Short Form of the Stock: ST Donghai-A, ST Donghai-B Stock Code: 000613, 200613海南大东海旅游中心股份有限公司
Hainan Dadonghai Tourism Centre (Holdings) Co., Ltd.
The First Quarterly Report 2015
(Full Text)
Disclosure Date: 29 April 2015
Section I. Important Notice
Board of Directors and the Supervisory Committee of Hainan Dadonghai Tourism Centre (Holdings) Co., Ltd. (hereinafter referred to as the Company) and its directors, supervisors and senior executives should guarantee the reality, accuracy and completion of the quarterly report, there are no any fictitious statements, misleading statements or important omissions carried in this report, and shall take legal responsibilities, individual and/or joint.
All Directors are attended the Board Meeting for Quarterly Report deliberation
Li Yuanbin, Person in charge of the Company, Fu Zongren, person in charger of accounting works and Liu Xianghai, person in charger of accounting organ (accounting officer) hereby confirm that the Financial Report of this Quarterly Report is authentic, accurate and complete.
Section II. Main financial data and changes of shareholders I. Main accounting data and financial indexes
Whether it has retroactive adjustment or re-statement on previous accounting data for accounting policy changed and accounting error correction or not
□ Yes√No
|||||
|-|-|-|-|
||||Changes of this period over|
||Current Period|Same period of last year||
||||same period of last year|
|Operating income (RMB)|6,260,948.00|8,477,209.50|-26.14%|
|Net profit attributable to shareholders of|-112,934.03|505,793.55||
||||-122.33%|
|the listed company(RMB)||||
|Net profit attributable to shareholders of||||
|the listed company after deducting|-1,347,584.53|460,223.64|-392.81%|
|non-recurring gains and losses(RMB)||||
|Net cash flow arising from operating|953,736.43|2,621,044.20||
||||-63.61%|
|activities(RMB)||||
|Basic earnings per share (RMB/Share)|-0.0003|0.0014|-121.43%|
|Diluted earnings per share (RMB/Share)|-0.0003|0.0014|-121.43%|
|Weighted average ROE|-0.13%|0.62%|-0.75%|
||||Changes of this period-end|
||At the end of the reporting|||
|||At the end of last year|over same period-end of last|
||period|||
||||year (%)|
|Total assets (RMB)|114,014,974.67|114,080,998.28|-0.06%|
|Net assets attributable to shareholder of|84,302,400.30|84,415,334.33||
||||-0.13%|
|listed company (RMB)||||

Items of non-recurring gains and losses
√Applicable□ Not applicable
In RMB
||||
|-|-|-|
||Amount from year-begin to||
|Item||Note|
||period-end||
|||Among the non-operating income, compensation|
|||payments amounting to 37,188 Yuan, second|
|Other non-operating income and expenditure|||
||1,234,650.50|largest shareholder carried out short-term operation|
|except for the aforementioned items|||
|||with income of 1197462.5 Yuan generated out of|
|||the line|
|Total|1,234,650.50|--|

Concerning the extraordinary profit (gain)/loss defined byQ&A Announcement No.1 on Information Disclosure for Companies
Offering Their Securities to the Public --- Extraordinary Profit/loss, and the items defined as recurring profit (gain)/loss according to the lists of extraordinary profit (gain)/loss inQ&A Announcement No.1 on Information Disclosure for Companies Offering Their Securities to the Public --- Extraordinary Profit/loss, explain reasons
□ Applicable√ Not applicable
In reporting period, the Company has no particular about items defined as recurring profit (gain)/loss according to the lists of extraordinary profit (gain)/loss inQ&A Announcement No.1 on Information Disclosure for Companies Offering Their Securities to the Public --- Extraordinary Profit/loss
II. Total number of shareholders at the end of this report period and top ten shareholders 1. Total number of common shareholders at the end of this report period and top ten common shareholders In shares
||||||||
|-|-|-|-|-|-|-|
|Total common shareholders at the end of report period||22,116|||||
|Top ten common shareholders|||||||
|||Proport||Amount of|Number of share||
||||Amount of||||
|Shareholder’s name|Nature of shareholder|ion of||restricted shares|pledged/frozen||
|||shares|shares held||||
|||held||held|State of share|Amount|
|Luoniushan Co., Ltd.|Domesticnon-state-owned legalperson|16.81%|61,190,270|0|||
|Pan Guoping|Domestic nature person|8.48%|30,879,791|0|Pledged|30,000,000|
|China Everbright Securities (HK)Limited|Overseas legal person|4.67%|16,993,799|0|||
|Kang Liling|Overseas nature person|2.12%|7,730,000|0|||
|Construction Investment CITICAssets Management Co., Ltd.|Domesticnon-state-owned legalperson|1.27%|4,620,000|0|||
|Yangpu Tongrong InvestmentManagement Consultation Co., Ltd.|Domesticnon-state-owned legalperson|1.21%|4,420,800|4,420,800|||
|CITRINE CAPITAL LIMITED|Overseas legal person|0.90%|3,265,200|0|||
|Sanya Zhongxing Development Co.,Ltd.|Domesticnon-state-owned legalperson|0.70%|2,541,000|2,541,000|||
|Sanya Rural Credit CooperativeAssociation|Domesticnon-state-owned legalperson|0.63%|2,310,000|0|||
|CREDIT SUISSE AG SINGAPOREBRANCH|Overseas legal person|0.54%|1,961,575|0|||
|Top ten common shareholders with unrestricted shares held|||||||
||||||Type of shares||
|Shareholder’s name||Amount of unrestricted shares held|||||
||||||Type|Amount|

