司公限有份股心中游旅海东大南海 2018 文全告报度年半年
Stock Code: 000613, 200613 Short Form of the Stock: Dadonghai-A, Dadonghai-B
海南大东海旅游中心股份有限公司
Hainan Dadonghai Tourism Centre (Holdings) Co., Ltd.
Semi-Annual Report 2018
(Full-text)
Disclosure Date: 11 August 2018
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司公限有份股心中游旅海东大南海 2018 文全告报度年半年
Section I. Important Notice, Contents and Paraphrase
Important Notice:
Board of Directors, Supervisory Committee, all directors, supervisors and senior executives of
Hainan Dadonghai Tourism Centre (Holdings) Co., Ltd. (hereinafter referred to as the
Company) 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.
Yuan Xiaoping, Principal of the Company, Fu Zongren, person in charger of accounting works
and Fu Zongren, person in charge of accounting organ (accounting principal) hereby confirm
that the Financial Report of 2018 Semi-Annual Report is authentic, accurate and complete.
All directors are attending the Board Meeting for Report deliberation.
The Company has no plan of cash dividends carried out, bonus issued and capitalizing of
common reserves either.
Concerning the forward-looking statements with future planning involved in the Report, they
do not constitute a substantial commitment for investors. Investors are advised to exercise
caution of investment risks.
Content
Semi-Annual Report 2018................................................................................................................ 2
Section I Important Notice adn Paraphrase.......................................................................................... 2
Section II Company Profile and Main Finnaical Indexes.................................................................... 4
Section III Summary of Company Business........................................................................................ 6
Section IV Discussion and Analysis of Operation............................................................................... 7
Section V Important Events................................................................................................................12
Section VI Changes in shares and particular about shareholders.......................................................18
Section VII Preferred Stock................................................................................................................22
Section VIII Particulars about Directors, Supervisors and Senior Executives...................................23
Section IX Corporate Bonds...............................................................................................................25
Section X Financial Report................................................................................................................ 26
Section XI Documents available for reference...................................................................................77
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司公限有份股心中游旅海东大南海 2018 文全告报度年半年
Paraphrase
Items Refers to Contents
CSRC Refers to China Securities Regulation Commission
SSE Refers to Shenzhen Stock Exchange
Company Law Refers to Company Law of The People’s Republic of China
Securities Law Refers to Securities Law of The People’s Republic of China
Company, the Company Refers to Hainan Dadonghai Tourism Centre (Holdings) Co., Ltd.
Article of Association Refers to Article of Association of Hainan Dadonghai Tourism Centre (Holdings) Co., Ltd.
Shareholders’ General Meeting of Hainan Dadonghai Tourism Centre (Holdings)
Shareholders’ General Meeting Refers to
Co., Ltd.
Board Refers to Board of Hainan Dadonghai Tourism Centre (Holdings) Co., Ltd.
Supervisory Committee Refers to Supervisory Committee of Hainan Dadonghai Tourism Centre (Holdings) Co., Ltd.
Yuan Refers to CNY/RMB
Risk Warning
Securities Times, Hong Kong Commercial Daily and Juchao Website (www.cninfo.com.cn) are the
media for information disclosure appointed by the Company for year of 2018, all information under
the name of the Company disclosed on the above said media shall prevail.
The report is prepared in bilingual versions of Chinese and English respectively, in the event of any
discrepancy in understanding the two aforementioned versions, the Chinese version shall prevail.
Investors are advised to exercise caution of investment risks.
Section II. Company Profile and Main Finnaical Indexes
I. Company information
Short form of the stock Da donghai-A, Dadonghai-B Stock code 000613, 200613
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司公限有份股心中游旅海东大南海 2018 文全告报度年半年
Short form of the Stock after
N/A
changed
Stock exchange for listing Shenzhen Stock Exchange
Name of the Company (in Chinese) 司公限有份股心中游旅海东大南海
Short form of the Company (in
Chinese)
海东大
Foreign name of the Company Hainan Dadonghai Tourism Centre (Holdings) Co., Ltd
Foreign name of short form of the
DADONGHAI
Company
Legal representative Yuan Xiaoping
II. Person/Way to contact
Secretary of the Board Rep. of security affairs
Name Wang Hongjuan
Contact add. Dadonghai Sanya
Tel. 0898-88219921
Fax. 0898-88214998
E-mail hnddhhn@21cn.com
III. Others
1. Way of contact
Whether registrations address, offices address and codes as well as website and email of the Company changed in reporting period or
not
□ Applicable √ Not applicable
Registrations address, offices address and codes as well as website and email of the Company have no change in reporting period,
found more details in Annual Report 2017.
2. Information disclosure and preparation place
Whether information disclosure and preparation place changed in reporting period or not
□ Applicable √ Not applicable
The newspaper appointed for information disclosure, website for semi-annual report publish appointed by CSRC and preparation
place for semi-annual report have no change in reporting period, found more details in Annual Report 2017.
IV. Main accounting data and financial indexes
Whether it has retroactive adjustment or re-statement on previous accounting data
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司公限有份股心中游旅海东大南海 2018 文全告报度年半年
□ Yes √ No
Same period Increase/decrease in this report
Current period
of last year y-o-y
Operating revenue (RMB) 16,173,929.32 15,096,273.42 7.14%
Net profit attributable to shareholders of the listed company
1,282,165.58 1,719,253.80 -25.42%
(RMB)
Net profit attributable to shareholders of the listed company
1,282,370.56 1,718,993.80 -25.40%
after deducting non-recurring gains and losses (RMB)
Net cash flow arising from operating activities (RMB) 3,110,677.60 3,231,073.10 -3.73%
Basic earnings per share (RMB/Share) 0.0035 0.0047 -25.53%
Diluted earnings per share (RMB/Share) 0.0035 0.0047 -25.53%
Weighted average ROE (%) 1.65% 2.29% -0.64%
Increase/decrease in this
End of current End of last
report-end over that of last
period period
period-end
Total assets (RMB) 87,966,932.27 87,466,661.80 0.57%
Net assets attributable to shareholder of listed company
78,417,579.68 77,135,414.10 1.66%
(RMB)
V. Difference of the accounting data under accounting rules in and out of China
1. Difference of the net profit and net assets disclosed in financial report, under both IAS (International
Accounting Standards) and Chinese GAAP (Generally Accepted Accounting Principles)
□ Applicable √ Not applicable
The Company had no difference of the net profit or net assets disclosed in financial report, under either IAS (International
Accounting Standards) or Chinese GAAP (Generally Accepted Accounting Principles) in the period.
2. Difference of the net profit and net assets disclosed in financial report, under both foreign accounting
rules and Chinese GAAP (Generally Accepted Accounting Principles)
□ Applicable √ Not applicable
The Company had no difference of the net profit or net assets disclosed in financial report, under either foreign accounting rules or
Chinese GAAP (Generally Accepted Accounting Principles) in the period.
VI. Items and amounts of extraordinary profit (gains)/loss
√Applicable □ Not applicable
In RMB
Item Amount Note
Gains/losses from the disposal of non-current asset (including the
-477.98 Loss from fixed assets disposal
write-off that accrued for impairment of assets)
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司公限有份股心中游旅海东大南海 2018 文全告报度年半年
Other non-operating income and expenditure except for the
273.00 Refund of vehicle tolls
aforementioned items
Total -204.98 --
Concerning the extraordinary profit (gain)/loss defined by Q&A Announcement No.1 on Information Disclosure for Companies
Offering Their Securities to the Public --- Extraordinary Profit/loss, and the items defined as recurring profit (gain)/loss according to
the lists of extraordinary profit (gain)/loss in Q&A Announcement No.1 on Information Disclosure for Companies Offering Their
Securities to the Public --- Extraordinary Profit/loss, explain reasons
□ Applicable √ Not applicable
In reporting period, the Company has no particular about items defined as recurring profit (gain)/loss according to the lists of
extraordinary profit (gain)/loss in Q&A Announcement No.1 on Information Disclosure for Companies Offering Their Securities to
the Public --- Extraordinary Profit/loss
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司公限有份股心中游旅海东大南海 2018 文全告报度年半年
Section III. Summary of Company Business
I. Main businesses of the company in the reporting period
Whether the company needs to comply with the disclosure requirements of the particular industry
No
The company's main business is hotel accommodation and catering services. Procurement of goods is mainly the
goods and materials necessary for hotel and catering operations by taking the principle of low price and fine
quality, some goods are purchased by directly signing purchase contracts with suppliers, and some good are
purchased by procurement agents. The operation is mainly including the network sales, and supplemented by the
non-internet marketing and business and the tourists from travel agencies. The hotel is located at the central zone
of Dadonghai scenic spot in Sanya City, Hainan Province, and it has become a member of the nationwide famous
hotels because of the convenient transportation, beautiful environment, long history, and rich culture. However, in
recent years, the local high-, middle- and low-grade hotels or guesthouses numerously emerge, resulting in the
supply much larger than the market demand, the industry competition is rather fierce, and the pressure of decline
in business remains.
II. Major changes in main assets
1. Major changes in main assets
Major assets Note of major changes
Decreased 0.33 million Yuan over that of year beginning, mainly because funds returned
Account receivable
increased in reporting period
Increased 0.66 million Yuan over that of year beginning, mainly because utilities payable from
Other receivables
leasers increased at end of the Period and staff borrowings increased also
Non current assets due within Decreased 0.46 million Yuan over that of year beginning, mainly because the long-term
one year amortization expenses due within one year are amortized by month
2. Main overseas assets
□ Applicable √ Not applicable
III. Core Competitiveness Analysis
Whether or not the Company complies with disclosure requirement of the special industry
No
The company takes hotel accommodation and catering services as the principle works, locates at Dadonghai bay which is one of the
China “Top 40 scenery” and the only AAAA scenic spot open for free in Sanya and has the maximum passenger flow volume in
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司公限有份股心中游旅海东大南海 2018 文全告报度年半年
Sanya City, and is about a 5-minute drive from downtown of Sanya City and about a 30-munite drive from Sanya Phoenix Airport.
The hotel is only tens of meters distant from the sea level, possesses beautiful landscaping full of blooming flowers all the year round,
and enjoys exceptional geography, natural environmental advantages. The hotel has opened for more than two decades which is one
of the oldest hotels in Sanya and has received many domestic and foreign heads of state and national leaders. In the recent years, the
company has comprehensively upgraded and rebuilt the hotel’s software and hardware facilities, further improved the hotels internal
and external business environment, and effectively enhanced the business competitiveness. Currently, the management of the
company’s hotel is still in the front rank among hotels in the same area, with the same scale, and at the same level. In the future work,
the company will keep trying to improve the hotel’s internal and external business environment, strengthen the sales efforts and the
staff construction, and further improve the operational capability. During the reporting period, the company's core competence had
no significant change.
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司公限有份股心中游旅海东大南海 2018 文全告报度年半年
Section IV. Discussion and Analysis of Operation
I. Introduction
During the reporting period, the company realized main business income of 16,173,900 Yuan, increased by
1,077,700 Yuan compared with the same period last year, an increase of 7.14%; net profit of 1,281,600 Yuan,
decreased by 437,600 Yuan compared with the same period last year, a decrease of 25.45%.
During the reporting period, the Company keeps innovating in new market development and use marketing
strategy in a flexible way to develop the sales channel, acquiring a large number of guest sources from Russian by
making use of the favorable geographical advantage and environmental advantages. Moreover, we put more
efforts in renovation and reforming of the equipment and facilities, strengthen skill training for the employees in
order to improve the product quality. Strictly controlling the cost management, perfect the Company’s internal
control system in order to earn and less expenditure costs, we completed the operation targets that formulated at
beginning of the year basically. Main works are as:
1. Actively expand market, broaden marketing channels, and flexibly utilize marketing strategy to strive for a
large number of Russian customers.
During the reporting period, the company continued to increase the sales efforts of network marketing channels,
strengthen the cooperation with the domestic leading travel network companies, such as Ctrip, Tuniu, Alitrip,
Asiatravel, CFHC Tmall, etc., and make the best of network channels and e-commerce platforms to expand
network marketing. Take advantage of hotel location, and flexibly utilize the marketing strategies to cooperate
with Russian tourist suppliers including Haolide International Travel Agency, Youyi International Travel Agency
and Shengda SinoTrip etc. to win a large number of Russian customers. During the reporting period, the company
achieved main business income of RMB 15,096,300, an increase of RMB 3,033,500 compared with the same
period last year, and rate of increase was 25.15%.
2. Continue to strengthen the training of service skills so as to improve the quality of hotel products and enhance
the product competitiveness.
The human resources mobility in the hotel industry is rather large, and the service skill training is becoming
increasingly important. The company adheres to the “people-oriented” business philosophy, strengthens the
business service skill training, enhances the corporate culture construction, constantly enriches the employees’
cultural life, and creates a harmonious working environment. The company also constantly strengthens the service
skill training to improve the quality and market competitiveness of the company’s hotel products.
3. Adhere to the strict cost control, intensify the budget management and performance evaluation mechanism,
continuously complete the internal control system, and improve the operational management efficiency.
During the reporting period, the company focused on expanding its operations, strengthened the procurement cost
control management, adopted performance evaluation mechanism and budget management, and took measures
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司公限有份股心中游旅海东大南海 2018 文全告报度年半年
such as online price inquiry and hotel industry price inquiry to implement the diversification of procurement cost
inquiry channels, and shopped around for scientific control of operating costs. At the same time, the company
continued to improve the internal control system, strengthen the internal control work norms, intensify the
effective implementation of internal control work, increase revenues and reduce expenditures, and adhere to the
safety production, which effectively improved the management efficiency, ensured the company’s operation safety,
and maximized the enterprises benefits.
In the second half of 2018, the Company continues to consolidate and expand sales channels, improve the hotel’s
quality and service standards, and enhance the comprehensive competitiveness, to laying out a solid foundation
for sustained, stable and healthy development of the Company.
II. Main business analysis
See the “I-Introduction” in “Discussion and Analysis of Operation”
Change of main financial data on a y-o-y basis
In RMB
Y-o-y
Same period
Current period increase/de Reasons for changes
of last year
crease
Operation revenue 16,173,929.32 15,096,273.42 7.14%
Operation cost 6,000,063.36 5,256,112.51 14.15%
Sales expenses 2,800,956.10 2,458,144.93 13.95%
Administrative expenses 5,356,455.21 5,089,450.57 5.25%
Interest income declined in the Period and
Financial cost 17,563.19 -180,672.66 109.72%
last year’s interest are higher than the Period
Net cash flow arising from
3,110,677.60 3,231,073.10 -3.73%
operation activities
At same period of last year, creditors’
Net cash flow arising from
-2,040,626.12 -10,333,145.20 80.25% investment and renovation investment have
investment activities
major amount occurred
Net cash flow arising from The contact account paid to Luoniushan
-10,000,000.00 100.00%
financing activities Group
The net increase of cash in the period
Net increase of cash and cash increased 1.04 million Yuan, while there was
1,070,051.48 -17,102,072.10 106.26%
equivalent 17.1 million Yuan declined at same period of
last year
Major changes on profit composition or profit resources in reporting period
□Applicable √Not applicable
No changes on profit composition or profit resources in reporting period
Constitution of main business
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司公限有份股心中游旅海东大南海 2018 文全告报度年半年
In RMB
Increase/decrea
Increase/decrea Increase/decrea
Operating Operating Gross profit se of gross
se of operating se of operating
revenue cost ratio profit ratio
revenue y-o-y cost y-o-y
y-o-y
According to industries
Tourism catering
16,173,929.32 6,000,063.36 62.90% 7.14% 14.15% -3.50%
service
According to products
Room revenue 12,703,332.00 4,665,442.06 63.27% 8.79% 14.37% -2.75%
Catering
entertainment 1,911,816.00 1,097,359.52 42.60% 3.80% 16.79% -13.03%
revenue
Rental revenue 1,558,781.00 237,262.00 84.78% -1.21% 0.00% -0.21%
According to region
Hainan area 16,173,929.32 6,000,063.36 62.90% 7.14% 14.15% -3.50%
III. Analysis of the non-main business
□ Applicable √ Not applicable
IV. Assets and liability
1. Major changes of assets composition
In RMB
Current period-end Same period-end last year
Ratio in Ratio in Ratio
Notes of major changes
Amount total Amount total changes
assets assets
The cash flow growth during end of last
Monetary fund 10,751,658.64 12.22% 10,108,175.91 10.51% 1.71%
period to reporting period-end
Account Fund return from receivables increased in
266,236.51 0.30% 337,187.05 0.35% -0.05%
receivable the period
Inventory 264,620.69 0.30% 253,215.05 0.26% 0.04% Increase of inventory in normal changes
Investment real Mainly due to the depreciation and
8,621,742.21 9.80% 9,096,265.77 9.46% 0.34%
estate amortization
Long-term The registered capital invested for
1,000,000.00 1.14% 1.14%
equity wholly-owned subsidiary
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司公限有份股心中游旅海东大南海 2018 文全告报度年半年
investment
Fixed assets purchasing and routine
Fix assets 38,017,199.39 43.22% 39,264,470.61 40.82% 2.40%
depreciation
Construction in Construction in process has carry-over at
978,211.64 1.02% -1.02%
process same period of last year
Mainly because utilities payable from
Other account
800,136.44 0.91% 316,384.24 0.33% 0.58% leasers increased and staff borrowings
receivable
increased also
Non current Mainly because the long-term
assets due 716,972.51 0.82% 292,184.72 0.30% 0.52% amortization expenses due within one
within one year year are amortized by month
Other current Creditor’s investment of 9 million Yuan
2,195,699.54 2.50% 11,020,867.76 11.46% -8.96%
assets at same period of last year
Long-term
The renovation expenses have carry-over
amortization 2,678,016.88 3.04% 1,071,343.97 1.11% 1.93%
last year
expenses
2. Assets and liability measured by fair value
□ Applicable √ Not applicable
3. Assets right restriction till end of reporting period
Nil
V. Investment
1. Overall situation
√Applicable □ Not applicable
Current investment amount (RMB) Same period of last year (RMB) Changes (+,-)
1,000,000.00 9,000,000.00 -88.89%
2. The major equity investment obtained in the reporting period
√Applicable □ Not applicable
In RMB
Way Inves Pr Progres Inc Laws
Shar Capit Inves Gain/l
Main of tmen od s till om uit Disclo Discl
Inves ehold al Partn tmen oss in
busin inves t uct end of e involv sure osure
tee ing resou er t the
ess tmen amou typ balance esti ed date index
ratio rces term period
t nt e sheet mat (Y/N)
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司公限有份股心中游旅海东大南海 2018 文全告报度年半年
date ed
Haina
n
Weng
ao Devel
Touri opme Newl
Registra
sm nt of y 1,000 Self Tr
100.0 30-y tion is 0.0 2018- 2018-
Reso touris estab ,000. raise N/A av 0.00 No
0% ear complet 0 06-07 046
urces m lishe 00 d el
ed
Devel resou d
opme rces
nt
Co.,
Ltd.
