Short Form of the Stock: ST Donghai-A, ST Donghai-B Stock Code: 000613, 200613
海南大东海旅游中心股份有限公司
Hainan Dadonghai Tourism Centre (Holdings) Co., Ltd.
The 1st Quarterly Report 2010
(Full Text)
Disclosure Date: April 28, 2010Hainan Dadonghai Tourism Centre (Holdings) Co., Ltd. The 1st Quarterly Report for 2010 (Full Text)
2
Hainan Dadonghai Tourism Centre (Holdings) Co., Ltd.
The First Quarterly Report 2010 (Full Text)
§1. Important Notes
1.1 Board of Directors and the Supervisory Committee of Hainan Dadonghai Tourism Centre
(Holdings) Co., Ltd. (hereinafter referred to as the Company) and its directors, supervisors and
senior executives hereby confirm that there are no any fictitious statements, misleading statements,
or important omissions carried in this report, and shall take all responsibilities, individual and/or
joint, for the reality, accuracy and completion of the whole contents.
1.2 The First Quarterly Financial Report of 2010 has not been audited by CPAs.
1.3 Mr. Li Yuanbin, Principal of the Company; Mr. Chen Liurong, Person in Charge of Financial
Works; and Mr. Li Zhi, Person in Charge of Accounting Organ (Accounting Supervisor) hereby
confirm that the Financial Report of the First Quarterly Report is true and complete.
§2. Company Profile
2.1 Main accounting highlights and financial indexes:
Unit: RMB
At the end of the report
period
At the period-end of the
last year
Changes of
increase/decrease (%)
Total assets (RMB) 128,964,284.45 127,282,080.92 1.32%
Owners’ equity attributable to
shareholders of the listed company
(RMB)
87,626,766.73 86,585,398.67 1.20%
Share capital (Share) 364,100,000.00 364,100,000.00 0.00%
Net asset per share attributable to
shareholders of listed company
(RMB/Share)
0.24 0.24 0.00%
In the report period The same period of last
year
Changes of
increase/decrease (%)
Total operating income (RMB) 13,962,914.80 11,684,151.86 19.50%
Net profit attributable to shareholders of
the listed company (RMB) 1,041,368.06 559,151.70 86.24%
Net cash flow arising from operating
activities (RMB) 1,139,770.66 749,165.75 52.14%
Net cash flow arising from operating
activities per share (RMB/Share) 0.0031 0.0021 47.62%
Basic earnings per share (RMB/Share) 0.0029 0.0015 93.33%
Diluted earnings per share (RMB/Share) 0.0029 0.0015 93.33%
Weighted average return on equity (%) 1.20% 0.62% 0.58%
Weighted average return on equity after
deducting non-recurring gains and losses
(%)
1.04% 0.54% 0.50%
Items of non-recurring gains and losses Amount from year-begin
to the end of report periodHainan Dadonghai Tourism Centre (Holdings) Co., Ltd. The 1st Quarterly Report for 2010 (Full Text)
3
Other non-operating income and expenditure except for the aforementioned items 134,327.60
Total 134,327.60
Explanations on items of significant non-recurring gains and losses
Naught
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
35,268
Particulars about the shares held by the top ten tradable shareholders with unrestricted conditions
Full name of shareholder
Amount of tradable shares with
unrestricted conditions held at the
end of report period
Type of shares
Haikou Agriculture & Industry & Trade
(Luoniushan) Co., Ltd. 29,361,820 RMB ordinary shares
Hainan Sanya Yinnong Industrial
Development Co., Ltd. 6,930,000 RMB ordinary shares
Wu Mingxiao 5,068,971 RMB ordinary shares
CITRINE CAPITAL LIMITED 3,265,200 Domestically listed foreign shares
China Foreign Economy and Trade Trust
Co., Ltd. 2,772,000 RMB ordinary shares
CMS Asset Management (HK) Co., Ltd. 2,556,007 Domestically listed foreign shares
Zhang Dongqi 2,474,600 RMB ordinary shares
SANYA RURAL CREDIT UNION. 2,310,000 RMB ordinary shares
Lu Huazhong 1,831,224 Domestically listed foreign shares
Li Juncheng 1,750,000 RMB ordinary shares
§3. Significant Events
3.1 Particulars about material changes in items of main accounting statement and financial index,
and explanations of reasons
√Applicable □Inapplicable
1. Monetary fund of this period amounted to RMB 4,431,082. 31, increasing by 29.34% compared
with RMB 3,425,846.65 of the beginning of period, mainly due to the increase in income.
2. Prepaid accounts of this period amounted to RMB 2,350,217.00, increasing by 77.45% compared
with RMB 1,324,440.00 of the beginning of period, mainly due to increase in prepaid payment for
purchasing goods.
