Stock Code: 000613, 200613 Short Form of the Stock: ST Donghai-A, ST Donghai-B
海南大东海旅游中心股份有限公司
Hainan Dadonghai Tourism Centre (Holdings) Co., Ltd.
The Third Quarterly Report for 2009
(Full Text)
Disclosure Date: October 30, 2009Hainan Dadonghai Tourism Centre (Holdings) Co., Ltd. The Third Quarterly Report for 2009 (Full Text)
2
Hainan Dadonghai Tourism Centre (Holdings) Co., Ltd.
The Third Quarterly Report for 2009
(Full Text)
§1. Important Notes
1.1 The Board of Directors and the Supervisory Committee of Hainan Dadonghai Tourism Centre
(Holdings) Co., Ltd. (hereinafter referred to as the Company), along with all its directors,
supervisors and senior executives hereby confirm that there are no any important omissions,
fictitious statements or serious misleading information carried in this report, and shall take all
responsibilities, individual and/or joint, for the reality, accuracy and completion of the whole
contents.
1.2 The Third Quarterly Financial Report 2009 of the Company has not been audited by CPAs.
1.3 Mr. Li Yuanbin, Principal of the Company; Mr. Chen Liurong, Person in Charge of Accounting
Works; and Mr. Li Zhi, Person in Charge of Accounting Organ (Accounting Officer) hereby confirm
that the Financial Report of the Third Quarterly Report is true and complete.
§2. Company Profile
2.1 Main accounting highlights and financial indexes:
Unit: RMB
Sep. 30, 2009 Dec. 31, 2008 Increase/decrease scope
(%)
Total assets (RMB) 123,550,836.20 132,281,018.92 -6.60%
Owners’ equities attributable to the
shareholders of listed company
(RMB)
86,381,337.39 89,582,040.24 -3.57%
Share capital (Share) 364,100,000.00 364,100,000.00 0.00%
Net assets per share attributable to
the shareholders of listed company
(RMB/Share)
0.24 0.25 -4.00%
July-Sep. 2009
Increase/decrease
over the same
period of the last
year (%)
Jan.-Sep. 2009
Increase/decrease
over the same
period of the last
year (%)
Total operating income (RMB) 5,591,230.70 -9.43% 21,654,995.91 -11.36%
Net profit attributable to the
shareholders of listed company
(RMB)
-961,493.35 67.73% -3,200,702.85 -247.23%
Net cash flow arising from operating
activities (RMB) - - -1,849,764.90 -189.51%
Net cash flow arising from operating
activities per share (RMB/Share) - - -0.0051 -189.47%
Basic earnings per share
(RMB/Share) -0.0026 68.29% -0.0088 -252.00%
Diluted earnings per share
(RMB/Share) -0.0026 68.29% -0.0088 -252.00%
Return on equity (%) -1.11% 67.16% -3.71% -256.73%
Return on equity after deducting
non-recurring gains and losses (%) -1.23% 69.02% -3.74% -211.67%Hainan Dadonghai Tourism Centre (Holdings) Co., Ltd. The Third Quarterly Report for 2009 (Full Text)
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Unit: RMB
Items of non-recurring gains and losses Amount from year begin to
the end of report period Remarks
Non-operating income 255,490.50 —
Non-operating expenditure -222,093.14 —
Total 33,397.36 —
2.2 Total number of shareholders at the end of the report period and shares held by the top ten
shareholders with unrestricted conditions
Unit: Share
Total number of shareholders
at the end of report period 30,404
Particulars about the shares held by the top ten shareholders with unrestricted conditions
Full Name of shareholder Unrestricted shares held Type of shares
Haikou Grocery Co., Ltd. (Haikou
Agriculture & Industry & Trade
(Luoniushan) Co., Ltd.)
29,361,820 RMB common share
Hainan Sanya Yinnong Industrial
Development Co., Ltd. 6,930,000 RMB common share
Shi Yajun 6,462,250 RMB common share
Wu Mingxiao 5,068,971 RMB common share
Su Youhe 4,845,783 Domestically listed foreign share
Yangpu Tongrong Investment
Management Consultation Co., Ltd. 3,805,600 RMB common share
CITRINE CAPITAL LIMITED 3,265,200 Domestically listed foreign share
China Foreign Economy and Trade Trust
Co., Ltd. 2,772,000 RMB common share
Wang Wen 2,614,449 RMB common share
Zhang Dongqi 2,549,500 RMB common share
§3. Significant events
3.1 Particulars about material changes in items of main accounting statement and financial index,
and explanations of reasons
√Applicable □Inapplicable
Particulars about the material changes of main items in accounting statements and financial indexes
of the Company, together with reasons accounting for these changes:
1. Monetary capital has decreased by RMB 3,315,857.22 in comparison with that of year-begin, with
decrease rate of 55.18%. Main reason accounting for the decline: income from hotel business has
fallen down in this report period.
