Interim Report 2019

22 Sunny Optical Technology (Group) Company Limited INTERIM REPORT 2019 Management Discussion and Analysis 管理層討論與分析 債務證券 於二零一九年六月三十日，本集團的債務證券約 人民幣 4,091,200,000 元，有關詳情請參閱簡明 綜合財務報表附註內的附註 27 。 本集團的負債比率是指總借款佔總資本的比例 （總資本為總負債與總權益之和）約 20.4% ，反映 出本集團財務狀況處於十分穩健的水平。 或然負債 於二零一九年六月三十日，本集團並無任何重大 或然負債或擔保。 融資及財政政策和目標 本集團採納謹慎的融資及財政政策。本集團將於 運營需求增長時尋求銀行借貸及債務融資，並定 期審查其銀行借貸及債務證券情況以達致一個穩 健的財務狀況。 資產抵押 於二零一九年六月三十日，除已抵押銀行存款約 人民幣 12,200,000 元外，本集團並無任何資產抵 押或押記。有關已抵押銀行存款之詳情，請參閱 簡明綜合財務報表附註內的附註 22 。 承擔 於二零一九年六月三十日，本集團就收購物業、 機器及設備有已訂約但未於簡明綜合財務報表撥 備的資本開支約人民幣 1,228,100,000 元（二零 一八年十二月三十一日：約人民幣 880,900,000 元）。 於二零一九年六月三十日，除上述披露外，本集 團並無任何其它資本承擔。 Debt securities As at 30 June 2019, the Group had debt securities of approximately RMB4,091.2 million. For details, please refer to Note 27 of the notes to the condensed consolidated financial statements. The Group’s gearing ratio of approximately 20.4% refers to the ratio of total borrowings to total capital (total capital is the sum of total liabilities and total equity), reflecting the Group’s stable financial position. Contingent liabilities As at 30 June 2019, the Group did not have any material contingent liabilities or guarantees. Funding and treasury policies and objectives The Group adopts prudent funding and treasury policies. The Group will seek bank borrowings and debt financing when operational needs arise and will review its bank borrowings and debt securities regularly to achieve a sound financial position. PLEDGE OF ASSETS As at 30 June 2019, the Group did not have any pledge or charge on assets, except for the pledged bank deposits of approximately RMB12.2 million. For details of the pledged bank deposits, please refer to Note 22 of the notes to the condensed consolidated financial statements. COMMITMENTS As at 30 June 2019, the capital expenditure of the Group in respect of acquisition of property, plant and equipment contracted for but not provided in the condensed consolidated financial statements amounted to approximately RMB1,228.1 million (31 December 2018: approximately RMB880.9 million). As at 30 June 2019, the Group had no other capital commitments save as disclosed above.