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*ST东海B:2017年年度报告摘要(英文版)

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海南大东海旅游中心股份有限公司                 2017 年年度报告摘要

Stock Code: 000613, 200613     Short Form of the Stock: *ST Donghai-A, *ST Donghai-B

No: 2018-009

海南大东海旅游中心股份有限公司

Hainan Dadonghai Tourism Centre         (Holdings)   Co., Ltd.

Summary of Annual Report 2017

Disclosure Date: 1 February 2018

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海南大东海旅游中心股份有限公司                               2017 年年度报告摘要

Hainan Dadonghai Tourism Centre (Holdings) Co., Ltd.

Summary of Annual Report 2017

I. Important Notice

The summary is abstract from full-text of annual report, for more details of operating results, financial condition and future

development plan of the Company; investors should found in the full-text of annual report that published on media appointed by

CSRC.

Objection statement of directors, supervisors and senior executives

□ Applicable   √ Not applicable

.Prompt of non-standard audit opinion

□ Applicable   √ Not applicable

Profit distribution pre-plan of common stock or capitalizing of common reserves pre-plan deliberated by the Board in the reporting

period

□ Applicable   √ Not applicable

The Company has no plans of cash dividend distributed, no bonus shares and has no share converted from capital reserve.

Profit distribution pre-plan of preferred stock deliberated and approved by the Board in the reporting period

□ Applicable   √ Not applicable

II. Basic information of the company

1. Company profile

Short form of the stock        *ST Donghai-A ,

Stock code         000613, 200613

*ST Donghai-B

Stock exchange for listing       Shenzhen Stock Exchange

Person/Way to contact         Secretary of the Board           Rep. of security affairs

Name                 Wang Hongjuan

Office add.              Dadonghai Sanya

Fax.                 0898-88214998

Tel.                 0898-88219921

E-mail                 hnddhhn@21cn.com

2. Main business or product introduction in the reporting period

The Company's main business is hotel accommodation and catering services. Procurement of goods is mainly the

goods and materials necessary for hotel and catering operations by taking the principle of low price and fine

quality, some goods are purchased by directly signing purchase contracts with suppliers, and some good are

purchased by procurement agents. The operation are mainly including the network billing and overseas travel

agency team, and supplemented by the individual travelers of non-internet marketing and business and the tourists

from travel agencies. The hotel is located at the central zone of Dadonghai scenic spot in Sanya City, Hainan

Province, and it has become a member of the nationwide famous hotels because of the convenient transportation,

beautiful environment, long history, and rich culture. However, in recent years, the local high-, middle- and

low-grade hotels or guesthouses numerously emerge, resulting in the supply much larger than the market demand,

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海南大东海旅游中心股份有限公司                                      2017 年年度报告摘要

the industry competition is rather fierce, and the pressure of decline in business remains.

3. Main accounting data and financial indexes

(1) Main accounting data and financial indexes for recently three years

Whether it has retroactive adjustment or re-statement on previous accounting data

□Yes √ No

In RMB

2017             2016       Changes over last year     2015

Operating income              27,906,564.23         21,708,883.51           28.55%     15,885,922.90

Net  profit attributable to

shareholders  of the listed        2,858,998.66         -2,661,052.49           207.44%     -7,477,866.40

company

Net  profit  attributable to

shareholders of the listed

779,389.74       -4,072,689.97           119.14%     -9,474,005.29

company   after   deducting

non-recurring gains and losses

Net cash flow arising from

5,127,288.47         2,766,372.02           85.34%     -1,745,526.28

operating activities

Basic earnings per share

0.0079           -0.0073          208.22%       -0.0205

(RMB/Share)

Diluted earnings per share

0.0079           -0.0073          208.22%       -0.0205

(RMB/Share)

Weighted average ROE                 3.78%           -3.52%           207.39%       -9.27%

Changes over end of

End of 2017         End of 2016                     End of 2015

last year

Total assets                87,466,661.80        105,444,153.63           -17.05%    104,887,596.60

Net assets attributable to

77,135,414.10         74,276,415.44            3.85%     76,937,467.93

shareholder of listed company

(2) Quarterly main financial index

In RMB

Fourth

First quarter   Second quarter    Third quarter

quarter

Operating income                         9,383,454.29     5,712,819.13    5,239,573.04   7,570,717.77

Net profit attributable to shareholders of the listed

2,410,257.23     -691,003.43     -1,478,166.83   2,617,911.69

company

Net profit attributable to shareholders of the listed

2,410,257.23     -691,003.43     -1,478,166.83   538,302.77

company after deducting non-recurring gains and losses

Net cash flow arising from operating activities          2,609,325.33       621,747.77   -917,735.98   2,813,951.35

Whether there are significant differences between the above-mentioned financial index or its total number and the relevant financial

index disclosed in the company’s quarterly report and semi-annual report

□Yes √ No

4. Shares and shareholders

(1) Particulars about common stock shareholders, preference shareholders with voting rights recovered and

top ten shareholders

In Share

Total common    21,624 Total common stock      21,6   Total preference       0   Total preference         0

