 |
紐約2015年8月5日電 /美通社/ -- 環(huán)球資源Global Sources Ltd. (NASDAQ: GSOL) 公布截至2015年6月30日的第二季度業(yè)績報告。
環(huán)球資源執(zhí)行董事長韓禮士 (Merle A. Hinrich) 先生表示：“環(huán)球資源在2015年第二季的凈營業(yè)收入為6,850萬美元，其中公司展覽會業(yè)務的凈營業(yè)收入與去年同期相比增長42%，有關(guān)升幅主要由四月份在香港舉辦的國際大型電子產(chǎn)品采購展的佳績，以及‘深圳國際機械制造工業(yè)展覽會’由2014年于第一季改為2015年在第二季舉行所驅(qū)動。公司對于電子產(chǎn)品展及移動電子產(chǎn)品展的營收及參觀人數(shù)之增長感到尤為滿意。”
韓先生續(xù)說：“環(huán)球資源近期完成了三項重要的舉動，為公司的股東們帶來投資回報，同時致力專注于發(fā)展公司的核心業(yè)務。首先，公司完成了一項發(fā)行人要約收購，將約5,000萬美元的資金回報給予環(huán)球資源的股東們；有關(guān)的要約收購于2015年6月26日啟動，并已經(jīng)于美國紐約時間2015年7月27日午夜12時整屆滿。此外，有關(guān)出售公司所持有旗下企業(yè)聯(lián)盟eMedia的股權(quán)也已完成。最后，在本年第二季完結(jié)時，公司簽定一份物業(yè)轉(zhuǎn)讓意向書，出售位于深圳的投資物業(yè)?！?/p>
業(yè)績要覽：2015年第二季與2014年第二季之年度比較分析
由于公司于2015年第二季完成了出售eMedia的股權(quán)，因此有關(guān)eMedia的業(yè)務已重新歸類為已終止經(jīng)營業(yè)務。
業(yè)績要覽：截至2015年6月30日的上半年與2014年上半年之年度比較分析
環(huán)球資源首席財務官賴秀琴女士表示：“公司2015年第二季的業(yè)績反映了四月份舉行的電子展之營收增長、‘深圳國際機械制造工業(yè)展覽會’的舉辦日期由2014年第一季改為2015年第二季，以及出售eMedia所帶來620萬美元的資本收益的各項因素。環(huán)球資源繼續(xù)維持一個高效的成本架構(gòu)，保持穩(wěn)健的財務狀況，并且沒有任何短期或長期的債務?！?/p>
依據(jù)“國際財務報告準則”計算的2015年下半年財務展望
賴女士指出：“我必須指出，環(huán)球資源2015年下半年的業(yè)績指引已經(jīng)把出售eMedia對公司營收帶來的影響，和出售深圳投資物業(yè)所帶來的資本收益計算在內(nèi)?！?/p>
賴女士總結(jié)說：“我們預計公司在2015年下半年的營收比例將為展覽會業(yè)務占52%至54%，網(wǎng)站及雜志業(yè)務占41%至42%，其它業(yè)務則約占6%。而 2014年下半年公司營收比例為展覽會業(yè)務約占52%，網(wǎng)站及雜志業(yè)務占44%及其它業(yè)務占4%。”
近期企業(yè)要覽
環(huán)球資源2015年第二季度業(yè)績投資者電話會議
環(huán)球資源執(zhí)行主席韓禮士先生及首席財務官賴秀琴女士將于美國東部時間2015年8月5日上午8時 (香港時間2015年8月5日晚上8時) 主持投資者電話會議，旨在回顧公司2015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) 737-3616；香港以外的國際投資者可撥打 (1-913) 312-1391。香港投資者則可撥打本地電話號碼 (852) 3008-0382，并向接線生提供本次電話會議的編號 3671969，同時請?zhí)嵩?0分鐘撥打上述電話號碼，以確保在會議開始時所有參與者都已聯(lián)機。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)上現(xiàn)場直播，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行當日至 2015年8月12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 (888) 203-1112，或美國以外地區(qū)請撥 (1-719) 457-0820，并輸入密碼3671969。香港投資者則可撥本地電話號碼 (800) 901-108，并輸入密碼3671969。
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，致力于促進大中華地區(qū)的對外貿(mào)易。
公司的核心業(yè)務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、“買家專場采購會”及貿(mào)易展覽會，促進亞洲與全球各國的貿(mào)易往來。
超過100萬名國際買家、當中包括95家來自全球百強零售商，使用環(huán)球資源提供的服務了解供應商及產(chǎn)品的資料，幫助他們在復雜的供應市場進行高效采購。另一方面，供應商借助環(huán)球資源提供的整合出口推廣服務，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)球資源于2000年在美國納斯達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“國際財務報告準則”計算方法
環(huán)球資源管理層認為未按“國際財務報告準則”(Non-IFRS) 計算方法是有效反映營運狀況的計算方法，因此于本新聞稿末部提供按“國際財務報告準則”(IFRS) 計算及未按“國際財務報告準則”計算的對帳表。
環(huán)球資源將過往及將來未按“國際財務報告準則”計算的凈收入 (non-IFRS net income) 定義為： 按“國際財務報告準則”計算的凈收入扣除非現(xiàn)金股票費用、與公司數(shù)個股權(quán)補償計劃相關(guān)的無形資產(chǎn)攤銷費用、公司任何購并、投資及出售資產(chǎn)所得的收益或虧損、及其相關(guān)的交易及稅務費用，及 /或公司所有扣除相關(guān)稅務費用的減值支出。而未按“國際財務報告準則”計算的每股盈利 (Non-IFRS EPS) 的定義為：未按“國際財務報告準則”計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、折舊、攤銷、股票補償費用、商譽及無形資產(chǎn)減值、任何購并、投資及出售資產(chǎn)所得的收益或虧損、及其相關(guān)的交易及稅務費用前的盈利。
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、宏觀經(jīng)濟情況及作出上述聲明的假設(shè)或會發(fā)生變化，可能使公司實際業(yè)績與此前瞻性聲明有所出入。
(財務報告詳見附頁)
| 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, |
