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Tradelink Electronic Commerce Limited

貿易通電子貿易有限公司

6

Chairman’s Statement

主席報告書

Review (continued)

Regarding our business segments results for 2016, benefited from an overall

growth of the GETS market, our GETS revenue at HK$166.6 million, was

1.1% higher than 2015. With tighter cost control, our GETS profit for 2016

was HK$52.1 million, higher than 2015 at HK$47.0 million by 10.9%.

More remarkably was the growth of Commercial Services as its revenue and

profit grew by 59.8% and 60.5% to HK$15.5 million and HK$6.9 million

respectively. These demonstrated the success of our focus approach to market

by replicating our proven solutions to sell to customers with higher margin.

As for our Security Solutions business in 2016, while we managed to keep

the top line almost the same as 2015, segment profit however dropped to

HK$2.8 million from HK$4.2 million in 2015 due to the continued delay of

the mobile/smart Point-of-Sales (“PoS”) projects as well as the costs incurred

in the research and development of our biometric solutions. Other Services

segment revenue recorded a moderate increase of HK$0.8 million. However

due to additional costs incurred in conducting feasibility of new opportunities,

this segment profit dropped from HK$13.7 million in 2015 to HK$10.7 million

in 2016.

As for the results of our PRC associates, adversely affected by the continued

unsatisfactory result of our fourth-party logistics joint venture,

上海匯通供應鏈

技術與運營有限公司

(“U-Link”) and the exceptional legal cost for settlement

of Guangdong Nanfang Haian Science & Technology Service Company Limited

(“Nanfang”)’s historical problem in 2016, the total share of losses of associates

recorded in 2016 was HK$10.6 million.

回顧(續)

至於我們二零一六年之業務分部業績,受惠於

GETS

市場整

體增長,

GETS

收益為港幣

166,600,000

元,較二零一五年高

1.1%

。在更嚴緊的成本控制下,二零一六年之

GETS

溢利

為港幣

52,100,000

元,較二零一五年港幣

47,000,000

元增

10.9%

。商業服務增長更為顯著,其收益及溢利分別增長

59.8%

60.5%

至港幣

15,500,000

元及港幣

6,900,000

元,

這見證我們採取專注策略,複製我們的可靠方案售予客戶

以獲取較高利潤,取得成功。至於保安方案業務方面,我

們能夠維持二零一六年收益大致與二零一五年相若,但由於

流動╱智能銷售點(「銷售點」)項目持續延誤及研發生物認證

解決方案所產生的成本,於二零一六年,此分部溢利從二零

一五年之港幣

4,200,000

元下跌至港幣

2,800,000

元。其他服

務分部收益錄得溫和增長港幣

800,000

元。然而,就新商機

進行可行性研究產生額外成本,故此該分部溢利由二零一五

年之港幣

13,700,000

元下跌至二零一六年之港幣

10,700,000

元。

第四方物流聯營公司上海匯通供應鏈技術與運營有限公司

(「上海匯通」)業績持續欠佳及廣東南方海岸科技服務有限公

司(「南方」)就過往法律問題作出和解之費用,拖累我們中國

聯營公司之業績,二零一六年總計應佔聯營公司虧損為港幣

10,600,000

元。