- 2011年第一季凈營業收入上升6%，主要由公司網上業務營收錄得17%的增長所帶動 –
- 2011年第一季按“國際財務報告準則”計算每股盈利為0.10美元，未按“國際財務報告準則”計算每股盈利為0.12美元 -
- 公司重申2011年上半年凈營業收入指引：預計凈營業收入將有介乎9%至10%的增長 -
紐約2011年5月11日電 /美通社亞洲/ -- 環球資源Global Sources Ltd. (NASDAQ: GSOL) 公布截至 2011年3月31日的2011年第一季度業績報告。
環球資源董事長兼首席執行官韓禮士 (Merle A. Hinrichs) 先生表示：“環球資源在2011年第一季的凈營業收入增長主要由網上業務營收錄得17%的升幅所帶動。另一方面，從2011年初至今，我們公布了三項特別值得注意的項目：在四月份環球資源推出了業界首創的‘在線展會’，我們預期‘在線展會’將可以提高公司‘面對面’展會的價值及市場領導地位；此外，公司也完成了一個并購項目以進一步提升我們在亞洲電子行業的領導地位；而環球資源也將在印度舉辦一個全新的展會，此展會的舉辦標志著公司正式進入印度的商對商內貿市場。”
業績要覽：2011年第一季與2010年第一季之年度比較分析
環球資源在公司2010年第四季業績報告的新聞稿中公布，公司將按照“國際財務報告準則” (International Financial Reporting Standards，IFRS) 編制所有與公司財務狀況相關的報告及文件，當中包括向美國證券交易委員會提交的財務報告。
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營運狀況的計算方法，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。
環球資源首席財務官賴秀琴女士表示：“我們在此重申環球資源在2011年上半年的凈營業收入指引，預計公司2011年上半年的凈營業收入與去年同期比較將有介乎9%至10%之間的增長。而在2011年第二季公司的凈營業收入預計將有介乎11%至12%之間的增長，有關的升幅主要由公司網上及展覽會業務的營收不斷穩健地增長所驅動。”
賴女士指出：“我們預計公司在2011年上半年的營收比例將為網站業務占54%至55%，展覽會業務占32%至33%，雜志業務占10%至11%，其它業務則約占2%。而2010年上半年公司營收比例為網站業務約占49%，展覽會業務占34%，雜志業務占15%及其它業務占2%。”
依據IFRS計算的2011年上半年財務展望
近期企業要覽
環球資源 2011年第一季度業績報告投資者電話會議
環球資源董事長兼首席執行官韓禮士先生及首席財務官賴秀琴女士將于美國東部時間2011年5月11日上午8時 (香港時間2011年5月11日晚上8時) 主持投資者電話會議，旨在回顧公司2011年第一季度的業績。美國投資者如欲參加此次電話會議，請撥 (877) 941-2321；香港以外的國際投資者可撥 (1-480) 629-9714。香港投資者則可撥本地電話號碼 (852) 3009-5027，并向接線生提供本次電話會議的編號 4434773，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。有關的電話會議亦將于環球資源企業網站作網上現場直播，詳情請瀏覽http://www.investor.globalsources.com。
此次電話會議的網上廣播將于環球資源企業網站轉載最少30天，以供未能參加本次電話會議者收聽。有興趣人士亦可由電話會議進行當日至2011年5月18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 (800) 406-7325，或美國以外地區撥 (1-303) 590-3030，并輸入密碼4434773。香港投資者則可撥本地電話號碼(852) 3056-2777，并輸入密碼4434773。
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，促進大中華地區的出口貿易；同時，通過一系列中文媒體，協助海外企業在大中華地區行銷。
環球資源一方面為全球買家提供采購信息，另一方面為供應商提供整合營銷服務。通過環球資源，超過100萬名活躍買家－ 包括全球25大頂級零售商 －在復雜的海外市場上進行有效益的采購。同時，供應商借助環球資源提供的各種有效媒體，向遍布超過240個國家和地區的買家推廣和銷售產品。
環球資源提供業界齊全面的貿易媒體和出口推廣服務，包括14個網站、13本月刊及18本數字版雜誌、超過90本采購資訊報告、以及每年在9個城市舉行73場專業的貿易展覽會。 每年，來自逾262,000家供應商的超過570萬種的產品信息，通過環球資源的各種媒體到達目標買家。僅在環球資源網站(http://www.globalsources.com），買家社群每年向已核實供應商發出的采購查詢就已經超過1億2,700萬宗。
環球資源擁有40年促進國際貿易的成功紀錄，公司在全球有約60個城市設有辦事機構。環球資源植根中國大陸也已30年，在中國超過40個城市設有銷售代表辦事機構，并擁有約2,700名團隊成員，通過中文雜志和網站服務超過280萬讀者。
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 March 31, |
As at December 31, |
||||
| 2011 |
2010 |
||||
| (Unaudited) |
|||||
| ASSETS |
|||||
| Current assets |
|||||
| Cash and cash equivalents |
$ 121,777 |
$ 101,298 |
|||
| Term deposits with banks |
1,038 |
1,411 |
|||
| Accounts receivables |
3,869 |
3,919 |
|||
| Receivables from sales representatives |
8,939 |
8,248 |
|||
| Inventories |
426 |
435 |
|||
| Prepaid expenses and other current assets |
26,191 |
20,269 |
|||
| 162,240 |
135,580 |
||||
| Non-current assets |
|||||
| Property and equipment |
77,177 |
76,514 |
|||
| Intangible assets |
