 |
- 2012年第三季净营业收入为5,910万美元 -
- 2012年第三季按“国际财务报告准则”计算每股盈利0.23美元，未按“国际财务报告准则”计算每股盈利0.25美元 -
- 公司向上修正2012年下半年的净营业收入指引：预计净营业收入将介乎1亿2,400万美元至1亿2,500万美元之间 -
纽约2012年11月15日电 /美通社/ -- 环球资源 Global Sources Ltd. (NASDAQ: GSOL) 公布截至2012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. Hinrichs) 先生表示：“环球资源于2012年第三季的业绩反映了展览会业务占公司整体营收的比例正在上升，其中特别是个别专为中国内贸市场而设的展览会 -- 在7月份举行的‘中国 (深圳) 国际品牌服装服饰交易会’是亚洲地区较大型的时装展览会之一，而在9月份举行的‘中国国际光电博览会’则是全球其中一个较大型的光电专业展览会。两个展会均取得十分令人满意的成绩，同时能够帮助环球资源大幅度地拓宽在中国内贸市场的覆盖面。”
韩先生指出：“至于公司与国际贸易相关的核心业务方面，我们预期疲弱的海外市场消费需求将会继续影响公司的业绩表现；然而，我们对于刚在香港举办的‘环球资源采购交易会’秋季展之整体买家参观人数及展会现场的实际采购洽谈活动均感到满意。”
业绩要览：2012年第三季与2011年第三季之年度比较分析
业绩要览：依据“国际财务报告准则”计算，截至2012年9月30日的九个月与2011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：“环球资源在2012年第三季业绩录得大幅提升，主要受到两个在季内新增的展会，即‘中国 (深圳) 国际品牌服装服饰交易会’和首届在巴西圣保罗举行的‘环球资源采购交易会’的影响；此外，公司在印度孟买举办的‘环球资源采购交易会’也从2011年在第四季举行改为今年在第三季举行。环球资源的财务状况依然十分稳健，截至2012年9月30日，公司持有的现金及证券总值为1亿1,080万美元，而截至2012年6月底公司持有的现金及证券总值则为1亿600万美元，同时我们没有任何债务。”
赖女士续说：“环球资源向上修正2012年下半年的收入及盈利指引。我们预计公司在2012年下半年的营收比例将为网站业务占46%至47%，展览会业务占44%至45%，杂志业务占6%至7%，其它业务则约占3%。而2011年下半年公司营收比例为网站业务约占50%，展览会业务占37%，杂志业务占11%及其它业务占2%。”
依据“国际财务报告准则”计算的2012年下半年财务展望
近期企业要览
环球资源2012年第三季度业绩报告投资者电话会议
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2012年11月15日上午8时 (香港时间2012年11月15日晚上9时) 主持投资者电话会议，旨在回顾公司2012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 (877) 941-2068；香港以外的国际投资者可拨 (1-480) 629-9712。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4570106，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2012年11月23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，或美国以外地区请拨 (1-303) 590-3030，并输入密码 4570106。香港投资者则可拨本地电话号码 (852) 3056-2777，并输入密码 4570106。
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，包括网站 (http://www.globalsources.com)、印刷及电子杂志、采购资讯报告、“买家专场采购会”、贸易展览会及“在线展会”，促进亚洲各国的出口贸易。
超过118万名国际买家、当中包括90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400万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运营状况的计算方法，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。
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, |
|||||
| 2012 |
2011 |
|||||
| (Unaudited) |
||||||
| ASSETS |
||||||
| Current assets |
||||||
| Cash and cash equivalents |
$ |
100,134 |
$ |
81,903 |
||
| Term deposits with banks |
2,988 |
2,764 |
||||
| Financial assets, available-for-sale |
7,651 |
13,250 |
||||
| Accounts receivables |
4,197 |
4,711 |
||||
| Receivables from sales representatives |
11,814 |
6,523 |
||||
| Inventories |
297 |
230 |
||||
| Prepaid expenses and other current assets |
25,573 |
20,895 |
||||
| 152,654 |
130,276 |
|||||
| Non-current assets |
||||||
| Property and equipment |
54,064 |
55,761 |
||||
| Investment properties |
74,321 |
75,370 |
||||
| Intangible assets |
34,919 |
11,946 |
||||
| Long term investment |
100 |
100 |
||||
| Deferred income tax assets |
311 |
325 |
||||
| Other non-current assets |
3,363 |
2,552 |
||||
| 167,078 |
146,054 |
|||||
| Total assets |
$ |
319,732 |
$ |
276,330 |
||
| LIABILITIES AND SHAREHOLDERS' EQUITY |
||||||
| Current liabilities |
||||||
| Accounts payable |
$ |
10,801 |
$ |
7,698 |
