股票代码：600054 股票简称：黄山旅游
黄山旅游发展股份有限公司2008年半年度报告摘要
? 重要提示
1.1 本公司董事会和监事会及董事、监事、高级管理人员保证本报告所载资料不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性负个别及连带责任。
本半年度报告摘要摘自半年度报告全文，报告全文同时刊载于上海证券交易所网站(http://www.sse.com.cn)。投资者欲了解详细内容，应当仔细阅读半年度报告全文。
1.2 公司半年度财务报告未经审计。
1.3 公司不存在大股东占用资金情况.
1.4 公司董事长程迎峰先生,总裁、主管会计工作负责人许继伟先生及会计机构负责人何益飞先生声明：保证半年度报告中财务报告的真实、完整。
1.5 本摘要分别以中、英文编制，在对中英文本的理解上发生歧义时，以中文文本为准。
? 上市公司基本情况
2.1 基本情况简介
股票简称 A股简称：黄山旅游 B股简称：黄山B股
股票代码 A股代码：600054 B股代码：900942
上市证券交易所 上海证券交易所
董事会秘书 证券事务代表
姓名 黄慧敏 黄嘉平
联系地址 安徽黄山风景区温泉黄山旅游发展股份有限公司董事会办公室
电话 0559-5580567 0559-5580526
传真 0559-5580505 0559-5580505
电子信箱 Hshhm666@126.com hstd56@126.com
2.2 主要财务数据和指标
2.2.1主要会计数据和财务指标 单位：人民币元
本报告期末 上年度期末
总资产 1,584,101,043.09 1,542,008,209.82
所有者权益（或股东权益） 1,093,861,132.61 1,017,944,345.72
每股净资产(元) 2.32 2.16
报告期（1－6月） 上年同期
================续上表=========================
本报告期末比上年度
期末增减（％）
总资产 2.73
所有者权益（或股东权益） 7.46
每股净资产(元) 7.46
本报告期比上年同期
增减（％）
营业利润 112,104,799.71 112,433,917.36
利润总额 111,201,183.54 112,452,031.21
净利润 75,916,786.89 68,514,064.04
扣除非经常性损益后的净利润 76,594,499.02 68,501,927.76
基本每股收益(元) 0.16 0.15
扣除非经常性损益后的基本每股收 0.16 0.15
益(元)
稀释每股收益(元) 0.16 0.15
净资产收益率(%) 6.94 8.25
经营活动产生的现金流量净额 27,873,161.89 141,687,110.90
每股经营活动产生的现金流量净额 0.06 0.31
================续上表=========================
营业利润 -0.29
利润总额 -1.11
净利润 10.80
扣除非经常性损益后的净利润 11.81
基本每股收益(元) 6.81
扣除非经常性损益后的基本每股收 7.78
益(元)
稀释每股收益(元) 6.81
净资产收益率(%) 减少1.31个百分点
经营活动产生的现金流量净额 -80.33
每股经营活动产生的现金流量净额 -80.76
2.2.2非经常性损益项目
√适用 □不适用
单位： 人民币元
非经常性损益项目 年初至报告期期末金额
非流动资产处置损益 26,621.13
除上述各项之外的其他营业外收支净额 -930,237.30
减：所得税影响数 225,904.04
合计 -677,712.13
2.2.3国内外会计准则差异
□适用 √不适用
? 股本变动及股东情况
3.1 股份变动情况表
□适用 √不适用
3.2 前10名股东、前10名流通股股东或无限售条件股东持股情况表
前十名股东持股情况（截至2008年6月30日） 单位：股
报告期末股东总数 共 49,065户（其中A股股东27,913户，B股股东21,152户）
前10名股东持股情况
股东 持股比例
股东名称（全称） 持股总数
性质 （％）
1.黄山旅游集团有限公司 国有股东 41.95 197,730,000
2.PINPOINTCHINAFUND 其他 2.08 9,798,924
3.GAO-LINGFUND,L.P 其他 1.41 6,646,945
4.GOLDENCHINAMASTERFUND 其他 1.29 6,097,078
5.丰和价值证券投资基金 其他 1.27 6,000,000
6.SHENYINWANGGUONOMINEES(H.K)LTD. 其他 1.15 5,399,390
================续上表=========================
质押或冻
持有有限售条
股东名称（全称） 结的股份
件股份数量
数量
1.黄山旅游集团有限公司 197,730,000 无
2.PINPOINTCHINAFUND 0 未知
3.GAO-LINGFUND,L.P 0 未知
4.GOLDENCHINAMASTERFUND 0 未知
5.丰和价值证券投资基金 0 无
6.SHENYINWANGGUONOMINEES(H.K)LTD. 0 未知
7.SCHRODERSKOREALIMITED 其他 1.08 5,113,800 0 未知
8.SCHRODERINTERNATIONALSELECTION 其他 1.03 4,868,810 0 未知
FUND
9.中国农业银行—中邮核心成长股票型 其他 1.03 4,864,684 0 无
证券投资基金
10.GUOTAIJUNANSECURITIES(HONGKONG) 其他 0.99 4,679,761 0 未知
LIMITED
前10名无限售条件股东持股情况
持有无限售条件股
股东名称 份数量
1.PINPOINTCHINAFUND 9,798,924
2.GAO-LINGFUND,L.P 6,646,945
3.GOLDENCHINAMASTERFUND 6,097,078
4.丰和价值证券投资基金 6,000,000
5.SHENYINWANGGUONOMINEES(H.K)LTD. 5,399,390
6.SCHRODERSKOREALIMITED 5,113,800
7.SCHRODERINTERNATIONALSELECTIONFUND 4,868,810
8.中国农业银行—中邮核心成长股票型证券投资基金 4,864,684
9.GUOTAIJUNANSECURITIES(HONGKONG)LIMITED 4,679,761
10.中国建设银行—信达澳银领先增长股票型证券投资基金 3,900,714
================续上表=========================
股东名称 股份种类
1.PINPOINTCHINAFUND B股
2.GAO-LINGFUND,L.P B股
3.GOLDENCHINAMASTERFUND B股
4.丰和价值证券投资基金 A股
5.SHENYINWANGGUONOMINEES(H.K)LTD. B股
6.SCHRODERSKOREALIMITED B股
7.SCHRODERINTERNATIONALSELECTIONFUND B股
8.中国农业银行—中邮核心成长股票型证券投资基金 A股
9.GUOTAIJUNANSECURITIES(HONGKONG)LIMITED B股
10.中国建设银行—信达澳银领先增长股票型证券投资基金 A股
上述股东关联关系或一致行动的说明 公司未知上述股东之间有无关联
关系或一致行动关系
3.3控股股东及实际控制人变更情况
□适用 √不适用
? 董事、监事和高级管理人员情况
4.1 董事、监事和高级管理人员持股变动
□适用 √不适用
? 董事会报告
报告期内，雪灾、地震和洪涝等不确定性自然灾害的影响给国内旅游业带来了一定的冲击，公司经营业绩也受到不同程度的影响。
面对严峻的形势，公司积极应对，全面树立“安全第一，预防为主”意识，及时在市场营销、提升品质、增收节支等方面出台了系列措施，尽快启动灾后市场，争取把自然灾害对公司业绩的影响降低到最小程度。由于市场转暖及措施得力，进入七月份以来，来山游客人数已逐步回升，公司的经营运作亦转回正常。
2008年1-6月份，公司累计接待入山游客89.52万人次，同比减少0.54%；上半年公司完成营业收入43,381.75万元，同比增长4.81%；实现净利润8,225.36万元(归属于母公司的净利润为7,592万元)，同比增长10.93%。
5.1 主营业务分行业、产品情况表
单位：人民币元
营业收入
毛利率
分行业或分产品 营业收入 营业成本 比上年同
(%)
期增减（%）
酒店业务 109,663,010.71 74,297,037.13 32.25 10.55
索道业务 105,262,722.63 27,566,638.57 73.81 8.96
园林开发业务 165,327,309.00 95,952,902.94 41.96 -6.06
旅游服务业务 96,218,030.54 92,359,549.13 4.01 31.91
各业务分部间相互 49,781,247.53 33,662,344.64
抵销
================续上表=========================
营业成本比 毛利率比
分行业或分产品 上年同期增 上年同期
减（%） 增减（%）
酒店业务 18.86 -4.72
索道业务 16.25 -1.64
园林开发业务 -7.55 0.93
旅游服务业务 33.19 -0.92
各业务分部间相互
抵销
其中：报告期内上市公司向控股股东及其子公司销售产品和提供劳务的关联交易总金额为6500元。
5.2 主营业务分地区情况
本公司主营业务收入主要集中在黄山市境内。
5.3 主营业务及其结构发生重大变化的原因说明
□适用 √不适用
5.4主营业务盈利能力（毛利率）与上年相比发生重大变化的原因说明
□适用 √不适用
5.5利润构成与上年度相比发生重大变化的原因分析
□适用 √不适用
5.6 募集资金使用情况
5.6.1 募集资金运用
√适用 □不适用
2007年7月，公司以非公开发行的方式发行1,700万股A股，募集资金净额30,040万元,全部用于云谷索道改建工程和新建、改扩建酒店项目。
（单位：万元）
报告期使用募集资金总额
募集资金总额 30,040 已累计使用募集资金总额
承诺项目 是否变 拟投入 实际投入 是否符合
更项目 金额 金额 计划进度
云谷索道改建工程 否 11,099.20 11,099.20 是
黄山国际大酒店改 否 3,596.71 3,596.71 是
扩建工程
黄山轩辕国际大酒 否 15,343.76 15,343.76 是
店（位于北大门）
合计 30,039.67 30,039.67
================续上表=========================
4,007.22
募集资金总额 30,039.67
承诺项目 产生收益情况
云谷索道改建工程 2,397
黄山国际大酒店改 -131
扩建工程
黄山轩辕国际大酒 6月底建成试运营
店（位于北大门）
合计 2,266
5.6.2变更项目情况
√适用 □不适用
经公司三届十六次董事会及2006年第二次临时股东大会审议，拟将前次尚未使用的募集资金 2,200 万元变更用于向黄山市花山谜窟旅游开发有限责任公司增资（详见公司2006年11月11日刊登于《上海证券报》、《证券时报》及上海证券交易所网站公司公告）。
鉴于屯溪花山旅游开发有限公司对该增资扩股方案存有分歧意见，为提高资金使用效率，保护公司和股东权益，经公司2007年度股东大会审议批准，公司将上述前次募集资金余额2200万元变更为对公司全资子公司黄山旅游桃花溪房地产开发有限公司进行增资，报告期该项目正按计划进行中。
5.7 董事会下半年的经营计划修改计划
□适用 √不适用
5.8 预测年初至下一报告期期末的累计净利润可能为亏损或者与上年同期相比发生大幅度变动的警示及原因说明
□适用 √不适用
5.9 公司董事会对会计师事务所本报告期“非标准审计报告”的说明
□适用 √不适用
5.10 公司董事会对会计师事务所上年度“非标准审计报告”涉及事项的变化及处理情况的说明
□适用 √不适用
? 重要事项
6.1 收购、出售资产及资产重组
6.1.1收购资产
□适用 √不适用
6.1.2出售资产
□适用 √不适用
6.1.3 自资产重组报告书或收购出售资产公告刊登后，该事项的进展情况及对报告期经营成果与财务状况的影响。
□适用 √不适用
6.2 担保事项
□适用 √不适用
6.3 非经营性关联债权债务往来
√适用 □不适用
单位： 人民币 万元
向关联方提供资金 关联方向上市公司提供资金
关联方 发生额 余额 发生额 余额
黄山旅游集团 6,073.58
港中旅 2,614.38
中国中旅 670
6.4重大诉讼仲裁情况
□适用 √不适用
6.5 其他重大事项及其影响和解决方案的分析说明
6.5.1 证券投资情况
□适用 √不适用
6.5.2 公司持有非上市金融企业股权的情况
√适用 □不适用
持有对象名称 最初投资成本 （元）持股数量 占该公司股权比例
华安证券有限责任公司 100,000,000.00 4.54％
小计 100,000,000.00 4.54％
================续上表=========================
持有对象名称 期末帐面价值（元）
