貿易通2020 年中報

12 Tradelink Electronic Commerce Limited  Interim Report 2020 Management Discussion and Analysis (Continued) 管理層討論及分析 （續） 我們的全資附屬公司 DTTNCo 為其客戶提供電子解決方 案，於二零一九年年底錄得與稅項虧損相關的遞延稅項 資產結餘為港幣 700,000 元。由於 DTTNCo 於本年度繼續產 生溢利，遞延稅項資產已告動用，並於二零二零年上半 年產生遞延稅項支出港幣 400,000 元。 本集團截至二零二零年六月三十日止六個月的未經審核 除 稅 後 溢 利 達 港 幣 20,200,000 元，較 去 年 同 期 減 少 41.0% 。 二零二零年首六個月之每股基本盈利為 2.54 港仙，較二 零一九年同期 4.31 港仙減少 1.77 港仙。二零二零年首六個 月之每股攤薄盈利亦為 2.54 港仙，較二零一九年同期 4.31 港仙減少 1.77 港仙。 股息 董事會已議決向股東宣派截至二零二零年六月三十日止 六個月的中期股息每股 1.95 港仙（二零一九年：每股 3.3 港 仙），減少 40.9% 。中期股息派息率約為本集團期內溢利 （經扣除 DTTNCo 遞延稅項支出港幣 400,000 元）的 75.3% 。 中期股息派息率與過往年度比率相同，約為 75% 。 流動資金與財務狀況 於二零二零年六月三十日，本集團的現金及銀行存款總 額為港幣 260,200,000 元（二零一九年十二月三十一日：港 幣 143,400,000 元）。現金增加港幣 116,800,000 元，主因為 於二零二零年上半年所進行的以下以美元計值債務證券 重大現金交易： (i) 本集團於二零二零年一月及二零二零年三月投資 兩項企業債券，合計金額為港幣 21,800,000 元，於 五年內到期； (ii) 本集團於二零二零年一月投資以美元計值債券基 金，金額為港幣 7,800,000 元，該基金持有超過 70 項平均屬投資級別債務證券，於五年內到期； (iii) 於二零二零年二月到期的企業債券，而本集團已 收取相等於港幣 15,500,000 元的現金所得款項；及 (iv) 本集團於二零二零年三月至二零二零年六月間， 出售八項企業債券。本集團於每名發行人的投資 金額面值不多於 3,000,000 美元，合計相等價值為 港幣 141,700,000 元。出售乃為降低本集團於債券 市場的風險，以減緩債券價格可能大幅波動的風 險。 Our wholly-owned subsidiary, DTTNCo, providing e-solutions to its customers, had a deferred tax asset balance relating to tax loss amounted to HK$0.7 million as at the end of 2019. As DTTNCo continued to generate profit this year, the deferred tax asset was utilized and gave rise to a deferred tax charge of HK$0.4 million for the first half of 2020. The Group’s unaudited after tax profit for the six months ended 30 June 2020 came to HK$20.2 million, a decline of 41.0% over the same period last year. Basic earnings per share for the first six months of 2020 was HK 2.54 cents, lower than that for the same period in 2019 at HK 4.31 cents per share by HK 1.77 cents. Diluted earnings per share for the six months of 2020 was also HK 2.54 cents, lower than that for the same period in 2019 at HK 4.31 cents by HK 1.77 cents. Dividend The Board has resolved to declare an interim dividend of HK 1.95 cents per share (2019: HK 3.3 cents per share) for the six months ended 30 June 2020 to shareholders, a drop of 40.9%. The interim dividend payout ratio is about 75.3% of the Group’s profit for the period excluding the deferred tax charge of DTTNCo at HK$0.4 million. The interim dividend payout ratio is the same as the ratio for the previous years at about 75%. Liquidity and Financial Position As at 30 June 2020, the Group had total cash and bank deposits of HK$260.2 million (31 December 2019: HK$143.4 million). The cash increase of HK$116.8 million was mainly resulted from the following material cash transactions in USD- denominated debt securities during the first half of 2020: (i) The Group invested in two corporate bonds in January 2020 and March 2020 in the aggregate amount of HK$21.8 million with maturity dates less than five years; (ii) The Group invested HK$7.8 million during January 2020 in a USD- denominated bond fund which holds over 70 debt securities of investment grade on average with maturity dates less than five years; (iii) A corporate bond matured in February 2020 and the Group received cash proceeds which equivalent to HK$15.5 million; and (iv) The Group sold eight corporate bonds with the investment amount in each issuer of no more than US$3 million nominal value and the aggregate equivalent amount was HK$141.7 million to lower the Group’s exposure in the bond market to mitigate the risk of potential high volatility of bond price during the period between March 2020 and June 2020.