 |
紐約2014年8月14日電 /美通社/ -- 環(huán)球資源Global Sources Ltd. (NASDAQ: GSOL) 公布截至2014年6月30日的第二季度業(yè)績報(bào)告。
環(huán)球資源執(zhí)行主席韓禮士 (Merle A. Hinrich) 先生表示：“在2014年第二季，公司于香港舉辦的出口貿(mào)易展覽會取得極佳的成績，當(dāng)中電子展系列達(dá)到歷屆較大規(guī)模，并成功舉辦了首屆‘移動電子產(chǎn)品展’。環(huán)球資源所提供的整合出口推廣方案涵蓋網(wǎng)站及展覽會，為全球跨境商對商貿(mào)易提供了一個廣泛的多渠道媒體平臺。公司展覽會業(yè)務(wù)的優(yōu)勢令我們深受鼓舞，環(huán)球資源將繼續(xù)以享譽(yù)業(yè)界的行業(yè)專業(yè)化知識及經(jīng)驗(yàn)服務(wù)于我們相信最具市場增長潛力的行業(yè)中。”
業(yè)績要覽：2014年第二季與2013年第二季之年度比較分析
業(yè)績要覽：截至2014年6月30日的上半年與2013年上半年之年度比較分析
環(huán)球資源首席財(cái)務(wù)官賴秀琴女士表示：“雖然環(huán)球資源2014年第二季的業(yè)績反映了公司在香港舉辦之電子展系列的極佳表現(xiàn)，但相關(guān)展覽會業(yè)務(wù)的凈營業(yè)收入?yún)s因在香港以外地點(diǎn)舉辦的展會業(yè)績放緩而受到負(fù)面的影響。此外，公司錄得一筆約170萬美元，與‘中國 (深圳) 國際品牌服裝服飾交易會’相關(guān)的扣除相關(guān)稅務(wù)費(fèi)用減值支出。另一方面，在季度內(nèi)環(huán)球資源成功地完成了一項(xiàng)發(fā)行人要約收購并產(chǎn)生 5,000萬美元的資金流出。環(huán)球資源將繼續(xù)致力維持穩(wěn)健的財(cái)務(wù)狀況，我們并沒有任何短期或長期的債務(wù)?！?/p>
依據(jù)“國際財(cái)務(wù)報(bào)告準(zhǔn)則”計(jì)算的2014年下半年財(cái)務(wù)展望
賴女士總結(jié)道：“我們預(yù)計(jì)公司在2014年下半年的營收比例將為網(wǎng)站業(yè)務(wù)占36%至37%，展覽會業(yè)務(wù)占53%至54%，雜志業(yè)務(wù)占5%至6%，其它業(yè)務(wù)則約占3%。而 2013年下半年公司營收比例為網(wǎng)站業(yè)務(wù)約占42%，展覽會業(yè)務(wù)占49%，雜志業(yè)務(wù)占6%及其它業(yè)務(wù)占3%?！?/p>
近期企業(yè)要覽
環(huán)球資源2014年第二季度業(yè)績投資者電話會議
環(huán)球資源執(zhí)行董事長韓禮士先生及首席財(cái)務(wù)官賴秀琴女士將于美國東部時(shí)間2014年8月14日上午8時(shí) (香港時(shí)間2014年8月14日晚上8時(shí)) 主持投資者電話會議，旨在回顧公司2014年第二季度的業(yè)績。美國投資者如欲參與本次電話會議，請撥打 (888) 438-5525；香港以外的國際投資者可撥打 (1-719) 325-2469。香港投資者則可撥打本地電話號碼 (852) 3008-0380，并向接線生提供本次電話會議的編號 7673309，同時(shí)請?zhí)嵩?0分鐘撥打上述電話號碼，以確保在會議開始時(shí)所有參與者都已聯(lián)機(jī)。有關(guān)的電話會議也將于環(huán)球資源企業(yè)網(wǎng)站作網(wǎng)上直播，詳情請瀏覽 http://www.investor.globalsources.com。
本次電話會議的網(wǎng)上廣播將于環(huán)球資源企業(yè)網(wǎng)站轉(zhuǎn)載至少30天，以供未能參與本次電話會議者收聽。有興趣人士也可由電話會議進(jìn)行當(dāng)日至 2014年8月21日期間收聽本次電話會議之回放。如欲收聽有關(guān)電話會議回放，請撥打 (888) 203-1112，或美國以外地區(qū)請撥打 (1-719) 457-0820，并輸入密碼 7673309。香港投資者則可撥打 (800) 901-108，并輸入密碼 7673309。
環(huán)球資源
環(huán)球資源是一家領(lǐng)先業(yè)界的多渠道 B2B 媒體公司，致力于促進(jìn)大中華地區(qū)的對外貿(mào)易。
公司的核心業(yè)務(wù)是通過一系列英文媒體，包括環(huán)球資源網(wǎng)站 (GlobalSources.com)、印刷及電子雜志、采購資訊報(bào)告、“買家專場采購會”及貿(mào)易展覽會，促進(jìn)亞洲與全球各國的貿(mào)易往來。
超過100萬名國際買家、當(dāng)中包括95家來自全球百強(qiáng)零售商，使用環(huán)球資源提供的服務(wù)了解供應(yīng)商及產(chǎn)品的資料，幫助他們在復(fù)雜的供應(yīng)市場進(jìn)行高效采購。另一方面，供應(yīng)商借助環(huán)球資源提供的整合出口推廣服務(wù)，提升公司形象、獲得銷售查詢，贏得來自逾240個國家及地區(qū)的買家訂單。
環(huán)球資源也通過一系列中文媒體協(xié)助海內(nèi)外企業(yè)在大中華地區(qū)行銷，當(dāng)中包括網(wǎng)站、印刷及電子雜志、研討會及貿(mào)易展覽會。環(huán)球資源在中國設(shè)有超過30個辦事機(jī)構(gòu)，公司的中文媒體擁有逾500萬名網(wǎng)上注冊用戶及雜志讀者。
環(huán)球資源于2000年在美國納斯達(dá)克股票市場公開上市，如今已經(jīng)成功邁向第5個十年。
環(huán)球資源未按“國際財(cái)務(wù)報(bào)告準(zhǔn)則”計(jì)算方法