|||||
| 2015 |
2014 |
|||||
| (Unaudited) |
||||||
| ASSETS |
||||||
| Current assets |
||||||
| Cash and cash equivalents |
$ |
86,614 |
$ |
90,223 |
||
| Term deposits with banks |
8,387 |
4,285 |
||||
| Financial assets, available-for-sale |
- |
3,952 |
||||
| Accounts receivables, net |
879 |
2,269 |
||||
| Receivables from sales representatives |
11,145 |
7,900 |
||||
| Inventories |
151 |
154 |
||||
| Prepaid expenses and other current assets |
29,155 |
17,027 |
||||
| 136,331 |
125,810 |
|||||
| Non-current assets |
||||||
| Property and equipment |
61,799 |
63,519 |
||||
| Investment properties |
84,453 |
85,546 |
||||
| Intangible assets |
29,484 |
37,732 |
||||
| Long term investment |
100 |
100 |
||||
| Deferred income tax assets |
323 |
196 |
||||
| Other non-current assets |
1,920 |
1,108 |
||||
| 178,079 |
188,201 |
|||||
| Total assets |
$ |
314,410 |
$ |
314,011 |
||
| LIABILITIES AND SHAREHOLDERS' EQUITY |
||||||
| Current liabilities |
||||||
| Accounts payable |
$ |
7,459 |
$ |
9,418 |
||
| Deferred income and customer prepayments |
81,501 |
84,869 |
||||
| Accrued liabilities |
17,277 |
19,100 |
||||
| Income tax liabilities |
3,223 |
3,848 |
||||
| 109,460 |
117,235 |
|||||
| Non-current liabilities |
||||||
| Accounts payable |
294 |
889 |
||||
| Deferred income and customer prepayments |
4,712 |
3,971 |
||||
| Deferred income tax liabilities |
5,407 |
6,842 |
||||
| 10,413 |
11,702 |
|||||
| Total liabilities |
119,873 |
128,937 |
||||
| Equity attributable to Company's shareholders |
||||||
| Common shares |
532 |
529 |
||||
| Treasury shares |
(200,089) |
(200,089) |
||||
| Other reserves |
162,225 |
161,242 |
||||
| Retained earnings |
224,419 |
209,924 |
||||
| Total Company shareholders' equity |
187,087 |
171,606 |
||||
| Non-controlling interests |
7,450 |
13,468 |
||||
| Total equity |
$ |
194,537 |
$ |
185,074 |
||
| Total liabilities and equity |
$ |
314,410 |
$ |
314,011 |
||
|
GLOBAL SOURCES LTD. AND SUBSIDIARIES CONSOLIDATED INCOME STATEMENTS (In U.S. Dollars Thousands, Except Number of Shares and Per Share Data)
|
||||||||||||
| Three months ended June 30, |
Six months ended June 30, |
|||||||||||
| 2015 |
2014 |
2015 |
2014 |
|||||||||
| (Unaudited) |
(Unaudited) |
(Unaudited) |
(Unaudited) |
|||||||||
| Revenue: |
||||||||||||
| Online and other media services (Note 2) |
$ |
17,721 |
$ |
21,022 |
$ |
35,730 |
$ |
42,381 |
||||
| Exhibitions |
46,096 |
32,412 |
46,171 |
41,272 |
||||||||
| Miscellaneous |
2,137 |
2,051 |
4,015 |
3,813 |
||||||||
| 65,954 |
55,485 |
85,916 |
87,466 |
|||||||||
| Operating Expenses: |
||||||||||||
| Sales (Note 3) |
18,798 |
18,270 |
24,693 |
26,506 |
||||||||
| Event production |
12,197 |
8,991 |
12,224 |
10,742 |
||||||||
| Community and content (Note 3) |
6,677 |
5,919 |
10,203 |
10,335 |
||||||||
| General and administrative (Note 3 & 4) |
10,635 |
12,819 |
20,752 |
26,004 |
||||||||
| Information and technology (Note 3) |
3,245 |
2,939 |
6,452 |
6,012 |
||||||||
| Total Operating Expenses |
51,552 |
48,938 |
74,324 |
79,599 |
||||||||
| Profit on sale of subsidiary |
