海南大东海旅游中心股份有限公司 2021 年半年度财务报告
Hainan Dadonghai Tourism Centre (Holdings) Co., Ltd.
Semi-Annual 2021
Financial Report
19 August 2021
I. Financial Statement
1. Consolidated Balance Sheet
June 30, 2021
In RMB
Item June 30, 2021 December 31, 2020
Current assets:
Monetary funds 3,240,620.51 2,924,459.75
Settlement provisions
Capital lent
Trading financial assets
Derivative financial assets
Note receivable
Account receivable 89,030.64 429,303.32
Receivable financing
Accounts paid in advance
Insurance receivable
Reinsurance receivables
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海南大东海旅游中心股份有限公司 2021 年半年度财务报告
Contract reserve of reinsurance receivable
Other account receivable 522,032.39 432,560.55
Including: Interest receivable
Dividend receivable
Buying back the sale of financial assets
Inventories 221,475.00 2,009,928.83
Contractual assets
Assets held for sale
Non-current asset due within one year
Other current assets 3,446,991.54 3,977,452.24
Total current assets 7,520,150.08 9,773,704.69
Non-current assets:
Loans and payments on behalf
Debt investment
Other debt investment
Long-term account receivable
Long-term equity investment
Investment in other equity instrument
Other non-current financial assets
Investment real estate 7,198,171.53 7,435,433.31
Fixed assets 32,957,434.73 34,694,023.75
Construction in progress
Productive biological asset
Oil and gas asset
Right-of-use assets
Intangible assets 20,174,281.14 20,580,474.72
Expense on Research and Development
Goodwill
Long-term expenses to be apportioned 21,629,691.28 24,957,702.73
Deferred income tax asset
Other non-current asset
Total non-current asset 81,959,578.68 87,667,634.51
Total assets 89,479,728.76 97,441,339.20
Current liabilities:
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海南大东海旅游中心股份有限公司 2021 年半年度财务报告
Short-term loans
Loan from central bank
Capital borrowed
Trading financial liability
Derivative financial liability
Note payable
Account payable 1,019,806.75 808,710.46
Accounts received in advance
Contractual liability 875,822.38 626,285.33
Selling financial asset of repurchase
Absorbing deposit and interbank deposit
Security trading of agency
Security sales of agency
Wage payable 2,458,042.98 2,595,861.40
Taxes payable 364,489.65 366,892.96
Other account payable 3,027,832.98 6,167,763.36
Including: Interest payable
Dividend payable
Commission charge and commission payable
Reinsurance payable
Liability held for sale
Non-current liabilities due within one year 11,508.13 6,621,497.94
Other current liabilities 52,549.34 37,577.12
Total current liabilities 7,810,052.21 17,224,588.57
Non-current liabilities:
Insurance contract reserve
Long-term loans 9,893,757.94 9,893,757.94
Bonds payable
Including: Preferred stock
Perpetual capital securities
Lease liability
Long-term account payable
Long-term wages payable
Accrual liability 1,489,685.04 1,489,685.04
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海南大东海旅游中心股份有限公司 2021 年半年度财务报告
Deferred income
Deferred income tax liabilities
Other non-current liabilities 1,914,592.66 1,914,592.66
Total non-current liabilities 13,298,035.64 13,298,035.64
Total liabilities 21,108,087.85 30,522,624.21
Owner’s equity:
Share capital 364,100,000.00 364,100,000.00
Other equity instrument
Including: Preferred stock
Perpetual capital securities
Capital public reserve 54,142,850.01 54,142,850.01
Less: Inventory shares
Other comprehensive income
Reasonable reserve
Surplus public reserve
Provision of general risk
Retained profit -349,871,209.10 -351,324,135.02
Total owner’ s equity attributable to parent company 68,371,640.91 66,918,714.99
Minority interests
Total owner’ s equity 68,371,640.91 66,918,714.99
Total liabilities and owner’ s equity 89,479,728.76 97,441,339.20
Legal Representative: Yuan Xiaoping
Accounting Principal: Fu Zongren
Accounting Firm’s Principal: Fu Zongren
2. Balance Sheet of Parent Company
In RMB
Item June 30, 2021 December 31, 2020
Current assets:
Monetary funds 3,239,943.81 2,923,474.26
Trading financial assets
Derivative financial assets
Note receivable
Account receivable 89,030.64 429,303.32
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海南大东海旅游中心股份有限公司 2021 年半年度财务报告
Receivable financing
Accounts paid in advance
Other account receivable 522,032.39 432,560.55
Including: Interest receivable
Dividend receivable
Inventories 221,475.00 2,009,928.83
Contractual assets
Assets held for sale
Non-current assets maturing within one year
Other current assets 3,446,991.54 3,977,452.24
Total current assets 7,519,473.38 9,772,719.20
Non-current assets:
Debt investment
Other debt investment
Long-term receivables
Long-term equity investments 1,000,000.00 1,000,000.00
Investment in other equity instrument
Other non-current financial assets
Investment real estate 7,198,171.53 7,435,433.31
Fixed assets 32,957,434.73 34,694,023.75
Construction in progress
Productive biological assets
Oil and natural gas assets
Right-of-use assets
Intangible assets 20,174,281.14 20,580,474.72
Research and development costs
Goodwill
Long-term deferred expenses 21,629,691.28 24,957,702.73
Deferred income tax assets
Other non-current assets
Total non-current assets 82,959,578.68 88,667,634.51
Total assets 90,479,052.06 98,440,353.71
Current liabilities:
Short-term borrowings
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海南大东海旅游中心股份有限公司 2021 年半年度财务报告
Trading financial liability
Derivative financial liability
Notes payable
Account payable 1,019,806.75 808,710.46
Accounts received in advance
Contractual liability 875,822.38 626,285.33
Wage payable 2,458,042.98 2,595,861.40
Taxes payable 364,489.65 366,892.96
Other accounts payable 4,027,301.68 7,167,232.06
Including: Interest payable
Dividend payable
Liability held for sale
Non-current liabilities due within one year 11,508.13 6,621,497.94
Other current liabilities 52,549.34 37,577.12
Total current liabilities 8,809,520.91 18,224,057.27
Non-current liabilities:
Long-term loans 9,893,757.94 9,893,757.94
Bonds payable
Including: Preferred stock
Perpetual capital securities
Lease liability
Long-term account payable
Long term employee compensation payable
Accrued liabilities 1,489,685.04 1,489,685.04
Deferred income
Deferred income tax liabilities
Other non-current liabilities 1,914,592.66 1,914,592.66
Total non-current liabilities 13,298,035.64 13,298,035.64
Total liabilities 22,107,556.55 31,522,092.91
Owners’ equity:
Share capital 364,100,000.00 364,100,000.00
Other equity instrument
Including: Preferred stock
Perpetual capital securities
6
海南大东海旅游中心股份有限公司 2021 年半年度财务报告
Capital public reserve 54,142,850.01 54,142,850.01
Less: Inventory shares
Other comprehensive income
Special reserve
Surplus reserve
Retained profit -349,871,354.50 -351,324,589.21
Total owner’s equity 68,371,495.51 66,918,260.80
Total liabilities and owner’s equity 90,479,052.06 98,440,353.71
3. Consolidated Profit Statement
In RMB
Item 2021 semi-annual 2020 semi-annual
I. Total operating income 19,079,779.41 4,981,872.00
Including: Operating income 19,079,779.41 4,981,872.00
Interest income
Insurance gained
Commission charge and commission income
II. Total operating cost 17,863,208.53 11,529,626.87
Including: Operating cost 10,060,086.41 5,052,678.43
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
Tax and extras 325,142.31 182,132.20
Sales expense 2,720,548.17 2,095,194.24
Administrative expense 4,382,016.80 4,200,935.35
R&D expense
Financial expense 375,414.84 -1,313.35
Including: Interest expenses 360,946.81 76,128.55
Interest income 17,993.99 89,077.69
Add: Other income 233,438.24 262,840.35
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海南大东海旅游中心股份有限公司 2021 年半年度财务报告
Investment income (Loss is listed with “-”)
Including: Investment income on affiliated company and joint venture
The termination of income recognition for financial assets measured by
amortized cost
Exchange income (Loss is listed with “-”)
Net exposure hedging income (Loss is listed with “-”)
Income from change of fair value (Loss is listed with “-”)
Loss of credit impairment (Loss is listed with “-”)
Losses of devaluation of asset (Loss is listed with “-”)
Income from assets disposal (Loss is listed with “-”)
III. Operating profit (Loss is listed with “-”) 1,450,009.12 -6,284,914.52
Add: Non-operating income 3,739.40 2,593.62
Less: Non-operating expense 822.60 349,129.52
IV. Total profit (Loss is listed with “-”) 1,452,925.92 -6,631,450.42
Less: Income tax expense
V. Net profit (Net loss is listed with “-”) 1,452,925.92 -6,631,450.42
(i) Classify by business continuity
1.continuous operating net profit (net loss listed with ‘-”) 1,452,925.92 -6,631,450.42
2.termination of net profit (net loss listed with ‘-”)
(ii) Classify by ownership
1.Net profit attributable to owner’s of parent company 1,452,925.92 -6,631,450.42
2.Minority shareholders’ gains and losses
VI. Net after-tax of other comprehensive income
Net after-tax of other comprehensive income attributable to owners of parent
company
(I) Other comprehensive income items which will not be reclassified
subsequently to profit of loss
1.Changes of the defined benefit plans that re-measured
2.Other comprehensive income under equity method that cannot be transfer
to gain/loss
3.Change of fair value of investment in other equity instrument
4.Fair value change of enterprise's credit risk
5. Other
(ii) Other comprehensive income items which will be reclassified
subsequently to profit or loss
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海南大东海旅游中心股份有限公司 2021 年半年度财务报告
1.Other comprehensive income under equity method that can transfer to
gain/loss
2.Change of fair value of other debt investment
3.Amount of financial assets re-classify to other comprehensive income
4.Credit impairment provision for other debt investment
5.Cash flow hedging reserve
6.Translation differences arising on translation of foreign currency
financial statements
7.Other
Net after-tax of other comprehensive income attributable to minority
shareholders
VII. Total comprehensive income 1,452,925.92 -6,631,450.42
Total comprehensive income attributable to owners of parent Company 1,452,925.92 -6,631,450.42
Total comprehensive income attributable to minority shareholders
VIII. Earnings per share:
(i) Basic earnings per share 0.0040 -0.0182
(ii) Diluted earnings per share 0.0040 -0.0182
As for the enterprise combined under the same control, net profit of 0 Yuan achieved by the merged party before combination while 0
Yuan achieved last period
Legal Representative: Yuan Xiaoping
Accounting Principal: Fu Zongren
Accounting Firm’s Principal: Fu Zongren
4. Profit Statement of Parent Company
In RMB
Item Semi-annual of 2021 Semi-annual of 2020
I. Operating income 19,079,779.41 4,981,872.00
Less: Operating cost 10,060,086.41 5,052,678.43
Taxes and surcharge 325,142.31 182,132.20
Sales expenses 2,720,548.17 2,095,194.24
Administration expenses 4,382,016.80 4,200,735.35
R&D expenses
Financial expenses 375,106.05 -1,458.93
Including: Interest expenses 360,946.81 76,128.55
Interest income 17,992.78 89,063.27
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海南大东海旅游中心股份有限公司 2021 年半年度财务报告
Add: Other income 233,438.24 262,840.35
Investment income (Loss is listed with “-”)
Including: Investment income on affiliated Company and joint venture
The termination of income recognition for financial assets measured by
amortized cost (Loss is listed with “-”)
Net exposure hedging income (Loss is listed with “-”)
Changing income of fair value (Loss is listed with “-”)
Loss of credit impairment (Loss is listed with “-”)
Losses of devaluation of asset (Loss is listed with “-”)
Income on disposal of assets (Loss is listed with “-”)
II. Operating profit (Loss is listed with “-”) 1,450,317.91 -6,284,568.94
Add: Non-operating income 3,739.40 2,593.62
Less: Non-operating expense 822.60 349,129.52
III. Total Profit (Loss is listed with “-”) 1,453,234.71 -6,631,104.84
Less: Income tax
IV. Net profit (Net loss is listed with “-”) 1,453,234.71 -6,631,104.84
(i) continuous operating net profit (net loss listed with ‘-”) 1,453,234.71 -6,631,104.84
(ii) termination of net profit (net loss listed with ‘-”)
V. Net after-tax of other comprehensive income
(i) Other comprehensive income items which will not be reclassified
subsequently to profit of loss
1.Changes of the defined benefit plans that re-measured
2.Other comprehensive income under equity method that cannot be transfer
to gain/loss
3.Change of fair value of investment in other equity instrument
4.Fair value change of enterprise's credit risk
5. Other
(ii) Other comprehensive income items which will be reclassified
subsequently to profit or loss
1.Other comprehensive income under equity method that can transfer to
gain/loss
2.Change of fair value of other debt investment
3.Amount of financial assets re-classify to other comprehensive income
4.Credit impairment provision for other debt investment
5.Cash flow hedging reserve
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海南大东海旅游中心股份有限公司 2021 年半年度财务报告
6.Translation differences arising on translation of foreign currency
financial statements
7.Other
VI. Total comprehensive income 1,453,234.71 -6,631,104.84
VII. Earnings per share:
(i) Basic earnings per share 0.0040 -0.0182
(ii) Diluted earnings per share 0.0040 -0.0182
5. Consolidated Cash Flow Statement
In RMB
Item Semi-annual of 2021 Semi-annual of 2020
I. Cash flows arising from operating activities:
Cash received from selling commodities and providing labor services 21,790,626.36 5,200,787.10
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
Cash received from interest, commission charge and commission
Net increase of capital borrowed
Net increase of returned business capital
Net cash received by agents in sale and purchase of securities
Write-back of tax received 568.93 89,077.69
Other cash received concerning operating activities 580,370.32 501,830.36
Subtotal of cash inflow arising from operating activities 22,371,565.61 5,791,695.15
Cash paid for purchasing commodities and receiving labor service 3,524,106.46 2,862,000.80
Net increase of customer loans and advances
Net increase of deposits in central bank and interbank
Cash paid for original insurance contract compensation
Net increase of capital lent
Cash paid for interest, commission charge and commission
Cash paid for bonus of guarantee slip
Cash paid to/for staff and workers 5,824,917.18 5,523,279.64
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海南大东海旅游中心股份有限公司 2021 年半年度财务报告
Taxes paid 498,863.63 311,265.46
Other cash paid concerning operating activities 1,903,204.29 1,884,340.17
Subtotal of cash outflow arising from operating activities 11,751,091.56 10,580,886.07
Net cash flows arising from operating activities 10,620,474.05 -4,789,190.92
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 400.00 300.00
Net cash received from disposal of subsidiaries and other units
Other cash received concerning investing activities
Subtotal of cash inflow from investing activities 400.00 300.00
Cash paid for purchasing fixed, intangible and other long-term assets 3,333,776.67 4,541,624.47
Cash paid for investment
Net increase of mortgaged loans
Net cash received from subsidiaries and other units obtained
Other cash paid concerning investing activities
Subtotal of cash outflow from investing activities 3,333,776.67 4,541,624.47
Net cash flows arising from investing activities -3,333,376.67 -4,541,324.47
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 19,791,474.22
Other cash received concerning financing activities
Subtotal of cash inflow from financing activities 19,791,474.22
Cash paid for settling debts 6,598,477.52
Cash paid for dividend and profit distributing or interest paying 372,459.10 51,265.51
Including: Dividend and profit of minority shareholder paid by subsidiaries
Other cash paid concerning financing activities
Subtotal of cash outflow from financing activities 6,970,936.62 51,265.51
Net cash flows arising from financing activities -6,970,936.62 19,740,208.71
IV. Influence on cash and cash equivalents due to fluctuation in exchange rate
V. Net increase of cash and cash equivalents 316,160.76 10,409,693.32
Add: Balance of cash and cash equivalents at the period -begin 2,924,459.75 7,422,939.89
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海南大东海旅游中心股份有限公司 2021 年半年度财务报告
VI. Balance of cash and cash equivalents at the period -end 3,240,620.51 17,832,633.21
6. Cash Flow Statement of Parent Company
In RMB
Item Semi-annual of 2021 Semi-annual of 2020
I. Cash flows arising from operating activities:
Cash received from selling commodities and providing labor services 21,790,626.36 5,200,787.10
Write-back of tax received 568.93 89,063.27
Other cash received concerning operating activities 580,369.11 501,815.94
Subtotal of cash inflow arising from operating activities 22,371,564.40 5,791,666.31
Cash paid for purchasing commodities and receiving labor service 3,524,106.46 2,862,000.80
Cash paid to/for staff and workers 5,824,917.18 5,523,279.64
Taxes paid 498,863.63 311,217.66
Other cash paid concerning operating activities 1,902,894.29 1,883,965.75
Subtotal of cash outflow arising from operating activities 11,750,781.56 10,580,463.85
Net cash flows arising from operating activities 10,620,782.84 -4,788,797.54
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 400.00 300.00
Net cash received from disposal of subsidiaries and other units
Other cash received concerning investing activities
Subtotal of cash inflow from investing activities 400.00 300.00
Cash paid for purchasing fixed, intangible and other long-term assets 3,333,776.67 4,541,624.47
Cash paid for investment
Net cash received from subsidiaries and other units obtained
Other cash paid concerning investing activities
Subtotal of cash outflow from investing activities 3,333,776.67 4,541,624.47
Net cash flows arising from investing activities -3,333,376.67 -4,541,324.47
III. Cash flows arising from financing activities:
Cash received from absorbing investment
Cash received from loans 19,791,474.22
Other cash received concerning financing activities
Subtotal of cash inflow from financing activities 19,791,474.22
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海南大东海旅游中心股份有限公司 2021 年半年度财务报告
Cash paid for settling debts 6,598,477.52
Cash paid for dividend and profit distributing or interest paying 372,459.10 51,265.51
Other cash paid concerning financing activities
Subtotal of cash outflow from financing activities 6,970,936.62 51,265.51
Net cash flows arising from financing activities -6,970,936.62 19,740,208.71
IV. Influence on cash and cash equivalents due to fluctuation in exchange rate
V. Net increase of cash and cash equivalents 316,469.55 10,410,086.70
Add: Balance of cash and cash equivalents at the period -begin 2,923,474.26 7,421,452.59
VI. Balance of cash and cash equivalents at the period -end 3,239,943.81 17,831,539.29
7. Statement of Changes in Owners’ Equity (Consolidated)
Current Amount
In RMB
Semi-annual of 2021
Owners’ equity attributable to the parent Company
Othe O
r P
t
equit L r
h
y e o
e
instr s R v
r
ume s e i
c S
nt : a s
o u
I s i
P m r M
n o o
Pe p p in
v n n
r r r l or
e a O
ep e u it Total
Item n b o t
fe Capital h s y owners’