华安证券有限责任公司 31,580,000.00
小计 31,580,000.00
6.5.3公司持股5%以上股东2008年自愿追加股份限售承诺的情况
√适用 □不适用
（1）黄山旅游集团承诺其持有的黄山旅游有限售条件的股份数197,730,000股，在原股改承诺可上市交易时间的基础上自愿继续锁定2年。见下表：
所持有限售 有限售条件股份可上市交易情况
股东名称 条件的股份 原承诺可上市 原承诺新增可上市
数（股） 交易时间 交易股份数（股）
2007-02-17 22,717,500
黄山旅游集团 197,730,000 2008-02-17 22,717,500
2009-02-17 152,295,000
================续上表=========================
股东名称 黄山旅游集团本次承诺
后可上市交易时间
2009-02-17
黄山旅游集团 2010-02-17
2011-02-17
（2）自2009年2月17日起 3年内，最低减持价格不低于每股30元（如遇除权除息进行相应调整）。
? 财务报告
7.1 审计意见
财务报告 √未经审计 □审计
7.2 比较式合并及母公司的资产负债表、利润表、现金流量表、所有者权益变动表（附后）
7.3 报表附注
7.3.1报告期公司无会计政策、会计估计变更及会计差错更正情况。
7.3.2报告期公司财务报表合并范围未发生变化。
黄山旅游发展股份有限公司董事会
2008年8月15日
-7-
黄山旅游发展股份有限公司 2008年半年度报告摘要
资 产 负 债 表
编制单位：黄山旅游发展股份有限公司 金额单位：人民币元
附注 合并数
资产 号 2008年6月30日 2007年12月31日
流动资产
货币资金 五.1 250,315,814.87 442,134,586.44
交易性金融资产 -
应收票据 -
应收帐款 五.2 41,009,526.13 34,691,671.85
预付帐款 五.3 1,970,804.49 146,353,522.50
应收利息 五.4 - 1,497,777.53
应收股利 - -
其他应收款 五.5 28,021,800.12 19,924,914.59
存货 五.6 210,412,129.92 17,858,785.09
一年内到期的非 -
流动资产
其他流动资产 五.7 1,916,772.72 792,429.04
流动资产合计 533,646,848.25 663,253,687.04
非流动资产
可供出售金融资产
持有至到期投资
长期应收款
长期股权投资 五.8 67,183,482.96 67,491,396.56
投资性房地产
固定资产 五.9 623,108,835.65 640,656,917.28
在建工程 293,319,295.75 100,644,285.17
工程物资
固定资产清理 16,547.95
生产性生物资产
油气资产
无形资产 五.11 14,544,395.95 15,451,298.40
开发支出
商誉
长期待摊费用 五.12 24,818,559.96 27,047,548.75
递延所得税资产 五.13 23,363,076.62 23,363,076.62
其他非流动资产 五.14 4,100,000.00 4,100,000.00
非流动资产合计 1,050,454,194.84 878,754,522.78
拨付资金 -
资产总计 1,584,101,043.09 1,542,008,209.82
================续上表=========================
母公司
资产 2008年6月30日 2007年12月31日
流动资产
货币资金 195,970,596.30 347,339,699.26
交易性金融资产 -
应收票据 -
应收帐款 20,097,300.11 20,156,737.61
预付帐款 456,570.08 144,495,699.55
应收利息 1,497,777.53
应收股利 15,506,893.37 5,798,976.10
其他应收款 83,994,499.43 61,921,641.52
存货 8,893,424.17 6,543,229.74
一年内到期的非 -
流动资产
其他流动资产 1,385,147.69 101,774.35
流动资产合计 326,304,431.15 587,855,535.66
非流动资产
可供出售金融资产 -
持有至到期投资 -
长期应收款 173,000,000.00 -
长期股权投资 148,984,253.92 149,292,167.52
投资性房地产 -
固定资产 413,313,224.33 425,653,350.24
在建工程 283,979,755.20 100,614,165.64
工程物资
固定资产清理 12,273.95
生产性生物资产
油气资产
无形资产 8,122,945.81 8,261,544.85
开发支出
商誉
长期待摊费用 18,335,598.40 20,105,954.24
递延所得税资产 20,604,595.59 20,604,595.59
其他非流动资产 57,605,638.45 57,605,638.45
非流动资产合计 1,123,958,285.65 782,137,416.53
拨付资金 -
资产总计 1,450,262,716.80 1,369,992,952.19
资 产 负 债 表(续)
编制单位：黄山旅游发展股份有限公司 金额单位：人民币元
附注 合并数
负债及股东权益 号 2008年6月30日 2007年12月31日
流动负债
短期借款 五.16 5,000,000.00 13,000,000.00
交易性金融负债
应付票据
应付帐款 五.17 36,256,720.56 27,715,652.55
预收帐款 五.18 4,319,250.38 6,269,599.05
应付职工薪酬 五.19 24,091,553.71 35,716,181.48
应交税费 五.20 78,847,558.13 113,080,789.19
应付利息 1,311.73 8,381.73
应付股利 五.21 3,876,723.33 1,449,744.02
其他应付款 五.22 250,692,060.78 240,107,571.83
一年内到期的非流动
负债
其他流动负债 五.23 4,225,231.05 5,281,394.99
流动负债合计 407,310,409.67 442,629,314.84
非流动负债
长期借款 五.24 7,624,580.00 7,624,580.00
应付债券
长期应付款 五.25 59,643,845.05 59,643,845.05
专项应付款
预计负债 -
递延所得税负债 五.26 2,150,710.47 2,150,710.47
其他非流动负债
非流动负债合计 69,419,135.52 69,419,135.52
负债合计 476,729,545.19 512,048,450.36
股东权益：
股本 五.27 471,350,000.00 471,350,000.00
资本公积 五.28 169,711,182.24 169,711,182.24
减：库存股
盈余公积 五.29 126,049,954.85 126,049,954.85
未分配利润 五.30 326,749,995.52 250,833,208.63
归属于母公司所有者 1,093,861,132.61 1,017,944,345.72
权益合计
少数股东权益 13,510,365.29 12,015,413.74
股东权益合计 1,107,371,497.90 1,029,959,759.46
拨入资金 --
负债及股东权益总计 1,584,101,043.09 1,542,008,209.82
================续上表=========================
母公司
负债及股东权益 2008年6月30日 2007年12月31日
流动负债
短期借款
交易性金融负债
应付票据
应付帐款 10,773,578.58 10,250,489.69
预收帐款 3,496,603.46 4,083,278.94
应付职工薪酬 21,768,283.51 30,149,392.67
应交税费 66,787,645.72 85,491,817.75
应付利息
应付股利
其他应付款 249,875,473.52 214,585,307.95
一年内到期的非流动
负债
其他流动负债 2,890,619.62 4,485,456.84
流动负债合计 355,592,204.41 349,045,743.84
非流动负债
长期借款 2,624,580.00 2,624,580.00
应付债券
长期应付款
专项应付款
预计负债
递延所得税负债
其他非流动负债
非流动负债合计 2,624,580.00 2,624,580.00
负债合计 358,216,784.41 351,670,323.84
股东权益：
股本 471,350,000.00 471,350,000.00
资本公积 144,026,911.20 144,026,911.20
减：库存股
盈余公积 124,016,820.04 124,016,820.04
未分配利润 352,652,201.15 278,928,897.11
归属于母公司所有者 1,092,045,932.39 1,018,322,628.35
权益合计
少数股东权益 -
股东权益合计 1,092,045,932.39 1,018,322,628.35
拨入资金
负债及股东权益总计 1,450,262,716.80 1,369,992,952.19
利润表
编制单位：黄山旅游发展股份有限公司 金额单位：人民币元
附 合并数
项目 注号 2008年1-6月
一、营业收入 五.31 433,817,463.00
减：营业成本 五.31 249,023,042.46
营业税金及附加 五.32 17,464,555.14
销售费用
管理费用 五.33 55,127,248.02
财务费用 五.34 -96,055.80
资产减值损失
加：公允价值变动收益（损失以“－”号填
列）
投资收益（损失以“－”号填列） 五.35 -193,873.47
其中：对联营企业和合营企业的投资收益
二、营业利润（亏损以“－”号填列） 112,104,799.71
加：营业外收入 五.36 227,182.90
减：营业外支出 五.37 1,130,799.07
其中：非流动资产处置净损失
三、利润总额（亏损总额以“－”号填列） 111,201,183.54
减：所得税费用 五.38 28,947,539.02
四、净利润（净亏损以“－”号填列） 82,253,644.52
归属于母公司所有者的净利润 75,916,786.89
少数股东损益 6,336,857.63
六、每股收益：
（一）基本每股收益 五.39 0.16
（二）稀释每股收益 0.16
================续上表=========================
母公司
项目 2007年1-6月 2008年1-6月 2007年1-6月
一、营业收入 413,885,449.35 291,701,311.94 311,466,304.76
减：营业成本 229,284,645.16 162,469,623.02 173,714,644.91
营业税金及附加 16,670,853.74 11,910,408.03 12,920,026.78
销售费用 -
管理费用 54,787,250.32 44,670,163.29 43,682,812.00
财务费用 1,337,153.48 -1,027,317.97 993,570.06
资产减值损失
加：公允价值变动收益（损失以“－”号填 17,332.50 17,332.50
列）
投资收益（损失以“－”号填列） 611,038.21 19,173,750.84 16,228,350.67
其中：对联营企业和合营企业的投资收益 -
二、营业利润（亏损以“－”号填列） 112,433,917.36 92,852,186.41 96,400,934.18
加：营业外收入 31,220.51 35,252.23 3,461.31
减：营业外支出 13,106.66 1,000,000.00 10,106.66
其中：非流动资产处置净损失
三、利润总额（亏损总额以“－”号填列） 112,452,031.21 91,887,438.64 96,394,288.83
减：所得税费用 38,302,917.88 18,164,134.60 28,321,474.80
四、净利润（净亏损以“－”号填列） 74,149,113.33 73,723,304.04 68,072,814.03
归属于母公司所有者的净利润 68,514,064.04 73,723,304.04 68,072,814.03
少数股东损益 5,635,049.29 -
六、每股收益：
（一）基本每股收益 0.15 0.16 0.15
（二）稀释每股收益 0.15 0.16 0.15
现金流量表
编制单位：黄山旅游发展股份有限公司 金额单位：人民币元
合并数
报表项目 注释 2008年1-6月
一、经营活动产生的现金流量
销售商品、提供劳务收到的现金 429,608,708.68
收到的税费返还
收到的其他与经营活动有关的现金 五.40 14,160,162.24
