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 2011
(Full Text)
Disclosure Date: October 28, 2011
Hainan Dadonghai Tourism Centre (Holdings) Co., Ltd. The Third Quarterly Report for 2011 (Full Text)
Hainan Dadonghai Tourism Centre (Holdings) Co., Ltd.
The Third Quarterly Report For 2011
(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 2011of 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:
In RMB Yuan
Increase/decrease scope
2011.9.30 2010.12.31
(%)
Total assets (RMB) 114,421,669.99 119,382,660.10 -4.16%
Owners’ equities attributable to the
81,813,512.54 87,266,354.32 -6.25%
shareholders of listed company (RMB)
Share capital (Share) 364,100,000.00 364,100,000.00 0.00%
Net assets per share attributable to the
shareholders of listed company 0.22 0.24 -8.33%
(RMB/Share)
Increase/decr
Increase/decreas
ease over the
July-Sept. e over the same
Jan.-Sept.2011 same period
2011 period of the
of the last
last year (%)
year (%)
Total operating income (RMB) 3,587,335.30 -43.13% 22,055,296.70 -16.23%
Net profit attributable to the
-3,817,708.87 -141.35% -5,452,841.78 -404.79%
shareholders of listed company (RMB)
Net cash flow arising from operating
- - 336,309.22 -77.40%
activities (RMB)
Net cash flow arising from operating
- - 0.0009 -78.05%
activities per share (RMB/Share)
Basic earnings per share (RMB/Share) -0.0105 -144.19% -0.0150 -400.00%
Diluted earnings per share (RMB/Share) -0.0105 -144.19% -0.0150 -400.00%
Weighted average return on equity (%) -4.52% -2.68% -6.45% -5.19%
Weighted average return on equity after
deducting non-recurring gains and -4.55% -2.40% -6.77% -5.17%
losses (%)
2
Hainan Dadonghai Tourism Centre (Holdings) Co., Ltd. The Third Quarterly Report for 2011 (Full Text)
Items of non-recurring gains and losses
√Applicable □Inapplicable
In RMB Yuan
Items of non-recurring gains and losses Remarks(If
Amount
applicable)
Governmental subsidy calculated into current gains and
losses, while closely related with the business of the
Company, excluding the fixed-amount or fixed-proportion 20,000.00 -
governmental subsidy according to the unified national
standard
Other non-operating income and expenditure beside for the
254,111.60 -
aforementioned items
Total 274,111.60 -
2.2 Total number of shareholders at the end of the report period and shares held by the top
ten shareholders with unrestricted conditions
In Share
Total number of shareholders
31,840
at the end of report period
Particulars about the shares held by the top ten shareholders with unrestricted conditions
Unrestricted shares held at
Full name of shareholder Type of shares
period-end
Haikou Agriculture & Industry &
60,000,000 RMB common share
Trade (Luoniushan) Co., Ltd.
Yangfu Tongrong Investment
12,601,232 RMB common share
Management Consultant Co., Ltd.
Sanya Yongli Investment Co., Ltd. 6,930,000 RMB common share
Wu Mingxiao 5,068,971 RMB common share
China Jianyin Investment CITIC
4,620,000 RMB common share
Assets Management CO., Ltd.
Cao Huili 4,143,939 RMB common share
Domestically listed foreign
CITRINE CAPITAL LIMITED 3,265,200
share
China Foreign Economy and Trade
2,772,000 RMB common share
Trust Co., Ltd.
CHINA MERCHANTS Domestically listed foreign
2,635,907
SECURITIES (HK) CO.LTD. share
He Haichao 2,550,588 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 material changes in items of main accounting statement and financial index, and
explanations of reasons:
1. Monetary fund decrease RMB 1,669,455.58 over that of year-begin with 53.78% down, mainly
because income from hotel business in this period decreased.
2. Account receivable decrease RMB 4,396,371.10 over that of year-begin with 83.37% down,
3
Hainan Dadonghai Tourism Centre (Holdings) Co., Ltd. The Third Quarterly Report for 2011 (Full Text)
mainly because sales amount of hotel was recover in this period.
3. Account paid in advance increase RMB 757,397.93 over that of year-begin with 184.24% up,
mainly because increase of amount for purchasing goods were paid in advance.
4. Construction in progress increase RMB 4,000,000.00 over that of year-begin, mainly because
investment of decoration reforming for the hotel increased.
5. Long-term expenses to be amortized increase RMB 1,111,193.31 over that of year-begin, mainly
because amortization expense of decoration reforming for hotel increased.
6. Account payable increase RMB 595,096.62 over that of year-begin with 39.06% up, mainly
because the increase of account payable for purchasing.