3. Other receivables amounted to RMB 182,226.27, increasing by 29.82% compared with RMB
140,370.25 of the beginning of the period, mainly due to the increased loans of staff’s business.
4. Inventories amounted to RMB 1,020,957.68, increasing by 82.14% compared with RMB
560,521.66 of beginning of the period, mainly due to goods reserves increased for the peak season
for sale.
5. Accounts payable amounted to RMB 2,548,970.34, increasing by 50.08% compared with RMBHainan Dadonghai Tourism Centre (Holdings) Co., Ltd. The 1st Quarterly Report for 2010 (Full Text)
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1,698,454.68 of the beginning of the period, mainly due to the accounts for purchase not paid in time.
6. Wages payable amounted to RMB 7,707,412.44, increasing by 53.55% compared with RMB
5,019,490.56 of the beginning of the period, mainly due to increase in staff’s wage and sharing in
excess revenue withdrawn from South China Hotel.
7. Operating revenue amounted to RMB 13,962,914.80, increasing by 19.50% compared with RMB
11,684,151.86 of the last same period, mainly due to increase in room occupancy rate and average
room price caused by warming up of tourist market.
8. Operating costs amounted to RMB 2,180,212.40, increasing by 22.99% compared with RMB
1,772,684.67 of the last same period, mainly due to cost increase with corresponding income
increase.
9. Financial expenses amounted to RMB 116,915.15, increasing by 97.90% compared with RMB
59,076.81 of the last same period, mainly due to increase in charge fees for paying credit card.
10. Net profit amounted to RMB 1,041,368.06, increasing by 86.24% compared with RMB
559,151.70 of the last same period, mainly due to increase in income.
11. Net value of cash flow generated by operating activities amounted to RMB 1,139,770.66,
increasing by 52.14% compared with RMB 749,165.75 of the last same period, mainly due to effect
of income increase.
3.2 Analysis and explanation of significant events and their influence and solutions
□Applicable √Inapplicable
3.3 Implementations of commitments by the Company, shareholders and actual controller
√Applicable □Inapplicable
Item of Commitments Promisee Content of
commitments Implementation
Commitments for Share Merger
Reform
Possible
shareholders
with holding
above 5 percent
shares of the
Company
Read the “Summary of
Annual Report 2009--
7.6 Implementation of
the Commitment” for
details
Strictly performed the aforementioned
commitment
Commitments for share restricted
trade
Possible
shareholders
with holding
above 5 percent
shares of the
Company
Read the “Summary of
Annual Report 2009--
7.6 Implementation of
the Commitment” for
details
Strictly performed the aforementioned
commitment
Commitments made in Acquisition
Report or Reports on Change in
Interests
Inapplicable Inapplicable Inapplicable
Commitments made in Material
Assets Reorganization Inapplicable Inapplicable Inapplicable
Commitments made in issuing Inapplicable Inapplicable Inapplicable
Other commitments (including
additional commitments) Inapplicable Inapplicable Inapplicable
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 1st Quarterly Report for 2010 (Full Text)
5
Prediction of
performances Turning losses
Year-begin to the end of
next report period
The same period of
last year Change of increase/decrease (%)
Estimated amount of
accumulative net
profit(RMB’0000)
50.00 -2,175,711.36 Growth Above 122.98
Basic earnings per
share(RMB/Share) 0.0014 -0.0061 Growth Above 122.95
Explanations on prediction
of performances
(11) Influenced by warming up from financial crisis and approval and construction of
Hainan International Tourism Island, the tourism market turned to be good. It is
predicted that the profit from Jan. to June of 2010 could be possibly turned losses into
gains over the same period of last year and realized little profit;
(2) The prediction of performances has not been audited by certified public accountant;
(3) If the semi-annual performances of the Company had great differences compared
with the prediction notice, the Company will disclose Notice on Amendment to
Performance Prediction timely in accordance with relevant regulations.
3.5 Other significant events which need explanations
3.5.1 Particulars about securities investment
□Applicable √Inapplicable
3.5.2 Registration form for receiving research, communication and interview in the report period
In the report period, there were no receptions from the investors such as spot research, telephone
communications and written enquiries.
3.5.3 Particulars about the explanations on other significant events
√Applicable □Inapplicable
(1) In the report period, it is never happen that the Company provide capital for controlling
shareholders or related parties, and provide external guarantee disobeying regulations.
(2) In the report period, the first largest shareholder and its accord actionist did not put forward or
implement the plan on reduction in shareholdings.
(3) In the report period, the Company has not signed significant contract.
