Hainan Dadonghai Tourism Centre (Holdings) Co., Ltd. The 1st Quarterly Report for 2009 (Full Text)
1
Short Form of the Stock: ST Donghai-A, ST Donghai-B Stock Code: 000613, 200613
海南大东海旅游中心股份有限公司
Hainan Dadonghai Tourism Centre (Holdings) Co., Ltd.
The 1st Quarterly Report 2009
(Full Text)
Disclosure Date: April 28, 2009Hainan Dadonghai Tourism Centre (Holdings) Co., Ltd. The 1st Quarterly
Report for 2009 (Full Text)
2
Hainan Dadonghai Tourism Centre (Holdings) Co., Ltd.
The 1st Quarterly Report for 2009
(Full Text)
§1. Important Notice
1.1 Board of Directors and the Supervisory Committee of Hainan Dadonghai Tourism Centre
(Holdings) Co., Ltd. (hereinafter referred to as the Company) and its directors, supervisors and
senior executives hereby confirm that there are no any fictitious statements, misleading statements,
or important omissions carried in this report, and shall take all responsibilities, individual and/or
joint, for the reality, accuracy and completion of the whole contents.
1.2 The Financial Report For the 1st Quarterly Report of the Company has not been audited by
CPAs.
1.3 Mr. Li Yuanbin, Principal of the Company; Mr. Chen Liurong, Person in Charge of Financial
Works; and Mr. Li Zhi, Person in Charge of Accounting Organ (Accounting Supervisor) hereby
confirm that the Financial Report enclosed in the 1st Quarterly Report is true and complete.
§2. Company Profile
2.1 Main Accounting Data and Financial Indexes:
Unit: RMB
At the end of the report
period At the end of the last year Changes of
increase/decrease (%)
Total assets 130,883,777.26 132,281,018.92 -1.06%
Equity attributable to owners of
the parent company 90,141,191.94 89,582,040.24 0.62%
Share capital 364,100,000.00 364,100,000.00 0.00%
Net asset per share attributable to
owners of the parent company 0.25 0.25 0.00%
In the report period The same period of last
year
Changes of
increase/decrease (%)
Total operating income 11,684,151.86 12,552,726.56 -6.92%
Net profit attributable to owners
of the parent company 559,151.70 2,964,606.36 -81.14%
Net cash flow arising from
operating activities 749,165.75 6,156,807.30 -87.83%
Net cash flow arising from
operating activities per share 0.0021 0.0169 -87.57%
Basic earnings per share 0.002 0.01 -80.00%
Diluted earnings per share 0.002 0.01 -80.00%
Return on equity 0.62% 3.87% -3.25%
Return on equity after deducting
the non-recurring losses and
gains
0.54% 3.66% -3.12%
Items of non-recurring gains and losses Amount in year-begin to
the end of report period
Non-operating income 97,968.00Hainan Dadonghai Tourism Centre (Holdings) Co., Ltd. The 1st Quarterly Report for 2009 (Full Text)
3
Non-operating expense -22,093.14
Total 75,874.86
Explanations on items of non-recurring gains and losses
Naught
2.2 Total number of shareholders at the end of the report period and shares held by the top ten
shareholders with unrestricted conditions
Unit: Share
Total number of shareholders
at the end of report period 29,566
Particulars about the shares held by the top ten tradable shareholders with unrestricted conditions
Full Name of shareholder
Amount of tradable shares with
unrestricted conditions held at the
end of report period
Type of shares
Haikou Grocery Co., Ltd. (Haikou
Agriculture & Industry & Trade
(Luoniushan) Co., Ltd.)