1,000
0.0
Total -- -- ,000. -- -- -- -- -- -- 0.00 -- -- --
0
00
3. The major non-equity investment doing in the reporting period
□ Applicable √ Not applicable
4. Financial assets investment
(1) Securities investment
□ Applicable √ Not applicable
The company had no securities investment in the reporting period.
(2) Derivative investment
□ Applicable √ Not applicable
The Company has no derivatives investment in the Period
VI. Sales of major assets and equity
1. Sales of major assets
□ Applicable √ Not applicable
The Company had no sales of major assets in the reporting period.
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司公限有份股心中游旅海东大南海 2018 文全告报度年半年
2. Sales of major equity
□ Applicable √ Not applicable
VII. Analysis of main holding company and stock-jointly companies
□ Applicable √ Not applicable
The Company had no information of main holding company and stock-jointly companies disclosed in the reporting period.
VIII. Structured vehicle controlled by the Company
□ Applicable √ Not applicable
IX. Prediction of business performance from January – September 2018
Estimation on 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 on reason
□ Applicable √ Not applicable
X. Risks and countermeasures
(1) Marco Policy risks
In order to normalize and optimize tourism market or further to promote clear-party construction, related
departments may further issue some relative policies. While these polices may cause restrain and effect on
regional tourism development. Main business income may be affected since we are engaged in tourism service.
Countermeasures: The Company will further to improve the hard and soft equipments and facilities of the hotel
while expanding the business scope, and win more market shares via high-class service and comfortable
environment so as to ensure the main business income level.
(2) Natural disaster risks
In recent years, various natural disasters take place frequently, Hainan Island belongs to oceanic climate, where
has high incidence of disastrous weather in summer. If Sanya becomes the landing place of typhoon, it may cause
great damages to the facilities of the Company and affect the Company’s normal operation.
Countermeasures: The Company will strengthen the construction and maintenance for infrastructure, continue to
buy property insurances, positively adopt effective prevention measures, and improve the ability of resisting
natural disasters.
(3) Risks of HR
Demand for talent in aspect of hotel sales and management are increasingly due to the constantly rise of hotel
industry, flow of hotel talented people comes more widespread and more frequent; we may face the risks of
development restrained from brain drain.
Countermeasure: we will continue to improved the talent introduction, training system, incentive mechanism,
remuneration and welfare as well as insurance mechanism, strive to attract talent, cultivate them and retain them.
Meanwhile, strengthen staff quality and skills as well as the management ability, further putting more efforts in
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司公限有份股心中游旅海东大南海 2018 文全告报度年半年
enterprise culture construction, enhance the cohesion in the Company, and guarantee a stable of the core managers
and skill technicians.
(4) Operational risks of main business
With the ceaseless development of global tourist industry constantly and ceaseless rising of high-class,
middle-class and low-class hotels, the tourist sources keep shunting, and the competition of tourism service
industry in Sanya becomes increasingly fierce. While the main business of the Company is just a small-scale hotel,
as the main business is single and the business scope is limited, the tourist market conditions and tourist quantity
directly make significant affects on the company performance.
Countermeasure: made a scientific management and decision-making procedures, strengthen the awareness of risk
prevention, building and improving relevant mechanism and standardized the management in the Company.
Furthermore, increase the sales ability, on base of the former sales network, continues to exploit foreign high-end
tourism market under the superior geographical location and environment for improving the occupancy rate.
Besides, we continued to develop financing channels, expanding operation projects, enrich the industrial structure
for increasing the profit increasing point.
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司公限有份股心中游旅海东大南海 2018 文全告报度年半年
Section V. Important Events
I. In the report period, the Company held annual general meeting and extraordinary
shareholders’ general meeting
1. Annual General Meeting in the report period
Session of Ratio of investor
Type Date Date of disclosure Index of disclosure
meeting participation
The “Resolution Notice of Annual
General Meeting of 2017” (No.:
Annual 2018-016) published on Securities
AGM of
general 37.76% 2018-02-27 2018-02-28 Times, Hong Kong Commercial Daily
2017
meeting and Juchao website
(http://www.cninfo.com.cn) dated 28
February 2018 respectively
2. Request for extraordinary general meeting by preferred stockholders whose voting rights restore
□ Applicable √ Not applicable
II. Profit distribution and capitalization of capital reserves in the Period
□ Applicable √ Not applicable
The Company has no plans of cash dividend distributed, no bonus shares and has no share converted from capital reserve either for
the semi-annual year
III. Commitments completed in Period and those without completed till end of the Period
from actual controller, shareholders, related parties, purchaser and companies
√Applicable □ Not applicable
Type of
Commit Comm
Implement
Commitments Promise commitme Content of commitments ment itment
ation
date term
nts
On May 30, 2007, Luoniushan Co., Ltd. made The
Commitm
Luonius ents for commitments in the Company’s "Instructions original
6
Commitments for han Share for reform of non-tradable shares" (Revision) 2017-06 plans of
month
Share Merger Reform Co., and "Instructions for reform of non-tradable -27 material
Merger s
Ltd Reform shares" (Abstract of revision) that in view of assets
Dadonghai Company’s losses in successive reorganizat
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司公限有份股心中游旅海东大南海 2018 文全告报度年半年
years and on the verge of delisting, in order to ion was
reverse the company's business difficulties, terminated
improve profitability and recover the
continuous business capacity, Luoniushan
Co., Ltd., the controlling shareholder of
Dadonghai Company made commitments to
actively seek restructuring parties to
reorganize the assets of Dadonghai Company
at the appropriate time.
Commitments in report
of acquisition or
equity change
Commitments in assets
reorganization
Commitments make in
initial public offering or
re-financing
Equity incentive
commitment
Other commitments for
medium and small
shareholders
Completed on time
N
(Y/N)
The company’s stock has been suspended since the opening on February 15, 2017 due to the planning and
fulfillment commitments of Luoniushan. On August 13, 2017, the consideration of the 11th interim meeting
of the eighth board of directors of the company failed to approve the “Proposal on Major Asset Purchase
and Related Transaction Report (Plan) of Hainan Dadonghai Tourism Centre (Holdings) Co., Ltd.” and
other 11 proposals. On August 15, 2017, the company issued an announcement to terminate this major asset
restructuring, and the company’s stock resumed trading on August 17th. Currently, the company has no
information that should be disclosed but not disclosed.
If the commitments is
On December 4, 2017, the board of directors and the board of supervisors of the company reviewed and
not fulfilled on time,
approved the Proposal on the Change of Commitment Period of the First Majority Shareholder of the
shall explain the specify
Company. Luoniushan Co., Ltd., the company’s first majority shareholder planned for a two-year extension
reason and the next
for the time limit of the company’s restructuring commitment since December 27, 2017, that is, the
work plan
deadline for the implementation of the restructuring commitment was changed to December 26, 2019. On
December 22, 2017, the company’s fourth extraordinary shareholders’ meeting in 2017 did not approve the
proposal.
On January 31, 2018, the company received the Notice on Planning for Suspension of Major Events sent by
Luoniushan Co., Ltd., the company’s largest shareholder, to plan and prepare the major issues related to the
company. Upon application by the company, the company’s stock (stock short name: Dadonghai A,
Dadonghai B, stock code: 000613, 200613) was suspended since the opening on January 31, 2018. Upon
17
司公限有份股心中游旅海东大南海 2018 文全告报度年半年
application by the company, the company’s stock resumed trading on February 8, 2018, and was transferred
to the major asset restructuring since the opening on February 14, 2018.
On June 25, 2018, the company held the third interim meeting of the ninth board of directors which
reviewed and approved the Proposal on Terminating the Planning for Major Asset Restructuring. After
careful study, the board of directors of the company decided to terminate the planning for this major asset
restructuring.
IV. Engagement and non-reappointment of CPA
Whether the semi-annual report was audited or not
□Yes √ No
The semi-annual report of the Company had no audited.
V. Explanation from the Board and Supervisory Committee for “Qualified Opinion” from the
CPA
□ Applicable √ Not applicable
VI. Explanation on “Qualified Opinion” of previous year from the Board
□ Applicable √ Not applicable
VII. Bankruptcy reorganization
□ Applicable √ Not applicable
In reporting period, the Company has no bankruptcy reorganization occurred.
VIII. Lawsuits
Significant lawsuits and arbitrations of the Company
□ Applicable √ Not applicable
The Company has no significant lawsuits and arbitrations in reporting period
Other lawsuits
□ Applicable √ Not applicable
IX. Penalty and rectification
□ Applicable √ Not applicable
The Company has no penalty and rectification in the Period
X. Integrity of the company and its controlling shareholders and actual controllers
□ Applicable √ Not applicable
18
司公限有份股心中游旅海东大南海 2018 文全告报度年半年
XI. Implementation of the company’s stock incentive plan, employee stock ownership plan or
other employee incentives
□ Applicable √ Not applicable
During the reporting period, the company has no stock incentive plan, employee stock ownership plan or other employee incentives
that have not been implemented.
XII. Major related transaction
1. Related transaction with routine operation concerned
√Applicable □Not applicable
Whet
Tradi
her
Relate ng Da
d over
Propo limit Availab te Inde
Type Conte transa the Clearin
Relate rtion
of nt of Pricin ction appro g form le of x of
Relati d in appro
Relate relate relate g amou for
onshi transa simila ved similar dis discl
d party d d princi nt ved related
p ction r
transa transa ple (in 10 (in 10 transact market clo osur
price transa limite
ction ction thousa ion
ctions thousa price sur e
nd d or
Yuan) nd e
not
Yuan)
(Y/N)
Same
Same as
as the
First the
Luoniu transact
majori Consu Acco transact
shan Marke Marke ion
ty mptio mmod 17.68 1.09% 0 Y ion with
Co., t price t price with
shareh n ation non-rel
Ltd. non-rel
older ated
ated
party
party
Total -- -- 17.68 -- 0 -- -- -- -- --
Detail of sales return with major
N/A
amount involved
Report the actual implementation of
the daily related transactions which
were projected about their total N/A
amount by types during the
reporting period
Reasons for major differences
between trading price and market Not applicable
reference price
19
司公限有份股心中游旅海东大南海 2018 文全告报度年半年
2. Related transactions by assets acquisition and sold
□ Applicable √ Not applicable
No related transactions by assets acquisition and sold for the Company in reporting period
3. Related transactions of mutual investment outside
□ Applicable √ Not applicable
No main related transactions of mutual investment outside for the Company in reporting period
4. Contact of related credit and debt
□ Applicable √ Not applicable
No contact of related credit or debt for the Company in the reporting period
5. Other material related transactions
□Applicable √Not applicable
The Company has no other material related transactions in the period
XIII. Non-business capital occupying by controlling shareholders and its related parties
□ Applicable √ Not applicable
No non-business capital occupied by controlling shareholders and its related parties in Period
XIV. Major contract and implantation
1. Trusteeship, contract and leasing
(1) Trusteeship
□ Applicable √ Not applicable
The Company had no trusteeship in the reporting period.
(2) Contract
□ Applicable √ Not applicable
The Company had no contract in the reporting period.
(3) Leasing
√Applicable □ Not applicable
Note of leasing
20
司公限有份股心中游旅海东大南海 2018 文全告报度年半年
Item Tenant Lease life Term of lease
B/F of the Hotel Ma Ming (Hainan Hangpai Food Co., 5 years 2016-01-01 to 2020-12-31
Ltd.)
Shopping mall –B/F Xu Jipeng 3 years 2016-11-15 to 2019-11-14
A/F ground floor Chen Junwei 3 years 2016-03-01 to 2019-02-28
Seaside stall and wood Sanya Leda Food Management Co., 5 years 2018-01-01 to 2022-12-31
house Ltd.
Seaside locker room Zhong Zhengao 3 years 2016-12-01 to 2019-11-30
Multi-functional meeting Sanya Haolide International Travel 5 years 2017-10-01 to 2022-09-30
room Agency Co., Ltd.
Gains/losses to the Company from projects that reached over 10% in total profit of the Company in reporting period
√Applicable □ Not applicable
Leasing The Whet
Leasin Basis
assets impact her
g for Asso
involved of be
Lease income determi ciatio
Name of Name of the Leasing in the Lease start leasing relate
terminatio (in 10 ning n
lessor leasing party assets amount date income d
n date thousa the relati
(in 10 on the trans
nd leasing on
thousand compan actio
Yuan) income
Yuan) y ns
The B/F
Ma Ming 2016-01-0 2020-12-3 Contrac
restaurant Increase
Compan (Hainan Hangpai 1,886 37.8 No N/A
in first 1 1 t income
y Food Co., Ltd. )
floor
The Sanya Leda Seaside
Food stall and 2018-01-0 2022-12-3 Contrac Increase
Compan 653 72.5 No N/A
Management wood 1 1 t income
y Co., Ltd. house
The
Seaside 2016-12-0 2019-11-3 Contrac Increase
Compan Zhong Zhengao locker 10 18 No N/A
1 0 t income
y room
Sanya Haolide Multi-fun
The
International ctional 2017-10-0 2022-09-3 Contrac Increase
Compan 190 15 No N/A
Travel Agency meeting 1 0 t income
y
Co., Ltd. room
2. Major Guarantee
□Applicable √ Not applicable
The Company had no guarantee in the reporting period.
21
司公限有份股心中游旅海东大南海 2018 文全告报度年半年
3. Other material contracts
□ Applicable √ Not applicable
No other material contracts for the Company in reporting period
XV. Social responsibility
1. Major environmental protection
Listed company and its subsidiary belongs to the key pollution enterprise listed by Department of Environmental Protection
Not applicable
2. Execution of social responsibility of targeted poverty alleviation
Nil
XVI. Explanation on other significant events
√Applicable □ Not applicable
1 The Lawyer’s Letter received by the Company: by preliminary accounting from Sanya Power Bureau, the
、
10313373 Kwh electricity was understated under the name of South China Hotel from July 2006 to April 2016.
Found more in “Notice of Lawyer’s Letter received by Hainan Dadonghai Tourism Center (Holdings) Co., Ltd.”
(Notice No.: 2016-016) released on Securities Times, Hong Kong Commercial Daily and Juchao Website dated 31
May 2016. The Company is communicated and negotiates with Sanya Power Bureau in the above mentioned
event without negotiation results so far.
2 、 The Lawyer ’ s Letter received by the Company: concerning the dispute on financial loans between joint stock enterprise- Hainan
Dadonghai Tourism Center Group Co., Ltd. (hereinafter referred to as Dadonghai Group) and original creditor- Sanya Branch of
People ’ s Construction Bank of China (hereinafter referred to as Sanya Branch of PCBC), the new creditor- Hainan Branch of China
Cinda Asset Management Corp. (hereinafter referred to as Hainan Cinda) now exercise the right of recourse, which including two
debts: the 1.1 million Yuan principal and its interest of 5.5983 million Yuan temporary reckoned till 30 April 2018, totally amounted
as 6.6983 million Yuan; the 5 million Yuan principal and its interest of 29.3117 million Yuan temporary reckoned till 30 April 2018,
totally amounted as 34.3117 million Yuan. Hainan Cinda claims that the Company shall assume joint and several liabilities for the
above mentioned debts if Dadonghai Group in condition of liquidation. Found more in “ Notice of Lawyer ’ s Letter received by
Hainan Dadonghai Tourism Center (Holdings) Co., Ltd ” (Notice No.: 2018-052) released on Securities Times, Hong Kong
Commercial Daily and Juchao Website dated 10 August 2018. Recently, the Company exercise checking and understanding on the
abovementioned events involved in Lawyer s Letter. ’
XVII. Significant event of subsidiary of the Company
√Applicable □ Not applicable
On May 11, 2018, the company held the 2nd interim meeting of the ninth board of directors which deliberated and
approved the Proposal on Investment in Establishing a Wholly-owned Subsidiary, and agreed the company to fund
and set up a wholly-owned subsidiary, Hainan Wengao Tourism Resources Development Co., Ltd., with its own
22
司公限有份股心中游旅海东大南海 2018 文全告报度年半年
funds of RMB 1 million. See details on the Announcement on the Resolution of the Second Interim Meeting of the
Ninth Board of Directors (Announcement No.: 2018-040) and the Announcement on the Investment in
Establishing a Wholly-owned Subsidiary (Announcement No.: 2018-043) that the company disclosed on the
Securities Times, Hong Kong Commercial Daily and www.cninfo.com.cn on May 12, 2018.
On June 6, 2018, the wholly-owned subsidiary has completed the industrial and commercial registration
procedures and obtained the Business License issued by Sanya Administration for Industry and Commerce of
Hainan Province, see details on the Announcement on the Progress of Investment in Establishing a Wholly-owned
Subsidiary that the company disclosed on the Securities Times, Hong Kong Commercial Daily and
www.cninfo.com.cn on June 7, 2018 (Announcement No.: 2018-046).
23
司公限有份股心中游旅海东大南海 2018 文全告报度年半年
Section VI. Particulars about Changes in Shares and Shareholders
I. Changes in Share Capital
1. Changes in Share Capital
In Share
Before the Change Increase/Decrease in the Change (+, -) After the Change
Capitaliz
New Ot
Proportio Bonus ation of Subt Proporti
Amount shares her Amount
n shares public otal on
issued s
reserve
I. Restricted shares 10,454,400 2.87% 0 0 10,454,400 2.87%
1. State-owned shares
2. State-owned corporate
2,323,200 0.64% 0 0 2,323,200 0.64%
shares
8,131,200 2.23% 0 0 8,131,200 2.23%
3. Other domestic shares
Including: Domestic
7,821,000 2.15% 0 0 7,821,000 2.15%
legal person shares
Domestic natural person
310,200 0.09% 0 0 310,200 0.09%
shares
II. Unrestricted shares 353,645,600 97.13% 0 0 353,645,600 97.13%
265,645,600 72.96% 0 0 265,645,600 72.96%
1. RMB common shares
2.Domestically listed
88,000,000 24.17% 88,000,000 24.17%
foreign shares
III. Total shares 364,100,000 100.00% 0 0 364,100,000 100.00%
Reasons for share changed
√ Applicable □ Not applicable
And during the follow-up process of non-tradable shares reform, relevant shares are released in line with relevant
regulations and some of the shareholders are repaying the advance money for another, thus the share structure of
the Company changed in the Period while total shares remain the same.
