Short Form of the Stock: ST Donghai-A, ST Donghai-B Stock Code: 000613, 200613
海南大东海旅游中心股份有限公司
Hainan Dadonghai Tourism Centre (Holdings) Co., Ltd.
The First Quarterly Report 2012
(Full Text)
Disclosure Date: 26 April 2012
Hainan Dadonghai Tourism Centre (Holdings) Co., Ltd. First Quarterly Report 2012 (Full Text)
Hainan Dadonghai Tourism Centre (Holdings) Co., Ltd.
The First Quarterly Report 2012 (Full Text)
§1. Important Notes
1.1 Board of Directors and the Supervisory Committee of Hainan Dadonghai Tourism Centre
(Holdings) Co., Ltd. (hereinafter referred to as the Company) and its directors, supervisors and
senior executives hereby confirm that there are no any fictitious statements, misleading statements,
or important omissions carried in this report, and shall take all responsibilities, individual and/or
joint, for the reality, accuracy and completion of the whole contents.
1.2 The First Quarterly Financial Report of 2012 has not been audited by CPAs.
1.3 Mr. Li Yuanbin, Principal of the Company; Mr. Chen Liurong, Person in Charge of Financial
Works; and Mr. Li Zhi, Person in Charge of Accounting Organ (Accounting Supervisor) hereby
confirm that the Financial Report of the First Quarterly Report is true and complete.
§2. Company Profile
2.1 Main accounting highlights and financial indexes:
Unit: RMB
At the end of the report At the period-end of the Changes of
period last year increase/decrease (%)
Total assets (RMB) 116,982,233.42 118,036,774.80 -0.89%
Owners’ equity attributable to
shareholders of the listed company 82,971,506.44 81,985,125.82 1.20%
(RMB)
Total share capital (Share) 364,100,000.00 364,100,000.00 0.00%
Net asset per share attributable to
shareholders of listed company 0.23 0.23 0.00%
(RMB/Share)
The same period of last Changes of
In the report period
year increase/decrease (%)
Total operating income (RMB) 14,779,669.30 12,929,387.90 14.31%
Net profit attributable to shareholders of
986,380.62 723,602.24 36.32%
the listed company (RMB)
Net cash flow arising from operating
204,220.35 1,757,606.53 -88.38%
activities (RMB)
Net cash flow arising from operating
0.0006 0.0048 -87.50%
activities per share (RMB/Share)
Basic earnings per share (RMB/Share) 0.0027 0.0020 35.00%
Diluted earnings per share (RMB/Share) 0.0027 0.0020 35.00%
Weighted average return on equity (%) 1.20% 0.83% 0.37%
Weighted average return on equity after
deducting non-recurring gains and losses 1.12% 0.65% 0.47%
(%)
Items of non-recurring gains and losses
√ Applicable □ Inapplicable
Unit: RMB
Amount from year-begin to Remarks (If
Items of non-recurring gains and losses
period-end applicable)
Other non-operating income and expenditure except for the
64,514.15 -
aforementioned items
Total 64,514.15 -
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Hainan Dadonghai Tourism Centre (Holdings) Co., Ltd. First Quarterly Report 2012 (Full Text)
2.2 Total number of shareholders at the end of the report period and shares held by the top
ten shareholders with unrestricted conditions
Unit: Share
Total number of shareholders
30,244
at the end of report period
Particulars about the shares held by the top ten tradable shareholders with unrestricted conditions
Amount of tradable shares with
Full name of shareholder unrestricted conditions held at the Type of shares
end of report period
Haikou Agriculture & Industry & Trade
60,000,000 RMB ordinary shares
Luoniushan Co., Ltd.
Yangpu Tongrong Investment
12,640,832 RMB ordinary shares
Management Consulting Co., Ltd.
He Haichao 11,264,307 RMB ordinary shares
Sanya Yongli Investment Co., Ltd. 6,930,000 RMB ordinary shares
CI CITIC Assets Management Co., Ltd. 4,620,000 RMB ordinary shares
Liang Ruizhi 4,577,545 RMB ordinary shares
Cao Huili 4,143,939 RMB ordinary shares
CITRINE CAPITAL LIMITED 3,265,200 Domestically listed foreign shares
China Merchants Securities (HK) Co.,
2,749,501 Domestically listed foreign shares
Ltd.
