Stock Code: 000613, 200613 Notice No.: 2021-064Short Form of the Stock: *ST Dadonghai -A, *ST Dadonghai -B
Hainan Dadonghai Tourism Centre (Holdings) Co., Ltd.
The Third Quarterly Report for 2021
The Company and whole members of the BOD guarantee that the information disclosed is true,accurate and complete, and there are no any fictitious records, misleading statements orimportant omissions.
Important content reminder:
1. Board of Directors, Supervisory Committee, all directors, supervisors and senior executives of HainanDadonghai Tourism Centre (Holdings) Co., Ltd. (hereinafter referred to as the Company) 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.
2. Principal of the Company, Person in Charge of Accounting Works and Person in Charge of Accounting Organ(Accounting Officer) hereby confirm that the Financial Report of the Third Quarterly Report is authentic, accurateand complete.
3. Whether the Third Quarterly Report has been audited or not
□Yes √No
I. Main financial data(i) Main accounting data and financial indexesWhether it has retroactive adjustment or re-statement on previous accounting data or not
□Yes √No
The Company and whole members of the BOD guarantee that the information disclosed is true,accurate and complete, and there are no any fictitious records, misleading statements orimportant omissions.
| Current period | Increase/decrease in the period compared with the same period of the previous year | Year-begin to period-end | Increase/decrease from year-begin to period-end compared with the same period of the previous year | |
| Operating income (Yuan) | 9,077,866.36 | 168.75% | 28,157,645.77 | 236.82% |
| Net profit attributable to shareholders of the listed company (Yuan) | 1,336,730.73 | 163.97% | 2,789,646.65 | 131.99% |
| Net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses (Yuan) | 1,222,888.96 | 147.76% | 2,439,449.84 | 126.78% |
| Net cash flow arising from operating activities (Yuan) | —— | —— | 14,618,902.04 | 305.79% |
| Basic earnings per share (Yuan /Share) | 0.0037 | 163.97% | 0.0077 | 131.99% |
Diluted earnings per share (Yuan /Share)
| Diluted earnings per share (Yuan /Share) | 0.0037 | 163.97% | 0.0077 | 131.99% |
| Weighted average ROE | 1.94% | 4.89% | 4.08% | 15.85% |
| End of current period | End of previous year | Increase/decrease at the period-end compared with the end of the previous year | ||
| Total assets (Yuan) | 90,387,644.30 | 97,441,339.20 | -7.24% | |
| Net assets attributable to shareholder of listed company (Yuan) | 69,708,361.64 | 66,918,714.99 | 4.17% | |
(ii) Items and amounts of non-recurring profit (gains)/losses
√ Applicable □ Not applicable
Unit: Yuan
| Item | Amount for the period | Amount from year-begin to period-end | Note |
| Gains/losses from the disposal of non-current asset (including the write-off that accrued for impairment of assets) | -475.20 | -75.20 | Fixed asset retirement loss |
| Government subsidy recorded in current gains/losses (except those closely related to the Company’s normal operation, and those continuously enjoyed on a fixed or quantitative basis with certain standards in accordance with national policy regulations) | 114,316.97 | 347,755.21 | Income related to VAT input tax credit |
| Other non-operating income and expenses other than the above | 2,516.80 | Other income | |
| Total | 113,841.77 | 350,196.81 | -- |
Other gain/loss items that qualified the definition of non-recurring profit (gains)/losses:
□ Applicable √ Not applicable
The Company does not have other gain/loss items that qualified the definition of non-recurring profit (gains)/lossesExplanation on those non-recurring gain/loss listed in the “Q&A Announcement No.1 on Information Disclosure for CompaniesOffering Their Securities to the Public --- Extraordinary Profit/loss” defined as recurring gain/loss
□ Applicable √ Not applicable
The Company does not have the non-recurring gain/loss listed in the “Q&A Announcement No.1 on Information Disclosure forCompanies Offering Their Securities to the Public --- Extraordinary Profit/loss” defined as recurring gain/loss(iii) Particulars about changes in items of main accounting data and financial index and explanations ofreasons
√ Applicable □Not applicable
| Items of balance sheets | ||||
| Item | End of the Period | Amount at year-begin | Changes | Reasons |
| Money funds | 6,850,496.15 | 2,924,459.75 | 134.25% | Mainly because the operating income increase significantly in the period, the cash inflow increased at a higher rate than the cash |
outflows.
