Interim Report 2015

Management Discussion and Analysis 管理層討論與分析 10 Sunny Optical Technology (Group) Company Limited INTERIM REPORT 2015 研發費用 研發費用由截至二零一四年六月三十日止六個 月期間的約為人民幣 149,200,000 元升至二零一 五年同期的約為人民幣 236,700,000 元，增加約 58.7% ，於回顧期內佔本集團收入約 5.1% ，所佔 比例較去年同期上升約 1.2 個百分點。有關增長 乃本集團持續投放資金於研發項目及業務發展所 致。研發費用主要用於研發高規格手機鏡頭及照 相模組、車載鏡頭、紅外產品、安防監控系統、 中高階光學儀器及原有產品種類的升級研發。 行政費用 行政費用由截至二零一四年六月三十日止六個 月期間的約為人民幣 100,700,000 元增至二零一 五年同期的約為人民幣 118,000,000 元，增加約 17.2% ，於回顧期內佔本集團收入約 2.5% ，所佔 比例較去年同期下降 0.1 個百分點。總體行政費用 上升的主要原因為行政員工數量及薪資的上升， 限制性股份的授出及相關福利成本相應提高所致。 所得稅開支 所得稅開支由截至二零一四年六月三十日止年度 期間約人民幣 46,700,000 元下降到二零一五年同 期的約為人民幣 39,900,000 元。下降的主要原因 為本集團多家中國附屬公司成功申請成為「高新 科技企業」。依國家政策，高新科技企業的所得稅 率為 15.0% 。於回顧期內，本集團的有效稅率約 為 11.4% ，去年同期約為 15.6% 。 R&D Expenditure R&D expenditure increased by approximately 58.7% from approximately RMB149.2 million for the six months ended 30 June 2014 to approximately RMB236.7 million for the corresponding period of 2015. It accounted for approximately 5.1% of the Group’s revenue during the period under review, which was approximately 1.2 percentage points higher than that for the corresponding period of last year. The increase was attributable to the Group’s continuous investment in R&D activities and business development. The R&D expenditure was mainly used in the R&D of high-end handset lens sets and camera 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 increased by approximately 17.2% from approximately RMB100.7 million for the six months ended 30 June 2014 to approximately RMB118.0 million for the corresponding period of 2015. It accounted for approximately 2.5% of the Group’s revenue during the period under review, which was approximately 0.1 percentage points lower than that for the corresponding period of last year. The increase in overall administrative expenses was mainly due 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 decreased from approximately RMB46.7 million for the year ended 30 June 2014 to approximately RMB39.9 million for the corresponding period of 2015. The decrease was mainly because more subsidiaries of the Group in the PRC have successfully applied for the status of “Hi-Tech Enterprises”. The income tax rate applicable to Hi-Tech enterprises is 15.0% according to the national policy in the PRC. The Group’s effective tax rate was approximately 11.4% during the period under review and approximately 15.6% for the corresponding period of last year.