2020StockCode:000613,200613ShortFormoftheStock:Dadonghai-A,Dadonghai-B
海南大东海旅游中心股份有限公司HainanDadonghaiTourismCentre(Holdings)Co.,Ltd.
TheFirstQuarterlyReport2020
(FullText)
DisclosureDate:25April2020
2020
SectionI.ImportantNotice
BoardofDirectorsandtheSupervisoryCommitteeofHainanDadonghaiTourismCentre(Holdings)Co.,Ltd.(hereinafterreferredtoastheCompany)anditsdirectors,supervisorsandseniorexecutivesshouldguaranteethereality,accuracyandcompletionofthequarterlyreport,therearenoanyfictitiousstatements,misleadingstatementsorimportantomissionscarriedinthisreport,andshalltakelegalresponsibilities,individualand/orjoint.AllDirectorsareattendedtheBoardMeetingforQuarterlyReportdeliberationYuanXiaoping,PersoninchargeoftheCompany,FuZongren,personinchargeofaccountingworksandFuZongren,personinchargeofaccountingorgan(accountingofficer)herebyconfirmthattheFinancialReportofthisQuarterlyReportisauthentic,accurateandcomplete.
2020
SectionII.CompanyInformationI.MainaccountingdataandfinancialindexesWhetherithasretroactiveadjustmentorre-statementonpreviousaccountingdataornot
□Yes√No
CurrentPeriod
Sameperiodoflastyear
ChangesofthisperiodoversameperiodoflastyearOperatingincome(RMB)
3,428,913.739,293,216.58-63.10%Netprofitattributabletoshareholdersofthelistedcompany(RMB)
-2,490,007.131,572,029.88-258.39%Netprofitattributabletoshareholdersofthelistedcompanyafterdeductingnon-recurringgainsandlosses(RMB)
-2,520,079.941,572,029.88-260.31%Netcashflowarisingfromoperatingactivities(RMB)
-1,481,073.351,436,490.57-203.10%Basicearningspershare(RMB/Share)
-0.00680.0043-258.14%Dilutedearningspershare(RMB/Share)
-0.00680.0043-258.14%WeightedaverageROE
-3.22%2.00%-5.22%Attheendofthereporting
period
Attheendof
lastyear
Changesofthisperiod-endoversameperiod-endoflastyear(%)Totalassets(RMB)
84,318,496.1787,521,184.25-3.66%Netassetsattributabletoshareholderoflistedcompany(RMB)
75,996,716.8378,486,603.96-3.17%Itemsandamountsofextraordinaryprofit(gains)/loss
√Applicable□Notapplicable
InRMBItem
Amountfromtheyear-begintotheperiod-end
NoteGains/lossesfromthedisposalofnon-currentasset(includingthewrite-offthataccruedforimpairmentofassets)
-19,129.52FixedassetretirementlossGovernmentalsubsidycalculatedintocurrentgainsandlosses(whilecloselyrelatedwiththenormalbusinessoftheCompany,excludingthefixed-amountorfixed-proportiongovernmentalsubsidyaccordingtotheunifiednationalstandard)
49,202.33
VATinputtaxplusdeductionpolicyTotal30,072.81--Concerningtheextraordinaryprofit(gain)/lossdefinedbyQ&AAnnouncementNo.1onInformationDisclosureforCompanies
2020
OfferingTheirSecuritiestothePublic---ExtraordinaryProfit/loss,andtheitemsdefinedasrecurringprofit(gain)/lossaccordingtothelistsofextraordinaryprofit(gain)/lossinQ&AAnnouncementNo.1onInformationDisclosureforCompaniesOfferingTheirSecuritiestothePublic---ExtraordinaryProfit/loss,explainreasons
□Applicable√Notapplicable
Inreportingperiod,theCompanyhasnoparticularaboutitemsdefinedasrecurringprofit(gain)/lossaccordingtothelistsofextraordinaryprofit(gain)/lossinQ&AAnnouncementNo.1onInformationDisclosureforCompaniesOfferingTheirSecuritiestothePublic---ExtraordinaryProfit/lossII.Totalnumberofshareholdersattheendofthisreportperiodandtoptenshareholders
1.Commonandpreferredstockholderswithvotingrightsrecoverandthetoptenshare-holding
InShareTotalcommonshareholdersattheendofreportperiod
29,824
Totalpreferredstockholderswithvotingrightsrecoverattheendofreportperiod
Toptenshareholders
Shareholder’sname
Natureofshareholder
Proportion
ofshares
held
Amountofsharesheld
Amount
ofrestricted
shares
held
Numberofshare
pledged/frozenState
ofshare
Amount
LuoniushanCo.,Ltd.
Domesticnon-state-ownedlegalperson
17.55%63,885,9800Pledge44,720,186YangMeiqin
Domesticnatureperson
4.47%16,279,0280
PanAnjie
Domesticnatureperson
4.01%14,593,5980
HainanYaAnJuPropertyServiceCo.,Ltd.
