Interim Report 2018

Management Discussion and Analysis 管理層討論與分析 舜宇光學科技（集團）有限公司 2018 中期報告 17 流動資金及財政來源 現金流量 下表載列本集團於截至二零一八年六月三十日及 二零一七年六月三十日止六個月期間的現金流量 概要： For the six months ended 30 June 截至六月三十日止六個月 2018 2017 二零一八年 二零一七年 RMB million RMB million 人民幣百萬元 人民幣百萬元 Net cash from operating activities 經營活動所得現金淨額 599.6 578.5 Net cash used in investing activities 投資活動所用現金淨額 (3,495.3) (524.8) Net cash from financing activities 融資活動所得現金淨額 3,137.9 144.1 本集團營運資金主要來自手頭現金及經營活動所 得之現金淨額。董事會預期本集團將依賴經營活 動所得現金淨額、銀行借貸及債券融資以應付短 期內的營運資金及其它資本開支需求。長遠而 言，本集團會以經營活動所得淨現金以及額外銀 行借貸、債券融資或股權融資（如有需要）所得資 金經營。截至二零一八年六月三十日止六個月， 本集團的資金及財務政策並無重大變動。 本集團於二零一八年六月三十日的現金及現金等 值項目餘額約人民幣 1,497,200,000 元，比今年年 初增加約人民幣 270,300,000 元。 資本開支 截至二零一八年六月三十日止六個月，本集團的 資本開支約人民幣 1,092,000,000 元。資本開支主 要用作購置物業、機器及設備、購買土地使用權、 購置無形資產和其它有形資產。所有資本開支均來 源於內部資源、債券融資及銀行借貸撥付。 LIQUIDITY AND FINANCIAL RESOURCES Cash Flows The table below summarises the Group’s cash flows for the six months ended 30 June 2018 and 30 June 2017: The Group derives its working capital mainly from cash on hand and net cash generated from operating activities. The Board expects that the Group will rely on net cash generated from operating activities, bank borrowings and debt financing to meet its working capital and other capital expenditure requirements in the short run. In the long run, the Group will be funded by net cash from operating activities, and if necessary, by additional bank borrowings, debt financing or equity financing. There were no material changes in the funding and financial policies of the Group for the six months ended 30 June 2018. The Group’s balance of cash and cash equivalents was approximately RMB1,497.2 million as at 30 June 2018, representing an increase of approximately RMB270.3 million when compared to the beginning of this year. Capital Expenditure For the six months ended 30 June 2018, the Group’s capital expenditure amounted to approximately RMB1,092.0 million, which was mainly used for the purchases of property, plant and equipment, acquisition of land use right, purchase of intangible assets and other tangible assets. All of the capital expenditure was financed by internal resources, debt financing and bank borrowings.