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- 2014年第一季錄得凈營業(yè)收入3,450萬美元 -
- 公司重申2014年上半年凈營業(yè)收入指引 -
紐約2014年5月15日電 /美通社/ -- 環(huán)球資源Global Sources Ltd. (NASDAQ: GSOL) 公布截至2014年3月31日的第一季度業(yè)績報(bào)告。
環(huán)球資源執(zhí)行董事長韓禮士 (Merle A. Hinrich) 先生表示：“公司在2014年第一季的凈營業(yè)收入較2013年第一季上升了10%。今年首季舉辦的‘深圳國際機(jī)械制造工業(yè)展覽會(huì)’在各方面均取得極佳的成績，并為公司2014年第一季的業(yè)績帶來了可觀的貢獻(xiàn)。此外，公司在4月份于香港舉辦了一系列‘環(huán)球資源展’，當(dāng)中包括亞洲較大規(guī)模的消費(fèi)類電子采購展。”
韓先生繼續(xù)表示：“盡管目前全球零售市場(chǎng)環(huán)境仍然低迷，但環(huán)球資源依然繼續(xù)努力改善公司的整體營收表現(xiàn)。我們對(duì)公司的網(wǎng)站業(yè)務(wù)所作出的調(diào)整令其營收狀況得以改善；與此同時(shí)，我們也計(jì)劃推出數(shù)個(gè)全新的展覽會(huì)。此外，環(huán)球資源將不斷致力整合公司所提供的服務(wù)，并始終相信結(jié)合網(wǎng)站及展覽會(huì)優(yōu)勢(shì)的出口推廣方案將為我們的客戶帶來更為獨(dú)特且更高價(jià)值的服務(wù)?！?/p>
業(yè)績要覽：2014年第一季與2013年第一季之年度比較分析
環(huán)球資源首席財(cái)務(wù)官賴秀琴女士表示：“公司在2014年第一季的業(yè)績反映了在3月份舉辦的‘深圳國際機(jī)械制造工業(yè)展覽會(huì)’所帶來的業(yè)績貢獻(xiàn)，以及IIC-China由2013年在第一季改為今年在第三季舉行的影響。環(huán)球資源將繼續(xù)致力維持穩(wěn)健的財(cái)務(wù)狀況，我們同時(shí)沒有任何短期或長期的債務(wù)?！?/p>
依據(jù)“國際財(cái)務(wù)報(bào)告準(zhǔn)則”計(jì)算的2014年上半年財(cái)務(wù)展望
近期企業(yè)要覽
環(huán)球資源2014年第一季度業(yè)績投資者電話會(huì)議
環(huán)球資源執(zhí)行董事長韓禮士先生及首席財(cái)務(wù)官賴秀琴女士將于美國東部時(shí)間2014年5月15日上午8時(shí) (香港時(shí)間2014年5月15日晚上8時(shí)) 主持投資者電話會(huì)議，旨在回顧公司2014年第一季度的業(yè)績。美國投資者如欲參與本次電話會(huì)議，請(qǐng)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(hào)碼 (852) 3009-5027，并向接線生提供本次電話會(huì)議的編號(hào)4680009，同時(shí)請(qǐng)?zhí)嵩?0分鐘撥打上述電話號(hào)碼，以確保在會(huì)議開始時(shí)所有參與者都已聯(lián)機(jī)。有關(guān)的電話會(huì)議也將于環(huán)球資源企業(yè)網(wǎng)站作網(wǎng)上直播，詳情請(qǐng)瀏覽 http://www.investor.globalsources.com。
本次電話會(huì)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(huì)議者收聽。有興趣人士也可由電話會(huì)議進(jìn)行當(dāng)日至2014年5月22日期間收聽本次電話會(huì)議之回放。如欲收聽有關(guān)電話會(huì)議回放，請(qǐng)撥打 (800) 406-7325，或美國以外地區(qū)請(qǐng)撥打 (1-303) 590-3030，并輸入密碼 4680009。香港投資者則可撥打本地電話號(hào)碼 (852) 3056-2777，并輸入密碼 4680009。
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(duì)外貿(mào)易。
公司的核心業(yè)務(wù)是通過一系列英文媒體，包括環(huán)球資源網(wǎng)站 (GlobalSources.com)、印刷及電子雜志、采購資訊報(bào)告、“買家專場(chǎng)采購會(huì)”及貿(mào)易展覽會(huì)，促進(jìn)亞洲各國的出口貿(mào)易。
超過100萬名國際買家、當(dāng)中包括95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?cè)趶?fù)雜的供應(yīng)市場(chǎng)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(gè)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(huì)及貿(mào)易展覽會(huì)。環(huán)球資源在中國設(shè)有超過30個(gè)辦事機(jī)構(gòu)，公司的中文媒體擁有逾400萬名網(wǎng)上注冊(cè)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(chǎng)公開上市，如今已經(jīng)成功邁向第5個(gè)十年。
環(huán)球資源未按“國際財(cái)務(wù)報(bào)告準(zhǔn)則”計(jì)算方法
環(huán)球資源管理層認(rèn)為未按“國際財(cái)務(wù)報(bào)告準(zhǔn)則”(Non-IFRS) 計(jì)算方法是有效反映營運(yùn)狀況的計(jì)算方法，因此于本新聞稿末部提供按“國際財(cái)務(wù)報(bào)告準(zhǔn)則”(IFRS) 計(jì)算及未按“國際財(cái)務(wù)報(bào)告準(zhǔn)則”計(jì)算的對(duì)帳表。
環(huán)球資源將過往及將來未按“國際財(cái)務(wù)報(bào)告準(zhǔn)則”計(jì)算的凈收入 (non-IFRS net income) 定義為：按“國際財(cái)務(wù)報(bào)告準(zhǔn)則”計(jì)算的凈收入扣除非現(xiàn)金股票費(fèi)用、與公司數(shù)個(gè)股權(quán)補(bǔ)償計(jì)劃相關(guān)的無形資產(chǎn)攤銷費(fèi)用、公司任何購并及投資所得的收益或虧損及相關(guān)的交易及稅務(wù)費(fèi)用，及 /或公司所有扣除相關(guān)稅務(wù)費(fèi)用的減值支出。而未按“國際財(cái)務(wù)報(bào)告準(zhǔn)則”計(jì)算的每股盈利 (Non-IFRS EPS) 的定義為：未按“國際財(cái)務(wù)報(bào)告準(zhǔn)則”計(jì)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(xiàng)、折舊、攤銷、股票補(bǔ)償費(fèi)用、商譽(yù)及無形資產(chǎn)減值、任何購并及投資所得的收益或虧損及相關(guān)的交易及稅務(wù)費(fèi)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(wù)﹑宏觀經(jīng)濟(jì)情況及作出上述聲明的假設(shè)或會(huì)發(fā)生變化，可能使公司實(shí)際業(yè)績與此前瞻性聲明有所出入。
