Interim Report 2021

舜宇光學科技（集團）有限公司 • 2021 中報 29 Management Discussion and Analysis 管理層討論與分析 該等投資活動主要由本集團的閒置自有基金撥 付。展望未來，本集團將繼續多元化其於不同 銀行的投資，以降低風險集中度，並將密切監 察所作投資之表現及根據其審慎政策所制訂之 未來投資計劃，以動用及增加本集團閒置資金 收益，同時維持高流動性及低風險。該等投資 活動進行及將進行的前提為其不會對本集團營 運資金或本集團主要業務營運產生不利影響。 截至二零二一年六月三十日止六個月，本集 團動用約人民幣 1,061,300,000 元進行投資活 動，主要用作購置物業、機器及設備、新產品 之產能初始化設置、收購土地使用權和新項目 的必要設備配置。該等投資增強了本集團的研 發及技術應用能力和生產效率，並拓闊了收入 來源。 本集團財務政策保持審慎原則，投資項目多為 保本且帶來固定收益之項目，以求財務狀況穩 健，同時提高回報。如有需要，本集團將考慮 使用金融工具作對沖用途，並將繼續以其自身 的財務資源作為其未來投資之資金來源。 截至二零二一年六月三十日止六個月，本集團 對附屬公司、聯營公司及合營企業並未有重大 收購或售出。 展望未來，本集團擬進一步投資以加強競爭力。 市場風險的量化和質化披露 利率風險 本集團面對作為營運資金以及用於本集團拓展 和其他用途的資本開支的銀行借貸利率風險。 利率的上調會增加現有及新增債務之成本。於 二零二一年六月三十日，固定利率銀行借貸的 實際年利率約 3.05% ，而可變利率銀行借貸的 實際年利率約 0.69% 至 0.75% 。 Such investment activities were funded primarily by the idle self-owned funds of the Group. Going forward, the Group will continue to diversify its investments among different banks to lower the concentration risk and will closely monitor the performance of investments made and future investments plan made in accordance with its prudent policy to utilise and to increase the yield of the idle funds of the Group while maintaining a high level of liquidity and a low level of risk. Such investment activities were made and will be made on the premises that it would not adversely affect the working capital of the Group or the operation of the Group’s principal business. For the six months ended 30 June 2021, the Group’s investments amounted to approximately RMB1,061.3 million, which was primarily for the purchases of property, plant and equipment, the initial production settings for new products, acquisition of a land use right and the necessary equipment configurations for new projects. These investments enhanced the Group’s R&D and technological application capability and production efficiency, and thus expanded the sources of revenue. The Group adopts prudent financial policies, having its investment projects mostly capital-protected with fixed income, so as to strive for a stable and healthy financial position while improving returns. The Group will consider using financial instruments for hedging purposes if necessary and will continue to fund its future investments from its own financial resources. There were no material acquisitions or disposals of subsidiaries, associates and joint ventures by the Group for the six months ended 30 June 2021. Going forward, the Group intends to make further investments in enhancing its competitiveness. QUANTITATIVE AND QUALITATIVE DISCLOSURE ABOUT MARKET RISK Interest Rate Risk The Group is exposed to interest rate risks arising from its bank borrowings for working capital and capital expenditure that are associated with the expansion of the Group and utilisation for other purposes. The rising of interest rates increases the costs of both existing and new debts. As at 30 June 2021, the effective interest rate on fixed-rate bank borrowings was approximately 3.05% per annum, while the effective interest rate of variable-rate bank borrowings was approximately 0.69% to 0.75% per annum.