司公限有份股心中游旅海东大南海 2016 文全告报度年半年
Stock Code: 000613, 200613 Short Form of the Stock: Dadonghai-A, Dadonghai-B
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 2016
(Full Text)
Disclosure Date: 13 August 2016
1
司公限有份股心中游旅海东大南海 2016 文全告报度年半年
Section I. Important Notice, Contents and Paraphrase
Important Notice:
Board of Directors, Supervisory Committee, all directors, supervisors and senior executives of Hainan
Dadonghai Tourism Centre (Holdings) Co., Ltd. (hereinafter referred to as the Company) hereby confirm
that there are no any fictitious statements, misleading statements, or important omissions carried in this
report, and shall take all responsibilities, individual and/or joint, for the reality, accuracy and completion of
the whole contents.
The Company has no plans of cash dividend distributed, no bonus shares and has no share converted from
capital reserve either.
Li Yuanbin, principal of the Company, Fu Zongren, person in charger of accounting works and Fu Zongren,
person in charge of accounting organ (accounting principal) hereby confirm that the Financial Report of
Semi-Annual Report 2016 is authentic, accurate and complete.
Concerning the forward-looking statements with future planning involved in the Semi-Report, they do not
constitute a substantial commitment for investors. Investors are advised to exercise caution of investment
risks.
Content
Semi-Annual Report 2016 ...................................................................................................................1
Section I Important Notice, Contents and Paraphrase .........................................................................2
Section II Company Profile..................................................................................................................3
Section III Accounting data and summary of finnaical indexes ..........................................................5
Section IV Report of the Board of Directors .......................................................................................7
Section V Important Events ............................................................................................................... 11
Section VI Changes in shares and particular about shareholders ......................................................15
Section VII Preferred Stock………………………………………………………………………..20
Section VIII Directors, Supervisors and Senior Executives .............................................................21
Section IX Financial Report...............................................................................................................22
Section X Documents Available for Reference ................................................................................78
2
司公限有份股心中游旅海东大南海 2016 文全告报度年半年
Paraphrase
Items Refers to Definition
CSRC Refers to China Securities Regulation Commission
SSE Refers to Shenzhen Stock Exchange
Company Law Refers to Company Law of The People’s Republic of China
Securities Law Refers to Securities Law of The People’s Republic of China
Company/the Company Refers to Hainan Dadonghai Tourism Centre (Holdings) Co., Ltd.
Article of Association of Hainan Dadonghai Tourism
Article of Association Refers to
Centre (Holdings) Co., Ltd.
Shareholders’ General Meeting of Hainan Dadonghai
Shareholders’ General Meeting Refers to
Tourism Centre (Holdings) Co., Ltd.
Board of Directors of Hainan Dadonghai Tourism Centre
Board of Directors Refers to
(Holdings) Co., Ltd.
Supervisory Committee of Hainan Dadonghai Tourism
Supervisory Committee Refers to
Centre (Holdings) Co., Ltd.
Yuan Refers to RMB/CNY
Risk Warning
Securities Times, Hong Kong Commercial Daily and Juchao Website (www.cninfo.com.cn) are the media for
information disclosure appointed by the Company for year of 2016, all information under the name of the
Company disclosed on the above said media shall prevail
The report is prepared in bilingual versions of Chinese and English respectively, in the event of any discrepancy in
understanding the two aforementioned versions, the Chinese version shall prevail.
Investors are advised to exercise caution of investment risks.
3
司公限有份股心中游旅海东大南海 2016 文全告报度年半年
Section II Company profile
I. Company Profile
Short form for share Dadonghai-A , Dadonghai-B Code for share 000613, 200613
Short form for share after the
N/A
change
Listing stock exchange Shenzhen Stock Exchange
Chinese name of the Company 司公限有份股心中游旅海东大南海
Abbr. of Chinese name of the
Company
海东大
English name of the Company Hainan Dadonghai Tourism Centre (Holdings) Co.,Ltd.
Abbr. of English name of the
DADONGHAI
Company
Legal Representative Li Yuanbin
II. Contact person and ways
Secretary of the Board Rep. of securities affairs
Name Wang Hongjuan
Contact adds. Dadonghai Sanya
Tel. 0898-88219921
Fax. 0898-88214998
E-mail hnddhhn@21cn.com
III. Others
1. Way of contact
Whether registrations address, offices address and codes as well as website and email of the Company changed in reporting period or
not
□ Applicable √ Not applicable
Registrations address, offices address and codes as well as website and email of the Company has no change in reporting period,
found more details in Annual Report 2015.
2. Information disclosure and preparation place
Whether information disclosure and preparation place changed in reporting period or not
4
司公限有份股心中游旅海东大南海 2016 文全告报度年半年
□ Applicable √ Not applicable
The newspaper appointed for information disclosure, website for semi-annual report publish appointed by CSRC and preparation
place for semi-annual report have no change in reporting period, found more details in Annual Report 2015.
3. Registration changes of the Company
Whether registration has changed in reporting period or not
□ Applicable √ Not applicable
Date/place for registration of the Company, registration number for enterprise legal license, number of taxation registration and
organization code have no change in reporting period, found more details in Annual Report 2015.
5
司公限有份股心中游旅海东大南海 2016 文全告报度年半年
Section III. Accounting data and summary of financial indexes
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
Increase/decrease in this
Current period Same period of last year
report y-o-y
Operating revenue (RMB) 12,062,797.60 8,421,296.50 43.24%
Net profit attributable to shareholders of
172,122.52 -3,391,966.64 -105.07%
the listed company(RMB)
Net profit attributable to shareholders of
the listed company after deducting 94,716.52 -4,797,114.00 -101.97%
non-recurring gains and losses(RMB)
Net cash flow arising from operating
1,453,697.44 830,910.41 74.95%
activities(RMB)
Basic earnings per share (RMB/Share) 0.0005 -0.0093 -105.38%
Diluted earnings per share (RMB/Share) 0.0005 -0.0093 -105.38%
Weighted average ROE (%) 0.22% -4.10% -105.37%
Increase/decrease in this
End of current period End of last period report-end over that of last
period-end
Total assets (RMB) 103,867,283.10 104,887,596.60 -0.97%
Net assets attributable to shareholder of
77,109,590.45 76,937,467.93 0.22%
listed company(RMB)
II. Difference of the accounting data under accounting rules in and out of China
1. Difference of the net profit and net assets disclosed in financial report, under both IAS (International
Accounting Standards) and Chinese GAAP (Generally Accepted Accounting Principles)
√Applicable □Not applicable
In RMB
Net profit attributable to shareholders of listed Net assets attributable to shareholders of listed
company company
Amount in this period Amount in last period Amount at period-end Amount at
6
司公限有份股心中游旅海东大南海 2016 文全告报度年半年
period-begin
Chinese GAAP 172,122.52 -3,391,966.64 77,109,590.45 76,937,467.93
Items and amount adjusted by IAS
By IAS 172,122.52 -3,391,966.64 77,109,590.45 76,937,467.93
2. Difference of the net profit and net assets disclosed in financial report, under both foreign accounting
rules and Chinese GAAP (Generally Accepted Accounting Principles)
√Applicable □Not applicable
In RMB
Net profit attributable to shareholders of listed Net assets attributable to shareholders of listed
company company
Amount at
Amount in this period Amount in last period Amount at period-end
period-begin
Chinese GAAP 172,122.52 -3,391,966.64 77,109,590.45 76,937,467.93
Items and amount adjusted by foreign accounting rules
By foreign accounting rules 172,122.52 -3,391,966.64 77,109,590.45 76,937,467.93
3. Reasons for the differences of accounting data under accounting rules in and out of China
□Applicable √Not applicable
III. Items and amounts of extraordinary profit (gains)/loss
√Applicable □Not applicable
In RMB
Item Amount Note
Other non-operating income and expenditure except for the Mainly refers to the income from
77,406.00
aforementioned items compensation
Total 77,406.00 --
Concerning the extraordinary profit (gain)/loss defined by Q&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 in Q&A Announcement No.1 on Information Disclosure for Companies Offering Their
Securities to the Public --- Extraordinary Profit/loss, explain reasons
√ Applicable □Not applicable
Item Amount (RMB) Reasons
Compensation income 64,926.00 Income from compensation for guest houses
Others 12,480.00 Other income
7
司公限有份股心中游旅海东大南海 2016 文全告报度年半年
Section IV. Report of the Board of Directors
I. Introduction
Experience the downturn of economic enviornment and tourism market in reporting period, and impact by the upgrade and
restructuring of the operation facilities in hotel, the Company actively carry out countermeasures to foucusing on the hotl network,
e-business and expoitation on foreign market. Making prompt adjustments on the sale strategy according to market conditions, more
efferts are made in market development as net work, e-business and foreign business, strengthen the soft/hard ware construction in
order to improve the service quality. Meanwhile, the Company further reinforce the internal control management, continues to
strengthen cost control, energy-saving, increase income & reduce expenditure for minimising losses in costs. The occupance had
increased compared with the same period last year, revenue from main busienss increased as well as the profit, the operation benefit
is taking a turn for the better.
In reporting Period, operation revenue of the Company amounting to RMB 12.0628 million, increased RMB 3.6415 million over
same period of last year with 43.24% up; operation profit gains RMB152,100, decreased RMB 4.783 million losses from a year
earlier with 103.28% declined; net non-operating income and expenses amounting to RMB 77,400 with RMB 1.1615 million
declined form a year earlier with 93.75% down; net profit was RMB 172,100, RMB 3.5641 million loss declined from a year earlier
with 105.07% down.
II. Main business analysis
Y-o-y changes of main financial data
In RMB
Same period of Y-o-y
Current period Reasons for changes
last year increase/decrease
Operation revenue 12,062,797.60 8,421,296.50 43.24% More revenue from guest houses
Operation cost 554,719.62 271,303.89 104.46% More revenue from catering
Sales expenses 5,976,169.43 6,139,828.47 -2.67%
Administrative expenses 5,017,613.77 6,399,160.26 -21.59%
Income from savings interests
Financial cost -204,752.54 -63,474.74 222.57%
increased
The income tax expenses accrual for
Income tax expenses 57,374.17 100.00%
earnings in the Period
Net cash flow arising from
1,453,697.44 830,910.41 74.95% Expenses declined
operation activities
Net cash flow arising from
-9,410,799.00 -26,327.00 35,645.81% The creditors investment increased
investment activities
Net increase of cash and cash
-7,957,101.56 804,583.41 -1,088.97% The creditors investment increased
equivalent
8
司公限有份股心中游旅海东大南海 2016 文全告报度年半年
Major changes on profit composition or profit resources in reporting period
√Applicable □Not applicable
Profit of the Period increased 43.24% on a y-o-y basis, main reasons are:
In reporting period, the Company put more efferts in market development as net work, e-business and foreign business, strengthen
the soft/hard ware and operation evniornment management in and out of the hotel in order to improve the service quality. The
occupance had increased compared with the same period last year, revenue from operation increased. Meanwhile, the Company
further reinforce the internal control management, continues to strengthen cost control, energy-saving, increase income & reduce
expenditurem, the costs expenditure had declined compared with same period of last year with the profit growth.
The future development and planning extended to reporting period that published in disclosure documents as prospectus, private
placing memorandum and recapitalize statement
□ Applicable √ Not applicable
No future development and planning extended to reporting period that published in disclosure documents as prospectus, private
placing memorandum and recapitalize statement
Review on the previous business plan and its progress during reporting period
During the reporting period, as affected by the continuous depress of the overall economic conditions and tourism market, upgrade of
hotel operation facilities, the Company adopted actions accordingly to complete its operating target determined at the beginning of
the year, which included adjusting operating strategies, insisting on market-oriented demand, intensifying sales resources based on
economic benefits, effectively improving service quality and bringing costs under strict control.
III. Constitution of main business
In RMB
Increase or decrease
Increase or decrease of Increase or decrease of
Operating Operating Gross profit of gross profit ratio
operating revenue over operating cost over
revenue cost ratio over same period of
same period of last year same period of last year
last year
According to industries
Tourism &
12,062,797.60 554,719.62 95.40% 43.24% 104.46% -1.38%
catering
According to products
Room revenue 9,811,796.58 100.00% 51.96%
Catering and
entertainment 1,024,670.92 554,719.62 45.86% 52.39% 104.46% -13.79%
revenue
Rental revenue 1,226,330.10 100.00% -5.10%
According to region
Hainan Province 12,062,797.60 554,719.62 95.40% 43.24% 104.46% -1.38%
9
司公限有份股心中游旅海东大南海 2016 文全告报度年半年
IV. Core competitive-ness analysis
In the reporting period, the Company’s core competitive-ness had no major changes, and more details can be found in Annual Report
2015
V. Investment analysis
1. Equity investment outside
(1) Investment outside
√Applicable □Not applicable
Investment outside
Investment in the same period of last year
Investment in the reporting period (RMB) Changes
(RMB)
0.00 0.00 0.00%
Invested company
Proportion of equity in invested company
Name Main business
for listed company
Shenzhen Difu Investment & Development Investment, business, material supply and
14.28%
Ltd marketing
Sanya Xiangyu E-Business Co., Ltd. E-business, software etc. 18.00%
Hubei Jingsha Dadonghai Club Ltd. Entertainment industry 91.00%
Sanya Shun’an Casino Entertainment industry 70.00%
(2) Holding the equity of financial enterprise
□ Applicable √ Not applicable
The company had not held the equity of financial enterprise in the reporting period-end.
(3) Securities investment
□ Applicable √ Not applicable
The Company has no securities investment in the Period
(4)Explanation on equity of other listed company held
□ Applicable √ Not applicable
The Company had no equity of other listed company held in Period.
10
司公限有份股心中游旅海东大南海 2016 文全告报度年半年
2. Trust financing, investment of derivatives and entrustment loan
(1) Trust financing
□ Applicable √ Not applicable
The Company has no trust financing in the Period
(2) Investment of derivatives
□ Applicable √ Not applicable
The Company has no derivatives investment in the Period
(3) Entrustment loan
□ Applicable √ Not applicable
The Company has no entrustment loan in the Period
3. Application of raised proceeds
□ Applicable √ Not applicable
The company had no application of raised proceeds in the reporting period.
4. Main subsidiaries and joint-stock companies analysis
□ Applicable √ Not applicable
No main subsidiaries or joint-stock companies in Period.
5. Major project invested by non-raised funds
□ Applicable √ Not applicable
No major project invested by non-raised funds in Period.
VI. Prediction of business performance from January – September 2016
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 √ Not applicable
VII. Explanation from the Board and Supervisory Committee for “Qualified Opinion” from
the CPA of this year’s
□ Applicable √ Not applicable
VIII. Explanation on “Qualified Opinion” of previous year from the Board
□ Applicable √ Not applicable
11
司公限有份股心中游旅海东大南海 2016 文全告报度年半年
IX. Implementation of profit distribution in reporting period
Implementation or adjustment of profit distribution plan in reporting period, cash dividend plan and shares converted from capital
reserve in particular
□ Applicable √ Not applicable
Previous year’s profit distribution plan was no profit distribution and shares converted from capital reserve either
X. Profit distribution and capitalization of capital reserves in the Period
□ Applicable √ Not applicable
The Company has no plans of cash dividend distributed, no bonus shares and has no share converted from capital reserve either for
the semi-annual year
XI. In the report period, reception of research, communication and interview
√Applicable □Not applicable
Time Place Way Type Reception Contents discussed and material provided
Investor in Progress of the share reform commitments
The Telephone
2016-04-12 Individual Zhejiang by majority shareholder on finding
Company communication
(Surname Yao) restructuring side, no material acquired
The Telephone Investor in Jiangxi Operation of the Company, no material
2016-05-06 Individual
Company communication (Surname Hong) acquired
The Telephone Investor in Hainan Listing of the former staff shares, no
2016-05-27 Individual
Company communication (Surname Lin) material acquired
Investor in
The Telephone Operation of the Company, no material
2016-06-08 Individual Guangdong
Company communication acquired
(Surname Liu)
12
司公限有份股心中游旅海东大南海 2016 文全告报度年半年
Section V. Important Events
I. Corporate governance
During the report period, the Company strictly follows the requirements of “Corporation Law”, "Securities Law",
"Listing Rules of Shenzhen Stock Exchange Stock ", and other relevant laws and regulations, establishes and
improves the corporate governance system, improves the corporate governance structure, and promotes the
company’s standard operation, there is no difference between the actual state of corporate governance and the
requirements of relevant provisions of China Securities Regulatory Commission.
During the reporting period, the general meeting, board of directors and board of supervisors of the Company
exercised their rights of decision-making, execution and supervision separately with clearly defined terms of
reference, under which, the three authority organs ran in standardized and effective way with each being balanced
by the other two. The convening procedure, proposal consideration procedure and decision-making procedure of
the three organs all met relevant requirements. The Directors performed their duties on an honest, diligent and
independent basis in strict accordance to the Listing Rules, which was in the interest of the Company and the
shareholders as a whole, with the legal interest of the minority shareholders protected as well. Our supervisors
made independent and effective supervision and review on the directors, senior management and their financial
condition.
