Interim Report 2009

Sunny Optical Technology (Group) Company Limited 舜宇光學科技（集團）有限公司 30 Management Discussion and Analysis 管理層討論及分析 流動資金及財政來源 現金流量 下表載列本集團於截至二零零八年六月三十日及 二零零九年六月三十日止六個月期間的現金流量 概要： 本集團自給自足，營運資金主要來自經營及投資 活動所得淨現金。董事預期本集團將依賴經營活 動所得現金淨額及於二零零七年本集團股份在全 球發售（「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。 本集團於截至二零零九年六月三十日止六個月 期間錄得現金及現金等值淨流入額約人民幣 301,900,000 元。 本集團大部份產品會出口銷售至國際巿場，同時 也向國際巿場購買大量產品，以上交易以美元或 其他外幣計算。為降低此風險，本集團已訂立若 干外匯交易工具以減低貨幣風險。 資本開支 截至二零零九年六月三十日止六個月期間，本集 團的資本開支約為人民幣 29,600,000 元。資本開 支主要用作購置物業、機器及設備和其他有形資 產。所有資本開支均來源於內部資源。 Liquidity and Financial Resources Cash Flows The table below summaries the Group’s cash flows for the six months ended 30 June 2008 and 30 June 2009: Six months ended 30 June 截至六月三十日止六個月 2009 2008 二零零九年 二零零八年 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 46.6 58.7 Net cash from (used in) investing activities 投資活動所得（所用）現金淨額 260.5 (90.3) Net cash used in financing activities 融資活動所用現金淨額 (5.2) (20.1) The Group, being a self-sufficient company, derives its working capital mainly from net cash generated from operating and investing activities. The Directors expect that the Group will rely on net cash from operating activities and the net proceeds from the global offering of the Company’s shares (“Global Offering”) in 2007 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 equivalents of approximately RMB301.9 million for the six months ended 30 June 2009. The Group exports a significant portion of its products to and makes purchases from international markets where transactions are denominated in U.S. dollars or other foreign currencies. To reduce the risk, the Group has entered into certain foreign exchange trading facilities to reduce its currency risks. Capital Expenditure For the six months ended 30 June 2009, capital expenditure of the Group amounted to approximately RMB29.6 million, mainly for the purchase of property, plant and equipment and other tangible assets. All of the capital expenditure was financed by internal resources.