Share capital t l f Retained profit h Subtotal
e t reserve e r in equity
o e g e
ruO n e ter
r r e r
ra t s s es
y e n
el h i e ts
s e
dc e v r
s e r
a r e v
h r a
sp i e
a v l
t i n
r e r
ot c
e i
ca o
s s
kl m
k
s e
14
海南大东海旅游中心股份有限公司 2021 年半年度财务报告
e
c
u
r
i
t
i
e
s
I. The ending balance of the 66,918,714.
364,100,000.00 54,142,850.01 -351,324,135.02 66,918,714.99
previous year 99
Add: Changes of accounting
policy
Error correction of the last
period
Enterprise combine under
the same control
Other
II. The beginning balance of 66,918,714.
364,100,000.00 54,142,850.01 -351,324,135.02 66,918,714.99
the current year 99
III. Increase/ Decrease in
1,452,925.9
the period (Decrease is 1,452,925.92 1,452,925.92
2
listed with “-”)
(i) Total comprehensive 1,452,925.9
1,452,925.92 1,452,925.92
income 2
(ii) Owners’ devoted and
decreased capital
1.Common shares invested
by shareholders
2. Capital invested by
holders of other equity
instruments
3. Amount reckoned into
owners equity with
share-based payment
4. Other
(iii) Profit distribution
1. Withdrawal of surplus
reserves
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海南大东海旅游中心股份有限公司 2021 年半年度财务报告
2. Withdrawal of general
risk provisions
3. Distribution for owners
(or shareholders)
4. Other
(iv) Carrying forward
internal owners’ equity
1. Capital reserves
conversed to capital (share
capital)
2. Surplus reserves
conversed to capital (share
capital)
3. Remedying loss with
surplus reserve
4. Carry-over retained
earnings from the defined
benefit plans
5. Carry-over retained
earnings from other
comprehensive income
6. Other
(v) Reasonable reserve
1. Withdrawal in the report
period
2. Usage in the report period
(vi) Others
IV. Balance at the end of the 68,371,640.
364,100,000.00 54,142,850.01 -349,871,209.10 68,371,640.91
period 91
Amount of the previous period
In RMB
Semi-annual of 2020
Owners’ equity attributable to the parent Company
M
Othe
L OR S P O i
r
Item t n Total owners’
e t eur
equit Capital
Share capital sha ro Retained profit h Subtotal o equity
y reserve
s e s pv e r
instr
: r o l i r i
ume
16
海南大东海旅游中心股份有限公司 2021 年半年度财务报告
nt I c n us t
P noa s i y
e v mb r o
r ep l en i
p nr es n
e t e r eo t
t ohe r f e
P r e s vg r
u
r yne ee e
a
e s r n s
l
f s i v e t
c
e hve r s
a
r O ae a
p
r t r i l
i
e h en r
t
d e sc i
a
r o s
l
s m k
s
t e
e
o
c
c
u
k
r
i
t
i
e
s
I. The ending balance of the
364,100,000.00 54,142,850.01 -339,756,246.05 78,486,603.96 78,486,603.96
previous year
Add: Changes of accounting
policy
Error correction of the last
period
Enterprise combine under
the same control
Other
II. The beginning balance of
364,100,000.00 54,142,850.01 -339,756,246.05 78,486,603.96 78,486,603.96
the current year
III. Increase/ Decrease in
the period (Decrease is -6,631,450.42 -6,631,450.42 -6,631,450.42
listed with “-”)
17
海南大东海旅游中心股份有限公司 2021 年半年度财务报告
(i) Total comprehensive
-6,631,450.42 -6,631,450.42 -6,631,450.42
income
(ii) Owners’ devoted and
decreased capital
1.Common shares invested
by shareholders
2. Capital invested by
holders of other equity
instruments
3. Amount reckoned into
owners equity with
share-based payment
4. Other
(iii) Profit distribution
1. Withdrawal of surplus
reserves
2. Withdrawal of general
risk provisions
3. Distribution for owners
(or shareholders)
4. Other
(iv) Carrying forward
internal owners’ equity
1. Capital reserves
conversed to capital (share
capital)
2. Surplus reserves
conversed to capital (share
capital)
3. Remedying loss with
surplus reserve
4. Carry-over retained
earnings from the defined
benefit plans
5. Carry-over retained
earnings from other
comprehensive income
6. Other
18
海南大东海旅游中心股份有限公司 2021 年半年度财务报告
(v) Reasonable reserve
1. Withdrawal in the report
period
2. Usage in the report period
(vi) Others
IV. Balance at the end of the
364,100,000.00 54,142,850.01 -346,387,696.47 71,855,153.54 71,855,153.54
period
8. Statement of Changes in Owners’ Equity (Parent Company)
Current Amount
In RMB
Semi-annual of 2021
Othe
r
equit
y
instr L
O
ume e t
nt sh
P seR
e : r e
r caS
I
p osu
n mo r
e
t v p np
P
u e ral
r O
a n e bu t
Item e hl s Total owners’
Share capital l Capital reserve t Retained profit h
f eer equity
c e
e on e
a r
r O r s rs
p
r t
i y i ee
e h vs r
t
d e eev
a s
r i re
l
s h
s nv
t ace
e
o
c ro
c
u em
k e
r s
i
t
i
e
s
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海南大东海旅游中心股份有限公司 2021 年半年度财务报告
I. The ending balance of the previous year 364,100,000.00 54,142,850.01 -351,324,589.21 66,918,260.80
Add: Changes of accounting policy
Error correction of the last period
Other
II. The beginning balance of the current
364,100,000.00 54,142,850.01 -351,324,589.21 66,918,260.80
year
III. Increase/ Decrease in the period
1,453,234.71 1,453,234.71
(Decrease is listed with “-”)
(i) Total comprehensive income 1,453,234.71 1,453,234.71
(ii) Owners’ devoted and decreased
capital
1.Common shares invested by
shareholders
2. Capital invested by holders of other
equity instruments
3. Amount reckoned into owners equity
with share-based payment
4. Other
(iii) Profit distribution
1. Withdrawal of surplus reserves
2. Distribution for owners (or
shareholders)
3. Other
(iv) Carrying forward internal owners’
equity
1. Capital reserves conversed to capital
(share capital)
2. Surplus reserves conversed to capital
(share capital)
3. Remedying loss with surplus reserve
4. Carry-over retained earnings from the
defined benefit plans
5. Carry-over retained earnings from other
comprehensive income
6. Other
(v) Reasonable reserve
1. Withdrawal in the report period
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海南大东海旅游中心股份有限公司 2021 年半年度财务报告
2. Usage in the report period
(vi) Others
IV. Balance at the end of the period 364,100,000.00 54,142,850.01 -349,871,354.50 68,371,495.51
Amount of the previous period
In RMB
Semi-annual of 2020
Othe
r
equit
y
instr L
O
ume e
t
nt sh
P se
R
e : r e
r c S
I a
p o u
n ms r
e o
vp p
t n
P e r l
u a
r O
a ne bu t
Item e h s Total owners’
Share capital l Capital reserve t l Retained profit h
f e r equity
c e
e onee
a r
r O r s rs
p e
r t yi e
i s
e h v r
t e
d e e v
a s r
r i e
l
s h v
s n
t e
e ac
o
c ro
c
u em
k e
r s
i
t
i
e
s
I. The ending balance of the previous year 364,100,000.00 54,142,850.01 -339,757,154.25 78,485,695.76
Add: Changes of accounting policy
Error correction of the last period
Other
II. The beginning balance of the current
364,100,000.00 54,142,850.01 -339,757,154.25 78,485,695.76
year
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海南大东海旅游中心股份有限公司 2021 年半年度财务报告
III. Increase/ Decrease in the period
-6,631,104.84 -6,631,104.84
(Decrease is listed with “-”)
(i) Total comprehensive income -6,631,104.84 -6,631,104.84
(ii) Owners’ devoted and decreased
capital
1.Common shares invested by
shareholders
2. Capital invested by holders of other
equity instruments
3. Amount reckoned into owners equity
with share-based payment
4. Other
(iii) Profit distribution
1. Withdrawal of surplus reserves
2. Distribution for owners (or
shareholders)
3. Other
(iv) Carrying forward internal owners’
equity
1. Capital reserves conversed to capital
(share capital)
2. Surplus reserves conversed to capital
(share capital)
3. Remedying loss with surplus reserve
4. Carry-over retained earnings from the
defined benefit plans
5. Carry-over retained earnings from other
comprehensive income
6. Other
(v) Reasonable reserve
1. Withdrawal in the report period
2. Usage in the report period
(vi) Others
IV. Balance at the end of the period 364,100,000.00 54,142,850.01 -346,388,259.09 71,854,590.92
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海南大东海旅游中心股份有限公司 2021 年半年度财务报告
II. Company profile
1. Overview
Hainan Dadonghai Tourism Centre (Holdings) Co., Ltd. (hereinafter referred to as the "Company") is a
standardized company limited by shares established on April 26, 1993 and restructured from Hainan Sanya
Dadonghai Tourism Centre Development Co., Ltd. with the approval of Hainan Shareholding System Pilot Group
office via its Document Qiong Gu Ban Zi [1993] No.11. On May 6, 1996, the Company was reorganized and
separated with the reply of Hainan Securities Management Office by its Document Qiong Zheng Ban [1996]
No.58. On October 8, 1996 and January 28, 1997, the Company was approved to respectively issue 80 million B
shares and 14 million A shares on Shenzhen Stock Exchange and list for sales. On June 20, 2007, the Company
carried out the split share structure reform. The non-tradable shareholders of the Company paid shares to the
tradable shareholders for obtaining the circulation rights, and the tradable shareholders got 3 shares for every 10
shares. The Company belongs to tourism and catering service industry.
As at 30 June 2021, the Company's accumulative total issued capital was 364.1 million shares and the Company's
registered capital was RMB 364.1 million. Legal representative: Yuan Xiaoping. Unified social credit code:
91460000201357188U. Domicile: Dadonghai, Hedong District, Sanya. Business scope: Accommodation and
catering industry (limited to branches); photography; flower bonsai, knitwear, general merchandise, hardware and
electrical equipment, chemical products (except franchised operations), daily necessities, industrial means of
production (except franchised operations), metal materials, machinery equipment; sales of train, bus and vehicle
tickets on an agent basis, etc. The Company's largest shareholder is Luoniushan Co., Ltd.
The financial statements were approved by all directors of the Company for disclosure on 19 August 2021.
Scope to the consolidated financial statements
As of 30 June 2021, the subsidiary included into the Company's scope of consolidated financial statements is as
follows:
Subsidiary
Hainan Wengao Tourism Resources Development Co., Ltd.(hereinafter referred to as Wengao Tourism)
III. Basis for the preparation of the financial statements
1.Preparation basis
The Company prepared financial statements in accordance with the Accounting Standards for Business
Enterprises — Basic Standards and the specific accounting standards, the Accounting Standards for Business
Enterprises - Application Guidance, the Accounting Standards for Business Enterprises - Interpretation and other
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海南大东海旅游中心股份有限公司 2021 年半年度财务报告
relevant provisions, issued by the Ministry of Finance, (hereinafter referred to collectively as the "Accounting
Standards for Business Enterprises"), as well as the disclosure provisions of the Rules for the Compilation and
Submission of Information Disclosure by Companies Offering Securities to the Public No.15 - General
Requirements for Financial Reports.
2.Going concern
Due to the influence of COVID-19, the Company suffered a serious decline in annual operating revenue in 2020
and suffered a large amount of losses. However, the current business situation has gradually recovered to normal,
and it is expected that the Company's business activities will continue in the next 12 months.
IV. Significant accounting policies and accounting estimates
1. Statement on compliance with the Accounting Standards for Business Enterprises
The financial statements prepared by the Company meet requirements of the Accounting Standards for Business
Enterprises, and truly and completely reflect the consolidated and the Company’s financial position as of 30 June,
2021 as well as operation results and cash flows for the half year of 2021.
2. Accounting period
The accounting year is from January 1 to December 31 in calendar year.
3. Operating cycle
The Company's operating cycle is 12 months.
4.Functional currency
RMB is adopted as the functional currency.
5.Accounting treatment methods for business combinations under and not under common control
Business combination under common control: The assets and liabilities (including the goodwill arising from the
acquisition of the combinee by the ultimate controller) acquired by the Company in business combinations are
measured at book values of assets and liabilities of the combinee in the consolidated financial statements of the
ultimate controller on the combination date. The stock premium in the capital reserves is adjusted according to the
difference between the book value of the net assets acquired in business combination and the book value of the
consideration paid for the combination (or total par value of shares issued). If there is no sufficient stock premium
in the capital reserves for write-downs, the retained earnings shall be adjusted.
Business combination under different control: the cost of merger is the fair value of the assets, liabilities incurred
or assumed and equity securities issued by the purchaser in order to obtain the control of the purchaser on the
purchase date. The difference between the cost of the merger and the share of the fair value of the identifiable net
assets acquired by the purchaser in the merger shall be recognized as goodwill; The difference between the merger
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海南大东海旅游中心股份有限公司 2021 年半年度财务报告
cost and the share of the fair value of the identifiable net assets acquired by the purchaser in the merger shall be
recorded into the profit and loss of the current period. The identifiable assets, liabilities and contingent liabilities
obtained by the purchaser in the merger meeting the recognition conditions shall be measured at fair value on the
purchase date.
The expenses directly related to the enterprise merger shall be recorded into the current profit and loss when
incurred. The transaction cost of issuing equity securities or debt securities for the purpose of business merger
shall be included in the initial recognized amount of equity securities or debt securities.
6. Preparation methods of consolidated financial statements
6.1 Scope of consolidation
The scope of consolidated financial statements of the Company is determined on the basis of control, and the
scope of consolidated financial statements shall be including the Company and all its subsidiaries.
6.2 Procedures of consolidation
The Company regards the whole enterprise group as an accounting subject and prepares consolidated financial
statements in accordance with the unified accounting policy, reflecting the overall financial situation, operating
results and cash flow of the enterprise group.The Company and subsidiaries, subsidiaries between the impact of
internal transactions to offset. If the internal transaction indicates that the relevant assets have impairment losses,
the full recognition of this part of the loss.If the accounting policy adopted by the subsidiary company and the
accounting period are inconsistent with the company, the necessary adjustments shall be made in accordance with
the Company's accounting policy and accounting period when preparing the consolidated financial statements.
