貿易通 2020 年年報

Management Discussion and Analysis (Continued) 管理層討論及分析（續） 28 Tradelink Electronic Commerce Limited Annual Report 2020 業務回顧（續） 投資中國聯營公司回顧 於二零二零年，中國主要聯營公司南方的業務依 然處於虧損，持續自二零一九年下半年開始的下 跌趨勢。我們於二零二零年分佔的業績為虧損港 幣 1,400,000 元，而二零一九年則為分佔收益港幣 800,000 元，變動額為港幣 2,200,000 元。我們於上 半年分佔虧損為港幣 2,200,000 元，較二零二零年 全年的分佔虧損多，如此看來，南方下半年的業 績實際上是略有改善的。與二零一九年同期港幣 3,600,000 元相比，二零二零年上半年分佔業績變 動額比整年更高。 雖然二零二零年下半年仍錄得赤字，透過額外收 入及實施嚴格成本控制措施，南方的虧損幅度得 以收窄。額外收入來自數個先前結轉項目、數個 年底前竣工的新政府項目，以及中央政府為緩解 COVID-19 引致企業困境所授出多項補貼資助。就 成本而言，喪失最具盈利能力的小船艙單報關服 務已使業務萎縮，加上 COVID-19 夾擊，彼等於二 零二零年實施嚴謹措施控制成本，包括裁減人 手。員工人數削減近半，當中主要包括過往參與 小船艙單報關服務及一些負責研發的冗餘員工。 Business Review (Continued) Investment in PRC Associate Review In 2020, business of Nanfang, our major associate in China continued to run at a loss, thus continuing a downward trend that commenced since the second half of 2019. Our share of loss from its results amounted to HK$1.4 million in 2020 compared to a share of gain of HK$0.8 million in 2019, representing a swing of HK$2.2 million. The second half results of Nanfang actually improved slightly as our share of loss in the first half was HK$2.2 million, which is more than the share of loss for the entire 2020 year. The swing of our share of its results for the first half of 2020, when compared to the same period in 2019 at HK$3.6 million, was higher than the swing for the whole year. Though still running in the red in the second half of 2020, Nanfang managed to narrow their loss through additional income received and stringent cost control measures implemented. Additional income came from several previously carried forward projects and a few new Government projects completed before the end of the year, as well as various subsidies granted by the Central Government to relief businesses in difficulties resulting from the COVID-19 pandemic. On the cost side, impacted by an already shrinking business due to the loss of its most profitable river manifest declaration service and compounded by COVID-19, they have implemented strict measures to control costs, including the downsizing of their workforce in 2020. Staff numbers have been reduced by almost one half, with staff made redundant consisting mainly of those who previously were involved in the river manifest declaration service as well as some research and development staff.