The Company will continue to improve the corporate governance, seriously fulfill the obligation of information
disclosure, strengthen the management to information disclosure, maintain the principle of fairness about the
information disclosure, strengthen the investor relations management, and protect the legitimate rights and
interests of all investors.
II. Lawsuits
Significant lawsuits and arbitrations of the Company
□ Applicable √ Not applicable
The Company has no significant lawsuits and arbitrations in reporting period
Other lawsuits
√Applicable □ Not applicable
Amount
Resulted an
involved Disclo Disclo
accrual Trial result and Execution of
Lawsuits (arbitrations) (in 10 Progress sure sure
liability influence judgment
thousand date index
(Y/N)
Yuan)
The plaintiff- Hong Kong-Macau On 27 June 2016,
International Hainan Investment the Paper of Civil
15,600 N Decided N/A - -
Co., Ltd. suit against the Judgment (2015)
defendant Hainan Hong HXFMECZi No.
13
司公限有份股心中游旅海东大南海 2016 文全告报度年半年
Kong-Macau International Trade 81 issued by
Development Co., Ltd. and the Haikou
Company for disputes over Intermediate
foreign debt to Haikou People’s Court of
Intermediate People’s Court of Hainan Province:
Hainan Province, that is: 1. affirm dismiss the
the Hong Kong-Macau plaintiff, and the
International Hainan Investment court costs were
Co., Ltd. holds 1.2 million equity awarded against
of the Company, and it is the the plaintiff
shareholder of the Company; 2.
The Company and Hainan Hong
Kong-Macau International Trade
Development Co., Ltd. assume a
shared responsibility for the court
costs.
III. Question from media
□ Applicable √ Not applicable
No universal questioned by media in reporting period
IV. Bankruptcy reorganization
□ Applicable √ Not applicable
In reporting period, the Company has no bankruptcy reorganization occurred.
V. Transaction in assets
1. Assets acquisition
□ Applicable √ Not applicable
The Company did not purchased assets in the Period
2. Sales of assets
□ Applicable √ Not applicable
The Company did not sell assets in the Period
3. Business combination
□ Applicable √ Not applicable
The Company has no business combined in the Period
14
司公限有份股心中游旅海东大南海 2016 文全告报度年半年
VI. Implementation of the company’s equity incentive and the effects
□ Applicable √ Not applicable
No equity incentive in reporting period
VII. Insignificant related transactions
1. Related transaction with daily operation concerned
√Applicable □ Not applicable
Whether
Trading
Related over the
Content transacti Proportio limit Clearing Available Index
Type of approve Date of
of Pricing Related on n in approved form for similar of
Related Relatio related
related principl transacti amount similar d related disclosu
party nship transacti
transacti e on price (in 10 transactio (in 10 transacti market disclos
on limited re
on thousan ns thousand on price ure
d Yuan) or not
Yuan)
(Y/N)
Luonius The Same as
Same as
han Co., first non-rel
Accom non-relate
Ltd. majorit Consum Market Market ated
modatio 2.07 0.22% 2.07 N d parties - -
Luonius y ption price price parties
n transactio
han Co., shareh transac
n
Ltd. older tion
Total -- -- 2.07 -- 2.07 -- -- -- -- --
Detail of sales return with major
N/A
amount involved
Report the actual implementation of
the daily related transactions which
were projected about their total N/A
amount by types during the
reporting period
Reasons of quite different between
Not applicable
transaction price and consult price
2. Related transaction incurred by purchase or sales of assets
□ Applicable √ Not applicable
No related transaction incurred by purchase or sales of assets in Period
3. Related transaction from jointly investment outside
□ Applicable √ Not applicable
No related transaction from jointly investment outside occurred in Period
15
司公限有份股心中游旅海东大南海 2016 文全告报度年半年
4. Credits and liability of related party
√Applicable □Not applicable
Whether exist non-operating contact of related credit and debt or not
√Yes □No
Related party claims receivable:
The newly
The amount
Balance of added Current Balance at
Relate Whether exist of recovery
period-begin amount in interest period-end
Relate d Resulted non-operational in Period Interest
(in 10 Period (in 10 (in 10
d party relatio reason capital (in 10 rate
thousand (in 10 thousand thousand
nship occupying thousand
Yuan) thousand Yuan) Yuan)
Yuan)
Yuan)
First
Luoniushan Consumpti
majority N 0.84 2.07 2.91
Co., Ltd on
shareholder
Influence on operation
result and financial statue
No influence
of the Company from
related credit and debts
Debt payable to related parties:
The newly The amount
Balance of Current Balance at
added amount of recovery in
Related period-begin interest period-end
Related Resulted in Period Period
relation (in 10 Interest rate (in 10 (in 10
party reason (in 10 (in 10
ship thousand thousand thousand
thousand thousand
Yuan) Yuan) Yuan)
Yuan) Yuan)
Influence on operation result
and financial statue of the N/A
Company from related debts
5. Other related transactions
√Applicable □Not applicable
In reporting Period, lodging and beverage consumption amounting to 20,700 Yuan from the first majority shareholder Luoniushan
Co., Ltd., presenting 0.17% in similar trading amount, the trading price refers to the amrket price, and the settlement way was same
as the non-related transactions
VIII. Non-business capital occupying by controlling shareholders and its related parties
□ Applicable √ Not applicable
No non-business capital occupied by controlling shareholders and its related parties in Period
16
司公限有份股心中游旅海东大南海 2016 文全告报度年半年
IX. Major contract and implantation
1. Trusteeship, contract and leasing
(1) Trusteeship
□ Applicable √ Not applicable
The Company had no trusteeship in the reporting period.
(2) Contract
□ Applicable √ Not applicable
The Company had no contract in the reporting period.
(3) Leasing
√Applicable □Not applicable
Leasing
Item (store) Lessee Term of lease
Shower room Zhong Zhangping 1 Sept. 2011 -31 Aug. 2016
Physiotherapy center Chen Junwei 1 Mar. 2016 – 28 Feb. 2019
Chinese restaurant Ma Ming 1 Jan. 2016- 31 Dec. 2020
Seaside sidewalk snack Sanya Leda Cantering Management 1 May 2016- 30 Apr. 2021
booth and wooden box Co., Ltd.
Items bring over 10% of the total profit in reporting period
√Applicable □Not applicable
Standard
Amount for Earnings Related Relate
for Impact on
Assets leasing (in 10 Date of (in 10 transact d
Lessor Leasing party Starting date earnings the
leasing thousand termination thousand ion relatio
determinat Company
Yuan) Yuan) (Y/N) nship
ion
Seaside
Sanya Leda
The sidewalk
Cantering Revenue
Compan snack booth 1,800 2016-05-01 2021-04-30 180 Contract N N/A
Management increased
y and wooden
Co., Ltd.
box
The
Chinese Revenue
Compan Ma Ming 1,500 2016-01-01 2020-12-31 72 Contract N N/A
restaurant increased
y
17
司公限有份股心中游旅海东大南海 2016 文全告报度年半年
The
Physiotherap Revenue
Compan Chen Junwei 370 2016-03-01 2019-02-28 15.6 Contract N N/A
y center increased
y
The
Zhong Shower Revenue
Compan 80 2011-09-01 2016-08-31 6 Contract N N/A
Zhangping room increased
y
2. Guarantee
□ Applicable √ Not applicable
The Company had no guarantee in the reporting period.
3. Other material contracts
√Applicable □ Not applicable
Appraisal
Book value
value with
with assets
assets Dealing Executio
involved in Relate
Parties in Lease involved in price (in Related n ended
Counterparty in Signing the Appraisa Valuatio Pricing d
the agree the 10 transacti as the
the Contract date contract(in l organ n date principle relatio
Contract ment contract(in thousand on (Y/N) Period-e
10 nship
10 Yuan) nd
thousand
thousand
Yuan)
Yuan)
Wuhan Aier
The 9
Technology 2016-01-0 Market In
Compan million 900 N/A N N/A
Development 7 price progress
y Yuan
Co., Ltd.
4. Other material transactions
□ Applicable √ Not applicable
The Company had no other material transactions in the reporting period.
X. Commitments made by the Company or shareholders holding above 5% shares of the
Company in reporting period or occurred in the previous reporting period but continued to
reporting period
√Applicable □Not applicable
Commitme Commitmen
Commitments Accepter Contents Implementation
nt time t period
Commitments for On May 30, 2007, Luoniushan Co., Ltd. made Since the Company's
Luoniushan
Share Merger commitments in the Company’s "Instructions 2014-06-27 In 3 years implementation of
Co., Ltd
Reform for reform of non-tradable shares" (Revision) reform of non-tradable
18
司公限有份股心中游旅海东大南海 2016 文全告报度年半年
and "Instructions for reform of non-tradable shares, the Company has
shares" (Abstract of revision) that in view of avoided the risk of
Dadonghai Company’s losses in successive delisting and improved
years and on the verge of delisting, in order to the financial situation
reverse the company's business difficulties, accordingly with efforts
improve profitability and recover the continuous of all parties. Up to now,
business capacity, Luoniushan Co., Ltd., the Luoniushan Co., Ltd. has
controlling shareholder of Dadonghai Company not found the appropriate
made commitments to actively seek restructuring parties for
restructuring parties to reorganize the assets of the company’s
Dadonghai Company at the appropriate time. reorganization.
Commitments in
report of
acquisition or equity
change
Commitments in
assets reorganization
Commitments make
in Initial public
offering or
re-financing
Based on the confidence in the future
sustainable development of Dadonghai, as well
as the long-term investment value of domestic
capital market, Luoniushan Co., Ltd. shall take
practical action and participate in maintaining
the capital market stability. In accordance with
the relevant provisions of China Securities
Regulatory Commission and Shenzhen Stock
Other commitments Exchange, Luoniushan Co., Ltd. plans to take
Luoniushan
for minority chances to increase holding of shares in 2015-07-10 In 6 months Completed
Co., Ltd
shareholders Dadonghai through Shenzhen Stock Exchange
within six months from the date of this
announcement, the amount of increased holding
of shares should be no less than RMB 5 million
yuan, and does not automatically reduce holding
of shares in Dadonghai during the increased
holding period, within six months after the
increased holding of shares and within the legal
time limit.
Implemented
Y
commitments on
19
司公限有份股心中游旅海东大南海 2016 文全告报度年半年
time(Y/N)
Detail reasons for
un-complement and N/A
further plan
XI. Engagement and non-reappointment of CPA
Whether the semi-annual report was audited or not
□Yes √ No
The semi-annual report of the Company had no audited.
XII. Penalty and rectification
□ Applicable √ Not applicable
The Company has no penalty and rectification in the Period
XIII. Risk disclosure of delisting with laws and rules violated
□ Applicable √ Not applicable
The Company has no delisting risks with laws and rules violated in Period
XIV. Explanation on other significant events
√Applicable □Not applicable
Lawyer’s Letter received by the Company: based on the preliminary calculation by Sanya Power Supply Bureau, totally 10313373
KWH was undercounted from July 2006 to April 2016 under the name of South China Hotel. The condition needs further verification
and the Company will figure out the truth for judging the follow-up impact on the Company. Meanwhile, the Company plans to made
a friendly negotiation with Sanya Power Supply Bureau and properly handle the follow-up issues.
Found more in “Notice on the Lawyer’s Letter received by the Company” released on Securities Times, Hong Kong Commercial
Daily and Juchao Website dated 31 May 2016
XV. Corporate bonds
Whether the Company has corporate bonds that have been publicly issued and listed on the stock exchange, and not yet due or due
but not fully cashed on the approval date of annual report or not
No
20
司公限有份股心中游旅海东大南海 2016 文全告报度年半年
Section VI. Changes in Shares and Particulars about Shareholders
I. Changes in shares
In Share
Before change Increase/decrease in this time (+ , - ) After change
Capitali
zation
New Bonus
Amount Ratio of Other Subtotal Amount Ratio
issue share
public
reserve
I. Restricted shares 15,073,200 4.14% -4,618,800 -4,618,800 10,454,400 2.87%
1. State-owned shares
2. State-owned corporate
2,369,400 0.65% 2,369,400 0.65%
shares
12,703,800 3.49% -4,618,800 -4,618,800 8,085,000 2.22%
3. Other domestic shares
Including: Domestic legal
12,571,800 3.45% -4,618,800 -4,618,800 7,953,000 2.18%
person shares
Domestic natural person
132,000 0.04% 132,000 0.04%
shares
II. Unrestricted shares 349,026,800 95.86% 4,618,800 4,618,800 353,645,600 97.13%
261,026,800 71.69% 4,618,800 4,618,800 265,645,600 72.96%
1. RMB common shares
2.Domestically listed
88,000,000 24.17% 88,000,000 24.17%
foreign shares
III. Total shares 364,100,000 100.00% 364,100,000 100.00%
Reasons for share changed
√Applicable □Not applicable
In the process of subsequent work of share-trading reform of the Company, according to relevant regulations the release procedures
were in process and part of the shareholders handling the payment of account paid in advance. Thus, the share structure changes in
the report period but retained the same in total share capital.
Approval of share changed
□ Applicable √ Not applicable
Ownership transfer of share changed
□ Applicable √ Not applicable
21
司公限有份股心中游旅海东大南海 2016 文全告报度年半年
Influence on the basic EPS and diluted EPS as well as other financial indexes of net assets per share attributable to common
shareholders of Company in latest year and period
□ Applicable √ Not applicable
Other information necessary to disclose for the Company or need to disclosed under requirement from security regulators
□ Applicable √ Not applicable
Explanation on changes in aspect of total shares, shareholders structures as well as structure of assets and liability of the Company
□ Applicable √ Not applicable
II. Number of shares and shares held
In share
Total preference shareholders with voting
Total common shareholders at period-end 22,171 0
rights recovered at end of reporting period
Particulars about shares held above 5% by common shareholders or top ten common shareholders
Number of share
Proporti Number of Amount of Amount of
Changes in pledged/frozen
on of common restricted unrestricted
Shareholders Nature of shareholder reporting State
shares shares held common common shares
period of Amount
held at period-end shares held held
share
Domestic
Luoniushan Co., Ltd. non-state-owned legal 16.90% 61,515,370 325,100 61,515,370
person
Domestic nature Pledg
Pan Guoping 8.48% 30,879,791 30,879,791 30,000,000
person ed
Guangdong New Value
Investment Co., Ltd.
Other 5.02% 18,293,924
–Collective investment
scheme
Donghai Funds – ICBC-
Xinlong Assets Other 3.11% 11,314,129 11,314,129 11,314,129
Management Plan
First Shanghai Securities
Overseas legal person 2.64% 9,595,998 -165,000 9,595,998
Limited
Yangpu Tongrong Domestic
Investment Management non-state-owned legal 1.27% 4,618,800 4,618,800
Consultation Co., Ltd person
22
司公限有份股心中游旅海东大南海 2016 文全告报度年半年
Domestic nature
Li Qingsong 1.25% 4,558,850 3,731,950 4,558,850
person
HGNH
INTERNATIONAL
ASSETS Overseas legal person 0.95% 3,441,002 3,441,002 3,441,002
MANAGEMENT CO.,
LTD. – Clients fund
CITRINE CAPITAL
Overseas legal person 0.90% 3,265,200 3,265,200
LIMITED
Domestic nature
Sun Huiming 0.79% 2,888,690 2,888,690
person
Strategy investors or general corporate becomes
N/A
top 10 common shareholders due to rights issued
The Company is unknown whether there exists associated relationship or belongs to the
Explanation on associated relationship among
consistent actor regulated by the Management Measure of Information Disclosure on
the aforesaid shareholders
Change of Shareholding for Listed Company among the other shareholders.
Particular about top ten common shareholders with un-restrict shares held
Amount of unrestricted common shares held at Type of shares
Shareholders
period-end Type Amount
Luoniushan Co., Ltd. 61,515,370 RMB common share 61,515,370
Domestically listed
Pan Guoping 30,879,791 30,879,791
foreign share
Guangdong New Value Investment Co., Ltd.
18,293,924 RMB common share 18,293,924
–Collective investment scheme
Donghai Funds – ICBC- Xinlong Assets
11,314,129 RMB common share 11,314,129
Management Plan
Domestically listed
First Shanghai Securities Limited 9,595,998 9,595,998
foreign share
Yangpu Tongrong Investment Management
4,618,800 RMB common share 4,618,800
Consultation Co., Ltd
Li Qingsong 4,558,850 RMB common share 4,558,850
HGNH INTERNATIONAL ASSETS
3,441,002 RMB common share 3,441,002
MANAGEMENT CO., LTD. – Clients fund
Domestically listed
CITRINE CAPITAL LIMITED 3,265,200 3,265,200
foreign share
Domestically listed
Sun Huiming 2,888,690 2,888,690
foreign share
Expiation on associated relationship or The Company is unknown whether there exists associated relationship or belongs to the
23
司公限有份股心中游旅海东大南海 2016 文全告报度年半年
consistent actors within the top 10 un-restrict consistent actor regulated by the Management Measure of Information Disclosure on
common shareholders and between top 10 Change of Shareholding for Listed Company among the other shareholders.
un-restrict common shareholders and top 10
common shareholders
Explanation on top ten common shareholders
N/A
involving 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.