Sanya Rural Commercial Union 2,310,000 RMB ordinary shares
§3. Significant Events
3.1 Particulars about material changes in items of main accounting statement and financial
index, and explanations of reasons
√Applicable □Inapplicable
1. Account receivable amount as 2,189,350.34 yuan, increased 1,014,997.89 yuan over year-begin of
1,174,352.45 yuan with 86.43% up, mainly due to the sales amount for goods receivable increased.
2. Account paid in advance amount as 147,757.81 yuan, decreased 228,610.72 yuan over year-begin
of 376,368.53 yuan with 60.74% down, mainly due to the decrease of account paid in advance for
goods purchase.
3. Account received in advance amount as 1,710,881.91 yuan, decreased 1,935,840.10 yuan over
year-begin of 3,646,722.01 yuan with 53.08% down, mainly due to the carry-over of consumption
amount.
4. Wages payable amount as 5,417,107.76 yuan, increased 2,103,541.20 yuan over year-begin of
3,313,566.56 yuan with 63.48% up, mainly due to performance remuneration of South China Hotel
accrual.
5. Taxes payable amount as -1,271,672.65 yuan, decreased -963,476.59 yuan over year-begin with
31.98% down, mainly due to the accrual taxes paid.
6. Operation profit amount as 1,250,660.01 yuan, increased 450,370.90 yuan over same period of last
year 800,289.11 yuan with 56.28% up, mainly due to the revenue increased.
7. Non-operation income amount as 64,514.15 yuan, decreased 87,304.95 yuan over same period of
last year 151,819.10 yuan with 57.51% down, mainly due to the compensation amount decreased.
8. Total profit amount as 1,315,174.16 yuan, increased 363,065.95 yuan over same period of last year
952,108.21 yuan with 38.13% up, mainly due to the increase of income.
9. Net profit amount as 986,380.62 yuan, increased 262,778.38 yuan over same period of last year
723,602.24 yuan with 36.32% up, and mainly due to the income increased.
10. Net cash flow arising from operation activities amount as 204,220.35 yuan, decreased
1,553,386.18 yuan over same period of last year 1,757,606.53 yuan with 88.38% down, mainly
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Hainan Dadonghai Tourism Centre (Holdings) Co., Ltd. First Quarterly Report 2012 (Full Text)
because cash paid for goods purchasing and labor providing increased y-o-y.
3.2 Analysis and explanation of significant events and their influence and solutions
3.2.1 Particular about Qualified Opinion
√Applicable □Inapplicable
In 2011, the renovation and expansion of South China Hotel was completed; configuration of the
giant convention room of the hotel was full in place, the operation environment in and out of the
hotel are on an entirely new look, which reinforce the competive-ness and ability to continue as a
going concern for the hotel, and lay out a foundation for subsequent development of the Company.
In later works, on one hand, establish and perfect an efficiency internal control mechanism for
enterprises, including a serial controlling mechanism of inventory, account receivable, cash, fixed
assets, management expenses, control of sales risks and control of purchasing risks. Strengthen on
management, increase income and reduce expenditures, lower expenses and improved the sales risk
reduction in sales department and minimized cost in purchasing department; on other hand, make use
of the unique geological environment advantage, on basis of consolidate regular customs, vigorously
exploit market areas in and out of China, intensified efforts in marketing for more market quota
occupied, higher utilization of assets and profitability in order to earn in operation.
Being benefit from the promotion of construction of Hainan International Traveling Island in future,
and the above said measures, the Company’s short-term solvency and other major financial status
will obtain a fundamental change, operation capital of the Company will gains a positive figures and
events listed in emphasized paragraph will be solved.
The above said measures are in a good implementation in first quarter of 2012.
3.2.2 Particular about fund offered to shareholder or its related parties by the Company and
external guarantee with procedure violation
□Applicable √Inapplicable
3.2.3 Particular about the significant contract of routine operation signed and implemented
□Applicable √Inapplicable
3.2.4 Other
□Applicable √Inapplicable
3.3 Implementations of commitments by the Company, shareholders and actual controller
Commitments make within the report period or persisted to the period by listed company and its
director, supervisor and senior executives, shareholder with over 5 percent shares held and its actual
controller
√Applicable □Inapplicable
Item of Commitments Promisee Content of commitments Implementation
The Company
Found more details in VI
or Part of the commitments
(II)of Section X.