|||||
|-|-|-|-|
|Luoniushan Co., Ltd.|61,190,270|RMB common||
||||61,190,270|
|||share||
|Pan Guoping|30,879,791|Domestically||
|||listed foreign|30,879,791|
|||share||
|China Everbright Securities (HK) Limited|16,993,799|Domestically||
|||listed foreign|16,993,799|
|||share||
|Kang Liling|7,730,000|Domestically||
|||listed foreign|7,730,000|
|||share||
|Construction Investment CITIC Assets Management Co.,Ltd.|4,620,000|RMB common||
||||4,620,000|
|||share||
|CITRINE CAPITAL LIMITED|3,265,200|Domestically||
|||listed foreign|3,265,200|
|||share||
|Sanya Rural Credit Cooperative Association|2,310,000|RMB common||
||||2,310,000|
|||share||
|CREDIT SUISSE AG SINGAPORE BRANCH|1,961,575|Domestically||
|||listed foreign|1,961,575|
|||share||
|China Foreign Trade Trust Co., Ltd.|1,850,101|RMB common||
||||1,850,101|
|||share||
|Zhongshan Industrial Group Co., Ltd.|1,848,000|RMB common||
||||1,848,000|
|||share||
||The Company is unknown whether there exists associated relationship|||
|Explanation on associated relationship among the aforesaid||||
||or belongs to the consistent actor regulated by the Management|||
|shareholders|Measure of Information Disclosure on Change of Shareholding for|||
||Listed Company among the other shareholders.|||
|Explanation on top 10 common shareholders involving||||
||N/A|||
|margin business||||

Whether top ten common shareholders or top ten common shareholders with un-restrict shares held have a buy-back agreement dealing in reporting period
□ Yes√ No
The top ten common shareholders or top ten common shareholders with un-restrict shares held of the Company have no buy-back agreement dealing in reporting period.
2. Total shareholders with preferred stock held at Period-end and shares held by top ten shareholders with preferred stock held
□ Applicable√ Not applicable
Section III. Significant Events
I. Particulars about material changes in items of main accounting statement and financial index and explanations of reasons
√Applicable□Not applicable
Abnormal condition and explaintion on items of accounting statement
||||||
|-|-|-|-|-|
|Item|Ending balance(or current period)|Openingbalance(last period)|Chengesratio (%)|Reasons|
|Payment inadvance|20,666.47|40,778.52|-49.32%|Changes in normal range|
|Non-curren assetsdue within oneyear|122,722.87|196,354.90|-37.50%|The long-term amotization expenses within one yearare amotized|
|Account receivedin advance|1,027,502.43|1,360,245.91|-24.46%|Hotel business decreased in the Period, and theconsuption money received in advance declinedcorrespondingly|
|Operationrevenue|6,260,948.00|8,477,209.50|-26.14%|The hotel price and letting rate declined in the Period|
|Operation cost|203,879.91|3,962.52|5,045.21%|The restaurant cost increased due to the right ofmanagement for breadfast in Chinese Restaurant takenback in the Year|
|Business tax andsurcharge|350,613.10|474,723.75|-26.14%|Operation revenue decreased in the Period|
|Financialexpenses|-31,321.97|46,539.85|-167.30%|Credit card e-commerce charge decreased and theinterest revenue growth|
|Non-operationrevenue|1,234,650.50|45,702.00|2,601.52%|The second largest shareholder carried out short-termoperation with income of 1197462.5 Yuan generated,which was collected by the income of the Company|
|Net profit|-112,934.03|505,793.55|-122.33%|Mainly because operation revenue decreased, and theincome from abusive trading for stock fromsharehodlers collected|
|Net cash flowarising fromoperation activity|953,736.43|2,621,044.20|-63.61%|Mainly because operation revenue decreased, and theincome from abusive trading for stock fromsharehodlers collected|
|Net increase ofcash and cashequivalent|950,536.43|2,461,844.20|-61.39%|Mainly because operation revenue decreased, and theincome from abusive trading for stock fromsharehodlers collected|