Domesticnon-state-ownedlegalperson
2.25%8,205,8000
ChenJinlian
Domesticnatureperson
2.25%7,766,4000
PanAiping
Domesticnatureperson
1.13%4,110,7380
ChinaInvestmentSecurities(HK)Co.,Ld.–customerdeposit
Overseaslegalperson
0.99%3,622,3000
ShenwanHongyuan(H.K.)Limited
Overseaslegalperson
0.84%3,056,3900
ZhangFengxiuDomesticnature
0.84%3,041,3720
2020
personSunHuiming
Domesticnature
person
0.79%2,888,6900
ToptenshareholderswithunrestrictedsharesheldShareholder’sname
Amountofunlimited
sharesheld
TypeofsharesTypeAmountLuoniushanCo.,Ltd.63,885,980RMBcommonshare63,885,980YangMeiqin16,279,028Domesticallylistedforeignshare16,279,028PanAnjie14,593,598Domesticallylistedforeignshare14,593,598HainanYaAnJuPropertyServiceCo.,Ltd.8,205,800RMBcommonshare8,205,800ChenJinlian7,766,400Domesticallylistedforeignshare7,766,400PanAiping4,110,738Domesticallylistedforeignshare4,110,738ChinaInvestmentSecurities(HK)Co.,Ld.–customerdeposit
3,622,300RMBcommonshare3,622,300ShenwanHongyuan(H.K.)Limited3,056,390Domesticallylistedforeignshare3,056,390ZhangFengxiu3,041,372RMBcommonshare3,041,372SunHuiming2,888,690Domesticallylistedforeignshare2,888,690
Explanationonassociatedrelationshipamongtheaforesaidshareholders
Amongtheabovementionedshareholders,HainanYaAnJuPropertyServiceCo.,Ltd.isthewholly-ownedsubsidiaryofLuoniushanCo.,Ltd.;YangMeiqin,PanAnjie,ChenJinlianandPanAipingarethepersonsactinginconcert;theCompanyisunknownwhetherthereexistsassociatedrelationshiporbelongstotheconsistentactorregulatedbytheManagementMeasureofInformationDisclosureonChangeofShareholdingforListedCompanyamongtheothershareholders.Explanationontop10commonshareholdersinvolvingmarginbusiness
N/AWhethertoptencommonshareholdersortoptencommonshareholderswithun-restrictsharesheldhaveabuy-backagreementdealinginreportingperiod
□Yes√No
Thetoptencommonshareholdersortoptencommonshareholderswithun-restrictsharesheldoftheCompanyhavenobuy-backagreementdealinginreportingperiod.
2.TotalshareholderswithpreferredstockheldatPeriod-endandsharesheldbytoptenshareholderswithpreferredstockheld
□Applicable√Notapplicable
2020
SectionIII.SignificantEvents
I.Particularsaboutmaterialchangesinitemsofmainaccountingstatementandfinancialindexandexplanationsofreasons
√Applicable□Notapplicable
InRMBItemsofbalancesheets
Currentperiod
Sameperiodoflastyear
+.-Changesratio(%)
ReasonsMoneyfunds5,813,226.547,422,939.
-21.69%Sharpdropinoperatingincomeforthe
outbreakofCOVID-19inthereportingperiod.Accountsreceivable178,217.45311,083.92-42.71%Mainlyduetothedecreaseincustomers'
accountstobesettledOtheraccountreceivable
811,191.47571,744.5241.88%Mainlyduetooutstandingloansandutility
billsincreasedInventory324,640.45254,257.1927.68%Sharpdecreaseininventoryturnoverforthe
outbreakofCOVID-19inthereporting
period.Wagespayable
1,967,803.832,552,996.
-22.92%Decreaseinsalaryexpensesfortheoutbreak
ofCOVID-19inthereportingperiod.Taxespayable
184,603.65307,257.85-39.92%Decreaseintaxpayablefortheoutbreakof
COVID-19inthereportingperiod.Itemsofprofitstatement
Currentperiod
Sameperiodoflastyear
+.-Changes
ratio(%)
ReasonsOperatingincome3,428,913.739,293,216.
-63.10%MainlyduetotheoutbreakoftheCOVID-19
inthereportingperiodTaxesandsurcharge
6,057.92203,974.74-97.03%Decreaseintaxpayablefortheoutbreakof
COVID-19inthereportingperiod.Managementexpenses1,876,712.093,069,960.
-38.87%Mainlyduetothedecreaseinsalary
expensesandintermediaryexpensesItemsofcashflowstatement
Currentperiod
Sameperiodoflastyear
+.-Changesratio(%)
ReasonsCashreceivedfromsellinggoodsandprovidingservices
4,053,992.139,208,963.
-55.98%Sharpdropinoperatingincomeforthe
outbreakofCOVID-19inthereportingperiod.Cashpaidforpurchasinggoodsandreceiving1,647,038.262,305,147.-28.55%Sharpdropinoperatingincomeforthe
2020
services46outbreakofCOVID-19inthereporting
period.Varioustaxespaid229,689.86670,948.53-65.77%Decreaseintaxpayablefortheoutbreakof
COVID-19inthereportingperiod.Othercashpaidrelatingtooperatingactivities579,623.321,455,031.
