HONG KONG, Apr 27, 2016 - (ACN Newswire) - Tongda Group Holdings Limited ("Tongda" or the "Group") (Stock Code: 698) has presented the operating position for the three months ended 31 March 2016.
Revenue derived from sales to the largest five customers during the period ended 31 March 2016 and 2015 amounted to approximately HK$872 million and HK$718 million respectively, which represented approximately 62% and 60% of the total revenue respectively.
During the period, the Group's turnover increased from approximately HK$1.2 billion to HK$1.4 billion, representing an approximately 16.7% increment. The increase in the contribution from the handset segment was offset by the decrease in the orders from customers of electrical appliances and set-top boxes. The automotives interior decorative parts business and the precision rubber parts business recorded good progress.
Compared with the corresponding period in 2015, the metal handset casings orders from key customers increased. The major handset models produced by the Group include Huawei Maimang 4, OPPO A53 and R9, Xiaomi Redmi 3, Redmi Note 3 and Xiaomi 4c, Qiku Youth Edition and Flagship Edition, Coolpad Fengshang max and iVVi i3.
About Tongda Group Holdings Limited
Tongda Group is the world's leading solutions provider of high-precision components used in smart mobile communication and consumer electronic products. The Group has been listed on the Main Board of The Stock Exchange of Hong Kong Limited since 2000, under the Information Technology - IT Hardware category, and has been selected as a constituent stock in Hang Seng Composite SmallCap Index, Hang Seng Broad Consumption Index, Hang Seng Global Composite Index and the MSCI Global Small Cap Indices - China Index. Tongda Group garners the DHL/SCMP Hong Kong Business Awards 2015-Enterprise Award.
Leveraging its metal casing production, leading In-Mold Lamination ("IML") and rubber parts business technology, the Group has established a solid presence in the markets for handsets, electrical appliances and notebook computer casings as well as automotive interior decoration. The Group is dedicated to satisfying customers' needs through establishing global service networks in various regions, with strategically located production bases in Shishi city, Xiamen, Shanghai and Shenzhen, as well as R&D centres in Shanghai and Taiwan.
Source: Tongda Group Holdings Limited
Contact:
Strategic Financial Relations Limited Vicky Lee Tel: 2864 4834 Email: vicky.lee@sprg.com.hk Angela Ng Tel: 2864 4855 Email: angela.ng@sprg.com.hk Angel Li Tel: 2864 4859 Email: angelok.li@sprg.com.hk Angela Wong Tel: 2114 4953 Email: angela.wong@sprg.com.hk Fax: 2527 1196 Website: www.sprg.com.hk
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