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 2010
(Full Text)
Disclosure Date: October 29, 2010Hainan Dadonghai Tourism Centre (Holdings) Co., Ltd. The Third Quarterly Report For 2010 (Full Text)
1
Hainan Dadonghai Tourism Centre (Holdings) Co., Ltd.
The Third Quarterly Report For 2010
(Full Text)
§1. Important Notes
1.1The 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 2010 of the Company has not been audited by CPAs.
1.3 Li Yuanbin, Principal of the Company; Chen Liurong, Person in Charge of Accounting Works;
and 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
2010.9.30 2009.12.31 Increase/decrease
scope (%)
Total assets (RMB) 122,634,858.67 127,282,080.92 -3.65%
Owners’ equities attributable to
the shareholders of listed
company (RMB)
85,505,184.32 86,585,398.67 -1.25%
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)
0.23 0.24 -4.17%
July-Sep. 2010
Increase/decreas
e over the same
period of the
last year (%)
Jan.-Sep. 2010
Increase/decreas
e over the same
period of the
last year (%)
Total operating income (RMB) 6,308,414.50 12.83% 26,326,894.82 21.57%
Net profit attributable to the
shareholders of listed company
(RMB)
-1,581,826.55 -64.52% -1,080,214.35 66.25%
Net cash flow arising from
operating activities (RMB) - - 1,487,909.30 180.44%
Net cash flow arising from
operating activities per share
(RMB/Share)
- - 0.0041 180.39%
Basic earnings per share
(RMB/Share) -0.0043 -65.38% -0.0030 65.91%
Diluted earnings per share
(RMB/Share) -0.0043 -65.38% -0.0030 65.91%
Weighted average return on
equity (%) -1.84% -0.73% -1.26% 2.45%
Weighted average return on
equity after deducting -2.15% -0.92% -1.60% 2.14%Hainan Dadonghai Tourism Centre (Holdings) Co., Ltd. The Third Quarterly Report For 2010 (Full Text)
2
non-recurring gains and losses
(%)
Items of non-recurring gains and losses Amount from year begin
to the end of report period Remarks
Non-operating income 328,160.90 -
Non-operating expenditure 30,050.00 -
Total 298,110.90 -
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 34,132
Particulars about the shares held by the top ten shareholders with unrestricted conditions
Full name of shareholder Unrestricted shares held at
period-end Type of shares
Haikou Agriculture & Industry &
Trade (Luoniushan) Co., Ltd. 29,361,820 RMB common share
Sanya Yongli Investment Co., Ltd. 6,930,000 RMB common share
Wu Mingxiao 5,068,971 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
CHINA MERCHANTS
SECURITIES (HK) CO.LTD. 2,654,907 Domestically listed foreign
share
Sanya Rural Credit Union 2,310,000 RMB common share
Zhongshan Industrial Group Co.,
Ltd. 1,848,000 RMB common share
Chaoan County Ansheng Real Estate
Development Co., Ltd. 1,730,000 RMB common share
Li Juncheng 1,381,500 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 increased by RMB 1,292,697.30 in comparison with that of year-begin, with
increase rate of 37.73%. Main reason accounting for the growth: income from hotel business has
increased in this report period.
2. Other account receivables have increased by RMB 126,806.16 in comparison with that of
year-begin, with increase rate of 90.34%. Main reason accounting for the growth: borrowings of the
employees of the Hotel for carrying out business.
3. Inventory has increased by RMB 133,604.73 in comparison with that of year-begin, with increase
rate of 23.84%. Main reason accounting for the growth: The growths of income increase theHainan Dadonghai Tourism Centre (Holdings) Co., Ltd. The Third Quarterly Report For 2010 (Full Text)
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inventory accordingly.
4. Account payable increased RMB 394,931.95 in comparison with that of year-begin, with increase
rate of 23.25%. Main reason accounting for the growth: the payable account paid for goods
increased.