環(huán)球資源管理層認(rèn)為未按“國際財(cái)務(wù)報(bào)告準(zhǔn)則”(Non-IFRS) 計(jì)算方法是有效反映營運(yùn)狀況的計(jì)算方法，因此于本新聞稿末部提供按“國際財(cái)務(wù)報(bào)告準(zhǔn)則”(IFRS) 計(jì)算及未按“國際財(cái)務(wù)報(bào)告準(zhǔn)則”計(jì)算的對帳表。
環(huán)球資源將過往及將來未按“國際財(cái)務(wù)報(bào)告準(zhǔn)則”計(jì)算的凈收入 (non-IFRS net income) 定義為： 按“國際財(cái)務(wù)報(bào)告準(zhǔn)則”計(jì)算的凈收入扣除非現(xiàn)金股票費(fèi)用、與公司數(shù)個股權(quán)補(bǔ)償計(jì)劃相關(guān)的無形資產(chǎn)攤銷費(fèi)用、公司任何購并及投資所得的收益或虧損及相關(guān)的交易及稅務(wù)費(fèi)用，及 /或公司所有扣除相關(guān)稅務(wù)費(fèi)用的減值支出。而未按“國際財(cái)務(wù)報(bào)告準(zhǔn)則”計(jì)算的每股盈利 (Non-IFRS EPS) 的定義為：未按“國際財(cái)務(wù)報(bào)告準(zhǔn)則”計(jì)算的凈收入除以已發(fā)行普通股的攤薄加權(quán)平均股數(shù)。經(jīng)調(diào)整EBITDA則是指扣除利息、稅項(xiàng)、折舊、攤銷、股票補(bǔ)償費(fèi)用、商譽(yù)及無形資產(chǎn)減值、任何購并及投資所得的收益或虧損及相關(guān)的交易及稅務(wù)費(fèi)用前的盈利。
前瞻性陳述
本新聞稿中的前瞻性聲明是根據(jù)經(jīng)修訂的證券法 (1933年) 第27-A條及經(jīng)修訂的證券交易所法 (1934年) 第21-E條而作出的。由于公司業(yè)務(wù)﹑宏觀經(jīng)濟(jì)情況及作出上述聲明的假設(shè)或會發(fā)生變化，可能使公司實(shí)際業(yè)績與此前瞻性聲明有所出入。
(財(cái)務(wù)報(bào)告詳見附頁)
| GLOBAL SOURCES LTD. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS (In U.S. Dollars Thousands, Except Number of Shares and Per Share Data) |
|||||||
| As at June 30, |
As at December 31, |
||||||
| 2014 |
2013 |
||||||
| (Unaudited) |
|||||||
| ASSETS |
|||||||
| Current assets |
|||||||
| Cash and cash equivalents |
$ |
87,026 |
$ |
137,359 |
|||
| Term deposits with banks |
4,100 |
106 |
|||||
| Financial assets, available-for-sale |
1,377 |
6,367 |
|||||
| Accounts receivables, net |
2,781 |
3,122 |
|||||
| Receivables from sales representatives |
8,579 |
10,630 |
|||||
| Inventories |
293 |
266 |
|||||
| Prepaid expenses and other current assets |
18,271 |
18,544 |
|||||
| 122,427 |
176,394 |
||||||
| Non-current assets |
|||||||
| Property and equipment |
63,882 |
49,701 |
|||||
| Investment properties |
86,639 |
89,615 |
|||||
| Intangible assets |
38,546 |
21,423 |
|||||
| Long term investment |
100 |
100 |
|||||
| Deferred income tax assets |
38 |
98 |
|||||
| Other non-current assets |
1,592 |
1,766 |
|||||
| 190,797 |
162,703 |
||||||
| Total assets |
$ |
313,224 |
$ |
339,097 |
|||
| LIABILITIES AND SHAREHOLDERS' EQUITY |
|||||||
| Current liabilities |
|||||||
| Accounts payable |
$ |
9,937 |
$ |
8,779 |
|||
| Deferred income and customer prepayments |
93,540 |
84,704 |
|||||
| Accrued liabilities |
19,467 |
19,166 |
|||||
| Income tax liabilities |
4,221 |
2,635 |
|||||
| 127,165 |
115,284 |
||||||
| Non-current liabilities |
|||||||
| Accounts payable |
864 |
- |
|||||
| Deferred income and customer prepayments |
5,467 |
5,660 |
|||||
| Deferred income tax liabilities |
6,389 |
4,591 |
|||||
| 12,720 |
10,251 |
||||||
| Total liabilities |
139,885 |
125,535 |
|||||
