Annual Report 2020

Sunny Optical Technology (Group) Company Limited • ANNUAL REPORT 2020 22 Management Discussion and Analysis 管理層討論與分析 Gross Profit and Margin The gross profit of the Group for the year ended 31 December 2020 was approximately RMB8,697.9 million, representing an increase of approximately 12.2% compared to that of last year. The gross profit margin was approximately 22.9% (2019: approximately 20.5%), which was approximately 2.4 percentage points higher compared to that of last year. The increase in gross profit margin was mainly attributable to the improvement in gross profit margin of handset camera modules under Optoelectronic Products business segment which contributed approximately 75.0% of the Group’s total revenue, from 9.3% in 2019 to 12.6% in 2020. The gross profit margins of Optical Components business segment, Optoelectronic Products business segment and Optical Instruments business segment were approximately 42.8%, 12.6% and 39.2%, respectively (2019: approximately 45.2%, 9.3% and 41.3% respectively). Selling and Distribution Expenses The selling and distribution expenses of the Group for the year ended 31 December 2020 increased by approximately RMB34.9 million compared to that of last year to approximately RMB313.5 million. It accounted for approximately 0.8% of the Group’s revenue during the year, compared to approximately 0.7% of last year. The increase in absolute amount was primarily attributable to the increase in the headcount and remuneration of sales staff. R&D Expenditure The R&D expenditure of the Group for the year ended 31 December 2020 increased by approximately RMB289.8 million compared to that of last year to approximately RMB2,499.1 million. It accounted for approximately 6.6% of the Group’s revenue during the year, compared to approximately 5.9% of last year. The increase in overall R&D expenditure was attributable to the Group’s continuous investments in the upgrade of existing products and the R&D of products related to the emerging businesses. 毛利及毛利率 截至二零二零年十二月三十一日止年度，本集 團的毛利約人民幣 8,697,900,000 元，較去年 上升約 12.2% 。毛利率則約 22.9% （二零一九 年：約 20.5% ），較去年上升約 2.4 個百分點。 毛利率的上升主要是由於光電產品事業下的手 機攝像模組的毛利率從二零一九年的 9.3% 提升 至二零二零年的 12.6% ，且該業務部門佔本集 團的總收入約 75.0% 。 光學零件事業的毛利率約 42.8% （二零一九年： 約 45.2% ），光電產品事業的毛利率約 12.6% （二零一九年：約 9.3% ）及光學儀器事業的毛利 率約 39.2% （二零一九年：約 41.3% ）。 銷售及分銷開支 截至二零二零年十二月三十一日止年度，本 集團的銷售及分銷開支較去年增加約人民幣 34,900,000 元，達至約人民幣 313,500,000 元，於年內佔本集團收入約 0.8% ，去年佔比約 0.7% 。有關絕對金額的增加主要是由於銷售員 工人數及薪資的上升。 研發開支 截至二零二零年十二月三十一日止年度， 本 集 團 的 研 發 開 支 較 去 年 增 加 約 人 民 幣 289,800,000 元，達至約人民幣 2,499,100,000 元，於年內佔本集團收入約 6.6% ，去年佔比約 5.9% 。總體研發開支的增加是由於本集團持續 投入於現有產品的升級以及新興業務相關產品 的研發。