Commitments for Share Merger Reform shareholders fulfilled and part of them
Significant Events carried
with over 5% still implemented
in Annual Report of 2011
shares held
Commitments made in Acquisition
Inapplicable Inapplicable Inapplicable
Report or Reports on Change in Interests
Commitments made in Material Assets
Inapplicable Inapplicable Inapplicable
Reorganization
Commitments made in issuing Inapplicable Inapplicable Inapplicable
Other commitments (including additional
Inapplicable Inapplicable Inapplicable
commitments)
3.4 Estimation of accumulative net profit from the beginning of the year to the end of next
report period to be loss probably or the warning of its material change compared with the
corresponding period of the last year and explanation of reason
□Applicable √Inapplicable
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Hainan Dadonghai Tourism Centre (Holdings) Co., Ltd. First Quarterly Report 2012 (Full Text)
3.5 Other significant events which need explanations
3.5.1 Particulars about securities investment
□Applicable √Inapplicable
3.5.2 Registration form for receiving research, communication and interview in the report
period
In the report period, there were no receptions from the investors such as spot research, telephone
communications and written enquiries.
3.6 Particulars about derivatives investment
□Applicable √Inapplicable
3.6.1 Particulars about derivatives investment held at the end of report period
□Applicable √Inapplicable
§4. Appendix
4.1 Balance sheet
Prepared by Hainan Dadonghai Tourism Centre (Holdings) Co., Ltd.
March 31, 2012 Unit: RMB
Balance at period-end Balance at year-begin
Items
Consolidation Parent Company Consolidation Parent Company
Current assets:
Monetary funds 12,208,408.93 12,208,408.93 12,374,582.48 12,374,582.48
Settlement provisions
Capital lent
Transaction finance
asset
Notes receivable
Accounts receivable 2,189,350.34 2,189,350.34 1,174,352.45 1,174,352.45
Accounts paid in
147,757.81 147,757.81 376,368.53 376,368.53
advance
Insurance receivable
Reinsurance receivables
Contract reserve of
reinsurance receivable
Interest receivable
Dividend receivable
Other receivables 439,842.81 439,842.81 467,419.30 467,419.30
Purchase restituted
finance asset
Inventories 671,255.74 671,255.74 624,519.07 624,519.07
Non-current asset due
within one year
Other current assets 810,900.00 810,900.00 810,900.00 810,900.00
Total current assets 16,467,515.63 16,467,515.63 15,828,141.83 15,828,141.83
Non-current assets:
Granted loans and
advances
Finance asset available
for sales
Held-to-maturity
investment
Long-term account
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Hainan Dadonghai Tourism Centre (Holdings) Co., Ltd. First Quarterly Report 2012 (Full Text)
receivable
Long-term equity
investment
Investment property
Fixed assets 69,632,629.51 69,632,629.51 71,010,730.88 71,010,730.88
Construction in progress
Engineering material
Disposal of fixed asset
Productive biological
asset
Oil and gas asset
Intangible assets 29,609,117.37 29,609,117.37 29,826,299.16 29,826,299.16
Expense on Research
and Development
Goodwill
Long-term expenses to
1,272,970.91 1,272,970.91 1,371,602.93 1,371,602.93
be apportioned
Deferred income tax
asset
Other non-current asset
Total non-current asset 100,514,717.79 100,514,717.79 102,208,632.97 102,208,632.97
Total assets 116,982,233.42 116,982,233.42 118,036,774.80 118,036,774.80
Current liabilities:
Short-term loans
Loan from central bank
Absorbing deposit and
interbank deposit
Capital borrowed
Transaction financial
liabilities
Notes payable
Accounts payable 2,943,538.56 2,943,538.56 3,872,102.24 3,872,102.24
Accounts received in
1,710,881.91 1,710,881.91 3,646,722.01 3,646,722.01
advance
Selling financial asset of
repurchase
Commission charge and
commission payable
Wage payable 5,417,107.76 5,417,107.76 3,550,106.28 3,550,106.28
Taxes payable -1,271,672.65 -1,271,672.65 -963,476.59 -963,476.59
Interest payable
Dividend payable
Other accounts payable 25,210,871.40 25,210,871.40 25,946,195.04 25,946,195.04
Reinsurance payables
Insurance contract
reserve
Security trading of
agency
