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二零一七年年報
貿易通電子貿易有限公司
Management Discussion and Analysis
(Continued)
管理層討論及分析
（續）
Business Review (Continued)
Other Services Review
Our other services include primarily our GETS-related services such as our
own Road Cargo Service (“ROCARS”), outsourced call centre services for
Customs and Excise Department’s (“C&ED’s”) ROCARS and paper-to-
electronic conversion services for our GETS paper users. Revenue from
our Other Services in 2017 at HK$19 million dropped slightly by 2.3%
from HK$19.5 million in 2016, but profit for the year was actually up
7.1% year-on-year to HK$11.4 million compared to the 2016 profit at
HK$10.7 million. The profit increase was due to that fact that while on
one hand our costs to provide the other services were largely stable, on
the other hand, we have incurred less cost in 2017 as research and
feasibility studies of some new initiatives which we started in 2016 were
concluded during the year.
For the outsourcing arrangement with C&ED for operating call centre
services for their ROCARS, we are pleased that we have successfully
been awarded a new 3-year contract commencing January 2018
extendable for one more year at C&ED’s option. That part of the
revenue of our Other Services can therefore continue in coming years.
Given our existing Other Services primarily are all GETS-related, we
expect the performance of this business segment continue to be stable
in 2018. That said, should our Smart PoS business be moved to group
under this segment as practical considerations may warrant in 2018, its
performance might be affected and hopefully only slightly.
Investment in PRC Associates Review
As the carrying value of our investment in U-Link has already been fully
written down to zero by end of 2016, as mentioned in our 2017 Interim
Report we no longer have to share their results in 2017. As such the
performance of our PRC associates in 2017 referred only to Nanfang, our
major associate in China. Our total share of result of Nanfang in 2017
was a gain of HK$2.4 million compared to a total share loss of HK$10.6
million from our PRC associates in 2016. Though apparently the Nanfang
performance for 2017 was not that impressive given we have already
recorded a share gain of their result in first half of the year of HK$2.2
million, their business has indeed been undergoing solid growth in the
course of the year with better than expected increase in revenue. Their
result in 2017 was affected by a change of their accounting estimate
made in the second half of the year causing a significant surge of their
costs which they needed to account for the year.
業務回顧（續）
其他服務回顧
其他服務主要包括
GETS
相關服務，如我們本身
之道路貨物資料系統
(
「
ROCARS
」
)
、為香港海
關（「香港海關」）
ROCARS
提供之電話查詢中心
服務及為
GETS
紙張用戶提供紙張轉換電子文
件服務。於二零一七年，其他服務收益自二零
一六年港幣
19,500,000
元輕微下跌
2.3%
至港幣
19,000,000
元，但年度溢利則較二零一六年的溢
利港幣
10,700,000
元實則按年增加
7.1%
至港幣
11,400,000
元。溢利增加之原因是一方面提供其
他服務的成本大致穩定，而另一方面，我們於二
零一六年開始就若干新舉措進行調查及可行性研
究已於年內完成，令二零一七年較少這些成本。
就我們為香港海關
ROCARS
提供之外判電話查詢
中心服務安排而言，我們欣然成功獲發一份為期
三年的新合約，自二零一八年一月生效，香港海
關可酌情延長一年，因此，於未來數年來自這方
面的其他服務收益可持續。由於現時其他服務均
主要與
GETS
有關，我們預期此業務分部的表現於
二零一八年維持穩定。不過，倘於二零一八年我
們因實際考量而將智能銷售點業務納入此分部，
業務表現或會受到影響，希望影響僅屬輕微。
投資中國聯營公司回顧
誠如二零一七年中期報告所述，由於二零一六年
年底前，我們於上海匯通的投資賬面值已悉數撇
減至零，我們於二零一七年不再分佔其業績。因
此，二零一七年中國聯營公司表現僅指我們的中
國主要聯營公司南方。二零一七年總計分佔南方
業績為收益港幣
2,400,000
元，而二零一六年則為
總計分佔中國聯營公司虧損港幣
10,600,000
元。
縱然二零一七年南方的表現看似不甚突出，這是
因為我們已於上半年錄得分佔該公司業績收益港
幣
2,200,000
元，而事實上業務於年內確有穩健增
長，收益較預期更好。但該公司於下半年有會計
估計變動，導致年內需計入的成本大幅上升，令
其二零一七年業績受影響。