Stock Code: 000613, 200613 Notice No.: 2020-028Short 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.
THE THIRD QUARTERLY REPORT
FOR 2020(TEXT)
Date of disclosure: 29 October 2020
Section I. Important Notes
Board of Directors and the Supervisory Committee of Hainan Dadonghai Tourism Centre (Holdings) Co., Ltd.(hereinafter referred to as the Company) and its directors, supervisors and senior executives hereby confirm thatthere are no any fictitious statements, misleading statements, or important omissions carried in this report, andshall take all responsibilities, individual and/or joint, for the reality, accuracy and completion of the wholecontents.All directors of the Company are attended the Meeting for quarterly report deliberation.Principal of the Company Yuan Xiaoping, Person in Charge of Accounting Works Fu Zongren and Person inCharge of Accounting Organ (Accounting Officer) Fu Zongren hereby confirm that the Financial Report of theThird Quarterly Report is authentic, accurate and complete.
Section II. Basic information of CompanyI. Main accounting data and indexWhether it has retroactive adjustment or re-statement on previous accounting data or not
□Yes √No
| Current period-end | Period-end of last year | Increase/decrease | ||||
| Total assets (RMB) | 95,880,072.60 | 87,521,184.25 | 9.55% | |||
| Net assets attributable to shareholders of listed company (RMB) | 69,765,651.13 | 78,486,603.96 | -11.11% | |||
| Current period | Increase/decrease in comparison with same period of last year | Year-begin to end of the Period | Increase/decrease in comparison with year-begin to Period-end of last year | |||
| Operating revenue (RMB) | 3,377,869.34 | -7.47% | 8,359,741.34 | -53.28% | ||
| Net profit attributable to shareholders of the listed company (RMB) | -2,089,502.41 | -80.93% | -8,720,952.83 | -2,086.20% | ||
| Net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses (RMB) | -2,560,710.14 | -19.62% | -9,108,465.01 | -489.61% | ||
| Net cash flow arising from operating activities (RMB) | -2,314,610.54 | -939.67% | -7,103,801.46 | -778.63% | ||
| Basic earnings per share (RMB/Share) | -0.0057 | -81.25% | -0.0240 | -2,081.82% | ||
| Diluted earnings per share (RMB/Share) | -0.0057 | -81.25% | -0.0240 | -2,081.82% | ||
| Weighted average ROE | -2.82% | -1.33% | -11.77% | -11.26% | ||
Items and amount of extraordinary profit (gains)/losses
√Applicable □Not applicable
In RMB
| Item | Amount from year-begin to end of the Period | Note |
| Gains/losses from the disposal of non-current asset (including the write-off that accrued for impairment of assets) | -19,129.52 | Loss of scrapped fixed assets |
| Governmental subsidy reckoned into current gains/losses (not including the subsidy enjoyed in quota or ration according to national standards, which are closely relevant to enterprise’s business) | 447,847.72 | Incentive funds to support the development of the inbound tourism market by government and the tax preference of additional subtract for |
| input tax of the VAT | ||
| Other non-operating income and expenditure except for the aforementioned items | -41,206.02 | Compensation for early termination of the contract and other revenue |
| Total | 387,512.18 | -- |
Concerning the extraordinary profit (gain)/loss defined by Q&A Announcement No.1 on Information Disclosure for CompaniesOffering Their Securities to the Public --- Extraordinary Profit/loss, and the items defined as recurring profit (gain)/loss according tothe lists of extraordinary profit (gain)/loss in Q&A Announcement No.1 on Information Disclosure for Companies Offering TheirSecurities to the Public --- Extraordinary Profit/loss, explain reasons
□Applicable √Not applicable
