海南大东海旅游中心股份有限公司
Hainan Dadonghai Tourism Centre (Holdings) Co., Ltd.
SEMI-ANNUAL REPORT 2012
(Full-Text)
Disclosed date: 27 August 2012
司公限有份股心中游旅海东大南海 2012 文全告报度年半年
SEMI-ANNUAL REPORT 2012
I Important Notice
The Board of Directors and its directors, Supervisory Committee and its supervisors, senior
executives of Hainan Dadonghai Tourism Centre (Holdings) Co., Ltd. (hereinafter referred to as the
Company) hereby confirm that there are no false recordation, misleading statements or material
omissions carried in this report, and shall take all responsibilities, individually and/or jointly, for the
reality, accuracy and completeness of the whole contents.
All of the directors are present the meeting of the Board for deliberating the semi-annual report of
the Company
Financial report of this semi-annual repot has not been audited by CPA.
Li Yuanbin, person in charge of the Company, Chen Liurong, person in charge of accounting works
as well as person in charge of accounting institution (accounting officer) Li Zhi hereby confirm the
truthfulness and completeness of the Financial Report in the Semi-annual Report 2012.
Paraphrase
Items Refers to Definition
Company, the Company Refers to Hainan Dadonghai Tourism Centre (Holdings) Co.,Ltd.
II. Company Profile
(I) Company information
Code for A-share 000613 Code for B-share 200613
Short form for
Short form for A-share ST Donghai-A ST Donghai-B
B-share
Listing stock exchange Shenzhen Stock Exchange
Legal Chinese name of
the Company
司公限有份股心中游旅海东大南海
Abbr. of legal Chinese
name of the Company
海东大
Legal English name of the
Hainan Dadonghai Tourism Centre (Holdings) Co.,Ltd.
Company
Abbr. of legal English
DADNGHAI DADONGHAI-B
、
name of the Company
Legal Representative Li Yuanbin
Registered Add. Dadonghai Sanya
Post Code of registered
572021
add.
Office Add. Dadonghai Sanya
Post Code of office add. 572021
Internet website http://www.cninfo.com.cn
E-mail hnddh@21cn.com
(II) Contact person and ways
Secretary of the Board Rep. of security affairs
Name Wang Hongjuan Wang Hongjuan
Contact adds. Dadonghai Sanya Dadonghai Sanya
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司公限有份股心中游旅海东大南海 2012 文全告报度年半年
Tel. 0898-88219921 0898-88219921
Fax. 0898-88214998 0898-88214998
E-mail hnddh@21cn.com hnddh@21cn.com
(III) Information disclosure and place for preparation
Newspapers Designated for indormation
Securities Times and Hong Kong Comercial Daily
disclosure
Website desinated by CSRC for
http://www.cninfo.com.cn
publishing semi-annual report
place for preparation of semi-annual
Security department of the Company
report
III. Major accounting data and business abstract
(I) Major accounting data and financial indexes
Whether retroactive adjusted on previous financial report or not
□Yes √ No □ non-applicable
Major accounting data
Reporting period Same period of Increase/decrease in this report
Major accounting data
(Jan. to June) last year period year-on-year (%)
Total business revenue(RMB) 20,425,639.30 18,467,961.40 10.6%
Business profit(RMB) 628,949.74 -1,880,739.51 133.44%
Total profit(RMB) 785,888.33 -1,635,132.91 136.05%
Net profit attributable to
shareholders of the listed company 589,416.25 -1,635,132.91 136.05%
(RMB)
Net profit attributable to
shareholders of the listed company
432,477.66 -1,880,739.51 123%
after deducting non-recurring gains
and losses(RMB)
Net cash flow arising from operating
-284,159.33 445,270.62 -163.82%
activities(RMB)
Increase/decrease in this
End of this period End of last period period-end over that of last
period-end (%)
Total assets(RMB) 114,291,655.26 118,036,774.80 -3.17%
Owners’ equity attributable to
shareholders of the listed 82,574,542.07 81,985,125.82 0.72%
company(RMB)
Share capital(Share) 364,100,000.00 364,100,000.00 0%
Major financial indexes
Reporting
Same period Increase/decrease in this report
Major financial indexes period (Jan. to
of last year period year-on-year (%)
June)
Basic earnings per share (RMB/Share) 0.0016 -0.0045 135.56%
Diluted earnings per share (RMB/Share) 0.0016 -0.0045 135.56%
Basic EPS after deducting non-recurring
0.0012 -0.0052 123.08%
gains/losses (RMB/Share)
Fully diluted ROE (%) 0.71% -1.91% 2.62%
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司公限有份股心中游旅海东大南海 2012 文全告报度年半年
Weighted average ROE (%) 0.72% -1.89% 2.61%
Fully diluted ROE after deducting
0.52% -2.2% 2.72%
non-recurring gains/losses (%)
Weighted average ROE after deducting
0.53% -2.18% 2.71%
non-recurring gains/losses (%)
Net cash flow per share arising from operating
-0.0008 0.0012 -166.67%
activities (RMB/Share)
Increase/decrease in this
End of this End of last
period-end over same period of
period period
last period-end (%)
Net assets per share attributable to shareholder
0.23 0.23 0%
of listed company (RMB/ Share)
Asset-liability ratio (%) 27.75% 30.54% -2.79%
Explanation on previous major accounting data and financial indexes at period-end: Nil
(II) Difference of accounting data under CAS and IAS
1. Difference of net profit and net assets disclosed in financial report based on IAS and CAS
□ Applicable √ Non-applicable
2. Difference of net profit and net assets disclosed in financial report based on foreign
accounting standards and CAS
□ Applicable √ Non-applicable
3. Detail items for major differences
Nil
4. Explanation on accounting data difference under the foreign/domestic accounting
standards
Nil
(III) Item and amount with non-recurring gains/losses deducted
√applicable □Non-applicable
Items Amount (RMB) Note
Gains and losses from disposal of non-current assets 3,920.00 -
Tax refund or exemption out of authorization, with absence of official approval
document or accidentally
Governmental subsidy calculated into current gains and losses(while closely
related with the normal business of the Company, excluding the fixed-amount or
fixed-proportion governmental subsidy according to the unified national standard)
Fund occupation expenses received from non-financial enterprises that reckon into
current gains/losses
Income occurred when investment cost paid by enterprise for obtaining
subsidiaries, associates and joint ventures are lower than its share in fair value of
net realizable assets of invested units
Gains and losses from exchange of non-monetary assets
Gains and losses from entrusted investment or management assets
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司公限有份股心中游旅海东大南海 2012 文全告报度年半年
Various asset impairment reserve provided for force majeure, such as natural
disaster;
Gains/losses from debt reorganization
Reorganization expenses, such as expenditure for allocation of employees and
integration fee
Gains and losses from excess of transaction which are conducted on a
non-fair-valued basis over its fair value
Current net gains and losses of subsidiaries occurred from combination under the
same control commencing from period-begin to combination date
Gains and losses from contingent events which has no relation with normal
business of the Company
Gains and losses from change of fair values of held-for-transaction financial assets
and financial liabilities except for the effective hedge business related to normal
business of the Company, and investment income from disposal of transactional
financial assets and liabilities and financial assets available for sale
Reversal of impairment reserve for account receivable with separate impairment
testing
gains/ losses from external entrustment loans
Gains and losses arising from change of fair value of investment properties whose
follow-up measurement are at fair value
Affect upon current gains/losses arising from the one-off adjustment in subject to
requirement of laws and rules in relation to taxation and accounting
Income from entrusted custody operation
Other non-operating income and expenditure except the abovementioned 153,018.59 -
Other item that satisfied the definition of non-recurring gains and losses
Influenced amount of minority shareholders’ equity
Impact on income tax
Total 156,938.59 --
Explanation on “Other item that satisfied the definition of non-recurring gains and losses” and defined
non-recurring gains and losses as recurring gain/loss according to natures and characteristic of self-operation
status
Nil
IV. Changes in Share Capital and Particular about Shareholders
(I) Changes in share capital
1. Statement of changes in shares
√Applicable □Non-applicable
Before the Changes Increase/Decrease in the Change (+, -) After the Changes
Bo Public
Newly-
Proportio nus reserve-c Proportio
Amount issued Others Subtotal Amount
n (%) sha onverted n (%)
shares
res shares
I. Restricted shares 17,308,000 4.75% -132,000 -132,000 17,176,000 4.72%
1. State-owned shares
2. State-owned legal
5,922,000 1.63% 5,922,000 1.63%
person’s shares
3. Other domestic shares 11,386,000 3.13% -132,000 -132,000 11,254,000 3.09%
Including: Domestic legal
11,254,000 3.09% -132,000 -132,000 11,122,000 3.05%
person’s shares
Domestic natural person’s
132,000 0.04% 132,000 0.04%
shares
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司公限有份股心中游旅海东大南海 2012 文全告报度年半年
4. Foreign shares
Including: Foreign legal
person’s shares
Foreign natural person’s
shares
5. Senior executives’
shares
II. Unrestricted shares 346,792,000 95.25% 132,000 132,000 346,924,000 95.28%
1. RMB Ordinary shares 258,792,000 71.08% 132,000 132,000 258,924,000 71.11%
2. Domestically listed
88,000,000 24.17% 88,000,000 24.17%
foreign shares
3. Overseas listed foreign
shares
4. Others
III. Total shares 364,100,000.00 100% 364,100,000.00 100%
Approval for changes in shareholding (if applicable)
Nil
Transfer of shares
As at the implementation date of equity reform, Sanya Army Branch Soldiers Service Center, being
shareholder holding circulating shares subject to sales restriction, held 132,000 shares of the Company. On
22 April 2011, such 132,000 shares were transferred to Hainan Jiuyuan Ecological Art Engineering Co., Ltd.
on 6 January 2012, Hainan Jiuyuan Ecological Art Engineering Co., Ltd. repaid 39,600 shares paid in
advance for equity reform, and then transferred such shares to Hainan Yangpu Tongrong Investment
Management Consultation Co., Ltd. It held 92,400 shares accordingly, which obtained circulation on 6
January 2012.
Affects by changes in shareholding on the latest earnings per share, net assets per share and other
financial indicators (if any)
Nil
Other contents which are required to disclose by the Company or securities authorities
Nil
2. Changes in restricted shares
√ Applicable □ non-applicable
Restricted Amount of
Amount of the Restricted
shares the
restricted shares Reasons for
Shareholders increased restricted Un-lock dated
shares held at un-lock restriction
in this shares at
period-begin this period
period period-end
Legal
Sanya Zhongxing Development Co., After pre-paid shares of
3,630,000 0 0 3,630,000 commitment of
Ltd. share reform paid
share reform
Legal
After pre-paid shares of
Sanya Real Estate Appraisal Firm 1,320,000 0 0 1,320,000 commitment of
share reform paid
share reform
Legal
Hainan Hong Kong & Macao After pre-paid shares of
1,320,000 0 0 1,320,000 commitment of
International Tourism Ltd. share reform paid
share reform
Legal
Haikou Dongfang Urban Credit After pre-paid shares of
1,320,000 0 0 1,320,000 commitment of
Cooperatives share reform paid
share reform
Hainan Zhongjin Indusry Trading Co., 1,320,000 0 0 1,320,000 Legal After pre-paid shares of
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司公限有份股心中游旅海东大南海 2012 文全告报度年半年
Ltd. commitment of share reform paid
share reform
Legal
Hainan Branch of Bank of After pre-paid shares of
1,320,000 0 0 1,320,000 commitment of
Communications Co., Ltd share reform paid
share reform
Legal
Guangzhou Dongzhan Industrial Co., After pre-paid shares of
1,320,000 0 0 1,320,000 commitment of
Ltd. share reform paid
share reform
Legal
Shenyang Jin’an Industrial After pre-paid shares of
1,188,000 0 0 1,188,000 commitment of
Corporation share reform paid
share reform
Legal
After pre-paid shares of
Hainan Dadonghai Tourism Co., Ltd 1,056,000 0 0 1,056,000 commitment of
share reform paid
share reform
Legal
Hangzhou Huayuan Industrial Co., After pre-paid shares of
840,000 0 0 840,000 commitment of
Ltd. share reform paid
share reform
Legal
Other shareholders with restriction After pre-paid shares of
2,674,000 132,000 0 2,542,000 commitment of
conditions share reform paid
share reform
Total 17,308,000 132,000 0 17,176,000 -- --
(II) Security offering and listing
1. Security offering in previous three years
□applicable √Non-applicable
2. Changes of total shares and structures as well as outcome of asset-liability structures
□applicable √Non-applicable
3. Current shares held by internal staffs
□applicable √Non-applicable
(III) Shareholders and actual controller
1. Total shareholders at period-end
Till end of reporting period, total shareholders of the Company amounting to 29,593.
2. Top ten shareholders
Particulars about the shares held by the top ten shareholders
Proportion of Amount of Shares pledged or frozen
Nature of Total amount
Shareholders (full name) shares held the restricted
shareholders of shares held Share status Amount
(%) shares held
Domestic pledged
Haikou Agriculture & Industry &
non-state-owned 16.81% 61,190,270 0 60,000,000
Trade (Luoniushan) Co., Ltd.
legal person
Domestic pledged
Yangpu Tongrong Investment
non-state-owned 3.47% 12,640,832 0 12,600,000
Management Consultation Co., Ltd.
legal person
Domestic natural
He Haichao 3.09% 11,264,307 0- 0
persons
Domestic
Sanya Yongli Investment Co., Ltd non-state-owned 1.9% 6,930,000 0- 0
legal person
CI CITIC Assets Management Co., Domestic
1.27% 4,620,000 0- 0
Ltd. non-state-owned
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司公限有份股心中游旅海东大南海 2012 文全告报度年半年
legal person
Domestic natural
Cao Huili 1.14% 4,143,939 0- 0
persons
Domestic natural
Liang Ruizhi 1.13% 4,127,545 0- 0
persons
Domestic
Sanya Zhongxing Development Co.,
non-state-owned 1% 3,630,000 3,630,000 - 0
Ltd.
legal person
Foreign legal
CITRINE CAPITAL LIMITED 0.9% 3,265,200 0- 0
persons
China Merchants Securities (HK) Co., State-owned legal
0.76% 2,749,501 0- 0
Ltd. person
Explanation on shareholders
Particulars about the shares held by the top ten unrestricted shareholders
√applicable □Non-applicable
Amount of unrestricted Type/amount of shares
Shareholders
shares held at period-end Type Amount
Haikou Agriculture & Industry &
61,190,270 A-share 61,190,270
Trade (Luoniushan) Co., Ltd.
Yangpu Tongrong Investment
12,640,832 A-share 12,640,832
Management Consultation Co., Ltd.
He Haichao 11,264,307 A-share 11,264,307
Sanya Yongli Investment Co., Ltd 6,930,000 A-share 6,930,000
CI CITIC Assets Management Co.,
4,620,000 A-share 4,620,000
Ltd.
Cao Huili 4,143,939 A-share 4,143,939
Liang Ruizhi 4,127,545 A-share 4,127,545
CITRINE CAPITAL LIMITED 3,265,200 B-share 3,265,200
China Merchants Securities (HK)
2,749,501 B-share 2,749,501
Co., Ltd.
Sanya Rural Commercial Union 2,310,000 A-share 2,310,000
Explanation on associated relationship among the top ten shareholders or (and) consistent action
The Company is unknown whether there exists associated relationship or belongs to the consistent actor regulated
by the Management Measure of Information Disclosure on Change of Shareholding for Listed Company among
the other shareholders.
3. Controlling shareholders and actual controller
(1) Changes of controlling shareholders and actual controller
□applicable √Non-applicable
(2) Introduction of controlling shareholders and actual controller
Whether has new actual controller or not
□Yes √No □ non-applicable
Name of actual controller Haikou Agriculture & Industry & Trade (Luoniushan) Co., Ltd.
Type of actual controller Group
Explanation:
On 29 January 2010, the Company received “the confirmation book of security transfer” issued by Shenzhen
Branch of China Security Registration & Settlement Ltd from Haikou Agriculture, Industry & Trade (Luoniushan)
Co., Ltd., it confirmed that 60 million A shares held by Haikou Food Ltd has transferred to Haikou Agriculture,
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司公限有份股心中游旅海东大南海 2012 文全告报度年半年
Industry & Trade (Luoniushan) Co., Ltd. After this transfer, Haikou Agriculture, Industry & Trade (Luoniushan)
Co., Ltd. held 60 million A shares and account for 16.48% of the Company, be the largest shareholder of the
Company. Ended as this reporting period, Haikou Agriculture & Industry & Trade (Luoniushan) Co., Ltd. holds
61190270 shares of the Company, a 16.81 percent in total share capital of the Company.
Haikou Agriculture & lndustry &Trade(LUONIUSHAN) Co., Ltd (stock abbreviation: Luoniushan, stock code:
000735) with Xu Zili as its legal representative; the founding date is Oct. 15, 1993; registering capital is RMB
880,132,000.00; registering address is No.50 Renmin Road, Haikou city; operation covers seeding breeding
industry, developing industry, operation of real estate developing, construction and decoration engineer,
manufacture and sales of fertilizer, processing and sales of agricultural products and feeds, accessories of
technical automobiles and motorcycles, electronic products, metallic materials (except for exclusive business),
chemical and industrial products (except for exclusive business), household appliances, modern office supplies,
document supplies, daily-use articles, food, construction materials, sales of agricultural specialties, restaurant
industry, development and construction of trading market and leasing services.( Licensing apply for items with
administrative licensing required)
(3) Block diagram of property rights and controlling relationship between the Company and
actual controller
(4) Actual controller controlling the Company by means of entrust or other assets
management
□applicable √Non-applicable
4. Other legal person’s shareholders with over ten percent shares held
□applicable √Non-applicable
(IV) Convertible bonds
□applicable √Non-applicable
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司公限有份股心中游旅海东大南海 2012 文全告报度年半年
V. Directors, Supervisors and Senior Executives
(I) Changes of shares held by directors, supervisors and senior executive
Whether
Amount of received
Amount of Amount of
Shares shares Shares held Including: remuneration
shares stock option
held at decreased at restricted Reasons for from
Name Title Sex Age Office dated from Office dated ended increase in held at
period-be in this period-end shares held changes shareholders’
this period-end
gin(Share) period (Share) (Share) unit or other
period(Share) (Share)
(Share) related unit
or not
Li Yuanbin Chairman& GM M 62 2011-06-16 2014-06-16 0 0 0 0 0 0- No
Chen Rijin Independent Director M 67 2011-06-16 2014-06-16 0 0 0 0 0 0- No
Li
Independent Director M 66 2011-06-16 2014-06-16 0 0 0 0 0 0- No
Guangzhong
Feng Da’an Independent Director M 65 2011-06-16 2014-06-16 0 0 0 0 0 0- No
Li Wei Director M 51 2011-06-16 2014-06-16 0 0 0 0 0 0- No
Liu Juntao Director M 44 2011-06-16 2014-06-16 0 0 0 0 0 0- No
Huang
Supervisor M 43 2011-06-16 2014-06-16 0 0 0 0 0 0- No
Wencai
Li Zhi Supervisor M 32 2011-06-16 2014-06-16 0 0 0 0 0 0- No
Wang Jialing Supervisor F 46 2011-06-16 2014-06-16 0 0 0 0 0 0- No
Chen
Deputy GM& CFO M 48 2011-06-16 2014-06-16 0 0 0 0 0 0- No
Liurong
Wang
Secretary of the Board F 36 2011-06-16 2014-06-16 0 0 0 0 0 0- No
Hongjuan
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司公限有份股心中游旅海东大南海 2012 文全告报度年半年
Total -- -- -- -- -- -- --
Directors, supervisor and senior executives who awarded equity incentive in report period
□Applicable √Non-applicable
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司公限有份股心中游旅海东大南海 2012 文全告报度年半年
(II) Representation
Representation in shareholders’ unit
□Applicable √Non-applicable
Representation in other unit
□Applicable √Non-applicable
(III) Remuneration of directors, supervisors and senior executives
Subject to the articles of association, remuneration of directors and supervisors is determined
by general meeting, remuneration of senior management such as general manager, deputy
Decision making general manager, board secretary and financial principal is determined by the board. The
process for remuneration and examination committee of the board is responsible for reviewing the
remuneration of performance assessment standard and remuneration policy for directors and senior
directors, supervisors management. Based on the above, remuneration of directors and supervisors is implemented
and senior subject to review by the remuneration and examination committee, the board, the
management supervisory committee and general meeting; and remuneration of senior management is
implemented subject to review by the remuneration and examination committee and the
board.
