Group 1 - The company Trade通 (00536) announced a mid-term dividend of HKD 0.037 per share for the six months ending June 30, 2025, to be distributed on October 8, 2025 [1]

Core Viewpoint - Trade通 (00536.HK) expects a revenue decline of 1.3% to HKD 121 million for the six months ending June 30, 2025, while the unaudited profit after tax is projected to increase by 2.7% to HKD 41.8 million [1] Group 1 - The company anticipates a revenue decrease of 1.3% to HKD 121 million for the first half of 2025 [1] - The unaudited profit after tax for the same period is expected to rise by 2.7% to HKD 41.8 million [1] - The board has declared an interim dividend of HKD 0.037 per share [1]

EF001 免責聲明 | 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因 | | | --- | --- | | 公告全部或任何部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 | | | 股票發行人現金股息公告 | | | 發行人名稱 | 貿易通電子貿易有限公司 | | 股份代號 | 00536 | | 多櫃檯股份代號及貨幣 | 不適用 | | 相關股份代號及名稱 | 不適用 | | 公告標題 | 截至二零二五年六月三十日止六個月的中期股息 | | 公告日期 | 2025年8月19日 | | 公告狀態 | 新公告 | | 股息信息 | | | 股息類型 | 中期（半年期） | | 股息性質 | 普通股息 | | 財政年末 | 2025年12月31日 | | 宣派股息的報告期末 | 2025年6月30日 | | 宣派股息 | 每 股 0.037 HKD | | 股東批准日期 | 不適用 | | 香港過戶登記處相關信息 | | | 派息金額及公司預設派發貨幣 | 每 股 0.037 HKD | | 匯率 | 1 HKD ...

[Financial Highlights](index=1&type=section&id=Financial%20Highlights) [Consolidated Statement of Profit or Loss](index=1&type=section&id=Consolidated%20Statement%20of%20Profit%20or%20Loss) For H1 2025, revenue slightly decreased to HKD 121 million, but net profit increased 2.7% to HKD 41.77 million, with basic EPS at 5.26 HK cents Consolidated Statement of Profit or Loss Summary (For the Six Months Ended June 30) | Indicator | 2025 (HKD thousands) | 2024 (HKD thousands) | Year-on-Year Change | | :--- | :--- | :--- | :--- | | Revenue | 121,045 | 122,652 | -1.3% | | Operating Profit | 34,251 | 33,952 | +0.9% | | Profit Before Tax | 47,366 | 46,003 | +2.9% | | Profit for the Period | 41,773 | 40,693 | +2.7% | | Basic Earnings Per Share (HK cents) | 5.26 | 5.12 | +2.7% | [Consolidated Statement of Financial Position](index=3&type=section&id=Consolidated%20Statement%20of%20Financial%20Position) As of June 30, 2025, total assets were HKD 530 million, net assets decreased to HKD 370 million due to dividends, while liquidity remained robust with HKD 453 million in cash Consolidated Statement of Financial Position Summary | Indicator | June 30, 2025 (HKD thousands) | December 31, 2024 (HKD thousands) | Period Change | | :--- | :--- | :--- | :--- | | Non-current Assets | 42,699 | 41,439 | +3.0% | | Current Assets | 487,772 | 494,698 | -1.4% | | Current Liabilities | 155,648 | 152,571 | +2.0% | | Net Assets | 369,808 | 378,795 | -2.4% | | Total Equity | 369,808 | 378,795 | -2.4% | [Consolidated Statement of Changes in Equity](index=4&type=section&id=Consolidated%20Statement%20of%20Changes%20in%20Equity) As of June 30, 2025, total equity decreased from HKD 379 million at the beginning of the year to HKD 370 million, primarily due to a HKD 50.86 million dividend payment, partially offset by HKD 41.77 million in profit for the period - The decrease in total equity for the six months ended June 30, 2025, was primarily influenced by the distribution of prior year's dividends of **HKD 50.857 million**, partially offset by profit for the period of **HKD 41.773 million**[7](index=7&type=chunk) [Notes to the Financial Statements](index=6&type=section&id=Notes%20to%20the%20Financial%20Statements) [4. Segment Reporting](index=7&type=section&id=4.