7. Account received in advance decrease RMB 907,015.68 over that of year-begin with 29.34%
down, mainly because the room amount received in advance decreased.
8. Operating profit suffer major deficit of RMB -4,348,628.13 over same period of last year with
315.50% losses increased, mainly because the decrease of income and soaring cost and expenses.
9. Net profit suffer major deficit of RMB -4,372,627.43 over same period of last year with 404.79%
losses increased, mainly because the decrease of income and soaring cost and expenses.
10. Net cash flow arising from operating activities decrease RMB 1,151,600.08 over same period of
last year with 77.40% down, mainly because the decrease of income from hotel.
11. Net cash flow arising from investment activities increase RMB1,743,552.80 over same period of
last year with 893.16% up, mainly because the investment of reforming for hotel.
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 √Inapplicable
3.2.4 Other
□Applicable √Inapplicable
3.3 Implementations of commitments by the Company, shareholders and actual controller
The following events committed by related parties such as listed companies, directors, supervisors,
senior management, shareholders holding above 5% shares of the Company as well as actual
controllers in reporting period or extending to reporting period.
√Applicable □Inapplicable
Commitments Promiser Content of commitments Implementation
Found more details in (II) of
“VI” of Section X Significant
The Event contained in full text of
Part of the
Company or annual report 2010. Till
Commitments for Share Merger commitments was
shareholders recently, promise that not
Reform implemented while
with over 5% implemented are: “looking for
part of them not yet
shares held a reorganize party to
reorganizing assets in proper
time”
Commitments made in Inapplicable Inapplicable Inapplicable
4
Hainan Dadonghai Tourism Centre (Holdings) Co., Ltd. The Third Quarterly Report for 2011 (Full Text)
Acquisition Report or Reports 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)
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 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. Sept.30, 2011 In RMB Yuan
Balance at period-end Balance at year-begin
Items Parent Parent
Consolidation Consolidation
Company Company
Current assets:
Monetary funds 1,434,822.61 1,434,822.61 3,104,278.19 3,104,278.19
Settlement provisions
Capital lent
Transaction finance asset
Notes receivable
Accounts receivable 877,036.73 877,036.73 5,273,407.83 5,273,407.83
Accounts paid in advance 1,168,496.49 1,168,496.49 411,098.56 411,098.56
Insurance receivable
Reinsurance receivables
Contract reserve of
reinsurance receivable
Interest receivable
Dividend receivable
Other receivables 397,945.87 397,945.87 427,914.11 427,914.11
Purchase restituted finance
asset
Inventories 616,754.35 616,754.35 587,653.23 587,653.23
5
Hainan Dadonghai Tourism Centre (Holdings) Co., Ltd. The Third Quarterly Report for 2011 (Full Text)
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 13,975,875.05 13,975,875.05 19,285,170.92 19,285,170.92
Non-current assets:
Granted entrusted loans and
advances
Finance asset available for
sales
Held-to-maturity investment
Long-term account receivable
Long-term equity investment
Investment property
Fixed assets 65,178,120.68 65,178,120.68 69,289,462.86 69,289,462.86
Construction in progress 4,000,000.00 4,000,000.00
Engineering material
Disposal of fixed asset
Productive biological asset
Oil and gas asset
Intangible assets 30,043,480.95 30,043,480.95 30,695,026.32 30,695,026.32
Expense on Research and
Development
Goodwill
Long-term expenses to be
1,224,193.31 1,224,193.31 113,000.00 113,000.00
apportioned
Deferred income tax asset
Other non-current asset
Total non-current asset 100,445,794.94 100,445,794.94 100,097,489.18 100,097,489.18
Total assets 114,421,669.99 114,421,669.99 119,382,660.10 119,382,660.10
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 2,118,534.18 2,118,534.18 1,523,437.56 1,523,437.56
Accounts received in advance 2,184,871.56 2,184,871.56 3,091,887.24 3,091,887.24
Selling financial asset of
repurchase
Commission charge and
commission payable
Wage payable 3,113,633.32 3,113,633.32 3,148,124.82 3,148,124.82
Taxes payable -1,055,162.53 -1,055,162.53 -1,174,778.35 -1,174,778.35
Interest payable
Dividend payable
Other accounts payable 25,246,280.92 25,246,280.92 24,527,634.51 24,527,634.51
6
Hainan Dadonghai Tourism Centre (Holdings) Co., Ltd. The Third Quarterly Report for 2011 (Full Text)
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 32,608,157.45 32,608,157.45 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 32,608,157.45 32,608,157.45 32,116,305.78 32,116,305.78
Owner’s equity (or shareholders’
equity):
Paid-in capital (or share
364,100,000.00 364,100,000.00 364,100,000.00 364,100,000.00
capital)
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
-336,429,337.4 -336,429,337.4 -330,976,495.6
Retained profit -330,976,495.69
7 7 9
Balance difference of foreign
currency translation
Total owner’s equity attributable
81,813,512.54 81,813,512.54 87,266,354.32 87,266,354.32
to parent company
Minority interests
Total owner’s equity 81,813,512.54 81,813,512.54 87,266,354.32 87,266,354.32
Total liabilities and owner’s equity 114,421,669.99 114,421,669.99 119,382,660.10 119,382,660.10
4.2 Profit statement in the report period
Prepared by Hainan Dadonghai Tourism Centre (Holdings) Co., Ltd.