2. Account receivables have decreased by RMB 750,488.49 in comparison with that of year-begin,
with decrease rate of 21.83%. Main reason accounting for the decline: the Hotel promptly taken back
sales accounts.
3. Account paid in advance has increased by RMB 400,101.50 in comparison with that of year-begin,
with increase rate of 605.11%. Main reason accounting for the growth: the Hotel paid accounts in
advance for purchasing raw materials, to make preparation for operation during the National Holiday.Hainan Dadonghai Tourism Centre (Holdings) Co., Ltd. The Third Quarterly Report for 2009 (Full Text)
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4. Other receivables have increased by RMB 99,975.77 in comparison with that of year-begin, with
increase rate of 67.85%. Main reason accounting for the growth: borrowings of the employees of the
Hotel for carrying out business.
5. Tax payables have decreased by RMB 1,505,939.23 in comparison with that of year-begin, with
decrease rate of 984.27%. Main reason accounting for the decline: the Hotel handed in business
taxes.
6. Total operating revenue has decreased by RMB 2,774,714.69 in year-on-year comparison, with
decrease rate of 11.36%. Main reason accounting for the decline: the hotel occupancy and average
room price of the Hotel has fallen down.
7. Operating cost has increased by RMB 609,198.29 in year-on-year comparison, with increase rate
of 23.73%. Main reason accounting for the growth: income from dainty has taken a higher
proportion; meanwhile, scattered meals have decreased and group meals have increased.
8. Financial expense has decreased by RMB 419,657.38 in year-on-year comparison, with decrease
rate of 76.37%. Main reason accounting for the decline: creditors reduced and exempted debt
interests of the Company.
9. Operating profit has decreased by RMB 2,175,570.51 in year-on-year comparison, with decrease
rate of 205.53%. Main reason accounting for the decline: income has decreased and cost has
increased.
10. Net profit has decreased by RMB 2,278,926.33 in year-on-year comparison, with decrease rate of
247.23%. Main reason accounting for the decline: income has decreased and expenditure for cost
expense has increased.
11. Net cash flow arising from operating activities has decreased by RMB 3,916,420.45 in
year-on-year comparison, with decrease rate of 189.51%. Main reason accounting for the decline:
hotel income has decreased and expenditure for cost expense has increased.
3.2 Progress of significant events, their influences, and analysis and explanation of their solutions
□Applicable √Inapplicable
3.3 Implementations of commitments by the Company, shareholders and actual controller
√Applicable □Inapplicable
Commitments Content of commitments Implementation
Commitments for Share Merger
Reform
For details, please read the
7.6 Implementations of the
Commitments in Summary of
Annual Report 2008.
Strictly performed
Commitments on share restriction
for trading Naught Naught
Commitments made in Acquisition
Report or Reports on Change in
Interests
Naught Naught
Commitments made in Material
Assets Reorganization Naught Naught
Commitments made in issuing Naught Naught
Other commitments (including
additional commitments) Naught Naught
3.4 Estimation of accumulative net profit from the beginning of the year to the end of next report
period to be loss probably or the warning of its material change compared with the corresponding
period of the last year and explanation of reason
□Applicable √InapplicableHainan Dadonghai Tourism Centre (Holdings) Co., Ltd. The Third Quarterly Report for 2009 (Full Text)
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3.5 Particulars about the other significant events which needed explanations
Naught
3.5.1 Activities on receiving research, communication and interview in the report period
In the report period, the Company did not receive spot investigation, telephone communication or
written enquiries from the investors
3.6 Particulars about derivatives investment
□Applicable √Inapplicable
3.6.1 Particulars about the positions of derivatives investment at the end of report period
□Applicable √Inapplicable
§4. Appendix
4.1 Balance sheet
Prepared by Hainan Dadonghai Tourism Centre (Holdings) Co., Ltd. Sep. 30, 2009 Unit: RMB
