大东海B:2021年第一季度报告全文(英文版)

  司公限有份股心中游旅海东大南海                                      2021   文全告报度季一第年
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.




         The First Quarterly Report 2021
                    (Full Text)




                             Disclosure Date: 24 April 2021
    司公限有份股心中游旅海东大南海                                2021   文全告报度季一第年

                               Section I. Important Notice

Board of Directors and the Supervisory Committee of Hainan Dadonghai
Tourism Centre (Holdings) Co., Ltd. (hereinafter referred to as the Company)
and its directors, supervisors and senior executives should guarantee the reality,
accuracy and completion of the quarterly report, there are no any fictitious
statements, misleading statements or important omissions carried in this report,
and shall take legal responsibilities, individual and/or joint.
All Directors are attended the Board Meeting for Quarterly Report deliberation.
Yuan Xiaoping, Person in charge of the Company, Fu Zongren, person in charge
of accounting works and Fu Zongren, person in charge of accounting organ
(accounting officer) hereby confirm that the Financial Report of this Quarterly
Report is authentic, accurate and complete.




                                            2
         司公限有份股心中游旅海东大南海                                                                     2021   文全告报度季一第年

                                   Section II. Company Information

I. Main accounting data and financial indexes

Whether it has retroactive adjustment or re-statement on previous accounting data or not
□ Yes √No

                                                                       Current        Same period       Changes of this period over same
                                                                       Period          of last year                period of last year
Operating income (RMB)                                            8,054,448.89         3,428,913.73                                    134.90%
Net profit attributable to shareholders of the listed company
                                                                  1,004,933.52        -2,490,007.13                                    140.36%
(RMB)
Net profit attributable to shareholders of the listed company
                                                                    836,723.88        -2,520,079.94                                    133.20%
after deducting non-recurring gains and losses (RMB)

Net cash flow arising from operating activities (RMB)             5,054,131.04        -1,481,073.35                                    441.25%
Basic earnings per share (RMB/Share)                                      0.0028            -0.0068                                    140.59%
Diluted earnings per share (RMB/Share)                                    0.0028            -0.0068                                    140.59%
Weighted average ROE                                                       1.49%             -3.22%                                      4.71%

                                                                  At the end of
                                                                                      At the end of     Changes of this period-end over
                                                                  the reporting
                                                                                        last year           same period-end of last year
                                                                       period
Total assets (RMB)                                               96,387,740.74        97,441,339.20                                      -1.08%
Net assets attributable to shareholder of listed company
                                                                 67,923,648.51        66,918,714.99                                      1.50%
(RMB)

Items and amounts of extraordinary profit (gains)/loss
√Applicable   □ Not applicable
                                                                                                                                       In RMB

                                                                                   Amount from the year-begin
                                    Item                                                                                        Note
                                                                                        to the period-end

 Governmental subsidy calculated into current gains and losses(while
 closely related with the normal business of the Company, excluding the
                                                                                           164,457.31                 Government discount
 fixed-amount or fixed-proportion governmental subsidy according to the
 unified national standard)
 Other non-operating income and expenditure except for the
                                                                                            3,752.33
 aforementioned items

 Total                                                                                     168,209.64                             --

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


                                                                   3
       司公限有份股心中游旅海东大南海                                                                  2021       文全告报度季一第年
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
In reporting period, the Company has no particular about items defined as recurring profit (gain)/loss according to the lists of
extraordinary profit (gain)/loss in Q&A Announcement No.1 on Information Disclosure for Companies Offering Their Securities to
the Public --- Extraordinary Profit/loss


II. Total number of shareholders at the end of this report period and top ten shareholders

1. Common and preferred stockholders with voting rights recover and the top ten share-holding

                                                                                                                               In Share

Total common shareholders at the                         Total preferred stockholders with voting rights
                                              40,973                                                                                     0
end of report period                                     recover at the end of report period

                                                           Top ten shareholders

                                                                                                      Amount           Number of share
                                                                                                            of          pledged/frozen
                                                                          Proportion    Amount of
                                                          Nature of
                Shareholder’s name                                        of shares                  restricted      State
                                                         shareholder                    shares held
                                                                             held
                                                                                                       shares           of      Amount
                                                                                                           held       share

                                                       Domestic
Luoniushan Co., Ltd.                                   non-state-owned       17.55%     63,885,980                0   Pledge   44,720,186
                                                       legal person

                                                       Domestic nature
Yang Meiqin                                                                   4.47%     16,279,028                0
                                                       person