| outflows. | ||||
| Accounts receivable | 296,199.78 | 429,303.32 | -31.00% | Recovery of account receivable increased in the period. |
| Inventory | 242,244.64 | 2,009,928.83 | -87.95% | Mainly due to the sales of stock liquor |
| Contract liabilities | 1,399,347.51 | 626,285.33 | 123.44% | Customer advances increased in the period. |
| Other payable | 2,921,424.56 | 6,167,763.36 | -52.63% | Mainly due to the engineering payable are paid in the period. |
| Non-current liabilities due within one year | 11,508.18 | 6,621,497.94 | -99.83% | Mainly due to the early repayment of loans principal and payment of loans interests in the period. |
| Other current liabilities | 83,960.85 | 37,577.12 | 123.44% | Customer advances increased in the period. |
| Items of profit statement | ||||
| Item | The Period | Same period of last year | Changes | Reasons |
| Operating income | 28,157,645.77 | 8,359,741.34 | 236.82% | Mainly because the tourism market recovered after the epidemic, operation increased significantly compared with the same period of the previous year. And sales of the stock liquor and moon cake processing & sales in Autumn Festival. |
| Operating cost | 14,907,676.61 | 7,936,765.65 | 87.83% | Mainly because the food and liquor sales costs and moon cake costs increased in the period. |
| Taxes and surcharge | 489,058.43 | 366,569.74 | 33.41% | Mainly because at same period of the previous year, the tax and surcharge expenses declined for the government tax breaks. |
| Financial expenses | 348,152.43 | 196,341.55 | 77.32% | Mainly because at same period of the previous year, there was no interest expenses on loans from January to April. |
| Non-operating income | 3,739.40 | 288,793.98 | -98.71% | Mainly due to the income from lawsuit enforcement payments in the same period of last year |
| Non-operating expenses | 1,297.80 | 349,129.52 | -99.63% | Mainly due to the contractual indemnification expenses incurred in the same period of last year. |
II. Shareholders Information(i) Total number of common shareholders and preference shareholders with voting rights recovered andtop ten common shareholders
Unit: Share
| Total common shareholders at the end of report period | 28,545 | Total preference shareholders with voting rights recovered at end of reporting period | 0 | |||||
| Top ten shareholders | ||||||||
| Shareholder’s name | Nature of shareholder | Proportion of shares held | Amount of shares held | Amount of restricted shares held | Information of shares pledged, tagged or frozen | |||
| State of share | Amount | |||||||
| Luoniushan Co., Ltd. | Domestic non-state-owned | 17.55% | 63,885,980 | 0 | ||||
legal person
| legal person | ||||||||
| Yang Meiqin | Domestic nature person | 4.47% | 16,279,028 | 0 | ||||
| Pan Anjie | Domestic nature person | 4.01% | 14,593,598 | 0 | ||||
| Hainan Ya An Ju Property Service Co., Ltd. | Domestic non-state-owned legal person | 2.25% | 8,205,800 | 0 | ||||
| Chen Jinlian | Domestic nature person | 2.13% | 7,766,400 | 0 | ||||
| Pan Aiping | Domestic nature person | 1.13% | 4,110,738 | 0 | ||||
| Lhasa Xingqing Network Technology Co., Ltd. | Domestic non-state-owned legal person | 1.03% | 3,760,000 | 0 | ||||
| Hu Jing | Domestic nature person | 0.97% | 3,523,600 | 0 | ||||
| Zhang Xiaoyi | Domestic nature person | 0.92% | 3,358,171 | 0 | ||||
| Lu Zhangfu | Domestic nature person | 0.86% | 3,130,000 | 0 | ||||
| Top ten shareholders with unrestricted shares held | ||||||||
| Shareholder’s name | Amount of unrestricted shares held | Type of shares | ||||||
| Type | Amount | |||||||
| Luoniushan Co., Ltd. | 63,885,980 | RMB common share | 63,885,980 | |||||
| Yang Meiqin | 16,279,028 | Domestically listed foreign share | 16,279,028 | |||||
| Pan Anjie | 14,593,598 | Domestically listed foreign share | 14,593,598 | |||||
| Hainan Ya An Ju Property Service Co., Ltd. | 8,205,800 | RMB common share | 8,205,800 | |||||
| Chen Jinlian | 7,766,400 | Domestically listed foreign share | 7,766,400 | |||||
