- 2011年第一季凈營業(yè)收入上升6%，主要由公司網(wǎng)上業(yè)務(wù)營收錄得17%的增長所帶動 –
- 2011年第一季按“國際財務(wù)報告準則”計算每股盈利為0.10美元，未按“國際財務(wù)報告準則”計算每股盈利為0.12美元 -
- 公司重申2011年上半年凈營業(yè)收入指引：預(yù)計凈營業(yè)收入將有介乎9%至10%的增長 -
紐約2011年5月11日電 /美通社亞洲/ -- 環(huán)球資源Global Sources Ltd. (NASDAQ: GSOL) 公布截至 2011年3月31日的2011年第一季度業(yè)績報告。
環(huán)球資源董事長兼首席執(zhí)行官韓禮士 (Merle A. Hinrichs) 先生表示：“環(huán)球資源在2011年第一季的凈營業(yè)收入增長主要由網(wǎng)上業(yè)務(wù)營收錄得17%的升幅所帶動。另一方面，從2011年初至今，我們公布了三項特別值得注意的項目：在四月份環(huán)球資源推出了業(yè)界首創(chuàng)的‘在線展會’，我們預(yù)期‘在線展會’將可以提高公司‘面對面’展會的價值及市場領(lǐng)導(dǎo)地位；此外，公司也完成了一個并購項目以進一步提升我們在亞洲電子行業(yè)的領(lǐng)導(dǎo)地位；而環(huán)球資源也將在印度舉辦一個全新的展會，此展會的舉辦標志著公司正式進入印度的商對商內(nèi)貿(mào)市場?！?/p>
業(yè)績要覽：2011年第一季與2010年第一季之年度比較分析
環(huán)球資源在公司2010年第四季業(yè)績報告的新聞稿中公布，公司將按照“國際財務(wù)報告準則” (International Financial Reporting Standards，IFRS) 編制所有與公司財務(wù)狀況相關(guān)的報告及文件，當(dāng)中包括向美國證券交易委員會提交的財務(wù)報告。
環(huán)球資源未按“國際財務(wù)報告準則”計算方法
環(huán)球資源管理層認為未按“國際財務(wù)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(wù)報告準則” (IFRS) 計算及未按“國際財務(wù)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(wù)報告準則”計算的凈收入 (non-IFRS net income) 定義為： 按“國際財務(wù)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、公司任何購并及投資所得的收益或虧損，及 /或公司所有減損支出。而未按“國際財務(wù)報告準則”計算的每股盈利 (Non-IFRS EPS) 的定義為：未按“國際財務(wù)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)減值前的盈利。
環(huán)球資源首席財務(wù)官賴秀琴女士表示：“我們在此重申環(huán)球資源在2011年上半年的凈營業(yè)收入指引，預(yù)計公司2011年上半年的凈營業(yè)收入與去年同期比較將有介乎9%至10%之間的增長。而在2011年第二季公司的凈營業(yè)收入預(yù)計將有介乎11%至12%之間的增長，有關(guān)的升幅主要由公司網(wǎng)上及展覽會業(yè)務(wù)的營收不斷穩(wěn)健地增長所驅(qū)動?！?/p>
賴女士指出：“我們預(yù)計公司在2011年上半年的營收比例將為網(wǎng)站業(yè)務(wù)占54%至55%，展覽會業(yè)務(wù)占32%至33%，雜志業(yè)務(wù)占10%至11%，其它業(yè)務(wù)則約占2%。而2010年上半年公司營收比例為網(wǎng)站業(yè)務(wù)約占49%，展覽會業(yè)務(wù)占34%，雜志業(yè)務(wù)占15%及其它業(yè)務(wù)占2%?！?/p>
依據(jù)IFRS計算的2011年上半年財務(wù)展望
近期企業(yè)要覽
環(huán)球資源 2011年第一季度業(yè)績報告投資者電話會議
環(huán)球資源董事長兼首席執(zhí)行官韓禮士先生及首席財務(wù)官賴秀琴女士將于美國東部時間2011年5月11日上午8時 (香港時間2011年5月11日晚上8時) 主持投資者電話會議，旨在回顧公司2011年第一季度的業(yè)績。美國投資者如欲參加此次電話會議，請撥 (877) 941-2321；香港以外的國際投資者可撥 (1-480) 629-9714。香港投資者則可撥本地電話號碼 (852) 3009-5027，并向接線生提供本次電話會議的編號 4434773，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均已聯(lián)機。有關(guān)的電話會議亦將于環(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。
此次電話會議的網(wǎng)上廣播將于環(huán)球資源企業(yè)網(wǎng)站轉(zhuǎn)載最少30天，以供未能參加本次電話會議者收聽。有興趣人士亦可由電話會議進行當(dāng)日至2011年5月18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 (800) 406-7325，或美國以外地區(qū)撥 (1-303) 590-3030，并輸入密碼4434773。香港投資者則可撥本地電話號碼(852) 3056-2777，并輸入密碼4434773。
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(wù)是通過一系列英文媒體，促進大中華地區(qū)的出口貿(mào)易；同時，通過一系列中文媒體，協(xié)助海外企業(yè)在大中華地區(qū)行銷。
環(huán)球資源一方面為全球買家提供采購信息，另一方面為供應(yīng)商提供整合營銷服務(wù)。通過環(huán)球資源，超過100萬名活躍買家－ 包括全球25大頂級零售商 －在復(fù)雜的海外市場上進行有效益的采購。同時，供應(yīng)商借助環(huán)球資源提供的各種有效媒體，向遍布超過240個國家和地區(qū)的買家推廣和銷售產(chǎn)品。
環(huán)球資源提供業(yè)界齊全面的貿(mào)易媒體和出口推廣服務(wù)，包括14個網(wǎng)站、13本月刊及18本數(shù)字版雜誌、超過90本采購資訊報告、以及每年在9個城市舉行73場專業(yè)的貿(mào)易展覽會。 每年，來自逾262,000家供應(yīng)商的超過570萬種的產(chǎn)品信息，通過環(huán)球資源的各種媒體到達目標買家。僅在環(huán)球資源網(wǎng)站(http://www.globalsources.com），買家社群每年向已核實供應(yīng)商發(fā)出的采購查詢就已經(jīng)超過1億2,700萬宗。
環(huán)球資源擁有40年促進國際貿(mào)易的成功紀錄，公司在全球有約60個城市設(shè)有辦事機構(gòu)。環(huán)球資源植根中國大陸也已30年，在中國超過40個城市設(shè)有銷售代表辦事機構(gòu)，并擁有約2,700名團隊成員，通過中文雜志和網(wǎng)站服務(wù)超過280萬讀者。