                                                       Domestic nature
Pan Anjie                                                                     4.01%     14,593,598                0
                                                       person

                                                       Domestic
Hainan Ya An Ju Property Service Co., Ltd.             non-state-owned        2.25%      8,205,800                0
                                                       legal person

                                                       Domestic nature
Chen Jinlian                                                                  2.13%      7,766,400                0
                                                       person

                                                       Domestic nature
Hu Jing                                                                       2.13%      7,740,300                0
                                                       person

                                                       Domestic nature
Pan Aiping                                                                    1.13%      4,110,738                0
                                                       person

                                                       Domestic nature
Zhang Fengxiu                                                                 0.84%      3,041,372                0
                                                       person

                                                       Overseas legal
Shenwan Hongyuan (H.K.) Limited                                               0.81%      2,938,390                0
                                                       person


                                                                      4
       司公限有份股心中游旅海东大南海                                                                2021   文全告报度季一第年
                                                   Domestic nature
Liu Xihua                                                                  0.70%      2,551,500             0
                                                   person

                                         Top ten shareholders with unrestricted shares held

                                                    Amount of unlimited                           Type of shares
               Shareholder’s name
                                                         shares held                          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

Hu Jing                                                        7,740,300    RMB common share                             7,740,300

Pan Aiping                                                     4,110,738    Domestically listed foreign share            4,110,738

Zhang Fengxiu                                                  3,041,372    RMB common share                             3,041,372

Shenwan Hongyuan (H.K.) Limited                                2,938,390    Domestically listed foreign share            2,938,390

Liu Xihua                                                      2,551,500    RMB common share                             2,551,500

                                                   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
Explanation on associated relationship among
                                                   Company is unknown whether there exists associated relationship or belongs to
the aforesaid shareholders
                                                   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
                                                   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.

2. Total shareholders with preferred stock held at Period-end and shares held by top ten shareholders with
preferred stock held
□ Applicable √ Not applicable




                                                                   5
      司公限有份股心中游旅海东大南海                                2021   文全告报度季一第年
                                  Section III. Significant Events

I. Particulars about material changes in items of main accounting statement and financial
index and explanations of reasons

√Applicable   □Not applicable




                                               6
         司公限有份股心中游旅海东大南海                                                             2021   文全告报度季一第年

                                                 Number of
                                                                  +.- Changes
Items of balance sheets           Current period beginning of                 Reasons
                                                                  ratio
                                                 the year
                                                                              Mainly due to the recovery of the tourism market after the
Monetary funds                    4,247,904.92     2,924,459.75   45.25%      epidemic in the reporting period and the substantial increase
                                                                              in operating income cash
                                                                              Mainly due to the increase in customer accounts pending
Other receivables                 668,692.76       432,560.55     54.59%
                                                                              settlement
                                                                              Mainly due to the increase in sales advance receipts during
Contract liabilities              1,674,543.76     626,285.33     167.38%
                                                                              the reporting period
Non-current liabilities due                                                   Mainly due to the repayment of loan principal and interest
                                  3,322,259.24     6,621,497.94   -49.83%
within one year                                                               during the reporting period
                                                                              Mainly due to the increase in sales advance receipts during
Other current liabilities         100,472.63       37,577.12      167.38%
                                                                              the reporting period
                                                   Same period of +.- Changes
Items of profit statement         Current period                              Reasons
                                                   last year      ratio
                                                                              Mainly due to the outbreak of the epidemic in the same
Operating income                  8,054,448.89     3,428,913.73   134.90%
                                                                              period last year and the sharp drop in operating income
                                                                              Mainly due to the outbreak of the epidemic in the same
Taxes and surcharges              163,797.12       6,057.92       2603.85%    period last year and the government's tax reduction and
                                                                              exemption
                                                                              Mainly due to no loan interest expenses in the same period
Financial expenses                209,227.33       5,503.75       3701.54%
                                                                              last year
                                                                              Mainly due to the increase in accrual credit for VAT input
Other income                      152,101.47       49,202.33      209.13%
                                                                              tax during the reporting period
                                                   Same period of +.- Changes
Items of cash flow statement Current period                                   Reasons
                                                   last year      ratio
Cash received from the sale of 10,023,824.67       4,053,992.13   147.26%     The main reason is that the tourism market has recovered
goods and the provision of                                                    after the epidemic in the reporting period, and the company's
labor services                                                                operations have become increasingly normal. Followed by
                                                                              the outbreak of the epidemic in the same period last year,
                                                                              operating income plummeted.
Other cash received               186,942.13       75,302.86      148.25%     Mainly due to the increase in the recovery of advances on
concerning operating                                                          utility bills during the reporting period.
activities
Cash paid for purchasing        224,263.40         129,060.00     73.77%      Mainly due to the increase in the purchase of fixed assets
fixed assets, intangible assets                                               during the reporting period.
and other long-term assets
Cash paid for debt repayment 3,299,238.76                         100.00%     Mainly due to the repayment of loan principal during the
                                                                              reporting period.
Cash paid for dividend and        207,183.71                      100.00%     Mainly due to the repayment of loan interest during the
profit distributing or interest                                               reporting period.
paying


