Interim Report 2016

Sunny Optical Technology (Group) Company Limited INTERIM REPORT 2016 16 Management Discussion and Analysis 管理層討論與分析 Capital Expenditure For the six months ended of 30 June 2016, the Group’s capital expenditure amounted to approximately RMB353.4 million, which was mainly used for the purchases of property, machinery and equipment, a land use right and other tangible assets. All of the capital expenditure was financed by internal resources and bank borrowings. CAPITAL STRUCTURE Indebtedness Borrowings Bank borrowings of the Group as of 30 June 2016 amounted to approximately RMB748.0 million (31 December 2015: approximately RMB683 . 2 mi l l i on ) . P l edged bank depos i t s amoun t ed t o approximately RMB187.1 million (31 December 2015: approximately RMB129.6 million) and pledged buildings and land of approximately RMB188.5 million (31 December 2015: approximately RMB195.0 million) were arranged by the Group. As of 30 June 2016, all bank borrowings were settled in the U.S. Dollars and RMB. The gearing ratio of the Group by reference to the total debt to total book capitalization ratio (total book capitalization means the sum of total liabilities and shareholders’ equity) was approximately 8.7%, reflecting that the Group’s financial position was at a sound level. Bank facilities As of 30 June 2016, the Group had bank facilities of RMB545.0 million with Yuyao Branch of Agricultural Bank of China, RMB200.0 million with Yuyao Branch of Ningbo Bank, USD36.0 million with BNP Paribas Hong Kong Branch, USD60.0 million with BNP Paribas (China) Limited, USD10.0 million with Oversea-Chinese Banking Corporation Limited, Hong Kong Branch, USD35.0 million with The Hong Kong and Shanghai Banking Corporation Limited, RMB200.0 million with Yuyao Branch of Bank of Communication Co., Limited and RMB80.0 million with Ningbo Branch of Hua Xia Bank Co., Limited. 資本開支 截至二零一六年六月三十日止六個月，本集團的 資本開支約人民幣 353,400,000 元。資本開支主 要用作購置物業、機器及設備、土地使用權和其 他有形資產。所有資本開支均來源於內部資源及 銀行借貸撥付。 資本結構 債務 借貸 於二零一六年六月三十日，本集團的銀行貸款約 人民幣 748,000,000 元（二零一五年十二月三十一 日：約人民幣 683,200,000 元）。本集團安排的已 抵押銀行存款約人民幣 187,100,000 元（二零一五 年十二月三十一日：約人民幣 129,600,000 元）及 已抵押樓宇及土地約人民幣 188,500,000 元（二零 一五年十二月三十一日：約人民幣 195,000,000 元）。 於二零一六年六月三十日，所有銀行貸款以美元 及人民幣結算。本集團的負債比率是指總借款佔 總資本的比例（總資本為總負債與股東權益之和） 約 8.7% ，反映出本集團財務狀況處於十分穩健的 水準。 銀行授信 於二零一六年六月三十日，本集團於中國農業銀 行餘姚支行的授信為人民幣 545,000,000 元，於 寧波銀行餘姚支行的授信為人民幣 200,000,000 元，於法國巴黎銀行香港分行的授信為美金 36,000,000 元，於法國巴黎銀行（中國）有限公 司的授信為美金 60,000,000 元，於華僑銀行香 港分行的授信為美金 10,000,000 元，於香港上 海滙豐銀行有限公司為美金 35,000,000 元，於 交通銀行股份有限公司餘姚支行的授信為人民幣 200,000,000 元以及華夏銀行股份有限公司寧波 分行的授信為人民幣 80,000,000 元。