Annual Report 2007

Management Discussion and Analysis 管理層討論及分析 12 Sunny Optical Technology (Group) Company Limited 舜宇光學科技（集團）有限公司 Costs of sales For the year ended 31 December 2007, the costs of sales of the Group amounted to approximately RMB1,005.3 million. The costs of parts and components, direct labour and overhead represented approximately 74.5%, 12.9% and 12.6% of the total costs of sales respectively. For the year ended 31 December 2006, the total costs of sales amounted to approximately RMB652.9 million. The costs of parts and components, direct labour and overhead represented approximately 71.7%, 11.1% and 17.2% of the total costs of sales respectively. Gross profit and margin Gross profit increased by approximately 52.0% from around RMB247.8 million for the year ended 31 December 2006 to approximately RMB376.6 million for the year of 2007. With the benefit of economy of scale, effective cost control and decrease in the price of certain main raw materials, such as complementary MOS (CMOS) sensors, the Group was able to alleviate the pressure from decreasing gross profit margin of the existing products. As a result, the Group’s gross profit margin was maintained at a stable level at approximately 27.3% in 2007, as compared to 27.5% in the previous year. Other income Other income increased significantly by approximately 822.0% from approximately RMB5.0 million for the year ended 31 December 2006 to approximately RMB46.1 million in 2007. The increase was mainly due to the interest income from share application and subsidy income. Selling and distribution expenses Selling and distribution expenses, which represented approximately 2.4% to the Group’s revenue, increased by approximately 72.3% from approximately RMB19.1 million for the year ended 31 December 2006 to approximately RMB32.9 million for the year of 2007. The significant increase was primarily due to the increase in the costs for selling, marketing, and distribution personnel, and the increase in transportation fees and other expenses arising from the growth in sales activities from the optical component and optoelectronic products segments at 66.6% and 57.7% growth in sales respectively. 銷售成本 截至二零零七年十二月三十一日止年度，本集 團的銷售成本約為人民幣 1,005,300,000 元。零 部件成本、直接勞工成本及間接費用分別佔總 銷 售 成 本 約 74.5% 、 12.9% 及 12.6% 。 截 至 二 零零六年十二月三十一日止年度，總銷售成本 約為人民幣 652,900,000 元。零部件成本、直 接勞工成本及間接費用分別佔總銷售成本約 71.7% 、 11.1% 及 17.2% 。 毛利及毛利率 毛利從截至二零零六年十二月三十一日止年度 約人民幣 247,800,000 元上升約 52.0% 至二零零 七年約人民幣 376,600,000 元。隨着規模生產效 益的體現、成本控制手段的優化及主要原材料 如互補金屬氧化物半導體 CMOS 芯片價格的下 降，抵銷現有產品毛利率下降的壓力。因此， 二零零七年本集團的毛利率維持在約 27.3% 的 穩定水平，而去年則為 27.5% 。 其他收入 其他收入從截至二零零六年十二月三十一日止 年度約人民幣 5,000,000 元大幅上升約 822.0% 至二零零七年約人民幣 46,100,000 元，該增長 主要來自申請股票的利息收入和補貼收入。 銷售及分銷費用 銷售及分銷費用，佔本集團的收入約 2.4% ， 從截至二零零六年十二月三十一日止年度約人 民幣 19,100,000 元增加約 72.3% 至二零零七年 約人民幣 32,900,000 元。有關費用大幅增加主 要是因為光學零部件和光電產品分部銷售額分 別增加 66.6% 和 57.7% 的情況下，銷售、市場 推廣及分銷人員成本增加，以及運輸費用與其 他開支的上升。