经营活动现金流入小计 443,768,870.92
购买商品、接受劳务支付的现金 183,869,551.51
支付给职工以及为职工支付的现金 59,329,511.30
支付各项税费 99,065,633.51
支付的其他与经营活动有关的现金 五.41 73,631,012.71
经营活动现金流出小计 415,895,709.03
经营活动产生的现金流量净额 27,873,161.89
二、投资活动产生的现金流量 -
收回投资所收到的现金 -
取得投资收益所收到的现金 114,040.13
处置固定资产、无形资产和其他长期资 22,900.00
处置子公司及其他营业单位收到的现金净额 -
收到的其他与投资活动有关的现金 五.42 55,693,001.15
投资活动现金流入小计 55,829,941.28
购置固定资产、无形资产和其他长期资 174,507,004.10
投资所支付的现金 -
取得子公司及其他营业单位支付的现金净额 38,000,000.00
支付的其他与投资活动有关的现金 五.43 52,056,530.00
投资活动现金流出小计 264,563,534.10
投资活动产生的现金流量净额 -208,733,592.82
三、筹资活动产生的现金流量
吸收投资所收到的现金 -
其中：子公司吸收少数股东投资收到的现金 -
取得借款所收到的现金 8,000,000.00
收到的其他与筹资活动有关的现金 -
筹资活动现金流入小计 8,000,000.00
偿还债务所支付的现金 16,000,000.00
分配股利、利润和偿付利息所支付的现金 2,958,340.64
其中：子公司支付给少数股东的股利、利润
支付的其他与筹资活动有关的现金 -
筹资活动现金流出小计 18,958,340.64
筹资活动产生的现金流量净额 -10,958,340.64
四、汇率变动对现金的影响额
五、现金及现金等价物净增加额 -191,818,771.57
加：期初现金及现金等价物余额 442,134,586.44
六、期末现金及现金等价物余额 250,315,814.87
================续上表=========================
母公司
报表项目 2007年1-6月 2008年1-6月 2007年1-6月
一、经营活动产生的现金流量
销售商品、提供劳务收到的现金 389,295,212.26 357,380,060.45 317,954,333.64
收到的税费返还 - -
收到的其他与经营活动有关的现金 37,766,002.48 8,954,912.33 15,905,499.49
经营活动现金流入小计 427,061,214.74 366,334,972.78 333,859,833.13
购买商品、接受劳务支付的现金 67,730,975.86 162,912,315.29 47,088,020.23
支付给职工以及为职工支付的现金 55,110,840.94 42,447,100.83 45,822,574.15
支付各项税费 81,084,840.61 58,587,437.96 58,968,150.25
支付的其他与经营活动有关的现金 81,447,446.43 66,755,005.49 70,421,950.30
经营活动现金流出小计 285,374,103.84 330,701,859.57 222,300,694.93
经营活动产生的现金流量净额 141,687,110.90 35,633,113.21 111,559,138.20
二、投资活动产生的现金流量 -
收回投资所收到的现金 2,000,000.00 - 2,000,000.00
取得投资收益所收到的现金 - 9,773,747.17 8,140,143.22
处置固定资产、无形资产和其他长期资 7,240.00 22,900.00 5,500.00
处置子公司及其他营业单位收到的现金净额 -
收到的其他与投资活动有关的现金 431.68 54,937,557.03 431.68
投资活动现金流入小计 2,007,671.68 64,734,204.20 10,146,074.90
购置固定资产、无形资产和其他长期资 176,459,020.99 166,679,890.37 163,767,451.71
投资所支付的现金 -
取得子公司及其他营业单位支付的现金净额 60,000,000.00 38,000,000.00 60,000,000.00
支付的其他与投资活动有关的现金 2,768,852.49 52,056,530.00 2,768,852.49
投资活动现金流出小计 239,227,873.48 256,736,420.37 226,536,304.20
投资活动产生的现金流量净额 -237,220,201.80 -192,002,216.17 -216,390,229.30
三、筹资活动产生的现金流量
吸收投资所收到的现金 - - -
其中：子公司吸收少数股东投资收到的现金 -
取得借款所收到的现金 60,000,000.00 13,000,000.00 60,000,000.00
收到的其他与筹资活动有关的现金 289,139.33 - -
筹资活动现金流入小计 60,289,139.33 13,000,000.00 60,000,000.00
偿还债务所支付的现金 3,000,000.00 8,000,000.00 -
分配股利、利润和偿付利息所支付的现金 37,309,490.32 - 34,913,049.31
其中：子公司支付给少数股东的股利、利润
支付的其他与筹资活动有关的现金 - - -
筹资活动现金流出小计 40,309,490.32 8,000,000.00 34,913,049.31
筹资活动产生的现金流量净额 19,979,649.01 5,000,000.00 25,086,950.69
四、汇率变动对现金的影响额 - -
五、现金及现金等价物净增加额 -75,553,441.89 -151,369,102.96 -79,744,140.41
加：期初现金及现金等价物余额 259,438,410.94 347,339,699.26 213,727,563.47
六、期末现金及现金等价物余额 183,884,969.05 195,970,596.30 133,983,423.06
合并所有者权益变动表
编制单位:黄山旅游发展股份有限公司 单位:元 币种:人民币
本期金额
归属于母公司所有者权益
项目 减：
实收资本 库
资本公积
(或股本) 存
股
一、上年年末余额 471,350,000.00 169,711,182.24
加：会计政策变更
前期差错更正
二、本年年初余额 471,350,000.00 169,711,182.24
三、本期增减变动金额（减
少以“－”号填列）
（一）净利润
（二）直接计入所有者权益
的利得和损失
1．可供出售金融资产公允价
值变动净额
2．权益法下被投资单位其他
所有者权益变动的影响
3．与计入所有者权益项目相
关的所得税影响
4．其他
上述（一）和（二）小计
（三）所有者投入和减少资本
1．所有者投入资本
2．股份支付计入所有者权益
的金额
3．其他
（四）利润分配
1．提取盈余公积
2．提取一般风险准备
3．对股东的分配
4．其他
（五）所有者权益内部结转
1．资本公积转增股本
2．盈余公积转增股本
3．盈余公积弥补亏损
4．其他
四、本期期末余额 471,350,000.00 169,711,182.24
================续上表=========================
项目 一般 少数股东权
其 益 所有者权益合计
盈余公积 风险 未分配利润 他
准 备
一、上年年末余额 126,049,954.85 250,833,208.63 12,015,413.74 1,029,959,759.46
加：会计政策变更
前期差错更正
二、本年年初余额 126,049,954.85 250,833,208.63 12,015,413.74 1,029,959,759.46
三、本期增减变动金额（减 75,916,786.89 1,494,951.55 77,411,738.44
少以“－”号填列）
（一）净利润 75,916,786.89 6,336,857.63 82,253,644.52
（二）直接计入所有者权益
的利得和损失
1．可供出售金融资产公允价
值变动净额
2．权益法下被投资单位其他
所有者权益变动的影响
3．与计入所有者权益项目相
关的所得税影响
4．其他
上述（一）和（二）小计 75,916,786.89 6,336,857.63 82,253,644.52
（三）所有者投入和减少资本
1．所有者投入资本
2．股份支付计入所有者权益
的金额
3．其他
（四）利润分配 4,841,906.08 4,841,906.08
1．提取盈余公积
2．提取一般风险准备
3．对股东的分配 4,841,906.08 4,841,906.08
4．其他
（五）所有者权益内部结转
1．资本公积转增股本
2．盈余公积转增股本
3．盈余公积弥补亏损
4．其他
四、本期期末余额 126,049,954.85 326,749,995.52 13,510,365.29 1,107,371,497.90
单位:元 币种:人民币
上年同期金额
归属于母公司所有者权益
项目 一般
减 ：库
实收资本 资本公积 盈余公积
存股 准备
一、上年年末余额 454,350,000.00 104,468,400.24 129,655,598.73
加：会计政策变更
前期差错更正
二、本年年初余额 454,350,000.00 104,468,400.24 129,655,598.73
三、本期增减变动金额
（减少以“－”号填列）
（一）净利润
（二）直接计入所有者
权益的利得和损失
1．可供出售金融资产
公允价值变动净额
2．权益法下被投资单
位其他所有者权益变
动的影响
3．与计入所有者权益项 目
相关的所得税影响
4．其他
上述（一）和（二）小计
（三）所有者投入和减
少资本
1．所有者投入资本
2．股份支付计入所有
者权益的金额
3．其他
（四）利润分配
1．提取盈余公积
2．提取一般风险准备
3．对股东的分配
4．其他
（五）所有者权益内部
结转
1．资本公积转增股本
2．盈余公积转增股本
3．盈余公积弥补亏损
4．其他
四、本期期末余额 454,350,000.00 104,468,400.24 129,655,598.73
================续上表=========================
项目 所有者权益
其 少数股东权益
风险 未分配利润 合计
他
一、上年年末余额 129,846,078.20 5,420,304.10 823,740,381.27
加：会计政策变更
前期差错更正
二、本年年初余额 129,846,078.20 5,420,304.10 823,740,381.27
三、本期增减变动金额 4,905,064.04 5,635,049.29 10,540,113.33
（减少以“－”号填列）
（一）净利润 68,514,064.04 5,635,049.29 74,149,113.33
（二）直接计入所有者
权益的利得和损失
1．可供出售金融资产
公允价值变动净额
2．权益法下被投资单
位其他所有者权益变
动的影响
3．与计入所有者权益项
相关的所得税影响
4．其他
上述（一）和（二）小计 68,514,064.04 5,635,049.29 74,149,113.33
（三）所有者投入和减
少资本
1．所有者投入资本
2．股份支付计入所有
者权益的金额
3．其他
（四）利润分配 63,609,000.00 63,609,000.00
1．提取盈余公积
2．提取一般风险准备
3．对股东的分配 63,609,000.00 63,609,000.00
4．其他
（五）所有者权益内部
结转
1．资本公积转增股本
2．盈余公积转增股本
3．盈余公积弥补亏损
4．其他
四、本期期末余额 134,751,142.24 11,055,353.39 834,280,494.60
母公司所有者权益变动表
编制单位:黄山旅游发展股份有限公司 单位:元 币种:人民币
本期金额
项目 实收资本(或股 资本公积 减：库
本) 存股
一、上年年末余额 471,350,000.00 144,026,911.20
加：会计政策变更
前期差错更正
二、本年年初余额 471,350,000.00 144,026,911.20
三、本期增减变动金额（减
少以“－”号填列）
（一）净利润
（二）直接计入所有者权益
的利得和损失
1．可供出售金融资产公允价
值变动净额
2．权益法下被投资单位其他
所有者权益变动的影响
3．与计入所有者权益项目相
关的所得税影响
4．其他
上述（一）和（二）小计
（三）所有者投入和减少资本
1．所有者投入资本
2．股份支付计入所有者权益
的金额
3．其他
（四）利润分配
1．提取盈余公积
2．对股东的分配
3．其他
（五）所有者权益内部结转
1．资本公积转增股本
2．盈余公积转增股本
3．盈余公积弥补亏损
4．其他
四、本期期末余额 471,350,000.00 144,026,911.20
================续上表=========================
项目 盈余公积 未分配利润 所有者权益合计
一、上年年末余额 124,016,820.04 278,928,897.11 1,018,322,628.35
加：会计政策变更
前期差错更正