The owner's equity of the subsidiary, the current net profit and loss and the share of the minority shareholders in
the current comprehensive income are listed separately under the owner's equity item in the consolidated balance
sheet, the net profit item in the consolidated profit table and the total comprehensive income item in the
consolidated profit table. The current loss shared by the minority shareholders of the subsidiary exceeds the
balance formed by the minority shareholders' share in the initial owner's equity of the subsidiary, thus reducing the
equity of several shareholders.
1) Increase of subsidiaries or business
During the reporting period, the operating results and cash flows of the subsidiary or business from consolidation
period to the end of the reporting period shall be included in the consolidated financial statements as a result of the
merger of the subsidiary or business under the same control.
Where the investor under the same control can be controlled for reasons such as additional investment, the equity
investment held prior to the acquisition of control by the merged party has been recognized as relevant gains and
losses, other consolidated income and other net assets changes between the date of acquisition of the original
equity and the date of the merger and the date of the merger.
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海南大东海旅游中心股份有限公司 2021 年半年度财务报告
During the reporting period, the consolidated financial statements shall be incorporated into the consolidated
financial statements on the basis of the fair value of identifiable assets, liabilities and contingent liabilities as
determined on the date of purchase, as a result of the consolidation of subsidiaries or businesses under the same
control.
If, for reasons such as additional investment, the investor under the same control can be controlled, the equity of
the buyer held before the date of purchase shall be remeasured according to the fair value of the equity on the date
of purchase. The difference between fair value and book value is included in current investment income. Other
comprehensive income and other changes in owner's equity under equity method accounting which can be
re-classified into profit and loss after the share of the buyer held before the purchase date are converted into the
current investment income of the purchase date.
2) Disposal of subsidiaries
General method of treatment
When the control right of the investor is lost due to the disposal of part of the equity investment or other reasons,
the remaining equity investment after disposal shall be remeasured according to its fair value on the date of loss of
control. The sum of the consideration obtained by the disposal equity and the fair value of the remaining equity,
less the difference between the share of the net assets and the sum of goodwill that should be continuously
calculated by the original subsidiary from the date of purchase or the date of merger, and the investment income in
the current period of loss of control. Other comprehensive income related to the equity investment of the original
subsidiary company and other owner's equity changes under the accounting of equity method, which can be
reclassified into profit and loss, are converted into current investment income when losing control right.
②Disposal of subsidiaries by stages
If the control is lost due to disposal of the equities in subsidiaries through multiple transactions by stages, and the
terms, conditions and economic impact of the transactions related to the enterprise's disposal of its investment in
the subsidiaries meet one or more of the following circumstances, it usually indicates that multiple transactions
should be included in a package transaction:
i. These transactions are concluded at the same time or under the consideration of mutual effect;
ii. These transactions as a whole can reach a complete business result;
iii. The occurrence of a transaction depends on the occurrence of at least one other transaction;
iv. A single transaction is uneconomical but is economical when considered together with other transactions.
If each transaction is a package transaction, the transaction shall be treated as a transaction dealing with the
subsidiary and losing control. Before the loss of control, the difference between the disposal price and the share of
the net assets of the subsidiary corresponding to the disposal investment shall be recognized as other consolidated
income in the consolidated financial statements and transferred to the gains and losses of the current period of loss
of control when the control is lost.
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海南大东海旅游中心股份有限公司 2021 年半年度财务报告
If each transaction is not a package transaction, prior to the loss of control, the equity investment of the subsidiary
shall be partially disposed of without loss of control; in the event of loss of control, Accounting treatment shall be
carried out according to the general treatment method of the disposal subsidiary.
3) Purchase of minority interest of subsidiaries
Adjust the equity premium in the capital reserve in the consolidated balance sheet, if the equity premium in the
capital reserve is insufficient to reduce the equity premium in the capital reserve, adjust the retained earnings.
4) Partial disposal of equity investments in subsidiaries without losing control
The difference between the disposal price and the disposal of long-term equity investment shall enjoy the share of
net assets continuously calculated by the subsidiary from the date of purchase or merger, and adjust the equity
premium in the capital reserve in the consolidated balance sheet. If the equity premium in the capital reserve is
insufficient, the retained earnings shall be adjusted.
7.Classification of joint venture arrangements and accounting treatment for joint ventures
The joint venture arrangement is divided into joint operation and joint venture.
Joint operation refers to the joint venture arrangement in which the joint venture party enjoys the assets related to
the arrangement and bears the liabilities related to the arrangement.
The Company confirms the following items relating to the share of interests in joint operations:
(1) To recognize the assets held separately by the Company and the assets held jointly in accordance with its
share;;
(2) Liabilities undertaken by the Company solely and liabilities jointly undertaken by the Company based on
shares held;
(3) Revenue from the sales of output share enjoyed by the Company in the joint operation;
(4) Revenue from the sales of the joint operation output based on the shares held by the Company; and
(5) Separate costs, and costs for the joint operation based on the shares held by the Company.
The company's investment in the joint venture using equity method accounting, see this note "III.(13) Long-term
equity investment".
8.Recognition criteria of cash and cash equivalents
In preparing the statement of cash flows, cash on hand and deposits that can be used for payment at any time are
recognized as cash. An investment that has four conditions: short duration (due within three months from the date
of purchase), strong liquidity, easy conversion to known cash and low risk of change in value is identified as a
cash equivalent.
9. Foreign currency business and statement translation
Foreign currency business uses the spot exchange rate on the date of transaction as the conversion rate to convert
the foreign currency amount into RMB.
The balance of foreign currency monetary items on the balance sheet date is converted at the spot exchange rate
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海南大东海旅游中心股份有限公司 2021 年半年度财务报告
on the balance sheet date, and the resulting exchange difference, Except for foreign currency special loans related
to the purchase and construction of assets that meet the capitalization conditions, the exchange difference is
recorded into the current profit and loss.
10. Financial instruments
When the Company becomes a party to a financial instrument contract, it recognizes a financial asset, financial
liability or equity instrument.
10.1Classification of financial instruments
According to the business model of the Company's management of financial assets and the characteristics of the
contract cash flow of financial assets, financial assets are classified at the time of initial recognition as: financial
assets measured at amortized cost, financial assets measured at fair value and recorded in other comprehensive
income and financial assets measured at fair value and recorded in the profits and losses of the current period.
The Company will meet the following conditions and not designated as fair value measurement and its changes
into the current profit and loss of financial assets, classified as amortized cost measurement of financial assets:
- The business model is aimed at collecting contract cash flows;
- Contract cash flows are payments only for principal and interest based on outstanding principal amounts.
The Company will also meet the following conditions and is not designated as fair value measurement and its
changes into the current profit and loss of financial assets, classified as fair value measurement and its changes
into other comprehensive income financial assets (debt instruments):
- The business model targets both the collection of contract cash flows and the sale of the financial asset;
- Contract cash flows are payments only for principal and interest based on outstanding principal amounts.
For non-transactional equity investment, the Company may irrevocably designate it at the time of initial
recognition as a financial asset measured at fair value and recorded in other comprehensive income (equity
instrument). The designation is made on the basis of a single investment, and the relevant investment conforms to
the definition of equity instruments from the issuer's point of view.
In addition to the above financial assets measured at amortized cost and at fair value and recorded in other
comprehensive income, The Company classifies all remaining financial assets as financial assets measured at fair
value and recorded in the profits and losses of the current period.At the time of initial recognition, if accounting
mismatches can be eliminated or significantly reduced, The Company may irrevocably designate financial assets
that should be classified as amortized cost or measured at fair value and whose changes are included in other
comprehensive income as financial assets measured at fair value and recorded in the profits and losses of the
current period.
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海南大东海旅游中心股份有限公司 2021 年半年度财务报告
Financial liabilities are classified at the time of initial recognition as: financial liabilities measured at fair value
and recorded in current profits and losses and financial liabilities measured at amortized cost.
Financial liabilities that meet one of the following conditions may be designated at the time of initial measurement
as financial liabilities measured at fair value and whose changes are recorded into the profits and losses of the
current period:
1) this designation can eliminate or significantly reduce accounting mismatches.
2) manage and evaluate the financial liability portfolio or financial assets and financial liabilities portfolio on the
basis of fair value according to the enterprise risk management or investment strategy specified in the official
written document, And report to key managers on this basis within the enterprise.
3) the financial liability contains embedded derivatives that need to be split separately.
10.2Recognition basis and measurement method of financial instruments
(1) Financial assets measured at amortized costs
Financial assets measured at amortized cost include notes receivable, accounts receivable, other receivables,
long-term receivables, creditor's rights investment, etc., are initially measured at fair value, and the related
transaction costs are included in the initial recognition amount; Accounts receivable that do not contain significant
financing components and accounts receivable that the Company has decided not to consider financing
components for more than one year are initially measured at the contract transaction price.
Interest calculated by the real interest rate method during the holding period is recorded into the current profit and
loss.
Upon recovery or disposal, the difference between the obtained price and the book value of the financial asset is
recorded into the current profit or loss.
(2) Financial assets (debt instruments) measured at fair value and whose changes are included in other
comprehensive income
Financial assets (debt instruments) measured at fair value and whose changes are included in other comprehensive
income, including receivables financing, other debt investments, etc., shall be measured at fair value, and the
relevant transaction costs shall be included in the initial recognized amount. The financial asset is subsequently
measured at fair value, and changes in fair value are included in other comprehensive gains and losses except
interest, impairment losses or gains and gains and exchange gains calculated using the real interest rate method.
Upon termination of recognition, the accumulated gains or losses previously recorded in other comprehensive
income shall be transferred from other comprehensive income and recorded in the current profits and losses.
(3) Financial assets (equity instruments) measured at fair value and whose changes are included in other
29
海南大东海旅游中心股份有限公司 2021 年半年度财务报告
consolidated income
Financial assets (equity instruments) measured at fair value and whose changes are included in other
comprehensive income, including investments in other equity instruments, shall be initially measured at fair value,
and relevant transaction costs shall be included in the initial recognized amount. The financial assets are measured
according to the fair value, and whose changes of the fair value are included in other comprehensive income. The
dividends obtained are recorded in the current profits and losses.
Upon termination of recognition, accumulated gains or losses previously recorded in other comprehensive
earnings are transferred from other comprehensive earnings and recorded in retained earnings.
(4) Financial assets measured at fair value and whose changes are included in the current profits and losses
Financial assets measured at fair value and whose changes are included in the current profits and losses, including
trading financial assets, derivative financial assets, other non-current financial assets, etc., shall be measured at
fair value, and the relevant transaction expenses shall be included in the current profits and losses. The financial
assets are measured at fair value, and changes in fair value are included in the current profit and loss.
(5) Financial liabilities measured at fair value and whose changes are included in the current profit and loss
Financial liabilities measured at fair value and whose changes are included in the current profits and losses
include trading financial liabilities and derivative financial liabilities, which are initially measured at fair value,
and the relevant transaction expenses are included in the current profit and loss. The financial liability is measured
at fair value, and changes in fair value are included in the current profit and loss.
Upon termination of recognition, the difference between the book value and the consideration price is recorded in
the current profits and losses.
(6) Financial liabilities measured at amortization costs
Financial liabilities measured at amortization costs include short-term borrowings, notes payable, accounts
payable, other payable, long-term borrowings, bonds payable, long-term payable, and shall be initially measured
at fair value, and related transaction costs are included in the initial recognized amount.
The interest calculated using the actual interest rate method during the holding period is included in the current
profits and losses.
Upon termination of recognition, the difference between the consideration price and the book value of the
financial liability shall be recorded in the current profits and losses.
10.3Financial asset termination recognition and financial asset transfer
30
海南大东海旅游中心股份有限公司 2021 年半年度财务报告
Upon meeting one of the following conditions, the Company terminates the recognition of financial assets:
- Termination of contractual rights to collect cash flows from financial assets;
- Financial assets have been transferred and almost all risks and rewards of ownership of financial assets have
been transferred to the transferring party;
- Financial assets have been transferred and although the Company has neither transferred nor retained almost all
risks and rewards in the ownership of financial assets, it has not retained control over financial assets.
In the event of a transfer of financial assets, if almost all risks and rewards in the ownership of financial assets are
retained, the recognition of the financial assets shall not be terminated.
In judging whether the transfer of financial assets meets the above conditions for the termination of financial
assets, the principle of substance over form is adopted.
The company distinguishes the transfer of financial assets into the overall transfer of financial assets and partial
transfer. If the transfer of financial assets as a whole meets the conditions for termination of recognition, the
difference between the following two amounts shall be recorded into the profits and losses of the current period:
(1) The carrying value of the financial assets transferred;
(2) The sum of the consideration received as a result of the transfer and the cumulative amount of the change in
fair value that was originally directly included in the owner's equity (where the financial assets involved in the
transfer are financial assets (debt instruments) measured at fair value and whose changes are included in other
consolidated income.
If the partial transfer of financial assets meets the conditions for termination of recognition, the book value of the
transferred financial assets as a whole shall be apportioned according to their relative fair value between the
termination of recognition and the non-termination of recognition, The difference between the following two
amounts shall be recorded into the profits and losses of the current period:
(1) To terminate the carrying value of the recognized portion;
(2) The consideration of the termination of the recognition portion corresponds to the sum of the amount of the
termination of the recognition portion (where the transferred financial assets are financial assets (debt instruments)
measured at fair value and whose changes are included in other consolidated income) in the cumulative amount of
the change in fair value originally directly included in the owner's equity.
If the transfer of financial assets does not meet the conditions for termination of recognition, the financial asset
shall continue to be recognized, and the consideration received shall be recognized as a financial liability.
10.4De-recognition of financial liabilities
Where the present obligations of financial liabilities have been discharged in whole or in part, the financial
liability is derecognized or any part thereof shall be derecognized; if the Company signs an agreement with
31
海南大东海旅游中心股份有限公司 2021 年半年度财务报告
creditors to replace the existing financial liabilities by undertaking new financial liabilities, and the new financial
liabilities are substantially different from the existing ones in terms of contract terms, the existing financial
liabilities shall be derecognized, and at the same time, the new financial liability shall be recognized.
Where substantive changes are made to the contract terms of existing financial liability in whole or in part, the
existing financial liabilities or part thereof will be derecognized, and the financial liability the terms of which have
been modified will be recognized as a new financial liability.
Where financial liabilities are derecognized in whole or in part, the difference between the book value of the
financial liabilities derecognized and the consideration paid (including non-cash assets transferred out or new
financial liabilities borne) shall be included in the current profit or loss.
Where the Company redeems part of its financial liabilities, it shall, on the redemption date, allocate the entire
book value of whole financial liabilities according to the comparative fair value of the part that continues to be
recognized and the de-recognized part. The difference between the book value allocated to the derecognized part
and the considerations paid (including non-cash assets surrendered and the new financial liabilities assumed) shall
be included in the current profit or loss.
10.5Determination method of the fair value of financial assets and financial liabilities
The fair value of a financial instrument, for which there is an active market, is the prices quoted for it therein. The
fair value of a financial instrument, for which there is no active market, is determined by using valuation
techniques. At the time of valuation, the Company adopts the techniques that are applicable in the current situation
and supported by enough available data and other information, selects the input values that are consistent with the
features of assets or liabilities as considered by market participants in relevant asset or liability transactions, and
gives priority to use relevant observable inputs. Unobservable inputs are used only under the circumstance when it
is impossible or unobservable inputs to obtain relevant observable inputs.
10.6 Test method and accounting treatment for impairment of financial assets
The Company considers all reasonable and based information, including forward-looking information, estimate
the expected credit loss of financial assets measured at amortized cost and financial assets (debt instruments)
measured at fair value and recorded in other consolidated income in a single or combined manner. The
measurement of expected credit loss depends on whether credit risk increases significantly after initial recognition
of financial assets.
If the credit risk of the financial instrument has increased significantly since the initial confirmation, the Company
measures its loss preparation at the amount equivalent to the expected credit loss of the financial instrument for
the whole life of the financial instrument; If the credit risk of the financial instrument has not increased
significantly since the initial confirmation, the Company measures its loss preparation at the amount equivalent to
32
海南大东海旅游中心股份有限公司 2021 年半年度财务报告
the expected credit loss of the financial instrument for the next 12 months.The resulting increase or reversal of
loss preparation shall be recorded as impairment loss or gain in the current profit or loss.
