Interim Report 2019

舜宇光學科技（集團）有限公司 2019 中期報告 23 Management Discussion and Analysis 管理層討論與分析 資產負債表以外交易 於二零一九年六月三十日，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及解除非上市金 融產品、存放及解除已抵押銀行存款、存放及提 取短期定期存款及購置物業、機器及設備。尤其 是，該等按公允值計入損益的金融資產包括：債 務投資、股權投資、基金投資及非上市金融產 品。其中，基金投資由相關金融機構管理，主 要投資於和相關優先債表現掛鈎的債務證券； 非上市金融產品由中國相關銀行管理、主要投 資於債券、信託及現金基金等若干金融資產， 其投資收益則根據相關政府債務工具及國庫券 的表現釐定。截至二零一九年六月三十日止六 個月，該等非上市金融產品主要涉及中國農業 銀行股份有限公司的非上市金融產品，最高約人 民幣 2,594,400,000 元。於回顧期內，本公司透 過其附屬公司所認購的中國農業銀行股份有限公 司的非上市金融產品並沒有超出認購上限人民 幣 3,000,000,000 元，董事會於二零一九年三月 十九日通過的董事會決議案中釐定及批准該認購 上限。董事會認為認購產品的條款乃一般商業條 款，屬公平合理且符合本公司及股東的整體利 益。該等投資由本集團動用閒置自有資金進行。 展望未來，本集團將繼續將投資金額分置於不同 銀行以降低集中風險，並對動用及提高閒置資金 收益實行審慎政策及密切監控投資表現及未來投 資計劃，以確保本集團可維持高流動性及低風 險。該等投資活動乃以並將以其不會對本集團的 營運資金或本公司主營業務的運營造成不利影響 的前提下進行。 OFF-BALANCE SHEET TRANSACTIONS As at 30 June 2019, the Group did not enter into any material off-balance sheet transactions. PERFORMANCE OF INVESTMENTS MADE AND FUTURE INVESTMENTS PLAN The Group’s investing activities primarily include the purchases and release of unlisted financial products, placement and release of pledged bank deposits, placement and withdrawal of short term fixed deposits and purchases of property, plant and equipment. In particular, such financial assets at fair value through profit or loss include: debt investments, equity investments, fund investments and unlisted financial products. Among them, the fund investments are managed by relevant financial institutions, mainly investing in debt securities linked to the performance of related senior debts while unlisted financial products are managed by relevant banks in China, mainly investing in certain financial assets such as bonds, trusts and cash funds, and their investment incomes are determined based on the performance of relevant government debt instruments and treasury bills. For the six months ended 30 June 2019, such unlisted financial products mainly involved unlisted financial products with Agriculture Bank of China Limited of a maximum of approximately RMB2,594.4 million. During the period under review, the unlisted financial products with Agriculture Bank of China Limited subscribed by the Company through its subsidiaries did not exceed the subscription cap of RMB3,000.0 million which was determined and approved by the resolutions of the Board on 19 March 2019. The Board considers that the terms of such unlisted financial products are on normal commercial terms, fair and reasonable and in the interests of the Company and its shareholders as a whole. Such investment activities were funded primarily by the idle self-owned funds of the Group. Going forward, the Group will continue to diversify its investments among different banks to lower the concentration risk and will closely monitor the performance of investments made and future investments plan in accordance with its prudent policy to utilise and to increase the yield of the idle funds of the Group while maintaining a high level of liquidity and a low level of risk. Such investment activities were made and will be made on the premises that it would not adversely affect the working capital of the Group or the operation of the Group’s principal business.