||
| Deferred income and customer prepayments |
103,589 |
101,841 |
||||
| Accrued liabilities |
18,852 |
17,723 |
||||
| Income tax liabilities |
2,559 |
714 |
||||
| 135,801 |
127,976 |
|||||
| Non-current liabilities |
||||||
| Deferred income and customer prepayments |
11,819 |
8,290 |
||||
| Deferred income tax liabilities |
6,232 |
1,510 |
||||
| 18,051 |
9,800 |
|||||
| Total liabilities |
153,852 |
137,776 |
||||
| Equity attributable to Company's shareholders |
||||||
| Common shares |
520 |
518 |
||||
| Treasury shares |
(150,089) |
(150,089) |
||||
| Other reserves |
155,061 |
152,591 |
||||
| Retained earnings |
147,682 |
126,653 |
||||
| Total Company shareholders' equity |
153,174 |
129,673 |
||||
| Non-controlling interests |
12,706 |
8,881 |
||||
| Total equity |
$ |
165,880 |
$ |
138,554 |
||
| Total liabilities and equity |
$ |
319,732 |
$ |
276,330 |
||
| GLOBAL SOURCES LTD. AND SUBSIDIARIES |
||||||||||||
| Three months ended September 30, |
Nine months ended September 30, |
|||||||||||
| 2012 |
2011 |
2012 |
2011 |
|||||||||
| (Unaudited) |
(Unaudited) |
(Unaudited) |
(Unaudited) |
|||||||||
| Revenue: |
||||||||||||
| Online and other media services (Note 1) |
$ |
34,115 |
$ |
36,669 |
$ |
103,748 |
$ |
104,612 |
||||
| Exhibitions |
23,342 |
9,006 |
56,066 |
42,498 |
||||||||
| Miscellaneous |
1,646 |
1,305 |
4,984 |
3,948 |
||||||||
| $ |
59,103 |
$ |
46,980 |
$ |
164,798 |
$ |
151,058 |
|||||
| Operating Expenses: |
||||||||||||
| Sales (Note 2) |
18,686 |
17,249 |
57,252 |
55,058 |
||||||||
| Event production |
6,548 |
2,616 |
16,534 |
13,364 |
||||||||
| Community and content (Note 2) |
8,172 |
7,859 |
24,068 |
24,648 |
||||||||
| General and administrative (Note 2) |
10,647 |
10,315 |
32,225 |
28,939 |
||||||||
| Information and technology (Note 2) |
3,326 |
3,294 |
9,965 |
9,537 |
||||||||
| Total Operating Expenses |
$ |
47,379 |
$ |
41,333 |
$ |
140,044 |
$ |
131,546 |
||||
| Profit from Operations |
$ |
11,724 |
$ |
5,647 |
$ |
24,754 |
$ |
19,512 |
||||
| Interest income |
300 |
83 |
732 |
199 |
||||||||
| Share of loss of associate |
- |
- |
(24) |
- |
||||||||
| Impairment loss on investment in associate |
- |
- |
(302) |
- |
||||||||
| Profit before Income Taxes |
$ |
12,024 |
$ |
5,730 |
$ |
25,160 |
$ |
19,711 |
||||
| Income tax expense |
(1,514) |
(633) |
(2,050) |
(1,157) |
||||||||
| Net Profit |
$ |
10,510 |
$ |
5,097 |
$ |
23,110 |
$ |
18,554 |
||||
| Net profit attributable to non-controlling interests |
(2,305) |
(1,134) |
(2,081) |
(967) |
||||||||
| Net profit attributable to the Company's |
$ |
8,205 |
$ |
3,963 |
$ |
21,029 |
$ |
17,587 |
||||
| Diluted net profit per share attributable to |
$ |
0.23 |
$ |
0.11 |
$ |
0.59 |
$ |
0.50 |
||||
| Shares used in diluted net profit per share |
35,862,759 |
35,482,592 |
35,718,965 |
35,387,418 |
||||||||
| Note: 1. Online and other media services consists of: |
||||||||||||
| Three months ended September 30, |
Nine months ended September 30, |
|||||||||||
| 2012 |
2011 |
2012 |
2011 |
|||||||||
| (Unaudited) |
(Unaudited) |