Approval of share changed
□ Applicable √ Not applicable
Ownership transfer of share changes
□ Applicable √ Not applicable
24
司公限有份股心中游旅海东大南海 2018 文全告报度年半年
Influence on the basic EPS and diluted EPS as well as other financial indexes of net assets per share attributable to common
shareholders of Company in latest year and period
□ Applicable √ Not applicable
Other information necessary to disclose or need to disclosed under requirement from security regulators
□ Applicable √ Not applicable
2. Changes of restricted shares
√ Applicable □ Not applicable
In Share
Number Number
Number of
of of new Number of
shares
shares shares shares Restriction
Shareholders’ name restricted at Released date
released restricte restricted at reasons
Period-begi
in the d in the Period-end
n
Year Year
Legal After relevant reimbursement
Ma Xiaoping 132,000 0 0 132,000 commitment in and unrestricted procedures
share reform completed x
Legal After relevant reimbursement
Zheng Youxiong 46,200 0 0 46,200 commitment in and unrestricted procedures
share reform completed x
Legal After relevant reimbursement
Xiao Tiefeng 132,000 0 0 132,000 commitment in and unrestricted procedures
share reform completed x
Legal After relevant reimbursement
Sanya Real Estate Valuation Agent 924,000 0 0 924,000 commitment in and unrestricted procedures
share reform completed x
Hainan Hong Kong-Macao Legal After relevant reimbursement
International Trade Development 924,000 0 0 924,000 commitment in and unrestricted procedures
Co., Ltd. share reform completed x
Legal After relevant reimbursement
Haikou Dongfang Urban credit
924,000 0 0 924,000 commitment in and unrestricted procedures
Cooperative
share reform completed x
Legal After relevant reimbursement
Hainan Branch of Bank of
924,000 0 0 924,000 commitment in and unrestricted procedures
Communications Co., Ltd.
share reform completed x
Legal After relevant reimbursement
Shenyang Jin’an Industrial
831,600 0 0 831,600 commitment in and unrestricted procedures
Corporation
share reform completed x
Sanya Wangli Building Materials Legal After relevant reimbursement
92,400 0 0 92,400
Sales commitment in and unrestricted procedures
25
司公限有份股心中游旅海东大南海 2018 文全告报度年半年
share reform completed x
Legal After relevant reimbursement
Guangzhou Company of Hainan
660,000 0 0 660,000 commitment in and unrestricted procedures
International Investment Co., Ltd.
share reform completed x
Legal After relevant reimbursement
Southern Industrial and Trading
660,000 0 0 660,000 commitment in and unrestricted procedures
Corporation
share reform completed x
Legal After relevant reimbursement
Guangzhou Dongzhan Industrial
924,000 0 0 924,000 commitment in and unrestricted procedures
Co. LTD
share reform completed x
Legal After relevant reimbursement
Sanya Zhongxing Development
2,541,000 0 0 2,541,000 commitment in and unrestricted procedures
Co., Ltd.
share reform completed x
Legal After relevant reimbursement
Hainan Dadonghai Tourism Co. 739,200 0 0 739,200 commitment in and unrestricted procedures
share reform completed x
Total 10,454,400 0 0 10,454,400 -- --
II. Securities issuance and listing
□ Applicable √ Not applicable
III. Amount of shareholders of the Company and particulars about shares holding
In Share
Total common stock shareholders in reporting Total preference shareholders with voting
46,487 0
period-end rights recovered at end of reporting period
Particulars about common shares held above 5% by shareholders or top ten common shareholders
Number of
share
Number of Amount pledged/fr
Proporti common Changes of Amount of ozen
Nature of on of
Full name of Shareholders shares held in report restricted un-restricted A
shareholder shares
held at period shares shares held State m
period-end held of o
share u
nt
Domestic non
Luoniushan Co., Ltd. state-owned 17.55% 63,885,980 0 0 63,885,980
corporate
26
司公限有份股心中游旅海东大南海 2018 文全告报度年半年
Domestic nature
Pan Guoping 8.24% 29,989,791 -890000 29,989,791
person
HGNH International Asset
Management Co., Ltd – Foreign corporate 2.29% 8,327,502 0 0 8,327,502
customer deposit
Domestic non
Hainan Ya’an Residence Property
state-owned 2.25% 8,205,800 0 0 8,205,800
Service Co., Ltd.
corporate
China Investment Securities
(HK) Co., Ld. – customer Foreign corporate 1.30% 4,722,300 0 0 4,722,300
deposit
Domestic nature
Zhang Fengxiu 1.07% 3,901,372 0 0 3,901,372
person
Domestic nature
Ouyang Chunlin 0.92% 3,360,000 0 0 3,360,000
person
CITRINE CAPITAL LIMITED Foreign corporate 0.90% 3,265,200 0 0 3,265,200
Domestic nature
Hu Jianguo 0.82% 2,993,940 -3233700 0 2,993,940
person
Domestic nature
Sun Huiming 0.79% 2,888,690 0 0 2,888,690
person
Strategy investors or general legal person becomes top
N/A
10 common shareholders due to rights issued
Among the above shareholders, Hainan Ya’an Residence Property Service Co.,
Ltd. is the wholly-owned subsidiary of Luoniushan Co., Ltd. The Company is
Explanation on associated relationship or accordant
unknown whether there exists associated relationship or belongs to the consistent
action among the aforesaid shareholders
actor regulated by the Management Measure of Information Disclosure on
Change of Shareholding for Listed Company among the other shareholders.
Particular about top ten shareholders with un-restrict common shares held
Amount of Type of shares
un-restrict
Shareholders’ name common shares
Type Amount
held at
Period-end
Luoniushan Co., Ltd. 63,885,980 RMB common share 63,885,980
Pan Guoping 29,989,791 Domestically listed foreign share 29,989,791
HGNH International Asset Management Co., Ltd –
8,327,502 RMB common share 8,327,502
customer deposit
Hainan Ya’an Residence Property Service Co., Ltd. 8,205,800 RMB common share 8,205,800
27
司公限有份股心中游旅海东大南海 2018 文全告报度年半年
China Investment Securities (HK) Co., Ld. – customer
4,722,300 RMB common share 4,722,300
deposit
Zhang Fengxiu 3,901,372 RMB common share 3,901,372
Ouyang Chunlin 3,360,000 RMB common share 3,360,000
CITRINE CAPITAL LIMITED 3,265,200 Domestically listed foreign share 3,265,200
Hu Jianguo 2,993,940 RMB common share 2,993,940
Sun Huiming 2,888,690 Domestically listed foreign share 2,888,690
Expiation on associated relationship or consistent Among the above shareholders, Hainan Ya’an Residence Property Service Co.,
actors within the top 10 un-restrict common stock Ltd. is the wholly-owned subsidiary of Luoniushan Co., Ltd. The Company is
shareholders and between top 10 un-restrict common unknown whether there exists associated relationship or belongs to the consistent
stock shareholders and top 10 common stock actor regulated by the Management Measure of Information Disclosure on
shareholders Change of Shareholding for Listed Company among the other shareholders.
Explanation on shareholders involving margin
business about top ten common stock shareholders N/A
with un-restrict shares held
Whether top ten common stock shareholders or top ten common stock shareholders with un-restrict shares held have a buy-back
agreement dealing in reporting period
□ Yes √ No
The top ten common stock shareholders or top ten common stock shareholders with un-restrict shares held of the Company have no
buy-back agreement dealing in reporting period.
IV. Changes of controlling shareholders or actual controller
Changes of controlling shareholders in reporting period
□ Applicable √ Not applicable
Changes of controlling shareholders had no change in reporting period.
Changes of actual controller in reporting period
□ Applicable √ Not applicable
Changes of actual controller in reporting period had no change in reporting period.
28
司公限有份股心中游旅海东大南海 2018 文全告报度年半年
Section VII. Preferred Stock
□ Applicable √ Not applicable
The Company had no preferred stock in the Period.
29
司公限有份股心中游旅海东大南海 2018 文全告报度年半年
Section VIII. Particulars about Directors, Supervisors, Senior
Executives and Employees
I. Changes of shares held by directors, supervisors and senior executives
√Applicable □ Not applicable
Amoun
Number of Number of
t of Amount Shares Number of
Shares restricted restricted
shares of shares held at restricted
held at shares shares
Workin increas decrease period- shares
Name Title period-b delegated delegated
g status ed in d in this end delegated at
egin at in the
this period (Share period-end
(Share) period-begi period
period (Share) ) (Share)
n (Share) (Share)
(Share)
Yuan Currentl
Chairman,
Xiaopin General y in 0 0 0 0 0 0 0
Manager
g office
Tang Currentl
Shanron Director y in 0 0 0 0 0 0 0
g office
Currentl
Tang Independent
y in 0 0 0 0 0 0 0
Guoping Director
office
Currentl
Independent
Wu Tao y in 0 0 0 0 0 0 0
Director
office
Currentl
Zhang
Supervisor y in 0 0 0 0 0 0 0
Xuli
office
Leave
Li Chairman,
General the 0 0 0 0 0 0 0
Yuanbin Manager
office
Leave
Zhao Independent
the 0 0 0 0 0 0 0
Man Director
office
Leng Independent Leave
0 0 0 0 0 0 0
Mingqua Director the
30
司公限有份股心中游旅海东大南海 2018 文全告报度年半年
n office
Leave
Liu
Director the 0 0 0 0 0 0 0
Juntao
office
Director &
Vice Currentl
Wang
Hongjua president & y in 0 0 0 0 0 0 0
n
secretary of office
the Board
Currentl
Huang
Supervisor y in 0 0 0 0 0 0 0
Wencai
office
Leave
Wang
Supervisor the 0 0 0 0 0 0 0
Jialing
office
Currentl
Fu
CFO y in 0 0 0 0 0 0 0
Zongren
office
Currentl
Chen
Supervisor y in 0 0 0 0 0 0 0
Gang
office
Total -- -- 0 0 0 0 0 0 0
II. Changes of directors, supervisors and senior executives
√Applicable □ Not applicable
Name Title Type Data Reason
Chairman, The office term of 8th BOD expired, and serves as chairman of the 9th
Yuan Xiaoping General Be elected 2018-02-28
Manager BOD in the Company. And was appointed as GM
The office term of 8th BOD expired, and serves as Director of the 9th
Tang Shanrong Director Be elected 2018-02-28
BOD in the Company.
Independent The office term of 8th BOD expired, and serves as Independent Director
Tang Guoping Be elected 2018-02-28
Director of the 9th BOD in the Company.
Independent The office term of 8th BOD expired, and serves as Independent Director
Wu Tao Be elected 2018-02-28
Director of the 9th BOD in the Company.
The office term of 8th supervisory committee expired, and serves as
Stockholder'
Huang Wencai Be elected 2018-02-28 shareholder supervisory/chairman of the supervisory committee of the 9th
s Supervisor
BOD in the Company.
Staff The office term of 8th supervisory committee expired, and serves as staff
Chen Gang Be elected 2018-02-28
Supervisor supervisor of the 9th supervisory committee in the Company.
31
司公限有份股心中游旅海东大南海 2018 文全告报度年半年
Stockholder' The office term of 8th supervisory committee expired, and serves as
Zhang Xuli Be elected 2018-02-28
s Supervisor shareholder supervisor of the 9th supervisory committee in the Company.
Office
Chairman, leaving for
Li Yuanbin General 2018-02-27 Office leaving for term expired
Manager term
expired
Office
Independent leaving for 2018-02-27a
Zhao Man Office leaving for term expired
Director term ppoi
expired
Office
Independent leaving for
Leng Mingquan 2018-02-27 Office leaving for term expired
Director term
expired
Office
leaving for
Liu Juntao Director 2018-02-27 Office leaving for term expired
term
expired
Office
Staff leaving for
Wang Jialing 2018-02-27 Office leaving for term expired
Supervisor term
expired
Director &
Vice The office term of 8th BOD expired, and serves as Director of the 9th
Wang Hongjuan president & Be elected 2018-02-28 BOD in the Company. And was re-appointed as deputy GM/Secretary of
secretary of the Board/Securities affairs representative
the Board
Appointm
Fu Zongren CFO 2018-03-06 Re-appointed as person in charge of fiancé in the Company
ent
32
司公限有份股心中游旅海东大南海 2018 文全告报度年半年
Section IX. Corporate Bond
Whether the Company has a corporation bonds that issuance publicly and listed on stock exchange and without due on the date when
semi-annual report approved for released or fail to cash in full on due
No
33
司公限有份股心中游旅海东大南海 2018 文全告报度年半年
Section X. Financial Report
I. Audit report
Whether the semi annual report is audited
□ Yes √ No
The company's semi annual financial report has not been audited.
II. Financial Statement
Expressed in Renminbi unless otherwise stated
1. Balance sheet
Prepared by HAINAN DADONGHAI TOURISM CENTER (HOLDINGS) CO., LTD.
2018-06-30
In RMB
Item Closing Balance Opening Balance
Current assets:
Monetary funds 10,751,658.64 9,681,607.16
Settlement funds
Lending funds
Financial assets measured by fair value and with variation reckoned into
current gains/losses
Derivative financial liability
Notes receivable
Accounts receivable 266,236.51 594,130.89
Prepayments 43,206.84 49,530.21
Insurance receivable
Reinsurance receivables
Contract reserve of reinsurance receivable
Interest receivable
Dividends receivable
Other receivables 800,136.44 139,561.29
Purchase restituted finance asset
Inventories 264,620.69 227,005.11
Assets held for sale
34
司公限有份股心中游旅海东大南海 2018 文全告报度年半年
Non-current assets maturing within one year 716,972.51 1,173,597.68
Other current assets 2,195,699.54 1,957,863.56
Total current assets 15,038,531.17 13,823,295.90
Non-current assets:
Loans and payments on behalf
Available-for-sale financial assets
Held-to-maturity investments
Long-term receivables
Long-term equity investments 1,000,000.00
Investment real estate 8,621,742.21 8,859,003.99
Fixed assets 38,017,199.39 39,088,708.83
Construction in progress
Project materials
Disposal of fixed assets
Productive biological assets
Oil and natural gas assets
Intangible assets 22,611,442.62 23,017,636.20
Research and development costs
Goodwill
Long-term deferred expenses 2,678,016.88 2,678,016.88
Deferred tax assets
Other non-current assets
Total non-current assets 72,928,401.10 73,643,365.90
Total assets 87,966,932.27 87,466,661.80
Current liabilities
Short-term borrowings
Loan from central bank
Absorbing deposit and interbank deposit
Capital borrowed
Financial liability measured by fair value and with variation reckoned into
current gains/losses
Derivative financial liability
Notes payable
Accounts payable 1,651,770.31 2,161,172.26
Accounts received in advance 1,057,513.07 1,271,174.12
Selling financial asset of repurchase
35
司公限有份股心中游旅海东大南海 2018 文全告报度年半年
Commission charge and commission payable
Wage payable 1,984,463.35 2,459,015.93
Taxes payable 471,349.26 539,023.76
Interest payable
Dividend payable
Other accounts payable 2,894,571.56 2,411,176.59
Reinsurance payables
Insurance contract reserve
Security trading of agency
Security sales of agency
Liability held for sale
Non-current liabilities due within 1 year
Other current liabilities
Total current liabilities 8,059,667.55 8,841,562.66
Non-current liabilities:
Long-term loans
Bonds payable
Including: preferred stock
Perpetual capital securities
Long-term account payable
Long-term wages payable
Special accounts payable
Projected liabilities 1,489,685.04 1,489,685.04
Deferred income
Deferred income tax liabilities
Other non-current liabilities
Total non-current liabilities 1,489,685.04 1,489,685.04
Total liabilities 9,549,352.59 10,331,247.70
Owners’ equity:
Share capita 364,100,000.00 364,100,000.00
Other equity instrument
Including: preferred stock
Perpetual capital securities
Capital public reserve 54,142,850.01 54,142,850.01
Less: Inventory shares
Other comprehensive income
Reasonable reserve
36
司公限有份股心中游旅海东大南海 2018 文全告报度年半年
Surplus reserve
Provision of general risk
Retained profit -339,825,270.33 -341,107,435.91
Total owner’s equity attributable to parent Company 78,417,579.68 77,135,414.10
Minority interests
Total owner’s equity 78,417,579.68 77,135,414.10
Total liabilities and owner’s equity 87,966,932.27 87,466,661.80
Legal Representative: Yuan Xiaoping
Accounting Principal: Fu Zongren
Accounting Firm’s Principal: Fu Zongren
2. Profit statement
In RMB
Item Current Period Last Period
I. Total operating income 16,173,929.32 15,096,273.42
Including: Operating income 16,173,929.32 15,096,273.42
Interest income
Insurance gained
Commission charge and commission income
II. Total operating cost 14,891,558.76 13,377,279.62
Including: Operating cost 6,000,063.36 5,256,112.51
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 716,520.90 754,244.27
Sales expenses 2,800,956.10 2,458,144.93
Administration expenses 5,356,455.21 5,089,450.57
Financial expenses 17,563.19 -180,672.66
Losses of devaluation of asset
37
司公限有份股心中游旅海东大南海 2018 文全告报度年半年
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 “-”)
Income on disposal of assets (Loss is listed with “-”)
Other income
III. Operating profit (Loss is listed with “-”) 1,282,370.56 1,718,993.80
Add: Non-operating income 273.00 260.00
Less: Non-operating expense 477.98
IV. Total Profit (Loss is listed with “-”) 1,282,165.58 1,719,253.80
Less: Income tax
V. Net profit (Net loss is listed with “-”) 1,282,165.58 1,719,253.80
(i) continuous operating net profit (net loss listed with ‘-”)
(ii) termination of net profit (net loss listed with ‘-”)
Net profit attributable to owner’s equity of parent Company 1,282,165.58 1,719,253.80
Minority shareholders’ gains and losses
VI. Net after-tax of other comprehensive income
Net after-tax of other comprehensive income attributable to owners of
parent company
(I) Other comprehensive income items which will not be
reclassified subsequently to profit of loss
1. Changes as a result of re-measurement of net defined
benefit plan liability or asset
2. Share of the other comprehensive income of the investee
accounted for using equity method which will not be reclassified
subsequently to profit and loss
(II) Other comprehensive income items which will be reclassified
subsequently to profit or loss
1. Share of the other comprehensive income of the investee
accounted for using equity method which will be reclassified
subsequently to profit or loss
2. Gains or losses arising from changes in fair value of
available-for-sale financial assets
3. Gains or losses arising from reclassification of
held-to-maturity investment as available-for-sale financial assets
4. The effect hedging portion of gains or losses arising from
38
司公限有份股心中游旅海东大南海 2018 文全告报度年半年
cash flow hedging instruments
5. Translation differences arising on translation of foreign
currency financial statements
6. Other
Net after-tax of other comprehensive income attributable to minority
shareholders
VII. Total comprehensive income 1,282,165.58 1,719,253.80
Total comprehensive income attributable to owners of parent
1,282,165.58 1,719,253.80
Company
Total comprehensive income attributable to minority shareholders
VIII. Earnings per share:
(i) Basic earnings per share 0.0035 0.0047
(ii) Diluted earnings per share 0.0035 0.0047
Legal Representative: Yuan Xiaoping
Accounting Principal: Fu Zongren
Accounting Firm’s Principal: Fu Zongren
3. Cash flow statement
In RMB
Item Current Period Last Period
I. Cash flows arising from operating activities:
Cash received from selling commodities and providing labor services 17,460,137.72 15,736,183.76
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
Insured savings and net increase of investment
Net increase of amount from disposal financial assets that measured by
fair value and with variation reckoned into current gains/losses
Cash received from interest, commission charge and commission
Net increase of capital borrowed
Net increase of returned business capital
Write-back of tax received
39
司公限有份股心中游旅海东大南海 2018 文全告报度年半年
Other cash received concerning operating activities 684,152.64 677,415.38
Subtotal of cash inflow arising from operating activities 18,144,290.36 16,413,599.14
Cash paid for purchasing commodities and receiving labor service 5,026,699.13 3,826,391.38
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 6,741,602.32 5,608,808.99
Taxes paid 1,590,739.15 1,610,025.50
Other cash paid concerning operating activities 1,674,572.16 2,137,300.17
Subtotal of cash outflow arising from operating activities 15,033,612.76 13,182,526.04
Net cash flows arising from operating activities 3,110,677.60 3,231,073.10
II. Cash flows arising from investing activities:
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 and other long-term assets 1,040,626.12 1,333,145.20
Cash paid for investment 1,000,000.00
Net increase of mortgaged loans
Net cash received from subsidiaries and other units
Other cash paid concerning investing activities 9,000,000.00
Subtotal of cash outflow from investing activities 2,040,626.12 10,333,145.20
Net cash flows arising from investing activities -2,040,626.12 -10,333,145.20
