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Tradelink Electronic Commerce Limited
Annual Report 2017
Management Discussion and Analysis
(Continued)
管理層討論及分析
（續）
Financial Review (Continued)
The Group’s after tax profit for 2017 came to HK$74.1 million, a drop
of 6.5% year-on-year. Ignoring the effect of the deferred tax charge of
HK$2.1 million for 2017 and the deferred tax credit of HK$8.9 million
for 2016, this year’s profit after tax profit increased to HK$76.2 million,
representing a profit growth of 8.4%.
Basic earnings per share for 2017 were HK 9.3 cents, lower than that
for 2016 at HK 9.9 cents by HK 0.6 cents. Diluted earnings per share
for 2017 were also HK 9.3 cents, lower than that for 2016 at HK 9.9
cents by HK 0.6 cents.
Dividend
The Board has recommended a final dividend of HK 6.3 cents per share
for 2017 (2016: HK 6.3 cents per share), which is same as for the year
2016. The proposed final dividend, together with the interim dividend of
HK 3.2 cents per share (2016: HK 2.4 cents per share) paid on 9
October 2017, represents a dividend payout ratio of 99.0% of the
Group’s profit excluding the deferred tax charge of HK$2.1 million.
The proposed final dividend will be submitted to shareholders for
approval at the annual general meeting on 11 May 2018. If approved,
the final dividend will be paid to shareholders whose names appear on
the register of members of the Company on 17 May 2018, on or about
30 May 2018.
The Board reminds shareholders that the Company’s dividend policy
enunciated at the time of our IPO in 2005 is that it will pay no less
than 60% of its distributable profit as dividend. The fact that the
Company has paid out all of its attributable profit in the past and nearly
100% of its profit before charging the deferred tax charge this year
does not mean that the policy has changed.
Liquidity and Financial Position
As at 31 December 2017, the Group had total cash and bank deposits
of HK$84.1 million (2016: HK$44.3 million). The cash increase of
HK$39.8 mainly reflected a drop in our investments in corporate bonds
which were treated as available-for-sale debt securities, from HK$407.1
million as at 31 December 2016 to HK$367.2 million by HK$39.9 million
as at 31 December 2017.
財務回顧（續）
本 集 團 二 零 一 七 年 之 除 稅 後 溢 利 達 港 幣
74,100,000
元，按年下跌
6.5%
。倘不計及二零
一七年的遞延稅項支出影響港幣
2,100,000
元及二
零一六年的遞延稅項抵免港幣
8,900,000
元，則本
年度的除稅後溢利將增至港幣
76,200,000
元，溢
利增長為
8.4%
。
二零一七年之每股基本盈利為
9.3
港仙，較二零
一六年每股
9.9
港仙減少
0.6
港仙。二零一七年之
每股攤薄盈利亦為
9.3
港仙，較二零一六年每股
9.9
港仙減少
0.6
港仙。
股息
董事會建議派付二零一七年末期股息每股
6.3
港
仙（二零一六年：每股
6.3
港仙），與二零一六年相
同。建議末期股息連同於二零一七年十月九日支
付之中期股息每股
3.2
港仙（二零一六年：每股
2.4
港仙）之派息率為本集團溢利（經扣除遞延稅項支
出港幣
2,100,000
元）
99.0%
。
建議末期股息將於二零一八年五月十一日股東週
年大會上提交股東審批。倘獲得批准，末期股息
將於二零一八年五月三十日或前後派付予二零
一八年五月十七日名列本公司股東名冊之股東。
董事會謹此向股東重申本公司於二零零五年首次
公開招股時所闡明之股息政策，即本公司將會分
派不少於可供分派溢利之
60%
作為股息。事實
上，本公司於過去一直分派所有可供分派溢利及
本年度分派本公司扣除遞延稅項支出前溢利之接
近
100%
並不表示股息政策有所改變。
流動資金與財務狀況
於二零一七年十二月三十一日，本集團之現金及
銀行存款總額為港幣
84,100,000
元（二零一六年：
港 幣
44,300,000
元）。現 金 增 加 港 幣
39,800,000
元，主要反映於被視為可供出售債務證券的公司
債券的投資自二零一六年十二月三十一日港幣
407,100,000
元減少港幣
39,900,000
元至二零一七
年十二月三十一日的港幣
367,200,000
元。