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Chairman’s Statement

主席報告書

Review (continued)

Should the one-off disposal gain from Guofurui be excluded, our profit

for 2015 would have dropped to HK$69.4 million, down 6.5% from

HK$74.2 million compared to 2014. The drop was primarily attributable

to the shrinkage of our Government Electronic Trading Services (“GETS”)

business. As foreshadowed in the 2015 interim report, due to the

weakness of the overall GETS market which was further worsened by

the loss of one of our major clients and all Textiles Trader Registration

Scheme (“TTRS”) revenue from termination of the scheme by the

Government, our GETS revenue dropped HK$9.0 million to HK$164.8

million in 2015 from HK$173.8 million in 2014. As most of the associated

costs are relatively fixed in running the platform, the GETS profit

recorded in 2015 was HK$47.0 million, a drop of HK$8.0 million year-

on-year. Regarding performance of our other businesses: revenue from

Commercial Services (formerly known as DTTN) recorded a moderate

drop from HK$11.7 million in 2014 to HK$9.7 million in 2015 due to

slippage in the completion of a couple of projects; revenue from Security

Solutions increased from HK$22.5 million in 2014 to HK$29.5 million in

2015 largely as a result of the completion of several e-cheque projects.

Our PRC associates continued steady performance in the second half of

2015, resulting in a total contribution of HK$6.6 million to our bottom line

this year, roughly the same as in 2014. As the disposal of our Guofurui

stake was completed in December 2015, we therefore could continue to

share their profits up to November. This explained the contributions from

our PRC associates did not run into negative territory in second half of the

year as we had expected and stated in our interim report.

回顧(續)

倘若扣除出售國富瑞的一次性收益,我們二零一五年

的溢利應較二零一四年的港幣

74,200,000

元減少

6.5%

至港幣

69,400,000

元,主要是由於我們的政府電子貿

易服務(「

GETS

」)業務縮減所致。二零一五年中期報告

已有提及,整體

GETS

市場低迷,再加上流失一名主要

客戶,以及政府撤銷紡織商登記方案(「

TTRS

」)而損

失所有

TTRS

收入,致使我們的

GETS

收益由二零一四

年的港幣

173,800,000

元減少港幣

9,000,000

元至二零

一五年的港幣

164,800,000

元。由於平台運行的大部

分相關成本相當固定,結果二零一五年錄得

GETS

溢利

港幣

47,000,000

元,較去年同期減少港幣

8,000,000

元。我們其他業務的業績方面:數個項目延期完成

導致二零一五年商業服務(前稱

DTTN

)的收入由二

零一四年的港幣

11,700,000

元略減至港幣

9,700,000

元;二零一五年保安解決方案的收入由二零一四年的

港幣

22,500,000

元增至港幣

29,500,000

元,主要是由

於完成數個電子支票項目所致。

二零一五年下半年,我們的中國聯營公司表現保持

平穩,年內盈利貢獻合共港幣

6,600,000

元,與二零

一四年大致相同。由於二零一五年十二月完成出售國

富瑞股權,因此我們仍可分佔該公司截至十一月的利

潤。說明下半年中國聯營公司的貢獻並非如我們在中

期報告所預期的轉盈為虧。

Tradelink Electronic Commerce Limited

貿易通電子貿易有限公司

6