 |
- 2013年第一季錄得凈營業(yè)收入3,130萬美元 -
- 2013年第一季按“國際財務報告準則”計算每股盈利0.16美元，未按“國際財務報告準則”計算每股盈利0.05美元 -
- 公司向上修正2013年上半年業(yè)績指引 -
紐約2013年5月14日電 /美通社/ -- 環(huán)球資源 Global Sources Ltd. (NASDAQ: GSOL) 公布截至2013年3月31日的第一季度業(yè)績報告。
環(huán)球資源執(zhí)行董事長韓禮士 (Merle A. Hinrich) 先生表示：“環(huán)球資源2013年第一季度的業(yè)績反映了海外市場對出口產品需求疲弱及其它不明朗因素存在的情況。今年四月，公司簽訂協(xié)議，收購‘深圳國際機械制造工業(yè)展覽會’(Shenzhen International Machinery Manufacturing Industry Exhibition) 及相關展會的權益。有關舉措將進一步擴展環(huán)球資源在中國內貿展覽行業(yè)的市場占有率，同時也擴大公司在此龐大及正在增長的行業(yè)中之覆蓋面。我們將進一步發(fā)展‘深圳國際機械制造工業(yè)展覽會’，并加強有關展會與公司其它業(yè)務的協(xié)同效應?！?/p>
業(yè)績要覽：2013年第一季與 2012年第一季之年度比較分析
環(huán)球資源首席財務官賴秀琴女士表示：“在2013年第一季，環(huán)球資源實施了一系列措施以降低運營成本；此外，公司的盈虧結算受惠于我們在三月公布，有關出售公司在香港一個辦公室物業(yè)的舉措，我們已經(jīng)在2013年4月2日收取了有關交易約800萬美元的最終付款金額。環(huán)球資源將繼續(xù)致力于謹慎控制開支及為公司日后發(fā)展所作投資之間取得一個合理的平衡點?！?/p>
賴女士續(xù)說：“有關環(huán)球資源的現(xiàn)金狀況，公司在2013年第一季度完成有關購入香港辦公室物業(yè)的交易，此舉將令我們所持的現(xiàn)金減少2,470萬美元。而有關出售深圳辦公室物業(yè)的交易預計將于2013年第二季度完成，有關舉措預計將增加公司所持現(xiàn)金共1,630萬美元?！?/p>
依據(jù)“國際財務報告準則”計算，經(jīng)修正的 2013年上半年財務展望
環(huán)球資源向上修正2013年上半年的業(yè)績指引，這主要是由于公司取得較預期為佳的營收表現(xiàn)及減省開支。
賴女士總結道：“我們預計公司在2013年上半年的營收比例將為網(wǎng)站業(yè)務占51%至52%，展覽會業(yè)務占37%至38%，雜志業(yè)務占6%至7%，其它業(yè)務則約占4%。而2012年上半年公司營收比例為網(wǎng)站業(yè)務約占58%，展覽會業(yè)務占31%，雜志業(yè)務占8%及其它業(yè)務占3%。”
近期企業(yè)要覽
環(huán)球資源 2013年第一季度投資者電話會議
環(huán)球資源執(zhí)行董事長韓禮士 (Merle A. Hinrich) 先生及首席財務官賴秀琴女士將于美國東部時間2013年5月14日上午8時 (香港時間2013年5月14日晚上8時) 主持投資者電話會議，旨在回顧公司2013年第一季度的業(yè)績。美國投資者如欲參與本次電話會議，請撥打 (877) 941-1427；香港以外的國際投資者可撥打 (1-480) 629-9664。香港投資者則可撥打本地電話號碼 (852) 3009-5027，并向接線生提供本次電話會議的編號 4613639，同時請?zhí)嵩?0分鐘撥打上述電話號碼，以確保在會議開始時所有參與者都已聯(lián)機。有關的電話會議也將于環(huán)球資源企業(yè)網(wǎng)站作網(wǎng)上現(xiàn)場直播，詳情請瀏覽 http://www.investor.globalsources.com。
本次電話會議的網(wǎng)上廣播將于環(huán)球資源企業(yè)網(wǎng)站轉載至少30天，以供未能參與本次電話會議者收聽。有興趣人士也可由電話會議進行當日至 2013年5月22日期間收聽本次電話會議之回放。如欲收聽有關電話會議回放，請撥 打 (800) 406-7325，或美國以外地區(qū)請撥打 (1-303) 590-3030，并輸入密碼 4613639。香港投資者則可撥打本地電話號碼 (852) 3056-2777，并輸入密碼 4613639。
環(huán)球資源
環(huán)球資源是一家領先業(yè)界的多渠道B2B媒體公司，致力于促進大中華地區(qū)的對外貿易。
公司的核心業(yè)務是通過一系列英文媒體，包括環(huán)球資源網(wǎng)站 (GlobalSources.com)、印刷及電子雜志、采購資訊報告、“買家專場采購會”、貿易展覽會及“在線展會”，促進亞洲各國的出口貿易。
超過100萬名國際買家、當中包括95家來自全球百強零售商，使用環(huán)球資源提供的服務了解供應商及產品的資料，幫助他們在復雜的供應市場進行高效采購。另一方面，供應商借助環(huán)球資源提供的整合出口推廣服務，提升公司形象、獲得銷售查詢，贏得來自逾240個國家及地區(qū)的買家訂單。
環(huán)球資源也通過一系列中文媒體協(xié)助海內外企業(yè)在大中華地區(qū)行銷，當中包括網(wǎng)站、印刷及電子雜志、研討會及貿易展覽會。環(huán)球資源在中國設有超過30個辦事機構，公司的中文媒體擁有逾400萬名網(wǎng)上注冊用戶及雜志讀者。
環(huán)球資源于2000年在美國納斯達克股票市場公開上市，如今已經(jīng)成功邁向第5個十年。
環(huán)球資源未按“國際財務報告準則”計算方法
環(huán)球資源管理層認為未按“國際財務報告準則”(Non-IFRS) 計算方法是有效反映營運狀況的計算方法，因此于本新聞稿末部提供按“國際財務報告準則”(IFRS) 計算及未按“國際財務報告準則”計算的對帳表。
