 |
- 2012年第二季凈營業收入為6,680萬美元-
- 2012年第二季按“國際財務報告準則”計算每股盈利0.27美元，未按“國際財務報告準則”計算每股盈利0.31美元-
- 公司提供2012年下半年凈營業收入指引-
紐約2012年8月23日電 /美通社亞洲/ -- 環球資源 (NASDAQ: GSOL) 公布截至 2012年6月30日的第二季度業績報告。
環球資源執行董事長韓禮士 (Merle A. Hinrichs) 先生表示：“正如我們早前預測，公司2012年第二季的凈營業收入受到中國大陸出口放緩所影響；此外，由于西歐及美國等主要市場的消費意欲在短期內依然偏軟，有關情況將繼續對環球資源的核心業務構成影響。然而，公司將繼續發展針對中國內貿市場的業務，如剛圓滿結束的‘中國 (深圳) 國際品牌服裝服飾交易會’在參觀人數及展位銷售方面均取得良好的成績。”
韓先生指出：“縱使全球經濟前景依然非常不明朗，公司經驗豐富的管理層將繼續專注于不斷提升公司的競爭優勢，同時維持環球資源穩健的財務狀況。”
業績要覽：2012年第二季與2011年第二季之年度比較分析
業績要覽：依據“國際財務報告準則”計算，截至2012年6月30日的上半年與2011年上半年之年度比較分析
環球資源首席財務官賴秀琴女士表示：“環球資源的財務狀況依然十分穩健，截至2012年6月30日，公司持有的現金及證券總值為1億600萬美元，而截至2012年3月底公司持有的現金及證券總值則為9,330萬美元，同時我們沒有任何債務。”
賴女士續說：“環球資源的2012年下半年凈營業收入指引反映了兩項對公司第三季業績表現的正面的季度性因素。首先，在7月初舉行的‘中國 (深圳) 國際品牌服裝服飾交易會’的收入及利潤將于本年第三季度入賬，而這項收益在2011年第三季是沒有的。此外，剛于數天前結束，首屆在巴西圣保羅舉行的‘環球資源采購交易會’的收益也將反映在我們下半年的營業收入指引之中。”
賴女士指出：“我們預計公司在2012年下半年的營收比例將為網站業務占45%至46%，展覽會業務占44%至45%，雜志業務占6%至7%，其它業務則約占3%。而2011年下半年公司營收比例為網站業務約占50%，展覽會業務占37%，雜志業務占11%及其它業務占2%。”
依據“國際財務報告準則”計算的2012年下半年財務展望
近期企業要覽
環球資源2012年第二季度業績報告投資者電話會議
環球資源執行董事長韓禮士先生及首席財務官賴秀琴女士將于美國東部時間2012年8月23日上午8時 (香港時間2012年8月23日晚上8時) 主持投資者電話會議，旨在回顧公司2012年第二季度的業績。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4553190，同時請提早10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機。有關的電話會議也將于環球資源企業網站作網上現場直播，詳情請瀏覽 。
本次電話會議的網上廣播將于環球資源企業網站轉載至少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2012年8月30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，或美國以外地區請撥打 (1-303) 590-3030，并輸入密碼4553190。香港投資者則可撥打本地電話號碼 (852) 3056-2777，并輸入密碼4553190。
環球資源
環球資源是一家領先業界的多渠道B2B媒體公司，致力于促進大中華地區的對外貿易。
公司的核心業務是通過一系列英文媒體，包括網站 ()、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118萬名國際買家、當中包括90家來自全球百強零售商，使用環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個國家及地區的買家訂單。
環球資源也通過一系列中文媒體協助海內外企業在大中華地區行銷，當中包括網站、印刷及電子雜志、研討會及貿易展覽會。環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400萬名網上注冊用戶及雜志讀者。
環球資源于2000年在美國納斯達克股票市場公開上市，如今已經成功邁向第5個十年。
環球資源未按“國際財務報告準則”計算方法
環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金股票費用、與公司數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 /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行普通股的攤薄加權平均股數。經調整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前的盈利。
前瞻性陳述
本新聞稿中的前瞻性聲明是根據經修訂的證券法 (1933年) 第27-A條及經修訂的證券交易所法 (1934年) 第21-E條而作出的。由于公司業務﹑宏觀經濟情況及作出上述聲明的假設或會發生變化，可能使公司實際業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 CONSOLIDATED BALANCE SHEETS (In U.S. Dollars Thousands, Except Number of Shares and Per Share Data) |
||||||
| As at June 30, |
As at December 31, |
|||||
| 2012 |
2011 |
|||||
| (Unaudited) |
||||||
| ASSETS |
||||||
| Current assets |
||||||
| Cash and cash equivalents |
$ |
98,696 |
$ |
81,903 |
||
| Term deposits with banks |
2,043 |
2,764 |
||||
| Financial assets, available-for-sale |
5,255 |
13,250 |
||||
| Accounts receivables |
4,362 |
4,711 |
||||
| Receivables from sales representatives |
9,068 |
6,523 |
||||
| Inventories |
263 |
230 |
||||
| Prepaid expenses and other current assets |
22,759 |
20,895 |
||||
| 142,446 |
130,276 |
|||||
| Non-current assets |
||||||
| Property and equipment |
54,352 |
55,761 |
||||
