Interim Report 2017

Sunny Optical Technology (Group) Company Limited INTERIM REPORT 2017 14 Management Discussion and Analysis 管理層討論與分析 資本開支 截至二零一七年六月三十日止六個月，本集團的 資本開支約人民幣 782,600,000 元。資本開支主 要用作購置機器及設備、購買土地使用權和購置 其他有形及無形資產。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 銀行借貸 本集團將於運營需求增長時尋求銀行借貸，且本 集團的銀行借貸並無季節性問題。 於二零一七年六月三十日，本集團的銀行借貸約 人民幣 1,456,600,000 元（二零一六年十二月三十 一日：約人民幣 904,300,000 元）。已抵押樓宇及 土地的價值約為人民幣 181,300,000 元（二零一六 年十二月三十一日：約人民幣 186,100,000 元）。 於二零一七年六月三十日，所有銀行借貸均以美 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 11.8% ，反映出本集團財務狀況處於十分 穩健的水準。 銀行授信 於二零一七年六月三十日，本集團於中國農業 銀行餘姚支行的授信為人民幣 1,225,000,000 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 44,000,000 美元，於法國巴黎銀行（中 國）有限公司的授信為 60,000,000 美元，於華僑 銀行香港分行的授信為 10,000,000 美元，於香 港上海滙豐銀行有限公司為 37,000,000 美元， 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，於中國銀行股份有限公司 餘姚分行的授信為人民幣 372,800,000 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。上述所有銀行授信並未獲充分利 用。有關借貸之詳情，請參閱簡明綜合財務報表 附註內的附註 21 。 Capital Expenditure For the six months ended 30 June 2017, the Group’s capital expenditure amounted to approximately RMB782.6 million, which was mainly used for the purchases of machinery and equipment, acquisition of land use rights and purchase of other tangible and intangible assets. All of the capital expenditure was financed by internal resources and bank borrowings. CAPITAL STRUCTURE Indebtedness Bank borrowings The Group will seek bank borrowings when operational needs arise and there is no seasonality issue in the Group’s bank borrowings. Bank borrowings of the Group as at 30 June 2017 amounted to approximately RMB1,456.6 million (31 December 2016: approximately RMB904.3 million). The value of pledged buildings and land amounted to approximately RMB181.3 million (31 December 2016: approximately RMB186.1 million). As at 30 June 2017, all bank borrowings were denominated mainly in U.S. Dollars and Renminbi. The gearing ratio of the Group by reference to the total debt to total book capitalisation ratio (total book capitalisation means the sum of total liabilities and shareholders’ equity) was approximately 11.8%, reflecting that the Group’s financial position was at a sound level. Bank facilities As at 30 June 2017, the Group had bank facilities of RMB1,225.0 million with Yuyao Branch of Agricultural Bank of China, RMB200.0 million with Yuyao Branch of Ningbo Bank, USD44.0 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, USD37.0 million with The Hong Kong and Shanghai Banking Corporation Limited, RMB200.0 million with Yuyao Branch of Bank of Communication Co., Limited, RMB372.8 million with Yuyao Branch of Bank of China Co., Limited and RMB80.0 million with Ningbo Branch of Huaxia Bank Co., Limited. All of the above bank facilities have not been fully utilised. For details of the borrowings, please refer to Note 21 of the notes to the condensed consolidated financial statements.