 |
紐約2015年11月30日電 /美通社/ -- 環(huán)球資源Global Sources Ltd. (NASDAQ: GSOL) 公布截至2015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. Hinrich) 先生表示：“環(huán)球資源2015年第三季的凈營業(yè)收入顯示出我們致力發(fā)展公司的核心商對商跨境貿(mào)易業(yè)務(wù)以及在香港舉辦的貿(mào)易展覽會之決心。為支持此發(fā)展方向，公司已于第二季完成 eMedia 股權(quán)的出售，同時也停止舉辦數(shù)個于2014年第三季舉行的海外貿(mào)易展覽會。我們的策略是專注于發(fā)展那些可以為公司提供較大增長機(jī)會的市場及產(chǎn)品。”
韓先生續(xù)說：“在十月份，我們在香港舉辦了‘環(huán)球資源電子展’，作為目前全球規(guī)模較大的電子產(chǎn)品采購盛會，展會分兩期舉行，逾5,800個展位展示了市場最熱銷的電子產(chǎn)品，并在展位銷售及參觀買家人數(shù)方面均取得穩(wěn)健的雙增長。中國是全球較大的電子生產(chǎn)基地，因此，公司對未來的增長機(jī)會感到十分興奮。就整體業(yè)務(wù)而言，環(huán)球資源將繼續(xù)為公司的買家及供應(yīng)商社群發(fā)展并不斷完善涵蓋展覽會及網(wǎng)站的獨(dú)特整合服務(wù)?！?/p>
業(yè)績要覽：2015年第三季與2014年第三季之年度比較分析
環(huán)球資源首席財務(wù)官賴秀琴女士表示：“為貫徹公司把業(yè)務(wù)重點(diǎn)投放于香港展覽會的策略，我們于2015年第三季并沒有在海外市場舉辦任何出口貿(mào)易展，此舉令公司第三季的營收受到負(fù)面影響。環(huán)球資源繼續(xù)維持一個高效的成本架構(gòu)，公司的財務(wù)狀況依然保持穩(wěn)健，并且沒有任何短期或長期的債務(wù)。”
業(yè)績要覽：截至2015年9月30日的九個月與2014年同期之年度比較分析
依據(jù)“國際財務(wù)報告準(zhǔn)則”計算已修訂的2015年下半年財務(wù)展望
賴女士指出：“縱使公司的展覽會業(yè)務(wù)表現(xiàn)強(qiáng)勁，但由于網(wǎng)站業(yè)務(wù)的表現(xiàn)較遜預(yù)期，因此我們把2015年下半年的財務(wù)展望下調(diào)。”
近期企業(yè)要覽
環(huán)球資源2015年第三季度業(yè)績投資者電話會議
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2015年11月30日上午8時 (香港時間2015年11月30日晚上9時) 主持投資者電話會議，旨在回顧公司2015年第三季度的業(yè)績。美國投資者如欲參與本次電話會議，請撥打 (888) 277-7112；香港以外的國際投資者可撥打 (1-913) 312-1442。香港投資者則可撥打本地電話號碼 (852) 3008-0382，并向接線生提供本次電話會議的編號9894503，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均已聯(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 2015年12月7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，請撥打 (888) 203-1112，或美國以外地區(qū)請撥打 (1-719) 457-0820，并輸入密碼9894503。香港投資者則可撥打本地電話號碼 (800) 901-108，并輸入密碼9894503。
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，包括環(huán)球資源網(wǎng)站 (GlobalSources.com)、雜志、手機(jī)應(yīng)用程序、“買家專場采購會”及貿(mào)易展覽會，促進(jìn)亞洲與全球各國的貿(mào)易往來。
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營運(yùn)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(fèi)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(fèi)用、公司任何購并、投資及出售資產(chǎn)所得的收益或虧損、及其相關(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(fèi)用、商譽(yù)及無形資產(chǎn)減值、任何購并、投資及出售資產(chǎn)所得的收益或虧損、及其相關(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, |
|||||
| 2015 |
2014 |
|||||
| (Unaudited) |
||||||
| ASSETS |
||||||
| Current assets |
||||||
| Cash and cash equivalents |
$ |
53,800 |
$ |
90,223 |
||
| Term deposits with banks |
7,634 |
4,285 |
||||
| Financial assets, available-for-sale |
4,092 |
3,952 |
||||
| Accounts receivables, net |
939 |
2,269 |
||||
| Receivables from sales representatives |
9,667 |
7,900 |
||||
| Inventories |
149 |
154 |
||||
| Prepaid expenses and other current assets |
24,414 |
17,027 |
||||
| Assets classified as held for sale |
10,821 |
- |
||||
| 111,516 |
125,810 |
|||||
| Non-current assets |
||||||
| Property and equipment |
59,996 |
63,519 |
||||
| Investment properties |
71,402 |
85,546 |
||||
| Intangible assets |
28,729 |
37,732 |
||||
| Long term investment |
100 |
100 |
||||
| Deferred income tax assets |
289 |
196 |
||||
| Other non-current assets |
2,511 |
1,108 |
||||
| 163,027 |
188,201 |
|||||
| Total assets |
$ |
274,543 |
$ |
314,011 |
||
| LIABILITIES AND SHAREHOLDERS' EQUITY |
||||||
| Current liabilities |
||||||