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 19,810,000.00
Subtotal of cash inflow from financing activities 19,810,000.00
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司公限有份股心中游旅海东大南海 2018 文全告报度年半年
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 29,810,000.00
Subtotal of cash outflow from financing activities 29,810,000.00
Net cash flows arising from financing activities -10,000,000.00
IV. Influence on cash due to fluctuation in exchange rate
V. Net increase of cash and cash equivalents 1,070,051.48 -17,102,072.10
Add: Balance of cash and cash equivalents at the period -begin 9,681,607.16 27,210,248.01
VI. Balance of cash and cash equivalents at the period -end 10,751,658.64 10,108,175.91
Legal Representative: Yuan Xiaoping
Accounting Principal: Fu Zongren
Accounting Firm’s Principal: Fu Zongren
4. Statement on Changes of Owners’ Equity
Current period
In RMB
Current Period
Owners’ equity attributable to the parent Company
L O P
e t r
R M
s h o
e i
s e v
a S n
: r i
s u o
s
o r r
I c i
n p i
n o o
a l t
v m n
b u y
Other e p
Item l s Total owners’
equity n r o
Share capital Capital reserve e Retained profit i equity
instru t e f
r n
ment o h
r e t
r e g
e s e
y n e
s e r
s n
e r e
s i e
r v s
h v r
v e t
a e a
e s
r l
e i
s n r
41
司公限有份股心中游旅海东大南海 2018 文全告报度年半年
c i
o s
m k
e
P
e
r
p
e
t
u
P
a
r
l
e
f
c
e
a
r
p O
r
i t
e
t h
d
a e
l r
s
t
s
o
e
c
c
k
u
r
i
t
i
e
s
I. Balance at the end of the last
364,100,000.00 54,142,850.01 -341,107,435.91 77,135,414.10
year
Add: Changes of accounting
policy
Error correction of the
last period
Enterprise combine
under the same control
Other
II. Balance at the beginning of this
364,100,000.00 54,142,850.01 -341,107,435.91 77,135,414.10
year
III. Increase/ Decrease in this year
1,282,165.58 1,282,165.58
(Decrease is listed with “-”)
(i) Total comprehensive income 1,282,165.58 1,282,165.58
(ii) Owners’ devoted and
decreased capital
1.Common shares invested by
shareholders
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司公限有份股心中游旅海东大南海 2018 文全告报度年半年
2. Capital invested by holders of
other equity instruments
3. Amount reckoned into owners
equity with share-based payment
4. Other
(III) Profit distribution
1. Withdrawal of surplus reserves
2. Withdrawal of general risk
provisions
3. Distribution for owners (or
shareholders)
4. Other
(IV) Carrying forward internal
owners’ equity
1. Capital reserves conversed to
capital (share capital)
2. Surplus reserves conversed to
capital (share capital)
3. Remedying loss with surplus
reserve
4. Other
(V) Reasonable reserve
1. Withdrawal in the report period
2. Usage in the report period
(VI)Others
IV. Balance at the end of the report
364,100,000.00 54,142,850.01 -339,825,270.33 78,417,579.68
period
Last Period
In RMB
Last Period
Owners’ equity attributable to the parent Company
Other L O R P M
equity e t e r i
instru s h a S o n
ment s e s u v o
P P : r o r i r
r e n p s i
e r I c a l i t
f p n o b u o y
Item e e v m l s n Total owners’
Share capital r t O Capital reserve e p e Retained profit i equity
r u t n r r o n
e a h t e r e f t
d l e o h e s e
r r e s e g r
s c y n e r e e
t a s r v n s
o p s i v e e t
c i h v e r s
k t a e a
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司公限有份股心中游旅海东大南海 2018 文全告报度年半年
a r l
l e i
s n r
s c i
e o s
c m k
u e
r
i
t
i
e
s
I. Balance at the end of the last year 364,100,000.00 54,142,850.01 -343,966,434.57 74,276,415.44
Add: Changes of accounting
policy
Error correction of the last
period
Enterprise combine under
the same control
Other
II. Balance at the beginning of this
364,100,000.00 54,142,850.01 -343,966,434.57 74,276,415.44
year
III. Increase/ Decrease in this year
1,719,253.80 1,719,253.80
(Decrease is listed with “-”)
(i) Total comprehensive income 1,719,253.80 1,719,253.80
(ii) Owners’ devoted and decreased
capital
1.Common shares invested by
shareholders
2. Capital invested by holders of
other equity instruments
3. Amount reckoned into owners
equity with share-based payment
4. Other
(III) Profit distribution
1. Withdrawal of surplus reserves
2. Withdrawal of general risk
provisions
3. Distribution for owners (or
shareholders)
4. Other
(IV) Carrying forward internal
owners’ equity
1. Capital reserves conversed to
capital (share capital)
2. Surplus reserves conversed to
capital (share capital)
3. Remedying loss with surplus
reserve
4. Other
44
司公限有份股心中游旅海东大南海 2018 文全告报度年半年
(V) Reasonable reserve
1. Withdrawal in the report period
2. Usage in the report period
(VI)Others
IV. Balance at the end of the report
364,100,000.00 54,142,850.01 -342,247,180.77 75,995,669.24
period
Legal Representative: Yuan Xiaoping
Accounting Principal: Fu Zongren
Accounting Firm’s Principal: Fu Zongren
III. Company profile
Hainan Dadonghai Tourism Centre (Holdings) Co., Ltd. (hereinafter referred to as the "Company") is a
standardized company limited by shares established on April 26, 1993 and restructured from Hainan Sanya
Dadonghai Tourism Centre Development Co., Ltd. with the approval of Hainan Shareholding System Pilot Group
office via its Document Qiong Gu Ban Zi [1993] No.11.On May 6, 1996, the Company was reorganized and
separated with the reply of Hainan Securities Management Office by its Document Qiong Zheng Ban [1996]
No.58.On October 8, 1996 and January 28, 1997,the Company was approved to respectively issue 80 million B
shares and 14 million A shares on Shenzhen Stock Exchange and list for sales. On June 20, 2007, the Company
carried out the split share structure reform. The non-tradable shareholders of the Company paid shares to the
tradable shareholders for obtaining the circulation rights, and the tradable shareholders got 3 shares for every 10
shares. The Company belongs to tourism and catering service industry.
As at June 30, 2018, the Company's accumulative total issued capital was 364.1 million shares and the Company's
registered capital was RMB 364.1 million. Legal representative: Li Yuanbin. Unified social credit code:
91460000201357188U.Domicile: Dadonghai, Hedong District, Sanya. Business scope: Accommodation and
catering industry (limited to branches); photography; flower bonsai, knitwear, general merchandise, hardware,
chemical products (except franchised operations), daily necessities, industrial means of production (except
franchised operations), metal materials, machinery equipment; sales of train, bus, vehicle tickets on an agent basis
etc. The Company's largest shareholder is Luoniushan Co., Ltd.
The financial statements were approved by the board of directors of the Company on August 9, 2018 for
disclosure.
As at June 30, 2018, the subsidiaries included into the Company's scope of consolidated financial statements are
as follows:
Name Relationship with the Company
Hainan Dadonghai Tourism Centre (Holdings) Co., Ltd. South
China Hotel (hereinafter referred to as "the South China Branch
45
司公限有份股心中游旅海东大南海 2018 文全告报度年半年
Hotel")
IV. Basis of preparation of the financial statements
1. Preparation basis
Based on going concern and according to actually occurred transactions and events, the Company prepared
financial statements in accordance with the Accounting Standards for Business Enterprises — Basic Standards and
the specific accounting standards, Application Guidance to the Accounting Standards for Business Enterprises, the
interpretation of the Accounting Standards for Business Enterprises and other relevant provisions (hereinafter
referred to collectively as the "Accounting Standards for Business Enterprises"), as well as the disclosure
provisions of the Rules for the Compilation and Submission of Information Disclosure by Companies Offering
Securities to the Public No.15 - General Requirements for Financial Reports (Revised in 2014).
2 Going concern
The Company currently has sufficient working capital and normal operating conditions. It is estimated that the
operating activities of the Company will continue in the next 12 months.
V. Significant accounting policies and accounting estimates
Specific accounting policies and estimation attention:
The main accounting policies and accounting estimates of the Company had no change.
1. Statement on compliance with the Accounting Standards for Business Enterprises
The financial statements prepared by the Company comply with the requirements of the Accounting Standards for
Business Enterprises, and truly and completely present the financial position, operating results, cash flows of the
Company and other related information.
2. Accounting period
The accounting year is from January 1 to December 31 in calendar year.
3. Operating cycle
The Company's operating cycle is 12 months.
4. Reporting currency
The Company adopts RMB as its reporting currency.
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司公限有份股心中游旅海东大南海 2018 文全告报度年半年
5. Accounting Treatment Method for Business Combinations (under the same/different control)
6. Preparation method for consolidated financial statement
7. Joint arrangement classification and accounting treatment for joint operations
8. Recognition criteria of cash and cash equivalents
For the purpose of preparing the statement of cash flows, the term “cash” refers to the cash on hand and the
unrestricted deposit of the Company. The term “cash equivalents” refers to short-term (maturing within three
months from acquisition) and highly liquid investments that are readily convertible to known amounts of cash and
which are subject to an insignificant risk of change in value.
9. Foreign currency business and foreign currency statement conversion
Foreign currency transactions will be translated at the spot exchange rate on the transaction date and be accounted
for at RMB.
The balance of foreign currency monetary items are translated at the spot exchange rate on the balance sheet date
and the exchange differences arising therefrom shall be included in the current profit and loss, except those
exchange differences arising from the special borrowings of foreign currency related to the acquired and
constructed assets qualified for capitalization that will be capitalized at the borrowing expenses. Foreign currency
non-monetary items measured at historical costs shall still be converted at the spot exchange rates when the
transactions occur, without changing the functional currency amount. Foreign currency non-monetary items
measured at fair value shall be translated at the spot exchange rates on the day when the fair value is determined.
The exchange difference arising therefrom is included in the current profit and loss or capital reserves.
10. Financial instruments
Financial instruments include financial assets, financial liabilities and equity instruments.
10.1 Classification of financial instruments
Upon initial recognition, financial assets and financial liabilities are classified into: financial assets or financial
liabilities measured at fair value through current profit and loss, including financial assets or financial liabilities
held for trading and financial assets or financial liabilities directly designated to be measured at fair value through
current profit and loss; held-to-maturity investments; receivables; available-for-sale financial assets; and other
financial liabilities, etc.
10.2 Recognition and measurement of financial instruments
(1) Financial assets (financial liabilities) measured at fair value through current profit and loss
Financial assets (financial liabilities) measured at fair value through current profit and loss are initially recognized
at the fair value upon acquisition (net of cash dividends declared but not yet paid or bond interest due but not yet
47
司公限有份股心中游旅海东大南海 2018 文全告报度年半年
received) and the related transaction costs are included in current profit and loss.
The interests or cash dividends to be received during the holding period are recognized as investment income.
Change in fair values is included in the current profit and loss at the end of the period.
The difference between the fair value and the initial book-entry value is recognized as investment income upon
disposal; meanwhile, adjustments are made to profits or losses from changes in fair values.
(2) Held-to-maturity investments
Held-to-maturity investments are initially recognized at the sum of the fair value (net of bond interest due but not
yet received) and related transaction costs upon acquisition.
The interest income is calculated and recognized according to amortized costs and effective interest rates (as per
coupon rates if the difference between effective interest rates and coupon rates is small) during the holding period,
and is included in the investment income. The effective interest rates are determined upon acquisition and remain
unchanged during the expected remaining period, or a shorter period if applicable.
Upon disposal, the difference between the purchase price obtained and the book value of the investment is
recognized in investment income.
(3) Receivables
For creditor’s rights receivable arising from external sales of goods or rendering of service by the Company and
other creditor's rights of other enterprises (excluding liability instruments quoted in an active market) held by the
Company, including accounts receivable, other receivables, notes receivable, prepayment and others, the initial
recognition amount shall be the contract price or agreement price receivable from purchasing party; for those with
financing nature, they are initially recognized at their present values.
Upon recovery or disposal, the difference between the purchase price obtained and the book value of the
receivables is recognized in current profit and loss.
(4) Available-for-sale financial assets
Financial assets (financial liabilities) measured at fair value through current profit and loss are initially recognized
at the fair value and related transaction expenses upon acquisition (net of cash dividends declared but not yet paid
or bond interest due but not yet received).
The interests or cash dividends to be received during the holding period are recognized as investment income. The
interest or cash dividends should be measured at fair value and their changes in fair value should be included in
other comprehensive income. However, for an equity instrument investment that has no quoted price in an active
market and whose fair value cannot be reliably measured, and for derivative financial asset linked to the said
equity instrument investment and settled by delivery of the same equity instrument, they shall be measured at cost.
Difference between the proceeds and the book value of the financial assets is recognized as investment profit or
loss upon disposal; meanwhile, amount of disposal corresponding to the accumulated change in fair value which
is originally and directly included in other comprehensive income shall be transferred out and recognized as
investment gains or losses.
(5) Other financial liabilities
Other financial liabilities are initially recognized at the sum of fair value and transaction expenses, and
subsequently measured at amortized costs. Subsequent measurement is conducted at the amortized cost.
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司公限有份股心中游旅海东大南海 2018 文全告报度年半年
10.3 Recognition and measurement of transfer of financial assets
When a financial assets transfer occurs, the financial assets will be derecognized when substantially all the risks
and rewards on the ownership of the financial assets have been transferred to the transferee; and they will not be
derecognized if substantially all the risks and rewards on the ownership of the financial assets have been retained.
When determining whether the transfer of a financial asset meets the above de-recognition criteria of financial
assets, the Company adopts the principle of substance over form. The Company classifies the transfer of a
financial asset into the entire transfer and the partial transfer of financial asset. Where the entire transfer of the
financial asset meets the de-recognition conditions, the difference of the following two amounts will be included
in current profit and loss:
(1) The book value of the transferred financial asset;
(2) The sum of the consideration received from the transfer and the accumulated amount of the changes in fair
value originally and directly included in owners’ equity (the situation where the financial asset transferred is an
available-for-sale financial asset is involved in).
If the partial transfer of financial asset satisfies the criteria for de-recognition, the entire book value of the
transferred financial asset shall be split into the derecognized and recognized part according to their respective fair
value and the difference between the amounts of the following two items shall be included in the current profit
and loss:
(1) The book value of the derecognized part;
(2) The sum of the consideration for the derecognized part and the portion of de-recognition corresponding to the
accumulated amount of the changes in fair value originally and directly included in owners’ equity (the situation
where the financial asset transferred is an available-for-sale financial asset is involved in).
If the transfer of financial assets does not meet the de-recognition criteria, the financial assets shall continue to be
recognized, and the consideration received will be recognized as a financial liability.
10.4 De-recognition criteria of financial liabilities
Where the present obligations of financial liabilities have been discharged in whole or in part, the financial
liability is derecognized or any part thereof will be derecognized; if the Company signs an agreement with
creditors to replace the existing financial liabilities by undertaking new financial liabilities, and the new financial
liabilities are substantially different from the existing ones in terms of contract terms, the existing financial
liabilities will be derecognized, and at the same time, the new financial liability will be recognized.
Where substantive changes are made to the contract terms of existing financial liability in whole or in part, the
existing financial liabilities or part thereof will be derecognized, and the financial liability the terms of which have
been modified will be recognized as a new financial liability.
Where financial liabilities are derecognized is whole or in part, the difference between the book value of the
financial liabilities derecognized and the consideration paid (including non-cash assets transferred out or new
financial liabilities borne) will be included into current profit and loss.
Where the Company repurchases part of a financial liability, the entire book value of the financial liability shall be
split into the derecognized part and continuously-recognized part according to their respective relatively fair
values on the repurchase date. The difference between the book value of the derecognized part and the
49
司公限有份股心中游旅海东大南海 2018 文全告报度年半年
consideration paid (including non-cash assets transferred out or new financial liabilities assumed) shall be
included in the current profit and loss.
10.5 Method of determining the fair value of financial assets and financial liabilities
The fair value of a financial instrument, for which there is an active market, is the prices quoted for it therein. Fair
value of a financial instrument having no active market shall be determined by using valuation techniques. At the
time of valuation, the Company adopts the techniques that are applicable in the current situation and supported by
enough available data and other information, selects the input values that are consistent with the features of assets
or liabilities as considered by market participants in relevant asset or liability transactions, and gives priority to
use relevant observable inputs. The unobservable inputs are used only under the circumstance when it is
impossible or unobservable inputs to obtain relevant observable inputs.
10.6 Testing and accounting methods of impairment of financial assets (excluding receivables)
Except for the financial assets measured at fair values through current profit and loss, the book value of financial
assets on the balance sheet date should be checked. If there is objective evidence that a financial asset is impaired,
provision for impairment shall be made.
