Annual Report 2025

Sunny Optical Technology (Group) Company Limited • ANNUAL REPORT 2025 22 Management Discussion and Analysis 管理層討論與分析 Administrative Expenses The administrative expenses of the Group for the year ended 31 December 2025 were approximately RMB1,420.0 million, representing an increase of approximately 1.5% as compared to that of last year. Income Tax Expense The income tax expense of the Group for the year ended 31 December 2025 was approximately RMB609.0 million, representing an increase of approximately 66.2% as compared to that of last year. The Group’s effective tax rate was approximately 11.2%, as compared to approximately 11.7% of last year. For details related to the income tax expense, please refer to the Note 8 to the consolidated financial statements in this annual report. Net Profit and Net Profit Margin The net profit of the Group for the year ended 31 December 2025 was approximately RMB4,807.0 million, representing an increase of approximately 73.1% as compared to that of last year. The net profit margin was approximately 11.1%, as compared to approximately 7.3% of last year. Profit for the Year Attributable to Owners of the Company and Basic Earnings per Share The profit for the year attributable to owners of the Company for the year ended 31 December 2025 was approximately RMB4,639.1 million, representing an increase of approximately 71.9% as compared to that of last year. The increase in absolute amount was mainly attributable to (i) the increase in gross profit; and (ii) the gain on share swap transaction amounting to approximately RMB918.9 million. The basic earnings per Share for the year ended 31 December 2025 was approximately RMB426.55 cents, representing an increase of approximately 71.9% as compared to that of last year. 行政開支 截至二零二五年十二月三十一日止年度，本集 團的行政開支約人民幣 1,420,000,000 元，較 去年增加約 1.5% 。 所得稅開支 截至二零二五年十二月三十一日止年度，本集 團的所得稅開支約人民幣 609,000,000 元，較 去年增加約 66.2% 。有效稅率約 11.2% ，去年 則約 11.7% 。有關所得稅開支的詳情，請參閱 本年報綜合財務報表附註 8 。 淨利及淨利率 截至二零二五年十二月三十一日止年度，本 集團的淨利約人民幣 4,807,000,000 元，較去 年增加約 73.1% 。淨利率約 11.1% ，去年則約 7.3% 。 本公司股東應佔年內溢利及每股基本 盈利 截至二零二五年十二月三十一日止年度，本公 司股東應佔年內溢利約人民幣 4,639,100,000 元，較去年增加約 71.9% 。有關絕對金額的增 加主要是由於 (i) 毛利增加；及 (ii) 換股交易的收 益約人民幣 918,900,000 元。 截至二零二五年十二月三十一日止年度，每股 基本盈利約人民幣 426.55 分，較去年增加約 71.9% 。