Basis for 1. Remuneration standard for directors and supervisors is determined by the resolution on
determination of the adjustments to directors’ remuneration and resolution of adjustments to supervisor’s
remuneration of remuneration as approved at the 2006 annual general meeting;
directors, supervisors 2. Remuneration standard for senior management is determined by the resolution on
and senior adjustments to senior management’ remuneration as approved at the10th meeting of the 5th
management board held on 27 April 2008.
The Company has 11 directors, supervisors and senior management presently, and 5 of them
Actual payment of the
receive remuneration from the Company. As of 30 June 2012, the aggregate remuneration
remuneration of
received by directors, supervisors and senior management from the Company was
directors, supervisors
RMB565,300 (before tax), among which, senior management received RMB369,600, and
and senior
directors, supervisors and independent directors received RMB 195,700 (before tax). Such
management
remuneration was paid month by month.
(IV) Changes of directors, supervisors and senior executives
Nil
(V) Staff of the Company
Person on-jobs 165
Retirement person whose charges undertake by the
0
Company
Professional categories
Types of professional category Numbers of professional category
Production staff 106
Salesman 5
Technician 18
Financial staff 21
Administration staff 15
Education background
Type of education background Numbers (people)
Master 1
Undergraduate 10
Junior college 21
High school and below 133
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司公限有份股心中游旅海东大南海 2012 文全告报度年半年
Explanation of staff
No charges of retired employees bear by the Company
VI. Report of the Board
(I) Management discussion and analysis
Reasons: gradual recovery of tourism market in Hainan, no affects from renovation as compared to the same
period of last year, and stronger competitiveness of hotel operation after relevant renovation. During the reporting
period, the Company recorded main operating income of RMB20,425,600, representing an increase of
RMB1,957,600 or 10.6% as compared to the same period of last year; operating profit of RMB 628,900,
representing an increase of RMB2,509,600 or 133.44% as compared to the same period of last year; non-operating
net income of RMB156,900, representing a decrease of RMB88,700 or 36.12% as compared to the same period of
last year; net profit of RMB589,400, representing an increase of RMB2,224,500 or 136.05% as compared to the
same period of last year.
The actual operation results differs 20% or above from the profit forecast of operation plan which has been
publicly disclosed, or not:
□ Yes √ No □ Non-applicable
Operation and results analysis of main subsidiaries and associates of the Company
Nil
All risk factors which may adversely affect the Company’s future development strategy and operation
target
1. Macro policy risk: the core business of the Company is tourism service. To standardize and improve tourism
market condition, relevant national authorities may issue certain policies, the release of which may limit and affect
development of local tourism and thus affect the Company’s main operating income.
2. Natural disaster risk: in recent years, kinds of natural disasters have frequently occurred globally. Hainan Island
falls within the region of ocean climate, where natural disasters are especially frequent in summer. If typhoon
arrives land just in Sanya, the Company’s facilities may be destroyed significantly, which in turn influence its
normal operation.
3. Human resource risk: professional in hotel sales and management is in increasing need as tourism industry
continuously expands and develops. Besides, due to the relatively high liquidity of hotel professionals, human
resources strategy seems so important to the Company. Though the Company has relatively healthy human
resource system, it still faces risk of losing professionals, which in turn limits its development.
4. Business risk: the major operation of the Company is operation of a hotel with no great scale. The single
operation, limited operation scope, change in tourism market and number of visitors directly affect its results to
certain extent.
1. Main business and operations
(1)Statement of main business classified according to industries and products
Unit: RMB
Increase or Increase or
Increase or
decrease of decrease of
Classified decrease of
operating gross profit
according to Operating Gross profit operating cost
Operating cost revenue over ratio over the
industries or revenue ratio (%) over the last
the last same last same
products same period of
period of last period of last
last year (%)
year (%) year (%)
According to industries
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司公限有份股心中游旅海东大南海 2012 文全告报度年半年
Tourism diet
20,425,639.30 3,022,082.13 85.2% 10.6% -10.94% 3.58%
service
According to products
Guest room 15,662,395.50 5,168.33 99.97% 14.4% -41.18% 0.03%
Food &
4,763,243.80 3,016,913.80 36.66% -0.35% -10.87% 7.47%
beverage
Explanation on main business classified according to industries and products
Nil
Explanation on major changes of gross profit over same period of last year
Nil
(2) Main business classified according to areas
Unit: RMB
Increase/decrease in revenue from
Areas Operating revenue operations over the same period of
last year (%)
Hainan Province 20,425,639.30 10.6%
Explanation on main business according to areas
Nil
Explanation on main business institution
Nil
(3) Explanation on reasons of material changes in main operations and its structure
□Applicable √Non-applicable
(4) Explanation on reasons of material changes in profitability (gross profit ratio) of main
operations compared with that of last year
□Applicable √Non-applicable
(5) Analysis on reasons of material changes in profit structure compared with the previous
year
□Applicable √Non-applicable
(6) Business nature, main products or service as well as net profit for stock jointly enterprises
who take over 10% of the net profit
□Applicable √Non-applicable
(7) Problems and difficulties in operation
Main business of the Company is the Hotel with small scale, a single main business, small scale and has limited in business scope;
the Company has no a stable industrial.
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司公限有份股心中游旅海东大南海 2012 文全告报度年半年
2. Internal control mechanism related with fair-value measurement
□Applicable √Non-applicable
3. Foreign currency financial assets and financial liabilities held
□Applicable √Non-applicable
(II) Investment of the Company
1. General Application of the raised proceeds
□Applicable √Non-applicable
2. Commitments on projects of raised funds
□Applicable √Non-applicable
3. Changes of projects of raised funds
□Applicable √Non-applicable
4. Investment on major projects of non-raised funds
□Applicable √Non-applicable
(III) The modification of Board to the business plan for the second half of the year
□Applicable √Non-applicable
(IV) Prediction of business performance from January – September 2012
Estimation on 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 on reason
□Applicable √Non-applicable
(V) Explanation on “Qualified Opinion” from the Certified Public Accountants in the report
period by the Board of Directors
□Applicable √Non-applicable
(VI) Explanation of the Management on changes and disposal of the issues involved in
“Qualified Opinion” from the Certified Public Accountants in the last year by the Board of
Directors
√ Applicable □ Non-applicable
During the reporting period, the Company vigorously expanded domestic and overseas tourism market by virtue
of the unique geographical benefits of the hotel, and further increased market share with more resources allocation
in marketing promotion. Meanwhile, the Company improved its repayment ability and its main financial operating
indicators through a series of operation management measure such as reducing costs and increasing financing
channels. The emphasized issues of the Company will be eliminated gradually.
(VII)Stating the discussion results issued by the Board on changes in the Company’s
accounting policies and accounting estimates or reasons for material accounting error
correction and influences thereof
□ Applicable √ Non-applicable
15
司公限有份股心中游旅海东大南海 2012 文全告报度年半年
(VIII) Determination and implementation of cash dividend policies of the Company
Pursuant to the notice on further implementing cash distribution issues of listed company (ZJF No.37(2012)) issue
by the CSRC, the Company amended its articles of association in respect of cash distribution terms based on its
operation development. The Company held the 6th meeting of the 7th board and the 6th meeting of the 7th
supervisory committee on 6 August 2012 respectively to consider the aforesaid amendment, and three independent
directors also issued independent opinions on its profit distribution policy which was submitted to the 1st
extraordinary general meeting 2012 held on 22 August 2012 to consider and approve. Details about the cash
distribution policy prepared by the Company were available in the announcement relating to the resolution of the
6th meeting of the 7th board of Hainan Dadonghai Tourism Centre (Holdings) Co., Ltd. dated 7 August 2012.
(IX) Plan of profit distribution or capital reserve capitalizing
□Applicable √Non-applicable
(X) Positive retained profit accumulated at end of 2011 without cash distribution carried out
□Applicable √Non-applicable
(XI) Other events disclosed
Nil
(XII) Liabilities, credit changes and cash arrangement for debt paying in later year (Only
applies to listed company with corporate convertible bonds offered)
□Applicable √Non-applicable
VII. Significant Event
(I)Corporate governance
During the reporting period, the Company continued to improve its internal control system and standardize
various operation management pursuant to the Company Law, Securities Law, Governance Principles of Listed
Company and relevant laws and regulations; In future, the Company will continue to improve its corporate
governance structure, enhance operation level, maintain legal interests of its shareholders, especially minority
shareholders, so as to promote constant, healthy and stable development.
(II) Implementation of profit distribution plan, capital reserve capitalizing or shares offering
that plan out previously and carry out in this reporting period
□Applicable √Non-applicable
(III) Material lawsuits and arbitrations
□Applicable √Non-applicable
No material lawsuits and arbitrations occurred in this period
16
司公限有份股心中游旅海东大南海 2012 文全告报度年半年
(IV) Related event of bankruptcy reorganization
□Applicable √Non-applicable
(V) Equity of other listed company and stock jointly financial enterprise held by the Company
1. Security investment
□Applicable √Non-applicable
2. Equity of other listed company held by the Company
□Applicable √Non-applicable
3. Equity of non-listed financial enterprise held by the Company
□Applicable √Non-applicable
4. Buying and selling shares of other listed company
□Applicable √Non-applicable
(VI) Assets transaction
1. Assets purchased or acquired
□Applicable √Non-applicable
2. Assets sold
□Applicable √Non-applicable
3. Assets replacement
□Applicable √Non-applicable
4. Business combination
□Applicable √Non-applicable
5. Progress of the events and their influence on the Company’s operating results and
financial status in the report period after the Report on Assets Restructure or Public Notice
on Acquisition and Sales of Assets being published
□Applicable √Non-applicable
(VII) Explanation on shareholding increase proposed or implemented by largest shareholder
of the Company and its persons acting in concert in reporting period
□Applicable √Non-applicable
(VIII) Implementation and its influence of equity incentive
□Applicable √Non-applicable
17
司公限有份股心中游旅海东大南海 2012 文全告报度年半年
(IX) Significant related transaction
1. Related transaction related to daily operation
√Applicable □Non-applicable
Reasons of
major
Related Related Proportion in
Content of Clearing form Influence of Market difference
Type of related Pricing transaction transaction similar
Related party Relationship related for related profit of the price(10 between
transaction principle price (10 amount (10 transactions
transaction transaction Company thousand yuan) trading price
thousand yuan) thousand yuan) (%)
and market
reference price
Haikou
First
Agriculture &
largest Labor service Accommodatio
Industry & Trade Market price 24.76 24.76 1.21% Bank transfer No influence 24.76 N/A
shareholde received n
(Luoniushan) Co.,
r
Ltd.
Total -- -- -- -- -- --
Details of major sold-goods return N/A
Necessity and sustainable of related transaction as well as reasons
The company familiar with the service quality of the hotel, which can provide a first-rate service to customers; and charges in a
of related transaction with related parties(not with other marketing
reasonable market price.
dealers)
Influence on independence of listed company from related
N/A
transaction
Dependence on related parties by Company as well as relevant
N/A
solutions (If applicable)
Actual implementation of those amount that predicted in this
N/A
period by category for daily related transaction
Explanation on related transactions N/A
Related transactions concerned with routine operations
18
司公限有份股心中游旅海东大南海 2012 文全告报度年半年
Selling products and providing labor service to related party Purchasing commodity and accepting labor service from related party
Related party Proportion in similar transactions Proportion in similar transactions
Trading amount(10 thousand yuan) Trading amount(10 thousand yuan)
amount (%) amount (%)
Haikou Agriculture & Industry & Trade
24.76 1.21%
(Luoniushan) Co., Ltd.
Total 24.76 1.21%
Of which: in reporting period, RMB 247,600 was arising from related transaction by selling commodity to controlling shareholders and its subsidiary or providing labor
service.
2. Related transaction incurred by purchase or sales of assets
□Applicable √Non-applicable
3. Significant related transaction from jointly investment outside
√Applicable □Non-applicable
Register capital of Net profit of Progress of material
Investor jointly Main business of invested enterprise Assets of invested invested construction in process
Relate relationship Enterprise invested Currency
investment invested enterprise (10 thousand enterprise enterprise(10 from invested
yuan) thousand yuan) enterprise
First largest shareholders of
Haikou Agriculture & Total assets: 40,472,059.13
Hainan Luoniushan Hainan Luoniushan Agriculture
Industry & Trade Yuan
Holding Group Co., Agriculture development, 2,900 CNY 253,882.79Yuan N/A
(Luoniushan) Co., Ltd., the Net assets:
Ltd. Technology Co., Ltd. planting
first largest shareholder of 29139859.13Yuan
the Company
Explanations:
Found more details in “Notice of Related Jointly Investment outside” released on Securities Times, Hong Kong Commercial Daily and Juchao Website (http://www.cninfo.com.cn) dated 19 May 2012
4. Current related liabilities and debts
√Applicable □Non-applicable
19
司公限有份股心中游旅海东大南海 2012 文全告报度年半年
Weather there is current related liabilities and debts
√yes □no
Funds offer to listed company by related parties(10 thousand
Funds offered to related parties(10 thousand yuan)
yuan)
Related parties Relationship
Balance at Occurred Amount Balance at Interest Interest Balance at Occurred Amount Balance at Interest Interest
period-begin amount paid period-end earned cost period-begin amount paid period-end earned cost
Non-operating
Subtotal
Operating
Haikou Agriculture & Industry & Trade First largest
80 23.47 23.47 56.53 0 0
(Luoniushan) Co., Ltd. shareholder
Subtotal 80 23.47 23.47 56.53 0 0
Total 80 23.47 23.47 56.53 0 0
Funds offered to controlling shareholders and its subsidiary by the
0
Company in report period (10 thousand yuan)
Including: Non-operating amounts incurred(10 thousand yuan) 0
Balance of funds offered to controlling shareholders and its
0
subsidiary by the Company(10 thousand yuan)
Including: Non-operating balance (10 thousand yuan) 0
Reasons of related liabilities and debts 无
Liquidation of related liabilities and debts 无
Commitments concerned with related liabilities and debts 无
Influence on business performance and financial status of the
Company from related liabilities and debts
无
20
司公限有份股心中游旅海东大南海 2012 文全告报度年半年
Fund occupation and progress of paying off
□Applicable √Non-applicable
Till end of reporting period, accountability plan proposed by the Board for completed no non-operational fund occupation from listed
company
□Applicable √Non-applicable
21
司公限有份股心中游旅海东大南海 2012 文全告报度年半年
5. Other significant related transaction
Nil
(X) Significant contracts and its implementation
1. Profits earned from trusteeship, contract and lease reached over 10% (10% included) of
total profit in this period
(1) Trusteeship
□Applicable √Non-applicable
(2) Contract
□Applicable √Non-applicable
(3) Lease
□Applicable √Non-applicable
2. Guarantees
□Applicable √Non-applicable
3. Trust financing
□Applicable √Non-applicable
4. Implementation of material contracts entered into during the normal operation
Nil
5. Other significant contract
□Applicable √Non-applicable
(XI) Explanation on corporate bonds offering
□Applicable √Non-applicable
22
司公限有份股心中游旅海东大南海 2012 文全告报度年半年
(XII) Implementation of commitments
1. Commitments made by the Company or shareholders holding above 5% shares of the
Company in reporting period or extending to reporting period.
√Applicable □Non-applicable
Commitme
Commitments Accepter Contents Commitment date Implementation
nt term
Found in VI (II) Part of them
The Company
of “X Significant In an implemented
or shareholders
Share Merger Reform Event” in full text 2007-06-20 appropriate and part of them
with over 5%
of annual report time still not
shares held
2011 completed
Commitments in report of acquisition or Non-applic
Non-applicable Non-applicable Non-applicable
equity change able
Non-applic
Commitments in assets replacement Non-applicable Non-applicable Non-applicable
able
Non-applic
Commitments made in issuing Non-applicable Non-applicable Non-applicable
able
Other commitments for medium and small Non-applic
Non-applicable Non-applicable Non-applicable
shareholders able
Completed on time or not □ Yes □ No √Non-applicable
Detail reasons for un-complement and
Non-applicable
further plan
Whether made a promise to horizontal
competition and related transactions that □ Yes □ No √Non-applicable
resulted or not
Solution term promised Non-applicable
Solution way Non-applicable
Complementation Non-applicable
2. Explanation on assets or projects that reached the original profit forecast as well as its
reasons while the reporting period still in forecast period, and there are profit forecast on
assets or projects of the Company
□Applicable √Non-applicable
(XIII) Items of other consolidated income
Unit: RMB
Items This period Last period
1. Gains(losses) from financial assets available for sales
Less: Income tax influences from financial assets available
for sales
Net amount reckoned into other consolidated income in
previous period but transferred into gains/losses in current
period
Subtotal
23
司公限有份股心中游旅海东大南海 2012 文全告报度年半年
2. Shares in the other consolidated income of the investee
calculated based on equity method
Less: Income tax influences of shares in the other
consolidated income of the investee calculated based on
equity method
Net amount reckoned into other consolidated income in
previous period but transferred into gains/losses in current
period
Subtotal
3. Gains(losses) from cash flow hedge instrument
Less: Income tax influences from cash flow hedge
Net amount reckoned into other consolidated income in
previous period but transferred into gains/losses in current
period
Adjusted amount transferred to initial confirmed amount of
the arbitraged items
Subtotal
4. Differences from translating foreign currency financial
statements
Less: Net amount of disposing overseas business transferred
to current gains/losses
Subtotal
5. Others
Less: Income tax influences by others reckoned into other
consolidated income
Net amount reckoned into other consolidated income in
previous period but transferred into gains/losses in current
period
Subtotal
Total 0.00 0.00
(XIV)Registration form of receiving research, communication and interview in the report
period
Nil
(XV) Engagement and non-reappointment of CPA
Whether the semi-annual report was audited or not
□ Yes √ No □ non-applicable
Whether re-engaged the CPA or not
□ Yes √ No □ non-applicable
(XVI) Punishment and rectification for listed company and its directors, supervisor, senior
executives, shareholders of the Company, actual controller and purchasers
□Applicable √Non-applicable
(XVII) Explanation on other significant events
□Applicable √Non-applicable
24
司公限有份股心中游旅海东大南海 2012 文全告报度年半年
(XVIII) Major changes of profitability of turn debt guarantor, assets status and credit
standings
□Applicable √Non-applicable
(XIX) Index for information disclosure
Matters Newspaper and version Date Network and search path
D18 version of
Notice on release of sales
Securities Times, and
restriction for shares subject 5 January 2012 http://www.cninfo.com.cn
A10 version of Hong
to sales restriction
Kong Commerce
C12 version of
Announcement relating to Securities Times, and
9 January 2012 http://www.cninfo.com.cn
2011 annual profit forecast A19 version of Hong
Kong Commerce
Announcements relating to D131 version of
resolution of the 2nd Securities Times, and
30 March 2012 http://www.cninfo.com.cn
extraordinary meeting of the A20 version of Hong
7th board Kong Commerce
Announcements relating to
resolution of the 4th meeting of
the 7th board, resolution of the
4th meeting of the 7th
supervisory committee,
D139 version of
opinions of independent
Securities Times, and
directors on the 4th meeting of 26 April 2012 http://www.cninfo.com.cn
A26 version of Hong
the 7th board, notice on holding
Kong Commerce
the 2011 annual general
meeting
, summary of 2011 annual
report, and the 1st quarterly
report of 2012.
