- 2010年第二季凈營(yíng)業(yè)收入為5,840萬美元，較2009年同期上升8% -
- 按“公認(rèn)會(huì)計(jì)原則”計(jì)算每股盈利為0.16美元，未按“公認(rèn)會(huì)計(jì)原則”計(jì)算每股盈利為0.18美元 -
- 預(yù)測(cè)2010年下半年公司凈營(yíng)業(yè)收入將有13%至15%的增長(zhǎng) -
紐約2010年8月19日電 /美通社亞洲/ -- 環(huán)球資源Global Sources Ltd. (NASDAQ: GSOL) (http://www.globalsources.com) 公布截至 2010年6月30日的第二季度業(yè)績(jī)報(bào)告。
環(huán)球資源董事長(zhǎng)兼首席執(zhí)行官韓禮士 (Merle A. Hinrichs) 先生表示：“環(huán)球資源在2010年第二季的凈營(yíng)業(yè)收入錄得8%增長(zhǎng)。我們預(yù)計(jì)，2010年下半年公司的凈營(yíng)業(yè)收入將取得較高的年度增長(zhǎng)率，這主要是受惠于 市場(chǎng)對(duì)我們不斷加強(qiáng)整合的全方位專業(yè)采購媒體，包括網(wǎng)站、展覽會(huì)及貿(mào)易雜志的良好反應(yīng)。另一方面，我們亦繼續(xù)積極擴(kuò)充旗下展覽會(huì)的舉辦場(chǎng)次，并將由 2009年的30場(chǎng)增加至2011年逾60場(chǎng)?！?/p>
韓先生指出：“我們相信，公司的展覽會(huì)吸引了進(jìn)口買家社群中頂尖的買家前來參觀，因?yàn)榻^大部份與會(huì)買家都明確表示他們正積極尋找合適的產(chǎn)品及供應(yīng) 商。在2009年，逾100,000名買家參觀了公司舉辦的‘環(huán)球資源采購交易會(huì)’，我們預(yù)測(cè)今年買家參觀人數(shù)將較去年大幅增加，這將為公司的廣告客戶及 展覽商帶來更多的商機(jī)。另一方面，我們?yōu)閰⒄股烫峁┑莫?dú)特定位的‘?dāng)?shù)碼化’程度也不斷提高 － 買家可以在展館現(xiàn)場(chǎng)上網(wǎng)搜尋參展商資料、查看他們的產(chǎn)品并預(yù)約會(huì)面時(shí)間?！?/p>
業(yè)績(jī)要覽：2010年第二季與2009年第二季之年度比較分析
業(yè)績(jī)要覽：截至2010年6月30日的上半年與2009年上半年之年度比較分析
環(huán)球資源未按“公認(rèn)會(huì)計(jì)原則”計(jì)算方法 環(huán)球資源管理層認(rèn)為未按“公認(rèn)會(huì)計(jì)原則” (Non-GAAP) 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“公認(rèn)會(huì)計(jì)原則” (GAAP) 計(jì)算及未按“公認(rèn)會(huì)計(jì)原則”計(jì)算的對(duì)帳表。
環(huán)球資源將過往及將來未按“公認(rèn)會(huì)計(jì)原則”計(jì)算的凈收入 (non-GAAP net income) 定義為： 按“公認(rèn)會(huì)計(jì)原則”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 /或公司所有減損支出。而未按“公認(rèn)會(huì)計(jì)原則”計(jì)算的每股盈利 (Non-GAAP EPS) 的定義為：未按“公認(rèn)會(huì)計(jì)原則”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)減值前的盈利。
環(huán)球資源財(cái)務(wù)總監(jiān)賴秀琴女士表示：“ 預(yù)測(cè)2010年下半年公司的凈營(yíng)業(yè)收入與 2009年同期比較將有13%至15%的增長(zhǎng)。然而，為達(dá)到公司的增長(zhǎng)目標(biāo)，我們將在市場(chǎng)推廣、技術(shù)支援及擴(kuò)充展覽會(huì)業(yè)務(wù)各方面進(jìn)行投資，再加上在中國(guó)的營(yíng)運(yùn)成本不斷上升，因此我們預(yù)計(jì)公司整體的營(yíng)運(yùn)支出將會(huì)有所增加?！?/p>
2010年下半年財(cái)務(wù)展望
在截至2010年12月31日的下半年：
近期企業(yè)要覽
環(huán)球資源2010年第二季度業(yè)績(jī)報(bào)告投資者電話會(huì)議
環(huán)球資源董事長(zhǎng)兼首席執(zhí)行官韓禮士 (Merle A. Hinrichs) 先生及財(cái)務(wù)總監(jiān)賴秀琴女士將于美國(guó)東部時(shí)間2010年8月19日上午8時(shí) (香港時(shí)間2010年8月19日晚上8時(shí)) 主持投資者電話會(huì)議，旨在回顧公司2010年第二季度的業(yè)績(jī)。美國(guó)投資者如欲參與此次電話會(huì)議，請(qǐng)撥 (877) 941-4774；香港以外的國(guó)際投資者可撥 (1-480) 629-9760。香港投資者則可撥本地電話號(hào)碼 (852) 3009-5027，并向接線員提供本次電話會(huì)議的編號(hào)4330799。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)所有參與者均已聯(lián)機(jī)。 本次電話會(huì)議也將于環(huán)球資源企業(yè)網(wǎng)站上作網(wǎng)上現(xiàn)場(chǎng)直播，詳情請(qǐng)瀏覽http://www.investor.globalsources.com。
