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05
二零一七年年報
貿易通電子貿易有限公司
Chairman’s Statement
(Continued)
主席報告書
（續）
Review
The global economy in 2017 performed much better than expected
notwithstanding a number of key uncertainties over the course of the
year with regard to the policies of the new US Administration, the highly
anticipated rate hikes of the US Federal Reserve and the deleveraging of
the China economy. Against such cloudiness in the year, the momentum
in the US economy actually strengthened, the US dollar exchange rate
went down rather than up despite interest rate increasing three times
and China’s economy managed to maintain a steady growth. Benefited
from the global economic growth boosting regional trade flows in Asia
to major economies, it was quite a pleasant year for the Hong Kong
trading community in 2017. With a favourable operating environment in
2017, the Group’s turnover recorded a growth of 4.6% year-on-year
from HK$231.3 million in 2016 to HK$241.8 million in 2017.
As all our other costs increased only marginally, the Group’s operating
profit for 2017 was up 2.4% to HK$94.2 million compared to the
operating profit at HK$91.9 million in 2016. As mentioned in my
statement in the 2017 Interim Report, we had to record an exceptional
impairment loss of about HK$8 million for one corporate bond holding
in our other financial assets for the first half of the year. We did, in the
second half of the year, dispose half of the concerned corporate bond to
lower the exposure. Taking into the account the loss on such a disposal,
the impairment loss on our other financial assets for 2017 was revised
to HK$8.2 million in total. With a share of profit of our PRC associate at
HK$2.4 million in 2017 versus a share loss of HK$10.6 million in 2016,
the Group’s profit before tax was up 8.6% from HK$81.4 million in
2016 to HK$88.3 million in 2017.
Taking into account the recognition of the deferred tax charge arising
from the utilisation of unused tax losses of Digital Trade and
Transportation Network Limited (“DTTNCo”), the Group’s after tax profit
for 2017 at HK$74.1 million was down 6.5% year-on-year. Excluding the
deferred tax charge of DTTNCo, the Group’s after tax profit to
shareholders for 2017 at HK$76.2 million was up 8.4% from HK$70.4
million for 2016.
回顧
儘管整年有諸多不明朗因素，主要涉及美國新政
府政策、美國聯邦儲備局加息機會極高及中國經
濟去槓桿化等，二零一七年之環球經濟實際表現
遠超預期。在這陰霾籠罩的一年，雖然曾三度加
息，美元匯率不升反跌，美國經濟勢頭實際有所
加強，而中國亦能維持穩定增長。受惠於全球經
濟增長，推動亞洲地區貿易流向主要經濟體系，
對香港貿易界而言，二零一七年頗為歡欣的一
年。二零一七年之營商環境利好，本集團錄得營
業額由二零一六年港幣
231,300,000
元按年增長
4.6%
至二零一七年港幣
241,800,000
元。
由於所有其他成本僅輕微上漲，與二零一六年之
經營溢利港幣
91,900,000
元相比，本集團二零
一七年之經營溢利增加
2.4%
至港幣
94,200,000
元。誠如本人於二零一七年中期報告主席報告書
所述，我們於上半年就其他財務資產內持有的一
項企業債券錄得減值虧損約港幣
8,000,000
元。為
減低風險，我們已於下半年出售一半有關企業債
券。經計及出售虧損後，二零一七年其他財務資
產減值虧損修訂為合共港幣
8,200,000
元。我們於
二零一七年分佔中國聯營公司溢利港幣
2,400,000
元，而二零一六年則為分佔虧損港幣
10,600,000
元，本集團之除稅前溢利由二零一六年港幣
81,400,000
元 增 加
8.6%
至 二 零 一 七 年 港 幣
88,300,000
元。
計及使用來自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的遞延稅項
支出，本集團於二零一七年之除稅後溢利為港幣
74,100,000
元按年下跌
6.5%
。倘不計及
DTTNCo
之遞延稅項支出，本集團二零一七年之股東除稅
後溢利則由二零一六年港幣
70,400,000
元增加
8.4%
至港幣
76,200,000
元。
Dear Shareholders,
致各位股東：