Balance at period-end Balance at year-begin
Items Consolidation Parent Company Consolidation Parent Company
Current assets:
Monetary funds 2,693,746.23 2,693,746.23 6,009,603.45 6,009,603.45
Settlement provisions
Capital lent
Transaction finance asset
Notes receivable
Accounts receivable 2,687,386.66 2,687,386.66 3,437,875.15 3,437,875.15
Accounts paid in advance 466,221.50 466,221.50 66,120.00 66,120.00
Insurance receivable
Reinsurance receivables
Contract reserve of
reinsurance receivable
Interest receivable
Dividend receivable
Other receivables 247,327.65 247,327.65 147,351.88 147,351.88
Purchase restituted finance
asset
Inventories 553,648.75 553,648.75 583,609.64 583,609.64
Non-current asset due
within one year
Other current assets 8,669,919.00 8,669,919.00 8,669,919.00 8,669,919.00
Total current assets 15,318,249.79 15,318,249.79 18,914,479.12 18,914,479.12
Non-current assets:
Granted loans and advances
Finance asset available for
salesHainan Dadonghai Tourism Centre (Holdings) Co., Ltd. The Third Quarterly Report for 2009 (Full Text)
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Held-to-maturity
investment
Long-term account
receivable
Long-term equity
investment
Investment property
Fixed assets 76,451,651.14 76,451,651.14 80,934,059.16 80,934,059.16
Construction in progress
Engineering material
Disposal of fixed asset
Productive biological asset
Oil and gas asset
Intangible assets 31,780,935.27 31,780,935.27 32,432,480.64 32,432,480.64
Expense on Research and
Development
Goodwill
Long-term expenses to be
apportioned
Deferred income tax asset
Other non-current asset
Total non-current asset 108,232,586.41 108,232,586.41 113,366,539.80 113,366,539.80
Total assets 123,550,836.20 123,550,836.20 132,281,018.92 132,281,018.92
Current liabilities:
Short-term loans
Loan from central bank
Absorbing deposit and
interbank deposit
Capital borrowed
Transaction financial
liabilities
Notes payable
Accounts payable 2,214,498.83 2,214,498.83 1,919,594.13 1,919,594.13
Accounts received in
advance 2,316,405.01 2,316,405.01
Selling financial asset of
repurchase
Commission charge and
commission payable
Wage payable 4,843,370.96 4,843,370.96 5,042,221.88 5,042,221.88
Taxes payable -1,352,938.21 -1,352,938.21 153,001.02 153,001.02
Interest payable
Dividend payable
Other accounts payable 31,464,567.23 31,464,567.23 33,267,756.64 33,267,756.64
Reinsurance payables
Insurance contract reserve
Security trading of agencyHainan Dadonghai Tourism Centre (Holdings) Co., Ltd. The Third Quarterly Report for 2009 (Full Text)
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Security sales of agency
Non-current liabilities due
within 1 year
Other current liabilities
Total current liabilities 37,169,498.81 37,169,498.81 42,698,978.68 42,698,978.68
Non-current liabilities:
Long-term loans
Bonds payable
Long-term account payable
Special accounts payable
Projected liabilities
Deferred income tax liabilities
Other non-current liabilities
Total non-current liabilities
Total liabilities 37,169,498.81 37,169,498.81 42,698,978.68 42,698,978.68
Owner’s equity (or shareholders’
equity):
Paid-in capital (or share
capital) 364,100,000.00 364,100,000.00 364,100,000.00 364,100,000.00
Capital public reserve 54,142,850.01 54,142,850.01 54,142,850.01 54,142,850.01
Less: Inventory shares
Reasonable reserve
Surplus public reserve
Provision of general risk
Retained profit -331,861,512.62 -331,861,512.62 -328,660,809.77 -328,660,809.77
Balance difference of
foreign currency translation
Total owner’s equity attributable
to parent company 86,381,337.39 86,381,337.39 89,582,040.24 89,582,040.24
Minority interests
Total owner’s equity 86,381,337.39 86,381,337.39 89,582,040.24 89,582,040.24
Total liabilities and owner’s
equity 123,550,836.20 123,550,836.20 132,281,018.92 132,281,018.92
4.2 Profit statement in the report period
Prepared by Hainan Dadonghai Tourism Centre (Holdings) Co., Ltd. July-Sep. 2009 Unit: RMB
This period The same period of last year
Items Consolidation Parent Company Consolidation Parent Company
I. Total operating income 5,591,230.70 5,591,230.70 6,173,699.56 6,173,699.56
Including: Operating income 5,591,230.70 5,591,230.70 6,173,699.56 6,173,699.56
Interest income
Insurance gained
Commission charge and
commission income
