Annual Report 2023

Management Discussion and Analysis 管理層討論與分析 20 Sunny Optical Technology (Group) Company Limited • ANNUAL REPORT 2023 LIQUIDITY AND FINANCIAL RESOURCES Cash Flows The table below summarises the Group’s cash flows for the years ended 31 December 2023 and 31 December 2022: For the year ended 31 December 截至十二月三十一日止年度 2023 2022 二零二三年 二零二二年 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 2,664.5 7,377.3 Net cash used in investing activities 投資活動所用現金淨額 (1,487.9) (3,833.9) Net cash from (used in) financing activities 融資活動所得（所用）現金淨額 4,857.7 (2,159.2) Funding and Financial Policy 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 requirements. In the long run, the Group will be mainly 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 year ended 31 December 2023. As at 31 December 2023, the Group had current assets of app r o x i ma t e l y RMB35 , 144 . 0 m i l l i on ( 31 De c embe r 2022 : app r ox ima t e l y RMB30,645.6 mi l l i on ) ; and cu r r en t l i ab i l i t i es of approximately RMB21,286.6 million (31 December 2022: approximately RMB19,336.9 million). The Group’s current ratio was approximately 1.7 times (31 December 2022: approximately 1.6 times). The Group’s total assets as at 31 December 2023 were approximately RMB50,297.1 million, representing an increase of approximately 17.0% as compared to that as at 31 December 2022. 流動資金及財政來源 現金流量 下表載列本集團截至二零二三年十二月三十一 日及二零二二年十二月三十一日止年度的現金 流量概要： 資金及財務政策 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、銀行借貸及債務融資以 應付短期內的營運資金及其它需求。長遠而 言，本集團主要會以經營活動所得之現金淨額 以及額外銀行借貸、債務融資或股權融資（如 有需要）所得資金經營。截至二零二三年十二 月三十一日止年度，本集團的資金及財務政策 並無重大變動。 於二零二三年十二月三十一日，本集團的流動 資產約為人民幣 35,144,000,000 元（二零二二 年十二月三十一日：約人民幣 30,645,600,000 元）；及流動負債約為人民幣 21,286,600,000 元（二零二二年十二月三十一日：約人民幣 19,336,900,000 元）。本集團的流動比率約 為 1.7 倍（二零二二年十二月三十一日：約 1.6 倍）。本集團於二零二三年十二月三十一日的 總資產約為人民幣 50,297,100,000 元，較二零 二二年十二月三十一日增加約 17.0% 。