| Accounts payable |
$ |
11,161 |
$ |
9,418 |
||
| Deferred income and customer prepayments |
95,843 |
84,869 |
||||
| Accrued liabilities |
15,393 |
19,100 |
||||
| Income tax liabilities |
3,377 |
3,848 |
||||
| 125,774 |
117,235 |
|||||
| Non-current liabilities |
||||||
| Accounts payable |
291 |
889 |
||||
| Deferred income and customer prepayments |
6,629 |
3,971 |
||||
| Deferred income tax liabilities |
5,069 |
6,842 |
||||
| 11,989 |
11,702 |
|||||
| Total liabilities |
137,763 |
128,937 |
||||
| Equity attributable to Company's shareholders |
||||||
| Common shares |
533 |
529 |
||||
| Treasury shares |
(250,089) |
(200,089) |
||||
| Other reserves |
160,090 |
161,242 |
||||
| Retained earnings |
219,795 |
209,924 |
||||
| Total Company shareholders' equity |
130,329 |
171,606 |
||||
| Non-controlling interests |
6,451 |
13,468 |
||||
| Total equity |
$ |
136,780 |
$ |
185,074 |
||
| Total liabilities and equity |
$ |
274,543 |
$ |
314,011 |
||
| GLOBAL SOURCES LTD. AND SUBSIDIARIES |
||||||||||||
| CONSOLIDATED INCOME STATEMENTS |
||||||||||||
| (In U.S. Dollars Thousands, Except Number of Shares and Per Share Data) |
||||||||||||
| Three months ended September 30, |
Nine months ended September 30, |
|||||||||||
| 2015 |
2014 |
2015 |
2014 |
|||||||||
| (Unaudited) |
(Unaudited) |
(Unaudited) |
(Unaudited) |
|||||||||
| Revenue: |
||||||||||||
| Online and other media services (Note 2) |
$ |
17,217 |
$ |
20,311 |
$ |
52,947 |
$ |
62,692 |
||||
| Exhibitions |
4,054 |
9,512 |
50,225 |
50,784 |
||||||||
| Miscellaneous |
2,221 |
1,888 |
6,236 |
5,701 |
||||||||
| 23,492 |
31,711 |
109,408 |
119,177 |
|||||||||
| Operating Expenses: |
||||||||||||
| Sales (Note 3) |
7,640 |
9,683 |
32,333 |
36,189 |
||||||||
| Event production |
1,438 |
2,840 |
13,662 |
13,582 |
||||||||
| Community and content (Note 3) |
4,453 |
5,179 |
14,656 |
15,514 |
||||||||
| General and administrative (Note 3 & 4) |
11,320 |
10,397 |
32,072 |
36,401 |
||||||||
| Information and technology (Note 3) |
3,401 |
3,039 |
9,853 |
9,051 |
||||||||
| Total Operating Expenses |
28,252 |
31,138 |
102,576 |
110,737 |
||||||||
| Profit/(loss) from Operations |
(4,760) |
573 |
6,832 |
8,440 |
||||||||
| Interest income |
123 |
272 |
689 |
979 |
||||||||
| Gain on sale of available-for-sale securities |
13 |
1 |
149 |
11 |
||||||||
| Interest expenses |
(12) |
(47) |
(71) |
(139) |
||||||||
| Profit/(loss) before Income Taxes |
(4,636) |
799 |
7,599 |
9,291 |
||||||||
| Income tax expense |
(234) |
(282) |
(2,422) |
(1,112) |
||||||||
| Net Profit/(loss) from continuing operations |
$ |
(4,870) |
$ |
517 |
$ |
5,177 |
$ |
8,179 |
||||
| Net Profit/(loss) from discontinued operations, net of income tax (Note 5) |
223 |
2,721 |
5,629 |
2,022 |
||||||||
| Net profit/(loss) |
$ |
(4,647) |
$ |
3,238 |
$ |
10,806 |
$ |
10,201 |
||||
| Net (profit)/loss attributable to non-controlling interests |
||||||||||||
| Continuing operations |
23 |
291 |
(1,199) |
49 |
||||||||
| Discontinued operations |
- |
(1,612) |
264 |
(1,201) |
||||||||
| Total |
23 |
(1,321) |
(935) |
(1,152) |
||||||||
| Net profit/(loss) attributable to the Company's |
||||||||||||
| Continuing operations |
$ |
(4,847) |
$ |
808 |
$ |
3,978 |
$ |
8,228 |
||||