D43 version of
Announcement relating to Securities Times, and
4 May 2012 http://www.cninfo.com.cn
abnormal shares trading A17 version of Hong
Kong Commerce
Announcements relating to
resolution of the 3rd
B33 version of
extraordinary meeting of the
Securities Times, and
7th board, the external related 19 May 2012 http://www.cninfo.com.cn
A4 version of Hong
investment and the resolution
Kong Commerce
of the 2011 annual general
meeting
C7 version of
Announcement relating to Securities Times, and
27 June 2012 http://www.cninfo.com.cn
abnormal shares trading A11 version of Hong
Kong Commerce
VIII. Financial Report
(I) Auditing report
Audited the semi-annual report or not
□ Yes √No □ Non-applicable
25
司公限有份股心中游旅海东大南海 2012 文全告报度年半年
(II) Financial statement
Whether consolidated statement or not:
□ Yes √No □ Non-applicable
Unless otherwise, currency for this statement refers to RMB (Yuan)
Currency used in note of financial statement is RMB (Yuan)
1. Consolidated Balance Sheet
Prepared by Hainan Dadonghai Tourism Centre (Holdings) Co., Ltd
Unit: RMB
Items Note Balance at period-end Balance at period-begin
Current assets:
Monetary funds 2,547,675.25 12,374,582.48
Settlement provisions
Capital lent
Transaction finance asset
Notes receivable
Accounts receivable 1,534,733.83 1,174,352.45
Accounts paid in advance 196,959.03 376,368.53
Insurance receivable
Reinsurance receivables
Contract reserve of reinsurance
receivable
Interest receivable
Dividend receivable
Other receivables 954,944.11 467,419.30
Purchase restituted finance asset
Inventories 287,841.29 624,519.07
Non-current asset due within one
year
Other current assets 810,900.00 810,900.00
Total current assets 6,333,053.51 15,828,141.83
Non-current assets:
Granted loans and advances
Finance asset available for sales
Held-to-maturity investment
Long-term account receivable
Long-term equity investment 9,043,398.28
Investment real estate
Fixed assets 68,348,929.00 71,010,730.88
Construction in progress
Engineering material
Disposal of fixed asset
Productive biological asset
Oil and gas asset
Intangible assets 29,391,935.58 29,826,299.16
Expense on Research and
26
司公限有份股心中游旅海东大南海 2012 文全告报度年半年
Development
Goodwill
Long-term expenses to be
1,174,338.89 1,371,602.93
apportioned
Deferred income tax asset
Other non-current asset
Total non-current asset 107,958,601.75 102,208,632.97
Total assets 114,291,655.26 118,036,774.80
Current liabilities:
Short-term loans
Loan from central bank
Absorbing deposit and interbank
deposit
Capital borrowed
Transaction financial liabilities
Notes payable
Accounts payable 2,113,382.09 3,872,102.24
Accounts received in advance 1,219,616.45 3,646,722.01
Selling financial asset of
repurchase
Commission charge and
commission payable
Wage payable 4,182,853.36 3,550,106.28
Taxes payable -1,308,246.93 -963,476.59
Interest payable
Dividend payable
Other accounts payable 25,509,508.22 25,946,195.04
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 31,717,113.19 36,051,648.98
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 0.00 0.00
Total liabilities 31,717,113.19 36,051,648.98
27
司公限有份股心中游旅海东大南海 2012 文全告报度年半年
Owner’s equity (or shareholders’
equity):
Paid-up capital (or share capital) 364,100,000.00 364,100,000.00
Capital public reserve 54,142,850.01 54,142,850.01
Less: Inventory shares
Reasonable reserve
Surplus public reserve
Provision of general risk
Retained profit -335,668,307.94 -336,257,724.19
Balance difference of foreign
currency translation
Total owner’s equity attributable to
82,574,542.07 81,985,125.82
parent company
Minority interests
Total owner’s equity(or
82,574,542.07 81,985,125.82
shareholders’ equity)
Total liabilities and owner’s
114,291,655.26 118,036,774.80
equity(or shareholders’ equity)
Legal representative: Li Yuanbin
Person in charge of accounting works: Chen Liurong
Person in charge of accounting institution: Li Zhi
2. Balance Sheet of parent company
Unit: RMB
Items Note Balance at period-end Balance at period-begin
Current assets:
Monetary funds 2,547,675.25 12,374,582.48
Transaction finance asset
Notes receivable
Accounts receivable 1,534,733.83 1,174,352.45
Accounts paid in advance 196,959.03 376,368.53
Interest receivable
Dividend receivable
Other receivables 954,944.11 467,419.30
Inventories 287,841.29 624,519.07
Non-current asset due within one
year
Other current assets 810,900.00 810,900.00
Total current assets 6,333,053.51 15,828,141.83
Non-current assets:
Finance asset available for sales
Held-to-maturity investment
Long-term account receivable
Long-term equity investment 9,043,398.28
Investment real estate
Fixed assets 68,348,929.00 71,010,730.88
28
司公限有份股心中游旅海东大南海 2012 文全告报度年半年
Construction in progress
Engineering material
Disposal of fixed asset
Productive biological asset
Oil and gas asset
Intangible assets 29,391,935.58 29,826,299.16
Expense on Research and
Development
Goodwill
Long-term expenses to be
1,174,338.89 1,371,602.93
apportioned
Deferred income tax asset
Other non-current asset
Total non-current asset 107,958,601.75 102,208,632.97
Total assets 114,291,655.26 118,036,774.80
Current liabilities:
Short-term loans
Transaction financial liabilities
Notes payable
Accounts payable 2,113,382.09 3,872,102.24
Accounts received in advance 1,219,616.45 3,646,722.01
Wage payable 4,182,853.36 3,550,106.28
Taxes payable -1,308,246.93 -963,476.59
Interest payable
Dividend payable
Other accounts payable 25,509,508.22 25,946,195.04
Non-current liabilities due within 1
year
Other current liabilities
Total current liabilities 31,717,113.19 36,051,648.98
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 0.00 0.00
Total liabilities 31,717,113.19 36,051,648.98
Owner’s equity (or shareholders’
equity):
Paid-up capital (or share capital) 364,100,000.00 364,100,000.00
Capital public reserve 54,142,850.01 54,142,850.01
29
司公限有份股心中游旅海东大南海 2012 文全告报度年半年
Less: Inventory shares
Reasonable reserve
Surplus public reserve
Provision of general risk
Retained profit -335,668,307.94 -336,257,724.19
Balance difference of foreign
currency translation
Total owner’s equity(or
82,574,542.07 81,985,125.82
shareholders’ equity)
Total liabilities and owner’s
114,291,655.26 118,036,774.80
equity(or shareholders’ equity)
3. Consolidated Profit Statement
Unit: RMB
Amount in this
Items Note Amount in last period
period
I. Total operating income 20,425,639.30 18,467,961.40
Including: Operating income 20,425,639.30 18,467,961.40
Interest income
Insurance gained
Commission charge and commission income
II. Total operating cost 19,800,621.64 20,348,700.91
Including: Operating cost 3,022,082.13 3,393,494.71
Interest expense
Commission charge and commission expense
Cash surrender value
Net amount of expense of compensation
Net amount of withdrawal of insurance contract
reserve
Bonus expense of guarantee slip
Reinsurance expense
Operating tax and extras 1,143,835.82 1,034,205.87
Sales expenses 8,445,611.25 8,432,637.28
Administration expenses 7,031,751.32 7,291,271.27
Financial expenses 157,341.12 197,091.78
Losses of devaluation of asset
Add: Changing income of fair value(Loss is
listed with “-”)
Investment income (Loss is listed with “-”) 3,932.08
Including: Investment income on affiliated
company and joint venture
Exchange income (Loss is listed with “-”)
III. Operating profit (Loss is listed with “-”) 628,949.74 -1,880,739.51
Add: Non-operating income 158,112.05 245,606.60
Less: Non-operating expense 1,173.46
Including: Disposal loss of non-current asset
30
司公限有份股心中游旅海东大南海 2012 文全告报度年半年
IV. Total Profit (Loss is listed with “-”) 785,888.33 -1,635,132.91
Less: Income tax expense 196,472.08
V. Net profit (Net loss is listed with “-”) 589,416.25 -1,635,132.91
Including: net profit realized before
consolidation by mergered party
Net profit attributable to owner’s of parent
589,416.25 -1,635,132.91
company
Minority shareholders’ gains and losses
VI. Earnings per share -- --
i. Basic earnings per share 0.0016 -0.0045
ii. Diluted earnings per share 0.0016 -0.0045
VII. Other consolidated income
VIII. Total comprehensive income 589,416.25 -1,635,132.91
Total consolidated income attributable to
589,416.25 -1,635,132.91
owners of parent company
Total consolidated income attributable to
minority shareholders
The merger realized net profit RMB 0.00 before consolidation during enterprises consolidation under a same control.
Legal representative: Li Yuanbin
Person in charge of accounting works: Chen Liurong
Person in charge of accounting institution: Li Zhi
4. Profit Statement of parent company
Unit: RMB
Amount in this
Items Note Amount in last period
period
I. Operating income 20,425,639.30 18,467,961.40
Less: operating cost 3,022,082.13 3,393,494.71
Operating tax and extras 1,143,835.82 1,034,205.87
Sales expenses 8,445,611.25 8,432,637.28
Administration expenses 7,031,751.32 7,291,271.27
Financial expenses 157,341.12 197,091.78
Losses of devaluation of asset
Add: Changing income of fair value(Loss is
listed with “-”)
Investment income (Loss is listed with “-”) 3,932.08
Including: Investment income on affiliated
company and joint venture
II. Operating profit (Loss is listed with “-”) 628,949.74 -1,880,739.51
Add: Non-operating income 158,112.05 245,606.60
Less: Non-operating expense 1,173.46
Including: Disposal loss of non-current asset
III. Total Profit (Loss is listed with “-”) 785,888.33 -1,635,132.91
Less: Income tax expense 196,472.08
IV. Net profit (Net loss is listed with “-”) 589,416.25 -1,635,132.91
V. Earnings per share -- --
i. Basic earnings per share 0.0016 -0.0045
31
司公限有份股心中游旅海东大南海 2012 文全告报度年半年
ii. Diluted earnings per share 0.0016 -0.0045
VI. Other consolidated income
VII. Total comprehensive income 589,416.25 -1,635,132.91
5. Consolidated Cash Flow Statement
Unit: RMB
Item Amount in this period Amount in last period
I. Cash flows arising from operating activities:
Cash received from selling commodities and
18,598,896.91 16,854,699.00
providing labor services
Net increase of customer deposit and interbank
deposit
Net increase of loan from central bank
Net increase of capital borrowed from other
financial institution
Cash received from original insurance contract fee
Net cash received from reinsurance business
Net increase of insured savings and investment
Net increase of disposal of transaction financial
asset
Cash received from interest, commission charge and
commission
Net increase of capital borrowed
Net increase of returned business capital
Write-back of tax received
Other cash received concerning operating activities 408,740.79 166,332.89
Subtotal of cash inflow arising from operating
19,007,637.70 17,021,031.89
activities
Cash paid for purchasing commodities and receiving
8,041,224.53 5,661,336.69
labor service
Net increase of customer loans and advances
Net increase of deposits in central bank and
interbank
Cash paid for original insurance contract
compensation
Cash paid for interest, commission charge and
commission
Cash paid for bonus of guarantee slip
Cash paid to/for staff and workers 5,830,106.47 5,067,486.89
Taxes paid 2,303,874.32 1,645,763.83
Other cash paid concerning operating activities 3,116,591.71 4,201,173.86
Subtotal of cash outflow arising from operating
19,291,797.03 16,575,761.27
activities
Net cash flows arising from operating activities -284,159.33 445,270.62
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
3,920.00 7,390.00
and other long-term assets
32
司公限有份股心中游旅海东大南海 2012 文全告报度年半年
Net cash received from disposal of subsidiaries
and other units
Other cash received concerning investing activities
Subtotal of cash inflow from investing activities 3,920.00 7,390.00
Cash paid for purchasing fixed, intangible and other
546,667.90 1,279,210.00
long-term assets
Cash paid for investment 9,000,000.00
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 9,546,667.90 1,279,210.00
Net cash flows arising from investing activities -9,542,747.90 -1,271,820.00
III. Cash flows arising from financing activities
Cash received from absorbing investment
Including: Cash received from absorbing minority
shareholders’ investment by subsidiaries
Cash received from loans
Cash received from issuing bonds
Other cash received concerning financing activities
Subtotal of cash inflow from financing activities 0.00 0.00
Cash paid for settling debts
Cash paid for dividend and profit distributing or
44,000.00
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 0.00 44,000.00
Net cash flows arising from financing activities 0.00 -44,000.00
IV. Influence on cash and cash equivalents due to
fluctuation in exchange rate
V. Net increase of cash and cash equivalents -9,826,907.23 -870,549.38
Add: Balance of cash and cash equivalents at the
12,374,582.48 3,104,278.19
period -begin
VI. Balance of cash and cash equivalents at the
2,547,675.25 2,233,728.81
period -end
6. Cash Flow Statement of parent company
Unit: RMB
Item Amount in this period Amount in last period
I. Cash flows arising from operating activities:
Cash received from selling commodities and providing
18,598,896.91 16,854,699.00
labor services
Write-back of tax received
Other cash received concerning operating activities 408,740.79 166,332.89
Subtotal of cash inflow arising from operating activities 19,007,637.70 17,021,031.89
Cash paid for purchasing commodities and receiving labor
8,041,224.53 5,661,336.69
service
33
司公限有份股心中游旅海东大南海 2012 文全告报度年半年
Cash paid to/for staff and workers 5,830,106.47 5,067,486.89
Taxes paid 2,303,874.32 1,645,763.83
Other cash paid concerning operating activities 3,116,591.71 4,201,173.86
Subtotal of cash outflow arising from operating activities 19,291,797.03 16,575,761.27
Net cash flows arising from operating activities -284,159.33 445,270.62
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
3,920.00 7,390.00
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 3,920.00 7,390.00
Cash paid for purchasing fixed, intangible and other
546,667.90 1,279,210.00
long-term assets
Cash paid for investment 9,000,000.00
Net cash received from subsidiaries and other units
Other cash paid concerning investing activities
Subtotal of cash outflow from investing activities 9,546,667.90 1,279,210.00
Net cash flows arising from investing activities -9,542,747.90 -1,271,820.00
III. Cash flows arising from financing activities
Cash received from absorbing investment
Cash received from loans
Cash received from issuing bonds
Other cash received concerning financing activities
Subtotal of cash inflow from financing activities 0.00 0.00
Cash paid for settling debts
Cash paid for dividend and profit distributing or interest
44,000.00
paying
Other cash paid concerning financing activities
Subtotal of cash outflow from financing activities 0.00 44,000.00
Net cash flows arising from financing activities 0.00 -44,000.00
IV. Influence on cash and cash equivalents due to
fluctuation in exchange rate
V. Net increase of cash and cash equivalents -9,826,907.23 -870,549.38
Add: Balance of cash and cash equivalents at the period
12,374,582.48 3,104,278.19
-begin
VI. Balance of cash and cash equivalents at the period -end 2,547,675.25 2,233,728.81
7. Consolidated Statement on Changes of Owners' Equity
Amount in this period
Unit: RMB
Amount in this period
Items Owners' equity attributable to the parent company Min Total owners’
Paid-up capital Capital Less: Paid Capi Less: Paid-up capital C ority equity
34
司公限有份股心中游旅海东大南海 2012 文全告报度年半年
(Share capital) reserves Treas -up tal Treas (Share capital) a ’s Paid-up
ury capit reser ury equit capital (Share
Stoc al ves Stoc pi y capital)
k (Sha k ta Less
re :
capit l Trea
al) re sury
Stoc
se k
rv
es
I. Balance at the end of last year 364,100,000.00 54,142,850.01 -336,257,724.19 81,985,125.82
Add: Changes of accounting
policy
Error correction of the last period
Others
II. Balance at the beginning of
364,100,000.00 54,142,850.01 -336,257,724.19 81,985,125.82
this year
III. Increase/ Decrease in this
589,416.25 589,416.25
year (Decrease is listed with'"-")
(i) Net profit 589,416.25 589,416.25
(ii) Other consolidated income
Subtotal of (i)and (ii) 589,416.25 589,416.25
(III) Owners' devoted and
0 0 0 0 0 0 0 0 0 0
decreased capital
1. Owners' devoted capital
2. Amount calculated into
owners' equity paid in shares
3. Others
(IV)Profit distribution 0 0 0 0 0 0 0 0 0 0
1. Withdrawal of surplus reserves
2. Withdrawal of general risk
provisions
3. Distribution for owners
(shareholders)
4. Others
(V) Carrying forward internal
0 0 0 0 0 0 0 0 0 0
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. Others
(VI) Reasonable reserve
1. Withdrawal in this period
2. Usage in this period
(VII) Other
IV. Balance at the end of the
364,100,000.00 54,142,850.01 -335,668,307.94 82,574,542.07
report period
Amount in last period
Unit: RMB
35
司公限有份股心中游旅海东大南海 2012 文全告报度年半年
Amount in last period
Owners' equity attributable to the parent company
C Min
ority
Paid ap ’s
Less:
-up
Less: ita equit Total owners’
Items capit Capit y equity
Trea Treas Paid-up capital l
Paid-up capital Capital al al Less Paid-up
sury ury
(Share capital) reserves (Sha reser : capital (Share
Stoc Stoc (Share capital) re
re ves Trea capital)
k k se sury
capit
al) rv Stoc
k
es
I. Balance at the end of last year 364,100,000.00 54,142,850.01 -330,976,495.69 87,266,354.32
Add: retroactive adjustment
arising from enterprise
consolidation under the same
control
Add: Changes of accounting
policy
Error correction of the last period
Others
II. Balance at the beginning of
364,100,000.00 54,142,850.01 -330,976,495.69 87,266,354.32
this year
III. Increase/ Decrease in this
-5,281,228.50 -5,281,228.50
year (Decrease is listed with'"-")
(i) Net profit -5,281,228.50 -5,281,228.50
(ii) Other consolidated income
Subtotal of (i)and (ii) -5,281,228.50 -5,281,228.50
(III) Owners' devoted and
0 0 0 0 0 0 0 0 0 0
decreased capital
1. Owners' devoted capital
2. Amount calculated into
owners' equity paid in shares
3. Others
(IV)Profit distribution 0 0 0 0 0 0 0 0 0 0
1. Withdrawal of surplus reserves
2. Withdrawal of general risk
provisions
3. Distribution for owners
(shareholders)
4. Others
(V) Carrying forward internal
0 0 0 0 0 0 0 0 0 0
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. Others
(VI) Reasonable reserve
1.Withdrawal in this period
2.Usage in this period
(VII) Other
36
司公限有份股心中游旅海东大南海 2012 文全告报度年半年
IV. Balance at the end of the
364,100,000.00 54,142,850.01 -336,257,724.19 81,985,125.82
report period
8. Statement on Changes of Owners' Equity of Parent Company
Amount in this period
Unit: RMB
Amount in this period
Less: Rea Gen
Surpl
Item Trea sona eral
Paid-up capital Capital us Total owners’
sury ble risk Retained profit
(Share capital) reserves reser equity
Stoc rese reser
ves
k rve ve
I. Balance at the end of last year 364,100,000.00 54,142,850.01 -336,257,724.19 81,985,125.82
Add: Changes of accounting policy
Error correction of the last period
Others
II. Balance at the beginning of this year 364,100,000.00 54,142,850.01 -336,257,724.19 81,985,125.82
III. Increase/ Decrease in this year
589,416.25 589,416.25
(Decrease is listed with'"-")
(i) Net profit 589,416.25 589,416.25
(ii) Other consolidated income
Subtotal of (i)and (ii) 589,416.25 589,416.25
(III) Owners' devoted and decreased
capital
1. Owners' devoted capital
2. Amount calculated into owners' equity
paid in shares
3. Others
(IV) Profit distribution
1. Withdrawal of surplus reserves
2. Withdrawal of general risk reserve
3. Distribution for owners (shareholders)
4. Others
(V) 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
reserves
4. Others
(VI) Reasonable reserve
1. Withdrawal in this period
2. Usage in this period
(VII) Other
IV. Balance at the end of the report
364,100,000.00 54,142,850.01 -335,668,307.94 82,574,542.07
period
Amount in last year
Unit: RMB
37
司公限有份股心中游旅海东大南海 2012 文全告报度年半年
Amount in last year
Less
Rea Gene
: Surpl
Item sona ral
Paid-up capital Capital Trea us Total owners’
ble risk Retained profit
(Share capital) reserves sury reser equity
rese reser
Stoc ves
rve ve
k
I. Balance at the end of last year 364,100,000.00 54,142,850.01 -330,976,495.69 87,266,354.32
Add: Changes of accounting policy
Error correction of the last period
Others
II. Balance at the beginning of this year 364,100,000.00 54,142,850.01 -330,976,495.69 87,266,354.32
III. Increase/ Decrease in this year
-5,281,228.50 -5,281,228.50
(Decrease is listed with'"-")
(i) Net profit -5,281,228.50 -5,281,228.50
(ii) Other consolidated income
Subtotal of (i)and (ii) -5,281,228.50 -5,281,228.50
(III) Owners' devoted and decreased
0 0 0 0 0 0 0 0
capital
1. Owners' devoted capital
2. Amount calculated into owners' equity
paid in shares
3. Others
(IV) Profit distribution 0 0 0 0 0 0 0 0
1. Withdrawal of surplus reserves
3. Withdrawal of general risk reserve
3. Distribution for owners (shareholders)
4. Others
(V) Carrying forward internal owners'
0 0 0 0 0 0 0 0
equity
1. Capital reserves conversed to capital
(share capital)
2. Surplus reserves conversed to capital
(share capital)
3. Remedying loss with surplus
reserves
4. Others
(VI) Reasonable reserve
1. Withdrawal in this period
2. Usage in this period
(VII) Other
IV. Balance at the end of the report
364,100,000.00 54,142,850.01 -336,257,724.19 81,985,125.82
period
(III) Basic information
Hainan Dadonghai Tourism Center (Holdings) Co.,Ltd. (hereinafter referred to as the Company), was founded as a
standardized PLC on April 26, 1993, incorporated on the basis of the former Hainan Sanya Dadonghai Tourism
Center Development Ltd and approved by the Hainan Provincial Stock System Experimentation Leading Team
Office with its document of Qiong Gu Ban No. [1993]11. On May 6, 1996, the Company underwent a
restructuring and a corresponding division with the approval of the Hainan Provincial Securities Administration
Office by its document of Qiong Zheng Ban No. [1996]58. On October 8, 1996 and January 28, 1997, the
Company, with duly approval, went public by issuing 80 million shares of B stock and 14 million shares of A
stock respectively at Shenzhen Security Exchange. The Company mainly engages in tourism and the catering
industry. On August 7, 2007, the Company experienced non-tradable shares reform, through which non-tradable
38
司公限有份股心中游旅海东大南海 2012 文全告报度年半年
share holders of the Company got circulating right of their shares by exempting liability of the Company or
paying shares to tradable share holders, and tradable share holders got paid three shares for every ten of their
shares. After the above consideration of stock ration, the Company maintained an unchanged total shares with a
corresponding equity structural change.