| Investment properties |
74,085 |
75,370 |
||||
| Intangible assets |
36,040 |
11,946 |
||||
| Long term investment |
100 |
100 |
||||
| Deferred income tax assets |
307 |
325 |
||||
| Other non-current assets |
2,854 |
2,552 |
||||
| 167,738 |
146,054 |
|||||
| Total assets |
$ |
310,184 |
$ |
276,330 |
||
| LIABILITIES AND SHAREHOLDERS' EQUITY |
||||||
| Current liabilities |
||||||
| Accounts payable |
$ |
10,994 |
$ |
7,698 |
||
| Deferred income and customer prepayments |
112,199 |
101,841 |
||||
| Accrued liabilities |
16,645 |
17,723 |
||||
| Income tax liabilities |
858 |
714 |
||||
| 140,696 |
127,976 |
|||||
| Non-current liabilities |
||||||
| Deferred income and customer prepayments |
9,129 |
8,290 |
||||
| Deferred income tax liabilities |
4,906 |
1,510 |
||||
| 14,035 |
9,800 |
|||||
| Total liabilities |
154,731 |
137,776 |
||||
| Equity attributable to Company's shareholders |
||||||
| Common shares |
520 |
518 |
||||
| Treasury shares |
(150,089) |
(150,089) |
||||
| Other reserves |
153,097 |
152,591 |
||||
| Retained earnings |
139,477 |
126,653 |
||||
| Total Company shareholders' equity |
143,005 |
129,673 |
||||
| Non-controlling interests |
12,448 |
8,881 |
||||
| Total equity |
$ |
155,453 |
$ |
138,554 |
||
| Total liabilities and equity |
$ |
310,184 |
$ |
276,330 |
||
| GLOBAL SOURCES LTD. AND SUBSIDIARIES |
||||||||
| Three months ended June 30, |
Six months ended June 30, |
|||||||
| 2012 |
2011 |
2012 |
2011 |
|||||
| (Unaudited) |
(Unaudited) |
(Unaudited) |
(Unaudited) |
|||||
| Revenue: |
||||||||
| Online and other media services (Note 1) |
$ 34,410 |
$ 35,961 |
$ 69,633 |
$ 67,943 |
||||
| Exhibitions |
30,507 |
29,111 |
32,724 |
33,492 |
||||
| Miscellaneous |
1,861 |
1,470 |
3,338 |
2,643 |
||||
| $ 66,778 |
$ 66,542 |
$ 105,695 |
$ 104,078 |
|||||
| Operating Expenses: |
||||||||
| Sales (Note 2) |
23,532 |
23,370 |
38,566 |
37,809 |
||||
| Event production |
9,660 |
9,696 |
9,986 |
10,748 |
||||
| Community and content (Note 2) |
8,968 |
9,767 |
15,896 |
16,789 |
||||
| General and administrative (Note 2) |
11,404 |
10,381 |
21,578 |
18,624 |
||||
| Information and technology (Note 2) |
3,248 |
3,070 |
6,639 |
6,243 |
||||
| Total Operating Expenses |
$ 56,812 |
$ 56,284 |
$ 92,665 |
$ 90,213 |
||||
| Profit from Operations |
$ 9,966 |
$ 10,258 |
$ 13,030 |
$ 13,865 |
||||
| Interest income |
246 |
68 |
432 |
116 |
||||
| Share of loss of associate |
(10) |
- |
(24) |
- |
||||
| Impairment loss on investment in associate |
(302) |
- |
(302) |
- |
||||
| Profit before Income Taxes |
$ 9,900 |
$ 10,326 |
$ 13,136 |
$ 13,981 |
||||
| Income tax expense |
(373) |
(469) |
(536) |
(524) |
||||
| Net Profit |
$ 9,527 |
$ 9,857 |
$ 12,600 |
$ 13,457 |
||||
| Net profit attributable to non-controlling interests |
192 |
231 |
224 |
167 |
||||
| Net profit attributable to the Company's shareholders |
||||||||
| $ 9,719 |
$ 10,088 |
$ 12,824 |
$ 13,624 |
|||||
| Diluted net profit per share attributable to the Company's shareholders |
||||||||
| $ 0.27 |
$ 0.28 |
$ 0.36 |
$ 0.38 |
|||||
