 |
纽约2015年8月5日电 /美通社/ -- 环球资源Global Sources Ltd. (NASDAQ: GSOL) 公布截至2015年6月30日的第二季度业绩报告。
环球资源执行董事长韩礼士 (Merle A. Hinrich) 先生表示：“环球资源在2015年第二季的净营业收入为6,850万美元，其中公司展览会业务的净营业收入与去年同期相比增长42%，有关升幅主要由四月份在香港举办的国际大型电子产品采购展的佳绩，以及‘深圳国际机械制造工业展览会’由2014年于第一季改为2015年在第二季举行所驱动。公司对于电子产品展及移动电子产品展的营收及参观人数之增长感到尤为满意。”
韩先生续说：“环球资源近期完成了三项重要的举动，为公司的股东们带来投资回报，同时致力专注于发展公司的核心业务。首先，公司完成了一项发行人要约收购，将约5,000万美元的资金回报给予环球资源的股东们；有关的要约收购于2015年6月26日启动，并已经于美国纽约时间2015年7月27日午夜12时整届满。此外，有关出售公司所持有旗下企业联盟eMedia的股权也已完成。最后，在本年第二季完结时，公司签定一份物业转让意向书，出售位于深圳的投资物业。”
业绩要览：2015年第二季与2014年第二季之年度比较分析
由于公司于2015年第二季完成了出售eMedia的股权，因此有关eMedia的业务已重新归类为已终止经营业务。
业绩要览：截至2015年6月30日的上半年与2014年上半年之年度比较分析
环球资源首席财务官赖秀琴女士表示：“公司2015年第二季的业绩反映了四月份举行的电子展之营收增长、‘深圳国际机械制造工业展览会’的举办日期由2014年第一季改为2015年第二季，以及出售eMedia所带来620万美元的资本收益的各项因素。环球资源继续维持一个高效的成本架构，保持稳健的财务状况，并且没有任何短期或长期的债务。”
依据“国际财务报告准则”计算的2015年下半年财务展望
赖女士指出：“我必须指出，环球资源2015年下半年的业绩指引已经把出售eMedia对公司营收带来的影响，和出售深圳投资物业所带来的资本收益计算在内。”
赖女士总结说：“我们预计公司在2015年下半年的营收比例将为展览会业务占52%至54%，网站及杂志业务占41%至42%，其它业务则约占6%。而 2014年下半年公司营收比例为展览会业务约占52%，网站及杂志业务占44%及其它业务占4%。”
近期企业要览
环球资源2015年第二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首席财务官赖秀琴女士将于美国东部时间2015年8月5日上午8时 (香港时间2015年8月5日晚上8时) 主持投资者电话会议，旨在回顾公司2015年第二季度的业绩。美国投资者如欲参与本次电话会议，请拨打 (888) 737-3616；香港以外的国际投资者可拨打 (1-913) 312-1391。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 3671969，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都已联机。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8月12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 (888) 203-1112，或美国以外地区请拨 (1-719) 457-0820，并输入密码3671969。香港投资者则可拨本地电话号码 (800) 901-108，并输入密码3671969。
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、“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、投资及出售资产所得的收益或亏损、及其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、投资及出售资产所得的收益或亏损、及其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 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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