(1) Impairment provision for available-for-sale financial assets:
If the fair value of available-for-sale financial assets has significantly declined at the end of the period, or it is
expected that the trend of decrease in value is non-temporary after considering various relevant factors, the
impairment shall be recognized, and accumulated losses from decreases in fair value originally and directly
included in owners’ equity shall be all transferred out and recognized as impairment loss.
For available-for-sale debt instruments whose impairment losses have been recognized, if their fair values rise in
the subsequent accounting period and such rise is objectively related to the matters occurring after the recognition
of impairment loss, the previously recognized impairment loss shall be reversed and recorded into the current
profit and loss.
Impairment losses on available-for-sale equity instruments shall not be reversed through profit or loss.
(2) Impairment provision for held-to-maturity investments:
Measurement of impairment losses on held-to-maturity investments is treated in accordance with the measurement
method for impairment losses on receivables.
11. Accounts receivable
(1) Account receivable with individually significant amount and with bad debt provision accrual
independently
Basis and standard for "individually Top 5 accounts receivable and other receivables by individual amount at the end of the
significant" year
The Company will separately conduct an impairment test on an individual basis and the
Methods for provision for bad debts of
allowance for bad debts will be made at the lower of the present value of the expected
receivables with individually significant
future cash flow and the book value thereof and included in current profit and loss. Those
amount:
do not impair after the separate test shall be included into corresponding portfolio for
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司公限有份股心中游旅海东大南海 2018 文全告报度年半年
provision for bad debts. If separate test indicates that there is impairment of receivables,
they shall not be included the receivables portfolio with similar risk credit characteristics
for an impairment test.
(2) Receivables with bad debt provision accrual by credit portfolio:
Portfolio Methods for provision for bad debts
Aging analysis
Receivables provided for bad debts on a portfolio basis
Provisions for bad debts made by aging analysis method are as follows:
√ Applicable □ Not applicable
Aging Provision ratio for receivables Proportion ratio for other receivables
Within 1 year (inclusive) 0.00% 0.00%
1-2 years 5.00% 5.00%
2-3 years 15.00% 15.00%
3-4 years 25.00% 25.00%
4-5 years 50.00% 50.00%
Over 5 years 100.00% 100.00%
In combination, withdrawal proportion of bad debt provision based on balance proportion
□ Applicable √ Not applicable
In combination, withdrawal proportion of bad debt provision based on other methods:
□ Applicable √ Not applicable
(3) Accounts receivable with individually insignificant amounts and individual allowance for bad debt
Reasons for separate At the end of the year, there are objective evidences showing that the individual balances below
provision of allowance for top five are impaired; for example, the debtor is dissolved, bankrupts or dies, and therefore the
bad debts receivables cannot be recovered after the bankruptcy property or the estate is repaid.
if there is an objective evidence that the impairment on receivables has occurred, such
receivables shall be separated from relevant portfolio to conduct impairment test separately,
Provision method of
based on which the impairment losses are recognized.
allowance for bad debts
Receivables other than accounts receivable and other receivables are subject to impairment
provision by using the specific identification methods.
12. Inventories
Does the Company need to comply with the disclosure requirement of the special industry
No
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1. Classification
Inventories are classified into: raw materials, stock commodities, low-cost consumables, good materials, fuel, etc.
2. Valuation method of inventories dispatched
Stock commodity is accounted for at the selling price and the difference between the purchase and sale prices are
adjusted on a monthly basis by using the integrated price difference rate. The purchase and storage of all materials
of inventories is measured at actual cost, and by using the first-in first-out method when applied for use. Low-cost
consumables are amortized at lump-sum method when applied for use.
3. Determining basis of the net realizable value of inventories and method for inventory impairment
provision
After the comprehensive inventory count at the end of the period, provisions for inventory depreciation reserve are
made or adjusted at the lower of their costs or net realizable values.
For merchandise inventories for direct sale, including stock commodities, goods in progress and materials for sale,
during normal operations, their net realizable values are recognized at the estimated selling prices minus the
estimated selling expenses and the relevant taxes and surcharges; for material inventories held for production,
their net realizable values are recognized at the estimated selling prices of finished goods minus estimated costs
until completion, estimated selling expenses and relevant taxes and surcharges.
The provisions for inventory depreciation reserve are made on an individual basis at the end of the period; for
inventories with large quantities and relatively low unit prices, the provisions for inventory depreciation reserve
are made on a category basis. For inventories related to the product portfolios manufactured and sold in the same
area, and of which the final usage or purpose is identical or similar thereto, and which is difficult to separate from
other items for measurement purposes, the provisions for inventory depreciation reserve are made on a portfolio
basis.
Where the previous factors affecting the written-down of the value of inventory have disappeared, the amount of
write-down shall be resumed and be reversed from the original provision for inventory devaluation with the
reversal being included in current profit and loss.
4. Inventory system
The perpetual inventory system is adopted for accounting.
5. Amortization methods for low-cost consumables and packaging materials
(1) Low-cost consumables are amortized at lump-sum method;
(2) Packaging materials: lump-sum write-off method.
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13. Assets held for sale
14. Long-term equity investments
1. Judgment criteria for common control and significant influence
Joint control refers to the control shared over an arrangement in accordance with the relevant stipulations, and the
decision-making of related activities of the arrangement should not be made before the party sharing the control
right agrees the same. Where the Company exercises joint control over the investee together with other parties to
the joint venture and enjoys the right on the investee's net assets, the investee is a joint venture of the Company.
Significant influence refers to the power to participate in making decisions on the financial and operating policies
of an enterprise, such as appointing representative to the board of directors or similar organs of authority of the
investee, but not the power to control the investee, or jointly control, the formulation of such policies with other
parties. Where an investor is able to have significant influences on an investee, the investee shall be the
Company's associate.
2. Determining of initial investment cost
(1) Long-term equity investment acquired from business combination
Business combination under the common control: if the Company pays a consideration to the combinee in cash,
by transferring non-cash assets or by assuming debts, the share of book value of its owners' equity in the combinee
in the consolidated financial statements of the ultimate controlling party shall be regarded, on the merger date, as
the initial investment cost of the long-term equity investment. If there is a difference between the initial
investment cost of the long-term equity investment and the total of book values of the paid cash, transferred
non-cash assets and of assumed debts as well as the face value of issued share, the difference shall be used to
adjust the share premium in the capital reserve; and if the share premium in the capital reserve is insufficient to be
offset, retained earnings shall be adjusted.
In case the Company can exercise control over the investee under common control for additional investment or
other reasons, the initial investment cost of long-term equity investments is recognized at the share of book value
of net asset of the acquiree after the combination in the consolidated financial statements of the ultimate controller
on the combination date. The stock premium should be adjusted at the difference between the initial investment
cost of long-term equity investments on the combination date and the book value of long-term equity investments
before the combination plus the book value of consideration paid for additional shares; if there is no sufficient
stock premium for write-downs, the retained earnings are adjusted.
Business combination not under the common control: the Company recognizes the combination cost determined
on the combination date as the initial cost of long-term equity investments. Where the Company can control the
investee not under common control from additional investments, the initial investment cost should be changed to
be accounted for under the cost method and recognized at the sum of the book value of equity investments
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originally held and newly increased investment cost. Under business combination not under the common control,
the auditing, legal services, consulting and other intermediary fees and other related administrative expenses for
business combination will be included into current profit and loss upon occurrence; the transaction costs for the
issuance of equity securities or debt securities shall be included into the initial recognition amount of equity
securities or debt securities.
(2) Long-term equity investments obtained by other means
For long-term equity investments acquired from making payments in cash, the initial cost is the actually paid
purchase cost.
For long-term equity investments acquired from issuance of equity securities, the initial investment cost is the fair
value of the issued equity securities.
If the exchange of non-monetary assets has commercial substance and the fair values of assets traded out and
traded in can be measured reliably, the initial cost of long-term equity investment traded in with non-monetary
assets are determined based on the fair values of the assets traded out and the relevant taxes and surcharges
payable unless there is any conclusive evidence that the fair values of the assets traded in are more reliable; if the
exchange of non-monetary assets does not meet the above criteria, the book value of the assets traded out and the
relevant taxes and surcharges payable are recognized as the initial cost of long-term equity investment traded in.
For long-term equity investment acquired from debt restructuring, the initial cost is determined based on the fair
value.
3. Subsequent measurements and recognition of gain or loss
(1) Long-term equity investment under cost method
Long-term equity investments in subsidiaries are accounted for under the cost method. Except for the actual price
paid for acquisition of investment or the cash dividends or profits contained in the consideration which have been
declared but not yet distributed, the Company recognizes the investment income in the current year at the cash
dividends or profits declared by the investee.
(2) Long-term equity investment accounted for in the equity method
The Company's long-term equity investments in associates and joint ventures are accounted for by using the
equity method. If the initial cost is more than the share of the fair value of the investee' identifiable net asset to
which the Company shall be entitled when investing, the initial cost of the long-term equity investment will not be
adjusted. If the initial cost of a long-term equity investment is less than the share of the fair value of the investee's
identifiable net asset to which the Company shall be entitled when investing, the difference shall be included in
the current profit or loss.
The Company respectively recognizes the investment income and other comprehensive income according to the
shares of net profit or loss and other comprehensive income realized by the investee that should enjoyed or
assumed by the Company, and adjusts the book value of long-term equity investment; according to the profit
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declared to be distributed by the investee or the part shall be enjoyed cash dividends calculation, to reduce the
book value of long-term equity investment correspondingly; for other changesin owners' equity excepting for ex
all profit or loss of the investee, other comprehensive income and profit distribution, the book value of long-term
equity investment shall be adjusted and included in the owners' equity.
When recognizing the share of net profit or loss of the investee that the Company shall enjoy, based on fair value
of various identifiable assets and others of the investee on acquisition and according to accounting policies and
accounting periods of the Company, the Company shall recognize such share after making adjustments to net
profit of the investee. When holding the investment, the investee should prepare the consolidated financial
statements, it shall account for the investment income based on the net profit, other comprehensive income and
the changes in other owner's equity attributable to the investee.
The Company shall write off the part of incomes from internal unrealized transactions between the Company and
associates and joint ventures which are attributable to the Company according to the corresponding ratio and
recognize the profit and loss on investments on such basis. Where the losses from internal transactions between
the Company and the investee fall into the scope of assets impairment loss, the full amount of such losses should
be recognized. For transactions on investments or sales of assets between the Company and associates and joint
ventures, where such assets constitute business, they should be accounted for according to the relevant policies.
When the Company recognizes its share of loss incurred to the investee, treatment shall be done in the following
sequence: firstly, the book value of the long-term equity investment shall be reduced; secondly, where the book
value thereof is insufficient to cover the share of losses, investment losses are recognized to the extent of book
value of other long-term equities which form net investment in the investee in substance and the book value of
long term receivables shall be reduced. Finally, after all the above treatments, if the Company is still responsible
for any additional liability in accordance with the provisions stipulated in the investment contracts or agreements,
provisions are recognized and included into current investment loss according to the obligations estimated to
undertake. An investing party shall recognize the net loss incurred by the invested entity until the book value of
the long-term equity investment and other long-term interests which substantially form the net investment in the
invested entity are reduced to zero, unless the investing party is obliged to undertake extra losses. If the invested
entity realizes any net profit later, the investing party shall, after the amount of its attributable share of profits
offsets its attributable share of the unrecognized losses, resume recognizing its attributable share of profits.
(3) Disposal of long-term equity investments
For disposal of long-term equity investments, the difference between the book value and the actual price shall be
included into the current profit or loss.
Where a long-term equity investment is accounted for under the equity method, accounting treatment should be
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made on the part which is originally included in other comprehensive income according to corresponding ratio by
using the same basis for the investee to directly dispose of the relevant assets or liabilities when the investments
are disposed of. Owner's equity recognized from the investee's changes in other owner's equity other than net
profit or loss, other comprehensive income and profit distribution should all transferred to the current profit and
loss in proportion.
In case the joint control or significant influence over the investee is lost for disposing part of equity investments or
other reasons, the remaining equity will be changed to be accounted for according to the recognition and
measurement principles of financial instruments. The difference between the fair value and the book value on the
date of the loss of joint control or significant influence should be included in the current profit and loss. As to
other comprehensive income recognized based on measurement of the original equity investment under the equity
method, accounting treatment shall be made on the same basis as would be required if the investee had directly
disposed of the assets or liabilities related thereto when measurement under the equity method is terminated.
Owner's equity recognized from the investee's changes in other owner's equity other than net profit or loss, other
comprehensive income and profit distribution should all transferred to the current profit and loss when the equity
method confirmed is no longer adopted.
Where the Company loses the control over the investee due to disposal of partial equity investments or other
reasons, when it prepares separate financial statements, the remaining equity after disposal that can jointly control
or have significant influence on the investee will be measured at the equity method, and the remaining equity
should be deemed to have been adjusted at equity method on acquisition;
If the remaining equity after disposal cannot exercise joint control or significant influence on the investee, such
investments should be accounted for according to the provisions on the recognition and measurement of financial
instruments and the difference between fair value and book value on the date of loss of the control should be
included in the current profit and loss.
Where the disposed equities are acquired by the enterprise combination due to the reasons such as additional
investment, the remaining equities after the disposal are calculated based on the cost method or equity method in
preparing the individual financial statements, and other comprehensive income and other owners' equity
recognized because of the equity method adopted for the calculation of the equity investment held prior to the
purchase date are carried forward in proportion; the remaining equities after the disposal are changed to be made
in accordance with the relevant provisions in the recognition and measurement criteria of financial instruments
while other comprehensive income and other owners' equity are carried forward in full.
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15. Investment property
Measurement mode
Measured by cost method
Depreciation or amortization method
Investment properties are properties to earn rentals or for capital appreciation or both. Examples include land
leased out under operating leases, land held for long-term capital appreciation, buildings leased out under
operating leases, (including buildings that have been constructed or developed for future lease out under operating
leases, and buildings that are being constructed or developed for future lease out under operating leases).
The Company measures the existing investment properties by using the cost model. For investment property
measured by using the cost model, the buildings for lease shall be depreciated by using policies the same as used
for fixed assets of the Company, and the land use rights for lease shall be amortized by using the same policies as
applicable to intangible assets.
16. Fixed assets
(1) Recognition criteria of fixed assets
Fixed assets refer to the tangible assets held for the purpose of producing commodities, rendering services, renting
or business management with useful lives exceeding one year. Fixed assets are recognized when they
simultaneously meet the following conditions:
(1) It is probable that the economic benefits relating to the fixed assets will flow into the Company; and
(2) The costs of the fixed asset can be measured reliably.
(2) Depreciation method of fixed assets
Yearly depreciation
Asset type Depreciation method Year for depreciation Residual value rate
rate
Houses and buildings Straight-line method 20-40 5 4.75-2.37
Mechanical equipment Straight-line method 8-20 5 11.87-4.75
Entertainment
Straight-line method 5-16 5 19-5.93
equipment
Transportation
Straight-line method 7-12 5 13.57-7.91
equipment
Other equipment Straight-line method 8 5 11.87
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(3) Reorganization basis, valuation and depreciation method for financial lease assets
17. Construction in progress
The book-entry values of the fixed assets are stated at total expenditures incurred before reaching working
condition for their intended use. For construction in progress that has reached working conditions for its intended
use but for which the completion of settlement has not been handled, it shall be transferred into fixed assets at the
estimated value according to the project budget, construction price or actual cost, etc. from the date when it
reaches the working conditions for its intended use. The fixed assets shall be depreciated in accordance with the
Company’s policy on fixed asset depreciation. Adjustment shall be made to the originally and provisionally
estimated value based on the actual cost after the completion of settlement is handled, but depreciation already
provided will not be adjusted.
18. Borrowing costs
1. Recognition principles of capitalization of borrowing costs
Borrowing costs include the interest of borrowings, the amortization of discount or premium, auxiliary expenses,
exchange differences incurred by foreign currency borrowings, etc.
The borrowing costs incurred to the Company and directly attributable to the acquisition and construction or
production of assets eligible for capitalization should be capitalized and recorded into relevant asset costs; other
borrowing costs should be recognized as costs according to the amount incurred and be included into the current
profit and loss.
Assets eligible for capitalization refer to fixed assets, investment property, inventories and other assets which may
reach their intended use or sale status only after long-time acquisition and construction or production activities.
Borrowing costs may be capitalized only when all the following conditions are met at the same time:
(1) Asset disbursements, which include those incurred by cash payment, the transfer of non-cash assets or the
undertaking of interest-bearing debts for acquiring and constructing or producing assets eligible for capitalization,
have already been incurred;
(2) Borrowing costs have already been incurred;
(3) Purchase, construction or manufacturing activities that are necessary to prepare the assets for their intended
use are in progress.
2. Capitalization period of borrowing costs
Capitalization period refers to the period from commencement of capitalization of borrowing costs to its cessation;
period of suspension for capitalization is excluded.
Capitalization of borrowing costs should cease when the acquired and constructed or produced assets eligible for
capitalization have reached the working condition for their intended use or sale.
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When some projects among the acquired and constructed or produced assets eligible for capitalization are
completed and can be used separately, the capitalization of borrowing costs of such projects should be ceased.
If all parts of the acquired and constructed or produced assets are completed but the assets cannot be used or sold
externally until overall completion, the capitalization of borrowing costs should be ceased at the time of overall
completion of the said assets.
3. Period of suspension for capitalization
If the acquisition and construction or production activities of assets eligible for capitalization are abnormally
interrupted and such condition lasts for more than three months, the capitalization of borrowing costs should be
suspended; if the interruption is necessary procedures for the acquired, constructed or produced assets eligible for
capitalization to reach the working conditions for its intended use or sale, the borrowing costs continue to be
capitalized. Borrowing costs incurred during the interruption are recognized as the current profit and loss and
continue to be capitalized until the acquisition, construction or production of the asset restarts.
4. Calculation of capitalization amount of borrowing costs
As for special borrowings borrowed for acquiring and constructing or producing assets eligible for capitalization,
borrowing costs of special borrowing actually incurred in the current period less the interest income of the
borrowings unused and deposited in bank or return on temporary investment should be recognized as the
capitalization amount of borrowing costs.
As for general borrowings used for acquiring and constructing or producing assets eligible for capitalization, the
interest of general borrowings to be capitalized should be calculated by multiplying the weighted average of asset
disbursements of the part of accumulated asset disbursements exceeding special borrowings at end of each month
by the capitalization rate of used general borrowings. The capitalization rate is calculated by weighted average
interest rate of general borrowings.
As for borrowings with discount or premium, the to-be-amortized discount or premium in each accounting period
should be recognized by effective interest rate method, and the interest for each period should be adjusted.
