 |
- 2012年第三季凈營業(yè)收入為5,910萬美元 -
- 2012年第三季按“國際財務(wù)報告準(zhǔn)則”計算每股盈利0.23美元，未按“國際財務(wù)報告準(zhǔn)則”計算每股盈利0.25美元 -
- 公司向上修正2012年下半年的凈營業(yè)收入指引：預(yù)計凈營業(yè)收入將介乎1億2,400萬美元至1億2,500萬美元之間 -
紐約2012年11月15日電 /美通社/ -- 環(huán)球資源 Global Sources Ltd. (NASDAQ: GSOL) 公布截至2012年9月30日的第三季度業(yè)績報告。
環(huán)球資源執(zhí)行董事長韓禮士 (Merle A. Hinrichs) 先生表示：“環(huán)球資源于2012年第三季的業(yè)績反映了展覽會業(yè)務(wù)占公司整體營收的比例正在上升，其中特別是個別專為中國內(nèi)貿(mào)市場而設(shè)的展覽會 -- 在7月份舉行的‘中國 (深圳) 國際品牌服裝服飾交易會’是亞洲地區(qū)較大型的時裝展覽會之一，而在9月份舉行的‘中國國際光電博覽會’則是全球其中一個較大型的光電專業(yè)展覽會。兩個展會均取得十分令人滿意的成績，同時能夠幫助環(huán)球資源大幅度地拓寬在中國內(nèi)貿(mào)市場的覆蓋面?！?/p>
韓先生指出：“至于公司與國際貿(mào)易相關(guān)的核心業(yè)務(wù)方面，我們預(yù)期疲弱的海外市場消費需求將會繼續(xù)影響公司的業(yè)績表現(xiàn)；然而，我們對于剛在香港舉辦的‘環(huán)球資源采購交易會’秋季展之整體買家參觀人數(shù)及展會現(xiàn)場的實際采購洽談活動均感到滿意。”
業(yè)績要覽：2012年第三季與2011年第三季之年度比較分析
業(yè)績要覽：依據(jù)“國際財務(wù)報告準(zhǔn)則”計算，截至2012年9月30日的九個月與2011年同期之年度比較分析
環(huán)球資源首席財務(wù)官賴秀琴女士表示：“環(huán)球資源在2012年第三季業(yè)績錄得大幅提升，主要受到兩個在季內(nèi)新增的展會，即‘中國 (深圳) 國際品牌服裝服飾交易會’和首屆在巴西圣保羅舉行的‘環(huán)球資源采購交易會’的影響；此外，公司在印度孟買舉辦的‘環(huán)球資源采購交易會’也從2011年在第四季舉行改為今年在第三季舉行。環(huán)球資源的財務(wù)狀況依然十分穩(wěn)健，截至2012年9月30日，公司持有的現(xiàn)金及證券總值為1億1,080萬美元，而截至2012年6月底公司持有的現(xiàn)金及證券總值則為1億600萬美元，同時我們沒有任何債務(wù)?！?/p>
賴女士續(xù)說：“環(huán)球資源向上修正2012年下半年的收入及盈利指引。我們預(yù)計公司在2012年下半年的營收比例將為網(wǎng)站業(yè)務(wù)占46%至47%，展覽會業(yè)務(wù)占44%至45%，雜志業(yè)務(wù)占6%至7%，其它業(yè)務(wù)則約占3%。而2011年下半年公司營收比例為網(wǎng)站業(yè)務(wù)約占50%，展覽會業(yè)務(wù)占37%，雜志業(yè)務(wù)占11%及其它業(yè)務(wù)占2%?！?/p>
依據(jù)“國際財務(wù)報告準(zhǔn)則”計算的2012年下半年財務(wù)展望
近期企業(yè)要覽
環(huán)球資源2012年第三季度業(yè)績報告投資者電話會議
環(huán)球資源執(zhí)行董事長韓禮士先生及首席財務(wù)官賴秀琴女士將于美國東部時間2012年11月15日上午8時 (香港時間2012年11月15日晚上9時) 主持投資者電話會議，旨在回顧公司2012年第三季度的業(yè)績。美國投資者如欲參與本次電話會議，請撥 (877) 941-2068；香港以外的國際投資者可撥 (1-480) 629-9712。香港投資者則可撥本地電話號碼 (852) 3009-5027，并向接線生提供本次電話會議的編號4570106，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(jī)。有關(guān)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(zhuǎn)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(jìn)行當(dāng)日至2012年11月23日期間收聽本次電話會議之回放。如欲收聽有關(guān)電話會議回放，請撥 (800) 406-7325，或美國以外地區(qū)請撥 (1-303) 590-3030，并輸入密碼 4570106。香港投資者則可撥本地電話號碼 (852) 3056-2777，并輸入密碼 4570106。
環(huán)球資源
環(huán)球資源是一家領(lǐng)先業(yè)界的多渠道B2B媒體公司，致力于促進(jìn)大中華地區(qū)的對外貿(mào)易。
公司的核心業(yè)務(wù)是通過一系列英文媒體，包括網(wǎng)站 (http://www.globalsources.com)、印刷及電子雜志、采購資訊報告、“買家專場采購會”、貿(mào)易展覽會及“在線展會”，促進(jìn)亞洲各國的出口貿(mào)易。
超過118萬名國際買家、當(dāng)中包括90家來自全球百強(qiáng)零售商，使用環(huán)球資源提供的服務(wù)了解供應(yīng)商及產(chǎn)品的資料，幫助他們在復(fù)雜的供應(yīng)市場進(jìn)行高效采購。另一方面，供應(yīng)商借助環(huán)球資源提供的整合出口推廣服務(wù)，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(nèi)外企業(yè)在大中華地區(qū)行銷，當(dāng)中包括網(wǎng)站、印刷及電子雜志、研討會及貿(mào)易展覽會。環(huán)球資源在中國設(shè)有超過30個辦事機(jī)構(gòu)，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(dá)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(wù)報告準(zhǔn)則”計算方法
環(huán)球資源管理層認(rèn)為未按“國際財務(wù)報告準(zhǔn)則”(Non-IFRS) 計算方法是有效反映運營狀況的計算方法，因此于本新聞稿末部提供按“國際財務(wù)報告準(zhǔn)則”(IFRS) 計算及未按“國際財務(wù)報告準(zhǔn)則”計算的對帳表。
環(huán)球資源將過往及將來未按“國際財務(wù)報告準(zhǔn)則”計算的凈收入 (non-IFRS net income) 定義為：按“國際財務(wù)報告準(zhǔn)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(quán)補(bǔ)償計劃相關(guān)的無形資產(chǎn)攤銷費用、公司任何購并及投資所得的收益或虧損，及 /或公司所有減損支出。而未按“國際財務(wù)報告準(zhǔn)則”計算的每股盈利 (Non-IFRS EPS) 的定義為：未按“國際財務(wù)報告準(zhǔn)則”計算的凈收入除以已發(fā)行普通股的攤薄加權(quán)平均股數(shù)。經(jīng)調(diào)整EBITDA則是指扣除利息、稅項、折舊、攤銷、股票補(bǔ)償費用、商譽(yù)及無形資產(chǎn)減值前的盈利。
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(wù)、宏觀經(jīng)濟(jì)情況及作出上述聲明的假設(shè)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(wù)報告詳見附頁)
| 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. |
||||||
有關(guān)財務(wù)矩陣圖，請瀏覽：http://www.ganyuanhong.cn/sa/attachment/2012/11/20121115112827746547.pdf。
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