Interim Report 2024

Management Discussion and Analysis 管理層討論與分析 12 Sunny Optical Technology (Group) Company Limited • INTERIM REPORT 2024 R&D Expenditure The R&D expenditure of the Group for the six months ended 30 June 2024 was approximately RMB1,468.4 million, representing an increase of approximately 21.9% as compared to the corresponding period of last year. It accounted for approximately 7.8% of the Group’s revenue during the period under review, as compared to approximately 8.4% for the corresponding period of last year. The increase in absolute amount was mainly attributable to the continued increase in R&D investment for vehicle and XR related businesses. Administrative Expenses The administrative expenses of the Group for the six months ended 30 June 2024 was approximately RMB563.5 million, representing an increase of approximately 23.0% as compared to the corresponding period of last year. It accounted for approximately 3.0% of the Group’s revenue during the period under review, as compared to approximately 3.2% for the corresponding period of last year. The increase in absolute amount was mainly attributable to the increase in the remuneration of administrative staff, the increase in expenses related to the informationization construction and the increase in the grant of restricted shares under the restricted share award scheme (the “ Restricted Shares ”) of the Company (the “ Restricted Share Award Scheme ”). Income Tax Expenses The Group’s income tax expenses for the six months ended 30 June 2024 was approximately RMB137.2 million, representing an increase of approximately 3.5% as compared to the corresponding period of last year. The Group’s effective tax rate was approximately 11.0% during the period under review, and it was approximately 22.4% for the corresponding period of last year. 研發開支 截至二零二四年六月三十日止六個月，本集團 的研發開支約人民幣 1,468,400,000 元，較去 年同期增加約 21.9% ，於回顧期內佔本集團收 入約 7.8% ，去年同期佔比約 8.4% 。有關絕對 金額的增加主要是由於本集團持續在汽車及 XR 相關業務上增加研發投入。 行政開支 截至二零二四年六月三十日止六個月，本集團 的行政開支約人民幣 563,500,000 元，較去年 同期增加約 23.0% ，於回顧期內佔本集團收入 約 3.0% ，去年同期佔比約 3.2% 。有關絕對金 額的增加主要是由於本公司行政員工薪資的上 升、信息化建設的開支增加及本公司限制性股 份獎勵計劃（「 限制性股份獎勵計劃 」）項下的限 制性股份（「 限制性股份 」）的授出增加。 所得稅開支 截至二零二四年六月三十日止六個月，本集團 的所得稅開支約人民幣 137,200,000 元，較去 年同期增加約 3.5% 。於回顧期內，本集團的有 效稅率約 11.0% ，去年同期則約 22.4% 。