二、本年年初余额 124,016,820.04 278,928,897.11 1,018,322,628.35
三、本期增减变动金额（减 73,723,304.04 73,723,304.04
少以“－”号填列）
（一）净利润 73,723,304.04 73,723,304.04
（二）直接计入所有者权益
的利得和损失
1．可供出售金融资产公允价
值变动净额
2．权益法下被投资单位其他
所有者权益变动的影响
3．与计入所有者权益项目相
关的所得税影响
4．其他
上述（一）和（二）小计 73,723,304.04 73,723,304.04
（三）所有者投入和减少资本
1．所有者投入资本
2．股份支付计入所有者权益
的金额
3．其他
（四）利润分配
1．提取盈余公积
2．对股东的分配
3．其他
（五）所有者权益内部结转
1．资本公积转增股本
2．盈余公积转增股本
3．盈余公积弥补亏损
4．其他
四、本期期末余额 124,016,820.04 352,652,201.15 1,092,045,932.39
单位:元 币种:人民币
上年同期金额
项目 实收资本 减 ：库
资本公积 存股
一、上年年末余额 454,350,000.00 104,468,400.24
加：会计政策变更
前期差错更正
二、本年年初余额 454,350,000.00 104,468,400.24
三、本期增减变动金额（减
少以“－”号填列）
（一）净利润
（二）直接计入所有者权益
的利得和损失
1．可供出售金融资产公允价
值变动净额
2．权益法下被投资单位其他
所有者权益变动的影响
3．与计入所有者权益项目相
关的所得税影响
4．其他
上述（一）和（二）小计
（三）所有者投入和减少资本
1．所有者投入资本
2．股份支付计入所有者权益
的金额
3．其他
（四）利润分配
1．提取盈余公积
2．对股东的分配
3．其他
（五）所有者权益内部结转
1．资本公积转增股本
2．盈余公积转增股本
3．盈余公积弥补亏损
4．其他
四、本期期末余额 454,350,000.00 46,541,812.86
================续上表=========================
项目 盈余公积 未分配利润 所有者权益合
计
一、上年年末余额 107,745,825.84 150,021,749.94 816,585,976.02
加：会计政策变更
前期差错更正
二、本年年初余额 107,745,825.84 150,021,749.94 816,585,976.02
三、本期增减变动金额（减 4,463,814.03 4,463,814.03
少以“－”号填列）
（一）净利润 68,072,814.03 68,072,814.03
（二）直接计入所有者权益
的利得和损失
1．可供出售金融资产公允价
值变动净额
2．权益法下被投资单位其他
所有者权益变动的影响
3．与计入所有者权益项目相
关的所得税影响
4．其他
上述（一）和（二）小计 68,072,814.03 68,072,814.03
（三）所有者投入和减少资本
1．所有者投入资本
2．股份支付计入所有者权益
的金额
3．其他
（四）利润分配 63,609,000.00 63,609,000.00
1．提取盈余公积
2．对股东的分配 63,609,000.00 63,609,000.00
3．其他
（五）所有者权益内部结转
1．资本公积转增股本
2．盈余公积转增股本
3．盈余公积弥补亏损
4．其他
四、本期期末余额 107,745,825.84 154,485,563.97 821,049,790.05
HuangshanTourismDevelopmentCo.,Ltd.Abstractof2008InterimReport
?ImportantNotice
1.1TheBoardofDirectorsanditsmembers, theSupervisoryCommitteeanditsmembersand
theseniorexecutivesoftheCompany,ensure thattheinformationcontainedinthisReport
doesnothaveanyfalsestatement,seriousmi srepresentationorsignificantomissionand
willtakethejointandseveralresponsibilitiesforthetruth,accuracyandcompletenessof
thecontentsoftheReport.
Thisabstractofinterimreport isquotedfromthefulltextoftheinterimreport,whichis
alsopublishedinthewebsiteoftheShanghaiStockExchange(http://www.sse.com.cn).If
anyinvestorintendstobeinformedofthedetails,pleasereadcarefullythefulltextofthe
interimreport.
1.2TheCompany'sinterimfinancialreporthasnotbeenaudited.
1.3TheCompanydoesnothaveanyfundoccupiedbyitsmajorshareholder.
1.4Mr.ChengYingfeng,ChairmanoftheCompany, Mr.XuJiwei,presidentandprincipalin
chargeofaccountingworkandMr.HeYifei, headoftheaccountingdepartmentdeclare
thattheyshallguaranteethetruthandintegrityofthefinancialreportinthisInterimReport.
1.5ThisabstractofannualreportispresentedinbothChineseandEnglish.Intheeventof
differentmeaninginthetext,theCh ineseversionshallbeprevail.
?BasicinformationoftheCompany
2.1Basicinformation
Stockname Ashare:HuangshanTourism Bshare:HuangshanBShare
Stockcode Ashare:600054 Bshare:900942
Stockexchangefor ShanghaiStockExchange
listing
SecretaryoftheBoard Securitiesrepresentative
Name HuangHuimin HuangJiaping
Contactadd. OfficeoftheBoardofDirect orsofHuangshanTourismDevelopmentCo.,
Ltd,HotSpring,HuangshanScenicSpot,Huangshan,Anhui
Tel. 0559-5580567 0559-5580526
Fax 0559-5580505 0559-5580505
E-mail Hshhm666@126.com hstd56@126.com
2.2Financialhighlights
2.2.1Mainaccountingdataandfinancialindicators Unit:RMB
Endofthereport Endoflastyear
period
Totalassets 1,584,101,043.09 1,542,008,209.82
Owner'sequity(orshareholders'equity) 1,093,861,132.61 1,017,944,345.72
Netassetspershare(RMB) 2.32 2.16
Thereportperiod Sameperiodoflast
(January-June) year
Operatingprofit 112,104,799.71 112,433,917.36
Grossprofit 111,201,183.54 112,452,031.21
Netprofit 75,916,786.89 68,514,064.04
Netprofitafternon-recurringprofitand 76,594,499.02 68,501,927.76
loss
Basicearningspershare(RMB) 0.16 0.15
Basicearningspershareafter 0.16 0.15
non-recurringprofitandloss(RMB)
Dilutedearningspershare(RMB) 0.16 0.15
Returnonnetassets(%) 6.94 8.25
Netcashflowfromoperatingactivities 27,873,161.89 141,687,110.90
Netcashflowfromoperatingactivities 0.06 0.31
pershare
================续上表=========================
Increaseordecrease(%)
Totalassets 2.73
Owner'sequity(orshareholders'equity) 7.46
Netassetspershare(RMB) 7.46
Increaseordecreasethan
sameperiodoflastyear
(%)
Operatingprofit -0.29
Grossprofit -1.11
Netprofit 10.80
Netprofitafternon-recurringprofitand 11.81
loss
Basicearningspershare(RMB) 6.81
Basicearningspershareafter 7.78
non-recurringprofitandloss(RMB)
Dilutedearningspershare(RMB) 6.81
Returnonnetassets(%) Decreaseby1.31%
Netcashflowfromoperatingactivities -80.33
Netcashflowfromoperatingactivities -80.76
pershare
2.2.2Itemsofnon-recurringprofitandloss
√Applicable □Notapplicable
Unit:RMB
Amountfrombeginningoftheyear
Itemsofnon-recurringprofitandloss
totheendofthereportperiod
Profitandlossfromdisposalofnon-currentassets 26,621.13
Netamountofothernon-operatingrevenueandexpenditure
-930,237.30
exceptaboveitems
Less:Impactfromincometax 225,904.04
Total -677,712.13
2.2.3Differencesbetweendomesticandinternationalaccountingstandards
□Applicable √Notapplicable
?Changeofsharecapitaland particularsofshareholders
3.1Changeofsharecapital
□Applicable √Notapplicable
3.2Top10shareholders,top10holdersoftradableshareorofshareswithnolimitedsales
condition
Shareholdingofthetop10shareholders(asofJune30,2008)
Unit:Share
Totalshareholdersatendof
49,065shareholders(27,913holdersofAshareand21,152holdersofBshare)
thereportperiod
Toptenshareholders
Natureof Shareholding Totalshares
Nameofshareholder(fullname)
shareholder ratio(%) held
1.HuangshanTourismGroupCo.,Ltd. Holderof 197,730,000
state-owned 41.95
share
2.PINPOINTCHINAFUNDOther 2.08 9,798,924
3.GAO-LINGFUND,L.POther 1.41 6,646,945
4.GOLDENCHINAMASTERFUNDOther 1.29 6,097,078
5.FengheValueSecurityInvestmentFund Other 1.27 6,000,000
6.SHENYINWANGGUONOMINEES Other 1.15 5,399,390
(H.K)LTD.