  II. Progress of important events and its influence as well as the analysis on solutions

  √Applicable    □ Not applicable
  1. The Lawyer’s Letter received by the Company: by preliminary accounting from Sanya Power Bureau, the 10313373 Kwh
  electricity was understated under the name of South China Hotel from July 2006 to April 2016. Found more in “Notice of Lawyer’s
  Letter received by Hainan Dadonghai Tourism Center (Holdings) Co., Ltd.”    (Notice No.: 2016-016) released on Securities Times,
  Hong Kong Commercial Daily and Juchao Website dated 31 May 2016. The Company is still communicating and coordinating with

                                                                   7
         司公限有份股心中游旅海东大南海                                                                    2021   文全告报度季一第年
  Sanya Power Bureau in the above mentioned event, but there is no result at present.
  2. Litigation matters: 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. And the company
  filed a lawsuit in court for the 7.31 million yuan outstanding. The court of first instance ruled against the company’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. The loan in this case was written off in full by the company
  in 2008. Currently, the company is unable to determine the impact of this litigation on the company's current or future profits.
                                                                                                                    Inquiry index for the
                                     Overview                                            Disclosure date
                                                                                                                   announcement released
The Lawyer’s Letter received by the Company: by preliminary accounting from                                   The “Notice of Lawyer’s
Sanya Power Bureau, the 10313373 Kwh electricity was understated under the                                     Letter received by Hainan
name of South China Hotel from July 2006 to April 2016. Found more in “Notice                                 Dadonghai Tourism Center
of Lawyer’s Letter received by Hainan Dadonghai Tourism Center (Holdings)                                     (Holdings)      Co.,     Ltd.”
                                                                                       May 31, 2016
Co., Ltd.” (Notice No.: 2016-016) released on Securities Times, Hong Kong                                     (Notice    No.:     2016-016)
Commercial Daily and Juchao Website dated 31 May 2016. The Company is still                                    released on Securities Times,
communicating and coordinating with Sanya Power Bureau in the above                                            Hong Kong Commercial
mentioned event, but there is no result at present.                                                            Daily and Juchao Website
Hainan Dadonghai Tourism Centre Group Co., Ltd. borrowed 2.76 million yuan
                                                                                                               Announcement              on
and 4.55 million yuan from Hainan Dadonghai Tourism Centre (Holdings) Co.,
                                                                                                               Significant       Litigation
Ltd. on October 16, 1996 and December 26, 1996 respectively. And the company
                                                                                       June 4, 2019,           (Announcement           No.:
filed a lawsuit in court for the 7.31 million yuan outstanding. The court of first
                                                                                       June 13, 2020,          2019-017,        2020-021,
instance ruled against the company’s claim, and the company filed an appeal. The
                                                                                       September       16,     2020-025,        2020-027)
court of second instance ruled to revoke the judgment of first instance, supporting
                                                                                       2020,                   published   by    Securities
the company’s claim. The company has applied for court enforcement, which is
                                                                                       October 22, 2020        Times,      Hong       Kong
still pending. The loan in this case was written off in full by the company in 2008.
                                                                                                               Commercial     Daily    and
Currently, the company is unable to determine the impact of this litigation on the
                                                                                                               www.cninfo.com.cn.
company's current or future profits.
  Progress of implementation of shares repurchases
  □ 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 Period
  from actual controller, shareholders, related parties, purchaser and companies

  √Applicable   □ Not applicable

                                                                                                        Com
                                                                                                                   Comm
                                                                                                        mitm
        Commitments            Accepter     Type                         Contents                                  itment   Implementation
                                                                                                         ent
                                                                                                                   period
                                                                                                        time
                                                     On May 30, 2007, Luoniushan Co., Ltd. made
                                                     commitments in the Company’s "Instructions
                                                     for reform of non-tradable shares" (Revision)
                                                                                                                            The original
                                            Share    and "Instructions for reform of non-tradable
                                                                                                                            plan for major
                               Luoniush     Merg     shares" (Abstract of revision) that in view of     June       6
                                                                                                                            assets
    Share Merger Reform        an Co.,      er       Dadonghai Company’s losses in successive          27,        month
                                                                                                                            reorganization
                               Ltd.         Refor    years and on the verge of delisting, in order to   2017       s
                                                                                                                            has been
                                            m        reverse the company's business difficulties,
                                                                                                                            terminated
                                                     improve profitability and recover the
                                                     continuous business capacity, Luoniushan
                                                     Co., Ltd., the controlling shareholder of

