Annual Report 2019

舜宇光學科技（集團）有限公司 • 2019 年報 29 Management Discussion and Analysis 管理層討論與分析 The inventory turnover days (average of the opening and closing inventory balances/cost of sales × 365 days) increased from approximately 49 days for the financial year of 2018 to approximately 50 days for the financial year of 2019. There was no significant difference in the number of inventory turnover days in these two financial years. Investing Activities The Group recorded a net cash used in investing activities of approximately RMB3,555.8 million for the financial year of 2019, which was mainly attributable to purchases and release of unlisted financial products of approximately RMB51,248.9 million and approximately RMB50,391.8 million during the year respectively, and the Group’s capital expenditure amounted to approximately RMB3,167.9 million during the year. Financing Activities The Group recorded a net cash used in financing activities of approximately RMB1,441.4 million for the financial year of 2019. The cash inflow mainly came from proceeds from new bank borrowings raised of approximately RMB3,071.5 million. Major outflows were the repayment of bank borrowings of approximately RMB3,453.3 million and dividends paid to shareholders of approximately RMB623.0 million declared last year. Capital Expenditure For the year ended 31 December 2019, the Group’s capital expenditure amounted to approximately RMB3,167.9 million, which was mainly used for the purchases of property, plant and equipment, payments for leasehold lands, payment for intangible assets and purchase of other tangible assets. All of the capital expenditure was financed by internal resources and bank borrowings. 存貨周轉日數（期初和期末存貨平均餘額╱銷 售成本 ×365 日）由二零一八年財政年度的約 49 日增加至二零一九年財政年度的約 50 日。這兩 個財政年度的存貨周轉日數沒有顯著差異。 投資活動 本集團於二零一九年財政年度的投資活動所 用現金淨額約人民幣 3,555,800,000 元，這主 要是由於在年內分別購置及解除非上市金融 產品約人民幣 51,248,900,000 元及約人民幣 50,391,800,000 元和本集團於年內的資本開支 約人民幣 3,167,900,000 元。 融資活動 本集團於二零一九年財政年度的融資活動所 用現金淨額約人民幣 1,441,400,000 元，流 入現金主要來自新籌得的銀行借貸約人民幣 3,071,500,000 元，而主要流出則是償還銀行 借貸約人民幣 3,453,300,000 元及向股東派付 去年所宣派的股息約人民幣 623,000,000 元。 資本開支 截至二零一九年十二月三十一日止年度，本集 團的資本開支約人民幣 3,167,900,000 元，主 要用作購置物業、機器及設備、租賃土地付 款、無形資產付款和購置其他有形資產。所有 資本開支均來源於內部資源及銀行借貸撥付。