The Company has no items defined as recurring profit (gain)/loss according to the lists of extraordinary profit (gain)/loss in Q&AAnnouncement No.1 on Information Disclosure for Companies Offering Their Securities to the Public --- Extraordinary Profit/loss, inthe periodII. Statement of the total shareholders and shares-held of top ten shareholders at end of thePeriod
1. Number of common shareholders and preference shareholders with voting rights recovered and top tencommon shareholders
In share
| Total common shareholders in reporting period-end | 38,593 | Total preference shareholders with voting rights recovered at end of reporting period | 0 | ||||
| Top ten shareholders | |||||||
| Shareholders | Nature of shareholder | Proportion of shares held | Amount of shares held | Amount of restricted shares held | Number of share pledged/frozen | ||
| State of share | Amount | ||||||
| Luoniushan Co., Ltd. | Domestic non state-owned corporate | 17.55% | 63,885,980 | 0 | Pledge | 44,720,186 | |
| Yang Meiqin | Domestic nature person | 4.47% | 16,279,028 | 0 | |||
| Pan Anjie | Domestic nature person | 4.01% | 14,593,598 | 0 | |||
| Hai Nan Ya An Ju Property Service Co., Ltd. | Domestic non state-owned corporate | 2.25% | 8,205,800 | 0 | |||
| Chen Jinlian | Domestic nature person | 2.13% | 7,766,400 | 0 | |||
| Pan Aiping | Domestic nature | 1.13% | 4,110,738 | 0 | |||
| person | ||||||||
| China Investment Securities (HK) Co., Ld. – customer deposit | Foreign corporate | 0.99% | 3,622,300 | 0 | ||||
| Shenwan Hongyuan Securities (Hong Kong) Co., Ltd. | Foreign corporate | 0.84% | 3,056,390 | 0 | ||||
| Zhang Fengxiu | Domestic nature person | 0.84% | 3,041,372 | 0 | ||||
| Sun Huiming | Domestic nature person | 0.79% | 2,888,690 | 0 | ||||
| Particular about top ten shareholders with un-restrict shares held | ||||||||
| Shareholders’ name | Amount of unrestricted shares held at reporting period-end | Type of shares | ||||||
| Type | Amount | |||||||
| Luoniushan Co., Ltd. | 63,885,980 | RMB ordinary shares | 63,885,980 | |||||
| Yang Meiqin | 16,279,028 | Domestically listed foreign shares | 16,279,028 | |||||
| Pan Anjie | 14,593,598 | Domestically listed foreign shares | 14,593,598 | |||||
| Hai Nan Ya An Ju Property Service Co., Ltd. | 8,205,800 | RMB ordinary shares | 8,205,800 | |||||
| Chen Jinlian | 7,766,400 | Domestically listed foreign shares | 7,766,400 | |||||
| Pan Aiping | 4,110,738 | Domestically listed foreign shares | 4,110,738 | |||||
| China Investment Securities (HK) Co., Ld. – customer deposit | 3,622,300 | RMB ordinary shares | 3,622,300 | |||||
| Shenwan Hongyuan Securities (Hong Kong) Co., Ltd. | 3,056,390 | Domestically listed foreign shares | 3,056,390 | |||||
| Zhang Fengxiu | 30,413,722 | RMB ordinary shares | 3,041,372 | |||||
| Sun Huiming | 2,888,690 | Domestically listed foreign shares | 2,888,690 | |||||
| Explanation on associated relationship among the aforesaid shareholders | Among the above shareholders, Hainan Ya’an Residence Property Service Co., Ltd. is the wholly-owned subsidiary of Luoniushan Co., Ltd; Yang Meiqin, Chen Jinlian and Pan Aiping are the relatives of Pan Anjie, they all declared that there was no concerted action relationship between them; the Company is unknown whether there exists associated relationship or belongs to the consistent actor regulated by the Management Measure of Information Disclosure on Change of Shareholding for Listed Company among the other shareholders. | |||||||
| Explanation on shareholders involving margin business | N/A | |||||||
Whether top ten common shareholders or top ten common shareholders with un-restrict shares held have a buy-back agreementdealing in reporting period
□ Yes √ No
Top ten common shareholders or top ten common shareholders with un-restrict shares not held have a buy-back agreement dealing inreporting period.
