Annual Report 2025

Sunny Optical Technology (Group) Company Limited • ANNUAL REPORT 2025 20 Management Discussion and Analysis 管理層討論與分析 財務回顧 收入 截至二零二五年十二月三十一日止年度，本集 團的收入約人民幣 43,229,100,000 元，較去 年增加約 12.9% 。收入增加主要是因為手機產 品、汽車產品及其他產品的收入均有增加。 截至二零二五年十二月三十一日止年度，手機 產品的收入約人民幣 27,324,000,000 元，較去 年增加約 8.6% 。收入增加主要是因為受益於智 能手機攝像頭規格高端化的推動，並憑藉前沿 的技術佈局和領先的產品迭代，本集團手機鏡 頭及手機攝像模組的產品組合改善，平均售價 增加。 截至二零二五年十二月三十一日止年度，汽車 產品的收入約人民幣 7,327,800,000 元，較去 年增加約 21.3% 。收入增加主要是因為隨著高 階智能駕駛滲透率的快速提升，本集團車載相 機解決方案的收入增加。 截至二零二五年十二月三十一日止年度， XR 產 品的收入約人民幣 2,393,500,000 元，較去年 減少約 7.1% 。收入減少主要是因為儘管智能 眼鏡相關業務的收入增加，但由於市場需求疲 弱， MR 相關業務的收入減少。 截至二零二五年十二月三十一日止年度，其他 產品的收入約人民幣 6,183,800,000 元，較去 年增加約 36.7% 。收入增加主要是因為受益於 AI 技術的快速發展，本集團泛 IoT 相關業務的收 入增加以及本集團精密光學相關業務的收入增 加。 FINANCIAL REVIEW Revenue For the year ended 31 December 2025, the Group’s revenue was approximately RMB43,229.1 million, representing an increase of approximately 12.9% as compared to that of last year. The increase in revenue was mainly attributable to the increased revenues generated from the handset products, vehicle products and other products. For the year ended 31 December 2025, revenue generated from the handset products was approximately RMB27,324.0 million, representing an increase of approximately 8.6% as compared to that of last year. The increase in revenue was mainly attributable to the increase in average selling prices of handset lens sets and handset camera modules of the Group driven by the improvement in product mix benefiting from the high-end upgrade of smartphone camera specifications, and leveraging pioneering technology layout and leading product iteration. For the year ended 31 December 2025, revenue generated from the vehicle products was approximately RMB7,327.8 million, representing an increase of approximately 21.3% as compared to that of last year. The increase in revenue was mainly attributable to the increased revenue generated from the vehicle camera solutions of the Group with the rapid increase in the penetration rate of advanced intelligent driving. For the year ended 31 December 2025, revenue generated from the XR products was approximately RMB2,393.5 million, representing a decrease of approximately 7.1% as compared to that of last year. The decrease in revenue was mainly attributable to the fact that, despite the increased revenue of smart glasses related businesses, the revenue from MR related businesses decreased due to the weak market demand. For the year ended 31 December 2025, revenue generated from the other products was approximately RMB6,183.8 million, representing an increase of approximately 36.7% as compared to that of last year. The increase in revenue was mainly attributable to the increased revenue of the Group’s Pan-IoT related businesses benefiting from the rapid development of AI technology and the increased revenue of the Group’s precision optics related businesses.