Interim Report 2019

20 Sunny Optical Technology (Group) Company Limited INTERIM REPORT 2019 Management Discussion and Analysis 管理層討論與分析 流動資金及財政來源 現金流量 下表載列本集團於截至二零一九年六月三十日及 二零一八年六月三十日止六個月的現金流量概 要： For the six months ended 30 June 截至六月三十日止六個月 2019 2018 二零一九年 二零一八年 RMB million RMB million 人民幣百萬元 人民幣百萬元 Net cash from operating activities 經營活動所得現金淨額 1,158.4 599.6 Net cash used in investing activities 投資活動所用現金淨額 (574.3) (3,495.3) Net cash (used in) from financing activities 融資活動（所用）所得現金淨額 (1,226.0) 3,137.9 本集團營運資金主要來自手頭現金及經營活動所 得之現金淨額。董事會預期本集團將依賴經營活 動所得現金淨額、銀行借貸及債券融資以應付短 期內的營運資金及其它資本開支需求。長遠而 言，本集團會以經營活動所得淨現金以及額外銀 行借貸、債券融資或股權融資（如有需要）所得資 金經營。截至二零一九年六月三十日止六個月， 本集團的資金及財務政策並無重大變動。 本集團於二零一九年六月三十日的現金及現金等 值項目餘額約人民幣 1,612,900,000 元，較去年 年底的餘額減少約人民幣 641,400,000 元。 LIQUIDITY AND FINANCIAL RESOURCES Cash Flows The table below summarises the Group’s cash flows for the six months ended 30 June 2019 and 30 June 2018: The Group derives its working capital mainly from cash on hand and net cash generated from operating activities. The Board expects that the Group will rely on net cash generated from operating activities, bank borrowings and debt financing in the short run to meet its working capital and other capital expenditure requirements. In the long run, the Group will be funded by net cash from operating activities and, if necessary, by additional bank borrowings, debt financing or equity financing. There were no material changes in the funding and financial policy of the Group for the six months ended 30 June 2019. The Group’s balance of cash and cash equivalents was approximately RMB1,612.9 million as at 30 June 2019, representing a decrease of approximately RMB641.4 million when compared to the balance of the end of last year.