Interim Report 2020

04 Sunny Optical Technology (Group) Company Limited • INTERIM REPORT 2020 Management Discussion and Analysis 管理層討論與分析 MARKET REVIEW In early 2020, the outbreak of coronavirus disease 2019 (“ COVID-19 ”) has led to worldwide spreading and the declaration of public health emergencies in many countries and regions, and the imposition of massive travel restrictions, social distancing and suspension of work and school, resulting in a significant drop in various economic activities and an enormous downward pressure on the macro economy. The gross domestic product in China decreased by 6.8% in the first quarter compared to the corresponding period of last year. Since then, COVID-19 has gradually been under control in China. With the orderly progress of the resumption of work and production, together with a series of measures taken by the local governments in China to promote consumption, the economy in China recovered in the second quarter. In contrast to the situation in China, the outbreak of overseas epidemic has not been fully controlled. There are still many countries and regions facing worsening situation. The global shipment volume of smartphone has declined sharply due to the ravages of COVID-19, poor performance in the smartphone terminal market and continuing weak aggregate demand. According to the report issued by Canalys, a market analyst firm, the global shipment volume of smartphone in the first half of 2020 was approximately 557,200,000 units, representing a decrease of approximately 13.7% compared to the corresponding period of last year. However, with the implementation of epidemic prevention and control measures and the gradual appearance of the effect of epidemic control in China, the domestic smartphone market has taken the lead in recovery. Meanwhile, the trend of concentration of technological advantages of top smartphone brands is becoming prevalent. In the long run, against the backdrop of COVID-19 gradually becoming the “normality”, the trend of upgrading the specifications of the handset cameras will continue. The rear multi-camera will become the industry’s standard configuration, and quadruple-camera or even quintuple-camera demand is increasing. Camera functions and performance will be enhanced, such as ultra-high resolution, large image size, ultra-large aperture, freeform wide angle, optical zoom, continuous zoom, ultra-miniaturisation and time of flight (“ TOF ”). 市場回顧 二零二零年年初，二零一九冠狀病毒病 （「 COVID-19 」）爆發並蔓延至全球，多個國家 和地區宣佈進入公共衛生緊急狀態，並採取大 規模旅行限制、社交隔離及停工停學等措施。 各類經濟活動因此大幅縮減，宏觀經濟面臨 巨大的下行壓力。中國第一季度的國內生產總 值較去年同期收縮 6.8% 。此後， COVID-19 在 中國逐漸得到控制，隨著復工復產的有序推 進，加之中國各地政府推出一系列促進消費的 舉措，中國經濟在第二季度出現復蘇。相比國 內，海外疫情的發展並未得到全面控制，仍有 多個國家和地區面臨逐漸惡化的局面。 因 COVID-19 的肆虐，智能手機終端市場表現 不佳，總體需求持續疲軟，全球智能手機出貨 量急劇下滑。根據市埸調研機構 Canalys 發佈 的報告顯示，二零二零年上半年全球智能手 機出貨量約 557,200,000 部，較去年同期下降 約 13.7% 。然而，隨著中國防疫措施的落實和 疫情控制效果的逐步顯現，國內智能手機市場 率先恢復；同時，一流智能手機品牌廠商的技 術優勢的集中化態勢也愈發明顯。長遠來看， 在 COVID-19 逐漸趨於「常態化」的背景下，手 機攝像頭的規格升級趨勢仍會持續。後置多攝 成為行業的標準配置，四攝甚至五攝的需求不 斷增加，並且攝像功能及性能也得到提升，如 超高像素、超大像面、超大光圈、自由曲面廣 角、光學變焦、連續變焦、超小型化及飛行時 間（「 TOF 」）等。