Haier 2007 Annual Report Download - page 19

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Haier Electronics Group Co., Ltd. Annual Report 2007 海爾電器集團有限公司 二零零七年年報
Financial Review
財務回顧
The Group produces three types of water heaters, namely,
electrical water heaters, gas water heaters and solar
power water heaters. Electrical water heaters and gas
water heaters are currently the predominant types of
water heaters sold in the PRC while the market share of
solar power water heaters is still insignificant. However,
we are seeing significant market potential for solar water
heaters due to their environmentally friendly, safety and
energy efficient features. With our extensive experience
and expertise and strong emphasis on R&D, we believe
we would be able to take advantage of the growth
opportunities in this market in the long run.
In recognition of our technology excellence, the Group’s
patented PTOI0 technology
（防電牆技術）
, a safe care
water heater technology, which ensures users’ safety in
case of electricity leakage, was included in the 2006 IEC
standard proposal
（IEC國際標準提案）
, and was further
recognized as the national standard in the PRC with effect
from July 2007. Going forward, the Group will follow its
“safety-based products” philosophy in the design of water
heater products and continue to lead the industry in safety
technologies.
Liquidity and Financial Resources
The Group has maintained a healthy financial and liquidity
position with a current ratio of 114% as at 31 December
2007 (2006: 115%). As at 31 December 2007, the Group
had a cash balance of HK$595 million (2006: HK$627
million); bank and other borrowings of approximately
HK$215 million (2006: HK$137 million) of which
approximately HK$62 million (2006: HK$58 million) was
due within one year and approximately HK$153 million
(2006: HK$ 79 million) was due over one year; and zero-
coupon 3-year convertible notes (the “Convertible Notes”)
with a face value of HK$170 million (2006: HK$170 million)
and a liability element of HK$169 million (2006: HK$162
million) and was due to mature on 27 January 2008. The
Convertible Notes were fully converted into 94,444,444
shares of the Company at a conversion price of HK$1.8
per share in January 2008.
本集團生產三類熱水器，即電熱水器、燃氣熱水
器及太陽能熱水器。電熱水器及燃氣熱水器目前
為在中國出售之主要熱水器類別，而太陽能熱
水器之市場佔有率則仍然較低。然而，本集團預
期太陽能熱水器將因其環保、安全及具能源效益
之優點而具龐大市場潛力。憑藉本集團之豐富經
驗、專業知識以及著重研發，本集團相信長遠能
夠抓緊該市場之增長商機。
本集團之專利安全熱水器技術PTOI0防電牆技術
可在發生漏電時確保使用者之安全，該專利已獲
納入二零零六年IEC國際標準提案，並由二零零
七年七月起進一步獲認可為中國國家標準，足證
本集團之優秀技術廣受認同。未來，本集團將在
設計熱水器產品方面奉行其「產品以安全為本」之
理念，繼續在安全技術上領導業界。
流動資金及財務資源
本集團之財政及流動資金狀況穩健，於二零
零七年十二月三十一日之流動比率為114%
（二零零六年：
115%）。於二零零七年十二月
三十一日，本集團之現金結餘為595,000,000
港元（二零零六年：
627,000,000港元）；銀行
及其他借貸約215,000,000港元（二零零六年：
137,000,000港元），其中約62,000,000 港元（二
零零六年：58,000,000 港元）於一年內到期，而
約153,000,000港元（二零零六年：
79,000,000
港元）於超過一年後到期；及零息三年期可換股
票據（「可換股票據」）之面值為170,000,000 港元
（二零零六年：170,000,000 港元），其負債部分
為169,000,000港元（二零零六年：162,000,000
港元），於二零零八年一月二十七日到期。可換
股票據於二零零八年一月按每股1.8港元之兌換
價全數兌換為94,444,444 股本公司股份。