Usually more than 30 days overdue, the Company believes that the credit risk of the financial instrument has
increased significantly, unless there is conclusive evidence that the credit risk of the financial instrument has not
increased significantly since the initial confirmation.
If the credit risk of a financial instrument is low on the balance sheet date, the Company considers that the credit
risk of the financial instrument has not increased significantly since the initial recognition.
If there is objective evidence that a financial asset has been devalued, the Company shall make provision for the
impairment of the financial asset on a single basis.
11. Note receivable
Consistent with the accounting policy of account receivable
12. Account receivable
For accounts receivable, whether or not it contains significant financing elements, the Company is prepared to
measure losses in accordance with the expected credit loss for the entire life span. For the existence of objective
evidence to show the existence of impairment, as well as other accounts receivable applicable to the individual
evaluation of the impairment test, to confirm the expected credit loss, the provision for individual impairment. For
accounts receivable without objective evidence of impairment or when a single financial asset is unable to assess
the expected credit loss at reasonable cost, the company divides the accounts receivable into several combinations
according to the characteristics of credit risk. The basis for determining the combination is as follows:
Portfolio Name Basis
Account Receivables Portfolio 1 External Customers for Account Receivables
Account Receivables Portfolio 2 Consolidated Related Party Customers for Account Receivables
For the account receivables divided into portfolios, the Company refers to the history of credit loss experience,
combined with the current situation and the forecast of the future economic situation, to prepare tables of aging of
account receivables and comparison tables of expected credit loss rate of the entire duration, and to calculate the
expected credit loss
For lease receivables, long-term receivables formed by the Company through the sale of goods or the provision of
services, the Company chooses to always measure its loss provisions at an amount equal to the expected credit
loss for the entire duration.
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13. Receivables financing
Consistent with the Accounting Standards for Business Enterprise
14.Other receivable
Methods of determining for expected credit losses of other receivable and accounting treatment
For other receivables, if the credit risk has not significantly increased since the initial recognition, it is in the first
stage. The Company shall measure the loss provision according to the expected credit loss in the next 12 months.
If the credit risk has increased significantly since the initial recognition, but the credit impairment has not
occurred, it is in the second stage. If the credit impairment has occurred since the initial recognition, it is in the
third stage. The Company shall measure the loss provision according to the expected credit loss of the instrument
throughout its life.
The Company divides other receivables into several portfolios based on the credit risk characteristics. The basis
for determining the portfolio is as follows:
Portfolio Name Basis
Other Receivables Portfolio 1 Deposit, Security Deposit and Reserve Receivables
Other Receivables Portfolio 2 Receivables of Advance Payment for Another Party
Other Receivables Portfolio 3 Other Account Receivables
For other receivables divided into portfolios, the Company refers to historical experience in credit loss, combined
with the current situation and expected future economic situation, and by default risk exposure and the credit loss
rate within next 12 months or the whole duration, to calculate the expected credit losses.
15. Inventory
15.1Classification of inventories and cost
The inventories are classified into: raw materials, commodity stocks, low-value consumables, food materials,
fuels, etc.
15.2Measurement of inventories dispatched
The commodity stocks are accounted for based on their selling prices, and the difference between the commodity
purchasing price and the selling price is adjusted monthly by the comprehensive spread rate method. The
inventory materials are measured at actual cost when purchased and warehoused, and measured using the first-in
first-out method when applied for use and dispatched. Low-value consumables are amortized on a one-off basis
when applied for use.
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15.3Determining basis of the net realizable value of inventories and method for inventory depreciation
reserve
On the balance sheet date, inventory should be measured according to the lower cost and net realizable value.
When the inventory cost is higher than its net realizable value, it shall be prepared to raise the inventory price. Net
realizable value refers to the estimated selling price of inventory in daily activities minus the estimated cost to be
incurred at the time of completion, the estimated sales expenses and the amount of related taxes and fees.
Inventory of goods directly used for sale, such as finished goods, goods in stock and materials used for sale, to
determine the net realizable value in the normal course of production and operation at the estimated selling price
of the inventory minus the estimated sales expenses and related taxes; inventory of materials requiring processing
to determine the net realizable value in the normal course of production and operation at the estimated selling
price of the finished product minus the estimated costs to be incurred at the time of completion, estimated sales
expenses and related taxes; The net realizable value of inventory held for the execution of a sales contract or a
labor contract is calculated on the basis of the contract price. If the quantity of inventory held is more than the
quantity ordered in the sales contract, The net realizable value of excess inventory is calculated on the basis of
general sales price.
If the factors affecting the previous write-down of inventory value have disappeared, resulting in the net realizable
value of inventory being higher than its book value, it shall be reversed within the reserve amount of the original
inventory falling price, and the amount transferred back shall be recorded into the profits and losses of the current
period.
15.4Inventory system
Perpetual inventory system is adopted.
15.5Amortization method for low-cost consumables and packaging materials
(1) Low-cost consumables are amortized in a lump sum;
(2) Packaging materials are amortized in a lump sum.
16. Contractual assets
16.1Methods and criteria for the recognition of contract assets
The Company lists contract assets or contractual liabilities in the balance sheet according to the relationship
between performance obligations and customer payments. The Company's right to receive consideration (and
depends on factors other than the passage of time) for the transfer of goods or services to customers is listed as a
contract asset. Contract assets and contractual liabilities under the same contract are shown in net terms. The
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Company's right to collect consideration from customers unconditionally (depending on the passage of time only)
is shown separately as receivables.
16.2 Methods of determining expected credit loss of contract assets and accounting treatment
The method of determining the expected credit loss of the contract assets and the method of accounting treatment
are detailed in the test method and accounting treatment method of the impairment of the financial assets in note
III(10).6. Test methods and accounting treatment for impairment of financial assets"
17. Contract costs
Contract cost includes contract performance cost and contract acquisition cost.
If the costs incurred by the Company for the performance of the contract do not fall within the scope of the
relevant standards, such as inventory, fixed assets or intangible assets, it shall be recognized as an asset as the
contract performance cost when the following conditions are met:
The cost is directly related to a current or expected contract.
This cost increases the company's future resources for performance obligations.
The cost is expected to be recovered.
If the incremental cost incurred by the Company in order to obtain the contract is expected to be recovered, it shall
be recognized as an asset as the contract acquisition cost.
The assets related to the contract cost shall be amortized on the same basis as the recognition of the goods or
services income related to the asset; However, if the amortization period of the contract acquisition cost does not
exceed one year, the Company shall account for the profits and losses of the current period at the time of
occurrence
If the book value of the assets related to the contract cost is higher than the difference between the following two
items, the Company shall make provision for the impairment of the excess part and shall confirm the impairment
loss of the assets:
(1) The remaining consideration is expected to be obtained as a result of the transfer of goods or services related
to the asset;
(2) Estimated costs to be incurred for the transfer of the relevant goods or services.
If the above-mentioned difference is higher than the book value of the asset, the company shall return the original
impairment provision and account for the profits and losses of the current period. However, the book value of the
transferred assets does not exceed the book value of the assets on the date of return.
18.Long-term equity investment
18.1Judgment criteria for joint control and significant influence
Common control refers to the common control of an arrangement according to the relevant agreement, and the
related activities of the arrangement must be agreed by the participants who share the control right before they can
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make decisions. If the company, together with other partners, exercises joint control over the invested unit and has
the right to the net assets of the invested unit, the invested unit shall be the joint venture of the company.
Major influence refers to the power to participate in the decision-making of the financial and business decisions of
the invested units, but it cannot control or jointly control the formulation of these policies with other parties. If the
Company can exert great influence on the invested unit, the invested unit shall be a joint venture of the company.
18.2Determination of initial investment cost
1) Long-term equity investments resulting from merger
For the long-term equity investment of the subsidiary formed by the merger under the same control, the initial
investment cost of the long-term equity investment is based on the share of the book value of the owner's equity of
the merged party in the consolidated financial statements of the final controlling party on the merger date.The
difference between the initial investment cost of long-term equity investment and the book value of payment
consideration is adjusted to adjust the equity premium in the capital reserve; when the equity premium in the
capital reserve is insufficient, the retained earnings are adjusted.If the initial investment cost of the long-term
equity investment recognized in accordance with the above principles is the difference between the book value of
the long-term equity investment before the merger and the book value of the new consideration of the shares
further obtained on the date of the merger, the equity premium is adjusted, and the retained earnings are reduced.
For the long-term equity investment of subsidiaries formed by the merger of enterprises under the same control,
the combined cost determined on the purchase date is taken as the initial investment cost of the long-term equity
investment. If the invested unit under the same control can be controlled due to additional investment and other
reasons, the initial investment cost shall be taken as the sum of the original equity investment book value plus the
new investment cost.
2) Long-term equity investments obtained by means other than merger
Long-term equity investments obtained by cash payment are based on the actual purchase price as the initial
investment cost.
The long-term equity investment obtained by issuing equity securities shall be regarded as the initial investment
cost according to the fair value of issuing equity securities.
18.3Subsequent measurements and recognition of profit or loss
1) Long-term equity investments accounted for under cost method
The Company's long-term equity investment in subsidiaries is accounted for by cost method unless the investment
meets the conditions for holding for sale. In addition to the actual payment of the investment or the declared but
not yet issued cash dividends or profits contained in the consideration, the company shall recognize the current
investment income in accordance with the cash dividend or profit declared by the invested unit.
2) Long-term equity investments accounted for under the equity method
The long-term equity investment of joint venture and joint venture shall be accounted by equity method. When the
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initial investment cost is greater than the investment, it should enjoy the difference of the fair value share of the
identifiable net assets of the invested unit, and not adjust the initial investment cost of the long-term equity
investment.
The Company shall recognize the investment income and other combined income according to the net profit and
loss realized by the invested unit and the share of other combined income, and adjust the book value of the
long-term equity investment.
When recognizing the share of the net profit and loss of the invested unit, other comprehensive income and other
owner's equity changes, it shall be based on the fair value of the identifiable net assets of the invested unit at the
time of obtaining the investment, and shall be confirmed after adjusting the net profit and other comprehensive
income of the invested unit in accordance with the accounting policy and accounting period of the company.
The unrealized internal transaction gains and losses between the Company and the joint venture and the joint
venture shall be offset by the portion attributable to the Company calculated in proportion to the amount to be
enjoyed, and the investment income shall be recognized on this basis, except where the assets invested or sold
constitute business. If the unrealized internal transaction loss with the invested unit belongs to the impairment loss
of assets, the full amount shall be confirmed.
The net loss of a company to a joint venture or a joint venture shall, in addition to the obligation to bear additional
losses, be reduced to zero by the book value of the long-term equity investment and other long-term interests that
essentially constitute the net investment in the joint venture or joint venture. If the joint venture or joint venture
realizes net profit after the joint venture or joint venture, the Company shall restore the confirmed income sharing
amount after the income sharing amount makes up for the unrecognized loss share amount.
3) Disposal of long-term equity investments
Disposal of long-term equity investment, its book value and the actual acquisition price difference is accounted
into the current profit and loss.
Where long-term equity investment accounted by part of the disposal equity method is still accounted for by the
equity method, the other comprehensive income recognized by the original equity method is carried forward
according to the corresponding proportion on the same basis as the assets or liabilities directly disposed of by the
invested unit, and the other owner's equity changes are transferred to the current profit and loss proportionally.
If the joint control or significant influence on the invested unit has been lost due to the disposal of equity
investment, other comprehensive income recognized by the original equity investment due to the use of equity
accounting shall be treated on the same basis as the direct disposal of related assets or liabilities by the invested
unit.
Where the control of the invested unit has been lost due to the disposal of part of the equity investment and other
reasons, when preparing the individual financial statements, the remaining equity can be jointly controlled or
significantly affected by the invested unit, and shall be accounted for according to the equity method, and adjusted
by equity method accounting when the remaining equity is regarded as acquired. Other comprehensive income
recognized prior to obtaining the control of the invested unit shall be carried forward proportionally on the same
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basis as the assets or liabilities directly disposed of by the invested unit, and transferred to the profits and losses of
the current period due to the changes in other owners' equity recognized by equity method accounting; If the
surplus equity cannot exercise joint control or exert significant influence on the invested unit, it shall be
recognized as a financial asset, and the difference between the fair value and the book value on the date of loss of
control shall be recorded into the profits and losses of the current period.
Where the subsidiary equity investment is disposed of step by step through multiple transactions until the loss of
control is a package transaction, each transaction is treated as a transaction that disposes of the subsidiary equity
investment and loses control. If it is not a package transaction, each transaction shall be treated separately.
19. Investment properties
Measurement mode
Measured by cost method
Depreciation or amortization method
The investment properties refer to the properties held for earning rentals or/and capital appreciation, including
leased land use right, land use right held for transfer upon appreciation, and leased building (including self-built
buildings or buildings developed for renting or buildings under construction or development for future renting).
The subsequent expenditure related to investment real estate is included in the cost of investment real estate when
the relevant economic benefits are likely to flow in and its cost can be reliably measured; otherwise, it is recorded
into the profits and losses of the current period when it occurs
The Company measures the existing investment properties by using the cost model. For investment property
measured by using the cost model, the buildings for lease shall be depreciated by using policies the same as used
for fixed assets of the Company, and the land use rights for lease shall be amortized by using the same policies as
applicable to intangible assets.
20. Fixed assets
20.1 Recognition criteria
Fixed assets refer to tangible assets held for the purpose of producing commodities, providing services, renting or
business management with useful lives exceeding one year. Fixed assets are recognized when they simultaneously
meet the following conditions:
(1) It is probable that the economic benefits relating to the fixed assets will flow into the Company; and
(2) The costs of the fixed assets can be measured reliably.
Fixed assets are initially measured at cost, taking into account the impact of expected disposal costs.
Subsequent expenditures related to fixed assets are included in the cost of fixed assets when the economic benefits
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associated with them are likely to flow in and their costs can be reliably measured; for the replaced part, the book
value is terminated;
All other subsequent expenditures are recorded at the time of occurrence into the current profit or loss
20.2Depreciation method
Yearly depreciation
Asset type Depreciation method Year for depreciation Residual value rate
rate
Buildings and
Straight-line method 20-40 years 5% 4.75%-2.37%
constructions
Straight-line method 8-20 years 5% 11.87%-4.75
Machinery equipment
Electronic
entertainment Straight-line method 5-16 years 5% 19%-5.93%
equipment
Transportation
Straight-line method 7-12 years 5% 13.57%-7.91%
equipment
Other equipment Straight-line method 8 years 5% 11.87%
Depreciation of fixed assets is classified by the method of average life, and the depreciation rate is determined
according to the category of fixed assets, the expected useful life and the estimated net residual value rate.For the
fixed assets with impairment provisions, the depreciation amount shall be determined in the future period
according to the book value after deducting the impairment preparation and according to the useful life.If the
service life of each component of fixed assets is different or the economic benefits are provided to the enterprise
in different ways, different depreciation rates or depreciation methods are selected to calculate depreciation
separately.
The fixed assets leased by financial lease adopt depreciation policy consistent with their own fixed assets.If it can
reasonably determine that ownership of the leased assets will be acquired at the expiration of the lease term,
depreciation shall be calculated within the useful life of the leased assets; if it is impossible to reasonably
determine the ownership of the leased assets at the expiration of the lease term, Depreciation is calculated within a
shorter period of the lease term and the useful life of the leased assets.
20.3Identification basis, valuation method and depreciation of the financing leased fixed assets
If any of the following conditions is stipulated in the terms of the lease agreement signed between the company
and the lessee, it shall be recognized as the financing leased assets:
1) After the expire of the lease term, the ownership of the leased assets shall be vested in the company;
2) The company has an option to purchase the asset, the purchase price is far less than the fair value of the asset
when the option is exercised;
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3) The leasing term is the majority of the life of the leased asset;
4) The present value of the minimum lease payment on the beginning of the lease does not have many differences
from the fair value of the asset;
5) The leased assets are of a special nature and can only be used by the lessee if they are not substantially
modified
On the starting date of the lease, the company takes the lower between the fair value of the leased asset and the
present value of the minimum lease payment as the book value of the leased asset, and the minimum lease
payment as the book value of the long-term payable, and the difference between the fair value of the leased asset
and the present value of the minimum lease payment as the unrecognized financing fee.
