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1、2017ANNUAL REPORT年報Sunny Optical Technology(Group)Company Limited舜宇光學科技(集團)有限公司Sunny Optical Technology(Group)Company Limited(the“Company”or“Sunny Optical”,together with its subsidiaries,the“Group”)(Stock Code:2382.HK)is a leading integrated optical components and products manufacturer with more tha
2、n thirty years of history in the Peoples Republic of China(the“PRC”or“China”).The Group is principally engaged in the design,research and development(“R&D”),manufacture and sales of optical and optical-related products.Such products include optical components(such as glass spherical and aspherical l
3、enses,plane products,handset lens sets,vehicle lens sets and other various lens sets)(the“Optical Components”),optoelectronic products(such as handset camera modules,three dimensional(“3D”)optoelectronic products,security cameras and other optoelectronic modules)(the“Optoelectronic Products”)and opt
4、ical instruments(such as microscopes and optical measuring instruments)(the“Optical Instruments”).The Group focuses on the application fields of optoelectronic-related products,such as handsets,digital cameras,vehicle imaging systems,security surveillance systems and optical measuring instruments,wh
5、ich are combined with optical,electronic,software and mechanical technologies.The English text of this annual report shall prevail over the Chinese text in case of any inconsistency.舜宇光學科技(集團)有限公司(本公司 或 舜宇光學,連同其附屬公司 本集團)(股份代號:2382.HK)為一間中華人民共和國(中國)領先並擁有逾三十年歷史的綜合光學零件及產品生產商。本集團主要從事設計、研究與開發(研發)、生產及銷售光學
6、及其相關產品。該等產品包括光學零件(例如玻璃球面及非球面鏡片、平面產品、手機鏡頭、車載鏡頭及其他各種鏡頭)(光學零件)、光電產品(例如手機攝像模組、三維(3D)光電產品、安防相機及其他光電模組)(光電產品)及光學儀器(例如顯微鏡和光學測量儀器)(光學儀器)。本集團專注於需綜合運用光學、電子、軟件及機械技術的光電相關產品的應用領域:如手機、數碼相機、車載成像系統、安防監控系統及光學測量儀器等。本年報之中英文版本如有不一致,概以英文版本為準。CORPORATE PROFILE公司簡介舜宇光學科技(集團)有限公司2017 年報01CONTENTS目錄Corporate Profile公司簡介Five
7、-year Financial Summary五年財務概要2Chairmans Statement主席報告6Management Discussion and Analysis管理層討論與分析11Directors and Senior Management董事及高級管理層37Corporate Governance Report企業管治報告44Environmental,Social and Governance Report環境、社會及管治報告73Directors Report董事會報告87Independent Auditors Report獨立核數師報告109Consolidated
8、 Statement of Profit or Loss and Other Comprehensive Income綜合損益及其他全面收益表115Consolidated Statement of Financial Position綜合財務狀況表116Consolidated Statement of Changes in Equity綜合權益變動表118Consolidated Statement of Cash Flows綜合現金流量表120Notes to the Consolidated Financial Statements綜合財務報表附註123Corporate Inform
9、ation公司資料255Five-year Financial Summary五年財務概要(In Renminbi(“RMB”)millions,except per share amounts)(人民幣百萬元,每股金額除外)02Sunny Optical Technology(Group)Company LimitedANNUAL REPORT 2017For the year ended 31 December截至十二月三十一日止年度200142013二零一七年二零一六年二零一五年二零一四年二零一三年 Consolidated綜合 Operating results
10、經營業績Revenue 收入22,366.314,611.810,696.28,426.55,812.8 Gross profit 毛利4,802.82,680.11,763.41,289.4967.1Finance costs 融資成本(48.8)(16.2)(16.0)(14.0)(6.6)Profit before tax 除稅前溢利3,318.31,446.4862.3634.0504.5Income tax expense 所得稅開支(404.2)(174.8)(98.8)(72.7)(63.6)Profit for the year 年內溢利2,914.11,271.6763.55
11、61.3440.9 Attributable to:歸屬:Owners of the Company 本公司股東2,901.61,270.8761.6566.1440.5 Non-controlling interests 非控股權益12.50.81.9(4.8)0.4 2,914.11,271.6763.5561.3440.9 Earnings per share(in RMB)每股盈利(人民幣)2.671.180.710.530.44 Assets and liabilities 資產及負債Non-current assets 非流動資產4,090.92,318.71,619.21,389
12、.4898.8Current assets 流動資產11,635.49,317.96,017.14,204.43,766.4 Total assets 總資產15,726.311,636.67,636.35,593.84,665.2 Bank borrowings 銀行借貸1,347.9904.3683.2521.6488.9Other liabilities 其他負債6,859.25,819.03,108.21,821.61,316.4 Total liabilities 總負債8,207.16,723.33,791.42,343.21,805.3 Net assets 資產淨值7,519.
13、24,913.33,844.93,250.62,859.9 Equity attributable to owners of the Company 本公司股東應佔權益7,488.54,895.33,831.03,247.72,849.8Non-controlling interests 非控股權益30.718.013.92.910.1 Total equity 權益總額7,519.24,913.33,844.93,250.62,859.9 Key Financial Ratio 主要財務比率 Gross profit margin(%)毛利率(%)21.518.316.515.316.6Ne
14、t profit margin(%)純利率(%)13.08.77.16.77.6Gearing ratio(%)負債比率(%)8.67.88.99.310.5Current ratio(times)流動比率(倍)1.51.41.61.82.1Quick ratio(times)速動比率(倍)1.21.01.41.41.7Five-year Financial Summary五年財務概要(In Renminbi(“RMB”)millions,except per share amounts)(人民幣百萬元,每股金額除外)舜宇光學科技(集團)有限公司2017 年報03TREND ChARTS OF
15、 MAIN FINANCIAl INDExES IN ThE RECENT FIvE YEARS主要財務指標近五年的變化趨勢圖0500025003000440.5566.1761.62,901.61,270.82015二零一五年2016二零一六年2017二零一七年2014二零一四年二零一三年20130.440.530.71(人民幣元)2.672015二零一五年2016二零一六年2017二零一七年2014二零一四年二零一三年20131.180.00.51.01.52.02.53.0Net Assets資產淨值Profit for the Year Attributable
16、to Owners股東應佔年內溢利Revenue收入Earnings Per Share每股盈利7,519.2 million 百萬元2,901.6 million 百萬元22,366.3 million 百萬元2.67 RMB 人民幣元00400050006000700080003,250.63,844.92,859.92015二零一五年2016二零一六年2017二零一七年2014二零一四年二零一三年20137,519.24,913.305,00025,00020,00015,00010,0002016二零一六年2017二零一七年2015二零一五年2013二零一三年20
17、14二零一四年76.0%20.0%4.0%5,812.880.8%16.6%2.6%8,426.576.8%21.2%2.0%10,696.219.2%79.5%1.3%22,366.320.2%78.0%1.8%14,611.8%INSPIRINGINNOVATION激勵 創新06Sunny Optical Technology(Group)Company LimitedANNUAL REPORT 2017Chairmans Statement主席報告Dear Shareholders,The Company is pleased to present to the shareholders
18、 the annual report for 2017.Taking advantage of the favourable opportunities arising from the further upgrading of handset camera products used in the smartphone industry and the rapid development of the vehicle imaging field,the Group achieved sound growth in overall results,thus delivering promisi
19、ng returns for our shareholders in 2017.致股東:本公司欣然向各位股東提呈二零一七年之全年業績報告。本集團繼續把握智能手機行業攝像頭產品升級換代及車載成像領域快速發展的良好機遇,於二零一七年總體業績實現良好增長,為股東創造了理想的回報。Mr.YE Liaoning 葉遼寧先生舜宇光學科技(集團)有限公司2017 年報07Chairmans Statement主席報告BUSINESS REvIEWLooking back to 2017,the world economy entered into a gradually improving situatio
20、n.The growth of the global economy was expected to improve.The economic growth of the developed economies showed a good momentum while the growth of the emerging markets and developing economies was stabilising and recovering.However,the threats from the risks to which the global economy was exposed
21、 still exist,and the situation of the world economy was still under changes and adjustments.As one of the worlds major economies,Chinas economic strength has reached a new stage,and its economic structure has also been changed significantly.Meanwhile,the consumer electronics industry which had shown
22、 rapid development in the past few years entered into a stable stage with its growth continuing to slowdown.Although China is still the worlds largest smartphone market,the market saturation trend is further intensified.According to the data issued by Gesellschaft fr Konsumforschung(“GfK”),the year-
23、on-year growth of retail sales of Chinese smartphone market in 2017 still only accounted for 1.5%.By making positive responses,change of the strategies and continuous introduction of flagship models and high-end models with high quality and high performance,Chinese local brands have further seized m
24、arket share and thus reshaped the market landscape.Meanwhile,Chinese local brands have been very popular in the overseas market by reason of their technologies and innovation.In addition,with the development of internet of vehicle and the international popularisation and promotion of laws and regula
25、tions,the vehicle lens sets,as one kind of important components of vehicle imaging systems and advanced driver assistance systems(“ADAS”),realised quick development in global market and maintained a high growth momentum.Being a leading handset lens sets and handset camera modules provider as well as
26、 the largest vehicle lens sets supplier in the world,the Group has benefited thereby.業務回顧回顧二零一七年,世界經濟迎來逐步向好局面。全球經濟增速預期提升,發達經濟體經濟增長勢頭良好,新興市場和發展中經濟體增速企穩回升,但是全球經濟所面臨的風險威脅仍未消散,世界經濟格局的變化調整仍在繼續。中國作為全球主要的經濟體之一,其經濟實力再上新台階,經濟結構也發生了重大變革。而過去幾年處於高速發展的消費類電子行業進入平穩期,增速持續放緩。雖然中國仍然是全球最大的智能手機市場,但市場飽和趨勢進一步加劇。根據捷孚凱(GfK
27、)數據顯示,二零一七年中國智能手機市場零售量同比增速僅為1.5%。中國本土品牌積極應對,改變策略,不斷推出高品質、高性能的旗艦機型和高端機型,進一步搶佔市場份額,重塑了市場格局。同時,憑借技術和創新在海外市場大受追捧。此外,隨著車載互聯網的發展和法律法規在全球的普及與推行,車載鏡頭作為車載成像及高級駕駛輔助系統(ADAS)的一種重要零部件,其全球市場持續高速增長,發展勢頭迅猛。作為全球領先的手機鏡頭和手機攝像模組供應商以及全球最大的車載鏡頭供應商,本集團因此受惠。08Sunny Optical Technology(Group)Company LimitedANNUAL REPORT 2017
28、Chairmans Statement主席報告In spite of the complex and changing external environment,the Group achieved huge growth of overall performance with its excellent comprehensive competitive strength and its persistence on the development strategy of“Improving and Expanding the Existing Advantageous Businesses
29、”.The three major business segments,namely Optical Components,Optoelectronic Products and Optical Instruments have promising development,which further consolidated the Groups leading position in the industry as an optical expert.Furthermore,the Group continued to base itself in the promising optoele
30、ctronic industry,promoted the implementation of new transformation and upgrade,and laid a solid foundation for achieving its ambitious goal as soon as possible.OPERATIONAl PERFORMANCEIn 2017,all staff united as one and adhered to the core value of“Create Together”,continued to carry forward pioneeri
31、ng spirit of hard struggle,progressive and innovative spirit and team spirit of working together under the leadership of the passionate and experienced management team.As a result,the Group ensured the market competitiveness of each business and achieved good performance.The overall results of the G
32、roup were in line with its anticipated growth.The Groups revenue for the year ended 31 December 2017 increased by approximately 53.1%to approximately RMB22,366.3 million.Profit for the year attributable to the owners of the Company increased by approximately 128.3%to approximately RMB2,901.6 million
33、.Besides these,the basic earnings per share increased by approximately 126.8%to approximately RMB266.76 cents.The Board has proposed an annual dividend of approximately RMB0.661(equivalent to HK$0.812)(2016:approximately RMB0.290)per share.儘管外部環境複雜多變,憑藉出色的綜合競爭實力以及堅持 做精做透現有優勢業務的發展策略,本集團的整體業績獲得大幅增長,光學
34、零件、光電產品及光學儀器三大核心業務發展良好,進一步鞏固了本集團作為光學專家在行業中的領先地位。此外,本集團繼續立足於前景廣闊的光電產業,推進新的轉型升級的落地,為早日實現宏偉目標夯實基礎。經營業績於二零一七年,全體員工團結一致,在充滿活力且富有經驗的管理層的帶領下始終堅守 共同創造的核心價值觀,繼續發揚艱苦奮鬥的創業精神、與時俱進的創新精神及和衷共濟的團隊精神,本集團確保了各業務的市場競爭力,並取得不俗的業績表現。本集團的整體業績實現了預期中的增長。本集團截至二零一七年十二月三十一日止年度的收 入 增 加 約53.1%至 約 人 民 幣22,366,300,000元。本公司股東應佔年內溢利則
35、增加約128.3%至約人民幣2,901,600,000元。此外,每股基本盈利增加約126.8%至約人民幣266.76分。董事會建議派發全年股息每股約人民幣0.661元(相等於0.812港元)(二零一六年:約人民幣0.290元)。舜宇光學科技(集團)有限公司2017 年報09Chairmans Statement主席報告AWARDS AND RECOGNITIONSIn 2017,the Group focused on achieving technological breakthrough in key areas,further perfected the manufacturing sy
36、stem,improved the construction of information platform,optimised the supply chain management and continuously promoted the construction of quality management and control system.With the joint effort from its staff,the Group received numerous honours and awards from its customers,industrial associati
37、ons and institutions,local governments and the capital market.The receipt of all these awards indicated that the products quality,technical capabilities,services,delivery time and other aspects of the Group have been highly affirmed and recognised by the customers and the industry.It will encourage
38、the Group to provide its customers with better products and services continuously,and confirm the Groups determination to carry on the strategy of“Transformation and Upgrade”.Please refer to the section headed“Management Discussion and Analysis Awards and Recognitions”for details of the awards and r