Up till March 31, 2012, the Company’s total capital stock is 364.1 million shares, in which the restricted tradable
stock is 17,308,000 shares, accounting for 4.75% of the total, and the unrestricted tradable stock is 346,792,000
shares, accounting for 95.25 % of the total.The Company’s registered capital is RMB 364.1 million. The
registering code is 4600001003983.
The Company mainly engages in accommodation, catering industry, photography, miniature garden and bonsai,
grain and oil products, knitwear and textiles, department stores, chemical products (excluding those require
specialized licenses), daily goods, industrial production means (excluding those require specialized licenses),
metal materials, machinery and equipment, and tour ticket service (on an item-license basis).
(IV) Accounting Policies, Accounting Estimates and Errors of previous term
1. Basis Preparation of the Financial Statements
The Company prepares its financial statements on a going concern basis, on the basis of actual transactions and
events, and recognizes and measures its accounting items in compliance with the Accounting Standards for
Business Enterprises – Basic Standards, 38 specific Accounting Standards issued on February 15,2006 by
Ministry of Finance and thereafter Accounting Standard Application Guidance , Accounting Standard
Interpretation and other relevant rules; and The Information Disclosure and Presentation Rules of public listed
Company No. 15 – Basic Rules of Financial Statements ( 2010 revised) issued by China Securities Regulatory
Commission
2. Statement of compliance with Enterprise Accounting Standards
The financial statements present fairly, in all material respects, the financial position of the Company as at
December 31, 2011, and its financial performance and its cash flows for the year then ended in accordance with
Accounting Standards for Business Enterprises.
3. Accounting year
The accounting year is from January 1 to December
4. Functional currency
RMB is the functional currency, which is also adopted to denominate the amounts stated in the financial
statements.
Book-keeping currency for oversea subsidiary
Nil
5. Accounting treatment of the merging entities under common control and different control
(1) Merger of entities under common control
Nil
(2) Merger of entities under different control
Nil
6. Preparing method of consolidated financial statements
(1) Preparing method of consolidated financial statements
Nil
(2)Disclosure of related accounting method for buy-and-resell or sell-and-repurchase of equities in the same
subsidiary within two successive accounting years
Nil
7. Recognition criteria of cash and cash equivalents
For the purpose of preparing the statement of cash flows, the term “cash” refers to cash on hand and deposits that
are readily available for payment. The term “cash equivalents” refers to short-term (maturing within three months
on acquisition) and highly liquid investments that are readily convertible to known amounts of cash and which are
subject to an insignificant risk of change in value.
8. Foreign currency business and the conversion of foreign currency statement
(1) Foreign currency transaction
Transactions denominated in foreign currency are converted into RMB for accounting purpose at the spot
exchange rate on the day when the transaction occurs.
(2) Translation of foreign currency statement
The exchange differences arising from balances of foreign currency monetary items are converted at the spot
exchange rate prevailing on the balance sheet date. Except those arising from specific-purpose borrowings in
39
司公限有份股心中游旅海东大南海 2012 文全告报度年半年
foreign currencies related to assets eligible for capitalization that shall be measured in accordance with principle
of capitalization of the borrowing costs, other exchange differences shall be recognized in profit or loss for the
current period. Foreign currency non-monetary items measured at historical costs shall still be converted at the
spot exchange rates on the transaction date, of which the amounts in functional currency shall remain unchanged.
Foreign currency non-monetary items measured at fair values shall still be converted at the spot exchange rates on
the date when the fair values are determined, and the exchange differences arising from them shall be charged to
profit or loss for the current period or capital reserves.
9. Financial instruments
Financial instruments include financial assets, financial liabilities and equity instruments.
(1) Classification of financial instruments
Financial assets and liabilities are classified into the following categories according to the purpose of acquisition:
the financial assets or financial liabilities measured at fair value through current profit and loss, including
financial assets or financial liabilities held for trading (and those financial assets or financial liabilities directly
designated under this category), receivables and other financial liabilities, etc.
(2) Recognition and measurement of financial instruments
1) Financial assets (or financial liabilities) measured at fair value through profit and loss
Financial assets/liabilities are initially measured at fair value when acquired (deducting cash dividends that have
been declared but not distributed and bond interest that has matured but not yet been retrieved). Relevant
transaction costs are charged to profit or loss for the current period. The interest or cash dividends received are
recognized as investment income during the holding period. Changes in fair value are charged to profit or loss for
the current period at year end. Differences between the fair values and initial book values are recognized as
investment income upon disposal, and gains or losses on changes in fair values are adjusted at the same time.
2) Receivables
The creditor’s rights arising from selling goods or rendering services by the Company and other creditor’s rights
from other enterprises held by the Company (excluding liability instruments quoted in an active market),
including accounts receivable, other receivables, notes receivable, advances to suppliers, long term receivables,
etc., are initially recognized at the contract or agreement price. If the right is financing in nature, it shall be
initially recognized at present value. Differences between the amounts received and book values of the receivables
are charged to profit or loss for the current period upon collection or disposal.
3) Other financial liabilities
Other financial liabilities are initially recognized at fair values plus transaction costs. The subsequent
measurement is based on amortized costs.
(3) Recognition and measurement for transfer of financial assets
If the Company has transferred nearly all of the risks and rewards relating to the ownership of the financial assets
to the transferee, they shall be derecognized. If it retains nearly all of the risks and rewards relating to the
ownership of the financial assets, they shall not be derecognized.
Substance over form principle is adopted to determine whether the transfer of financial assets can satisfy the
criteria as described above for derecognizing. The Company shall classify the transfer of financial assets into the
entire transfer and the partial transfer. If the transfer of entire financial assets satisfies the criteria for
derecognizing, differences between the amounts of the following two items shall be recognized in profit or loss
for the current period:
1) The carrying amount of the transferred financial asset;
2) The aggregate consideration received from the transfer plus the cumulative amounts of the changes in the fair
values originally recognized in the owners’ equity (in the event that the transferred financial assets are
available-for-sale financial assets).
If the partial transfer of financial assets satisfies the criteria for derecognizing, the carrying amounts of the entire
financial assets transferred shall be split into the derecognized and recognized parts according to their respective
fair values and differences between the amounts of the following two items are charged to profit or loss for the
current period:
1) The carrying amounts of the derecognized parts;
2) The aggregate consideration for the derecognized parts plus the portion of the accumulative amounts of the
changes in the fair values of the derecognized parts which are originally recognized in the owners’ equity (in the
event that the transferred financial assets are available-for-sale financial assets).
If the transfer of financial assets does not satisfy requirements for derecognizing, the financial assets shall
40
司公限有份股心中游旅海东大南海 2012 文全告报度年半年
continue to be recognized, and the consideration received will be recognized as financial liabilities.
(4) Requirements for derecognizing of financial liabilities
Financial liabilities shall be entirely or partially derecognized if the present obligations derived from them are
entirely or partially discharged. Where the Company enters into an agreement with a creditor so as to substitute
the current financial liabilities with new ones, and the contract clauses of which are substantially different from
those of the current ones, it shall recognize the new financial liabilities in place of the current ones.
Where substantial revisions are made to some or all of the contract clauses of the current financial liabilities, the
Company shall recognize the new financial liabilities after revision of the contract clauses in place of the current
ones entirely or partially.
Upon entire or partial derecognizing of financial liabilities, differences between the carrying amounts of the
derecognized financial liabilities and the consideration paid (including non-monetary assets surrendered or new
financial liabilities assumed) are charged to profit or loss for the current period.
Where the Company redeems part of its financial liabilities, it shall allocate the carrying amounts of the entire
financial liabilities between the relative fair values of the parts that continue to be recognized and the
derecognized parts on the redemption date. Differences between the carrying amounts allocated to the
derecognized parts and the consideration paid (including non-monetary assets surrendered and the new financial
liabilities assumed) are charged to profit or loss for the current period.
(5) Measurement of fair values of financial assets/liabilities
For financial assets/liabilities measured at fair value, the fair values are measured with direct reference to the
quoted prices in the active market.
(6) Impairment of financial assets (excluding account receivable)
Nil
(7)As for reclassification of un-matured held-to-maturity investments into financial assets available for sale,
please explain the holding purposes or references for change of ability
Nil
10. Recognition standards and accrual method for bad debt provision for accounts receivable
Determination of bad debt provision
The Company examines the book value of account receivables at balance sheet date, and will accrue provision if
there are objective evidences indicate impairment in account receivables. The objective evidences indicate
provision of account receivables are the events that occurred after the initial recognition of account receivables,
and the events can affect the estimated future cash flows and the events can be measured reliably. The objective
evidences indicate the impairment of account receivables including the following:
1 Serious financial difficulties in the debtor;
）（
2 Debtor breaches contract terms (such as default for or overdue the payment of interest or principal);
）（
3 Debtor is likely to bankruptcy or perform other financial reorganization;
）（
4 Other objective evidence indicating impairment in account receivable.
）（
(1) Bad debt provision for accounts receivable with single major amount
The basis or amount for individually significant
The top 5 customers of account receivables on the end of the year
receivables
Impairment test performed individually, bad debt provision will be provided at
the difference of expected cash flow lower than the book value. If no
Method of provision for receivable that are impairment after separate assessment, the amounts add to the financial assets
individually significant and are assessed for combinations which on the age characteristic of credit risk and to provide
impairment on an individual basis provision by age analysis. Account receivables of separate assessment, the
amounts will not include in the group test basis on the similar credit risk to
provide provision.
(2) Receivables that are individually significant and provided for provision separately
41
司公限有份股心中游旅海东大南海 2012 文全告报度年半年
Methods on withdrawal of bad debt
Combination Basis for combination recognized
provision based on combination
Age combination Age analysis The ages of accounts receivable
In combination, accounts whose bad debts provision was accrued by age analysis:
√ Applicable □ non-applicable
Account age Rate for receivables (%) Rate for other receivables (%)
Within 1 year (included)
1 － 2 years 5% 5%
2 － 3 years 15% 15%
Over 3 years 75% 75%
3 － 4 years 25% 25%
4 － 5 years 50% 50%
Over 3 years 100% 100%
In combination, withdrawal proportion of bad debt provision based on balance proportion:
□applicable √non-applicable
In combination, withdrawal proportion of bad debt provision based on other methods:
□applicable √non-applicable
(3) Accounts with single significant amount and bad debts provision accrued individually
Reasons for withdrawal single item bad debt provision:
Other account receivables less significant account receivables that there is objective evidences to indicate
impairment, such as the bankruptcy or death of debtors and their estate and inheritance can not compensate
account receivables.
Method of provision:
The account receivables that there is objective evidence to indicate impairment, should be separated from related
groups, tested individually and are recognize as loss.
11. Inventories
(1) Categorizing of inventory
Inventories are classified into different categories: materials in stock, commodities in stock, low-value
consumables, goods consigned to proceed, food stuffs, fuel etc.
(2) Valuation method of dispatched inventories
√FIFO □Weighted Average □ Specific Identification □ other
Commodities in stock measured on the sales price the difference between purchasing price and selling price
，
should be adjusted monthly in terms of the average difference allocation method. Materials in stock are initially
measured at cost First-in-first-out method is adopted when delivery. Low-value consumables are amortized on
，
on-off amortization basis at using.
(3) Recognition basis of realizable net value of inventory and providing basis of inventory impairment
provision
On the balance sheet date, inventories are accounted depending on which is lower between the cost and the net
realizable value. An overall verification of inventories at the end of year, when the net realizable value is lower
than the cost, provisions for impairment of inventories shall be drawn. Provisions for impairment of inventories
shall be accounted according to the difference between the cost of individual inventory items and the net
realizable value. For large quantity and low value items of inventories, cost and net realizable value are
determined based on categories of inventories.
(4) Inventory system
√Perpetual Inventory System □ Periodic Inventory System □ other
Inventory system is the perpetual inventory system.
(5) Amortization of low-value consumables and wrappage
Low-value consumables
Amortization Method: one-off amortize method
Low-value consumables amortizing with one-off method while received
42
司公限有份股心中游旅海东大南海 2012 文全告报度年半年
Wrappage
Amortization Method:
Nil
12. Long-term equity investment
(1) Recognition of initial investment cost
1) Long-term equity investments arising from combinations of entities
For combinations of entities under common control: if the consideration is in the form of cash paid, non-monetary
assets transferred, liabilities assumed or equity securities issued, the initial costs of investments shall be
recognized at the proportionate share of the carrying amounts of the owners’ equity of the acquiree. Differences
between the initial investment costs of long-term equity investments and the consideration paid are recognized in
capital reserves. If capital reserves are insufficient to cover the differences, the excessive amounts are charged to
retained earnings. The costs incurred from business combinations, including audit fees, valuation costs and legal
service charges, etc., shall be recognized in profit or loss for the current period.
For combinations of entities not under common control: the initial costs of investments shall be stated at the
combination costs determined at the acquisition date. The costs of combinations shall be the fair values of the
assets surrendered, the liabilities incurred or assumed, and the equity securities issued by the acquirer, in exchange
for the control of the acquiree on the acquisition date. Commissions and other relevant administrative
expenditures incurred from business combinations, including audit fees, legal service charges, valuation and
consultancy costs, etc., shall be recognized in profit or loss for the current period. Transaction costs incurred from
issuance of equity securities or debt securities as part of consideration for business combinations shall be included
in the initial costs of relevant securities. For business combinations realized by two or more transactions, the
initial costs of investments shall be the book values of the acquirer’s equity investments before the acquisition
date plus additional investment costs at the acquisition date. As part of consideration for business combinations,
the contingent consideration stipulated in the combination contracts is included in combination costs of the
Company at its fair value at the acquisition date.
2) Long-term equity investments acquired by other methods
The initial costs of a long-term equity investments obtained by payments of cash shall be the purchase prices
actually paid.
The initial costs of long-term equity investments in equity securities shall be stated at their fair values.
The initial costs of long-term equity investments made by investors shall be stated at the values stipulated in the
investment contracts or agreements (deducting declared but not distributed cash dividends or profits), unless the
values thereof are not fair.
In the event that an exchange of non-monetary assets has commercial substance in nature and the fair values of
assets exchanged can be reliably measured, non-monetary assets traded in are initially stated at the fair value of
the assets traded out, unless conclusive evidence indicates that the fair values of the assets traded in are more
reliable. Otherwise, the initial investment costs shall be measured at the carrying amounts of the assets traded out
and the relevant taxes and surcharges payable.
The initial costs of long-term equity investments arising from debt restructuring shall be stated at their fair values.
(2) Subsequent measurement and recognition of gains and losses
1) Subsequent measurement
Investments in subsidiaries are measured under the cost method, and are adjusted under the equity method for the
purpose of preparing consolidated financial statements.
For long-term equity investments in which the investors have no joint control or significant influence over the
investee, and for which there are no quoted prices in the active market, nor can their fair value be reliably
measured, they are measured by the cost method.
Long-term equity investments in which the investors have joint control or significant influence over the investee
are measured under the equity method. If the initial costs of long-term equity investments are higher than the
investors’ share of the fair values of identifiable net assets of the investee, no adjustment is necessary. Otherwise,
differences between the initial costs of long-term equity investments and the investors’ share of the fair values of
identifiable net assets of the investee shall be recognized in profit or loss for the current period.
