-- 截至2016年6月30日六個(gè)月錄得凈營業(yè)收入8,180萬美元 -
-- 2016年上半年按“國際財(cái)務(wù)報(bào)告準(zhǔn)則”計(jì)算每股盈利0.35美元，未按“國際財(cái)務(wù)報(bào)告準(zhǔn)則”計(jì)算每股盈利0.45美元 -
-- 2016年下半年凈營業(yè)收入指引：預(yù)計(jì)公司凈營業(yè)收入將介乎7,400萬至7,600萬美元之間，按“國際財(cái)務(wù)報(bào)告準(zhǔn)則”計(jì)算每股盈利預(yù)計(jì)將介乎0.24至0.29美元之間 -
紐約2016年9月15日電 /美通社/ -- 環(huán)球資源 Global Sources Ltd.公布2016年1月1日至6月30日期間的半年度業(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：“在2016年上半年，公司四月份在香港舉辦的貿(mào)易展覽會系列成績超著，在參觀人數(shù)及營收均錄得增長。作為公司的旗艦展會，‘環(huán)球資源電子展’展示了來自大中華地區(qū)、韓國及亞洲地區(qū)的5,500個(gè)展位，當(dāng)中‘環(huán)球資源移動電子展’的規(guī)模更在短短兩年間增長超過一倍，已然發(fā)展成為全球規(guī)模最大的移動電子產(chǎn)品采購盛會。與此同時(shí)，今年是‘創(chuàng)客空間’第二年舉辦，作為匯聚最多亞洲電子消費(fèi)類產(chǎn)品初創(chuàng)企業(yè)的平臺，‘創(chuàng)客空間’在‘環(huán)球資源電子展’一期及二期中均有設(shè)置，是一個(gè)綜合研討會及展覽的平臺?！?/p>
韓先生指出：“環(huán)球資源一直專注于把全球買家與中國大陸和亞洲其他地區(qū)的供應(yīng)商聯(lián)系起來。我們將繼續(xù)致力提升公司的服務(wù)，以幫助買賣雙方應(yīng)對他們目前面臨的重要改變，當(dāng)中的主要舉措包括不斷整合網(wǎng)站及展覽會優(yōu)勢，同時(shí)加入新增服務(wù)如買家及供應(yīng)商手機(jī)應(yīng)用程序，和業(yè)內(nèi)唯一專門針對創(chuàng)新產(chǎn)品報(bào)導(dǎo)的‘分析師推薦’欄目。”
業(yè)績要覽：2016年上半年與 2015年上半年之年度比較分析
2016年上半年公司源自持續(xù)經(jīng)營業(yè)務(wù)的凈營業(yè)收入為8,180萬美元，而2015年同期為8,590萬美元：
源自展覽會業(yè)務(wù)的凈營業(yè)收入為4,740萬美元，而 2015年同期為4,620萬美元；
源自網(wǎng)站及其它媒體業(yè)務(wù)的凈營業(yè)收入為3,070萬美元，而2015年同期為3,570萬美元。
公司在2016年上半年按“國際財(cái)務(wù)報(bào)告準(zhǔn)則”計(jì)算，源自持續(xù)經(jīng)營業(yè)務(wù)的凈利潤為880萬美元，每股攤薄盈利為0.35美元。而2015年同期按“國際財(cái)務(wù)報(bào)告準(zhǔn)則”計(jì)算，源自持續(xù)經(jīng)營業(yè)務(wù)的凈利潤為880萬美元，每股攤薄盈利0.28美元。
公司在2016年上半年未按“國際財(cái)務(wù)報(bào)告準(zhǔn)則”計(jì)算，源自持續(xù)經(jīng)營業(yè)務(wù)的凈利潤為1,130萬美元，每股攤薄盈利0.45美元。而2015年同期未按“國際財(cái)務(wù)報(bào)告準(zhǔn)則”計(jì)算，源自持續(xù)經(jīng)營業(yè)務(wù)的凈利潤則為1,020萬美元，每股攤薄盈利0.32美元。
公司在2016年上半年源自持續(xù)經(jīng)營業(yè)務(wù)經(jīng)調(diào)整 EBITDA 為1,630萬美元，2015年同期源自持續(xù)經(jīng)營業(yè)務(wù)經(jīng)調(diào)整 EBITDA 則為1,780萬美元。
截至2016年6月30日，公司的遞延收入和顧客預(yù)付費(fèi)用為7,950萬美元，而截至2015年6月30日公司的遞延收入和顧客預(yù)付費(fèi)用則為8,620萬美元。
截至2016年6月30日，公司所持的現(xiàn)金及現(xiàn)金等值物為8,790萬美元，同時(shí)沒有任何的債務(wù)。
環(huán)球資源首席財(cái)務(wù)官賴秀琴女士表示：“在2016年上半年，公司四月份在香港舉辦的貿(mào)易展覽會系列的營收較預(yù)期強(qiáng)勁，另針對國內(nèi)市場的‘深圳國際機(jī)械制造工業(yè)展覽會’之表現(xiàn)亦與預(yù)期相符，而‘中國 (深圳) 國際品牌服裝服飾交易會’則錄得一筆扣除相關(guān)稅務(wù)費(fèi)用后約140萬美元的減值支出。在公司全面推行更具效益的運(yùn)營之同時(shí)，再加上一筆遞延稅項(xiàng)資產(chǎn)的入賬，令公司的盈利表現(xiàn)較預(yù)期理想。”
依據(jù)“國際財(cái)務(wù)報(bào)告準(zhǔn)則”計(jì)算2016年下半年財(cái)務(wù)展望
截至2016年12月31日的下半年：
預(yù)測公司源自持續(xù)經(jīng)營業(yè)務(wù)的凈營業(yè)收入將介乎7,400萬美元至7,600萬美元之間。2015年下半年公司源自持續(xù)經(jīng)營業(yè)務(wù)的凈營業(yè)收入為8,510萬美元。