                                                                     8
      司公限有份股心中游旅海东大南海                                                                 2021   文全告报度季一第年
                                                  Dadonghai Company made commitments to
                                                  actively seek restructuring parties to
                                                  reorganize the assets of Dadonghai Company
                                                  at the appropriate time.
 Commitments in report
 of acquisition or
 equity change
 Commitments in assets
 reorganization
 Commitments make in
 initial public offering
 or re-financing
 Equity incentive
 commitment
 Other commitments for
 medium and small
 shareholders
 Completed on time
                            N
 (Y/N)
                            Stock of the Company suspended since 15 Feb. 2017 for Luoniushan planning to fulfill the commitments.
                            On 13 August 2017, the 12 proposals including “proposal of major assets acquisition under the name of
                            Hainan Dadonghai Tourism Center Co., Ltd. and Report on Related Transactions (Pre-plan)” are not
                            approved by the 11th extraordinary meeting of 8th BOD. On 15 Aug. 2017, the Company released a Notice
                            to terminate the major assets reorganization and stock resumption on 17 August.
                            On 4 December 2017, the “proposal of Change the commitment period by first majority shareholder” was
                            approved by the Board and supervisory committee. Luoniushan Co., Ltd. –the first majority shareholder of
                            the Company, plans to extend the commitment period for 2 years since 27 Dec. 2017, which is end of the
 If the commitments is      reorganization commitment changed to 26 December 2019. And the 4th extraordinary shareholders general
 not fulfilled on time,     meeting 2017 has approved the above mentioned proposal dated 22 Dec. 2017.
 shall    explain   the     On January 31, 2018, the company received the Notice on Planning for Suspension of Major Events sent
 specify reason and the     by Luoniushan Co., Ltd., the company’s largest shareholder, to plan and prepare the major issues related to
 next work plan             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 no information that should be disclosed but not disclosed.


IV. Financial asset investment

1. Securities investment

□ Applicable   √ Not applicable
No security investment in the Period.


2. Derivative investment

□ Applicable   √ Not applicable

                                                                  9
        司公限有份股心中游旅海东大南海                                                                2021    文全告报度季一第年
No derivative investment in the Period.


V. Progress of investment projects with raised funds

□ Applicable   √ Not applicable


VI. Prediction of business performance from January – June 2021

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. Major contracts for daily operations

√Applicable    □ Not applicable

                                                                                                   Sales revenue
                                                                                        Progres     recognized
                                                                            Total
 Contract                                                                               s of the    during the           Account
                                                        Contract          amount of
     ing                 Counter party                                                  contract   current period       receivable
                                                         object            contract
     party                                                                              perform         and              recovery
                                                                           (Yuan)
                                                                                         ance      cumulatively
                                                                                                      (Yuan)

 The            Haikou Xindecheng Construction         Deduction
 Compan         and Installation Engineering Co.,      of project        2,782,260.00    100%       2462176.99         No balance
 y                             Ltd.                      funds

The significant contract progress is materially different from the contract agreement and affects more than 30% of the contract
amount
□ Applicable √ Not applicable


VIII. Trust financing

□ Applicable   √ Not applicable
No trust financing in the Period.


IX. Guarantee outside against the regulation

□Applicable √Not applicable
The Company had no guarantee outside against the regulation in the period.


X. Non-operational fund occupation from controlling shareholders and its related party

□ Applicable √ Not applicable
The Company had no non-operational fund occupation form controlling shareholders and its related party in the period.