III. Changes of controlling shareholders or actual controller
Changes of controlling shareholders in reporting period
□ Applicable √ Not applicable
Changes of controlling shareholders had no change in reporting period.
Changes of actual controller in reporting period
□ Applicable √ Not applicable
Changes of actual controller in reporting period had no change in reporting period.
IV. Share holding increasing plan proposed or implemented in reporting period from
shareholder of the Company and its concerted action person
□ Applicable √Not applicable
As far as the Company know, there are no share holding increasing plan proposed or implemented in Period from shareholder of the
Company and its concerted action person
24
司公限有份股心中游旅海东大南海 2016 文全告报度年半年
Section VII. Preferred Stock
□ Applicable √ Not applicable
The Company had no preferred stock in the reporting.
25
司公限有份股心中游旅海东大南海 2016 文全告报度年半年
Section VIII. Directors, Supervisors and Senior Executives
I. Changes of shares held by directors, supervisors and senior executives
□ Applicable √ Not applicable
Shares held by directors, supervisors and senior executives have no changes in reporting period, found more details in Annual Report
2015.
II. Resignation and dismissal of directors, supervisors and senior executives
√Applicable □Not applicable
Name Title Type Date Reason
Li Wei Director Leave the post 2016-05-30 Personal reasons
Employee
Liu Xianghai Leave the post 2016-05-13 Personal reasons
supervisor
26
司公限有份股心中游旅海东大南海 2016 文全告报度年半年
Section IX. Financial Report
I. Audit reports
Whether the semi-annual report was audited or not
□ Yes √ No
The financial report of this semi-annual report was unaudited
II. Financial statements
Units in Notes of Financial Statements is RMB
1. Balance sheet
Prepared by: Hainan Dadonghai Tourism Centre (Holdings) Co., Ltd.
2016-06-30
In RMB
Item Closing balance Opening balance
Current assets:
Monetary funds 11,825,290.70 19,782,392.26
Settlement funds
Lending funds
Financial liability measured by fair value and with
variation reckoned into current gains/losses
Derivative financial liability
Notes receivable
Accounts receivable 531,683.28 460,197.28
Prepayments 114,467.44 42,358.16
Insurance receivable
Reinsurance receivables
Contract reserve of reinsurance receivable
Interest receivable
Dividends receivable
Other receivables 414,276.84 211,946.37
Purchase restituted finance asset
Inventories 235,587.40 218,075.43
27
司公限有份股心中游旅海东大南海 2016 文全告报度年半年
Divided into assets held for sale
Non-current assets maturing within one year 266,250.00 532,500.00
Other current assets 9,000,000.00
Total current assets 22,387,555.66 21,247,469.50
Non-current assets:
Loans and payments on behalf
Available-for-sale financial assets 4,500,000.00 4,500,000.00
Held-to-maturity investments
Long-term receivables
Long-term equity investments
Investment real estate
Fixed assets 49,553,950.50 51,279,986.58
Construction in progress
Project materials
Disposal of fixed assets
Productive biological assets
Oil and natural gas assets
Intangible assets 25,917,026.94 26,351,390.52
Research and development costs
Goodwill
Long-term deferred expenses 1,508,750.00 1,508,750.00
Deferred tax assets
Other non-current assets
Total non-current assets 81,479,727.44 83,640,127.10
Total assets 103,867,283.10 104,887,596.60
Current liabilities
Short-term borrowings
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
28
司公限有份股心中游旅海东大南海 2016 文全告报度年半年
Accounts payable 2,267,968.68 2,415,602.37
Accounts received in advance 952,186.37 1,153,854.95
Selling financial asset of repurchase
Commission charge and commission payable
Wage payable 1,581,335.21 2,150,364.40
Taxes payable -1,525,152.56 -1,422,221.33
Interest payable
Dividend payable
Other accounts payable 23,481,354.95 23,652,528.28
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 26,757,692.65 27,950,128.67
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
Projected liabilities
Deferred income
Deferred income tax liabilities
Other non-current liabilities
Total non-current liabilities
Total liabilities 26,757,692.65 27,950,128.67
Owners’ equity:
Share capita 364,100,000.00 364,100,000.00
Other equity instrument
29
司公限有份股心中游旅海东大南海 2016 文全告报度年半年
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 reserve
Provision of general risk
Retained profit -341,133,259.56 -341,305,382.08
Total owner’s equity attributable to parent Company 77,109,590.45 76,937,467.93
Minority interests
Total owner’s equity 77,109,590.45 76,937,467.93
Total liabilities and owner’s equity 103,867,283.10 104,887,596.60
Legal Representative: Li Yuanbin Accounting Principal: Fu Zongren
Accounting Firm’s Principal: Fu Zongren
2. Profit statement
In RMB
Item Current Period Last Period
I. Total operating income 12,062,797.60 8,421,296.50
Including: Operating income 12,062,797.60 8,421,296.50
Interest income
Insurance gained
Commission charge and commission income
II. Total operating cost 11,910,706.91 13,052,211.04
Including: Operating cost 554,719.62 271,303.89
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
30
司公限有份股心中游旅海东大南海 2016 文全告报度年半年
Operating tax and extras 566,956.63 471,592.62
Sales expenses 5,976,169.43 6,139,828.47
Administration expenses 5,017,613.77 6,399,160.26
Financial expenses -204,752.54 -63,474.74
Losses of devaluation of asset -166,199.46
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 “-”) 152,090.69 -4,630,914.54
Add: Non-operating income 77,406.00 1,241,023.50
Including: Disposal earnings of non-current asset
Less: Non-operating expense 2,075.60
Including: Disposal loss of non-current asset 2,075.60
IV. Total Profit (Loss is listed with “-”) 229,496.69 -3,391,966.64
Less: Income tax 57,374.17
V. Net profit (Net loss is listed with “-”) 172,122.52 -3,391,966.64
Net profit attributable to owner’s equity of parent Company 172,122.52 -3,391,966.64
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
31
司公限有份股心中游旅海东大南海 2016 文全告报度年半年
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 172,122.52 -3,391,966.64
Total comprehensive income attributable to owners of parent
172,122.52 -3,391,966.64
Company
Total comprehensive income attributable to minority shareholders
VIII. Earnings per share:
(i) Basic earnings per share 0.0005 -0.0093
(ii) Diluted earnings per share 0.0005 -0.0093
Legal Representative: Li Yuanbin Accounting Principal: Fu Zongren
Accounting Firm’s Principal: Fu Zongren
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
12,211,146.88 10,868,413.03
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
Insured savings and net increase of 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
32
司公限有份股心中游旅海东大南海 2016 文全告报度年半年
commission
Net increase of capital borrowed
Net increase of buy-back business capital
Write-back of tax received 4,801.73
Other cash received concerning operating activities 545,761.73 1,871,202.02
Subtotal of cash inflow arising from operating activities 12,761,710.34 12,739,615.05
Cash paid for purchasing commodities and receiving labor
3,278,812.89 2,990,680.12
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 4,775,931.92 4,985,952.00
Taxes paid 1,706,387.86 1,611,875.83
Other cash paid concerning operating activities 1,546,880.23 2,320,196.69
Subtotal of cash outflow arising from operating activities 11,308,012.90 11,908,704.64
Net cash flows arising from operating activities 1,453,697.44 830,910.41
II. Cash flows arising from investing activities:
Cash received from recovering investment
Cash received from investment income
Net cash received from disposal of fixed, intangible and other
long-term assets
Net cash received from disposal of subsidiaries and other units
Other cash received concerning investing activities
Subtotal of cash inflow from investing activities
Cash paid for purchasing fixed, intangible and other long-term
410,799.00 26,327.00
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 9,410,799.00 26,327.00
Net cash flows arising from investing activities -9,410,799.00 -26,327.00
III. Cash flows arising from financing activities:
33
司公限有份股心中游旅海东大南海 2016 文全告报度年半年
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 due to fluctuation in exchange rate
V. Net increase of cash and cash equivalents -7,957,101.56 804,583.41
Add: Balance of cash and cash equivalents at the period -begin 19,782,392.26 22,550,289.54
VI. Balance of cash and cash equivalents at the period -end 11,825,290.70 23,354,872.95
4. Statement on Changes of Owners’ Equity
Current Period
In RMB
Current Period
Owners’ equity attributable to the parent Company
Other
equity instrument Minor
Less: Other Surpl Provisi Total
Item Perpet Reasona ity
Share Capital Invent comprehen us on of Retained owners’
Preferr ual ble interes
capital Oth reserve ory sive reser genera profit equity
ed capital reserve ts
er shares income ve l risk
stock securit
ies
I. Balance
at the end 364,100,00 54,142,85 -341,305,38 76,937,46
of the last 0.00 0.01 2.08 7.93
year
Add:
Changes of
accounting
policy
Error
correction
34
司公限有份股心中游旅海东大南海 2016 文全告报度年半年
of the last
period
Enterpris
e
combine
under the
same
control
Other
II. Balance
at the 364,100,00 54,142,85 -341,305,38 76,937,46
beginning 0.00 0.01 2.08 7.93
of this year
III.
Increase/
Decrease
172,122.5
in this year 172,122.52
2
(Decrease
is listed
with “-”)
(i) Total
comprehen 172,122.5
172,122.52
sive 2
income
(ii)
Owners’
devoted
and
decreased
capital
1.Common
shares
invested by
shareholde
rs
2. Capital
invested by
holders of
other
equity
instrument
s
3. Amount
reckoned
into
owners
equity with
share-base
d payment
4. Other
35
司公限有份股心中游旅海东大南海 2016 文全告报度年半年
(III) Profit
distributio
n
1.
Withdrawa
l of surplus
reserves
2.
Withdrawa
l of general
risk
provisions
3.
Distributio
n for
owners (or
shareholde
rs)
4. Other
(IV)
Carrying
forward
internal
owners’
equity
1. Capital
reserves
conversed
to capital
(share
capital)
2. Surplus
reserves
conversed
to capital
(share
capital)
3.
Remedyin
g loss with
surplus
reserve
4. Other
(V)
Reasonabl
e reserve
1.
Withdrawa
l in the
report
period
36
司公限有份股心中游旅海东大南海 2016 文全告报度年半年
2. Usage in
the report
period
(VI)Others
IV.
Balance at
364,100,00 54,142,85 -341,133,25 77,109,59
the end of
0.00 0.01 9.56 0.45
the report
period
Last Period
In RMB
Last Period
Owners’ equity attributable to the parent Company
Other
equity instrument Minor
Item Less: Other Surpl Provisi Total
Perpet Reasona ity
Share Capital Invent comprehen us on of Retained owners’
Preferr ual ble interes
capital Oth reserve ory sive reser genera profit equity
ed capital reserve ts
er shares income ve l risk
stock securit
ies
I. Balance
at the end 364,100,00 54,142,85 -333,827,51 84,415,33
of the last 0.00 0.01 5.68 4.33
year
Add:
Changes of
accounting
policy
Error
correction
of the last
period
Enterpris
e
combine
under the
same
control
Other
II. Balance
at the 364,100,00 54,142,85 -333,827,51 84,415,33
beginning 0.00 0.01 5.68 4.33
of this year
III.
Increase/ -3,391,966.
Decrease 64
in this year
37
司公限有份股心中游旅海东大南海 2016 文全告报度年半年
(Decrease
is listed
with “-”)
(i) Total
comprehen -3,391,966.
sive 64
income
(ii)
Owners’
devoted
and
decreased
capital
1.Common
shares
invested by
shareholde
rs
2. Capital
invested by
holders of
other
equity
instrument
s
3. Amount
reckoned
into
owners
equity with
share-base
d payment
4 Other
(III) Profit
distributio
n
1.
Withdrawa
l of surplus
reserves
2.
Withdrawa
l of general
risk
provisions
3.
Distributio
n for
owners (or
shareholde
rs)
4. Other
38
司公限有份股心中游旅海东大南海 2016 文全告报度年半年
(IV)
Carrying
forward
internal
owners’
equity
1. Capital
reserves
conversed
to capital
(share
capital)
2. Surplus
reserves
conversed
to capital
(share
capital)
3.
Remedyin
g loss with
surplus
reserve
4. Other
(V)
Reasonabl
e reserve
1.
Withdrawa
l in the
report
period
2. Usage in
the report
period
(VI)Others
IV.
Balance at
364,100,00 54,142,85 -337,219,48 81,023,36
the end of
0.00 0.01 2.32 7.69
the report
period
III. Company profile
Hainan Dadonghai Tourism Center (Holdings) Co., Ltd. (hereinafter referred to as “the Company”), was founded
as a standardized LLC on April 26, 1993, reorganized and incorporated on the basis of the former Hainan Sanya
Dadonghai Tourism Center Development Ltd. and approved by the Hainan Provincial Stock System
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Experimentation Leading Team Office with a document of Qiong Gu Ban Zi [1993] No. 11. On May 6, 1996, the
Company underwent a restructuring and a corresponding division under the approval of the Hainan Provincial
Securities Administration Office with a document of Qiong Zheng Ban [1996] No. 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 on Shenzhen Security Exchange. On June 20, 2007, the Company
experienced a reform of non-tradable shares, through which non-tradable share holders of the Company got
circulating right of their shares by paying shares to tradable share holders, and tradable share holders got paid
three shares for every ten of their shares. The Company operates business in the industry of tourism and catering
services.
As of 30 June 2016, the Company’s total capital stock is 364,100,000 shares. The Company’s registered capital is
RMB 364.1 million. The legal representative is Li Yuanbin. The registration number of its Business License for
Enterprise Legal Person (Duplicate) is 4600001003983. The legal registered residence is Dadonghai, Hedong
District, Sanya. Its scope of business includes: accommodation and catering industry (limited to those operated by
branches); photography; operation of ornamental plant bonsai, knitwear and textiles, general merchandise,
hardware and electrical equipment, chemical products (excluding those require specialized licenses), daily
necessities, industrial means of production (excluding those require specialized licenses), metal materials and
machinery equipment; commission sale of plane, bus, train and ship tickets (items in require of administrative
permission shall be operated under license).
These financial statements have been approved by all directors of the Company on 11 August 2016 for disclosure.
The scope of consolidated financial statements include the Company headquarter and South China Grand Hotel
with Independent accountability.
The scope of consolidated financial statements of the Company had no change in the year.
IV. Basis of preparation for financial statements
1. Basis of preparation
Based on going concern, according to actually occurred transactions and events, the Company prepares its
financial statements in accordance with the Accounting Standards for Business Enterprises – Basic Standards and
concrete accounting standards, Accounting Standards for Business Enterprises – Application Guidelines,
Accounting Standards for Business Enterprises – Interpretations and other relevant provisions (collectively known
as “Accounting Standards for Business Enterprises”), as well as the disclosure requirements of Regulation on the
Preparation of Information Disclosure of Companies Issuing Public Shares No.15 - General Requirements for
Financial Reports (as revised in 2014) by the China Securities Regulatory Commission.
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司公限有份股心中游旅海东大南海 2016 文全告报度年半年
2. Going concern
The Company currently has sufficient operating capital and no debt service pressure, the business circumstance
has been improved after the new general manager of the Company’s subsidiary South China Hotel worked in the
year of 2015. So far, the Company is operating normal and expected to continue operate as going concern in the
next twelve months.
V. Principal accounting policies and estimates
Tips of accounting policies and estimates:
Nil
1. Statement on compliance with Accounting Standards for Business Enterprises
The financial statements prepared by the Company meet the requirements of the Accounting Standards for
Business Enterprises and truly and completely reflect the Company’s financial position, operating results, cash
flows and other information.
2. Accounting period
The accounting year is from January 1 to December 31 in calendar year.
3. Operating cycle
The operating cycle of the Company is twelve months.
4. Functional currency
RMB is adopted as the functional currency.
5. Accounting treatment for business combinations under the same control and those not under the same
control
6. Methods for preparation of consolidated financial statements
7. Accounting treatment for joint venture and joint operation
8. Recognition criteria of cash and cash equivalents
For the purpose of preparing the statement of cash flows, the term “cash” refers to the cash on hand and the
unrestricted deposit. The term “cash equivalents” refers to short-term (maturing within three months from
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.
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9. Foreign business and foreign currency transactions
Foreign currency transactions are converted into RMB for recording purpose at the spot exchange rate on the date
when the transaction occurs.
Balances of foreign currency monetary items are measured at the spot exchange rate on the balance sheet date.