2. Total of shareholders with preferred stock held and the top ten shareholdings
□Applicable √Not applicable
海南大东海旅游中心股份有限公司 2020年第三季度报告正文
Section III. Important eventsI. Particular about major changes from items of main accounting statements and financialindexes as well as reasons
√ Applicable □Not applicable
| Item | Changes and reasons |
| I. Balance sheet | |
| Accounts receivable | A decrease of 45.40% compared with that of last year-end, mainly due to the collection of receivable. |
| Other account receivable | An increase of 60.84% compared with that of last year-end, mainly because accounts ready for settlement increased. |
| Other current assets | An increase of 49.14% compared with that of last year-end, mainly because the input tax of VAT ready for deduction increased. |
| Employee compensation payable | A decrease of 40.83% compared with that of last year-end, mainly because the annual bonus accrual last year is paid in the period. |
| Other payable | A decrease of 54.78% compared with that of last year-end, mainly due to the decline of lease deposit. |
| Non-current liabilities due within one year | An increase of 100% compared with that of last year-end, mainly due to the long-term loans that is due for repayment within one year. |
| Long term loan | An increase of 100% compared with that of last year-end, mainly because bank loans increased. |
| II. Profit statement | |
| Operating income | A decrease of 53.28% from a year earlier, mainly because affected by epidemic in first half of the year, operation revenue declined. |
| Taxes and surcharges | A decrease of 33.88% from a year earlier, mainly affected by the tax-reduction and fee-cuts policy for epidemic by the government. |
| Other income | An increase of 123.92% from a year earlier, mainly affected by the policy of additional subtract for VAT. |
| Non-operating expenses | An increase of 2527.67% from a year earlier, mainly due to the compensation for termination of contract |
| III. Cash flow statement | |
| Cash received from selling goods and providing services | A decrease of 57.60% from a year earlier, mainly because affected by epidemic in first half of the year, operation revenue declined. |
| Other cash received concerning operating activities | A decrease of 46.43% from a year earlier, mainly because utilities declined for the epidemic. |
| Various taxes paid | A decrease of 63.46% from a year earlier, mainly affected by the tax-reduction and fee-cuts policy for epidemic by the government. |
| Cash paid for purchasing fixed assets, intangible assets and other long-term assets |
| Cash received from loans | An increase of 100% from a year earlier, mainly because received bank loans in the period while no such item occurred last year. |
海南大东海旅游中心股份有限公司 2020年第三季度报告正文
| Cash paid for dividend and profit distributing or interest paying | An increase of 100% from a year earlier, mainly because paying the loan interest in the period while no such item occurred last year. |
| Net cash flows arising from operating activities | A decrease of 778.63% from a year earlier, mainly because the operation revenue drop sharply in the period. |
| Net cash flows arising from investing activities |
| Net cash flows arising from financing activities | An increase of 100% from a year earlier, mainly because received bank loans and paying interest in the period while no such items occurred last year. |
II. Progress of significant events, their influences, and analysis and explanation of theirsolutions
√ Applicable □Not applicable
Please see the table below.
| Overview | Date for disclosure | Information index for temporary report disclosure |
| Lawyer’s Letter received by the Company: Based on the preliminary calculation by Sanya Power Supply Bureau, totally 10,313,373 KWH was undercounted from July 2006 to April 2016 under the name of South China Hotel. Currently, the Company still in negotiation and communication with Sanya Power Supply Bureau, relevant results are not comes out. | May 31, 2016 | “Notice of Receiving the Lawyer’s Letter (Notice No.: 2016-016)” released on Securities Times, Hong Kong Commercial Daily and Juchao Website |
| Hainan Dadonghai Tourism Centre Group Co., Ltd. borrowed 2.76 million yuan and 4.55 million yuan from Hainan Dadonghai Tourism Centre (Holdings) Co., Ltd. on October 16, 1996 and December 26, 1996 respectively. The two borrowings totaled 7.31 million yuan and haven’t been repaid yet. The company submitted a "Civil Complaint" and related evidence materials to the Sanya Suburban People's Court (hereinafter referred to as the "Court"). The first instance rejects the claim of the Company and the Company filed an appeal. The second instance ruled to revoke the judgment of first instance and supporting the company’s appeal. | June 4, 2019 | Announcement on Significant Litigation (Announcement No.: 2019-017) published by Securities Times, Hong Kong Commercial Daily and www.cninfo.com.cn. |
| June 13, 2020 | Announcement on Significant Litigation (Announcement No.: 2020-021) published by Securities Times, Hong Kong Commercial Daily and www.cninfo.com.cn. | |
| September 16, 2020 | Announcement on Significant Litigation (Announcement No.: 2020-025) published by Securities Times, Hong Kong Commercial Daily and www.cninfo.com.cn. | |
| October 22, 2020 | Announcement on Significant Litigation (Announcement No.: 2020-027) published by Securities Times, Hong Kong Commercial Daily and www.cninfo.com.cn. | |