預(yù)測公司按“國際財(cái)務(wù)報(bào)告準(zhǔn)則”計(jì)算，源自持續(xù)經(jīng)營業(yè)務(wù)的每股盈利將介乎0.24至0.29美元之間，2015年同期公司按“國際財(cái)務(wù)報(bào)告準(zhǔn)則”計(jì)算，源自持續(xù)經(jīng)營業(yè)務(wù)的每股攤薄盈利為0.58美元。而2016年下半年每股攤薄的非現(xiàn)金股票費(fèi)用及與公司數(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)用預(yù)測約為0.05美元。
預(yù)測公司未按“國際財(cái)務(wù)報(bào)告準(zhǔn)則”計(jì)算，源自持續(xù)經(jīng)營業(yè)務(wù)的每股盈利將介乎0.29至0.34美元之間。2015年同期未按“國際財(cái)務(wù)報(bào)告準(zhǔn)則”計(jì)算，源自持續(xù)經(jīng)營業(yè)務(wù)每股攤薄盈利為0.33美元。
預(yù)測公司2016年上半年源自持續(xù)經(jīng)營業(yè)務(wù)經(jīng)調(diào)整 EBITDA 將介乎1,070萬至1,190萬美元，2015年同期源自持續(xù)經(jīng)營業(yè)務(wù)經(jīng)調(diào)整 EBITDA 為1,310萬美元。
近期企業(yè)要覽
宣布委任 Fumbi Chima 女士和 Michael Scown先生為公司新任董事會成員，有關(guān)任命于2016年9月12日生效。
“第十六屆中國 (深圳) 國際品牌服裝服飾交易會”于2016年7月在深圳舉行。
于2016年6月被納入羅素全球指數(shù)和覆蓋更廣泛市場的羅素3000 (Russell 3000) 指數(shù)。
于2016年4月在香港的亞洲國際博覽館舉辦一系列貿(mào)易展覽會，當(dāng)中包括“環(huán)球資源電子展”-- 全球規(guī)模最大的電子產(chǎn)品采購盛會：
春季系列展共計(jì)展示逾7,500個(gè)展位。
來自150個(gè)國家及地區(qū)逾88,400名買家到場參觀。
推出全新的“智能生活”行業(yè)網(wǎng)站。
為消費(fèi)類電子初創(chuàng)企業(yè)設(shè)立“環(huán)球資源初創(chuàng)企業(yè)科技投資”。
“深圳國際機(jī)械制造工業(yè)展覽會”于2016年3月29日至4月1日在深圳舉行。
宣布兩位董事會成員 Roderick Chalmers先生及任錦漢先生退休，并于2016年3月31日生效。
宣布首席執(zhí)行官區(qū)乃光先生在服務(wù)公司39年后將退休，區(qū)先生會繼續(xù)擔(dān)任首席執(zhí)行官一職至2016年年底，并與繼任人順利交接。
環(huán)球資源2016年 上半年業(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(cái)務(wù)官賴秀琴女士將于美國東部時(shí)間2016年9月15日上午8時(shí) (香港時(shí)間2016年9月15日晚上8時(shí)) 主持投資者電話會議，旨在回顧公司2016年上半年度的業(yè)績。
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。
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、貿(mào)易展覽會、雜志及手機(jī)應(yīng)用程序，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)算的凈利潤 (non-IFRS net profit) 定義為：按“國際財(cái)務(wù)報(bào)告準(zhǔn)則”計(jì)算的凈利潤扣除非現(xiàn)金股票費(fèi)用或凈值、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、公司任何購并或出售資產(chǎn)及投資，扣除其相關(guān)的交易及稅務(wù)費(fèi)用后的收益或虧損，及/或公司所有扣除相關(guān)稅務(wù)費(fèi)用后的減值支出。而未按“國際財(cái)務(wù)報(bào)告準(zhǔn)則”計(jì)算的每股攤薄凈盈利 (Non-IFRS diluted net profit per share) 的定義為：未按“國際財(cái)務(wù)報(bào)告準(zhǔn)則”計(jì)算的凈盈利除以已發(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、非現(xiàn)金股票補(bǔ)償費(fèi)用或凈值、任何購并或出售資產(chǎn)及投資，扣除其相關(guān)的交易及稅務(wù)費(fèi)用后的收益或虧損、商譽(yù)及無形資產(chǎn)減值前的盈利。
(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 June 30, |
As at December 31, |
|||
|
2016 |
2015 |
|||
|
(Unaudited) |
||||
|
ASSETS |
||||
|
Current assets |
||||
|
Cash and cash equivalents |
$ |
79,476 |
$ |
70,356 |
|
