貿易通2020 年中報

07 貿易通電子貿易有限公司  二零二零年中期報告 MANAGEMENT DISCUSSION AND ANALYSIS 管理層討論及分析 Business Review E-Commerce Business Review For the first half of 2020, the total revenue of our E-Commerce business comprising GETS and Supply Chain Solutions sub-segments was HK$81.6 million, down 4.0% or HK$3.4 million less than the revenue of HK$85.0 million for the same period last year. Segment profits for the period at HK$25.8 million also dropped 3.7% year-on-year compared to the profits of HK$26.8 million last year. Affected by the sharp global economic contraction and serious disruptions caused by the continued spread of COVID-19 pandemic in various places of the world, the overall GETS market had recorded the steepest decline since the global financial crisis in 2008/09 as it plummeted 9.2% year-on-year for the first half of the year. Revenue generated from our GETS business during the reporting period at HK$72.4 million, was down 9.3% compared to the revenue of HK$79.8 million for the same period last year. As for our Supply Chain Solutions, revenue recorded for this business sub-segment increased significantly by 77.1% to HK$9.2 million for the first half of this year from HK$5.2 million last year. While revenue from the first half of last year was mainly from regular recurrent income and a Warehouse Management System (“WMS”) project with revenue recorded on a work-in-progress basis, revenue this year also included several new projects signed either in the second half of last year or the first half of this year with work-in-progress during the reporting period. For the latter, they included a major enhancement project from one of our existing customers in the retail industry and a new Transportation Management System (“TMS”)/WMS project ordered by a customer in the recycling/environmental protection industry. For this customer, who is one of the government contractors licensed to collect, store and process waste electrical and electronic equipment, we would provide a TMS/WMS to facilitate their pick-up order processing, fleet scheduling, route planning as well as inventory management and reporting of waste items to meet the regulatory requirements. We are pleased to get this reference case demonstrating the versatility of the application of our solutions in a variety of industries and scenarios. Also included in the revenue for the first half of the year was the remaining hardware (which was the 4-way shuttles) ordered for the automated warehouse solution for our major retail chain client. During the reporting period, the automated warehouse solution has commenced operation while the onsite performance tuning of software/hardware continued to meet the committed service level before the formal acceptance of the project, which is expected to be within the second half of the year. The outlook of our GETS business in the second half of the year is bleak as economic conditions remain dire with the COVID-19 pandemic continues to unfold in some places of the world while other places are witnessing fresh waves of infections. Based on the poor trade and related figures released so far this year, Hong Kong’s trade performance will remain under acute pressure in the near term, not to mention another key factor pertaining to the US-China economic and political relations that might affect the business sentiment in Hong Kong. Given there is no sign that the worst is over for the global economic situation, we should be prepared for a pretty dismal year in 2020, in particular for our GETS business. We will strive to implement more stringent cost control measures as far as possible though we are mindful that such cost cutting measures would not undermine our ability to deliver quality services valued by our customers, who are prepared to pay at a premium price. 業務回顧 電子商貿業務回顧 電子商貿業務由 GETS 及供應鏈應用方案兩個子分部組 成。於二零二零年上半年，電子商貿業務總收益為港幣 81,600,000 元，較去年同期的收益港幣 85,000,000 元下跌 4.0% 或港幣 3,400,000 元。期內分部溢利為港幣 25,800,000 元，亦較去年的溢利港幣 26,800,000 元按年下跌 3.7% 。 COVID-19 大流行於全球各地持續擴散，令全球經濟急劇 收縮以及受到嚴重干擾，整體 GETS 市場於上半年按年下 跌 9.2% ，為自二零零八╱零九年環球金融危機以來的最 大跌幅。於報告期內， GETS 業務錄得收益港幣 72,400,000 元，較去年同期的港幣 79,800,000 元收益下跌 9.3% 。 供應鏈應用方案此業務子分部於本年度上半年錄得的收 益顯著增加 77.1% 至港幣 9,200,000 元，而去年則為港幣 5,200,000 元。去年上半年的收益主要來自經常性收入， 以及錄得一個正在進行的倉庫管理系統（「倉庫管理系統」） 項目收益，而今年的收益則加上多項於去年下半年或今 年上半年簽訂，並於報告期內正在進行的新項目。就後 者而言，其中包括為一名現有零售業客戶進行的主要升 級項目，以及來自一名從事回收╱環保行業的客戶訂購 的新運輸管理系統（「運輸管理系統」）╱倉庫管理系統項 目。此客戶為收集、儲存及處理廢電器電子設備的持牌 政府承包商之一，我們向該客戶提供運輸管理系統╱倉 庫管理系統，以助該客戶處理提取訂單、制訂車隊日程、 路線規劃以及存貨管理，並就廢棄品項目提交報告，以 符合法定要求。我們對取得此具參考價值個案感到高興， 顯示我們的應用方案功能的多樣化，可應用於不同行業 及場境。本年度上半年的收益亦包括為我們主要零售連 鎖店客戶的自動化倉庫解決方案訂購的餘下硬件（即四 向穿梭車）。於報告期內，自動化倉庫解決方案已開始運 作，而實地調整軟件╱硬件性能會繼續，預期今年下半 年內可達到承諾的服務水平讓本項目可正式驗收。 COVID-19 大流行繼續於全球若干地方蔓延，同時其他地 方亦出現新一輪感染，經濟狀況依然嚴峻， GETS 業務於 今年下半年前景黯淡。今年迄今公佈的貿易及相關數據 未如理想，香港貿易表現於近期間會繼續承受沉重壓力， 而美中經濟及政治關係亦為可能影響香港營商氣氛的另 一個主要因素。由於未有跡象顯示全球經濟已過最壞情 況，我們應有心理準備，二零二零年將會是表現頗為差 劣的一年，特別是對 GETS 業務而言。我們將在可能範圍 內致力落實更為嚴謹的成本控制措施，但我們亦會注意， 不會讓有關成本控制措施削弱我們提供優質服務的能 力。有關服務為客戶所重視，客戶亦願意為此支付較高 的價格。