5. Account received in advance has decreased by RMB 1,534,103.05 in comparison with that of
year-begin, with decrease rate of 41.22%. Main reason accounting for the decline: the income from
selling have been carried forward while sales determined.
6. Wages payable decreased by RMB 2,024,928.44 in comparison with that of year-begin, with
decrease rate of 40.34%. Main reason accounting for the decline: the bonus paid for ultra-profit to
employees.
7. Total operating revenue has increased by RMB 4,671,898.91 in year-on-year comparison, with
increase rate of 21.57%. Main reason accounting for the growth: influenced by the high check-in rate
of the hotel.
8. Operating cost has increased by RMB 1,041,264.52 in year-on-year comparison, with increase rate
of 28.93%. Main reason accounting for the growth: the income increased.
9. Sales expenditure has increased by RMB 2,182,630.42 in year-on-year comparison, with increase
rate of 19.77%. Main reason accounting for the growth: influenced by the increase of personnel cost
and utilities expenses together with the amortized expense occurred in report period. .
10. Financial expense has increased by RMB 80,883.95 in year-on-year comparison, with increase
rate of 62.30%. Main reason accounting for the growth: handling-charge of credit card settlement
increased.
11. Operating profit has sharply decreased by RMB 1,855,774.96 in year-on-year comparison, with
decrease rate of 57.38%. Main reason accounting for the decline: influenced by the income increased.
12. Non-operating income has increased by RMB 72,670.40 in year-on-year comparison, with
increase rate of 28.44%. Main reason accounting for the growth: account for compensation increased.
13. Non-operating expenditure has decreased by RMB 192,043.14 in year-on-year comparison, with
decrease rate of 86.47%. Main reason accounting for the decline: the account for donation decreased.
14. Operating profit has increased by RMB 1,855,774.96 in year-on-year comparison, with decrease
rate of 57.38%. Main reason accounting for the growth: the income increased.
15. Net profit has sharply decreased by RMB2, 120,488.50 in year-on-year comparison, with
decrease rate of 66.25%. Main reason accounting for the decline: influenced by the increase of
income.
16. Net cash flow arising from operating activities has increased by RMB 3,337,674.20 in
year-on-year comparison, with increase rate of 180.44%. Main reason accounting for the growth: the
income from hotel increased.
3.2 Progress of significant events, their influences, and analysis and explanation of their
solutions
3.2.1 Qualified opinion
□Applicable √Inapplicable
3.2.2 Particular about fund offers to controlling shareholders or associated parties and
external guarantee that against the regulation.
□Applicable √Inapplicable
3.2.3 Particular about signing and implementation on significant contracts of ordinary
management.
□Applicable √InapplicableHainan Dadonghai Tourism Centre (Holdings) Co., Ltd. The Third Quarterly Report For 2010 (Full Text)
4
3.2.4 Other
√Applicable □Inapplicable
(1) There has no fund offers to controlling shareholders or associated parties and external guarantee
that against the regulation in the report period.
(2) There have no investment concerning securities or derivatives in the report period.
(3) There has no significant contract that signed in the report period.
3.3 Implementations of commitments by the Company, shareholders and actual controller
√Applicable □Inapplicable
Commitments Promiser Content of commitments Implementation
Commitments for Share
Merger Reform
The Company or
shareholders
with over 5%
shares held
See more details in the 7.6
Implementations of the
Commitments contained in
Summary of Annual
Report 2009.
Strictly performed
Commitments made in
Acquisition Report or Reports
on Change in Interests
Naught Naught Naught
Commitments made in Material
Assets Reorganization Naught Naught Naught
Commitments made in issuing Naught Naught Naught
Other commitments (including
additional commitments) Naught 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 □Inapplicable
Forecast of
performances 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)
-250.00 -- -200.00 -299.66 -- 33.26% -- 16.57%
Basic earnings per
share (RMB/Share) -0.0069 -- -0.0055 -0.0082 -- 32.93% -- 15.85%
Explanations on
forecast of
performances
(1) The tourists from domestic and overseas turns to a moderate situation
compared with same period of last year due to the recovery of economy,
steadily development of domestic economy and the Hainan International
Tourism Island that listed in the national strategy etc. However, Hainan
natural disasters such as flood disaster of strong rainfall and Shanghai Expo
that resulted in the sub-distribution of tourists; the market price fluctuation,
salary-raised of employees in hotel industry and markup in hydropower etc.
that resulted in the growth of operating cost and wages paid of the hotel.