3.6 Particulars about derivatives investment
□Applicable √Inapplicable
3.6.1 Particulars about derivatives investment held at the end of report period
□Applicable √Inapplicable
§4. Appendix
4.1 Balance sheet
Prepared by Hainan Dadonghai Tourism Centre (Holdings) Co., Ltd. March 31, 2010 Unit: RMB
Balance at period-end Balance at year-begin
Items Consolidation Parent Company Consolidation Parent Company
Current assets:Hainan Dadonghai Tourism Centre (Holdings) Co., Ltd. The 1st Quarterly Report for 2010 (Full Text)
6
Monetary funds 4,431,082.31 4,431,082.31 3,425,846.65 3,425,846.65
Settlement provisions
Capital lent
Transaction finance asset
Notes receivable
Accounts receivable 7,031,476.44 7,031,476.44 6,254,566.72 6,254,566.72
Accounts paid in advance 2,350,217.00 2,350,217.00 1,324,440.00 1,324,440.00
Insurance receivable
Reinsurance receivables
Contract reserve of
reinsurance receivable
Interest receivable
Dividend receivable
Other receivables 182,226.27 182,226.27 140,370.25 140,370.25
Purchase restituted finance
asset
Inventories 1,020,957.68 1,020,957.68 560,521.66 560,521.66
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 23,685,878.70 23,685,878.70 20,375,664.28 20,375,664.28
Non-current assets:
Granted loans and advances
Finance asset available for
sales
Held-to-maturity
investment
Long-term account
receivable
Long-term equity
investment
Investment property
Fixed assets 73,931,834.06 73,931,834.06 75,342,663.16 75,342,663.16
Construction in progress
Engineering material
Disposal of fixed asset
Productive biological asset
Oil and gas asset
Intangible assets 31,346,571.69 31,346,571.69 31,563,753.48 31,563,753.48
Expense on Research and
Development
Goodwill
Long-term expenses to be
apportioned
Deferred income tax asset
Other non-current assetHainan Dadonghai Tourism Centre (Holdings) Co., Ltd. The 1st Quarterly Report for 2010 (Full Text)
7
Total non-current asset 105,278,405.75 105,278,405.75 106,906,416.64 106,906,416.64
Total assets 128,964,284.45 128,964,284.45 127,282,080.92 127,282,080.92
Current liabilities:
Short-term loans
Loan from central bank
Absorbing deposit and
interbank deposit
Capital borrowed
Transaction financial
liabilities
Notes payable
Accounts payable 2,548,970.34 2,548,970.34 1,698,454.68 1,698,454.68
Accounts received in
advance 3,721,351.62 3,721,351.62
Selling financial asset of
repurchase
Commission charge and
commission payable
Wage payable 7,707,412.44 7,707,412.44 5,019,490.56 5,019,490.56
Taxes payable -901,518.83 -901,518.83 -1,082,414.95 -1,082,414.95
Interest payable
Dividend payable
Other accounts payable 31,982,653.77 31,982,653.77 31,339,800.34 31,339,800.34
Reinsurance payables
Insurance contract reserve
Security trading of agency
Security sales of agency
Non-current liabilities due
within 1 year
Other current liabilities
Total current liabilities 41,337,517.72 41,337,517.72 40,696,682.25 40,696,682.25
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 41,337,517.72 41,337,517.72 40,696,682.25 40,696,682.25
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 54,142,850.01Hainan Dadonghai Tourism Centre (Holdings) Co., Ltd. The 1st Quarterly Report for 2010 (Full Text)
8
Less: Inventory shares
Reasonable reserve
Surplus public reserve
Provision of general risk
Retained profit -330,616,083.28 -330,616,083.28 -331,657,451.34 -331,657,451.34
Balance difference of
foreign currency translation
Total owner’s equity attributable
to parent company 87,626,766.73 87,626,766.73 86,585,398.67 86,585,398.67
Minority interests
Total owner’s equity 87,626,766.73 87,626,766.73 86,585,398.67 86,585,398.67
Total liabilities and owner’s
equity 128,964,284.45 128,964,284.45 127,282,080.92 127,282,080.92
4.2 Profit statement
Prepared by Hainan Dadonghai Tourism Centre (Holdings) Co., Ltd. Jan.-Mar. 2010 Unit: RMB
Amount in this period Amount in last period
Items Consolidation Parent Company Consolidation Parent Company
I. Total operating income 13,962,914.80 13,962,914.80 11,684,151.86 11,684,151.86
Including: Operating income 13,962,914.80 13,962,914.80 11,684,151.86 11,684,151.86
Interest income
Insurance gained
Commission charge and
commission income
II. Total operating cost 12,762,155.14 12,762,155.14 11,061,087.09 11,061,087.09
Including: Operating cost 2,180,212.40 2,180,212.40 1,772,684.67 1,772,684.67
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 767,960.31 767,960.31 642,628.35 642,628.35
