纽约2015年3月26日电 /美通社/ -- 环球资源Global Sources Ltd. (NASDAQ: GSOL) 公布截至2014年12月31日的第四季度及全年业绩报告。
环球资源执行董事长韩礼士 (Merle A. Hinrich) 先生表示:“环球资源2014年第四季度的业绩主要受在香港举办的‘环球资源展’系列取得极佳的成绩,以及公司有效的成本控制所带动。我对于公司在2014年的整体表现感到满意,我们于年内推出了数个新的展览会,同时进一步提升了公司涵盖网站及展览会的整合外贸推广方案的整体价值。展望未来,我们将继续专注于加强公司的竞争优势,为买家及供应商社群提供特定行业线上线下整合推广方案。”
业绩要览:2014年第四季与2013年第四季之年度比较分析
业绩要览:截至 2014年12月31日全年与截至 2013年12月31日全年之年度比较分析
环球资源首席财务官赖秀琴女士表示:“公司在2014年第四季取得理想的业绩,源自展览会业务的净营业收入录得15%的升幅,抵销了源自网站业务的净营业收入10% 的跌幅,同时我们也谨慎控制公司的成本。公司的财务状况稳健,我们持有的现金总值为9,850万美元,同时没有任何债务。”
依据“国际财务报告准则”计算的2015年上半年财务展望
赖女士表示:“我们预计公司在2015年上半年的营收比例将为展览会业务占50%至51%,网站业务占38%至39%,杂志业务占5%至6%,其它业务则约占4%;这一比例反映了我们所提供的行业专门贸易展览会对公司整体业务所占比重上升的情况。而 2014年上半年公司营收比例为网站业务约占45%,展览会业务占45%,杂志业务占6%及其它业务占4%。”
近期企业要览
环球资源2014年第四季度及全年业绩投资者电话会议
环球资源执行董事长韩礼士先生及首席财务官赖秀琴女士将于美国东部时间2015年3月26日上午8时 (香港时间2015年3月26日晚上8时) 主持投资者电话会议,旨在回顾公司2014年第四季度及全年的业绩。美国投资者如欲参与本次电话会议,请拨打 (888) 765-5574;香港以外的国际投资者可拨打 (1-913) 312-1269。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 9303522,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现场直播,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 2015年4月2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 9303522。香港投资者则可拨打本地电话号码 (800) 901-108,并输入密码 9303522。
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 December 31, |
As at December 31, |
||||
2014 |
2013 |
||||
(Unaudited) |
|||||
ASSETS |
|||||
Current assets |
|||||
Cash and cash equivalents |
$ 90,223 |
$ 137,359 |
|||
Term deposits with banks |
4,285 |
106 |
|||
Financial assets, available-for-sale |
3,952 |
6,367 |
|||
Accounts receivables, net |
2,269 |
3,122 |
|||
Receivables from sales representatives |
7,900 |
10,630 |
|||
Inventories |
154 |
266 |
|||
Prepaid expenses and other current assets |
17,027 |
18,544 |
|||
125,810 |
176,394 |
||||
Non-current assets |
|||||
Property and equipment |
63,519 |
49,701 |
|||
Investment properties |
85,546 |
89,615 |
|||
Intangible assets |
37,732 |
21,423 |
|||
Long term investment |
100 |
100 |
|||
Deferred income tax assets |
196 |
98 |
|||
Other non-current assets |
1,108 |
1,766 |
|||
188,201 |
162,703 |
||||
Total assets |
$ 314,011 |
$ 339,097 |
|||
LIABILITIES AND SHAREHOLDERS' EQUITY |
|||||
Current liabilities |
|||||
Accounts payable |
$ 9,418 |
$ 8,779 |
|||
Deferred income and customer prepayments |
84,869 |
84,704 |
|||
Accrued liabilities |
19,100 |
19,166 |
|||
Income tax liabilities |
3,848 |
2,635 |
|||
117,235 |
115,284 |
||||
Non-current liabilities |
|||||
Accounts payable |
889 |
- |
|||
Deferred income and customer prepayments |
3,971 |
5,660 |
|||
Deferred income tax liabilities |
6,842 |
4,591 |
|||
11,702 |
10,251 |
||||
Total liabilities |
128,937 |
125,535 |
|||
Equity attributable to Company's shareholders |
|||||
Common shares |
529 |
525 |
|||
Treasury shares |
(200,089) |
(150,089) |
|||
Other reserves |
161,242 |
161,950 |
|||
Retained earnings |
209,924 |
191,594 |
|||
Total Company shareholders' equity |
171,606 |
203,980 |