The exchange difference arising there from shall be included in the current profit and loss, except that those
exchange differences arising from the special borrowings of foreign currency related to the acquired and
constructed assets qualified for capitalization shall be dealt with according to the principle of borrowing cost
capitalization. Foreign currency non-monetary items measured at historical costs shall still be converted at the
spot exchange rates on the date when the transactions occur, and the amount in functional currency shall remain
unchanged. Foreign currency non-monetary items measured at fair value shall be translated at the spot exchange
rates on the date when the fair value is determined. The exchange difference arising there from shall be included
in the current profit and loss or capital reserves.
10. 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:
financial assets or financial liabilities measured at fair value and whose variation is included in the current profit
and loss, including financial assets or financial liabilities held for trading and financial assets or financial
liabilities directly designated to be measured at fair value through current profit and loss, held-to-maturity
investments, accounts receivables, available-for-sale financial assets and other financial liabilities, etc.
2. Recognition basis and measurement method of financial instruments
(1) Financial assets (financial liabilities) measured at fair value and whose variation is included in the current
profit and loss
Financial assets (financial liabilities) are initially recorded at fair values when acquired (deducting cash dividends
that have been declared but not distributed and bond interests that have matured but not been drawn). Relevant
transaction expenses are included in the current profit and loss.
The interests or cash dividends to be received during the holding period are recognized as investment income.
Change in fair values is included in the current profit and loss at the end of the period.
Difference between the fair value and initial book-entry value is recognized as investment income upon disposal;
meanwhile, adjustment is made to gains or losses from changes in fair values.
(2) Held-to-maturity investments
Held-to-maturity investments are initially recorded at fair values plus the related trade expenses when acquired
(deducting bond interests that have matured but not been drawn). The interest revenue calculated at amortization
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cost and effective interest rate (nominal interest rate is adopted when the difference between the actual interest
rate and the nominal interest rate is minor) during the holding period is recognized as investment income.
Effective interest is recognized when obtained, and remains unchanged in the predictable holding period or
applicable shorter period.
The difference between the amount received and the book value of the investment is included in the investment
profit and loss upon disposal.
(3) Accounts receivable
For creditor’s rights receivable arising from external sales of goods or rendering of service by the Company and
other creditor's rights of other enterprises (excluding liability instruments quoted in an active market) held by the
Company, including accounts receivable, other receivables, notes receivable and prepayments, etc., the initial
recognition amount shall be the contract price or agreement price receivable from purchasing party. Accounts
receivable with financing nature are initially recognized at their present values.
The difference between the amount received and the book value of the accounts receivable is included in the
current profit and loss upon recovery or disposal.
(4) Available-for-sale financial assets
Available-for-sale financial assets are initially recorded at fair values plus the related trade expenses when
acquired (deducting cash dividends that have been declared but not been paid or bond interests that have matured
but not been drawn).
The interests or cash dividends to be received during the holding period are recognized as investment income. It is
measured in fair value at the end of the period and change in fair values is included in other comprehensive
income at the end of the period. However, the equity instrument investments unquoted in an active market and
whose fair value cannot be measured reliably, and the derivative financial assets which are connected with the said
equity instrument and must be settled by delivering the said equity instrument shall be measured on the costs
basis.
The difference between the amount received and the book value of the financial asset is included in the investment
profit and loss upon disposal. Meanwhile, the corresponding part of fair value accumulated change accounted as
other comprehensive income is transferred into investment profit or loss.
(5) Other financial liabilities
Other financial liabilities are initially recognized at the sum of fair value and transaction expenses and
subsequently measured at amortized costs.
3. Recognition basis and measurement method of transfer of financial assets
When transfer of financial assets occurs, if nearly all of the risks and rewards of ownership of the financial assets
have been transferred to the transferee, the Company derecognizes the financial assets; if nearly all of the risks
and rewards of ownership of the financial assets are retained, the Company shall not derecognize the financial
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assets.
The principle of substance over form is adopted to determine whether the transfer of a financial asset satisfies the
criteria as described above for derecognition of a financial asset. The Company shall classify the transfer of a
financial asset into the entire transfer and the partial transfer of financial asset. If the entire transfer of financial
asset satisfies the criteria for derecognition, the difference between the amounts of the following two items shall
be included in the current profit and loss:
(1) The book value of the transferred financial asset;
(2) The sum of the consideration received from the transfer and the accumulated amount of the changes in fair
value originally and directly included in owners’ equity (the situation where the financial asset transferred is an
available-for-sale financial asset is involved in)
If the partial transfer of financial asset satisfies the criteria for derecognition, the entire book value of the
transferred financial asset shall be split into the derecognized and recognized part according to their respective fair
value and the difference between the amounts of the following two items shall be included in the current profit
and loss:
(1) The book value of derecognized part;
(2) The sum of the consideration for the derecognized part and the portion of derecognition corresponding to the
accumulated amount of the changes in fair value originally and directly included in owners’ equity (the situation
where the financial asset transferred is an available-for-sale financial asset is involved in).
If the transfer of financial assets does not meet the derecognition criteria, the financial assets shall continue to be
recognized, and the consideration received will be recognized as a financial liability.
4. Derecognition criteria of financial liabilities
A financial liability shall be totally or partly derecognized if its present obligations are totally or partly dissolved.
Where the Company enters into an agreement with a creditor so as to substitute the existing financial liabilities
with any new financial liability, and the new financial liability is substantially different from the contractual
stipulations regarding the existing financial liability, it shall derecognize the existing financial liability, and shall at
the same time recognize a new financial liability.
Where substantial revisions are made to some or all of the contractual stipulations of the existing financial liability,
the Company shall derecognize the existing financial liability totally or partly, and at the same time recognize the
financial liability with revised contractual stipulations as a new financial liability.
Upon total or partial derecognition of financial liabilities, the difference between the book value of the financial
liabilities derecognized and the consideration paid (including non-cash assets surrendered or new financial
liabilities assumed) shall be included in the current profit and loss.
Where the Company redeems part of its financial liabilities, it shall, on the redemption date, allocate the entire
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book value of whole financial liabilities according to the comparative fair value of the part that continues to be
recognized and the de-recognized part. The difference between the book value allocated to the derecognized part
and the considerations paid (including non-cash assets surrendered and the new financial liabilities assumed) shall
be included in the current profit and loss.
5. Method of determining the fair value of financial assets and financial liabilities
For financial instruments with active market, their fair values are determined with quoted market price. For
financial instruments without active market, their fair values are determined by using valuation technique. During
the valuation, the company use valuation techniques that are appropriate in the circumstances and for which
sufficient data and other information are available to measure fair value, select inputs that are consistent with the
characteristics of the asset or liability that market participants would take into account in a transaction for the asset
or liability, and give priority to the use of relevant conservable inputs. Unobservable inputs are only adopted when
relevant observable inputs cannot be obtained or are impracticable to obtain.
6. Providing of impairment provision on financial assets (exclude receivable accounts)
The Company performs inspection on the book value of financial assets apart from those financial assets
measured at fair value through current profit and loss on the balance sheet date. Impairment provision is required
if objective evidences of impairment occurs to the financial assets.
(1) Impairment provision of available-for-sale financial assets:
If there is a serious decline in fair value of the available-for-sale financial assets at the end of the period, or such
decline is not temporary after considering various factors, the impairment shall be confirmed, the accumulated
losses due to decreases in fair value previously included in owner’s equity shall be reversed, the impairment loss
shall be recognized.
If, in a subsequent period, the carrying amount of available-for-sale debt instruments investments increases and
the increase can be related objectively to an event occurring after the impairment was recognized, the previously
recognized impairment losses are reversed, included in current profit or loss.
The impairment losses of available-for-sale equity instruments cannot be reversed through profit or loss.
(2) Impairment provision of held-to-maturity investment:
Measurement of held-to-maturity investment impairment loss is governed by measurement of account receivables
impairment loss.
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11. Accounts receivable
(1) Provision for bad debts of account receivables that are individually significant
Assessment basis or standard of amount Top five accounts receivable and other receivables in terms of individual amount at the
individually significant end of the year.
After separate impairment test, provision for bad debts shall be made at the difference of
present value of estimated future cash flows in short of their book values, and shall be
Method of provision for bad debts of include in current profit and loss. For accounts receivable with no impairment found
accounts receivable that are individually after separate tests, they shall be included in corresponding portfolios for provisions for
significant
bad debts. For accounts receivable with confirmed impairment losses after separate tests,
they shall not be included in portfolios of accounts receivable with similar credit risk
features for impairment tests.
(2) Provision for bad debts of accounts receivable made on the basis of portfolio
Portfolio Provision for bad debts
Aging portfolio Aging analysis method
Proportions of provision for bad debts on the basis of aging analysis in portfolios:
√Applicable □Not applicable
Proportion of provision for account Proportion of provision for other
Aging
receivable receivables
1 － 2 years 5.00% 5.00%
2 － 3 years 15.00% 15.00%
3 － 4 years 25.00% 25.00%
4 － 5 years 50.00% 50.00%
More than five years 100.00% 100.00%
In portfolio, adopting balance percentage method for bad debt provision
□ Applicable √Not applicable
In portfolio, adopting other method for bad debt provision
□ Applicable √Not applicable
(3) Accounts receivable that are individually insignificant but with bad debt provision provided on an
individual basis
Reason for bad debt
For account receivable with an individual balance lower than the top five at the end of the year and
provision provided on an
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individual basis
with objective evidence showing it may be impaired, and for uncollectible accounts receivable
arising from repeal and liquidation of debtor after taking legal clearance procedures, their provision
for bad debts shall be provided on an individual basis.
For accounts receivable with objective evidence showing they may be impaired, they shall be
separate from relevant portfolios and separately tested for impairment to recognize the impairment
losses. Other remarks: provision for impairment of accounts receivable, excluding debts receivable
and other receivables, shall be made at the specific identification method. If there is evidence
Method of provision for bad
showing that the value of the account receivable has been recovered, and that the recovery is
debt
objectively related to events after recognition of the loss, the originally recognized impairment loss
should be reversed and included in current profit and loss. However, the book values after such
reversal shall not exceed the amortized costs of the account receivable on the reversal date, assuming
there is no provision for impairment.
12. Inventories
1. Classification of inventories
Inventories are classified into raw materials, stock commodities, low-cost consumables, food materials, fuels, etc.
2. Measurement method of dispatched inventories
Stock commodities are measured at selling price and their purchase and sale price differential are amortized over
every month at the method of comprehensive differential. The purchasing and storage of stock materials are
measured at actual cost, and at the first-in-first-out method when fetched for use. Low-cost consumables are
amortized in full when fetched for use.
3. Determination basis of net realizable values of inventories and provision method of inventory
depreciation reserve
After the comprehensive inventory count at the end of the period, provisions for inventory depreciation reserve are
made or adjusted at the lower of their costs or net realizable values.
In normal operation process, for merchandise inventories for direct sale, including stock commodities and
materials for sale, their net realizable values are determined at the estimated selling prices minus the estimated
selling expenses and relevant taxes and surcharges; for inventories held to execute sales contract or service
contract, their net realizable values are calculated on the basis of contract price. If the quantities of inventories
specified in sales contracts are less than the quantities held by the Company, the net realizable value of the excess
portion of inventories shall be based on general selling prices.
At the end of the period, provisions for inventory depreciation reserve are made on an individual basis. For
inventories with large quantity and low unit price, the provisions for inventory depreciation reserve are made on a
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category basis. For inventories related to the product portfolios manufactured and sold in the same area, and of
which the final usage or purpose is identical or similar thereto, and which is difficult to separate from other items
for measurement purposes, the provisions for inventory depreciation reserve shall be made on a portfolio basis.
If any factor rendering write-downs of the inventories has been eliminated, the amounts written down are
recovered and reversed from the inventory depreciation reserve, which has been provided for. The reversed
amounts are included into the current profit and loss.
4. Inventory system
Perpetual inventory system is adopted.
5. Amortization method of low-cost consumables and packaging materials
(1) Low-cost consumables are amortized at lump-sum method;
(2) Packaging materials are amortized at lump-sum method.
13. Divided into assets held for sale
14. Long-term equity investments
1. Determination basis of joint control or significant influence over the investee
Joint control is the relevant agreed sharing of control over an arrangement, and the arranged relevant activity must
be decided under unanimous consent of the parties sharing control. When the company and other joint parties do
joint control and have rights to the net assets over an investee, the investee shall be the company’s joint venture.
Significant influence is the power to participate in the financial and operating policy decisions of the investee but
is not control or joint control over those polices. When an investing enterprise is able to have significant
influences on an investee, the investee shall be its associate.
2. Determination of initial investment cost
(1) Long-term equity investments acquired from business combinations
For business combination under common control: if the company makes payment in cash, transfer non-cash assets
or bear debts and issues equity securities as the consideration for the business combination, the book value of the
owners’ equity of the combinee obtained is recognized as the initial cost of the long-term equity investment on the
combination date. The difference between the initial investment cost and the carrying amount of cash paid,
non-cash assets transferred, liabilities assumed and par value of share issued shall be adjusted to the stock
premium in the capital reserved; if there is no sufficient premium in the capital reserve for write-downs, the
retained earnings are adjusted.
When exercising control was over an investee under common control due to additional investment or other
reasons, the initial investment cost of the long-term equity investment shall be determined by the absorbing
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party’s share of the net assets of the party being absorbed in the consolidated financial statements of the ultimate
controlling party at combination date. The difference between the initial investment cost of the long-term equity
investment at combination date and the sum of the total of the carrying amount of equity investment held by the
acquirer before the combination date and the newly increased investment on the combination date shall be
adjusted to share premium. If the balance of share premium is not sufficient, any excess shall be adjusted to
retained earnings.
For business combination not under common control, the Company recognizes the combination cost determined
on the combination date as the initial cost of long-term equity investment.
When exercising control over an investee not under common control due to additional investment or other reasons,
in stand-alone financial statements, the investor shall change to the cost method and use the carrying amount of
the previously-held equity investment, together with the additional investment cost, as the initial investment cost
under the cost method. The audit, legal, valuation and consulting fees, other intermediary fees, and related
administrative fees paid by the absorbing party or acquirer for the business combination, shall be recognized in
profit or loss as incurred; the cost of issuing equity securities or debt securities as the combination consideration
shall be included in the initial cost of the equity securities or debt securities.
(2) Long-term equity investments acquired by other means
For long-term equity investments acquired from making payments in cash, the initial cost is the actually paid
purchase cost.
For long-term equity investments acquired from issuance of equity securities, the initial cost is the fair value of
the issued equity securities.
If the exchange of non-monetary assets has commercial substance, and the fair values of assets traded out and
traded in can be measured reliably, the initial cost of long-term equity investment traded in with non-monetary
assets are determined based on the fair values of the assets traded out together with relevant taxes 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 book value of the assets traded out and relevant taxes
are recognized as the initial cost of long-term equity investment traded in.
For long-term equity investment acquired from debt restructuring, the initial cost is determined based on the fair
value.
3. Subsequent measurement and recognition of profit or loss
(1) Long-term equity investment adopting cost method
Long-term equity investments of the Company in its subsidiaries are accounted for at cost method, except for the
actual price paid for acquisition of investment or the cash dividends or profits contained in the consideration
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司公限有份股心中游旅海东大南海 2016 文全告报度年半年
which have been declared but not yet distributed, the Company recognizes the proportion it shall enjoy in the cash
dividends or profits declared by the investee as current investment income.
(2) Long-term equity investment adopting equity method
A long-term equity investment in an associate or a joint venture shall be accounted for using the equity method. If
the cost of initial investment is in excess of the proportion of the fair value of the net identifiable assets in the
investee when the investment is made, the difference will not be adjusted to the initial cost of long-term equity
investment; if the cost of initial investment is in short of the proportion of the fair value of the net identifiable
assets in the investee when the investment is made, the difference will be included in the current profit and loss.
The Company recognizes the share of the investee’s net profits or losses, as well as its share of the investee’s other
comprehensive income, as investment income or losses and other comprehensive income, and adjusts the carrying
amount of the investment accordingly. The carrying amount of the investment shall be reduced by the portion of
any profit distributions or cash dividends declared by the investee that is attributable to the investor. The
investor’s share of the investee’s owners’ equity changes, other than those arising from the investee’s net profit or
loss, other comprehensive income or profit distribution, would be recognized in the investor’s equity, and the
carrying amount of the long-term equity investment shall be adjusted accordingly.
The Company recognizes its share of the investee’s net profits or losses after making appropriate adjustments
based on the fair values of the investee’s identifiable net assets at the acquisition date according to the Company’s
accounting policies and accounting period. When holding the investment, if the investee is capable of providing
consolidated financial statements, the profit or loss shall be measured based on the net profit , other
comprehensive income and other changes in owners’ equity attributed to the company recorded in the
consolidated financial statements.
The unrealized profits or losses resulting from transactions between the company and its associate or joint venture
are eliminated in proportion to the company’s equity interest in the investee, based on which investment income or
losses shall be recognized. Any losses resulting from transactions between the investor and the investee, which are
attributable to asset impairment shall be recognized in full. The transactions of investing or selling assets between
the company and its associate or joint venture are accounted for under relevant accounting policies when the asset
constitutes a business.