Therefore, performance of 2010 of the Company predicted to be deficit.
Approximately RMB one million to RMB 1.5 million losses from 1 October
2010 to 31 December by estimation and approximately RMB 2 million to
RMB 2.5 million losses from 1 January 2010 to 31 December by estimation.
(2) The performance forecast has not been audited by CPAs.Hainan Dadonghai Tourism Centre (Holdings) Co., Ltd. The Third Quarterly Report For 2010 (Full Text)
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(3) If there has major difference between the performance of 2010 and this
forecast, the Company will revise the announcement for disclosure
accordingly to relevant regulations.
3.5 Particulars about the other significant events which needed explanations
3.5.1 Particulars about securities investment
□Applicable √Inapplicable
3.5.2 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, 2010 Unit: RMB
Items ConsoBliadlaanticoen at pPeariroedn-te Cndo mpany ConsoBliadlaatnicoen at yPeaarre-bnet gCino mpany
Current assets:
Monetary funds 4,718,543.95 4,718,543.95 3,425,846.65 3,425,846.65
Settlement
provisions
Capital lent
Transaction finance
asset
Notes receivable
Accounts receivable 5,738,448.87 5,738,448.87 6,254,566.72 6,254,566.72
Accounts paid in
advance 1,219,939.12 1,219,939.12 1,324,440.00 1,324,440.00
Insurance receivable
Reinsurance
receivables
Contract reserve of
reinsurance receivable
Interest receivable
Dividend receivable
Other receivables 267,176.41 267,176.41 140,370.25 140,370.25
Purchase restituted
finance asset
Inventories 694,126.39 694,126.39 560,521.66 560,521.66
Non-current assetHainan Dadonghai Tourism Centre (Holdings) Co., Ltd. The Third Quarterly Report For 2010 (Full Text)
6
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 21,308,153.74 21,308,153.74 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 70,414,496.82 70,414,496.82 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 30,912,208.11 30,912,208.11 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
asset
Total non-current asset 101,326,704.93 101,326,704.93 106,906,416.64 106,906,416.64
Total assets 122,634,858.67 122,634,858.67 127,282,080.92 127,282,080.92
Current liabilities:
Short-term loans
Loan from central
bank
Absorbing deposit
and interbank deposit
Capital borrowed
Transaction
financial liabilities
Notes payable
Accounts payable 2,093,386.63 2,093,386.63 1,698,454.68 1,698,454.68Hainan Dadonghai Tourism Centre (Holdings) Co., Ltd. The Third Quarterly Report For 2010 (Full Text)
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Accounts received
in advance 2,187,248.57 2,187,248.57 3,721,351.62 3,721,351.62
Selling financial
asset of repurchase
Commission charge
and commission payable
Wage payable 2,994,562.12 2,994,562.12 5,019,490.56 5,019,490.56
Taxes payable -1,214,977.54 -1,214,977.54 -1,082,414.95 -1,082,414.95
Interest payable
Dividend payable
Other accounts
payable 31,069,454.57 31,069,454.57 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 37,129,674.35 37,129,674.35 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 37,129,674.35 37,129,674.35 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 54,142,850.01
Less: Inventory
sharesHainan Dadonghai Tourism Centre (Holdings) Co., Ltd. The Third Quarterly Report For 2010 (Full Text)
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Reasonable reserve
Surplus public
reserve
Provision of general
risk
Retained profit -332,737,665.69 -332,737,665.69 -331,657,451.34 -331,657,451.34
Balance difference
of foreign currency
translation
Total owner’s equity
attributable to parent
company
85,505,184.32 85,505,184.32 86,585,398.67 86,585,398.67
