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Tradelink Electronic Commerce Limited
貿易通電子貿易有限公司
Chairman’s Statement
主席報告書
致各位股東：
今年上半年，本集團面對混雜的經營環境，一方面政府電子
貿易服務（「
GETS
」）市場整體表現稍有改善，另一方面整體
全球經濟仍然疲弱，影響我們其他業務。這些因素綜合起來
導致我們的營業額略減，由去年上半年港幣
110,000,000
元跌至今年同期港幣
106,400,000
元。由於有出售我們所
持國富瑞數據系統有限公司（「國富瑞」）股權所得收益加入作
投資，期內利息收入達港幣
9,500,000
元，較去年同期高出
23.4%
。儘管我們的營運成本總額保持在港幣
78,200,000
元，與去年水平相若，但我們於二零一六年上半年的經營溢
利為港幣
37,400,000
元，較去年同期港幣
39,400,000
元
減少
5.1%
。
一如本人於二零一五年年報主席報告書所料，中國聯營公司
期內表現令人失望，當中我們所佔業績轉盈為虧，由去年港
幣
3,400,000
元收益轉為本年度港幣
7,500,000
元虧損。除
了於去年十二月出售國富瑞後不再分佔其溢利外，我們於中
國的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」）亦因目前仍處於投資階段而持續錄得虧損，
而廣東南方海岸科技服務有限公司（「南方」）則須就過往的法
律問題作出和解撥備。
計入所佔聯營公司業績及確認數碼貿易運輸網絡有限公
司（「
DTTNCo
」）未動用稅項虧損所產生遞延稅項抵免，本
集團於二零一六年上半年的稅後溢利將減少
0.8%
至港幣
36,700,000
元。
鑒於目前經濟不景，我們的主要客戶就新舉措及項目作出決
策時更為謹慎，對我們的收益增長造成影響，而淨溢利下跌
主要是我們的中國聯營公司業績欠佳所致。
展望於二零一六年下半年，面對英國脫歐及其他潛在後續變
動直接及間接地造成更多不明朗因素，預期我們的經營環境
亦會不穩定。儘管如此，由於政府已正式確定延長我們目
前的
GETS
牌照至二零一八年，為
GETS
業務締造穩定的前景
及競爭形勢，加上商業服務及保安方案穩固及優質的銷售機
會，以及採用生物認證支援銀行服務的新舉措，我們對今年
餘下時間的經營業績仍有相當信心。雖然我們中國聯營公司
的業績於下半年仍繼續不如理想，但我們相信，平穩的經營
表現將有助彌補其預期虧損。
Dear Shareholders,
The Group’s operating environment during the first half of this year was mixed,
with a marginally better overall Government Electronic Trading Services (“GETS”)
market on the one hand, but a generally weak global economy affecting our
other business segments on the other hand. These combined together resulted in
a slight drop of our revenue from HK$110.0 million recorded for the first half of
last year to HK$106.4 million for the same period this year. With the addition
of the proceeds from the sale of our stake in the China International Data
Systems Co., Ltd (“Guofurui”) for investment, our interest income for the period at
HK$9.5 million, was up 23.4% on the same period last year. While keeping
our total operating costs at HK$78.2 million, almost the same level as last year,
our profit from operations for the first half of 2016 was HK$37.4 million, lower
than the same period last year at HK$39.4 million by 5.1%.
As foreshadowed in my statement in the 2015 Annual Report, our PRC associates’
performance for the period was disappointing as our share of their results turned
around from a gain of HK$3.4 million last year to a loss of HK$7.5 million this
year. Apart from the fact that we could no longer share the Guofurui’s profits
after our disposal in December last year, our fourth-party logistics joint venture
in the PRC,
上海匯通供應鏈技術與運營有限公司
(“U-Link”), continued to suffer
loss as they currently are still at investment phase while Guangdong Nanfang
Haian Science & Technology Service Company Limited (“Nanfang”) has to
make provisions for settlement of their historical legal problems.
Including the share of results from associates and the recognition of the deferred
tax credit arising from the unused tax losses of Digital Trade and Transportation
Network Limited (“DTTNCo”), the Group’s after-tax profit for the first half of
2016 was down 0.8% to HK$36.7 million.
Given the current gloomy economic sentiment causing our major clients to
become more rigorous in making decisions on new initiatives and projects hence
affecting our top line, the decline of our net profit was mainly due to the poor
results of our PRC associates.
As regards our prospects for the second half of 2016, the operating
environment is expected to be uneasy as more uncertainties of the global
economy is envisaged due to, directly and indirectly, Brexit and other likely
consequential changes. That said, with a stable GETS business outlook and
competitive landscape as Government formally confirmed extension of our
current GETS licence to 2018 and our solid, healthy sales pipelines for our
Commercial Services and Security Solutions as well as our new initiatives
supporting biometric authentications for banking services, we are reasonably
confident about our operating results for the remainder of the year. Though the
unsatisfactory results of our PRC associates will continue in the second half of the
year, we believe our steady operating results could help to cover somewhat the
expected loss.