Short Form of the Stock: ST Donghai-A, ST Donghai-B Stock Code: 000613, 200613
海南大东海旅游中心股份有限公司
Hainan Dadonghai Tourism Centre (Holdings) Co., Ltd.
The First Quarterly Report 2011
(Full Text)
Disclosure Date: 27 April 2011
Hainan Dadonghai Tourism Centre (Holdings) Co., Ltd. First Quarterly Report 2011 (Full Text)
Hainan Dadonghai Tourism Centre (Holdings) Co., Ltd.
The First Quarterly Report 2011 (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 2011 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
Changes of
At the end of the At the period-end of
increase/decrease
report period the last year
(%)
Total assets (RMB) 121,410,251.71 119,382,660.10 1.70%
Owners’ equity attributable to
shareholders of the listed company 87,989,956.56 87,266,354.32 0.83%
(RMB)
Share capital (Share) 364,100,000.00 364,100,000.00 0.00%
Net asset per share attributable to
shareholders of listed company 0.24 0.24 0.00%
(RMB/Share)
Changes of
The same period of
In the report period increase/decrease
last year
(%)
Total operating income (RMB) 12,929,387.90 13,962,914.80 -7.40%
Net profit attributable to
shareholders of the listed company 723,602.24 1,041,368.06 -30.51%
(RMB)
Net cash flow arising from operating
1,757,606.53 1,139,770.66 54.21%
activities (RMB)
Net cash flow arising from operating
0.0048 0.0031 54.84%
activities per share (RMB/Share)
Basic earnings per share
0.0020 0.0029 -31.03%
(RMB/Share)
Diluted earnings per share
0.0020 0.0029 -31.03%
(RMB/Share)
Weighted average return on equity
0.83% 1.20% -0.37%
(%)
Weighted average return on equity
after deducting non-recurring gains 0.65% 1.04% -0.39%
and losses (%)
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Hainan Dadonghai Tourism Centre (Holdings) Co., Ltd. First Quarterly Report 2011 (Full Text)
Items of non-recurring gains and losses
√ Applicable □ Inapplicable
Unit: RMB
Remarks (If
Items of non-recurring gains and losses Amount
applicable)
Other non-operating income and expenditure except
151,819.10 -
for the aforementioned items
Total 151,819.10 -
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
34,733
at the end of report period
Particulars about the shares held by the top ten tradable shareholders with unrestricted conditions
Amount of tradable shares with
Full name of shareholder unrestricted conditions held at Type of shares
the end of report period
Haikou Agriculture & Industry &
60,000,000 RMB ordinary shares
Trade Luoniushan Co., Ltd.
Yangpu Tongrong Investment
13,193,720 RMB ordinary shares
Management Consulting Co., Ltd.
Sanya Yongli Investment Co., Ltd. 6,930,000 RMB ordinary shares
Wu Mingxiao 5,068,971 RMB ordinary shares
CI CITIC Assets Management Co.,
4,620,000 RMB ordinary shares
Ltd.
Domestically listed foreign
CITRINE CAPITAL LIMITED 3,265,200
shares
China Foreign Economy and Trade
2,772,000 RMB ordinary shares
Trust Co., Ltd.
China Merchants Securities (HK) Domestically listed foreign
2,669,707
Co., Ltd. shares
Sanya Rural Commercial Union 2,310,000 RMB ordinary shares
Agriculture Bank of China Co., Ltd.
2,310,000 RMB ordinary shares
Haikou Jinmao Sub-branch
§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 amounting to RMB 4,828,674.72, increased RMB 1,724,396.53 over that of
year-begin RMB 3,104,278.1 with 55.55 percent growth, mainly due to the income increased in rush
season.
2. Account receivable amounting to RMB 7,035,369.37, increased RMB 1,761,961.54 over that of
year-begin RMB 5,273,407.83 with 33.41 percent growth, mainly due to the account receivable
increased in sales.
3. Account paid in advance amounting to RMB 605,942.00, increased RMB 194,843.44 over that of
year-begin RMB411, 098.56 with 47.40 percent growth, mainly due to the increased amount paid in
advance for commodity purchased.
4. Account payable amounting to RMB2,151,014.10, increased RMB 627,576.54 over that of
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Hainan Dadonghai Tourism Centre (Holdings) Co., Ltd. First Quarterly Report 2011 (Full Text)
year-begin RMB1,523,437.56 with 41.19 percent growth, mainly due to the amount for purchasing
were not paid timely.
