Interim Report 2007

20 Sunny Optical Technology (Group) Company Limited Interim Report 2007 MANAGEMENT DISCUSSION AND ANALYSIS 管理層討論及分析 Other income Other income increased significantly by approximately 533.3%from approximately RMB4.5 million for the six months ended 30 June 2006 to approximately RMB28.5 million from the same period in 2007. The increase was mainly due to the interest income from share application. Selling and distribution expenses Selling and distribution expenses increased by approximately 64.9% from approximately RMB7.7 million for the six months ended 30 June 2006 to approximately RMB12.7 million from the same period in 2007. The significant increase was primarily due to the combination of increase in the costs for selling, marketing, and distribution personnel, and the increase in transportation fees and business development expenses arising from the growth in sales activities from the optoelectronic products segment. Research and development expenditure Research and development expenditures increased from approximately RMB3.1 million for the six months ended 30 June 2006 to approximately RMB7.5 million from the same period in 2007. Such increase mainly represented the increase in salary expenses for the research and development team in respect of the Group’s optoelectronic products business. Administrative expenses Administrative expenses increased by approximately 62.6% from approximately RMB30.2 million for the six months ended 30 June 2006 to approximately RMB49.1 million from the same period in 2007. Such increase was mainly caused by the listing expenses which are in non-recurring nature, approximated to RMB16.6 million. Moreover, administrative expenses included the increase in staff and administrative costs as well as depreciation expenses. Also given the increased headcounts, the related welfare costs increased accordingly. Income tax charge Income tax increased from almost zero for the six months ended 30 June 2006 to approximately RMB5.2 million in the same period in 2007 due to the elapse of tax free periods available under the applicable laws in the PRC to some sino-foreign equity joint ventures and the jointly foreign owned enterprise arrangements of some Company’s subsidiaries in the PRC. 其他收入 其他收入從截至二零零六年六月三十日止六 個月期間的約人民幣 4 5 0 萬元，大幅上升 約 5 3 3 . 3 % 至二零零七年同期的約人民 幣 2,850 萬元。這增長主要受惠於公開招股認 購款項所獲得之利息。 銷售及分銷費用 銷售及分銷費用從截至二零零六年六月三十 日止六個月期間的約人民幣 770 萬元，增加 約 64.9% 至二零零七年同期的約人民幣 1,270 萬元。有關費用的增加主要由於銷售、市場推 廣及分銷人員等費用上揚，加上交通費和業 務發展開支跟隨光電產品業務的銷售活動增 加而提高。 研發費用 研發費用由截至二零零六年六月三十日止六 個月期間的約人民幣 310 萬元，上升至二零零 七年同期間的約人民幣 750 萬元。有關增長乃 本集團光電產品業務的相關研發隊伍薪金開 支上升所致。 行政費用 行政費用增長了約 62.6% ，由截至二零零六 年六月三十日止六個月期間的約人民 幣 3,020 萬元增至二零零七年同期間的約人 民幣 4,910 萬元。上升的主要原因為須支付約 人民幣 1,660 萬元的一次性上市費用所致。 除此之外，本期的行政費用還包括了員工、行 政成本及資產折舊開支的增加，同時因行政 部門僱員增加，相關的福利成本亦相應提高。 所得稅開支 基於按照中國有關的規定，本集團部份在內 地的中外合資企業及聯營企業的免稅期屆 滿，所得稅開支由截至二零零六年六月三十 日止六個月期間的幾乎免稅，增加到二零零 七年同期的約人民幣 520 萬元。