July-Sept. 2011 In RMB Yuan
Amount in this period Amount in last period
Items Parent Parent
Consolidation Consolidation
Company Company
I. Total operating income 3,587,335.30 3,587,335.30 6,308,414.50 6,308,414.50
Including: Operating income 3,587,335.30 3,587,335.30 6,308,414.50 6,308,414.50
Interest income
Insurance gained
Commission charge and
commission income
7
Hainan Dadonghai Tourism Centre (Holdings) Co., Ltd. The Third Quarterly Report for 2011 (Full Text)
II. Total operating cost 7,433,549.17 7,433,549.17 8,158,590.97 8,158,590.97
Including: Operating cost 1,061,395.51 1,061,395.51 1,268,988.44 1,268,988.44
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 200,890.79 200,890.79 346,962.81 346,962.81
Sales expenses 4,103,161.10 4,103,161.10 4,853,063.74 4,853,063.74
Administration expenses 2,005,766.96 2,005,766.96 1,631,798.59 1,631,798.59
Financial expenses 62,334.81 62,334.81 57,777.39 57,777.39
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
-3,846,213.87 -3,846,213.87 -1,850,176.47 -1,850,176.47
with “-”)
Add: Non-operating income 28,705.00 28,705.00 126,919.55 126,919.55
Less: Non-operating expense 200.00 200.00 50.00 50.00
Including: Disposal loss of
non-current asset
IV. Total Profit (Loss is listed with
-3,817,708.87 -3,817,708.87 -1,723,306.92 -1,723,306.92
“-”)
Less: Income tax expense -141,480.37 -141,480.37
V. Net profit (Net loss is listed with
-3,817,708.87 -3,817,708.87 -1,581,826.55 -1,581,826.55
“-”)
Net profit attributable to owner’s
-3,817,708.87 -3,817,708.87 -1,581,826.55 -1,581,826.55
of parent company
Minority shareholders’ gains and
losses
VI. Earnings per share
i. Basic earnings per share -0.0105 -0.0105 -0.0043 -0.0043
ii. Diluted earnings per share -0.0105 -0.0105 -0.0043 -0.0043
VII. Other consolidated income
VIII. Total consolidated income -3,817,708.87 -3,817,708.87 -1,581,826.55 -1,581,826.55
Total consolidated income attributable
-3,817,708.87 -3,817,708.87 -1,581,826.55 -1,581,826.55
to owners of parent company
Total consolidated income attributable
to minority shareholders
8
Hainan Dadonghai Tourism Centre (Holdings) Co., Ltd. The Third Quarterly Report for 2011 (Full Text)
The merging party realized net profit of RMB 00.00 before consolidation under same control in this
period.
4.3 Profit statement from year-begin to the end of report period
Prepared by Hainan Dadonghai Tourism Centre (Holdings) Co., Ltd.