5. Wages payable amounting to RMB4,191,919.84, increased RMB 1,043,795.02 over that of
year-begin RMB3,148,124.82, mainly due to the increase of salary for employees and withdrawal the
exceeding shares of South China Hotel.
6. Net profit amounting to RMB723, 602.24, decreased RMB 317,765.82 over same period of last
year RMB1, 041,368.06 with 30.51 percent down, mainly due to the decrease of income and growth
of expenses.
7. Net cash flow arising from operating activities amounting to RMB1, 757,606.53, increased RMB
617,835.87 over same period of last year RMB1, 139,770.66 with 54.21 percent growth, mainly
because less paying the cash related to operating activities.
3.2 Analysis and explanation of significant events and their influence and solutions
3.2.1 Particular about Qualified Opinion
□Applicable √Inapplicable
3.2.2 Particular about fund offered to shareholder or its related parties by the Company and
external guarantee with procedure violation
□Applicable √Inapplicable
3.2.3 Particular about the significant contract of routine operation signed and implemented
□Applicable √Inapplicable
3.2.4 Other
□Applicable √Inapplicable
3.3 Implementations of commitments by the Company, shareholders and actual controller
Commitments make within the report period or persisted to the period by listed company and its
director, supervisor and senior executives, shareholder with over 5 percent shares held and its actual
controller
√Applicable □Inapplicable
Content of
Item of Commitments Promisee Implementation
commitments
Commitment
from
controlling
shareholder
Seeking the party
of the
of restructuring to
Commitments for Share Company- Currently, no satisfied party was
the assets
Merger Reform Haikou found.
restructuring in
Agriculture
proper time
& Industry &
Trade
Luoniushan
Co., Ltd.
Commitments made in
Acquisition Report or Reports Inapplicable Inapplicable Inapplicable
on Change in Interests
Commitments made in Material
Inapplicable Inapplicable Inapplicable
Assets Reorganization
Commitments made in issuing Inapplicable Inapplicable Inapplicable
Other commitments (including
Inapplicable Inapplicable Inapplicable
additional commitments)
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Hainan Dadonghai Tourism Centre (Holdings) Co., Ltd. First Quarterly Report 2011 (Full Text)
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
3.5 Other significant events which need explanations
3.5.1 Particulars about securities investment
□Applicable √Inapplicable
3.5.2 Registration form for receiving research, communication and interview in the report
period
In the report period, there were no receptions from the investors such as spot research, telephone
communications and written enquiries.
3.6 Particulars about derivatives investment
□Applicable √Inapplicable
3.6.1 Particulars about derivatives investment held at the end of report period
□Applicable √Inapplicable
§4. Appendix
4.1 Balance sheet
Prepared by Hainan Dadonghai Tourism Centre (Holdings) Co., Ltd.
March 31, 2011 Unit: RMB
Balance at period-end Balance at year-begin
Items
Consolidation Parent Company Consolidation Parent Company
Current assets:
Monetary funds 4,828,674.72 4,828,674.72 3,104,278.19 3,104,278.19
Settlement
provisions
Capital lent
Transaction finance
asset
Notes receivable
Accounts receivable 7,035,369.37 7,035,369.37 5,273,407.83 5,273,407.83
Accounts paid in
605,942.00 605,942.00 411,098.56 411,098.56
advance
Insurance receivable
Reinsurance
receivables
Contract reserve of
reinsurance receivable
Interest receivable
Dividend receivable
Other receivables 446,659.73 446,659.73 427,914.11 427,914.11
Purchase restituted
finance asset
Inventories 679,408.72 679,408.72 587,653.23 587,653.23
Non-current asset
due within one year
Other current assets 9,480,819.00 9,480,819.00 9,480,819.00 9,480,819.00
Total current assets 23,076,873.54 23,076,873.54 19,285,170.92 19,285,170.92
Non-current assets:
Granted loans and
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Hainan Dadonghai Tourism Centre (Holdings) Co., Ltd. First Quarterly Report 2011 (Full Text)
advances
Finance asset
available for sales
Held-to-maturity
investment
Long-term account
receivable
Long-term equity
investment
Investment property
Fixed assets 67,756,658.64 67,756,658.64 69,289,462.86 69,289,462.86
Construction in
progress
Engineering
material
Disposal of fixed
asset
Productive
biological asset
Oil and gas asset
Intangible assets 30,477,844.53 30,477,844.53 30,695,026.32 30,695,026.32
Expense on
Research and
Development
Goodwill
Long-term expenses
98,875.00 98,875.00 113,000.00 113,000.00