14,962,420 RMB ordinary shares
Shi Yajun 12,621,050 RMB ordinary shares
Hainan Sanya Yinnong Industrial
Development Co., Ltd. 6,930,000 RMB ordinary shares
Wuhan Turui Technology Development
Co., Ltd. 4,925,366 RMB ordinary shares
Yangpu Jinyu Industrial Co., Ltd. 4,666,200 RMB ordinary shares
CITRINE CAPITAL LIMITED 3,265,200 Domestically listed foreign shares
China Foreign Economy and Trade Trust
Co., Ltd. 2,772,000 RMB ordinary shares
Su Youhe 2,367,278 Domestically listed foreign shares
SANYA RURAL CREDIT UNION. 2,310,000 RMB ordinary shares
China Huarong Asset Management
Corporation 1,848,000 RMB ordinary shares
§3. Significant events
3.1 Particulars about material changes in items of main accounting statement and financial index,
and explanations of reasons
√Applicable □Inapplicable
Other account receivable was RMB 268,757.91, up 82.39% compared with RMB 147,351.88 at the
period-begin, which was mainly resulted by the loans for the employee to start business.
Ways payable for employee was RMB 7,331,502.15, up 45.40% compared with RMB 5,042,221.88
in period-begin, which was mainly because the wages for employee increased and the excess shared
revenue of South China Hotel was withdrawn.
Tax payable was RMB -708,683.40, down 563.19% compared with RMB 153,001.02 at the
period-begin, which was mainly resulted by handing over the tax in the report period.
Operating cost was RMB 1,772,684.67, up 57.96% compared with RMB 1,122,266.78 in the same
period of last year, which was mainly because the income from food and beverage increased and the
cost of food and beverage increased.Hainan Dadonghai Tourism Centre (Holdings) Co., Ltd. The 1st Quarterly
Report for 2009 (Full Text)
4
Financial expense was RMB 59,076.81, down 72.09% compared with RMB 211,687.27 in the same
period of last year, which was mainly because the creditor exempted to collect the interests.
Non-operating income was RMB 97,968.00, down 38.43% compared with RMB 159,113.80 in the
same period of last year, which was mainly because the account from compensation decreased.
Net amount of profit was RMB 559,151.70, down 81.14% compared with RMB 2,964,606.36 in the
same period of last year, which was mainly because the income decreased, and the cost and expense
increased with different degrees.
Net cash flow arising from operating activities was RMB 749,165.75, down 87.83% compared with
RMB 6,156,807.30 in the same period of last year, which was mainly because operational tax and
purchase account were paid and added to pay the employee wages in the report period, and there
were no account paid on behalf taken back this year.
Net cash flow arising from investing activities was RMB -1,198,382.32, down 128.28% compared
with RMB -524,961.75 in the same period of last year, which was mainly because the decoration and
reconstruction account of the hotel were paid.
3.2 Analysis and explanation of significant events and their influence and solutions
□Applicable √Inapplicable
3.3 Implementations of commitments by the Company, shareholders and actual controller
√Applicable □Inapplicable
Commitments Content of commitments Implementation
Commitments for Share Merger
Reform
Read the “Summary of
Annual Report 2008-- 7.6
Implementation of the
Commitment”
Strictly implemented the commitment
Commitments on share restriction for
trading Naught Naught
Commitments made in Acquisition
Report or Reports on Change in
Interests
Naught Naught
Commitments made in Material
Assets Reorganization Naught Naught
Commitments made in issuing Naught Naught
Other commitments (including
additional commitments) Naught Naught
3.4 Estimation of accumulative net profit from the beginning of the year to the end of next report
period to be loss probably or the warning of its material change compared with the corresponding
period of the last year and explanation of reason
√Applicable □Inapplicable
Prediction of
performances Losses
Year-begin to the end of
next report period
The same period of
last year Change of increase/decrease (%)
Estimated amount of
accumulative net
profit(RMB’0000)
About - 100.00 205.74 Declined About decreased 148.78
percentage points
Basic earnings per
share(RMB/Share) About - 0.0027 0.0057 Declined About decreased 147.37
percentage points
Explanations on prediction
of performances
(1) The main reasons for the declines of performance were: from Jan. 1, 2009 to Jan. 30,
2009, due to the continuous spread of international financial crisis and cruel
competition among the hotel industry, the performance of the Company would possiblyHainan Dadonghai Tourism
Centre (Holdings) Co., Ltd. The 1st Quarterly Report for 2009 (Full Text)
5
have great decreases compared with that in the same period of last year, and the losses
were about RMB 1 million.
(2) Prediction of performances was not audited by the certified public accountant.
