Annual Report 2019

80 Sunny Optical Technology (Group) Company Limited • ANNUAL REPORT 2019 Corporate Governance Report 企業管治報告 Group’s major risks 本集團主要風險 Key control and treatment plan(s) 主要控制及處理方案 Target risk trend 目標風險趨向 Market Risk 市場風險 Foreign Exchange and Interest Rate Risks: 外匯及利率風險： – International exchange rate fluctuations could result in significant foreign currency losses. Significant floating rate liabilities could result in higher cost of financing if current interest rates increase. － 國際匯率波動可能導致重大外幣虧損。倘現行利率 上升，龐大的浮息負債可能導致融資成本增加。 – Maximising natural hedging position by setting up offshore factories and matching currencies in sales and procurements contracts; and － 透過在境外設廠或銷售及採購合約的貨幣配對，盡 量提高自然對沖效果；及 – Implementing centralized management of foreign exchange funds of domestic companies, coordinating the foreign exchange funds of various subordinate companies to implement centralized foreign exchange payments, conducting exchange rate lock-in operations to reduce exchange rate exposure, and reducing exchange rate risk. － 實施境內公司外匯資金集中管理，統籌各附屬公司 外匯資金，推行外匯集中支付，並進行匯率鎖定等 操作以減少匯率敞口，降低匯率波動風險。 Market Competition Risks: 市場競爭風險： – Incapable of identifying and analyzing the demands in the industry and market with the intensified market competition might result in the risk of lower earnings for the Company; and － 對於行業或市場需求識別能力和分析能力不足以及 市場競爭的加劇，本公司可能面臨收益下降的風 險；及 – Focusing on industry and terminal development trends in real time, laying out product lines in advance, and enhancing product value in respond to changes in market demand at any time; － 實時關注行業及終端發展趨勢，提前佈局產品線， 提升產品價值，以隨時應對市場需求的變化； – The Company might not satisfy the change in market demand if there are failures to master the context of the new products and new technology application, customers’ uncertain demand upon the launch of new products and new technology, failure for the customers to assess and evaluate the new products might, resulting in the risk for adverse impact on the Company’s benefit. － 新產品或新技術導入的背景掌控差，新產品或新技 術投入時，因客戶需求不明確，客戶對新產品的評 估不到位和難度評估不足，未能滿足市場需求的變 化，影響本公司效益的風險。 – Keeping close eyes on the market dynamics, continuously seeking new markets or new customer, and maintaining good relationships with customers; and － 密切留意市場動態，持續開發新市場或新客戶，並 與客戶保持良好的合作關係；及 – Continuously tracking customers’ demand and developing capacity plan to ensure product supply, and keep inventory within the safety standards. － 不斷跟踪客戶需求，制定產能規劃，以保障產品供 應，並將庫存控制在安全標準內。