6,159 |
- |
6,159 |
- |
||||||||
| Profit from Operations |
20,561 |
6,547 |
17,751 |
7,867 |
||||||||
| Interest income |
273 |
311 |
566 |
707 |
||||||||
| Gain on sale of available-for-sale securities |
90 |
- |
136 |
10 |
||||||||
| Interest expenses |
(13) |
(45) |
(59) |
(92) |
||||||||
| Profit before Income Taxes |
20,911 |
6,813 |
18,394 |
8,492 |
||||||||
| Income tax expense |
(2,684) |
(440) |
(2,549) |
(830) |
||||||||
| Net Profit from continuing operations |
$ |
18,227 |
$ |
6,373 |
$ |
15,845 |
$ |
7,662 |
||||
| Net Profit/(loss) from discontinued |
(187) |
(293) |
(392) |
(699) |
||||||||
| Net profit |
$ |
18,040 |
$ |
6,080 |
$ |
15,453 |
$ |
6,963 |
||||
| Net (profit)/loss attributable to non-controlling |
||||||||||||
| Continuing operations |
(1,562) |
712 |
(1,222) |
(242) |
||||||||
| Discontinued operations |
144 |
195 |
264 |
411 |
||||||||
| Total |
(1,418) |
907 |
(958) |
169 |
||||||||
| Net profit/(loss) attributable to the Company's |
||||||||||||
| Continuing operations |
$ |
16,665 |
$ |
7,085 |
$ |
14,623 |
$ |
7,420 |
||||
| Discontinued operations |
(43) |
(98) |
(128) |
(288) |
||||||||
| Total |
$ |
16,622 |
$ |
6,987 |
$ |
14,495 |
$ |
7,132 |
||||
| Diluted net profit/(loss) per share |
||||||||||||
| Continuing operations |
$ |
0.52 |
$ |
0.20 |
$ |
0.46 |
$ |
0.21 |
||||
| Discontinued operations |
* |
* |
* |
(0.01) |
||||||||
| Total |
$ |
0.52 |
$ |
0.20 |
$ |
0.46 |
$ |
0.20 |
||||
| Shares used in diluted net profit per share calculations |
31,743,270 |
35,183,171 |
31,534,448 |
35,672,551 |
||||||||
| * Diluted net loss per share attributable to the Company's shareholders from discontinued operations is less than $0.01 |
||||||||||||
| Note: 1. Total revenue from both the continuing operations and discontinued operations during the three months and six months |
||||||||||||
| Three months ended June 30, |
Six months ended June 30, |
|||||||||||
| 2015 |
2014 |
2015 |
2014 |
|||||||||
| (Unaudited) |
(Unaudited) |
(Unaudited) |
(Unaudited) |
|||||||||
| Continuing operations |
$ |
65,954 |
$ |
55,485 |
$ |
85,916 |
$ |
87,466 |
||||
| Discontinued operations |
2,535 |
2,852 |
4,776 |
5,341 |
||||||||
| $ |
68,489 |
$ |
58,337 |
$ |
90,692 |
$ |
92,807 |
|||||
| Note: 2. Online and other media services consists of: |
||||||||||||
| Three months ended June 30, |
Six months ended June 30, |
|||||||||||
| 2015 |
2014 |
2015 |
2014 |
|||||||||
| (Unaudited) |
(Unaudited) |
(Unaudited) |
(Unaudited) |
|||||||||
| Online services |
$ |
16,440 |
$ |
19,293 |
$ |
33,201 |
$ |
39,200 |
||||
| Print services |
1,281 |
1,729 |
2,529 |
3,181 |
||||||||
| $ |
17,721 |
$ |
21,022 |
$ |
35,730 |
$ |
42,381 |
|||||
| Note: 3. Non-cash compensation expenses associated with the several equity compensation plans and Global Sources Directors |
||||||||||||
| Three months ended June 30, |
Six months ended June 30, |
|||||||||||
| 2015 |
2014 |
2015 |
2014 |
|||||||||
| (Unaudited) |
(Unaudited) |
(Unaudited) |
(Unaudited) |
|||||||||
| Sales |
$ |
141 |
$ |
139 |
$ |
178 |
$ |
146 |
||||
| Community and content |
