Annual Report 2020

REPORT OF THE DIRECTORS 董事會報告書 85 2020 ANNUAL REPORT 年報 主要風險和不明朗因素 （續） 關於本集團經營業務的風險和不明朗因 素 （續） 2. 在本年度回顧，鋼簾線的平均售價上升， 是由於鋼簾線行業產能過剩得到舒緩，新 產品的引進，有效的產品組合及努力提高 出口的擴充所致。鋼簾線的售價高度依賴 於中國的供求情況和其主要原材料的價 格－鋼絲盤條。因此，這兩個因素的任何 變化將對鋼簾線分部有重大影響。 3. 在本年度回顧，本集團銷售予首五大客戶 之營業額約佔本年度本集團總營業額之 46% 。該等客戶業務營運、財務狀況或採 購模式的任何變化可能對本集團的營業 額有負面影響。 管理該等潛在的風險和不明朗因素帶來的影響 之措施已在本年報「 管理層論述及分析 」一節 中「 業務回顧 」標題中描述。 關於本集團之業績及財務狀況的風險和不 明朗因素 1. 下列因素可能對本集團的營業額和淨利 潤有負面影響： a. 營業額來源組合的變化，例如鋼簾 線分部的收入來自銷售用於載重輪 胎、工程輪胎和轎車輪胎之鋼簾線； b. 中國和全球市場的不理想經濟發展 可能會對我們鋼簾線分部造成負面 影響； PRINCIPAL RISKS AND UNCERTAINTIES (continued) Risks and uncertainties relating to the Group’s business operations (continued) 2. The average selling price of steel cords increased during the year under review, attributable to the relief in over capacity situation of steel cord industry together with the introduction of new products, effective product mix and effort in expansion of exports. The selling price of steel cords is highly dependent on the supply and demand situation in the PRC as well as the price of its major material – steel wire rod; therefore, any change in these two factors will have material impact to the steel cord segment. 3. The revenue from sales to top five customers of the Group accounted for 46% of total revenue of the Group for the year under review. Any change to the business operations, financial conditions or purchasing patterns of these customers may have adverse impact to the revenue of the Group. The measures to manage the impact on these potential risks and uncertainties are described in the heading “ BUSINESS REVIEW ” of the section of the “ MANAGEMENT DISCUSSION AND ANALYSIS ” of this annual report. Risks and uncertainties relating to the Group’s results and financial position 1. The following factors may have negative impact on the revenue and net results of the Group: a. Change in the mix of revenue contributions, such as the income of steel cord segment from sales of steel cord for truck tyres, off the road truck tyres and passenger car tyres; b. Unfavorable economic development in the PRC and worldwide markets that may have negative impact on our steel cord segment;