | 40,527 | 51,444 | -21.2% |
| Ancillary products(4) | 164,712 | 82,639 | 99.3% |
| Total | 1,541,135 | 1,193,988 | 29.1% |
(1) Mainly include smart voice speakers, wirelessspeakers, soundbars, home theatres, and mini speakers
(2) Mainly include DVD players, BD players, OTT settop boxes (STB), and other products
(3) Mainly include smart plugs, smart gateways andother IoT products
(4) Mainly include fabric covering for externalsales, plastic injection structural parts, speakers, wireless modules, andother components
Note: Theabove products do not encompass all of the Group's business and the informationabove does not completely reflect the performance of the Group during theperiod under review. The above information is unaudited.
About Tonly Electronics
TonlyElectronics Holdings Limited (SEHK stock code: 01249), a high-tech smartproducts manufacturer with competitive industrial advantages, is principallyengaged in the research and development, manufacturing and sales of audio andvideo products as well as wireless smart interconnectivity products. It is alsodeveloping into smart business. The Group is committed to becoming a one-stop smart loTsolutions provider based on the electroacoustic and wireless technologies.
For more information,please visit its website at www.tonlyele.com.
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