Orders of High Volume Consumer Rise
HONG KONG — Tongda Group Holdings Limited (the “Company”, together with its subsidiaries, the “Group”) (SEHK: 698) has presented the operating position for the nine months ended 30 September 2017.
Based on the unaudited consolidated management accounts of the Company for the Period, the turnover of the Company was HK$6,127 million, rose 13.7% Period-over-Period; turnover of the third quarter 2017 was HK$2,509 million, up 36.8% sequentially compared to the second quarter 2017 and up 16.8% from HK$2,148 million in the same quarter 2016.
The third quarter results reflect the positive impact of the high volume consumer ramps on the casing products, the liquid silicone rubber (“LSR”) and precision molding parts. Major models produced include Redmi 4X, Redmi NOTE5 and Mi MAX 2 from Xiaomi as well as NOVA2, NOVA2 PLUS, Honor 9, MATE9, P10 and Maimang 5 from Huawei. The Group already possessed the technology and production capacity for one-stop production of 3D glass casings. During the Period, orders of glass casing from ASUS and Moto were received. The revenues derived from sales to the top five customers during the Period amounted to approximately HK$3,886 million, which represented approximately 63%, of the total revenue (2016: HK$3,542 million, represented 66% of the total revenue).
Mr. Wang Ya Nan, Chairman and CEO of Tongda Group, said, “Looking ahead, the Group is optimistic about the business prospects for the fourth quarter.”