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- 2013年第三季錄得凈營(yíng)業(yè)收入4,480萬(wàn)美元 -
- 2013年第三季按“國(guó)際財(cái)務(wù)報(bào)告準(zhǔn)則”計(jì)算每股盈利0.15美元，未按“國(guó)際財(cái)務(wù)報(bào)告準(zhǔn)則”計(jì)算每股盈利0.17美元 -
- 公司重申2013年下半年業(yè)績(jī)指引 -
紐約2013年11月14日電 /美通社/ -- 環(huán)球資源Global Sources Ltd. (NASDAQ: GSOL) 公布截至2013年9月30日的第三季度業(yè)績(jī)報(bào)告。
環(huán)球資源執(zhí)行董事長(zhǎng)韓禮士 (Merle A. Hinrich) 先生表示：“目前，全球零售市場(chǎng)環(huán)境依然充滿挑戰(zhàn)，環(huán)球資源堅(jiān)持以不斷提升服務(wù)價(jià)值為業(yè)務(wù)重心，幫助買(mǎi)賣(mài)雙方更加高效地進(jìn)行采購(gòu)及出口推廣活動(dòng)。作為公司的核心業(yè)務(wù)之一，‘環(huán)球資源展’于上月的香港秋季展上慶祝十周年志慶，我們對(duì)于秋季系列展的整體成績(jī)感到滿意，其中電子展的表現(xiàn)最為突出。”
韓先生指出：“今年秋季的‘環(huán)球資源電子產(chǎn)品及零件展’共計(jì)展示超過(guò)4,100個(gè)展位，到場(chǎng)參觀的買(mǎi)家人數(shù)為歷屆之冠。展會(huì)的移動(dòng)及無(wú)線產(chǎn)品專(zhuān)區(qū)備受買(mǎi)家及參展商歡迎，因此，我們決定在2014年推出相關(guān)產(chǎn)品的獨(dú)立展會(huì)，并將配備相應(yīng)的行業(yè)網(wǎng)站及貿(mào)易雜志。”
環(huán)球資源首席財(cái)務(wù)官賴(lài)秀琴女士表示：“公司于美國(guó)邁阿密及印度孟買(mǎi)舉辦的‘環(huán)球資源展’從2012年的第三季分別改為在今年的第二和第四季舉行，上述展會(huì)舉辦日期的調(diào)整，再加上在七月份舉辦的‘中國(guó) (深圳) 國(guó)際品牌服裝服飾交易會(huì)’的財(cái)務(wù)表現(xiàn)未如理想，令公司2013年第三季的業(yè)績(jī)受到影響。然而，有關(guān)情況并未對(duì)公司展覽會(huì)業(yè)務(wù)長(zhǎng)遠(yuǎn)且正面的發(fā)展前景以及公司成功整合網(wǎng)站及展覽會(huì)優(yōu)勢(shì)的策略構(gòu)成任何影響。”
業(yè)績(jī)要覽：2013年第三季與 2012年第三季之年度比較分析
業(yè)績(jī)要覽：依據(jù)“國(guó)際財(cái)務(wù)報(bào)告準(zhǔn)則”計(jì)算，截至2013年9月30日的九個(gè)月與2012年同期之年度比較分析
賴(lài)女士繼續(xù)表示：“環(huán)球資源所持有的流動(dòng)資金充裕，公司的財(cái)務(wù)狀況也十分穩(wěn)健。在截至2013年的第三季末，公司所持有的現(xiàn)金及證券總值為1億4,590萬(wàn)美元，相對(duì)于2012年9月底，公司持有的現(xiàn)金及證券總值則為1億1,080萬(wàn)美元，同時(shí)我們沒(méi)有任何債務(wù)。”
賴(lài)女士總結(jié)道：“環(huán)球資源重申公司的業(yè)績(jī)指引。我們預(yù)計(jì)公司在2013年下半年的營(yíng)收比例將為網(wǎng)站業(yè)務(wù)占40%至41%，展覽會(huì)業(yè)務(wù)占50%至51%，雜志業(yè)務(wù)占5%至6%，其它業(yè)務(wù)則約占3%。而2012年下半年公司營(yíng)收比例為網(wǎng)站業(yè)務(wù)約占46%，展覽會(huì)業(yè)務(wù)占44%，雜志業(yè)務(wù)占7%及其它業(yè)務(wù)占3%。”
依據(jù)“國(guó)際財(cái)務(wù)報(bào)告準(zhǔn)則”計(jì)算的2013年下半年財(cái)務(wù)展望
近期企業(yè)要覽
環(huán)球資源 2013年第三季度投資者電話會(huì)議
環(huán)球資源執(zhí)行董事長(zhǎng)韓禮士先生及首席財(cái)務(wù)官賴(lài)秀琴女士將于美國(guó)東部時(shí)間2013年11月14日上午8時(shí) (香港時(shí)間2013年11月14日晚上9時(shí)) 主持投資者電話會(huì)議，旨在回顧公司2013年第三季度的業(yè)績(jī)。美國(guó)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(guó)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) 4644710，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(kāi)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)上現(xiàn)場(chǎng)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(tīng)。有興趣人士也可由電話會(huì)議進(jìn)行當(dāng)日至2013年11月22日期間收聽(tīng)本次電話會(huì)議之回放。如欲收聽(tīng)有關(guān)電話會(huì)議回放，請(qǐng)撥打 (800) 406-7325，或美國(guó)以外地區(qū)請(qǐng)撥打 (1-303) 590-3030，并輸入密碼 4644710。香港投資者則可撥打本地電話號(hào)碼 (852) 3056-2777，并輸入密碼 4644710。
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(guò)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(gòu)資訊報(bào)告、“買(mǎi)家專(zhuān)場(chǎng)采購(gòu)會(huì)”及貿(mào)易展覽會(huì)，促進(jìn)亞洲各國(guó)的出口貿(mào)易。
超過(guò)100萬(wàn)名國(guó)際買(mǎi)家、當(dāng)中包括95家來(lái)自全球百?gòu)?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(gòu)。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(xiāo)售查詢，贏得來(lái)自逾240個(gè)國(guó)家及地區(qū)的買(mǎi)家訂單。
環(huán)球資源也通過(guò)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(xiāo)，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(guó)設(shè)有超過(guò)30個(gè)辦事機(jī)構(gòu)，公司的中文媒體擁有逾400萬(wàn)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(guó)納斯達(dá)克股票市場(chǎng)公開(kāi)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(guó)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(guó)際財(cái)務(wù)報(bào)告準(zhǔn)則”(Non-IFRS) 計(jì)算方法是有效反映營(yíng)運(yùn)狀況的計(jì)算方法，因此于本新聞稿末部提供按“國(guó)際財(cái)務(wù)報(bào)告準(zhǔn)則”(IFRS) 計(jì)算及未按“國(guó)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(guò)往及將來(lái)未按“國(guó)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(guó)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(wú)形資產(chǎn)攤銷(xiāo)費(fèi)用、公司任何購(gòu)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 /或公司所有減損支出。而未按“國(guó)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(guó)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(xiāo)、股票補(bǔ)償費(fèi)用、商譽(yù)及無(wú)形資產(chǎn)減值、任何購(gòu)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(jī)與此前瞻性聲明有所出入。
