Interim Report 2018

Management Discussion and Analysis 管理層討論與分析 22 Sunny Optical Technology (Group) Company Limited INTERIM REPORT 2018 In order to reduce the credit risk in relation to trade receivables, the management has delegated a team which is responsible for the determination of credit limits, credit approvals and other monitoring procedures to ensure that appropriate follow-up actions are taken to recover overdue debts. In addition, the Group reviews the recoverable amount of each individual trade debt at the end of each reporting period to ensure that adequate impairment losses are made for irrecoverable amounts. Therefore, the Directors consider that the Group’s credit risks have been significantly reduced. The amounts presented in the consolidated statement of financial position are net of allowances for bad and doubtful debts, estimated by the management based on prior experience, their assessment of the current economic environment and the discounted cash flows to be received in future. The Group has no significant credit concentration risks since its trade receivables are dispersed to a large number of counterparties and customers. The credit risk on liquidity is limited because majority of the counterparties of the Group are banks with high credit-ratings as rated by international credit-rating agencies. EMPLOYEE AND REMUNERAT ION POLICY The Group had a total of 14,889 full-time employees as at 30 June 2018, including 6,919 management and administrative staff, 7,323 production workers and 647 operation supporting staff. The full-time employees decreased by 47.8% compared with 28,540 employees as at 31 December, 2017, primarily because the Group outsourced part of its manufacturing in order to enhance the management of manufacturing employees, so that the number of manufacturing employees correspondingly decreased. In order to retain outstanding talents, with reference to the performance of the Company and individual employees, the Group offered its employees a competitive remuneration package which includes salaries, medical insurance, discretionary bonuses, other employee benefits as well as mandatory provident fund scheme for employees in Hong Kong and state-managed retirement benefit scheme for employees in the PRC. The Group has also adopted a share option scheme (the “ Scheme ”) and a Restricted Share Award Scheme (“ Restricted Share Award Scheme ”), for the purposes of providing incentives and rewards to eligible employees to recognise their contribution to the Group, so as to enhance their ownership spirits. For the six months ended 30 June 2018, no share option was granted or agreed to be granted by the Company under the Scheme. In addition, during the six months ended 30 June 2018, 530,440 shares were granted to eligible participants in accordance with the Restricted Share Award Scheme. 為減低有關貿易應收款項的信貸風險，管理層已 委派專責隊伍，負責釐定信貸限額、審批信貸及 其他監察程序，以確保採取適當的跟進行動收回 過期債務。此外，本集團於每個報告期期末檢討 各項貿易債務的可回收金額，確保已為不可收回 金額計提足夠減值虧損。因此，董事認為本集團 的信貸風險已大大降低。綜合財務狀況表所示金 額已扣除呆壞賬撥備，乃管理層根據過往經驗、 對當時經濟環境的評估及將於日後收取的現金流 量貼現值估計。 本集團的貿易應收款項分散於大量交易對手及客 戶，故無重大信貸集中風險。由於本集團大部分 交易對手為獲國際信貸評級機構評定有高信貸評 級的銀行，故流動資金的信貸風險有限。 僱員和薪酬政策 於二零一八年六月三十日，本集團擁有 14,889 名 全職僱員，包括 6,919 名管理和行政人員， 7,323 名生產人員和 647 名營運支持人員。全職僱員人 數相比二零一七年十二月三十一日的 28,540 名下 降 47.8% ，主要原因是本集團為加強生產員工的 管理，部分製造崗位採用了勞務外包，因此生產 員工人數相應減少。為挽留傑出人才，本集團根 據公司整體及員工的個別表現，向僱員提供具競 爭力之薪酬福利，包括薪資、醫療保險、酌情花 紅、其它員工福利、強制性公積金計劃（香港）及 國家管理退休福利計劃（國內）等。本集團亦採納 購股權計劃（「 該計劃 」）及受限制股份獎勵計劃 （「 受限制股份獎勵計劃 」），旨在為對本集團有貢 獻的合資格者提供鼓勵和獎勵，增強員工的主人 翁精神。截至二零一八年六月三十日止六個月， 本公司並無根據該計劃向任何人士授出或同意授 出購股權。此外，於截至二零一八年六月三十日 止六個月期間內， 530,440 股股份根據受限制股 份獎勵計劃授予合資格參與者。