Annual Report 2019

22 Sunny Optical Technology (Group) Company Limited • ANNUAL REPORT 2019 Management Discussion and Analysis 管理層討論與分析 Selling and Distribution Expenses The selling and distribution expenses of the Group for the year ended 31 December 2019 increased by approximately RMB68.7 million compared to that of last year to approximately RMB278.6 million. It accounted for approximately 0.7% of the Group’s revenue during the year, compared to approximately 0.8% of last year. The increase in absolute amount was primarily attributable to the increase in the costs of selling, marketing and distribution personnel resulted from the increased sales activities. R&D Expenditure The R&D expenditure of the Group for the year ended 31 December 2019 increased by approximately RMB847.0 million compared to that of last year to approximately RMB2,209.3 million. It accounted for approximately 5.9% of the Group’s revenue during the year, compared to approximately 5.3% of last year. The increase in overall R&D expenditure was attributable to the Group’s continuous investments in the upgrade of existing products and the R&D of the products related to the emerging businesses. Administrative Expenses The administrative expenses of the Group for the year ended 31 December 2019 increased by approximately RMB216.5 million compared to that of last year to approximately RMB650.4 million. It accounted for approximately 1.7% of the Group’s revenue during the year, which was the same compared to that of last year. The increase in absolute amount was mainly attributable to the increase in the headcount and remuneration of administrative staff, the grant of restricted shares and the corresponding increase in relevant fringe benefits.. Income Tax Expense The income tax expense of the Group for the year ended 31 December 2019 increased by approximately RMB192.4 million compared to that of last year to approximately RMB531.0 million. The increase in income tax expense was mainly attributable to the increase in profit before tax. The Group’s effective tax rate was approximately 11.7% during the year, compared to approximately 11.9% of last year. 銷售及分銷開支 截至二零一九年十二月三十一日止年度，本 集團的銷售及分銷開支較去年增加約人民幣 68,700,000 元，達至約人民幣 278,600,000 元，於年內佔本集團收入約 0.7% ，去年佔比約 0.8% 。絕對金額的增加主要是由於營銷活動增 加導致相關銷售、市場推廣及分銷人員的成本 增加。 研發開支 截至二零一九年十二月三十一日止年度， 本集團的研發開支較去年增加約人民幣 847,000,000 元，達至約人民幣 2,209,300,000 元，於年內佔本集團收入約 5.9% ，去年佔比約 5.3% 。總體研發開支的增加是由於本集團持續 投放資金於現有產品的升級以及新興業務相關 產品的研發上。 行政開支 截至二零一九年十二月三十一日止年度， 本集團的行政開支較去年增加約人民幣 216,500,000 元，達至約人民幣 650,400,000 元，於年內佔本集團收入約 1.7% ，與去年佔比 相同。絕對金額的增加主要是因為行政員工數 量及薪資的上升，限制性股份的授出及相關福 利成本的提高。 所得稅開支 截至二零一九年十二月三十一日止年度， 本集團的所得稅開支較去年增加約人民幣 192,400,000 元，達至約人民幣 531,000,000 元。所得稅開支增加的主要原因是除稅前溢利 增加。於年內，本集團的有效稅率約 11.7% ， 去年則約 11.9% 。