21. Construction in progress
The book-entry values of the fixed assets are stated at total expenditures incurred before reaching working
condition for their intended use. Where a construction in progress reaches the working condition for its intended
use but the final account for completion is not made yet, it shall be transferred into fixed assets from the date
when it reaches the working condition for intended use at the estimated value according to the project budget,
construction price or actual cost, and the depreciation of the said fixed assets shall be accrued according to the
Company's depreciation policies applicable to fixed assets. After the final account for completed project is done,
the Company adjusts the original estimated value of the fixed asset in accordance with the actual cost, but does
not adjust the provision for such depreciation that had been accrued.
22. Borrowing costs
22.1Recognition principles of capitalization of borrowing costs
The borrowing costs incurred to the Company and directly attributable to the acquisition and construction or
production of assets eligible for capitalization should be capitalized and recorded into relevant asset costs; other
borrowing costs should be recognized as costs according to the amount incurred and be included into current
profit and loss.
Assets meeting the capitalization requirements refer to fixed assets, investment properties and inventories, etc.
that need to be purchased, constructed or produced for a long time to be available for intended use or sale.
22.2Capitalization period of borrowing costs
Capitalization period refers to the period from the beginning of capitalization to the cease of capitalization,
excluding the period of capitalization suspension of borrowing costs.
Borrowing costs may be capitalized only when all the following conditions are met:
1) Asset disbursements, which include those incurred by cash payment, the transfer of non-cash assets or the
undertaking of interest-bearing debts for acquiring and constructing or producing assets eligible for capitalization,
have already been incurred;
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2) Borrowing costs have already been incurred; and
3) The acquisition and construction or production activities which are necessary to prepare the assets for their
intended use or sale have already been started.
Capitalization of borrowing costs should cease when the acquired and constructed or produced assets eligible for
capitalization have reached the working condition for their intended use or sale.
22.3Period of capitalization suspension
If the acquisition, construction or production activities of assets eligible for capitalization are abnormally
interrupted and such condition lasts for more than three months, the capitalization of borrowing costs should be
suspended; if the interruption is necessary procedures for the acquired, constructed or produced assets eligible for
capitalization to reach the working conditions for their intended use or sale, the borrowing costs continue to be
capitalized. Borrowing costs incurred during the interruption are recognized as the current profit or loss and
continue to be capitalized until the acquisition, construction or production of the assets restarts.
22.4Calculation method of capitalization amount of borrowing costs
For special loans borrowed for the purchase or production of assets that meet the capitalization conditions, the
borrowing costs actually incurred in the current period shall be specially borrowed, less the amount of interest
income earned by the unused loan funds deposited in the bank or investment income obtained by temporary
investment to determine the capitalized amount of the borrowing costs.
For a general loan occupied for the purchase or production of assets that meet the capitalization conditions, the
amount of borrowing expenses to be capitalized shall be calculated according to the weighted average of the
cumulative asset expenditure exceeding the part of the special loan multiplied by the capitalization rate of the
general loan occupied. The capitalization rate is determined by the weighted average real interest rate of the
general loan.
During the capitalization period, the exchange difference between the principal and interest of the foreign
currency special loan shall be capitalized and included in the cost of the assets eligible for capitalization. The
exchange difference between the principal and interest of foreign currency loans other than foreign currency
special loans is recorded into the current profit and loss.
23. Intangible assets
23.1 Measurement method, useful lives and impairment testing
1) Measurement of intangible assets
The Company initially measures intangible assets at cost on acquisition:
The costs of externally purchased intangible assets include purchase prices, relevant taxes and surcharges and
other directly attributable expenditures incurred to prepare the assets for their intended uses.
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海南大东海旅游中心股份有限公司 2021 年半年度财务报告
2)Estimate of the useful life of the intangible assets with definite useful lives
Item
Estimated useful life Amortization method Basis
Land use right 50 years Straight-line amortization method Useful life prescribed in the Certificate of Land Use Right
3) Determination basis of intangible assets with indefinite useful lives
The useful lives of the intangible assets are analyzed and determined on acquisition.
Intangible assets with definite useful lives shall be amortized within the period when the intangible assets generate
economic benefits for the Company; if the said period cannot be forecast, the intangible assets shall be deemed as
those with indefinite useful lives and shall not be amortized.
As at the balance sheet date, the Company had no intangible assets with indefinite useful life.
24. Long-term assets impairment
Long-term equity investment, investment real estate measured by cost model, fixed assets, construction projects in
progress, intangible assets with limited useful life, oil and gas assets and other long-term assets, if there are signs
of impairment on the balance sheet date, carry out impairment tests. If the impairment test results show that the
recoverable amount of the asset is lower than its book value, the impairment provision shall be made according to
its difference and included in the impairment loss. The recoverable amount is the higher between the fair value of
the asset minus the disposal cost and the present value of the expected future cash flow of the asset. The asset
impairment provision is calculated and confirmed on the basis of a single asset. If it is difficult to estimate the
recoverable amount of a single asset, the recoverable amount of the asset group is determined by the asset group
to which the asset belongs. The asset group is the smallest portfolio that can independently generate cash inflows.
For the goodwill formed by the merger of the enterprise, the intangible assets with uncertain service life, and the
intangible assets that have not reached the usable state, whether or not there are signs of impairment, at least at the
end of each year, the impairment test is carried out.
The Company conducts a goodwill impairment test, and the carrying value of the goodwill formed by the business
merger shall be allocated to the relevant asset groups in a reasonable manner from the date of purchase; If it is
difficult to apportion to the relevant asset group, it shall be apportioned to the relevant asset group combination.
The relevant asset group or combination of asset groups is the asset group or combination of asset groups that can
benefit from the synergies of the enterprise merger.
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海南大东海旅游中心股份有限公司 2021 年半年度财务报告
Goodwill in the relevant asset groups or combination of group assets impairment tests, such as the asset group or
combination of group assets related to goodwill there are signs of impairment, the first does not include the
goodwill of the asset group or combination of group assets impairment test, calculation of recoverable amount,
and compared with the related book value, confirm the corresponding impairment loss. And goodwill of the asset
group or combination of group assets impairment test, comparing its book value and recoverable amount, such as
the recoverable amount is lower than the book value, the amount of impairment loss first deduction allocation to
the asset group or combination of group assets in the book value of the goodwill, according to the asset group or
combination of group assets all assets except goodwill in the book value of the proportion, the book value of the
assets in proportion to offset each other. Once the above assets impairment loss is recognized, it will not be carried
back in future accounting periods.
25.Long-term deferred expenses
Long-term deferred expenses refer to various expenses which have been already incurred but will be borne in the
reporting period and in the future with an amortization period of over one year.
25.1 Amortization method
Long-term deferred expenses are amortized evenly over the beneficial period.
25.2 Amortization years
Item Amortization years
4years
Hotel exterior decoration
4years
Fire stairs renovation
5years
Renovation of guest rooms in Building C, Decoration and renovation of Building A
5years
B Building Renovation Project
5years
Landscape reconstruction
5years
Staff quarters renovation
5years
Villa renovation
5years
Swimming pool renovation, Pavement modification projects
5years
Roof waterproofing projects
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26. Contract liability
The Company lists contract assets or contractual liabilities in the balance sheet according to the relationship
between performance obligations and customer payments. The Company’s obligations to transfer goods or
provide services to customers that have received or receivable customer consideration are listed as contractual
liabilities. Contract assets and contractual liabilities under the same contract are shown in net terms.
Note: describe the method of recognition of contract liability
27.Employee compensation
27.1 Short-term compensation
During the accounting period in which employees provide service to the Company, the short-term remuneration
actually incurred is recognized as liabilities and included into the current profit or loss or the assets-related cost.
The social insurance premium and the housing provident fund paid by the Company for its employees, together
with the labor union expenditures and employee education drew as required are used to calculate and determine
the relevant employee compensation amount based on the prescribed accrual basis and accrual proportion during
the accounting period in which the employees provide services to the Company.
The employee welfare expenses incurred by the Company shall be recorded into the current profit or loss or
related asset cost according to the actual amount incurred at the time of actual occurrence, in which the
non-monetary benefits shall be measured at fair value.
27.2Dismissal welfare
1) Defined contribution plans
The Company shall pay basic old-age insurance and unemployment insurance for its employees in accordance
with the relevant regulations of the local government. During the accounting period in which the employees
provide services to the Company, the amount to be paid shall be calculated on the basis and proportion of the local
regulations. In addition, the Company also participated in the enterprise annuity plan / supplementary pension
insurance fund approved by the relevant state departments. The Company pays to the annuity plan / local social
insurance institution according to a certain proportion of the total salary of the staff and workers, and the
corresponding expenses are included in the current profit or loss or the related asset cost.
2) Defined benefit plans
According to the formula determined by the law of expected accumulative welfare units, the company will
attribute the welfare obligations generated by the established benefit plan to the period during which the employee
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provides services, and record them into the current profit and loss or the cost of related assets.
The deficit or surplus resulting from the present value of the defined benefit plan obligations minus the fair value
of the defined benefit plan assets is recognized as the net liability or net asset of a defined benefit plan. If there is a
surplus in the defined benefit plan, the company shall measure the net assets of the defined benefit plan by the
lower of the surplus and the asset ceiling.
All defined benefit plan obligations, including those expected to be paid within 12 months of the end of the
employee's annual reporting period for the provision of services, are discounted by the market rate of return on
Treasury bonds or high-quality corporate bonds in the active market that matches the duration and currency of the
defined benefit plan obligations on the balance sheet date.
The service costs incurred by the defined benefit plan and the net interest on the net liabilities or net assets of the
defined benefit plan are recorded in the current profits and losses or the costs of related assets. The changes
caused by the net liabilities or net assets of the defined benefit plan shall be accounted for in other comprehensive
income, and shall not be transferred back to the profits and losses in the subsequent accounting period. Upon the
termination of the original defined benefit plan, all the parts previously accounted for in other comprehensive
income shall be carried forward to the undistributed profit within the scope of equity.
When establishing the settlement of the benefit plan, the difference between the present value of the obligation of
the established benefit plan and the settlement price determined on the settlement date shall be used to confirm the
settlement gains or losses.
27.3Post-employment benefits
If the Company provides dismissal benefits to employees, the employee's salary liabilities arising from the
dismissal benefits shall be recognized at an early date, and shall be included in the profits and losses of the current
period. When the Company cannot unilaterally withdraw the dismissal benefits provided by the termination of the
labor relations plan or the reduction proposal; When the company recognizes the costs or expenses associated with
the reorganization involving the payment of dismissal benefits.
27.4 Accounting method for other long-term employee welfare
28.Estimated liabilities
When the Company involves in proceedings, debt guarantees, onerous contracts and reorganization events, if such
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海南大东海旅游中心股份有限公司 2021 年半年度财务报告
events may require delivery of assets or rendering of services in the future and the amounts of such events can be
reliably measured, such events are recognized as estimated liabilities.
28.1 Recognition criteria of estimated liabilities
When an obligation relating to a contingency meets all the following conditions at the same time, it is recognized
as an estimated liability:
1) Such obligation is a present obligation of the Company;
2) The performance of this obligation may very probably lead to the flow of economic interests out of the
Company; and
3) The amount of the obligation can be measured reliably.
28.2Measurement method of estimated liabilities
Estimated liabilities of the Company are initially measured as the best estimate of expenses required for the
performance of the relevant present obligations.
When determining the best estimates, the Company comprehensively considers the risks, uncertainties, time value
of money, and other factors relating to the contingencies. If the time value of money is significant, the best
estimates will be determined after discount of relevant future cash outflows.
The best estimates shall be treated as follows in different circumstances:
If there is continuous range (or interval) for the necessary expenses, and probabilities of occurrence of all the
outcomes within this range are equal, the best estimate should be determined at the average amount of upper and
lower limits within the range.
If there is no continuous range (or interval) for the necessary expenses, or probabilities of occurrence of all the
outcomes within this range are unequal although such a range exists, in case that the contingency involves a single
item, the best estimate shall be determined at the most likely outcome; if the contingency involves two or more
items, the best estimates should be determined according to all the possible outcomes with their relevant
probabilities.
When all or part of the expenses necessary for the settlement of estimated liabilities of the Company are expected
to be compensated by a third party, the compensation shall be separately recognized as an asset only when it is
virtually certain to be received. The compensation recognized shall not exceed the book value of the estimated
liabilities.
29. Revenue
29.1Accounting policies used for revenue recognition and measurement
The Company has fulfilled its performance obligation in the contract, that is, to recognize revenue when the
customer acquires control of the relevant goods or services. Access to control of related goods or services means
that it can dominate the use of the goods or services and obtain almost all the economic benefits from them.
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海南大东海旅游中心股份有限公司 2021 年半年度财务报告
If the contract contains two or more performance obligations, the Company shall, on the commencement date of
the contract, apportion the transaction price to each individual performance obligation in accordance with the
relative proportion of the individual selling price of the goods or services promised by each individual
performance obligation. The Company measures its income according to the transaction price apportioned to each
individual performance obligation.
Transaction price refers to the amount of consideration that the company is expected to be entitled to receive for
the transfer of goods or services to customers, excluding the amount collected on behalf of third parties and the
amount expected to be returned to customers. The Company according to the terms of the contract, combined with
its previous practice to determine the transaction price, and in determining the transaction price, consider the
variable consideration, the major financing components existing in the contract, non-cash consideration, payable
customer consideration and other factors. The Company shall determine the transaction price containing variable
consideration at a amount not exceeding the amount of the cumulative recognized income most likely not to be
significantly reversed when the relevant uncertainty is eliminated. If there is a significant financing component in
the contract, the Company shall determine the transaction price in accordance with the amount payable in cash
upon the assumption that the customer acquires control of the goods or services, the difference between the
transaction price and the contract consideration shall be amortized by the real interest rate method during the
contract period.
If one of the following conditions is met, the performance obligation shall be fulfilled within a certain period of
time; otherwise, the performance obligation shall be fulfilled at a certain time:
The customer acquires and consumes the economic benefits of the Company's performance at the same
time.
The customer can control the goods under construction during the performance of the Company.
The goods produced in the course of the Company's performance have irreplaceable uses, and the
Company has the right to collect money for the cumulative performance portion completed so far throughout the
contract period.
For performance obligations performed within a certain period of time, the Company shall recognize the income
according to the performance schedule within that period, except where the performance schedule cannot be
reasonably determined. The Company considers the nature of goods or services, using the output method or input
method to determine the progress of performance. When the performance schedule cannot be reasonably
determined, the cost that has been incurred is expected to be compensated, and the company recognizes the
income according to the cost amount that has been incurred until the performance schedule can be reasonably
determined.
For performance obligations at a certain point, the Company recognizes revenue at the time when the customer
acquires control of the relevant goods or services. In determining whether the customer has obtained control over
the goods or services, the Company considers the following signs:
The Company has the right to collect the goods or services, that is, the customer has the current obligation
to pay for the goods or services.
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海南大东海旅游中心股份有限公司 2021 年半年度财务报告
The Company has transferred the legal ownership of the goods to the customer, that is, the customer has
the legal ownership of the goods.
The Company has transferred the goods to customers, that is, customers have physical possession of the
goods.
The Company has transferred the main risk and reward in the ownership of the commodity to the customer,
that is, the customer has obtained the main risk and reward in the ownership of the commodity.
The customer has accepted the goods or services, etc.
29.2 Specific principles for revenue recognition
Hotel business revenue sources include guest rooms, catering, merchandise sales, entertainment services and so on.
Revenue from guest rooms, catering and entertainment services is recognized at the end of the service, and
revenue from the sale of goods is recognized as revenue when the control of the goods is transferred to the
customer, that is, when the goods are delivered to the customer and there is no non-performance obligation
affecting the customer's receipt of the goods.
29.3Accounting policies used in revenue recognition and measurement
The Company recognizes revenue when it has fulfilled its performance obligations under the contract, that is,
when the customer acquires control of the relevant goods or services. To acquire control of the relevant goods or
services means to be able to dominate the use of the goods or services and gain almost all the economic benefits.
If the contract contains two or more performance obligations, the Company shall, on the commencement date of
the contract, apportion the transaction price to each performance obligation in accordance with the relative
proportion of the individual selling price of the goods or services promised in each performance obligation. The
Company shall measure its income according to the transaction price apportioned to each individual performance
obligation.