| Pan Aiping | 4,110,738 | Domestically listed foreign share | 4,110,738 | |||||
| Lhasa Xingqing Network Technology Co., Ltd. | 3,760,000 | RMB common share | 3,760,000 | |||||
| Hu Jing | 3,523,600 | RMB common share | 3,523,600 | |||||
| Zhang Xiaoyi | 3,358,171 | RMB common share | 3,358,171 | |||||
| Lu Zhangfu | 3,130,000 | RMB common share | 3,130,000 | |||||
| Explanation on associated relationship among the aforesaid shareholders | Among the above mentioned shareholders,Hainan Ya An Ju Property Service Co., Ltd. is the wholly-owned subsidiary of Luoniushan Co., Ltd.; Yang Meiqin, Pan Anjie, Chen Jinlian and Pan Aiping are the persons acting in concert; 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 top 10 common shareholders involving margin business | N/A | |||||||
(ii) Total shareholders with preferred stock held and shares held by top ten shareholders with preferredstock held
□ Applicable √ Not applicable
III. Other significant events
√Applicable □ Not applicable
1. The Lawyer’s Letter received from Sanya Power Bureau: by preliminary accounting from Sanya Power Bureau, the 10,313,373Kwh electricity was understated under the name of South China Hotel from July 2006 to April 2016. The Company is communicatedand negotiates with Sanya Power Bureau in the above mentioned event without negotiation results so far.
2. On April 27, 2021, due to the planning of issuing shares to purchase assets, the company's shares was suspended since the openingof the market and resumed trading on May 14, 2021. On May 13, 2021, the sixth interim meeting of the ninth board of directors ofthe company deliberated and passed the proposals related to the transaction such as the Proposal on the Plan of Issuing Shares andPaying Cash to Purchase Assets and Raise Supporting Funds and Related Transactions and Its Summary. n view of the impact ofrecent market environment and industry regulatory policy adjustments, on July 29, 2021, the company held the second interimmeeting of the tenth board of directors and the second interim meeting of the tenth board of supervisors, which deliberated andpassed the Proposal on the Termination of the Material Asset Reorganization. After careful study, the board of directors of thecompany decided to terminate the material asset reorganization. For details, please refer to the "Announcement on the Termination ofMaterial Asset Reorganization Matters" (Announcement No.: 2021-057) disclosed by the company on July 30, 2021. Moreover,approved by the deliberate in second extraordinary shareholders meeting of 2021 held dated 16 August 2021, for details, please referto the “Resolution of Second Extraordinary Shareholders Meeting of 2021” (Notice No.: 2021-060) disclosed by the company onAugust 17, 2021.
3. Hainan Dadonghai Tourism Centre Group Co., Ltd. borrowed 2.76 million yuan and 4.55 million yuan from Hainan DadonghaiTourism Centre (Holdings) Co., Ltd. on October 16, 1996 and December 26, 1996 respectively. And the company filed a lawsuit incourt for the 7.31 million yuan outstanding, which is not returned yet. The Company submitted a civil complaint and relatedmaterials to Hainan Sanya Suburban People’s Court (hereinafter referred to as Court). The court of first instance ruled against thecompany’s claim, and the company filed an appeal. The court of second instance ruled to revoke the judgment of first instance,supporting the company’s claim. The company has applied for court enforcement, which is still pending.
4. The company's stock trading has been subject to delisting risk warnings from April 27, 2021. If one of the circumstances stipulatedin Article 14.3.11 of the Rules Governing the Stock Listing on Shenzhen Stock Exchange (Revised in 2020) occurs in 2021, thecompany's stock will be terminated from trading by the SSE.
IV. Quarterly financial statements
(i) Financial statement
1. Consolidate balance sheet
Prepared by Hainan Dadonghai Tourism Centre (Holdings) Co., Ltd.