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海南大东海旅游中心股份有限公司                                  2017 年年度报告摘要

stock            shareholders at end of    24  shareholders with       shareholders with voting

shareholders in       last month before         voting rights         rights recovered at end of

reporting          annual report disclosed       recovered at end of       last month before annual

period-end                           reporting period        report disclosed

Top ten shareholders

Proporti                     Number of shares

Amount of

Nature of     on of     Amount of             pledged/frozen

Full name of Shareholders                                restricted

shareholder     shares     shares held            State of Amo

shares held

held                       share   unt

Domestic non

Luoniushan Co., Ltd.           state-owned      17.55%      63,885,980         0

corporate

Domestic nature

Pan Guoping                             8.48%     30,879,791         0

person

HGNH International Asset

Foreign

Management Co., Ltd – customer                   2.29%     8,327,502         0

corporate

deposit

Foreign

First Shanghai Securities Limited                  2.28%     8,297,473         0

corporate

Domestic non

Hainan Ya’an Residence Property

state-owned        2.25%     8,205,800         0

Service Co., Ltd.

corporate

Domestic nature

Jiang Shuntou                            1.80%     6,570,600         0

person

Domestic nature

Hu Jianguo                             1.71%     6,227,640         0

person

Domestic non

Wan Hua Tianzhi Investment and

state-owned        1.45%     5,277,400         0

Development Co., Ltd.

corporate

China Investment Securities (HK) Co.,   Foreign

1.30%     4,722,300         0

Ld. – customer deposit         corporate

Domestic nature

Zhang Fengxiu                            1.07%     3,901,372         0

person

Among the above shareholders, Hainan Ya’an Residence Property

Service Co., Ltd. is the wholly-owned subsidiary of Luoniushan

Co., Ltd. The Company is unknown whether there exists

Explanation on associated relationship among the aforesaid

associated relationship or belongs to the consistent actor regulated

shareholders

by the Management Measure of Information Disclosure on

Change of Shareholding for Listed Company among the other

shareholders.

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海南大东海旅游中心股份有限公司                             2017 年年度报告摘要

Explanation on shareholders involving margin business     N/A

(2) Total preferred stock shareholders of the Company and shares held by top ten shareholders with

preferred stock held

□ Applicable √ Not applicable

The Company had no shareholders with preferred stock held in the reporting.

(3) Property right and controlling relationships between the actual controllers of the Company and the

Company is as follows:

5. Corporate bonds

Whether or not the Company public offering corporation bonds in stock exchange, which undue or without payment in full at

maturity on the approval date for annual report disclosed

No

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海南大东海旅游中心股份有限公司                             2017 年年度报告摘要

III. Discussion and analysis of operation

1. Introduction of operation in the reporting period

Whether the company needs to comply with the disclosure requirements of the particular industry

No

During the reporting period, the company realized main business income of 27,906,600 Yuan, increased by

6,197,700 Yuan compared with the same period last year, an increase of 28.55%; investment income of 805,800

Yuan, decreased by 585,100 Yuan compared with the same period last year, an decrease of 42.70%; operating

profit of 1,585,200 Yuan, increased by 4,267,000 Yuan compared with the same period last year, an increase of

159.11%; net non-operating income of 1,273,800 Yuan, increased by 1,253,100 Yuan compared with the same

period last year, an increase of 6053.62%; net profit of 2,859,000 Yuan, increased by 5,520,100 Yuan compared

with the same period last year, an increase of 207.44%.

During the reporting period, the Company focus on market-oriented and use marketing strategy in a flexible way

to exploited the sales channel, meanwhile, strengthening enterprise culture construction as well as the employee

team-building, making efforts to improve product’s quality, strictly controlling the cost management, perfect the

Company’s internal control system in order to reduce the risks and consumptions for more income earns and less

expenditure costs, we completed the operation targets that formulated at beginning of the year basically. Main

works are as:

1. Market-oriented, use marketing strategy in a flexible way to exploit the sales channel

During the reporting period, the Company actively expanded the network market, the Russian market and the

southwest, north, east and southern China markets in addition to further consolidating its existing customer bases

oriented by markets with flexible utilization of marketing strategies. Besides, increasing cooperation was made

by the Company with domestic and foreign well-known travel agencies, sales network platforms and direct-sale

travel agencies in the first and second tier cities. The Company also conducted implementation of sales

incentives and sales mechanism involving every staff, to increase the market share in terms of sales. During the

reporting period, the revenue of the Company from overseas sales, network sales, meeting teams and individual

visitors from travel agencies   increased significantly over the same period of last year. The revenue from its

major operating business was RMB27.9066 million, representing a year-on-year increase of 28.55% as compared

to the revenue of RMB6.1977 million of previous year.