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(wù)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 March 31, |
As at December 31, |
||||
| 2011 |
2010 |
||||
| (Unaudited) |
|||||
| ASSETS |
|||||
| Current assets |
|||||
| Cash and cash equivalents |
$ 121,777 |
$ 101,298 |
|||
| Term deposits with banks |
1,038 |
1,411 |
|||
| Accounts receivables |
3,869 |
3,919 |
|||
| Receivables from sales representatives |
8,939 |
8,248 |
|||
| Inventories |
426 |
435 |
|||
| Prepaid expenses and other current assets |
26,191 |
20,269 |
|||
| 162,240 |
135,580 |
||||
| Non-current assets |
|||||
| Property and equipment |
77,177 |
76,514 |
|||
| Intangible assets |
10,161 |
10,449 |
|||
| Long term investment |
100 |
100 |
|||
| Deferred income tax assets |
509 |
504 |
|||
| Other non-current assets |
3,275 |
2,556 |
|||
| 91,222 |
90,123 |
||||
| Total assets |
$ 253,462 |
$ 225,703 |
|||
| LIABILITIES AND SHAREHOLDERS' EQUITY |
|||||
| Current liabilities |
|||||
| Accounts payable |
$ 7,865 |
$ 9,600 |
|||
| Deferred income and customer prepayments |
113,730 |
90,617 |
|||
| Accrued liabilities |
12,755 |
14,269 |
|||
| Income tax liabilities |
646 |
650 |
|||
| 134,996 |
115,136 |
||||
| Non-current liabilities |
|||||
| Deferred income and customer prepayments |
10,264 |
6,710 |
|||
| Deferred income tax liabilities |
1,371 |
1,397 |
|||
| 11,635 |
8,107 |
||||
| Total liabilities |
146,631 |
123,243 |
|||
| Equity attributable to Company's shareholders |
|||||
| Common shares |
517 |
516 |
|||
| Treasury shares |
(150,089) |
(150,089) |
|||
| Other reserves |
147,461 |
146,691 |
|||
| Retained earnings |
100,713 |
97,177 |
|||
| Total Company shareholders' equity |
98,602 |
94,295 |
|||
| Non-controlling interests |
8,229 |
8,165 |
|||
| Total equity |
$ 106,831 |
$ 102,460 |
|||
| Total liabilities and equity |
$ 253,462 |
$ 225,703 |
|||
| GLOBAL SOURCES LTD. AND SUBSIDIARIES CONSOLIDATED INCOME STATEMENTS (In U.S. Dollars Thousands, Except Number of Shares and Per Share Data) |
|||||
| Three months ended March 31, |
|||||
| 2011 |
2010 |
||||
| (Unaudited) |
(Unaudited) |
||||
| Revenue |
|||||
| Online and other media services (Note 1) |
$ 31,982 |
$ 29,921 |
|||
| Exhibitions |
4,381 |
4,505 |
|||
| Miscellaneous |
1,173 |
1,111 |
|||
| 37,536 |
35,537 |
||||
| Operating Expenses: |
|||||
| Sales (Note 2) |
14,439 |
12,960 |
|||
| Event production |
1,052 |
1,184 |
|||
| Community and content (Note 2) |
7,022 |
7,317 |
|||
| General and administrative (Note 2) |
8,243 |
7,336 |
|||
| Information and technology (Note 2) |
3,173 |
2,849 |
|||
| Total Operating Expenses |
33,929 |
31,646 |
|||
| Profit from Operations |
3,607 |
3,891 |
|||
| Interest income |
48 |
259 |
|||
| Profit before income taxes |
3,655 |
4,150 |
|||
| Income tax expense |
(55) |
(104) |
|||
| Net profit |
$ 3,600 |
$ 4,046 |
|||
| Net profit attributable to non-controlling interests |
(64) |
(351) |
|||
| Net profit attributable to the Company's shareholders |
$ 3,536 |
$ 3,695 |
|||
| Diluted net profit per share attributable to the Company's shareholders |
$ 0.10 |
$ 0.08 |
|||
| Shares used in diluted net profit per share calculations |
35,349,989 |
46,135,941 |
|||
| Note: 1. Online and other media services consists of: |
|
| Three months ended March 31, |
|||||
| 2011 |
