Annual Report 2020

REPORT OF THE DIRECTORS 董事會報告書 87 2020 ANNUAL REPORT 年報 主要風險和不明朗因素 （續） 關於本集團之業績及財務狀況的風險和不 明朗因素 （續） 4. 本集團運用一定程度的銀行貸款為其營 運提供資金。於二零二零年十二月三十一 日，所有銀行貸款均於一年內到期，因此 本集團將面臨當該等貸款到期時無法償 還的流動性風險。本集團預期將運用來自 其營運產生的現金和銀行融資及其他來 源以償還於二零二一年到期貸款，以逐漸 減少本集團的計息貸款總額。然而，本集 團產生足夠現金來償還其未償還貸款的 能力和義務將取決於其將來的各業務分 部的營運表現，而其將受到各種因素的影 響，例如：現行的經濟和流動性狀況、產 品的需求和現行售價。而本集團能否再融 資貸款亦取決於許多因素，包括本集團的 營運表現和財務狀況、現行的經濟條件、 各貸款人的現行信貸政策和金融市場的 流動性。如果本集團無法償還於二零二一 年到期的貸款，可能會導致違約及將對本 集團的財務狀況有顯著的負面影響，因本 集團將被要求加快償還全部或部分的未 償還的貸款。本公司管理層正在尋求各銀 行再融資來減輕這些潛在的風險。 PRINCIPAL RISKS AND UNCERTAINTIES (continued) Risks and uncertainties relating to the Group’s results and financial position (continued) 4. The Group utilised a certain extent of bank borrowings to finance its operations. As at 31 December 2020, all bank borrowings are due within one year, therefore the Group will be exposed to the liquidity risks of inability of repaying these borrowings when due. The Group is expected to service the debt repayments due in 2021 by utilising cash generated from its operations, refinancing from banks and other sources, with an objective to gradually reduce the amount of interest bearing borrowings of the Group. However, the Group’s ability to generate sufficient cash to service its outstanding debts and obligations will depend on the operating performance of its various business segments in the future, which will be affected by factors such as the prevailing economic and liquidity conditions, the demand of its products and prevailing selling prices. Whether the Group can refinance its borrowings also depends on a number of factors, including the operating performance and financial conditions of the Group, the prevailing economic conditions, the prevailing credit policy of respective lender and the liquidity of the financial markets. If the Group is unable to service any of its borrowings due in 2021, this may result in a default and will have significant adverse impact to the financial position of the Group as the Group will be requested to repay full or part of its outstanding borrowings on an accelerated basis. The management of the Company is seeking for various banks refinancing to mitigate these potential risks.