19. Biological assets: Nil
20. Oil-and-gas assets: Nil
21. Intangible assets
(1) Valuation method, useful lives and impairment
1. Valuation method of intangible assets
(1) The Company initially measures intangible assets at cost on acquisition;
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The costs of externally purchased intangible assets include purchase prices, relevant taxes and surcharges and
other directly attributable expenditures incurred to prepare the assets for their intended use. If the payment for an
intangible asset is delayed beyond the normal credit conditions and it is of the financing nature, the cost of the
intangible asset shall be determined on the basis of the current value of the purchase price.
For an intangible asset obtained in debt restructuring by a debtor for the settlement of relevant liability, the
book-entry value shall be initially recognized based on the fair value of the intangible asset. Difference between
the book value of restructured debts and the fair value of the intangible asset used for debt off-set shall be
included in the current profit or loss;
On the premise that non-monetary assets trade is of commercial nature and the fair value of the assets traded in or
out can be measured reliably, the intangible assets traded in with non-monetary assets should be recognized at the
fair value of the assets traded out, unless any unambiguous evidence indicates that the fair value of the assets
traded in is more reliable; as to the non-monetary assets trade not meeting the aforesaid premise, the book value of
the assets traded out and related taxes and surcharges payable should be recognized as the cost of the intangible
assets, with gains or losses not recognized.
For intangible assets acquired from business combination under common control, the initial book value are
initially recognized at the book value of the combinee; for intangible assets acquired from business combination
not under common control, the initial book value are initially recognized at the fair value.
Costs of intangible assets developed internally and independently include: the costs of materials and labor services
used to develop the intangible assets, the registration fee, the amortization of other patents and franchise used in
the process of development, the interest expenses meeting the condition for capitalization, and other direct
expenses for preparing the intangible assets for their intended use.
(2) Subsequent measurement
The useful lives of the intangible assets are analyzed and determined on their acquisition.
For intangible assets with definite useful lives, the Company shall adopt the straight-line method for amortization
within the period during which they can bring economic benefits to the Company; where the period during which
they can bring economic benefits to the Company cannot be forecast, those intangible assets shall be deemed as
assets with indefinite lives and no amortization will be made.
2. Estimates of useful lives of intangible assets with definite useful lives
Item Estimated useful lives Basis
Land use rights 50 years Use term for the land use right title
The useful life and amortization method of intangible assets with limited useful life are reviewed at the end of
each period.
Upon review, the useful lives and amortization method of the intangible assets as at the end of the year were not
different from those estimated before.
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3. Judgment basis for intangible assets with indefinite useful lives
As at the balance sheet date, the Company has no intangible assets with indefinite useful lives.
(2) Accounting policy of internal R&D expenditures
22. Impairment of long-term assets
For the long-term equity investments, investment properties, fixed assets, construction in progress, intangible
assets, and other long-term assets measured at cost model, if there are signs of impairment, an impairment test will
be conducted on the balance sheet date. If impairment test results indicate that the recoverable amounts of the
assets are lower than their book value, the provision for impairment is made based on the differences, which are
recognized as impairment losses. The recoverable amounts of intangible assets are the higher of their fair values
less costs to sell and the present values of the future cash flows expected to be derived from the assets. The assets
impairment provision is calculated and made on an individual basis. If it is difficult for the Company to estimate
the recoverable amount of the individual asset, the recoverable amount of an asset group to which the said asset
belongs to will be determined. Asset group is the minimum combination of assets that can independently generate
cash inflows.
After the losses from asset impairment are recognized, they are not reversed in subsequent periods.
23. Long-term deferred expenses
Long-term deferred expenses refer to various expenses which have been already incurred but will be born in the
reporting period and in the future with an amortization period of over one year.
1. Amortization method
Long-term deferred expenses are evenly amortized over the beneficial period
2. Amortization period
Item Amortization period
Hotel exterior decoration 4 years
Fire stairs renovation 4 years
C FLOOR ROOM RENOVATION 5 years
Villa renovation 5 years
Swimming pool renovation 5 years
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24. Employee compensation
(1) Accounting method for short-term compensation
During the accounting period when employees serve the Company, the actual short-term compensation is
recognized as liabilities and included in current profit and loss or costs associated with assets.
The appropriate amount of employee compensation payable will be determined during the accounting period
when the employees provide services for the Company based on the medical insurance, work injury insurance and
maternity insurance and other social insurance and housing fund paid by the Company for employees, as well as
trade union funds and employee education funds withdrawn according to provisions at the accrual basis and
accrual ratio.
The employee benefits in the non-monetary form shall be measured at fair value.
(2) Accounting method for post-employment benefits
The Company will pay basic old-age insurance and unemployment insurance in accordance with relevant
provisions of the local government for employees. During the accounting period when they provide services for
the Company, the amount payable will be calculated at the basis and proportion specified by local authorities,
recognized as a liability and charged into current profit and loss or costs associated with assets.
(3) Accounting method for dismiss welfare
Where the Company cannot unilaterally withdraw the dismissal welfare offered in view of the cancellation of the
labor relation plan or the layoff proposal, or recognizes the cost or expenses as to the restructuring involving the
payment of dismissal welfare (whichever is earlier), the employee compensation arising from the dismissal
welfare should be recognized as the liabilities and charged to the current profit or loss.
(4) Accounting method for other long-term employee welfare
25. Estimated liabilities
When the Company is involved in litigation, debt guarantees, loss-making contract, reorganization matters, if such
matters are likely to be satisfied by delivery of assets or provision of services in the future and the amount can be
measured reliably, they shall be recognized as estimated liabilities.
1. Recognition criteria for estimated liabilities
When an obligation relating to a contingency meets all the following conditions at the same time, it is recognized
as an estimated liability:
(1) Such obligation is a present obligation of the Company;
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(2) The performance of such obligation may well cause outflows of economic benefits from the Company; and
(3) The amount of such obligation can be measured reliably.
2. Measurement method of estimated liabilities
The estimated liabilities of the Company are initially measured as the best estimate of expenses required for the
performance of relevant present obligations.
When the Company determines the best estimate, it should have a comprehensive consideration of risks with
respect to contingencies, uncertainties and the time value of money. If the time value of money is significant, the
best estimates will be determined after discount of relevant future cash outflows.
The best estimates shall be treated as follows in different circumstances:
If there is continuous range (or interval) for the necessary expenses, and probabilities of occurrence of all the
outcomes within this range are equal, the best estimates will be determined at the average amount of upper and
lower limits within the range.
If there is no continuous range (or interval) for the necessary expenses, or probabilities of occurrence of all the
outcomes within this range are unequal despite such a range exists, in case that the contingency involves a single
item, the best estimate shall be determined at the most likely outcome; if the contingency involves two or more
items, the best estimate should be determined according to all the possible outcomes with their relevant
probabilities.
When all or part of the expenses necessary for the settlement of estimated liabilities of the Company are expected
to be compensated by a third party, the compensation shall be separately recognized as an asset only when it is
virtually certain to be received. The compensation recognized shall not exceed the book value of the estimated
liabilities.
26. share-based payment
27. Other financial instrument as preferred stock and perpetual bond etc.
28. Revenue
Does the Company need to comply with the disclosure requirement of the special industry?
Nil
1. Recognition and measurement principles for revenues from sale of goods
(1) General recognition and measurement principles for revenue from sales of goods
Income from sales of goods is recognized when the Company has transferred to the buyer the significant risks and
rewards of ownership of the goods; the Company retains neither continuous management rights associated with
ownership of the goods sold nor effective control over the goods sold; the relevant amount of income can be
measured reliably; it is highly likely that the economic benefits associated with the transaction will flow into the
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Company; and the relevant amount of cost incurred or to be incurred can be measured reliably.
(2) Recognition criteria and time of revenue from sale of goods of the Company
In the provision of hotel housing services at the same time, the Company provides goods to customers and will
prepare daily sales list after confirming with the Rooms Department and the hotel front desk. Based on the sales
list, the finance department confirms that the major risks and rewards of ownership of the goods have been
transferred to the customer and then the sales revenue is recognized.
2. Recognition and measurement principles of revenue from rendering of service
(1) For the hotel rooms, catering (breakfast) and other services to be provided by the Company, after they are
provided, and the Company checks with the sales department and the front check, the Company will prepare the
daily sales reports and accounts receivable list to the finance department, which will review the same, after which,
the revenue will be recognized.
(2) For the revenue from restaurants and venues contracted out, they will be recognized in accordance with the
period stipulated in the contract or agreement and the collection timing.
3. Recognition basis for revenue from transfer of right to use assets
When the economic benefit related to the transaction is probably to flow into the Company and the relevant
revenue can be reliably measured, the revenue from transfer of the asset use right is determined as follows: the
revenue from transferring use right of assets shall be recognized based on the following circumstances:
(1) The amount of interest income is determined based on the time and effective interest rate for others to use the
monetary funds of the Company.
(2) The amount of revenue from usage is determined based on the charging time and method as agreed in relevant
contract or agreement.
29. Government subsidies
(1) Judgment criteria and accounting method for government subsidies related to assets
Set off the book value of related assets or be recognized as deferred income. Government subsidies related to
assets are recognized as deferred income to be evenly distributed over the useful lives of the relevant assets and
shall be recorded in current profit or loss by stages in a reasonable and systematic manner. Government subsidies
measured in nominal amounts, are directly included in current profits and losses.
Where relevant assets are sold, transferred, scraped or damaged before the end of their lives, balance of the
unallocated deferred income is transferred to the current profit and loss on asset disposal.
(2) Judgment criteria and accounting method for government subsidies related to income
1) To be used as compensation for future costs, expenses or losses are recognized as deferred income and are
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recorded in current profits and losses or used to write off the related costs where the relevant costs, expenses or
losses are recognized.
2) To be used to compensate the related costs, expenses or losses incurred by the Company are directly included in
current profit and loss or used to write off the related costs.
3) Accounting treatment will be conducted for government subsidies that at the same time include those associated
with assets and income by different parts: if it is difficult to distinguish, they will be deemed as government
subsidies associated with income.
30. Deferred income tax assets and deferred income tax liabilities
Deferred income tax assets are recognized for deductible temporary differences to the extent that it shall not
exceed the taxable income probably obtained in future period to be against the deductible temporary difference.
Taxable temporary differences are recognized as deferred tax liabilities except in special circumstances.
Special circumstances in which deferred assets or deferred tax liabilities cannot be recognized include: the initial
recognition of goodwill; other transactions or matters excluding business combinations, which affect neither
accounting profits nor the taxable income (or deductible losses) when occurred.
When the Company has the statutory right to do settlement with the net amounts, and has the intention to do so or
the recovery of assets and the settlement of liabilities are achieved simultaneously, the Company shall present its
current income tax assets and current income tax liabilities at the net amounts as the result of one offsetting
another.
When the Company has the legal right for netting of current income tax assets and current income tax liabilities
and the income tax assets and income tax liabilities are related to the income tax levied on the same taxpayer by
the same tax administrative department or are related to different taxpayers but, within each future period of
reversal of important income tax assets and income tax liabilities, the taxpayers involved intend to settle current
income tax assets and current income tax liabilities or acquire assets and liquidate liabilities at the same time, the
Company's income tax assets and income tax liabilities shall be presented at the net amount after the offset.
31. Lease
(1) Accounting treatment of operating lease
1. Accounting treatment of assets leased
The rental fees paid for the asset leased by the Company will be amortized over the entire lease term without
deducting rent-free period according to the straight-line method and included in the expenses for the current
period. The initial direct costs related to the lease transactions paid by the Company are recorded in the current
expenses.
When the lessor bears the lease related expenses which shall be undertook by the Company, the Company shall
deduct this part of the expense from the rent and amortize the net amount over the lease term and charge into
current costs or expenses.
65
司公限有份股心中游旅海东大南海 2018 文全告报度年半年
2. Accounting treatment of leasing-out assets
Lease fees received by the Company from leasing assets shall be amortized at straight-line method over the whole
lease period including rent-free period, and shall be recognized as lease income. Initial direct costs relating to
lease transactions incurred by the Company shall be recognized as the current expenses; if the amounts are
material, they shall be capitalized and included in the current income on the same basis as the recognition of lease
income.
When the Company bears the lease related expenses which should be undertook by the lessee, the Company shall
deduct this part of expense from the rent income, and amortize the net amount over the lease term.
(2) Accounting treatment of finance lease
32. Other principal accounting policies and accounting estimates
33. Changes to principal accounting policies and accounting estimates
(1) Changes in principal accounting policies
□ Applicable √ Not applicable
(2) Changes in principal accounting estimates
□ Applicable √ Not applicable
34. Other
VI. Taxation
1. Major tax types and tax rates
Taxes Basis for tax assessment Tax rate
Output VAT is calculated based on taxable sales revenue and service
revenue calculated in accordance with tax laws and VAT payable or taxable 5%, 6%, 11% and
Value added tax(VAT)
sales revenue shall be the difference after deducting the input VAT 17%
deductible in the same period
Urban maintenance and
Levied based on VAT payable 7%
construction tax
Enterprise income tax Levied based on taxable income 25%
Education surtax Levied based on VAT payable 3%
Local educational
Levied based on VAT payable 2%
surcharge
66
司公限有份股心中游旅海东大南海 2018 文全告报度年半年
Remaining value after deducting 30% from the original value of the house
Housing property tax 1.2%, 12%
(including the occupied land price) and rental income
Land use tax Land area
Disclose reasons for different taxpaying body: Nil
2. Tax preference
3. Other
VII. Notes to the items of financial statements
1. Monetary Fund
In RMB/CNY
Item Ending balance Beginning balance
Cash on hand 383,507.23 264,156.33
Bank deposits 3,368,151.41 9,417,450.83
Other monetary funds 7,000,000.00
Total 10,751,658.64 9,681,607.16
Other explanation
2. Financial assts measured by fair value and with its variation reckoned into current gains/losses: Nil
3. Derivative financial assets
□ Applicable √ Not applicable
4. Note receivable: Nil
5. Accounts receivable
(1) Disclosure of account receivables by category
In RMB/CNY
Ending balance Beginning balance
Category Book balance Provision for bad debt Book balance Provision for bad debt
Book
Book value
Proportio Provisio Proportio Provision value
Amount Amount Amount Amount
n n ratio n ratio
Accounts
receivable 334,756.76 100.00% 68,520.25 20.47% 266,236.51 662,651.14 100.00% 68,520.25 10.34% 594,130.89
with
67
司公限有份股心中游旅海东大南海 2018 文全告报度年半年
provision
for bad
debts
based on
portfolios
1,000.00
Total 334,756.76 100.00% 68,520.25 20.47% 266,236.51 662,651.14 68,520.25 10.34% 594,130.89
%
Account receivable with single significant amount and withdrawal bad debt provision separately at period-end:
□ Applicable √ Not applicable
In the portfolio, accounts receivable with the allowance for bad debts made under the aging analysis method:
√ Applicable □ Not applicable
In RMB/CNY
Ending balance
Aging
Accounts receivable Provision for bad debt Provision proportion
Within 1 year
Subtotal within 1 year 244,368.96
1-2 years 785.00 39.25 5.00%
2-3 years 18,633.00 2,794.95 15.00%
3-4 years 3,397.00 849.25 25.00%
4-5 years 5,472.00 2,736.00 50.00%
Over 5 years 62,100.80 62,100.80 100.00%
Total 334,756.76 68,520.25 20.47%
Explanation on combination determines:
In combination, withdrawal proportion of bad debt provision based on balance proportion for account receivable
□ Applicable √ Not applicable
In combination, withdrawal proportion of bad debt provision based on other methods for account receivable:
(2) Provision, reversal or recovery of provision for bad debts in 2018: Nil
(3) Accounts receivable actually written off in 2018: Nil
(4) Top five accounts receivable in terms of ending balance collected by the debtor
Relationship with the Proportion in total amount of
Name of entity Book balance Aging
Company accounts receivable (%)
Shanghai Hecheng International Non-related party 96,490.00 Within 1 year 28.82%
Travel Service Co., Ltd.
Luoniushan Co., Ltd. Non-consolidated 65,420.00 Within 1 year 19.54%
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司公限有份股心中游旅海东大南海 2018 文全告报度年半年
related party
Guangzhou Institute of Design Non-related party 38,980.00 Over 5 years 11.64%
Beijing Tongcheng Huading Non-related party 35,479.00 Within 1 year 10.60%
International Travel Agency Co., Ltd.
Tianjin Watermelon Tourism Limited Non-related party 33,104.96 Within 1 year 9.89%
Liability Company
Total 269,473.96 80.50%
(5) Account receivable derecognition due to financial assets transfer
(6) Assets and liabilities resulted by account receivable transfer and continues involvement
Other note: Nil
6. Advances to suppliers
(1) Advances to suppliers presented by aging
In RMB/CNY
Ending balance Beginning balance
Aging
Amount Proportion Amount Proportion
Within 1 year 43,206.84 100.00% 49,530.21 100.00%
Total 43,206.84 -- 49,530.21 --
Explanation on reasons of failure to settle on important advance payment with age over one year: Nil
(2) Top five advances to suppliers in terms of the ending balance collected by the prepaid object
Prepaid object Ending balance Proportion in total ending balance
of advance to suppliers (%)
Sunshine Property Insurance Co., Ltd. Hainan 18,322.73 42.41
Branch
Sinopec Petrochemical Sales Co., Ltd. Hainan 12,103.50 28.01
Sanya Branch
China Post Group Corporation Sanya Branch 5,400.00 12.50
Sanya Daily 4,864.87 11.26
Hangzhou Xiruan Technology Co., Ltd. 2,515.74 5.82
Total 43,206.84 100.00
69
司公限有份股心中游旅海东大南海 2018 文全告报度年半年
7. Interest receivable: Nil
8. Dividend receivable: Nil
9. Other receivables
(1) Other receivables disclosed by category
In RMB/CNY
Ending balance Beginning balance
Provision for bad Provision for bad
Book balance Book balance
debt debt
Category Book Book
Provisi
value Provision value
Proport Amoun on Amo Proport
Amount Amount proportio
ion t proport unt ion
n
ion
Other
receivables
with provision 100.00 21,147. 800,13 160,7 100.00 21,147. 139,561.
821,284.34 2.57% 13.16%
for bad debts % 90 6.44 09.19 % 90 29
based on
portfolio
100.00 21,147. 800,13 160,7 100.00 21,147. 139,561.