Sales expenses 4,029,706.72 4,029,706.72 3,696,456.98 3,696,456.98
Administration expenses 5,667,360.56 5,667,360.56 4,890,240.28 4,890,240.28
Financial expenses 116,915.15 116,915.15 59,076.81 59,076.81
Losses of devaluation of
asset
Add: Changing income of
fair value(Loss is listed with
“-”)
Investment income (Loss
is listed with “-”)Hainan Dadonghai Tourism Centre (Holdings) Co., Ltd. The 1st Quarterly Report for 2010 (Full Text)
9
Including: Investment
income on affiliated company
and joint venture
Exchange income (Loss is
listed with “-”)
III. Operating profit (Loss is
listed with “-”) 1,200,759.66 1,200,759.66 623,064.77 623,064.77
Add: Non-operating
income 134,327.60 134,327.60 97,968.00 97,968.00
Less: Non-operating
expense 22,093.14 22,093.14
Including: Disposal loss of
non-current asset
IV. Total Profit (Loss is listed
with “-”) 1,335,087.26 1,335,087.26 698,939.63 698,939.63
Less: Income tax 293,719.20 293,719.20 139,787.93 139,787.93
V. Net profit (Net loss is listed
with “-”) 1,041,368.06 1,041,368.06 559,151.70 559,151.70
Net profit attributable to
owner’s equity of parent
company
1,041,368.06 1,041,368.06 559,151.70 559,151.70
Minority shareholders’
gains and losses
VI. Earnings per share
i. Basic earnings per share 0.0029 0.0029 0.0015 0.0015
ii. Diluted earnings per share 0.0029 0.0029 0.0015 0.0015
VII. Other consolidated income
VIII. Total consolidated income 1,041,368.06 1,041,368.06 559,151.70 559,151.70
Total consolidated income
attributable to owners of parent
company
1,041,368.06 1,041,368.06 559,151.70 559,151.70
Total consolidated income
attributable to minority
shareholders
4.3 Cash flow statement
Prepared by Hainan Dadonghai Tourism Centre (Holdings) Co., Ltd. Jan.-Mar. 2010 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
9,796,786.73 9,796,786.73 8,725,187.65 8,725,187.65
Net increase of customer
deposit and interbank deposit
Net increase of loan from
central bank
Net increase of capital
borrowed from other financial
institutionHainan Dadonghai Tourism Centre (Holdings) Co., Ltd. The 1st Quarterly Report for 2010 (Full Text)
10
Cash received from original
insurance contract fee
Net cash received from
reinsurance business
Net increase of insured
savings and investment
Net increase of disposal of
transaction financial asset
Cash received from interest,
commission charge and
commission
Net increase of capital
borrowed
Net increase of returned
business capital
Write-back of tax received
Other cash received
concerning operating activities 745,082.10 745,082.10 34,168.33 34,168.33
Subtotal of cash inflow
arising from operating activities 10,541,868.83 10,541,868.83 8,759,355.98 8,759,355.98
Cash paid for purchasing
commodities and receiving labor
service
2,070,685.26 2,070,685.26 2,305,335.27 2,305,335.27
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 2,413,278.84 2,413,278.84 2,269,571.72 2,269,571.72
Taxes paid 1,113,474.01 1,113,474.01 1,838,291.11 1,838,291.11
Other cash paid concerning
operating activities 3,804,660.06 3,804,660.06 1,596,992.13 1,596,992.13
Subtotal of cash outflow
arising from operating activities 9,402,098.17 9,402,098.17 8,010,190.23 8,010,190.23
Net cash flows arising from
operating activities 1,139,770.66 1,139,770.66 749,165.75 749,165.75
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 unitsHainan Dadonghai Tourism Centre (Holdings) Co., Ltd. The 1st Quarterly Report for 2010 (Full Text)
11
Other cash received
concerning investing activities
Subtotal of cash inflow
from investing activities
Cash paid for purchasing
fixed, intangible and other
long-term assets
134,535.00 134,535.00 1,198,382.32 1,198,382.32
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 134,535.00 134,535.00 1,198,382.32 1,198,382.32
Net cash flows arising from
investing activities -134,535.00 -134,535.00 -1,198,382.32 -1,198,382.32
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 1,005,235.66 1,005,235.66 -449,216.57 -449,216.57
Add: Balance of cash and
cash equivalents at the period
-begin
3,425,846.65 3,425,846.65 6,009,603.45 6,009,603.45
VI. Balance of cash and cash 4,431,082.31 4,431,082.31 5,560,386.88 5,560,386.88Hainan Dadonghai Tourism Centre (Holdings) Co., Ltd. The 1st Quarterly Report for 2010 (Full Text)
12
equivalents at the period -end
4.4 Auditor’s report
Auditor’s opinions: Un-audited
Chairman: Li Yuanbin
Hainan Dadonghai Tourism Centre (Holdings) Co., Ltd.
April 26, 2010
