 |
紐約2015年3月26日電 /美通社/ -- 環(huán)球資源Global Sources Ltd. (NASDAQ: GSOL) 公布截至2014年12月31日的第四季度及全年業(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：“環(huán)球資源2014年第四季度的業(yè)績主要受在香港舉辦的‘環(huán)球資源展’系列取得極佳的成績，以及公司有效的成本控制所帶動(dòng)。我對于公司在2014年的整體表現(xiàn)感到滿意，我們于年內(nèi)推出了數(shù)個(gè)新的展覽會(huì)，同時(shí)進(jìn)一步提升了公司涵蓋網(wǎng)站及展覽會(huì)的整合外貿(mào)推廣方案的整體價(jià)值。展望未來，我們將繼續(xù)專注于加強(qiáng)公司的競爭優(yōu)勢，為買家及供應(yīng)商社群提供特定行業(yè)線上線下整合推廣方案?！?/p>
業(yè)績要覽：2014年第四季與2013年第四季之年度比較分析
業(yè)績要覽：截至 2014年12月31日全年與截至 2013年12月31日全年之年度比較分析
環(huán)球資源首席財(cái)務(wù)官賴秀琴女士表示：“公司在2014年第四季取得理想的業(yè)績，源自展覽會(huì)業(yè)務(wù)的凈營業(yè)收入錄得15%的升幅，抵銷了源自網(wǎng)站業(yè)務(wù)的凈營業(yè)收入10% 的跌幅，同時(shí)我們也謹(jǐn)慎控制公司的成本。公司的財(cái)務(wù)狀況穩(wěn)健，我們持有的現(xiàn)金總值為9,850萬美元，同時(shí)沒有任何債務(wù)?！?/p>
依據(jù)“國際財(cái)務(wù)報(bào)告準(zhǔn)則”計(jì)算的2015年上半年財(cái)務(wù)展望
賴女士表示：“我們預(yù)計(jì)公司在2015年上半年的營收比例將為展覽會(huì)業(yè)務(wù)占50%至51%，網(wǎng)站業(yè)務(wù)占38%至39%，雜志業(yè)務(wù)占5%至6%，其它業(yè)務(wù)則約占4%；這一比例反映了我們所提供的行業(yè)專門貿(mào)易展覽會(huì)對公司整體業(yè)務(wù)所占比重上升的情況。而 2014年上半年公司營收比例為網(wǎng)站業(yè)務(wù)約占45%，展覽會(huì)業(yè)務(wù)占45%，雜志業(yè)務(wù)占6%及其它業(yè)務(wù)占4%?！?/p>
近期企業(yè)要覽
環(huán)球資源2014年第四季度及全年業(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2015年3月26日上午8時(shí) (香港時(shí)間2015年3月26日晚上8時(shí)) 主持投資者電話會(huì)議，旨在回顧公司2014年第四季度及全年的業(yè)績。美國投資者如欲參與本次電話會(huì)議，請撥打 (888) 765-5574；香港以外的國際投資者可撥打 (1-913) 312-1269。香港投資者則可撥打本地電話號(hào)碼 (852) 3008-0382，并向接線生提供本次電話會(huì)議的編號(hào) 9303522，同時(shí)請?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)所有參與者均已聯(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)場直播，詳情請瀏覽 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 2015年4月2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 9303522。香港投資者則可撥打本地電話號(hào)碼 (800) 901-108，并輸入密碼 9303522。
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)、印刷及電子雜志、采購資訊報(bào)告、“買家專場采購會(huì)”及貿(mào)易展覽會(huì)，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(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500萬名網(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(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 December 31, |
As at December 31, |
||||
| 2014 |
2013 |
||||
| (Unaudited) |
|||||
| ASSETS |
|||||
| Current assets |
|||||
| Cash and cash equivalents |
$ 90,223 |
$ 137,359 |
|||
| Term deposits with banks |
4,285 |
106 |
|||
| Financial assets, available-for-sale |
3,952 |
6,367 |
|||
| Accounts receivables, net |
2,269 |
3,122 |
|||
| Receivables from sales representatives |
7,900 |
10,630 |
|||
| Inventories |
154 |
266 |
|||
| Prepaid expenses and other current assets |
17,027 |
18,544 |
|||
| 125,810 |
176,394 |
||||
| Non-current assets |
|||||
| Property and equipment |
63,519 |
49,701 |
|||
| Investment properties |
85,546 |
89,615 |
|||
| Intangible assets |
37,732 |
21,423 |
|||
| Long term investment |
100 |
100 |
|||
| Deferred income tax assets |
196 |
98 |
|||
| Other non-current assets |
1,108 |
1,766 |
|||
| 188,201 |
162,703 |
||||
| Total assets |
$ 314,011 |
$ 339,097 |
|||
| LIABILITIES AND SHAREHOLDERS' EQUITY |
|||||
| Current liabilities |
|||||
| Accounts payable |
$ 9,418 |
$ 8,779 |
|||
| Deferred income and customer prepayments |
84,869 |
84,704 |
|||
| Accrued liabilities |
19,100 |
19,166 |
|||
| Income tax liabilities |
3,848 |
2,635 |
|||
| 117,235 |
115,284 |
||||
| Non-current liabilities |