-60.16%Operatingactivitiesdeclinefortheoutbreak
ofCOVID-19inthereportingperiodCashpaidforpurchasingfixedassets,intangibleassetsandotherlong-termassets
129,060.00226,600.00-43.05%Mainlyduetothehigheramountofthe
previousyearII.Progressofimportanteventsanditsinfluenceaswellastheanalysisonsolutions
√Applicable□Notapplicable
1.TheLawyer’sLetterreceivedfromSanyaPowerBureau:bypreliminaryaccountingfromSanyaPowerBureau,the10313373KwhelectricitywasunderstatedunderthenameofSouthChinaHotelfromJuly2006toApril2016.TheCompanyiscommunicatedandnegotiateswithSanyaPowerBureauintheabovementionedeventwithoutnegotiationresultssofar.
2.Litigationmatters:HainanDadonghaiTourismCentreGroupCo.,Ltd.borrowed2.76millionyuanand4.55millionyuanfromHainanDadonghaiTourismCentre(Holdings)Co.,Ltd.onOctober16,1996andDecember26,1996respectively.Thetwoborrowingstotaled7.31millionyuanandhaven’tbeenrepaidyet.Thecompanysubmitteda"CivilComplaint"andrelatedevidencematerialstotheSanyaSuburbanPeople'sCourt(hereinafterreferredtoasthe"Court").Atpresent,thecasehasbeenincourt,andnocourtrulinghasbeenreceived.TheCompanyhaswrittenofftheborrowingsofthecaseinfullamountin2008.Atpresent,andthecompanyisunabletojudgetheimpactofthislawsuitontheCompany'scurrentprofitorfutureprofit.
3.Litigations:OnMay31,2018,theSanyaLocalTaxationBureauSocialSecurityFeeCollectionandAdministrationBureauissuedanoticeofpaymentdeadlineforsocialinsurancepremiumstothecompany'sSouthChinaHotel,orderingthecompany'sSouthChinaHoteltopaytheunpaidsocialinsurancepremiumsandlatepaymentfeesandinterestfromJanuary1,2012toDecember31,2012oftotaling286,200.36yuan.OnMay17,2018,theSanyaLocalTaxationBureaudeductedthemoneyfromthedepositofthecompany'sSouthChinaHotel.Accordingtotheagreementofthe"ResponsibilityLetteroftheTargetManagementofSouthChinaHotel"signedbySouthChinaHotelandSunHongjie,SunHongjieshouldberesponsibleforthesocialinsurancepremiumincurredfromMay1,2011toApril30,2016.TheunpaidsocialinsurancepremiumoccurredduringSunHongjie’stargetmanagementresponsibility,andSunHongjieshouldundertakethepayment.Sofar,SunHongjiehasnotrepaidtheadvancepaymenttothecompany'sSouthChinaHotel.Tothisend,thecompanyappealedtothecourt.On25Feb.2020,theCompanyreceivedacourtdecision,thatisSunHongjiewasorderedtopaythecompanyatotalof286200.36yuansocialinsurancepremiums,thelatefeesandinterestthatpaidinadvancebytheCompanyfromthedatethejudgmenttookeffect.Atpresent,thejudgmenthasnotyettakenlegaleffect.
Overview
Disclosure
date
Inquiryindexfortheannouncement
releasedTheLawyer’sLetterreceivedfromSanyaPowerBureau:bypreliminaryaccountingfromSanyaPowerBureau,the10313373KwhelectricitywasunderstatedunderthenameofSouthChinaHotelfromJuly2006toApril2016.TheCompanyiscommunicatedandnegotiateswithSanyaPowerBureauintheabovementionedeventwithoutnegotiationresultssofar.
2016-05-31
The“NoticeofLawyer’sLetterreceivedbyHainanDadonghaiTourismCenter(Holdings)Co.,Ltd.”(NoticeNo.:2016-016)releasedonSecuritiesTimes,HongKongCommercialDailyandJuchaoWebsiteHainanDadonghaiTourismCentreGroupCo.,Ltd.borrowed2.76million2019-06-04AnnouncementonSignificant
2020
yuanand4.55millionyuanfromHainanDadonghaiTourismCentre(Holdings)Co.,Ltd.onOctober16,1996andDecember26,1996respectively.Thetwoborrowingstotaled7.31millionyuanandhaven’tbeenrepaidyet.Therefor,thecompanysuedtothecourt.Atpresent,thecasehasbeenincourt,andnocourtrulinghasbeenreceived.TheCompanyhaswrittenofftheborrowingsofthecaseinfullamountin2008.Atpresent,andthecompanyisunabletojudgetheimpactofthislawsuitontheCompany'scurrentprofitorfutureprofit.
Litigation(AnnouncementNo.:
2019-017)publishedbySecuritiesTimes,HongKongCommercialDailyandwww.cninfo.com.cn.
Progressofimplementationofsharesrepurchases
□Applicable√Notapplicable
Implementationprogressofthereductionofrepurchasessharesbycentralizedbidding
□Applicable√Notapplicable
III.CommitmentscompletedinPeriodandthosewithoutcompletedtillendofthePeriodfromactualcontroller,shareholders,relatedparties,purchaserandcompanies
√Applicable□Notapplicable
CommitmentsAccepterTypeContents
Commitment
time
Commitment
period
Implementation
ShareMergerReform
LuoniushanCo.,Ltd.