(Unaudited) |
(Unaudited) |
|||||||||
| Online services |
$ |
29,975 |
$ |
30,378 |
$ |
90,897 |
$ |
87,480 |
||||
| Print services |
4,140 |
6,291 |
12,851 |
17,132 |
||||||||
| $ |
34,115 |
$ |
36,669 |
$ |
103,748 |
$ |
104,612 |
|||||
| 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, |
|||||||||||
| 2012 |
2011 |
2012 |
2011 |
|||||||||
| (Unaudited) |
(Unaudited) |
(Unaudited) |
(Unaudited) |
|||||||||
| Sales |
$ |
175 |
$ |
186 |
$ |
412 |
$ |
530 |
||||
| Community and content |
23 |
56 |
39 |
173 |
||||||||
| General and administrative |
424 |
434 |
1,159 |
1,053 |
||||||||
| Information and technology |
61 |
64 |
197 |
207 |
||||||||
| $ |
683 |
$ |
740 |
$ |
1,807 |
$ |
1,963 |
|||||
| GLOBAL SOURCES LTD. AND SUBSIDIARIES |
|||||||||||||
| Three months ended September 30, |
Nine months ended September 30, |
||||||||||||
| 2012 |
2011 |
2012 |
2011 |
||||||||||
| IFRS EPS |
$ |
0.23 |
$ |
0.11 |
$ |
0.59 |
$ |
0.50 |
|||||
| IFRS Net Profit |
$ |
8,205 |
$ |
3,963 |
$ |
21,029 |
$ |
17,587 |
|||||
| Non-cash stock based compensation expense (Note 1) |
683 |
740 |
1,807 |
1,963 |
|||||||||
| Amortization of intangibles (Note 2) |
221 |
191 |
604 |
572 |
|||||||||
| Impairment loss on investment in associate |
- |
- |
302 |
- |
|||||||||
| Non-IFRS Net Profit |
$ |
9,109 |
$ |
4,894 |
$ |
23,742 |
$ |
20,122 |
|||||
| Non-IFRS diluted net profit per share |
$ |
0.25 |
$ |
0.14 |
$ |
0.66 |
$ |
0.57 |
|||||
| Total shares used in non-IFRS diluted net profit |
35,862,759 |
35,482,592 |
35,718,965 |
35,387,418 |
|||||||||
| 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 September 30, |
Nine months ended September 30, |
||||||||||||
| 2012 |
2011 |
2012 |
2011 |
||||||||||
| IFRS profit from operations |
$ |
11,724 |
$ |
5,647 |
$ |
24,754 |
$ |
19,512 |
|||||
| Depreciation and amortization |
2,875 |
1,984 |
6,928 |
5,321 |
|||||||||
| EBITDA |
14,599 |
7,631 |
31,682 |
24,833 |
|||||||||
| Non-cash stock based compensation expense |
683 |
740 |
1,807 |
1,963 |
|||||||||
| Adjusted EBITDA |
$ |
15,282 |
$ |
8,371 |
$ |
33,489 |
$ |
26,796 |
|||||
| 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, |
|||||
| 2012 |
2011 |
|||||
| Revenue |
$124.0 |
to |
$125.0 |
$121.0 |
||
| IFRS EPS |
$0.45 |
to |
$0.47 |
$0.45 |
||
| Non-cash stock based compensation expense (Note 1) |
$0.04 |
$0.04 |
$0.04 |
|||
| Amortization of intangibles (Note 2) |
$0.01 |
$0.01 |
$0.01 |
|||
| Impairment of goodwill and intangibles |
$0.02 |
$0.02 |
$0.02 |
|||
| Non-IFRS diluted net income per share |
$0.52 |
to |
$0.54 |
$0.52 |
||
| Total shares used in non-IFRS diluted net income |
35,875,000 |
35,875,000 |
35,385,218 |
|||
| 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/2012/11/20121115112827746547.pdf。
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 |
| 电子邮件：cso@globalsources.com | 电子邮件：sji@globalsources.com |
| 投资者联络： | |
| 亚洲地区 | 美国 |
| 环球资源Global Sources | LHA |
| 王皑 | Cathy Mattison |
| 电话：(852) 2555 4747 | 电话：(1-415) 433 3777 |
| 电子邮件：investor@globalsources.com | 电子邮件：cmattison@lhai.com |