                                                                    10
        司公限有份股心中游旅海东大南海                                                                  2021   文全告报度季一第年
 XI. Registration form for receiving research, communication and interview in the report
 period

 √ Applicable □ Not applicable
                     Recepti                   Type                                                                                Index for
                       on                       of                                                                                     the
      Date                          Method                 Object               Main content and information provided
                     locatio                  investo                                                                              interview
                        n                        rs                                                                               and research
                                   Telephon
                    The                                 Investor         Consultation on the impact of the new delisting
                                   e          Individ
January 6, 2021     Compa                               Mr./Ms.          regulations on the company, etc., and without            -
                                   communi    ual
                    ny                                  Wang             material required
                                   cation
                                   Telephon
                    The                                                  Inquiry about the impact of the covid-19 on the
                                   e          Individ   Investor
January 26, 2021    Compa                                                company's 2020 performance and other issues, and         -
                                   communi    ual       Mr./Ms. Wu
                    ny                                                   without material required
                                   cation
                                   Telephon
                    The
                                   e          Individ   Investor         Asking about the operation performance of 2020 and
January 26, 2021    Compa                                                                                                         -
                                   communi    ual       Mr./Ms. Hu       time of released, and without material required
                    ny
                                   cation
                                   Telephon
                    The
                                   e          Individ   Investor         Consultation on issues related to the fulfillment of
March 9, 2021       Compa                                                                                                         -
                                   communi    ual       Mr./Ms. Lin      share merger reform, and without material required
                    ny
                                   cation
                                   Telephon
                    The
                                   e          Individ   Investor         Consult the new delisting regulations and other
March 23, 2021      Compa                                                                                                         -
                                   communi    ual       Mr./Ms. Gu       issues, and without material required
                    ny
                                   cation
                                   Telephon
                    The
                                   e          Individ   Investor         Consult the company’s operations in the first quarter
March 30, 2021      Compa                                                                                                         -
                                   communi    ual       Mr./Ms. Liu      and other issues, and without material required
                    ny
                                   cation




                                                                    11
      司公限有份股心中游旅海东大南海                                                  2021   文全告报度季一第年

                                         Section IV. Financial Statement

I. Financial statement

1. Balance sheet


Prepared by HAINAN DADONGHAI TOURISM CENTRE (HOLDINGS) CO., LTD.
                                                    March 31, 2021
                                                                                                           In RMB

                                    Item                             March 31, 2021               March 31, 2020

 Current assets:

      Monetary fund                                                          4,247,904.92                 2,924,459.75

      Settlement provisions

      Capital lent

      Trading financial assets

      Derivative financial assets

      Note receivable

      Account receivable                                                      382,345.93                    429,303.32

      Receivable financing

      Accounts paid in advance

      Insurance receivable

      Reinsurance receivables

      Contract reserve of reinsurance receivable

      Other account receivable                                                668,692.76                    432,560.55

        Including: Interest receivable

                   Dividend receivable

      Buying back the sale of financial assets

      Inventories                                                            1,958,642.78                 2,009,928.83

       Contractual assets

      Assets held for sale

      Non-current asset due within one year

      Other current assets                                                   3,814,228.26                 3,977,452.24

 Total current assets                                                       11,071,814.65                 9,773,704.69

 Non-current assets:


                                                         12
     司公限有份股心中游旅海东大南海                           2021   文全告报度季一第年
     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                          7,316,802.42                 7,435,433.31

     Fixed assets                                   33,850,214.24                34,694,023.75

     Construction in progress

     Productive biological asset

     Oil and gas asset

      Right-of-use assets

     Intangible assets                              20,377,377.93                20,580,474.72

     Expense on Research and Development

     Goodwill

     Long-term expenses to be apportioned           23,771,531.50                24,957,702.73

     Deferred income tax asset

     Other non-current asset

Total non-current asset                             85,315,926.09                87,667,634.51

Total assets                                        96,387,740.74                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                                  966,441.49                   808,710.46

     Accounts received in advance

      Contractual liability                          1,674,543.76                  626,285.33

     Selling financial asset of repurchase

     Absorbing deposit and interbank deposit

     Security trading of agency


                                               13
     司公限有份股心中游旅海东大南海                                 2021   文全告报度季一第年
     Security sales of agency

     Wage payable                                          2,594,440.96                 2,595,861.40

     Taxes payable                                          384,017.68                   366,892.96

     Other account payable                                 6,123,880.83                 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           3,322,259.24                 6,621,497.94

     Other current liabilities                              100,472.63                     37,577.12

Total current liabilities                                 15,166,056.59                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                                         28,464,092.23                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


                                                    14
      司公限有份股心中游旅海东大南海                                           2021   文全告报度季一第年
      Other comprehensive income

      Reasonable reserve

      Surplus public reserve

      Provision of general risk

      Retained profit                                              -350,319,201.50              -351,324,135.02

 Total owner’ s equity attributable to parent company               67,923,648.51                66,918,714.99

      Minority interests

 Total owner’ s equity                                              67,923,648.51                66,918,714.99