ShareMergerReform
OnMay30,2007,LuoniushanCo.,Ltd.madecommitmentsintheCompany’s"Instructionsforreformofnon-tradableshares"(Revision)and"Instructionsforreformofnon-tradableshares"(Abstractofrevision)thatinviewofDadonghaiCompany’slossesinsuccessiveyearsandonthevergeofdelisting,inordertoreversethecompany'sbusinessdifficulties,improveprofitabilityandrecoverthecontinuousbusinesscapacity,LuoniushanCo.,Ltd.,thecontrollingshareholderofDadonghaiCompany
2017-06-276months
Theoriginalplanformajorassetsreorganizationhasbeenterminated
2020
madecommitmentstoactivelyseekrestructuringpartiestoreorganizetheassetsofDadonghaiCompanyattheappropriatetime.CommitmentsinreportofacquisitionorequitychangeCommitmentsinassetsreorganizationCommitmentsmakeininitialpublicofferingorre-financingEquityincentivecommitmentOthercommitmentsformediumandsmallshareholdersCompletedontime(Y/N)No
Ifthecommitmentsisnotfulfilledontime,shallexplainthespecifyreasonandthenextworkplan
StockoftheCompanysuspendedsince15Feb.2017forLuoniushanplanningtofulfillthecommitments.On13August2017,the12proposalsincluding“proposalofmajorassetsacquisitionunderthenameofHainanDadonghaiTourismCenterCo.,Ltd.andReportonRelatedTransactions(Pre-plan)”arenotapprovedbythe11
th
extraordinarymeetingof8
th
BOD.On15Aug.2017,theCompanyreleasedaNoticetoterminatethemajorassetsreorganizationandstockresumptionon17August.On4December2017,the“proposalofChangethecommitmentperiodbyfirstmajorityshareholder”wasapprovedbytheBoardandsupervisorycommittee.LuoniushanCo.,Ltd.–thefirstmajorityshareholderoftheCompany,planstoextendthecommitmentperiodfor2yearssince27Dec.2017,thatisendofthereorganizationcommitmentchangedto26December2019.Andthe4
th
extraordinaryshareholdersgeneralmeeting2017hasapprovedtheabovementionedproposaldated22Dec.2017.OnJanuary31,2018,thecompanyreceivedtheNoticeonPlanningforSuspensionofMajorEventssentbyLuoniushanCo.,Ltd.,thecompany’slargestshareholder,toplanandpreparethemajorissuesrelatedtothecompany.Uponapplicationbythecompany,thecompany’sstock(stockshortname:DadonghaiA,DadonghaiB,stockcode:000613,200613)wassuspendedsincetheopeningonJanuary31,2018.Uponapplicationbythecompany,thecompany’sstockresumedtradingonFebruary8,2018,andwastransferredtothemajorassetrestructuringsincetheopeningonFebruary14,2018.OnJune25,2018,thecompanyheldthethirdinterimmeetingoftheninthboardofdirectorswhichreviewedandapprovedtheProposalonTerminatingthePlanningforMajorAssetRestructuring.Aftercarefulstudy,theboardofdirectorsofthecompanydecidedtoterminatetheplanningforthismajorassetrestructuring.Atpresent,thecompanyhasnoinformationthatshouldbedisclosedbutnotdisclosed.
2020
IV.SecuritiesInvestment
□Applicable√Notapplicable
TheCompanyhasnosecuritiesinvestmentoccurredinthePeriodV.Trustfinancing
√Applicable□Notapplicable
In10thousandYuanTypeCapitalsourcesAmountoccurredOutstandingbalanceOverdueamountBankfinancialproducts
Ownfunds5005000Total5005000Detailsofthesinglemajoramount,orhigh-risktrustinvestmentwithlowsecurity,poorfluidityandnon-guaranteed
□Applicable√Notapplicable
Entrustfinancialexpectedtobeunabletorecovertheprincipalorimpairmentmightbeoccurred
□Applicable√Notapplicable
VI.Derivativeinvestment
□Applicable√Notapplicable
NoderivativeinvestmentinthePeriod.
VII.Registrationformforreceivingresearch,communicationandinterviewinthereportperiod
√Applicable□Notapplicable
DateMethod
Typeofinvestors
Indexfortheinterviewandresearch2020-01-15
Telephonecommunication
Individual
InvestorMr./Ms.WangfromBeijing,askingabouttheoperationperformanceof2019andtimeofreleased,andwithoutmaterialrequired2020-02-12
Telephonecommunication
Individual
InvestorMr./Ms.ChenfromGuangdong,askingabouttheissuesrelatedtothecirculationofrestrictedshares,andwithoutmaterialrequired2020-03-17
Telephonecommunication
Individual
InvestorMr./Ms.ZhoufromShenzhen,askingabouttherelevantissuesofthesharereformcommitmentsandwithoutmaterialrequired2020-03-27
Telephonecommunication
Individual
InvestorMr./Ms..YangfromShanghai,askingabouttheoperationperformanceof2019andtimeofreleased,andwithoutmaterialrequired
2020
VIII.Externalsecurityagainsttherules
□Applicable√Notapplicable
TheCompanyhasnoexternalsecurityagainsttherulesinthePeriodIX.Controllingshareholders'anditsrelatedparty'snon-businesscapitaloccupyingofthelistedcompany
□Applicable√Notapplicable
Therearenocontrollingshareholders'anditsrelatedparty'snon-businesscapitaloccupyingofthelistedcompany.