(財(cái)務(wù)報(bào)告詳見(jiàn)附頁(yè))
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,
--------------------- --------------------
2013 2012
--------------------- --------------------
(Unaudited)
ASSETS
Current assets
Cash and cash equivalents $ 136,575 $ 104,631
Term deposits with banks 1,759 4,184
Financial assets,
available-for-sale 7,547 7,472
Accounts receivables 3,573 4,242
Receivables from sales
representatives 8,582 7,773
Inventories 327 410
Prepaid expenses and other
current assets 26,789 18,396
--------------------- --------------------
185,152 147,108
--------------------- --------------------
Non-current assets
Property and equipment 49,879 30,442
Investment properties 89,321 97,377
Intangible assets 28,555 33,136
Long term investment 100 100
Deferred income tax assets 146 244
Other non-current assets 2,580 2,762
--------------------- --------------------
170,581 164,061
--------------------- --------------------
Total assets $ 355,733 $ 311,169
===================== ====================
LIABILITIES AND
SHAREHOLDERS' EQUITY
Current liabilities
Accounts payable $ 11,781 $ 12,531
Deferred income and
customer prepayments 98,247 84,540
Accrued liabilities 21,141 20,409
Income tax liabilities 2,726 1,225
--------------------- --------------------
133,895 118,705
--------------------- --------------------
Non-current liabilities
Deferred income and
customer prepayments 6,837 9,062
Deferred income tax
liabilities 5,718 6,090
--------------------- --------------------
12,555 15,152
--------------------- --------------------
Total liabilities 146,450 133,857
--------------------- --------------------
Equity attributable to
Company's shareholders
Common shares 525 521
Treasury shares (150,089) (150,089)
Other reserves 160,200 156,629
Retained earnings 186,610 158,859
--------------------- --------------------
Total Company
shareholders' equity 197,246 165,920
Non-controlling interests 12,037 11,392
--------------------- --------------------
Total equity $ 209,283 $ 177,312
Total liabilities and
equity $ 355,733 $ 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 Nine months ended
September 30, September 30,
-------------------------- --------------------------
2013 2012 2013 2012
------------ ------------- ------------- ------------
(Unaudited) (Unaudited) (Unaudited) (Unaudited)
Revenue:
Online and other
media services
(Note 1) $ 25,417 $ 34,115 $ 79,593 $ 103,748
Exhibitions 17,624 23,342 52,399 56,066
Miscellaneous 1,726 1,646 5,466 4,984
------------ ------------- ------------- ------------
44,767 59,103 137,458 164,798
------------ ------------- ------------- ------------
Operating Expenses:
Sales (Note 2) 11,153 18,686 41,418 57,252
Event production 4,431 6,548 15,081 16,534
Community and
content (Note 2) 6,670 8,172 20,402 24,068
General and
administrative
(Note 2) 10,990 10,647 34,146 32,225
Information and
technology
(Note 2) 3,164 3,326 9,639 9,965
------------ ------------- ------------- ------------
Total Operating
Expenses 36,408 47,379 120,686 140,044
------------ ------------- ------------- ------------
Profit on sale of
property - - 15,410 -
------------ ------------- ------------- ------------
Profit from
Operations 8,359 11,724 32,182 24,754
------------ ------------- ------------- ------------
Interest income 467 300 1,088 732
Share of loss of
associate - - - (24)
Impairment loss
on investment
in associate - - - (302)
------------ ------------- ------------- ------------
Profit before
Income Taxes 8,826 12,024 33,270 25,160
Income tax expense (1,657) (1,514) (4,326) (2,050)
------------ ------------- ------------- ------------
Net Profit $ 7,169 $ 10,510 $ 28,944 $ 23,110
------------ ------------- ------------- ------------
Net profit
attributable to
non-controlling
interests (1,813) (2,305) (1,193) (2,081)
------------ ------------- ------------- ------------
Net profit
attributable to
the Company's
shareholders $ 5,356 $ 8,205 $ 27,751 $ 21,029
============ ============= ============= ============
