 |
纽约2014年11月13日电 /美通社/ -- 环球资源Global Sources Ltd. (NASDAQ: GSOL) 公布截至2014年9月30日的第三季度业绩报告。
环球资源执行董事长韩礼士 (Merle A. Hinrich) 先生表示：“在2014年第三季，环球资源的一系列展览会致力于为国际贸易及中国内贸买家社群提供服务，其中包括8月份在印尼雅加达举办的首届‘环球资源展’。同时，多场服务中国内贸市场的展览会也于第三季度举办，包括IIC-China、‘中国国际光电博览会’、‘环球资源移动及无线产品展’及‘第十四届中国 (深圳) 国际品牌服装服饰交易会’。”
韩先生指出：“公司为国际出口贸易市场举办的‘环球资源展’秋季展系列在10月份圆满结束，共计展示超过7,500个展位并吸引了逾75,000名买家到场参观。本届秋季展系列以‘电子产品及零件展’揭开序幕，聚焦家用、车载及办公室电子产品；而全新的‘移动电子产品展’则集中展示各式各样新颖的个人电子产品，如智能手机、平板电脑、无线设备、可穿戴设备及配件。两个展会为买家提供了最广泛全面的产品选择并取得了重大的成功，两大展会共计展示约5,200个展位并吸引了来自148个国家逾52,000名买家前来参观，与今年春季展相比展位数目增长逾25%，而参观买家人数更录得逾36%的升幅。第二期展会主要展示礼赠品和家居用品，而第三期展会则以流行服饰配件及成衣产品为主。总体来说，公司展览会业务的发展趋势是长远且正面的，我们为此感到十分鼓舞。”
业绩要览：2014年第三季与2013年第三季之年度比较分析
业绩要览：截至2014年9月30日的九个月与2013年同期之年度比较分析
环球资源首席财务官赖秀琴女士表示：“我们重申环球资源2014年下半年的业绩指引。我们预计公司在2014年下半年的营收比例将为网站业务占36%至37%，展览会业务占53%至54%，杂志业务占5%至6%，其它业务则约占3%。而 2013年下半年公司营收比例为网站业务约占42%，展览会业务占49%，杂志业务占6%及其它业务占3%。”
依据“国际财务报告准则”计算的2014年下半年财务展望
近期企业要览
环球资源2014年第三季度业绩投资者电话会议
环球资源执行主席韩礼士先生及财务总监赖秀琴女士将于美国东部时间2014年11月13日上午8时 (香港时间2014年11月13日晚上9时) 主持投资者电话会议，旨在回顾公司2014年第三季度的业绩。美国投资者如欲参与本次电话会议，请拨打 (888) 819-8018；香港以外的国际投资者可拨打 (1-913) 312-1412。香港投资者则可拨打本地电话号码 (852) 3008-0382，并向接线生提供本次电话会议的编号 1137202，同时请提早10分钟拨打上述电话号码，以确保在会议开始时所有参与者均已联机。有关的电话会议也将于环球资源企业网站作网上直播，详情请浏览 http://www.investor.globalsources.com。
本次电话会议的网上广播将于环球资源企业网站转载至少30天，以供未能参与本次电话会议者收听。有兴趣人士也可由电话会议进行当日至 2014年11月20日期间收听本次电话会议之回放。如欲收听有关电话会议回放，请拨打 (888) 203-1112，或美国以外地区请拨打 (1-719) 457-0820，并输入密码 1137202。香港投资者则可拨打 (800) 901-108，并输入密码 1137202。
环球资源
环球资源是一家领先业界的多渠道B2B媒体公司，致力于促进大中华地区的对外贸易。
公司的核心业务是通过一系列英文媒体，包括环球资源网站 (GlobalSources.com)、印刷及电子杂志、采购资讯报告、“买家专场采购会”及贸易展览会，促进亚洲与全球各国的贸易往来。
超过100万名国际买家、当中包括95家来自全球百强零售商，使用环球资源提供的服务了解供应商及产品的资料，帮助他们在复杂的供应市场进行高效采购。另一方面，供应商借助环球资源提供的整合出口推广服务，提升公司形象、获得销售查询，赢得来自逾240个国家及地区的买家订单。
环球资源也通过一系列中文媒体协助海内外企业在大中华地区行销，当中包括网站、印刷及电子杂志、研讨会及贸易展览会。环球资源在中国设有超过30个办事机构，公司的中文媒体拥有逾500万名网上注册用户及杂志读者。
环球资源于2000年在美国纳斯达克股票市场公开上市，如今已经成功迈向第5个十年。
环球资源未按“国际财务报告准则”计算方法
环球资源管理层认为未按“国际财务报告准则”(Non-IFRS) 计算方法是有效反映营运状况的计算方法，因此于本新闻稿末部提供按“国际财务报告准则”(IFRS) 计算及未按“国际财务报告准则”计算的对帐表。
环球资源将过往及将来未按“国际财务报告准则”计算的净收入 (non-IFRS net income) 定义为： 按“国际财务报告准则”计算的净收入扣除非现金股票费用、与公司数个股权补偿计划相关的无形资产摊销费用、公司任何购并及投资所得的收益或亏损及相关的交易及税务费用，及 /或公司所有扣除相关税务费用的减值支出。而未按“国际财务报告准则”计算的每股盈利 (Non-IFRS EPS) 的定义为：未按“国际财务报告准则”计算的净收入除以已发行普通股的摊薄加权平均股数。经调整EBITDA则是指扣除利息、税项、 折旧、摊销、股票补偿费用、商誉及无形资产减值、任何购并及投资所得的收益或亏损及相关的交易及税务费用前的盈利。
前瞻性陈述
本新闻稿中的前瞻性声明是根据经修订的证券法 (1933年) 第27-A条及经修订的证券交易所法 (1934年) 第21-E条而作出的。由于公司业务﹑宏观经济情况及作出上述声明的假设或会发生变化，可能使公司实际业绩与此前瞻性声明有所出入。
(财务报告详见附页)
| GLOBAL SOURCES LTD. AND SUBSIDIARIES |
|||||||
| CONSOLIDATED BALANCE SHEETS |
|||||||
| (In U.S. Dollars Thousands, Except Number of Shares and Per Share Data) |
|||||||
| As at September 30, |
As at December 31, |
