Annual Report 2024

Management Discussion and Analysis 管理層討論與分析 20 Sunny Optical Technology (Group) Company Limited • ANNUAL REPORT 2024 於二零二四年十二月三十一日，本集團的現 金及現金等值項目約人民幣 4 , 508 , 700 , 000 元（二零二三年十二月三十一日：約人民幣 13,084,500,000 元）。有關現金及現金等值項 目主要以人民幣及美元（「 美元 」）計值。 經營活動 經營活動所得現金流入主要來自本集團產品銷 售現金收入。經營活動所用現金流出主要用 於購買原材料、銷售和分銷開支、研發開支 及行政開支。截至二零二四年十二月三十一 日止年度的經營活動所得現金淨額約人民幣 3,455,300,000 元，而截至二零二三年十二月 三十一日止年度的經營活動所得現金淨額則約 人民幣 2,664,500,000 元。 貿易應收款項周轉日數（期初和期末貿易應收 款項平均餘額╱收入 ×365 日）由截至二零二三 年十二月三十一日止年度的約 76 日下降至截至 二零二四年十二月三十一日止年度的約 70 日。 貿易應收款項周轉日數下降主要是因為二零 二四年短賬期客戶收入增長較快。 貿易應付款項及應計採購額周轉日數（期初和 期末貿易應付款項及應計採購額之平均餘額╱ 銷售成本 × 365 日）由截至二零二三年十二月 三十一日止年度的約 86 日增加至截至二零二四 年十二月三十一日止年度的約 87 日。有關周轉 日數的變動不大。 存貨周轉日數（期初和期末存貨平均餘額 ╱ 銷售成本 ×365 日）由截至二零二三年十二月 三十一日止年度的約 66 日下降至截至二零二四 年十二月三十一日止年度的約 64 日。存貨周轉 日數的減少主要是因為本集團加強了對存貨的 管理。 As at 31 December 2024, the Group’s cash and cash equivalents were approximately RMB4,508.7 million (31 December 2023: approximately RMB13,084.5 million). The cash and cash equivalents were mainly denominated in RMB and United States dollar (“ USD ”). Operating Activities Cash inflow from operating activities was mainly generated from cash receipt from sales of the Group’s products. Cash outflow from operating activities was mainly used for the purchases of raw materials, selling and distribution expenses, R&D expenditure and administrative expenses. Net cash from operating activities was approximately RMB3,455.3 million for the year ended 31 December 2024 and net cash from operating activities was approximately RMB2,664.5 million for the year ended 31 December 2023. The trade receivables turnover days (average of the opening and closing trade receivables balances/revenue ×365 days) decreased from approximately 76 days for the year ended 31 December 2023 to approximately 70 days for the year ended 31 December 2024. The decrease in trade receivables turnover days was mainly attributable to the fact that the revenue from those customers with shorter credit terms grew faster during the year of 2024. The trade payables and accrued purchases turnover days (average of the opening and closing trade payable and accrued purchases balances/cost of sales ×365 days) increased from approximately 86 days for the year ended 31 December 2023 to approximately 87 days for the year ended 31 December 2024. There was no significant change in the certain turnover days. The inventory turnover days (average of the opening and closing inventory balances/cost of sales ×365 days) decreased from approximately 66 days for the year ended 31 December 2023 to approximately 64 days for the year ended 31 December 2024. The decrease in the inventory turnover days was mainly attributable to the strengthening of the Group’s inventory management.