環(huán)球資源將過往及將來未按“國際財務報告準則”計算的凈收入 (non-IFRS net income) 定義為： 按“國際財務報告準則”計算的凈收入扣除非現(xiàn)金股票費用、與公司數(shù)個股權補償計劃相關的無形資產攤銷費用、公司任何購并及投資所得的收益或虧損及相關的交易及稅務費用，及 /或公司所有減損支出。而未按“國際財務報告準則”計算的每股盈利 (Non-IFRS EPS) 的定義為：未按“國際財務報告準則”計算的凈收入除以已發(fā)行普通股的攤薄加權平均股數(shù)。經(jīng)調整 EBITDA則是指扣除利息、稅項、 折舊、攤銷、股票補償費用、商譽及無形資產減值、任何購并及投資所得的收益或虧損及相關的交易及稅務費用前的盈利。
前瞻性陳述
本新聞稿中的前瞻性聲明是根據(jù)經(jīng)修訂的證券法 (1933年) 第27-A條及經(jīng)修訂的證券交易所法 (1934年) 第21-E條而作出的。由于公司業(yè)務﹑宏觀經(jīng)濟情況及作出上述聲明的假設或會發(fā)生變化，可能使公司實際業(yè)績與此前瞻性聲明有所出入。
(財務報告詳見附頁)
| GLOBAL SOURCES LTD. AND SUBSIDIARIES |
|||||||
| As at March 31, |
As at December 31, |
||||||
| 2013 |
2012 |
||||||
| (Unaudited) |
|||||||
| ASSETS |
|||||||
| Current assets |
|||||||
| Cash and cash equivalents |
$ |
86,321 |
$ |
104,631 |
|||
| Term deposits with banks |
2,574 |
4,184 |
|||||
| Financial assets, available-for-sale |
7,535 |
7,472 |
|||||
| Accounts receivables |
3,743 |
4,242 |
|||||
| Receivables from sales representatives |
12,118 |
7,773 |
|||||
| Inventories |
360 |
410 |
|||||
| Prepaid expenses and other current assets |
33,119 |
18,396 |
|||||
| 145,770 |
147,108 |
||||||
| Non-current assets |
|||||||
| Property and equipment |
49,723 |
30,442 |
|||||
| Investment properties |
96,994 |
97,377 |
|||||
| Intangible assets |
32,441 |
33,136 |
|||||
| Long term investment |
100 |
100 |
|||||
| Deferred income tax assets |
248 |
244 |
|||||
| Other non-current assets |
3,364 |
2,762 |
|||||
| 182,870 |
164,061 |
||||||
| Total assets |
$ |
328,640 |
$ |
311,169 |
|||
| LIABILITIES AND SHAREHOLDERS' EQUITY |
|||||||
| Current liabilities |
|||||||
| Accounts payable |
$ |
8,426 |
$ |
12,531 |
|||
| Deferred income and customer prepayments |
99,413 |
84,540 |
|||||
| Accrued liabilities |
20,084 |
20,409 |
|||||
| Income tax liabilities |
865 |
1,225 |
|||||
| 128,788 |
118,705 |
||||||
| Non-current liabilities |
|||||||
| Deferred income and customer prepayments |
10,570 |
9,062 |
|||||
| Deferred income tax liabilities |
5,970 |
6,090 |
|||||
| 16,540 |
15,152 |
||||||
| Total liabilities |
145,328 |
133,857 |
|||||
| Equity attributable to Company's shareholders |
|||||||
| Common shares |
524 |
521 |
|||||
| Treasury shares |
(150,089) |
(150,089) |
|||||
| Other reserves |
157,328 |
156,629 |
|||||
| Retained earnings |
164,480 |
158,859 |
|||||
| Total Company shareholders' equity |
172,243 |
165,920 |
|||||
| Non-controlling interests |
11,069 |
11,392 |
|||||
| Total equity |
$ |
183,312 |
$ |
177,312 |
|||
| Total liabilities and equity |
$ |
328,640 |