%20Segment%20Reporting) Company operations span E-commerce, Identity Management, and Other Services; E-commerce is the largest revenue source, while Identity Management profit significantly declined H1 2025 Business Segment Performance (HKD thousands) | Business Segment | External Customer Revenue (2025 H1) | Reportable Segment Profit (2025 H1) | External Customer Revenue (2024 H1) | Reportable Segment Profit (2024 H1) | | :--- | :--- | :--- | :--- | :--- | | E-commerce | 83,951 | 27,554 | 85,211 | 27,140 | | Identity Management | 21,631 | 960 | 22,242 | 2,393 | | Other Services | 15,463 | 9,652 | 15,199 | 9,129 | | **Total** | **121,045** | **38,166** | **122,652** | **38,662** | - The Group's revenue and operating profit are predominantly derived from the Hong Kong Special Administrative Region, thus no geographical information is presented[18](index=18&type=chunk) [8. Dividends](index=11&type=section&id=8.%20Dividends) The Board has declared an interim dividend of 3.7 HK cents per share for the six months ended June 30, 2025, consistent with the prior year - The Board declared an interim dividend of **3.7 HK cents per share**[23](index=23&type=chunk) [9. Earnings Per Share](index=12&type=section&id=9.%20Earnings%20Per%20Share) For the six months ended June 30, 2025, basic earnings per share increased to 5.26 HK cents from 5.12 HK cents in the prior year, with diluted earnings per share being identical due to the absence of potential dilutive shares - Basic earnings per share are calculated based on the profit attributable to ordinary equity holders of the Company of **HKD 41.773 million** and the weighted average number of ordinary shares in issue during the period of **794.634 million shares**[24](index=24&type=chunk) - Basic earnings per share are the same as diluted earnings per share due to the absence of potential dilutive shares[25](index=25&type=chunk) [Management Discussion and Analysis](index=16&type=section&id=Management%20Discussion%20and%20Analysis) [Business Review](index=16&type=section&id=Business%20Review) H1 2025 saw mixed segment performance: E-commerce revenue slightly declined but GETS stable, Identity Management revenue and profit fell, and Other Services grew [E-commerce Business Review](index=16&type=section&id=E-commerce%20Business%20Review) E-commerce revenue slightly decreased to HKD 84 million, with stable GETS sub-segment growth offset by Supply Chain Solutions decline, as the company develops a new 'T+' platform - The overall number of import and export trade declarations in Hong Kong decreased due to geopolitical tensions and uncertainties in US tariff policies, leading to a **7.4% decline** in the company's GETS transaction volume[40](index=40&type=chunk) - The company is reallocating resources to develop a new generation electronic platform named "T+" to gradually transform from a GETS provider to a comprehensive value-added service provider for the Hong Kong trade community[42](index=42&type=chunk) [Identity Management Business Review](index=17&type=section&id=Identity%20Management%20Business%20Review) Identity Management revenue fell to HKD 21.6 million, profit sharply declined to HKD 1 million, yet digital certificate solutions gained regulatory approval and new government arrangements - The company's digital certificate solutions have received formal recognition from major financial regulators in Hong Kong for remote account opening[43](index=43&type=chunk) - In June 2025, the company entered into a significant multi-year commercial arrangement with a Hong Kong government department to design, implement, and issue a new type of digital certificate[43](index=43&type=chunk) [Other Services Business Review](index=18&type=section&id=Other%20Services%20Business%20Review) Other Services revenue grew to HKD 15.5 million, despite POS decline, driven by a 73.9% increase in GETS-related trade finance referral income from PAObank collaboration - Smart Point-of-Sale (POS) and related business performance decreased by approximately **16%** year-on-year, primarily due to ongoing disruptions in the local retail sector and changes in consumer spending