Interim Report 2014

Sunny Optical Technology (Group) Company Limited Interim Report 2014 p12 Management Discussion and Analysis 管理層討論與分析 本集團自給自足，營運資金主要來自投資及融資 活動所得淨現金。董事會預期本集團將依賴經營 活動所得現金淨額、銀行借貸及配售所得款項淨 額應付短期內的營運資金及其它資本開支需求。 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（如有需要）所得資金經營。本集團 的資金及財務政策並無重大變動。 本集團於截至二零一四年六月三十日六個月期間 錄得現金及現金等值淨項目減少淨額約為人民幣 19,200,000 元。 結轉自過往集資活動的所得款項 於二零一三年九月二十三日，本公司、本公司一 名控股股東與配售代理訂立先舊後新配售及認 購協議，據此 (i) 配售代理已同意作為控股股東的 代理，根據配售（「 配售 」）按每股股份 8.06 港元 之價格（「 配售價 」）配售本公司 97,000,000 股股 份（「 股份 」）。配售價 (i) 較股份於配售日期在聯交 所所報收市價每股股份 8.43 港元折讓約 4.39% 及 (ii) 相當於每股股份 7.94 港元之淨配售價（經扣除 有關開支）。配售事項的所得款項淨額合共約為 770,000,000 港元（相等於約人民幣 608,000,000 元）（「 所得款項淨額 」）。 截至二零一四年六月三十日止九個月，配售事項 所得款項淨額之用途如下： The Group is self-sufficient and derives its working capital mainly from net cash generated from investing activities and financing activities. The Board expects that the Group will rely on net cash from operating activities, bank borrowings and net proceeds from the placing in the short run to meet its working capital and other capital expenditure requirements. In the long run, the Group will be funded by net cash from operating activities and, if necessary, by additional equity financing. There were no material changes in the funding and financial policies of the Group. The Group recorded the net decrease in net cash and cash equivalents of approximately RMB19.2 million for the six months ended 30 June 2014. Proceeds Brought Forward From Previous Fund Raising On 23 September 2013, the Company, a controlling Shareholder of the Company and a placing agent entered into a top-up placing and subscription agreement pursuant to which (i) the placing agent has agreed to act as agent for the controlling Shareholder to place 97,000,000 shares of the Company (the “ Share(s) ”) under the placing (the “ Placing ”) at a price of HK$8.06 per Share (the “ Placing Price ”). The Placing Price represents (i) a discount of approximately 4.39% to the closing price of HK$8.43 per Share as quoted on the Stock Exchange on the date of the Placing and (ii) a net Placing Price of HK$7.94 per Share after deduction of relevant expenses incurred. The Placing raised an aggregate net proceeds of approximately HK$770.0 million (equivalent to approximately RMB608.0 million) (the “ Net Proceeds ”). During the nine months ended 30 June 2014, the Net Proceeds from the Placing were utilized and applied as follows: Usage Approximate amount of the Net Proceeds 用途 概約所得款項淨額 (RMB million) （人民幣百萬元） To expand production capacity for: 用於以下各項的產能擴張： Handset lens sets 手機鏡頭 62.7 Handset camera modules 手機照相模組 107.1 Vehicle lens sets 車載鏡頭 62.6 To meet general working capital requirement 用於滿足一般營運資金需求 108.0 Total 合計 340.4