39、ecognitions received by the Group in 2017.OUTlOOKEntering into 2018,the total economic output indicators of the global macro economy tend to be stable,the power for Chinese economic growth comes from structural improvements,the overall consumption grows steadily while the mid-and high-end consumptio
40、n grows strongly.As the industry centralisation trend is accelerating,although the growth of the entire smartphone market will continue to slowdown,the upgrading and updating of the specifications of cameras has become the main driver of replacement demand for new phones.The application scenarios of
41、 optics and optoelectronics are getting more and more plentiful,various innovative technologies are being developed rapidly and relevant supply chains demand will continue to be strong.Therefore,leveraging on the broad development prospect of the optoelectronic industry where it bases and the advant
42、ages as an optical expert,the Group will continue to invest resources to deepen technological innovation,achieve technological breakthrough in key areas,further improve the informatisation management level and enhance the construction of supply chain and quality system so as to continuously improve
43、the Groups comprehensive competitiveness and consolidate its leading position in the industry.獎項及嘉許於二零一七年,本集團著力提升關鍵領域的技術突破,進一步健全製造體系,提高信息化平台建設,優化供應鏈管理並持續推進品質管控體系建設。經過全體員工的共同努力,本集團獲得了來自客戶、行業協會和機構、地方政府及資本市場的多項榮譽和獎項。所有這些獎項的獲得均表明客戶及業內對本集團產品的質量、技術能力、服務、交期等方面的高度肯定與認可。這也將激勵本集團繼續為客戶提供更優質的產品和服務,也更加堅定了本集團繼續走
44、轉型升級之路的決心。有關本集團於二零一七年獲得的獎項及嘉許之詳情請參閱 管理層討論與分析獎項與嘉許 一節。展望進入二零一八年,全球宏觀經濟總量指標趨向穩定,中國經濟增長動力來自結構改善,消費總體增速平穩而中高端消費增速強勁。雖然整個智能手機市場增速將繼續放緩,但隨著產業集中化趨勢加劇,攝像頭規格的升級換代成為了拉動換機需求的主要力量,光學和光電的應用場景日益豐富,各種創新型技術發展迅速,相關供應鏈需求持續旺盛。因此,憑借所立足的光電產業廣闊的發展前景以及作為光學專家的優勢,本集團將持續投入資源,深化技術創新,實現關鍵領域的技術突破,進一步提高信息化管理水平,加強供應鏈和品質體系建設使本集團的綜
45、合競爭力不斷提高,並鞏固其行業領先地位。10Sunny Optical Technology(Group)Company LimitedANNUAL REPORT 2017Chairmans Statement主席報告Looking ahead,the Group will continue to adhere to constantly enhancing its comprehensive competitive strength with its customer-oriented strategy led by technologies,and persist on the strat
46、egic direction of transforming from an optical product manufacturer to a smart optical system solution provider and transforming from an instrument product manufacturer to a system solution integrator to deepen the transformation and advancement.In addition,the Group will accelerate to boost the con
47、struction of the new production base,assist the mid-to long-term rapid development,promote the innovation in internal mechanism,and make multiple deployment in emerging businesses within the main channels actively.The Group believes that there are more opportunities than challenges in the future.All
48、 staff will continue to carry forward pioneering spirit of hard struggle,progressive and innovative spirit and team spirit of working together with a vision of becoming a“Hundred-Year-Old Brand”.APPRECIATIONThe Group would like to express its appreciation to all staff for their long-term efforts and
49、 to the management for their outstanding contribution.It is the unremitting efforts of each member that enable the Group to attain the great achievements.Also,the Group wishes to sincerely thank its shareholders,customers and business partners for their long-standing support and affirmation.The Grou
50、p will continue to deliver the sustainable development of the business,so as to meet its business objectives for 2018 and realise higher values for its shareholders and other stakeholders.Ye liaoningChairman and Executive DirectorHong Kong19 March 2018展望未來,本集團將繼續堅持以客戶為中心,以技術為導向,不斷提高自身的綜合競爭實力,並緊緊圍繞由光
51、學產品製造商向智能光學系統方案解決商轉變,由儀器產品製造商向系統方案集成商轉變的戰略方向不動搖,深化轉型升級。另外,本集團將加快推進新基地工程建設,助力中長期的快速發展,推動內部機制創新,積極布局主航道的新興業務。本集團相信未來機遇大於挑戰,全體員工將繼續發揚艱苦奮斗的創業精神,與時俱進的創新精神,和衷共濟的團隊精神,最終實現 百年老字號 的企業願景。致謝本集團在此對全體員工的長期努力及管理層的傑出貢獻致以衷心謝意,正是每位成員的不懈努力才促使本集團取得了卓越的成績。同時,本集團誠摯感謝各位股東、客戶及業務夥伴長期以來的支持與肯定。本集團將繼續致力於業務的可持續發展,為實現二零一八年全年經營目
52、標及為股東及其他持份者創造更多價值而努力!葉遼寧主席及執行董事香港二零一八年三月十九日舜宇光學科技(集團)有限公司2017 年報11Management Discussion and Analysis管理層討論與分析MARKET REvIEWLooking back to 2017,the overall recovery of the world economy gradually went stable and the economic growth accelerated significantly,yet it was still affected by the changes in
53、trade policies and the continuously intensified tense situation of geopolitics.Although the Chinese economys downward trend has been fundamentally changed,its complexity continued to get deeper and a number of industries were faced with unprecedented pressure arising from transformation and advancem
54、ent under the double effect of international and domestic economic environment.In 2017,competition in the domestic smartphone market was still fierce.However,with the landscape of handset brands getting clear,the concentration being further improved and with the powerful high-end market strategies o
55、f major manufacturers,a handful of main handset brands in China continued to win market share and led the global market.In addition,benefiting from the promulgation of government decrees and regulations from all over the world and the ever-growing demands of automotive enterprises and consumers for
56、driving safety and intelligence,as well as the constant upgrading of specifications with more complexity,the market demand remained strong.According to the latest report issued by Gartner,Inc.(“Gartner”)in February 2018,an information technology research and consulting company,the global shipment vo
57、lume of smartphones in 2017 increased by approximately 2.7%from last year to approximately 1,540,000,000 units,among which,the shipment volume of Chinese smartphones brands reached approximately 420,000,000 units in total,contributing to approximately 27.3%of the market share.As the demand in smartp
58、hone market becomes increasingly saturated,the improvement of product quality and performance and the optimisation of consumers smart experiences in handsets have become the key competitive factors among all major handset brand manufacturers.More and more high-end products such as high-end camera mo
59、dules with large-aperture,wide-angle,ultra-thin,dual-camera,optical zoom,biometric identification,miniaturisation and other complicated functions have become the focus of all major smartphone brand manufacturers and have further gained favour from the market.Besides these,smartphones have entered in
60、to a new era for innovative 3D cameras.The applications of 3D technology in the field of consumer electronics will quickly expand,which presents promising prospects in the market.Through staying in line with market trends,actively investing resources,formulating plan in advance and deeply cooperatin
61、g with various 3D related companies with core and key technologies,these help the Group to play a leading role in the field of 3D camera continuously and consolidate its leading advantages in optical industry.市場回顧回顧二零一七年,世界經濟整體復甦逐步穩健,經濟增長顯著加快,但仍遭受貿易政策變化和地緣政治緊張局勢不斷加劇的影響。中國經濟的下行趨勢雖然已得到根本性改變,但在國際及國內經濟環
62、境的雙重影響下,其複雜程度也在繼續加深,諸多產業面臨前所未有的轉型升級壓力。二零一七年,國內智能手機市場的競爭仍然激烈,但是隨著手機品牌格局的漸漸清晰、集中度的進一步提高以及各大廠商發力高端的市場策略,中國的幾家主要手機品牌繼續贏得市場份額,領跑全球市場。此外,受益於全球各地政府法令、法規的出台以及汽車企業、消費者對於行車安全性與智能性的要求不斷提高,且規格也不斷升級,更具複雜性,市場需求持續旺盛。據資訊技術研究與諮詢公司高德納(Gartner)於二零一八年二月公佈的最新報告顯示,二零一七年全球智能手機出貨量較去年增加約2.7%至約15.4億部,其中中國智能手機品牌出貨量合計達約4.2億部,貢
63、獻了約27.3%的份額。隨著智能手機市場需求量愈加飽和,提升產品品質和性能、優化消費者對於手機的智能體驗成為了各大手機品牌廠商的競爭關鍵,越來越多高規格的產品成為了各大智能手機品牌廠商關注的焦點,也更進一步得到了市場青睞,如大光圈、廣角、超薄、雙攝像頭、光學變焦、生物識別、小型化等複雜功能的高端攝像模組。此外,智能手機開啟了新一輪創新的3D攝像頭時代。3D技術的應用將在消費類電子領域快速擴張,市場前景廣闊。本集團緊貼市場潮流,積極投入資源,提前佈局以及與多家3D相關的擁有核心關鍵技術的公司進行深度合作,有助於在3D攝像頭領域繼續成為領先者的角色,並鞏固自身在光學行業中的領先優勢。12Sunny
64、 Optical Technology(Group)Company LimitedANNUAL REPORT 2017Management Discussion and Analysis管理層討論與分析As a result of the penetration of vehicle active safety technologies and continuous advancement of automatic pilot technologies,the vehicle imaging field has been growing rapidly and the penetration
65、rate and adoption rate of vehicle lens sets have further increased.Globally,not only have the United State of America,Europe and Japan enacted relevant laws and regulations,the PRC government has also accelerated the introduction of regulations relating to automatic pilot.The proportion of smart veh
66、icles in new cars is targeted at 50%by 2020,according to the Innovative Developmental Strategy of Smart Vehicles(Invitation for opinions version)(智能汽車創新發展戰略(徵求意見稿)issued by National Development and Reform Commission of the PRC.The Ministry of Transport of the PRC has issued the notice on implementin
67、g the Safety Technique Conditions of Operating Vehicles for Passengers(營運客車安全技術條件),which is the standard for transportation industry,requiring that,commencing from May 2018,operating vehicles for passengers that are over nine metres in length be equipped with the functions of the lane departure warn
68、ing(“lDW”)system and the forward collision warning(“FCW”)system.These two warning functions are essential components of ADAS.On 18 December 2017,Beijing Municipal Commission of Transport formally issued guidance document for real road testing of automatic pilot,which marked the introduction of the f
69、irst regulation relating to automatic pilot in China.At the same time,as a bridge connecting the active and passive safety systems,it is possible for ADAS to implement functions such as LDW,vehicles,pedestrian and obstacle warning,and traffic sign recognition,which is one of the basic technologies f
70、or realising automatic driving.In terms of ADAS solution,vision processing technology of cameras can not only better identify the information about road signs,pedestrians and road conditions,but also calculate the movement of pedestrians and vehicles through algorithm.It also has more comprehensive
71、function and higher accuracy.With the increasing penetration rate of ADAS and the coming of semi-automatic and full-automatic pilot era in the future,reliance on vehicle cameras will further increase and the room for vehicle cameras in the market will also be further released.As a core component of
72、vehicle camera,vehicle lens sets have a great market potential for development.Taking advantage of its leading technological innovation abilities and the first-mover advantages in establishing market presence together with excellent resource integration abilities,the Group will comprehensively benef
73、it from the continuous high-speed growth in vehicle lens sets industry.基於汽車主動安全技術的滲透和自動駕駛技術的不斷進步,車載成像領域的市場快速發展,車載鏡頭的滲透率和搭載率進一步得到提升。全球除了美國、歐洲和日本已推出相關的法律法規外,中國政府也加快了自動駕駛相關法規的出台。中國國家發展和改革委員會在 智能汽車創新發展戰略(徵求意見稿)中提出到二零二零年新車中智能汽車佔比達到50%的目標。中國交通運輸部發出落實交通運輸行業標準 營運客車安全技術條件的通知,要求由二零一八年五月起,九米以上的營運客車加裝車道偏離預警(lDW
74、)系統以及前碰撞預警(FCW)系統功能。這兩項預警功能是ADAS不可或缺的組成部分。二零一七年十二月十八日,北京市交通委正式發佈自動駕駛實際道路測試指導文件,標誌著中國首個自動駕駛法規出台。與此同時,作為連接主動與被動安全系統的橋樑,ADAS可實現LDW、車輛、行人與障礙物預警和交通標誌識別等功能,是實現自動駕駛的基礎技術之一。從ADAS解決方案來看,攝像頭的視覺處理技術不僅可以更好地辨識道路標識、行人以及道路狀況等資訊,也可以通過演算法計算行人與車輛的行動軌跡,功能更為全面,準確性也更高。隨著ADAS系統滲透率的不斷提升,以及未來半自動和全自動駕駛時代的到來,人們對汽車攝像頭的依賴程度將進一
75、步加大,汽車攝像頭的市場空間將會得到進一步釋放。作為汽車攝像頭核心部件的車載鏡頭,其市場發展潛力巨大。憑藉自身領先的技術創新優勢、提前佈局的先發優勢,以及優秀的資源整合能力,本集團將全面受益於車載鏡頭行業的持續高速增長。舜宇光學科技(集團)有限公司2017 年報13Management Discussion and Analysis管理層討論與分析For the optical instruments market,the whole market,taking advantages of the recovery of global economy and the continuous in
76、crease in investments to the global electronic industry,was further explored.In recent years,“Intelligently Manufactured in China”has became the direction of transformation of manufacturing industry in China,and the market demands for relevant high-end instruments and equipments required in machine