Accounting treatment of changes in equity of the investee other than the net profit or loss: for changes in owners’
equity of the investee other than net profit or loss, where there is no change in shareholding ratio, the Company
calculates its share of changes, whether favorable or adverse, and makes adjustments to carrying amounts of the
long-term equity investments and capital reserves (other capital reserves) accordingly.
2) Recognition of gains and losses
Under the cost method, the Company’s share of cash dividends or profits declared by the investee shall be
recognized as the investment income of the current period, except cash dividends or profits declared but not yet
43
司公限有份股心中游旅海东大南海 2012 文全告报度年半年
distributed which are included in the payments or consideration of the investments.
Under the equity method, the following issues should be considered with reference to net profit in the investee’
accounts: the accounting policies and accounting periods of the investee are different from the Company, and the
Company shall make corresponding adjustments to the investee’ financial statements based on its own accounting
policies and accounting periods. Depreciation of fixed assets and amortization of intangible assets are provided at
fair values of relevant assets on acquisition. Net profits of the investee are affected by the depreciation and
amortization, as well as provisions for impairment loss on relevant assets. After appropriate adjustments, such as
elimination of unrealized profits and losses from transactions between the Company and its associates or joint
ventures, the Company’s share of net profits or losses of the investee can be reasonably determined.
Under the equity method, the Company’s share of losses of the investee is treated in the following sequence:
firstly, it is deducted from book values of the long-term equity investments. Secondly, if the book values of the
long-term equity investments are not sufficient to cover the losses, the losses on investments shall continue to be
recognized to the extent that the amounts of which shall not exceed the book values of long-term equity in the
investee, which essentially constitutes other, net investments in the investee. (Note: What “essentially constitutes
other net investments” and its recognition criteria shall be clarified.) The losses shall be deducted from the
carrying amounts of long-term receivables, etc. Lastly, after the above treatment, if the Company assumes other
obligations according to investment contracts or agreements, they should be recognized as expected liabilities and
charged to losses on investments of the current period. If the investee are profitable in subsequent accounting
periods, the Company shall treat the losses in a reverse order in contrast to that described above after deducting its
share of unrecognized losses: i.e. write down the carrying amounts of the recognized expected liabilities, then
restore the carrying amounts of long-term equity which essentially constitutes other net investments in the
investee, then restore the carrying amounts of long-term investments, and recognize the investment income at the
same time.
(3) Definition of joint control or significant influence over the investee
The term “joint control” refers to the contractually agreed sharing of control over an economic activity, which
exists only when the investing parties involved in the economic activity reach a consensus on sharing control over
critical financial and operating policies concerning that activity. An entity which is subject to joint control by the
investor and other parties is their joint venture.
The term “significant influence” means the power to participate in decision-making on the financial and operating
policies of an investee, but with no control or joint control over the formulation of these policies. An entity in
which an investor has significant influence is its associate.
(4) Impairment and provision methods for impairment losses
Long-term equity investment recorded at cost, no quoted price in active market and non reliable fair value, the
impairment loss is the difference of the carrying value and cash value of the same financial assets in terms of the
market profit rate.
For other long-term equity investment, if the recoverable amount shows it lower than its carrying value, the
difference is recorded as impairment loss.
Impairment losses on long-term equity investments shall not be reversed once recognized.
13. Investment real estate
Nil
14. Fixed assets
(1) Recognition criteria of fixed assets
Fixed assets refer to tangible assets held for the purpose of producing commodities, providing services, renting or
business management with useful lives exceeding one accounting year. Fixed assets are recognized when all the
following criteria are satisfied:
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.
(2) Basis of deciding the fixed assets from financing rental and its calculation
Fixed assets through finance lease are accounted on the lower of the fair value of the beginning date and minimum
current leasing price.
(3) Depreciation of various fixed assets
Depreciation of fixed assets is based on average life years with regard to their classification, estimated life years
and estimated residual value (5% of the original)
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司公限有份股心中游旅海东大南海 2012 文全告报度年半年
Assets classification Estimated useful life(year) Residual value Annual depreciation (%)
20—40 5 4.75—2.37
House & building
8—20 5 11.87—4.75
Machinery
5—16 5 19—5.93
electronic equipment
7—12 5 13.57—7.91
transportation equipment
Remodeling & fitment 5 5 19
Other equipment 8 5 11.87
Fixed assts rent-in by financing: -- -- --
Including: Houses & buildings
Machinery
electronic equipment
transportation equipment
Other equipment
(4) Impairment test and provision methods for impairment losses on fixed assets
The Company shall assess whether there is any indication that fixed assets may be impaired at the end of the
period.
If there is any indication that fixed assets may be impaired, the Company shall estimate the recoverable amounts
of the assets. The recoverable amounts of fixed assets are the higher of their fair values less costs to sell or the
present values of the future cash flows expected to be derived from the assets.
If the recoverable amounts of fixed assets are lower than their carrying amounts, the carrying amounts of the
assets shall be written down to their recoverable amounts. The write downs are recognized as impairment losses
and charged to profit or loss for the current period. Provisions for impairment loss on the assets are made
accordingly.
After impairment losses are recognized, the depreciation charges for the fixed assets shall be adjusted in future
periods to depreciate their revised carrying amounts (less their estimated net residual values) over their remaining
useful lives on a systematic basis.
Impairment losses of fixed assets shall not be reversed in subsequent accounting periods once recognized.
(5) Other explanation
Nil
15. Construction in progress
(1) Classification of construction in progress
Construction in progress is measured on an individual project basis.
(2) Criteria and timing of transfer from construction in progress to fixed assets
The initial book values of the fixed assets are stated at total expenditures incurred before reaching working
condition for their intended use. For construction in progress that has reached working condition for intended use
but relevant budgets for the completion of projects have not been completed, the estimated values of project
budgets, prices, or actual costs should be included in the costs of relevant fixed assets, and depreciation should be
provided according to relevant policies of the Company when working condition is reached. After the completion
of budgets needed for the completion of projects, the estimated values should be substituted by actual costs, but
depreciation already provided is not adjusted.
(3) Impairment test and provisions for impairment loss of construction in progress
The Company shall assess whether there is any indication that construction in progress may be impaired at the end
of the period.
If any indication suggests that a construction in progress may be impaired, the Company shall estimate its
recoverable amount. If it is difficult to estimate the recoverable amount of the individual construction in progress,
the Company shall estimate the recoverable amount of the asset portfolio that the individual asset belongs to.
The recoverable amount of a construction in progress is the higher of its fair value less cost to sell and the present
value of the future cash flows expected to be derived from the construction in progress.
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司公限有份股心中游旅海东大南海 2012 文全告报度年半年
If the recoverable amount of a construction in progress is lower than its carrying amount, the carrying amount of
the construction in progress shall be written down to its recoverable amount. The write-down is recognized as an
impairment loss and charged to profit or loss for the current period. A provision for impairment loss of the
construction in progress is recognized accordingly.
Impairment loss on the construction in progress shall not be reversed in subsequent accounting periods once
recognized.
16. Borrowing costs
(1) Recognition criteria for capitalization of borrowing costs
Borrowing costs include interest on bank overdrafts and borrowings, amortization of discounts or premiums on
borrowings, finance charges on finance leases and exchange differences on foreign currency borrowings where
they are regarded as an adjustment to interest costs.
Borrowing costs that are directly attributable to the acquisition, construction or production of qualifying assets
form part of the costs of those assets and, therefore, should be capitalized. Other borrowing costs are recognized
as expenses are charged to profit or loss in the current period.
Qualifying assets are assets that take substantial periods of time to get ready for their intended use or sale. Those
could be fixed assets that take a long time to complete purchase, construction or manufacturing activities for their
intended use or sale, investment properties or inventories.
Capitalization should commence when:
1) Expenditures are being incurred, which comprise disbursements incurred in the form of payments of cash,
transfer of non-monetary assets or assumption of interest-bearing debts;
2) Borrowing costs are being incurred, and;
3) Purchase, construction or manufacturing activities that are necessary to prepare the assets for their intended use
or sale are in progress.
(2) Capitalization period for borrowing costs
Capitalization period refers to the period from commencement of capitalization of borrowing costs to its cessation;
period of suspension for capitalization is excluded.
Capitalization should cease when substantially all of the purchase, construction or manufacturing activities
necessary to prepare the assets for their intended use or sale are complete.
Where construction for assets purchased, constructed or manufactured eligible for capitalization is completed in
stages, which can be used while construction of the other parts continues, capitalization of attributable borrowing
costs should cease when substantially all of the activities necessary to prepare that part for its intended use or sale
are complete.
Where construction for each part of assets purchased, constructed or manufactured has been completed separately
but can be used or sold only after the entire assets have been completed, capitalization of attributable borrowing
costs should cease at the completion of the entire assets.
(3) Period of suspension for capitalization
Capitalization should be suspended during periods in which purchase, construction or manufacturing of assets
eligible for capitalization is interrupted abnormally; if the interruption is the necessary procedure to prepare the
assets purchased, constructed or manufactured eligible for capitalization for their intended use or sale, the
borrowing costs should continue to be capitalized. Borrowing costs incurred during the interruption should be
charged to profit or loss for the current period, and should continue to be capitalized when purchase, construction
or manufacturing of the relevant assets resumes.
(4) Measurement of capitalized amounts of borrowing costs
Where funds are borrowed specifically for purchase, construction or manufacturing of assets eligible for
capitalization, costs eligible for capitalization are the actual costs incurred less any income earned on the
temporary investment of such borrowings.
Where funds allocated for purchase, construction or manufacturing of assets eligible for capitalization are part of a
general pool, the eligible amounts are determined by applying a capitalization rate to the weighted average excess
of accumulated capital expenditures over those on specific borrowings. The capitalization rate will be the
weighted average of the borrowing costs applicable to the general pool.
Where there are discounts or premiums on borrowings, the amounts of interest for each accounting period should
be adjusted taking account of amortizable discount or premium amounts for the period by effective interest
method.
17. Biological assets
Nil
18. Oil/gas assets
Nil
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司公限有份股心中游旅海东大南海 2012 文全告报度年半年
19. Measurement of intangible assets
(1) Valuation of intangible assets
1) Intangible assets are stated at actual cost on acquisition.
Costs of purchased intangible assets include purchase prices, relevant taxes and surcharges, and other
expenditures that are directly attributable to the intangible assets before they reach working conditions for their
intended use. If payments for the purchase of intangible assets are extended beyond the normal credit terms with
financing nature, the costs of intangible assets are determined on the basis of present values of the purchase prices.
For intangible assets obtained from debtors in settlement of his liabilities in case of debt restructuring, they should
be initially stated at their fair values. Differences between the book values and the fair values of the intangible
assets are charged to profit or loss for the current period.
If the exchange of non-monetary assets has commercial substance, and the fair values of these assets can be
measured reliably, the book values of intangible assets traded in are based on the fair values of the intangible
assets traded out unless there is any conclusive evidence that the fair values of the assets traded in are more
reliable. If the exchange of non-monetary assets does not meet the above criteria, the costs of the intangible assets
traded in should be the book values of the assets traded out and relevant taxes and surcharges paid, and no profit
or loss shall be recognized.
Intangible assets obtained through acquisition of enterprises under common control should be initially stated at
their carrying amounts recognized in the accounting records of the acquired party. Intangible assets obtained
through acquisition of enterprises not under common control should be initially stated at fair value.
The costs of internally developed intangible assets include: the materials consumed during the development, labor
costs, and registration fees, amortization of other patents and licenses applied during the development, interest
expenses eligible for capitalization, as well as other direct costs incurred for the intangible assets to reach working
condition for their intended use.
2) Subsequent Measurement
The useful lives of the intangible assets should be analyzed and determined on their acquisition.
The intangible assets are amortized on a straight-line basis over the period during which they can bring economic
benefits to the Company. For intangible assets which are not expected to bring economic benefits to the Company,
they are deemed as intangible assets with uncertain useful lives and are not amortized.
(2) Estimated useful lives of intangible assets with limited useful lives
The Company shall review the useful lives and amortization methods of intangible assets with limited useful lives
at each year end.
The useful lives and amortization methods of intangible assets at the end of the current year is not different from
previous estimates after review.
Items Estimate useful lives Reason
Land use right 50 The useful lives of land use right
(3) Determination of intangible assets with uncertain useful lives
The Company has no intangible assets with uncertain useful lives.
(4) Provisions for impairment loss on intangible assets
For intangible assets with definite useful lives, the Company shall perform impairment tests at the period end if
there is clear indication of impairment.
Impairment tests shall be performed at each period end for intangible assets with uncertain useful lives.
The Company shall perform impairment tests and estimate the recoverable amounts of the intangible assets. If
evidence suggests that an intangible asset is impaired, the Company shall estimate its recoverable amount on an
individual basis. If it is difficult to estimate the recoverable amount of the individual asset, the Company shall
estimate the recoverable amount of the asset portfolio that the individual asset belongs to.
The recoverable amounts of intangible assets are the higher of their fair values less costs to sell and the present
values of the future cash flows expected to be derived from the assets.
If the recoverable amounts of intangible assets are less than their carrying amounts, the carrying amounts of the
assets shall be written down to their recoverable amounts. The write downs are recognized as impairment losses
and charged to profit or loss for the current period. Provisions for impairment loss on the assets are recognized
accordingly.
After impairment losses are recognized, the amortization charges for the intangible assets shall be adjusted in
future periods to depreciate their revised carrying amounts (less their estimated net residual values) over their
remaining useful lives on a systematic basis.
Impairment losses on intangible assets shall not be reversed in subsequent accounting periods once recognized.
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司公限有份股心中游旅海东大南海 2012 文全告报度年半年
(5) Specific standards for classification of research stage and development for R&D projects in the
Company
Nil
(6) Calculation of expenditure for internal R&D projects
Nil
20. Amortization method of long-term deferred expenses
Long-term deferred expenses are amortized evenly over the beneficial period.
21. Assets transfer with repurchase condition attached
Nil
22. Estimated liabilities
When the Company is involved in litigation, debt-guarantee, loss contract, or restructuring, if it is probable that
settlement of such events will result in surrendering assets or rendering services in the future, and the relevant
amounts can be reliably measured, estimated liabilities shall be recognized.
(1) Recognition criteria of estimated liabilities
The Company should recognize an obligation in relation to contingencies as an estimated liability when all the
following conditions are satisfied:
1) That obligation is a present obligation of the Company;
2) It is probable that settlement of such an obligation will result in the economic benefit to flow out from the
Company; and
3) The amount of the obligation can be measured reliably.
(2) Measurement method of estimated liabilities
The Company’s estimated liabilities shall be initially measured at the best estimates of the necessary expenditures
for the fulfillment of the present obligations.
To determine the best estimates, the Company shall take into full account 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
shall be determined after discounting the relevant future cash outflows.
The best estimates shall be treated as follows in different circumstances:
If there is a continuous range (or region) for the necessary expenses, and probabilities of occurrence of all the
outcomes within this range are equal, the best estimate shall be determined at the average amount of upper and
lower limits within the range.
Given the fact that there is no continuous range (or region) for the necessary expenses, or probabilities of
occurrence of each outcome within this range are unequal despite such a range exists, if 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 estimate 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 parties, the compensations should be separately recognized as assets only when it is
virtually certain that the compensations will be received. The amounts recognized for the compensations should
not exceed the carrying amounts of the estimated liabilities.
23. Shares payment and equity instrument
Nil
(1) Category of shares payment
Nil
(2) Recognition method for fair-value of equity instrument
Nil
(3) Basis of best estimation for vesting equity instrument
Nil
(4) Relevant accounting treatment for implementation, amendment and termination of shares payment
plan
Nil
24. Shares of the Company repurchased
Nil
25. Revenues
(1) Timing for recognition of revenues from sale of goods
Revenues from sale of goods are recognized when the Company has transferred to the buyer the significant risks
and rewards of ownership of the goods; the Company retains neither continuing managerial involvement to the
degree usually associated with ownership nor effective control over the goods sold; it is probable that the
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司公限有份股心中游旅海东大南海 2012 文全告报度年半年
economic benefits associated with the transaction will flow to the enterprise; and the relevant amounts of revenues
and costs can be measured reliably.
(2) Recognition of revenue of assets using right abalienation
Interest and royalties should be recognized when both the following conditions have been satisfied: the economic
benefits associated with the transactions will flow to the Company, and the amounts of the revenues can be
measured reliably. Interest and royalty revenues should be accounted for as follows:
1) Interest should be measured based on the length of time for which the Company's cash is used by others and the
applicable interest rate; and
2) Royalties should be measured according to the period and method of charging as stipulated in the relevant
agreements or contracts.
(3) Recognition basis and method of construction progress completion while recognize revenue from labor
service providing and from construction contract by percentage of completion method
If the outcome of transactions can be estimated reliably at the balance sheet date, revenues are recognized using
the percentage of completion method. The percentage of completion is determined by measurement of completed
work (or services already provided as a percentage of total services to be provided, or costs already incurred as a
percentage of total costs).
Revenues from provision of services are determined by prices stated in the contracts or agreements, whether
already received or to be received, unless the relevant prices are unfair. At the balance sheet date, total revenues
from provision of services multiplied by percentage of completion deducting accumulated revenues from
provision of services of previous accounting periods are recognized as the revenues from provision of services of
the current period; meanwhile, total costs of provision of services multiplied by percentage of completion
deducting accumulated costs of provision of services of previous accounting periods are recognized as the costs of
provision of services of the current period.
When the outcome of transactions involving the rendering of services cannot be estimated reliably, revenues
should be recognized and measured at the balance sheet date as follows:
1) if the service costs incurred are expected to be fully recoverable, the amounts equal to the costs incurred should
be recognized as revenues and the equivalent amounts of costs should be charged to profit or loss for the current
period;
2) If the service costs incurred are not expected to be fully recoverable, revenues are not recognized and the costs
incurred are recognized in profit or loss for the current period.
26. Government grants
(1) Classification
Government grants refer to the monetary or non-monetary assets obtained by the Company from the government
for free. Government grants are classified into asset-related government grants and income-related government
grants.
(2) Accounting treatments
Government grants relating to purchase or construction of long-term assets, such as fixed assets and intangible
assets, etc., shall be recognized as deferred income and amortized over the useful lives of assets constructed or
purchased and charged to non-operating income by stage.
Government grants relating to income to compensate future expenses or losses shall be recognized as deferred
income and shall be charged to non-operating income during the period when the relevant expenses are incurred.
The government grants relating to income to compensate incurred expenses or losses shall be directly recognized
as non-operating income in the current period.
27. Deferred income tax assets and deferred income tax liabilities
(1) Recognition basis for deferred income tax assets
Deferred tax assets should be recognized for deductible temporary differences to the extent that it is probable that
taxable profit will be available against which the deductible temporary differences can be utilised.
(2) Recognition basis for deferred income tax liability
Deferred tax liabilities should be recognized for all taxable temporary differences for current or prior accounting
periods. There are three exceptions to the requirement to recognize deferred tax liabilities, as follows: liabilities
arising from initial recognition of goodwill; liabilities arising from the initial recognition of assets/liabilities other
than in business combinations which, at the time of the transactions, do not affect either the accounting or the
taxable profits.
When the Company has the statutory right to account for current tax assets and current tax liabilities with their net
amounts, and has the intention to do so or the recovery of assets and the settlement of liabilities are achieved
simultaneously, The Company shall present its current tax assets and current tax liabilities at the net amounts as
the result of one offsetting another.