|||
Non-controlling interests |
13,468 |
9,582 |
|||
Total equity |
$ 185,074 |
$ 213,562 |
|||
Total liabilities and equity |
$ 314,011 |
$ 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 December 31, |
Year ended December 31, |
|||||||
2014 |
2013 |
2014 |
2013 |
|||||
(Unaudited) |
(Unaudited) |
(Unaudited) |
||||||
Revenue: |
||||||||
Online and other media services (Note 1) |
$ 22,465 |
$ 25,036 |
$ 93,252 |
$ 104,629 |
||||
Exhibitions |
38,183 |
33,237 |
97,017 |
85,636 |
||||
Miscellaneous |
2,219 |
1,791 |
7,943 |
7,257 |
||||
62,867 |
60,064 |
198,212 |
197,522 |
|||||
Operating Expenses: |
||||||||
Sales (Note 2) |
20,749 |
20,540 |
60,805 |
61,958 |
||||
Event production |
9,728 |
9,322 |
25,080 |
24,403 |
||||
Community and content (Note 2) |
7,800 |
7,079 |
26,843 |
27,481 |
||||
General and administrative (Note 2 & 3) |
12,375 |
16,126 |
52,631 |
50,272 |
||||
Information and technology (Note 2) |
3,171 |
3,090 |
12,683 |
12,729 |
||||
Total Operating Expenses |
53,823 |
56,157 |
178,042 |
176,843 |
||||
Profit on sale of property |
- |
- |
- |
15,410 |
||||
Profit from Operations |
9,044 |
3,907 |
20,170 |
36,089 |
||||
Interest income |
268 |
384 |
1,314 |
1,472 |
||||
Gain on sale of available-for-sale securities |
- |
64 |
11 |
64 |
||||
Interest expenses |
(47) |
- |
(186) |
- |
||||
Profit before Income Taxes |
9,265 |
4,355 |
21,309 |
37,625 |
||||
Income tax expense |
(625) |
(427) |
(2,468) |
(4,753) |
||||
Net Profit |
$ 8,640 |
$ 3,928 |
$ 18,841 |
$ 32,872 |
||||
Net (profit)/loss attributable to non-controlling |
641 |
1,056 |
(511) |
(137) |
||||
Net profit attributable to the Company's |
||||||||
shareholders |
$ 9,281 |
$ 4,984 |
$ 18,330 |
$ 32,735 |
||||
Diluted net profit per share attributable to |
||||||||
the Company's shareholders |
$ 0.29 |
$ 0.14 |
$ 0.55 |
$ 0.91 |
||||
Shares used in diluted net profit per share |
||||||||
calculations |
31,516,581 |
36,196,122 |
33,482,371 |
36,068,326 |
||||
Note: 1. Online and other media services consists of: |
||||||||
Three months ended December 31, |
Year ended December 31, |
|||||||
2014 |
2013 |
2014 |
2013 |
|||||
(Unaudited) |
(Unaudited) |
(Unaudited) |
||||||
Online services |
$ 19,525 |
$ 21,712 |
$ 81,873 |
$ 91,422 |
||||
Print services |
2,940 |
3,324 |
11,379 |
13,207 |
||||
$ 22,465 |
$ 25,036 |
$ 93,252 |
$ 104,629 |
|||||
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 December 31, |
Year ended December 31, |
|||||||
2014 |
2013 |
2014 |
2013 |
|||||
(Unaudited) |
(Unaudited) |
(Unaudited) |
||||||
Sales |
$ 123 |
$ 153 |
$ 409 |
$ 539 |
||||
Community and content |
21 |
31 |
16 |
43 |
||||
General and administrative |
319 |
369 |
1,215 |
1,340 |
||||
Information and technology |
45 |
55 |
217 |
248 |
||||
$ 508 |
$ 608 |
$ 1,857 |
$ 2,170 |
|||||
Note: 3. General and administrative expenses consist of: |
||||||||
Three months ended December 31, |
Year ended December 31, |
|||||||
2014 |
