Annual Report 2025

Sunny Optical Technology (Group) Company Limited • ANNUAL REPORT 2025 308 Notes to the Consolidated Financial Statements 綜合財務報表附註 FOR THE YEAR ENDED 31 DECEMBER 2025 截至二零二五年十二月三十一日止年度 37. FINANCIAL INSTRUMENTS (Continued) c. Fa i r v a l ue mea su r emen t s o f f i nanc i a l instruments (Continued) Fair value of the Group’s financial assets and financial liabilities that are measured at fair value on a recurring basis (Continued) Notes: (a) The higher the volatility of the foreign exchange rate, the higher the fair value. (b) The higher the revenue growth rate, the higher the fair value. The higher the P/S multiples, the higher the fair value. (c) Such investment entity has investment and financing transactions during the current year, with its shares traded in an active market. Therefore, the fair value of the investment as at 31 December 2025 was determined based on recent transaction price and was classified as Level 2 of the fair value hierarchy. (d) The higher the revenue growth rate, the higher the fair value. The higher the P/S multiples, the higher the fair value. Reconciliation of Level 3 fair value measurements of financial assets Foreign currency options contracts classified as derivative financial assets and liabilities Equity instruments at FVTOCI Equity investments at FVTPL Total 分類為衍生金融 資產及負債的 外匯期權合約 按公允值計入 其他全面收益的 權益工具 按公允值計入 損益的 股權投資 總額 RMB’000 RMB’000 RMB’000 RMB’000 人民幣千元 人民幣千元 人民幣千元 人民幣千元 At 1 January 2024 於二零二四年一月一日 (5,206) 12,335 19,518 26,647 Total losses 虧損總額 (28,057) (18,126) (1,498) (47,681) - in profit or loss －於損益 (28,057) – (1,498) (29,555) - in other comprehensive expense －於其他全面開支 – (18,126) – (18,126) Purchases 購買 – 319 – 319 Transfer into level 3 轉入第三級 – 17,830 – 17,830 At 31 December 2024 and 1 January 2025 於二零二四年十二月三十一日及二零二五年一月一日 (33,263) 12,358 18,020 (2,885) Total gain (losses) 收益（虧損）總額 33,263 16,724 (1,831) 48,156 - in profit or loss －於損益 33,263 – (1,831) 31,432 - in other comprehensive income －於其他全面收益 – 16,724 – 16,724 Transfer out level 3 (note) 自第三級轉出（附註） – (25,937) – (25,937) At 31 December 2025 於二零二五年十二月三十一日 – 3,145 16,189 19,334 37. 金融工具（續） c. 金融工具的公允值計量（續） 按經常性基準以公允值計量的本集團 金融資產及金融負債的公允值 （續） 附註： (a) 匯率愈波動，公允值愈高。 (b) 收入增長率愈高，公允值愈高。市銷 率倍數愈高，公允值愈高。 (c) 該投資實體於本年度有投融資交易， 其股份於活躍市場買賣。因此，該投 資於二零二五年十二月三十一日的公 允值乃根據近期交易價釐定，並被分 類為第二級公允值等級。 (d) 收入增長率愈高，公允值愈高。市銷 率倍數愈高，公允值愈高。 金融資產的第三級公允值計量的對賬