(財(cái)務(wù)報(bào)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 March 31, As at December 31,
2014 2013
----------------- -----------------
(Unaudited)
ASSETS
Current assets
Cash and cash equivalents $ 139,184 $ 137,359
Term deposits with banks 4,059 106
Financial assets,
available-for-sale 1,359 6,367
Accounts receivables, net 2,715 3,122
Receivables from sales
representatives 12,409 10,630
Inventories 224 266
Prepaid expenses and
other current assets 24,120 18,544
----------------- -----------------
184,070 176,394
----------------- -----------------
Non-current assets
Property and equipment 63,229 49,701
Investment properties 87,045 89,615
Intangible assets 35,517 21,423
Long term investment 100 100
Deferred income tax assets 99 98
Other non-current assets 2,484 1,766
----------------- -----------------
188,474 162,703
----------------- -----------------
Total assets $ 372,544 $ 339,097
----------------- -----------------
LIABILITIES AND
SHAREHOLDERS' EQUITY
Current liabilities
Accounts payable $ 18,831 $ 8,779
Deferred income and
customer prepayments 104,911 84,704
Accrued liabilities 18,816 19,166
Income tax liabilities 3,329 2,635
----------------- -----------------
145,887 115,284
----------------- -----------------
Non-current liabilities
Accounts payable 850 -
Deferred income and
customer prepayments 8,573 5,660
Deferred income tax
liabilities 4,388 4,591
----------------- -----------------
13,811 10,251
----------------- -----------------
Total liabilities 159,698 125,535
----------------- -----------------
Equity attributable to
Company's shareholders
Common shares 528 525
Treasury shares (150,089) (150,089)
Other reserves 159,666 161,950
Retained earnings 191,739 191,594
----------------- -----------------
Total Company
shareholders' equity 201,844 203,980
Non-controlling interests 11,002 9,582
----------------- -----------------
Total equity $ 212,846 $ 213,562
----------------- -----------------
Total liabilities and equity $ 372,544 $ 339,097
----------------- -----------------
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,
----------------------------------------
2014 2013
----------------- -----------------
(Unaudited) (Unaudited)
Revenue
Online and other media
services (Note 1) $ 23,842 $ 27,959
Exhibitions 8,860 1,501
Miscellaneous 1,768 1,792
----------------- -----------------
34,470 31,252
----------------- -----------------
Operating Expenses:
Sales (Note 2) 9,046 10,993
Event production 1,804 396
Community and content
(Note 2) 5,443 6,185
General and administrative
(Note 2 & 3) 14,128 9,792
Information and technology
(Note 2) 3,191 3,314
----------------- -----------------
Total Operating Expenses 33,612 30,680
----------------- -----------------
Profit on sale of property - 4,457
----------------- -----------------
Profit from Operations 858 5,029
----------------- -----------------
Interest income 417 274
Gain on sale of
available-for-sale securities 10 -
Interest expenses (47) -
----------------- -----------------
Profit before income taxes 1,238 5,303
Income tax expense (355) (26)
----------------- -----------------
Net profit $ 883 $ 5,277
----------------- -----------------
Net (profit) / loss
attributable to
non-controlling interests (738) 344
----------------- -----------------
Net profit attributable
to the Company's shareholders $ 145 $ 5,621
================= =================
Diluted net profit per
share attributable to the
Company's shareholders * $ 0.16
================= =================