Term deposits with banks |
8,462 |
9,097 |
||
|
Accounts receivables, net |
710 |
849 |
||
|
Receivables from sales representatives |
14,018 |
8,802 |
||
|
Inventories |
102 |
176 |
||
|
Prepaid expenses and other current assets |
16,188 |
16,268 |
||
|
118,956 |
105,548 |
|||
|
Non-current assets |
||||
|
Property and equipment |
64,084 |
59,064 |
||
|
Investment properties |
60,585 |
69,726 |
||
|
Intangible assets |
22,023 |
26,309 |
||
|
Long term investment |
- |
100 |
||
|
Deferred income tax assets |
2,035 |
389 |
||
|
Other non-current assets |
1,322 |
951 |
||
|
150,049 |
156,539 |
|||
|
Total assets |
$ |
269,005 |
$ |
262,087 |
|
LIABILITIES AND SHAREHOLDERS' EQUITY |
||||
|
Current liabilities |
||||
|
Accounts payable |
$ |
5,924 |
$ |
7,383 |
|
Deferred income and customer prepayments |
75,257 |
75,265 |
||
|
Accrued liabilities |
16,880 |
15,183 |
||
|
Income tax liabilities |
2,692 |
2,990 |
||
|
100,753 |
100,821 |
|||
|
Non-current liabilities |
||||
|
Accounts payable |
- |
289 |
||
|
Deferred income and customer prepayments |
4,269 |
2,917 |
||
|
Deferred income tax liabilities |
3,512 |
4,493 |
||
|
7,781 |
7,699 |
|||
|
Total liabilities |
108,534 |
108,520 |
||
|
Equity attributable to Company's shareholders |
||||
|
Common shares |
536 |
533 |
||
|
Treasury shares |
(250,089) |
(250,089) |
||
|
Other reserves |
156,252 |
157,562 |
||
|
Retained earnings |
248,637 |
239,812 |
||
|
Total Company shareholders' equity |
155,336 |
147,818 |
||
|
Non-controlling interests |
5,135 |
5,749 |
||
|
Total equity |
$ |
160,471 |
$ |
153,567 |
|
Total liabilities and equity |
$ |
269,005 |
$ |
262,087 |
|
GLOBAL SOURCES LTD. AND SUBSIDIARIES |
|||||||
|
Six months ended June 30, |
|||||||
|
2016 |
2015 |
||||||
|
(Unaudited) |
(Unaudited) |
||||||
|
Revenue: |
|||||||
|
Exhibitions |
$ |
47,413 |
$ |
46,171 |
|||
|
Online and other media services (Note 1) |
30,694 |
35,730 |
|||||
|
Miscellaneous |
3,711 |
4,015 |
|||||
|
81,818 |
85,916 |
||||||
|
Operating Expenses: |
|||||||
|
Sales (Note 2) |
22,909 |
24,693 |
|||||
|
Event production |
13,066 |
12,224 |
|||||
|
Community and content (Note 2) |
9,011 |
10,203 |
|||||
|
General and administrative (Note 2 & 3) |
22,334 |
20,752 |
|||||
|
Information and technology (Note 2) |
5,774 |
6,452 |
|||||
|
Total Operating Expenses |
73,094 |
74,324 |
|||||
|
Profit from Operations |
8,724 |
11,592 |
|||||
|
Interest income |
293 |
566 |
|||||
|