7.SCHRODERSKOREALIMITEDOther 1.08 5,113,800
8.SCHRODERINTERNATIONAL Other 1.03 4,868,810
SELECTIONFUND
9.AgriculturalBankofChina—Zhongyou 4,864,684
CoreGrowthShare-typeSecurities Other 1.03
InvestmentFund
10.GUOTAIJUNAN Other 0.99 4,679,761
SECURITIES(HONGKONG)LIMITED
================续上表=========================
Shareswith
Shares
limitedsales
Nameofshareholder(fullname) pledged
condition
orfrozen
held
1.HuangshanTourismGroupCo.,Ltd. 197,730,000 None
2.PINPOINTCHINAFUNDOther 0 Unknown
3.GAO-LINGFUND,L.POther 0 Unknown
4.GOLDENCHINAMASTERFUNDOther 0 Unknown
5.FengheValueSecurityInvestmentFund 0 None
6.SHENYINWANGGUONOMINEES 0 Unknown
(H.K)LTD.
7.SCHRODERSKOREALIMITEDOther 0 Unknown
8.SCHRODERINTERNATIONAL 0 Unknown
SELECTIONFUND
9.AgriculturalBankofChina—Zhongyou 0 None
CoreGrowthShare-typeSecurities
InvestmentFund
10.GUOTAIJUNAN 0 Unknown
SECURITIES(HONGKONG)LIMITED
Toptenholdersofshares withnolimitedsalescondition
Shareswithno
Nameofshareholder limitedsales
conditionheld
1.PINPOINTCHINAFUND 9,798,924Bshare
2.GAO-LINGFUND,L.P 6,646,945B
3.GOLDENCHINAMASTERFUND 6,097,078Bshare
4.FengheValueSecurityInvestmentFund 6,000,000
5.SHENYINWANGGUONOMINEES(H.K)LTD. 5,399,390Bshare
6.SCHRODERSKOREALIMITED 5,113,800Bshare
7.SCHRODERINTERNATIONALSELECTIONFUND 4,868,810Bshare
8.AgriculturalBankofChina—ZhongyouCoreGrowth 4,864,684
Share-typeSecuritiesInvestmentFund
9.GUOTAIJUNANSECURITIES(HONGKONG)LIMITED4,679,761 Bshare
10.ChinaConstructionBank-FirstStateCindaLeadingGrowth 3,900,714A
================续上表=========================
Nameofshareholder Typeof
share
1.PINPOINTCHINAFUND
2.GAO-LINGFUND,L.P share
3.GOLDENCHINAMASTERFUND
4.FengheValueSecurityInvestmentFund Ashare
5.SHENYINWANGGUONOMINEES(H.K)LTD.
6.SCHRODERSKOREALIMITED
7.SCHRODERINTERNATIONALSELECTIONFUND
8.AgriculturalBankofChina—ZhongyouCoreGrowth Ashare
Share-typeSecuritiesInvestmentFund
9.GUOTAIJUNANSECURITIES(HONGKONG)LIMITED4,679,761
10.ChinaConstructionBank-FirstStateCindaLeadingGrowth share
StockFund
Noteontherelatedrelationsorconcertedactionsbetweenabove The Company does not learn if
shareholders there is related relation or
concerted actions between above
shareholders.
3.3Changeofthecontrollingshareholderandtheactualcontroller
□Applicable √Notapplicable
?ParticularsofDirectors,Supe rvisorsandseniorexecutives
4.1ChangeofsharesheldbyDirector s,Supervisorsandseniorexecutives
□Applicable √Notapplicable
?ReportoftheBoardofDirectors
Duringthereportperiod,theuncertainnatural disaster,suchassnowdisaster,earthquake
andflood,broughtimpactsondomestictouris mindustry,andtheCompany'soperating
performancealsosufferedfromimpactstosomeextent.
TheCompanystrivedtochallengesuchsevere situation,settingthesenseof"SafetyFirst
and Prevention First", adopting a series of measures on marketing, quality promotion,
incomeincreasingandexpendituresavingandstartingthemarketafterthenaturaldisasteras
soonaspossibletoreducetheinfluenceofnaturaldisastertotheCompany'soperation
resultstotheminimumlevel.AfterJuly,because oftheturnoftouristmarketandtheabove
measures,thetouristscomingtoHuangshan wasgraduallyincreasingandtheCompany's
operationalsochangedtonormalstatus.
FromJanuarytoJunein2008 theCompanytotallyreceived touristsof895,200mentimes,
anincreaseof0.54%thanthesameperiodoflastyear;itrealizedoperatingincomeofRMB
433,817,500,anincreaseof4.81%thanthesamepe riodoflastyear,andnetprofitofRMB
82,253,600(includingthenetprofitofRMB75,920,000 attributedtoitsparentcompany),
anincreaseof10.93%thanthesameperiodoflastyear.
5.1Mainbusinessdividedbysectorsandproducts
Unit:RMB
Increaseor
Increaseor
decreaseof
decreaseof
Gross business
Sectorsor Operating Operating businesscost
profit incomethan
products income cost thansame
rate(%) sameperiod
periodoflast
oflastyear
year(%)
(%)
Hotel 109,663,010.71 74,297,037.13 32.25 10.55 18.86
Cableway 105,262,722.63 27,566,638.57 73.81 8.96 16.25
================续上表=========================
Increaseor
decreaseof
Sectorsor
grossprofitrate
products
thansameperiod
oflastyear(%)
Hotel -4.72
Cableway -1.64
Garden 165,327,309.00 95,952,902.94 41.96 -6.06 -7.55 0.93
development
Touristservice 96,218,030.54 92,359,549.13 4.01 31.91 33.19 -0.92
Offsetfromeach 49,781,247.53 33,662,344.64
other
5.2Mainbusinessindifferentregions
TheCompany'smainbusinessincomecomes mostlyfromwithinHuangshanCity.
5.3Notesonthereasonofsignificantchange ofmainbusiness anditsstructure
□Applicable √Notapplicable
5.4Noteonreasonsforsignificantchangeoftheprofitabilityofmain business(grossprofit
margin)tothelastyear
□Applicable √Notapplicable
5.5Analysisonreasonofsignificantchange ofprofitstructurethanlastyear
□Applicable √Notapplicable
5.6Utilizationofraisedcapital
5.6.1Useofraisedcapital
√Applicable □Notapplicable
InJuly2007,theCompanyissued17,000,000Asharesinthewayofprivateplacement,
raisingfundofRMB300,400,000,totallyused inYunguCablewayreconstructionand
building,rebuildingandexpandingofhotels.
(Unit:RMB'0000)
Totalofraisedcapitalusedinthe
Totalofraisedcapital 30,040 Totalofaccumulatedraisedcapital
Ifproject
Planned Actual
Committedproject changedor
investment investment
not
YunguCableway No 11,099.20 11,099.20
reconstruction
Reconstructionand
expandingof
No 3,596.71 3,596.71
Huangshan
InternationalHotel
Huangshan
Xuanyuan
No 15,343.76 15,343.76
InternationalHotel
(atNorthGate)
Total 30,039.67 30,039.67
================续上表=========================
4,007.22
reportperiod
Totalofraisedcapital 30,039.67
used
Ifconformto
Committedproject planned Operatingresults
progress
YunguCableway Yes 2,397
reconstruction
Reconstructionand
expandingof
Yes -131
Huangshan
InternationalHotel
Huangshan
Completedandmade
Xuanyuan
Yes trialrunningatendof
InternationalHotel
June
(atNorthGate)
Total 2,266
5.6.2Particularsofprojectchange
√Applicable □Notapplicable
Examinedbythe16thmeetingof3rdBoardof Directorsand2ndprovisionalshareholders'
meetingof2006,theCompanyplanstocha ngeuseofthefundofRMB22,000,000notused
inpreviousperiod,usingitincapitalincreaseofHuangshanFlowerHill&Labyrinth
TourismDevelopmentCo.,Ltd.(fordetailsse etheCompany'sannouncementpublishedin
ShanghaiSecuritiesNews,SecuritiesPosta ndthewebsiteofShanghaiStockExchangeon
November11,2006).
BecauseTunxiFlowerHillTourismDevelopm entCo.,Ltd.hasdifferentopiniontothis
capitalincreaseplan,inordertoenhancetheefficiencyoffunduseandprotectthebenefitof
theCompanyandtheshareholders,theCompany planstochangetheuseofthisfundof
RMB22,000,000,usingitinthecapit alincreaseofHuangshanTourismTaohuaxiReal
EstateDevelopmentCo.,Ltd..Thisprojectwas justunderprogressduringthereportperiod.
5.7Amendmentonoperatingplanofthesec ondhalf-yearbytheBoardofDirectors
□Applicable √Notapplicable
5.8Forecastingaboutnetprofitaccumulatedfrom beginningoftheyeartoendoftheyear
possiblybeinglossorgreatlychangedthanthesameperiodoflastyearandexplanationof
thereason
□Applicable √Notapplicable
5.9TheNotesoftheBoardofDirectorstothe "Non-standardAuditor'sReport"ofthepublic
accountingfirmforthereportperiod
□Applicable √Notapplicable
5.10TheexplanationoftheBoardofDirectors oftheCompanyforchangeofthematters
relatedtothe"Non-standardA uditor'sReport"tolastyearissuedbythepublicaccounting
firmandforthedisposalofthechange
□Applicable √Notapplicable
?Majorevents
6.1Purchaseandsaleofassetsandassetsreorganization
6.1.1Purchaseofassets
□Applicable √Notapplicable
6.1.2Saleofassets
□Applicable √Notapplicable
6.1.3Afterthereportonassetsreorganization ortheannouncementonassetssalehasbeen
published,theprogressofthematteranditsim pactontheoperationresultsandfinancial
statusinthereportperiod.
□Applicable √Notapplicable
6.2Guaranteeevents
□Applicable √Notapplicable
6.3Non-operatingrelatedcreditor'srightsanddebts
√Applicable □Notapplicable
(Unit:RMB'0000)
Relatedparty Providefundtorelatedparty Relatedpartyprovidesfundtothelisted
Amount Balance Amount
================续上表=========================
Relatedparty
Company
Balance
HuangshanTourism 6,073.58
GroupCo.,Ltd.
HongKongZhonglu 2,614.38
ChinaZhonglu 670
6.4Importantlawsuitsandarbitrations
□Applicable √Notapplicable
6.5Othersignificanteventsandanalysisand explanationfortheirimpactsandsolutions
6.5.1Investmentinsecurities
□Applicable √Notapplicable
6.5.2Equityinterestofnon-listedfinancialenterprisesheldbytheCompany
√Applicable □Notapplicable
Nameofthefirm Initialinvestmentcost Sharesheld
(RMB)
HuaanSecuritiesCo.,Ltd. 100,000,000.00
Subtotal 100,000,000.00
================续上表=========================
Nameofthefirm Equityratiointhe Closingbookvalue
company (RMB)
HuaanSecuritiesCo.,Ltd. 4.54％ 31,580,000.00
Subtotal 4.54％ 31,580,000.00
6.5.3Shareholdersholding5%ormoreequity interestoftheCompanyvolunteeredtoadd
commitmentonshareswithlimitedsalesconditionsin2008
√Applicable □Notapplicable
(1) Huangshan Tourism Group Co., Ltd. co mmitted to lock its 197,730,000 shares of
HuangshanTourismwithlimitedsalescondition formorethan2yearsinadditiontothe
non-listingperiodoriginallycommittedin equityreform.Seefollowingtable:
Shareswith Listingofshareswithlimitedsalescondition
Nameof limitedsales Listingdate
shareholder condition originally Newtradableshares
committed originallycommitted
Huangshan 02/17/2007 22,717,500
TourismGroup 197,730,000 02/17/2008 22,717,500
Co.,Ltd. 02/17/2009 152,295,000
================续上表=========================
Nameof Thelistingdateafterthis
shareholder commitmentbyHuangshan
TourismGroupCo.,Ltd.