patterns[47](index=47&type=chunk) - Referral income from the collaboration with PAObank increased by **73.9%**, becoming the main driver of revenue growth for the GETS-related services sub-segment[48](index=48&type=chunk) [Financial Review](index=19&type=section&id=Financial%20Review) H1 2025 revenue slightly decreased to HKD 121 million, but operating profit increased 0.9% to HKD 34.3 million due to cost control, with profit after tax rising 2.7% to HKD 41.8 million H1 2025 Financial Performance Summary | Indicator | Amount (HKD thousands) | Year-on-Year Change | | :--- | :--- | :--- | | Revenue | 121,000 | -1.3% | | Operating Expenses Before Depreciation | 82,900 | -1.3% | | Operating Profit | 34,300 | +0.9% | | Net Other Income | 12,900 | +9.3% | | Profit After Tax | 41,800 | +2.7% | | Basic Earnings Per Share (HK cents) | 5.26 | +2.7% | [Liquidity and Financial Position](index=20&type=section&id=Liquidity%20and%20Financial%20Position) As of June 30, 2025, the Group's financial position remains robust with no bank borrowings, total cash and bank deposits at HKD 453 million, largely unchanged from the year-end, and net assets reduced to HKD 370 million due to dividend distribution - As of June 30, 2025, the Group's total cash and bank deposits amounted to **HKD 453.3 million**, largely consistent with **HKD 453.1 million** as of December 31, 2024[53](index=53&type=chunk) - As of June 30, 2025, the Group had no borrowings[54](index=54&type=chunk) [Employee and Remuneration Policies](index=21&type=section&id=Employee%20and%20Remuneration%20Policies) As of June 30, 2025, the Group had 222 employees with HKD 54.3 million in related costs, adhering to a market-based remuneration policy including benefits - As of June 30, 2025, the Group had **222 employees**, comprising 186 in Hong Kong and 36 in Guangzhou[61](index=61&type=chunk) [Other Information](index=21&type=section&id=Other%20Information) [Corporate Governance](index=21&type=section&id=Corporate%20Governance) The company is committed to maintaining high corporate governance standards, confirming compliance with all applicable code provisions during the reporting period, with a Board of eight members including executive, non-executive, and independent non-executive directors - The company confirms compliance with all applicable Corporate Governance Code provisions for the six months ended June 30, 2025[63](index=63&type=chunk) [Interim Dividend Details](index=23&type=section&id=Interim%20Dividend%20Details) The Board declared an interim dividend of 3.7 HK cents per share, payable on October 8, 2025, to shareholders on record as of September 22, 2025, representing a payout ratio of 70.4% of profit attributable to shareholders - The interim dividend of **3.7 HK cents per share** is expected to be paid on October 8, 2025[69](index=69&type=chunk) - To determine eligibility for the dividend, share transfer registration will be suspended from September 22 to September 24, 2025[71](index=71&type=chunk)

Group 1 - The company, Trade通 (00536.HK), announced a board meeting scheduled for August 19, 2025, to approve the interim results for the six months ending June 30, 2025, and to consider the distribution of an interim dividend, if any [1]

貿易通電子貿易有限公司（「本公司」）董事會（「董事會」）宣佈將於二零二五年 八月十九日（星期二）舉行董事會會議，藉以（其中包括）批准本公司及其附屬公司 截至二零二五年六月三十日止六個月的中期業績及其刊發，以及考慮派發中期股息 （如有）。 貿 易 通 電 子 貿 易 有 限 公 司 （於香港註冊成立之有限公司） （ 股 份 代 號 ： 536） 董事會會議召開日期 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對 其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分 內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 Tradelink Electronic Commerce Limited 承董事會命 貿易通電子貿易有限公司 於本公告日期，本公司董事會成員包括 非執行董事 ：李乃熺博士，S.B.S., J.P.（主席）、李國本博士及袁永生先生； 獨立非執行董事 ：翟廸強先生、張可玲女士及林宣武先生，G.B.S., J.P., FCILT；以及 執行董事 ：袁民忠先生，S.B.S.及鄭俊聰先生。 主席 李乃熺博士，S.B.S., J.P. 香港，二零二五年八 ...

