Annual Report 2009

Sunny Optical Technology (Group) Company Limited 舜宇光學科技（集團）有限公司 / Annual Report 2009 年報 23 Management Discussion and Analysis 管理層討論與分析 R&D Expenditure R&D expenditure, which represented approximately 5.8% of the Group’s revenue during the year under review, increased from approximately RMB56.1 million for the year ended 31 December 2008 to approximately RMB75.9 million for the corresponding period in 2009. The increase was due to the continuous investment in R&D activities and projects, including security surveillance systems, aspheric glass lenses, infrared products, mid and high-end new optical instruments and the upgrading of existing product categories. Administrative Expenses Administrative expenses, which represented approximately 7.2% of the Group’s revenue during the period under review, decreased from approximately RMB108.0 million during the year ended 31 December 2008 to approximately RMB93.8 million for the corresponding period in 2009, representing a decrease of 13.1%. The decrease was mainly attributable to the strengthened budget management on administrative expenses by the Group. Income Tax Expense Income tax expense for the year ended 31 December 2009 increased to approximately RMB12.8 million from approximately RMB12.1 million for the year ended 31 December 2008. Such increase came from the elapse of tax free periods of the first 2 years that some of the Company’s subsidiaries in the PRC had enjoyed in the previous years under the applicable laws of PRC as sino-foreign equity joint ventures and jointly foreign owned enterprises. The Group’s effective tax rate for the year was approximately 12.8%. In order to keep the effective tax rate steady, the Company has successfully applied as hi-tech enterprises for several PRC subsidiaries. Income tax for hi-tech enterprises is 15% according to the national policy. 研發費用 研發費用由截至二零零八年十二月三十一日止年 度期間約為人民幣 56,100,000 元升至二零零九年 同期約為人民幣 75,900,000 元，於回顧年度佔本 集團收入約 5.8% 。有關增長乃本集團繼續投放資 金於研發項目及業務發展所致。主要用於安防監 控系統、玻璃非球面、紅外產品、中高端新型光 學儀器及原有產品種類的升級研發。 行政費用 行政費用由截至二零零八年十二月三十一日止 年度期間約為人民幣 108,000,000 元減至二零 零九年同期約為人民幣 93,800,000 元，減少約 13.1% ，於回顧期內佔本集團收入約 7.2% 。減少 主要是由於本集團加強對行政費用的預算管理。 所得稅支出 由於按照中國有關法律的規定，本集團部份中國 附屬公司作為中外合資企業及聯營企業的首兩年 免稅期屆滿，所得稅支出由截至二零零八年十二 月三十一日止年度期間約人民幣 12,100,000 元增 加到二零零九年同期約人民幣 12,800,000 元。於 年內，本集團的實際有效稅率約為 12.8% 。 目前本集團為使有效稅率在未來保持穩定，多家 附屬公司已成功申請成為高新技術企業。依國家 政策，高新技術企業的所得稅率為 15% 。