Tonly Announces Sales Revenue from Major Products for First Quarter in 2019 (Unaudited)

HONG KONG, CHINA -�Media
OutReach - 10 April 2019 – Tonly Electronics Holdings Limited
(“Tonly Electronics” or “the Group”; SEHK stock code: 01249) announced its
unaudited sales revenue ended 31 March 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$1,541 million for the first quarter in 2019, increased by 29.1% compared with
the 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 the
Group, especially in view of the growth of smart speakers and new audio
business. Sales revenue for audio products for the first quarter in 2019 rose
by 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 technological
development of True Wireless Stereo (TWS) earphones and voice interaction
function of earphones in order to increase market share.

 

Sales
revenue of video products fell by 57.1% YoY to approximately HK$55 million for
the first quarter in 2019. The fall was mainly due to the general downturn of
the video disc players market.

 

Sales
revenue of IoT Related Products decreased by 21.2% YoY to approximately HK$41
million for the first quarter in 2019. The Group will further expand its
efforts in independent R&D and technological innovation and enhance its
product competitiveness.

 

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 in the first quarter of 2019, and the growth of
ancillary product business supplementary to the smart products business, sales
revenue of ancillary products rose by approximately 100% YoY to approximately
HK$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, 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

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.