(3) The main business of the Company is only one hotel, the operation of hotel industry
was influenced by the changes of market, thus, it is hard to make exact data prediction
for the first half year of 2009, and can be predicted based on the current accepted
bookings of the hotel and the initial analysis to hotel industry market. If there will be
great declination between the performance during Jan.-June of 2009 and the Notice on
Predicted Deduction, the Company could disclose timely in accordance with relevant
regulations. The detailed data would be disclosed in the Semi-annual Report for 2009 of
the Company.
3.5 Other significant events which need explanations
3.5.1 Particulars about securities investment
□Applicable √Inapplicable
3.5.2 Registration form for receiving research, communication and interview in the report period.
In the report period, there were no receptions from the investors such as spot research, telephone
communications and written enquiries.
3.5.3 Particulars about the explanations on other significant events
√Applicable □Inapplicable
(1) In the report period, the Company did not offer funds to its controlling shareholders or related
parties, and had no external guarantees with breaking the regulations.
(2) In the report period, no shareholders who held above 30% shares of the Company put forward or
carried out any plan on add in holding shares.
(3) In the report period, the Company did not sign any material contract.
§4. Appendix
4.1 Balance sheet
Prepared by Hainan Dadonghai Tourism Centre (Holdings) Co., Ltd. March 31, 2009 Unit: RMB
Balance at period-end Balance at year-begin
Items Merger Parent Company Merger Parent Company
Current assets:
Monetary funds 5,560,386.88 5,560,386.88 6,009,603.45 6,009,603.45
Settlement provisions
Capital lent
Transaction finance asset
Notes receivable
Accounts receivable 4,080,434.35 4,080,434.35 3,437,875.15 3,437,875.15
Accounts paid in advance 60,320.00 60,320.00 66,120.00 66,120.00
Insurance receivable
Reinsurance receivables
Contract reserve of
reinsurance receivable
Interest receivable
Dividend receivableHainan Dadonghai Tourism Centre (Holdings) Co., Ltd. The 1st Quarterly Report for 2009
(Full Text)
6
Other receivables 268,757.91 268,757.91 147,351.88 147,351.88
Purchase restituted
finance asset
Inventories 609,872.13 609,872.13 583,609.64 583,609.64
Non-current asset due
within one year
Other current assets 8,669,919.00 8,669,919.00 8,669,919.00 8,669,919.00
Total current assets 19,249,690.27 19,249,690.27 18,914,479.12 18,914,479.12
Non-current assets:
Granted loans and
advances
Finance asset available
for sales
Held-to-maturity
securities
Long-term account
receivable
Long-term equity
investment
Investment property
Fixed assets 79,418,788.14 79,418,788.14 80,934,059.16 80,934,059.16
Construction in progress
Engineering material
Disposal of fixed asset
Productive biological
asset
Oil and gas asset
Intangible assets 32,215,298.85 32,215,298.85 32,432,480.64 32,432,480.64
Expense on Research and
Development
Goodwill
Long-term expenses to be
apportioned
Deferred income tax asset
Other non-current asset
Total non-current asset 111,634,086.99 111,634,086.99 113,366,539.80 113,366,539.80
Total assets 130,883,777.26 130,883,777.26 132,281,018.92 132,281,018.92
Current liabilities:
Short-term loans
Loan from central bank
Absorbing deposit and
interbank deposit
Capital borrowed
Transaction financial
liabilities
Notes payable
Accounts payable 2,144,190.73 2,144,190.73 1,919,594.13 1,919,594.13
Accounts received in 2,316,405.01 2,316,405.01Hainan Dadonghai Tourism Centre (Holdings) Co., Ltd. The 1st
Quarterly Report for 2009 (Full Text)
7
advance
Selling financial asset of
repurchase
Commission charge and
commission payable
Wage payable 7,331,502.15 7,331,502.15 5,042,221.88 5,042,221.88
Taxes payable -708,683.40 -708,683.40 153,001.02 153,001.02
