t6pr.com - PROVIEW International (334)

Hong Kong, January 5, 2005 - World¡¦s top-five display devices producer PROVIEW International Holdings Limited (SEHK: 334) releases shipment figures for the six months ended December 2004. In the first half of fiscal 2004/05, the Group shipped a total of 4,296,787 units of CRT monitors (1H2003/04: 2,803,856) or 53% more than a year earlier, 1,373,592 units of LCD monitors (1H2003/04: 999,421) or a 37% year-on-year increase, and 32,597 sets of LCD and PDP TVs. In calendar year 2004, PROVIEW¡¦s total monitor shipment was 9,590,000 units, of which 7,430,000 units were CRT and 2,160,000 units were LCD.

Mr Rowell Yang Long-san, Chairman and Chief Executive Officer, PROVIEW International said: ¡§PROVIEW continued to benefit from industry consolidation and our vertical set-up in CRT monitor manufacturing, resulting in a remarkable volume growth of more than 50% in this segment. In the LCD monitor market, a lot of smaller suppliers have retreated from the battleground as they were hard hit by the detrimental price fluctuation in LCD panels in the past year. At the same time, a surge in replacement demand and in the lower-end PC segment was witnessed in the first half following price reductions in LCD monitors. We expect the volume growth of our LCD monitors to be fuelled by mass channel sales.¡¨

The Group¡¦s order book remained strong with shipment plans for 2005 finalised with major clients. Orders in hand for January 2005 shipment comprises 600,000 units of CRT monitors and 550,000 units of LCD monitors. The Group¡¦s shipment target for calendar year 2005 is 8,000,000 units of CRT monitors and 6,000,000 units of LCD monitors.

In the reporting period, costs of LCD panels have lowered with an over-supply in the market. The Group has also furthered its vertical integration by increasing the assembly of LCD panels from 160,000 pcs of the same period last year to 180,000 pcs. The production of deflection yokes used for CRT monitors has also been increased to 3,550,000 pcs from 2,260,000 pcs a year earlier. All these critical components are used in-house with investments fully exploited.

In terms of revenues, sales to the three core markets, America, Europe and Asia, represented 32% (1H2003/04: 31%), 34% (1H2003/04: 35%) and 31% (1H2003/04: 32%) respectively of the Group¡¦s net turnover in the first half. Growth in mainland China was particularly notable with revenue contribution growing to 20% from 18% of the same period last year.

Key Shipment Figures

Year ended June 30,

2004 2003

CRT monitors 4,296,787 units 2,803,856 units

LCD monitors 1,373,592 units 999,421 units

LCD and PDP TVs 32,597 units Nil

Deflection yokes 3,550,000 units 2,260,000 units

LCD panel assembly 180,000 units 160,000 units

About PROVIEW International
PROVIEW International Holdings Limited (SEHK: 334) is a world top-five display devices producer owning globally recognized house brands including PROVIEW and EMC. The Group commands a global retail-sales and distribution network covering 50 countries with strong leverage of its world-class manufacturing facilities in China, Taiwan and Brazil. It has an annual production capacity of 14 million units of CRT monitors and 6 million LCD monitors. For more information, please visit www.proview.com.

Issued by :
PROVIEW International Holdings Limited

Through :
t6.communications limited
Jenny Lee or Winnie Pang
tel: 2511 8388 / fax: 2511 8238
email: enquiry-at-t6pr.com (use "@" to replace "-at-")
URL : http://www.t6pr.com