此次電話會(huì)議的網(wǎng)上廣播將于環(huán)球資源企業(yè)網(wǎng)站轉(zhuǎn)載最少30天，以供未能參與本次電話會(huì)議的人士收聽。有興趣人士也可由電話會(huì)議進(jìn)行當(dāng)日至2010年 8月26日期間收聽本次電話會(huì)議的回放。如欲收聽該電話會(huì)議回放，請(qǐng)撥 (800) 406-7325，而美國(guó)以外地區(qū)撥(1-303) 590-3030，并輸入密碼4330799。香港投資者則可撥本地電話號(hào)碼(852) 3056-2777，并輸入密碼4330799。
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，促進(jìn)大中華地區(qū)的出口貿(mào)易；同時(shí)，通過一系列中文媒體，協(xié)助海外企業(yè)在大中華地區(qū)行銷。
環(huán)球資源一方面為全球買家提供采購信息，另一方面為供應(yīng)商提供整合營(yíng)銷服務(wù)。通過環(huán)球資源，超過967,000名活躍買家在復(fù)雜的海外市場(chǎng)上進(jìn)行有效益的采購。同時(shí)，供應(yīng)商借助環(huán)球資源提供的各種有效媒體，向遍布超過240個(gè)國(guó)家和地區(qū)的買家推廣和銷售產(chǎn)品。
環(huán)球資源提供業(yè)界齊全面的貿(mào)易媒體和出口推廣服務(wù)，包括14個(gè)網(wǎng)站、13本月刊及16本數(shù)字版雜誌、超過80本采購資訊報(bào)告、以及每年在9個(gè)城市舉 行20個(gè) (共57場(chǎng)) 專業(yè)的貿(mào)易展覽會(huì)。 每年，來自逾262,000家供應(yīng)商的450萬種的產(chǎn)品信息，通過環(huán)球資源的各種媒體到達(dá)目標(biāo)買家。僅在環(huán)球資源網(wǎng)站(http://www.globalsources.com），買家社群每年向供應(yīng)商發(fā)出的采購查詢就已經(jīng)超過1億9,200萬宗。
環(huán)球資源擁有近40年促進(jìn)國(guó)際貿(mào)易的成功紀(jì)錄，公司在全球超過60個(gè)城市設(shè)有辦事機(jī)構(gòu)。環(huán)球資源植根中國(guó)大陸也已近30年，在中國(guó)超過40個(gè)城市設(shè)有銷售代表辦事機(jī)構(gòu)，并擁有約2,500名團(tuán)隊(duì)成員，通過中文雜志和網(wǎng)站服務(wù)超過200萬讀者。
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)告詳見附頁)
GLOBAL SOURCES LTD. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(In U.S. Dollars Thousands, Except Number of Shares and Per Share Data)
At At
June 30, December 31,
2010 2009
(Unaudited)
ASSETS
Current Assets:
Cash and cash equivalents $ 173,666 $ 91,553
Term deposits with banks 1,519 60,357
Available-for-sale securities 6,476 6,423
Accounts receivable, net 4,054 3,438
Receivables from sales representatives 5,795 5,607
Inventory 591 600
Prepaid expenses and other current assets 12,692 13,603
Deferred tax assets 98 13
Total Current Assets 204,891 181,594
Property and equipment, net 76,854 77,815
Goodwill 2,497 -
Intangible assets, net 6,947 8,770
Long term investments 100 100
Deferred tax assets 421 446
Other noncurrent assets 2,369 1,667
Total Assets $ 294,079 $ 270,392
LIABILITIES AND SHAREHOLDERS' EQUITY
Current Liabilities:
Accounts payable $ 10,192 $ 10,901
Deferred income and customer prepayments 81,661 73,841
Accrued liabilities 14,675 11,585
Income taxes payable 439 435
Total Current Liabilities 106,967 96,762
Deferred income and customer prepayments 2,935 2,516
Deferred tax liability 1,523 141
Total Liabilities 111,425 99,419
Shareholders' equity:
Common shares, US$0.01 par value;
75,000,000 shares authorized;
51,529,794 (2009: 51,427,642)
shares issued and 44,654,794
(2009: 44,552,642) outstanding 515 514
Additional paid in capital 140,225 138,468