77、vision applications and smart factories have been increasing.Meanwhile,the demands of medical and educational fields for smart microscopes have increased constantly.The Group has further optimised the configuration and consolidated related technologies and resources,which better responded to the opp
78、ortunities and challenges from various segment markets.In addition,the Group has also made continuous efforts in other areas,such as other various kinds of emerging fields including unmanned aerial vehicle(“UAv”),augmented reality(“AR”),virtual reality(“vR”)and 3D.In 2017,AR and 3D technologies have
79、 gradually pervaded various fields,further created cross with the field of Internet of Things and have been applied commercially in entertainment and games,smart home,road traffic safety,logistics,intelligent cities and other fields.The Group has constantly increased its R&D investment,promoted tech
80、nological innovation,actively expanded the markets and strengthened the cooperation with global top-tier Hi-Tech companies,thereby obtaining considerable economic benefits,which have in turn laid a good foundation for the Groups mid-to long-term development.During the year under review,in spite of t
81、he changeable market,the Group adhered to constantly enhancing its comprehensive competitive strength with its customer-oriented strategy led by technologies,actively adhered to its corporate culture with a core value of“Create Together”,based in optoelectronic industry and accurately seized the tre
82、nd in the market.The Group also focused on innovation,and enhanced its efficiency,optimised product portfolios and made full use of all advantages,which significantly enhanced the comprehensive competitiveness of the Group.光學儀器市場方面,在全球經濟改善及全球電子行業投資持續上升的優勢下,整個市場得以進一步開拓。近年來,中國智造 成為中國生產製造業轉型的方向,而且業界對機器
83、視覺應用及智能工廠所需的相關高端機器設備的需求不斷增加。與此同時,醫療和教育領域對顯微鏡智能化的訴求也不斷提高。本集團進一步優化配置,整合相關技術和資源,更好地應對了各細分市場的機遇與挑戰。此外,本集團亦在其他領域做出持續努力,包括無人機(UAv)、增強現實(AR)、虛擬現實(vR)及3D等其他各種新興領域。二零一七年,AR和3D技術逐步滲透至各領域,且進一步和物聯網領域產生交叉,於娛樂遊戲、智能家居、道路行車安全、物流、智慧城市等領域進行商業化的應用。本集團不斷加大研發投入,推動技術創新,積極進行市場開拓,強化與全球頂尖高科技公司的合作,實現了可觀的經濟效益,為本集團未來的中長期發展奠定了堅
84、實的基礎。於回顧年內,儘管市場風雲變幻,本集團仍堅持以客戶為中心,以技術為導向,不斷提高自身的綜合競爭實力,積極踐行以 共同創造為核心價值觀的企業文化,立足光電產業,精準把握市場趨勢,注重創新,提高生產效率,優化產品組合,發揮各項優勢,實現綜合競爭實力的大幅提升。14Sunny Optical Technology(Group)Company LimitedANNUAL REPORT 2017Management Discussion and Analysis管理層討論與分析BUSINESS REvIEWOn one hand,the Group continuously strengthen
85、ed the foundation of development,continued to improve and expand its existing advantageous businesses and further implemented its development strategy of“Speeding Up Transformation and Upgrade”and continuously improve its market competitiveness and customer satisfaction by a number of innovations in
86、 the fields of markets,products and services,etc.,which significantly enhanced the economic benefits.At the same time,the Group built up quality awareness all the time to enhance quality management and improve quality control systems.On the other hand,the Group further improved management systems,co
87、mbined with information platform and the analysis of big data,continued to promote lean management and increased the production efficiency which further strengthened the manufacturing advantage.During the year under review,the three business segments of the Group,namely Optical Components,Optoelectr
88、onic Products and Optical Instruments,performed well.The shipment volume of the handset lens sets has significantly increased for the whole year,and product mix and customer structure were further optimised,which contributed to the increases in market shares and competitiveness,and the continuous im
89、provement of profitability.The vehicle lens sets business maintained rapid and steady growth,and the market share continued to expand steadily with its revenue increased significantly.Under the intensified competition in domestic and foreign markets,the handset camera modules business tackled the ch
90、allenges,outperformed the general market and achieved good results in spite of various difficulties.In 2017,the Group realised sales revenue of approximately RMB22,366.3 million,representing an increase of approximately 53.1%as compared with last year.During the year under review,the Group,driven by
91、 R&D investment,improved the construction of R&D organisation,increased the investment in core technologies,consolidated core manufacturing resources,conducted R&D to upgrade and make innovations in the existing products and production techniques in the Groups three major business segments,namely Op
92、tical Components,Optoelectronic Products and Optical Instruments.The Group kept innovating in new optical application fields and optoelectronic modules,and further boosted the process automation and“Lean Production”,which further consolidated the technological advantages for the existing products in
93、 the industry and established a first-mover advantage in emerging technologies and products.In order to avoid operational risk in terms of intellectual property rights more effectively,the Group has been actively making patent applications with 223 new patents being added in 2017.As of 31 December 2
94、017,the Group had 634 patents,including 144 invention patents,407 utility model patents and 83 exterior design patents.In addition,approvals for another 1,050 patent applications are pending.業務回顧本集團一方面不斷夯實發展基礎,繼續做精做透現有優勢業務,深化推進 加速轉型升級的發展策略,通過在市場、產品、服務等領域的諸多創新,持續提升了市場競爭力和客戶滿意度,經濟效益得到大幅提升。同時,本集團時刻樹立品質
95、意識,加強品質管理,完善品質管控體系。另一方面,本集團進一步健全管理體系,結合信息化平台和大數據分析,持續推進精益管理,提升生產效率,進一步強化了製造優勢。於回顧年內,本集團的光學零件、光電產品及光學儀器三大事業皆取得了不錯的成績。手機鏡頭全年出貨量獲得大幅增長,產品結構與客戶結構得到進一步優化,市場佔有率和競爭力得以提升,盈利能力持續改善;車載鏡頭業務保持了快速穩健的增長勢頭,且市場份額繼續穩步提升,銷售收入大幅增加;在國內外市場競爭激烈的形勢下,手機攝像模組業務迎難而上,克服了種種困難,實現了遠超整體市場表現的優秀業績。二零一七年,本集團實現銷售收入約人民幣22,366,300,000元,
96、較去年上升約53.1%。於回顧年內,本集團以研發投入為動力,加強研發組織建設,加大核心技術投入,鞏固核心製造資源,分別對三大主要業務部門光學零件、光電產品及光學儀器的原有產品和生產工藝進行升級研發和革新。本集團在新興光學應用領域及光電模組方面不斷創新,進一步推動制程自動化及 精益生產,繼續鞏固原有產品在行業中的技術領先地位,並在新興技術和產品方面建立先發優勢。為了更加有效的防範知識產權方面存在的經營風險,本集團已積極進行專利佈局,於二零一七年新增專利223項。截至二零一七年十二月三十一日止,本集團擁有634項已獲授專利,其中發明專利144項,實用新型專利407項,外觀設計專利83項。此外,另有
97、1,050項待批核的專利。舜宇光學科技(集團)有限公司2017 年報15Management Discussion and Analysis管理層討論與分析OPTICAl COMPONENTSBenefiting from the continuous growth in the mid-to high-end smartphone market and the vehicle imaging field,the Groups excellent control of the market trend,as well as the technological innovation,market
98、 expansion and the improvement of the production efficiency made by the Groups Optical Components business segment,it contributed to the substantial growth in sales and the further optimisation of product mix and customer structure.During the year under review,the revenue from the Optical Components
99、 business segment amounted to approximately RMB4,301.8 million,representing an increase of approximately 45.5%as compared with the corresponding period of last year.This business segment accounted for approximately 19.2%of the Groups total revenue,as compared with approximately 20.2%in the correspon
100、ding period of last year.During the year under review,handset lens sets of the Group recorded a year-on-year growth of approximately 60.3%in the shipment volume.Meanwhile,the proportion of shipment volume of 10-mega pixel above products increased from approximately 28.9%last year to approximately 47
101、.6%.In addition,the Group also focused on R&D investment for products.During the year under review,the Group has completed the R&D on the handset lens set with 7 pieces plastic aspherical lenses(“7P”)and a variety of 20-mega pixel miniaturised handset lens sets have been completed the development an
102、d production by the Group,and the first hybrid handset lens sets in the world has also commenced mass production.At the same time,the development of more models large aperture handset lens sets with high-end 6 pieces of plastic aspheric lenses(“6P”)has been completed and such products have begun to
103、be used among numerous famous high-end customers.In addition,the Group actively developed semiconductor optics and micro-nano optics,which laid a foundation for the Group to arrange more value chain in 3D industry.In addition to continued mass production of the high-end handset lens sets with 10-meg
104、a pixel above for Korean customer and Japanese customer,more and more high-end handsets lens sets with differentiated functions and high resolution were provided to famous domestic smartphone brand manufacturers.The Group further improved its domestic market share.Furthermore,the Group has developed
105、 a wide range of products for various applications in emerging fields such as lenses and lens sets used in VR/AR,biological recognition,motion tracking,3D and so on,thanks to its profound accumulation of experience in the field of optics and leading edge in technology,and some of the products have c
106、ommenced mass production.光學零件受惠於中高端智能手機市場及車載成像領域的持續增長,以及本集團對市場趨勢卓越的把控,再加上光學零件事業通過技術革新、市場拓展以及生產效率的提升,該事業的銷售實現了大幅增長,且產品結構和客戶結構均得到進一步優化。於回顧年內,光學零件事業的銷售收入約人民幣4,301,800,000元,較去年同期上升約45.5%。此業務部門佔本集團總銷售收入約19.2%,而在去年同期則約佔20.2%。於回顧年內,本集團的手機鏡頭出貨量較去年增長約60.3%。同時,千萬像素以上產品的出貨量佔比已由去年約28.9%上升至約47.6%。此外,本集團亦非常關注對於產品
107、的研發投入。於回顧年內,本集團已完成了7片塑膠非球面鏡片(7P)的手機鏡頭的研發以及多款兩千萬像素超小型化手機鏡頭的開發及量產,且全球第一款玻塑混合的手機鏡頭也實現量產。同時,更多款高端6片塑膠非球面鏡片(6P)的大光圈手機鏡頭開發完成並在多家知名高端客戶中導入使用。此外,本集團積極布局半導體光學與微納米光學,為本集團佈局3D產業更多價值鏈奠定了基礎。本集團除了為韓國客戶及日本客戶繼續量產千萬像素以上高規格的手機鏡頭外,越來越多款高規格的、帶有差異化功能的高像素手機鏡頭也提供給國內知名智能手機品牌商,本集團在國內的市場份額得到進一步提升。此外,憑藉在光學領域的深厚積累及技術領先優勢,本集團已開
108、發出多款應用於新興領域的產品,如應用於VR/AR、生物識別、運動追蹤、3D等領域的鏡片和鏡頭,且其中部分產品已實現量產。16Sunny Optical Technology(Group)Company LimitedANNUAL REPORT 2017Management Discussion and Analysis管理層討論與分析During the year under review,vehicle lens sets of the Group recorded a growth of approximately 41.0%in terms of the shipment volume,
109、representing a growth rate higher than that in the industry,which was the same case as last year.The Group also continued to maintain No.1 position in the industry globally and its market share has been expanded further.The Group has achieved good performance in the future new product field,which fu
110、rther strengthened its leading position in segment market.During the year under review,the Group has completed the R&D of 4-mega pixel and 8-mega pixel vehicle lens sets and strongly promoted the Replacing Labour with Robots plan,which contributed to great improvement for production efficiency and c
111、osts.The Group touched the vehicles head-up display(“hUD”)field previously and completed the R&D and manufacture of several sample machines.Currently,the Group has conducted substantive business cooperation with several international first-tier supplier customers.The Group knew well about the import
112、ance of the proprietary intellectual property rights for the building of barriers to competition and for the increase in its comprehensive competitiveness.During the year under review,the Group has applied for many patents in the optical field,including various international patents.During the year
113、under review,a total of 242 patents have been obtained by the Group in the Optical Components business segment,among which 106 are invention patents,134 are utility model patents and the remaining 2 is exterior design patent.In addition,460 patents are in the process of application.OPTOElECTRONIC PR
114、ODUCTSBenefiting from the growth of mid-to high-end smartphone market in the PRC,the rise of domestic brands and the development of other mobile terminal products,the Optoelectronic Products business segment achieved good performance.During the year under review,the revenue from the Optoelectronic P