| Equity attributable to Company's shareholders |
|||||||
| Common shares |
528 |
525 |
|||||
| Treasury shares |
(200,089) |
(150,089) |
|||||
| Other reserves |
160,521 |
161,950 |
|||||
| Retained earnings |
198,726 |
191,594 |
|||||
| Total Company shareholders' equity |
159,686 |
203,980 |
|||||
| Non-controlling interests |
13,653 |
9,582 |
|||||
| Total equity |
$ |
173,339 |
$ |
213,562 |
|||
| Total liabilities and equity |
$ |
313,224 |
$ |
339,097 |
|||
| GLOBAL SOURCES LTD. AND SUBSIDIARIES |
||||||||||||
| Three months ended June 30, |
Six months ended June 30, |
|||||||||||
| 2014 |
2013 |
2014 |
2013 |
|||||||||
| (Unaudited) |
(Unaudited) |
(Unaudited) |
(Unaudited) |
|||||||||
| Revenue: |
||||||||||||
| Online and other media services (Note 1) |
$ |
23,864 |
$ |
26,217 |
$ |
47,706 |
$ |
54,176 |
||||
| Exhibitions |
32,412 |
33,274 |
41,272 |
34,775 |
||||||||
| Miscellaneous |
2,061 |
1,948 |
3,829 |
3,740 |
||||||||
| 58,337 |
61,439 |
92,807 |
92,691 |
|||||||||
| Operating Expenses: |
||||||||||||
| Sales (Note 2) |
19,244 |
19,272 |
28,290 |
30,265 |
||||||||
| Event production |
9,015 |
10,254 |
10,819 |
10,650 |
||||||||
| Community and content (Note 2) |
6,955 |
7,547 |
12,398 |
13,732 |
||||||||
| General and administrative (Note 2 & 3) |
13,825 |
13,364 |
27,953 |
23,156 |
||||||||
| Information and technology (Note 2) |
3,095 |
3,161 |
6,286 |
6,475 |
||||||||
| Total Operating Expenses |
52,134 |
53,598 |
85,746 |
84,278 |
||||||||
| Profit on sale of property |
- |
10,953 |
- |
15,410 |
||||||||
| Profit from Operations |
6,203 |
18,794 |
7,061 |
23,823 |
||||||||
| Interest income |
333 |
347 |
750 |
621 |
||||||||
| Gain on sale of available-for-sale securities |
- |
- |
10 |
- |
||||||||
| Interest expenses |
(45) |
- |
(92) |
- |
||||||||
| Profit before Income Taxes |
6,491 |
19,141 |
7,729 |
24,444 |
||||||||
| Income tax expense |
(411) |
(2,643) |
(766) |
(2,669) |
||||||||
| Net Profit |
$ |
6,080 |
$ |
16,498 |
$ |
6,963 |
$ |
21,775 |
||||
| Net (profit) / loss attributable to non-controlling interests |
907 |
276 |
169 |
620 |
||||||||
| Net profit attributable to the Company's |
$ |
6,987 |
$ |
16,774 |
$ |
7,132 |
$ |
22,395 |
||||
| Diluted net profit per share attributable to the |
$ |
0.20 |
$ |
0.46 |
$ |
0.20 |
$ |
0.62 |
||||
| Shares used in diluted net profit per share |
35,183,171 |
36,200,567 |
35,672,551 |
36,048,346 |
||||||||
| Note: 1. Online and other media services consists of: |
||||||||||||
| Three months ended June 30, |
Six months ended June 30, |
|||||||||||
| 2014 |
2013 |
2014 |
2013 |
|||||||||
| (Unaudited) |
(Unaudited) |
(Unaudited) |