| Discontinued operations |
223 |
1,109 |
5,893 |
821 |
||||||||
| Total |
$ |
(4,624) |
$ |
1,917 |
$ |
9,871 |
$ |
9,049 |
||||
| Diluted net profit/(loss) per share attributable to the |
||||||||||||
| Continuing operations |
$ |
(0.18) |
$ |
0.02 |
$ |
0.13 |
$ |
0.24 |
||||
| Discontinued operations |
0.01 |
0.04 |
0.20 |
0.02 |
||||||||
| Total |
$ |
(0.17) |
$ |
0.06 |
$ |
0.33 |
$ |
0.26 |
||||
| Shares used in diluted net profit/(loss) per share |
27,359,011 |
31,487,766 |
30,088,869 |
34,166,224 |
||||||||
| Note: 1. Total revenue from both the continuing operations and discontinued operations during the three months and nine months ended September 30, 2015 and 2014 was as follows: |
||||||||||||
| Three months ended September 30, |
Nine months ended September 30, |
|||||||||||
| 2015 |
2014 |
2015 |
2014 |
|||||||||
| (Unaudited) |
(Unaudited) |
(Unaudited) |
(Unaudited) |
|||||||||
| Continuing operations |
$ |
23,492 |
$ |
31,711 |
$ |
109,408 |
$ |
119,177 |
||||
| Discontinued operations |
- |
10,827 |
4,776 |
16,168 |
||||||||
| $ |
23,492 |
$ |
42,538 |
$ |
114,184 |
$ |
135,345 |
|||||
| Note: 2. Online and other media services consists of: |
||||||||||||
| Three months ended September 30, |
Nine months ended September 30, |
|||||||||||
| 2015 |
2014 |
2015 |
2014 |
|||||||||
| (Unaudited) |
(Unaudited) |
(Unaudited) |
(Unaudited) |
|||||||||
| Online services |
$ |
15,924 |
$ |
18,712 |
$ |
49,125 |
$ |
57,912 |
||||
| Print service |
1,293 |
1,599 |
3,822 |
4,780 |
||||||||
| $ |
17,217 |
$ |
20,311 |
$ |
52,947 |
$ |
62,692 |
|||||
| Note: 3. 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, |
|||||||||||
| 2015 |
2014 |
2015 |
2014 |
|||||||||
| (Unaudited) |
(Unaudited) |
(Unaudited) |
(Unaudited) |
|||||||||
| Sales |
$ |
124 |
$ |
140 |
$ |
302 |
$ |
286 |
||||
| Community and content |
24 |
27 |
65 |
(5) |
||||||||
| General and administrative |
334 |
366 |
1,102 |
896 |
||||||||
| Information and technology |
48 |
52 |
181 |
172 |
||||||||
| $ |
530 |
$ |
585 |
$ |
1,650 |
$ |
1,349 |
|||||
| Note: 4. General and administrative expenses consist of: |
||||||||||||
| Three months ended September 30, |
Nine months ended September 30, |
|||||||||||
| 2015 |
2014 |
2015 |
2014 |
|||||||||
| (Unaudited) |
(Unaudited) |
(Unaudited) |
(Unaudited) |
|||||||||
| General and administrative expenses before |
$ |
9,095 |
$ |
9,306 |
$ |
27,400 |
$ |
26,998 |
||||
| Amortization of intangible assets |
957 |
1,220 |
3,064 |
5,879 |
||||||||
| Impairment charge on intangible assets |
- |
- |
- |
2,238 |
||||||||
| Foreign exchange losses (gains) |
1,268 |
(129) |
1,608 |
1,286 |
||||||||
| $ |
11,320 |
$ |
10,397 |
$ |
32,072 |
$ |
36,401 |
|||||
| Note: 5. Net Profit from discontinued operations, net of income tax consist of: |
||||||||||||
| Three months ended September 30, |
Nine months ended September 30, |
|||||||||||
| 2015 |
2014 |
2015 |
2014 |
|||||||||
| (Unaudited) |
(Unaudited) |
(Unaudited) |
(Unaudited) |
|||||||||
| Profit on sale of subsidiary |
$ |
223 |
$ |
- |
$ |
6,382 |
$ |
- |
||||
| Income tax expense |
- |
- |
(361) |
- |
||||||||
| Profit on sale of subsidiary, net of income tax |
223 |
- |
6,021 |
- |
||||||||
| Profit /(loss) from discontinued operations, net of income tax |