| Shares used in diluted net profit per share calculations |
||||||||
| 35,853,512 |
35,508,534 |
35,716,189 |
35,424,395 |
|||||
| Note: 1. Online and other media services consists of: |
||||||||
| Three months ended June 30, |
Six months ended June 30, |
|||||||
| 2012 |
2011 |
2012 |
2011 |
|||||
| (Unaudited) |
(Unaudited) |
(Unaudited) |
(Unaudited) |
|||||
| Online services |
$ 30,045 |
$ 29,863 |
$ 60,922 |
$ 57,102 |
||||
| Print services |
4,365 |
6,098 |
8,711 |
10,841 |
||||
| $ 34,410 |
$ 35,961 |
$ 69,633 |
$ 67,943 |
|||||
| 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 June 30, |
Six months ended June 30, |
|||||||
| 2012 |
2011 |
2012 |
2011 |
|||||
| (Unaudited) |
(Unaudited) |
(Unaudited) |
(Unaudited) |
|||||
| Sales |
$ 175 |
$ 226 |
$ 237 |
$ 344 |
||||
| Community and content |
51 |
90 |
16 |
117 |
||||
| General and administrative |
470 |
473 |
735 |
619 |
||||
| Information and technology |
64 |
64 |
136 |
143 |
||||
| $ 760 |
$ 853 |
$ 1,124 |
$ 1,223 |
|||||
| 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 June 30, |
Six months ended June 30, |
||||||||
| 2012 |
2011 |
2012 |
2011 |
||||||
| IFRS EPS |
$ 0.27 |
$ 0.28 |
$ 0.36 |
$ 0.38 |
|||||
| IFRS Net Profit |
$ 9,719 |
$ 10,088 |
$ 12,824 |
$ 13,624 |
|||||
| Non-cash stock based compensation expense (Note 1) |
760 |
853 |
1,124 |
1,223 |
|||||
| Amortization of intangibles (Note 2) |
192 |
191 |
383 |
381 |
|||||
| Impairment loss on investment in associate |
302 |
- |
302 |
- |
|||||
| Non-IFRS Net Profit |
$ 10,973 |
$ 11,132 |
$ 14,633 |
$ 15,228 |
|||||
| Non-IFRS diluted net profit per share |
$ 0.31 |
$ 0.31 |
$ 0.41 |
$ 0.43 |
|||||
| Total shares used in non-IFRS diluted net profit |
|||||||||
| per share calculations |
35,853,512 |
35,508,534 |
35,716,189 |
35,424,395 |
|||||
| 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 June 30, |
Six months ended June 30, |
||||||||
| 2012 |
2011 |
2012 |
2011 |
||||||
| IFRS profit from operations |
$ 9,966 |
$ 10,258 |
$ 13,030 |
$ 13,865 |
|||||
| Depreciation and amortization |
2,089 |
1,816 |
4,053 |
3,337 |
|||||
| EBITDA |
12,055 |
12,074 |
17,083 |
17,202 |
|||||
| Non-cash stock based compensation expense |
760 |
853 |
1,124 |
1,223 |
|||||
| Adjusted EBITDA |
$ 12,815 |
$ 12,927 |
$ 18,207 |
$ 18,425 |
|||||
| 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 |
$120.0 |
to |
$122.0 |
$121.0 |
||
| IFRS EPS |
$0.38 |
to |
$0.42 |
$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 |
$0.45 |
to |
$0.49 |
$0.52 |
||
| Total shares used in non-IFRS diluted net income |
||||||
| per share calculations |
35,873,673 |
35,873,673 |
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. |
||||||
有關財務矩陣圖，請瀏覽：//www.nyhomeapp.cn/sa/attachment/2012/08/200753132.pdf
如需查詢，請聯絡：
| 傳媒聯絡 | |
| 亞洲地區 | 中國地區 |
| 環球資源Global Sources | 環球資源Global Sources |
| 蘇慧雯 | 紀賓賓 |
| 電話：(852) 2555 5040 | 電話：(86-10) 5927 1582 |
| 電子郵件： | 電子郵件： |
| 投資者聯絡： | |
| 亞洲地區 | 美國 |
| 環球資源Global Sources | |
| 王皚 | Cathy Mattison |
| 電話：(852) 2555 4747 | 電話：(1-415) 433 3777 |
| 電子郵件： | 電子郵件： |