September 30, 2021
Unit: Yuan
Item
| Item | September 30, 2021 | December 31, 2020 |
| Current assets: | ||
| Monetary fund | 6,850,496.15 | 2,924,459.75 |
| Settlement provisions | ||
| Capital lent | ||
| Trading financial assets | ||
| Derivative financial assets | ||
| Note receivable | ||
| Account receivable | 296,199.78 | 429,303.32 |
Receivable financing
| Receivable financing | ||
| Accounts paid in advance | ||
| Insurance receivable | ||
| Reinsurance receivables | ||
| Contract reserve of reinsurance receivable | ||
| Other account receivable | 430,434.11 | 432,560.55 |
| Including: Interest receivable | ||
| Dividend receivable | ||
| Buying back the sale of financial assets | ||
| Inventories | 242,244.64 | 2,009,928.83 |
| Contractual assets | ||
| Assets held for sale | ||
| Non-current asset due within one year | ||
| Other current assets | 3,197,091.03 | 3,977,452.24 |
| Total current assets | 11,016,465.71 | 9,773,704.69 |
| Non-current assets: | ||
| Loans and payments on behalf | ||
| Debt investment | ||
| Other debt investment | ||
| Long-term account receivable | ||
| Long-term equity investment | ||
| Investment in other equity instrument | ||
| Other non-current financial assets | ||
| Investment real estate | 7,079,540.64 | 7,435,433.31 |
| Fixed assets | 32,187,968.87 | 34,694,023.75 |
| Construction in progress | ||
| Productive biological asset | ||
| Oil and gas asset | ||
| Right-of-use assets | ||
| Intangible assets | 19,971,184.35 | 20,580,474.72 |
| Expense on Research and Development | ||
| Goodwill | ||
| Long-term expenses to be apportioned | 20,132,484.73 | 24,957,702.73 |
| Deferred income tax asset | ||
| Other non-current asset | ||
| Total non-current asset | 79,371,178.59 | 87,667,634.51 |
| Total assets | 90,387,644.30 | 97,441,339.20 |
| Current liabilities: | ||
| Short-term loans | ||
| Loan from central bank | ||
| Capital borrowed | ||
| Trading financial liability | ||
| Derivative financial liability | ||
| Note payable | ||
| Account payable | 756,405.22 | 808,710.46 |
| Accounts received in advance |
Contractual liability
| Contractual liability | 1,399,347.51 | 626,285.33 |
| Selling financial asset of repurchase | ||
| Absorbing deposit and interbank deposit | ||
| Security trading of agency | ||
| Security sales of agency | ||
| Wage payable | 1,845,924.34 | 2,595,861.40 |
| Taxes payable | 362,676.36 | 366,892.96 |
| Other account payable | 2,921,424.56 | 6,167,763.36 |
| Including: Interest payable | ||
| Dividend payable | ||
| Commission charge and commission payable | ||
| Reinsurance payable | ||
| Liability held for sale | ||
| Non-current liabilities due within one year | 11,508.18 | 6,621,497.94 |
| Other current liabilities | 83,960.85 | 37,577.12 |
| Total current liabilities | 7,381,247.02 | 17,224,588.57 |
| Non-current liabilities: | ||
| Insurance contract reserve | ||
| Long-term loans | 9,893,757.94 | 9,893,757.94 |
| Bonds payable | ||
| Including: Preferred stock | ||
| Perpetual capital securities | ||
| Lease liability | ||
| Long-term account payable | ||
| Long-term wages payable | ||
| Accrual liability | 1,489,685.04 | 1,489,685.04 |
| Deferred income | ||
| Deferred income tax liabilities | ||
| Other non-current liabilities | 1,914,592.66 | 1,914,592.66 |
| Total non-current liabilities | 13,298,035.64 | 13,298,035.64 |
| Total liabilities | 20,679,282.66 | 30,522,624.21 |
| Owner’s equity: | ||
| Share capital | 364,100,000.00 | 364,100,000.00 |
| Other equity instrument | ||
| Including: Preferred stock | ||
| Perpetual capital securities | ||
| Capital public reserve | 54,142,850.01 | 54,142,850.01 |
| Less: Inventory shares | ||
| Other comprehensive income | ||
| Reasonable reserve | ||
| Surplus public reserve | ||
| Provision of general risk | ||
| Retained profit | -348,534,488.37 | -351,324,135.02 |
| Total owner’ s equity attributable to parent company | 69,708,361.64 | 66,918,714.99 |
| Minority interests | ||
| Total owner’ s equity | 69,708,361.64 | 66,918,714.99 |
Total liabilities and owner’ s equity
| Total liabilities and owner’ s equity | 90,387,644.30 | 97,441,339.20 |
Legal Representative: Yuan XiaopingAccounting Principal: Fu ZongrenAccounting Firm’s Principal: Fu Zongren
2. Consolidated Profit Statement (from the year-begin to the period-end)
