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Interim Report 2015
二零一五年中期報告
9
Management Discussion and Analysis
(Continued)
管理層討論及分析
（續）
Apart from this, U-Link’s business during the period continued to expand,
recording an average of 9,000 transactions per month. To enhance the
attractiveness of its platform and to improve loyalty, it launched a logistics
financing service in conjunction with local financial institutions to finance an
early discounted payment of the freight charges of member truckers. The service
has been well received by members and has the support of local authorities.
Financial Review
During the period under review, the Group’s revenue was HK$110.0 million,
a decline of 0.8% year-on-year. The GETS segment revenue fell from HK$85.1
million to HK$80.7 million by about 5% or HK$4.4 million year-on-year.
The revenue drop was attributed to the termination of the TTRS service by the
Government in November 2014, the weak GETS market and the loss one of
our main customers. Our DTTN services recorded a revenue of HK$5.1 million,
drop 15% year-on-year due to the delay in finalizing the technical products for
our customers. The technical issues were resolved and the technical products
were identified. Such projects were scheduled for completion in the second half
of 2015. About our third business segment on security solutions by Digi-Sign and
TESS, the revenue grew strongly by 40% from HK$10.5 million to HK$14.8
million year-on-year due to the increase in the security tokens deliveries for our
major bank client and the completion of E-cheque projects carried down from
the last quarter of 2014.
The Group’s operating expenses before depreciation for the first half of 2015
came to HK$74.2 million, a drop of HK$1.1 million or 1.5% year-on-year. Staff
costs increase was in line with the market inflation so as to retain experienced
IT staff in particular. Additional headcounts were recruited in managing the
delivery of our DTTN services and security solutions projects. Furthermore, the
foreign exchange fluctuation of our RMB-denominated bonds moved from a loss
of HK$2.9 million to a gain of HK$46,000 year-on-year. Depreciation charges
for the period amounted to HK$3.9 million, HK$0.8 million lower than last
year.
The Group’s unaudited profit from operations for the six months ended 30 June
2015 came to HK$39.4 million, 5.5% down year-on-year as the first half result
of 2014 included a one-off net income of HK$3.7 million from switching of our
corporate bonds portfolio. The one-off net income was not incurred this year due
to the high volatility of the bonds prices in the global market in anticipation of
interest rate increase by the US Federal Reserves. Ignoring this one-off net income
in 2014, the profit from operations during the period under review would have
increased by 3.6%.
During the first half of 2015, the results from the Group’s investments in the PRC
associates recorded a net share of profit of HK$3.4 million as compared with
HK$3.0 million last year, an increase of HK$0.4 million year-on-year.
The Group’s unaudited after tax profit for the six months ended 30 June 2015
came to HK$37.0 million, a decline of 2.8% year-on-year. Ignoring the net
income from the switching of our corporate bonds holding last year, this year’s
performance would have grown 7.6% over the same period last year.
此外，期內上海匯通業務持續增長，平均每月錄得
9,000
宗
交易。為提升平台之吸引力及忠誠度，上海匯通與地方金融
機構共同推出物流融資服務，為物流客戶提供融資以便享有
提早支付運費折扣優惠。該服務廣受客戶歡迎且獲得地方機
關支持。
財務回顧
回顧期內，本集團收益為港幣
110,000,000
元，按年減少
0.8%
。
GETS
分部收益由港幣
85,100,000
元按年減少約
5%
或港幣
4,400,000
元至港幣
80,700,000
元，主要是由於二
零一四年十一月政府撤銷
TTRS
服務，
GETS
市場疲弱加上流
失一名主要客戶所致。
DTTN
服務錄得收益港幣
5,100,000
元，因推遲落實客戶技術產品而按年減少
15%
。該技術問
題現已解決亦已指定技術產品，有關項目計劃於二零一五
年下半年完成。
Digi-Sign
及
TESS
資訊保安第三業務分部方
面，收益由港幣
10,500,000
元按年大幅增加
40%
至港幣
14,800,000
元，主要由於主要銀行客戶的保安編碼器交付
量增加，以及二零一四年第四季度開展的電子支票項目已完
成。
本集團二零一五年上半年計算折舊前經營開支為港幣
74,200,000
元，按年下降港幣
1,100,000
元或
1.5%
。僱員
成本隨市場通脹而增加，主要為挽留經驗豐富的資訊科技人
員，另外增聘人員管理
DTTN
服務及保安方案項目的交付。
此外，人民幣債券因外匯波動的變化，按年計算由虧損港幣
2,900,000
元轉為收益港幣
46,000
元。期內折舊開支為港
幣
3,900,000
元，較去年減少港幣
800,000
元。
截至二零一五年六月三十日止六個月，本集團未經審核經營
溢利為港幣
39,400,000
元，較二零一四年上半年業績因轉
換企業債券組合錄得一次性收入淨額港幣
3,700,000
元按年
減少
5.5%
。由於預期美國聯儲局加息導致全球市場債券價
格大幅波動，因此本年度並無上述的一次性收入淨額。倘不
計及二零一四年的一次性收入淨額，回顧期內經營溢利應增
加
3.6%
。
二零一五年上半年，本集團投資於中國聯營公司錄得應佔淨
溢利港幣
3,400,000
元，較去年港幣
3,000,000
元按年增加
港幣
400,000
元。
截至二零一五年六月三十日止六個月，本集團未經審核稅後
溢利為港幣
37,000,000
元，按年下降
2.8%
。倘不計及去年
轉換所持企業債券所得淨收入，本年度表現相比去年同期應
增加
7.6%
。