When the Company confirms that it should share losses of the investee, treatment shall be done in following
sequence: firstly, the book value of the long-term equity investment shall be reduced; secondly, where the book
value is insufficient to cover the share of losses, investment losses are recognized to the extent of book value of
long-term equity which form net investment in the investee in substance and the book value of long-term equity
shall be reduced; finally, after all the above treatments, if the Company is still responsible for any additional
liabilities in accordance with the provisions stipulated in the investment contracts or agreements, estimated
liabilities are recognized and included into current investment loss according to the obligations estimated to
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undertake. If the investee achieves profit in subsequent periods, the treatment is in the reversed sequence
described above, i.e. after deduct any unrecognized investment losses, reduce book value of estimated liabilities
recognized, restore book values of other long-term equity which form net investment in the investee in substance,
and of long-term equity investment, and recognize investment income at the same time.
(3) Disposal of long-term equity investment
On disposal of a long-term equity investment, the difference between the proceeds actually received and the
carrying amount shall be recognized in profit or loss for the current period.
For a long-term equity investment accounted for using the equity method, any other comprehensive income
previously recognized shall be accounted for on the same basis as would have been required if the investee had
directly disposed of the related assets or liabilities on a por-rata basis upon the disposal of the equity investment.
The owners’ equity recognized due to the investor’s share of the investee’s owners’ equity changes, other than
those arising from the investee’s net profit or loss, other comprehensive income or profit distribution, is included
in current profit or loss on a pro-rata basis.
When the Company can no longer exercise joint control of or significant influence over an investee due to partial
disposal of equity investment or other reasons, the remaining equity investment shall be accounted for in
accordance with “Accounting Standard for Business Enterprises No.22-Financial Instruments: Recognition and
Measurement”. The difference between the fair value and the carrying amount at the date of the loss of joint
control or significant influence shall be charged to profit or loss for the current period. When the previously-held
equity investment is accounted for under the equity method, any other comprehensive income previously
recognized shall be accounted for on the same basis as would have been required if the investee had directly
disposed of the related assets or liabilities for the current period upon dis-countinuation of the equity method. The
owners’ equity recognized due to the investor’s share of the investee’s owners’ equity changes, other than those
arising from the investee’s net profit or loss, other comprehensive income or profit distribution, is transferred to
current profit or loss upon discontinuation of the equity method.
When no longer exercise control over an investee due to partial disposal of equity investment or other reasons,
and with the retained interest, still has joint control of, or significant influence over, the investee, when preparing
the individual financial statements, the Company shall change to the equity method and adjust the remaining
equity investment as if the equity method had been applied from the date of the first acquisition. If the Company
can not exercise joint control of or significant influence over the investee after partial disposal of equity
investment, the remaining equity investment shall be accounted for in accordance with “Accounting Standard for
Business Enterprises No.22-Financial Instruments: Recognition and Measurement”, and the difference between
the fair value and carrying amount at the date of the loss of control shall be chared to profit or loss for the current
period.
The equity investment disposed was obtained over additional investment or other reasons through business
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combination, when preparing the individual financial statements, and the remaining equity investment accounted
on cost method or equity method, the other comprehensive income and other owner’s equity recognized due to the
equity investment held before acquisition date was accounted for under the equity method are carried forward on a
pro-rata basis; when the remaining equity investment is accounted for in accordance with “Accounting Standard
for Business Enterprises No. 22 – Financial Instruments: Recognition and Measurement”, the other
comprehensive income and other owner’s equity are totally carried forward.
15. Investment real estate
Measurement model of investment real estate
Not applicable
16. Fixed assets
(1) Recognition criteria
1. Recognition criteria of fixed assets Fixed assets refer to the tangible assets held for the purpose of producing
commodities, rendering services, renting or business management with useful lives exceeding one year. Fixed
assets will only be 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; (2) The costs of the fixed assets can be measured
reliably. 2Classification of fixed assets Fixed assets are classified into buildings and constructions, machinery
equipment, transportation equipment, electronic entertainment equipment, other equipment and Improvement. 3.
Initial measurement of fixed assets Fixed assets are initially measured at their actual cost when acquired. The
costs of a purchased fixed asset are determined at the purchase price, the relevant taxes, and the traffic expenses,
loading and unloading fees, installation fees and professional service fees arising from preparing the fixed asset
for its intended use. If the payment for a fixed asset is delayed beyond the normal credit conditions and it is of
financing nature in effect, the costs of the fixed asset shall be determined based on the present value of the
purchase price. The cost of a self-constructed fixed asset shall be formed by the necessary expenses incurred for
preparing the asset for its intended use. The fixed assets which the debtor uses to pay back the debt in debt
restructuring should be recognized at the fair value of the fixed assets. The difference between the book value of
restructured debts and the fair value of fixed assets used to pay back the debt should be recorded into current
profit and loss; On the premise that non-monetary asset trade is of commercial nature and the fair value of the
asset traded in or out can be measured reliably, the fixed asset traded in with non-monetary asset should be
recognized at the fair value of the asset traded out, unless any unambiguous evidence indicates that the fair value
of the asset traded in is more reliable; as to the non-monetary asset trade not meeting the aforesaid premise, the
book value of the asset traded out and related taxes and surcharges payable should be recognized as the cost of the
fixed asset, with gains or losses not recognized. As for the book-entry value, the fixed assets acquired from the
absorption and merger of an enterprise under common control are recognized at the book value of the merged
enterprise; the fixed assets acquired from the absorption and merger of an enterprise not under common control
are recognized at the fair value. The book-entry value of a fixed asset acquired under financing lease is measured
at the asset’s fair value on the commencement date of the lease or the present value of the minimum lease payment,
whichever is lower.
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司公限有份股心中游旅海东大南海 2016 文全告报度年半年
(2) Depreciation method
Estimated useful life Estimated net residual
Category Depreciated Annual depreciation rate
(Year) rate
Buildings and
straight-line-method 20-40 5% 4.75-2.37
constructions
Machinery equipment straight-line-method 8-20 5% 11.87-4.75
Electronic entertainment
straight-line-method 5-16 5% 19-5.93
equipment
Transportation
straight-line-method 7-12 5% 13.57-7.91
equipment
Other equipment straight-line-method 8 5% 11.87
Improvement straight-line-method 5 5% 19
(3) Recognition basis, pricing and depreciation method for fixed assets under financing lease
17. Construction in progress
The initial book values of the fixed assets are stated at total expenditures incurred before construction in progress
reaches the working condition for their intended use. For construction in progress that has reached working
conditions for its intended use but for which the completion of settlement has not been handled, it shall be
transferred into fixed assets at the estimated value according to the project budget, construction price or actual
cost, etc. from the date when it reaches the working conditions for its intended use. And the fixed assets shall be
depreciated in accordance with the Company’s policy on fixed asset depreciation. Adjustment shall be made to the
originally and provisionally estimated value based on the actual cost after the completion of settlement is handled,
but depreciation already provided will not be adjusted.
18. Borrowing costs
1. Recognition principles of capitalization of borrowing costs
Borrowing costs include the interest of borrowings, the amortization of discount or premium, auxiliary expenses,
exchange differences incurred by foreign currency borrowings, etc.
The borrowing costs incurred to the Company and directly attributable to the acquisition and construction or
production of assets eligible for capitalization should be capitalized and recorded into asset costs; other borrowing
costs should be recognized as costs according to the amount incurred and be included into current profit and loss.
Assets eligible for capitalization refer to fixed assets, investment property, inventories and other assets which may
reach their intended use or sale status only after long-time acquisition and construction or production activities.
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司公限有份股心中游旅海东大南海 2016 文全告报度年半年
Borrowing costs may be capitalized only when all the following conditions are met at the same time:
(1) Asset disbursements, which include those incurred by cash payment, the transfer of non-cash assets or the
undertaking of interest-bearing debts for acquiring and constructing or producing assets eligible for capitalization,
have already been incurred;
(2) Borrowing costs have already been incurred;
(3) The acquisition and construction or production activities which are necessary to prepare the assets for their
intended use or sale have already been started.
2. Capitalization period of borrowing costs
Capitalization period refers to the period from the beginning of capitalization to the cease of capitalization,
excluding the period of capitalization suspension of borrowing costs.
Capitalization of borrowing costs should be ceased when the acquired and constructed or produced assets eligible
for capitalization have reached their intended use or sale condition.
When some projects among the acquired and constructed or produced assets eligible for capitalization are
completed and can be used separately, the capitalization of borrowing costs of such projects should be ceased.
If all parts of the acquired and constructed or produced assets are completed but the assets cannot be used or sold
externally until overall completion, the capitalization of borrowing costs should be ceased at the time of overall
completion of the said assets.
3. Period of capitalization suspension
If the acquisition and construction or production activities of assets eligible for capitalization are interrupted
abnormally and this condition lasts for more than three months, the capitalization of borrowing costs should be
suspended; if the interruption is necessary for the acquisition and construction or production to prepare the assets
for their intended use or sale, the capitalization of borrowing costs should continue. The borrowing costs incurred
during interruption are recognized in the current profit and loss, and the capitalization of borrowing costs
continues after the restart of the acquisition and construction or production activities of the assets.
4. Calculation method of capitalization amount of borrowing costs
As for special borrowings borrowed for acquiring and constructing or producing assets eligible for capitalization,
borrowing costs of special borrowing actually incurred in the current period less the interest income of the loans
unused and deposited in bank or return on temporary investment should be recognized as the capitalization
amount of borrowing costs.
As for general borrowings used for acquiring and constructing or producing assets eligible for capitalization, the
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司公限有份股心中游旅海东大南海 2016 文全告报度年半年
interest of general borrowings to be capitalized should be calculated by multiplying the weighted average of asset
disbursements of the part of accumulated asset disbursements exceeding special borrowings at the end of every
month by the capitalization rate of used general borrowings. The capitalization rate is calculated by weighted
average interest rate of general loans.
As for borrowings with discount or premium, the to-be-amortized discount or premium in each accounting period
should be recognized by effective interest rate method, and the interest for each period should be adjusted.
19. Biological assets
20. Oil-and-gas assets
21. Intangible assets
(1) Measurement, service life and impairment test
1. Measurement method of intangible assets
(1) The Company initially measures intangible assets at cost on acquisition;
The cost of an externally acquired intangible asset comprises its purchase price, related taxes and surcharges and
any other directly attributable expenditure of preparing the asset for its intended use. If the deferred payment of
purchase price of intangible assets exceeding normal credit terms is substantially of financial nature, the cost of
intangible assets should be recognized at the present value of the purchase price.
The intangible assets which the debtor uses to pay back the debt in debt restructuring should be recognized at the
fair value of the intangible assets. The difference between the book value of restructured debts and the fair value
of intangible assets used to pay back the debt should be recorded into the current profit and loss;
On the premise that non-monetary assets trade is of commercial nature and the fair value of the assets traded in or
out can be measured reliably, the intangible assets traded in by the trade of non-monetary assets should be
recognized at the fair value of the assets traded out, unless any unambiguous evidence indicates that the fair value
of the assets traded in is more reliable; as to the non-monetary assets trade not meeting the aforesaid premise, the
book value of the assets traded out and related taxes payable should be recognized as the cost of the intangible
assets traded in, with gains or losses not recognized.
The intangible assets obtained by the absorption and merger of an enterprise under common control are
recognized at the book value of the merged enterprise; the intangible assets obtained by the absorption and merger
of an enterprise not under common control are recognized at the fair value.
Costs of intangible assets developed internally and independently include: the costs of materials and labor services
used to develop the intangible assets, the registration fee, the amortization of other patents and franchise used in
the process of development, the interest of capitalization, and other direct expenses for preparing the intangible
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司公限有份股心中游旅海东大南海 2016 文全告报度年半年
assets for their intended use.
(2) Subsequent measurement
The useful life of intangible asset is analyzed on acquisition.
As for intangible assets with limited useful lives, straight-line amortization method is adopted in the period when
the intangible assets generate economic benefit for enterprise; if the period when the intangible assets generate
economic benefit for enterprise cannot be forecasted, the intangible assets should be deemed as those with
indefinite useful lives and should not be amortized.
2. Estimation of useful life of intangible assets with limited useful life
Item Estimated useful life Basis
Land use right 50 years Validity term of land use certificate
The useful lives and amortization method of intangible assets with limited useful lives are reviewed at the end of
each period.
Upon review, the useful lives and amortization method of the intangible assets as at the end of the year are not
different from those estimated before.
3. Determination basis of intangible assets with indefinite useful lives
As at the balance sheet date, the Company has no intangible assets with indefinite useful lives.
(2) Accounting policy for internal research and development spending
22. Impairment of long-term assets
If there is any indication that the long-term assets such as long-term equity investment, investment properties
accounted through cost pattern, fixed assets, construction in progress, intangible assets etc. may be impaired at the
balance sheet date, an impairment test would be implemented. If the result of impairment test indicates the
recoverable amounts of the long-term assets are lower than their book values, the difference between the
recoverable amounts and book values is recognized as impairment loss, provisions for impairment of the
long-term assets are made. The recoverable amounts of the long-term assets are the higher of their fair values less
costs to disposal and the present values of the estimated future cash flows of the long-term assets. The provision
for impairment is recognized and calculated on the individual basis. If it is difficult to estimate the recoverable
amount of the individual asset, the Company estimates the recoverable amount of the asset group that the
individual asset belongs to. The asset group is the minimum asset group which can generate cash flows
independently.
The mentioned impairment loss will not be reversed in subsequent accounting period once it had been recognized.
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司公限有份股心中游旅海东大南海 2016 文全告报度年半年
23. Long-term deferred expenses
Long-term deferred expenses are various expenses already incurred, which shall be amortized over current and
subsequent periods with the amortization period exceeding one year.
1. Amortization method
Long-term deferred expenses are evenly amortized over the beneficial period.
2. Amortization period
Item Amortization period
Hotel exterior wall decoration 4 years
24. Employee compensation
(1) Short-term employee benefits
The Company recognizes, in the accounting period in which an employee provides service, actually occurred
short-term employee benefits as a liability, with a corresponding charge to current profit or loss or relevant cost of
assets.
Payments made by the Company of social security contributions for employees, and union running costs and
employee education costs provided in accordance with relevant requirements, in the accounting period in which
employees provide services, is calculated according to prescribed bases and percentages of provision in
determining the amount of employee benefits.
Employee benefits which are non-monetary benefits are measured at fair value.
(2) Post-employment benefits
Payments made by the Company of basic endowment insurance and unemployment insurance in accordance with
relevant requirements of local government, in the accounting period in which employees provide services, is
calculated according to prescribed bases and percentages of provision of local requirements in determining the
amount payable, is recognized as a liability, with a corresponding charge to current profit or loss or relevant cost
of assets.
(3) Termination benefits
When the Company cannot unilaterally withdraw the offer of termination benefits because of an employment
termination plan or a curtailment proposal, or when the Company recognizes costs or expenses related to a
restructuring that involves the payment of termination benefits (the earlier is adopted), the employee benefits
liabilities caused by termination benefits are recognized and included in current profit or loss.
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司公限有份股心中游旅海东大南海 2016 文全告报度年半年
(4) Accounting method for other long-term employee benefits
25. Estimated liabilities
When the Company is involved in proceedings, debt guarantees, onerous contracts and reorganization events, if
such events may require delivery of assets or rendering of services in the future and the amounts of such events
can be reliably measured, estimated liabilities are recognized.
1. Recognition criteria of estimated liabilities
The Company recognizes the estimated liabilities when obligations related to contingencies satisfy all the
following conditions:
(1) The obligation is a present obligation of the Company;
(2) The performance of the obligation is likely to result in outflow of economic benefits from the Company; and
(3) The amount of the obligation can be measured reliably.
2. Measurement method of estimated liabilities
The estimated liabilities of the Company are initially measured as the best estimate of expenses required for the
performance of relevant present obligations.
The Company, when determining the best estimate, has had a comprehensive consideration of risks with respect to
contingencies, uncertainties and the time value of money. If the time value of money is significant, the best
estimate shall be determined after discounting the relevant future outflow of cash.
The best estimate shall be accounted as follows in different circumstances:
If there is continuous range (or interval) for the necessary expenses, and probabilities of occurrence of all the
outcomes within this range are equal, the best estimate shall be determined at the average amount of upper and
lower limits within the range.
If there is no continuous range (or interval) for the necessary expenses, or probabilities of occurrence of all the
outcomes within this range are unequal despite such a range exists, the outcomes within this range are unequally
likely to occur, in case that the contingency involves a single item, the best estimate shall be determined at the
most likely outcome; if the contingency involves two or more items, the best 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 an estimated liability of the Company is expected
to be compensated by a third party, the compensation should be separately recognized as an asset only when it is
virtually certain that the compensation will be received. The amount recognized for the compensation should not
exceed the book value of the estimated liability.