10,161 |
10,449 |
|||
| Long term investment |
100 |
100 |
|||
| Deferred income tax assets |
509 |
504 |
|||
| Other non-current assets |
3,275 |
2,556 |
|||
| 91,222 |
90,123 |
||||
| Total assets |
$ 253,462 |
$ 225,703 |
|||
| LIABILITIES AND SHAREHOLDERS' EQUITY |
|||||
| Current liabilities |
|||||
| Accounts payable |
$ 7,865 |
$ 9,600 |
|||
| Deferred income and customer prepayments |
113,730 |
90,617 |
|||
| Accrued liabilities |
12,755 |
14,269 |
|||
| Income tax liabilities |
646 |
650 |
|||
| 134,996 |
115,136 |
||||
| Non-current liabilities |
|||||
| Deferred income and customer prepayments |
10,264 |
6,710 |
|||
| Deferred income tax liabilities |
1,371 |
1,397 |
|||
| 11,635 |
8,107 |
||||
| Total liabilities |
146,631 |
123,243 |
|||
| Equity attributable to Company's shareholders |
|||||
| Common shares |
517 |
516 |
|||
| Treasury shares |
(150,089) |
(150,089) |
|||
| Other reserves |
147,461 |
146,691 |
|||
| Retained earnings |
100,713 |
97,177 |
|||
| Total Company shareholders' equity |
98,602 |
94,295 |
|||
| Non-controlling interests |
8,229 |
8,165 |
|||
| Total equity |
$ 106,831 |
$ 102,460 |
|||
| Total liabilities and equity |
$ 253,462 |
$ 225,703 |
|||
| GLOBAL SOURCES LTD. AND SUBSIDIARIES CONSOLIDATED INCOME STATEMENTS (In U.S. Dollars Thousands, Except Number of Shares and Per Share Data) |
|||||
| Three months ended March 31, |
|||||
| 2011 |
2010 |
||||
| (Unaudited) |
(Unaudited) |
||||
| Revenue |
|||||
| Online and other media services (Note 1) |
$ 31,982 |
$ 29,921 |
|||
| Exhibitions |
4,381 |
4,505 |
|||
| Miscellaneous |
1,173 |
1,111 |
|||
| 37,536 |
35,537 |
||||
| Operating Expenses: |
|||||
| Sales (Note 2) |
14,439 |
12,960 |
|||
| Event production |
1,052 |
1,184 |
|||
| Community and content (Note 2) |
7,022 |
7,317 |
|||
| General and administrative (Note 2) |
8,243 |
7,336 |
|||
| Information and technology (Note 2) |
3,173 |
2,849 |
|||
| Total Operating Expenses |
33,929 |
31,646 |
|||
| Profit from Operations |
3,607 |
3,891 |
|||
| Interest income |
48 |
259 |
|||
| Profit before income taxes |
3,655 |
4,150 |
|||
| Income tax expense |
(55) |
(104) |
|||
| Net profit |
$ 3,600 |
$ 4,046 |
|||
| Net profit attributable to non-controlling interests |
(64) |
(351) |
|||
| Net profit attributable to the Company's shareholders |
$ 3,536 |
$ 3,695 |
|||
| Diluted net profit per share attributable to the Company's shareholders |
$ 0.10 |
$ 0.08 |
|||
| Shares used in diluted net profit per share calculations |
35,349,989 |
46,135,941 |
|||
| Note: 1. Online and other media services consists of: |
|
| Three months ended March 31, |
|||||
| 2011 |
2010 |
||||
| (Unaudited) |
(Unaudited) |
||||
Online services |
$ 27,239 |
$ 23,230 |
|||
| Print Services |
4,743 |
6,691 |
|||
| $ 31,982 |
$ 29,921 |
||||
| 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 March 31, |