115、roducts business segment amounted to approximately RMB17,771.0 million,representing an increase of approximately 55.8%compared with the corresponding period of last year.This business segment accounted for approximately 79.5%of the Groups total revenue,as compared with approximately 78.0%in the corr
116、esponding period of last year.於回顧年內,本集團車載鏡頭的出貨量延續了去年高於行業的增速,達到約41.0%的增長。本集團亦繼續保持了全球第一的行業領先地位,且市場份額進一步得到提升。本集團在未來新產品領域取得了可喜的成績,細分市場龍頭地位得到進一步強化。於回顧年內,本集團已完成四百萬和八百萬像素車載鏡頭的研發,並大力推進機器換人計劃,生產效率和成本皆有大幅改善。本集團提前布局汽車抬頭顯示(hUD)領域,且完成了多台樣機的研發製作,目前已同多家國際一級供應商客戶展開實質性的業務合作。本集團深知自主知識產權在構築競爭壁壘,加強自身綜合競爭力方面的重要性。於回顧年內,本
117、集團申請了光學領域的諸多專利,其中包括多項國際專利。於回顧年內,本集團在光學零件事業領域中已獲得一共242項專利,其中106項為發明專利及134項為實用新型專利,餘下2項為外觀設計專利。此外,另有460項專利正在申請當中。光電產品受惠於中國中高端智能手機市場的增長、國產品牌的崛起及其他移動終端產品的發展,光電產品事業取得了不錯的業績。於回顧年內,光電產品事業的收入約人民幣17,771,000,000元,較去年同期增長約55.8%。此業務部門佔本集團的總銷售收入約79.5%,而在去年同期則佔約78.0%。舜宇光學科技(集團)有限公司2017 年報17Management Discussion a
118、nd Analysis管理層討論與分析During the year under review,the handset camera modules of the Group recorded a year-on-year growth of approximately 20.4%in the shipment volume.Meanwhile,the proportion of shipment volume of 10-mega pixel above products increased from approximately 60.7%last year to approximately
119、 64.5%,and the proportion of shipment volume of dual-camera modules increased significantly.During the year under review,the penetration rate of dual-camera modules in smartphone industry increased sharply and the specifications were also more diversified.The Group has completed the R&D on periscope
120、-style tiny optical zoom modules and the periscope-style dual-camera modules with high magnification optical zoom function,and the qualification of automotive camera modules has been obtained by a globally renowned Tier 1 client.In addition,the Group has commenced mass production of the modules of t
121、he time-of-flight(“TOF”)and structured-light modules which are developed based on domain of depth perception,as well as binocular stereo cameras,which have been applied to the fields such as smartphones,drones and AR/VR,etc.Meanwhile,the Group made innovations in COB packaging technology in terms of
122、 production process,researched and developed new packaging techniques with proprietary intellectual property rights,and has commenced mass production of such products.At the same time,the Group continuously optimised and upgraded the production process,which has greatly improved the production effic
123、iency.During the year under review,a total of 267 patents have been obtained by the Group in the Optoelectronic Products business segment,among which,28 were invention patents,226 were utility model patents and the remaining 13 were exterior design patents.In addition,524 patents are in the process
124、of application.OPTICAl INSTRUMENTSDuring the year under review,benefiting from the recovery of macroeconomic environment and the increase of demand of the entire electronic market for relevant instruments and equipment because of its recovery,the revenue from the Optical Instruments business segment
125、 amounted to approximately RMB293.5 million,representing an increase of approximately 16.0%compared with the corresponding period of last year.This business segment accounted for approximately 1.3%of the Groups total sales revenue,as compared with approximately 1.8%in the corresponding period of las
126、t year.於回顧年內,本集團手機攝像模組的出貨量較去年增長約20.4%。同時,千萬像素以上產品的出貨量佔比由去年約60.7%提升至約64.5%,且雙攝像頭模組的出貨量佔比大幅上升。於回顧年內,雙攝像頭模組在智能手機行業中的滲透率大幅提升,且規格更為多樣化。本集團已完成潛望式超小光學變焦模組及具備高倍率光學變焦潛望式的雙攝像頭模組的研發,並且車載攝像模組取得全球知名Tier 1客戶的認證。此外,本集團基於深度感知領域所開發的飛行時間(TOF)模塊和結構光模塊以及雙目立體相機均已實現量產並已用於智能手機、無人機及AR/VR等領域。同時,本集團在生產工藝上對COB封裝技術進行創新,研發出擁有自主
127、知識產權的新型封裝技術並實現產品量產。同時,本集團持續對生產工藝進行優化升級,大大提升了生產效益。於回顧年內,本集團在光電產品事業領域中已獲得一共267項專利,其中28項為發明專利,226項為實用新型專利,餘下13項為外觀設計專利。此外,另有524項專利正在申請當中。光學儀器於回顧年內,受惠於宏觀經濟環境的恢復以及整個電子市場回暖對相關儀器設備需求的增加,光學儀器事業的收入約人民幣293,500,000元,較去年同期增長約16.0%。此業務部門佔本集團的總銷售收入約1.3%,而在去年同期則約佔1.8%。18Sunny Optical Technology(Group)Company Limit
128、edANNUAL REPORT 2017Management Discussion and Analysis管理層討論與分析During the year under review,the Group continued the transformation of the Optical Instruments business segment,and further optimised the configuration,consolidated the foundation and optimised the technologies.As a result,the products ha
129、ve been improved steadily.The LED invest fluorescence microscopes with automatic fluorescence switch,which was first applied to the field of life science in China,was put into mass production.In addition,the automatic production line solution of automotive camera modules has also commenced mass prod
130、uction.The Groups smart factory integrated solutions were further improved.In addition,the Group will also continue to enhance the research&development and market investments of high-end optical instruments in industrial,educational and medical fields to maintain the mid-to long-term stable developm
131、ent of the Group.During the year under review,a total of 125 patents have been obtained by the Group in the Optical Instruments business segment,among which,10 were invention patents,47 were utility model patents and the remaining 68 were exterior design patents.In addition,66 patents are in the pro
132、cess of application.PRODUCTIONThe Groups products are mainly manufactured in four production bases in Yuyao of Zhejiang Province,Zhongshan of Guangdong Province,Shanghai and Xinyang of Henan Province in the PRC,respectively.In addition,the Group has also established a subsidiary in Silicon Valley,Ca
133、lifornia,the United States,which is responsible for technical support,marketing and customer base expansion in North America.於回顧年內,本集團對光學儀器事業持續進行深化改革,並進一步優化配置,鞏固基礎,優化技術,產品力得到穩步提升。國內首創應用於生命科學領域自動熒光切換的LED倒置熒光顯微鏡實現量產。此外,車載攝像模組自動生產線也實現量產。本集團的智能工廠整體解決方案進一步完善。此外,本集團也將繼續加強對工業、教育、醫療領域高端光學儀器的研發及市場的投入,以維持本集團中
134、長期的穩固發展。於回顧年內,本集團在光學儀器事業領域中已獲得一共125項專利,其中10項為發明專利,47項為實用新型專利,餘下68項為外觀設計專利。此外,另有66項專利正在申請當中。生產本集團的產品主要由分別位於中國浙江省餘姚市、廣東省中山市、上海市及河南省信陽市的四個生產基地生產。此外,本集團亦在美國加利福尼亞州硅谷設立了附屬公司,負責北美地區的技術支持、市場推廣及客戶開拓。舜宇光學科技(集團)有限公司2017 年報19Management Discussion and Analysis管理層討論與分析AWARDS AND RECOGNITIONS獎項與嘉許CORPORATE hONOURS
135、 RECEIvED IN 2017於二零一七年取得的企業榮譽Zhejiang Sunny Optics Co.,Ltd.was awarded the“Quality Award”by Vivo Communication Technology Co.Ltd.(VIVO)浙江舜宇光學有限公司榮獲維沃通信科技有限公司(VIVO)所頒發的 品質獎Ningbo Sunny Automotive Optech Co.,Ltd.was awarded the“Bosch Global Supplier Award”by Bosch寧波舜宇車載光學技術有限公司榮獲博世頒發的 博世年度全球供應商大獎Ning
136、bo Sunny Automotive Optech Co.,Ltd.was awarded the“Global Best Supplier Award”by ZF Friedrichshafen AG Group(采埃孚集團)in Germany寧波舜宇車載光學技術有限公司榮獲德國采埃孚集團的 全球最佳供應商獎Xinyang Sunny Optics Co.,Ltd.was awarded the“Quality Contribution Award”by Sony信陽舜宇光學有限公司榮獲索尼頒發的 品質貢獻獎Sunny Optics(Zhongshan)Co.,Ltd.was award
137、ed the“Strategic Partner Award”by Hikvision舜宇光學(中山)有限公司榮獲海康威視 戰略合作夥伴獎Ningbo Sunny Opotech Co.,Ltd.was awarded the“Core Partner Award”by Huawei Technologies and the“Best Collaboration Partner Award”by Huawei Consumer BG寧波舜宇光電信息有限公司榮獲華為技術 核心合作夥伴獎 及華為消費者BG 最佳合作夥伴獎Ningbo Sunny Opotech Co.,Ltd.was awarde
138、d the“Innovation Award”by Vivo Communication Technology Co.Ltd.寧波舜宇光電信息有限公司榮獲維沃通信科技有限公司所頒發的 創新獎Ningbo Sunny Opotech Co.,Ltd.was awarded the“Best Delivery Supplier Award”by Panasonic寧波舜宇光電信息有限公司榮獲松下所頒發的 最佳交付供應商獎20Sunny Optical Technology(Group)Company LimitedANNUAL REPORT 2017Management Discussion an
139、d Analysis管理層討論與分析The Group was included as a constituent stock in the“Hang Seng Composite Size Index-Hang Seng Composite Large-Cap Index”and“Hang Seng Index”本集團被納入 恒生綜合市值指數恒生綜合大型股指數 成份股及 恒生指數 成份股The Group was ranked 17th in“Top 50 Listed Companies in Asia”of“Forbes”本集團首次入圍 福布斯 的 亞洲上市公司50強 榜單,位列第17位
140、The Group was listed in the“Top 500 Chinese Manufacturing Enterprises 2017”issued by China Enterprise Confederation for three consecutive years,ranking 357th,which has been improved by 59 places as compared to last year本集團連續第三年入圍中國企業聯合會發佈的 2017中國製造業企業500強 榜單,位列第357位,較去年上升59位The Group was ranked top
141、three among technology/hardware companies of 2017“Best CEO”,“Best CFO”,“Best IR Professional”,“Best IR Company”,“Best Analyst Day”and the“Best Website”again by Institutional Investor,an US magazine.The Company was also awarded as a“Most Honored Company”本集團再次榮登美國 機構投資者雜誌二零一七年 最佳行政總裁、最佳財務總監、最佳投資者關係專業人
142、士、最佳投資者關係公司、最佳分析師日及 最佳網站的榜單,均位列科技硬件類前三甲,並榮獲 最受尊敬公司 的稱號舜宇光學科技(集團)有限公司2017 年報21Management Discussion and Analysis管理層討論與分析財務回顧收入截至二零一七年十二月三十一日止年度,本集團的收入約人民幣22,366,300,000元,較去年同期增加約53.1%或約人民幣7,754,500,000元。收入上升的主要原因是受惠於本集團在智能手機相關業務及車載成像領域的快速發展。光學零件事業的收入較去年同期增加約人民幣1,346,200,000元至約人民幣4,301,800,000元。收入增長主要
143、是因為手機鏡頭及車載鏡頭出貨量的上升,及手機鏡頭的產品結構改善所帶來平均售價的提升。光電產品事業的收入較去年同期增加約人民幣6,367,800,000元至約人民幣17,771,000,000元。收入增長主要是由於手機攝像模組出貨量的上升及產品結構改善所帶來平均售價的提升。光學儀器事業的收入較去年同期增加約人民幣40,500,000元至約人民幣293,500,000元。收入上升主要是因為工業儀器的市場需求回暖。毛利及毛利率截至二零一七年十二月三十一日止年度的毛利約 人 民 幣4,802,800,000元,較 去 年 同 期 上 升約79.2%。毛利率則約21.5%(二零一六年:約18.3%),較
144、去年上升3.2個百分點。上升的主要原因是與去年同期相比,光學零件事業的銷售增長迅速及其毛利率大幅提升,且光電產品事業的毛利率亦有所提升。其中光學零件事業的毛利率約44.0%(二零一六年:約39.8%),光電產品事業的毛利率約13.1%(二零一六年:約10.5%)及光學儀器事業的毛利率約43.2%(二零一六年:約40.4%)。FINANCIAl REvIEWRevenueFor the year ended 31 December 2017,the Groups revenue was approximately RMB22,366.3 million,representing an incre
145、ase of approximately 53.1%or approximately RMB7,754.5 million as compared with the corresponding period of last year.The increase in revenue was mainly benefited from the Groups rapid development in the smartphone related businesses and vehicle imaging field.Revenue generated from the Optical Compon
146、ents business segment increased by approximately RMB1,346.2 million to approximately RMB4,301.8 million as compared with the corresponding period of last year.The increase in revenue was mainly due to the increase in the shipment volume of handset lens sets and vehicle lens sets,and the rise in the
147、average selling price through the improvement of product mix of handset lens sets.Revenue generated from the Optoelectronic Products business segment increased by approximately RMB6,367.8 million to approximately RMB17,771.0 million as compared with the corresponding period of last year.The increase
148、 in revenue was mainly attributable to the increase in the shipment volume of handset camera modules and the rise in the average selling price through the improvement of product mix.Revenue generated from the Optical Instruments business segment increased by approximately RMB40.5 million to approxim
149、ately RMB293.5 million as compared with the corresponding period of last year.The increase in revenue was mainly attributable to the recovery of the market demand for industrial instruments.Gross Profit and MarginThe gross profit for the year ended 31 December 2017 was approximately RMB4,802.8 milli
150、on,which was approximately 79.2%higher as compared with the corresponding period of last year.The gross profit margin was approximately 21.5%(2016:approximately 18.3%),which was 3.2 percentage points higher than that of last year.The increase in gross profit margin was mainly attributable to the fas
151、t growth in sales of Optical Components business segment as well as its substantially improved gross profit margin,and the improved gross profit margin of the Optoelectronic Products business segment as compared with the corresponding period of last year.The gross profit margins of Optical Component
152、s business segment,Optoelectronic Products business segment and Optical Instruments business segment were approximately 44.0%,13.1%and 43.2%,respectively(2016:approximately 39.8%,10.5%and 40.4%respectively).22Sunny Optical Technology(Group)Company LimitedANNUAL REPORT 2017Management Discussion and A