||||||
| 2014 |
2013 |
||||||
| (Unaudited) |
|||||||
| ASSETS |
|||||||
| Current assets |
|||||||
| Cash and cash equivalents |
$ |
87,757 |
$ |
137,359 |
|||
| Term deposits with banks |
3,954 |
106 |
|||||
| Financial assets, available-for-sale |
3,954 |
6,367 |
|||||
| Accounts receivables, net |
2,714 |
3,122 |
|||||
| Receivables from sales representatives |
13,505 |
10,630 |
|||||
| Inventories |
214 |
266 |
|||||
| Prepaid expenses and other current assets |
24,108 |
18,544 |
|||||
| 136,206 |
176,394 |
||||||
| Non-current assets |
|||||||
| Property and equipment |
64,516 |
49,701 |
|||||
| Investment properties |
86,924 |
89,615 |
|||||
| Intangible assets |
38,396 |
21,423 |
|||||
| Long term investment |
100 |
100 |
|||||
| Deferred income tax assets |
246 |
98 |
|||||
| Other non-current assets |
2,109 |
1,766 |
|||||
| 192,291 |
162,703 |
||||||
| Total assets |
$ |
328,497 |
$ |
339,097 |
|||
| LIABILITIES AND SHAREHOLDERS' EQUITY |
|||||||
| Current liabilities |
|||||||
| Accounts payable |
$ |
10,408 |
$ |
8,779 |
|||
| Deferred income and customer prepayments |
99,060 |
84,704 |
|||||
| Accrued liabilities |
21,150 |
19,166 |
|||||
| Income tax liabilities |
4,473 |
2,635 |
|||||
| 135,091 |
115,284 |
||||||
| Non-current liabilities |
|||||||
| Accounts Payable |
886 |
- |
|||||
| Deferred income and customer prepayments |
7,709 |
5,660 |
|||||
| Deferred income tax liabilities |
6,942 |
4,591 |
|||||
| 15,537 |
10,251 |
||||||
| Total liabilities |
150,628 |
125,535 |
|||||
| Equity attributable to Company's shareholders |
|||||||
| Common shares |
529 |
525 |
|||||
| Treasury shares |
(200,089) |
(150,089) |
|||||
| Other reserves |
162,050 |
161,950 |
|||||
| Retained earnings |
200,643 |
191,594 |
|||||
| Total Company shareholders' equity |
163,133 |
203,980 |
|||||
| Non-controlling interests |
14,736 |
9,582 |
|||||
| Total equity |
$ |
177,869 |
$ |
213,562 |
|||
| Total liabilities and equity |
$ |
328,497 |
$ |
339,097 |
|||
| GLOBAL SOURCES LTD. AND SUBSIDIARIES |
|||||||||||||
| CONSOLIDATED INCOME STATEMENTS |
|||||||||||||
| (In U.S. Dollars Thousands, Except Number of Shares and Per Share Data) |
|||||||||||||
| Three months ended September 30, |
Nine months ended September 30, |
||||||||||||
| 2014 |
2013 |
2014 |
2013 |
||||||||||
| (Unaudited) |
(Unaudited) |
(Unaudited) |
(Unaudited) |
||||||||||
| Revenue: |
|||||||||||||
| Online and other media services (Note 1) |
$ |
23,081 |
$ |
25,417 |
$ |
70,787 |
$ |
79,593 |
|||||
| Exhibitions |
17,562 |
17,624 |
58,834 |
52,399 |
|||||||||
| Miscellaneous |
1,895 |
1,726 |
5,724 |
5,466 |
|||||||||
| 42,538 |
44,767 |
135,345 |
137,458 |
