Hainan Dadonghai Tourism Centre (Holdings) Co.Ltd(000613)
Reply to the letter of concern to Shenzhen Stock Exchange
Xin Hui Shi Han Zi [2022] No. za230 Shenzhen Stock Exchange listed company management department I:
We have received the letter of concern for Hainan Dadonghai Tourism Centre (Holdings) Co.Ltd(000613) (company department concern letter [2022] No. 207) (hereinafter referred to as “concern letter”) issued by your department to Hainan Dadonghai Tourism Centre (Holdings) Co.Ltd(000613) (hereinafter referred to as “company” or “Dadonghai”) on April 14, 2022. The reply is as follows:
1、 Please explain the latest estimated net profit attributable to the parent company in 2021, net profit attributable to the parent company after deduction and its specific composition, and check whether the calculation of non recurring profit and loss is accurate, whether there are errors and omissions, and whether it meets the requirements of relevant rules according to the explanatory announcement No. 1 on information disclosure of companies offering securities to the public – non recurring profit and loss. The annual audit accountant shall check and give clear opinions.
Company reply:
At present, the company expects the net profit attributable to the parent company in 2021 to be -1987400 yuan, including non recurring profit and loss of 2201000 yuan. After deducting non recurring profit and loss, the net profit attributable to the parent company in 2021 is -4188400 yuan. Compared with the company’s previous performance forecast, there is a difference between the deduction of non attributable net profit of 2.7 million yuan to 3.1 million yuan and the deduction of non attributable net profit of 1.5 million yuan to 1.9 million yuan in 2021.
At present, the company expects the net profit attributable to the parent company in 2021 to be composed as follows:
Hotel operating items operating income operating cost gross profit proportion net profit proportion
Guest room 197068137462 596.06 52.10% – 388.21 195.34%
Site rental 282.29 47.45 234.83 20.52% 93.84 – 47.22%
Catering 385.71 198.79 186.92 16.34% – 5.72 2.88%
Moon cake 107.34 89.47 17.86 1.56% 10.77 2.88%
Baijiu 246.22 173.57 72.65 6.35%72.65 -36.56%
Others 35.84 0.00 35.84 3.13% 17.94 – 9.03%
Total (unit: 10000 yuan) 302807188390114417 100.00% – 198.74 100.00%
The difference between the net profit attributable to the parent company in 2021 and the previous performance forecast mainly includes:
1. The non-commercial transactions were reduced, including 3.9197 million yuan of meal expenses, 839400 yuan of moon cake income and 4.7591 million yuan of profit. 2. The discount income from government loans was 374100 yuan. 3. The added value-added tax deducted 426400 yuan. The total is 5559600 yuan.
The difference between the net profit attributable to the parent company after deducting non recurring profits and losses in 2021 and the previous performance forecast is also described above. It is estimated that the net profit attributable to the parent company in 2021 after deducting non recurring profits and losses is as follows:
Hotel operating items operating income operating cost gross profit proportion net profit proportion
Guest room 197068137462 596.06 52.10% – 485.97 117.15%
Site rental 282.29 47.45 234.83 20.52% 79.83 – 19.24%
Catering 385.71 198.79 186.92 16.34% – 24.86 5.99%
Others 35.84 35.84 3.13% 16.16 – 3.90%
Total (unit: 10000 yuan) 267452162086105365 92.09% – 414.84 100.00%
With the progress of the audit work, after communication and confirmation with the accounting firm, some room and meal income will be offset due to lack of commercial substance.
As of the date of this reply, the details of non recurring profits and losses are as follows:
Monetary unit: Yuan
Description of project amount
Gains and losses on disposal of non current assets -0100 yuan
The government subsidy included in the current profit and loss is 864500 yuan, which is the government subsidy included in the current profit and loss (compared with the enterprise)
The financial discount of 374100 yuan and input tax plus deduction of 426400 yuan are closely related to the business, which is 935300 yuan according to the unified national standard
Yuan, 51000 yuan for training on behalf of work, 16000 yuan for job stabilization (excluding government subsidies with fixed or quantitative enjoyment)
RMB 1 entrusted management service fee transferred to income of 67900 yuan.
Other non operating income other than the above items
-RMB 0400
And expenditure
The unused consumption cards of affiliated units are overdue and included in 367300 yuan
Among them, the profit from one-time liquor sales is 726500 yuan, and the profit and loss from moon cake sales meets the definition of non recurring profit and loss
898900 yuan, 107700 yuan in profit, and 647 yuan in sales service fee of shopping card
Ten thousand yuan.
