Annual Report 2019

30 Sunny Optical Technology (Group) Company Limited • ANNUAL REPORT 2019 Management Discussion and Analysis 管理層討論與分析 CAPITAL STRUCTURE Indebtedness Bank borrowings Bank borrowings of the Group as at 31 December 2019 amounted to approximately RMB1,118.6 million (2018: approximately RMB1,482.4 million). No bank borrowings were secured by certain buildings and land of the Group as at 31 December 2019 and 2018. Bank facilities As at 31 December 2019, the Group had bank facilities of RMB2,615.0 million with Yuyao Branch of Agricultural Bank of China Limited, RMB893.0 million with Yuyao Branch of Bank of China Limited, RMB1,300.0 million with Ningbo Branch of The Export-Import Bank of China, RMB600.0 million with Yuyao Branch of Ningbo Bank Co., Ltd., RMB200.0 million with Yuyao Branch of Bank of Communication Co., Ltd., RMB80.0 million with Ningbo Branch of Huaxia Bank Co., Ltd., RMB70.0 million with Xinyang Pingzhong Street Sub-branch of Industrial and Commercial Bank of China Limited, USD90.0 million with BNP Paribas Hong Kong Branch, USD30.0 million with BNP Paribas Shanghai Branch, USD60.0 million with The Hongkong and Shanghai Banking Corporation Limited Hong Kong Branch and USD30.0 million with Ningbo Branch of HSBC Bank (China) Co., Ltd.. Debt securities As at 31 December 2019, debt securities of the Group amounted to approximately RMB4,156.1 million (2018: approximately RMB4,080.0 million). For details, please refer to Note 34 of the notes to the consolidated financial statements. The Group’s gearing ratio of approximately 17.2% refers to the ratio of total borrowings to total capital (total capital is the sum of total liabilities and shareholders’ equity), reflecting the Group’s stable financial position. 資本結構 債務 銀行借貸 於二零一九年十二月三十一日，本集團的銀行 借貸約人民幣 1,118,600,000 元（二零一八年： 約人民幣 1,482,400,000 元）。於二零一九年及 二零一八年十二月三十一日，本集團並未就銀 行借貸而抵押若干樓宇及土地。 銀行授信 於二零一九年十二月三十一日，本集團於中 國農業銀行股份有限公司餘姚支行的銀行授 信為人民幣 2,615,000,000 元，於中國銀行 股份有限公司餘姚分行的銀行授信為人民幣 893,000,000 元，於中國進出口銀行寧波分行 的銀行授信為人民幣 1,300,000,000 元，於寧 波銀行股份有限公司餘姚支行的銀行授信為人 民幣 600,000,000 元，於交通銀行股份有限公 司餘姚支行的銀行授信為人民幣 200,000,000 元，於華夏銀行股份有限公司寧波分行的銀行 授信為人民幣 80,000,000 元，於中國工商銀行 股份有限公司信陽平中大街支行的銀行授信為 人民幣 70,000,000 元，於法國巴黎銀行香港分 行的銀行授信為 90,000,000 美元，於法國巴黎 銀行上海分行的銀行授信為 30,000,000 美元， 於滙豐銀行有限公司香港分行的銀行授信為 60,000,000 美元，於滙豐銀行（中國）有限公司 寧波分行的銀行授信為 30,000,000 美元。 債務證券 於二零一九年十二月三十一日，本集團的債務 證券約人民幣 4,156,100,000 元（二零一八年： 約人民幣 4,080,000,000 元），有關詳情請參閱 綜合財務報表附註 34 。 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 17.2% ， 反應出本集團財務狀況處於穩健的水平。