 Total liabilities and owner’ s equity                              96,387,740.74                97,441,339.20


Legal Representative: Yuan Xiaoping


Person in charge of accounting works: Fu Zongren


Person in charge of accounting institute: Fu Zongren


2. Balance Sheet of Parent Company


                                                                                                     In RMB

                                    Item                      March 31, 2021               March 31, 2020

 Current assets:

      Monetary funds                                                  4,247,198.75                 2,923,474.26

      Trading financial assets

      Derivative financial assets

      Note receivable

      Account receivable                                               382,345.93                    429,303.32

      Receivable financing

      Accounts paid in advance

      Other account receivable                                         668,692.76                    432,560.55

         Including: Interest receivable

                     Dividend receivable

      Inventories                                                     1,958,642.78                 2,009,928.83

      Contractual assets

      Assets held for sale

      Non-current assets maturing within one year

      Other current assets                                            3,814,228.26                 3,977,452.24



                                                         15
     司公限有份股心中游旅海东大南海                         2021   文全告报度季一第年
Total current assets                              11,071,108.48                 9,772,719.20

Non-current assets:

     Debt investment

     Other debt investment

     Long-term receivables

     Long-term equity investments                  1,000,000.00                 1,000,000.00

     Investment in other equity instrument

     Other non-current financial assets

     Investment real estate                        7,316,802.42                 7,435,433.31

     Fixed assets                                 33,850,214.24                34,694,023.75

     Construction in progress

     Productive biological assets

     Oil and natural gas assets

     Right-of-use assets

      Intangible assets                           20,377,377.93                20,580,474.72

     Research and development costs

     Goodwill

     Long-term deferred expenses                  23,771,531.50                24,957,702.73

     Deferred income tax assets

     Other non-current assets

Total non-current assets                          86,315,926.09                88,667,634.51

Total assets                                      97,387,034.57                98,440,353.71

Current liabilities

     Short-term borrowings

     Trading financial liability

     Derivative financial liability

     Notes payable

     Account payable                                966,441.49                   808,710.46

     Accounts received in advance

     Contractual liability                         1,674,543.76                  626,285.33

     Wage payable                                  2,594,440.96                 2,595,861.40

     Taxes payable                                  384,017.68                   366,892.96

     Other accounts payable                        7,123,349.53                 7,167,232.06

        Including: Interest payable


                                             16
     司公限有份股心中游旅海东大南海                                 2021   文全告报度季一第年
                Dividend payable

     Liability held for sale

     Non-current liabilities due within one year          3,322,259.24                  6,621,497.94

     Other current liabilities                              100,472.63                     37,577.12

Total current liabilities                                16,165,525.29                 18,224,057.27

Non-current liabilities:

     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 employee compensation payable

     Accrued liabilities                                  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                                        29,463,560.93                 31,522,092.91

Owners’ 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

     Special reserve

     Surplus reserve

     Retained profit                                    -350,319,376.37              -351,324,589.21

Total owner’s equity                                    67,923,473.64                 66,918,260.80

Total liabilities and owner’s equity                    97,387,034.57                 98,440,353.71




                                                   17
      司公限有份股心中游旅海东大南海                                                        2021   文全告报度季一第年
3. Consolidated Profit Statement


                                                                                                                   In RMB

                                   Item                                   Current period                  Last period

 I. Total operating income                                                        8,054,448.89                   3,428,913.73

      Including: Operating income                                                 8,054,448.89                   3,428,913.73

              Interest income

              Insurance gained

              Commission charge and commission income

 II. Total operating cost                                                         7,205,369.17                   5,948,993.67

      Including: Operating cost                                                   3,759,951.89                   2,918,770.59

              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                                                        163,797.12                          6,057.92

              Sales expense                                                       1,288,520.46                   1,141,749.32

              Administrative expense                                              1,783,872.37                   1,876,912.09

              R&D expense

              Financial expense                                                     209,227.33                          5,503.75

                 Including: Interest expenses                                       194,827.93

                             Interest income                                          2,274.19                          1,609.47

      Add: other income                                                             152,101.47                      49,202.33

           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 “-”)


                                                                     18
     司公限有份股心中游旅海东大南海                                                    2021   文全告报度季一第年
           Losses of devaluation of asset (Loss is listed with “-”)

           Income from assets disposal (Loss is listed with “-”)

III. Operating profit (Loss is listed with “-”)                            1,001,181.19                 -2,470,877.61

     Add: Non-operating income                                                  3,752.33

     Less: Non-operating expense                                                                             19,129.52