Huangshan 02/17/2009
TourismGroup 02/17/2010
Co.,Ltd. 02/17/2011
(2)Within3yearssinceFebruary17,2009,thelowe stpriceofsuchsharesshallnotbeless
thanRMB30pershare(incaseofex-equity orex-dividend,makeadjustment).
?Financialreport
7.1Auditopinion
Financialreport √Unaudited □Audited
7.2Consolidatedandparentcompany'sbalance sheet,statementofincome,statementofcash
flowandchangeofowner'sequity
BalanceSheet
Compiledby:HuangshanTourismDevelopmentCo.,Ltd. Unit:RMB
Note Consolidated Parentcompany
Assets No. June30,2008 December31,2007 June30,2008
Currentassets
Monetaryfund 5.1) 250,315,814.87 442,134,586.44 195,970,596.30
Transactional -
financialassets
Notesreceivable -
Accountsreceivable 5.2) 41,009,526.13 34,691,671.85 20,097,300.11
Advancetosuppliers 5.3) 1,970,804.49 146,353,522.50 456,570.08
Interestreceivable 5.4) - 1,497,777.53
Dividendreceivable - - 15,506,893.37
Otherreceivables 5.5) 28,021,800.12 19,924,914.59 83,994,499.43
Inventories 5.6) 210,412,129.92 17,858,785.09 8,893,424.17
Non-currentassets -
dueinoneyear
Othercurrentassets 5.7) 1,916,772.72 792,429.04 1,385,147.69
Subtotalofcurrent 533,646,848.25 663,253,687.04 326,304,431.15
assets
Non-currentassets
Salablefinancial
assets
Held-to-maturity
investments
Long-term 173,000,000.00
receivables
Long-termequity 5.8) 67,183,482.96 67,491,396.56 148,984,253.92
investment
Investmentrealestate
Fixedassets 5.9) 623,108,835.65 640,656,917.28 413,313,224.33
Constructionin 5.10) 293,319,295.75 100,644,285.17 283,979,755.20
progress
Engineeringmaterial
Disposaloffixed 16,547.95 12,273.95
assets
Productive
biologicalassets
Oilgasassets
Intangibleassets 5.11) 14,544,395.95 15,451,298.40 8,122,945.81
Expenditurefor
development
Goodwill
================续上表=========================
Assets December31,2007
Currentassets
Monetaryfund 347,339,699.26
Transactional -
financialassets
Notesreceivable -
Accountsreceivable 20,156,737.61
Advancetosuppliers 144,495,699.55
Interestreceivable 1,497,777.53
Dividendreceivable 5,798,976.10
Otherreceivables 61,921,641.52
Inventories 6,543,229.74
Non-currentassets -
dueinoneyear
Othercurrentassets 101,774.35
Subtotalofcurrent 587,855,535.66
assets
Non-currentassets
Salablefinancial -
assets
Held-to-maturity -
investments
Long-term -
receivables
Long-termequity 149,292,167.52
investment
Investmentrealestate -
Fixedassets 425,653,350.24
Constructionin 100,614,165.64
progress
Engineeringmaterial
Disposaloffixed
assets
Productive
biologicalassets
Oilgasassets
Intangibleassets 8,261,544.85
Expenditurefor
development
Goodwill
Long-termprepaid 5.12) 24,818,559.96 27,047,548.75
expenses
Deferredincometax 5.13) 23,363,076.62 23,363,076.62
assets
Othernon-current 5.14) 4,100,000.00 4,100,000.00
assets
Subtotalof 1,050,454,194.84 878,754,522.78
non-currentassets
Paidfund -
Totalofassets 1,584,101,043.09 1,542,008,209.82
================续上表=========================
Long-termprepaid 18,335,598.40 20,105,954.24
expenses
Deferredincometax 20,604,595.59 20,604,595.59
assets
Othernon-current 57,605,638.45 57,605,638.45
assets
Subtotalof 1,123,958,285.65 782,137,416.53
non-currentassets
Paidfund -
Totalofassets 1,450,262,716.80 1,369,992,952.19
BalanceSheet(continued)
Compiledby:HuangshanTourismDevelopmentCo.,Ltd. Unit:RMB
Liabilitiesand Note Consolidated
shareholders'equity No. June30,2008 December31,2007
Currentliabilities
Short-termloan 5.16) 5,000,000.00 13,000,000.00
Transactionalfinancial
liabilities
Notespayable
Accountspayable 5.17) 36,256,720.56 27,715,652.55
Accountsadvanced 5.18) 4,319,250.38 6,269,599.05
fromcustomers
Staffsalarypayable 5.19) 24,091,553.71 35,716,181.48
Taxpayable 5.20) 78,847,558.13 113,080,789.19
Interestpayable 1,311.73 8,381.73
Dividendpayable 5.21) 3,876,723.33 1,449,744.02
Otherpayables 5.22) 250,692,060.78 240,107,571.83
Non-currentliabilities
dueinoneyear
Othercurrentliabilities 5.23) 4,225,231.05 5,281,394.99
Subtotalofcurrent 407,310,409.67 442,629,314.84
liabilities
Non-currentliabilities
Long-termloan 5.24) 7,624,580.00 7,624,580.00
Bondspayable
Long-termpayables 5.25) 59,643,845.05 59,643,845.05
Specialpayables
Estimatedliabilities -
Liabilitiesfordeferred 5.26) 2,150,710.47 2,150,710.47
incometax
Othernon-current
================续上表=========================
Liabilitiesand Parentcompany
shareholders'equity June30,2008 December31,2007
Currentliabilities
Short-termloan
Transactionalfinancial
liabilities
Notespayable
Accountspayable 10,773,578.58 10,250,489.69
Accountsadvanced 3,496,603.46 4,083,278.94
fromcustomers
Staffsalarypayable 21,768,283.51 30,149,392.67
Taxpayable 66,787,645.72 85,491,817.75
Interestpayable
Dividendpayable
Otherpayables 249,875,473.52 214,585,307.95
Non-currentliabilities
dueinoneyear
Othercurrentliabilities 2,890,619.62 4,485,456.84
Subtotalofcurrent 355,592,204.41 349,045,743.84
liabilities
Non-currentliabilities
Long-termloan 2,624,580.00 2,624,580.00
Bondspayable
Long-termpayables
Specialpayables
Estimatedliabilities
Liabilitiesfordeferred
incometax
Othernon-current
liabilities
Subtotalofnon-current 69,419,135.52 69,419,135.52
liabilities
Totalofliabilities 476,729,545.19 512,048,450.36
Shareholders'equity:
Sharecapital 5.27) 471,350,000.00 471,350,000.00
Capitalreserves 5.28) 169,711,182.24 169,711,182.24
Less:Treasurystock
Surplusreserves 5.29) 126,049,954.85 126,049,954.85
Undistributedprofit 5.30) 326,749,995.52 250,833,208.63
Subtotalofowner's 1,093,861,132.61 1,017,944,345.72
equityofparentcompany
Minorityinterest 13,510,365.29 12,015,413.74
Totalofshareholders' 1,107,371,497.90 1,029,959,759.46
equity
Fundallocated -
Totalofliabilitiesand 1,584,101,043.09 1,542,008,209.82
shareholders'equity
================续上表=========================
liabilities
Subtotalofnon-current 2,624,580.00 2,624,580.00
liabilities
Totalofliabilities 358,216,784.41 351,670,323.84
Shareholders'equity:
Sharecapital 471,350,000.00 471,350,000.00
Capitalreserves 144,026,911.20 144,026,911.20
Less:Treasurystock
Surplusreserves 124,016,820.04 124,016,820.04
Undistributedprofit 352,652,201.15 278,928,897.11
Subtotalofowner's 1,092,045,932.39 1,018,322,628.35
equityofparentcompany
Minorityinterest -
Totalofshareholders' 1,092,045,932.39 1,018,322,628.35
equity
Fundallocated -
Totalofliabilitiesand 1,450,262,716.80 1,369,992,952.19
shareholders'equity
IncomeStatement
Compiledby:HuangshanTourismDevelopmentCo.,Ltd. Unit:RMB
Consolidated
Item Note January-June,
No. 2008
1.Operatingincome 5.31) 433,817,463.00
Less:Operatingcost 5.31) 249,023,042.46
Businesstaxandextra 5.32) 17,464,555.14
Sellingexpenses
Managementexpenses 5.33) 55,127,248.02
Financialexpenses 5.34) -96,055.80
Lossfromdepreciationofassets
Plus:Incomefromchangeoffairvalue(forlossfilled
in"－")
Investmentincome(forlossfilledin"－") 5.35) -193,873.47
Incl.:Investmentincomefromaffiliated
enterprisesandjointventures
2.Operatingprofit（forlossfilledin"－") 112,104,799.71
Plus:Non-operatingincome 5.36) 227,182.90
Less:Non-operatingexpenses 5.37) 1,130,799.07
Incl.:Netlossfromdisposalofnon-currentassets
3.Grossprofit(fortotallossfilledin"－") 111,201,183.54
Less:Incometaxexpenses 5.38) 28,947,539.02
================续上表=========================
Parentcompany
Item January-June, January-June, January-June,
2007 2008 2007
1.Operatingincome 413,885,449.35 291,701,311.94 311,466,304.76
Less:Operatingcost 229,284,645.16 162,469,623.02 173,714,644.91
Businesstaxandextra 16,670,853.74 11,910,408.03 12,920,026.78
Sellingexpenses -
Managementexpenses 54,787,250.32 44,670,163.29 43,682,812.00
Financialexpenses 1,337,153.48 -1,027,317.97 993,570.06
Lossfromdepreciationofassets
Plus:Incomefromchangeoffairvalue(forlossfilled 17,332.50 17,332.50
in"－")
Investmentincome(forlossfilledin"－") 611,038.21 19,173,750.84 16,228,350.67
Incl.:Investmentincomefromaffiliated -
enterprisesandjointventures
2.Operatingprofit（forlossfilledin"－") 112,433,917.36 92,852,186.41 96,400,934.18
Plus:Non-operatingincome 31,220.51 35,252.23 3,461.31
Less:Non-operatingexpenses 13,106.66 1,000,000.00 10,106.66
Incl.:Netlossfromdisposalofnon-currentassets
3.Grossprofit(fortotallossfilledin"－") 112,452,031.21 91,887,438.64 96,394,288.83
Less:Incometaxexpenses 38,302,917.88 18,164,134.60 28,321,474.80
4.Netprofit(fornetlossfilledin"－") 82,253,644.52
Netprofitbelongingtotheownersofparentcompany 75,916,786.89
Minority'sprofitandloss 6,336,857.63
