Interim Report 2012

Management Discussion and Analysis 管理層討論與分析 Sunny Optical Technology (Group) Company Limited 舜宇光學科技（集團）有限公司 / Interim Report 2012 中期報告 4 研發費用 研發費用由截至二零一一年六月三十日止六 個月期間的約為人民幣 51,700,000 元升至二 零一二年同期的約為人民幣 67,900,000 元， 於回顧期內佔本集團收入約 3.8% 。有關增長 主要由於本集團繼續投放資金於研發項目及 業務發展所致。主要費用用於高像素手機鏡 頭及照相模組、智能電視視頻模組、車載鏡 頭、紅外產品、安防監控系統、中高階光學 儀器的研發及原有產品種類的升級研發。 行政費用 行政費用由截至二零一一年六月三十日止六 個月期間的約為人民幣 61,600,000 元增至二 零一二年同期的約為人民幣 75,300,000 元， 增加約 22.2% ，於回顧期內佔本集團收入約 4.3% ，所佔比例較去年同期下降 1.3 個百分 點。總體費用上升的主要原因為行政員工數 量及薪金的上升，限制性股份的授出及相關 福利成本的相應提高所致。 所得稅開支 所得稅開支由截至二零一一年六月三十日止 六個月期間約為人民幣 22,700,000 元增加到 二零一二年同期的約為人民幣 32,400,000 元。增加的主要原因為盈利的擴大。於二零 一二年上半年財政年度，本集團的有效稅率 約 17.3% ，去年同期約 20.6% 。本集團為使 有效稅率在未來保持穩定，目前多家中國附 屬公司已成功申請成為高新技術企業。依中 國國家政策，高新技術企業的所得稅稅率為 15% 。 R&D Expenditure R&D expenditure increased from approximately RMB51.7 million for the six months ended 30 June 2011 to approximately RMB67.9 million for the corresponding period of 2012, accounting for approximately 3.8% of the Group’s revenue during the period under review. The increase was mainly attributable to the continuous investment in R&D activities and business development, including the research and development of high resolution handset lens sets and camera modules, smart television video modules, vehicle lens sets, infrared products, security surveillance systems, mid- to high-end optical instruments and the upgrade of existing product categories. Administrative Expenses Administrative expenses, represented approximately 4.3% of the Group’s revenue which was 1.3 percentage-point lower than that of the corresponding period of the previous year, increased from approximately RMB61.6 million during the six months ended 30 June 2011 to approximately RMB75.3 million for the corresponding period of 2012, representing an increase of approximately 22.2%. The increase in overall expenses was mainly attributable to the increase in the headcount of administrative staff, the increase in remuneration, the grant of restricted shares and the corresponding increase of relevant fringe benefits. Income Tax Expense Income tax expense for the six months ended 30 June 2012 increased to approximately RMB32.4 million from approximately RMB22.7 million for the corresponding period of 2011. Such increase was mainly due to the growth in earnings. The Group’s effective tax rate was approximately 17.3% for the first half of financial year 2012 and approximately 20.6% for the corresponding period of the previous year. In order to keep the effective tax rate steady in the future, the Group has successfully applied for the status of Hi-Tech enterprises for several of its subsidiaries in the PRC. The income tax rate applicable to Hi- Tech enterprises is 15% according to the national policy in the PRC.