Annual Report 2007

25 Annual Report 2007 年報 5. Strive to develop new income sources for the Group by accelerating the progress of launching research and development projects to the market. The Group’s management believes these measures will alleviate the negative impacts of the above market factors. Liquidity and Financial Resources The Group’s principal sources of liquidity and capital resources have been, and are expected to be internally generated cash flow given our stronger and healthier than ever financial position. The Group’s principal uses of cash have been, and are expected to continue to be, operational costs and the expansion of production capacity and the Group’s sales network. Cash flows The table below summaries the Group’s cash flows for the year ended 31 December 2006 and 31 December 2007: 2007 2006 二零零七年 二零零六年 RMB million RMB million 人民幣百萬元 人民幣百萬元 Net cash from operating activities 經營活動所得現金淨額 160.1 258.2 Net cash used in investing activities 投資活動所用現金淨額 (208.9 ) (129.0) Net cash from (used in) financing activities 融資活動所得（所用）現金淨額 432.2 (101.8) The Group, being a self-sufficient company, has its working capital mainly coming from net cash generated from operating activities and financing activities. The Directors expect that the Group will rely on net cash from operating activities and the net proceeds from the Global Offering to meet its working capital and other capital expenditure requirements in the near future. In the long run, the Group will be funded by net cash from operating activities and, if necessary, by additional equity financing or bank borrowings. The Group recorded a net increase in cash and cash equivalent of approximately RMB383.4 million for the year ended 31 December 2007 and net decrease in cash and cash equivalents of approximately RMB27.3 million for the year of 2006. 5. 加速研發項目推向市場的進程，儘快給 集團帶來新的收入來源。 集團管理層認為，這些對策的實施可以減少由 於以上因素給集團運營帶來的負面影響。 流動資金及財政資源 鑑於財務狀況空前穩健，本集團流動資金及資 本資源預期主要來自內部現金流。本集團的現 金預期繼續主要用作經營成本以及擴展產能和 銷售網絡。 現金流量 下 表 載 列 本 集 團 於 截 至 二 零 零 六 年 十 二 月 三十一日及二零零七年十二月三十一日止年度 的現金流量概要： 本集團自給自足，營運資金主要來自經營及融 資活動所得淨現金。董事預期本集團將依賴經 營活動所得現金淨額及全球發售所得款項淨額 應付短期內的營運資金及其他資本開支需求。 長遠而言，本集團會以經營活動所得淨現金以 及額外股權融資或銀行借貸（如有需要）所得 資金經營。 本集團於截至二零零七年十二月三十一日止 年度錄得現金及現金等值淨流入額約人民幣 383,400,000 元，而二零零六年年度則錄得現金 及現金等值淨流出約人民幣 27,300,000 元。