EQS-News / 13/01/2020 / 17:36 UTC+8
For Immediate Release
Tonly Electronics Holdings Limited
(Stock Code: 01249)
Tonly Announces Sales Revenue from Major Products for Fourth Quarter
and Full Year in 2019 (Unaudited)
(13 January 2020, Hong Kong) Tonly Electronics Holdings Limited ("Tonly
Electronics" or "the Group"; SEHK stock code: 01249) announced its unaudited
sales revenue ended 31 December 2019 for its major products. The following
products do not encompass all of the Group's business and the information
below does not completely reflect the Group's performance during the period
under review.
Sales revenue of the major products of the Group was approximately HK$2,176
million for the fourth quarter in 2019, increased by 3.2% compared with the
same period of last year. Sales revenue of the major products of the Group
for the full year in 2019 was HK$8,024 million, representing a 10.7% rise
year-on-year (YoY). 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 the
Group, especially in view of the growth of smart speakers and soundbar.
Sales revenue for audio products for the fourth quarter in 2019 fell by
14.9% YoY to approximately HK$1,372 million. The fall was mainly due to the
decline in traditional audio business and the delayed shipments of some
customers at the end of the year. Its sales revenue increased by 5.1% YoY to
HK$ 5,824 million for the full year in 2019.
Sales revenue for headphones for the fourth quarter in 2019 rose by 54.3%
YoY to approximately HK$410 million. While its sales revenue increased by
49.7% YoY to HK$1,055 million for the full year in 2019. The Group will
continue to enhance its technological development of True Wireless Stereo
(TWS) earphones, mid-to-high-end earphones products, Active Noise
Cancellation (ANC) earphones and voice interaction function in order to
increase market share.
Sales revenue of video products fell by 37.0% YoY to approximately HK$31
million for the fourth quarter in 2019, and it recorded a decrease of 46.8%
YoY to HK$211 million for the full year in 2019. The fall was mainly due to
the general downturn of the video disc players market.
Sales revenue of IoT Related Products fell by 24.3% YoY to approximately
HK$32 million for the fourth quarter in 2019, and it recorded a decrease of
20.3% YoY to HK$128 million for the full year in 2019. The decline was
mainly due to the impact of structure adjustments of products and customers.
The Group will continue to expand its product innovation capabilities, as
well as to optimise its customer structure and enhance its market
competitiveness.
Sales revenue of ancillary products rose by approximately 136.6% YoY to
approximately HK331 million for the fourth quarter in 2019. Benefited from
the inclusion of component products of Guangdong Regency Optics-Electron
Corp, an subsidiary of the Group, into the Group's revenue of ancillary
products since the first quarter of 2019, and the growth of ancillary
product business supplementary to the smart products business, sales revenue
of the said products for the full year in 2019 rose by 82.4% YoY to HK$806
million.
- End -
Unaudited 2019 Q4 2018 Q4 Change 2019 2018 Change
Sales
Revenue
(HK$'000)
YoY (%) Full Year Full YoY
Year (%)
Audio 1,371,925 1,611,49 -14.9% 5,823,874 5,543, 5.1%
products(1) 7 219
Headphones 410,062 265,747 54.3% 1,055,195 704,68 49.7%
8
Video 31,085 49,307 -37.0% 211,030 396,63 -46.8%
products(2) 3
IoT Related 31,898 42,152 -24.3% 128,310 161,05 -20.3%
products(3) 8
Ancillary 330,717 139,758 136.6% 806,033 441,93 82.4%
products(4) 7
Total 2,175,687 2,108,46 3.2% 8,024,442 7,247, 10.7%
1 535
1) Mainly include smart voice speakers, wireless speakers, soundbars, home
theatres, and mini speakers
2) Mainly include DVD players, BD players, OTT set top boxes (STB), and
other products
3) Mainly include smart plugs, smart gateways and other IoT products
4) Mainly include fabric covering for external sales, plastic injection
structural parts, speakers, wireless modules, and other components
*Partial IoT Related Products sales in 2018 were reclassified to Video
products for the reason of product form adjustment.
Note: The above products do not encompass all of the Group's business and
the information above does not completely reflect the performance of the
Group during the period under review. The above information is unaudited.
About Tonly Electronics
Tonly Electronics Holdings Limited (SEHK stock code: 01249), a high-tech
smart products manufacturer with competitive industrial advantages, is
principally engaged in the research and development, manufacturing and sales
of audio and video products as well as wireless smart interconnectivity
products. It is also developing into smart business. The Group is committed
to becoming a one-stop smart loT solutions provider based on the
electroacoustic and wireless technologies.
For more information, please visit its website at www.tonlyele.com [1].
For further information, please contact:
Tonly Electronics Holdings Limited
Andrew Cao / Cheryl Ko
T: (852) 2437 7460
E: ir@tonlyele.com
Document: http://n.eqs.com/c/fncls.ssp?u=UPYEGHILTS [2]
Document title: Tonly Announces Sales Revenue from Major Products for Fourth
Quarter and Full Year in 2019 (Unaudited)
13/01/2020 Dissemination of a Marketing Press Release, transmitted by EQS
Group.
The issuer is solely responsible for the content of this announcement.
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(END) Dow Jones Newswires
January 13, 2020 04:36 ET (09:36 GMT)
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