Unit: Yuan
| Item | Current period | Last period |
| I. Total operating income | 28,157,645.77 | 8,359,741.34 |
| Including: Operating income | 28,157,645.77 | 8,359,741.34 |
| Interest income | ||
| Insurance gained | ||
| Commission charge and commission income | ||
| II. Total operating cost | 25,718,195.93 | 17,468,206.35 |
| Including: Operating cost | 14,907,676.61 | 7,936,765.65 |
| 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 | ||
| Tax and extras | 489,058.43 | 366,569.74 |
| Sales expense | 3,974,536.51 | 3,154,354.30 |
| Administrative expense | 5,998,771.95 | 5,814,175.11 |
| R&D expense | ||
| Financial expense | 348,152.43 | 196,341.55 |
| Including: Interest expenses | 324,351.80 | 330,284.07 |
| Interest income | 20,959.51 | 152,318.68 |
| Add: other income | 347,755.21 | 447,847.72 |
| Investment income (Loss is listed with “-”) | ||
| Including: Investment income on affiliated company and joint venture | ||
| The termination of income recognition for financial assets measured by amortized cost (Loss is listed with “-”) | ||
| Exchange income (Loss is listed with “-”) | ||
| Net exposure hedging income (Loss is listed with “-”) | ||
| Income from change of fair value (Loss is listed with “-”) | ||
| Loss of credit impairment (Loss is listed with “-”) | ||
| Losses of devaluation of asset (Loss is listed with “-”) | ||
| Income from assets disposal (Loss is listed with “-”) | ||
| III. Operating profit (Loss is listed with “-”) | 2,787,205.05 | -8,660,617.29 |
| Add: Non-operating income | 3,739.40 | 288,793.98 |
| Less: Non-operating expense | 1,297.80 | 349,129.52 |
IV. Total profit (Loss is listed with “-”)
| IV. Total profit (Loss is listed with “-”) | 2,789,646.65 | -8,720,952.83 |
| Less: Income tax expense | ||
| V. Net profit (Net loss is listed with “-”) | 2,789,646.65 | -8,720,952.83 |
| (i) Classify by business continuity | ||
| 1.continuous operating net profit (net loss listed with ‘-”) | 2,789,646.65 | -8,720,952.83 |
| 2.termination of net profit (net loss listed with ‘-”) | ||
| (ii) Classify by ownership | ||
| 1.Net profit attributable to owner’s of parent company | 2,789,646.65 | -8,720,952.83 |
| 2.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 of the defined benefit plans that re-measured | ||
| 2.Other comprehensive income under equity method that cannot be transfer to gain/loss | ||
| 3.Change of fair value of investment in other equity instrument | ||
| 4.Fair value change of enterprise's credit risk | ||
| 5. Other | ||
| (ii) Other comprehensive income items which will be reclassified subsequently to profit or loss | ||
| 1.Other comprehensive income under equity method that can transfer to gain/loss | ||
| 2.Change of fair value of other debt investment | ||
| 3.Amount of financial assets re-classify to other comprehensive income | ||
| 4.Credit impairment provision for other debt investment | ||
| 5.Cash flow hedging reserve | ||
| 6.Translation differences arising on translation of foreign currency financial statements | ||
| 7.Other | ||
| Net after-tax of other comprehensive income attributable to minority shareholders | ||
| VII. Total comprehensive income | 2,789,646.65 | -8,720,952.83 |
| Total comprehensive income attributable to owners of parent Company | 2,789,646.65 | -8,720,952.83 |
| Total comprehensive income attributable to minority shareholders | ||
| VIII. Earnings per share: | ||
| (i) Basic earnings per share | 0.0077 | -0.0240 |
| (ii) Diluted earnings per share | 0.0077 | -0.0240 |
Enterprise combine under the same control in the Period, the combined party realized net profit of -338.28 Yuan before combination,and realized -424.77 Yuan at last period for combined partyLegal Representative: Yuan XiaopingAccounting Principal: Fu Zongren
Accounting Firm’s Principal: Fu Zongren
3. Consolidated Cash Flow Statement (from the year-begin to the period-end)
Unit: Yuan
Item
| Item | Current period | Last period |
| I. Cash flows arising from operating activities: | ||
| Cash received from selling commodities and providing labor services | 31,660,212.01 | 8,132,752.59 |
| Net increase of customer deposit and interbank deposit | ||
| Net increase of loan from central bank | ||
| Net increase of capital borrowed from other financial institution | ||