153、nalysis管理層討論與分析銷售及分銷費用截至二零一七年十二月三十一日止年度的銷售及分銷費用較去年同期增加約人民幣51,200,000元,達至約人民幣205,100,000元,於年內佔本集團收入約0.9%,去年佔比約1.1%。有關費用的增加主要是由於營銷活動增加導致相關銷售、市場推廣及分銷人員的成本增加。研發費用截至二零一七年十二月三十一日止年度的研發費用較去年同期增加約人民幣473,800,000元,達至約人民幣1,168,200,000元,於年內佔本集團收入約5.2%,去年佔比約4.8%。有關費用的增加乃本集團持續投放資金於研發項目及業務發展所致。研發費用主要用於高規格手機鏡頭及手機攝像
154、模組、創新型移動終端光電產品、車載鏡頭、紅外產品、安防監控系統產品、中高端光學儀器的研發以及原有產品種類的升級。行政費用截至二零一七年十二月三十一日止年度的行政費用較去年同期增加約人民幣57,700,000元,達至約人民幣388,900,000元,於年內佔本集團收入約1.7%,去年佔比約2.3%。有關費用上升的主要原因為行政員工數量的增加,薪資的上升及受限制性股份的授出及相關福利成本相應提高。所得稅開支截至二零一七年十二月三十一日止年度的所得稅開支較去年同期增加約人民幣229,400,000元,達至約人民幣404,200,000元。所得稅開支上升的主要原因是盈利的擴大。於年內,本集團的實際有效
155、稅率約12.2%,去年則約12.1%。Selling and Distribution ExpensesThe selling and distribution expenses for the year ended 31 December 2017 increased by approximately RMB51.2 million as compared with the corresponding period of last year to approximately RMB205.1 million.It accounted for approximately 0.9%of the
156、Groups revenue during the year,as compared with approximately 1.1%for last year.The increase in such expenses was primarily attributable to the increase in costs of selling,marketing and distribution personnel resulted from the growth in sales activities.R&D ExpenditureThe R&D expenditure for the ye
157、ar ended 31 December 2017 increased by approximately RMB473.8 million as compared with the corresponding period of last year to approximately RMB1,168.2 million.It accounted for approximately 5.2%of the Groups revenue during the year,as compared with approximately 4.8%for last year.The increase in s
158、uch expenditure was attributable to the Groups continuous investment in R&D activities and business development.The R&D expenditure was mainly used in the R&D of high-end handset lens sets and handset camera modules,innovative optoelectronic products for mobile terminals,vehicle lens sets,infrared p
159、roducts,security surveillance systems products,mid-to high-end optical instruments and the upgrade of existing product categories.Administrative ExpensesThe administrative expenses for the year ended 31 December 2017 increased by approximately RMB57.7 million as compared with the corresponding perio
160、d of last year to approximately RMB388.9 million.It accounted for approximately 1.7%of the Groups revenue during the year,as compared with approximately 2.3%for last year.The increase in such expenses was mainly attributable to the increase in the headcount of administrative staff,the increase in re
161、muneration and the grant of restricted shares and the corresponding increase in relevant fringe benefits.Income Tax ExpenseThe income tax expense for the year ended 31 December 2017 increased by approximately RMB229.4 million as compared with the corresponding period of last year to approximately RM
162、B404.2 million.The increase in income tax expense was mainly attributable to the growth in earnings.The Groups actual effective tax rate was approximately 12.2%during the year,as compared with approximately 12.1%for last year.舜宇光學科技(集團)有限公司2017 年報23Management Discussion and Analysis管理層討論與分析下表顯示本集團各中
163、國附屬公司的適用稅率:Name of SubsidiariesType of Subsidiaries20019附屬公司名稱附屬公司類型二零一六年二零一七年二零一八年二零一九年(Expected)(Expected)(預期)(預期)+*Zhejiang Sunny Optics Co.,Ltd.(“Sunny Zhejiang Optics”)+*浙江舜宇光學有限公司(舜宇浙江光學)Limited liability company (Taiwan,Hong Kong or Macau joint venture)有限責任公司(台港澳合資)15.0%15.0%15.0%1
164、5.0%+*Ningbo Sunny Instruments Co.,Ltd.(“Sunny Instruments”)+*寧波舜宇儀器有限公司(舜宇儀器)Limited liability company (Taiwan,Hong Kong or Macau joint venture)有限責任公司(台港澳合資)15.0%15.0%15.0%15.0%+*Sunny Optics(Zhongshan)Co.,Ltd.(“Sunny Zhongshan Optics”)+*舜宇光學(中山)有限公司(舜宇中山光學)Limited liability company (Taiwan,Hong Ko
165、ng or Macau and domestic joint venture)有限責任公司(台港澳與境內合資)15.0%15.0%15.0%15.0%+*Ningbo Sunny Opotech Co.,Ltd.(“Sunny Opotech”)+*寧波舜宇光電信息有限公司(舜宇光電)Limited liability company (Taiwan,Hong Kong or Macau and domestic joint venture)有限責任公司(台港澳與境內合資)15.0%15.0%15.0%15.0%+*Ningbo Sunny Infrared Technologies Co.,
166、Ltd.(“Sunny Infrared Optics”)+*寧波舜宇紅外技術有限公司(舜宇紅外光學)Limited liability company (investment by foreign investment company)有限責任公司(外商投資企業投資)15.0%15.0%15.0%15.0%+*Shanghai Sunny Hengping Scientific Instrument Co.,Ltd.(“Sunny Hengping Instrument”)+*上海舜宇恒平科學儀器有限公司(舜宇恒平儀器)Limited liability company (domestic
167、joint venture)有限責任公司(國內合資)15.0%15.0%15.0%15.0%The tax rates applicable to the Groups subsidiaries in the PRC are shown as follows:24Sunny Optical Technology(Group)Company LimitedANNUAL REPORT 2017Management Discussion and Analysis管理層討論與分析Name of SubsidiariesType of Subsidiaries20019附屬公司名稱
168、附屬公司類型二零一六年二零一七年二零一八年二零一九年(Expected)(Expected)(預期)(預期)+*Ningbo Sunny Automotive Optech Co.,Ltd.(“Sunny Automotive Optech”)+*寧波舜宇車載光學技術有限公司(舜宇車載光學)Li mited liability company(sole investment by foreign investment company)有限責任公司(外商投資 企業法人獨資)15.0%15.0%15.0%15.0%#Sifang Technology(Hangzhou)Co.,Ltd.(“Sifa
169、ng Technology”)#思方科技(杭州)有限公司(思方科技)Limited liability company (legal person sole investment)有限責任公司(法人獨資)25.0%25.0%25.0%25.0%Xinyang Sunny Optics Co.,Ltd.(“Sunny Xinyang Optics”)信陽舜宇光學有限公司(“舜宇信陽光學”)Limited liability company (investment by foreign investment company)有限責任公司(外商投資企業投資)25.0%25.0%25.0%25.0%S
170、hanghai Sunny Yangming Precision Optics Co.,Ltd.(“Sunny Shanghai Optics”)上海舜宇陽明精密光學有限公司(舜宇上海光學)Limited liability company (sole investment by foreign investment company)有限責任公司(外商投資 企業法人獨資)25.0%25.0%25.0%25.0%Ningbo Sunny Intelligent Technology Co.,Ltd.(“Sunny Intelligent Technology”)寧波舜宇智能科技有限公司(舜宇智能
171、科技)Limited liability company (legal person sole investment)有限責任公司(法人獨資)25.0%25.0%25.0%25.0%Sunny Group Co.,Ltd.(“Sunny Group”)舜宇集團有限公司(舜宇集團)Limited liability company (sole investment by foreign investment company)有限責任公司(外商投資 企業法人獨資)25.0%25.0%25.0%25.0%Zhejiang Sunny Optical Intelligence Technology C
172、o.,Ltd.(“Sunny Optical Intelligence”)Limited liability company有限責任公司浙江舜宇智能光學技術有限公司(舜宇智能光學)25.0%25.0%25.0%25.0%舜宇光學科技(集團)有限公司2017 年報25Management Discussion and Analysis管理層討論與分析Name of SubsidiariesType of Subsidiaries20019附屬公司名稱附屬公司類型二零一六年二零一七年二零一八年二零一九年(Expected)(Expected)(預期)(預期)Qingdao S
173、unny Hengping Instrument Co.,Ltd.(“Sunny Hengping Instrument(Qingdao)”)Other limited liability company其他有限責任公司青島舜宇恆平儀器有限公司(舜宇恒平儀器(青島)25.0%25.0%25.0%25.0%Sunny Optics(Zhejiang)Research Institute Co.,Ltd.(“Sunny Central Research Institute”)Limited liability company (legal person sole investment)有限責任公司
174、(法人獨資)舜宇光學(浙江)研究院有限公司(舜宇中央研究院)25.0%25.0%25.0%25.0%Yuyao Sunny Optical Intelligence Technology Co.,Ltd.(“Sunny Optical Intelligence Yuyao”)Limited liability company (legal person sole investment)餘姚舜宇智能光學技術有限公司(舜宇智能光學(餘姚)有限責任公司(法人獨資)25.0%25.0%25.0%25.0%!Ningbo Mei Shan Bao Shui Gang Qu Sunxin Investme
175、nt Partnership (Limited Partnership)(“Ningbo Sunxin”)Limited partnership company 有限合夥企業!寧波梅山保稅港區舜鑫 投資管理合夥企業(有限合夥)(寧波舜鑫)N/A不適用N/A不適用N/A不適用N/A不適用Ningbo Mei Shan Bao Shui Gang Qu Sunyi Investment Co.,Ltd.(“Ningbo Sunyi”)Limited liability company有限責任公司寧波梅山保稅港區舜翌投資管理有限公司(寧波舜翌)25.0%25.0%25.0%25.0%Yuyao Ci
176、ty Sunny Huitong Microcredit Co.,Ltd.(“Sunny Huitong”)Limited liability company(legal person sole investment)有限責任公司(法人獨資)餘姚市舜宇匯通小額貸款有限公司(舜宇匯通)25.0%25.0%25.0%25.0%*結算日前被認定為高新技術企業。+該等公司的高新技術企業證明將於二零一八年十二月三十一日、二零一九年十二月三十一日或二零二零年十二月三十一日屆滿。#該公司於年內已將其註冊名稱從杭州舜宇安防技術有限公司改為思方科技(杭州)有限公司。!該公司為有限合夥企業,由合夥人自行承擔所得稅
177、。*Companies recognised as Hi-Tech Enterprises prior to the balance sheet date.+The Hi-Tech Enterprise Certification of the companies will expire on 31 December 2018,31 December 2019 or 31 December 2020.#The company has changed its registered name from Hangzhou Sunny Security Technology Co.,Ltd.to Si
178、fang Technology(Hangzhou)Co.,Ltd.during the year.!The partners of the Company shall be responsible for the income tax because it is a limited partnership company.26Sunny Optical Technology(Group)Company LimitedANNUAL REPORT 2017Management Discussion and Analysis管理層討論與分析年度溢利及純利率截至二零一七年十二月三十一日止年度的溢利較去
179、年同期增加約人民幣1,642,500,000元,達至約人民幣2,914,100,000元。純利的增加主要是因為毛利增加及營運費用的有效管控。純利率則約13.0%,去年約8.7%。本公司股東應佔年內溢利截至二零一七年十二月三十一日止年度,本公司股東應佔年內溢利較去年同期增加約人民幣1,630,800,000元,達至約人民幣2,901,600,000元。末期股息截至二零一七年十二月三十一日止年度,董事會建議派發每股約人民幣0.661元(相等於0.812港元)的股息,支付比例約為本公司股東應佔年內溢利約25.0%。流動資金及財政來源現金流量下表載列本集團於截至二零一七年十二月三十一日及二零一六年十二
180、月三十一日止年度的現金流量概要:For the year ended 31 December截至十二月三十一日年度20172016二零一七年二零一六年RMB millionRMB million人民幣百萬元人民幣百萬元Net cash from operating activities 經營活動所得現金淨額2,436.31,615.5Net cash used in investing activities 投資活動所用現金淨額(1,686.3)(1,259.9)Net cash from(used in)financing activities 融資活動所得(所用)現金淨額12.2(81.2
181、)Profit for the Year and Net Profit MarginThe profit for the year ended 31 December 2017 increased by approximately RMB1,642.5 million as compared with the corresponding period of last year to approximately RMB2,914.1 million.The increase in net profit was mainly attributable to the increase in gros
182、s profit and the effective control in operating expenses.The net profit margin was approximately 13.0%as compared with approximately 8.7%for last year.Profit for the Year Attributable to Owners of the CompanyThe profit for the year attributable to owners of the Company for the year ended 31 December
183、 2017 increased by approximately RMB1,630.8 million as compared with the corresponding period of last year to approximately RMB2,901.6 million.Final DividendsFor the year ended 31 December 2017,the dividends proposed by the Board was approximately RMB0.661(equivalent to HK$0.812)per share,with payou
184、t ratio of approximately 25.0%of the profit attributable to owners of the Company for the year.lIQUIDITY AND FINANCIAl RESOURCESCash FlowsThe table below summarises the Groups cash flows for the years ended 31 December 2017 and 31 December 2016:舜宇光學科技(集團)有限公司2017 年報27Management Discussion and Analys
185、is管理層討論與分析本集團營運資金主要來自手頭現金及經營活動所得之現金淨額。董事會預期本集團將依賴經營活動所得現金淨額、銀行借貸及債權融資以應付短期內的營運資金及其它資本開支需求。長遠而言,本集團主要會以經營活動所得現金淨額、額外銀行借貸、債權融資或股權融資(如有需要)所得資金經營。截至二零一七年十二月三十一日止年度,本集團的資金及財務政策並無重大變動。本集團於二零一七年十二月三十一日的現金及現金等值項目餘額約人民幣1,226,900,000元,比去年年底增加約人民幣760,000,000元。經營活動經營活動所得現金流入主要來自本集團產品銷售現金收入。經營活動所用現金流出主要用於購買原材料、員
186、工成本、銷售和分銷支出、研發開支及行政開支。二零一七年財政年度的經營活動所得現金淨額約人民幣2,436,300,000元,而二零一六年財政年度的經營活動所得現金淨額則約人民幣1,615,500,000元。經營活動所得現金淨額增加主要是由於除稅前溢利的增加、貿易及其他應付款項的增加及庫存的減少被貿易及其他應收款項增加部分抵銷。貿易應收款項周轉日數(貿易應收款項餘額收入 365日)由二零一六年財政年度的約72日略微增加至二零一七年財政年度的約73日。這兩個財政年度的貿易應收款項周轉日數沒有顯著差異。貿易應付款項周轉日數(貿易應付款項餘額含應計採購額銷售成本 365日)由二零一六年財政年度的約141
187、日減少至二零一七年財政年度的約94日。供貨商授出的產品採購信貸期最長為180日,貿易應付款項周轉日數減少主要因為二零一六年年底前對一些關鍵原材料進行策略性備貨。因此,二零一六年財政年度的周轉日數較高。The Group derives its working capital mainly from cash on hand and net cash generated from operating activities.The Board expects that the Group will rely on net cash from operating activities,bank bo
188、rrowings and debt financing in the short run to meet the demand of working capital and other capital expenditure requirements.In the long run,the Group will be mainly funded by net cash from operating activities and,if necessary,by additional bank borrowings,debt financing or equity financing.There
189、were no material changes in the funding and financial policy of the Group for the year ended 31 December 2017.The Groups balance of cash and cash equivalents was approximately RMB1,226.9 million as at 31 December 2017,representing an increase of approximately RMB760.0 million as compared with the ba
190、lance of the end of last year.Operating ActivitiesCash inflow from operating activities was mainly generated from cash receipt from sales of the Groups products.Cash outflow from operating activities was mainly due to the purchases of raw materials,staff costs,selling and distribution expenses,R&D e