Transaction price means the amount of consideration that the Company expects to be entitled to receive in
connection with the transfer of goods or services to the customer, excluding amounts received on behalf of third
parties and amounts expected to be refunded to the customer. The Company determines the transaction price in
accordance with the terms of the contract and in conjunction with its previous practices, and takes into account the
influence of variable consideration, significant financing elements existing in the contract, non-cash consideration,
customer consideration payable and other factors in determining the transaction price. The Company determines
the transaction price with variable consideration at an amount not exceeding the amount by which the cumulative
recognized revenue is highly unlikely to be materially reversed when the relevant uncertainty is eliminated. If
there is a significant financing component in the contract, the Company shall determine the transaction price on
the basis of the amount payable in cash that is assumed to be paid by the customer upon acquisition of control of
the goods or services, and shall amortize the difference between the transaction price and the contract
consideration by using the effective interest rate during the contract period.
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海南大东海旅游中心股份有限公司 2021 年半年度财务报告
If one of the following conditions is met, the performance obligation shall be fulfilled within a certain period of
time; otherwise, the performance obligation shall be fulfilled at a certain point in time:
The customer obtains and consumes the economic benefits brought by the Company's performance of the
contract while the Company performs the contract.
The customer can control the goods under construction in the process of the Company's performance.
The products produced by the Company during the performance of the contract have irreplaceable uses, and the
Company has the right to receive payment for the cumulative part of the performance completed so far throughout
the contract period.
For performance obligations performed within a certain period of time, the Company shall recognize revenue in
accordance with the performance progress within that period, except where the performance progress cannot be
reasonably determined. The Company considers the nature of goods or services, and adopts the output method or
the input method to determine the performance progress. When the performance progress cannot be reasonably
determined and the cost already incurred is expected to be compensated, the Company shall recognize revenue
according to the amount of cost already incurred until the performance progress can be reasonably determined.
For performance obligations performed at a certain point in time, the Company recognizes revenue at the
time-point when the customer takes control of the relevant goods or services. When determining whether the
customer has acquired control of the goods or services, the Company considers the following indications:
The Company has current rights to collect payments in respect of the goods or services, i.e. the customer has
current payment obligations in respect of the goods or services.
The Company has transferred legal ownership of the goods to the customer, that is, the customer has legal
ownership of the goods.
The Company has transferred the physical goods to the customer, that is, the customer is in possession of the
physical goods.
The Company has transferred the main risks and rewards of ownership of the goods to the customer, i.e. the
customer has acquired the main risks and rewards of ownership of the goods.
The customer has accepted the goods or services, etc.
29.4 Specific principle of revenue recognition
Hotel business revenue sources include guest rooms, food and beverage, commodity sales, entertainment services,
etc. The revenue of guest room, food and beverage, and entertainment services shall be recognized at the end of
service provision, and the revenue from sales of goods shall be recognized as revenue when the control of goods is
transferred to the customer, that is, when the goods are delivered to the customer without any non-performance
obligations affecting the customer's receipt of goods, the revenue shall be recognized.
Similar business adopting different business models leads to differences in revenue recognition and accounting
policies
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海南大东海旅游中心股份有限公司 2021 年半年度财务报告
30. Government subsidy
Income tax includes current income tax and deferred income tax. In addition to the income tax arising from the
merger of the enterprise and the transactions or events directly included in the owner's equity (including other
comprehensive income), the company shall include the current income tax and deferred income tax into the profits
and losses of the current period.
Deferred income tax assets and deferred income tax liabilities are recognized on the basis of the difference
(temporary difference) between the tax basis of assets and liabilities and their book value.
For deductible temporary difference recognition deferred income tax assets, the amount of taxable income that is
likely to be obtained in future periods to offset deductible temporary differences is limited. For deductible losses
and tax credits that can be carried forward for subsequent years, the corresponding deferred income tax assets are
recognized to the extent that the future taxable income that is likely to be used to offset deductible losses and tax
credits is obtained.
For taxable temporary differences, deferred income tax liabilities are recognized except in special cases.
Special cases where deferred income tax assets or deferred income tax liabilities are not recognized include:
Initial recognition of goodwill;
A transaction or event that is neither a merger of an enterprise nor an event that affects the accounting profit
or taxable income (or deductible loss) at the time of its occurrence.
The deferred income tax liability is recognized for taxable temporary differences related to the investment of
subsidiaries, associated enterprises and joint ventures unless the Company can control the time when the
temporary difference is reversed and the temporary difference is likely not to be reversed in the foreseeable future.
Deferred income tax assets are recognized for deductible temporary differences related to the investment of
subsidiaries, associated enterprises and joint ventures when the temporary differences are likely to be reversed in
the foreseeable future and are likely to receive taxable income in the future to offset deductible temporary
differences.
On the balance sheet date, for deferred income tax assets and deferred income tax liabilities, according to the
provisions of the tax law, according to the expected recovery of related assets or liquidation of related liabilities
during the applicable tax rate measurement.
On the balance sheet date, the company reviews the book value of deferred income tax assets. If the future period
is likely to be unable to obtain sufficient taxable income to offset the benefits of deferred income tax assets, the
book value of deferred income tax assets is written down. Where sufficient taxable income is likely to be obtained,
the amount of the write-down is reversed.
The current income tax assets and the current income tax liabilities are reported as net offset when they have the
statutory right to settle on a net basis and are intended to settle on a net basis or to obtain assets and liabilities at
the same time.
On the balance sheet date, deferred income tax assets and deferred income tax liabilities are shown as net offsets
when the following conditions are met:
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海南大东海旅游中心股份有限公司 2021 年半年度财务报告
The tax payer has the legal right to settle current income tax assets and current income tax liabilities by net;
Deferred income tax assets and deferred income tax liabilities are related to the income tax levied by the
same tax collection and management department on the same tax payer or to different tax payer, but in each future
period of transfer of important deferred income tax assets and liabilities, The tax payer intends to net settle current
income tax assets and liabilities or obtain assets and liabilities at the same time.
31.Lease
31.1Accounting treatment of operating lease
1) The rental fees paid for the asset leased by the Company will be amortized over the entire lease term without
deducting rent-free period according to the straight-line method and included in the expenses for the current
period. The initial direct costs related to the lease transactions paid by the Company are included in the current
expenses.
When assets lessor bears costs related to the lease borne by the Company, the Company shall deduct the part of
expenses from the total rents and amortize the rents after deduction over the lease term and include them in
current expenses.
2)Lease fees received by the Company from leasing assets shall be amortized at straight-line method over the
whole lease period including rent-free period, and shall be recognized as lease income. Initial direct costs relating
to lease transactions incurred by the Company shall be recognized as the current expenses; if the amounts are
significant, they shall be capitalized and included in the current income on the same basis as the recognition of
lease income.
When the Company bears costs related to the lease borne by the leasee, the Company shall deduct the part of
expenses from the total rents and amortize the rents after deduction over the lease term.
31.2 Accounting treatment of finance lease
1) Financial leased assets: on the start date of leasing, the Company takes the lower of the fair value of the leased
assets and the present value of the minimum lease payment as the book value of the leased assets, takes the
minimum lease payment as the book value of the long-term payable, and the difference as the unrecognized
financing expenses. The Company adopts the effective interest rate method to amortize the unrecognized
financing expenses during the lease period and record them into financial expenses. The initial direct expenses
incurred by the Company shall be included in the value of the leased assets.
2) Financial leasing assets: the Company shall, at the beginning of the lease, recognize the difference between the
sum of the receivable financial leasing payments, the unsecured residual value and its present value as unrealized
financing income, which shall be recognized as lease income within the period of receiving the rent in the future.
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海南大东海旅游中心股份有限公司 2021 年半年度财务报告
The initial direct expenses incurred by the company in connection with the lease transaction shall be included in
the initial measurement of the finance lease receivable and shall reduce the amount of income recognized during
the lease term.
32.Changes in significant accounting policies and accounting estimates
There are no significant changes in accounting policies and accounting estimates
V. Taxation
1. Major tax types and tax rates applicable to the Company
Taxes Basis for tax assessment Tax rate
Output VAT is calculated based on taxable sales revenue and service
revenue calculated in accordance with tax laws and VAT payable or 5%, 6%, 9%,
Value added tax (VAT)
13%
taxable sales revenue shall be the difference after deducting the input
VAT deductible in the same period
Consumption tax
Urban maintenance and construction tax Levied based on VAT payable 7%
Enterprise income tax Levied based on the taxable income 25%, 20%
Education surtax Levied based on VAT payable 3%
Local education surtax Levied based on VAT payable 2%
Remaining value after deducting 30% from the original value of the
Housing property tax 1.2%, 12%
house (including the occupied land price), and rent revenue
2. Tax preference
1) According to Announcement of the Ministry of Finance of Taxation Administration No. 8, 2020
"Announcement of Tax Policies on Supporting the Prevention and Control of COVID-19 Infected Pneumonia
Epidemic", from January 1, 2020, taxpayers will be exempted from value-added tax on income derived from the
provision of public transportation, living services, and the express delivery service of essential living materials for
residents.
2) According to the Notice on Implementing the Preferential Tax Reduction Policy for Small and Micro-sized
Enterprises (Caishui [2019] No. 13) issued by the Ministry of Finance and the State Administration of Taxation,
small-scale taxpayers of value-added tax can reduce resource tax, urban maintenance and construction tax, real
estate tax, urban land use tax, etc. within 50% of the tax rate. The company's real estate tax and urban land use tax
are levied by half. For small and low-profit enterprises whose annual taxable income does not exceed 1 million
yuan, a 25% reduction will be included in the taxable income, and the corporate income tax will be paid at a tax
53
海南大东海旅游中心股份有限公司 2021 年半年度财务报告
rate of 20%,the subsidiary of the Company, Wengao Tourism, is a small and low-profit enterprise, enjoying the
preferential income tax policy of reducing the taxable income amount by 25% and paying the enterprise income
tax at the tax rate of 20%.
VI. Notes to the main items of the financial statements
1. Monetary funds
In RMB
Item Ending balance Beginning balance
Cash on hand 151,571.07 179,111.10
Bank deposits 3,089,049.44 2,745,348.65
Other monetary fund
Total 3,240,620.51 2,924,459.75
Other explanation
2. Accounts receivable
(1) Disclosure of account receivables by category
In RMB
Ending balance Beginning balance
Provision for bad Provision for bad
Book balance Book balance
Category debt Book debt Book
Amoun Proport Amoun Provision value Amou Proport Amoun Provision value
t ion t ratio nt ion t ratio
Accounts
receivable with
251,73 100.00 162,70 89,03 592,0 100.00 162,70 429,3
provision for bad 64.63% 27.48%
debts based on 5.65 % 5.01 0.64 08.33 % 5.01 03.32
portfolios
251,73 100.00 162,70 89,03 592,0 100.00 162,70 429,3
Total 64.63% 27.48%
5.65 % 5.01 0.64 08.33 % 5.01 03.32
Released by account age
In RMB
Account age Book balance
Within 1 year (inclusive) 139,574.85
1-2 years 19,092.00
2-3 years 2,259.00
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海南大东海旅游中心股份有限公司 2021 年半年度财务报告
Over 3 years 90,809.80
3-4 years 566.00
4-5 years 785.00
Over 5 years 89,458.80
Total 251,735.65
(2) Provision, reversal or recovery of provision for bad debts in the period
Provision for bad debt in the period
In RMB
Amount changed in the period
Beginning
Category Reversal or Ending balance
balance Accrual Charge off Other
switch-back
Account
162,705.01 162,705.01
receivable
Total 162,705.01 162,705.01
(3)Top five accounts receivable in terms of ending balance collected by the debtor
In RMB
Ending balance of Proportion in the total accounts Ending balance of the
Name of entity
account receivable receivable at period-end bad debt provision
Shanghai Hecheng International
92,811.11 36.87% 13,203.33
Travel Service Co., Ltd.
Guangzhou Design Institute 38,980.00 15.48% 38,980.00
Yangpu Huayu Road & Bridge
18,633.00 7.40% 18,633.00
Technology Co., Ltd.
China International Travel Service
13,540.20 5.38% 13,540.20
(Beijing)
Sanya Baishun International Travel
11,500.00 4.57% 11,500.00
Service Co., Ltd.
