Interim Report 2024

Management Discussion and Analysis 管理層討論與分析 16 Sunny Optical Technology (Group) Company Limited • INTERIM REPORT 2024 Debt securities As at 30 June 2024, the Group had debt securities of approximately RMB2,917.9 million (31 December 2023: approximately RMB2,897.5 million). Gearing Ratio As at 30 June 2024, the Group’s gearing ratio was approximately 12.1% (31 December 2023: approximately 11.1%), which refers to the ratio of total borrowings to total capital (total capital being the sum of total liabilities and shareholders’ equity), reflecting that the Group’s financial position was at a sound level. Contingent liabilities As at 30 June 2024, the Group did not have any material contingent liabilities or guarantees. Financing and funding and treasury policies and objectives The Group adopts prudent financing and funding and treasury policies. The Group will seek bank borrowings and debt financing when its operating demand grows, and will regularly review its bank borrowings and debt securities regularly to achieve a sound financial position. PLEDGE OF ASSETS As at 30 June 2024, the Group did not have any pledge or charge on assets, except for the pledged bank deposits of approximately RMB5.9 million (31 December 2023: approximately RMB13.6 million). 債務證券 於二零二四年六月三十日，本集團的債務證券 約人民幣 2,917,900,000 元（二零二三年十二月 三十一日：約人民幣 2,897,500,000 元）。 負債比率 於二零二四年六月三十日，本集團的負債比率 約為 12.1% （二零二三年十二月三十一日：約 11.1% ），指總借款佔總資本的比率（總資本為 總負債與股東權益之和），反映出本集團財務狀 況處於穩健的水平。 或有負債 於二零二四年六月三十日，本集團並無任何重 大或有負債或擔保。 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 於二零二四年六月三十日，除已抵押銀行存 款約人民幣 5,900,000 元（二零二三年十二月 三十一日：約人民幣 13,600,000 元）外，本集 團並無任何資產抵押或押記。