Interim Report 2020

26 Sunny Optical Technology (Group) Company Limited • INTERIM REPORT 2020 Management Discussion and Analysis 管理層討論與分析 In the opinion of the Directors of the Company, the fair value change of the unlisted financial products was insignificant for the six months ended 30 June 2020. The Board considers that the terms of such unlisted financial products are on normal commercial terms, fair and reasonable and in the interests of the Company and its shareholders as a whole. Such investment activities were funded primarily by the idle self-owned funds of the Group. Going forward, the Group will continue to diversify its investments among different banks to lower the concentration risk and will closely monitor the performance of investments made and future investments plan in accordance with its prudent policy to utilise and to increase the yield of the idle funds of the Group while maintaining a high level of liquidity and a low level of risk. Such investment activities were made and will be made on the premises that it would not adversely affect the working capital of the Group or the operation of the Group’s principal business. For the six months ended 30 June 2020, the Group’s investments amounted to approximately RMB1,526.7 million, which was primarily for the purchases of property, plant and equipment, the initial production settings for new products, acquisition of a land use right and the necessary equipment configurations for new projects. These investments enhanced the Group’s R&D and technological application capability and production efficiency, and thus expanded the sources of revenue. The Group adopts prudent financial policies, having its investment projects mostly capital-protected with fixed income, so as to strive for a stable and healthy financial position while improving returns. The Group will consider to use financial instruments for hedging purposes if necessary and will continue to fund its future investments from its own financial resources. Going forward, the Group intends to make further investments in enhancing its competitiveness. 本公司董事認為，截至二零二零年六月三十日 止六個月，非上市金融產品的公允值變動並不 重大。 董事會認為，該等非上市金融產品的條款符合 正常商業條款，屬公平合理及符合本公司及股 東的整體利益。 該等投資活動主要由本集團的閒置自有基金撥 付。展望未來，本集團將繼續多元化其於不同 銀行的投資，以降低風險集中度，並將密切監 察根據其審慎政策所作投資及未來投資計劃之 表現，以動用及增加本集團閒置資金收益，同 時，維持高流動性及低風險。該等投資活動進 行及將進行的前提為其不會對本集團營運資金 或本集團主要業務營運產生不利影響。 截至二零二零年六月三十日止六個月，本集 團動用約人民幣 1,526,700,000 元進行投資活 動，主要用作購置物業、機器及設備、新產品 之產能初始化設置、收購土地使用權和新項目 的必要設備配置。該等投資增強了本集團的研 發及技術應用能力及生產效率，並拓闊了收入 來源。 本集團財務政策保持審慎原則，投資項目多為 保本且帶來固定收益之項目，以求財務狀況穩 健的同時，提高回報。本集團將考慮使用金融 工具作對沖用途（如有需要），並將繼續以其自 身的財務資源作為其未來投資之資金來源。 展望未來，本集團擬進一步投資以加強競爭 力。