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司公限有份股心中游旅海东大南海 2016 文全告报度年半年
26. Share-based payment
27. Other financial instrument as preferred stock and perpetual capital securities
28. Revenue
1. Recognition and measurement principles of revenue from sales of goods
(1) Overall recognition and measurement principles of revenue from sales of goods
When the Company has transferred significant risks and rewards of ownership of the goods to the buyer; the
Company retains neither continuous management rights associated with ownership of the goods sold nor effective
control over the goods sold; the relevant amount of revenue can be measured reliably; it is highly likely that the
economic benefits associated with the transaction will flow into the enterprise; and the relevant amount of cost
incurred or to be incurred can be measured reliably, revenue from sales of goods shall be recognized.
(2) Recognition criteria of revenue from selling goods and specific recognition timing criteria of revenue of the
Company
The Company provides hotel accommodation service as well as goods. After the recognition of both housekeeping
department and hotel reception desk, the daily business report is established. The accounting department makes
sure the significant risks and rewards of ownership of the goods have been transferred to the client, the selling
revenue is recognized.
2. Recognition and measurement principles of revenue from providing labor services
(1) The hotel room service, catering (breakfast) service etc. of the Company, after the hotel room service,
catering (breakfast) service etc. had provided, and each consumption department had checked with the receptionist,
the daily business report and detailed report of account receivables are established, and the reports are submitted
to accounting department, which recognizes the revenue after examining the daily reports.
(2) Revenue from outsourced restaurant and site rental is recognized according to contract or agreement time
period and time of collecting.
3. Recognition basis of revenue from transferring the use right of assets
The economic benefits related to the transaction may flow into entities and the amount of revenue can be reliably
measured. The amount of revenue from transferring use right of assets is recognized as follows in different
circumstances:
(1) The amount of interest income is determined by the time and effective interest rate for others to use the
monetary funds of the Company.
(2) The amount of revenue from usage is determined according to the charging time and method as agreed in
relevant contract or agreement.
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司公限有份股心中游旅海东大南海 2016 文全告报度年半年
29. Government subsidies
(1) Recognition basis and accounting treatment for government subsidies related to assets
Government subsidies related to acquisition and construction of fixed assets, intangible assets and other long-term
assets are recognized as deferred income, and included in non-operating income by stages within the useful life of
the assets acquired and constructed
(2) Recognition basis and accounting treatment for government subsidies related to income
If government subsidies related to income are used to compensate the enterprise’s relevant expenses or losses in
future periods, such government subsidies should be recognized as deferred income on acquisition and be
included into the current non-operating income in the period of recognizing relevant expenses; if government
subsidies related to income are used to compensate the enterprise’s relevant expenses or losses incurred, such
government subsidies are directly included into the current non-operating income on acquisition.
30. Deferred income tax assets and deferred income tax liabilities
Deductible temporary differences are recognized as deferred income tax assets to the extent that it shall not exceed
future taxable income possibly available to be against the deductible temporary difference.
Deductible temporary differences are recognized as deferred income tax liabilities except in special
circumstances.
Special circumstances in which deferred income tax assets or deferred income tax liabilities shall not be
recognized include: the initial recognition of goodwill; other transactions or matters excluding business
combinations, which affect neither accounting profits nor the taxable income (or deductible losses) when
occurred.
If the Company has the legal right of netting and intends to settle in net amount or to obtain assets and discharge
liabilities simultaneously, the income tax assets and income tax liabilities of the Company for the current period
shall be presented based on the net amount after offset.
When the Company has the legal rights to balance income tax assets and income tax liabilities in current period
with net settlement, and deferred income tax assets and deferred income tax liabilities are related to the income
tax which imposed on the same taxpaying subject by the same tax collection authority or to different tax paying
subjects, but, in each important future period in connection with the reverse of deferred income tax assets and
liabilities, the involved tax paying subject intends to balance income tax assets and liabilities in current period
with net settlement at the time of obtaining assets and discharging liabilities, deferred income tax assets and
deferred income tax liabilities of the Company shall be presented based on the net amount after offset.
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司公限有份股心中游旅海东大南海 2016 文全告报度年半年
31. Leasing
(1) Accounting of operating lease
1. Accounting of leased assets
Lease fees paid by the Company for leased asset shall be amortized at straight-line method over the whole lease
period (including rent-free period) and shall be included in the current expenses. Initial direct costs related to lease
transactions paid by the Company shall be included in the current expenses.
If the expense related to the lease which shall be paid by the Company is assumed by the lessor of the asset, such
expenses shall be deducted from total lease fees, and residual lease fees shall be amortized over the lease period
and included in the current expenses.
2. Accounting of leasing assets
Lease fees received by the Company from leasing assets shall be amortized at straight-line method over the whole
lease period (including rent-free period), and shall be recognized as lease income. Initial direct costs related to
lease transactions paid by the Company shall be included in the current expenses; if the amount is large, it shall be
capitalized, and shall be included in the current income by stages within the whole lease period on same basis for
recognition of lease income.
If the expenses related to the lease which shall be paid by the lessee are borne by the Company, such expenses
shall be deducted from total lease income by the Company, and residual lease fees shall be amortized over the
lease period.
(2) Accounting treatment of finance lease
32. Other significant accounting policies and estimate
33. Significant accounting policies and changes of accounting estimate
(1) Changes of major accounting policies
□Applicable √ Not applicable
(2) Changes of major accounting estimate
□Applicable √ Not applicable
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司公限有份股心中游旅海东大南海 2016 文全告报度年半年
34. Other
VI. Taxation
1. Major tax types and tax rates
Taxation type Basis of tax assessment Tax rate
Revenue from sale of goods, business
revenue (after replace business tax with 3%-11%
Value added tax (VAT) VAT )
Business revenue (before replace business
5%
Business tax tax with VAT )
Urban maintenance and construction tax Turnover tax 7%
Enterprise income tax Income tax payable 25%
Education surcharge Turnover tax 3%
Local education surcharge Turnover tax 2%
Remaining value after deducting 30% of
Property tax the original value of houses (including land 1.2%
price)
Land use tax Land area RMB 18/m2
2. Tax preference
3. Other
VII. Notes to the main items of financial statements
1. Monetary funds
In RMB
Item Closing balance Opening balance
Cash 611,116.76 596,940.75
Bank deposit 11,214,173.94 19,185,451.51
Total 11,825,290.70 19,782,392.26
Other explanation
No accounts were mortgaged, frozen or restricted for their realization by other means, deposited overseas or with potential risk in
recovery among ending balance.
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司公限有份股心中游旅海东大南海 2016 文全告报度年半年
2. Financial assets measured by fair value and with variations reckoned into current gains/losses
Nil
3. Derivative financial assets
□Applicable √Not applicable
4. Notes receivables
Nil
5. Accounts receivable
(1) Accounts receivable by type
In RMB
Closing balance Opening balance
Book balance Provision for bad debts Book balance Provision for bad debts
Type
Proportio Accrual Book value Proporti Accrual Book value
Amount Amount Amount Amount
ratio ratio
n on
Accounts
receivable with
large single
amount and
1,466,400.49 52.80% 1,466,400.49 100.00% 1,466,400.49 54.20% 1,466,400.49 100.00%
accrued for
provision of bad
debt on a single
basis
Accounts
receivable
accrued for 1,310,495.97 47.20% 778,812.69 59.43% 531,683.28 1,239,009.97 45.80% 778,812.69 62.86% 460,197.28
provision of bad
debt by portfolio
Total 2,776,896.46 100.00% 2,245,213.18 100.00% 531,683.28 2,705,410.46 100.00% 2,245,213.18 460,197.28
Accounts receivable with large single amount and accrued for provision of bad debt on a single basis at period-end:
√ Applicable□ Not applicable
In RMB
Closing balance
Content of accounts receivable Accounts Provision for
Accrual ratio Reason for provision
receivable bad debts
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司公限有份股心中游旅海东大南海 2016 文全告报度年半年
Un-recoverable due to aging more than five
Sanya Power Supply Company 775,304.98 775,304.98 100.00%
years
Hainan Hong Kong & Macao Un-recoverable due to aging more than five
464,563.21 464,563.21 100.00%
International Tourism Ltd. years
Un-recoverable due to aging more than five
Sanya City Council reception 101,652.32 101,652.32 100.00%
years
LLC SOUTH CROSS Un-recoverable due to aging more than five
124,879.98 124,879.98 100.00%
TRAVELINN years
Total 1,466,400.49 1,466,400.49 -- --
Accounts receivable accrued for provision of bad debt by aging analysis method in portfolio:
√ Applicable□ Not applicable
In RMB
Closing balance
Aging
Accounts receivable Provision for bad debts Accrual ratio
Within 1 year
Subtotal within one year 452,611.85
1-2 years 44,442.72 2,222.14 5.00%
2-3 years 12,696.88 1,904.53 15.00%
3-4 years 21,084.00 5,271.00 25.00%
4-5 years 20,491.00 10,245.50 50.00%
More than five years 759,169.52 759,169.52 100.00%
Total 1,310,495.97 778,812.69
Portfolio recognized:
Accounts receivable accrued for provision of bad debt by percentage of balance in portfolio:
□ Applicable√ Not applicable
Accounts receivable accrued for provision of bad debt by other methods in portfolio:
□ Applicable√ Not applicable
(2) Provision for bad debts accrued, regain or switch back in the Period
Nil
(3) Account receivables actually cancel after verification in Period
Nil
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司公限有份股心中游旅海东大南海 2016 文全告报度年半年
(4) Top five account receivables collected by arrears party at ending balance
Nil
(5) Account receivables recognition terminated due to transfer of financial assets
Nil
(6) Account receivables transferred and assets & liability formed by its continuous involvement
Nil
6. Prepayments
(1) Aging analysis of repayment
In RMB
Closing balance Opening balance
Aging
Amount Proportion Amount Proportion
Within 1 year 114,467.44 42,358.16 100.00%
Total 114,467.44 -- 42,358.16 --
Reasons for significant repayment with over one year age without settle: Nil
(2) Top five prepayment collected by objects at ending balance
Other explanation: N/A
7. Interest receivables
Nil
8. Dividend receivables
(1) Dividend receivable
Nil
9. Other receivables
(1) Other receivables by type
In RMB
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司公限有份股心中游旅海东大南海 2016 文全告报度年半年
Closing balance Opening balance
Book balance Provision for bad debts Book balance Provision for bad debts
Type
Proporti Accrual Book value Proportio Accrual Book value
Amount Amount Amount Amount
ratio ratio
on n
Other
receivables
with large
single
amount and
77,363,143.31 98.54% 77,363,143.31 100.00% 77,363,143.31 98.79% 77,363,143.31 100.00%
accrued for
provision
of bad debt
on a single
basis
Other
receivables
accrued for
provision 1,148,601.82 1.46% 734,324.98 63.93% 414,276.84 946,271.35 1.21% 734,324.98 77.60% 211,946.37
of bad debt
by
portfolio
Total 78,511,745.13 100.00% 78,097,468.29 414,276.84 78,309,414.66 100.00% 78,097,468.29 211,946.37
Other receivables with large single amount and accrued for provision of bad debt on a single basis at period-end:
√ Applicable□ Not applicable
In RMB
Closing balance
Content of other receivables
Other receivables Provision for bad debts Accrual ratio Reason for provision
Hainan Dadonghai Hotel Co.,
54,767,945.15 54,767,945.15 100.00% Unrecoverable
Ltd.
Cash dividends distributed in
16,899,000.00 16,899,000.00 100.00% Unrecoverable
1994-1996
Hainan Hong Kong & Macao
4,145,704.16 4,145,704.16 100.00% Unrecoverable
International Tourism Ltd.
Guangdong Jinma Tourism 1,200,494.00 1,200,494.00 100.00% Unrecoverable
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司公限有份股心中游旅海东大南海 2016 文全告报度年半年
Ltd.
Shareholder custody fee 350,000.00 350,000.00 100.00% Unrecoverable
Total 77,363,143.31 77,363,143.31 -- --
Other receivables accrued for provision of bad debt by aging analysis method in portfolio:
√ Applicable□ Not applicable
In RMB
Closing balance
Aging
Other receivables Provision for bad debts Accrual ratio
Within 1 year
Subtotal within one year 322,350.83
1-2 years 94,080.00 4,704.00 5.00%
2-3 years 3,000.00 450.00 15.00%
3-4 years 25.00%
4-5 years 50.00%
More than five years 729,170.99 729,170.98 100.00%
Total 1,148,601.82 734,324.98
Portfolio recognized:
Other accounts receivable accrued for provision of bad debt by percentage of balance in portfolio:
□ Applicable√ Not applicable
Other accounts receivable accrued for provision of bad debt by other methods in portfolio:
□ Applicable√ Not applicable
(2) Provision for bad debts accrued, regain or switch back in the Period
Nil
(3) Other account receivables actually cancel after verification in Period
Nil
(4) Other account receivables category by nature of money
In RMB
Nature of money Ending book balance Beginning book balance
Original relevant companies fund accounts 54,767,945.15 54,767,945.15
Contracting profit receivable 4,145,704.16 4,145,704.16
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司公限有份股心中游旅海东大南海 2016 文全告报度年半年
Distributing dividends receivable 18,099,494.00 18,099,494.00
Guarantee deposit 561,818.99 561,818.99
Advance money for custody fee 350,000.00 350,000.00
Other fund accounts 356,432.17 153,764.20
Petty money 86,446.24 86,446.24
Utilities 70,789.50 70,789.50
Money from invested items 30,500.00 30,500.00
Personal social security 、 Accumulation
37,614.92 37,952.42
fund
Project funds 3,700.00 3,700.00
Cash deposit for invoices 1,300.00 1,300.00
Total 78,511,745.13 78,309,414.66
(5) Top five other account receivables collected by arrears party at ending balance
In RMB
Nature of Proportion in total Ending balance of
Company name Closing balance Aging
money other receivables bad debt provision
Hainan Dadonghai Hotel Co.,
54,767,945.15 More than five years 54,767,945.15
Ltd.
Cash dividends distributed in
16,899,000.00 More than five years 16,899,000.00
1994-1996
Hainan Hong Kong & Macao
4,145,704.16 More than five years 4,145,704.16
International Tourism Ltd.
Guangdong Jinma Tourism Ltd. 1,200,494.00 More than five years 1,200,494.00
Shareholder custody fee 350,000.00 More than five years 350,000.00
Total -- 77,363,143.31 -- 77,363,143.31
(6) Account receivables with government subsidies involved
Nil
(7) Other account receivables recognition terminated due to transfer of financial assets
Nil
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司公限有份股心中游旅海东大南海 2016 文全告报度年半年
(8) Other account receivables transferred and assets & liability formed by its continuous involvement
Nil
10. Inventories
(1) Classification of inventories
In RMB
Closing balance Opening balance
Item Depreciation Depreciation
Book balance Book value Book balance Book value
reserve reserve
Stock materials 909,688.10 742,966.17 166,721.93 885,380.88 745,479.33 139,901.55
Stock
22,771.38 11,102.41 11,668.97 22,771.38 11,102.41 11,668.97
commodities
Food and
33,613.22 33,613.22 39,578.03 39,578.03
beverages
Fuels 23,583.28 23,583.28 26,926.88 26,926.88
Total 989,655.98 754,068.58 235,587.40 974,657.17 756,581.74 218,075.43
(2) Inventory depreciation reserve
In RMB
Increased in 2016 Decreased in 2016
Item Opening balance Reversing or Closing balance
Accrual Other Other
write-off
Stock materials 745,479.33 2,513.16 742,966.17
Stock
11,102.41 11,102.41
commodities
Total 756,581.74 2,513.16 754,068.58
(3) Explanation on inventories with capitalization of borrowing costs included at ending balance
Nil
(4) Assets unsettled formed by construction contract which has completed at period-end
Nil
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司公限有份股心中游旅海东大南海 2016 文全告报度年半年
11. Divided into assets held for sale
Nil
12. Non-current assets maturing within one year
In RMB
Item Closing balance Opening balance
Long-term differed expenses needed to be
266,250.00 532,500.00
amortized within one year
Total 266,250.00 532,500.00
Other explanation: amortization of the hotel's external wall decoration
13. Other non-current assets
In RMB
Item Closing balance Opening balance
Wuhan Aierjia Technology Development
9,000,000.00
Co., Ltd.
Total 9,000,000.00
Other explanation: the Company entered into a Borrowing Agreement with Wuhan Aierjia Technology Development Co., Ltd. on 7
Jan. 2016. Borrowing RMB 9 million with annual interest rate of 12% for 11 months.