3. Other receivable
In RMB
Item Ending balance Beginning balance
Interest receivable
Dividend receivable
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海南大东海旅游中心股份有限公司 2021 年半年度财务报告
Other receivable 522,032.39 432,560.55
Total 522,032.39 432,560.55
Other account receivables
1) Other account receivable disclosed by nature
In RMB
Nature Ending book balance Opening book balance
Utility bills 167,719.86 189,577.27
Margin 156,500.00 156,500.00
Social insurance and housing provident funds 59,657.19 59,657.19
Petty cash 178,141.93 56,812.68
Elevator installation fee 10,000.00
Deposit 600.00 600.00
Total 562,618.98 473,147.14
2) Provision for bad debt:
In RMB
First stage Second stage Third stage
Expected credit loss for Expected credit loss for the
Provision for bad debt Expected credit loss Total
the whole duration (no whole duration (credit
in next 12 months
credit impairment) impairment has occurred)
Balance as at 1 Jan. 2021 40,586.59 40,586.59
Balance as at January 1. 2021
—— —— —— ——
in current period
--Transfer in second stage
--Transfer in third stage
--Reverse to second stage
--Reverse to first stage
Accrual in the Period
Reverse in the Period
Charge off in the Period
Write-off in the Period
Other changes
Balance as at 30 June 2021 40,586.59 40,586.59
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海南大东海旅游中心股份有限公司 2021 年半年度财务报告
Released by account age
In RMB
Account age Book balance
Within 1 year (inclusive) 444,074.24
1-2 years 26,836.90
2-3 years
Over 3 years 2,236.00
3-4 years
4-5 years
Over 5 years 2,236.00
Total 473,147.14
3) Provision, reversal or recovery of provision for bad debts in the period
Provision for bad debt in the period
In RMB
Amount changed in the period
Beginning
Category Reversal or Ending balance
balance Accrual Write-off Other
switch-back
Other receivables 40,586.59 40,586.59
Total 40,586.59 40,586.59
4) Top five other accounts receivable in terms of ending balance collected by the debtor
In RMB
Ending balance of
Ending Account Proportion in total amount of other
Name of entity Nature the bad debt
balance age accounts receivable at period-end
provision
Labor Security
Within 1
Supervision Margin 156,500.00 27.82% 7,825.00
year
Detachment of Sanya
Hainan Zhongzhida Application Within 1
60,000.00 10.66%
Technology Co., Ltd. fee year
Personal social Advance Within 1
49,471.81 8.79% 2,366.36
insurance premium payment year
Within 1
Ding Qin Petty cash 49,526.97 8.80%
year
Fresh shower room Utility bills 25,993.04 Within 1 4.62%
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海南大东海旅游中心股份有限公司 2021 年半年度财务报告
year
Total -- 341,491.82 -- 60.70% 10,191.36
4. Inventories
(1) Classification of inventories
In RMB
Ending balance Beginning balance
Provision for Provision for
inventory inventory
depreciation or depreciation or
Item provision for provision for
Book balance Book value Book balance Book value
impairment of impairment of
contract contract
performance performance
costs costs
Raw materials 443,425.35 310,260.94 133,164.41 479,614.80 310,260.94 169,353.86
Commodity
22,771.38 11,102.41 11,668.97 22,771.38 11,102.41 11,668.97
stocks
Food materials
53,784.97 53,784.97 1,803,651.50 1,803,651.50
and beverages
Fuel 22,856.65 22,856.65 25,254.50 25,254.50
Total 542,838.35 321,363.35 221,475.00 2,331,292.18 321,363.35 2,009,928.83
(2) Provision for inventory depreciation or provision for impairment of contract performance costs
In RMB
Current increase Current decrease
Beginning
Item Reversal or Ending balance
balance Accrual Other Other
write-off
Raw materials 310,260.94 310,260.94
Commodity
11,102.41 11,102.41
stocks
Total 321,363.35 321,363.35
5. Other current assets
In RMB
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海南大东海旅游中心股份有限公司 2021 年半年度财务报告
Item Ending balance Beginning balance
VAT input tax to be deducted 1,674,996.28 2,219,513.16
Prepaid enterprise income tax 1,702,702.80 1,702,702.80
Prepaid individual income tax 2,517.22
Prepayments 69,292.46 52,719.06
Total 3,446,991.54 3,977,452.24
6. Investment properties
Investment properties measured at cost
In RMB
Buildings and Construction in
Item Land use rights Total
constructions process
I. Original book value
1.Beginning balance 18,856,504.44 5,662,740.59 24,519,245.03 18,856,504.44
2.Current increase
3.Current decrease
4.Ending balance 18,856,504.44 5,662,740.59 24,519,245.03 18,856,504.44
II. Accumulated depreciation and accumulated
amortization
1.Beginning balance 11,443,950.66 2,332,406.45 13,776,357.11 11,443,950.66
2.Current increase 209,091.78 28,170.00 237,261.78 209,091.78
(1)Provision or amortization 209,091.78 28,170.00 237,261.78 209,091.78
3.Current decrease
(1)Disposal
(2)Other transfer-out
4.Ending balance 11,653,042.44 2,360,576.45 14,013,618.89 11,653,042.44
III. Provision for impairment
1.Beginning balance 1,404,400.47 1,903,054.14 3,307,454.61 1,404,400.47
2.Current increase
3. Current decrease
4.Ending balance 1,404,400.47 1,903,054.14 3,307,454.61 1,404,400.47
IV. Book value
1.Ending book value 5,799,061.53 1,399,110.00 7,198,171.53 5,799,061.53
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海南大东海旅游中心股份有限公司 2021 年半年度财务报告
2.Opening book value 6,008,153.31 1,427,280.00 7,435,433.31 6,008,153.31
7. Fixed assets
In RMB
Item Ending balance Beginning balance
32,957,434.73 34,694,023.75
Fixed assets
Fixed assets liquidation
Total 32,957,434.73 34,694,023.75
Note: the “Fixed assets” above listed refers to the fixed assets after deducted the disposal of fixed assets
(1) Fixed assets
In RMB
Houses and Mechanical Transportatio Electronic Other
Item Total
buildings equipment n equipment equipment equipment
I. Original book value：
10,247,058.3
1.Beginning balance 136,789,501.82 1,742,065.57 1,823,519.07 4,070,039.35 154,672,184.11
0
2.Current increase 81,077.89 21,492.18 102,570.07
(1) Purchase 81,077.89 21,492.18 102,570.07
(2)Transfer from
construction in progress
(3)Increase from
business combinations
3.Current decrease
(1)Disposal or
write-off
10,247,058.3
4.Ending balance 136,789,501.82 1,742,065.57 1,904,596.96 4,091,531.53 154,774,754.18
0
II. Accumulated
amortization
1.Beginning balance 76,850,214.26 7,490,603.22 1,253,748.18 700,804.72 1,044,848.02 87,340,218.40
2.Current increase 1,087,717.44 181,084.50 44,478.60 162,057.39 363,821.16 1,839,159.09
(1) Provision 1,087,717.44 181,084.50 44,478.60 162,057.39 363,821.16 1,839,159.09
3.Current decrease
(1)Disposal or
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海南大东海旅游中心股份有限公司 2021 年半年度财务报告
write-off
4.Ending balance 77,937,931.70 7,671,687.72 1,298,226.78 862,862.11 1,408,669.18 89,179,377.49
III. Provision for
impairment
1.Beginning balance 31,072,788.17 1,565,153.79 32,637,941.96
2.Current increase
3.Current decrease
4.Ending balance 31,072,788.17 1,565,153.79 32,637,941.96
IV. Book value
1.Ending book value 27,778,781.95 1,010,216.79 443,838.79 1,041,734.85 2,682,862.35 32,957,434.73
2.Opening book value 28,866,499.39 1,191,301.29 488,317.39 1,122,714.35 3,025,191.33 34,694,023.75
Other notes
8. Intangible assets
(1) Intangible assets
In RMB
Item Land use rights Total
I. Original book value
1.Beginning balance 81,653,137.15 81,653,137.15
2.Current increase
3.Current decrease
4.Ending balance 81,653,137.15 81,653,137.15
II. Accumulated amortization
1.Beginning balance 33,631,825.59 33,631,825.59
2.Current increase 406,193.58 406,193.58
(1) Provision 406,193.58 406,193.58
3.Current decrease
4.Ending balance 34,038,019.17 34,038,019.17
III. Provision for impairment
1.Beginning balance 27,440,836.84 27,440,836.84
2.Current increase 27,440,836.84 27,440,836.84
3.Current decrease
4.Ending balance 20,174,281.14 20,174,281.14
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海南大东海旅游中心股份有限公司 2021 年半年度财务报告
IV. Book value 20,580,474.72 20,580,474.72
1.Ending book value
2.Opening book value 81,653,137.15 81,653,137.15
9. Long-term deferred expenses
In RMB
Amount of
Beginning Increase in Amortization
Item other Ending balance
balance period in period
decreases
14,149,911.76 -436,906.54 1,423,928.40 12,289,076.82
B building guest room renovation project
11,423.92 8,567.82 2,856.10
Building A Fire Stair Renovation Project
C building guest room, villa, swimming pool 1,054,763.10 301,360.80 753,402.30
renovation project
Villa reconstruction 7,160,831.38 934,021.50 6,226,809.88
345,134.02 45,017.46 300,116.56
Building A renovation project
296,073.35 37,009.20 259,064.15
Floor waterproofing renovation project
526,177.78 65,772.24 460,405.54
Staff dormitory renovation project
1,413,387.42 151,434.36 1,261,953.06
Landscape greening project
Villa renovation project 82,916.55 6,909.68 76,006.87
Total 24,957,702.73 -353,989.99 2,974,021.46 21,629,691.28
Other description
10. Accounts payable
Presentation of accounts payable
In RMB
Item Ending balance Beginning balance
783,286.87 586,111.30
Payment for purchase
124,838.48 72,669.88
Accounts payable provisionally estimated
96,314.30 134,562.18
Service charges
14,274.10 14,274.10
Payment for projects
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海南大东海旅游中心股份有限公司 2021 年半年度财务报告
1,093.00 1,093.00
Consignment sales
Total 1,019,806.75 808,710.46
11. Contractual liability
In RMB
Item Ending balance Beginning balance
Room and meal fees 875,822.38 626,285.33
Total 875,822.38 626,285.33
Amount and reasons for significant changes in book value during the reporting period
12. Employee compensation payable
(1) Presentation of employee compensation payable
In RMB
Beginning
Item Increase in Period Decrease in Period Ending balance
balance
I. Short-term compensation 2,595,861.40 5,412,829.05 5,550,647.47 2,458,042.98
II. Post-employment benefits -
506,732.61 506,732.61
defined contribution plans
3. Demission welfare
4. Other welfare due within one
year
Total 2,595,861.40 5,919,561.66 6,057,380.08 2,458,042.98
(2) Presentation of short-term compensation
In RMB
Beginning
Item Increase in Period Decrease in Period Ending balance
balance
1. Salaries, bonuses,
1,378,009.71 4,349,794.53 4,507,834.87 1,219,969.37
allowances and subsidies
2. Employee welfare expenses 613,909.60 613,909.60
3. Social insurance premiums 265,648.95 265,648.95
Including: medical insurance
261,044.24 261,044.24
premiums
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海南大东海旅游中心股份有限公司 2021 年半年度财务报告
Work-related injury insurance
4,604.71 4,604.71
premiums
99,126.00 99,126.00
4. Housing provident funds
5. Labor union expenditures
1,217,851.69 84,349.97 64,128.05 1,238,073.61
and employee education funds
6.Short-term paid absence
7.Short-term profit sharing plan
Total 2,595,861.40 5,412,829.05 5,550,647.47 2,458,042.98
(3) Presentation of defined contribution plans
In RMB
Item Beginning balance Increase in Period Decrease in Period Ending balance
1.Basic endowment
491,376.02 491,376.02
insurance premiums
2.Unemployment
15,356.59 15,356.59
insurance premiums
3.Enterprise annuity
payment
Total 506,732.61 506,732.61
Other notes
13. Taxes payable
In RMB
Item Ending balance Beginning balance
Consumption tax 135,982.62 146,530.24
Urban maintenance and construction tax 920.12 738.33
Individual income tax 57,506.87 44,362.22
Housing property tax 115,125.07 120,439.32
Land use tax 54,295.47 54,295.47
Educational surtax 395.71 316.43
Local education surtax 263.79 210.95
Total 364,489.65 366,892.96
Other note
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14. Other payable
In RMB
Item Ending balance Beginning balance
Interest payable
Dividend payable
Other payable 3,027,832.98 6,167,763.36
Total 3,027,832.98 6,167,763.36
Presentation of other payable by nature
In RMB
Item Ending balance Beginning balance
Engineering and quality retention money 1,455,676.92 4,433,900.06
Staff dormitory rental fees, etc. 1,013,939.39
Margin 609,107.57 295,089.81
39,807.45 142,856.24
On behalf of collection or payment
87,820.00 87,820.00
Employee deposits
Announcement fee 411,550.00 171,550.00
Other 423,871.04 22,607.86
Total 3,027,832.98 6,167,763.36
15. Non-current liability due within one year
In RMB
Item Ending balance Beginning balance
6,598,477.52
Long-term borrowing due within one year - principal
11,508.13 23,020.42
Long-term borrowing due within one year – accrual interest payable
Total 11,508.13 6,621,497.94
16. Other current liability
In RMB
Item Ending balance Beginning balance
52,549.34 37,577.12
Tax to be exported
Total 52,549.34 37,577.12
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海南大东海旅游中心股份有限公司 2021 年半年度财务报告
17. Long-term loans
(1) Long-term loan classification
In RMB
Item Ending balance Beginning balance
Mortgage loan 9,893,757.94 9,893,757.94
Total 9,893,757.94 9,893,757.94
Explanation of long-term loan classification:
Note: The mortgage loan of 9,893,757.94 yuan is the loan of the Company from the Haikou Branch of Industrial Bank Co., Ltd., the
term of which is from April 23, 2020 to April 9, 2023, and the mortgage guarantee is made on the property with the total area of
1,446.00 square meters under the Company's name and the assessed value of 39,263,245.00 yuan.
18. Estimated liabilities
In RMB
Item Ending balance Beginning balance Reasons
Provisions for arrears of electricity Make provisions for
1,489,685.04 1,489,685.04
tariffs
electricity bills
Total 1,489,685.04 1,489,685.04 --
19. Other non-current liability
In RMB
Item Ending balance Beginning balance
Projects paid over one year 1,914,592.66 1,914,592.66
Total 1,914,592.66 1,914,592.66
20. Share capital
In RMB
Changes in the period ("+" for increase and "-" for decrease)
Beginning Issuance Conversion
Share Ending balance
balance
of new of reserves Others Sub-total
donation
shares into share
Total shares 364,100,000.00 364,100,000.00
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海南大东海旅游中心股份有限公司 2021 年半年度财务报告
21. Capital reserves
In RMB
Item Beginning balance Increase in Period Decrease in Period Ending balance
Capital premium
33,336,215.58 33,336,215.58
(equity premium)
Other capital reserves 20,806,634.43 20,806,634.43
Total 54,142,850.01 54,142,850.01
Other description
22. Undistributed profit
In RMB
Item Current Period Last Period
Undistributed profit as at the end of the previous period before adjustment -351,324,135.02 -339,756,246.05
Total adjustment to undistributed profit as at the beginning of the period
("+" for increase and "-" for decrease)
Undistributed profit as at the beginning of the period after adjustment -351,324,135.02 -339,756,246.05
Plus: net profit attributable to owners of the parent company in the current
1,452,925.92 -6,631,450.42
period
Less: withdrawal legal surplus
Withdrawal other common accumulation fund
Withdrawal general risk provision 备
Common stock dividends payable
Dividends transferred to capital
Undistributed profit as at the end of the period -349,871,209.10 -346,387,696.47
23. Operating revenue and operating cost
In RMB
The period Last period
Item
Revenue Cost Revenue Cost
15,175,697.66 8,087,149.94 4,089,491.05 4,815,416.65
Primary business
3,904,081.75 1,972,936.47 892,380.95 237,261.78
Other business
Total 19,079,779.41 10,060,086.41 4,981,872.00 5,052,678.43
Revenue:
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海南大东海旅游中心股份有限公司 2021 年半年度财务报告
In RMB
Contract type 1# Division 2# Division Total
Product type 19,079,779.41 19,079,779.41
Including:
Room revenue 12,893,253.55 12,893,253.55
Catering income 2,282,444.11 2,282,444.11
Other income 3,904,081.75 3,904,081.75
Classified by business area 19,079,779.41 19,079,779.41
Including:
Hainan area 19,079,779.41 19,079,779.41
Total 19,079,779.41 19,079,779.41
24. Taxes and surcharges
In RMB
Item The period Last period
Urban construction tax 5,473.64 8,585.55
Educational surtax 2,345.84 3,679.52
Housing property tax 203,448.00 107,793.75
Land use tax 108,590.94 54,295.47
Vehicle and vessel use tax 3,720.00 3,720.00
Stamp tax 1,604.90
Local education surtax 1,563.89 2,453.01
Total 325,142.31 182,132.20
25. Selling expenses
In RMB
Item The period Last period
Employee salaries 1,495,226.13 1,242,607.28
Depreciation 336,240.00 304,221.29
Employee benefits 197,979.00 156,846.00
Repair charges 39,745.57 42,286.85
Social insurance premiums 280,722.20 78,443.06
Utility bills 121,525.95 58,581.48
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海南大东海旅游中心股份有限公司 2021 年半年度财务报告
13,036.72 33,958.67
Amortization of low cost consumables
Labor union expenditures and employee
29,904.55 43,491.32
education funds
Operating supplies 84,065.25 22,018.96
Fuel fees 28,762.55 45,445.32
41,094.42 5,006.36
Promotion fees
Housing provident funds 31,170.00 30,300.00
Other expenses 21,075.83 31,987.65
Total 2,720,548.17 2,095,194.24
Other notes
26. Administrative expenses
In RMB
Item The period Last period
Salaries 2,121,155.60 2,064,631.13
406,193.58 406,193.58
Amortization of intangible assets
Welfare 300,077.60 455,141.21
81,045.24 179,012.82
Entertainment expenses
405,100.00 390,000.00
Agency fee
Depreciation 170,219.14 161,678.90
345,957.62 119,453.23
Social labor insurance premium
Announcing fee 220,000.00 12,900.00
Travel expenses 103,295.84 97,323.85
Repair charge 44,390.02 28,711.24
Housing provident funds 52,956.00 50,158.00
Funds for labor union and staff
40,047.07 64,358.11
education
1,440.00
Promotion fees
Other expenses 90,139.09 171,373.28
Total 4,382,016.80 4,200,935.35
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海南大东海旅游中心股份有限公司 2021 年半年度财务报告
27. Financial expenses
In RMB
Item The period Last period
Interest expenses 360,946.81 76,128.55
Handling charges 32,462.02 11,635.79
-17,993.99 -89,077.69
Less: interest income
Total 375,414.84 -1,313.35
27. Other income
In RMB
Sources of other income The period Last period
VAT input tax plus deduction 233,438.24 262,840.35
29. Asset impairment loss
Item Current Period Last Period
1.Losses from bad debts
2. Inventory falling price loss and impairment loss of contract performance
cost
3. Impairment loss of long-term equity investment
4. Impairment loss of investment property
5. Impairment loss of fixed assets
6. Impairment loss of construction materials
7. Impairment loss of construction in process
8. Impairment loss of productive biological assets
9.Impairment loss of oil-and-gas assets
10.Impairment loss of intangible assets
11. Impairment loss of goodwill
12. Impairment loss of contract assets
13.Other
Total
30. Non-operating revenue
In RMB
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海南大东海旅游中心股份有限公司 2021 年半年度财务报告
Amount included in the current
Item The period Last period
non-recurring profit or loss
3,739.40 2,593.62 3,739.40
Others income
Total 3,739.40 2,593.62 3,739.40
31. Non-operating expenses
In RMB
Amount included in the current
Item The period Last period
non-recurring profit or loss
Non-monetary asset exchange losses
External donation
Late payment 822.60 822.60
Loss on scrapping of fixed assets 19,129.52
Other 330,000.00
Total 822.60 349,129.52 822.60
32. Income tax expenses
Accounting profit and income tax expense adjustment process
In RMB
Item Current Period
Total profit 1,452,925.92
Income tax based on statutory/applicable rate
Impact by different tax rate applied by subsidies
Effect of adjusting the income tax in previous period
Impact of non-taxable income
Impact on cost, expenses and losses that unable to deducted
Impact of deductible loss of un-recognized deferred income tax assets in the prior period of use
The deductible temporary differences or deductible losses of the un-recognized deferred income tax
assets in the Period
Income tax expense
Other description
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33. Notes to items of statement of cash flows
(1) Cash received from other operating activities
In RMB
Item The period Last period
Collection of utility bills 374,759.98 256,746.31
Collection of interest income 17,993.99 89,077.69
Collection of other 187,616.35 156,006.36
Total 580,370.32 501,830.36
Note of cash received from other operating activities
(2) Cash paid for other operating activities
In RMB
Item The period Last period
81,045.24 179,012.82
Social intercourse fees
Intermediary agency audit fee 405,100.00 403,000.00
Announcement fee 220,000.00 60,000.00
107,757.07 98,590.03
Expenses for business trips
Posts costs 124,034.44 153,422.54
Repair charges 139,074.96 93,463.88
Promotion fee 114,175.43 25,341.72
Office expenses 10,250.13 9,149.57
Financial cost 32,152.02 11,475.79
Property insurance premiums 15,311.00 17,868.16
Director supervisor allowance 312,000.00 390,000.00
Reserve fund loan 136,850.00 131,691.00
Other expenses 205,454.00 311,324.66
Total 1,903,204.29 1,884,340.17
Note of cash paid for other operating activities
34. Supplementary information to the statement of cash flows
(1) Supplementary information to the statement of cash flows
In RMB
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Supplementary information Current period Last period
1. Net profit adjusted to cash flows from operating activities -- --
Net profit 1,452,925.92 -6,631,450.42
Plus: Provision for impairment of assets
Depreciation of fixed assets, depreciation and depletion of oil
2,048,250.87 1,850,489.52
and gas assets and depreciation of productive biological assets
Depreciation of right-of-use assets
434,363.58 429,312.58
Amortization of intangible assets
Amortization of long-term deferred expenses 2,974,021.46 1,380,786.97
Losses from disposal of fixed assets, intangible assets and
other long-term assets ("-" for gains)
Losses from write-off of fixed assets ("-" for gains)
Losses from changes in fair value (“-” for gains)
Financial expenses ("-" for gains)
Investment losses ("-" for gains)
Decreases in deferred income tax assets ("-" for increases)
Increases in deferred income tax liabilities ("-" for decreases)
1,788,453.83 -3,203.82
Decreases in inventories ("-" for increases)
645,861.14 402,181.50
Decreases in operating payable (“-” for increases)
Increases in operating payable ("-" for decreases) 1,276,597.25 -2,217,307.25
Others
Net cash flow from operating activities 10,620,474.05 -4,789,190.92
2. Significant investing and financing activities not involving cash
-- --
receipts and payments
Conversion of debt into capital
Convertible corporate bonds maturing within one year
Fixed assets acquired under financing leases
-- --
3. Net changes in cash and cash equivalents
3,240,620.51 17,832,633.21
Ending balance of cash
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海南大东海旅游中心股份有限公司 2021 年半年度财务报告
2,924,459.75 7,422,939.89
Less: beginning balance of cash
Plus: ending balance of cash equivalents
Less: beginning balance of cash equivalents
Net increase in cash and cash equivalents 316,160.76 10,409,693.32
(4) Breakdowns of cash and cash equivalents
In RMB
Item Ending balance Beginning balance
3,240,620.51 2,924,459.75
I. Cash
Including: cash on hand 151,571.07 179,111.10
Bank deposits available for payment at any time 3,089,049.44 2,745,348.65
Other monetary funds available for payment at any time
Deposit of central bank funds available for payment
Deposits in other banks
Interbank lending
II. Cash equivalent
Including: bond investment due within three months
III. Balance of cash and cash equivalents at end of the period 3,240,620.51 2,924,459.75
Including: restricted use of cash and cash equivalent in parent company or
subsidiary in Group
Other notes:
VIII. Change of the consolidation scope
Business combination under common control
(1) Business combinations under the same control that occurred in the current period
In RMB
Combined party Percentag Constitute Combining Basis for Income of Net profit Income of Net profit
e of the basis date determinin the of the the of the
equity for the g the date combined combined combined combined
acquired enterprise of party from party from party party
in combinatio combinatio the the during the during the
enterprise n under n beginning beginning comparison comparison
combinati the same of the of the period period
74
海南大东海旅游中心股份有限公司 2021 年半年度财务报告
on control period of period of
combinatio combinatio
n to the n to the
date of date of
combinatio combinatio
n n
Hainan Wengao
Tourism Wholly-ow Company
June 30,
Resources 100.00% ned establishm 0.00 -308.79 0.00 -345.58
2021
Development holding ent day
Co., Ltd.