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司公限有份股心中游旅海东大南海 2012 文全告报度年半年
When the Company has the statutory right to account for current tax assets and current tax liabilities with their net
amounts, and the deferred tax assets and the deferred tax liabilities are related to income taxes imposed on the
same taxpayer by the same tax authority or albeit they are related to income taxes imposed on different taxpayers,
they have the intention to account for current tax assets and current tax liabilities with their net amounts or the
recovery of assets and the settlement of liabilities are achieved simultaneously during each accounting period in
the future when material deferred tax assets and deferred liabilities are reversed, the Company shall present its
current tax assets and current tax liabilities at the net amounts as the result of one offsetting another.
28. Operation leasing, financing leasing
(1) Accounting treatment of operation leasing
1) The lease payments should be recognized as expenses of the current period over the lease terms (including
rent-free periods) on a straight-line basis. Initial direct costs relating to lease transactions incurred by the
Company shall be recognized as expenses of the current period.
If expenses relating to lease which should be borne by the Company are paid by the lessor of the assets, they shall
be deducted from the total lease expenses and the balances shall be amortized over the lease terms and charged to
expenses of the current period.
2) Lease income should be recognized over the lease terms (including rent-free periods) on a straight-line basis.
Initial direct costs relating to lease transactions incurred by the Company shall be recognized as expenses of the
current period; if the amounts are material, they shall be capitalized and amortized over the lease terms on the
same basis as the recognition of lease income.
If expenses relating to leases which should be borne by the lessee of the assets are paid by the Company, they
shall be deducted from the total lease income and the balances shall be amortized over the lease terms by the
Company.
(2) Accounting treatment of financing leasing
Nil
29. Assets held for sales
(1) Recognition of assets held for sales
Nil
(2) Accounting treatment of assets held for sales
Nil
30. Assets securitization
Nil
31. Hedge accounting
Nil
32. Changes of major accounting policies and accounting estimation
Whether there have changes of major accounting policies and accounting estimation in report period or not
□ Yes √ No □ Non applicable
(1) Changes in accounting policies
Whether have changes in accounting policies in report period
□ Yes √ No □ Non applicable
(2) Changes in accounting estimates
Whether have changes in accounting estimates in report period
□ Yes √ No □ Non applicable
33. Error correction of previous accounting
Whether has error correction of previous accounting occurred in this period?
□ Yes √ No □ Non applicable
(1) Retrospective Restatement
Is there has errors of previous accounting adopt retrospective restatement in this period
□ Yes √ No □ Non applicable
(2) Prospective Application
Is there has errors of previous accounting adopt retrospective restatement in this period
□ Yes √ No □ Non applicable
34. Other major accounting policy, accounting estimation and preparation method for financial statement
Nil
(V) Taxations
50
司公限有份股心中游旅海东大南海 2012 文全告报度年半年
1. Main tax and rate
Items Tax basis Tax rate
3%
VAT Sales of goods
Consumption tax
5%
Business tax Operating revenue
7%
Urban maintenance and construction tax Turnover tax
Corporation income tax Taxable income 25%
3%
Extra charges of education funds Turnover tax
2%
Extra charges of education funds Turnover tax
The 70% residual value of the original value
1.2%
Property tax
of the properties ( including land right value)
12 /
㎡元
Land-use tax Land acreage
The income tax rates applicable to each Branch Company or plant:
Nil
2. Tax preference and approvals
Nil
3. Other explanation
Nil
(VI) Enterprise consolidation and consolidated financial statements
General explanation for enterprise consolidation and consolidated financial statement:
Nil
1. Subsidiary
Nil
(1) Subsidiary obtained by establishment or investment
Nil
Other explanation on subsidiary obtained by establishment or investment:
Nil
(2) Subsidiaries acquired by business combination under the common control
Nil
Other explanation for subsidiaries acquired by business combination under the common control:
Nil
(3) Subsidiaries acquired by business combination not under the common control
Nil
Other explanation for subsidiaries acquired by business combination not under the common control:
Nil
2. Special purposes entity or operation entity where controlling right is formed under entrusted operation
or leasing
□ Applicable √ Non-applicable
Other explanation for special purposes entity or operation entity where controlling right is formed under entrusted
operation or leasing:
Nil
3. Explanation for changes in consolidation scope
Explanation for changes in consolidation scope:
Nil
□ Applicable √ Non-applicable
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司公限有份股心中游旅海东大南海 2012 文全告报度年半年
4. Entities newly included in consolidate scope during the reporting period and entities ceasing to be
included in consolidate scope during the reporting period
Nil
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司公限有份股心中游旅海东大南海 2012 文全告报度年半年
Other explanation on entities newly included in consolidation scope and entities ceasing to be included in
consolidation scope:
Nil
5. Business combination under the common control during the reporting period
Other explanation for business combination under the common control:
Nil
6. Business combination not under the common control during the reporting period
Other explanation for business combination not under the common control:
Nil
7. Loss of subsidiaries due to disposal of equity interests without controlling rights during the reporting
period
Nil
Other explanation for loss of subsidiaries due to disposal of equity interests without controlling rights
Nil
8. Counter purchase occurred during the reporting period
Other explanation for counter purchase:
Nil
9. Absorption consolidation occurred during the reporting period
Other explanation for absorption consolidation:
Nil
10. Translation exchange rates for items in major statements of overseas operating entities
Nil
(VII) Notes to major items in consolidated financial statements
1. Monetary capital
Unit: RMB
Amount at period-end Amount at period-beginning
Item Exchan Original Exchange
Original currency RMB conversion RMB conversion
ge rate currency rate
Cash: -- -- 972,839.73 -- -- 780,895.53
RMB -- -- 972,839.73 -- -- 780,895.53
-- -- 1,574,835.52 -- -- 11,536,618.08
Cash in bank
-- -- 1,574,835.52 -- -- 11,536,618.08
RMB
-- -- 0.00 -- -- 57,068.87
Other monetary funds
-- -- -- -- 57,068.87
RMB
Total -- -- 2,547,675.25 -- -- 12,374,582.48
Separate explanation is required for accounts with restricted application purposes, deposited overseas and
of potential recovery risks arising from pledge, mortgage or frozen:
Nil
2. Transactional financial assets
(1) Transactional financial assets
Nil
(2) Realization of restricted transactional financial assets
Nil
(3) Explanation for hedge instruments and related hedge transactions
Nil
53
司公限有份股心中游旅海东大南海 2012 文全告报度年半年
3. Notes receivables
(1) Classification of notes receivables
Nil
(2) Notes receivables pledged at period-end
Nil
(3)Transfer of notes to notes receivable due to the issuer’s impossibility to perform its obligations, and
unmatured notes endorsed to others by the Company as at the period-end
Nil
Unmatured notes endorsed to others by the Company
Nil
Explanation for commercial acceptance notes discounted or pledged:
Nil
4. Dividend receivables
Nil
5. Interests receivables
(1) Interests receivables
Nil
(2)Overdue interests
Nil
(3)Explanation for interests’ receivables
Nil
6. Account receivables
(1) Classified by categories
Unit: RMB
Amount at period-end Amount at period-begin
Book balance Bad debt reserve Book balance Bad debt reserve
Categories
Proportio Proportio Proporti Proportion
Amount Amount Amount Amount
n (%) n (%) on (%) (%)
Account receivables that are
significant in amount
1,339,625.51 38.62% 1,339,625.51 100% 1,339,625.51 43.09% 1,339,625.51 100%
individually and provided
for
bad debt individually
Account receivables that are provided for bad debt by combination
2,129,499.04 61.38% 594,765.21 27.93% 1,769,117.66 56.91% 594,765.21 33.62%
Subtotal of group 2,129,499.04 61.38% 594,765.21 27.93% 1,769,117.66 56.91% 594,765.21 33.62%
Account receivables that are
insignificant in amount
0.00 0% 0.00 0% 0.00 0% 0.00 0%
individually but provided for
bad debt individually
Total 3,469,124.55 -- 1,934,390.72 -- 3,108,743.17 -- 1,934,390.72 --
Explanation for category of account receivables:
Nil
Account receivable with single significant amount and withdrawal bad debt provision separately
√ Applicable □ Non-applicable
54
司公限有份股心中游旅海东大南海 2012 文全告报度年半年
Unit: RMB
Contents of account receivables Book balance Bad debt provision Provision proportion Reason for provision
Long account age,
Sanya Power Supply Company 773,409.98 773,409.98 100%
unable to recover
Hainan Hong Kong & Macao International Long account age,
464,563.21 464,563.21 100%
Tourism Ltd. unable to recover
Long account age,
Sanya City Council Reception 101,652.32 101,652.32 100%
unable to recover
Total 1,339,625.51 1,339,625.51 --
Account receivable provided for bad debt reserve under aging analysis method in the groups:
√ Applicable □ Non-applicable
Unit: RMB
Amount at period-end Amount at period-begin
Book balance Book balance
Aging
Proportion bad debt reserve Proportion bad debt reserve
Amount Amount
(%) (%)
within 1 year
Including: -- -- -- -- -- --
970,523.73 27.98% 610,142.35 34.49%
Subtotal of within
970,523.73 27.98% 0.00 610,142.35 34.49% 0.00
1 year
1-2 years 498,180.28 14.36% 24,963.04 498,180.28 28.16% 24,963.04
2-3 years 68,338.31 1.97% 10,250.75 68,338.31 3.86% 10,250.75
Over 3 years 1,932,082.23 55.69% 1,899,176.93 592,456.72 33.49% 559,551.42
2-3 years 30,700.00 0.88% 7,675.00 30,700.00 1.74% 7,675.00
Over 3 years 19,760.60 0.57% 9,880.30 19,760.60 1.12% 9,880.30
2-3 years 1,881,621.63 54.24% 1,881,621.63 541,996.12 30.63% 541,996.12
Total 3,469,124.55 -- 1,934,390.72 1,769,117.66 -- 594,765.21
Account receivables provided for bad debt reserve under balance percentage method in the groups:
□Applicable √Non-applicable
Account receivables provided for bad debt reserve under other method in the groups:
□Applicable √Non-applicable
Account receivable with single minor amount but withdrawal bad debt provision separately as at period-end
□Applicable √Non-applicable
55
司公限有份股心中游旅海东大南海 2012 文全告报度年半年
(2) Reversal or recovery of account receivables during the reporting period (Non applicable)
(3) Account receivables actually written-off during the reporting period (Non applicable)
(4) Account receivables due from the shareholders holding 5% or above voting shares of the Company
during the reporting period
√Applicable □Non-applicable
Unit: RMB
Amount at period-end Amount at period-begin
Shareholders’ name Bad debt provision Bad debt provision
Book balance Book balance
accrual accrual
Haikou Agriculture, Industry &
12,935.00 37,290.19
Trade (Luoniushan) Co., Ltd.
Total 12,935.00 0.00 37,290.19 0.00
(5) Top 5 account receivable
Unit: RMB
Relationship with the Proportion in total
Name of the company Amount Terms
Company account receivables (%)
Sanya Power Supply Company Non-related parties 775,304.98 Over 5 years 22.35%
Sanya Haiyuan Hotel Management
Non-related parties 737,340.20 Within 1 year 21.25%
Co., Ltd
Hainan Hong Kong & Macao
Non-related parties 464,563.21 Over 5 years 13.39%
International Tourism Ltd.
PEGAS Non-related parties 230,085.45 Within 1 year 6.63%
Sanya City Council Reception Non-related parties 101,652.32 Within 1 year 2.93%
Total -- 2,308,946.16 -- 66.55%
(6) Account receivables due from related parties
Unit: RMB
Relationship with the Proportion in total account
Name of the company Amount
Company receivables (%)
Haikou Agriculture, Industry &
First largest shareholder 12,935.00 0.37%
Trade (Luoniushan) Co., Ltd.
Total -- 12,935.00 0.37%
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司公限有份股心中游旅海东大南海 2012 文全告报度年半年
(7) Account receivables derecognized （（（（
non-applicable ））））
(8) As for securities with account receivables as target subject, list the assets and liabilities arising from
（（（（
further involvement non-applicable ））））
7. Other receivables
(1) Disclosure of other receivables by classification
Unit: RMB
Amount at period-end Amount at period-begin
Book balance Bad debt reserve Book balance Bad debt reserve
Categories
Proporti Proportio Proportion Proportio
Amount Amount Amount Amount
on (%) n (%) (%) n (%)
Other receivable with single
significant amount and
77,363,143.31 97.86% 77,363,143.31 100% 77,363,143.31 98.46% 77,363,143.31 100%
withdrawal bad debt
provision separately
Other receivable of bad debt provision withdrawal by combination(Age)
1,689,578.27 2.13% 734,634.16 43.48% 1,202,053.46 1.53% 734,634.16 61.11%
Subtotal of group 1,689,578.27 2.13% 734,634.16 43.48% 1,202,053.46 1.53% 734,634.16 61.11%
Other receivable with single
minor amount while
5,690.00 0.01% 5,690.00 100% 5,690.00 0.01% 5,690.00 100%
withdrawal bad debt
provision separately
Total 79,058,411.58 -- 78,103,467.47 -- 78,570,886.77 -- 78,103,467.47 --
Explanation for category of other receivables:
Nil
Other receivable with single significant amount and withdrawal bad debt provision separately
√ Applicable □ Non-applicable
Unit: RMB
Contents of other receivables Book balance Bad debt provision Provision proportion Reason for provision
Hainan Dadonghai Tourism
54,767,945.15 54,767,945.15 100% Unable to recover
Company
Dividend distributed in cash
16,899,000.00 16,899,000.00 100% Unable to recover
for 94-96
Hainan Hong Kong & Macao
4,145,704.16 4,145,704.16 100% Unable to recover
International Tourism Ltd.
Guangdong Jinma Tourism 1,200,494.00 1,200,494.00 100% Unable to recover
57
司公限有份股心中游旅海东大南海 2012 文全告报度年半年
Co., Ltd
Shareholder custody charge 350,000.00 350,000.00 100% Unable to recover
Total 77,363,143.31 77,363,143.31 -- --
Other receivable provided for bad debt reserve under aging analysis method in the groups:
√ Applicable □ Non-applicable
Unit: RMB
Amount at period-end Amount at period-begin
Book balance Book balance
Aging
Proporti bad debt reserve Proporti bad debt reserve
Amount Amount
on (%) on (%)
Within 1 year
Including:
652,290.60 38.61% 164,765.79 13.71%
Subtotal of within 1 year 652,290.60 38.61% 0.00 164,765.79 13.71% 0.00
1-2 years 301,720.29 17.86% 15,086.01 301,720.29 25.1% 15,086.01
2-3 years 4,434.39 0.26% 665.16 4,434.39 0.37% 665.16
Over 3 years 731,132.99 43.27% 718,882.99 731,132.99 60.82% 718,882.99
3-4 years 1,000.00 0.06% 250.00 1,000.00 0.08% 250.00
4-5 years 23,000.00 1.36% 11,500.00 23,000.00 1.91% 11,500.00
Over 5 years 707,132.99 41.85% 707,132.99 707,132.99 58.83% 707,132.99
Total 1,689,578.27 -- 734,634.16 1,202,053.46 -- 734,634.16
Other receivables provided for bad debt reserve under balance percentage method in the groups:
□ Applicable √ Non-applicable
Other receivables provided for bad debt reserve under other method in the groups:
□ Applicable √ Non-applicable
Other receivable with single minor amount but withdrawal bad debt provision separately as at period-end
√ Applicable □ Non-applicable
Unit: RMB
Contents of other
Book balance Bad debt provision Provision proportion Reason for provision
receivables
Reserve fund 5,690.00 5,690.00 100% unable to recover
Total 5,690.00 5,690.00 100% --
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司公限有份股心中游旅海东大南海 2012 文全告报度年半年
(2) Reversal or recovery of other receivables during the reporting period （（（（ non-applicable ））））
(3) Other receivables actually written-off during the reporting period （（（（
non-applicable ））））
(4) Other receivables due from the shareholders holding 5% or above voting shares of the Company during
the reporting period
□Applicable √Non-applicable
(5) Nature or content of other receivables with significant amount （（（（
non-applicable ））））
(6) Top 5 other receivable
Unit: RMB
Relationship with the Proportion in total account
Name of the company Amount Terms
Company receivables (%)
Hainan Dadonghai Tourism
Non-related parties 54,767,945.15 Over 5 years 69.28%
Company
Dividend distributed in cash
Non-related parties 16,899,000.00 Over 5 years 21.38%
for 94-96
Hainan Hong Kong & Macao
Non-related parties 4,145,704.16 Over 5 years 5.24%
International Tourism Ltd.
Guangdong Jinma Tourism
Non-related parties 1,200,494.00 Over 5 years 1.52%
Co., Ltd
Shareholder custody charge Non-related parties 350,000.00 Over 5 years 0.44%
Total -- 77,363,143.31 -- 97.86%
(7) Other receivables due from related parties non-applicable （（（（ ））））
（（（（
(8) Other receivables derecognized non-applicable ））））
(9) As for securities with other receivables as target subject, list the assets and liabilities arising from
（（（（
further involvement non-applicable ））））
8. Payment in advance
(1) Analysis of payments in advance by aging
Unit: RMB
Amount at period-end Amount at period-begin
Aging Proportion Proportion
Amount Amount
(%) (%)
59
司公限有份股心中游旅海东大南海 2012 文全告报度年半年
Within 1 year 191,873.03 97.42% 371,282.53 98.65%
1-2 years 5,086.00 2.58% 5,086.00 1.35%
2-3 years
Over 3 years
Total 196,959.03 -- 376,368.53 --
Explanation for aging analysis of payments in advance:
Nil
(2) Top 5 of payments in advance
Unit: RMB
Relationship with the
Name of the company Amount Time Reason for unsettlement
Company
Goods has not been
Hainan Yezhishu Decoration
Non-related parties 32,730.00 2011-12-19 delivered at the
Engineering Co., Ltd
destination
Goods has not been
Sanya Morning Post Non-related parties 27,360.00 2011-11-29 delivered at the
destination
Goods has not been
Hainan Branch of Sunshine
Non-related parties 27,310.07 2012-06-30 delivered at the
Insurance Co., Ltd.
destination
Goods has not been
Sanya Branch of China Cable TV
Non-related parties 26,112.00 2012-05-24 delivered at the
Network Co., Ltd.
destination
Goods has not been
Sanya Lizhigou Deming
Non-related parties 23,649.00 2012-01-06 delivered at the
Cultivation Park
destination
Total -- 137,161.07 -- --
Explanation for major units paid in advance:
Nil
(3) Shareholders holding 5% or above voting shares of the Company in payments in advance during the
reporting period
□ Applicable √ Non-applicable
(4) Explanation for payment in advance
Nil
60
司公限有份股心中游旅海东大南海 2012 文全告报度年半年
9. Inventory
(1) Classification
Unit: RMB
Amount at period-end Amount at period-begin
Item Depreciation Depreciation
Book balance Book value Book balance Book value
provision provision
Raw materials 960,662.08 752,638.26 208,023.82 986,065.85 753,675.73 232,390.12
Product in process
Stock products 22,771.38 11,102.41 11,668.97 22,771.38 11,102.41 11,668.97
Revolving materials
Consumptive
68,148.50 68,148.50 380,459.98 380,459.98
biological assets
Total 1,051,581.96 763,740.67 287,841.29 1,389,297.21 764,778.14 624,519.07
(2) Inventory impairment provision
Unit: RMB
Book-balance as at Provision for this Decrease during this year Book-balance as at
Kinds of inventories
period-begin period Reversal Written-off period-end
Raw materials 753,675.73 1,037.47 752,638.26
Product in process
Stock products 11,102.41 11,102.41
Revolving materials
Consumptive
biological assets
Total 764,778.14 0.00 0.00 1,037.47 763,740.67
(3) Particular about inventory impairment provision （（（（
non-applicable ））））
10. Other current assets
Unit: RMB
Item Amount at period-end Amount at period-begin
Exchange Entitlement (No.: 00004071) 810,900.00 810,900.00
Total 810,900.00 810,900.00
Explanation on other current assets
The Company bought the Land Exchange Entitlement (No. 00004071) was transfer value of 1.53 million yuan exchange entitlement
with 810,900.00 yuan in 2010, which has registered under the name of the Company dated 8 November 2010.