Interest payable
Dividend payable
Other accounts payable 31,975,575.84 31,975,575.84 33,267,756.64 33,267,756.64
Reinsurance payables
Insurance contract reserve
Security trading of agency
Security sales of agency
Non-current liabilities due
within 1 year
Other current liabilities
Total current liabilities 40,742,585.32 40,742,585.32 42,698,978.68 42,698,978.68
Non-current liabilities:
Long-term loans
Bonds payable
Long-term account
payable
Special accounts payable
Projected liabilities
Deferred income tax
liabilities
Other non-current
liabilities
Total non-current liabilities
Total liabilities 40,742,585.32 40,742,585.32 42,698,978.68 42,698,978.68
Owner’s equity (or
shareholders’ equity):
Paid-in capital (or share
capital) 364,100,000.00 364,100,000.00 364,100,000.00 364,100,000.00
Capital public reserve 54,142,850.01 54,142,850.01 54,142,850.01 54,142,850.01
Less: Inventory shares
Surplus public reserve
Provision of general risk
Retained profit -328,101,658.07 -328,101,658.07 -328,660,809.77 -328,660,809.77
Balance difference of
foreign currency translation
Total owner’s equity
attributable to parent company 90,141,191.94 90,141,191.94 89,582,040.24 89,582,040.24
Minority interests
Total owner’s equity 90,141,191.94 90,141,191.94 89,582,040.24 89,582,040.24
Total liabilities and owner’s 130,883,777.26 130,883,777.26 132,281,018.92 132,281,018.92Hainan Dadonghai
Tourism Centre (Holdings) Co., Ltd. The 1st Quarterly Report for 2009 (Full Text)
8
equity
4.2 Profit statement
Prepared by Hainan Dadonghai Tourism Centre (Holdings) Co., Ltd. Jan.-Mar., 2009 Unit: RMB
Amount in this period Amount in last period
Items Merger Parent Company Merger Parent Company
I. Total operating income 11,684,151.86 11,684,151.86 12,552,726.56 12,552,726.56
Including: Operating income 11,684,151.86 11,684,151.86 12,552,726.56 12,552,726.56
Interest income
Insurance gained
Commission charge and
commission income
II. Total operating cost 11,061,087.09 11,061,087.09 9,096,466.75 9,096,466.75
Including: Operating cost 1,772,684.67 1,772,684.67 1,122,266.78 1,122,266.78
Interest expense
Commission charge and
commission expense
Cash surrender value
Net amount of expense
of compensation
Net amount of
withdrawal of insurance
contract reserve
Bonus expense of
guarantee slip
Reinsurance expense
Operating tax and extras 642,628.35 642,628.35 690,399.96 690,399.96
Sales expenses 3,696,456.98 3,696,456.98 3,240,560.03 3,240,560.03
Administration
expenses 4,890,240.28 4,890,240.28 3,831,552.71 3,831,552.71
Financial expenses 59,076.81 59,076.81 211,687.27 211,687.27
Losses of devaluation of
asset
Add: Changing income
of fair value(Loss is listed
with “-”)
Investment income
(Loss is listed with “-”)
Including: Investment
income on affiliated
company and joint venture
Exchange income (Loss
is listed with “-”)
III. Operating profit (Loss
is listed with “-”) 623,064.77 623,064.77 3,456,259.81 3,456,259.81
Add: Non-operating
income 97,968.00 97,968.00 159,113.80 159,113.80
Less: Non-operating
expense 22,093.14 22,093.14
Including: Disposal lossHainan Dadonghai Tourism Centre (Holdings) Co., Ltd. The 1st Quarterly Report for
2009 (Full Text)
9
of non-current asset
IV. Total Profit (Loss is
listed with “-”) 698,939.63 698,939.63 3,615,373.61 3,615,373.61
Less: Income tax 139,787.93 139,787.93 650,767.25 650,767.25
V. Net profit (Net loss is
listed with “-”) 559,151.70 559,151.70 2,964,606.36 2,964,606.36
Net profit attributable to
owner’s equity of parent
company
559,151.70 559,151.70 2,964,606.36 2,964,606.36
Minority shareholders’
gains and losses
VI. Earnings per share
i. Basic earnings per share 0.0015 0.0015 0.0081 0.0081
ii. Diluted earnings per share 0.0015 0.0015 0.0081 0.0081
4.3 Cash flow statement
Prepared by Hainan Dadonghai Tourism Centre (Holdings) Co., Ltd. Jan.-Mar., 2009 Unit: RMB
