Annual Report 2007

Management Discussion and Analysis 管理層討論及分析 28 Sunny Optical Technology (Group) Company Limited 舜宇光學科技（集團）有限公司 Performance of Investments Made and Future Investment The Group’s investing activities mainly include the purchase of property, plant and equipment. During the year ended 31 December 2007, the Group used approximately RMB208.9 million in investing activities, mainly in relation to the purchase of plants and equipment for the expansion of the production capacity for both optical components and optoelectronic products. Sufficient capital expenditure investment is fundamental to the Group’s expansion plans in order to meet the expected increase in demand for optical components and optoelectronic products. The Company intends to invest approximately RMB275.0 million from its Global Offering for the expansion of production capability and capacity; approximately RMB173.0 million for the enhancement of research and development activities and facilities; approximately RMB28.0 million for the acquisition of land and the buildings erected thereon, which were previously leased by Sunny Group Limited for the manufacture and research and development of optical instruments; approximately RMB25.0 million for the enhancement of information systems; approximately RMB130.0 million for the repayment of short-term bank loans for working capital. The remaining amount will provide funding for working capital and other general corporate purposes. To the extent that any part of the net proceeds to the Company from the Global Offering are not immediately used for the above purposes, the Directors may allocate such proceeds to short-term interest-bearing deposits and/or money-market instruments with authorised financial institutions and/ or licensed banks in the PRC and Hong Kong. The proceeds from the Global Offering amounted to RMB745.1 million, of which RMB260.9 million were used by the Company during the year and the unutilised proceeds was placed with financial institutions as short term deposits. Further information about the proceeds applied during the year is available on page 22 of this Annual Report. The Group did not have any significant investment position in stocks, bonds and/other or any material acquisition and disposal of subsidiaries and associates of the Group during the year covered by this Annual Report, save as disclosed the investment of funds from operating cash flow and the acquisition of Shanghai Sunny Hengping Scientific Instrument Co., Ltd by the Listing proceeds. 投資表現及未來投資計劃 本集團的投資活動主要包括購置物業、機器及 設備。 截至二零零七年十二月三十一日止年度，本集 團動用約人民幣 208,900,000 元進行投資活動， 主要用作購置機器及設備，以擴大光學零件及 光電產品的產能。 為配合預期光學零件和光電產品需求的增長， 本集團必需對擴充計劃投入足夠的資本開支。 本公司計劃運用全球發售所得款項中約人民幣 275,000,000 元提升生產能力和產能；約人民幣 173,000,000 元用於加強研發活動和設施；約人 民幣 28,000,000 元用於收購目前舜宇集團有限 公司租用作為生產及研發光學儀器之土地及上 蓋物業；約人民幣 25,000,000 元用於提升信息 管理系統；約人民幣 130,000,000 元用於償還作 為營運資金的短期銀行貸款；餘額用作營運資 金和其他一般企業用途。 倘本公司自全球發售所得款項淨額的任何部分 並未即時作上述用途，則董事可將該筆所得款 項存放於中國及香港的認可財務機構及╱或持 牌銀行的短期計息存款及╱或貨幣市場工具。 全球發售所得款項為人民幣 745,100,000 元，當 中人民幣 260,900,000 元由本公司於年內動用， 而未動用的所得款項則存放於金融機構作短期 存款。有關年內所動用的所得款項其他資料載 於本年報第 22 頁。 於本年報的回顧年內，除了以營運得來的現金 投資基金及以上市募集資金收購上海舜宇恒平 科學儀器有限公司，本集團並無大額投資任何 股票、債券和其他金融衍生工具，亦無進行任 何有關本集團附屬公司和聯營公司的重大收購 和出售。