HONG KONG — Tongda Group Holdings Limited (the “Company”, together with its subsidiaries, the “Group”) (Stock Code: 698) has presented the operating position for the three months ended 31 March 2017.
Based on the unaudited consolidated management accounts of the Company for the Period, the turnover of the Company amounted to approximately HK$1,784.5 million (corresponding period in 2016: HK$1,367.7 million), representing a growth of approximately 30.5% as compared to the corresponding period of last year. The increase was mainly derived from the handset segment. Due to the increase in the contribution from two major customers and a broadened customer base, offsetting the drop in contribution from one customer, declining sales of a product near its cycle end and production volume of the new model yet to be ramped up, revenue of the handset segment was increased by 41% when compared with the corresponding period of last year.
During the Period, most of the handsets models being produced were metal casings and more than 25 models were mass produced. The major handset models included Huawei Mate 9, P10 and G9, Nova, Maimang 5, Honor 5C, Oppo R9, R9s, A37, A51 and A53, Redmi 3&4, Remi Note 3 & Note 4 and Mi Max.
In addition, the Group has successfully launched the product of water-proof handset components in 2016. During the Period, the Group continued to supply the water-proof components, and at the same time conducted research & development of new water-proof components embedded with metal materials, which will be launched in the second half of the year. The Group is also exploring opportunities for expanding its customer base and the range of products that apply the water-proof components.
Regarding the 2.5D and 3D film-decorated glass back cover, the Group has secured orders from an existing customer and mass production is expected to start next quarter. These glass back covers will be supplied with the Group’s metal middle supporting frames.