(Unaudited) |
|||||||||
| Online services |
$ |
20,844 |
$ |
22,689 |
$ |
42,096 |
$ |
47,664 |
||||
| Print services |
3,020 |
3,528 |
5,610 |
6,512 |
||||||||
| $ |
23,864 |
$ |
26,217 |
$ |
47,706 |
$ |
54,176 |
|||||
| Note: 2. Non-cash compensation expenses associated with the several equity compensation plans and Global Sources Directors Share Grant Award Plan included under various categories of expenses are as follows: |
||||||||||||
| Three months ended June 30, |
Six months ended June 30, |
|||||||||||
| 2014 |
2013 |
2014 |
2013 |
|||||||||
| (Unaudited) |
(Unaudited) |
(Unaudited) |
(Unaudited) |
|||||||||
| Sales |
$ |
139 |
$ |
159 |
$ |
146 |
$ |
227 |
||||
| Community and content |
27 |
25 |
(32) |
(16) |
||||||||
| General and administrative |
347 |
374 |
530 |
603 |
||||||||
| Information and technology |
50 |
54 |
120 |
139 |
||||||||
| $ |
563 |
$ |
612 |
$ |
764 |
$ |
953 |
|||||
| Note: 3. General and administrative expenses consist of: |
||||||||||||
| Three months ended June 30, |
Six months ended June 30, |
|||||||||||
| 2014 |
2013 |
2014 |
2013 |
|||||||||
| (Unaudited) |
(Unaudited) |
(Unaudited) |
(Unaudited) |
|||||||||
| General and administrative expenses before |
$ |
10,241 |
$ |
10,818 |
$ |
19,267 |
$ |
19,590 |
||||
| Amortization of intangible assets |
1,510 |
694 |
4,971 |
1,470 |
||||||||
| Impairment charge on intangible assets |
2,238 |
2,531 |
2,238 |
2,531 |
||||||||
| Foreign exchange losses (gains) |
(164) |
(679) |
1,477 |
(435) |
||||||||
| $ |
13,825 |
$ |
13,364 |
$ |
27,953 |
$ |
23,156 |
|||||
| GLOBAL SOURCES LTD. AND SUBSIDIARIES |
||||||||||||||
| ACTUAL IFRS to NON-IFRS RECONCILIATION |
||||||||||||||
| (In U.S. Dollars Thousands, Except Number of Shares and Per Share Data) |
||||||||||||||
|
Three months ended June 30, |
Six months ended June 30, |
|||||||||||||
| 2014 |
2013 |
2014 |
2013 |
|||||||||||
| IFRS EPS |
$ |
0.20 |
$ |
0.46 |
$ |
0.20 |
$ |
0.62 |
||||||
| IFRS Net Profit |
$ |
6,987 |
$ |
16,774 |
$ |
7,132 |
$ |
22,395 |
||||||
| Non-cash stock based compensation expense (Note 1) |
563 |
612 |
764 |
953 |
||||||||||
| Amortization of intangibles (Note 2) |
151 |
172 |
404 |
426 |
||||||||||
| Impairment of goodwill and intangibles (Note 3) |
1,678 |
2,531 |
1,678 |
2,531 |
||||||||||
| Profit on sale of property, net of transaction costs & related tax expenses |
- |
(8,667) |
- |
(13,124) |
||||||||||
| Non-IFRS Net Profit |
$ |
9,379 |
$ |
11,422 |
$ |
9,978 |
$ |
13,181 |
||||||
| Non-IFRS diluted net profit per share |
$ |
0.27 |
$ |
0.32 |
$ |
0.28 |
$ |
0.37 |
||||||
| Total shares used in non-IFRS diluted net profit |
35,183,171 |
