 |
紐約2016年3月17日電 /美通社/ -- 環球資源Global Sources Ltd. (NASDAQ: GSOL) 公布截至2015年12月31日的第四季度及全年業績報告。
環球資源執行董事長韓禮士 (Merle A. Hinrich) 先生表示：“公司2015年第四季度的亮點是在香港成功舉辦的系列貿易展覽會，當中包括‘環球資源電子展’- 全球規模較大的電子產品采購盛會。此外，環球資源于年內進一步整合網站及展覽會服務，更加專注于幫助全球買家從海量的網上產品信息中搜尋并甄別重要且具創意的新產品；主要的舉措包括于‘環球資源網站’推出‘分析師推薦’欄目，及于電子展設立的‘創客空間’展區和相關的研討會。展望未來，環球資源將憑藉整合網站及展覽會優勢的獨有服務，繼續專注于公司核心業務的發展。”
業績要覽：2015年第四季與2014年第四季之年度比較分析
環球資源首席財務官賴秀琴女士表示：“在2015年第四季，公司完成了出售位于深圳的投資物業，在扣除相關的交易及稅務費用后錄得760萬美元的凈利潤。環球資源在繼續進一步提升公司效率的同時，亦致力為股東們創造利益、保持公司財務的穩健、維持充裕的現金流及沒有任何的債務。”
韓先生表示：“環球資源于3月15日宣布，首席執行官區乃光先生在服務公司39年后，將于2016年年底退休。在過去五年出任首席執行官期間，區先生在公司進一步整合網站及展覽會服務的發展進程中作出了十分重要的貢獻。環球資源強大而經驗豐富的專業管理團隊將把區先生的貢獻及所奠下的基礎繼續傳承下去。”
業績要覽：截至2015年12月31日全年與截至2014年12月31日全年之年度比較分析
依據“國際財務報告準則”計算2016年上半年財務展望
近期企業要覽
環球資源2015年第四季度及全年業績投資者電話會議
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2016年3月17日上午8時 (香港時間2016年3月17日晚上8時) 主持投資者電話會議，旨在回顧公司2015年第四季度及全年的業績。美國投資者如欲參與本次電話會議，請撥打 (877) 502-9276；香港以外的國際投資者可撥打 (1-913) 312-6993。香港投資者則可撥打本地電話號碼 (852) 3008-0382，并向接線生提供本次電話會議的編號9464808，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 http://www.investor.globalsources.com。
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2016年3月25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 (888) 203-1112，或美國以外地區請撥打 (1-719) 457-0820，并輸入密碼9464808。香港投資者則可撥打本地電話號碼 (800) 901-108，并輸入密碼9464808。
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，包括環球資源網站(GlobalSources.com)、貿易展覽會、雜志及手機應用程序，促進亞洲與全球各國的貿易往來。
超過100萬名國際買家、當中包括95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”計算的凈利潤 (non-IFRS net profit)定義為： “國際財務報告準則”計算的凈利潤扣除非現金股票費用或凈值、與公司數個股權補償計劃相關的無形資產攤銷費用、公司任何購并或出售資產及投資，扣除其相關的交易及稅務費用后的收益或虧損，及 /或公司所有扣除相關稅務費用后的減值支出。而未按“國際財務報告準則”計算的每股攤薄凈盈利 (Non-IFRS diluted net profit per share) 的定義為：未按“國際財務報告準則”計算的凈盈利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、非現金股票補償費用或凈值、任何購并或出售資產及投資，扣除其相關的交易及稅務費用后的收益或虧損、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 December 31, |
As at December 31, |
|||
| 2015 |
2014 |
|||
| (Unaudited) |
||||
| ASSETS |
||||
| Current assets |
||||
| Cash and cash equivalents |
$ |
70,356 |
$ |
90,223 |
| Term deposits with banks |
9,097 |
4,285 |
||
| Financial assets, available-for-sale |
- |
3,952 |
||
| Accounts receivables, net |
849 |
2,269 |
||
| Receivables from sales representatives |
8,802 |
7,900 |
||
| Inventories |
176 |
154 |
||
| Prepaid expenses and other current assets |
16,268 |
17,027 |
||
| 105,548 |
125,810 |
|||
| Non-current assets |
||||
| Property and equipment |
59,064 |
63,519 |
||
| Investment properties |
69,726 |
85,546 |
||
| Intangible assets |
26,309 |
37,732 |
||
| Long term investment |
100 |
100 |
||
| Deferred income tax assets |
389 |
196 |
||
| Other non-current assets |
951 |
1,108 |
||
| 156,539 |
188,201 |
|||
| Total assets |
$ |
262,087 |
$ |
314,011 |
| LIABILITIES AND SHAREHOLDERS' EQUITY |
||||
| Current liabilities |
||||
| Accounts payable |
$ |
7,383 |
$ |
9,418 |
| Deferred income and customer prepayments |
75,265 |
84,869 |
||
| Accrued liabilities |
15,183 |
19,100 |
||
| Income tax liabilities |
2,990 |
3,848 |
||
| 100,821 |
117,235 |
|||
| Non-current liabilities |
||||
| Accounts payable |
289 |
889 |
||