Treasury shares, at cost -- 6,875,000
(2009: 6,875,000) shares (50,000) (50,000)
Retained earnings 81,208 71,369
Accumulated other comprehensive income 3,247 2,859
Total Company Shareholders' Equity 175,195 163,210
Non-controlling interests 7,459 7,763
Total Equity $ 182,654 $ 170,973
Total Liabilities and Equity $ 294,079 $ 270,392
GLOBAL SOURCES LTD. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF INCOME
(In U.S. Dollars Thousands, Except Number of Shares and Per Share Data)
Three months ended Six months ended
June 30, June 30,
2010 2009 2010 2009
(Unaudited) (Unaudited)(Unaudited) (Unaudited)
Revenue:
Online and other media
services (Note 1) $ 29,786 $ 29,156 $ 58,100 $ 58,651
Exhibitions 27,375 23,983 31,880 28,471
Miscellaneous 1,284 1,081 2,395 1,886
58,445 54,220 92,375 89,008
Operating Expenses:
Sales (Note 2) 20,217 19,995 33,348 33,733
Event production 9,757 8,892 10,941 9,713
Community (Note 2) 7,127 7,892 11,464 13,089
General and administrative
(Note 2) 12,429 11,323 23,391 22,918
Online services development
(Note 2) 1,319 1,353 2,638 2,764
Amortization of intangibles
and software costs 314 38 587 80
Total Operating Expenses 51,163 49,493 82,369 82,297
Income from Operations 7,282 4,727 10,006 6,711
Interest and dividend
income 100 348 359 413
Foreign exchange gains
(losses), net (73) 66 (12) (27)
Income before Income Taxes $ 7,309 $ 5,141 $ 10,353 $ 7,097
Income Tax Expense (125) (36) (229) (174)
Net Income $ 7,184 $ 5,105 $ 10,124 $ 6,923
Net income attributable to
non-controlling interests 66 (13) (285) (634)
Net Income Attributable to
the Company $ 7,250 $ 5,092 $ 9,839 $ 6,289
Diluted net income per
share attributable to the
Company's shareholders $ 0.16 $ 0.11 $ 0.21 $ 0.14
Shares used in diluted net
income per share
calculations 46,090,605 45,729,535 46,113,290 45,700,362
Note: 1. Online and other media services consists of:
Three months ended Six months ended
June 30, June 30,
2010 2009 2010 2009
(Unaudited) (Unaudited)(Unaudited) (Unaudited)
Online services $ 22,393 $ 22,054 $ 44,174 $ 44,024
Print services 7,393 7,102 13,926 14,627
$ 29,786 $ 29,156 $ 58,100 $ 58,651
Note: 2. Non-cash compensation expenses associated with the employee and
team member equity compensation plans and Global Sources
Directors Share Grant Award Plan included under various
categories of expenses are as follows:
Three months ended Six months ended
June 30, June 30,
2010 2009 2010 2009
(Unaudited) (Unaudited)(Unaudited) (Unaudited)
Sales $ 381 $ 831 $ 512 $ 840
Community 101 142 161 149
General and administrative 568 640 923 1,076