II. Total operating cost 6,649,619.55 6,649,619.55 9,678,042.41 9,678,042.41Hainan Dadonghai Tourism Centre (Holdings) Co., Ltd. The Third Quarterly Report for 2009 (Full Text)
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Including: Operating cost 911,101.65 911,101.65 1,004,197.97 1,004,197.97
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 307,517.69 307,517.69 339,553.48 339,553.48
Sales expenses 3,773,227.97 3,773,227.97 3,893,865.24 3,893,865.24
Administration expenses 1,616,524.79 1,616,524.79 4,271,949.68 4,271,949.68
Financial expenses 41,247.45 41,247.45 177,326.04 177,326.04
Losses of devaluation of
asset -8,850.00 -8,850.00
Add: Changing income of
fair value(Loss is listed with “-”)
Investment income (Loss is
listed with “-”)
Including: Investment
income on affiliated company
and joint venture
Exchange income (Loss is
listed with “-”)
III. Operating profit (Loss is
listed with “-”) -1,058,388.85 -1,058,388.85 -3,504,342.85 -3,504,342.85
Add: Non-operating income 96,895.50 96,895.50 73,493.00 73,493.00
Less: Non-operating
expense
Including: Disposal loss of
non-current asset
IV. Total Profit (Loss is listed
with “-”) -961,493.35 -961,493.35 -3,430,849.85 -3,430,849.85
Less: Income tax expense -451,633.20 -451,633.20
V. Net profit (Net loss is listed
with “-”) -961,493.35 -961,493.35 -2,979,216.65 -2,979,216.65
Net profit attributable to
owner’s of parent company -961,493.35 -961,493.35 -2,979,216.65 -2,979,216.65
Minority shareholders’ gains
and losses
VI. Earnings per share
i. Basic earnings per share -0.0026 -0.0026 -0.0082 -0.0082
ii. Diluted earnings per share -0.0026 -0.0026 -0.0082 -0.0082
VII. Other consolidated income
VIII. Total consolidated income -961,493.35 -961,493.35 -2,979,216.65 -2,979,216.65
Total consolidated income
attributable to owners of parent
company
-961,493.35 -961,493.35 -2,979,216.65 -2,979,216.65Hainan Dadonghai Tourism Centre (Holdings) Co., Ltd. The Third Quarterly Report for 2009 (Full Text)
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Total consolidated income
attributable to minority
shareholders
4.3 Profit statement from year-begin to the end of report period
Prepared by Hainan Dadonghai Tourism Centre (Holdings) Co., Ltd. Jan.-Sep. 2009 Unit: RMB
Amount in this period Amount in last period
Items Consolidation Parent Company Consolidation Parent Company
I. Total operating income 21,654,995.91 21,654,995.91 24,429,710.60 24,429,710.60
Including: Operating income 21,654,995.91 21,654,995.91 24,429,710.60 24,429,710.60
Interest income
Insurance gained
Commission charge and
commission income
II. Total operating cost 24,889,096.12 24,889,096.12 25,488,240.30 25,488,240.30
Including: Operating cost 3,599,127.30 3,599,127.30 2,908,929.01 2,908,929.01
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 1,191,024.78 1,191,024.78 1,343,634.08 1,343,634.08
Sales expenses 11,038,610.35 11,038,610.35 10,355,657.55 10,355,657.55
Administration expenses 8,930,495.95 8,930,495.95 10,334,810.30 10,334,810.30
Financial expenses 129,837.74 129,837.74 549,495.12 549,495.12
Losses of devaluation of asset -4,285.76 -4,285.76
Add: Changing income of
fair value(Loss is listed with “-”)
Investment income (Loss is
listed with “-”)
Including: Investment income
on affiliated company and joint
venture
Exchange income (Loss is
listed with “-”)
III. Operating profit (Loss is
listed with “-”) -3,234,100.21 -3,234,100.21 -1,058,529.70 -1,058,529.70
Add: Non-operating income 255,490.50 255,490.50 275,272.30 275,272.30
Less: Non-operating expense 222,093.14 222,093.14 138,519.12 138,519.12
Including: Disposal loss of
non-current asset
IV. Total Profit (Loss is listed
with “-”) -3,200,702.85 -3,200,702.85 -921,776.52 -921,776.52Hainan Dadonghai Tourism Centre (Holdings) Co., Ltd. The Third Quarterly Report for 2009 (Full Text)
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Less: Income tax expense
V. Net profit (Net loss is listed
with “-”) -3,200,702.85 -3,200,702.85 -921,776.52 -921,776.52
Net profit attributable to
owner’s of parent company -3,200,702.85 -3,200,702.85 -921,776.52 -921,776.52
Minority shareholders’ gains
and losses
VI. Earnings per share
i. Basic earnings per share -0.0088 -0.0088 -0.0025 -0.0025
ii. Diluted earnings per share -0.0088 -0.0088 -0.0025 -0.0025
VII. Other consolidated income