$ |
311,169 |
|||
| 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, |
|||||||||||||||||||||||||||
| 2013 |
2012 |
||||||||||||||||||||||||||
| (Unaudited) |
(Unaudited) |
||||||||||||||||||||||||||
| Revenue |
|||||||||||||||||||||||||||
| Online and other media services (Note 1) |
$ |
27,959 |
$ |
35,223 |
|||||||||||||||||||||||
| Exhibitions |
1,501 |
2,217 |
|||||||||||||||||||||||||
| Miscellaneous |
1,792 |
1,477 |
|||||||||||||||||||||||||
| 31,252 |
38,917 |
||||||||||||||||||||||||||
| Operating Expenses: |
|||||||||||||||||||||||||||
| Sales (Note 2) |
10,993 |
15,034 |
|||||||||||||||||||||||||
| Event production |
396 |
326 |
|||||||||||||||||||||||||
| Community and content (Note 2) |
6,185 |
6,928 |
|||||||||||||||||||||||||
| General and administrative (Note 2) |
9,792 |
10,174 |
|||||||||||||||||||||||||
| Information and technology (Note 2) |
3,314 |
3,391 |
|||||||||||||||||||||||||
| Total Operating Expenses |
30,680 |
35,853 |
|||||||||||||||||||||||||
| Profit on sale of property |
4,457 |
- |
|||||||||||||||||||||||||
| Profit from Operations |
5,029 |
3,064 |
|||||||||||||||||||||||||
| Interest income |
274 |
186 |
|||||||||||||||||||||||||
| Share of loss of associate |
- |
(14) |
|||||||||||||||||||||||||
| Profit before income taxes |
5,303 |
3,236 |
|||||||||||||||||||||||||
| Income tax expense |
(26) |
(163) |
|||||||||||||||||||||||||
| Net profit |
$ |
5,277 |
$ |
3,073 |
|||||||||||||||||||||||
| Net loss attributable to non-controlling interests |
344 |
32 |
|||||||||||||||||||||||||
| Net profit attributable to the Company's shareholders |
$ |
5,621 |
$ |
3,105 |
|||||||||||||||||||||||
| Diluted net profit per share attributable to the Company's shareholders |
$ |
0.16 |
$ |
0.09 |
|||||||||||||||||||||||
| Shares used in diluted net profit per share calculations |
35,914,192 |
35,573,189 |
|||||||||||||||||||||||||
| Note: 1. |
Online and other media services consists of: |
||||||||||||||||||||||||||
| Three months ended March 31, |
|||||||||||||||||||||||||||
| 2013 |
2012 |
||||||||||||||||||||||||||
| (Unaudited) |
(Unaudited) |
||||||||||||||||||||||||||
| Online services |
$ |
24,975 |
$ |
30,877 |
|||||||||||||||||||||||
| Print services |
2,984 |
4,346 |
|||||||||||||||||||||||||
| $ |
27,959 |
$ |
35,223 |
||||||||||||||||||||||||
|
|
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, |
|||||||||||||||||||||||||||
| 2013 |
2012 |
||||||||||||||||||||||||||
| (Unaudited) |
(Unaudited) |
||||||||||||||||||||||||||
| Sales |
$ |
68 |
$ |
62 |
|||||||||||||||||||||||