|||||
| Accounts payable |
889 |
- |
|||
| Deferred income and customer prepayments |
3,971 |
5,660 |
|||
| Deferred income tax liabilities |
6,842 |
4,591 |
|||
| 11,702 |
10,251 |
||||
| Total liabilities |
128,937 |
125,535 |
|||
| Equity attributable to Company's shareholders |
|||||
| Common shares |
529 |
525 |
|||
| Treasury shares |
(200,089) |
(150,089) |
|||
| Other reserves |
161,242 |
161,950 |
|||
| Retained earnings |
209,924 |
191,594 |
|||
| Total Company shareholders' equity |
171,606 |
203,980 |
|||
| Non-controlling interests |
13,468 |
9,582 |
|||
| Total equity |
$ 185,074 |
$ 213,562 |
|||
| Total liabilities and equity |
$ 314,011 |
$ 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 December 31, |
Year ended December 31, |
|||||||
| 2014 |
2013 |
2014 |
2013 |
|||||
| (Unaudited) |
(Unaudited) |
(Unaudited) |
||||||
| Revenue: |
||||||||
| Online and other media services (Note 1) |
$ 22,465 |
$ 25,036 |
$ 93,252 |
$ 104,629 |
||||
| Exhibitions |
38,183 |
33,237 |
97,017 |
85,636 |
||||
| Miscellaneous |
2,219 |
1,791 |
7,943 |
7,257 |
||||
| 62,867 |
60,064 |
198,212 |
197,522 |
|||||
| Operating Expenses: |
||||||||
| Sales (Note 2) |
20,749 |
20,540 |
60,805 |
61,958 |
||||
| Event production |
9,728 |
9,322 |
25,080 |
24,403 |
||||
| Community and content (Note 2) |
7,800 |
7,079 |
26,843 |
27,481 |
||||
| General and administrative (Note 2 & 3) |
12,375 |
16,126 |
52,631 |
50,272 |
||||
| Information and technology (Note 2) |
3,171 |
3,090 |
12,683 |
12,729 |
||||
| Total Operating Expenses |
53,823 |
56,157 |
178,042 |
176,843 |
||||
| Profit on sale of property |
- |
- |
- |
15,410 |
||||
| Profit from Operations |
9,044 |
3,907 |
20,170 |
36,089 |
||||
| Interest income |
268 |
384 |
1,314 |
1,472 |
||||
| Gain on sale of available-for-sale securities |
- |
64 |
11 |
64 |
||||
| Interest expenses |
(47) |
- |
(186) |
- |
||||
| Profit before Income Taxes |
9,265 |
4,355 |
21,309 |
37,625 |
||||
| Income tax expense |
(625) |
(427) |
(2,468) |
(4,753) |
||||
| Net Profit |
$ 8,640 |
$ 3,928 |
$ 18,841 |
$ 32,872 |
||||
| Net (profit)/loss attributable to non-controlling |
641 |
1,056 |
(511) |
(137) |
||||
| Net profit attributable to the Company's |
||||||||
| shareholders |
$ 9,281 |
$ 4,984 |
$ 18,330 |
$ 32,735 |
||||
| Diluted net profit per share attributable to |
||||||||
| the Company's shareholders |
$ 0.29 |
$ 0.14 |
$ 0.55 |
$ 0.91 |
||||
| Shares used in diluted net profit per share |
||||||||
| calculations |
31,516,581 |
36,196,122 |
33,482,371 |
36,068,326 |
||||
| Note: 1. Online and other media services consists of: |
||||||||
| Three months ended December 31, |
Year ended December 31, |
|||||||
| 2014 |
2013 |
2014 |
2013 |
|||||
| (Unaudited) |
(Unaudited) |
(Unaudited) |
||||||
| Online services |
$ 19,525 |
$ 21,712 |
$ 81,873 |
$ 91,422 |
||||
| Print services |
2,940 |
3,324 |
11,379 |
13,207 |
||||
| $ 22,465 |
$ 25,036 |
$ 93,252 |
$ 104,629 |
|||||
| 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 December 31, |
Year ended December 31, |
|||||||
| 2014 |
2013 |
2014 |
2013 |
|||||
| (Unaudited) |
(Unaudited) |
(Unaudited) |
||||||
| Sales |
$ 123 |
$ 153 |
$ 409 |
$ 539 |
||||
| Community and content |
21 |
31 |
16 |
43 |
||||
| General and administrative |
319 |
369 |
1,215 |
