Annual Report 2007

Management Discussion and Analysis 管理層討論及分析 16 Sunny Optical Technology (Group) Company Limited 舜宇光學科技（集團）有限公司 Final dividend The Board proposed a dividend of approximately RMB0.021 (equivalent to approximately HK$0.022) per share to equity holders of the Company for the year ended 31 December 2007. Major Financial Ratios The following table sets out the summary of the Group’s major financial ratios as of 31 December 2006 and 2007: 2007 2006 二零零七年 二零零六年 Trade receivable turnover (days) 貿易應收款項周轉期（日） 73 58 Trade payable turnover (days) 貿易應付款項周轉期（日） 67 60 Inventory turnover (days) 存貨周轉期（日） 49 61 Gearing ratio 負債比率 — — Trade receivable turnover The trade receivable turnover is calculated by dividing the trade receivables as of the end of the respective year by revenue for the year, multiplied by 365 days. With the exception of optoelectronic products customers, the Group typically grants a credit period of 60 to 90 days to its credible customers. The credit period granted to optoelectronic products customers is typically 60 days due to the differences in industry practice for optoelectronic products as compared to that for optical components and optical instruments. The trade receivable turnover days increased from 58 days as of 31 December 2006 to 73 days as of 31 December 2007. The significant growth in the Group’s business has fostered longer and more well-established relationships with customers, especially engaging more and more internationally renowned clients and improving customers’ quality of optoelectronic products segment, the Group granted a longer credit term to those customers. The Group’s longer trade receivable turnover days is a sign of the Group’s customer base gradually leaning towards more reputable and long-established ones. 末期股息 截至二零零七年十二月三十一日止年度，董事 會建議向本公司股權持有人派付約每股人民幣 0.021 元（約 0.022 港元）的股息。 主要財務比率 下表載列本集團於二零零六年及二零零七年 十二月三十一日止的主要財務比率概要： 貿易應收款項周轉期 貿易應收款項周轉期乃按有關年度終結時的貿 易應收款項除以年度銷售收入，再乘以 365 日 計算。除光電產品客戶外，本集團一般向有一 定資信的客戶授出 60 至 90 天不等的信貸期。 光電產品客戶一般是 60 天信貸期，主要原因 是光電產品跟光學產品及光學儀器業務慣例上 的不同。貿易應收款項周轉日數由二零零六年 十二月三十一日的 58 日增至二零零七年十二 月三十一日的 73 日。本集團業務大幅增長，與 客戶的關係更為長久穩固，尤其是吸納更多國 際知名客戶，加上光電產品分部的客戶質素改 善，本集團給予該等客戶更長的信貸期。本集 團貿易應收款項周轉期延長，顯示本集團的客 戶基礎正逐步趨向於聲譽更高且具有悠久歷史 的客戶。