to be apportioned
Deferred income tax
asset
Other non-current
asset
Total non-current asset 98,333,378.17 98,333,378.17 100,097,489.18 100,097,489.18
Total assets 121,410,251.71 121,410,251.71 119,382,660.10 119,382,660.10
Current liabilities:
Short-term loans 1,000,000.00 1,000,000.00 1,000,000.00 1,000,000.00
Loan from central
bank
Absorbing deposit
and interbank deposit
Capital borrowed
Transaction
financial liabilities
Notes payable
Accounts payable 2,151,014.10 2,151,014.10 1,523,437.56 1,523,437.56
Accounts received
2,229,641.44 2,229,641.44 3,091,887.24 3,091,887.24
in advance
Selling financial
asset of repurchase
Commission charge
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Hainan Dadonghai Tourism Centre (Holdings) Co., Ltd. First Quarterly Report 2011 (Full Text)
and commission payable
Wage payable 4,191,919.84 4,191,919.84 3,148,124.82 3,148,124.82
Taxes payable -970,321.39 -970,321.39 -1,174,778.35 -1,174,778.35
Interest payable
Dividend payable
Other accounts
24,818,041.16 24,818,041.16 24,527,634.51 24,527,634.51
payable
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 33,420,295.15 33,420,295.15 32,116,305.78 32,116,305.78
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 33,420,295.15 33,420,295.15 32,116,305.78 32,116,305.78
Owner’s equity (or
shareholders’ equity):
Paid-in capital (or
364,100,000.00 364,100,000.00 364,100,000.00 364,100,000.00
share capital)
Capital public
54,142,850.01 54,142,850.01 54,142,850.01 54,142,850.01
reserve
Less: Inventory
shares
Reasonable reserve
Surplus public
reserve
Provision of general
risk
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Hainan Dadonghai Tourism Centre (Holdings) Co., Ltd. First Quarterly Report 2011 (Full Text)
Retained profit -330,252,893.45 -330,252,893.45 -330,976,495.69 -330,976,495.69
Balance difference
of foreign currency
translation
Total owner’s equity
attributable to parent 87,989,956.56 87,989,956.56 87,266,354.32 87,266,354.32
company
Minority interests
Total owner’s equity 87,989,956.56 87,989,956.56 87,266,354.32 87,266,354.32
Total liabilities and
121,410,251.71 121,410,251.71 119,382,660.10 119,382,660.10
owner’s equity
4.2 Profit statement
Prepared by Hainan Dadonghai Tourism Centre (Holdings) Co., Ltd.
Jan.-Mar. 2011 Unit: RMB
Amount in this period Amount in last period
Items
Consolidation Parent Company Consolidation Parent Company
I. Total operating income 12,929,387.90 12,929,387.90 13,962,914.80 13,962,914.80
Including: Operating
12,929,387.90 12,929,387.90 13,962,914.80 13,962,914.80
income
Interest income
Insurance gained
Commission charge
and commission income
II. Total operating cost 12,129,098.79 12,129,098.79 12,762,155.14 12,762,155.14
Including: Operating cost 2,099,220.06 2,099,220.06 2,180,212.40 2,180,212.40
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
724,045.74 724,045.74 767,960.31 767,960.31
extras
Sales expenses 4,549,661.91 4,549,661.91 4,029,706.72 4,029,706.72
Administration
4,643,696.85 4,643,696.85 5,667,360.56 5,667,360.56
expenses
Financial expenses 112,474.23 112,474.23 116,915.15 116,915.15
Losses of
devaluation of asset
Add: Changing
income of fair value(Loss
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Hainan Dadonghai Tourism Centre (Holdings) Co., Ltd. First Quarterly Report 2011 (Full Text)
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
800,289.11 800,289.11 1,200,759.66 1,200,759.66
(Loss is listed with “-”)
Add: Non-operating
151,819.10 151,819.10 134,327.60 134,327.60
income
Less: Non-operating
expense
Including: Disposal
loss of non-current asset
IV. Total Profit (Loss is
952,108.21 952,108.21 1,335,087.26 1,335,087.26
listed with “-”)
Less: Income tax 228,505.97 228,505.97 293,719.20 293,719.20
V. Net profit (Net loss is
723,602.24 723,602.24 1,041,368.06 1,041,368.06
listed with “-”)
Net profit
attributable to owner’s 723,602.24 723,602.24 1,041,368.06 1,041,368.06
equity of parent company
Minority
shareholders’ gains and
losses
VI. Earnings per share
i. Basic earnings per
0.0020 0.0020 0.0029 0.0029
share
ii. Diluted earnings per
0.0020 0.0020 0.0029 0.0029
share
VII. Other consolidated
income
VIII. Total consolidated
723,602.24 723,602.24 1,041,368.06 1,041,368.06
income
Total consolidated
income attributable to
723,602.24 723,602.24 1,041,368.06 1,041,368.06
owners of parent
company
Total consolidated
income attributable to
minority shareholders
Concerning the enterprise consolidation under common control occurred in the period; the mergered
party realized net profit before consolidation amounting to RMB00.00.