II. Analysis and explanation of significant events and their influence and solutions
□Applicable√Not applicable
III. Commitments from the Company or shareholders (with over5% shares held) in or occurred in the previous period but continued to reporting period
√ Applicable□ Not applicable
|||||||
|-|-|-|-|-|-|
||||Commitment|Commitment||
||||||Implementation|
|Commitments|Accepter|Contents||||
||||time|period||
|||Luoniushan will||||
||Luoniushan Co.,|actively seeking|||Appropriate party|
||Ltd.-the first largest|a restructuring|||has not been|
|Share Merger Reform|||2014-06-27|In 3 years||
||shareholder of the|party for|||found yet at|
||Company|recapitalize for|||present|
|||the Company||||
|Commitments in report of acquisition or||||||
|equity change||||||
|Commitments in assets reorganization||||||
|Commitments make in initial public offering||||||
|or re-financing||||||
|Other commitments to minority shareholders||||||
|of the Company||||||
|Completed on time (Y/N)|N|||||
|Detail reasons for un-complement and||||||
||N/A|||||
|further plan||||||

IV. Predict of the business performance from January to June 2015
Warnings and reasons of the predict that the cumulative net profit from the begin of the year to the end of next report period may be loss or have great changes comparing with the same period of last year
□ Applicable√ Not applicable
V. Securities Investment
□ Applicable√ Not applicable
The Company has no securities investment in Period
VI. Explanation on equity of other listed company held
□ Applicable√ Not applicable
No equity of other listed company held in Period-end.
VII. Derivative investment
□ Applicable√ Not applicable
No derivative investment in the Period.
VIII. Registration form for receiving research, communication and interview in the report period
√ Applicable□ Not applicable
|||||||
|-|-|-|-|-|-|
|Date|Place|Method|Type of investors|Investor|Contents discussed and materials supplied|
|||Telephone||Investor in|Payment of the advance money in share merger|
||The|||||
|2015-01-08||communicat|Individual|Shenyang|reform and un-lock events without material|
||Company|||||
|||ion||(Mr/Ms. Lin)|required|
|||Telephone||||
||The|||Investor in Hainan|Annual operation of the Company for year of|
|2015-01-20||communicat|Individual|||
||Company|||(Mr/Ms. Zhang)|2014 without material required|
|||ion||||
|||Telephone||||
||The|||Investor in Jiling|Operation of the Company without material|
|2015-02-06||communicat|Individual|||
||Company|||(Mr/Ms. Lu)|required|
|||ion||||
|||Telephone||Investor in||
||The||||Operation of the Company in Spring Festival|
|2015-02-25||communicat|Individual|Shenzhen (Mr/Ms.||
||Company||||without material required|
|||ion||Huang)||
|||Telephone||Investor in||
||The||||Operation of the Company without material|
|2015-03-20||communicat|Individual|Shanghai (Mr/Ms.||
||Company||||required|
|||ion||Wang)||

IV. Financial Statement
I. Financial Statement
1. BALANCE SHEET
Prepared by HAINAN DADONGHAI TOURISM CENTER (HOLDINGS) CO., LTD.
2015-03-31
In RMB
||||
|-|-|-|
|Item|Ending Balance|Opening Balance|
|Current assets:|||
|Monetary funds|23,500,825.97|22,550,289.54|
|Settlement provisions|||
|Capital lent|||
|Financial liability measured by fair value and with|||
|variation reckoned into current gains/losses|||
|Derivative financial assets|||
|Notes receivable|||
|Accounts receivable|3,036,257.02|2,632,379.02|
|Accounts paid in advance|20,666.47|40,778.52|
|Insurance receivable|||
|Reinsurance receivables|||
|Contract reserve of reinsurance receivable|||
|Interest receivable|||
|Dividend receivable|||
|Other receivables|320,848.66|332,661.26|
|Purchase restituted finance asset|||
|Inventories|315,811.90|307,057.29|
|Divided into assets held for sale|||
|Non-current asset due within one year|122,722.87|196,354.90|
|Other current assets|||
|Total current assets|27,317,132.89|26,059,520.53|
|Non-current assets:|||
|Loans and payments on behalf|||
|Finance asset available for sales|4,500,000.00|4,500,000.00|
|Held-to-maturity investment|||
|Long-term account receivable|||

