Tradelink 2018 Interim Report

06 Tradelink Electronic Commerce Limited  Interim Report 2018 Chairman’s Statement (Continued) 主席報告書 （續） The performance of our three re-grouped business segments all recorded growth during the reporting period. Particularly impressive was our IDM business which recorded a revenue increase of 72.5% from HK$15.7 million last year to HK$27.0 million; whereas segment profit also increased by 66.8% from HK$3.0 million last year to HK$4.9 million this year. While the turnover of our E-Commerce business for first half of the year at HK$88.3 million was almost at the same level as last year, segment profit indeed increased from HK$26.0 million last year to HK$27.9 million this year, up 7.0% due to better cost management. Other Services also recorded revenue and profit growth from HK$9.1 million and HK$4.3 million last year to HK$9.8 million and HK$6.2 million this year; up 7.0% and 45.4% respectively. In terms of our business outlook for the remainder of the year, while we are reasonably confident given the year-to-date performance and the business trends, we are also cautious about the continued developments of the trade conflict between China and the US. As revealed by various trade associations and Government officials, there are anxiety and concerns on the order situation in the latter half of the year. Our E-Commerce business which ties closely to Hong Kong trade would not be exempted from this hit. We would stay vigilant about the development of this trade war and assess how it might affect our E-Commerce business, in particular GETS which would be on the forefront of the hit, probably starting in the later part of the year. Aside from this wider issue, we actually are rather optimistic with our IDM business as riding on the growth momentum from first half of the year, we have already secured several major orders on hand for our biometric solutions/eKYC solutions from renowned organizations including major banks and a regulatory body. Lastly, it is worth noting that a new accounting standard on financial instruments has come into effect starting this year. Based on this new standard which requires an ongoing measurement of credit risk associated with financial assets, we decided to make a provision for potential impairment loss for the portfolio of corporate bond holdings and trade receivables at HK$1.8 million net of tax to the opening balance of the Group’s distributable reserves as at 1 January 2018. Overall speaking, I am cautiously optimistic with our performance for the remainder of the year. I therefore have no hesitation in recommending an interim dividend of HK 3.5 cents per share for the first half of 2018, an increase of 9.4% over last year. This represents about 73.9% payout of our profit for the period of HK$37.6 million after excluding the deferred tax charge of Digital Trade and Transportation Network Limited (“DTTNCo”) at HK$1.1 million and taking into consideration the adjustment to the opening distributable reserve of HK$1.8 million upon the initial application of the new accounting standard. Dr. LEE Nai Shee, Harry , S.B.S., J.P. Chairman Hong Kong, 28 August 2018 三項經重組業務分部業績均於報告期內錄得增長，當中 以身份管理業務尤為出色，收益由去年的港幣 15,700,000 元增長 72.5% 至港幣 27,000,000 元；分部溢利亦由去年的 港幣 3,000,000 元上升 66.8% 至今年的港幣 4,900,000 元。 電子商貿業務於本年上半年的營業額為港幣 88,300,000 元，與去年的水平相若，由於實施更有效的成本管理， 分部溢利由去年的港幣 26,000,000 元增至今年的港幣 27,900,000 元，升幅為 7.0% 。其他服務的收益及溢利亦 告增長，分別由去年的港幣 9,100,000 元及港幣 4,300,000 元增至今年的港幣 9,800,000 元及港幣 6,200,000 元，升幅 分別為 7.0% 及 45.4% 。 有鑒本年至今的表現及業務趨勢，我們對本年餘下時間 的業務前景充滿信心，不過我們亦審慎注視中美貿易衝 突的持續發展情況。多個商會及政府官員已表示對今年 下半年的訂單狀況感到憂慮。我們的電子商貿業務與香 港貿易情況息息相關，勢不能幸免受此影響。我們將對 這場貿易戰的發展保持警覺，並就其對電子商貿業務的 影響程度進行評估，當中以 GETS 首當其衝，而這些影響 可能於本年稍後時間浮現。除此牽涉較宏觀的因素外， 實際上，我們對身份管理業務相當樂觀，原因是憑藉今 年上半年的增長動力，我們已接獲多份生物認證╱電子 化認識你的客戶解決方案的訂單，當中包括一些主要銀 行及一間監管機構等知名機構。 最後，我們必須一提於本年初開始生效的金融工具新會 計準則。此新準則要求對財務資產相關的信貸風險進行 持續評估，據此，我們已決定於二零一八年一月一日本 集團可分派儲備年初結餘中，就持有的企業債券之組合 以及應收賬款，撥備扣除稅項後潛在減值虧損港幣 1,800,000 元。 整體而言，本人對我們下半年的表現維持審慎樂觀。因 此，本人欣然建議派發二零一八年上半年的中期股息每 股 3.5 港仙，較去年增加 9.4% 。此相當於分派期內溢利港 幣 37,600,000 元約 73.9% （撇除數碼貿易運輸網絡有限公 司（「 DTTNCo 」）遞延稅項支出港幣 1,100,000 元，並考慮到 於初次應用新會計準則後對年初可供分派儲備計提的調 整港幣 1,800,000 元）。 主席 李乃熺博士， S.B.S., J.P. 香港，二零一八年八月二十八日