| Deferred income and customer prepayments |
2,917 |
3,971 |
||
| Deferred income tax liabilities |
4,493 |
6,842 |
||
| 7,699 |
11,702 |
|||
| Total liabilities |
108,520 |
128,937 |
||
| Equity attributable to Company's shareholders |
||||
| Common shares |
533 |
529 |
||
| Treasury shares |
(250,089) |
(200,089) |
||
| Other reserves |
157,562 |
161,242 |
||
| Retained earnings |
239,812 |
209,924 |
||
| Total Company shareholders' equity |
147,818 |
171,606 |
||
| Non-controlling interests |
5,749 |
13,468 |
||
| Total equity |
$ |
153,567 |
$ |
185,074 |
| Total liabilities and equity |
$ |
262,087 |
$ |
314,011 |
| GLOBAL SOURCES LTD. AND SUBSIDIARIES |
||||||||||||
| Three months ended December 31, |
Year ended December 31, |
|||||||||||
| 2015 |
2014 |
2015 |
2014 |
|||||||||
| (Unaudited) |
(Unaudited) |
(Unaudited) |
(Unaudited) |
|||||||||
| Revenue: |
||||||||||||
| Exhibitions |
$ |
41,629 |
$ |
38,157 |
$ |
91,854 |
$ |
88,941 |
||||
| Online and other media services (Note 2) |
17,295 |
19,738 |
70,242 |
82,430 |
||||||||
| Miscellaneous |
2,693 |
2,210 |
8,929 |
7,911 |
||||||||
| 61,617 |
60,105 |
171,025 |
179,282 |
|||||||||
| Operating Expenses: |
||||||||||||
| Sales (Note 3) |
17,898 |
19,906 |
50,231 |
56,095 |
||||||||
| Event production |
10,871 |
9,751 |
24,533 |
23,333 |
||||||||
| Community and content (Note 3) |
5,879 |
6,753 |
20,535 |
22,267 |
||||||||
| General and administrative (Note 3 & 4) |
11,625 |
11,603 |
43,697 |
48,004 |
||||||||
| Information and technology (Note 3) |
3,495 |
3,075 |
13,348 |
12,126 |
||||||||
| Total Operating Expenses |
49,768 |
51,088 |
152,344 |
161,825 |
||||||||
| Profit on sale of property |
9,791 |
- |
9,791 |
- |
||||||||
| Profit from Operations |
21,640 |
9,017 |
28,472 |
17,457 |
||||||||
| Interest income |
103 |
244 |
792 |
1,223 |
||||||||
| Gain on sale of available-for-sale securities |
39 |
- |
188 |
11 |
||||||||
| Interest expenses |
(12) |
(47) |
(83) |
(186) |
||||||||
| Profit before Income Taxes |
21,770 |
9,214 |
29,369 |
18,505 |
||||||||
| Income tax expense |
(2,187) |
(534) |
(4,609) |
(1,646) |
||||||||
| Net Profit from continuing operations |
$ |
19,583 |
$ |
8,680 |
$ |
24,760 |
$ |
16,859 |
||||
| Net Profit / (loss) from discontinued operations, net of |
- |
(40) |
5,629 |
1,982 |
||||||||
| Net profit |
$ |
19,583 |
$ |
8,640 |
$ |
30,389 |
$ |
18,841 |
||||
| Net (profit)/loss attributable to non-controlling interests |
||||||||||||
| Continuing operations |
434 |
499 |
(765) |
548 |
||||||||
| Discontinued operations |
- |
142 |
264 |
(1,059) |
||||||||
| Total |
434 |
641 |
(501) |
(511) |
||||||||
| Net profit attributable to the Company's |
||||||||||||
| Continuing operations |
$ |
20,017 |
$ |
9,179 |
$ |
23,995 |
$ |
17,407 |
||||
| Discontinued operations |
- |
102 |
5,893 |
923 |
||||||||
| Total |
$ |
20,017 |
$ |
9,281 |
$ |
29,888 |
$ |
18,330 |
||||
| Diluted net profit per share attributable to the |
||||||||||||
| Continuing operations |
$ |
0.79 |
$ |
0.29 |
$ |
0.83 |
$ |
0.52 |
||||
| Discontinued operations |
- |
* |
0.20 |
0.03 |
||||||||
| Total |
$ |
0.79 |
$ |
0.29 |
$ |
1.03 |
$ |
0.55 |
||||
