Interim Report 2019

14 Sunny Optical Technology (Group) Company Limited INTERIM REPORT 2019 Management Discussion and Analysis 管理層討論與分析 R&D Expenditure The R&D expenditure of the Group for the six months ended 30 June 2019 increased by approximately 51.8% or approximately RMB282.1 million to approximately RMB826.5 million as compared with the corresponding period of last year. It accounted for approximately 5.3% of the Group’s revenue during the period under review, compared to approximately 4.5% for the corresponding period of last year. The increase in overall R&D expenditure was attributable to the Group’s continuous investment in R&D projects and business development. The R&D expenditure was mainly used 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 six months ended 30 June 2019 increased by approximately 39.8% or approximately RMB73.3 million to approximately RMB257.4 million as compared with the corresponding period of last year. It accounted for approximately 1.7% of the Group’s revenue during the period under review, compared to approximately 1.5% for the corresponding period 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 Expenses The Group’s income tax expenses for the six months ended 30 June 2019 increased by approximately 2.5% or approximately RMB5.5 million to approximately RMB228.2 million as compared with the corresponding period of last year. The increase in absolute amount was mainly attributable to the increase in profit before tax. The Group’s actual effective tax rate was approximately 13.7% during the period under review and it was approximately 15.8% for the corresponding period of last year. 研發費用 截至二零一九年六月三十日止六個月，本集團 的研發費用較去年同期增加約 51.8% 或約人民幣 282,100,000 元，達至約人民幣 826,500,000 元， 於回顧期內佔本集團收入約 5.3% ，去年同期佔比 約 4.5% 。總體研發費用的增加乃本集團持續投放 資金於研發項目及業務發展所致。研發費用主要 用於原有產品的升級以及新興業務相關產品的研 發。 行政費用 截至二零一九年六月三十日止六個月，本集團 的行政費用較去年同期增加約 39.8% 或約人民幣 73,300,000 元，達至約人民幣 257,400,000 元， 於回顧期內佔本集團收入約 1.7% ，去年同期佔比 約 1.5% 。有關絕對金額的增加主要原因為行政員 工數量及薪資的上升，限制性股份的授出及相關 福利成本的相應提高。 所得稅開支 截至二零一九年六月三十日止六個月，本集團的 所得稅開支較去年同期增加約 2.5% 或約人民幣 5,500,000 元，達至約人民幣 228,200,000 元。有 關絕對金額的增加主要是由於除稅前溢利增加。 於回顧期內，本集團的實際有效稅率約 13.7% ， 去年同期則約 15.8% 。