Total 821,284.34 2.57% 13.16%
% 90 6.44 09.19 % 90 29
Other receivables with insignificant single amount but with individual provision for bad debts at period-end
□ Applicable √ Not applicable
Other receivables with provision for bad debts made by aging analysis method in portfolios:
√ Applicable □ Not applicable
In RMB/CNY
Ending balance
Aging
Other receivables Provision for bad debt Provision proportion
Within 1 year
Subtotal within 1 year 799,686.44
3-4 years 600.00 150.00 25.00%
Over 5 years 20,997.90 20,997.90 100.00%
Total 821,284.34 21,147.90
Explanations on combination determine:
In combination, withdrawal proportion of bad debt provision based on balance proportion for other account receivable:
□ Applicable √ Not applicable
In combination, withdrawal proportion of bad debt provision based on other methods for other account receivable:
70
司公限有份股心中游旅海东大南海 2018 文全告报度年半年
□ Applicable √ Not applicable
(2) Provision, reversal or recovery of provision for bad debts in 2018: Nil
(3) Other receivables actually written off in 2018: Nil
(4) Classification of other receivables by the nature of payment
In RMB/CNY
Nature of Payment Book balance as at June 30, 2018 Book balance as at January 1, 2018
Deposit 600.00 600.00
Petty cash 20,000.00 49,281.48
Water and electricity expenses 197,820.63 70,809.03
Social insurance and housing provident
28,120.04 40,018.68
funds
Staff borrowings 288,543.31
Sun Hongjie 286,200.36
Total 821,284.34 160,709.19
(5) Top 5 other receivables at ending balance by arrears party
Proportion in total other Ending balance of
Name Nature Ending balance Age
receivables bad debt provision
Within 1
Sun Hongjie Advance payment 286,200.36 34.85%
year
Within 1
Wen Ping Advance payment 185,292.04 22.56%
year
Hainan Hangpai Water and Within 1
110,620.65 13.47%
Catering Co., Ltd. electricity fee year
Staff borrowings Within 1
Yang Yunhui ready for 65,525.00 year 7.98%
settlement
Water and Within 1
Peng Guoxing 54,649.64 6.65%
electricity fee year
Total -- 702,287.69 -- 85.51%
71
司公限有份股心中游旅海东大南海 2018 文全告报度年半年
(6) Account receivables related to government subsidies: Nil
(7) Other receivable for termination of confirmation due to the transfer of financial assets: Nil
(8) The amount of assets and liabilities that are transferred other receivable and continued to be involved:
Nil
10. Inventories
(1) Classification of inventory
In RMB/CNY
Ending balance Beginning balance
Item Provision for Provision for
Book balance Book value Book balance Book value
price decline price decline
Stocked
925,333.68 735,181.58 190,152.10 880,621.58 735,181.58 145,440.00
materials
Stock
22,771.38 11,102.41 11,668.97 22,771.38 11,102.41 11,668.97
commodities
Food and
38,544.22 38,544.22 45,640.74 45,640.74
beverage
Fuel 24,255.40 24,255.40 24,255.40 24,255.40
Total 1,010,904.68 746,283.99 264,620.69 973,289.10 746,283.99 227,005.11
Does the Company comply with the disclosure requirement of “Information Disclosure Guidelines of Shenzhen Stock Exchange
No.4–Listed Companies Engaged in Seed Industry and Planting Business” or not
No
(2) Provision for inventory depreciation
In RMB/CNY
Increase in the period Decrease in period
Category of Beginning
Ending balance
inventories balance Reversal or
Provision Others Others
write-off
Raw materials 735,181.58 735,181.58
Stock
11,102.41 11,102.41
commodities
Total 746,283.99 746,283.99
72
司公限有份股心中游旅海东大南海 2018 文全告报度年半年
(3) Explanation on capitalization of borrowing costs at ending balance of inventory: Nil
(4) Assets completed without unsettlement from construction contract at period-end: Nil
11. Assets held for sale: Nil
12. Non-current assets maturing within one year
In RMB/CNY
Item Ending balance Beginning balance
Long-term unamortized expenses amortized within one year 716,972.51 1,173,597.68
Total 716,972.51 1,173,597.68
Other explanation: Nil
13. Other current assets
In RMB/CNY
Item Ending balance Beginning balance
Prepaid enterprise income tax 1,702,702.80 1,702,702.80
Input tax to be deducted 492,996.74 255,160.76
Total 2,195,699.54 1,957,863.56
Other explanation: Nil
14. Available-for-sale-financial assets: Nil
15. Investment held-to-maturity: Nil
16. Long-term receivables: Nil
17. Long-term equity investment
In RMB/CNY
Changes (+,-)
Ending
Gain/lo
Other Cash Accrual balance
Begin ss of
Addition Negati compre dividen of of
ning investm Other Ending
Investee al ve hensive d or impair impair
balan ent equity Other balance
investme invest income profit ment ment
ce recogni changes
nt ment adjustm distribu provisi provisi
zed by
ent ted on on
Equity
I. Joint venture
73
司公限有份股心中游旅海东大南海 2018 文全告报度年半年
Hainan
Wengao
Tourism
Resource 1,000,00 1,000,0
s 0.00 00.00
Develop
ment
Co., Ltd.
1,000,00 1,000,0
Subtotal
0.00 00.00
II. Affiliated companies
1,000,00 1,000,0
Total
0.00 00.00
Other note
18. Investment property
(1) Investment properties measured at cost
√ Applicable □ Not applicable
In RMB/CNY
Buildings and Construction in
Item Land use rights Total
constructions process
1. Original book value
1.Beginning balance 18,856,504.44 5,662,740.59 24,519,245.03
2.Increase in the
period
(1) Purchase
(2) Transfer from
inventories/fixed
assets/construction in
process
(3) Increase from
business combinations
3.Decrease in the
period
(1) Disposal
(2) Other transfer-out
74
司公限有份股心中游旅海东大南海 2018 文全告报度年半年
4.Ending balance 18,856,504.44 5,662,740.59 24,519,245.03
II. Accumulated
depreciation and
accumulated amortization
1.Beginning balance 10,189,399.98 2,163,386.45 12,352,786.43
2.Increase in the
209,091.78 28,170.00 237,261.78
period
(1) Provision or
209,091.78 28,170.00 237,261.78
amortization
3.Decrease in the
period
(1) Disposal
(2) Other transfer-out
4.Ending balance 10,398,491.76 2,191,556.45 12,590,048.21
III. Provision for
impairment
1.Beginning balance 1,404,400.47 1,903,054.14 3,307,454.61
2.Increase in the
period
(1) Provision
3. Decrease in the
period
(1) Disposal
(2) Other transfer-out
4.Ending balance 1,404,400.47 1,903,054.14 3,307,454.61
IV. Book value
1. Closing book value 7,053,612.21 1,568,130.00 8,621,742.21
2. Opening book
7,262,703.99 1,596,300.00 8,859,003.99
value
75
司公限有份股心中游旅海东大南海 2018 文全告报度年半年
(2) Investment real estate measured by fair value
□ Applicable √ Not applicable
(3) Investment real estate without property certification held: Nil
19. Fixed assets
(1) Fixed assets details
In RMB/CNY
Houses and Mechanical Transportation Electronic
Item Other equipment Total
buildings equipment equipment equipment
I. Original book value:
1.Beginning balance 136,789,501.82 13,279,932.54 2,345,074.91 2,623,443.45 2,059,888.17 157,097,840.89
2.Increase in the
3,200.00 274,545.79 111,006.47 388,752.26
period
(1) Purchase 3,200.00 274,545.79 111,006.47 388,752.26
(2) Transfer from
construction in process
(3) Increase from
business combinations
3.Decrease in the
12,800.00 12,800.00
period
(1) Disposal or scrap 12,800.00 12,800.00
4.Ending balance 136,789,501.82 13,283,132.54 2,345,074.91 2,885,189.24 2,170,894.64 157,473,793.15
II. Accumulated
depreciation
1.Beginning balance 70,320,351.57 9,371,050.71 1,415,798.92 2,012,775.79 1,288,515.64 84,408,492.63
2.Increase in the
1,066,369.14 144,249.45 85,613.46 81,819.17 81,732.50 1,459,783.72
period
(1) Provision 1,066,369.14 144,249.45 85,613.46 81,819.17 81,732.50 1,459,783.72
3.Decrease in the
12,322.02 12,322.02
period
(1) Disposal or
12,322.02 12,322.02
scrap
76
司公限有份股心中游旅海东大南海 2018 文全告报度年半年
4.Ending balance 71,386,720.71 9,515,300.16 1,501,412.38 2,082,272.94 1,370,248.14 85,855,954.33
III. Provision for
impairment
1.Beginning balance 31,072,788.17 2,527,851.26 33,600,639.43
2.Increase in the
period
(1) Provision
3.Decrease in the
period
(1) Disposal or
scrap
4.Ending balance 31,072,788.17 2,527,851.26 33,600,639.43
IV. Book value
1. Ending book value 34,329,992.94 1,239,981.12 843,662.53 802,916.30 800,646.50 38,017,199.39
2. Opening book
35,396,362.08 1,381,030.57 929,275.99 610,667.66 771,372.53 39,088,708.83
value
(2) Temporarily idle fixed assets: Nil
(3) Fixed assets acquired by financing lease: Nil
(4) Fixed assets acquired by operating lease: Nil
(5) Certificate of title un-completed: Nil
20. Construction in progress: Nil
21. Engineering material: Nil
22. Disposal of fixed assets: Nil
23. Productive biological asset
(1) Measured by cost
□ Applicable √ Not applicable
77
司公限有份股心中游旅海东大南海 2018 文全告报度年半年
(2) Measured by fair value
□ Applicable √ Not applicable
24. Oil and gas assets
□ Applicable √ Not applicable
25. Intangible assets
(1) Intangible assets
In RMB/CNY
Non-patents
Item Land use rights Patent right Total
technology
I. Original book value
1.Beginning balance 81,653,137.15 81,653,137.15
2.Increase in the
period
(1) Purchase
(2) Internal research
and development
(3) Increase from
business combinations
3.Decrease in the period
(1) Disposal
4.Ending balance 81,653,137.15 81,653,137.15
II. Accumulated
amortization
1.Beginning balance 31,194,664.11 31,194,664.11
2.Increase in the
406,193.58 406,193.58
period
(1) Provision 406,193.58 406,193.58
3.Decrease in the
period
78
司公限有份股心中游旅海东大南海 2018 文全告报度年半年
(1) Disposal
4.Ending balance 31,600,857.69 31,600,857.69
III. Provision for
impairment
1.Beginning balance 27,440,836.84 27,440,836.84
2.Increase in the
period
(1) Provision
3.Decrease in the
period
(1) Disposal
4.Ending balance 27,440,836.84 27,440,836.84
IV. Book value
1. Ending book value 22,611,442.62 22,611,442.62
2. Opening book value 23,017,636.20 23,017,636.20
Ratio of the intangible assets from internal R&D in balance of intangible assets at period-end was.
(2) Land use rights without certificate of ownership: Nil
26. Development expenditure: Nil
27. Goodwill: Nil
28. Long-term deferred expenses
In RMB/CNY
Increase in the Amortization in
Item Beginning balance Other decreased Ending balance
period the period
Hotel exterior
486,974.55 486,974.55
decoration
Fire stairs
45,695.16 45,695.16
renovation
Swimming pool
224,969.28 224,969.28
renovation
C FLOOR ROOM 721,297.31 721,297.31
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司公限有份股心中游旅海东大南海 2018 文全告报度年半年
RENOVATION
Villa renovation 1,199,080.58 1,199,080.58
Total 2,678,016.88 2,678,016.88
Other explanation: Nil
29. Deferred income tax assets and deferred income tax liabilities: Nil
30. Other non-current assets: Nil
31. Short-term loans: Nil
32. Financial liability measured by fair value and with its variation reckoned into current gains/losses: Nil
33. Derivative financial liability
□ Applicable √ Not applicable
34. Notes payable: Nil
35. Accounts payable
(1) Presentation of accounts payable by aging
In RMB/CNY
Item Ending balance Beginning balance
Inventory temporary warehousing 700,275.98 738,044.28
Sanya Yunwang Food Distribution Co.,
449,301.47 743,186.25
Ltd.
Hainan Huanyu Decoration Design
134,274.10 134,274.10
Engineering Co., Ltd.
Sanya Zhengzhuang Industrial Co., Ltd. 111,340.86 115,247.50
Sanya Sino French Water 56,002.63 47,698.36
Other 66,274.13 248,420.63
Over 3 years 134,301.14 134,301.14
Total 1,651,770.31 2,161,172.26
(2) Major payables with over one year account age
In RMB/CNY
80
司公限有份股心中游旅海东大南海 2018 文全告报度年半年
36. Advances from customers
(1) Presentation of advances from customers
In RMB/CNY
Item Ending balance Beginning balance
Room and meal charge 1,057,513.07 1,271,174.12
Total 1,057,513.07 1,271,174.12
(2) Significant advances from customers with aging more than one year
In RMB/CNY
Reasons for failure of
Item Ending balance
repayment or carry-forward
Guangzhou Nanbu Holiday International Travel Service Co., Ltd. Sanya
101,244.00 Unsettled
Branch
PEGAS ZHENG QINGBO 32,243.02 Unsettled
Hainan Qiongzhong Ecological Investment Guarantee Co., Ltd. 27,519.00 Unsettled
Sanya Public Security Fire Brigade 19,420.88 Unsettled
Tianhong Group Wuzhizhou Project Department 9,894.00 Unsettled
Total 190,320.90 --
(3) Projects settlement without unfinished at period-end from construction contract: Nil
37. Employee compensation payable
(1) Classification of employee compensation payable
In RMB/CNY
Beginning
Item Increase in the period Decrease in the period Ending balance
balance
I. Short-term compensation 2,459,015.93 6,463,131.41 6,937,683.99 1,984,463.35
II. Post-employment benefits -
499,680.13 499,680.13
defined contribution plans
Total 2,459,015.93 6,962,811.54 7,437,364.12 1,984,463.35
(2) Short-term compensation
In RMB/CNY
81
司公限有份股心中游旅海东大南海 2018 文全告报度年半年
Beginning
Item Increase in the period Decrease in the period Ending balance
balance
1. Salary, bonus, allowance and
1,479,102.46 5,272,790.73 5,774,948.39 976,944.80
subsidies
2. Employee welfare 714,640.46 714,640.46
3. Social insurance premiums 224,827.47 224,827.47
Including: Medical insurance
204,995.27 204,995.27
premiums
Work-related injury insurance
7,021.13 7,021.13
premiums
Maternity insurance premiums 12,811.07 12,811.07
4. Housing provident funds 78,478.00 65,620.00 12,858.00
5. Labor union funds and
979,913.47 172,394.75 157,647.67 994,660.55
employee education funds
Total 2,459,015.93 6,463,131.41 6,937,683.99 1,984,463.35
(3) Presentation of defined contribution plan
In RMB/CNY
Item Beginning balance Increase in the period Decrease in period Ending balance
1. Basic endowment
486,869.06 486,869.06
premiums
2. Unemployment
12,811.07 12,811.07
insurance premium
Total 499,680.13 499,680.13
Other explanation: Nil
38. Taxes payable
In RMB/CNY
Item Ending balance Beginning balance
Value added tax (VAT) 147,972.15 222,989.34
Individual income tax -0.01
Urban maintenance and construction tax 839.27 7,782.70
Education surtax 359.68 3,335.43
Local educational surcharge 239.80 2,223.64
Security for disabled person 19,245.72
Land use tax 108,590.91 108,590.91
Housing property tax 194,101.74 194,101.74
82
司公限有份股心中游旅海东大南海 2018 文全告报度年半年
Total 471,349.26 539,023.76
Other explanation: nil
39. Interest payable: Nil
40. Dividend payable: Nil
41. Other payables
(1) Presentation of other payables by nature
In RMB/CNY
Item Ending balance Beginning balance
Security deposit 868,000.00 711,046.99
Staff dormitory rental fees, etc. 528,000.00 521,534.64
Audit fees 285,003.21 285,003.21
Quality guarantee deposit for projects 123,029.67 193,066.10
Employee deposits 86,520.00 166,200.90
Project funds 331,111.03 162,569.78
Funds collected and remitted 68,346.68 100,036.07
Petty cash 28,446.80
Electric charges withheld 20,472.00 20,700.00
Individual current amounts 1,364.00
Announcement charge withholding 441,208.10 221,208.10
Other 142,880.87
Total 2,894,571.56 2,411,176.59
(2) Other significant payables with aging of over one year
In RMB/CNY
Item Ending balance Reason for non-repayment or carry-over
Hong Kong Deloitte & Touche LLP 285,003.21 Reason for non-repayment
Sanya Shuxin Housing Waterproof Engineering Limited 170,000.00 Reason for non-repayment
China Building Decoration Company Hainan Branch 161,111.03 Reason for non-repayment
Total 616,114.24 --
Other explanation: Nil
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司公限有份股心中游旅海东大南海 2018 文全告报度年半年
42. Liability held for sale: Nil
43. Non-current liability due within one year: Nil
44. Other current liability: Nil
45. Long-term loans: Nil
46. Bond payable: Nil
47. Long-term account payable
48. Long-term employee payable: nil
49. Special payable: nil
50. Estimated liabilities
In RMB
Item Ending balance Beginning balance Reasons
Other 1,489,685.04 1,489,685.04 Provisions for arrears of electricity tariffs
Total 1,489,685.04 1,489,685.04 --
Other explanation, including important assumptions and estimation for the major accrual liability:
On May 26, 2016, the Company received lawyer’s letter of Hainan Yunfan law firm which is entrusted by Hainan Power Grid Co.,
LTD Sanya Power Supply Bureau (hereinafter referred to as the "Sanya Power Supply Bureau"), the letter claims that Sanya Power
Supply Bureau found that the Company’s subsidiary South China Grand Hotel of Hainan Dadonghai Tourism Center (Holdings) Co.,
Ltd’s the amount of CT is different with its marketing management system record. The inconformity time is July, 2006, and the
hotel’s CT is changing on April, 2016. Therefore, undercounted electricity consumption amount is 10,313,373.00 kilowatt-hours, and
estimated cost is 7,200,165.75 Yuan as various electricity prices and charges.
According to the file “Law Advisory Opinion about Retroactive Power (Charge) Dispute between South China Grand Hotel and
Sanya Power Supply Bureau” issued by Beijing Junhe (Haikou) Law Firm at December 20, 2016, which claims that Sanya Power
Supply Bureau has responsibility for CT to purchase, install, enseal, unseal and change, therefore, the responsibility of the guilty
party for undercounted electricity consumption of South China Grand Hotel is Sanya Power Supply Bureau. According to the one
hundred and thirty-five item of “General Rule of Civil Law”, this item claims that limitation of action is two years if accuser request
people's court’s protection, except situations provided by law. The Company has withheld the undercounted electricity consumption
cost in 2016 which is about 1,489,685.04 Yuan during the period from April, 2014 to April, 2016.