||||||||||
| Operating Expenses: |
|||||||||||||
| Sales (Note 2) |
11,766 |
11,153 |
40,056 |
41,418 |
|||||||||
| Event production |
4,533 |
4,431 |
15,352 |
15,081 |
|||||||||
| Community and content (Note 2) |
6,645 |
6,670 |
19,043 |
20,402 |
|||||||||
| General and administrative (Note 2 & 3) |
12,303 |
10,990 |
40,256 |
34,146 |
|||||||||
| Information and technology (Note 2) |
3,226 |
3,164 |
9,512 |
9,639 |
|||||||||
| Total Operating Expenses |
38,473 |
36,408 |
124,219 |
120,686 |
|||||||||
| Profit on sale of property |
- |
- |
- |
15,410 |
|||||||||
| Profit from Operations |
4,065 |
8,359 |
11,126 |
32,182 |
|||||||||
| Interest income |
296 |
467 |
1,046 |
1,088 |
|||||||||
| Gain on sale of available-for -sale securities |
1 |
- |
11 |
- |
|||||||||
| Interest expenses |
(47) |
- |
(139) |
- |
|||||||||
| Profit before Income Taxes |
4,315 |
8,826 |
12,044 |
33,270 |
|||||||||
| Income tax expense |
(1,077) |
(1,657) |
(1,843) |
(4,326) |
|||||||||
| Net Profit |
$ |
3,238 |
$ |
7,169 |
$ |
10,201 |
$ |
28,944 |
|||||
| Net (profit)/loss attributable to non-controlling |
(1,321) |
(1,813) |
(1,152) |
(1,193) |
|||||||||
| Net profit attributable to the Company's |
$ |
1,917 |
$ |
5,356 |
$ |
9,049 |
$ |
27,751 |
|||||
| Diluted net profit per share attributable to |
$ |
0.06 |
$ |
0.15 |
$ |
0.26 |
$ |
0.77 |
|||||
| Shares used in diluted net profit per share |
31,487,766 |
36,186,254 |
34,166,224 |
36,045,545 |
|||||||||
| Note: 1. Online and other media services consists of: |
|||||||||||||
| Three months ended September 30, |
Nine months ended September 30, |
||||||||||||
| 2014 |
2013 |
2014 |
2013 |
||||||||||
| (Unaudited) |
(Unaudited) |
(Unaudited) |
(Unaudited) |
||||||||||
| Online services |
$ |
20,252 |
$ |
22,046 |
$ |
62,348 |
$ |
69,710 |
|||||
| Print services |
2,829 |
3,371 |
8,439 |
9,883 |
|||||||||
| $ |
23,081 |
$ |
25,417 |
$ |
70,787 |
$ |
79,593 |
||||||
| 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 September 30, |
Nine months ended September 30, |
||||||||||||
| 2014 |
2013 |
2014 |
2013 |
||||||||||
| (Unaudited) |
(Unaudited) |
(Unaudited) |
(Unaudited) |
||||||||||
| Sales |
$ |
140 |
$ |
159 |
$ |
286 |
$ |
386 |
|||||
| Community and content |
27 |
28 |
(5) |
12 |
|||||||||
| General and administrative |
366 |
368 |
896 |
971 |
|||||||||
| Information and technology |
52 |
54 |
172 |
193 |
|||||||||
| $ |
585 |
$ |
609 |
$ |
1,349 |
$ |
1,562 |
||||||
| Note: 3. General and administrative expenses consist of: |
|||||||||||||
| Three months ended September 30, |
Nine months ended September 30, |
||||||||||||
| 2014 |
2013 |
2014 |
2013 |
||||||||||
| (Unaudited) |