2. People-oriented, strengthen the enterprise with high-quality, strive to improve product quality and enhance the

competitive-ness of enterprises

In reporting period, in line with the Human-Oriented employment ideality, we continuously enriched the culture

life for employees, create a harmonious working environment and strengthen the construction of enterprise culture

and staff-building. At the same time, create new management mechanism, motivate and mobilized the enthusiasm,

initiative and creativity of the staff. Based on the management ideal of “strengthen the enterprise with

high-quality”, we constantly strengthen the hotel management and carried out skill training in pre-job for their

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海南大东海旅游中心股份有限公司                             2017 年年度报告摘要

basic information and the after-job for business ability improvement. Enhance the service standards and

consciousness, as well as the sense of responsibility and quality, effectively improved the service quality and

management standards, and improving the quality of the hotel and comprehensive competitiveness.

3. Strictly curb the costs and budget management, improve internal control mechanism, reducing risks and

consumptions, increase revenue and reduce expenditures, safety in production to maximize the interest of the

enterprise

During the reporting period, the Company continued to focus on financial management, improve the procurement

management system, strengthen management of procurement cost control and budget management, adopt

diversified means to obtain procurement price inquiry, such as network price inquiry, the hotel industry price

inquiry and other measures, obtain cost inquiry from over three suppliers to select the best one, control operating

costs in a scientific manner, strictly control various expense and expenditures, frequent inspection and repair to

prevent waste of resources, which enabled the Company to effectively improve the reasonableness of procurement

cost and cost effectiveness. Besides, human resources cost was effectively brought down due to optimized organ

establishment and personnel distribution. At the same time, the Company continued to improve the internal control

system, strengthen regulation and implementation of internal control system, strengthen the effective

implementation of internal control work, reduce risks and consumption, increase revenue and control expenditures,

emphasize production safety and improve operational efficiency, to ensure the operation safety and thus maximize

the interests of the Company as a whole.

In 2018, the Company continue to consolidate and expand sales channels, improve the hotel’s quality and service

standards, and enhance the comprehensive competitiveness, to laying out a solid foundation for sustained, stable

and healthy development of the Company.

2. Whether the main business had major change in the reporting period

□ Yes √ No

3. About the industries, products, or regions accounting for over 10% of the company’s operating income

or operating profit

√Applicable □Not applicable

In RMB

Increase/decrea

Increase/decrea Increase/decrea

Operating           Gross profit                     se of gross

Name              Operating cost         se of operating se of operating

revenue             ratio                       profit ratio

revenue y-o-y   cost y-o-y

y-o-y

Room revenue    21,103,123.09   7,535,564.46     58.50%     24.77%     104.77%      18.46%

Catering

entertainment     3,588,469.77    96,720.11     46.86%     62.83%     122.44%       -3.60%

income

Room revenue     3,214,971.37   2,575,164.32     85.24%     24.08%      38.59%       8.98%

4. Whether the characteristics of management seasonal or cyclical need special attention

□ Yes √ No

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海南大东海旅游中心股份有限公司                                 2017 年年度报告摘要

5. In the reporting period, note of major changes in operating income, operating cost, total net profit

attributable to common stock shareholders of listed company or composing the previous reporting period

□ Applicable √ Not applicable

6. Particular about suspended and delisting

□ Applicable √ Not applicable

7. Relevant items involving financial report

(1) Particulars about the changes in aspect of accounting policy, estimates and calculation method

compared with the financial report of last year

√Applicable □Not applicable

1. Change of accounting policy

According to the Notice from the Ministry of Finance on Issuing and Amending the "Enterprise Accounting Standards No. 16 -

Government Subsidy” (CK[2017]15), any enterprise applying Enterprise Accounting Standards is required to implement the notice

since 12 June 2017, and future applicable method shall be adopted with respect to the government subsidies existed on 1 January

2017. Any enterprise applying Enterprise Accounting Standards is required to implement the "Enterprise Accounting Standards No.

42 - Non-current Assets Held for Sale, Disposal Group and Discontinuing Operation” issued in 2017 since 28 May 2017, and future

applicable method shall be adopted with respect to the non-current assets held for sale, disposal group and discontinuing operation

existed as of the date of implementation. On 25 December 2017, the Ministry of Finance issued the Notice on Amending the

General Formatting of Enterprise Financial Statement (CK[2017]30) to make amendment to the general formatting of financial

statements, which was applicable to the financial statements prepared for 2017 and other future accounting periods.

The above changes in accounting policies have no effect on the amount reported in the financial statements of the

Company.

2. Change of accounting estimates

Major accounting estimates have no changes in the reporting period.

(2) Major accounting errors within reporting period that needs retrospective restatement

□ Applicable  √ Not applicable

No major accounting errors within reporting period that needs retrospective restatement for the Company in the period.

(3) Compare with last year’s financial report; explain changes in consolidation statement’s scope

□ Applicable  √ Not applicable

No changes in consolidation statement’s scope for the Company in the period.

Board of Directors of

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

30 January 2018

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