2010 |
||||
| (Unaudited) |
(Unaudited) |
||||
Online services |
$ 27,239 |
$ 23,230 |
|||
| Print Services |
4,743 |
6,691 |
|||
| $ 31,982 |
$ 29,921 |
||||
| 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 March 31, |
|||||
| 2011 |
2010 |
||||
| (Unaudited) |
(Unaudited) |
||||
Sales |
$ 118 |
$ (39) |
|||
| Community and content |
27 |
47 |
|||
| General and administrative |
146 |
282 |
|||
| Information and technology |
79 |
76 |
|||
| $ 370 |
$ 366 |
||||
| 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 March 31, |
||||
| 2011 |
2010 |
|||
| IFRS EPS |
$ 0.10 |
$ 0.08 |
||
| IFRS Net Profit |
$ 3,536 |
$ 3,695 |
||
| Non-cash stock based compensation expense (Note 1) |
370 |
366 |
||
| Amortization of intangibles (Note 2) |
190 |
115 |
||
| Non-IFRS Net Profit |
$ 4,096 |
$ 4,176 |
||
| Non-IFRS diluted net profit per share |
$ 0.12 |
$ 0.09 |
||
| Total shares used in non-IFRS diluted net profit |
||||
| per share calculations |
35,349,989 |
46,135,941 |
||
| 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. |
||||
| GLOBAL SOURCES LTD. AND SUBSIDIARIES |
||||
| ADJUSTED EBITDA RECONCILIATION |
||||
| (In U.S. Dollars Thousands) |
||||
| Three months ended March 31, |
||||
| 2011 |
2010 |
|||
| IFRS profit from operations |
$ 3,607 |
$ 3,891 |
||
| Depreciation and amortization |
1,521 |
1,634 |
||
| EBITDA |
5,128 |
5,525 |
||
| Non-cash stock based compensation expense |
370 |
366 |
||
| Adjusted EBITDA |
$ 5,498 |
$ 5,891 |
||
| 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 June 30, |
ended June 30, |
||||||
| 2011 |
2010 |
||||||
| Revenue |
$102.5 |
to |
$103.5 |
$94.2 |
|||
| IFRS EPS |
$0.33 |
to |
$0.35 |
$0.26 |
|||
| Non-cash stock based compensation expense (Note 1) |
$0.04 |
$0.04 |
$0.03 |
||||
| Amortization of intangibles (Note 2) |
$0.01 |
$0.01 |
$0.00 |
||||
| Non-IFRS diluted net income per share |
$0.38 |
to |
$0.40 |
$0.29 |
|||
| Total shares used in non-IFRS diluted net income |
|||||||
| per share calculations |
35,429,327 |
35,429,327 |
46,069,180 |
||||
| 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)財務(wù)矩陣圖，請瀏覽:
http://www.mhfang.com/sa/attachment/2011/05/20110511752552.pdf
| GLOBAL SOURCES LTD. AND SUBSIDIARIES |
|||||||||||||||||||||||||
| ACTUAL GAAP TO IFRS RECONCILIATION |
|||||||||||||||||||||||||
| (In U.S. Dollars Thousands, Except Number of Shares and Per Share Data) |
|||||||||||||||||||||||||
| Three months |
|||||||||||||||||||||||||
| ended March 31, |
|||||||||||||||||||||||||
| 2010 |
|||||||||||||||||||||||||
| GAAP diluted EPS |
$ 0.06 |
||||||||||||||||||||||||
| Shares used in GAAP diluted net income per share calculations |
46,135,941 |
||||||||||||||||||||||||
| GAAP Net Income |
$ 2,589 |
||||||||||||||||||||||||
| IFRS conversion adjustments: |
|||||||||||||||||||||||||
| Revenue |
1,607 |
||||||||||||||||||||||||
| Exhibition promotion costs |
(761) |
||||||||||||||||||||||||
| Non-cash stock based compensation expense |
260 |
||||||||||||||||||||||||
| IFRS Net Profit |
$ 3,695 |
||||||||||||||||||||||||
| IFRS diluted EPS |
$ 0.08 |
||||||||||||||||||||||||
| Shares used in IFRS diluted net income per share calculations |
46,135,941 |
||||||||||||||||||||||||
| 傳媒聯(lián)絡(luò)：
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