6.Earningspershare:
1)Basicearningspershare 5.39) 0.16
2)Dilutedearningspershare 0.16
================续上表=========================
4.Netprofit(fornetlossfilledin"－") 74,149,113.33 73,723,304.04 68,072,814.03
Netprofitbelongingtotheownersofparentcompany 68,514,064.04 73,723,304.04 68,072,814.03
Minority'sprofitandloss 5,635,049.29 -
6.Earningspershare:
1)Basicearningspershare 0.15 0.16 0.15
2)Dilutedearningspershare 0.15 0.16 0.15
CashFlowStatement
Compiledby:HuangshanTourismDevelopmentCo.,Ltd. Unit:RMB
Consolidated
Reportitems Notes January.-June,
2008
1.Netcashflowfromoperatingactivities
Cashreceivedfromsaleofgoodsand 429,608,708.68
renderingofservice
Taxreturnreceived
Cashrelatedtootheroperatingactivities 5.40) 14,160,162.24
received
Subtotalofcashinflowfromoperatingactivities 443,768,870.92
Cashpaidforpurchaseofgoodsand 183,869,551.51
acceptanceofservice
Cashpaidtoorforemployees 59,329,511.30
Varioustaxespaid 99,065,633.51
Cashrelatedtootheroperatingactivitiespaid 5.41) 73,631,012.71
Subtotalofcashoutflowfromoperatingactivities 415,895,709.03
Netcashflowfromoperatingactivities 27,873,161.89
2.Cashflowfrominvestmentactivities -
Cashreceivedfromdisinvestment -
Cashreceivedfrominvestmentincome 114,040.13
Netamountofcashreceivedfromdisposalof
fixedassets,intangibleassetsandother 22,900.00
long-termassets
Netcashreceivedfromdisposalofsubsidiaries -
andotherbusinessunits
Cashrelatedtootherinvestmentactivities 5.12) 55,693,001.15
received
Subtotalofcashinflowfrominvestment 55,829,941.28
activities
Cashpaidforpurchaseoffixedassets, 174,507,004.10
intangibleassetsandotherlong-termassets
Cashpaidforinvestment -
Netcashpaidforacquisitionofsubsidiaries 38,000,000.00
================续上表=========================
Parentcompany
Reportitems January-June, January-June, January-June,
2007 2008 2007
1.Netcashflowfromoperatingactivities
Cashreceivedfromsaleofgoodsand 389,295,212.26 357,380,060.45 317,954,333.64
renderingofservice
Taxreturnreceived - -
Cashrelatedtootheroperatingactivities 37,766,002.48 8,954,912.33 15,905,499.49
received
Subtotalofcashinflowfromoperatingactivities 427,061,214.74 366,334,972.78 333,859,833.13
Cashpaidforpurchaseofgoodsand 67,730,975.86 162,912,315.29 47,088,020.23
acceptanceofservice
Cashpaidtoorforemployees 55,110,840.94 42,447,100.83 45,822,574.15
Varioustaxespaid 81,084,840.61 58,587,437.96 58,968,150.25
Cashrelatedtootheroperatingactivitiespaid 81,447,446.43 66,755,005.49 70,421,950.30
Subtotalofcashoutflowfromoperatingactivities 285,374,103.84 330,701,859.57 222,300,694.93
Netcashflowfromoperatingactivities 141,687,110.90 35,633,113.21 111,559,138.20
2.Cashflowfrominvestmentactivities -
Cashreceivedfromdisinvestment 2,000,000.00 - 2,000,000.00
Cashreceivedfrominvestmentincome - 9,773,747.17 8,140,143.22
Netamountofcashreceivedfromdisposalof
fixedassets,intangibleassetsandother 7,240.00 22,900.00 5,500.00
long-termassets
Netcashreceivedfromdisposalofsubsidiaries -
andotherbusinessunits
Cashrelatedtootherinvestmentactivities 431.68 54,937,557.03 431.68
received
Subtotalofcashinflowfrominvestment 2,007,671.68 64,734,204.20 10,146,074.90
activities
Cashpaidforpurchaseoffixedassets, 176,459,020.99 166,679,890.37 163,767,451.71
intangibleassetsandotherlong-termassets
Cashpaidforinvestment -
Netcashpaidforacquisitionofsubsidiaries 60,000,000.00 38,000,000.00 60,000,000.00
andotherbusinessunits
Cashrelatedtootherinvestmentactivitiespaid 5.43) 52,056,530.00
Subtotalofcashoutflowfrominvestment 264,563,534.10
activities
Netcashflowfrominvestmentactivities -208,733,592.82
3.Cashflowfromfinancingactivities
Cashreceivedfromabsorbinginvestment -
Incl.:Cashabsorbedbysubsidiarycompanies -
frominvestmentsofminorityshareholders
Cashreceivedfromprocuringloan 8,000,000.00
Cashrelatedtootherfinancingactivities -
received
Subtotalofcashinflowfromfinancingactivities 8,000,000.00
Cashpaidfordebtsettlement 16,000,000.00
Cashpaidfordistributionofdividendsand 2,958,340.64
profitandreimbursementofinterest
Incl.:Dividendandprofitpaidtominority
shareholdersbysubsidiaries
Cashrelatedtootherfinancingactivitiespaid -
Subtotalofcashoutflowfromfinancing 18,958,340.64
activities
Netcashflowfromfinancingactivities -10,958,340.64
4.Impactsofchangeinexchangerateoncash
5.Netincreaseofcashandcashequivalents -191,818,771.57
Plus:Beginningbalanceofcashandcash 442,134,586.44
equivalents
6.Closingbalanceofcashandcashequivalents 250,315,814.87
================续上表=========================
andotherbusinessunits
Cashrelatedtootherinvestmentactivitiespaid 2,768,852.49 52,056,530.00 2,768,852.49
Subtotalofcashoutflowfrominvestment 239,227,873.48 256,736,420.37 226,536,304.20
activities
Netcashflowfrominvestmentactivities -237,220,201.80 -192,002,216.17 -216,390,229.30
3.Cashflowfromfinancingactivities
Cashreceivedfromabsorbinginvestment - - -
Incl.:Cashabsorbedbysubsidiarycompanies -
frominvestmentsofminorityshareholders
Cashreceivedfromprocuringloan 60,000,000.00 13,000,000.00 60,000,000.00
Cashrelatedtootherfinancingactivities 289,139.33 - -
received
Subtotalofcashinflowfromfinancingactivities 60,289,139.33 13,000,000.00 60,000,000.00
Cashpaidfordebtsettlement 3,000,000.00 8,000,000.00 -
Cashpaidfordistributionofdividendsand 37,309,490.32 - 34,913,049.31
profitandreimbursementofinterest
Incl.:Dividendandprofitpaidtominority
shareholdersbysubsidiaries
Cashrelatedtootherfinancingactivitiespaid - - -
Subtotalofcashoutflowfromfinancing 40,309,490.32 8,000,000.00 34,913,049.31
activities
Netcashflowfromfinancingactivities 19,979,649.01 5,000,000.00 25,086,950.69
4.Impactsofchangeinexchangerateoncash - -
5.Netincreaseofcashandcashequivalents -75,553,441.89 -151,369,102.96 -79,744,140.41
Plus:Beginningbalanceofcashandcash 259,438,410.94 347,339,699.26 213,727,563.47
equivalents
6.Closingbalanceofcashandcashequivalents 183,884,969.05 195,970,596.30 133,983,423.06
ConsolidatedChangeofOwner'sEquity
Preparedby:HuangshanTourismDevelopmentCo.,Ltd. Unit:RMB
Amountofcurrentperiod
Owner'sequityattributedtoparentcompany
Item Less:
Paid-incapital(o r
Capitalreserves Treasury
sharecapital)
stock
1.Balanceatendoflast 471,350,000.00 169,711,182.24
year
Plus:Changeof
accountingpolicy
Correctionoferror
================续上表=========================
Item Provision Totalofowner's
Undistributed Minorityinterest
Surplusreserves fornormal Other equity
profit
risk
1.Balanceatendoflast 126,049,954.85 250,833,208.63 12,015,413.74 1,029,959,759.46
year
Plus:Changeof
accountingpolicy
Correctionoferror
frompreviousperiod
2.Balanceatbeginningof 471,350,000.00 169,711,182.24 126,049,954.85
theyear
3.Increaseordecreaseof
currentperiod(for
decreasefilledin"－")
1)Netprofit
2)Profitorlossdirectly
attributedintoowner's
equity
(1)Netchangeoffair
valueofsalable
financialassets
(2)Impactsofchangeof
otherowner'sequity
intheinvestedunits
underequitymethod
(3)Impactsofincometax
relatedtotheitemsof
owner'sequity
(4)Other
Subtotalofabove1)and
2)
3)Capitalinvestedor
reducedbytheowner
(1)Capitalinvestedby
theowner
(2)Paymentforshares
attributedintoowner's
equity
(3)Other
4)Profitdistribution
(1)Appropriatedsurplus
reserves
(2)Appropriatedprovision
fornormalrisk
(3)Distributionto
shareholders
(4)Other
5)Internaltransferof
owner'sequity
(1)Capitalreserves
transferredtoshare
================续上表=========================
frompreviousperiod
2.Balanceatbeginningof 250,833,208.63 12,015,413.74 1,029,959,759.46
theyear
3.Increaseordecreaseof
currentperiod(for 75,916,786.89 1,494,951.55 77,411,738.44
decreasefilledin"－")
1)Netprofit 75,916,786.89 6,336,857.63 82,253,644.52
2)Profitorlossdirectly
attributedintoowner's
equity
(1)Netchangeoffair
valueofsalable
financialassets
(2)Impactsofchangeof
otherowner'sequity
intheinvestedunits
underequitymethod
(3)Impactsofincometax
relatedtotheitemsof
owner'sequity
(4)Other
Subtotalofabove1)and 75,916,786.89 6,336,857.63 82,253,644.52
2)
3)Capitalinvestedor
reducedbytheowner
(1)Capitalinvestedby
theowner
(2)Paymentforshares
attributedintoowner's
equity
(3)Other
4)Profitdistribution 4,841,906.08 4,841,906.08
(1)Appropriatedsurplus
reserves
(2)Appropriatedprovision
fornormalrisk
(3)Distributionto 4,841,906.08 4,841,906.08
shareholders
(4)Other
5)Internaltransferof
owner'sequity
(1)Capitalreserves
transferredtoshare
capital
(2)Surplusreserves
transferredtoshare
capital
(3)Surplusreserves