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 | 截至月份: | 2025年7月31日 | 狀態: 新提交 | | --- | --- | --- | | 致：香港交易及結算所有限公司 | | | | 公司名稱: | 貿易通電子貿易有限公司 | | | 呈交日期: | 2025年8月1日 | | | I. 法定/註冊股本變動 | 不適用 | | FF301 第 1 頁 共 11 頁 v 1.1.1 FF301 FF301 第 3 頁 共 11 頁 v 1.1.1 II. 已發行股份及/或庫存股份變動 | 1. 股份分類 | 普通股 | | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 00536 | 說明 | | | | | | | | | | 已發行股份（不包括庫存股份）數目 | | | 庫存股份數目 | | 已發行股份總數 | | | 上月底結存 | | | | 794,633,719 | | 0 | | ...

Core Viewpoint - The article discusses the transformation of global logistics systems in response to economic globalization and trade tensions, emphasizing China's efforts to establish diversified international logistics channels amid challenges posed by traditional logistics routes controlled by certain countries [1][7]. Group 1: Trade and Economic Data - In the first five months of the year, China's total import and export value reached 17.94 trillion yuan, with exports growing by 7.2% and imports declining by 3.8% [1]. - ASEAN has become China's largest trading partner, accounting for 16.8% of foreign trade [1]. - The value orientation of industrial transfer to ASEAN has shifted from labor and land cost to tariff considerations, marking a new phase in China's industrial layout towards ASEAN [2]. Group 2: Industry Cooperation and Investment - Asian developing countries are now the main destinations for global foreign direct investment (FDI), with China and ASEAN accounting for 40% and 30% of Asia's FDI, respectively [2]. - Vietnam has transitioned to being a major market for Chinese exports, with Chinese enterprises dominating investments in the country [2]. - China has maintained its position as ASEAN's largest trading partner for 16 consecutive years, with significant cooperation in electronics, apparel, and automotive sectors [3]. Group 3: Logistics and Supply Chain Development - The complexity of logistics is increasing due to the growing distance between production enterprises and their supply chains, necessitating improvements in cross-border logistics capabilities [4]. - The container throughput at Vietnamese ports has surged, with a volume exceeding 21 million standard containers, highlighting the rapid growth of logistics in the region [5]. - The Chinese container industry is focusing on expanding production capacity in Southeast Asia, responding to the rising demand for logistics services [4][6]. Group 4: New Logistics Channels - China is accelerating the diversification of logistics channels to counteract trade barriers and control over key maritime routes by other nations [7]. - New logistics corridors, such as the China-Kyrgyzstan-Uzbekistan railway and the China-Iran railway, are being developed to enhance international supply chain dynamics [7]. - The construction of new logistics channels is expected to reshape the industrial layout and open up inland regions, promoting mutual benefits between logistics and industry [7].

Financial Performance - The Group's overall revenue decreased by 7.1% year-on-year to HK$247.6 million in 2024, down from HK$266.6 million in 2023[24]. - Profit from operations dropped by 13.9% to HK$67.4 million in 2024, compared to HK$78.2 million in 2023[24]. - Total costs were reduced by 4.3% to HK$180.2 million in 2024, down from HK$188.4 million in 2023[24]. - Profit before tax decreased to HK$89.3 million in 2024, down from HK$111.1 million in 2023[25]. - Profit after tax fell by 18.6% to HK$82.0 million in 2024, compared to HK$100.6 million in 2023[25]. - The net gain from other income decreased by 33.4% to HK$21.4 million in 2024, down from HK$32.2 million in 2023[25]. - Basic earnings per share increased to 12.7 HK cents in 2024, up from 10.3 HK cents in 2023[10]. - Proposed final dividend per share is 6.3 HK cents for 2024, compared to 6.4 HK cents in 2023[10]. - The net profit margin improved to 37.7% in 2024, up from 33.1% in 2023[10]. - The effective tax rate increased to 9.4% in 2024, compared to 8.2% in 2023[10]. Segment Performance - E-Commerce segment revenue increased by 4.9% to HK$171.7 million, with segment profit rising by 9.5% to HK$55.0 million[28]. - IDM segment turnover decreased by 33.5% to HK$45.8 million, with segment profit down by 79.5% to HK$3.3 million[28]. - Other Services segment recorded an 11.5% decrease in turnover to HK$30.1 million and a 