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Tradelink Electronic Commerce Limited
貿易通電子貿易有限公司
14
Management Discussion & Analysis
管理層討論及分析
Other Services Review
During the year, other services, predominantly GETS-related which
included our own Road Cargo Service (“ROCARS”) and ROCARS call
center service on behalf of Customs & Excise Department, as well as
our paper-to-electronic conversion services for paper users of our GETS
services, offered stable contribution to our performance. We expect
performance of these business to continue steady in the coming year.
Regarding iTeM, originally planned as our B2C E-commerce platform,
has been launched, in a technical sense and a limited scale, in the year.
Based on the feedback from soft launch, we are conducting further
enhancement of the platform for commercial launch. As regards the
merchant directory running on our iTeM platform for a major international
credit card operator, again, more enhancement work is needed from
feedback in the market after project launch. Meanwhile the team is
actively pursuing new related initiatives as potential business growth
areas. One of the initiatives is to develop some form of FinTech product
with add-on e-logistics/workflow processing functions for which discussion
is already underway with several interested partners. We are reasonably
confident in signing up the first client soon. With our first reference client
on board, we are prudently optimistic with this business initiative.
China Review
During the year, business performance of our PRC associates was steady.
Share of results from our PRC associates amounted to HK$6.6 million;
roughly at par with the level in 2014. Before the end of the year, the
Group successfully completed the disposal of our stake in Guofurui at a
gain of HK$12.0 million.
As regards the corporate re-structuring of U-Link, our joint venture 4PL
company in Shanghai, the exercise has been completed in the second
half of the year involving capital increase and a major logistics company in
Shenzhen as a new shareholder of its subsidiary operating U-Link’s 4PL
platform. Although the historical legal issue of Guangdong Nanfang Haian
Science & Technology Service Company Limited caused by the previous
management has been resolved in the year, it has caused some damages
to the company in terms of its business and staff morale. Hopefully this
will only be temporary. On the other hand, while it is expected that the re-
structuring of U-Link will strengthen its business going forward, we may
have to accept negative contribution from this associate in the near future
as it continues investing in business expansion.
With three PRC associates left after disposal of our Guofurui stake,
in 2016 we will take a rigorous review of our activities in China taking
into consideration our core competence, competitive edges, Central
Government policy direction and most importantly our lessons learned
from our previous ventures in China.
其他服務回顧
年內，主要與
GETS
有關的其他服務為我們的業績作
出穩定貢獻，該等服務包括我們的道路貨物資料系統
（「
ROCARS
」）、為香港海關提供的
ROCARS
電話查詢
中心服務及為紙張
GETS
服務用戶提供紙張轉換電子文
件服務。我們預計來年該等業務的表現會維持穩定。
原計劃作為我們企業對消費者（「
B2C
」）的電子商貿平
台
iTeM
，於年內已從技術層面上及有限度地推出。我
們因應試行的反饋，現進一步優化該平台作準備正式
推出市場。而我們為一家大型國際信用卡營運商推出
以
iTeM
平台包裝為其商戶目錄後，從市場的反饋，
我們需要加強完善該項目。同時，我們的團隊正積極
探尋新的相關舉措作為潛在的業務增長動力。其中一
項舉措是開發具備附加電子物流╱工作流程處理功能
的金融科技產品，我們正與幾個有興趣的合作夥伴就
此開展有關商討。我們有相當信心很快能簽訂首份合
約。確定首個客戶後，我們對此業務持審慎樂觀態
度。
中國回顧
年內，我們中國聯營公司的業務表現平穩。所佔中國
聯營公司業績為港幣
6,600,000
元，大致與二零一四
年的水平相若。年底前，本集團成功完成出售所持國
富瑞股權，錄得收益港幣
12,000,000
元。
二零一五年下半年，上海匯通（在上海提供第四方物
流服務的聯營公司）完成企業重組，涉及增資和深圳
一間主要物流公司成為經營上海匯通第四方物流平台
的附屬公司的新股東。儘管年內已解決由前任管理層
引致廣東南方海岸科技服務有限公司過往的法律問
題，但仍對公司業務及僱員士氣有一定影響，希望影
響只是暫時性。另一方面，上海匯通的重組有望增強
日後業務發展，由於上海匯通不斷投資擴充業務，短
期內我們或須接受該聯營公司帶來的負盈利貢獻。
自出售所持國富瑞股權後，二零一六年我們只剩下三
家中國聯營公司，我們會考慮自身的核心能力、競爭
優勢和中央政府政策方針，尤其是從先前於中國的投
資吸取經驗，深入檢視我們中國的業務。