Gain on sale of available-for-sale securities |
67 |
136 |
|||||
|
Profit on sale of investment |
43 |
- |
|||||
|
Interest expenses |
(16) |
(59) |
|||||
|
Profit before Income Taxes |
9,111 |
12,235 |
|||||
|
Income tax credit / (expense) |
576 |
(2,188) |
|||||
|
Net Profit from continuing operations |
$ |
9,687 |
$ |
10,047 |
|||
|
Net Profit from discontinued operations, net of |
- |
5,406 |
|||||
|
Net profit |
$ |
9,687 |
$ |
15,453 |
|||
|
Net (profit)/loss attributable to non-controlling interests |
|||||||
|
Continuing operations |
(862) |
(1,222) |
|||||
|
Discontinued operations |
- |
264 |
|||||
|
Total |
(862) |
(958) |
|||||
|
Net profit attributable to the Company's |
|||||||
|
Continuing operations |
$ |
8,825 |
$ |
8,825 |
|||
|
Discontinued operations |
- |
5,670 |
|||||
|
Total |
$ |
8,825 |
$ |
14,495 |
|||
|
Diluted net profit per share attributable to the |
|||||||
|
Continuing operations |
$ |
0.35 |
$ |
0.28 |
|||
|
Discontinued operations |
- |
0.18 |
|||||
|
Total |
$ |
0.35 |
$ |
0.46 |
|||
|
Shares used in diluted net profit per share |
25,358,358 |
31,534,448 |
|||||
|
Note: |
1. Online and other media services consists of: |
||||||
|
Six months ended June 30, |
|||||||
|
2016 |
2015 |
||||||
|
(Unaudited) |
(Unaudited) |
||||||
|
Online services |
$ |
27,686 |
$ |
33,201 |
|||
|
Print services |
3,008 |
2,529 |
|||||
|
$ |
30,694 |
$ |
35,730 |
||||
|
Note: |
2. Non-cash compensation expenses associated with the several equity compensation plans and Global |
||||||
|
Six months ended June 30, |
|||||||
|
2016 |
2015 |
||||||
|
(Unaudited) |
(Unaudited) |
||||||
|
Sales |
$ |
73 |
$ |
178 |
|||
|
Community and content |
18 |
41 |
|||||
|
General and administrative |
736 |
768 |
|||||
|
Information and technology |
119 |
133 |
|||||
|
$ |
946 |
$ |
1,120 |
||||
|
Note: |
3. General and administrative expenses consist of: |
||||||
|
Six months ended June 30, |
|||||||
|
2016 |
2015 |
||||||
|
(Unaudited) |
(Unaudited) |
||||||
|
General and administrative expenses before |
$ |
17,979 |
$ |
18,305 |
|||
|
Amortization of intangible assets |
2,042 |
2,107 |
|||||
|
Impairment charge on intangible assets |
1,902 |
- |
|||||
|
Foreign exchange losses |
411 |
340 |
|||||
|
$ |
22,334 |
$ |
20,752 |
||||
|
Note: |
4. Net Profit from discontinued operations, net of income tax consist of: |
||||||
|
Six months ended June 30, |
|||||||
|
2016 |
2015 |
||||||
|
(Unaudited) |
(Unaudited) |
||||||