| Cash received from original insurance contract fee | ||
| Net cash received from reinsurance business | ||
| Net increase of insured savings and investment | ||
| Cash received from interest, commission charge and commission | ||
| Net increase of capital borrowed | ||
| Net increase of returned business capital | ||
| Net cash received by agents in sale and purchase of securities | ||
| Write-back of tax received | 568.93 | |
| Other cash received concerning operating activities | 1,143,674.49 | 848,378.45 |
| Subtotal of cash inflow arising from operating activities | 32,804,455.43 | 8,981,131.04 |
| Cash paid for purchasing commodities and receiving labor service | 6,508,856.35 | 5,395,012.96 |
| Net increase of customer loans and advances | ||
| Net increase of deposits in central bank and interbank | ||
| Cash paid for original insurance contract compensation | ||
| Net increase of capital lent | ||
| Cash paid for interest, commission charge and commission | ||
| Cash paid for bonus of guarantee slip | ||
| Cash paid to/for staff and workers | 8,787,950.94 | 7,750,330.72 |
| Taxes paid | 739,704.64 | 528,352.72 |
| Other cash paid concerning operating activities | 2,149,041.46 | 2,411,236.10 |
| Subtotal of cash outflow arising from operating activities | 18,185,553.39 | 16,084,932.50 |
| Net cash flows arising from operating activities | 14,618,902.04 | -7,103,801.46 |
| 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 | 400.00 | 300.00 |
| Net cash received from disposal of subsidiaries and other units | ||
| Other cash received concerning investing activities | ||
| Subtotal of cash inflow from investing activities | 400.00 | 300.00 |
| Cash paid for purchasing fixed, intangible and other long-term assets | 3,595,276.67 | 13,498,485.32 |
| Cash paid for investment | ||
| Net increase of mortgaged loans | ||
| Net cash received from subsidiaries and other units obtained |
Other cash paid concerning investing activities
| Other cash paid concerning investing activities | ||
| Subtotal of cash outflow from investing activities | 3,595,276.67 | 13,498,485.32 |
| Net cash flows arising from investing activities | -3,594,876.67 | -13,498,185.32 |
| III. Cash flows arising from financing activities | ||
| Cash received from absorbing investment | ||
| Including: Cash received from absorbing minority shareholders’ investment by subsidiaries | ||
| Cash received from loans | 19,791,474.22 | |
| Other cash received concerning financing activities | ||
| Subtotal of cash inflow from financing activities | 19,791,474.22 | |
| Cash paid for settling debts | 6,598,477.52 | |
| Cash paid for dividend and profit distributing or interest paying | 499,511.45 | 305,421.03 |
| Including: Dividend and profit of minority shareholder paid by subsidiaries | ||
| Other cash paid concerning financing activities | ||
| Subtotal of cash outflow from financing activities | 7,097,988.97 | 305,421.03 |
| Net cash flows arising from financing activities | -7,097,988.97 | 19,486,053.19 |
| IV. Influence on cash and cash equivalents due to fluctuation in exchange rate | ||
| V. Net increase of cash and cash equivalents | 3,926,036.40 | -1,115,933.59 |
| Add: Balance of cash and cash equivalents at the period-begin | 2,924,459.75 | 7,422,939.89 |
| VI. Balance of cash and cash equivalents at the period-end | 6,850,496.15 | 6,307,006.30 |
(ii) Explanation on financial statement adjustment
1. Financial statement adjustment at the beginning of the first year when implementation of new leasingstandards from 2021
√ Applicable □Not applicable
Whether to adjust the balance sheet account at the beginning of the year
□Yes √No
Explain why it is not necessary to adjust the balance sheet accounts at the beginning of the yearIt is the first time to implement the new leasing standard, and relevant leasing business of the Company does not involve relateditems of financial statements at beginning of the year.
2. Retrospective adjustment of the comparative data for initial implementation of new leasing standardsfrom 2021
□ Applicable √ Not applicable
(iii) Audit report
Whether the 3
rdquarterly report has been audited or not
□Yes √ No
The 3
rd
quarterly report of the Company has not been audited.
Board of Directors ofHainan Dadonghai Tourism Centre (Holdings) Co., Ltd.
October 21, 2021