Online services development 74 102 154 176
$ 1,124 $ 1,715 $ 1,750 $ 2,241
GLOBAL SOURCES LTD. AND SUBSIDIARIES
ACTUAL GAAP to NON-GAAP RECONCILIATION
(In U.S. Dollars Thousands, Except Number of Shares and Per Share Data)
Three months ended Six months ended
June 30, June 30,
2010 2009 2010 2009
GAAP EPS $0.16 $0.11 $0.21 $0.14
GAAP Net Income $7,250 $5,092 $9,839 $6,289
Non-cash stock based
compensation expense
(Note 1) 1,124 1,715 1,750 2,241
Amortization of
intangibles (Note 2) 102 -- 217 --
Non-GAAP Net Income $8,476 $6,807 $11,806 $8,530
Non-GAAP diluted net
income per share $0.18 $0.15 $0.26 $0.19
Total shares used in non-
GAAP diluted net income
per share calculations 46,090,605 45,729,535 46,113,290 45,700,362
Notes:
(1) Actual SBC is calculated based on actual share price on date of the
awards for employees and revaluation based on the share price of the
last day of the quarter for consultants.
(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 Six months ended
June 30, June 30,
2010 2009 2010 2009
US GAAP Income from operations $7,282 $4,727 $10,006 $6,711
Depreciation and amortization 1,723 1,587 3,357 3,207
EBITDA 9,005 6,314 13,363 9,918
Non-cash stock based compensation
expense 1,124 1,715 1,750 2,241
Adjusted EBITDA $10,129 $8,029 $15,113 $12,159
GLOBAL SOURCES LTD. AND SUBSIDIARIES
GUIDANCE GAAP to NON-GAAP RECONCILIATION
(In U.S. Dollars Millions, Except Number of Shares and Per Share Data)
GUIDANCE ACTUAL
Six months Six months ended
ended December 31, December 31,
2010 2009
Revenue $97.0 to $98.0 $85.5
GAAP EPS $0.23 to $0.25 $0.21
Non-cash stock based compensation
expense (Note 1) $0.04 $0.04 ($0.01)
Amortization of intangibles
(Note 2) $0.01 $0.01 $0.03
Non-GAAP diluted net income per
share $0.28 to $0.30 $0.23
Total shares used in non-GAAP
diluted net income
per share calculations 37,388,141 37,388,141 45,794,197
Notes:
(1) Actual SBC is calculated based on actual share price on date of the
awards for employees and revaluation based on the share price of the
last day of the quarter for consultants.
(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://m.qyysmy.cn/sa/attachment/2010/08/20100819226857.pdf
如需查詢，請(qǐng)聯(lián)絡(luò)：
傳媒聯(lián)絡(luò):
亞洲地區(qū)
環(huán)球資源Global Sources
蘇慧雯
電話：+852-2555-5040
電郵：cso@globalsources.com中國(guó)地區(qū)
環(huán)球資源Global Sources
劉明娜
電話：+86-10-5927-1580
電郵：liumingna@globalsources.com投資者聯(lián)絡(luò):
亞洲地區(qū)
環(huán)球資源Global Sources
王皚
電話：+852-2555-4747
電郵：investor@globalsources.com美國(guó)
Lippert/Heilshorn & Associates, Inc.
Kirsten Chapman & Timothy Dien
電話：+1-415-433-3777
電郵：tdien@lhai.com