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Hainan Dadonghai Tourism Centre (Holdings) Co., Ltd. First Quarterly Report 2012 (Full Text)
Security sales of agency
Non-current liabilities
due within 1 year
Other current liabilities
Total current liabilities 34,010,726.98 34,010,726.98 36,051,648.98 36,051,648.98
Non-current liabilities:
Long-term loans
Bonds payable
Long-term account
payable
Special accounts
payable
Projected liabilities
Deferred income tax
liabilities
Other non-current
liabilities
Total non-current liabilities
Total liabilities 34,010,726.98 34,010,726.98 36,051,648.98 36,051,648.98
Owner’s equity (or
shareholders’ equity):
Paid-in capital (or share
364,100,000.00 364,100,000.00 364,100,000.00 364,100,000.00
capital)
Capital public reserve 54,142,850.01 54,142,850.01 54,142,850.01 54,142,850.01
Less: Inventory shares
Reasonable reserve
Surplus public reserve
Provision of general risk
Retained profit -335,271,343.57 -335,271,343.57 -336,257,724.19 -336,257,724.19
Balance difference of
foreign currency translation
Total owner’s equity
attributable to parent 82,971,506.44 82,971,506.44 81,985,125.82 81,985,125.82
company
Minority interests
Total owner’s equity 82,971,506.44 82,971,506.44 81,985,125.82 81,985,125.82
Total liabilities and owner’s
116,982,233.42 116,982,233.42 118,036,774.80 118,036,774.80
equity
4.2 Profit statement
Prepared by Hainan Dadonghai Tourism Centre (Holdings) Co., Ltd.
Jan.-Mar. 2012 Unit: RMB
Amount in this period Amount in last period
Items Parent Parent
Consolidation Consolidation
Company Company
14,779,669.3
I. Total operating income 14,779,669.30 12,929,387.90 12,929,387.90
0
14,779,669.3
Including: Operating income 14,779,669.30 12,929,387.90 12,929,387.90
0
Interest income
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Hainan Dadonghai Tourism Centre (Holdings) Co., Ltd. First Quarterly Report 2012 (Full Text)
Insurance gained
Commission charge and commission income
13,529,009.2
II. Total operating cost 13,529,009.29 12,129,098.79 12,129,098.79
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Including: Operating cost 2,605,289.01 2,605,289.01 2,099,220.06 2,099,220.06
Interest expense
Commission charge and commission expense
Cash surrender value
Net amount of expense of compensation
Net amount of withdrawal of insurance
contract reserve
Bonus expense of guarantee slip
Reinsurance expense
Operating tax and extras 827,661.49 827,661.49 724,045.74 724,045.74
Sales expenses 4,716,421.82 4,716,421.82 4,549,661.91 4,549,661.91
Administration expenses 5,254,901.81 5,254,901.81 4,643,696.85 4,643,696.85
Financial expenses 124,735.16 124,735.16 112,474.23 112,474.23
Losses of devaluation of asset
Add: Changing income of fair value(Loss is
listed with “-”)
Investment income (Loss is listed with “-”)
Including: Investment income on affiliated
company and joint venture
Exchange income (Loss is listed with “-”)
III. Operating profit (Loss is listed with “-”) 1,250,660.01 1,250,660.01 800,289.11 800,289.11
Add: Non-operating income 64,514.15 64,514.15 151,819.10 151,819.10
Less: Non-operating expense
Including: Disposal loss of non-current asset
IV. Total Profit (Loss is listed with “-”) 1,315,174.16 1,315,174.16 952,108.21 952,108.21
Less: Income tax 328,793.54 328,793.54 228,505.97 228,505.97
V. Net profit (Net loss is listed with “-”) 986,380.62 986,380.62 723,602.24 723,602.24
Net profit attributable to owner’s equity of
986,380.62 986,380.62 723,602.24 723,602.24
parent company
Minority shareholders’ gains and losses
VI. Earnings per share
i. Basic earnings per share 0.0027 0.0027 0.0020 0.0020
ii. Diluted earnings per share 0.0027 0.0027 0.0020 0.0020
VII. Other consolidated income
VIII. Total consolidated income 986,380.62 986,380.62 723,602.24 723,602.24
Total consolidated income attributable to owners
986,380.62 986,380.62 723,602.24 723,602.24
of parent company
Total consolidated income attributable to minority
shareholders
Concerning the enterprise consolidation under common control occurred in the period; the mergered
party realized net profit before consolidation amounting to RMB00.00.