10.9% decrease in segment profit to HK$18.4 million[28]. - The E-Commerce segment's total revenue increased by 4.9% year-on-year to HK$171.7 million in 2024, reversing a downward trend from the previous two years[46]. - The segment profit rose by 9.5% year-on-year to HK$55.0 million in 2024, compared to HK$50.2 million in 2023[48]. - GETS transaction volume increased by 7.2% year-on-year, with revenue from the GETS business growing by 6.0% to HK$150.3 million in 2024[49]. - The average price of trade declaration services saw a slight decline, but higher contract renewal prices and increased business volume helped maintain revenue levels[50]. - The SCS sub-segment's turnover dropped by 2.3% to HK$21.4 million in 2024, impacted by a volatile external trade environment and sluggish domestic consumption[50]. Future Outlook - The macroeconomic environment in 2025 is expected to remain challenging, with high interest rates likely persisting longer than anticipated[32]. - E-Commerce's GETS sub-segment is projected to see a small but positive single-digit growth in 2025, linked to Hong Kong's external trade volume[33]. - IDM business is expected to rebound in 2025, with new opportunities for digital certificates and eKYC projects[36]. - Smart PoS and related business face downward pressure on maintenance fees due to mild local consumption recovery[37]. - Ongoing revenue-generating partnerships, such as with PAO Bank Limited, are expected to support the GETS-related services business[37]. - The company is cautiously optimistic about E-Commerce business performance in 2025, expecting resilience in the GETS business despite external challenges[51]. - The company is optimistic about IDM business regaining positive growth in 2025, with new digital identity services and remote signing services gaining market traction[59]. Corporate Governance - The Company is committed to high standards of corporate governance and has confirmed compliance with all applicable Code Provisions during the year ended December 31, 2024[139]. - The Company has established adequate resources and training for its accounting, internal audit, and financial reporting functions[169]. - The Company has implemented a comprehensive Whistleblowing Policy to encourage employees and external parties to report misconduct confidentially[174]. - An Anti-Corruption Policy has been established to strengthen anti-corruption initiatives, applicable to all Directors and employees[176]. - The Board of Directors consists of two Executive Directors, three Non-executive Directors, and four Independent Non-executive Directors, with Independent Directors representing at least one-third of the Board[182]. - Major responsibilities of the Board include determining overall business strategies, setting key performance targets, and supervising management performance to enhance shareholder value[187]. - The Company has a policy in place to ensure that all employees and Directors refrain from trading Company securities while in possession of unpublished inside information[178]. - The diversity profile of the Board includes a mix of genders and age groups, promoting inclusivity in governance[188]. Risk Management - The company is committed to enhancing its risk management framework and culture to achieve business objectives[151]. - Appropriate risk management activities are integrated into business planning, project management, and operations[151]. - The company acknowledges its overall responsibility for risk management and internal control systems to safeguard shareholders' investments[156]. - The Board reviews the effectiveness of risk management systems annually, covering financial, operational, and compliance controls[156]. - The risk management system framework is designed based on ISO31000, integrating risk management activities into business planning and operations[157]. - The risk management process includes six steps: establishing scope, risk assessment, risk treatment, monitoring, recording, and communication[158]. - The internal auditor conducted reviews of the risk management and internal control systems, confirming compliance with relevant codes during the year[165]. - The Board considers the risk management and internal control systems to be adequate and effective for the reporting year, with no significant control failings identified[167].