| On May 31, 2018, the Sanya Local Taxation Bureau Social Security Fee Collection and Administration Bureau issued a notice of payment deadline for social insurance premiums to the company's South China Hotel, ordering the company's South China Hotel to pay the unpaid social insurance premiums and late payment fees and interest from January 1, 2012 to December 31, 2012 of totaling 286,200.36 yuan. On May 17, 2018, the Sanya Local Taxation Bureau deducted the money from the deposit of the company's South China Hotel. According to the agreement of the "Responsibility Letter of the Target Management of South China Hotel" signed by South China Hotel and Sun Hongjie, Sun Hongjie should be | - | - |
海南大东海旅游中心股份有限公司 2020年第三季度报告正文
Progress of shares buy-back
□Applicable √Not applicable
Implementation progress of the reduction of repurchases shares by centralized bidding
□Applicable √Not applicable
III. Commitments completed in Period and those without completed till end of the Periodfrom actual controller, shareholders, related parties, purchaser and companies
√Applicable □ Not applicable
responsible for the social insurance premium incurred from May 1, 2011 toApril 30, 2016. The unpaid social insurance premium occurred during SunHongjie’s target management responsibility, and Sun Hongjie shouldundertake the payment. Sun Hongjie has not repaid the advance payment tothe company's South China Hotel. To this end, the company's South ChinaHotel appealed to the court. The first trial upheld the company’s claim. Atpresent, the case has been enforced.
Commitments
| Commitments | Accepter | Type | Contents | Commitment time | Commitment period | Implementation |
| Commitments for share merger reform | Luoniushan Co., Ltd | Commitments for share merger reform | On May 30, 2007, Luoniushan Co., Ltd. made commitments in the Company’s "Instructions for reform of non-tradable shares" (Revision) and "Instructions for reform of non-tradable shares" (Abstract of revision) that in view of Dadonghai Company’s losses in successive years and on the verge of delisting, in order to reverse the company's business difficulties, improve profitability and recover the continuous business capacity, Luoniushan Co., Ltd., the controlling shareholder of Dadonghai Company made commitments to actively seek restructuring parties to reorganize the assets of Dadonghai Company at the appropriate time. | June 27, 2017 | 6 months | The original plans of material assets reorganization was terminated |
| Commitments in report of acquisition or equity change | ||||||
| Commitments in assets reorganization | ||||||
| Commitments make in initial public offering |
海南大东海旅游中心股份有限公司 2020年第三季度报告正文
| or re-financing | ||||||
| Equity incentive commitment | ||||||
| Other commitments for medium and small shareholders | ||||||
| Completed on time (Y/N) | N | |||||
| If the commitments is not fulfilled on time, shall explain the specify reason and the next work plan | The Company’s stock has been suspended since the opening on February 15, 2017 due to the planning and fulfillment commitments of Luoniushan. On August 13, 2017, the consideration of the 11th interim meeting of the eighth board of directors of the company failed to approve the “Proposal on Major Asset Purchase and Related Transaction Report (Plan) of Hainan Dadonghai Tourism Centre (Holdings) Co., Ltd.” and other 11 proposals. On August 15, 2017, the company issued an announcement to terminate this major asset restructuring, and the company’s stock resumed trading on August 17th. On December 4, 2017, the board of directors and the board of supervisors of the company reviewed and approved the Proposal on the Change of Commitment Period of the First Majority Shareholder of the Company. Luoniushan Co., Ltd., the company’s first majority shareholder planned for a two-year extension for the time limit of the company’s restructuring commitment since December 27, 2017, that is, the deadline for the implementation of the restructuring commitment was changed to December 26, 2019. On December 22, 2017, the company’s fourth extraordinary shareholders’ meeting in 2017 did not approve the proposal. On January 31, 2018, the company received the Notice on Planning for Suspension of Major Events sent by Luoniushan Co., Ltd., the company’s largest shareholder, to plan and prepare the major issues related to the company. Upon application by the company, the company’s stock (stock short name: Dadonghai A, Dadonghai B, stock code: 000613, 200613) was suspended since the opening on January 31, 2018. Upon application by the company, the company’s stock resumed trading on February 8, 2018, and was transferred to the major asset restructuring since the opening on February 14, 2018. On June 25, 2018, the company held the third interim meeting of the ninth board of directors which reviewed and approved the Proposal on Terminating the Planning for Major Asset Restructuring. After careful study, the board of directors of the company decided to terminate the planning for this major asset restructuring. At present, the Company has not disclosed the information that should be disclosed. | |||||
IV. Financial asset investment
1. Particular about security investment
□ Applicable √ Not applicable
The Company had no security investment in Period.