2020
SectionIV.FinancialStatementI.Financialstatement
1.Balancesheet
PreparedbyHAINANDADONGHAITOURISMCENTER(HOLDINGS)CO.,LTD.
2020-03-31
InRMBItems2020-3-312019-12-31Currentassets:
Monetaryfund5,813,106.547,422,939.89SettlementprovisionsCapitallentTradingfinancialassetsDerivativefinancialassetsNotereceivableAccountreceivable178,217.45311,083.92ReceivablefinancingAccountspaidinadvanceInsurancereceivableReinsurancereceivablesContractreserveofreinsurancereceivableOtheraccountreceivable811,191.47571,744.52Including:InterestreceivableDividendreceivableBuyingbackthesaleoffinancialassetsInventories324,640.45254,257.19ContractualassetsAssetsheldforsaleNon-currentassetduewithinoneyearOthercurrentassets2,505,980.632,574,442.57Totalcurrentassets9,633,136.5411,134,468.09Non-currentassets:
2020
LoansandpaymentsonbehalfDebtinvestmentOtherdebtinvestmentLong-termaccountreceivableLong-termequityinvestmentInvestmentinotherequityinstrumentOthernon-currentfinancialassetsInvestmentrealestate7,788,800.487,909,956.87Fixedassets34,261,468.1435,075,195.98Constructioninprogress585,609.48488,522.10ProductivebiologicalassetOilandgasassetRight-of-useassetsIntangibleassets21,192,290.5921,392,861.88ExpenseonResearchandDevelopmentGoodwillLong-termexpensestobeapportioned10,857,190.9411,520,179.33DeferredincometaxassetOthernon-currentassetTotalnon-currentasset74,685,359.6376,386,716.16Totalassets84,318,496.1787,521,184.25Currentliabilities:
Short-termloansLoanfromcentralbankCapitalborrowedTradingfinancialliabilityDerivativefinancialliabilityNotepayableAccountpayable1,159,802.631,250,409.75
Accountsreceivedinadvance837,298.45786,715.42ContractualliabilitySellingfinancialassetofrepurchaseAbsorbingdepositandinterbankdepositSecuritytradingofagency
2020
SecuritysalesofagencyWagepayable1,967,803.832,552,996.37Taxespayable184,603.65307,257.85Otheraccountpayable2,682,705.742,647,515.86Including:Interestpayable
DividendpayableCommissionchargeandcommissionpayableReinsurancepayableLiabilityheldforsaleNon-currentliabilitiesduewithinoneyearOthercurrentliabilitiesTotalcurrentliabilities6,832,214.307,544,895.25Non-currentliabilities:
Insurancecontractreserve
Long-termloansBondspayableIncluding:Preferredstock
PerpetualcapitalsecuritiesLeaseliabilityLong-termaccountpayableLong-termwagespayableAccrualliability1,489,685.041,489,685.04DeferredincomeDeferredincometaxliabilitiesOthernon-currentliabilitiesTotalnon-currentliabilities1,489,685.041,489,685.04Totalliabilities8,321,899.349,034,580.29Owner’sequity:
Sharecapital364,100,000.00364,100,000.00OtherequityinstrumentIncluding:Preferredstock
PerpetualcapitalsecuritiesCapitalpublicreserve54,142,850.0154,142,850.01Less:Inventoryshares
2020
OthercomprehensiveincomeReasonablereserveSurpluspublicreserveProvisionofgeneralriskRetainedprofit-342,246,253.18-339,756,246.05Totalowner’sequityattributabletoparentcompany75,996,596.8378,486,603.96
MinorityinterestsTotalowner’sequity75,996,596.8378,486,603.96Totalliabilitiesandowner’sequity84,318,496.1787,521,184.25LegalRepresentative:YuanXiaopingPersoninchargeofaccountingworks:FuZongrenPersoninchargeofaccountinginstitute:FuZongren
2.BalanceSheetofParentCompany
InRMBItem2020-3-312019-12-31Currentassets:
Monetaryfunds5,811,935.707,421,452.59TradingfinancialassetsDerivativefinancialassetsNotereceivableAccountreceivable178,217.45311,083.92ReceivablefinancingAccountspaidinadvanceOtheraccountreceivable811,191.47571,744.52
Including:Interestreceivable
DividendreceivableInventories324,640.45254,257.19ContractualassetsAssetsheldforsaleNon-currentassetsmaturingwithinoneyearOthercurrentassets2,505,980.632,574,442.57
2020
Totalcurrentassets9,631,965.7011,132,980.79Non-currentassets:
DebtinvestmentOtherdebtinvestmentLong-termreceivablesLong-termequityinvestments1,000,000.001,000,000.00InvestmentinotherequityinstrumentOthernon-currentfinancialassetsInvestmentrealestate7,788,800.487,909,956.87Fixedassets34,261,468.1435,075,195.98Constructioninprogress585,609.48488,522.10ProductivebiologicalassetsOilandnaturalgasassetsRight-of-useassetsIntangibleassets21,192,290.5921,392,861.88ResearchanddevelopmentcostsGoodwillLong-termdeferredexpenses10,857,190.9411,520,179.33DeferredincometaxassetsOthernon-currentassetsTotalnon-currentassets75,685,359.6377,386,716.16Totalassets85,317,325.3388,519,696.95CurrentliabilitiesShort-termborrowingsTradingfinancialliabilityDerivativefinancialliabilityNotespayableAccountpayable1,159,802.631,250,409.75Accountsreceivedinadvance837,298.45786,715.42ContractualliabilityWagepayable1,967,803.832,552,996.37Taxespayable184,555.85307,210.05Otheraccountspayable2,682,705.742,647,515.86Including:Interestpayable
2020
DividendpayableLiabilityheldforsaleNon-currentliabilitiesduewithinoneyearOthercurrentliabilities999,468.70999,468.70Totalcurrentliabilities7,831,635.208,544,316.15Non-currentliabilities:
Long-termloansBondspayableIncluding:preferredstock
PerpetualcapitalsecuritiesLeaseliabilityLong-termaccountpayableLongtermemployeecompensationpayableAccruedliabilities1,489,685.041,489,685.04DeferredincomeDeferredincometaxliabilitiesOthernon-currentliabilitiesTotalnon-currentliabilities1,489,685.041,489,685.04Totalliabilities9,321,320.2410,034,001.19Owners’equity:
Sharecapital364,100,000.00364,100,000.00OtherequityinstrumentIncluding:preferredstock
PerpetualcapitalsecuritiesCapitalpublicreserve54,142,850.0154,142,850.01Less:InventorysharesOthercomprehensiveincomeSpecialreserveSurplusreserveRetainedprofit-342,246,844.92-339,757,154.25Totalowner’sequity75,996,005.0978,485,695.76Totalliabilitiesandowner’sequity85,317,325.3388,519,696.95
2020
3.ConsolidatedProfitStatement
InRMBItemCurrentperiodLastperiodI.Totaloperatingincome3,428,913.739,293,216.58Including:Operatingincome3,428,913.739,293,216.58InterestincomeInsurancegainedCommissionchargeandcommissionincomeII.Totaloperatingcost5,948,993.677,721,186.70
Including:Operatingcost2,918,770.593,014,239.96InterestexpenseCommissionchargeandcommissionexpenseCashsurrendervalueNetamountofexpenseofcompensationNetamountofwithdrawalofinsurancecontractreserveBonusexpenseofguaranteeslip
ReinsuranceexpenseTaxandextras6,057.92203,974.74Salesexpense1,141,749.321,425,443.74Administrativeexpense1,876,912.093,069,960.73R&DexpenseFinancialexpense5,503.757,567.53
Including:Interestexpenses
Interestincome1,609.475,817.34Add:otherincome49,202.33
Investmentincome(Lossislistedwith“-”)Including:Investmentincomeonaffiliatedcompanyandjointventure
Theterminationofincomerecognitionforfinancialassetsmeasuredbyamortizedcost(Lossislistedwith“-”)
Exchangeincome(Lossislistedwith“-”)Netexposurehedgingincome(Lossislistedwith“-”)Incomefromchangeoffairvalue(Lossislistedwith“-”)Lossofcreditimpairment(Lossislistedwith“-”)Lossesofdevaluationofasset(Lossislistedwith“-”)
2020
Incomefromassetsdisposal(Lossislistedwith“-”)III.Operatingprofit(Lossislistedwith“-”)-2,470,877.611,572,029.88Add:Non-operatingincomeLess:Non-operatingexpense19,129.52IV.Totalprofit(Lossislistedwith“-”)-2,490,007.131,572,029.88Less:IncometaxexpenseV.Netprofit(Netlossislistedwith“-”)-2,490,007.131,572,029.88(i)Classifybybusinesscontinuity
1.continuousoperatingnetprofit(netlosslistedwith‘-”)-2,490,007.131,572,029.88
2.terminationofnetprofit(netlosslistedwith‘-”)
(ii)Classifybyownership
1.Netprofitattributabletoowner’sofparentcompany-2,490,007.131,572,029.88
2.Minorityshareholders’gainsandlosses
VI.Netafter-taxofothercomprehensiveincomeNetafter-taxofothercomprehensiveincomeattributabletoownersofparentcompany(I)Othercomprehensiveincomeitemswhichwillnotbereclassifiedsubsequentlytoprofitofloss
1.Changesofthedefinedbenefitplansthatre-measured
2.Othercomprehensiveincomeunderequitymethodthatcannotbe
transfertogain/loss
3.Changeoffairvalueofinvestmentinotherequityinstrument
4.Fairvaluechangeofenterprise'screditrisk
5.Other
(ii)Othercomprehensiveincomeitemswhichwillbereclassifiedsubsequentlytoprofitorloss
1.Othercomprehensiveincomeunderequitymethodthatcantransfer
togain/loss
2.Changeoffairvalueofotherdebtinvestment
3.Amountoffinancialassetsre-classifytoothercomprehensive
income
4.Creditimpairmentprovisionforotherdebtinvestment
5.Cashflowhedgingreserve
6.Translationdifferencesarisingontranslationofforeigncurrency
financialstatements
2020