Diluted net profit
per share
attributable to
the Company's
shareholders $ 0.15 $ 0.23 $ 0.77 $ 0.59
============ ============= ============= ============
Shares used in
diluted net
profit per share
calculations 36,186,254 35,862,759 36,045,545 35,718,965
============ ============= ============= ============
Note: 1. Online and other media services consists of:
Three months ended Nine months ended
September 30, September 30,
-------------------------- --------------------------
2013 2012 2013 2012
------------ ------------- ------------- ------------
(Unaudited) (Unaudited) (Unaudited) (Unaudited)
Online services $ 22,046 $ 29,975 $ 69,710 $ 90,897
Print services 3,371 4,140 9,883 12,851
------------ ------------- ------------- ------------
$ 25,417 $ 34,115 $ 79,593 $ 103,748
------------ ------------- ------------- ------------
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 Nine months ended
September 30, September 30,
-------------------------- --------------------------
2013 2012 2013 2012
------------ ------------- ------------- ------------
(Unaudited) (Unaudited) (Unaudited) (Unaudited)
Sales $ 159 $ 175 $ 386 $ 412
Community and
content 28 23 12 39
General and
administrative 368 424 971 1,159
Information and
technology 54 61 193 197
------------ ------------- ------------- ------------
$ 609 $ 683 $ 1,562 $ 1,807
------------ ------------- ------------- ------------
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 Nine months ended
September 30, September 30,
2013 2012 2013 2012
------------ ------------- ------------- ------------
IFRS EPS $ 0.15 $ 0.23 $ 0.77 $ 0.59
============ ============= ============= ============
IFRS Net Profit $ 5,356 $ 8,205 $ 27,751 $ 21,029
Non-cash stock
based
compensation
expense
(Note 1) 609 683 1,562 1,807
Amortization of
intangibles
(Note 2) 167 221 594 604
Impairment loss
on investment
in associate - - - 302
Impairment of
goodwill and
intangibles - - 2,531 -
Profit on sale
of property, net
of transaction
costs & related
tax expenses - - (13,124) -
------------ ------------- ------------- ------------
Non-IFRS Net
Profit $ 6,132 $ 9,109 $ 19,314 $ 23,742
============ ============= ============= ============
Non-IFRS diluted
net profit per
share $ 0.17 $ 0.25 $ 0.54 $ 0.66
============ ============= ============= ============
Total shares used
in non-IFRS
diluted net
profit per share
calculations 36,186,254 35,862,759 36,045,545 35,718,965
============ ============= ============= ============
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 Nine months ended
September 30, September 30,
2013 2012 2013 2012
------------ ------------- ------------- ------------
IFRS profit from
operations $ 8,359 $ 11,724 $ 32,182 $ 24,754
Depreciation and
amortization 2,038 2,875 6,487 6,928
------------ ------------- ------------- ------------
EBITDA 10,397 14,599 38,669 31,682
Non-cash stock
based
compensation
expense 609 683 1,562 1,807
Impairment of
goodwill and
intangibles - - 2,531 -
Profit on sale of
property, net of
transaction costs - - (15,410) -
------------ ------------- ------------- ------------
Adjusted EBITDA $ 11,006 $ 15,282 $ 27,352 $ 33,489
============ ============= ============= ============
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,
-------------------------- --------------------------
2013 2012
-------------------------- --------------------------
Revenue $101.0 to $103.0 $126.0
IFRS EPS $0.32 to $0.36 $0.54
Non-cash stock
based
compensation
expense (Note 1) $0.03 $0.03 $0.04
Amortization of
intangibles
(Note 2) $0.01 $0.01 $0.01
Impairment of
goodwill and
intangibles - - $0.04
----------- ----------- --------------------------
Non-IFRS diluted
net income per
share $0.36 to $0.40 $0.63
=========== =========== ==========================
Total shares used
in non-IFRS
diluted net
income per share
calculations 36,205,000 36,205,000 35,856,577
=========== =========== ==========================
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://www.hykywj.com/sa/attachment/2013/11/20131114113835308323.pdf
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