海南大东海旅游中心股份有限公司 2020年第三季度报告正文
2. Particulars about derivatives investment
□ Applicable √ Not applicable
The Company had no derivatives investment in Period.V. Progress of investment projects with raised funds
□ Applicable √ Not applicable
VI. Prediction of 2020 business performanceEstimation on accumulative net profit from the beginning of the year to the end of next report period to be loss probably or thewarning of its material change compared with the corresponding period of the last year and explanation on reason
□ Applicable √ Not applicable
VII. Major contracts for daily operations
√Applicable □ Not applicable
| Contracting party | Counterpart of the contract | Contract object | The total amount of the contract | Progress of contract performance | Sales revenue in the Period and recognized cumulatively | Accounts receivable collection |
| The Company | Sanya Leda Food Management Co., Ltd. | Lease of seaside stall and wood house | Annual contract amount of 1.45 million yuan | 100% | 840000 yuan | |
| The Company | Zhong Zhengao | Lease of beach locker rooms | Annual contract amount of 0.36 million yuan | 100% | 175000 yuan | |
| The Company | Li Fuming | Lease of multi-functional meeting room | Annual contract amount of 0.3 million yuan | 100% | 199500 yuan | |
| The Company | Li Fuming | Lease of basement floor of Hotel A | Annual contract amount of 0.12 million yuan | 100% | 84000 yuan | |
| The Company | Li Fuming | Lease of shopping mall in building B of hotel | Annual contract amount of 0.216 million yuan | 100% | 126000 yuan |
A significant difference between the progress of such major contract and the contract agreement, and the difference affects more than30% of the contract amount
□ Applicable √ Not applicable
VIII. Trust financing
□ Applicable √ Not applicable
The Company had no trust financing in Period.
海南大东海旅游中心股份有限公司 2020年第三季度报告正文
IX. Guarantee outside against the regulation
□Applicable √Not applicable
The Company had no guarantee outside against the regulation in the reporting period.X. Non-operational fund occupation from controlling shareholders and its related party
□ Applicable √ Not applicable
The Company had no non-operational fund occupation from controlling shareholders and its related party.
XI. Registration form for receiving research, communication and interview in the reportperiod
√ Applicable □Not applicable
| Reception time | Reception location | Reception way | Reception object type | Reception object | The main content of the discussion and the information provided | Index of the basic situation of the survey |
| July 9, 2020 | The Company | Telephone communication | Individual | Investor Mr./Ms. Chen from Shenzhen | Operation performance of the first half of the year and disclosure date, and without any material acquired | - |
| July 22, 2020 | The Company | Telephone communication | Individual | Investor Mr./Ms. Wang from Guangzhou | The status of the implementation of the share reform and reorganization commitments and without any material acquired | - |
| August 11, 2020 | The Company | Telephone communication | Individual | Investor Mr./Ms. Huang from Beijing | Operation performance of the first half of the year, and without any material acquired | - |
| August 28, 2020 | The Company | Telephone communication | Individual | Investor Mr./Ms. Lin from Shanghai | Progress of the material lawsuits and without any material acquired | - |
| September 2, 2020 | The Company | Telephone communication | Individual | Investor Mr./Ms. Zhu from Hebei | The company’s assets, future development, etc., and without any material acquired | - |
| September 29, 2020 | The Company | Telephone communication | Individual | Investor Mr./Ms. Chen from Haikou | Operation performance of the Company and disclosure date for 3Q and without any material acquired | - |
Board of Director ofHainan Dadonghai Tourism Centre (Holdings) Co., Ltd.
27 October 2020