Interim Report 2013

舜宇光學科技（集團）有限公司 中期報告 2013 13 Management Discussion and Analysis 管理層討論與分析 資產負債表以外交易 於二零一三年六月三十日，本集團並無訂立任何 重大的資產負債表以外交易。 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。截至二零一三年六月三十日止六個月，本 集團動用約為人民幣 118,800,000 元進行投資活 動，主要用作購置機器及設備，以及新產品之產 能初始化設置和新項目的必要設備配置。該等投 資增強了研發及技術應用能力及生產效率，拓闊 了收入來源。在二零一三年度內尚未有任何收購 和重大投資意向。 市場風險的量化和質化披露 利率風險 本集團面對作為營運資金以及用於本集團拓展和 其他用途的資本開支的銀行借貸利率風險。利率 上調會增加現有及新增債務成本。截至二零一三 年六月三十日止六個月，定息銀行貸款的實際年 利率約為 6.0% 。本集團並無訂立任何類別的利率 協定或衍生交易以對沖利率波動。 匯率波動風險 本集團部份產品會出口銷售至國際巿場，同時也 自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。 OFF-BALANCE SHEET TRANSACTIONS As of 30 June 2013, the Group did not enter into any material off- balance sheet transactions. PERFORMANCE OF INVESTMENTS MADE AND FUTURE INVESTMENTS The Group’s investing activities mainly include the purchases of property, plant and equipment. For the six months ended 30 June 2013, the Group’s investments amounted to approximately RMB118.8 million, mainly involving in the purchases of machinery and equipment, as well as the initial production settings of new products and the necessary equipment configurations of new projects. These investments enhanced the capabilities of our R&D and technology applications as well as production efficiency, and thus, broadening the sources of revenue. No substantial acquisition and large investment plan is intended for the year of 2013. QU A N T I TAT I V E A N D QU A L I TAT I V E DISCLOSURE ABOUT MARKET RISKS Interest Rate Risk The Group is exposed to interest rate risks on its bank borrowings for working capital and capital expenditures that are associated with our expansion and for other uses. Upward fluctuations in interest rates increase the costs of both existing and new debts. For the six months ended 30 June 2013, the effective interest rate on fixed-rate bank loans was approximately 6.0% per annum. The Group had not entered into any types of interest rate agreements or derivative transactions to hedge against the changes in interest rates. Foreign Exchange Rate Fluctuation Risk The Group exports a 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 risk.