coveringloss
(4)Other
4.Closingbalanceof 471,350,000.00 169,711,182.24 126,049,954.85
currentperiod
================续上表=========================
capital
(2)Surplusreserves
transferredtoshare
capital
(3)Surplusreserves
coveringloss
(4)Other
4.Closingbalanceof 326,749,995.52 13,510,365.29 1,107,371,497.90
currentperiod
Unit:RMB
Amountatsameperiodoflastyear
Owner'sequityattributedtoparentcompany
Item Less:
Paid-incapital(or
Capitalreserves Treasury
sharecapital)
stock
1.Balanceatendof 454,350,000.00 104,468,400.24
lastyear
Plus:Changeof
accountingpolicy
Correctionoferror
frompreviousperiod
2.Balanceat 454,350,000.00 104,468,400.24
beginningoftheyear
3.Increaseordecrease
ofcurrentperiod(for
decreasefilledin"－")
1)Netprofit
2)Profitorloss
directlyattributed
intoowner'sequity
(1)Netchangeoffair
valueofsalable
financialassets
(2)Impactsofchange
ofotherowner's
equityintheinvested
unitsunderequity
method
(3)Impactsofincome
taxrelatedtothe
itemsofowner's
equity
(4)Other
Subtotalofabove1)
================续上表=========================
Item Minority Totalofowner's
Surplus Provisionfor Undistributed
Other interest equity
reserves normalrisk profit
1.Balanceatendof 129,655,598.73 129,846,078.20 5,420,304.10 823,740,381.27
lastyear
Plus:Changeof
accountingpolicy
Correctionoferror
frompreviousperiod
2.Balanceat 129,655,598.73 129,846,078.20 5,420,304.10 823,740,381.27
beginningoftheyear
3.Increaseordecrease
ofcurrentperiod(for 4,905,064.04 5,635,049.29 10,540,113.33
decreasefilledin"－")
1)Netprofit 68,514,064.04 5,635,049.29 74,149,113.33
2)Profitorloss
directlyattributed
intoowner'sequity
(1)Netchangeoffair
valueofsalable
financialassets
(2)Impactsofchange
ofotherowner's
equityintheinvested
unitsunderequity
method
(3)Impactsofincome
taxrelatedtothe
itemsofowner's
equity
(4)Other
Subtotalofabove1) 68,514,064.04 5,635,049.29 74,149,113.33
and2)
3)Capitalinvestedor
reducedbytheowner
(1)Capitalinvestedby
theowner
(2)Paymentforshares
attributedinto
owner'sequity
(3)Other
4)Profitdistribution
(1)Appropriated
surplusreserves
(2)Appropriated
provisionfornormal
risk
(3)Distributionto
shareholders
(4)Other
5)Internaltransferof
owner'sequity
(1)Capitalreserves
transferredtoshare
capital
(2)Surplusreserves
transferredtoshare
capital
(3)Surplusreserves
coveringloss
(4)Other
4.Closingbalanceof 454,350,000.00 104,468,400.24 129,655,598.73
currentperiod
================续上表=========================
and2)
3)Capitalinvestedor
reducedbytheowner
(1)Capitalinvestedby
theowner
(2)Paymentforshares
attributedinto
owner'sequity
(3)Other
4)Profitdistribution 63,609,000.00 63,609,000.00
(1)Appropriated
surplusreserves
(2)Appropriated
provisionfornormal
risk
(3)Distributionto 63,609,000.00 63,609,000.00
shareholders
(4)Other
5)Internaltransferof
owner'sequity
(1)Capitalreserves
transferredtoshare
capital
(2)Surplusreserves
transferredtoshare
capital
(3)Surplusreserves
coveringloss
(4)Other
4.Closingbalanceof 134,751,142.24 11,055,353.39 834,280,494.60
currentperiod
ChangeofOwner'sEquityofParentCompany
Preparedby:HuangshanTourismDevelopmentCo.,Ltd. Unit:RMB
Amountofcurrentperiod
Less:
Item Paid-incapital(or
Capitalreserves Treasury
sharecapital)
stock
1.Balanceatendoflastyear 471,350,000.00 144,026,911.20
Plus:Changeofaccounting
policy
Correctionoferrorfrom
previousperiod
================续上表=========================
Item Undistributed Totalofowner's
Surplusreserves
profit equity
1.Balanceatendoflastyear 124,016,820.04 278,928,897.11 1,018,322,628.35
Plus:Changeofaccounting
policy
Correctionoferrorfrom
previousperiod
2.Balanceatbeginningofthe 471,350,000.00 144,026,911.20
year
3.Increaseordecreaseof
currentperiod(for
decreasefilledin"－")
1)Netprofit
2)Profitorlossdirectly
attributedintoowner's
equity
(1)Netchangeoffairvalue
ofsalablefinancialassets
(2)Impactsofchangeof
otherowner'sequityinthe
investedunitsunderequity
method
(3)Impactsofincometax
relatedtotheitemsof
owner'sequity
(4)Other
Subtotalofabove1)and2)
3)Capitalinvestedor
reducedbytheowner
(1)Capitalinvestedbythe
owner
(2)Paymentforshares
attributedintoowner's
equity
(3)Other
4)Profitdistribution
(1)Appropriatedsurplus
reserves
(2)Distributiontoowners(or
shareholders)
(3)Other
5)Internaltransferofowner's
equity
(1)Capitalreserves
transferredtocapital(or
sharecapital)
(2)Surplusreserves
transferredtocapital(or
sharecapital)
(3)Surplusreservescovering
================续上表=========================
2.Balanceatbeginningofthe 124,016,820.04 278,928,897.11 1,018,322,628.35
year
3.Increaseordecreaseof
currentperiod(for 73,723,304.04 73,723,304.04
decreasefilledin"－")
1)Netprofit 73,723,304.04 73,723,304.04
2)Profitorlossdirectly
attributedintoowner's
equity
(1)Netchangeoffairvalue
ofsalablefinancialassets
(2)Impactsofchangeof
otherowner'sequityinthe
investedunitsunderequity
method
(3)Impactsofincometax
relatedtotheitemsof
owner'sequity
(4)Other
Subtotalofabove1)and2) 73,723,304.04 73,723,304.04
3)Capitalinvestedor
reducedbytheowner
(1)Capitalinvestedbythe
owner
(2)Paymentforshares
attributedintoowner's
equity
(3)Other
4)Profitdistribution
(1)Appropriatedsurplus
reserves
(2)Distributiontoowners(or
shareholders)
(3)Other
5)Internaltransferofowner's
equity
(1)Capitalreserves
transferredtocapital(or
sharecapital)
(2)Surplusreserves
transferredtocapital(or
sharecapital)
(3)Surplusreservescovering
loss
(4)Other
4.Closingbalanceofcurrent 471,350,000.00 144,026,911.20 124,016,820.04
period
================续上表=========================
loss
(4)Other
4.Closingbalanceofcurrent 352,652,201.15 1,092,045,932.39
period
Unit:RMB
Amountatsameperiodoflastyear
Item Paid-incapital(or
Capitalreserves
sharecapital)
1.Balanceatendoflastyear 454,350,000.00 104,468,400.24
Plus:Changeofaccountingpolicy
Correctionoferrorfromprevious
period
2.Balanceatbeginningoftheyear 454,350,000.00 104,468,400.24
3.Increaseordecreaseofcurrent
period(fordecreasefilledin"－")
1)Netprofit
2)Profitorlossdirectlyattributed
intoowner'sequity
(1)Netchangeoffairvalueofsalable
financialassets
(2)Impactsofchangeofother
owner'sequityintheinvestedunits
underequitymethod
(3)Impactsofincometaxrelatedto
theitemsofowner'sequity
(4)Other
Subtotalofabove1)and2)
3)Capitalinvestedorreducedbythe
owner
(1)Capitalinvestedbytheowner
(2)Paymentforsharesattributedinto
owner'sequity
(3)Other
4)Profitdistribution
(1)Appropriatedsurplusreserves
(2)Distributiontoowners(or
shareholders)
(3)Other
5)Internaltransferofowner'sequity
(1)Capitalreservestransferredto
================续上表=========================
Less:
Item Undistributed Totalofowner's
Treasury Surplusreserves
profit equity
stock
1.Balanceatendoflastyear 107,745,825.84 150,021,749.94 816,585,976.02
Plus:Changeofaccountingpolicy
Correctionoferrorfromprevious
period
2.Balanceatbeginningoftheyear 107,745,825.84 150,021,749.94 816,585,976.02
3.Increaseordecreaseofcurrent 4,463,814.03 4,463,814.03
period(fordecreasefilledin"－")
1)Netprofit 68,072,814.03 68,072,814.03
2)Profitorlossdirectlyattributed
intoowner'sequity
(1)Netchangeoffairvalueofsalable
financialassets
(2)Impactsofchangeofother
owner'sequityintheinvestedunits
underequitymethod
(3)Impactsofincometaxrelatedto
theitemsofowner'sequity
(4)Other
Subtotalofabove1)and2) 68,072,814.03 68,072,814.03
3)Capitalinvestedorreducedbythe
owner
(1)Capitalinvestedbytheowner
(2)Paymentforsharesattributedinto
owner'sequity
(3)Other
4)Profitdistribution 63,609,000.00 63,609,000.00
(1)Appropriatedsurplusreserves
(2)Distributiontoowners(or 63,609,000.00 63,609,000.00
shareholders)
(3)Other
5)Internaltransferofowner'sequity
(1)Capitalreservestransferredto
capital(orsharecapital)
(2)Surplusreservestransferredto
capital(orsharecapital)
(3)Surplusreservescoveringloss
(4)Other
4.Closingbalanceofcurrentperiod 454,350,000.00 46,541,812.86
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capital(orsharecapital)
(2)Surplusreservestransferredto
capital(orsharecapital)
(3)Surplusreservescoveringloss
(4)Other
4.Closingbalanceofcurrentperiod 107,745,825.84 154,485,563.97 821,049,790.05
7.3Notesofstatements
7.3.1DuringthereportperiodtheCompanydidnot haveanychangeforitsaccountingpolicies
andaccountingestimateoranycorrectionforitsaccountingerrors.
7.3.2Duringthereportperiodtheconsolidation rangeforthefinancialstatementsofthe
Companydidnothaveanychange.
TheBoardofDirectors
HuangshanTourismDevelopmentCo.,Ltd.
August15,2008