Total 2.021 million yuan-
In accordance with the relevant provisions of the explanatory announcement on information disclosure of companies offering securities to the public No. 1 – non recurring profits and losses, the company conducted a serious self-examination. In addition to the common non operating profits and losses, the company also took the income from wine sales, moon cake sales and shopping card promotion service fees added this year as deductions. The calculation of the above non recurring profit and loss statement is accurate, there are no errors and omissions, and meets the requirements of relevant rules.
Reply of annual auditor:
Up to now, we have not completed the audit of the company’s financial statements in 2021, including the failure to obtain sufficient and appropriate audit evidence on the authenticity and accuracy of the company’s Baijiu and moon cake sales, hotel rooms and other related business income and the authenticity, accuracy and completeness of related costs and expenses in 2021. Therefore, we are unable to express our opinion on this matter.
2、 Please explain the details of Baijiu and other products newly sold by your company in 2021, including but not limited to sales amount, sales time, transaction pricing, top 20 customers’ names and sales proportion, related relationship, impact on net profit, etc., whether the sales price is consistent with that of similar products of comparable companies in the same industry, whether the transaction price is fair, and the profits and losses exceeding the fair value (if any), In combination with the explanatory announcement on information disclosure of companies offering securities to the public No. 1 – non recurring profits and losses, explain whether the relevant income belongs to non recurring profits and losses. The annual audit accountant shall check and give clear opinions.
Company reply:
In order to reduce the adverse impact of the epidemic, the company actively developed new businesses. In 2021, the company added Baijiu and moon cake sales business. After many discussions and market research, the company contacted potential customers in many ways, actively implemented procurement, sales and other work, and the sales of relevant businesses reached the expected goal.
(I) Baijiu sales
1. Overall situation
In 2020, the company noticed that Maotai flavor Baijiu was in a period of rising value, so it purchased 1.9564 million yuan of Baijiu as a reserve in the second half of 2020. As the hotel industry was greatly affected by the epidemic, in order to reduce the impact of the epidemic on the hotel, in March 2021, the company sold the Baijiu inventory to Haikou XinDeCheng construction and Installation Engineering Co., Ltd., and confirmed a revenue of 2.4622 million yuan, accounting for 8.13%, The gross sales profit was 726500 yuan. The sales price of Baijiu was mainly determined by referring to the manufacturer’s sales guidance price and the sales prices of JD mall, Taobao and the local market, which was in line with the local sales price level of the same product market, and the transaction price was fair.
Considering that the hotel industry has the channel advantage of selling liquor products, the company plans to continue to carry out liquor business in the future, and has obtained the distribution qualification of Langjiu, Songjiao and other brands in 2022.
2. Relevant income is included in non recurring profit and loss
Considering that the liquor sales customers in 2021 are relatively single, based on prudent consideration, the company has taken the above Baijiu sales as a deduction of non recurring profits and losses.
(II) moon cake sales
1. Overall situation
As a hotel operating in Hainan for more than 30 years, the company’s brand has a certain influence. The company has actively developed moon cake products. From August to September 2021, the company sold moon cakes to nearly 100 customers and achieved a revenue of 1212900 yuan. The sales of the top 20 customers accounted for 80.39% and realized a profit of 107700 yuan. The sales price of moon cakes is mainly determined by reference to the production cost and the sales price of similar products in the local market, or negotiated with customers. It is in line with the sales price level of the local moon cake market and the transaction price is fair. Among the moon cake customers, 3618000 yuan was sold to related parties Luoniushan Co.Ltd(000735) , Hainan Luoniushan Co.Ltd(000735) animal husbandry Co., Ltd. and Danzhou Luoniushan Co.Ltd(000735) agricultural science and Technology Development Co., Ltd., accounting for 29.83%. Other customers have no related relationship.
The sales details of the top 20 customers of moon cakes are as follows:
No. unit name amount (unit: 10000 yuan)
1 Luoniushan Co.Ltd(000735) 29.76
2. Trade union committee of Haikou Kaiyuan water Co., Ltd. 7.85
3 Hainan Guojian high tech Dairy Co., Ltd. 6.03
4 Hainan Weite power transmission and Transformation Engineering Co., Ltd. 6.03
5 Hainan Luoniushan Co.Ltd(000735) animal husbandry Co., Ltd. 5.86
6 Shenzhen Liande Construction Engineering Co., Ltd. 4.82
7 Haikou XinDeCheng construction and Installation Engineering Co., Ltd. 4.65
8 labor union of Haikou Yongzhuang water affairs Co., Ltd. 3.59
9 Haikou lvxinyuan garden Engineering Co., Ltd. 3.38
10 provincial Brigade General Manager Sanya