IV. Total profit (Loss is listed with “-”)                                 1,004,933.52                 -2,490,007.13

     Less: Income tax expense

V. Net profit (Net loss is listed with “-”)                                1,004,933.52                 -2,490,007.13

  (i) Classify by business continuity

     1.continuous operating net profit (net loss listed with ‘-”)          1,004,933.52                 -2,490,007.13

     2.termination of net profit (net loss listed with ‘-”)

  (ii) Classify by ownership

     1.Net profit attributable to owner’s of parent company                 1,004,933.52                 -2,490,007.13

     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



                                                                        19
      司公限有份股心中游旅海东大南海                                                               2021   文全告报度季一第年
             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                                                       1,004,933.52                    -2,490,007.13

        Total comprehensive income attributable to owners of parent
                                                                                       1,004,933.52                    -2,490,007.13
 Company

      Total comprehensive income attributable to minority
 shareholders

 VIII. Earnings per share:

       (i) Basic earnings per share                                                            0.0028                          -0.0068

      (ii) Diluted earnings per share                                                          0.0028                          -0.0068

Enterprise combine under the same control in the Period, the combined party realized net profit of 0 Yuan before combination, and
realized 0 Yuan at last period for combined party


Legal Representative: Yuan Xiaoping


Person in charge of accounting works: Fu Zongren


Person in charge of accounting institute: Fu Zongren


4. Profit Statement of Parent Company


                                                                                                                         In RMB

                                   Item                                       Current period                    Last period

 I. Operating income                                                                  8,054,448.89                     3,428,913.73

      Less: Operating cost                                                            3,759,951.89                     2,918,770.59

           Taxes and surcharge                                                          163,797.12                            6,057.92

           Sales expenses                                                             1,288,520.46                     1,141,749.32

           Administration expenses                                                    1,783,872.37                     1,876,712.09

           R&D expenses

           Financial expenses                                                           208,948.01                            5,387.29

                Including: interest expenses                                            194,827.93

                         Interest income                                                  2,273.51                            1,595.93

      Add: other income                                                                 152,101.47                        49,202.33

           Investment income (Loss is listed with “-”)



                                                                  20
      司公限有份股心中游旅海东大南海                                                   2021   文全告报度季一第年
           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 “-”)

           Net exposure hedging income (Loss is listed with “-”)

           Changing income 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 on disposal of assets (Loss is listed with “-”)

II. Operating profit (Loss is listed with “-”)                             1,001,460.51                 -2,470,561.15

     Add: Non-operating income                                                  3,752.33

     Less: Non-operating expense                                                                             19,129.52

III. Total Profit (Loss is listed with “-”)                                1,005,212.84                 -2,489,690.67

     Less: Income tax

IV. Net profit (Net loss is listed with “-”)                               1,005,212.84                 -2,489,690.67

     (i) continuous operating net profit (net loss listed with ‘-”)        1,005,212.84                 -2,489,690.67

     (ii) termination of net profit (net loss listed with ‘-”)

V. Net after-tax of other comprehensive income

     (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


                                                                        21
      司公限有份股心中游旅海东大南海                                                            2021   文全告报度季一第年
             6.Translation differences arising on translation of foreign
 currency financial statements

             7.Other

 VI. Total comprehensive income                                                    1,005,212.84                    -2,489,690.67

 VII. Earnings per share:

       (i) Basic earnings per share                                                         0.0028                         -0.0068

      (ii) Diluted earnings per share                                                       0.0028                         -0.0068


5. Consolidated 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
                                                                                 10,023,824.67                      4,053,992.13
 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

      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                           186,942.13                         75,302.86

 Subtotal of cash inflow arising from operating activities                       10,211,335.73                      4,129,294.99

      Cash paid for purchasing commodities and receiving labor
                                                                                  1,878,989.82                      1,647,038.26
 service

      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



                                                                  22
     司公限有份股心中游旅海东大南海                                                2021   文全告报度季一第年
         Cash paid for bonus of guarantee slip

     Cash paid to/for staff and workers                                  2,506,233.86                 3,154,016.90

     Taxes paid                                                           244,241.66                    229,689.86

     Other cash paid concerning operating activities                      527,739.35                    579,623.32

Subtotal of cash outflow arising from operating activities               5,157,204.69                 5,610,368.34

Net cash flows arising from operating activities                         5,054,131.04                 -1,481,073.35

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
                                                                                                            300.00
long-term assets

     Net cash received from disposal of subsidiaries and other units

     Other cash received concerning investing activities

Subtotal of cash inflow from investing activities                                                           300.00