Shares used in diluted net
profit per share calculations 36,174,507 35,914,192
================= =================
* Basic and diluted net profit per share attributable to the Company's
shareholders is less than $0.01
Note: 1. Online and other media services consists of:
Three months ended March 31,
----------------------------------------
2014 2013
----------------- -----------------
(Unaudited) (Unaudited)
Online services $ 21,252 $ 24,975
Print services 2,590 2,984
----------------- -----------------
$ 23,842 $ 27,959
----------------- -----------------
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,
----------------------------------------
2014 2013
----------------- -----------------
(Unaudited) (Unaudited)
Sales $ 7 $ 68
Community and content (59) (41)
General and administrative 183 229
Information and technology 70 85
----------------- -----------------
$ 201 $ 341
----------------- -----------------
Note: 3. General and administrative expenses consist of:
Three months ended March 31,
----------------------------------------
2014 2013
----------------- -----------------
(Unaudited) (Unaudited)
General and administrative
expenses before
amortization of intangible
assets and foreign
exchange losses $ 9,026 $ 8,770
Amortization of intangible
assets 3,461 776
Foreign exchange losses 1,641 246
----------------- -----------------
$ 14,128 $ 9,792
----------------- -----------------
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,
2014 2013
--------------- ----------------
IFRS EPS $ - $ 0.16
=============== ================
IFRS Net Profit $ 145 $ 5,621
Non-cash stock based
compensation expense
(Note 1) 201 341
Amortization of intangibles
(Note 2) 253 254
Profit on sale of property - (4,457)
--------------- ----------------
Non-IFRS Net Profit $ 599 $ 1,759
=============== ================
Non-IFRS diluted net
profit per share $ 0.02 $ 0.05
=============== ================
Total shares used in
non-IFRS diluted net
profit per share
calculations 36,174,507 35,914,192
=============== ================
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,
2014 2013
-------------- -------------
IFRS profit from operations $ 858 $ 5,029
Depreciation and amortization 4,846 2,270
-------------- -------------
EBITDA 5,704 7,299
Non-cash stock based
compensation expense 201 341
Profit on sale of property - (4,457)
-------------- -------------
Adjusted EBITDA $ 5,905 $ 3,183
============== =============
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,
------------------------- --------------
2014 2013
------------------------- --------------
Revenue $88.0 to $90.0 $92.7
IFRS EPS $0.14 to $0.18 $0.62
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 of goodwill
and intangibles - - $0.07
Profit on sale of
property, net of
transaction costs &
related tax expenses - - ($0.36)
---------- ---------- --------------
Non-IFRS diluted net
income per share $0.18 to $0.22 $0.37
========== =========== ==============
Total shares used in
non-IFRS diluted net
income per share
calculations 36,400,000 36,400,000 36,048,346
========== =========== ==============
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(cái)務(wù)矩陣圖，請(qǐng)瀏覽：http://photos.prnasia.com/prnk/20140515/8521402759
如需查詢，請(qǐng)聯(lián)絡(luò)：
| 傳媒聯(lián)絡(luò) | |
| 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(jì)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(luò)： | |
| 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 |