|
Profit on sale of subsidiary |
$ |
- |
$ |
6,159 |
|||
|
Income tax expense |
- |
(361) |
|||||
|
Profit on sale of subsidiary, net of income tax |
- |
5,798 |
|||||
|
Loss from discontinued operations, net of income tax |
- |
(392) |
|||||
|
$ |
- |
$ |
5,406 |
||||
|
GLOBAL SOURCES LTD. AND SUBSIDIARIES |
||||||
|
ACTUAL IFRS to NON-IFRS RECONCILIATION |
||||||
|
(In U.S. Dollars Thousands, Except Number of Shares and Per Share Data) |
||||||
|
Six months ended June 30, |
||||||
|
2016 |
2015 |
|||||
|
IFRS diluted net profit per share from continuing operations |
$ |
0.35 |
$ |
0.28 |
||
|
IFRS Net Profit from continuing operations |
$ |
8,825 |
$ |
8,825 |
||
|
Non-cash stock based compensation expense (Note 1) |
946 |
1,120 |
||||
|
Amortization of intangibles (Note 2) |
184 |
293 |
||||
|
Profit on sale of investment |
(43) |
- |
||||
|
Impairment of goodwill and intangibles (Note 3) |
1,426 |
- |
||||
|
Non-IFRS Net Profit continuing operations |
$ |
11,338 |
$ |
10,238 |
||
|
Non-IFRS diluted net profit per share from continuing operations |
$ |
0.45 |
$ |
0.32 |
||
|
Total shares used in non-IFRS diluted net profit |
25,358,358 |
31,534,448 |
||||
|
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) |
||||||
|
Six months ended June 30, |
||||||
|
2016 |
2015 |
|||||
|
IFRS profit from continuing operations |
$ |
8,724 |
$ |
11,592 |
||
|
Depreciation and amortization from continuing operations |
4,767 |
5,038 |
||||
|
EBITDA |
13,491 |
16,630 |
||||
|
Non-cash stock based compensation expense |
946 |
1,120 |
||||
|
Impairment of goodwill and intangibles |
1,902 |
- |
||||
|
Adjusted EBITDA from continuing operations |
$ |
16,339 |
$ |
17,750 |
||
|
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, |
|||||
|
2016 |
2015 |
|||||
|
Revenue from continuing operations |
$74.0 |
to |
$76.0 |
$85.1 |
||
|
IFRS EPS from continuing operations |
$0.24 |
to |
$0.29 |
$0.58 |
||
|
Non-cash stock based compensation expense (Note 1) |
$0.04 |
$0.04 |
$0.04 |
|||
|
Amortization of intangibles (Note 2) |
$0.01 |
$0.01 |
$0.00 |
|||
|
Profit on sale of property, net of transaction costs & related tax expenses |
$0.00 |
$0.00 |
($0.29) |
|||
|
Non-IFRS diluted net income per share from continuing operations |
$0.29 |
to |
$0.34 |
$0.33 |
||
|
Total shares used in non-IFRS diluted net income |
25,536,000 |
25,536,000 |
26,249,657 |
|||
|
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. |
||||||
