- 2011年第一季净营业收入上升6%，主要由公司网上业务营收录得17%的增长所带动 –
- 2011年第一季按“国际财务报告准则”计算每股盈利为0.10美元，未按“国际财务报告准则”计算每股盈利为0.12美元 -
- 公司重申2011年上半年净营业收入指引：预计净营业收入将有介乎9%至10%的增长 -
纽约2011年5月11日电 /美通社亚洲/ -- 环球资源Global Sources Ltd. (NASDAQ: GSOL) 公布截至 2011年3月31日的2011年第一季度业绩报告。
环球资源董事长兼首席执行官韩礼士 (Merle A. Hinrichs) 先生表示：“环球资源在2011年第一季的净营业收入增长主要由网上业务营收录得17%的升幅所带动。另一方面，从2011年初至今，我们公布了三项特别值得注意的项目：在四月份环球资源推出了业界首创的‘在线展会’，我们预期‘在线展会’将可以提高公司‘面对面’展会的价值及市场领导地位；此外，公司也完成了一个并购项目以进一步提升我们在亚洲电子行业的领导地位；而环球资源也将在印度举办一个全新的展会，此展会的举办标志着公司正式进入印度的商对商内贸市场。”
业绩要览：2011年第一季与2010年第一季之年度比较分析
环球资源在公司2010年第四季业绩报告的新闻稿中公布，公司将按照“国际财务报告准则” (International Financial Reporting Standards，IFRS) 编制所有与公司财务状况相关的报告及文件，当中包括向美国证券交易委员会提交的财务报告。
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 /或公司所有减损支出。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前的盈利。
环球资源首席财务官赖秀琴女士表示：“我们在此重申环球资源在2011年上半年的净营业收入指引，预计公司2011年上半年的净营业收入与去年同期比较将有介乎9%至10%之间的增长。而在2011年第二季公司的净营业收入预计将有介乎11%至12%之间的增长，有关的升幅主要由公司网上及展览会业务的营收不断稳健地增长所驱动。”
赖女士指出：“我们预计公司在2011年上半年的营收比例将为网站业务占54%至55%，展览会业务占32%至33%，杂志业务占10%至11%，其它业务则约占2%。而2010年上半年公司营收比例为网站业务约占49%，展览会业务占34%，杂志业务占15%及其它业务占2%。”
依据IFRS计算的2011年上半年财务展望
近期企业要览
环球资源 2011年第一季度业绩报告投资者电话会议
环球资源董事长兼首席执行官韩礼士先生及首席财务官赖秀琴女士将于美国东部时间2011年5月11日上午8时 (香港时间2011年5月11日晚上8时) 主持投资者电话会议，旨在回顾公司2011年第一季度的业绩。美国投资者如欲参加此次电话会议，请拨 (877) 941-2321；香港以外的国际投资者可拨 (1-480) 629-9714。香港投资者则可拨本地电话号码 (852) 3009-5027，并向接线生提供本次电话会议的编号 4434773，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。有关的电话会议亦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。
此次电话会议的网上广播将于环球资源企业网站转载最少30天，以供未能参加本次电话会议者收听。有兴趣人士亦可由电话会议进行当日至2011年5月18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 (800) 406-7325，或美国以外地区拨 (1-303) 590-3030，并输入密码4434773。香港投资者则可拨本地电话号码(852) 3056-2777，并输入密码4434773。
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，促进大中华地区的出口贸易；同时，通过一系列中文媒体，协助海外企业在大中华地区行销。
环球资源一方面为全球买家提供采购信息，另一方面为供应商提供整合营销服务。通过环球资源，超过100万名活跃买家－ 包括全球25大顶级零售商 －在复杂的海外市场上进行有效益的采购。同时，供应商借助环球资源提供的各种有效媒体，向遍布超过240个国家和地区的买家推广和销售产品。
环球资源提供业界齐全面的贸易媒体和出口推广服务，包括14个网站、13本月刊及18本数字版杂誌、超过90本采购资讯报告、以及每年在9个城市举行73场专业的贸易展览会。 每年，来自逾262,000家供应商的超过570万种的产品信息，通过环球资源的各种媒体到达目标买家。仅在环球资源网站(http://www.globalsources.com），买家社群每年向已核实供应商发出的采购查询就已经超过1亿2,700万宗。
环球资源拥有40年促进国际贸易的成功纪录，公司在全球有约60个城市设有办事机构。环球资源植根中国大陆也已30年，在中国超过40个城市设有销售代表办事机构，并拥有约2,700名团队成员，通过中文杂志和网站服务超过280万读者。
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 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. |
|||||||
有关财务矩阵图，请浏览:
http://www.prnasia.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 |
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| 传媒联络：
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