Minority interests
Total owner’s equity 85,505,184.32 85,505,184.32 86,585,398.67 86,585,398.67
Total liabilities and
owner’s equity 122,634,858.67 122,634,858.67 127,282,080.92 127,282,080.92
4.2 Profit statement in the report period
Prepared by Hainan Dadonghai Tourism Centre (Holdings) Co., Ltd. July-Sep. 2010 Unit: RMB
This period The same period of last year
Items Consolidation Parent
Company Consolidation Parent
Company
I. Total operating income 6,308,414.50 6,308,414.50 5,591,230.70 5,591,230.70
Including: Operating income 6,308,414.50 6,308,414.50 5,591,230.70 5,591,230.70
Interest income
Insurance gained
Commission charge and
commission income
II. Total operating cost 8,158,590.97 8,158,590.97 6,649,619.55 6,649,619.55
Including: Operating cost 1,268,988.44 1,268,988.44 911,101.65 911,101.65
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 346,962.81 346,962.81 307,517.69 307,517.69
Sales expenses 4,853,063.74 4,853,063.74 3,773,227.97 3,773,227.97
Administration expenses 1,631,798.59 1,631,798.59 1,616,524.79 1,616,524.79
Financial expenses 57,777.39 57,777.39 41,247.45 41,247.45
Losses of devaluation of asset
Add: Changing income of fair
value(Loss is listed with “-”)Hainan Dadonghai Tourism Centre (Holdings) Co., Ltd. The Third Quarterly Report For 2010 (Full Text)
9
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 “-”) -1,850,176.47 -1,850,176.47 -1,058,388.85 -1,058,388.8
5
Add: Non-operating income 126,919.55 126,919.55 96,895.50 96,895.50
Less: Non-operating expense 50.00 50.00
Including: Disposal loss of
non-current asset
IV. Total Profit (Loss is listed with
“-”) -1,723,306.92 -1,723,306.92 -961,493.35 -961,493.35
Less: Income tax expense -141,480.37 -141,480.37
V. Net profit (Net loss is listed with
“-”) -1,581,826.55 -1,581,826.55 -961,493.35 -961,493.35
Net profit attributable to
owner’s of parent company -1,581,826.55 -1,581,826.55 -961,493.35 -961,493.35
Minority shareholders’ gains and
losses
VI. Earnings per share
i. Basic earnings per share -0.0043 -0.0043 -0.0026 -0.0026
ii. Diluted earnings per share -0.0043 -0.0043 -0.0026 -0.0026
VII. Other consolidated income
VIII. Total consolidated income -1,581,826.55 -1,581,826.55 -961,493.35 -961,493.35
Total consolidated income
attributable to owners of parent
company
-1,581,826.55 -1,581,826.55 -961,493.35 -961,493.35
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. 2010 Unit: RMB
Amount in this period Amount in last period
Items Consolidation Parent
Company Consolidation Parent
Company
I. Total operating income 26,326,894.82 26,326,894.82 21,654,995.91 21,654,995.91
Including: Operating income 26,326,894.82 26,326,894.82 21,654,995.91 21,654,995.91
Interest income
Insurance gained
Commission charge and
commission income
II. Total operating cost 27,705,220.07 27,705,220.07 24,889,096.12 24,889,096.12
Including: Operating cost 4,640,391.82 4,640,391.82 3,599,127.30 3,599,127.30
Interest expense
Commission charge andHainan Dadonghai Tourism Centre (Holdings) Co., Ltd. The Third Quarterly Report For 2010 (Full Text)
10
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 1,447,187.35 1,447,187.35 1,191,024.78 1,191,024.78
Sales expenses 13,221,240.77 13,221,240.77 11,038,610.35 11,038,610.35
Administration expenses 8,185,678.44 8,185,678.44 8,930,495.95 8,930,495.95
Financial expenses 210,721.69 210,721.69 129,837.74 129,837.74
Losses of devaluation of asset
Add: Changing income of fair
value(Loss is listed with “-”)
Investment income (Loss is
listed with “-”)
Including: Investment income
on affiliated company and joint
venture
Exchange income (Loss is
listed with “-”)