31 |
27 |
41 |
(32) |
||||||||
| General and administrative |
404 |
347 |
768 |
530 |
||||||||
| Information and technology |
56 |
50 |
133 |
120 |
||||||||
| $ |
632 |
$ |
563 |
$ |
1,120 |
$ |
764 |
|||||
| Note: 4. General and administrative expenses consist of: |
||||||||||||
| Three months ended June 30, |
Six months ended June 30, |
|||||||||||
| 2015 |
2014 |
2015 |
2014 |
|||||||||
| (Unaudited) |
(Unaudited) |
(Unaudited) |
(Unaudited) |
|||||||||
| General and administrative expenses before |
$ |
9,627 |
$ |
9,395 |
$ |
18,305 |
$ |
17,692 |
||||
| Amortization of intangible assets |
989 |
1,354 |
2,107 |
4,659 |
||||||||
| Impairment charge on intangible assets |
- |
2,238 |
- |
2,238 |
||||||||
| Foreign exchange losses (gains) |
19 |
(168) |
340 |
1,415 |
||||||||
| $ |
10,635 |
$ |
12,819 |
$ |
20,752 |
$ |
26,004 |
|||||
| 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, |
|||||||||||||
| 2015 |
2014 |
2015 |
2014 |
|||||||||||
| IFRS diluted net profit per share |
$ |
0.52 |
$ |
0.20 |
$ |
0.46 |
$ |
0.20 |
||||||
| IFRS Net Profit |
$ |
16,622 |
$ |
6,987 |
$ |
14,495 |
$ |
7,132 |
||||||
| Non-cash stock based compensation expense (Note 1) |
632 |
563 |
1,120 |
764 |
||||||||||
| Amortization of intangibles (Note 2) |
82 |
151 |
293 |
404 |
||||||||||
| Impairment of goodwill and intangibles (Note 3) |
- |
1,678 |
- |
1,678 |
||||||||||
| Profit on sale of subsidiary |
(6,159) |
- |
(6,159) |
- |
||||||||||
| Non-IFRS Net Profit |
$ |
11,177 |
$ |
9,379 |
$ |
9,749 |
$ |
9,978 |
||||||
| Non-IFRS diluted net profit per share |
$ |
0.35 |
$ |
0.27 |
$ |
0.31 |
$ |
0.28 |
||||||
| Total shares used in non-IFRS diluted net profit |
||||||||||||||
| per share calculations |
31,743,270 |
35,183,171 |
31,534,448 |
35,672,551 |
||||||||||
| 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, |
|||||||||||||
| 2015 |
2014 |
2015 |
2014 |
|||||||||||
| IFRS profit from operations |
$ |
20,295 |
$ |
6,203 |
$ |
17,083 |
$ |
7,061 |
||||||
| Depreciation and amortization |
2,620 |
2,819 |
5,365 |
7,665 |
||||||||||
| EBITDA |
22,915 |
9,022 |
22,448 |
14,726 |
||||||||||
| Non-cash stock based compensation expense |
632 |
563 |
1,120 |
764 |
||||||||||
| Impairment of goodwill and intangibles |
- |
2,238 |
- |
2,238 |
||||||||||
| Profit on sale of subsidiary |
(6,159) |
- |
(6,159) |
- |
||||||||||
| Adjusted EBITDA |
$ |
17,388 |
$ |
11,823 |
$ |
17,409 |
$ |
17,728 |
||||||
| 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, |
|||||
| 2015 |
2014 |
|||||
| Revenue |
$86.0 |
to |
$88.0 |
$91.8 |
||
| IFRS EPS |
$0.50 |
to |
$0.55 |
$0.32 |
||
| 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 |
|||
| Gain on sale of investment property, net of transaction costs & |
(0.29) |
(0.29) |
- |
|||
| Non-IFRS diluted net income per share |
$0.26 |
to |
$0.31 |
$0.36 |
||
| Total shares used in non-IFRS diluted net income |
||||||
| per share calculations |
26,331,586 |
26,331,586 |
31,490,737 |
|||
| 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. |
||||||
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