Tradelink 2018 Annual Report

Management Discussion and Analysis (Continued) 管理層討論及分析 （續） 13 二零一八年年報 貿易通電子貿易有限公司 Business Review (Continued) E-Commerce Business Review (Continued) The GETS competitive environment in 2018 was at large stable as foreshadowed in the 2018 Interim Report, given that 2018 was the last year of the previous GETS licence and the same three players will continue to provide GETS under the new GETS licence from 2019 to 2024, with possible extension for up to three years. Before the end of 2018, we have successfully completed enhancement of our GETS platform as scheduled for production in compliance with the new GETS licence requirements starting from 2019. Regarding Commercial Services, as foreshadowed in the 2018 Interim Report, we have completed projects which we had slippage in first half of the year, as well as new projects signed up and completed or partially completed to enable revenue recognition at least on a work-in- progress basis before the end of 2018. Together with our growing regular recurrent income, the total revenue for Commercial Services business in 2018 recorded a significant surge. 業務回顧（續） 電子商貿業務回顧（續） 由於二零一八年為上一 GETS 牌照的最後一年，而 新的 GETS 牌照年期將由二零一九年起至二零二四 年（並可能延長牌照多至三年），同時現行三家服 務供應商將於新 GETS 牌照下繼續提供 GETS ，因此 整體而言，如二零一八年中期報告所預示， GETS 於二零一八年的競爭環境穩定。 GETS 平台提升工 程開發事宜已於二零一八年年底前成功完成，並 預計自二零一九年開始投入運作，以符合新 GETS 牌照的規定。 商業服務方面，如二零一八年中期報告所預示， 於上半年出現延誤的項目已告完成，同時已簽約 及完成或大致完成的新項目，讓收益得以於二零 一八年年底前至少確認在進行中。連同不斷增長 的定期經常性收入，商業服務於二零一八年的收 益總額大幅增長。