Annual Report 2025

Sunny Optical Technology (Group) Company Limited • ANNUAL REPORT 2025 32 Management Discussion and Analysis 管理層討論與分析 投資表現及前景 A I 正在全球迅速發展，而部分新 A I 產品，例 如 AI 眼鏡和 AR 硬件，受到廣泛關注，因此普 遍預期該等 AI 及 AR 產品將在未來數年迅速發 展。上海奧來多年來深耕晶圓級微納光學領 域，並已建立堅實而具競爭力的基礎，擁有一 支經驗豐富的技術人員團隊，配備先進的工 具、設備及機械。歌爾光學多年來專注於高精 度光學相關領域，並建立一支經驗豐富的技術 團隊，尤其在光波導組件方面，並具有廣泛的 客戶群。董事會認為，換股及認購事項將促進 上海奧來與歌爾光學的優勢互補，顯著增強在 換股及認購事項完成後歌爾光學在光波導及其 他晶圓級微納光學器件（特別是用於 AI 及 AR 產 品上）等領域內的核心競爭力。因此，董事會 認為換股及認購事項符合本集團及股東的整體 最佳利益。截至二零二五年十二月三十一日止 年度，本集團轉讓本集團若干附屬公司全部股 權以換取歌爾光學股權產生投資收益約人民幣 918,900,000 元。 Investment Performance and Prospects AI is being developed rapidly all over the world and certain new AI products such as AI glasses and AR hardware have attracted widespread attention such that it is commonly expected that such kinds of AI and AR products will be developed rapidly in coming years. Shanghai OmniLight has been deeply involved in the area of wafer-level micro-nano optics for years and has developed a solid and competitive foundation with a team of experienced technical staff equipped with advanced tools, equipment and machineries. Goertek Optical has focused on high-precision optical-related areas for years and developed a team of experienced technical staff particularly in optical waveguide components with an extensive customer base. The Board considers that the Share Swap and the Subscription will complement advantages between Shanghai OmniLight and Goertek Optical, and significantly enhance Goertek Optical’s core competitiveness upon completion of the Share Swap and the Subscription in sectors such as optical waveguide and other wafer-level micro-nano optics devices particularly for uses in AI and AR products. As such, the Board is of the view that the Share Swap and the Subscription are in the best interests of the Group and the Shareholders as a whole. For the year ended 31 December 2025, the Group generated an investment gain of approximately RMB918,900,000 from the transfer of the entire equity interests in certain subsidiaries of the Group in return for equity interest in Goertek Optical.