Interim Report 2007

22 Sunny Optical Technology (Group) Company Limited Interim Report 2007 MANAGEMENT DISCUSSION AND ANALYSIS 管理層討論及分析 Gearing ratio The Group financed its business mainly with internally generated resources and in some cases, short-term loans from banks. To meet additional working capital requirements for business expansion, the Group obtained bank loans in the second quarter of 2007 and resulted in the increased gearing ratio from zero as of 30 June 2006 to approximately 9.7% as of 30 June 2007. Such loans were subsequently repaid in July 2007. B. OPERATIONAL REVIEW Products The Group is principally engaged in the design, research and development, manufacturing and sale of optical and optical-related products, which can be broadly classified into three categories, namely: (i) optical components, including glass/plastic lenses, plates, prisms and various lens sets, (ii) optoelectronic products, including mobile phone camera modules and other optoelectronic modules; and (iii) optical instruments, including microscopes, surveying instruments and other analytical instruments. Optical Components For the six months ended 30 June 2007, revenue from optical components reached approximately RMB189.7 million, representing a considerable growth of approximately 65.2% as compared with the corresponding period in 2006. The segment accounted for approximately 34.1% of the Group’s revenue. Optoelectronic Products For the six months ended 30 June 2007, optoelectronic products remained as the primary revenue driver of the Group and accounted for approximately 55.3% of the Group’s revenue. Revenue from this segment surged around 44.9% from approximately RMB212.0 million for the six months ended 30 June 2006 to approximately RMB307.2 million during the same period in 2007. 負債比率 本集團的業務資金主要來自內部資源和銀行 的短期借貸。為了應付業務擴展的額外營運 資金需求，本集團於二零零七年第二季度獲 得銀行貸款，使負債比率由二零零六年六月 三十日的無負債，上升至二零零七年六月三 十日的約 9.7% 。 前述貸款已於二零零七年七月償還。 B. 業務回顧 產品 本集團主要從事設計、研究、開發、製造與銷 售光學及光學相關產品。該等產品大致可分 為三類，分別是 (i) 光學零件，包括玻璃／塑膠 鏡片、平面鏡片、棱鏡及各種鏡頭； (ii) 光電產 品，包括手提電話相機模組及其他光電模組； 及 (iii) 光學儀器，包括顯微鏡、測量儀器及其他 分析儀器。 光學零件產品 截至二零零七年六月三十日止六個月期間， 光學零件銷售收入約為人民幣 1.897 億元，較 二零零六年同期間成長約 65.2% 。光學零件 銷售收入約佔總收入的 34.1% 。 光電產品 截至二零零七年六月三十日止六個月期間， 光電產品仍是本集團的主要銷售收入來源並 約佔總銷售收入的 55.3% 。光電產品銷售收 入由二零零六年六月三十日截止六個月期間 約人民幣 2.12 億元，激增約 44.9% 達到二零零 七年同期間之約人民幣 3.072 億元。