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司公限有份股心中游旅海东大南海 2018 文全告报度年半年
51. Deferred income: nil
52. Other non-current liability: nil
53. Share capital
In RMB
Changes ( "+" for increase and "-" for decrease)
Beginning
Public reserve Ending balance
balance Issuance of Share Sub-tota
transferred to Others
new shares donation l
shares
Total
364,100,000.00 364,100,000.00
shares
Other explanation: nil
54. Other equity instrument: nil
55. Capital reserves
In RMB
Item Beginning balance Increase in 2017 Decrease in 2017 Ending balance
Capital premium (share
33,336,215.58 33,336,215.58
premium)
Other capital reserves 20,806,634.43 20,806,634.43
Total 54,142,850.01 54,142,850.01
Other explanation, including changes in the period and reasons: nil
56. Treasury stock: nil
57. Other consolidated income: nil
58. Reasonable reserve: nil
59. Surplus reserves: nil
60. Undistributed profits
In RMB
Item Current period Last period
Undistributed profits at the end of last year before adjustment -341,107,435.91 -343,966,434.57
Undistributed profits at the beginning of the year after adjustment -341,107,435.91 -343,966,434.57
Plus: net profit attributable to owners of the parent company in current period 1,282,165.58 1,719,253.80
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司公限有份股心中游旅海东大南海 2018 文全告报度年半年
Undistributed profit as at the end of the year -339,825,270.33 -342,247,180.77
Details about adjusting the retained profits at the beginning of the period:
1) The retroactive adjustments to Accounting Standards for Business Enterprises and its relevant new regulations affect the retained
profits at the beginning of the period amounting to 0 Yuan.
2) The changes in accounting policies affect the retained profits at the beginning of the period amounting to 0 Yuan.
3) The major accounting error correction affects the retained profits at the beginning of the period amounting to 0 Yuan
4) Merge scope changes caused by the same control affect the retained profits at the beginning of the period amounting to 0 Yuan.
5) Other adjustments affect the retained profits at the beginning of the period amounting to 0 Yuan
61. Operating income and operating costs
In RMB
Current period Last period
Item
Income Cost Income Cost
Main business 14,615,148.37 5,762,801.58 13,518,444.89 5,018,862.48
Other business 1,558,780.95 237,261.78 1,577,828.53 237,250.03
Total 16,173,929.32 6,000,063.36 15,096,273.42 5,256,112.51
62. Taxes and surcharges
In RMB
Item Current period Last period
Urban maintenance and construction tax 37,515.65 52,296.64
Educational surtax 26,796.89 37,289.14
Property tax 431,174.78 441,630.64
Land use tax 217,181.82 217,184.65
Vehicle and vessel use tax 3,669.06 4,980.00
Stamp tax 182.70 863.20
Total 716,520.90 754,244.27
Other explanation: nil
63. Sales expenses
In RMB
Item Current period Last period
1,841,236.40 1,532,804.73
Staff wages and benefits
285,734.45 224,176.69
Social workers insurance expenses
Depreciation 256,486.12 245,942.02
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Water and electricity fees 84,101.36 83,061.58
Repair charges 58,716.18 65,649.32
Other expenses 274,681.59 306,510.59
Total 2,800,956.10 2,458,144.93
Other explanation: nil
64. Administrative expenses
In RMB
Item Current period Last period
Salaries and welfares 2,809,454.64 2,630,309.99
Social insurance premium 266,303.18 325,482.11
Entertainment expenses 496,075.07 402,028.00
Travelling expenses 68,678.82 97,189.95
Amortization for the depreciation and land use right 550,590.01 552,843.49
Announcement fee and agency charge 656,245.72 640,800.00
Other 509,107.77 440,797.03
Total 5,356,455.21 5,089,450.57
Other explanation: nil
65. Financial expenses
In RMB
Item Current period Last period
Handling charges 40,293.06 24,107.51
Less: interest income -22,729.87 -204,780.17
Total 17,563.19 -180,672.66
Other explanation: nil
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66. Losses on assets impairment: nil
67. Gains from fair value changes: nil
68. Investment income: nil
69. Income from assets disposal: nil
70. Other income: nil
71. Non-operating income
In RMB
Amount included in non-recurring profit and loss
Item Current period Last period
in the current period
Other 273.00 260.00 273.00
Total 273.00 260.00 273.00
Government subsidies reckoned into current gains/losses: nil
72. Non-operating expenses
In RMB
Amount included in non-recurring
Item Current period Last period
profit and loss in the current period
Loss of non-current assets disposal 477.98 -477.98
Total 477.98 -477.98
Other explanation: nil
73. Income tax expenses: nil
74. Other comprehensive income
See Note
75. Notes to items of the cash flow statement
(1) Cash received from other operating activities
In RMB
Item Current period Last period
Interest income 22,729.87 204,780.17
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司公限有份股心中游旅海东大南海 2018 文全告报度年半年
Other 661,422.77 472,635.21
Total 684,152.64 677,415.38
Explanation: nil
(2) Cash paid for other operating activities
In RMB
Item Current period Last period
Social intercourse fees 497,075.07 402,028.00
Intermediary audit charges 400,000.00 400,000.00
Announcing fees 220,000.00 60,000.00
Travelling expenses 72,159.01 109,715.87
Promotion fee 26,619.18 21,162.60
Repair charges 98,889.97 100,191.70
Membership expenses of directors and supervisors 354,000.00
Other 359,828.93 690,202.00
Total 1,674,572.16 2,137,300.17
Explanation: nil
(3) Cash received from other investment activities: nil
(4) Cash paid for other investing activities
In RMB
Item Current period Last period
Wuhan AiEjia Co., Ltd 9,000,000.00
Total 9,000,000.00
Explanation: nil
(5) Cash received from other financing activities
In RMB
Item Current period Last period
Luoniushan Group Co., Ltd. 19,810,000.00
Total 19,810,000.00
Explanation: nil
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司公限有份股心中游旅海东大南海 2018 文全告报度年半年
(6) Cash paid for other financing activities
In RMB
Item Current period Last period
Luoniushan Group Co., Ltd. 10,000,000.00
CSRC 19,810,000.00
Total 29,810,000.00
Explanation: nil
76. Supplementary information to statement of cash flows
(1) Supplementary information to statement of cash flows
In RMB
Item Current period Last period
1. Net profit adjusted to cash flows from operating activities -- --
Net profits 1,282,165.58 1,719,253.80
Depreciation of fixed assets, depreciation and depletion of
oil and gas assets and depreciation of productive biological 1,799,584.50 1,591,987.78
assets
Amortization of intangible assets 434,363.58 434,363.58
Amortization of long-term fees to apportioned 609,770.58 292,184.70
Loss from fixed assets scrapping ("-" for gains) 477.98
Decreases in inventories ("-" for increases) -37,615.58 -34,035.33
Decreases in operating receivables ("-" for increases) -326,357.40 159,732.97
Increases in operating payables ("-" for decreases) -651,711.64 -932,414.40
Net cash flows from operating activities 3,110,677.60 3,231,073.10
2. Significant investing and financing activities not involving
-- --
cash receipts and payments
3. Net changes in cash and cash equivalents -- --
Balance of cash at the end of the period 10,751,658.64 10,108,175.91
Less: balance of cash at the beginning of the period 9,681,607.16 27,210,248.01
Net increase in cash and cash equivalents 1,070,051.48 -17,102,072.10
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司公限有份股心中游旅海东大南海 2018 文全告报度年半年
(2) Net cash payment for the acquisition of a subsidiary of the current period: nil
(3) Net cash received from the disposal of subsidiaries: nil
(4) Breakdown of cash and cash equivalents
In RMB
Item Ending balance Beginning balance
I. Cash 10,751,658.64 9,681,607.16
Including: cash on hand 383,507.23 264,156.33
Unrestricted bank deposits 10,368,151.41 9,417,450.83
III. Ending balance of cash and cash equivalents 10,751,658.64 9,681,607.16
Other explanation: nil
77. Notes for the statement of owners equity changes
Explain the items and adjusted amounted which have adjusted in “Other” of last year’s ending balance: nil
78. Assets with ownership or use right restricted: nil
79. Item of foreign currency
(1) Item of foreign currency: nil
(2) Explanation on foreign operational entity, including as for the major foreign operational entity,
disclosed main operation place, book-keeping currency and basis for selection; if the book-keeping
currency changed, explain reasons
□ Applicable √ Not applicable
80. Hedging
Released the items and relevant instruments by types, and qualitative and quantitative information for hedge risks: nil
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司公限有份股心中游旅海东大南海 2018 文全告报度年半年
81. Other
VIII. Changes of consolidation range
1. Enterprise consolidation not under the same control: nil
2. Enterprise consolidation under the same control: nil
3. Counter purchase
Basic information of transactions, basis of transactions constituting counter purchase, whether assets and liabilities reserved by listed
companies constituting business and their basis, confirmation of combined cost, the amount occurred when adjusting rights and
interests in accordance with equity transaction and its calculation: Nil
4. Disposal of subsidiaries
Losing controlling rights while dispose subsidiary on one-time
□Yes √No
Dispose subsidiary step by step through multi-dealings and losing controlling rights in the Period
□Yes √No
5. Changes of combination scope
Other reasons contributed the changes for combination scope (e.g. new subsidiary established, liquidate subsidiary etc.): nil
At end of the period, wholly-owned subsidiary Hainan Wengao Tourism Resources Development Co., Ltd. included in combination
scope
6. Other
IX. Equity in other entity
1. Equity in the subsidiary: nil
2. Changes in the owner's equity share of the subsidiary and the transaction is still controlled subsidiary:
nil
3. Equity in arrangement of joint venture or associated enterprises: nil
4. Important common management: nil
5. Equity in structured entities not included in the consolidated financial statements
Relevant examination: nil
Hainan Wengao Tourism Resources Development Co., Ltd. is a wholly-owned subsidiary invested and established by the company in
92
司公限有份股心中游旅海东大南海 2018 文全告报度年半年
June 2018. It has just completed the registration procedures and has not yet started operation. During the reporting period, no
significant expenses and expenditures incurred, its financial status and operating results did not have a significant impact on the
company, Hainan Wengao Tourism Resources Development Co., Ltd. was not included in the consolidated financial statements of the
company during the reporting period
6. Other
X. Risks related to financial instruments
XI. Fair value disclosures: nil
XII. Related parties and related-party transactions
1. Parent company
Registered Registered Capital Shareholding ratio Voting ratio in the
Parent company Nature of Business
place
in the Company Company
1151.15 million
Luoniushan Co., Ltd. Haikou City Plant and culturing 17.55% 19.80%
Yuan
Note
As of 30 June 2018, Luoniushan Co., Ltd. (hereinafter referred to as Luoniushan) and its wholly-owned subsidiary Hainan Ya’anju
Property Service Co., Ltd. holds 72,091,780 shares of the Company under A-stock, totally takes 19.80% in total share capital of the
Company, and it is the first largest shareholder of the Company.
Ultimate controlling party:
Other note: nil
2. Subsidiary of the Enterprise
Found more in Notes
3. Cooperative enterprise and joint venture
Found more in Notes
Other cooperative enterprise or joint ventures which has related transaction with the Company in the period or occurred previous: Nil
93
司公限有份股心中游旅海东大南海 2018 文全告报度年半年
4. Other related party: nil
5. Related transaction: nil
6. Receivable/payable items of related parties
(1) Receivable
In RMB
Ending balance Beginning balance
Item Related party Provision for bad Provision for bad
Book balance Book balance
debt debt
Account
Luoniushan Co., Ltd. 65,420.00 166,412.00
receivable
(2) Payable item: nil
7. Commitments of related party
8. Other
XIII. Share-based payment
1. Share-based payment
□ Applicable √ Not applicable
2. Settled by equity
□ Applicable √ Not applicable
3. Settled by cash
□ Applicable √ Not applicable
4. Modification and termination of share-base payment
5. Other
XIV. Commitments and contingencies
1. Material commitments
Major commitments on balance sheet date
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司公限有份股心中游旅海东大南海 2018 文全告报度年半年
Nil
2. Contingencies
(1) Major contingencies on balance sheet date
On May 26,2016 ， the Company received lawyer’s letter of Hainan Yunfan law firm which is entrusted by Hainan
Power Grid Co., LTD Sanya Power Supply Bureau (hereinafter referred to as the "Sanya Power Supply Bureau"),
the letter claims that Sanya Power Supply Bureau found that the Company’s subsidiary South China Grand Hotel
of Hainan Dadonghai Tourism Center (Holdings) Co., Ltd’s the amount of CT is different with its marketing
management system record. The inconformity time is July, 2006, and the hotel’s CT is changing on April, 2016.
Therefore, undercounted electricity consumption amount is 10,313,373.00 kilowatt-hours, and estimated cost is
7,200,165.75 Yuan as various electricity prices and charges.
According to the file “Law Advisory Opinion about Retroactive Power (Charge) Dispute between South China
Grand Hotel and Sanya Power Supply Bureau” issued by Beijing Junhe (Haikou) Law Firm on December 20,
2016, which claims that Sanya Power Supply Bureau has responsibility for CT to purchase, install, enseal, unseal
and change, therefore, the responsibility of the guilty party for undercounted electricity consumption of South
China Grand Hotel is Sanya Power Supply Bureau. According to the one hundred and thirty-five item of “General
Rule of Civil Law”, this item claims that limitation of action is two years if accuser request people's court’s
protection, except situations provided by law. The Company has withheld the undercounted electricity
consumption cost in 2016 which is about 1,489,685.04 Yuan during the period from April, 2014 to April, 2016.
The event has no further progress up to 31 December 2017.
(2) For no major contingencies disclosed, explain reasons
The Company has no major contingencies should be disclosed
3. Other
XV. Event after balance sheet date
1. Major non-adjustment events: nil
2. Profit distribution: nil
95
司公限有份股心中游旅海东大南海 2018 文全告报度年半年
3. Sales return: nil
4. Explanation on other events after balance sheet date: nil
XVI. Other significant events
1. Correction of accounting errors in previous periods: nil
2. Debt reorganization: nil
3. Assets replacement: nil
4. Annuity plan: nil
5. Termination of operation: nil
6. Segment information: nil
7. Major trading and items shows influence on investors’ decision-making: nil
8. Other
In accordance with the requirements of the Regulatory Guidelines of Listed Companies No. 4 - Actual Controller,
Shareholders, Related Parties, Purchaser and Commitments and Fulfillment of Listed Companies (CSRC
Announcement No. [2013] 55) of China Securities Regulatory Commission, on June 7, 2014, Luoniushan Co., Ltd.
(hereinafter referred to as “Luoniushan”) sent out the Letter about Changing the Commitments of Luoniushan Co.,
Ltd. to Hainan Dadonghai Tourism Centre (Holdings) Co., Ltd. to the Company, and made commitments that
Luoniushan shall actively seek reorganization party to reorganize the assets of Dadonghai within three years from
the date the Company’s general meeting of shareholders considered and approved this commitment. The above
matters have been considered and approved by the general meeting of shareholders of Dadonghai on June 27,
2014.
On February 22, 2017, the Company received from Luoniushan a Letter on Progress in the Planning of
Commitment Implementation, in which Luoniushan intended to transfer 100% of the equity it held in the
Industrial Company, a wholly-owned subsidiary (specifically, the Industrial Company will first be transferred with
part of financial assets equity held by Luniushan and of 6.91% equity of Sanya Rural Commercial Bank Co., Ltd.)
to the Company, the transaction was made in cash with transaction amount of about RMB300 million. The
proposal was not adopted at the 11th extraordinary meeting of the eighth board of directors of the Company due to
the Company's lack of sufficient debt repayment ability.
On June 23, 2017, Luoniushan issued to the Company a Letter on Change in Term of Commitment by
96
司公限有份股心中游旅海东大南海 2018 文全告报度年半年
Luoyunshan Co., Ltd. to Hainan Dadonghai Tourism Centre (Holdings) Co., Ltd., extending Luoniushan's
performance period of the above restructuring commitment of the Company by 6 months, whichmeans the
deadline for the fulfillment of reorganization commitment was changed to December 27, 2017.As the
reorganization would take a certain amount of time, on November29, 2017, Luoniushan again applied to extend
the performance period of the reorganization commitment for two years, that is, the performance deadline of the
reorganization commitment was changed from December 27, 2017 to December 26, 2019, which was not
approved at the fourth extraordinary general meeting of shareholders of the Company in 2017.
XVII. Note on financial statement of parent company
1. Accounts receivable: nil
2. Other receivables: nil
3. Long-term equity investment: nil
4. Operation income and operation cost: nil
5. Investment income: nil
6. Other: nil
XVIII. Supplementary information
1. Details of current non-recurring profits and losses
√ Applicable □ Not applicable
In RMB
Item Amount Note
Profits or losses from disposal of non-current assets -477.98 Loss from fixed assets scrapping
Other non-operating income and expense other than the
273.00 Refund of vehicle tolls
abovementioned ones
Total -204.98 --
Concerning the extraordinary profit (gain)/loss defined by Q&A Announcement No.1 on Information Disclosure for Companies
Offering Their Securities to the Public --- Extraordinary Profit/loss, and the items defined as recurring profit (gain)/loss according to
the lists of extraordinary profit (gain)/loss in Q&A Announcement No.1 on Information Disclosure for Companies Offering Their
Securities to the Public --- Extraordinary Profit/loss, explain reasons
□ Applicable √ Not applicable
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司公限有份股心中游旅海东大南海 2018 文全告报度年半年
2. Return on net assets and earnings per share
Earnings per share (RMB)
Weighted
Profit during the reporting period average return Basic earnings per Diluted earnings per
on net assets (%) share share
Net profits attributable to ordinary shareholders of the
1.65% 0.0035 0.0035
Company
Net profits attributable to ordinary shareholders of the
1.65% 0.0035 0.0035
Company after deduction of non-recurring profits or losses
3. Accounting difference between IFRS and CAS
(1) Difference of the net profit and net assets disclosed in financial report, under both IAS (International
Accounting Standards) and Chinese GAAP (Generally Accepted Accounting Principles)
□ Applicable √ Not applicable
(2) Difference of the net profit and net assets disclosed in financial report, under both foreign accounting
rules and Chinese GAAP (Generally Accepted Accounting Principles)
□ Applicable √ Not applicable
(3) Explanation on data differences under the accounting standards in and out of China; as for the
differences adjustment audited by foreign auditing institute, listed name of the institute
4. Other
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司公限有份股心中游旅海东大南海 2018 文全告报度年半年
Section XI. Documents available for references
I. Text of Semi-Annual Report 2018 with signature of the legal person;
II. Financial statement with signature and seal of legal person, person in charge of accounting works and person in
charge of accounting organ (accountant in charge);
III. The original manuscripts of all documents and announcements of the Company publicly disclosed on website
appointed by CSRC;
IV. Other relevant documents
The above said documents are prepared in the security department of the Company
HAINAN DADONGHAI TOURISM CENTER (HOLDINGS) CO., LTD.
Chairman: Yuan Xiaoping
9 August 2018
99
