Tradelink 2019 Annual Report

Chairman’s Statement (Continued) 主席報告書 （續） Tradelink Electronic Commerce Limited Annual Report 2019 06 Review (Continued) Unfortunately, we needed to make a provision of HK$1.3 million for the impairment loss for the portfolio of corporate bonds holding in our other financial assets and another provision of HK$4.5 million to write down part of our investment in our major PRC associate. With these provisions and together with the reduction of the share of our PRC results, our profits before tax in 2019 at HK$96.2 million was down 9.4% from HK$106.2 million in 2018. Taking into account the recognition of the deferred tax charge arising from utilisation of the unused tax losses of Digital Trade and Transportation Network Limited (“DTTNCo”) and the enhanced tax deductions for certain expenses incurred in relation to our research and development activities, the Group’s after tax profit for 2019 was HK$82.2 million, down 8.4% from HK$89.8 million for 2018, a slight improvement over the first half net profit drop of 10.7%. Regarding the performance of our three business segments in 2019, except E-Commerce which was directly and badly hit by the weakened Hong Kong economy and inevitably also adversely affected, the other two business segments, namely Identity Management (“IDM”) and Other Services, both recorded pleasing results. As I mentioned in my statement in the 2019 Interim Report, we were able to compensate for the shortfall of our IDM business from the first half of the year and achieve overall positive results for the full year in this segment. Segment profit of our IDM business increased significantly by 40.0% from HK$7.6 million in 2018 to HK$10.6 million in 2019. Though the top line was slightly down 2.6% from HK$57.3 million in 2018 to HK$55.8 million in 2019, the segment profit increased due to our shift to higher margin projects and the decline of our low margin security token delivery services business. During the reporting period, we have completed almost all orders carried forward from 2018 for our two-factor biometric authentication (“2FA”) solutions used by banks or major corporations for identification verification of their clients for conducting online transactions and/or Know-Your-Customer (“KYC”) checks of their client for mobile bank account opening. During the year, we have received several sizable orders for our electronic Know-Your-Customer (“eKYC”) solutions from new customers for which development work have been underway. We are particularly happy that in addition to our traditional bank customers, we have new customers who are virtual banks, insurance company and Stored Value Facilities (”SVF”) licensees. 回顧（續） 可惜的是，我們須就其他財務資產持有的企業債 券組合減值虧損計提撥備港幣 1,300,000 元及就撇 減主要中國聯營公司部分投資計提另一筆撥備港 幣 4,500,000 元。該等撥備連同分佔我們的中國業 績 減 少，二 零 一 九 年 的 除 稅 前 溢 利 為 港 幣 96,200,000 元，較二零一八年的港幣 106,200,000 元下跌 9.4% 。計及使用來自確認數碼貿易運輸網 絡有限公司（「 DTTNCo 」）未動用稅項虧損所產生 的遞延稅項支出以及研究及開發活動產生的若干 開支的稅務減免增加，本集團二零一九年的除稅 後溢利為港幣 82,200,000 元，較二零一八年的港 幣 89,800,000 元下跌 8.4% ，較上半年溢利淨額減 少 10.7% ，略有改善。 於二零一九年，三個業務部門表現中，除電子商 貿直接嚴重受到香港經濟疲弱打擊以至無可避免 地遭受不利影響外，另外兩個業務部門，即身份 管理（「身份管理」）及其他服務，均錄得令人欣喜 的業績。誠如本人於二零一九年中期報告的報告 書所述，我們可填補身份管理業務上半年的不 足，並驅使此分部全年整體業績向好。身份管理 業務的分部溢利自二零一八年的港幣 7,600,000 元 大幅增加 40.0% 至二零一九年的港幣 10,600,000 元。雖然收益自二零一八年的港幣 57,300,000 元 略跌 2.6% 至二零一九年的港幣 55,800,000 元，分 部溢利增加乃由於我們轉移至高溢利項目及低溢 利保安編碼器交付服務業務減少所致。於報告期 內，我們近乎已完成自二零一八年結轉的所有訂 單，該等訂單有關銀行或主要機構用於客戶進行 線上交易的身份核證及╱或對其客戶在開立流動 銀行賬戶時進行認識你的客戶（「認識你的客戶」） 的雙重生物認證（「雙重認證」）解決方案。年內， 我們自新客戶接獲多項大型電子化認識你的客戶 （「電子化認識你的客戶」）解決方案訂單，且開發 工作已在進行中。除傳統銀行客戶外，我們尤其 高興有新客戶，彼等為虛擬銀行、保險公司及儲 值支付工具（「儲值支付工具」）持牌人。