Interim Report 2020

舜宇光學科技（集團）有限公司 • 2020 中報 21 Management Discussion and Analysis 管理層討論與分析 LIQUIDITY AND FINANCIAL RESOURCES Cash Flows The table below summarises the Group’s cash flows for the six months ended 30 June 2020 and 30 June 2019: For the six months ended 30 June 截至六月三十日止六個月 2020 2019 二零二零年 二零一九年 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 2,003.9 1,158.4 Net cash used in investing activities 投資活動所用現金淨額 (1,918.8) (574.3) Net cash used in financing activities 融資活動所用現金淨額 (206.2) (1,226.0) 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 in the short run to meet its working capital and other capital expenditure requirements. 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 policy of the Group for the six months ended 30 June 2020. The Group’s balance of cash and cash equivalents represented by bank balances and cash was approximately RMB1,800.5 million as at 30 June 2020, representing a decrease of approximately RMB116.8 million when compared to the balance of the end of last year. Capital Expenditure For the six months ended 30 June 2020, the Group’s capital expenditure amounted to approximately RMB1,526.7 million, which was mainly used for the purchase of property, plant and equipment, acquisition of a land use right, payment for intangible assets and purchases of other tangible assets. All of the capital expenditure was financed by internal resources and bank borrowings. 流動資金及財政來源 現金流量 下表載列本集團於截至二零二零年六月三十日 及二零一九年六月三十日止六個月的現金流量 概要： 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。截至二零二零年六月 三十日止六個月，本集團的資金及財務政策並 無重大變動。 本集團於二零二零年六月三十日以銀行結餘及 現金呈列的現金及現金等值項目餘額約人民幣 1,800,500,000 元，較去年年底的餘額減少約 人民幣 116,800,000 元。 資本開支 截至二零二零年六月三十日止六個月，本集團 的資本開支約人民幣 1,526,700,000 元，主要 用作購置物業、機器及設備、收購土地使用 權、無形資產付款和購置其他有形資產。所有 資本開支均來源於內部資源及銀行借貸撥付。