Financial Performance - Total revenue for the year ended December 31, 2024, was HKD 247,625,000, a decrease of 7.1% from HKD 266,611,000 in 2023[3]. - Operating profit for the same period was HKD 67,351,000, down 13.8% from HKD 78,186,000 in the previous year[4]. - Profit attributable to equity holders of the company was HKD 81,958,000, a decline of 18.6% compared to HKD 100,639,000 in 2023[4]. - Basic and diluted earnings per share decreased to HKD 10.3 from HKD 12.7, representing a drop of 18.6%[4]. - The company reported a total comprehensive income of HKD 81,975,000, down from HKD 99,816,000 in 2023[6]. - The company reported a consolidated profit before tax of HKD 89,285,000 for 2024, down from HKD 111,052,000 in 2023, indicating a decrease of approximately 19.6%[21][23][26]. - Net profit after tax for 2024 was HKD 82,000,000, a decline of HKD 18,700,000 or 18.6% compared to 2023[84]. Revenue Breakdown - The electronic commerce segment generated revenue of HKD 171,699,000 for 2024, compared to HKD 163,697,000 in 2023, reflecting an increase of about 4.1%[21][23]. - The identity management segment's revenue for 2024 was HKD 53,634,000, a decrease from HKD 76,704,000 in 2023, representing a decline of about 30.2%[21][23]. - Total revenue for the e-commerce segment increased by 4.9% year-on-year to HKD 171,700,000, with segment profit rising by 9.5% to HKD 55,000,000, reversing a two-year declining trend[67]. - The supply chain application segment experienced a slight revenue decline of 2.3% to HKD 21,400,000 due to an unstable external trade environment and weak local consumer market[69]. - Identity management segment revenue fell by 33.5% to HKD 45,800,000, with segment profit decreasing by 79.5% to HKD 3,300,000, impacted by a strong prior year comparison and economic recovery challenges[72]. Assets and Liabilities - Total assets amounted to HKD 536,137,000, slightly down from HKD 545,581,000 in 2023[3]. - The company’s total liabilities decreased from HKD 160,400,000 in 2023 to HKD 150,562,000 in 2024[55]. - Accounts receivable, net of impairment provisions, decreased to HKD 21,259,000 in 2024 from HKD 31,750,000 in 2023, a reduction of about 33%[40]. - Contract assets, net of impairment provisions, fell to HKD 2,613,000 in 2024 from HKD 10,896,000 in 2023, indicating a decline of approximately 76%[40]. - The deferred tax asset at the end of 2024 was HKD 606,000, compared to HKD 56,000 in 2023, indicating a significant increase in deferred tax assets[38]. Cash Flow and Dividends - Cash and cash equivalents significantly decreased to HKD 76,285,000 from HKD 276,335,000, a drop of 72.5%[8]. - The company declared a final dividend of HKD 6.4 per share, compared to HKD 6.3 in the previous year[3]. - Proposed final dividend for 2024 is HKD 0.064 per share, an increase from HKD 0.063 per share in 2023[85]. - The proposed final dividend for the year is HKD 0.064 per share, compared to HKD 0.063 per share in 2023, bringing the total dividend for the year to HKD 0.101 per share, which represents approximately 98% of the annual profit attributable to shareholders[100]. Employee Costs and Expenses - The company incurred total employee costs of HKD 113,086,000 in 2024, down from HKD 120,133,000 in 2023, reflecting a reduction of approximately 5.8%[26]. - Employee costs for 2024 were HKD 113,100,000, down 5.9% from HKD 120,100,000 in 2023[81]. - Depreciation expenses increased to HKD 9,348,000 in 2024 from HKD 8,925,000 in 2023, marking an increase of about 4.7%[26]. Other Income and Expenses - Other income decreased to HKD 21,405,000 from HKD 32,161,000, a decline of 33.4%[4]. - The total other income for 2024 was HKD 21,405,000, down from HKD 32,161,000 in 2023, reflecting a decline of approximately 33.5%[28]. - Interest income for 2024 increased to HKD 22,580,000 from HKD 20,412,000 in 2023, representing a growth of approximately 10.7%[28]. - The net loss from foreign exchange decreased significantly from HKD (342,000) in 2023 to HKD (1,847,000) in 2024, indicating a worsening in foreign exchange conditions[28]. Future Outlook and Strategic Initiatives - The company plans to launch a one-stop electronic account opening service using its digital identity solutions in early 2025[1]. - The company plans to complete upgrades to key GETS-related systems by mid-2025, enhancing services in preparation for the transition to a single-window environment[71]. - The company is optimistic about achieving positive year-on-year revenue growth in the supply chain application segment unless there is a significant decline in Hong Kong's external trade volume[71]. - The company is reallocating employees to research and development to prepare for new opportunities, expecting significant revenue contributions from new products and services in the coming years[75]. - The company anticipates ongoing discussions regarding value-added service provider arrangements as a primary focus for 2025[71].