61
司公限有份股心中游旅海东大南海 2012 文全告报度年半年
11. Financial assets available for sale
(1) Particular about financial assets available for sale （（（（non-applicable ））））
(2) Long-term debt investment in financial assets available for sales non-applicable （（（（ ））））
12. Held-to-maturity investment
(1) Particular about held-to-maturity investment （（（（
non-applicable ））））
(2) Held-to-maturity investment that sold in report period but not expired （（（（
non-applicable ））））
13. Long-term account receivable （（（（
non-applicable ））））
14. Investment for affiliated enterprise and joint ventures （（（（non-applicable ））））
15. Long-term equity investment
62
司公限有份股心中游旅海东大南海 2012 文全告报度年半年
(1) Details of long-term equity investment
Unit: RMB
Explanation on
the incongruity
in share
Proportion of Proportion of Impairment
holding
Calculatio Initial Balance at Increase/decrea Balance at share holding voting rights in Impairment provision of Cash bonus this
Invested company proportion and
n method investment cost period-begin se(+,-) period-end in invested invested provision accruing this year
voting
company (%) company (%) year
proportion in
invested
company
Hainan Luoniushan
Equity
Agriculture 9,000,000.00 0.00 43,398.28 9,043,398.28 31.03% 31.03%
method
Technology Co., Ltd
Shenzhen Difu
Cost
Investment & 5,000,000.00 5,000,000.00 5,000,000.00 14.28% 5,000,000.00
method
Development Ltd.
Hubei Jingsha Cost
4,566,207.42 4,566,207.42 4,566,207.42 91% 4,566,207.42
Dadonghai Club Ltd. method
Sanya Shun’an Cost
5,150,166.84 5,150,166.84 5,150,166.84 70% 5,150,166.84
Casino method
Total -- 23,716,374.26 14,716,374.26 43,398.28 23,759,772.54 -- -- -- 14,716,374.26 0.00 0.00
63
司公限有份股心中游旅海东大南海 2012 文全告报度年半年
(2) Limited ability for capital transfer to investment enterprise （（（（
non-applicable ））））
16. Investment real estate
(1) Investment real estate measured by cost
□ Application √ non-application
(2) Investment real estate measured by fair value
□ Application √ non-application
17. Fixed assets
(1) Particular about fixed assets
Unit: RMB
Book balance at Decrease during this Book balance at
Item Increase during this period
period-begin period period-end
I. total of book balance: 187,662,738.79 544,367.90 0.00 188,207,106.69
Including: House &
156,679,569.41 156,679,569.41
buildings
Machinery equipments 14,293,452.00 33,700.00 14,327,152.00
Transportation tools 1,808,106.77 1,808,106.77
Electronic equipment 2,807,776.63 93,752.90 2,901,529.53
Improvements 10,114,923.89 10,114,923.89
Other equipment 1,958,910.09 416,915.00 2,375,825.09
Book balance at Increased in this Accrual in this De creased in this Book balance at
--
period-begin period period period period-end
II. total of accumulated
81,354,905.82 3,206,169.78 0.00 0.00 84,561,075.60
depreciation:
Including: House &
61,689,002.46 1,824,012.24 63,513,014.70
buildings
Machinery equipments 7,986,752.30 314,379.42 8,301,131.72
Transportation tools 558,436.94 71,576.70 630,013.64
Electronic equipment 1,356,302.03 199,223.04 1,555,525.07
Improvements 8,720,632.98 667,500.51 9,388,133.49
Other equipment 1,043,779.11 129,477.87 1,173,256.98
Book balance at Book balance at
-- --
period-begin period-end
III. total net value of fixed
106,307,832.97 -- 103,646,031.09
assets
Including: House &
94,990,566.95 -- 93,166,554.71
buildings
64
司公限有份股心中游旅海东大南海 2012 文全告报度年半年
Machinery equipments 6,306,699.70 -- 6,026,020.28
Transportation tools 1,249,669.83 -- 1,178,093.13
Electronic equipment 1,451,474.60 -- 1,346,004.46
Improvements 1,394,290.91 -- 726,790.40
Other equipment 915,130.98 -- 1,202,568.11
IV. total of impairment
35,297,102.09 -- 35,297,102.09
provision
Including: House &
32,449,653.81 -- 32,449,653.81
buildings
Machinery equipments 2,625,812.66 -- 2,625,812.66
Transportation tools --
Electronic equipment 21,643.05 -- 21,643.05
Improvements --
Other equipment 199,992.57 -- 199,992.57
V. total book value of fixed
71,010,730.88 -- 68,348,929.00
assets
Including: House &
62,540,913.14 -- 60,716,900.90
buildings
Machinery equipments 3,680,887.04 -- 3,400,207.62
Transportation tools 1,249,669.83 -- 1,178,093.13
Electronic equipment 1,429,831.55 -- 1,324,361.41
Improvements 1,394,290.91 -- 726,790.40
Other equipment 715,138.41 -- 1,002,575.54
Depreciation in this period amounting to 3,206,169.78 yuan; original price transfer from construction in progress to fixed assets
amounting as 0 yuan
(2) Temporary idle fixed assets
Unit: RMB
Depreciation Impairment
Item Original book value Net book value Note
accumulative provision
House & buildings 0.00
Machinery
0.00
equipments
Transportation
0.00
tools
Other equipment 230,710.58 20,306.92 199,992.57 10,411.09
(3) Fixed assets leasing-in by financing lease
□ Application √ non-application
65
司公限有份股心中游旅海东大南海 2012 文全告报度年半年
(4) Fixed assets leasing-out by operational lease
□ Application √ non-application
(5) Fixed assets held for sale in period-end non-application （（（（ ））））
(6) Fixed assets with un-completed property certificates non-application （（（（ ））））
（（（（
18. Construction in process non-application ））））
19. Construction materials （（（（ non-application ））））
（（（（
20. Disposal of fixed assets non-application ））））
21. Productive biological assets
(1) Measured by cost
□application √non-application
(2) Measured by fair value
□application √non-application
（（（（
22. oil/gas assets non-application ））））
23. Intangible assets
(1) Particular about intangible assets
Unit: RMB
Book balance at Book balance at
Item Increased in the period decreased in the period
period-begin period-end
I. total of original value 87,315,277.74 0.00 0.00 87,315,277.74
Land Use Right 87,315,277.74 87,315,277.74
II. total accumulated
28,145,087.60 434,363.58 0.00 28,579,451.18
amortization
Land Use Right 28,145,087.60 434,363.58 28,579,451.18
III. total net book value of
59,170,190.14 0.00 434,363.58 58,735,826.56
intangible assets
Land Use Right 59,170,190.14 434,363.58 58,735,826.56
IV. Accumulated
intangible asset 29,343,890.98 0.00 0.00 29,343,890.98
impairment provisions
66
司公限有份股心中游旅海东大南海 2012 文全告报度年半年
Land Use Right 29,343,890.98 29,343,890.98
Total of intangible asset
29,826,299.16 0.00 0.00 29,391,935.58
book value
Land Use Right 29,826,299.16 29,391,935.58
The amount amortized in this period accounting as 434,363.58 yuan
67
司公 限有 份股心 中游旅海 东大南海 2012
文全告报度年半年
(2) Expenditure of project development （（（（
non-application ））））
(3) Intangible assets without property certificate obtained （（（（
non-application ））））
（（（（
24. Goodwill non-application ））））
25. Long-term deferred expense
Unit: RMB
Balance at Increased in the Amortization Balance at Reasons for other
Item Other decrease
period-begin period during this period period-end decrease
程工料涂墙外店酒 1,079,936.26 147,264.06 932,672.20
程工水防面屋 291,666.67 49,999.98 241,666.69
Total 1,371,602.93 0.00 197,264.04 0.00 1,174,338.89 --
Explanation on long-term deferred expense:
Nil
26. Deferred income tax assets and deferred income tax liabilities
(1) Net amount of deferred income tax assets and deferred income tax liabilities before
deduction
□application √non-application
(2) Net amount of deferred income tax assets and deferred income tax liabilities after
deduction
□application √non-application
27. Details of asset impairment provision
Unit: RMB
Balance as at Increase during Decrease during this period Balance as at
Item
period-begin this period Reversal Written-off period-end
I. Bad debt reserve 80,037,858.19 80,037,858.19
II. Inventory falling price reserves 764,778.14 0.00 0.00 1,037.47 763,740.67
III. Impairment provision of financial assets
available for sale
IV. Impairment provision of investment
held to maturity
V. Long-term equity investment impairment
14,716,374.26 0.00 14,716,374.26
provision
VI. Investment real estate impairment
provision
68
司公 限有 份股心 中游旅海 东大南海 2012
文全告报度年半年
VII. Fixed asset impairment provision 35,297,102.09 35,297,102.09
VIII. Impairment provision for construction
materials
IX. Construction-in-process impairment
provision
X. Capitalized Biological assets impairment
provision
Including: Impairment provision for
maturity production biological assets
XI. oil assets impairment provision
XII. Intangible assets impairment provision 29,343,890.98 0.00 29,343,890.98
XIII. Goodwill impairment provision 0.00
XIV. other
Total 160,160,003.66 0.00 0.00 1,037.47 160,158,966.19
Explanation on asset impairment provision:
Nil
28. Other non-current assets （（（（
non-application ））））
（（（（
29. Short-term loans non-application ））））
30. Transactional financial liabilities （（（（ non-application ））））
31. Note payable （（（（
non-application ））））
31. Note payable
）））） （（（（
1
Unit: RMB
Item Amount as at period-end Amount as at period-begin
Within 1 year(including 1year) 1,535,499.16 3,294,219.31
1-2 years (including 2 years) 38,623.00 38,623.00
2-3years ((including 3 years 32,518.50 32,518.50
Over 3years 506,741.43 506,741.43
Total 2,113,382.09 3,872,102.24
(2)Accounts payable to shareholders holding 5% or above voting shares of the Company
69
司公 限有 份股心 中游旅海 东大南海 2012
文全告报度年半年
□ Application√ non-application
33. Account received in advance
）））） （（（（
1
Unit: RMB
Item Amount as at period-end Amount as at period-begin
Within 1 year(including 1year) 354,239.96 2,781,345.52
1-2 years (including 2 years) 673,291.48 673,291.48
2-3years ((including 3 years) 46,281.57 46,281.57
Over 3years 145,803.44 145,803.44
Total 1,219,616.45 3,646,722.01
(2)Accounts received in advance to shareholders holding 5% or above voting shares of the
Company
□ Application√ non-application
34. Wages payable
Unit: RMB
Balance as at Increase during this
Item Decrease during this period Balance as at period-end
period-begin period
I. Wage, bonus, allowance and
2,764,366.42 5,144,772.71 4,620,628.43 3,288,510.70
subsidy
II. Employees’ welfare 601,865.17 601,865.17
III. Social security 0.00 533,041.89 533,041.89 0.00
533,041.89 533,041.89
IV. Housing public reserve
V. Compensation from labor
relationship dismissed
VI. Other 785,739.86 179,363.50 70,760.70 894,342.66
785,739.86 179,363.50 70,760.70 894,342.66
Total 3,550,106.28 6,459,043.27 5,826,296.19 4,182,853.36
Wages payable has 0 yuan for arrears
Outlay for labor union and staff educational charge amounting as 894,342.66yuan; non-monetary welfare
amounting as 0 yuan and compensation for dismiss of labor relationship amounting to 0 yuan
The wages payable expected to pay and the amount for payment;
70
司公 限有 份股心 中游旅海 东大南海 2012
文全告报度年半年
Nil
35. Tax payable
Unit: RMB
Item Amount as at period-end Amount as at period-begin
VAT 135,982.62 135,982.62
Consumption tax
Business tax 51,125.80 225,381.48
Enterprise income tax -1,506,230.72 -1,702,702.80
Personal income tax
City maintenance and construction tax 3,578.81 15,776.70
Educational surcharge 2,556.29 11,269.07
Property right tax 1,740.27 278,423.34
Land use tax 3,000.00 72,393.00
Total -1,308,246.93 -963,476.59
Explanation on tax payable: if the local taxation bureau agrees mutual adjustment between vary branches
and plants, explain taxation calculation:
Nil
36. Interest payable （（（（ ））））
non-application
（（（（
37. Dividend payable non-application ））））
38. Other payables
）））） （（（（
1
Unit: RMB
Item Amount as at period-end Amount as at period-begin
Within 1 year(including 1year) 1,372,562.81 1,809,249.63
1-2 years (including 2 years) 902,729.00 902,729.00
2-3years (including 3 years) 201,033.27 201,033.27
3-4years(including 4 years) 23,033,183.14 23,033,183.14
Total 25,509,508.22 25,946,195.04
(2) Others payable due to shareholders units holding over 5% (5% included) voting shares
of the Company at period-end
√ Application □ non-application
Unit: RMB
71
司公 限有 份股心 中游旅海 东大南海 2012
文全告报度年半年
Unit Amount as at period-end Amount as at period-begin
Haikou Agriculture, Industry & Trade
565,332.56 800,000.00
(Luoniushan) Co., Ltd.
Total 565,332.56 800,000.00
(3) Explanation on other account payable with over one year age
Company Closing balance Reasons of un-paid Note
19,810,000.00 Shortage of fund
China Securities Regulatory Commission
1,065,059.86 Shortage of fund
Security Times
1,000,000.00 Margin
Sun Hongjie
Haikou Agriculture, Industry & Trade 565,332.56 Owe to related party
(Luoniushan) Co., Ltd.
(4) Explanation on unit of major connected amount for other account payable
Company Closing balance Nature/content Note
19,810,000.00
China Securities Regulatory Commission Forfeit due to manipulating
company stock
1,065,059.86
Security Times Affiche fee
1,000,000.00 Margin
Sun Hongjie
Haikou Agriculture, Industry & Trade 565,332.56 Corresponding payment
(Luoniushan) Co., Ltd.
39. Predicted liability (non-application)
40、、、、
40. Non-current liability due within one year(non-application)
41、、、、
41. Other current liability(non-application)
42. Long-term loan
(1) Category of long-term loans (non-application)
(2) Top five long-term loans (non-application)
43. Bond payable (non-application)
44. Long-term account payable (non-application)
72
司公 限有 份股心 中游旅海 东大南海 2012
文全告报度年半年
45. Specific account payable (non-application)
46. Other non-current liability (non-application)
47. Share capital
Unit: RMB
Increased (decreased) in this year
Amount at Shares Amount at
New shares
period-begin Bonus shares converted from Other Sub-total period-end
issued
public reserve
Total of shares 364,100,000 0 0 0 0 0 364,100,000
Explanation on share capital changes, if there has capital increase/decrease in reporting period, disclosed the CPA’s
name and verification documents; for company limited within 3 years operation, explain the net assets before
establishment; for those company limited changed from limited liability company, explain the verification
condition while established.
Nil
48. Stock shares
Explanation on stock shares:
Nil
49. Specific Reserve
Explanation on specific Reserve:
Nil
50. Capital reserves
Unit: RMB
Decrease during this Amount at
Item Amount at period-begin Increase during this period
period period-end
Capital premium (Share capital
33,336,215.58 33,336,215.58
premium)
Other capital reserve 20,806,634.43 20,806,634.43
Total 54,142,850.01 0.00 0.00 54,142,850.01
Explanation on capital reserve:
Increase Decrease
Amount at Amount at
Item during this during this
period-begin period-end
period period
1. Share premium 33,336,215.58 33,336,215.58
(1) Capital contributed by investors 33,336,215.58 33,336,215.58
(2) Effects of combinations of entities under common
73
司公 限有 份股心 中游旅海 东大南海 2012
文全告报度年半年
control
(3) Others
Subtotal 33,336,215.58 33,336,215.58
2. Other capital reserves 20,806,634.43 20,806,634.43
(1) Other changes in owners' equity except net gains or
losses of investee
(2) Gains or losses arising from changes in fair values of
financial assets available for sale
(3) Transfer from capital reserves under the original
system
(4) Balances of relocation compensations granted by the
government due to relocations concerning public interest
(5) Others 20,806,634.43 20,806,634.43
Subtotal 20,806,634.43 20,806,634.43
Total 54,142,850.01 54,142,850.01
（（（（
51. Surplus reserves non-application ））））
52. General risk provision
Explanation on general risk provision:
Nil
53. Undistributed profits
Unit: RMB
Withdrawal or Allocation
Item Amount
Ratio
Undistributed profits at the end of last year
-336,257,724.19 --
before adjustment
Adjust the total undistributed profits at the
--
beginning of the year (Increase +, Decrease -)
Undistributed profits at the beginning of the
-336,257,724.19 --
year after adjustment
Increase: The net profits belong to owners of
589,416.25 --
patent company of this period
Decrease: Withdraw legal surplus reserves
74
司公 限有 份股心 中游旅海 东大南海 2012
文全告报度年半年
Withdraw free surplus reserves
Withdraw general risk reserves
Handle common stock dividends
Common stock dividends transferred to be
capital stock
Undistributed profits at the end of the period -335,668,307.94 --
Details about adjusting the undistributed profits at the beginning of the year:
1) The retroactive adjustments to Accounting Standards for Business Enterprises and its relevant new regulations
affect the undistributed profits at the beginning of the year amounting to 0 Yuan.
2) The changes in accounting policies affect the undistributed profits at the beginning of the year amounting to 0
Yuan.
3) The major accounting error correction affects the undistributed profits at the beginning of the year amounting
to 0 Yuan.
4) Merge scope changes caused by the same control affect the undistributed profits at the beginning of the year
amounting to 0 Yuan.
5) Other adjustments affect the undistributed profits at the beginning of the year amounting to 0 Yuan.
The undistributed profits explain that the company initial public offering bonds should clearly state if the
accumulated profits are decided to be shared by old and new shareholders by general meeting of stockholders
before issuing; while the company should clearly disclose that the profits in the dividends payable belong to old
shareholders after auditing if the general meeting of stockholders decides the accumulated profits are allocated and
shared by old shareholders before issuing.
Nil
54. Operating income and cost
(1) Operating income and cost
Unit: RMB
Item Amount of this period Amount of last period
Main operating income 20,425,639.30 18,467,961.40
Other operating income
Operating cost 3,022,082.13 3,393,494.71
(2) Primary business (By industries)
√ Applicable □ Not Applicable
75
司公 限有 份股心 中游旅海 东大南海 2012
文全告报度年半年
Unit: RMB
Amount of this period Amount of last period
Industry name
Operating income Operating cost Operating income Operating cost
Tourism diet service 20,425,639.30 3,022,082.13 18,467,961.40 3,393,494.71
Total 20,425,639.30 3,022,082.13 18,467,961.40 3,393,494.71
(3) Primary business (By products)
√ Applicable □ Not Applicable
Unit: RMB
Amount of this period Amount of last period
Products name
Operating income Operating cost Operating income Operating cost
Guest room 15,662,395.50 5,168.33 13,688,094.00 8,786.87
Food and beverage 4,763,243.80 3,016,913.80 4,779,867.40 3,384,707.84
Total 20,425,639.30 3,022,082.13 18,467,961.40 3,393,494.71
(4) Primary business (By districts)
√ Applicable □ Not Applicable
Unit: RMB
Amount of this period Amount of last period
District
Operating income Operating cost Operating income Operating cost
Hainan province 20,425,639.30 3,022,082.13 18,467,961.40 3,393,494.71
Total 20,425,639.30 3,022,082.13 18,467,961.40 3,393,494.71
(5) The operating income of the top five customers of the Company
Unit: RMB
The percentage in all operating income of the Company
Customer name Primary business income
(%)
PEGAS Zheng Qingbo 4,390,653.00 21.5%
Hainan Chengda International
1,007,380.00 4.93%
Tourism Ltd.