| Shares used in diluted net profit per share |
25,185,321 |
31,516,581 |
28,820,976 |
33,482,371 |
||||||||
| * Diluted net profit per share attributable to the Company's shareholders from discontinued operations is less than $0.01 |
||||||||||||
| Note: 1. Total revenue from both the continuing operations and discontinued operations during the three months and year ended December 31, 2015 and 2014 was as follows: |
||||||||||||
| Three months ended December 31, |
Year ended December 31, |
|||||||||||
| 2015 |
2014 |
2015 |
2014 |
|||||||||
| (Unaudited) |
(Unaudited) |
(Unaudited) |
(Unaudited) |
|||||||||
| Continuing operations |
$ |
61,617 |
$ |
60,105 |
$ |
171,025 |
$ |
179,282 |
||||
| Discontinued operations |
- |
2,762 |
4,776 |
18,930 |
||||||||
| $ |
61,617 |
$ |
62,867 |
$ |
175,801 |
$ |
198,212 |
|||||
| Note: 2. Online and other media services consists of: |
||||||||||||
| Three months ended December 31, |
Year ended December 31, |
|||||||||||
| 2015 |
2014 |
2015 |
2014 |
|||||||||
| (Unaudited) |
(Unaudited) |
(Unaudited) |
(Unaudited) |
|||||||||
| Online services |
$ |
15,296 |
$ |
17,983 |
$ |
64,421 |
$ |
75,895 |
||||
| Print services |
1,999 |
1,755 |
5,821 |
6,535 |
||||||||
| $ |
17,295 |
$ |
19,738 |
$ |
70,242 |
$ |
82,430 |
|||||
| Note: 3. 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, |
|||||||||||
| 2015 |
2014 |
2015 |
2014 |
|||||||||
| (Unaudited) |
(Unaudited) |
(Unaudited) |
(Unaudited) |
|||||||||
| Sales |
$ |
116 |
$ |
123 |
$ |
418 |
$ |
409 |
||||
| Community and content |
23 |
21 |
88 |
16 |
||||||||
| General and administrative |
316 |
319 |
1,418 |
1,215 |
||||||||
| Information and technology |
44 |
45 |
225 |
217 |
||||||||
| $ |
499 |
$ |
508 |
$ |
2,149 |
$ |
1,857 |
|||||
| Note: 4. General and administrative expenses consist of: |
||||||||||||
| Three months ended December 31, |
Year ended December 31, |
|||||||||||
| 2015 |
2014 |
2015 |
2014 |
|||||||||
| (Unaudited) |
(Unaudited) |
(Unaudited) |
(Unaudited) |
|||||||||
| General and administrative expenses before |
$ |
9,890 |
$ |
9,345 |
$ |
37,290 |
$ |
36,343 |
||||
| Amortization of intangible assets |
1,250 |
994 |
4,314 |
6,873 |
||||||||
| Impairment charge on intangible assets |
- |
4 |
- |
2,242 |
||||||||
| Foreign exchange losses |
485 |
1,260 |
2,093 |
2,546 |
||||||||
| $ |
11,625 |
$ |
11,603 |
$ |
43,697 |
$ |
48,004 |
|||||
| Note: 5. Net Profit from discontinued operations, net of income tax consist of: |
||||||||||||
| Three months ended December 31, |
Year ended December 31, |
|||||||||||
| 2015 |
2014 |
2015 |
2014 |
|||||||||
| (Unaudited) |
(Unaudited) |
(Unaudited) |
(Unaudited) |
|||||||||
| Profit on sale of subsidiary |
$ |
- |
$ |
- |
$ |
6,382 |
$ |
- |
||||
| Income tax expense |
- |
- |
(361) |
- |
||||||||
| Profit on sale of subsidiary, net of income tax |
- |
- |
6,021 |
- |
||||||||
| Profit /(loss) from discontinued operations, net of income tax |
- |
(40) |
(392) |
1,982 |
||||||||
| $ |
- |
$ |
(40) |
$ |
5,629 |
$ |
1,982 |
|||||
| 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, |
|||||||||||||
| 2015 |
2014 |
2015 |
2014 |
|||||||||||
| IFRS diluted net profit per share |