36,200,567 |
35,672,551 |
36,048,346 |
||||||||||
| Notes: |
||||||||||||||
| (1) Actual SBC is calculated based on actual share price on date of the awards. |
||||||||||||||
| (2) Amortization of intangible assets relating to certain non-compete agreements. |
||||||||||||||
| (3) Impairment of intangibles are net of related taxes. |
||||||||||||||
| GLOBAL SOURCES LTD. AND SUBSIDIARIES |
|||||||||||||
| ADJUSTED EBITDA RECONCILIATION |
|||||||||||||
| (In U.S. Dollars Thousands) |
|||||||||||||
| Three months ended June 30, |
Six months ended June 30, |
||||||||||||
| 2014 |
2013 |
2014 |
2013 |
||||||||||
| IFRS profit from operations |
$ |
6,203 |
$ |
18,794 |
$ |
7,061 |
$ |
23,823 |
|||||
| Depreciation and amortization |
2,819 |
2,179 |
7,665 |
4,449 |
|||||||||
| EBITDA |
9,022 |
20,973 |
14,726 |
28,272 |
|||||||||
| Non-cash stock based compensation expense |
563 |
612 |
764 |
953 |
|||||||||
| Impairment of goodwill and intangibles |
2,238 |
2,531 |
2,238 |
2,531 |
|||||||||
| Profit on sale of property, net of transaction costs |
- |
(10,953) |
- |
(15,410) |
|||||||||
| Adjusted EBITDA |
$ |
11,823 |
$ |
13,163 |
$ |
17,728 |
$ |
16,346 |
|||||
| GLOBAL SOURCES LTD. AND SUBSIDIARIES |
||||||
| GUIDANCE IFRS to NON-IFRS RECONCILIATION |
||||||
| (In U.S. Dollars Million, Except Number of Shares and Per Share Data) |
||||||
| GUIDANCE |
ACTUAL |
|||||
| Six months |
Six months |
|||||
| ended December 31, |
ended December 31, |
|||||
| 2014 |
2013 |
|||||
| Revenue |
$102.0 |
to |
$104.0 |
$104.8 |
||
| IFRS EPS |
$0.13 |
to |
$0.17 |
$0.29 |
||
| Non-cash stock based compensation expense (Note 1) |
$0.04 |
$0.04 |
$0.03 |
|||
| Amortization of intangibles (Note 2) |
$0.01 |
$0.01 |
$0.01 |
|||
| Impairment of goodwill and intangibles |
- |
- |
$0.14 |
|||
| Non-IFRS diluted net income per share |
$0.18 |
to |
$0.22 |
$0.47 |
||
| Total shares used in non-IFRS diluted net income |
31,600,000 |
31,600,000 |
36,181,032 |
|||
| Notes: |
||||||
| (1) Actual SBC is calculated based on actual share price on date of the awards. |
||||||
| (2) Amortization of intangible assets relating to certain non-compete agreements. |
||||||
有關(guān)完整的財(cái)務(wù)報(bào)告，請瀏覽：http://photos.prnasia.com/prnk/20140814/8521404554-b。
如需查詢，請聯(lián)絡(luò)：
傳媒聯(lián)絡(luò)
亞洲地區(qū)
環(huán)球資源Global Sources
蘇慧雯
電話：(852) 2555 5040
電子郵件：cso@globalsources.com
中國地區(qū)
環(huán)球資源Global Sources
紀(jì)賓賓
電話：(86-10) 5927 1582
電子郵件：sji@globalsources.com
投資者聯(lián)絡(luò)
亞洲地區(qū)
環(huán)球資源Global Sources
賴秀琴
電話：(852) 2555 4747
電子郵件：investor@globalsources.com
美國
LHA
Cathy Mattison
電話：(1-415) 433 3777
電子郵件：cmattison@lhai.com