7.Other
Netafter-taxofothercomprehensiveincomeattributabletominorityshareholdersVII.Totalcomprehensiveincome-2,490,007.131,572,029.88TotalcomprehensiveincomeattributabletoownersofparentCompany-2,490,007.131,572,029.88TotalcomprehensiveincomeattributabletominorityshareholdersVIII.Earningspershare:
(i)Basicearningspershare-0.00680.0043(ii)Dilutedearningspershare-0.00680.0043LegalRepresentative:YuanXiaopingPersoninchargeofaccountingworks:FuZongrenPersoninchargeofaccountinginstitute:FuZongren
4.ProfitStatementofParentCompany
InRMBItemCurrentperiodLastperiodI.Operatingincome3,428,913.739,293,216.58
Less:Operatingcost2,918,770.593,014,239.96Taxesandsurcharge6,057.92203,974.74Salesexpenses1,141,749.321,425,443.74Administrationexpenses1,876,712.093,069,960.73R&DexpensesFinancialexpenses5,387.297,712.65Including:interestexpenses
Interestincome1,595.935,452.22Add:otherincome49,202.33Investmentincome(Lossislistedwith“-”)Including:InvestmentincomeonaffiliatedCompanyandjointventureTheterminationofincomerecognitionforfinancialassetsmeasuredbyamortizedcost(Lossislistedwith“-”)
Netexposurehedgingincome(Lossislistedwith“-”)Changingincomeoffairvalue(Lossislistedwith“-”)Lossofcreditimpairment(Lossislistedwith“-”)
2020
Lossesofdevaluationofasset(Lossislistedwith“-”)Incomeondisposalofassets(Lossislistedwith“-”)II.Operatingprofit(Lossislistedwith“-”)-2,470,561.151,571,884.76Add:Non-operatingincomeLess:Non-operatingexpense19,129.52III.TotalProfit(Lossislistedwith“-”)-2,489,690.671,571,884.76Less:IncometaxIV.Netprofit(Netlossislistedwith“-”)-2,489,690.671,571,884.76(i)continuousoperatingnetprofit(netlosslistedwith‘-”)-2,489,690.671,571,884.76(ii)terminationofnetprofit(netlosslistedwith‘-”)V.Netafter-taxofothercomprehensiveincome(I)Othercomprehensiveincomeitemswhichwillnotbereclassifiedsubsequentlytoprofitofloss
1.Changesofthedefinedbenefitplansthatre-measured
2.Othercomprehensiveincomeunderequitymethodthatcannotbe
transfertogain/loss
3.Changeoffairvalueofinvestmentinotherequityinstrument
4.Fairvaluechangeofenterprise'screditrisk
5.Other
(II)Othercomprehensiveincomeitemswhichwillbereclassifiedsubsequentlytoprofitorloss
1.Othercomprehensiveincomeunderequitymethodthatcantransfer
togain/loss
2.Changeoffairvalueofotherdebtinvestment
3.Amountoffinancialassetsre-classifytoothercomprehensive
income
4.Creditimpairmentprovisionforotherdebtinvestment
5.Cashflowhedgingreserve
6.Translationdifferencesarisingontranslationofforeigncurrency
financialstatements
7.Other
VI.Totalcomprehensiveincome-2,489,690.671,571,884.76VII.Earningspershare:
(i)Basicearningspershare-0.00680.0043(ii)Dilutedearningspershare-0.00680.0043
2020
5.ConsolidatedCashFlowStatement
InRMBItemCurrentperiodLastperiodI.Cashflowsarisingfromoperatingactivities:
Cashreceivedfromsellingcommoditiesandprovidinglaborservices4,053,992.139,208,963.67NetincreaseofcustomerdepositandinterbankdepositNetincreaseofloanfromcentralbankNetincreaseofcapitalborrowedfromotherfinancialinstitutionCashreceivedfromoriginalinsurancecontractfeeNetcashreceivedfromreinsurancebusinessNetincreaseofinsuredsavingsandinvestmentCashreceivedfrominterest,commissionchargeandcommissionNetincreaseofcapitalborrowedNetincreaseofreturnedbusinesscapitalNetcashreceivedbyagentsinsaleandpurchaseofsecuritiesWrite-backoftaxreceivedOthercashreceivedconcerningoperatingactivities75,302.86393,610.54Subtotalofcashinflowarisingfromoperatingactivities4,129,294.999,602,574.21Cashpaidforpurchasingcommoditiesandreceivinglaborservice1,647,038.262,305,147.46NetincreaseofcustomerloansandadvancesNetincreaseofdepositsincentralbankandinterbankCashpaidfororiginalinsurancecontractcompensationNetincreaseofcapitallentCashpaidforinterest,commissionchargeandcommissionCashpaidforbonusofguaranteeslipCashpaidto/forstaffandworkers3,154,016.903,734,956.14Taxespaid229,689.86670,948.53Othercashpaidconcerningoperatingactivities579,623.321,455,031.51Subtotalofcashoutflowarisingfromoperatingactivities5,610,368.348,166,083.64Netcashflowsarisingfromoperatingactivities-1,481,073.351,436,490.57II.Cashflowsarisingfrominvestingactivities:
CashreceivedfromrecoveringinvestmentCashreceivedfrominvestmentincome
2020
Netcashreceivedfromdisposaloffixed,intangibleandotherlong-termassets
300.0016,000.00
Netcashreceivedfromdisposalofsubsidiariesandotherunits
OthercashreceivedconcerninginvestingactivitiesSubtotalofcashinflowfrominvestingactivities300.0016,000.00
Cashpaidforpurchasingfixed,intangibleandotherlong-termassets129,060.00226,600.00
Cashpaidforinvestment
Netincreaseofmortgagedloans
Netcashreceivedfromsubsidiariesandotherunitsobtained
OthercashpaidconcerninginvestingactivitiesSubtotalofcashoutflowfrominvestingactivities129,060.00226,600.00Netcashflowsarisingfrominvestingactivities-128,760.00-210,600.00III.Cashflowsarisingfromfinancingactivities
CashreceivedfromabsorbinginvestmentIncluding:Cashreceivedfromabsorbingminorityshareholders’investmentbysubsidiaries
Cashreceivedfromloans
OthercashreceivedconcerningfinancingactivitiesSubtotalofcashinflowfromfinancingactivities
Cashpaidforsettlingdebts
Cashpaidfordividendandprofitdistributingorinterestpaying
Including:Dividendandprofitofminorityshareholderpaidbysubsidiaries
OthercashpaidconcerningfinancingactivitiesSubtotalofcashoutflowfromfinancingactivitiesNetcashflowsarisingfromfinancingactivitiesIV.InfluenceoncashandcashequivalentsduetofluctuationinexchangerateV.Netincreaseofcashandcashequivalents-1,609,833.351,225,890.57
Add:Balanceofcashandcashequivalentsattheperiod-begin7,422,939.8915,364,355.30VI.Balanceofcashandcashequivalentsattheperiod-end5,813,106.5416,590,245.87
6.CashFlowStatementofParentCompany
InRMBItemCurrentperiodLastperiodI.Cashflowsarisingfromoperatingactivities:
2020
Cashreceivedfromsellingcommoditiesandprovidinglaborservices4,053,992.139,208,963.67Write-backoftaxreceivedOthercashreceivedconcerningoperatingactivities75,289.32393,235.42Subtotalofcashinflowarisingfromoperatingactivities4,129,281.459,602,199.09Cashpaidforpurchasingcommoditiesandreceivinglaborservice1,647,038.262,305,147.46Cashpaidto/forstaffandworkers3,154,016.903,734,956.14Taxespaid229,689.86670,948.53Othercashpaidconcerningoperatingactivities579,293.321,454,801.51Subtotalofcashoutflowarisingfromoperatingactivities5,610,038.348,165,853.64Netcashflowsarisingfromoperatingactivities-1,480,756.891,436,345.45II.Cashflowsarisingfrominvestingactivities:
CashreceivedfromrecoveringinvestmentCashreceivedfrominvestmentincomeNetcashreceivedfromdisposaloffixed,intangibleandotherlong-termassets
300.0016,000.00
NetcashreceivedfromdisposalofsubsidiariesandotherunitsOthercashreceivedconcerninginvestingactivitiesSubtotalofcashinflowfrominvestingactivities300.0016,000.00
Cashpaidforpurchasingfixed,intangibleandotherlong-termassets129,060.00226,600.00CashpaidforinvestmentNetcashreceivedfromsubsidiariesandotherunitsobtainedOthercashpaidconcerninginvestingactivitiesSubtotalofcashoutflowfrominvestingactivities129,060.00226,600.00Netcashflowsarisingfrominvestingactivities-128,760.00-210,600.00III.CashflowsarisingfromfinancingactivitiesCashreceivedfromabsorbinginvestmentCashreceivedfromloansOthercashreceivedconcerningfinancingactivitiesSubtotalofcashinflowfromfinancingactivitiesCashpaidforsettlingdebtsCashpaidfordividendandprofitdistributingorinterestpayingOthercashpaidconcerningfinancingactivitiesSubtotalofcashoutflowfromfinancingactivitiesNetcashflowsarisingfromfinancingactivities
2020
IV.InfluenceoncashandcashequivalentsduetofluctuationinexchangerateV.Netincreaseofcashandcashequivalents-1,609,516.891,225,745.45Add:Balanceofcashandcashequivalentsattheperiod-begin7,421,452.5914,864,055.73VI.Balanceofcashandcashequivalentsattheperiod-end5,811,935.7016,089,801.18II.Explanationonfinancialstatementadjustment
1.Financialstatementadjustmentatthebeginningofthefirstyearwhenimplementationofnewrevenuerulesandnewleasingrulesfrom2020
□Applicable√Notapplicable
2.Retrospectiveadjustmentofthecomparativedataforinitialimplementationofnewrevenuerulesandnewleasingrulesfrom2020
□Applicable√Notapplicable
III.AuditreportWhetherthe1
stquarterlyreporthasbeenauditedornot
□Yes√No
The1
st
quarterlyreportoftheCompanywasunaudited.
HAINANDADONGHAITOURISMCENTER(HOLDINGS)CO.,LTD.
Chairman:YuanXiaoping23April2020