Annual Report 2025

Sunny Optical Technology (Group) Company Limited • ANNUAL REPORT 2025 12 Management Discussion and Analysis 管理層討論與分析 The steady expansion of the global automobile market has created a vast demand base for vehicle camera solutions, and China, as the core hub of the global automobile industry, serves as a key engine driving this growth. In recent years, global vehicle sales have climbed steadily, reaching approximately 95.6 million units in 2025. Within this total, new energy vehicles emerged as the primary growth driver, with sales exceeding 23.37 million units and the market penetration rising steadily (source: Frost & Sullivan). In 2025, the automobile market officially entered the era of intelligent competition, marked by deep integration of intelligent perception and smart cockpits, driving the transformation of vehicle camera solutions from “basic quantity coverage” towards “advanced performance enhancement”. In the intelligent perception segment, the certification for China’s first batch of level 3 autonomous driving models was officially implemented and issued. This milestone event further marks the substantive development of intelligent connected vehicles transitioning from the assisted-driving phase into the stage of high-level autonomous driving. Against this backdrop of significantly increasing perception demands for high-level autonomy, vehicle cameras are rapidly evolving towards higher resolution, wider dynamic range, and improved low-light performance to support more stable algorithm input. Moreover, high- level autonomous driving systems place higher demands for long- range detection, 3D contour reconstruction, and complex operating conditions. Consequently, the industry has progressively adopted multi-sensor fusion solutions combining “vision and light detection and ranging (“ LiDAR ”)” to improve safety redundancy in nighttime, backlit, and dense mixed-traffic scenarios. With the implementation of L3 and above autonomous driving, LiDAR will become an indispensable perception unit for high-precision environmental sensing and is expected to evolve from an emerging feature into a core standard component of intelligent driving systems. In the smart cockpit segment, the popularization of driver monitoring systems (“ DMS ”) and occupant monitoring systems (“ OMS ”) has further expanded the application scope of in-cabin vision technology, extending from basic monitoring to multifunctional capabilities such as identity recognition, attention and status detection, as well as health and safety alerts. This progression drives holistic optimization of the cabin interaction experience across both safety and comfort dimensions. 全球車載市場的穩步增長為車載相機解決方案 提供了廣闊的需求腹地，而中國作為全球汽 車產業核心陣地，更是成為驅動增長的關鍵 引擎。近年來，全球汽車銷量穩步攀升，二零 二五年全年已達約 95,600,000 輛，其中新能 源汽車成為核心增長極，銷量突破 23,370,000 輛，市場滲透率穩步提升（數據來源：弗若斯 特沙利）。二零二五年，汽車市場正式進入智 能化的競爭，智能感知與智能座艙進行深度融 合，推動車載相機解決方案從「基礎數量覆蓋」 向「高階性能提升」轉型。在智能感知領域， 國內首批 L3 級自動駕駛車型認證正式實施並頒 發，這一里程碑事件進一步標誌著智能網聯汽 車從輔助駕駛階段邁向高階自動駕駛的實質性 發展階段。於高階自動駕駛感知需求大幅提升 的背景下，車載相機正加速向高分辨率、高動 態範圍、低光照性能等方向演進，以支撐更穩 定的算法輸入。此外，高階自動駕駛系統對遠 距離探測、三維輪廓還原及複雜工況也提出更 高要求，行業因此逐步引入「視覺 + 激光雷達 （「 激光雷達 」）」的多傳感器融合方案，以提升 在夜間、逆光及複雜交通參與者密集場景下的 安全冗餘。隨著 L3 及以上級自動駕駛的落地， 激光雷達將成為實現高精度環境感知不可或缺 的感知單元，且有望從新興功能演變為智能駕 駛系統的核心標準組件。在智能座艙領域， 駕駛員監測系統（「 DMS 」）與乘客監測系統 （「 OMS 」）的普及，進一步擴闊艙內視覺技術的 應用範疇，使其從基礎監測功能，延伸至身份 識別、注意力及狀態識別、健康安全警示等多 元功能，推動座艙交互體驗在安全性、舒適性 等維度同步優化。