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貿易通電子貿易有限公司
二零一七年中期報告
11
Management Discussion and Analysis
(Continued)
管理層討論及分析
（續）
其他服務回顧
於回顧期內，我們其他服務的收益由去年港幣
9,500,000
元輕微下降至今年港幣
9,100,000
元，下跌約
4.2%
。雖然
其他
GETS
相關服務業務整體保持穩定，惟一些提供給
GETS
客戶的次要輔助服務量放緩，引至收益輕微下跌。由於報
告期內持續就一些新舉措進行可行性研究產生額外成本，
這個分部的溢利由去年港幣
7,100,000
元下跌
39.4%
至港幣
4,300,000
元。我們預計今年下半年這個分部的營業額穩
定，另一方面因一些研究工作即將完成，投放於新舉措研究
工作的額外成本將會減少，因此我們預期這個分部的表現將
略有改善。
中國聯營公司回顧
於二零一七年上半年，中國聯營公司的整體表現明顯改善，
收益總額為港幣
2,200,000
元，去年同期則分佔虧損港幣
7,500,000
元。正如二零一六年年報所預示，南方於解決過
往的法律問題後，業務穩健復甦。即使上海匯通供應鏈技術
與運營有限公司繼續投資建立客戶群，由於這項投資的賬面
值已悉數撇減為零，我們毋須再分攤其虧損。於今年下半
年，我們預期中國聯營公司的表現保持穩定。
財務回顧
本集團截至二零一七年六月三十日止六個月的收益為港幣
113,100,000
元，較二零一六年港幣
106,400,000
元增加
港幣
6,700,000
元或
6.3%
。
GETS
收益達港幣
83,100,000
元，較二零一六年上半年收益港幣
81,200,000
元高出
2.3%
或港幣
1,900,000
元。增長是由於整體
GETS
市場增長所
致。二零一七上半年的商業服務收益增長強勁，錄得港幣
5,200,000
元，較二零一六年同期港幣
4,000,000
元高出
港幣
1,200,000
元或
30.0%
。回顧期內，保安方案收益為港
幣
15,700,000
元，較二零一六年收益港幣
11,600,000
元
高出港幣
4,100,000
元或
35.3%
。增長源於今年向主要銀
行客戶交付保安編碼器。回顧期內，其他服務收益為港幣
9,100,000
元，較去年同期輕微減少港幣
400,000
元。
回顧期內，本集團的利息收入為港幣
9,700,000
元，較去年
同期增加港幣
200,000
元。
Other Services Review
Revenue from our Other Services during the period under review dropped slightly
from HK$9.5 million last year to HK$9.1 million this year, down about 4.2%.
While our other GETS-related services business generally remained stable, the
slight decline was due to the slowdown of a couple of minor, ancillary services
offered to our GETS customers. As additional costs continued to be incurred
during the reporting period for conducting feasibility study and research of new
initiatives, the profit for this segment at HK$4.3 million was down 39.4% from
the profit last year at HK$7.1 million. For the remainder of the year, we expect
slight improvement with the performance of this segment due to stable turnover
on one hand, and on the other hand, likely less incremental costs to invest on
research work on new initiatives with the imminent completion of some studies.
China Associates Review
The overall performance of our PRC associates for the first half of 2017
improved markedly with a total gain of HK$2.2 million, compared to a share
loss of HK$7.5 million for the same period last year. As foreshadowed in the
2016 Annual Report, Nanfang has a healthy recovery of their business after
settlement of their historical legal issues. Though
上海匯通供應鏈技術與運營
有限公司
has continued their investments on building up their customer base,
we no longer have to share their loss as the carrying value of this investment has
been fully written down to zero. For the remainder of the year, we expect stable
performance for our PRC associates.
Financial Review
The Group’s revenue for the six months ended 30 June 2017 was HK$113.1
million, an increase of HK$6.7 million or 6.3% compared to HK$106.4 million
for 2016. The GETS revenue at HK$83.1 million, was higher than the revenue
for the first half of 2016 at HK$81.2 million by 2.3% or HK$1.9 million.
The increase was due to the overall GETS market growth. The Commercial
Services recorded a strong revenue growth in the first half of 2017 at HK$5.2
million, higher than the same period in 2016 at HK$4.0 million by HK$1.2
million or 30.0%. The revenue of our Security Solutions for the review period
was HK$15.7 million, higher than the revenue in 2016 at HK$11.6 million
by HK$4.1 million or 35.3%. The increase came from the delivery of security
tokens this year for our major bank client. The revenue of Other Services for the
review period was at HK$9.1 million, a slight decline of HK$0.4 million over
the same period last year.
The Group’s interest income was at HK$9.7 million for the review period,
increased by HK$0.2 million as compared to the same period last year.