Interim Report 2022

04 Sunny Optical Technology (Group) Company Limited • INTERIM REPORT 2022 Management Discussion and Analysis 管理層討論與分析 In the automobile market, adverse factors such as the shortage of chips in the supply chain, sporadic resurgences of the pandemic and shut down of automobile factories further pushed the automobile market into a low ebb in the first half of 2022. However, it’s gratifying that the electrification and intelligence trend of automobiles has been vigorously growing. The rapid rise of new energy vehicles and the continuous iteration of autonomous driving technology have further boosted the development of advanced driver assistance systems (“ ADAS ”) and autonomous driving systems. Individual automobile requires more cameras with upgraded specifications, and various automotive sensors are playing an increasingly important role. In addition to cameras, the demand for the application of LiDAR, smart headlamp, head-up display (“ HUD ”) and other relevant products is on the rise, indicating a huge market potential. Many new market players entered into the VR/AR market, which accelerated the development of the industry. The global shipment of VR/AR head-mounted display devices has been expected to exceed 5 million units in the first half of 2022, meaning the “Metaverse” hardware interface consumption is seeing an explosive growth. In particular, new products have been released one after another in China’s VR/AR head-mounted display market, while the trend of hardware upgrade has become clearer, and the closed-loop content ecosystem construction is maturing, all of which further promoted the continuous upgrading and breakthrough of VR/AR technology. At the same time, with application scenarios expanding and content diversifying continuously, the VR/AR market will also radiate to a wider field, indicating bright growth prospects. In the optical instrument market, despite the impact of the resurgence of the pandemic, the overall optical instrument industry experienced a positive growth driven by the development of electronic technology and computer industry as well as the growing demand in downstream applications. At the same time, with the transformation and upgrading of the manufacturing industry towards high-end, intelligence and automation, the application prospects of intelligent equipment are broad with tremendous market opportunities. 在汽車市場，二零二二年上半年供應鏈芯片短 缺、多點疫情爆發、車廠停工停產等多重不利 因素進一步使得汽車市場步入低潮。但令人可 喜的是，汽車「電動化、智能化」的浪潮勢不 可擋，新能源汽車的快速崛起與自動駕駛技術 的持續迭代，進一步推動了高級駕駛輔助系統 （「 ADAS 」）及自動駕駛系統的蓬勃發展，單車 的攝像頭搭載數量和規格要求在持續提升，且 各類汽車傳感器也承擔著越來越重要的作用。 除攝像頭外，激光雷達、智能車燈及抬頭顯示 （「 HUD 」）等應用的需求不斷增加，市場潛力巨 大。 在 VR/AR 市場，隨著諸多新市場參與者紛紛入 局催化產業加速發展，全球 VR/AR 頭戴式顯 示設備於二零二二年上半年的出貨預計已超過 五百萬台，這標誌著「元宇宙」硬件接口迎來了 消費端的放量拐點。其中，中國 VR/AR 頭戴式 顯示市場新品接連發佈，硬件產品升級趨勢明 朗化，內容生態閉環建設成熟化，進一步推動 了 VR/AR 技術的不斷升級與突破。同時，隨著 產品應用場景和內容的不斷豐富， VR/AR 市場 也會輻射到更為廣闊的領域，市場增長前景極 為明朗。 在光學儀器市場，儘管受到疫情反覆的影響， 但在電子技術和計算機行業發展的帶動下，再 加上下游應用領域需求的日益增長，光學儀器 行業整體向好發展。同時，隨著製造業向高端 化、智能化、自動化等方向的轉型升級，智能 裝備的應用前景廣闊，市場機遇巨大。