     Cash paid for purchasing fixed, intangible and other long-term
                                                                          224,263.40                    129,060.00
assets

     Cash paid for investment

     Net increase of mortgaged loans

     Net cash received from subsidiaries and other units obtained

     Other cash paid concerning investing activities

Subtotal of cash outflow from investing activities                        224,263.40                    129,060.00

Net cash flows arising from investing activities                         -224,263.40                   -128,760.00

III. Cash flows arising from financing activities

     Cash received from absorbing investment

         Including: Cash received from absorbing minority
shareholders’ investment by subsidiaries

     Cash received from loans

     Other cash received concerning financing activities

Subtotal of cash inflow from financing activities

     Cash paid for settling debts                                        3,299,238.76

     Cash paid for dividend and profit distributing or interest paying    207,183.71

     Including: Dividend and profit of minority shareholder paid by
subsidiaries

     Other cash paid concerning financing activities

Subtotal of cash outflow from financing activities                       3,506,422.47


                                                                 23
      司公限有份股心中游旅海东大南海                                                       2021   文全告报度季一第年
 Net cash flows arising from financing activities                               -3,506,422.47

 IV. Influence on cash and cash equivalents due to fluctuation in
 exchange rate

 V. Net increase of cash and cash equivalents                                   1,323,445.17                  -1,609,833.35

      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                    4,247,904.92                   5,813,106.54


6. Cash Flow Statement of Parent Company


                                                                                                                 In RMB

                                   Item                                  Current period                 Last period
 I. Cash flows arising from operating activities:
      Cash received from selling commodities and providing labor
                                                                               10,023,824.67                   4,053,992.13
 services
      Write-back of tax received                                                      568.93
      Other cash received concerning operating activities                         186,941.45                      75,289.32
 Subtotal of cash inflow arising from operating activities                     10,211,335.05                   4,129,281.45
      Cash paid for purchasing commodities and receiving labor
                                                                                1,878,989.82                   1,647,038.26
 service
      Cash paid to/for staff and workers                                        2,506,233.86                   3,154,016.90
      Taxes paid                                                                  244,241.66                     229,689.86
      Other cash paid concerning operating activities                             527,459.35                     579,293.32
 Subtotal of cash outflow arising from operating activities                     5,156,924.69                   5,610,038.34
 Net cash flows arising from operating activities                               5,054,410.36                  -1,480,756.89
 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
                                                                                                                       300.00
 long-term assets
      Net cash received from disposal of subsidiaries and other units
      Other cash received concerning investing activities
 Subtotal of cash inflow from investing activities                                                                     300.00
      Cash paid for purchasing fixed, intangible and other long-term
                                                                                  224,263.40                     129,060.00
 assets
      Cash paid for investment
      Net cash received from subsidiaries and other units obtained
      Other cash paid concerning investing activities
 Subtotal of cash outflow from investing activities                               224,263.40                     129,060.00
 Net cash flows arising from investing activities                                -224,263.40                    -128,760.00
 III. Cash flows arising from financing activities
      Cash received from absorbing investment



                                                                    24
      司公限有份股心中游旅海东大南海                                                               2021   文全告报度季一第年
      Cash received from loans
      Other cash received concerning financing activities
 Subtotal of cash inflow from financing activities
      Cash paid for settling debts                                                      3,299,238.76
      Cash paid for dividend and profit distributing or interest paying                  207,183.71
      Other cash paid concerning financing activities
 Subtotal of cash outflow from financing activities                                     3,506,422.47
 Net cash flows arising from financing activities                                      -3,506,422.47
 IV. Influence on cash and cash equivalents due to fluctuation in
 exchange rate
 V. Net increase of cash and cash equivalents                                           1,323,724.49                  -1,609,516.89
      Add: Balance of cash and cash equivalents at the period -begin                    2,923,474.26                  7,421,452.59
 VI. Balance of cash and cash equivalents at the period -end                            4,247,198.75                  5,811,935.70


II. Explanation on financial statement adjustment

1. Financial statement adjustment at the beginning of the first year when implementation of new leasing rules
from 2021


□Applicable √Not applicable


2. Retrospective adjustment of the comparative data for initial new leasing rules from 2021


□Applicable √Not applicable


III. Audit report

Whether the 1st quarterly report has been audited or not
□Yes √ No
The 1st quarterly report of the Company was unaudited.




                                                HAINAN DADONGHAI TOURISM CENTRE (HOLDINGS) CO., LTD.

                                                                         Chairman: Yuan Xiaoping

                                                                             22 April 2021




                                                                    25

关闭窗口