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Interim Report 2015
二零一五年中期報告
5
Chairman’s Statement
(Continued)
主席報告書
（續）
Our PRC associates also continued to perform during the period, contributing
about HK$3 million as our share of their profits, roughly equal to last year.
This revenue is, however, expected to be eroded by the disposal of our stake
in China International Data Systems Co., Ltd (“Guofurui”), the data center in
Beijing. As announced earlier, we succeeded in selling our Guofurui stake with
the signing of the agreement on 13 July 2015 to dispose of our 25.17% for
RMB85 million. As completion is expected during the second half of this year,
we will not share its profits during the second half of the year. This could turn
contributions from our PRC associates into negative territory during the remainder
of this year as we expect our share of losses at
上海匯通供應鏈技術與運營有
限公司
(“U-Link”) to increase as its costs rise with its effort to expand and market
its services in earnest. Much will, however, depend on U-Link’s performance
after completion of its current restructuring exercise, involving the acquisition
of the third largest logistics company in Shenzhen, with an annual turnover in
excess of RMB200 million, and the injection of RMB43 million for a 20% stake
in U-Link’s operating subsidiary by one of the leading private equity firms in
Shenzhen. This uncertainty is, however, expected to last only for a short period as
the restructuring exercise will undoubtedly strengthen U-Link’s performance going
forward.
In any case, the expectations of a poorer contribution from our PRC associates
during the second half of 2015 is unlikely to affect our results for the year as
the sizeable profit from the Guofurui stake disposal will cover the likely shortfall
many times over.
With our prospects remaining positive, I have no hesitation in recommending an
interim dividend of HK 3.6 cents per share for the first half of 2015, the same as
last year, representing a 77% payout of our distributable profits for the period.
Dr. LEE Nai Shee, Harry,
S.B.S., J.P.
Chairman
Hong Kong, 25 August 2015
我們的中國聯營公司表現持續向好，期內所佔其溢利約港幣
3,000,000
元，與去年相若。然而，上述收入預計會因出售
所持北京數據中心國富瑞數據系統有限公司（「國富瑞」）的
股權而減少。按早前所公佈，我們於二零一五年七月十三
日簽訂協議，以人民幣
85,000,000
元成功出售所持國富瑞
25.17%
股權。預計交易於下半年完成，因此我們於下半年
不會分佔其溢利，而上海匯通供應鏈技術與運營有限公司
（「上海匯通」）將投入更多成本全力擴展及推廣其服務，故預
計我們分佔上海匯通的虧損有所增加，致使下半年來自中國
聯營公司的貢獻會由盈轉虧。然而，日後將主要依賴上海匯
通完成現行重組後的表現，有關重組包括收購每年營業額超
過人民幣
200,000,000
元的深圳第三大物流公司，以及深
圳一家主要私募基金公司注資人民幣
43,000,000
元收購上
海匯通所營運的附屬公司
20%
權益。重組肯定會加強上海匯
通未來的表現，故預期以上不明朗因素僅屬暫時性。
無論如何，預期二零一五年下半年中國聯營公司的貢獻將會
轉差，但對我們的全年業績影響不大，因為出售國富瑞股權
的利潤可觀，可以數倍計彌補可能出現的跌幅。
我對集團發展前景維持樂觀，因此建議派發二零一五年上半
年中期股息每股
3.6
港仙，與去年相等，相當於期內可分派
溢利的
77%
。
主席
李乃熺博士
，
S.B.S., J.P.
香港，二零一五年八月二十五日