191、xpenditure and administrative expenses.Net cash generated from operating activities was approximately RMB2,436.3 million for the financial year of 2017 and net cash generated from operating activities was approximately RMB1,615.5 million for the financial year of 2016.The increase in the net cash ge
192、nerated from operating activities was mainly attributable to the increase in profit before tax,the increase in trade and other payables and the decrease in inventories which were partly off-set by the increase in trade and other receivables.The trade receivable turnover days(balance of trade receiva
193、bles/revenue 365 days)slightly increased from approximately 72 days for the financial year of 2016 to approximately 73 days for the financial year of 2017.There was no significant difference in trade receivable turnover days in these two financial years.The trade payable turnover days(balance of tra
194、de payables including accrued purchases/cost of sales 365 days)decreased from approximately 141 days for the financial year of 2016 to approximately 94 days for the financial year of 2017.The credit term on purchases of goods granted by suppliers is up to 180 days.The decrease in the trade payable t
195、urnover days was mainly due to the strategic stocking of some key raw materials by the end of 2016.Thus,the turnover days for the financial year of 2016 was higher.28Sunny Optical Technology(Group)Company LimitedANNUAL REPORT 2017Management Discussion and Analysis管理層討論與分析存貨周轉日數(存貨餘額銷售成本 365日)由二零一六年財
196、政年度的約87日減少至二零一七年財政年度的約54日。存貨周轉日數減少主要是由於本集團對庫存進行了更嚴格的控制,以提高庫存周轉效率及降低庫存平均水平。此外,二零一六年年底前對一些關鍵原材料進行策略性備貨也導致二零一六年財政年度的週轉日數較高。投資活動本集團於二零一七年財政年度的投資活動所用現金淨額約人民幣1,686,300,000元,這主要是由於在年內分別購買及解除按公允值計入損益之金融資產約人民幣33,428,500,000元及約人民幣33,503,700,000元及本集團於年內的資本開支約人民幣1,765,500,000元。融資活動本集團於二零一七年財政年度的融資活動所得 現 金 淨 額 約
197、 人 民 幣12,200,000元,流 入現金主要來自新籌得的銀行借貸約人民幣1,805,400,000元,而主要流出則是償還銀行借 貸 約 人 民 幣1,361,900,000元、購 買 股 份作為受限制股份獎勵計劃(受限制股份獎勵計劃)下的未歸屬股份約人民幣80,500,000元及向股東派付去年所宣派的股息約人民幣318,100,000元。資本開支截至二零一七年十二月三十一日止年度,本集團的資本開支約人民幣1,765,500,000元,主要用作購置物業、機器及設備、購買無形資產、購買土地使用權和其他有形資產。所有資本開支均來源於內部資源及銀行借貸撥付。The inventory turno
198、ver days(balance of inventories/cost of sales 365 days)decreased from approximately 87 days for the financial year of 2016 to approximately 54 days for the financial year of 2017.The decrease in the inventory turnover days was mainly because the Group has imposed stricter control on inventories,to e
199、nhance the efficiency of inventory turnover and lower the average inventory level.Besides these,the strategic stocking of some key raw materials by the end of 2016 also resulted in higher turnover days for the financial year of 2016.Investing ActivitiesThe Group recorded a net cash used in investing
200、 activities of approximately RMB1,686.3 million for the financial year of 2017,which was mainly attributable to purchases and release of financial assets designated as at fair value through profit or loss of approximately RMB33,428.5 million and approximately RMB33,503.7 million during the year resp
201、ectively,and the Groups capital expenditure amounting to approximately RMB1,765.5 million during the year.Financing ActivitiesThe Group recorded a net cash from financing activities of approximately RMB12.2 million for the financial year of 2017.The cash inflow mainly came from new bank borrowings r
202、aised of approximately RMB1,805.4 million.Major outflows were the repayment of bank borrowings of approximately RMB1,361.9 million,purchases of shares as unvested shares under the restricted share award scheme(“Restricted Share Award Scheme”)of approximately RMB80.5 million and dividends paid to sha
203、reholders of approximately RMB318.1 million declared last year.Capital ExpenditureFor the year ended 31 December 2017,the Groups capital expenditure amounted to approximately RMB1,765.5 million,which was mainly used for the purchases of property,plant and equipment,purchases of intangible assets,acq
204、uisition of land use right and other tangible assets.All of the capital expenditure was financed by internal resources and bank borrowings.舜宇光學科技(集團)有限公司2017 年報29Management Discussion and Analysis管理層討論與分析資本結構債務銀行借貸於二零一七年十二月三十一日,本集團的銀行貸款約人民幣1,347,900,000元(二零一六年:約人民幣904,300,000元)。於二零一七年十二月三十一日,本集團並無安排
205、已抵押樓宇及土地(二零一六年:約人民幣186,100,000元)。於二零一七年十二月三十一日,所有銀行貸款均以美元及人民幣結算。本集團的負債比率是指總借款佔總資本的比例(總資本為總負債與股東權益之和)約8.6%,反映出本集團財務狀況處於十分穩健的水平。銀行授信於二零一七年十二月三十一日,本集團於中國農業銀行股份有限公司餘姚支行的授信為人民幣1,225,000,000元,於寧波銀行股份有限公司餘姚支行的授信為人民幣500,000,000元,於法國巴黎銀行香港分行的授信為44,000,000美元,於法國巴黎銀行(中國)有限公司的授信為60,000,000美元,於香港上海滙豐銀行有限公司的授信為30
206、,000,000美元,於匯豐銀行(中國)有限公司寧波分行的授信為30,000,000美元,於交通銀行股份有限公司餘姚支行的授信為人民幣200,000,000元,於中國銀行股份有限公司餘姚分行的授信為人民幣893,000,000元,於華夏銀行股份有限公司寧波分行的授信為人民幣80,000,000元及於中國進出口銀行寧波分行的授信為人民幣700,000,000元。債務證券於二零一七年十二月三十一日,本集團並無任何債務證券。本集團於二零一八年一月十六日發行美元債,有關詳情請參閱綜合財務報表附註39(b)。或然負債於二零一七年十二月三十一日,本集團並無任何重大或然負債或擔保。CAPITAl STRUC
207、TUREIndebtednessBank borrowingsBank borrowings of the Group as at 31 December 2017 amounted to approximately RMB1,347.9 million(2016:approximately RMB904.3 million).No pledged buildings and land was arranged by the Group as at 31 December 2017(2016:approximately RMB186.1 million).As at 31 December 2
208、017,all bank borrowings were denominated in U.S.Dollars and RMB.The gearing ratio of the Group by reference to the total debt to total book capitalisation ratio(total book capitalisation means the sum of total liabilities and shareholders equity)was approximately 8.6%,reflecting that the Groups fina
209、ncial position was at a sound level.Bank facilitiesAs at 31 December 2017,the Group had bank facilities of RMB1,225.0 million with Yuyao Branch of Agricultural Bank of China Limited,RMB500.0 million with Yuyao Branch of Bank of Ningbo Co.,Ltd.,USD44.0 million with BNP Paribas Hong Kong Branch,USD60.
210、0 million with BNP Paribas(China)Limited,USD30.0 million with The Hongkong and Shanghai Banking Corporation Limited,USD30.0 million with Ningbo Branch of HSBC Bank(China)Co.,Ltd.,RMB200.0 million with Yuyao Branch of Bank of Communication Co.,Ltd.,RMB893.0 million with Yuyao Branch of Bank of China
211、Limited,RMB80.0 million with Ningbo Branch of Huaxia Bank Co.,Ltd.and RMB700.0 million with Ningbo Branch of The Export-Import Bank of China.Debt securitiesAs at 31 December 2017,the Group did not have any debt securities.On 16 January 2018,the Group issued the USD bonds.For details,please refer to
212、Note 39(b)to the consolidated financial statements.Contingent liabilitiesAs at 31 December 2017,the Group did not have any material contingent liabilities or guarantees.30Sunny Optical Technology(Group)Company LimitedANNUAL REPORT 2017Management Discussion and Analysis管理層討論與分析資產抵押於二零一七年十二月三十一日,除已抵押銀
213、行存款約人民幣140,300,000元外,本集團並無任何資產抵押或押記。承擔於二零一七年十二月三十一日,根據有關所租用物業的不可取消經營租約之應付的未來最低租金總額約人民幣143,700,000元(二零一六年:約人民幣149,200,000元)。於二零一七年十二月三十一日,本集團就收購機器及設備有已訂約但未於綜合財務報表撥備的資本開支約人民幣789,600,000元(二零一六年:約人民幣220,100,000元)。於二零一七年十二月三十一日,除上述披露外,本集團並無任何其他資本承擔。資產負債表以外交易於二零一七年十二月三十一日,本集團並無訂立任何重大的資產負債表以外交易。投資表現及未來投資計劃
214、本集團的投資活動主要包括購置及贖回按公允價值計入損益的金融資產、存放及提取已抵押銀行存款、存放及提取短期定期存款及購置物業、機器及設備。截至二零一七年十二月三十一日止年度,本集團動用約人民幣1,765,500,000元進行投資活動,主要用作購置機器及設備、以及新產品之產能初始化設置、購買土地使用權、無形資產和新項目的必要設備配置。該等投資增強了本集團的研發及技術應用能力及生產效率,並拓闊了收入來源。本集團財務政策保持審慎原則,投資項目多為保本且帶來固定收益之項目,以求財務狀況穩健的同時,提高回報。本集團並未且無計劃使用任何金融工具作對沖用途,並將繼續以其自身的財務資源作為其未來投資之資金來源。
215、展望未來,本集團擬進一步投資以加強競爭力。PlEDGE OF ASSETSThe Group did not have any pledge or charge on assets as at 31 December 2017,except for the pledged bank deposits of approximately RMB140.3 million.COMMITMENTSAs at 31 December 2017,the future aggregate minimum lease payments under non-cancellable operating lease
216、s in respect of leased premises amounted to approximately RMB143.7 million(2016:approximately RMB149.2 million).As at 31 December 2017,the capital expenditure of the Group in respect of acquisition of plant and equipment contracted for but not provided in the consolidated financial statements amount
217、ed to approximately RMB789.6 million(2016:approximately RMB220.1 million).As at 31 December 2017,the Group had no other capital commitments save as disclosed above.OFF-BAlANCE ShEET TRANSACTIONSAs at 31 December 2017,the Group did not enter into any material off-balance sheet transactions.PERFORMANC
218、E OF INvESTMENTS MADE AND FUTURE INvESTMENTS PlANThe Groups investing activities mainly include the acquisition and repurchase of financial assets designated as at fair value through profit or loss,placement and withdrawal of pledged bank deposits,placement and withdrawal of short term fixed deposit
219、s and purchases of property,plant and equipment.For the year ended 31 December 2017,the Groups investments amounted to approximately RMB1,765.5 million,mainly involving in the purchases of machinery and equipment,as well as the initial production settings of new products,acquisition of land use righ
220、t,intangible assets and the necessary equipment configurations of new projects.These investments enhanced the Groups R&D and technological application capability and production efficiency,and thus expanded the revenue sources.The Group adopts prudent financial policies,having its investment projects
221、 mostly capital-protected with fixed income,so as to strive for a stable and healthy financial position while improving returns.The Group did not and has no plan to use any financial instrument for hedging purposes and will continue to fund its future investment from its own financial resources.Goin
222、g forward,the Group intends to further invest to enhance its competitiveness.舜宇光學科技(集團)有限公司2017 年報31Management Discussion and Analysis管理層討論與分析市場風險的量化和質化披露利率風險本集團面對作為營運資金以及用於本集團拓展和其它用途的資本開支的銀行借貸利率風險。利率的上調會增加現有及新增債務之成本。截至二零一七年十二月三十一日止年度,固定利息銀行借貸的實際年利率約3.92%,而可變利息銀行借貸的實際年利率則約2.26%至3.92%。匯率波動風險本集團部分產品會出
223、口銷售至國際市場,同時也從國際市場購買大量產品,以上交易均以美元或其它外幣計算。有關本集團遠期外匯合約及外匯期權合約之詳情,請參閱綜合財務報表附註內的附註24(a)。除就本集團業務所進行及以外幣列值的若干投資外,本集團並未及無計劃作出任何外幣投資。信貸風險本集團的金融資產包括衍生金融資產、銀行結餘及現金、已抵押銀行存款、短期定期存款、按公允值計入損益之金融資產、貿易及其他應收款項、應收關連人士款項及可供出售投資,為本集團所面對有關金融資產的最大信貸風險。QUANTITATIvE AND QUAlITATIvE DISClOSURE ABOUT MARKET RISKInterest Rate
224、RiskThe Group is exposed to interest rate risks on its bank borrowings for working capital and capital expenditures that are associated with the expansion of the Group and for other uses.Upward fluctuations in interest rates increase the costs of both existing and new debts.For the year ended 31 Dec
225、ember 2017,the effective interest rate on fixed-rate bank borrowings was approximately 3.92%per annum,while the effective interest on variable-rate bank borrowings was approximately from 2.26%to 3.92%per annum.Foreign Exchange Rate Fluctuation RiskThe Group exports a portion of its products to and p
226、urchases a considerable amount of products from international markets where transactions are denominated in USD or other foreign currencies.Please refer to the information of the Groups foreign currency forward contracts and foreign currency options contracts at Note 24(a)to the notes to the consoli
227、dated financial statements.Except certain investments which are in line with the Groups business and which are denominated in foreign currencies,the Group did not and has no plan to make any foreign currency investment.Credit RiskThe Groups financial assets include derivative financial assets,bank b
228、alances and cash,pledged bank deposits,short term fixed deposits,financial assets designated as at fair value through profit or loss,trade and other receivables,amounts due from related parties and available-for-sale investments,which represent the Groups maximum exposure to credit risk in relation