2013 |
2014 |
2013 |
|||||
(Unaudited) |
(Unaudited) |
(Unaudited) |
||||||
General and administrative expenses before |
$ 9,957 |
$ 9,814 |
$ 40,307 |
$ 39,960 |
||||
Amortization of intangible assets |
1,149 |
1,138 |
7,496 |
3,235 |
||||
Impairment charge on intangible assets |
4 |
5,994 |
2,242 |
8,525 |
||||
Foreign exchange losses (gains) |
1,265 |
(820) |
2,586 |
(1,448) |
||||
$ 12,375 |
$ 16,126 |
$ 52,631 |
$ 50,272 |
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 December 31, |
Year ended December 31, |
|||||||||||||
2014 |
2013 |
2014 |
2013 |
|||||||||||
IFRS EPS |
$ 0.29 |
$ 0.14 |
$ 0.55 |
$ 0.91 |
||||||||||
IFRS Net Profit |
$ 9,281 |
$ 4,984 |
$ 18,330 |
$ 32,735 |
||||||||||
Non-cash stock based compensation expense (Note 1) |
508 |
608 |
1,857 |
2,170 |
||||||||||
Amortization of intangibles (Note 2) |
86 |
154 |
594 |
748 |
||||||||||
Impairment of goodwill and intangibles (Note 3) |
4 |
5,109 |
1,682 |
7,640 |
||||||||||
Profit on sale of property, net of transaction costs & related tax expenses |
- |
- |
- |
(13,124) |
||||||||||
Non-IFRS Net Profit |
$ 9,879 |
$ 10,855 |
$ 22,463 |
$ 30,169 |
||||||||||
Non-IFRS diluted net profit per share |
$ 0.31 |
$ 0.30 |
$ 0.67 |
$ 0.84 |
||||||||||
Total shares used in non-IFRS diluted net profit |
||||||||||||||
per share calculations |
31,516,581 |
36,196,122 |
33,482,371 |
36,068,326 |
||||||||||
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 December 31, |
Year ended December 31, |
|||||||||||||
2014 |
2013 |
2014 |
2013 |
|||||||||||
IFRS profit from operations |
$ |
9,044 |
$ |
3,907 |
$ |
20,170 |
$ |
36,089 |
||||||
Depreciation and amortization |
2,614 |
2,542 |
13,061 |
9,029 |
||||||||||
EBITDA |
11,658 |
6,449 |
33,231 |
45,118 |
||||||||||
Non-cash stock based compensation expense |
508 |
608 |
1,857 |
2,170 |
||||||||||
Impairment of goodwill and intangibles |
4 |
5,994 |
2,242 |
8,525 |
||||||||||
Profit on sale of property, net of transaction costs |
- |
- |
- |
(15,410) |
||||||||||
Adjusted EBITDA |
$ |
12,170 |
$ |
13,051 |
$ |
37,330 |
$ |
40,403 |
||||||
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, |
|||||
2015 |
2014 |
|||||
Revenue |
$90.0 |
to |
$92.0 |
$92.8 |
||
IFRS EPS |
$0.15 |
to |
$0.19 |
$0.20 |
||
Non-cash stock based compensation expense (Note 1) |
$0.03 |
$0.03 |
$0.02 |
|||
Amortization of intangibles (Note 2) |
$0.01 |
$0.01 |
$0.01 |
|||
Impairment of goodwill and intangibles |
- |
- |
$0.05 |
|||
Non-IFRS diluted net income per share |
$0.19 |
to |
$0.23 |
$0.28 |
||
Total shares used in non-IFRS diluted net income |
||||||
per share calculations |
31,740,000 |
31,740,000 |
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. |
有关财务矩阵图,请浏览:http://photos.prnasia.com/prnk/20150326/8521501903
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 |
电话:(852) 2555 4747 |
电话:(1-415) 433 3777 |
电子邮件:cmattison@lhai.com |
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