Sanya Baishun International
506,350.00 2.48%
Tourism Ltd.
Sanya Shengda International
501,300.00 2.45%
Tourism Ltd.
76
司公 限有 份股心 中游旅海 东大南海 2012
文全告报度年半年
South Red Cross 391,380.00 1.92%
Total 6,797,063.00 33.28%
Introductions to operating income
Nil
55. Contract item income
√ Applicable □ Not Applicable
56. Business tax and surcharges
Unit: RMB
Item Amount of this period Amount of last period Calculating and payment standards
Consumption tax
Business tax 1,021,281.97 923,398.08 5
City maintenance and construction
71,489.74 64,637.87 7
tax
Education surcharge 30,638.46 27,701.95 3
Resources tax
Local education surcharge 20,425.65 18,467.97 2
Total 1,143,835.82 1,034,205.87 --
Introductions to business tax and surcharges
Nil
57. Income of fair value changes （（（（
non-application ））））
58. Investment income
(1) Particulars about investment income
Unit: RMB
Item Amount of this period Amount of last period
Income of long-term equity investment calculated
based on cost
Income of long-term equity investment calculated
3,932.08
based on equity
77
司公 限有 份股心 中游旅海 东大南海 2012
文全告报度年半年
Investment income obtained from disposal of
long-term equity investment
Investment income obtained during holding trading
financial assets
Investment income obtained during held-to-maturity
investment gaining investment income
Investment income obtained during holding
available-for-sale financial assets
Investment income obtained by handling trading
financial assets
Investment income obtained from held-to-maturity
investment
Investment income obtained from available-for-sale
financial assets
Others
Total 3,932.08
(2) Income of long-term equity investment calculated based on cost non-application （（（（ ））））
(3) Income of long-term equity investment calculated based on equity
Unit: RMB
Company name Amount of this period Amount of last period Reasons of change (+,-)
Hainan Luoniushan Agriculture Income from new investment in this
3,932.08
Technology Co., Ltd period
Total 3,932.08 --
Investment income description: It should be introduced if there is significant restrictions to
repatriation of investment income; it also should be introduced if there is no this kind of
significant restrictions.
Nil
59. Asset impairment loss
Unit: RMB
Item Amount of this period Amount of last period
1. bad debt loss
2. inventory falling price loss -1,037.47 -655.94
3. impairment loss of available-for-sale financial assets
78
司公 限有 份股心 中游旅海 东大南海 2012
文全告报度年半年
4. impairment loss of held-to-maturity investment
assets
5. impairment loss of long-term equity investment
6. impairment loss of investment real estate
7. impairment loss of fixed assets
8. impairment loss of project goods and material
9. impairment loss of construction in process
10. impairment loss of productive living beings
11. impairment loss of oil gas
12. impairment loss of intangible assets
13. goodwill impairment loss
14. Others
Total -1,037.47 -655.94
60. Non-operating income
）））） （（（（
1
Unit: RMB
Item Amount of this period Amount of last period
Non-current assets disposal gains 3,920.00 8,190.00
thereinto: fixed assets disposal gains 3,920.00 8,190.00
intangible assets disposal gains
debt restructuring gains
exchange of non-monetary assets gains
accepting donations
government grants 20,000.00
Compensation income 87,630.00 183,776.00
Other 66,562.05 33,640.60
Total 158,112.05 245,606.60
(2) Details of government grants
Unit: RMB
Item Amount of this period Amount of last period Note
government grants 0.00 20,000.00
79
司公 限有 份股心 中游旅海 东大南海 2012
文全告报度年半年
Total 20,000.00 --
Introductions to on-operating income
Nil
61. Non-operating expenditure
Unit: RMB
Item Amount of this period Amount of last period
Non-current assets disposal losses 1,173.46
thereinto: fixed assets disposal losses
intangible assets disposal losses
debt restructuring losses
exchange of non-monetary assets losses
donations
Total 1,173.46
Introductions to on-operating expenditure
Nil
62. Income tax expense
Unit: RMB
Item Amount of this period Amount of last period
current income tax calculated based on tax law and relevant
rules
deferred income tax adjustment
Income tax expense in this year 196,472.08
Total 196,472.08
63. The computational process of basic EPS (earnings per share) and diluted EPS
Nil
64. Other consolidated income （（（（
non-application））））
65. Notes to statement of cash flow
(1) Other cash received in relation to operation activities
Unit: RMB
80
司公 限有 份股心 中游旅海 东大南海 2012
文全告报度年半年
Item Amount
Income from compensation 87,630.00
Interest income 22,990.40
corresponding amount 5,400.00
Other 292,720.39
Total 408,740.79
Explanation on other cash received in relation to operation activities
Nil
(2) Other cash paid in relation to operation activities
Unit: RMB
Item Amount
selling expense, management fee 2,026,398.02
Financial expenses 180,331.52
Other 909,862.17
Total 3,116,591.71
Explanation on other cash paid in relation to operation activities
Nil
(3) Cash received from other investment activities （（（（
non-application ））））
(4) Cash paid related with investment activities （（（（
non-application ））））
(5) Other cash received in relation to financing activities non-application （（（（ ））））
(6) Cash paid related with financing activities （（（（
non-application ））））
66. Supplementary information to statement of cash flow
(1) Supplementary information to statement of cash flow
Unit: RMB
Amount as at previous
Supplementary information Amount as at this period
period
1 ． Net profit adjusted to cash flow of operation activities ： -- --
Net profit 589,416.25 -1,635,132.91
Add: assets impairment losses
Depreciation of fixed assets, consumption of oil assets and depreciation
3,207,296.32 3,133,201.85
of productive biology assets
Amortization of intangible assets 434,363.58 434,363.58
Amortization of long-term deferred expenses 197,264.04 28,249.99
Loss from disposal of fixed assets, intangible assets and other long-term -2,746.54 -7,390.00
81
司公 限有 份股心 中游旅海 东大南海 2012
文全告报度年半年
assets(gain is listed with “-”)
Loss of disposing fixed assets(gain is listed with “-”)
Loss from change of fair value(gain is listed with “-”)
Financial expenses (gain is listed with “-”) 44,000.00
Investment loss (gain is listed with “-”) -43,398.28
Decrease of deferred income tax asset( (increase is listed with “-”)
Increase of deferred income tax liability (decrease is listed with “-”)
Decrease of inventory (increase is listed with “-”) 336,677.78 -52,108.80
Decrease of operating receivable accounts (increase is listed with “-”) -668,496.69 -1,388,128.68
Increase of operating payable accounts (decrease is listed with “-”) -4,334,535.79 -111,784.41
Others
Net cash flow arising from operating activities -284,159.33 445,270.62
2. Material investment and financing not involved in cash flow -- --
Liabilities converted to capital
Convertible bond expire in 1 year
Fixed assets leased through financing
3. Net change of cash and cash equivalents ： -- --
Balance of cash at period end 2,547,675.25 2,233,728.81
Less: Balance of cash at year-begin 12,374,582.48 3,104,278.19
Plus: Balance of cash equivalents at the period end
Less: Balance of cash equivalent at year-begin
Net increasing of cash and cash equivalents -9,826,907.23 -870,549.38
(2) Relevant information about obtaining/disposal of subsidiary and other business unit in
report period
Unit: RMB
Supplementary Amount in this period Amount in last period
I. Relevant information about obtaining subsidiary and other business
-- --
units:
1. Price of obtaining subsidiary and other business units
2. Cash and cash equivalent paid for obtaining subsidiary and other
business units
Less: Cash and cash equivalent held by subsidiary and other
business units
82
司公 限有 份股心 中游旅海 东大南海 2012
文全告报度年半年
3. Net cash paid for obtaining subsidiary and other business unit
4. Net assets obtained from subsidiary 0.00 0.00
Current assets
Non-current assets
Current liability
Non-current liability
II. Relevant information about disposal of subsidiary and other
-- --
business units:
1. Price of disposal of subsidiary and other business units
2. Cash and cash equivalent received from disposal of subsidiary and
other business units
Less: Cash and cash equivalent held by subsidiary and other business
units
3. Net cash received from disposal of subsidiary and other business
units
4. Disposal of net assets 0.00 0.00
Current assets
Non-current assets
Current liability
Non-current liability
(3) Constitution of cash and cash equivalent:
Unit: RMB
Item Balance as at period-end Balance as at period-begin
Ⅰ . Cash 2,547,675.25 12,374,582.48
Including: stock cash 972,839.73 780,895.53
Bank deposit available for payment at any time 1,574,835.52 11,536,618.08
Other monetary fund available for payment at any time 57,068.87
Account available for payment that saving in central
bank
account save interbank
account split interbank
Ⅱ . Cash equivalent
Including: bond investment matured within 3 months
、Ⅲ Balance of cash and cash equivalent at year-end 2,547,675.25 12,374,582.48
Explanation on constitution of cash and cash equivalent:
83
司公 限有 份股心 中游旅海 东大南海 2012
文全告报度年半年
Nil
67. Notes of changes of owners’ equity
Explain the name and adjusted amount in “Other” at end of last period as well as the retroactive adjustment arising
from enterprise combination under same control:
Nil
(VIII) Accounting treatment of assets securitization
1. Explain the main exchange of assets securitization and its accounting treatment and provision of
bankruptcy-remote
Nil
2. Subject of special purpose without controlling rights on hand by actually bear the risks
（（（（
non-application ））））
(IX) Related Parties and Transactions
1. Parent company of the Company
Unit: RMB
Proportio Proportio
n of n of
Final
Legal shares voting
Parent Relations Registrati Business Registere controller Organizat
Nature representa Currency held to right to
company hip on place nature d capital of the ion code
tive the the
Company
Company Company
(%) (%)
Haikou
Agricultu Hainan
re, Controllin Luoniush
Industry g Listed 880,132,0 an 28408974
Haikou Xu Zili Planting CNY 16.81% 16.81%
& Trade sharehold company 00.00 Holding -7
(Luonius er Group
han) Co., Co., Ltd
Ltd.
Explanation on parent company of the enterprise
On 29 January 2010, the Company received “the confirmation book of security transfer” issued by Shenzhen
Branch of China Security Registration & Settlement Ltd from Haikou Agriculture, Industry & Trade (Luoniushan)
Co., Ltd., it confirmed that 60 million A shares held by Haikou Food Ltd has transferred to Haikou Agriculture,
Industry & Trade (Luoniushan) Co., Ltd. After this transfer, Haikou Agriculture, Industry & Trade (Luoniushan)
Co., Ltd. held 60 million A shares and account for 16.48% of the Company, be the largest shareholder of the
Company.
84
司公 限有 份股心 中游旅海 东大南海 2012
文全告报度年半年
2. Subsidiary of the Company (non-application)
3. Details of joint-venture and affiliated enterprise of the Company (non-application)
4. Particulars about other related parties (non-application)
5. Related transaction
(1) Statement of commodity purchased and labor service received (non-application)
Statement of commodity sales and labor service provided
Unit: RMB
Pricing way and Amount in this period Amount in last period
Related party Content decision making Ratio in similar Ratio in similar
Amount Amount
procedures transactions (%) transactions (%)
Haikou
Agriculture, Industry
& Trade Accommodation Market Price 247,602.44 1.21% 79,794.06 0.43%
(Luoniushan) Co.,
Ltd.
(2) Related trusteeship/contract (non-application)
(3) Related leasing (non-application)
(4) Related guarantee (non-application)
(5) Borrowed funds from related party (non-application)
(6) Assets transfer, debt restructure of related party (non-application)
(7) Other related transactions
Nil
6. Account receivable/payable for related parties
Account receivable from related parties
Unit: RMB
Amount at
Item Related parties Amount at period-begin
period-end
Haikou Agriculture, Industry & Trade
Accommodation 12,935.00 37,290.19
(Luoniushan) Co., Ltd.
Account payable for related parties
Unit: RMB
85
司公 限有 份股心 中游旅海 东大南海 2012
文全告报度年半年
Amount at
Item Related parties Amount at period-begin
period-end
Haikou Agriculture, Industry & Trade
Business dealings 565,332.56 800,000.00
(Luoniushan) Co., Ltd.
(X) Share payment
1. General particular about share payment (non-application)
2. Share payment settled by equity (non-application)
3. Share payment settled by cash (non-application)
4. Service payment for shares (non-application)
5. Particular about amendment of share payment and its termination
Nil
(XI) Contingent events
1. Contingent liability and its financial influence formed by un-settle lawsuits or arbitration
Nil
2. Contingent liability and its financial influence formed from debt guarantee offered to
other units
Nil
Other contingent liability and its financial influence:
Nil
(XII) Commitments
1. Large commitments
Nil
2. Profit distribution after balance sheet date
Nil
(XIII) Subsequent events of balance sheet
1. Explanation on major event after balance sheet date (non-application)
2. Profit distribution after balance sheet date (non-application)
3. Other explanation after balance sheet date
Nil
(XIV) Other explanations on major event
1. Non-monetary asets exchange
Nil
86
司公 限有 份股心 中游旅海 东大南海 2012
文全告报度年半年
2. Debt reorganization
Nil
3. Enterprise combination
Nil
4. Leasing
Nil
5. Financial instrument issued outside and convertible to shares in report period
Nil
6. Main content of annuity plan and major changes
Nil
7. Other events needs disclosure
Nil
(XV) Principle notes of financial statements of parent company
1. Accounts receivable
(1) Accounts receivable (non-application)
(2) Accounts receivable switched back or taken back during the report period
（（（（
non-application ））））
(3) Accounts receivable should be cancelled after verification during the report period
（（（（
non-application ））））
(4) Shareholder units holding more than 5 %( Including 5%) voting shares of the Company
in accounts receivable during the report period
□Applicable √Not Applicable
(5) Properties and contents of other accounts receivable with large amount
Nil
87
司公 限有 份股心 中游旅海 东大南海 2012
文全告报度年半年
(6) Units with top five accounts receivable amount (non-application)
(7) Accounts receivable of related party (non-application)
）））） （（（（
8
Transferring amount is 0 Yuan for accounts receivable not conforming to terminate the
confirmation.
(9) It is required to introduce the relevant transaction arrangement for asset securitization
taking accounts receivables as the standard
Nil
2. Other accounts receivable
(1) Other accounts receivable (non-application)
(2) Other accounts receivable switched back or taken back during the report period
(non-application)
(3) Other accounts receivable should be cancelled after verification during the report period
(Non-application)
(4) Shareholder units holding more than 5% (Including 5%) voting shares of the Company
in other accounts receivable during the report period
□Applicable √Not Applicable
(5) Properties and contents of other accounts receivable with large amount
Nil
88
司公 限有 份股心 中游旅海 东大南海 2012
文全告报度年半年
(6) Units with top five other accounts receivable amount (non-application)
(7) Other accounts receivable of related party (non-application)
）））） （（（（
8
Transferring amount is 0 Yuan for other accounts receivable not conforming to terminate
the confirmation
(9) It is required to introduce the relevant transaction arrangement for asset securitization
taking other accounts receivables as the standard
Nil
3. Long-term equity investment (non-application)
4. Operating income and cost
(1) Operating income and cost
Unit: RMB
Item Amount of this period Amount of last period
Main operating income
Other operating income
Operating cost 3,022,082.13 3,393,494.71
Total
(2) Primary business (By industries)
□Applicable √Not Applicable
(3) Primary business (By products)
□Applicable √Not Applicable
(4) Primary business (By districts)
□Applicable √Not Applicable
89
司公 限有 份股心 中游旅海 东大南海 2012
文全告报度年半年
(5) The operating income of the top five customers of the Company (non-application)
5. Investment income
(1) Particulars about investment income
Unit: RMB
Item Amount of this period Amount of last period
Income of long-term equity investment calculated based on
cost
Income of long-term equity investment calculated based on
3,932.08
equity
Investment income obtained from disposal of long-term
equity investment
Investment income obtained during holding trading financial
assets
Investment income obtained during held-to-maturity
investment gaining investment income
Investment income obtained during holding available-for-sale
financial assets
Investment income obtained by handling trading financial
assets
Investment income obtained from held-to-maturity
investment
Investment income obtained from available-for-sale financial
assets
Others
Total 3,932.08
(2) Income of long-term equity investment calculated based on cost (non-application)
(3) Income of long-term equity investment calculated based on equity (non-application)
6. Supplementary information of cash flow statement
Unit: RMB
Amount of the current
Supplementary information Amount of the last period
period
1. adjust the net profits to be cash flow for operating activities -- --
90
司公 限有 份股心 中游旅海 东大南海 2012
文全告报度年半年
net profits 589,416.25 -1,635,132.91
Add: assets impairment preparation
fixed assets depreciation, oil-and-gas assets loss , productive living beings
depreciation
intangible assets amortization
long-term deferred expenses amortization
losses from handling fixed assets, intangible assets and assets(profits fill
with “-“ )
loss on retirement of fixed assets(profits fill with “-“ )
fair value change loss(profits fill with “-“ )
financial costs(profits fill with “-“ )
investment losses(profits fill with “-“)
deferred income tax assets decrease(increases fill with “-“ )
deferred income tax liabilities increase(decreases fill with “-“ )
stock decreases(increases fill with “-“ )
operating receivables decrease(increases fill with “-“ )
operating payables increase(decreases fill with “-“ )
Others
cash flow net amount generated by operating activities -284,159.33 445,270.62
2. significant investment financial activities not involving and cash deposit
-- --
and withdrawal
debt turns to capital
convertible bonds due in one year
fixed assets financed by leasing
3. net changes of cash and cash equivalents -- --
ending balance of cash
decrease: opening balance of cash
increase: ending balance of cash equivalents
decrease: opening balance of cash equivalents
net increase of cash and cash equivalents -9,826,907.23 -870,549.38
91
司公 限有 份股心 中游旅海 东大南海 2012
文全告报度年半年
7. Assets and liabilities enter into the account book with assessed value by counter purchase
(non-application)
(XVI) Supplementary Information
1. REO and earnings per share
Unit: RMB
Earnings per share
Profits during report period Weighted average ROE (%)
Basic EPS diluted EPS
net profits belong to common stock stockholders of the
0.72% 0.0016 0.0016
Company
net profits belong to common stock stockholders of the
0.53% 0.0012 0.0012
Company after deducting nonrecurring gains and losses
2. Abnormalities and reasons of the accounting statement items of the Company
Nil
IX File catalog for future reference
File catalog for future reference
1. Semi-annual reports with the president’s own signature;
2. financial report with signature of legal representative, finance employee in charge and
accountant in charge;
3. The original manuscripts of all documents and announcements of the Company publicly
disclosed on Securities Times and Hong Kong Commercial Daily during the report period;
4. Other relevant files. The above documents are place in the security department of the Company
Chairman: Li Yuanbin
Submit date approved by the board of directors: 27 August 2012
92