229、to financial assets.32Sunny Optical Technology(Group)Company LimitedANNUAL REPORT 2017Management Discussion and Analysis管理層討論與分析為減低有關貿易應收款項的信貸風險,管理層已委派專責隊伍,負責釐定信貸限額、審批信貸及其他監察程序,以確保適時採取適當的跟進行動收回過期債務,並已購買有關貿易應收款項的相關保險。此外,本集團於每個報告期期末檢討各項貿易債務的可回收金額,確保已為不可收回的金額計提足夠減值虧損。因此,董事認為本集團的信貸風險已大大降低。綜合財務狀況表所示金額已扣除
230、呆壞賬撥備,乃管理層根據過往經驗、對當時經濟環境的評估及將於日後收取的現金流量貼現值估計。本集團的貿易應收款項分散於大量交易對手及客戶,故無重大信貸集中風險。由於本集團大部分交易對手為獲國際信貸評級機構評定有高信貸評級的銀行,故流動資金的信貸風險有限。現金流量利率風險本集團的現金流量利率風險主要與短期銀行存款的可變利率有關。因此,日後任何利率變化均不會對本集團業績有重大影響。流動資金風險本集團持續監察預測及實際的現金流量水平,並會配對各項金融資產與負債的到期狀況,以維持足夠的現金及現金等值項目,從而控制流動資金風險。僱員和薪酬政策於二零一七年十二月三十一日,本集團擁有28,540名全職僱員,包
231、括6,359名管理和行政人員,21,543名生產人員和638名營運支持人員。為挽留傑出人才,本集團根據集團整體及員工的個別表現,向僱員提供具競爭力之薪酬福利,包括薪資、醫療保險、酌情花紅、其他員工福利、強制性公積金計劃(香港)及國家管理退休福利計劃(國內)等。In order to minimise the credit risk in relation to trade receivables,the management has delegated a team which is responsible for the determination of credit limits,cred
232、it approvals and other monitoring procedures to ensure that follow-up actions are taken to recover overdue debts,and had insurance policies in place relating to trade receivables.In addition,the Group reviews the recoverable amount of each individual trade debt at the end of each reporting period to
233、 ensure that adequate impairment losses are made for irrecoverable amounts.Therefore,the Directors consider that the Groups credit risk is significantly reduced.The amounts presented in the consolidated statement of financial position are net of allowance for bad and doubtful debts,estimated by the
234、management based on prior experience,their assessment of the current economic environment and the discounted cash flows to be received in future.The Group has no significant concentration of credit risk since its trade receivables are dispersed to a large number of counterparties and customers.The c
235、redit risk on liquidity is limited because majority of the counterparties are banks with high credit-ratings as rated by international credit-rating agencies.Cash Flow Interest Rate RiskThe Groups cash flow interest rate risk relates primarily to variable rates applicable to short term bank deposits
236、.Therefore,any future variations in interest rates will not have any significant impact on the results of the Group.liquidity RiskThe Group manages liquidity risk by maintaining adequate level of cash and cash equivalents through continuously monitoring forecast and actual cash flows and matching th
237、e maturity profiles of financial assets and liabilities.EMPlOYEE AND REMUNERATION POlICYThe Group had a total of 28,540 dedicated full-time employees as at31 December 2017,including 6,359 management and administrative staff,21,543 production workers and 638 operation supporting staff.In line with th
238、e performance of the Group and individual employees,a competitive remuneration package is offered to retain elite employees,including salaries,medical insurance,discretionary bonuses,other fringe benefits as well as mandatory provident fund scheme for employees in Hong Kong and state-managed retirem
239、ent benefit scheme for employees in the PRC.舜宇光學科技(集團)有限公司2017 年報33Management Discussion and Analysis管理層討論與分析本集團亦採納購股權計劃及受限制股份獎勵計劃,旨在為對本集團有貢獻的合資格參與者提供鼓勵和獎勵,增強員工的主人翁精神。截至二零一七年十二月三十一日止年度,本公司並無根據購股權計劃向任何人士授出或同意授出購股權。此外,於截至二零一七年十二月三十一日止年度內,1,443,211股股份根據受限制股份獎勵計劃獲授予合資格參與者。股息董事建議就截至二零一七年十二月三十一日止年度自本公司可分派
240、儲備向二零一八年六月四日營業時間結束時名列本公司股東登記名冊之股東支付末期股息每股約人民幣0.661元(相等於0.812港元)。有關末期股息將於二零一八年六月二十五日支付,惟須於二零一八年五月二十九日舉行之應屆股東週年大會(股東週年大會)取得本公司股東批准。暫停辦理證券登記手續為符合出席二零一八年五月二十九日舉行的股東週年大會資格,本公司將由二零一八年五月二十四日至二零一八年五月二十九日(包括首尾兩天)暫停辦理股份過戶登記手續。所有股份過戶文件連同有關股票,必須於二零一八年五月二十三日下午四時三十分前,送呈本公司於香港之證券登記分處香港中央證券登記有限公司,地址為香港灣仔皇后大道東183號合和
241、中心17樓1712至1716號舖。為符合資格收取股息,本公司將由二零一八年六月五日至二零一八年六月十一日(包括首尾兩天)暫停辦理股份過戶登記手續。所有股份過戶文件連同有關股票,必須於二零一八年六月四日下午四時三十分前,送呈本公司於香港之證券登記分處香港中央證券登記有限公司,地址為香港灣仔皇后大道東183號合和中心17樓1712至1716號舖。The Group has also adopted a share option scheme and the Restricted Share Award Scheme,for the purposes of providing incentives
242、and rewards to eligible participants to recognise their contribution to the Group and enhancing their ownership spirits.For the year ended 31 December 2017,no share option was granted or agreed to be granted by the Company under the share option scheme.In addition,during the year ended 31 December 2
243、017,an aggregate of 1,443,211 shares were granted to eligible participants in accordance with the terms of the Restricted Share Award Scheme.DIvIDENDSThe Directors proposed a payment from the distributable reserves of the Company of a final dividend of approximately RMB0.661(equivalent to HK$0.812)p
244、er share in respect of the year ended 31 December 2017 to the shareholders whose names appear on the register of members of the Company at the close of business on 4 June 2018.The final dividends,payable on 25 June 2018,are subject to the approval of the shareholders of the Company at the forthcomin
245、g annual general meeting(the“AGM”)to be held on 29 May 2018.ClOSURE OF REGISTER OF MEMBERSIn order to determine the eligibility of shareholders to attend the AGM,which is to be held on 29 May 2018,the register of members of the Company will be closed from 24 May 2018 to 29 May 2018,both days inclusi
246、ve,during which no transfer of shares will be registered.All transfer of shares accompanied by the relevant share certificates must be lodged with the Companys branch share registrar in Hong Kong,Computershare Hong Kong Investor Services Limited at Shops 1712-1716,17th Floor,Hopewell Centre,183 Quee
247、ns Road East,Wan Chai,Hong Kong for registration no later than 4:30 p.m.on 23 May 2018.In order to determine the eligibility of shareholders to the dividends,the register of members of the Company will be closed from 5 June2018 to 11 June 2018,both days inclusive,during which no transfer of shares w
248、ill be registered.All transfer of shares accompanied by the relevant share certificates must be lodged with the Companys branch share registrar in Hong Kong,Computershare Hong Kong Investor Services Limited at Shops 1712-1716,17th Floor,Hopewell Centre,183 Queens Road East,Wan Chai,Hong Kong for reg
249、istration no later than 4:30 p.m.on 4 June 2018.34Sunny Optical Technology(Group)Company LimitedANNUAL REPORT 2017Management Discussion and Analysis管理層討論與分析展望及未來策略於回顧年內,本集團堅持不懈,奮發向上,秉承繼續將本集團做強做大的使命,同時注重創新,使得本集團主要業務持續穩健發展。展望二零一八年,宏觀經濟環境將面臨諸多風險以及挑戰,且不確定性因素並存,但本集團仍對未來的經營持基本樂觀的態度。董事認為,二零一八年是挑戰與機遇並存的一年。本
250、集團管理層將密切關注市場及行業發展動態,加速業務的轉型和升級,持續貫徹發展戰略,並帶領本集團在二零一八年取得良好的業績表現。1、繼續做精做透現有優勢業務,進一步營造核心競爭力,提升市場佔有率本集團於二零一八年將繼續:加大關鍵技術的研發與投入,以在產品的性能上保持領先性,營造技術競爭力;切實推進製造工藝的開發與優化,加快提高產線自動化進程,以確保生產效率與產品品質,營造製造競爭力;持續推進精益製造管理,優化管理職能和流程,以提高產線柔性化和產品交付能力,營造管理競爭力;持續加強供應鏈建設,顯著提升採購效率,以有效降低採購成本,營造供應鏈競爭力。通過以上幾個方面競爭力的營造,本集團將進一步形成整體
251、競爭優勢,提升市場地位。OUTlOOK AND FUTURE STRATEGIESDuring the year under review,adhering to the mission of ensuring sustainable growth of the Group,the Group strived to make progress with perseverance while focusing on innovation,which brought sustainable and sound development of the Groups major businesses.L
252、ooking into 2018,the macro-economic environment will face a lot of risks and challenges with uncertainties,but the Group is optimistic about its future operations.In the view of the Directors,2018 is a year with both challenges and opportunities.The Groups management will closely monitor the develop
253、ment in the markets and the industries,accelerate its business transformation and upgrade,continue to implement its development strategies and lead the Group to obtain a good result in 2018.1.Continue to improve the existing advantageous businesses thoroughly,further create core competitiveness and
254、gain market shareIn 2018,the Group will continue to:intensify R&D and investment in key technologies,in order to maintain its leadership in product performance and create technological competitiveness;promote development and optimisation of manufacturing process practically and speed up and improve
255、the process of production line automation in order to ensure production efficiency and product quality and build manufacturing competitiveness;keep propelling lean manufacturing management and improving management functions and process so as to improve production line flexibility and product deliver
256、y ability and foster management competitiveness;enhance supply chain construction constantly and improve purchase efficiency significantly so as to reduce purchase cost effectively and create competitiveness in supply chain.By creating competitiveness in the aforesaid aspects,the Group will further
257、form an overall competitive edge and improve its market position.舜宇光學科技(集團)有限公司2017 年報35Management Discussion and Analysis管理層討論與分析2、繼續深化 兩個轉變,加快新業務的孵化和成長本集團將快速推進AR/VR、3D結構光等現有市場新產品的研發和業務成長,憑借先期佈局的技術優勢和行業基礎,率先推出成熟產品,搶佔市場份額,實現行業領先。另外,本集團將進一步整合優勢資源,聚焦重點細分市場,基於對市場需求的深入分析與理解,著力開發具有通用性與延伸性的行業需求產品。同時,本集團需積
258、極探索現有新業務的營銷模式,構建更適合新市場新業務開拓的組織架構與人員配置,實現在重點細分市場的重大突破。3、持續創新,關注新技術,探索新領域,為本集團培育新的業務增長點於二零一八年,本集團研究院將繼續扮演好技術領航者的角色,積極探索新技術新領域,讓更多的新技術落地,引領本集團的研發能力邁上新的台階,為公司把握新趨勢,開闢新市場。為實現這一目標,本集團研究院將切實加強與各業務單位市場及研發部門的交流與合作,同時不斷深入和外部企業及機構的溝通與合作,優勢互補,促進研發成果快速轉化為可靠產品推向市場,為公司培育新的業務增長點。2.Continue to deepen“Two Transformat
259、ions”and accelerate the incubation and growth of new businessesThe Group will speed up the R&D and promotion of existing new products in the markets such as AR/VR and 3D structured-light,and leveraging its technological advantages and industry foundation in early stage,take the lead in launching mat
260、ure products to gain market share and lead the industry.In addition,the Group will further integrate its advantageous resources and focus on key market segments.Based on its in-depth analysis and understanding of market demand,the Group will strive to develop generic and extensible products that are
261、 in demand in the industry.In the meantime,the Group needs to actively develop new marketing modes for existing new businesses,make its organisational structure and staffing more suitable for new business development in the new markets,and achieve major breakthroughs in key market segments.3.Continu
262、e to innovate by focusing on new technologies,exploring new fields and cultivating new growth points of businesses for the GroupIn 2018,the research institute of the Group will actively explore new technologies and new fields as a technology leader to implement more new technologies and bring the R&
263、D capability of the Group to a new level,so as to grasp new trends and open new markets for the Company.To this end,the research institute of the Group will conscientiously strengthen communication and cooperation with marketing and R&D departments of various business units.At the same time,it will
264、keep deepening the communication and cooperation with external enterprises and institutions to achieve advantageous complementation and promote the transformation of R&D achievements into reliable products and launch them in the markets,so as to cultivate new growth points of businesses for the Comp
265、any.36Sunny Optical Technology(Group)Company LimitedANNUAL REPORT 2017Management Discussion and Analysis管理層討論與分析4.Continue to improve talent introduction and cultivation mechanism,actively promote enterprise culture construction and provide an important guarantee for sustainable development in the f
266、utureThe Group will continue to strengthen the introduction of high-level talents and enhance employment and reserve of fresh graduates to build a talent cultivation system which features a more smoother growth,more scientific mechanism and sounder management through further improving the talent cul