Jan.-Sept. 2011 In RMB Yuan
Amount in this period Amount in last period
Items Parent Parent
Consolidation Consolidation
Company Company
I. Total operating income 22,055,296.70 22,055,296.70 26,326,894.82 26,326,894.82
Including: Operating income 22,055,296.70 22,055,296.70 26,326,894.82 26,326,894.82
Interest income
Insurance gained
Commission charge and
commission income
II. Total operating cost 27,782,250.08 27,782,250.08 27,705,220.07 27,705,220.07
Including: Operating cost 4,454,890.22 4,454,890.22 4,640,391.82 4,640,391.82
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 1,235,096.66 1,235,096.66 1,447,187.35 1,447,187.35
Sales expenses 12,535,798.38 12,535,798.38 13,221,240.77 13,221,240.77
Administration expenses 9,297,038.23 9,297,038.23 8,185,678.44 8,185,678.44
Financial expenses 259,426.59 259,426.59 210,721.69 210,721.69
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
-5,726,953.38 -5,726,953.38 -1,378,325.25 -1,378,325.25
with “-”)
Add: Non-operating income 274,311.60 274,311.60 328,160.90 328,160.90
Less: Non-operating expense 200.00 200.00 30,050.00 30,050.00
Including: Disposal loss of
non-current asset
IV. Total Profit (Loss is listed with
-5,452,841.78 -5,452,841.78 -1,080,214.35 -1,080,214.35
“-”)
Less: Income tax expense
9
Hainan Dadonghai Tourism Centre (Holdings) Co., Ltd. The Third Quarterly Report for 2011 (Full Text)
V. Net profit (Net loss is listed with
-5,452,841.78 -5,452,841.78 -1,080,214.35 -1,080,214.35
“-”)
Net profit attributable to owner’s
-5,452,841.78 -5,452,841.78 -1,080,214.35 -1,080,214.35
of parent company
Minority shareholders’ gains and
losses
VI. Earnings per share
i. Basic earnings per share -0.0150 -0.0150 -0.0030 -0.0030
ii. Diluted earnings per share -0.0150 -0.0150 -0.0030 -0.0030
VII. Other consolidated income
VIII. Total consolidated income -5,452,841.78 -5,452,841.78 -1,080,214.35 -1,080,214.35
Total consolidated income attributable
-5,452,841.78 -5,452,841.78 -1,080,214.35 -1,080,214.35
to owners of parent company
Total consolidated income attributable
to minority shareholders
The merging party realized net profit of RMB 00.00 before consolidation under same control that
occurred from year-begin to end of this period.
4.4 Cash flow statement from year-begin to the end of report period
Prepared by Hainan Dadonghai Tourism Centre (Holdings) Co., Ltd.
Jan.-Sept. 2011 In RMB Yuan
Amount in this period Amount in last period
Items Parent Parent
Consolidation Consolidation
Company Company
I. Cash flows arising from operating
activities:
Cash received from selling
commodities and providing labor 22,340,683.71 22,340,683.71 26,703,796.29 26,703,796.29
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
10
Hainan Dadonghai Tourism Centre (Holdings) Co., Ltd. The Third Quarterly Report for 2011 (Full Text)
Other cash received concerning
621,767.26 621,767.26 887,813.01 887,813.01
operating activities
Subtotal of cash inflow arising
22,962,450.97 22,962,450.97 27,591,609.30 27,591,609.30
from operating activities
Cash paid for purchasing
commodities and receiving labor 8,203,474.28 8,203,474.28 5,565,659.55 5,565,659.55
service
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
7,451,956.20 7,451,956.20 7,277,706.23 7,277,706.23
workers
Taxes paid 2,062,348.15 2,062,348.15 2,533,072.47 2,533,072.47
Other cash paid concerning
4,908,363.12 4,908,363.12 10,727,261.75 10,727,261.75
operating activities
Subtotal of cash outflow arising
22,626,141.75 22,626,141.75 26,103,700.00 26,103,700.00
from operating activities
Net cash flows arising from
336,309.22 336,309.22 1,487,909.30 1,487,909.30
operating 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 8,390.00 8,390.00
long-term assets
Net cash received from disposal
of subsidiaries and other units
Other cash received concerning
investing activities
Subtotal of cash inflow from
8,390.00 8,390.00
investing activities
Cash paid for purchasing fixed,
1,947,154.80 1,947,154.80 195,212.00 195,212.00
intangible and other long-term assets
Cash paid for investment
Net increase of mortgaged loans
Net cash received from
subsidiaries and other units
Other cash paid concerning
investing activities
11
Hainan Dadonghai Tourism Centre (Holdings) Co., Ltd. The Third Quarterly Report for 2011 (Full Text)
Subtotal of cash outflow from
1,947,154.80 1,947,154.80 195,212.00 195,212.00
investing activities
Net cash flows arising from
-1,938,764.80 -1,938,764.80 -195,212.00 -195,212.00
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
67,000.00 67,000.00
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
67,000.00 67,000.00
financing activities
Net cash flows arising from
-67,000.00 -67,000.00
financing activities
IV. Influence on cash and cash
equivalents due to fluctuation in
exchange rate
V. Net increase of cash and cash
-1,669,455.58 -1,669,455.58 1,292,697.30 1,292,697.30
equivalents
Add: Balance of cash and cash
3,104,278.19 3,104,278.19 3,425,846.65 3,425,846.65
equivalents at the period -begin
VI. Balance of cash and cash
1,434,822.61 1,434,822.61 4,718,543.95 4,718,543.95
equivalents at the period -end
4.5 Auditor’s report
Auditor’s opinions: Un-audited
Chairman: Li Yuanbin
Hainan Dadonghai Tourism Centre (Holdings) Co., Ltd.
October 26, 2011
12