VIII. Total consolidated income -3,200,702.85 -3,200,702.85 -921,776.52 -921,776.52
Total consolidated income
attributable to owners of parent
company
-3,200,702.85 -3,200,702.85 -921,776.52 -921,776.52
Total consolidated income
attributable to minority
shareholders
4.4 Cash flow statement from year-begin to the end of report period
Prepared by Hainan Dadonghai Tourism Centre (Holdings) Co., Ltd. Jan.-Sep. 2009 Unit: RMB
Amount in this period Amount in last period
Items Consolidation Parent Company Consolidation Parent Company
I. Cash flows arising from
operating activities:
Cash received from selling
commodities and providing labor
services
20,089,079.33 20,089,079.33 21,459,158.50 21,459,158.50
Net increase of customer
deposit and interbank deposit
Net increase of loan from
central bank
Net increase of capital
borrowed from other financial
institution
Cash received from original
insurance contract fee
Net cash received from
reinsurance business
Net increase of insured
savings and investment
Net increase of disposal of
transaction financial asset
Cash received from interest,
commission charge and
commission
Net increase of capital
borrowed
Net increase of returned
business capital
Write-back of tax received
Other cash received 274,225.07 274,225.07 3,095,482.84 3,095,482.84Hainan Dadonghai Tourism Centre (Holdings) Co., Ltd. The Third Quarterly Report for 2009 (Full Text)
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concerning operating activities
Subtotal of cash inflow
arising from operating activities 20,363,304.40 20,363,304.40 24,554,641.34 24,554,641.34
Cash paid for purchasing
commodities and receiving labor
service
5,312,181.02 5,312,181.02 3,846,851.58 3,846,851.58
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 5,995,530.04 5,995,530.04 5,080,811.29 5,080,811.29
Taxes paid 3,216,028.82 3,216,028.82 1,477,071.07 1,477,071.07
Other cash paid concerning
operating activities 7,689,329.42 7,689,329.42 12,083,251.85 12,083,251.85
Subtotal of cash outflow
arising from operating activities 22,213,069.30 22,213,069.30 22,487,985.79 22,487,985.79
Net cash flows arising from
operating activities -1,849,764.90 -1,849,764.90 2,066,655.55 2,066,655.55
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
720.00 720.00
Net cash received from
disposal of subsidiaries and other
units
Other cash received
concerning investing activities
Subtotal of cash inflow from
investing activities 720.00 720.00
Cash paid for purchasing
fixed, intangible and other
long-term assets
1,466,812.32 1,466,812.32 636,349.75 636,349.75
Cash paid for investment
Net increase of mortgaged
loans
Net cash received from
subsidiaries and other units
Other cash paid concerning
investing activities
Subtotal of cash outflow
from investing activities 1,466,812.32 1,466,812.32 636,349.75 636,349.75
Net cash flows arising from -1,466,092.32 -1,466,092.32 -636,349.75 -636,349.75Hainan Dadonghai Tourism Centre (Holdings) Co., Ltd. The Third Quarterly Report for 2009 (Full Text)
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investing activities
III. Cash flows arising from
financing activities
Cash received from
absorbing investment
Including: Cash received
from absorbing minority
shareholders’ investment by
subsidiaries
Cash received from loans
Cash received from issuing
bonds
Other cash received
concerning financing activities
Subtotal of cash inflow from
financing activities
Cash paid for settling debts
Cash paid for dividend and
profit distributing or interest
paying
Including: Dividend and
profit of minority shareholder
paid by subsidiaries
Other cash paid concerning
financing activities
Subtotal of cash outflow
from financing activities
Net cash flows arising from
financing activities
IV. Influence on cash and cash
equivalents due to fluctuation in
exchange rate
V. Net increase of cash and cash
equivalents -3,315,857.22 -3,315,857.22 1,430,305.80 1,430,305.80
Add: Balance of cash and
cash equivalents at the period
-begin
6,009,603.45 6,009,603.45 2,424,831.17 2,424,831.17
VI. Balance of cash and cash
equivalents at the period -end 2,693,746.23 2,693,746.23 3,855,136.97 3,855,136.97
4.5 Auditor’s report
Auditor’s opinions: Un-audited
Chairman: Li Yuanbin
Board of Directors of
Hainan Dadonghai Tourism Centre (Holdings) Co., Ltd.
October 28, 2009