(Unaudited) |
(Unaudited) |
(Unaudited) |
||||||||||
| General and administrative expenses before |
$ |
11,083 |
$ |
10,556 |
$ |
30,350 |
$ |
30,146 |
|||||
| Amortization of intangible assets |
1,376 |
627 |
6,347 |
2,097 |
|||||||||
| Impairment charge on intangible assets |
- |
- |
2,238 |
2,531 |
|||||||||
| Foreign exchange losses (gains) |
(156) |
(193) |
1,321 |
(628) |
|||||||||
| $ |
12,303 |
$ |
10,990 |
$ |
40,256 |
$ |
34,146 |
||||||
| 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 September 30, |
Nine months ended September 30, |
|||||||||||||
| 2014 |
2013 |
2014 |
2013 |
|||||||||||
| IFRS EPS |
$ |
0.06 |
$ |
0.15 |
$ |
0.26 |
$ |
0.77 |
||||||
| IFRS Net Profit |
$ |
1,917 |
$ |
5,356 |
$ |
9,049 |
$ |
27,751 |
||||||
| Non-cash stock based compensation expense (Note 1) |
585 |
609 |
1,349 |
1,562 |
||||||||||
| Amortization of intangibles (Note 2) |
104 |
167 |
508 |
594 |
||||||||||
| Impairment of goodwill and intangibles (Note 3) |
- |
- |
1,678 |
2,531 |
||||||||||
| Profit on sale of property, net of transaction costs & related tax expenses |
- |
- |
- |
(13,124) |
||||||||||
| Non-IFRS Net Profit |
$ |
2,606 |
$ |
6,132 |
$ |
12,584 |
$ |
19,314 |
||||||
| Non-IFRS diluted net profit per share |
$ |
0.08 |
$ |
0.17 |
$ |
0.37 |
$ |
0.54 |
||||||
| Total shares used in non-IFRS diluted net profit |
||||||||||||||
| per share calculations |
31,487,766 |
36,186,254 |
34,166,224 |
36,045,545 |
||||||||||
| 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 September 30, |
Nine months ended September 30, |
||||||||||||
| 2014 |
2013 |
2014 |
2013 |
||||||||||
| IFRS profit from operations |
$ |
4,065 |
$ |
8,359 |
$ |
11,126 |
$ |
32,182 |
|||||
| Depreciation and amortization |
2,782 |
2,038 |
10,447 |
6,487 |
|||||||||
| EBITDA |
6,847 |
10,397 |
21,573 |
38,669 |
|||||||||
| Non-cash stock based compensation expense |
585 |
609 |
1,349 |
1,562 |
|||||||||
| Impairment of goodwill and intangibles |
- |
- |
2,238 |
2,531 |
|||||||||
| Profit on sale of property, net of transaction costs |
- |
- |
- |
(15,410) |
|||||||||
| Adjusted EBITDA |
$ |
7,432 |
$ |
11,006 |
$ |
25,160 |
$ |
27,352 |
|||||
| 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 |
||||||
| per share calculations |
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. |
||||||
有关完整的财务报告，请浏览：http://photos.prnasia.com/prnk/20141112/8521406752
| 如需查询，请联络： |
|
| 传媒联络 |
|
| 亚洲地区 |
中国地区 |
| 环球资源Global Sources |
环球资源Global Sources |
| 苏慧雯 |
纪宾宾 |
| 电话：(852) 2555 5040 |
电话：(86-10) 5927 1582 |
| 投资者联络： |
|
| 亚洲地区 |
美国 |
| 环球资源Global Sources |
LHA |
| 赖秀琴 |
Cathy Mattison |
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