Interim Report 2020

34 Hop Fung Group Holdings Limited Interim Report 2020 管理層討論及分析 （續） 財務回顧 （續） 流動資金、財務及資本資源 於二零二零年六月三十日，本集團之 現金及現金等值總額為 322,200,000 港元（二零一九年十二月三十一日： 292,300,000 港元），大部分以人民幣 列值。 本集團於二零二零年六月三十日之 流動資產淨值及流動比率分別為 287,300,000 港元（二零一九年十二 月三十一日： 186,600,000 港元）及 1.9 （二零一九年十二月三十一日： 1.5 ）。 於二零二零年上半年，本集團之資本 開支為 52,200,000 港元，基本用於二 零二零年上半年的日常維護及購置製 漿機器的訂金。 於二零二零年六月三十日，平均存 貨、應收賬款及應付賬款週轉日數分 別為 76 日（二零一九年十二月三十一 日： 84 日）、 68 日（二零一九年十二月 三十一日： 49 日）及 37 日（二零一九年 十二月三十一日： 33 日）。 於二零二零年六月三十日，銀行借貸 總額增加至 328,200,000 港元（二零 一九年十二月三十一日： 216,900,000 港 元 ）。負 債 比 率 由 1 4 . 2 % 升 至 22.3% 。於二零二零年六月三十日， 貸款淨額（銀行借貸總額減銀行結 餘與現金總額）錄得 6,000,000 港元 （二零一九年十二月三十一日：現金 淨額 75,400,000 港元）。凈負債比率 由 -4.9% 升至 0.4% 。即期銀行貸款減 少 23,400,000 港元，而非即期銀行貸 款增加 134,700,000 港元。 MANAGEMENT DISCUSSION AND ANALYSIS (continued) FINANCIAL REVIEW (continued) Liquidity, financial and capital resources At 30th June, 2020, the Group’s total cash and cash equivalents were HK$322.2 million (31st December, 2019: HK$292.3 million) which was mostly denominated in Renminbi. Net current assets and current ratio of the Group as at 30th June, 2020 were HK$287.3 million (31st December, 2019: HK$186.6 million) and 1.9 (31st December, 2019: 1.5) respectively. In the first half of 2020, the Group spent HK$52.2 million on capital expenditure, basically for general maintenance and deposit paid for acquiring pulp-making machinery in the first half of 2020. At 30th June, 2020, the average inventory, debtors and creditors turnover days were 76 days (31st December, 2019: 84 days), 68 days (31st December, 2019: 49 days) and 37 days (31st December, 2019: 33 days) respectively. The total bank borrowings increased to HK$328.2 million as at 30th June, 2020 (31st December, 2019: HK$216.9 million). Gearing ratio rose from 14.2% to 22.3%. Net loan of HK$6.0 million (total bank borrowings less total bank balances and cash) was recorded as at 30th June, 2020 (31st December, 2019: net cash HK$75.4 million). Net gearing ratio rose from -4.9% to 0.4%. The current bank borrowings fell HK$23.4 million and non-current bank borrowings rose HK$134.7 million.