$ |
0.79 |
$ |
0.29 |
$ |
1.03 |
$ |
0.55 |
||||||
| IFRS Net Profit |
$ |
20,017 |
$ |
9,281 |
$ |
29,888 |
$ |
18,330 |
||||||
| Non-cash stock based compensation expense (Note 1) |
499 |
508 |
2,149 |
1,857 |
||||||||||
| Amortization of intangibles (Note 2) |
34 |
86 |
381 |
594 |
||||||||||
| Impairment of goodwill and intangibles (Note 3) |
- |
4 |
- |
1,682 |
||||||||||
| Profit on sale of subsidiary (Note 4) |
- |
- |
(6,021) |
- |
||||||||||
| Profit on sale of property, net of transaction costs & related tax expenses |
(7,550) |
- |
(7,550) |
- |
||||||||||
| Non-IFRS Net Profit |
$ |
13,000 |
$ |
9,879 |
$ |
18,847 |
$ |
22,463 |
||||||
| Non-IFRS diluted net profit per share |
$ |
0.52 |
$ |
0.31 |
$ |
0.65 |
$ |
0.67 |
||||||
| Total shares used in non-IFRS diluted net profit |
||||||||||||||
| per share calculations |
25,185,321 |
31,516,581 |
28,820,976 |
33,482,371 |
||||||||||
| 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. |
||||||||||||||
| (4) Profit on sale of subsidiary is net of related tax. |
||||||||||||||
| GLOBAL SOURCES LTD. AND SUBSIDIARIES |
||||||||||||||
| ADJUSTED EBITDA RECONCILIATION |
||||||||||||||
| (In U.S. Dollars Thousands) |
||||||||||||||
| Three months ended December 31, |
Year ended December 31, |
|||||||||||||
| 2015 |
2014 |
2015 |
2014 |
|||||||||||
| IFRS profit from operations including discontinued operations |
$ |
21,640 |
$ |
9,044 |
$ |
27,804 |
$ |
20,170 |
||||||
| Depreciation and amortization including discontinued operations |
2,623 |
2,614 |
10,326 |
13,061 |
||||||||||
| EBITDA |
24,263 |
11,658 |
38,130 |
33,231 |
||||||||||
| Non-cash stock based compensation expense |
499 |
508 |
2,149 |
1,857 |
||||||||||
| Impairment of goodwill and intangibles |
- |
4 |
- |
2,242 |
||||||||||
| Profit on sale of property, net of transaction costs |
(9,791) |
- |
(9,791) |
- |
||||||||||
| Adjusted EBITDA including discontinued operations |
$ |
14,971 |
$ |
12,170 |
$ |
30,488 |
$ |
37,330 |
||||||
| 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, |
|||||
| 2016 |
2015 |
|||||
| Revenue from continuing operations |
$78.0 |
to |
$80.0 |
$85.9 |
||
| IFRS EPS from continuing operations |
$0.13 |
to |
$0.17 |
$0.28 |
||
| Non-cash stock based compensation expense (Note 1) |
$0.04 |
$0.04 |
$0.03 |
|||
| Amortization of intangibles (Note 2) |
$0.01 |
$0.01 |
$0.01 |
|||
| Non-IFRS diluted net income per share from continuing operations |
$0.18 |
to |
$0.22 |
$0.32 |
||
| Total shares used in non-IFRS diluted net income |
||||||
| per share calculations |
25,400,000 |
25,400,000 |
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. |
||||||
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| 環球資源Global Sources |
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| 蘇慧雯 |
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| 投資者聯絡 |
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| 亞洲地區 |
美國 |
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LHA |
| 賴秀琴 |
Cathy Mattison |
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電話：(1-415) 433-3777 |
| 電子郵件：cmattison@lhai.com |
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