- |
2,721 |
(392) |
2,022 |
||||||||
| $ |
223 |
$ |
2,721 |
$ |
5,629 |
$ |
2,022 |
|||||
| 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 September 30, |
Nine months ended September 30, |
|||||||||||||
| 2015 |
2014 |
2015 |
2014 |
|||||||||||
| IFRS diluted net profit/(loss) per share |
$ |
(0.17) |
$ |
0.06 |
$ |
0.33 |
$ |
0.26 |
||||||
| IFRS Net Profit/(Loss) |
$ |
(4,624) |
$ |
1,917 |
$ |
9,871 |
$ |
9,049 |
||||||
| Non-cash stock based compensation expense (Note 1) |
530 |
585 |
1,650 |
1,349 |
||||||||||
| Amortization of intangibles (Note 2) |
54 |
104 |
347 |
508 |
||||||||||
| Impairment of goodwill and intangibles (Note 3) |
- |
- |
- |
1,678 |
||||||||||
| Profit on sale of subsidiary (Note 4) |
(223) |
- |
(6,021) |
- |
||||||||||
| Non-IFRS Net Profit/(Loss) |
$ |
(4,263) |
$ |
2,606 |
$ |
5,847 |
$ |
12,584 |
||||||
| Non-IFRS diluted net profit/(loss) per share |
$ |
(0.16) |
$ |
0.08 |
$ |
0.19 |
$ |
0.37 |
||||||
| Total shares used in non-IFRS diluted net profit/(loss) |
||||||||||||||
| per share calculations |
27,359,011 |
31,487,766 |
30,088,869 |
34,166,224 |
||||||||||
| 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. |
||||||||||||||
| (3) Impairment of intangibles are net of related taxes. |
||||||||||||||
| (4) Profit on sale of subsidiary is net of related tax. |
||||||||||||||
| GLOBAL SOURCES LTD. AND SUBSIDIARIES |
||||||||||||||
| ADJUSTED EBITDA RECONCILIATION |
||||||||||||||
| (In U.S. Dollars Thousands) |
||||||||||||||
| Three months ended September 30, |
Nine months ended September 30, |
|||||||||||||
| 2015 |
2014 |
2015 |
2014 |
|||||||||||
| IFRS profit/(loss) from operations including discontinued operations |
$ |
(4,760) |
$ |
4,065 |
$ |
6,164 |
$ |
11,126 |
||||||
| Depreciation and amortization including discontinued operations |
2,338 |
2,782 |
7,703 |
10,447 |
||||||||||
| EBITDA |
(2,422) |
6,847 |
13,867 |
21,573 |
||||||||||
| Non-cash stock based compensation expense |
530 |
585 |
1,650 |
1,349 |
||||||||||
| Impairment of goodwill and intangibles |
- |
- |
- |
2,238 |
||||||||||
| Adjusted EBITDA including discontinued operations |
$ |
(1,892) |
$ |
7,432 |
$ |
15,517 |
$ |
25,160 |
||||||
| 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, |
|||||
| 2015 |
2014 |
|||||
| Revenue |
$83.0 |
to |
$84.0 |
$91.8 |
||
| IFRS EPS |
$0.46 |
to |
$0.49 |
$0.32 |
||
| Non-cash stock based compensation expense (Note 1) |
$0.04 |
$0.04 |
$0.03 |
|||
| Amortization of intangibles (Note 2) |
$0.01 |
$0.01 |
$0.01 |
|||
| Gain on sale of investment property, net of transaction costs & |
(0.30) |
(0.30) |
- |
|||
| Non-IFRS diluted net income per share |
$0.21 |
to |
$0.24 |
$0.36 |
||
| Total shares used in non-IFRS diluted net income |
||||||
| per share calculations |
26,283,705 |
26,283,705 |
31,490,737 |
|||
| 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. |
||||||
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| 環(huán)球資源Global Sources |
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| 投資者聯(lián)絡(luò) |
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| 亞洲地區(qū) |
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| 賴秀琴 |
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