4.3 Cash flow statement
Prepared by Hainan Dadonghai Tourism Centre (Holdings) Co., Ltd.
Jan.-Mar. 2011 Unit: RMB
9
Hainan Dadonghai Tourism Centre (Holdings) Co., Ltd. First Quarterly Report 2011 (Full Text)
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 10,684,957.83 10,684,957.83 9,796,786.73 9,796,786.73
providing labor services
Net increase of
customer deposit and
interbank deposit
Net increase of loan
from central bank
Net increase of
capital borrowed from
other financial institution
Cash received from
original insurance
contract fee
Net cash received
from reinsurance
business
Net increase of
insured savings and
investment
Net increase of
disposal of transaction
financial asset
Cash received from
interest, commission
charge and commission
Net increase of
capital borrowed
Net increase of
returned business capital
Write-back of tax
received
Other cash received
concerning operating 65,405.84 65,405.84 745,082.10 745,082.10
activities
Subtotal of cash
inflow arising from 10,750,363.67 10,750,363.67 10,541,868.83 10,541,868.83
operating activities
Cash paid for
purchasing commodities
2,673,424.05 2,673,424.05 2,070,685.26 2,070,685.26
and receiving labor
service
Net increase of
customer loans and
advances
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Hainan Dadonghai Tourism Centre (Holdings) Co., Ltd. First Quarterly Report 2011 (Full Text)
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
2,547,209.11 2,547,209.11 2,413,278.84 2,413,278.84
staff and workers
Taxes paid 991,202.89 991,202.89 1,113,474.01 1,113,474.01
Other cash paid
concerning operating 2,780,921.09 2,780,921.09 3,804,660.06 3,804,660.06
activities
Subtotal of cash
outflow arising from 8,992,757.14 8,992,757.14 9,402,098.17 9,402,098.17
operating activities
Net cash flows
arising from operating 1,757,606.53 1,757,606.53 1,139,770.66 1,139,770.66
activities
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,
33,210.00 33,210.00 134,535.00 134,535.00
intangible and other
long-term assets
Cash paid for
investment
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Hainan Dadonghai Tourism Centre (Holdings) Co., Ltd. First Quarterly Report 2011 (Full Text)
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 33,210.00 33,210.00 134,535.00 134,535.00
activities
Net cash flows
arising from investing -33,210.00 -33,210.00 -134,535.00 -134,535.00
activities
III. Cash flows arising
from financing activities
Cash received from
absorbing investment
Including: Cash
received from absorbing
minority shareholders’
investment by
subsidiaries
Cash received from
loans
Cash received from
issuing bonds
Other cash received
concerning financing
activities
Subtotal of cash
inflow from financing
activities
Cash paid for
settling debts
Cash paid for
dividend and profit
distributing or interest
paying
Including: Dividend
and profit of minority
shareholder paid by
subsidiaries
Other cash paid
concerning financing
activities
Subtotal of cash
outflow from financing
activities
12
Hainan Dadonghai Tourism Centre (Holdings) Co., Ltd. First Quarterly Report 2011 (Full Text)
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
1,724,396.53 1,724,396.53 1,005,235.66 1,005,235.66
and cash equivalents
Add: Balance of
cash and cash equivalents 3,104,278.19 3,104,278.19 3,425,846.65 3,425,846.65
at the period -begin
VI. Balance of cash and
cash equivalents at the 4,828,674.72 4,828,674.72 4,431,082.31 4,431,082.31
period -end
4.4 Auditor’ report
Auditor’s opinions: Un-audited
Chairman: Li Yuanbin
Board of the Director of
Hainan Dadonghai Tourism Centre (Holdings) Co., Ltd.
25 April 2011
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