||||
|-|-|-|
|Long-term equity investment|||
|Investment property|||
|Fixed assets|55,194,905.89|56,301,360.07|
|Construction in progress|||
|Engineering material|||
|Disposal of fixed asset|||
|Productive biological asset|||
|Oil and gas asset|||
|Intangible assets|27,002,935.89|27,220,117.68|
|Expense on Research and Development|||
|Goodwill|||
|Long-term expenses to be apportioned|||
|Deferred income tax asset|||
|Other non-current asset|||
|Total non-current asset|86,697,841.78|88,021,477.75|
|Total assets|114,014,974.67|114,080,998.28|
|Current liabilities:|||
|Short-term loans|||
|Loan from central bank|||
|Absorbing deposit and interbank deposit|||
|Capital borrowed|||
|Financial liability measured by fair value and with|||
|variation reckoned into current gains/losses|||
|Derivative financial liability|||
|Notes payable|||
|Accounts payable|2,603,804.64|2,390,345.19|
|Accounts received in advance|1,027,502.43|1,360,245.91|
|Selling financial asset of repurchase|||
|Commission charge and commission payable|||
|Wage payable|3,451,501.92|3,451,674.05|
|Taxes payable|-1,163,092.76|-1,155,972.31|
|Interest payable|||
|Dividend payable|||
|Other accounts payable|23,792,858.14|23,619,371.11|
|Reinsurance payables|||
|Insurance contract reserve|||
|Security trading of agency|||

||||
|-|-|-|
|Security sales of agency|||
|Divided into liability held for sale|||
|Non-current liabilities due within 1 year|||
|Other current liabilities|||
|Total current liabilities|29,712,574.37|29,665,663.95|
|Non-current liabilities:|||
|Long-term loans|||
|Bonds payable|||
|Including: preferred stock|||
|Perpetual capital securities|||
|Long-term account payable|||
|Long-term wages payable|||
|Special accounts payable|||
|Accrual liabilities|||
|Deferred income|||
|Deferred income tax liabilities|||
|Other non-current liabilities|||
|Total non-current liabilities|||
|Total liabilities|29,712,574.37|29,665,663.95|
|Owner’s equity:|||
|Share capital|364,100,000.00|364,100,000.00|
|Other equity instrument|||
|Including: preferred stock|||
|Perpetual capital securities|||
|Capital public reserve|54,142,850.01|54,142,850.01|
|Less: Inventory shares|||
|Other comprehensive income|||
|Reasonable reserve|||
|Surplus public reserve|||
|Provision of general risk|||
|Retained profit|-333,940,449.71|-333,827,515.68|
|Total owner’s equity attributable to parent company|84,302,400.30|84,415,334.33|
|Minority interests|||
|Total owner’s equity|84,302,400.30|84,415,334.33|
|Total liabilities and owner’s equity|114,014,974.67|114,080,998.28|

Legal Representative: Li Yuanbin
Person in charge of accounting works: Fu Zongren
Person in charge of accounting institute: Liu Xianghai
2. Profit statement
In RMB
||||
|-|-|-|
|Item|Current Period|Last Period|
|I. Total operating income|6,260,948.00|8,477,209.50|
|Including: Operating income|6,260,948.00|8,477,209.50|
|Interest income|||
|Insurance gained|||
|Commission charge and commission income|||
|II. Total operating cost|7,608,532.53|7,848,388.01|
|Including: Operating cost|203,879.91|3,962.52|
|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|||
|Business tax and surcharge|350,613.10|474,723.75|
|Sales expenses|3,154,711.66|3,038,252.79|
|Administration expenses|3,930,649.83|4,284,909.10|
|Financial expenses|-31,321.97|46,539.85|
|Losses of devaluation of asset|||
|Add: Changing income of fair value(Loss is listed with “-”)|||
|Investment income (Loss is listed with “-”)|||
|Including: Investment income on affiliated company and joint|||
|venture|||
|Exchange income (Loss is listed with “-”)|||
|III. Operating profit (Loss is listed with “-”)|-1,347,584.53|628,821.49|
|Add: Non-operating income|1,234,650.50|45,702.00|
|Including: Disposal gains of non-current asset|||
|Less: Non-operating expense||132.09|
|Including: Disposal loss of non-current asset|||

