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06

Tradelink Electronic Commerce Limited

Annual Report 2017

Chairman’s Statement

(Continued)

主席報告書

(續)

Review (Continued)

Regarding the performance of our key business segments in 2017, as

foreshadowed in my statement in the 2017 Interim Report, both

Government Electronic Trading Services (“GETS”) and Security Solutions

continued steady growth in the second half of the year, with revenue

for the former increased by 1.5% and later 35% year-on-year to

HK$169.1 million and HK$40.1 million respectively. With a more

stringent costs control, the segment profit for GETS recorded a

handsome increase of 6.7%; and for Security Solutions, its profit

doubled to HK$5.8 million compared to 2016. For our Commercial

Services segment, the revenue at HK$13.6 million and profit at HK$6

million for the year was down about 12.5% and 14.7% respectively

year-on-year. Though the result of the Commercial Services segment was

unfavourable in 2017, we do not consider that a cause for concern. The

drop of revenue and profit was partly due to the delay of a couple of

projects, previously scheduled for completion before end of 2017, to

2018. Also attributed to the decline of the segment performance was a

new business venture being kicked off by the team in the second half of

2017 with resources already been incurred for the development but

revenue only expected to start coming in earliest in the second half of

2018.

For our other services, as foreshadowed in my statement in the 2017

Interim Report, we recorded a slight improvement on the full year

performance. Though the revenue dropped marginally from HK$19.5

million in 2016 to HK$19.0 million in 2017, the segment profit in 2017

at HK$11.4 million was up 7.1% from HK$10.7 million in 2016. While

our other GETS-related services business remained largely stable, we have

overall incurred less cost not only on those services but also on research

work upon completion of some of our market studies.

Business of our PRC associate, Guangdong Nanfang Haian Science &

Technology Services Company Limited (“Nanfang”) was, as expected,

continuing a steady and healthy recovery in the second half of 2017

since the beginning of the year after the settlement of their previous

legal issues. However due to a change of their accounting estimate

introduced in the second half of the year relating to the useful lives of

the intangible assets, our share of profit from Nanfang at HK$2.4 million

for 2017 was just marginally more than that for the first half of the

year.

回顧(續)

至於二零一七年主要業務分部之表現,正如本人

於二零一七年中期報告主席報告書已預示,政府

電子貿易服務(「

GETS

」)及保安方案均於下半年

持續平穩增長,前者之收益按年上升

1.5%

,而後

者亦增加

35%

,分別達港幣

169,100,000

元及港幣

40,100,000

元。實施更嚴格成本控制下,

GETS

分部溢利錄得顯著上升

6.7%

;而就保安方案而

言,其溢利較二零一六年更翻倍至港幣

5,800,000

元。有 關 商 業 服 務 分 部,年 內 收 益 為 港 幣

13,600,000

元及溢利為港幣

6,000,000

元,分別按

年減少

12.5%

14.7%

。縱然商業服務分部之二

零一七年業績未如理想,但我們認為實毋須憂

慮。導致收益及溢利下跌之原因,部分由於原定

二零一七年年底前完成之數個項目延遲至二零

一八年。另一個引致分部表現下挫原因,是團隊

於二零一七年下半年開展一項新業務,並已投入

資源開發項目,而預期最快二零一八年下半年方

開始錄得項目收入。

誠如本人於二零一七年中期報告之主席報告書所

述,其他服務之全年表現稍有改善。即使收益由

二零一六年港幣

19,500,000

元微跌至二零一七年

港幣

19,000,000

元,二零一七年之分部溢利仍由

二零一六年港幣

10,700,000

元增加

7.1%

至二零

一七年港幣

11,400,000

元。其他

GETS

相關服務大

致維持穩定,我們不僅在該等服務整體產生較少

成本,於若干市場研究完成後,研究工作之成本

亦隨之減少。

一如所料,中國聯營公司廣東南方海岸科技服務

有限公司(「南方」)自年初解決過往法律問題後,

業務於二零一七年下半年持續穩健復甦。然而,

有關無形資產可使用年期之會計政策於下半年有

所變動,二零一七年分佔南方溢利只較上半年略

增,為港幣

2,400,000

元。