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Hainan Dadonghai Tourism Centre (Holdings) Co., Ltd. First Quarterly Report 2012 (Full Text)
4.3 Cash flow statement
Prepared by Hainan Dadonghai Tourism Centre (Holdings) Co., Ltd.
Jan.-Mar. 2012 Unit: RMB
Amount in this period Amount in last period
Items Parent
Consolidation Consolidation Parent Company
Company
I. Cash flows arising from operating
activities:
Cash received from selling commodities
12,034,853.05 12,034,853.05 10,684,957.83 10,684,957.83
and providing labor services
Net increase of customer deposit and
interbank deposit
Net increase of loan from central bank
Net increase of capital borrowed from
other financial institution
Cash received from original insurance
contract fee
Net cash received from reinsurance
business
Net increase of insured savings and
investment
Net increase of disposal of transaction
financial asset
Cash received from interest, commission
charge and commission
Net increase of capital borrowed
Net increase of returned business capital
Write-back of tax received
Other cash received concerning
341,851.62 341,851.62 65,405.84 65,405.84
operating activities
Subtotal of cash inflow arising from
12,376,704.67 12,376,704.67 10,750,363.67 10,750,363.67
operating activities
Cash paid for purchasing commodities
5,371,948.99 5,371,948.99 2,673,424.05 2,673,424.05
and receiving labor service
Net increase of customer loans and
advances
Net increase of deposits in central bank
and interbank
Cash paid for original insurance contract
compensation
Cash paid for interest, commission
charge and commission
Cash paid for bonus of guarantee slip
Cash paid to/for staff and workers 3,150,497.81 3,150,497.81 2,547,209.11 2,547,209.11
Taxes paid 1,793,426.07 1,793,426.07 991,202.89 991,202.89
Other cash paid concerning operating
1,856,611.45 1,856,611.45 2,780,921.09 2,780,921.09
activities
Subtotal of cash outflow arising from
12,172,484.32 12,172,484.32 8,992,757.14 8,992,757.14
operating activities
Net cash flows arising from operating
204,220.35 204,220.35 1,757,606.53 1,757,606.53
activities
II. Cash flows arising from investing
activities:
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Hainan Dadonghai Tourism Centre (Holdings) Co., Ltd. First Quarterly Report 2012 (Full Text)
Cash received from recovering
investment
Cash received from investment income
Net cash received from disposal of fixed,
intangible and other long-term assets
Net cash received from disposal of
subsidiaries and other units
Other cash received concerning investing
activities
Subtotal of cash inflow from investing
activities
Cash paid for purchasing fixed, intangible
370,393.90 370,393.90 33,210.00 33,210.00
and other long-term assets
Cash paid for investment
Net increase of mortgaged loans
Net cash received from subsidiaries and
other units
Other cash paid concerning investing
activities
Subtotal of cash outflow from investing
370,393.90 370,393.90 33,210.00 33,210.00
activities
Net cash flows arising from investing
-370,393.90 -370,393.90 -33,210.00 -33,210.00
activities
III. Cash flows arising from financing
activities
Cash received from absorbing
investment
Including: Cash received from absorbing
minority shareholders’ investment by
subsidiaries
Cash received from loans
Cash received from issuing bonds
Other cash received concerning
financing activities
Subtotal of cash inflow from financing
activities
Cash paid for settling debts
Cash paid for dividend and profit
distributing or interest paying
Including: Dividend and profit of
minority shareholder paid by subsidiaries
Other cash paid concerning financing
activities
Subtotal of cash outflow from financing
activities
Net cash flows arising from financing
activities
IV. Influence on cash and cash equivalents
due to fluctuation in exchange rate
V. Net increase of cash and cash equivalents -166,173.55 -166,173.55 1,724,396.53 1,724,396.53
Add: Balance of cash and cash
12,374,582.48 12,374,582.48 3,104,278.19 3,104,278.19
equivalents at the period -begin
VI. Balance of cash and cash equivalents at 12,208,408.93 12,208,408.93 4,828,674.72 4,828,674.72
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Hainan Dadonghai Tourism Centre (Holdings) Co., Ltd. First Quarterly Report 2012 (Full Text)
the period -end
4.4 Auditor’ report
Auditor’s opinions: Un-audited
Chairman: Li Yuanbin
Board of the Director of
Hainan Dadonghai Tourism Centre (Holdings) Co., Ltd.
24 April 2012
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