|||||
| 2011 |
2010 |
||||
| (Unaudited) |
(Unaudited) |
||||
Sales |
$ 118 |
$ (39) |
|||
| Community and content |
27 |
47 |
|||
| General and administrative |
146 |
282 |
|||
| Information and technology |
79 |
76 |
|||
| $ 370 |
$ 366 |
||||
| 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 March 31, |
||||
| 2011 |
2010 |
|||
| IFRS EPS |
$ 0.10 |
$ 0.08 |
||
| IFRS Net Profit |
$ 3,536 |
$ 3,695 |
||
| Non-cash stock based compensation expense (Note 1) |
370 |
366 |
||
| Amortization of intangibles (Note 2) |
190 |
115 |
||
| Non-IFRS Net Profit |
$ 4,096 |
$ 4,176 |
||
| Non-IFRS diluted net profit per share |
$ 0.12 |
$ 0.09 |
||
| Total shares used in non-IFRS diluted net profit |
||||
| per share calculations |
35,349,989 |
46,135,941 |
||
| 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 March 31, |
||||
| 2011 |
2010 |
|||
| IFRS profit from operations |
$ 3,607 |
$ 3,891 |
||
| Depreciation and amortization |
1,521 |
1,634 |
||
| EBITDA |
5,128 |
5,525 |
||
| Non-cash stock based compensation expense |
370 |
366 |
||
| Adjusted EBITDA |
$ 5,498 |
$ 5,891 |
||
| 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, |
||||||
| 2011 |
2010 |
||||||
| Revenue |
$102.5 |
to |
$103.5 |
$94.2 |
|||
| IFRS EPS |
$0.33 |
to |
$0.35 |
$0.26 |
|||
| Non-cash stock based compensation expense (Note 1) |
$0.04 |
$0.04 |
$0.03 |
||||
| Amortization of intangibles (Note 2) |
$0.01 |
$0.01 |
$0.00 |
||||
| Non-IFRS diluted net income per share |
$0.38 |
to |
$0.40 |
$0.29 |
|||
| Total shares used in non-IFRS diluted net income |
|||||||
| per share calculations |
35,429,327 |
35,429,327 |
46,069,180 |
||||
| 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:
http://www.myhmgs.com/sa/attachment/2011/05/20110511752552.pdf
| GLOBAL SOURCES LTD. AND SUBSIDIARIES |
|||||||||||||||||||||||||
| ACTUAL GAAP TO IFRS RECONCILIATION |
|||||||||||||||||||||||||
| (In U.S. Dollars Thousands, Except Number of Shares and Per Share Data) |
|||||||||||||||||||||||||
| Three months |
|||||||||||||||||||||||||
| ended March 31, |
|||||||||||||||||||||||||
| 2010 |
|||||||||||||||||||||||||
| GAAP diluted EPS |
$ 0.06 |
||||||||||||||||||||||||
| Shares used in GAAP diluted net income per share calculations |
46,135,941 |
||||||||||||||||||||||||
| GAAP Net Income |
$ 2,589 |
||||||||||||||||||||||||
| IFRS conversion adjustments: |
|||||||||||||||||||||||||
| Revenue |
1,607 |
||||||||||||||||||||||||
| Exhibition promotion costs |
(761) |
||||||||||||||||||||||||
| Non-cash stock based compensation expense |
260 |
||||||||||||||||||||||||
| IFRS Net Profit |
$ 3,695 |
||||||||||||||||||||||||
| IFRS diluted EPS |
$ 0.08 |
||||||||||||||||||||||||
| Shares used in IFRS diluted net income per share calculations |
46,135,941 |
||||||||||||||||||||||||
| 傳媒聯絡：
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