Tradelink 2018 Annual Report

Management Discussion and Analysis (Continued) 管理層討論及分析 （續） 17 二零一八年年報 貿易通電子貿易有限公司 Business Review (Continued) Identity Management (“IDM”) Business Review Continuing the favorable performance in the first half of the year, our IDM business for 2018 recorded a strong growth of 42.9% in terms of revenue year-on-year, from HK$40.1 million in 2017 to HK$57.3 million in 2018. The top line increase of the business segment is extremely encouraging, priding a compound annual growth of about 39.0% for two years since 2016 when the revenue recorded then was a little less than HK$30.0 million. Indeed, the business has seen a faster year-on- year revenue growth, 42.9% in 2018 relative to 2017 and that in 2017 relative to 2016 was 35.0%. Profit made by the business segment also surged from HK$5.8 million in 2017 to HK$7.6 million in 2018, up almost 29.9%. As foreshadowed in the 2018 Interim Report, development of several major projects with work commenced in the first half year was completed in the second half year. Those major undertakings included a biometric project for a banking subsidiary of a major Taiwanese financial institution, two biometric/two-factor authentication (“2FA”) solutions for two local banks, an eKYC project similar to the one delivered in first half of 2018 for another major international bank. During the reporting period, we have also delivered further enhancement of the eKYC/ biometric solution in phases required by our major bank customer to support extended scope of applications of the solution we deployed for the customer a year ago. Benefiting from the growing demand for online transactions and paperless solutions, our secure 2FA biometric solutions used prevalently in the banking industry have started penetrating into a variety of industries. Apart from a Public Key Infrastructure solution for digital signing implemented for a private hospital in the first half of 2018, a biometric solution was delivered to a non-profit making organisation with entertainment as one of its core businesses and a biometric authentication solution was deployed for a regulatory body. Also, as mentioned in our 2018 Interim Report, the 2FA biometric cloud-based service was launched in April 2018 for securities companies to authenticate the identity of end-users of their online services. Several securities companies have subscribed for the service since, generating steady recurring revenues for our business. 業務回顧（續） 身份管理（「身份管理」）業務回顧 延續二零一八年上半年良好的業績，我們的身份 管理業務收益錄得按年大幅增長 42.9% ，由二零 一七年港幣 40,100,000 元增加至二零一八年港幣 57,300,000 元。此業務分部的增長令人非常鼓 舞，從 二 零 一 六 年 收 益 錄 得 略 少 於 港 幣 30,000,000 元，兩 年 來 維 持 複 合 年 增 長 達 39.0% 。事實上，我們二零一八年收益較二零 一七年增加 42.9% ，高於二零一七年較二零一六 年增加的 35.0% ，可見我們的按年收益增長有所 上升。此業務分部的溢利亦由二零一七年港幣 5,800,000 元 大 幅 上 升 至 二 零 一 八 年 港 幣 7,600,000 元，增幅接近 29.9% 。 如二零一八年中期報告所提述，我們已於本年度 下半年成功完成開發多項自本年度上半年動工的 項目。有關項目包括一間主要台灣金融機構下銀 行附屬公司的生物認證項目、兩間本地銀行的雙 重生物╱雙重認證（「雙重認證」）解決方案及一個 電子化認識你的客戶項目，後者與二零一八年上 半年提供給另一間主要國際銀行的方案相若。於 報告期內，我們亦已回應我們主要銀行客戶的要 求，分階段進一步優化電子化認識你的客戶╱生 物認證解決方案，以支援我們往年提供予有關銀 行的解決方案的延伸應用範疇。受惠於網上交易 及無紙化解決方案的需求增加，雙重認證生物認 證解決方案已成功由銀行業界擴展至多種行業類 別。除於二零一八年上半年，向一家私家醫院提 供簽署數碼證書的公開密碼匙基礎建設解決方案 外，我們已為一非牟利機構提供生物認證解決方 案，有關機構其中一項核心業務為娛樂服務，我 們並為一間監管機構提供生物認證解決方案。此 外，如二零一八年中期報告所提述，我們於二零 一八年四月為證券公司推出的生物識別雙重認證 雲端服務，為其終端用戶使用網上服務時驗證身 份。我們已接獲多間證券公司的訂購，並從而獲 得穩定持續的經常性收益。