| Community and content |
(41) |
(35) |
|||||||||||||||||||||||||
| General and administrative |
229 |
265 |
|||||||||||||||||||||||||
| Information and technology |
85 |
72 |
|||||||||||||||||||||||||
| $ |
341 |
$ |
364 |
||||||||||||||||||||||||
| 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, |
||||||||
| 2013 |
2012 |
|||||||
| IFRS EPS |
$ |
0.16 |
$ |
0.09 |
||||
| IFRS Net Profit |
$ |
5,621 |
$ |
3,105 |
||||
| Non-cash stock based compensation expense (Note 1) |
341 |
364 |
||||||
| Amortization of intangibles (Note 2) |
254 |
191 |
||||||
| Profit on sale of property |
(4,457) |
- |
||||||
| Non-IFRS Net Profit |
$ |
1,759 |
$ |
3,660 |
||||
| Non-IFRS diluted net profit per share |
$ |
0.05 |
$ |
0.10 |
||||
| Total shares used in non-IFRS diluted net profit per share calculations |
35,914,192 |
35,573,189 |
||||||
| 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, |
||||||||
| 2013 |
2012 |
|||||||
| IFRS profit from operations |
$ |
5,029 |
$ |
3,064 |
||||
| Depreciation and amortization |
2,270 |
1,964 |
||||||
| EBITDA |
7,299 |
5,028 |
||||||
| Non-cash stock based compensation expense |
341 |
364 |
||||||
| Profit on sale of property |
(4,457) |
- |
||||||
| Adjusted EBITDA |
$ |
3,183 |
$ |
5,392 |
||||
| 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, |
|||||
| 2013 |
2012 |
|||||
| Revenue |
$89.0 |
to |
$91.0 |
$105.7 |
||
| IFRS EPS |
$0.59 |
to |
$0.63 |
$0.36 |
||
| Non-cash stock based compensation expense (Note 1) |
$0.03 |
$0.03 |
$0.03 |
|||
| Amortization of intangibles (Note 2) |
$0.01 |
$0.01 |
$0.01 |
|||
| Impairment loss on investment in associate |
- |
- |
$0.01 |
|||
| Gain on sale of investment property, net of transaction costs & related tax expenses |
($0.36) |
($0.36) |
- |
|||
| Non-IFRS diluted net income per share |
$0.27 |
to |
$0.31 |
$0.41 |
||
| Total shares used in non-IFRS diluted net income |
||||||
| per share calculations |
36,130,000 |
36,130,000 |
35,716,189 |
|||
| 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. |
||||||
有關財務矩陣圖，請瀏覽：
http://m.trenddesign.com.cn/sa/attachment/2013/05/20130514093942266299.pdf
| 如需查詢，請聯(lián)絡： | |
| 傳媒聯(lián)絡 | |
| 亞洲地區(qū) | 中國地區(qū) |
| 環(huán)球資源Global Sources | 環(huán)球資源Global Sources |
| 蘇慧雯 | 紀賓賓 |
| 電話：(852) 2555 5040 | 電話：(86-10) 5927 1582 |
| 電子郵件：cso@globalsources.com | 電子郵件：sji@globalsources.com |
| 投資者聯(lián)絡： | |
| 亞洲地區(qū) | 美國 |
| 環(huán)球資源Global Sources | LHA |
| 賴秀琴 | Cathy Mattison |
| 電話：(852) 2555 4747 | 電話：(1-415) 433 3777 |
| 電子郵件：investor@globalsources.com | 電子郵件：cmattison@lhai.com |