Amount in this period Amount in last period
Items Merger Parent Company Merger Parent Company
I. Cash flows arising from operating
activities:
Cash received from selling
commodities and providing labor
services
8,725,187.65 8,725,187.65 9,616,469.67 9,616,469.67
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
Insured savings and net increase
of investment
Net increase of disposal of
transaction financial asset
Cash received from interest,
commission charge and commission
Net increase of capital borrowed
Net increase of returned
business capital
Write-back of tax received
Other cash received concerning
operating activities 34,168.33 34,168.33 1,694,390.35 1,694,390.35
Subtotal of cash inflow arising
from operating activities 8,759,355.98 8,759,355.98 11,310,860.02 11,310,860.02
Cash paid for purchasing
commodities and receiving labor
service
2,305,335.27 2,305,335.27 1,445,456.09 1,445,456.09
Net increase of customer loans
and advancesHainan Dadonghai Tourism Centre (Holdings) Co., Ltd. The 1st Quarterly Report for 2009 (Full
Text)
10
Net increase of deposits in
central bank and interbank
Cash paid for original insurance
contract compensation
Cash paid for interest,
commission charge and commission
Cash paid for bonus of
guarantee slip
Cash paid to/for staff and
workers 2,269,571.72 2,269,571.72 1,969,482.05 1,969,482.05
Taxes paid 1,838,291.11 1,838,291.11 88,838.47 88,838.47
Other cash paid concerning
operating activities 1,596,992.13 1,596,992.13 1,650,276.11 1,650,276.11
Subtotal of cash outflow arising
from operating activities 8,010,190.23 8,010,190.23 5,154,052.72 5,154,052.72
Net cash flows arising from
operating activities 749,165.75 749,165.75 6,156,807.30 6,156,807.30
II. Cash flows arising from investing
activities:
Cash received from recovering
investment
Cash received from investment
income
Net cash received from disposal
of fixed, intangible and other
long-term assets
Net cash received from disposal
of subsidiaries and other units
Other cash received concerning
investing activities
Subtotal of cash inflow from
investing activities
Cash paid for purchasing fixed,
intangible and other long-term assets 1,198,382.32 1,198,382.32 524,961.75 524,961.75
Cash paid for investment
Net increase of mortgaged loans
Net cash received from
subsidiaries and other units
Other cash paid concerning
investing activities
Subtotal of cash outflow from
investing activities 1,198,382.32 1,198,382.32 524,961.75 524,961.75
Net cash flows arising from
investing activities
-1,198,382.3
2 -1,198,382.32 -524,961.75 -524,961.75
III. Cash flows arising from
financing activities
Cash received from absorbing
investment
Including: Cash received from
absorbing minority shareholders’
investment by subsidiaries
Cash received from loans
Cash received from issuing
bondsHainan Dadonghai Tourism Centre (Holdings) Co., Ltd. The 1st Quarterly Report for 2009 (Full Text)
11
Other cash received concerning
financing activities
Subtotal of cash inflow from
financing activities
Cash paid for settling debts
Cash paid for dividend and
profit distributing or interest paying
Including: Dividend and profit
of minority shareholder paid by
subsidiaries
Other cash paid concerning
financing activities
Subtotal of cash outflow from
financing activities
Net cash flows arising from
financing activities
IV. Influence on cash due to
fluctuation in exchange rate
V. Net increase of cash and cash
equivalents -449,216.57 -449,216.57 5,631,845.55 5,631,845.55
Add: Balance of cash and cash
equivalents at the period -begin 6,009,603.45 6,009,603.45 2,424,831.17 2,424,831.17
VI. Balance of cash and cash
equivalents at the period -end 5,560,386.88 5,560,386.88 8,056,676.72 8,056,676.72
4.4 Auditor’ report
Auditor’s opinions: Un-audited
Chairman of the Board: Li Yuanbin
The Board of Director of
Hainan Dadonghai Tourism Centre (Holdings) Co., Ltd.
April 26, 2009