14. Available-for-sale financial assets
(1) Available-for-sale financial assets
In RMB
Closing balance Opening balance
Item Provision for Provision for
Book balance Book value Book balance Book value
impairment impairment
Available-for-sale equity
9,500,000.00 5,000,000.00 4,500,000.00 9,500,000.00 5,000,000.00 4,500,000.00
instruments:
Measured at cost 9,500,000.00 5,000,000.00 4,500,000.00 9,500,000.00 5,000,000.00 4,500,000.00
Total 9,500,000.00 5,000,000.00 4,500,000.00 9,500,000.00 5,000,000.00 4,500,000.00
(2) Available-for-sale financial assets measured at fair value at period-end
In RMB
Classification Equity instruments Debt instruments Total
70
司公限有份股心中游旅海东大南海 2016 文全告报度年半年
available-for-sale available-for-sale
(3) Available-for-sale financial assets measured at cost at the end of the period
In RMB
Book balance Provision for impairment Cash
dividen
Decrease Increase Decrease Shareholding
Increase in ds in
Item Beginning in Ending Beginning in in Ending ratio in
semi-annu semi-an
balance semi-ann balance balance semi-annu semi-annu balance investee
al 2016 nual
ual 2016 al 2016 al 2016
2016
Shenzhen
Difu
Investment
5,000,000.00 5,000,000.00 5,000,000.00 5,000,000.00 14.28%
&
Development
Ltd
Sanya
Xiangyu
4,500,000.00 4,500,000.00 18.00%
E-Business
Co., Ltd.
Total 9,500,000.00 9,500,000.00 5,000,000.00 5,000,000.00 --
(4) Changes of impairment of available-for-sale financial assets in Period
In RMB
Equity instruments Debt instruments
Classification Total
available-for-sale available-for-sale
Balance of impairment
5,000,000.00 5,000,000.00
accrual at period-begin
Balance of impairment
5,000,000.00 5,000,000.00
accrual at period-end
(5) Fair value of the available-for-sale equity instrument drops significantly or not contemporarily without
depreciation reserves accrued
Nil
71
司公限有份股心中游旅海东大南海 2016 文全告报度年半年
15. Held-to-maturity investment
(1) Held-to-maturity investment
Nil
(2) Important held-to-maturity investment at period-end
Nil
(3) Reclassify of held-to-maturity investment in the period
Nil
16. Long-term account receivables
(1) Long-term account receivables
Nil
(2) Long-term account receivable with recognition terminated due to financial assets transfer
Nil
(3) Assets and liabilities due to long-term receivable transfer and continuous involvement
Nil
17. Long-term equity investments
In RMB
Changes in semi-annual 2016
Investme
nt Adjustme
Cash Provisio Impairment
Addit Capita gains/loss nt of
Opening Other dividend n for Ot Closing provision at
Investee ional l es other
balance equity or profit impairm he balance ending
invest reduct recognize comprehe
changes declare to ent r balance
ment ion d by nsive
issue losses
equity income
method
I. Joint venture
Hubei Jingsha 4,566,207.42 4,566,207.42 4,566,207.42
72
司公限有份股心中游旅海东大南海 2016 文全告报度年半年
Dadonghai Club
Ltd.
Sanya Shun’an
5,150,166.84 5,150,166.84 5,150,166.84
Casino
Subtotal 9,716,374.26 9,716,374.26 9,716,374.26
II. Associated enterprise
Total 9,716,374.26 9,716,374.26 9,716,374.26
Other explanation: Nil
18. Investment real estate
(1) Investment real estate by cost measurement
□ Applicable √ Not applicable
(2) Investment real estate by fair value
□ Applicable √ Not applicable
(3) Investment real estate without certificate of ownership
Nil
19. Fixed assets
(1) Fixed assets
In RMB
Decoration
Buildings and Electronic
Item Machines Vehicles Others and Total
Constructions Equipments
improvement
I. Original book value:
1.Opening balance 155,421,287.59 13,141,471.00 2,091,322.77 2,564,213.96 2,059,452.29 458,732.39 175,736,480.00
2. Increase in
11,995.00 26,682.00 38,677.00
semi-annual 2016
(1) Purchase 11,995.00 26,682.00 38,677.00
(2) transfer in of
the construction project
(3) the increase in
business combination
3. Decrease in
73
司公限有份股心中游旅海东大南海 2016 文全告报度年半年
semi-annual 2016
(1) Disposal or scrap
4.Closing balance 155,421,287.59 13,153,466.00 2,091,322.77 2,564,213.96 2,086,134.29 458,732.39 175,775,157.00
II. Accumulated
depreciation
1.Opening balance 75,404,131.86 8,814,547.35 1,101,790.90 2,098,234.92 1,476,565.95 354,317.97 89,249,588.95
2. Increase in
1,276,165.74 139,209.24 86,091.24 190,226.46 29,440.84 43,579.56 1,764,713.08
semi-annual 2016
(1) Disposal or scrap 1,276,165.74 139,209.24 86,091.24 190,226.46 29,440.84 43,579.56 1,764,713.08
3. Decrease in
semi-annual 2016
(1) Disposal or scrap
4.Closing balance 76,680,297.60 8,953,756.59 1,187,882.14 2,288,461.38 1,506,006.79 397,897.53 91,014,302.03
III. Depreciation reserve
1.Opening balance 32,477,188.64 2,527,851.26 1,872.00 199,992.57 35,206,904.47
2. Increase in
semi-annual 2016
(1) Disposal or scrap
3. Decrease in
semi-annual 2016
(1) Disposal or scrap
4.Closing balance 32,477,188.64 2,527,851.26 1,872.00 199,992.57 35,206,904.47
IV. Book value of fixed
assets
(1) Book value at the end
46,263,801.35 1,671,858.15 903,440.63 273,880.58 380,134.93 60,834.86 49,553,950.50
of the period
(2) Book value at the
47,539,967.09 1,799,072.39 989,531.87 464,107.04 382,893.77 104,414.42 51,279,986.58
beginning of the period
(2) Fixed assets temporarily idled
In RMB
Accumulated Provision for
Item Original book value Book value Remark
depreciation impairment
24 inches Shanrui cup 153,919.64 5,433.83 140,788.83 7,696.98
Furniture cleaning
20,322.04 5,434.94 13,871.00 1,016.10
machine
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司公限有份股心中游旅海东大南海 2016 文全告报度年半年
Four heads coffee
7,758.14 2,070.23 5,300.00 387.91
machine
Thermal cabinet 26,202.02 6,917.92 17,974.00 1,310.10
Milk shaker 9,221.94 184.00 9,037.94
VIP card stamping and
13,286.80 266.00 13,020.80
coloring machine
(3) Fixed assets rented by finance leases
Nil
(4) Fixed assets leased in the operating leases
Nil
(5) Fixed assets without certificate of title completed
Nil
20. Construction in process
Nil
21. Engineering materials
Nil
22. Disposal of fixed assets
Nil
23. Productive biological assets
(1) Measured by cost
□ Applicable√ Not applicable
(2) Measured by fair value
□ Applicable√ Not applicable
75
司公限有份股心中游旅海东大南海 2016 文全告报度年半年
24. Oil-and-gas assets
□ Applicable√ Not applicable
25. Intangible assets
(1) Intangible assets
In RMB
Non-patent
Item Land use right Patent right Total
technology
I. Original book value
1.Opening balance 87,315,277.74 87,315,277.74
2. Increase in
semi-annual 2016
(1) Purchase
(2) Internal R&D
(3) the increase in
business combination
3. Decrease in
semi-annual 2016
(1) Disposal
4.Closing balance 87,315,277.74 87,315,277.74
II. Accumulated
amortization
1.Opening balance 31,619,996.24 31,619,996.24
2. Increase in
434,363.58 434,363.58
semi-annual 2016
(1) Withdraw 434,363.58 434,363.58
3. Decrease in
semi-annual 2016
(1) Disposal
4.Closing balance 32,054,359.82 32,054,359.82
III. Depreciation reserve
1.Opening balance 29,343,890.98 29,343,890.98
2. Increase in
semi-annual 2016
76
司公限有份股心中游旅海东大南海 2016 文全告报度年半年
(1) Withdraw
3. Decrease in
semi-annual 2016
(1) Disposal
4.Closing balance 29,343,890.98 29,343,890.98
IV. Booking value
1. Ending book value 25,917,026.94 25,917,026.94
2. Beginning book
26,351,390.52 26,351,390.52
value
The proportion of intangible assets balance accounted for by the company's internal R & D by the end
(2) Land use right without certificate of title completed
Nil
26. Development expenditure
Nil
27. Goodwill
Nil
28. Long-term deferred expenses
In RMB
Increase in the Amortization in the
Item Opening balance Other decreases Closing balance
period period
B building coating
1,508,750.00 1,508,750.00
project
Total 1,508,750.00 1,508,750.00
Other explanation: Nil
29. Deferred income tax assets / deferred income tax liabilities
Nil
30 .Other non-current assets
Nil
77
司公限有份股心中游旅海东大南海 2016 文全告报度年半年
31 .Short-term loans
Nil
32. Financial liabilities measured at fair value through current profit and loss
Nil
33. Derivative financial liabilities
□ Applicable√ Not applicable
34. Note payable
Nil
35. Accounts payable
(1) Details of accounts payable are as follows
In RMB
Item Closing balance Opening balance
Within 1 year (including 1 year) 775,739.70 923,373.39
1-2 years (including 2 years) 205,220.78 205,220.78
2-3 years (including 3 years) 334,316.59 334,316.59
Over 3 years 952,691.61 952,691.61
Total 2,267,968.68 2,415,602.37
(2) Accounts payable with major amount and aging of over one year
In RMB
Item Closing balance Outstanding or carry-over reasons
Sanya Longhuyuan Tourism Park 410,176.68 Settle without invoice
Total 410,176.68 --
Other explanation:
36. Accounts received in advance
(1)Accounts received in advance
In RMB
78
司公限有份股心中游旅海东大南海 2016 文全告报度年半年
Item Closing balance Opening balance
Within 1 year (including 1 year) 399,973.96 601,642.54
1-2 years (including 2 years) 133,860.80 133,860.80
2-3 years (including 3 years) 23,959.76 23,959.76
Over 3 years 394,391.85 394,391.85
Total 952,186.37 1,153,854.95
(2) Accounts received in advance with major amount and aging of over one year
In RMB
Item Closing balance Outstanding or carry-over reasons
Sanya branch of Guanzhou South Holiday
101,244.00 Contract deposit, ready for settlement
International Travel Agency Co., Ltd.
Total 101,244.00 --
(3) Assets settled formed by construction contract which has un-completed at period-end
Nil
37. Employee compensation payable
(1)Classification of employee compensation payable
In RMB
Item Opening balance Increase in the period Decrease in the period Closing balance
I. Short-term employee benefits 2,150,364.40 4,862,642.68 5,431,671.87 1,581,335.21
II. Post-employment benefits -
393,059.24 393,059.24
defined contribution plans
Total 2,150,364.40 5,255,701.92 5,824,731.11 1,581,335.21
(2) Short-term employee benefits
In RMB
Item Opening balance Increase in the period Decrease in the period Closing balance
1.Salary, bonus,
1,295,854.64 3,445,449.59 3,936,982.56 804,321.67
allowance and subsidy
2.Employee welfare 671,369.78 671,369.78
3.Social insurance 575,931.51 575,931.51
79
司公限有份股心中游旅海东大南海 2016 文全告报度年半年
premium
Including: medical
164,377.99 164,377.99
insurance expenses
Work injury insurance
8,219.66 8,219.66
expenses
Maternity insurance 10,274.62 10,274.62
4.Housing provident
50,321.30 50,321.30
funds
5.Labor union
expenditures and
854,509.76 119,570.50 197,066.72 777,013.54
employee education
expenses
Total 2,150,364.40 4,862,642.68 5,431,671.87 1,581,335.21
(3) Details of defined contribution plans
In RMB
Item Opening balance Increase in the period Decrease in the period Closing balance
1.Basic endowment
372,510.00 372,510.00
insurance expenses
2.Unemployment
20,549.24 20,549.24
insurance expenses
Total 393,059.24 393,059.24
Other explanation: Nil
38. Taxes payable
In RMB
Item Closing balance Opening balance
VAT 118,644.42 135,982.62
Business tax 127,228.90
Enterprise income tax -1,645,328.63 -1,702,702.80
Individual income tax 6,804.20
80
司公限有份股心中游旅海东大南海 2016 文全告报度年半年
Urban maintenance and construction tax 893.44 6,105.02
Educational surtax 638.21 4,360.73
Property tax
Land use tax
Total -1,525,152.56 -1,422,221.33
Other explanation: Nil
39. Interest payable
Nil
40. Dividend payable
Nil
41 .Other payables
(1) Other payables by items
In RMB
Item Closing balance Opening balance
Fine for rule-breaking operation on the
19,810,000.00 19,810,000.00
stock of the Company
Audit fee 285,003.21 285,003.21
Project funds 954,491.78 1,246,613.78
Agency fund 453,720.42 453,720.42
Quality retention money Cash deposit
（ ） 248,196.75 248,196.75
Guarantee deposit 761,263.64 430,809.90
membership of Board director 、 the board
49,506.98 148,506.98
of supervisors
Personal fund accounts 91,041.38 91,041.38
Other fund accounts 828,130.79 938,635.86
Total 23,481,354.95 23,652,528.28
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司公限有份股心中游旅海东大南海 2016 文全告报度年半年
(2) Other payables with large amount and aging of over one year
In RMB
Item Closing balance Outstanding or carry-over reasons
China Securities Regulatory Commission 19,810,000.00 Financial difficulty
Hong Kong Deloitte & Touche LLP 285,003.21 No settlement
Sanya Shuxin Building Waterproofing Co.
170,000.00 No settlement
Ltd
China Building Decoration Company
161,111.03 No settlement
Hannan Branch
Total 20,426,114.24 --
Other explanation
42. Divided into liability held for sale
Nil
43. Non-current liability due within one year Nil
44. Other current liability
Nil
45. Long-term loans
Nil
46. Bond payable
Nil
47. Long-term payable
Nil
48. Long-term employee salary payable
Nil
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司公限有份股心中游旅海东大南海 2016 文全告报度年半年
49. Specific payable
Nil
50. Estimates liabilities
Nil
51. Deferred income
Nil
52. Other non-current liability
Nil
53 .Share capital
In RMB
Increase or decrease (+, － )
Opening Share capital Closing
balance balance
New issue Shares granted converted from Others Sub-total
reserve fund
Total shares 364,100,000.00 364,100,000.00
Other explanation: Nil
54. Other equity instruments
Nil
55 .Capital reserves
In RMB
Item Opening balance Increase in the period Decrease in the period Closing balance
Capital (share capital)
33,336,215.58 33,336,215.58
premium
Other capital reserves 20,806,634.43 20,806,634.43
Total 54,142,850.01 54,142,850.01
Other explanation, including changes in the current period, reasons for the change: Nil
83
司公限有份股心中游旅海东大南海 2016 文全告报度年半年
56. Treasury stock
Nil
57. Other comprehensive income
Nil
58. Reasonable reserves
Nil
59. Surplus reserves
Nil
60 .Undistributed profits
In RMB
Item The period Last period
Undistributed profit of period-begin after
-341,305,382.08 -333,827,515.68
adjustment
Add: net profit attributable to owner’s of parent
172,122.52 -3,391,966.64
company
Undistributed profits of period-end -341,133,259.56 -337,219,482.32
Adjustment of undistributed profit at period-begin:
1) For the retroactive adjustment based on Accounting Standards for Business Enterprises and other relevant regulations, affected
undistributed profit at period-begin of 0 Yuan
2) For changes of accounting policies, affected undistributed profit at period-begin of 0 Yuan
3) For correction on major accounting errors, affected undistributed profit at period-begin of 0 Yuan
4) For changes of consolidation scope from same controlling, affected undistributed profit at period-begin of 0 Yuan
5) Other adjustment totally affected undistributed profit at period-begin of 0 Yuan
61 .Operating income and operating cost
In RMB
Current Period Last Period
Item
Income Cost Income Cost
Main business 12,062,797.60 554,719.62 8,421,296.50 271,303.89
Total 12,062,797.60 554,719.62 8,421,296.50 271,303.89
84
司公限有份股心中游旅海东大南海 2016 文全告报度年半年
62 .Business tax and surcharges
In RMB
Item Current Period Last Period
Business tax 497,150.96 421,064.84
Urban maintenance and construction tax 40,719.96 29,474.54
Educational surtax 29,085.71 21,053.24
VAT
Total 566,956.63 471,592.62
Other explanation: Nil
63 .Selling expenses
In RMB
Item Current Period Last Period
Salary 2,012,731.90 1,800,242.10
Depreciation 1,617,873.30 2,049,014.20
Water and electricity fee 765,644.34 650,481.10
Repair charges 393,712.44 293,308.76
Labor insurance 324,415.53 417,749.11
Other expenses 861,791.92 929,033.20
Total 5,976,169.43 6,139,828.47
Other explanation: Nil
64 .Administrative expenses
In RMB
Item Current Period Last Period
Staff salary and welfare 2,069,711.09 2,322,114.89
Taxes 646,738.02 628,274.64
Business entertainment 295,348.47 806,147.80
Traveling allowance 87,737.20 560,018.27
Labor insurance expenses 250,843.95 242,974.66
Amortization of site use right 434,363.58 434,363.58
85
司公限有份股心中游旅海东大南海 2016 文全告报度年半年
Other expenses 1,232,871.46 1,405,266.42
Total 5,017,613.77 6,399,160.26
Other explanation: Nil
65 .Financial expenses
In RMB
Item Current Period Last Period
Less: interest income -258,930.94 -97,294.89
Handling charges 54,178.40 33,820.15
Total -204,752.54 -63,474.74
Other explanation: Nil
66. Losses on assets impairment
In RMB
Item Current Period Last Period
I. Losses on bad debt -166,199.46
Total -166,199.46
Other explanation: Nil
67. Gains from changes of fair value
Nil
68. Gains on investment
Nil
69 .Non-operating incomes
In RMB
Amount included in current
Item Current Period Last Period
non-recurring profits or losses
Income from compensation 1,194,445.50
Confiscated income 64,926.00 40,666.00 64,926.00
Others 12,480.00 5,912.00 12,480.00
Total 77,406.00 1,241,023.50 77,406.00
86
司公限有份股心中游旅海东大南海 2016 文全告报度年半年
Government subsidy reckoned into current gains/losses: Nil
70. Non-operating expenses
In RMB
Amount included in current
Item Current Period Last Period
non-recurring profits or losses
Total losses on disposal of
2,075.60
non-current assets
Including: loss on disposal of
2,075.60
fixed assets
Total 2,075.60
Other explanation: Nil
71 .Income tax expenses
(1) Table of income tax expenses
In RMB
Item Current Period Last Period
Current income tax 57,374.17
Total 57,374.17
(2) Adjustment progress of accounting profit and income tax
In RMB
Item Current Period
Total profit 229,496.69
Income tax based on statutory/applicable rate 57,374.17
Income tax 57,374.17
Other explanation: Nil
72 .Other comprehensive income
More details can be seen in Note.