(2) Consolidation cost
In RMB
Combination cost
--Cash 676.70
- Book value of non-cash assets
- Book value of debt issued or assumed
--The face value of the equity securities issued
--Contingent consideration
(3) Book value of the assets/liabilities from combined party at date of combination
In RMB
Combination date At the end of the previous period
Assets:
Monetary funds 676.70 985.49
Accounts receivable 999,468.70 999,468.70
Inventory
Fixed assets
Intangible assets
Liabilities:
Loan
Account payable
Net assets 1,000,145.40 1,000,454.19
Less: minority interest
Net assets acquired 1,000,145.40 1,000,454.19
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海南大东海旅游中心股份有限公司 2021 年半年度财务报告
VIII. Rights and interests in other entities
Shareholding ratio
Principal
Name of Business Method of
place of Registration place acquisition
subsidiary nature Direct Indirect
business
Block B, Main Building,
Hainan
Hainan Dadonghai
Wengao Leasing and
Tourism Centre (Holdings)
Tourist Sanya, commercial Newly
Co., Ltd., No. 2, Yuhai 100.00%
established
Resources Hainan service
Road, Jiyang District,
Development industries
Sanya City, Hainan
Co., Ltd.
Province
Other explanation
IX. Related parties and related party transactions
1. Parent company
Name of the parent Registrat Registered Shareholding ratio in Voting ratio in the
Business nature
company ion place the Company Company
capital
Planting and
1151.51 million
Luoniushan Co., Ltd. Haikou breeding 17.55% 19.80%
yuan
industry
Explanation: As at 31 Dec., 2021, Luoniushan Co., Ltd. (hereinafter referred to as "Luoniushan") and its wholly-owned subsidiary
Hainan Ya'anju Property Services Co., Ltd. held a total of 72,092,000 A shares of the Company, accounting for 19.80 % of the
Company's total share capital, so it is the Company's largest shareholder.
2. Related party transactions
(1) Related party transactions of purchasing and selling commodities, providing and receiving labor
services
Sales of goods/provided labor service:
In RMB
Content of related-party
Related party The period Last period
transaction
Hainan Luoniushan Food
2,294,559.80
Group Co., Ltd. Room and meal fees
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海南大东海旅游中心股份有限公司 2021 年半年度财务报告
4,335.00 3,692.00
Luoniushan Co., Ltd. Room and meal fees
Note of related party transactions of purchasing and selling commodities, providing and receiving labor service
(2) Key management personnel emoluments
In RMB
Item The period Last period
Key management personnel emoluments 800,400.00 677,960.00
3. Receivables and payable of the related party
(1) Receivable
In RMB
Ending balance Beginning balance
Item Related party Provision for bad Provision for bad
Book balance Book balance
debt debt
Account
Luoniushan Co., Ltd. 3,378.00
receivable
(2) Payable
In RMB
Item Related party Ending book balance Opening book balance
Hainan Luoniushan Food Group
Contract liability 5,440.20
Co., Ltd.
X. Commitments and contingencies
1. Commitments
As of the balance sheet date, the company has no important commitments.
2. Contingencies
(1) Major contingencies on balance sheet date
On May 26, 2016, the Company received a lawyer letter from Hainan Yunfan Law Firm entrusted by Sanya Power
Supply Bureau of Hainan Power Grid Co., Ltd. (hereinafter referred to as "Sanya Power Supply Bureau"), saying
that Sanya Power Supply Bureau found, in verifying electricity consumption by South China Hotel, a subsidiary
of the Company, that the current transformer (CT) installed in the distribution center metering counters in South
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China Hotel installed was inconsistent with the record in the marketing management system file of Sanya Power
Supply Bureau, and the duration of the inconsistence was from July 2006 when South China Hotel changed its
electricity consumption measuring device to April 2016. According to the statistics, electricity consumption of
10313373 KWH was measured in short, which was estimated to be valued at RMB 7,200,165.75 according to the
electricity prices and surcharge rates in the years.
According to the Legal Consultation Advice on Electricity Quantity (Electricity Charge) Claiming Dispute
between South China Hotel and Sanya Power Supply Bureau issued by Beijing Junhe (Haikou) Law Firm on
December 20, 2016, as all electricity consumption metering devices are purchased, installed, sealed, opened and
replaced by Sanya Power Supply Bureau Responsible, the short measurement of electricity charge from South
China Hotel for many years was due to the fault of Sanya Power Supply Bureau, and was irrelevant to South
China Hotel. Pursuant to Article 135 of the General Principles of Civil Law: "Except as otherwise stipulated by
law, the limitation of action regarding applications to a people's court for protection of civil rights shall be two
years., the Company accrued an amount of RMB 1,489,685.04 for the electricity charge for electricity quantity
measured in short during two years from April 2014 to April 2016. As at December 31, 2020, no further progress
was made on this matter.
XI. Post balance sheet events
As of balance sheet date, the Company has no post balance sheet events.
XII. Notes to main items of financial statements of the parent company
1. Accounts receivable
(1) Disclosure of account receivables by category
In RMB
Ending balance Beginning balance
Provision for bad Provision for bad
Book balance Book balance
debt debt
Category Book
Provisi Book value
Amoun Amoun value Amoun Amoun Provisi
Ratio on Ratio
t t t t on ratio
ratio
Accounts
receivable with
251,73 100.00 162,70 64.63 89,030. 592,00 100.00 162,70
provision for bad 27.48% 429,303.32
5.65 % 5.01 % 64 8.33 % 5.01
debts based on
portfolios
251,73 100.00 162,70 64.63 89,030. 592,00 100.00 162,70
Total 27.48% 429,303.32
5.65 % 5.01 % 64 8.33 % 5.01
Released by account age
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海南大东海旅游中心股份有限公司 2021 年半年度财务报告
In RMB
Account age Ending balance
Within 1 year (including 1 year) 139,574.85
19,092.00
1 year to 2 years
2,259.00
2 years to 3 years
Over 3 years 90,809.80
566.00
3 years to 4 years
785.00
4 years to 5 years
Over 5 years 89,458.80
Total 251,735.65
(2) Provision, reversal or recovery of provision for bad debts in the period
Provision for bad debt in the period:
In RMB
Amount changed in the period
Beginning
Category Reversal or Ending balance
balance Accrual Charge off Other
switch-back
Account
162,705.01 162,705.01
receivable
Total 162,705.01 162,705.01
(4) Top five accounts receivable in terms of ending balance collected by the debtor
In RMB
Ending balance of Proportion in the total accounts Ending balance of the bad
Name of entity
account receivable receivable at period-end debt provision
Shanghai Hecheng International
92,811.11 36.87% 13,203.33
Travel Service Co., Ltd.
Guangzhou Design Institute 38,980.00 15.48% 38,980.00
Yangpu Huayu Road & Bridge
18,633.00 7.40% 18,633.00
Technology Co., Ltd.
China International Travel
13,540.20 5.38% 13,540.20
Service (Beijing)
Sanya Baishun International
11,500.00 4.57% 11,500.00
Travel Service Co., Ltd.
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海南大东海旅游中心股份有限公司 2021 年半年度财务报告
Total 175,464.31 69.70%
2. Other account receivable
In RMB
Item Ending balance Beginning balance
Interest receivable
Dividend receivable
Other account receivable 522,032.39 432,560.55
Total 522,032.39 432,560.55
(3) Other account receivable
1) Other account receivable disclosed by nature
In RMB
Nature Ending book balance Opening book balance
Utility bills 167,719.86 189,577.27
Margin 156,500.00 156,500.00
Social insurance and housing provident funds 59,657.19 59,657.19
Petty cash 178,141.93 56,812.68
Elevator installation fee 10,000.00
Deposit 600.00 600.00
Total 562,618.98 473,147.14
2) Provision for bad debt:
In RMB
First stage Second stage Third stage
Expected
Expected
credit loss for
Expected credit loss for
the whole
Provision for bad debt credit loss in the whole Total
duration
next 12 duration (no
(credit
months credit
impairment
impairment)
has occurred)
Balance as at 1 Jan. 2021 40,586.59 40,586.59
Balance as at January 1. 2021 in current period —— —— —— ——
--Transfer in second stage
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海南大东海旅游中心股份有限公司 2021 年半年度财务报告
--Transfer in third stage
--Reverse to second stage
--Reverse to first stage
Accrual in the Period
Reverse in the Period
Charge off in the Period
Write-off in the Period
Other changes
Balance as at 30 June 2021 40,586.59 40,586.59
Released by account age
In RMB
Account age Ending balance
Within 1 year (inclusive) 444,074.24
1-2 years 26,836.90
2-3 years
Over 3 years 2,236.00
3-4 years
4-5 years
Over 5 years 2,236.00
Total 473,147.14
3) Provision, reversal or recovery of provision for bad debts in the period
Provision for bad debt in the period
In RMB
Amount changed in the period
Beginning
Category Reversal or Ending balance
balance Accrual Charge off Other
switch-back
Other account
40,586.59 40,586.59
receivable
Total 40,586.59 40,586.59
5) Top five other accounts receivable in terms of ending balance collected by the debtor
In RMB
Proportion in total Ending balance of
Name of entity Nature Ending balance Account age
amount of other the bad debt
81
海南大东海旅游中心股份有限公司 2021 年半年度财务报告
accounts receivable at provision
period-end
Labor Security
Supervision Margin 156,500.00 Within 1 year 27.82% 7,825.00
Detachment of Sanya
Hainan Zhongzhida
Application fee 60,000.00 Within 1 year 10.66%
Technology Co., Ltd.
Personal social Advance
49,471.81 Within 1 year 8.79% 2,366.36
insurance premium payment
Ding Qin Petty cash 49,526.97 Within 1 year 8.80%
Fresh shower room Utility bills 25,993.04 Within 1 year 4.62%
Total -- 341,491.82 -- 60.70% 10,191.36
3. Long-term equity investments
In RMB
Ending balance Beginning balance
Item Provision for Provision for
Book balance Book value Book balance Book value
impairment impairment
Investment in
1,000,000.00 1,000,000.00 1,000,000.00 1,000,000.00
subsidiaries
Total 1,000,000.00 1,000,000.00 1,000,000.00 1,000,000.00
(1) Investment in subsidiaries
In RMB
Increase/decreased in the period Ending
Beginning Ending balance of
Investee balance (Book Additional Capital Provision for balance the provision
Other
value) investment reduction impairment (Book value) for
impairment
Hainan Wengao
Tourist
Resources 1,000,000.00 1,000,000.00
Development
Co., Ltd.
4. Operating revenue and operating cost
In RMB
Item The period Last period
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海南大东海旅游中心股份有限公司 2021 年半年度财务报告
Revenue Cost Revenue Cost
15,175,697.66 8,087,149.94 4,089,491.05 4,815,416.65
Primary business
3,904,081.75 1,972,936.47 892,380.95 237,261.78
Other businesses
Total 19,079,779.41 10,060,086.41 4,981,872.00 5,052,678.43
Revenue:
In RMB
Contract type 1# Division 2# Division Total
Product type 19,079,779.41 19,079,779.41
Including:
Room revenue 12,893,253.55 12,893,253.55
Catering income 2,282,444.11 2,282,444.11
Other income 3,904,081.75 3,904,081.75
Classified by business
19,079,779.41 19,079,779.41
area
Total 19,079,779.41 19,079,779.41
XVIII. Supplementary information
1. Breakdown of current non-recurring profits and losses
In RMB
Item Amount Remark
Profit or loss from disposal of non-current assets 400.00 Disposal proceeds from sale
Government grants included in the current profit or loss
(except for government grants closely related to the
233,438.24 Income related to VAT input tax credit
enterprise business, obtained by quota or quantity at
unified state standards)
Other non-operating revenue and expenses except for
2,516.80 Other income
the above-mentioned items
Total 236,355.04 --
2. Return on equity (ROE) and earnings per share (EPS)
Earnings per share
Profit during the reporting period Weighted average ROE Basic Diluted
EPS(RMB/Share) EPS(RMB/Share)
Net profits attributable to ordinary
2.15% 0.0040 0.0040
shareholders of the Company
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海南大东海旅游中心股份有限公司 2021 年半年度财务报告
Net profits attributable to ordinary
shareholders of the Company after deduction 1.80% 0.0033 0.0033
of non-recurring profits or losses
3. Accounting difference between IFRS and CAS
There are no accounting differences between IFRS and CAS.
Hainan Dadonghai Tourism Centre (Holdings) Co., Ltd.
19 August 2021
84