III. Operating profit (Loss is listed
with “-”) -1,378,325.25 -1,378,325.25 -3,234,100.21 -3,234,100.21
Add: Non-operating income 328,160.90 328,160.90 255,490.50 255,490.50
Less: Non-operating expense 30,050.00 30,050.00 222,093.14 222,093.14
Including: Disposal loss of
non-current asset
IV. Total Profit (Loss is listed with
“-”) -1,080,214.35 -1,080,214.35 -3,200,702.85 -3,200,702.85
Less: Income tax expense
V. Net profit (Net loss is listed with
“-”) -1,080,214.35 -1,080,214.35 -3,200,702.85 -3,200,702.85
Net profit attributable to
owner’s of parent company -1,080,214.35 -1,080,214.35 -3,200,702.85 -3,200,702.85
Minority shareholders’ gains and
losses
VI. Earnings per share
i. Basic earnings per share -0.0030 -0.0030 -0.0088 -0.0088
ii. Diluted earnings per share -0.0030 -0.0030 -0.0088 -0.0088
VII. Other consolidated income
VIII. Total consolidated income -1,080,214.35 -1,080,214.35 -3,200,702.85 -3,200,702.85
Total consolidated income
attributable to owners of parent
company
-1,080,214.35 -1,080,214.35 -3,200,702.85 -3,200,702.85
Total consolidated income
attributable to minority shareholdersHainan Dadonghai Tourism Centre (Holdings) Co., Ltd. The Third Quarterly Report For 2010 (Full Text)
11
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. 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
26,703,796.29 26,703,796.29 20,089,079.33 20,089,079.33
Net increase of customer deposit
and interbank deposit
Net increase of loan from central
bank
Net increase of capital borrowed
from other financial institution
Cash received from original
insurance contract fee
Net cash received from
reinsurance business
Net increase of insured savings
and investment
Net increase of disposal of
transaction financial asset
Cash received from interest,
commission charge and commission
Net increase of capital borrowed
Net increase of returned business
capital
Write-back of tax received
Other cash received concerning
operating activities 887,813.01 887,813.01 274,225.07 274,225.07
Subtotal of cash inflow arising
from operating activities 27,591,609.30 27,591,609.30 20,363,304.40 20,363,304.40
Cash paid for purchasing
commodities and receiving labor
service
5,565,659.55 5,565,659.55 5,312,181.02 5,312,181.02
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
slipHainan Dadonghai Tourism Centre (Holdings) Co., Ltd. The Third Quarterly Report For 2010 (Full Text)
12
Cash paid to/for staff and
workers 7,277,706.23 7,277,706.23 5,995,530.04 5,995,530.04
Taxes paid 2,533,072.47 2,533,072.47 3,216,028.82 3,216,028.82
Other cash paid concerning
operating activities 10,727,261.75 10,727,261.75 7,689,329.42 7,689,329.42
Subtotal of cash outflow arising
from operating activities 26,103,700.00 26,103,700.00 22,213,069.30 22,213,069.30
Net cash flows arising from
operating activities 1,487,909.30 1,487,909.30 -1,849,764.90 -1,849,764.90
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 195,212.00 195,212.00 1,466,812.32 1,466,812.32
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 195,212.00 195,212.00 1,466,812.32 1,466,812.32
Net cash flows arising from
investing activities -195,212.00 -195,212.00 -1,466,092.32 -1,466,092.32
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 fromHainan Dadonghai Tourism Centre (Holdings) Co., Ltd. The Third Quarterly Report For 2010 (Full Text)
13
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 1,292,697.30 1,292,697.30 -3,315,857.22 -3,315,857.22
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
equivalents at the period -end 4,718,543.95 4,718,543.95 2,693,746.23 2,693,746.23
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 27, 2010