87
司公限有份股心中游旅海东大南海 2016 文全告报度年半年
73. Notes to statement of cash flows
(1) Other cash receipts related to operating activities
In RMB
Item Current Period Last Period
Income from illegal short-term trading 1,197,462.50
Compensation for goods in guest room 77,406.00 40,666.00
Interest income 258,930.94 90,199.32
Other 209,424.79 542,874.20
Total 545,761.73 1,871,202.02
Note of other cash receipts related to operating activities: Nil
(2) Cash paid for other operating activities
In RMB
Item Current Period Last Period
Sales and administrative expenses 1,335,904.83 2,104,301.11
Financial expenses 54,178.40 26,724.58
Other 156,797.00 189,171.00
Total 1,546,880.23 2,320,196.69
Note of cash paid for other operating activities: Nil
(3) Cash received with other investment activities concerned
Nil
(4) Cash paid for other investment activities
Nil
(5) Cash received with other financing activities concerned
Nil
(6) Cash paid for other financing activities
Nil
88
司公限有份股心中游旅海东大南海 2016 文全告报度年半年
74 .Supplementary information to statement of cash flows
(1) Supplementary information to statement of cash flows
In RMB
Supplementary information Amount as the period Amount as last period
(1) Net profit adjusted to cash flows from operating activities: -- --
Net profit 172,122.52 -3,391,966.64
Plus: provision for asset impairment -166,199.46
Depreciation of fixed assets, gas and oil assets and productive biological
1,764,713.08 2,202,553.28
assets
Amortization of intangible assets 434,363.58 434,363.58
Amortization of long-term deferred expenses 266,250.00 147,264.06
Loss on disposals of fixed assets, intangible assets and other long-term
2,075.60
assets ("-" for gains)
Decrease in inventories ("-" for increases) -17,511.97 -1,688.96
Decrease in operating receivables ("-" for increases) -290,307.05 2,309,506.86
Increase in operating payables ("-" for decreases) -875,932.72 -704,997.91
Net cash flows from operating activities 1,453,697.44 830,910.41
2. Significant investing and financing activities not involving cash
-- --
receipts and payments:
3. Net changes in cash and cash equivalents: -- --
Ending balance of cash 11,825,290.70 23,354,872.95
Less: Beginning balance of cash 19,782,392.26 22,550,289.54
Net increase in cash and cash equivalents -7,957,101.56 804,583.41
(2) Net cash paid for subsidiary obtained in Period
Nil
(3) Net cash received from disposal of subsidiary in Period
Nil
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司公限有份股心中游旅海东大南海 2016 文全告报度年半年
(4) Constitution of cash and cash equivalents
In RMB
Item Closing balance Opening balance
I. Cash 11,825,290.70 19,782,392.26
Including: cash on hand 611,116.76 596,940.75
Bank deposit available for payment at any
11,214,173.94 19,185,451.51
time
III. Ending balance of cash and cash
11,825,290.70 19,782,392.26
equivalents
Other explanation: Nil
75. Notes on items of changes of owner’s equity
Name and adjusted amount on “Other” at balance of year-end of last year: Nil
76. Assets with ownership or right-to-use restricted
Nil
77. Foreign currency monetary items
(1) Foreign currency monetary items
Nil
(2) Explanation on foreign operational entity, as for major foreign operational entity, disclosed foreign
main operation land, book-keeping currency and basis; and disclosed reasons if the book-keeping currency
changed
□ Applicable√ Not applicable
78. Hedging
Disclose hedging items by type of hedging as well as relevant arbitrage tool, qualitative and quantitative information for arbitrage
project: Nil
79. Other
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司公限有份股心中游旅海东大南海 2016 文全告报度年半年
VIII. Changes of consolidation scope
1. Enterprise consolidation not under the same control
Nil
2. Enterprise consolidation under the same control
Nil
3. Counter purchase
Basic information of transactions, basis of transactions constituting counter purchase, whether assets and liabilities reserved by listed
companies constituting business and their basis, confirmation of combined cost, the amount occurred when adjusting rights and
interests in accordance with equity transaction and its calculation: Nil
4. Disposal of subsidiaries
Losing controlling rights while dispose subsidiary on one-time
□Yes √No
Dispose subsidiary step by step through multi-dealings and losing controlling rights in the Period
□Yes √No
5. Changes of combination scope
Other reasons contributed the changes for combination scope (e.g. new subsidiary established, liquidate subsidiary etc.): Nil
6. Other
The scope of consolidation (aggregation) of financial statements covers the headquarter of the Company and the subsidiary South
China Grand Hotel of Hainan Dadonghai Tourism Center (Holdings) Co., Ltd., which is subject to independent accounting.
There is no change in scope of consolidation (aggregation) of the financial statements of the Company in the year
IX. Equity in other entity
1. Equity in the subsidiary
Nil
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司公限有份股心中游旅海东大南海 2016 文全告报度年半年
2. Changes in the owner's equity share of the subsidiary and the transaction is still controlled subsidiary
Nil
3. Equity in arrangement of joint venture or associated enterprises
Nil
4. Important common management
Nil
5. Equity in structured entities not included in the consolidated financial statements
Note of structured entities not included in the consolidated financial statements: Nil
6. Other
X. The risk associated with financial instruments
The Company faces a variety of financial risks in business process: credit risk, market risk and liquidity risk. The
Company’s Board of Directors is overall responsible for risk management objectives and determining policies,
and bears the ultimate responsibility for risk management objectives and policies, but the board has authorized the
Company’s enterprise management department to design and executive the procedure which could guarantee the
effective implementation of risk management objectives and policies. The Company’s internal auditors will audit
the policies and procedures of risk management as well, and will report the discovery to Audit Committee.
The overall objective of the Company’s risk management is to set the risk management policies to reduce risks as
possible without giving excessive influence to competitiveness and strain capacity of the Company.
(I) Credit risk
Credit risk is the risk of financial loss on one party of a financial instrument due to the failure of another party to
meet its obligations. The Company mainly faces credit risk generated from customers through credit sales. The
Company will understand and assess the credit risk of the new customer before signing the new contract. The
Company makes credit rating for existing customers and aging analysis of accounts receivable to ensure the
Company’s overall credit risk falls within a controllable range.
(II) Market risk
Market risk is the risk of financial instruments’ fair value and future cash flow fluctuating due to change of market
price, including currency risk, interest risk and other pricing risk.
(III) Liquidity risk
Liquidity risk is the risk that an enterprise may encounter deficiency of funds in fulfilling the obligations when
92
司公限有份股心中游旅海东大南海 2016 文全告报度年半年
paying cash or settle in way of other financial assets. The policy of the Company is to ensure there are enough
cash to pay back mature debts. The liquidity risk is centralized controlled by the Company’s accounting
department. The accounting department ensure the Company to possess enough cash to pay back the debts in all
reasonable foreseeable circumstances through monitor the balance of cash, monitor the securities that can be
converted into cash at any time and rolling forecasts of future cash flows in twelve months.
XI. Disclosure of fair value
1. Ending fair value of the assets and liabilities measured by fair value
In RMB
Ending fair value
Item
First-order Second-order Third-order Total
I. Sustaining measured by
-- -- -- --
fair value
II. Non-persistent measure -- -- -- --
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司公限有份股心中游旅海东大南海 2016 文全告报度年半年
2. Basis for determining the market price of the sustained and non-sustained first-level fair value
measurement projects
3. The qualitative and quantitative information of the valuation techniques and important parameters
adopted for the sustained and non-sustained second-level fair value measurement projects
4. The qualitative and quantitative information of the valuation techniques and important parameters
adopted for the sustained and non-sustained third-level fair value measurement projects
5. The adjustment information about book value between the beginning and the end of the period and the
unobservable parameter sensitivity analysis of the sustained third-level fair value measurement projects
6. The sustained third-level fair value measurement projects that conversion has occurred among various
levels in the current period, the reasons for change and the policy determining the conversion point
7. Valuation techniques change occurred during the current period and the reasons for change
8. The fair value situations of the financial assets and financial liabilities not measured by the fair value
9. Other
XII. Related parties and related party transactions
1. Parent company
Shareholding ratio Voting rights ratio by
Parent company Registration location Business nature Registration capital
by parent company parent company
Plantation and
Luoniushan Co., Ltd. Haikou 16.81% 16.81%
aquaculture
Explanation: Nil
Ultimate controller of the enterprise is Luoniushan Co., Ltd.
Other explanation: Nil
2. Subsidiary of the Company
More detail of subsidiary of the Company can be seen in Note.
3. Joint-venture and affiliated enterprise of the Company
Nil
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司公限有份股心中游旅海东大南海 2016 文全告报度年半年
4. Other related parties
Name Relationship with the Company
Luoniushan Co., Ltd. The largest shareholder
Other explanation
As of 30 June 2016, Luoniushan Co., Ltd., as the largest shareholder, held 61,190,300 shares (16.81% of the total share capital of the
Company).
5. Related party transactions
(1) Sale of goods/rendering of labor services/labor service offering
Goods purchasing/receiving labor services
In RMB
Contents of related Trading limit Whether over the
Related party Current Period Last Period
party transactions approved trading limit (Y/N)
Luoniushan Co.,
Accommodation 20,672.00 N 12,670.66
Ltd.
Sales of goods/offering labor service
In RMB
Contents of related party
Related party Current Period Last Period
transactions
Luoniushan Co., Ltd. Accommodation 20,672.00 12,670.66
Note of sale of goods/rendering of labor services/labor service offering: Nil
(2) Related trusteeship/contract and delegated administration/outsourcing
Nil
(3) Related leasing
Nil
(4) Related guarantee
Nil
(5) Borrowed funds of related party
Nil
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司公限有份股心中游旅海东大南海 2016 文全告报度年半年
(6) Related party’s assets transfer and debt reorganization
Nil
(7) Remuneration of key management
In RMB
Item Current Period Last Period
645,880.00 495,680.00
(8) Other related transactions
6. Receivables and payables of related parties
(1) Receivable
In RMB
Closing balance Opening balance
Name Related party Provision for bad Provision for bad
Book balance Book balance
debt debt
29,085.23 8,413.23
(2) Payables
Nil
7. Related party commitment
8. Other
XIII. Share-base payment
1. Overall performance of share-base payment
□ Applicable√ Not applicable
2. Share-base payment settled by equity
□ Applicable√ Not applicable
3. Share-base payment settled by cost
□ Applicable√ Not applicable
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司公限有份股心中游旅海东大南海 2016 文全告报度年半年
4. Modification and termination of share-base payment
5. Other
XIV. Commitments and contingencies
1. Material commitments
Major commitments on balance sheet date
No commitments should be disclosed
2. Contingencies
(1) Major contingencies on balance sheet date
No contingencies should be disclosed
(2) For no major contingencies disclosed, explain reasons
The Company has no major contingencies should be disclosed
3. Other
XV. Event after balance sheet date
1. Major non-adjustment events
Nil
2. Profit distribution
Nil
3. Sales return
Nil
4. Explanation on other events after balance sheet date
Nil
XVI. Other significant events
1 .Correction of accounting errors in previous period
Nil
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司公限有份股心中游旅海东大南海 2016 文全告报度年半年
2. Debt reorganization
Nil
3. Assets replacement
Nil
4. Annuity plan
Nil 无
5. Termination of operation
Nil
6. Segment information
Nil
7. Major trading and items shows influence on investors’ decision-making
Nil
8. Other
Lawyer’s Letter received by the Company: based on the preliminary calculation by Sanya Power Supply Bureau, totally 10313373
KWH was undercounted from July 2006 to April 2016 under the name of South China Hotel. The condition needs further verification
and the Company will figure out the truth for judging the follow-up impact on the Company. Meanwhile, the Company plans to made
a friendly negotiation with Sanya Power Supply Bureau and properly handle the follow-up issues.
XVII. Note on financial statement of parent company
1. Accounts receivable
Nil
2. Other receivables
Nil
3. Long-term equity investment
Nil
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司公限有份股心中游旅海东大南海 2016 文全告报度年半年
4. Operation income and operation cost
Nil
5. Investment income
Nil
6. Other
Nil
XVIII. Supplementary information
1. Details of current non-recurring profits and losses
√Applicable □Not applicable
In RMB
Item Amount Remark
Other non-operating income and expense
77,406.00 Income from compensation
other than the abovementioned ones
Total 77,406.00 --
Concerning the extraordinary profit (gain)/loss defined by Q&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 in Q&A Announcement No.1 on Information Disclosure for Companies Offering Their
Securities to the Public --- Extraordinary Profit/loss, explain reasons
√Applicable □ Not applicable
Item Amount (RMB) Reasons
Income from compensation for articles in
Compensation income 入收偿赔 64,926.00
guest room
Other 12,480.00 Other income
2. REO and earnings per share
Earnings per share
Profits during report period Weighted average ROE Diluted EPS
Basic EPS (Yuan/share)
(Yuan/share)
Net profits belong to common stock stockholders of the
0.22% 0.0005 0.0005
Company
Net profits belong to common stock stockholders of the 0.12% 0.0003 0.0003
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司公限有份股心中游旅海东大南海 2016 文全告报度年半年
Company after deducting nonrecurring gains and losses
3. Difference of the accounting data under accounting rules in and out of China
(1) Difference of the net profit and net assets disclosed in financial report, under both IAS (International
Accounting Standards) and Chinese GAAP (Generally Accepted Accounting Principles)
√Applicable □Not applicable
In RMB
Net profit Net assets
Current Period Last Period Closing balance Opening balance
By Chinese GAAP 172,122.52 -3,391,966.64 77,109,590.45 76,937,467.93
Item and amount adjusted by IAS:
By IAS 172,122.52 -3,391,966.64 77,109,590.45 76,937,467.93
(2) Difference of the net profit and net assets disclosed in financial report, under both foreign accounting
rules and Chinese GAAP (Generally Accepted Accounting Principles)
√Applicable □ Not applicable
Name of foreign accounting rules:
In RMB
Net profit Net assets
Current Period Last Period Closing balance Opening balance
By Chinese GAAP 172,122.52 -3,391,966.64 77,109,590.45 76,937,467.93
Item and amount adjusted by foreign accounting rules:
By foreign accounting rule 172,122.52 -3,391,966.64 77,109,590.45 76,937,467.93
(3) Explanation on data differences under the accounting standards in and out of China; as for the
differences adjustment audited by foreign auditing institute, listed name of the institute
Nil
4. Other
Nil
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司公限有份股心中游旅海东大南海 2016 文全告报度年半年
Section X. Documents available for references
I. Text of the semi-annual report 2016 with signature of legal person of the Company;
II. Financial statement with signature and seal of legal person, person in charge of accounting works and person in
charge of accounting organ(accountant in charge);
III. The original manuscripts of all documents and annoucements of the Company publicly disclosed on the
website appointed by CSRC in the reporting period;
IV. Other documents
The above said documents are prepared in the security department of the Company
HAINAN DADONGHAI TOURISM CENTER (HOLDINGS) CO., LTD.
Chairman: Li Yuanbin
11 August 2016
101
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