||||
|-|-|-|
|IV. Total Profit (Loss is listed with “-”)|-112,934.03|674,391.40|
|Less: Income tax expense||168,597.85|
|V. Net profit (Net loss is listed with “-”)|-112,934.03|505,793.55|
|Net profit attributable to owner’s of parent company|-112,934.03|505,793.55|
|Minority shareholders’ gains and losses|||
|VI. Net after-tax of other comprehensive income|||
|Net after-tax of other comprehensive income attributable to|||
|owners of parent company|||
|(I) Other comprehensive income items which will not be|||
|reclassified subsequently to profit of loss|||
|1. Changes as a result of re-measurement of net defined|||
|benefit plan liability or asset|||
|2. Share of the other comprehensive income of the|||
|investee accounted for using equity method which will not be|||
|reclassified subsequently to profit and loss|||
|(II) Other comprehensive income items which will be|||
|reclassified subsequently to profit or loss|||
|1. Share of the other comprehensive income of the|||
|investee accounted for using equity method which will be|||
|reclassified subsequently to profit or loss|||
|2. Gains or losses arising from changes in fair value of|||
|available-for-sale financial assets|||
|3. Gains or losses arising from reclassification of|||
|held-to-maturity investment as available-for-sale financial assets|||
|4. The effect hedging portion of gains or losses arising|||
|from cash flow hedging instruments|||
|5. Translation differences arising on translation of|||
|foreign currency financial statements|||
|6. Other|||
|Net after-tax of other comprehensive income attributable to|||
|minority shareholders|||
|VII. Total comprehensive income|-112,934.03|505,793.55|
|Total comprehensive income attributable to owners of parent|||
||-112,934.03|505,793.55|
|Company|||
|Total comprehensive income attributable to minority|||
|shareholders|||
|VIII. Earnings per share:|||
|(i) Basic earnings per share|-0.0003|0.0014|

||||
|-|-|-|
|(ii) Diluted earnings per share|-0.0003|0.0014|

 Enterprise combine under the same control in the Period, the combined party realized net profit of 0 Yuan before combination, and realized 0 Yuan at last period for combined party
Legal Representative: Li Yuanbin
Person in charge of accounting works: Fu Zongren
Person in charge of accounting institute: Liu Xianghai
3. Cash Flow Statement
In RMB
||||
|-|-|-|
|Item|Current Period|Last Period|
|I. Cash flows arising from operating activities:|||
|Cash received from selling commodities and providing labor services|5,812,574.29|8,712,946.02|
|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 amount from disposal financial assets that measured by|||
|fair value and with variation reckoned into current gains/losses|||
|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|1,519,352.83|50,777.84|
|Subtotal of cash inflow arising from operating activities|7,331,927.12|8,763,723.86|
|Cash paid for purchasing commodities and receiving labor service|1,241,785.52|1,358,608.95|
|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|2,453,295.12|2,926,280.19|
|Taxes paid|762,583.81|871,404.05|
|Other cash paid concerning operating activities|1,920,526.24|986,386.47|
|Subtotal of cash outflow arising from operating activities|6,378,190.69|6,142,679.66|

||||
|-|-|-|
|Net cash flows arising from operating activities|953,736.43|2,621,044.20|
|II. Cash flows arising from investing activities:|||
|Cash received from recovering investment|||
|Cash received from investment income|||
|Net cash received from disposal of fixed, intangible and other|||
|||4,200.00|
|long-term assets|||
|Net cash received from disposal of subsidiaries and other units|||
|Other cash received concerning investing activities|||
|Subtotal of cash inflow from investing activities||4,200.00|
|Cash paid for purchasing fixed, intangible and other long-term assets|3,200.00|163,400.00|
|Cash paid for investment|||
|Net increase of mortgaged loans|||
|Net cash received from subsidiaries and other units obtained|||
|Other cash paid concerning investing activities|||
|Subtotal of cash outflow from investing activities|3,200.00|163,400.00|
|Net cash flows arising from investing activities|-3,200.00|-159,200.00|
|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|||
|Cash paid for settling debts|||
|Cash paid for dividend and profit distributing or interest paying|||
|Including: Dividend and profit of minority shareholder paid by|||
|subsidiaries|||
|Other cash paid concerning financing activities|||
|Subtotal of cash outflow from financing activities|||
|Net cash flows arising from financing activities|||
|IV. Influence on cash and cash equivalents due to fluctuation in exchange|||
|rate|||
|V. Net increase of cash and cash equivalents|950,536.43|2,461,844.20|
|Add: Balance of cash and cash equivalents at the period -begin|22,550,289.54|6,835,685.46|

||||
|-|-|-|
|VI. Balance of cash and cash equivalents at the period -end|23,500,825.97|9,297,529.66|

 II. Audit report
Whether the first quarterly report had been audited or not
□ Yes√ No
The first quarterly report of the Company had not been audited.
Board of Directors of Hainan Dadonghua Tourism Centre (Holdings) Co., LTD Chairman: Li Yuanbin
April 27, 2015