1,340 |
||||
| Information and technology |
45 |
55 |
217 |
248 |
||||
| $ 508 |
$ 608 |
$ 1,857 |
$ 2,170 |
|||||
| Note: 3. General and administrative expenses consist of: |
||||||||
| Three months ended December 31, |
Year ended December 31, |
|||||||
| 2014 |
2013 |
2014 |
2013 |
|||||
| (Unaudited) |
(Unaudited) |
(Unaudited) |
||||||
| General and administrative expenses before |
$ 9,957 |
$ 9,814 |
$ 40,307 |
$ 39,960 |
||||
| Amortization of intangible assets |
1,149 |
1,138 |
7,496 |
3,235 |
||||
| Impairment charge on intangible assets |
4 |
5,994 |
2,242 |
8,525 |
||||
| Foreign exchange losses (gains) |
1,265 |
(820) |
2,586 |
(1,448) |
||||
| $ 12,375 |
$ 16,126 |
$ 52,631 |
$ 50,272 |
|||||
| 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 December 31, |
Year ended December 31, |
|||||||||||||
| 2014 |
2013 |
2014 |
2013 |
|||||||||||
| IFRS EPS |
$ 0.29 |
$ 0.14 |
$ 0.55 |
$ 0.91 |
||||||||||
| IFRS Net Profit |
$ 9,281 |
$ 4,984 |
$ 18,330 |
$ 32,735 |
||||||||||
| Non-cash stock based compensation expense (Note 1) |
508 |
608 |
1,857 |
2,170 |
||||||||||
| Amortization of intangibles (Note 2) |
86 |
154 |
594 |
748 |
||||||||||
| Impairment of goodwill and intangibles (Note 3) |
4 |
5,109 |
1,682 |
7,640 |
||||||||||
| Profit on sale of property, net of transaction costs & related tax expenses |
- |
- |
- |
(13,124) |
||||||||||
| Non-IFRS Net Profit |
$ 9,879 |
$ 10,855 |
$ 22,463 |
$ 30,169 |
||||||||||
| Non-IFRS diluted net profit per share |
$ 0.31 |
$ 0.30 |
$ 0.67 |
$ 0.84 |
||||||||||
| Total shares used in non-IFRS diluted net profit |
||||||||||||||
| per share calculations |
31,516,581 |
36,196,122 |
33,482,371 |
36,068,326 |
||||||||||
| 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. |
||||||||||||||
| GLOBAL SOURCES LTD. AND SUBSIDIARIES |
||||||||||||||
| ADJUSTED EBITDA RECONCILIATION |
||||||||||||||
| (In U.S. Dollars Thousands) |
||||||||||||||
| Three months ended December 31, |
Year ended December 31, |
|||||||||||||
| 2014 |
2013 |
2014 |
2013 |
|||||||||||
| IFRS profit from operations |
$ |
9,044 |
$ |
3,907 |
$ |
20,170 |
$ |
36,089 |
||||||
| Depreciation and amortization |
2,614 |
2,542 |
13,061 |
9,029 |
||||||||||
| EBITDA |
11,658 |
6,449 |
33,231 |
45,118 |
||||||||||
| Non-cash stock based compensation expense |
508 |
608 |
1,857 |
2,170 |
||||||||||
| Impairment of goodwill and intangibles |
4 |
5,994 |
2,242 |
8,525 |
||||||||||
| Profit on sale of property, net of transaction costs |
- |
- |
- |
(15,410) |
||||||||||
| Adjusted EBITDA |
$ |
12,170 |
$ |
13,051 |
$ |
37,330 |
$ |
40,403 |
||||||
| 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, |
|||||
| 2015 |
2014 |
|||||
| Revenue |
$90.0 |
to |
$92.0 |
$92.8 |
||
| IFRS EPS |
$0.15 |
to |
$0.19 |
$0.20 |
||
| Non-cash stock based compensation expense (Note 1) |
$0.03 |
$0.03 |
$0.02 |
|||
| Amortization of intangibles (Note 2) |
$0.01 |
$0.01 |
$0.01 |
|||
| Impairment of goodwill and intangibles |
- |
- |
$0.05 |
|||
| Non-IFRS diluted net income per share |
$0.19 |
to |
$0.23 |
$0.28 |
||
| Total shares used in non-IFRS diluted net income |
||||||
| per share calculations |
31,740,000 |
31,740,000 |
35,672,551 |
|||
| 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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