267、tivation mechanism to consolidate the talent base of the Group continuously.Moreover,all the staff will take the opportunity of in-depth study of“Practice and Exploration”to continue promoting the unified understanding of“Prevention of Slackness and Keeping Motivated”.By exchanging,understanding,imp
268、lementing and executing the Companys culture at a deeper level,deficiencies which are often associated with large enterprises such as organisational rigidity and departmental estrangement bred in enterprise development will be effectively prevented and this can ensure the health and vitality of the
269、Group as an organism.In coming years,the Group will continue to benefit from the broad development prospects of the optical and optoelectronic industry,and by actively utilising the Groups leading position in the industry as an optical expert,maintaining innovation and adhering to enhancing its comp
270、rehensive competitive strength constantly with its customer-oriented strategy led by technologies,the Group will continue to provide the global top-tier hi-tech companies with more high-quality products and services,thereby promoting corporate growth and value enhancement to create more returns for
271、the shareholders continuously.4、持續完善人才引進與培養機制,積極推進企業文化建設,為未來的可持續發展提供重要保障本集團將繼續加強高層次人才引進,同時要加大應屆大學生的招聘與儲備,通過進一步完善人才培養機制,構建一個成長更通順、機制更科學、管理更健全的人才培養體系,不斷夯實本集團的人才基礎。並且,全體員工將以深入學習 實踐與探索 為契機,持續推進 防止懈怠、保持鬥志 的統一認識,通過對本公司文化的深層次交流、理解、貫徹與執行,有效防止企業成長中滋生的組織僵化、部門隔閡等大企業病,確保本集團肌體的健康與活力。在未來幾年,本集團將持續受益於光學光電產業廣闊的發展前景,
272、積極發揮本集團作為光學專家的行業領先地位,不斷創新,堅持以客戶為中心,以技術為導向,不斷提高自身的綜合競爭實力,為全球頂尖的高新技術企業提供更多優質產品與服務,推動企業的成長與價值的提升,持續為股東創造更高的回報。舜宇光學科技(集團)有限公司2017 年報37Directors and Senior Management董事及高級管理層董事會於二零一七年內,董事會由七名董事組成,其中包括三名執行董事、一名非執行董事及三名獨立非執行董事。董事資料載於下文。董事執行董事葉遼寧先生,52歲,本集團創辦人之一、現任本公司執行董事、董事會主席兼策略及發展委員會主席,負責本集團政策制訂及決策。葉先生於一九
273、八四年加入餘姚縣城北光學儀器廠,自一九九五年起在該公司擔任副總經理。葉先生於二零零八年獲浙江省人事廳頒發高級經濟師資格。高級經濟師為中國的認可職稱,一般授予通過必需考核及具備豐富管理經驗的人士。於一九九九年,葉先生取得浙江廣播電視大學頒發的文憑。葉先生自二零零七年五月起擔任執行董事,現時為本集團不同成員公司的董事。孫泱先生,45歲,現任本公司執行董事及行政總裁,負責本集團全面營運及管理。孫先生於一九九五年畢業於寧波大學,取得經濟學學士學位。於二零零五年獲取上海財經大學頒授經濟學碩士學位。孫先生於二零零二年加入浙江舜宇(集團)股份有限公司(原稱為餘姚縣城北光學儀器廠),擔任投資管理中心總監。孫先
274、生於二零零八年獲浙江省人事廳頒發高級經濟師資格。高級經濟師為中國的認可職稱,一般授予通過必需考核及具備豐富管理經驗的人士。孫先生自二零零九年五月起擔任執行董事,現時為本集團不同成員公司的董事。BOARD OF DIRECTORSDuring the year of 2017,the Board consisted of 7 Directors comprising 3 executive Directors,1 non-executive Director and 3 independent non-executive Directors.The information on the Dire
275、ctors is set forth below.DIRECTORSExecutive DirectorsMr.Ye Liaoning(葉遼寧),aged 52,is one of the founders of the Group,and currently is an executive Director,the chairman of the Board and the chairman of the Strategy and Development Committee of the Company.He is responsible for formulating the Groups
276、 policies and making decisions.Mr.Ye joined Yuyao County Chengbei Optical Instruments Factory in 1984 and became its deputy general manager since 1995.Mr.Ye has obtained a qualification of senior economist issued by the Personnel Bureau of Zhejiang in 2008.Senior economist is a recognised qualificat
277、ion in the PRC and is normally granted to a person who has passed necessary examinations and has acquired substantial management experience.Mr.Ye obtained a diploma from Zhejiang Radio&TV University in 1999.Mr.Ye has been an executive Director since May 2007 and is currently a director of various me
278、mbers of the Group.Mr.Sun Yang(孫泱),aged 45,currently is an executive Director and the Chief Executive Officer of the Company.He is responsible for the overall operation and management of the Group.Mr.Sun graduated from Ningbo University in 1995 with a bachelors degree in economics.He then obtained a
279、 masters degree in economics from Shanghai University of Finance and Economics in 2005.He joined Zhejiang Sunny(Group)Joint Stock Company Limited,originally known as Yuyao County Chengbei Optical Instruments Factory,as a chief officer of its investment management centre in 2002.In 2008,Mr.Sun was gr
280、anted a qualification of senior economist by the Personnel Bureau of Zhejiang.Senior economist is a recognised qualification in the PRC and is normally granted to a person who has passed necessary examinations and has acquired substantial management experience.Mr.Sun has been an executive Director s
281、ince May 2009 and is currently a director of various members of the Group.38Sunny Optical Technology(Group)Company LimitedANNUAL REPORT 2017Directors and Senior Management董事及高級管理層Mr.Wang Wenjie(王文杰),aged 50,currently is an executive Director and standing vice president of the Company.He is responsib
282、le for the strategic planning,information management and Research Institute of the Group.Mr.Wang graduated from Zhejiang University with a bachelors degree in engineering in 1989 and joined the Group after his graduation.Mr.Wang obtained a qualification as a senior economist in 2008 from the Personn
283、el Bureau of Zhejiang.Senior economist is a recognised qualification in the PRC and is normally granted to a person who has passed necessary examinations and has acquired substantial management experience.In 2012,he was awarded the titles of“Outstanding Entrepreneur of Ningbo City”,“2012 Top 10 Yong
284、 Shang of Ningbo City”and“2012 National Outstanding Young Entrepreneur of Electronic Engineering Industry”.He has been an executive Director since December 2013.He was elected as the vice chairman of the Chinese Optical Society in 2017,responsible for advancing the development of optical industry in
285、 China.Non-executive DirectorMr.Wang Wenjian(王文鑒),aged 70,former Chairman of the Board,executive Director and Chief Executive Officer,is one of the founders of the Group,and currently is a non-executive Director and the Honorary Chairman of the Board.Mr.Wang joined the Yuyao County Chengbei Optical
286、Instruments Factory in 1984 as factory manager and became its general manager since 1994 when it was transformed to a joint stock limited liability company.Mr.Wang obtained the title of“Outstanding Entrepreneur”from Ningbo Entrepreneurs Association and Ningbo Enterprise Unite League in 2006 and was
287、granted the“Ningbo Excellent Entrepreneur Award”(寧波市卓越企業家獎)by the Personnel Office under Ningbo Municipal Party Committee in 2015.Mr.Wang acted as the Honorary President of Yuyao Charity Federation in 2003 and as a guest professor of the College of Information Science and Engineering,Zhejiang Univer
288、sity in 2005.He obtained a qualification as a senior economist in 1996 from Ningbo Municipal Government.Senior economist is a recognised qualification in the PRC and is normally granted to a person who has passed necessary examinations and has acquired substantial management experience.Mr.Wang was r
289、edesignated as a non-executive Director in March 2012.王文杰先生,50歲,現任本公司執行董事及常務副總裁,負責本集團戰略規劃、信息管理及集團研究院。王先生在一九八九年畢業於浙江大學,取得工學學士學位,並於畢業後加入本集團。王先生於二零零八年從浙江省人事廳取得高級經濟師資格。高級經濟師為中國的認可職稱,一般授予通過必需考核及具備豐富管理經驗的人士。其於二零一二年獲頒 寧波市優秀企業家的頭銜,並榮獲 寧波市2012年十大風雲甬商及2012年全國電子信息行業優秀青年企業家的頭銜。其自二零一三年十二月起擔任執行董事。其於二零一七年被選舉為中國光學學
290、會副理事長,負責推動中國光學行業發展。非執行董事王文鑒先生,70歲,前任董事會主席、執行董事兼行政總裁,為本集團的創辦人之一,現任非執行董事兼董事會名譽主席。王先生於一九八四年加入餘姚縣城北光學儀器廠,任職工廠廠長,自一九九四年該公司轉制為股份有限公司後一直擔任總經理。王先生於二零零六年獲寧波市企業家協會與寧波市企業聯合會頒發 優秀創業企業家稱號,並於二零一五年獲寧波市委人才辦頒發的寧波市卓越企業家獎。王先生於二零零三年擔任餘姚市慈善總會榮譽會長,並於二零零五年擔任浙江大學信息科學與工程學院客席教授。其於一九九六年獲寧波市人民政府頒發高級經濟師資格。高級經濟師為中國的認可職稱,一般授予通過必需
291、考核及具備豐富管理經驗的人士。王先生於二零一二年三月調任為非執行董事。舜宇光學科技(集團)有限公司2017 年報39Directors and Senior Management董事及高級管理層Independent Non-executive DirectorsMr.Zhang Yuqing(張余慶),aged 70,is an independent non-executive Director and the chairman of Audit Committee.Mr.Zhang worked in Shanghai Port Bureau as heads of the financ
292、ial division as well as the auditing division.He was appointed as a director of Shanghai Worldbest Industry Development Co.,Ltd.from 2001 to 2003 and acted as its chief financial officer.Mr.Zhang graduated from Shanghai Maritime University in 1982 with a bachelors degree in economics and is a senior
293、 accountant and a non-practicing member of the Chinese Institute of Certified Public Accountants.He currently serves as an independent director of Hongxiang New Geo-Material Co.,Ltd.in Shandong.He has been an independent non-executive Director of the Company since May 2007.Mr.Feng Hua Jun(馮華君),aged
294、54,is an independent non-executive Director and the chairman of Nomination Committee.Mr.Feng has been teaching in the Zhejiang University since August 1986 and been promoted to his current positions of professor and doctoral supervisor in July 1998,mainly responsible for works involving teaching and
295、 scientific research.He has been the director for the Institute of Optical Imaging Engineering of Zhejiang University(浙江大學光學成像工程研究所)since June 2015,prior to which he was the director for the Institute of Optical Engineering and the head of Department of Optoelectronic Information Engineering of Zhej
296、iang University.Mr.Feng obtained a bachelors degree in July 1983 from Zhejiang University in optical instrument engineering,and also obtained a masters degree in July 1986 in optical instrument engineering from the same university.Mr.Feng has currently been an independent non-executive Director of P
297、henix Optical Company Limited,the issued shares of which are listed on the Shanghai Stock Exchange(stock code:600071),since August 2015 and an independent non-executive Director of Hangzhou Everfine Photo-E-Info Co.,Ltd.(stock code:300306)since May 2016.He has been an independent Non-executive Direc
298、tor of the Company since April 2016.獨立非執行董事張余慶先生,70歲,獨立非執行董事兼審核委員會主席。張先生曾於上海港務局出任財務處及審計處處長。其於二零零一年至二零零三年間獲委任為上海華源企業發展股份有限公司董事,並出任財務總監。張先生於一九八二年畢業於上海海運學院,取得經濟學學士學位,為高級會計師,並為中國註冊會計師協會非職業委員。其現時為山東宏祥新材料股份有限公司獨立董事。其自二零零七年五月起擔任本公司之獨立非執行董事。馮華君先生,54歲,獨立非執行董事兼提名委員會主席。馮先生自一九八六年八月開始於浙江大學任教,自一九九八年七月起晉升至教授及博士生導師
299、,主要負責教學及科研工作。其於二零一五年六月至今擔任浙江大學光學成像工程研究所所長,在此之前曾擔任浙江大學光學工程研究所所長及光電信息工程系系主任。馮先生於一九八三年七月在浙江大學獲得光學儀器工程系學士學位,並於一九八六年七月獲得光學儀器工程系碩士學位。馮先生自二零一五年八月起出任鳳凰光學股份有限公司(其已發行股份在上海證券交易所上市(股票代碼:600071)的獨立非執行董事,並自二零一六年五月起出任杭州遠方光電信息股份有限公司(股票代碼:300306)的獨立非執行董事。其自二零一六年四月起擔任本公司之獨立非執行董事。40Sunny Optical Technology(Group)Compa
300、ny LimitedANNUAL REPORT 2017Directors and Senior Management董事及高級管理層Mr.Shao Yang Dong(邵仰東),aged 48,is an independent non-executive Director and the chairman of Remuneration Committee.Mr.Shao currently is the general partner of Yuantai Investment Partners Evergreen Fund,L.P.Mr.Shao was a director of e
301、ach of Sunny Optics and Sunny Instruments from May 2005 to September 2010,Sunny Zhongshan from October 2005 to September 2010,Sunny Opotech from November 2005 to September 2010 and Sunny Infrared from March 2006 to September 2010.Mr.Shao was a general partner of Chengwei Ventures Evergreen Fund,L.P.
302、and previously worked as a financial analyst at the investment banking division of Salomon Brothers Inc.Mr.Shao obtained a bachelors degree in economics(Magna Cum Laude)in May 1993 from Columbia University.He also attended the Graduate School of Business at Stanford University and earned a masters d
303、egree in business administration in June 2000.He has been an independent non-executive Director of the Company since April 2016.SENIOR MANAGEMENTMr.Dong Kewu(董克武),aged 49,is the Vice President of the Company.He is responsible for human resource management of the Group.Mr.Dong graduated from Fudan Un
304、iversity in 2004 with a masters degree in business administration and from Xidian University in 1990 with a bachelors degree in computer and application.Before joining the Company in February 2012,Mr.Dong worked as a partner and consulting director in a renowned consulting firm.Mr.Dong also obtained
305、 qualifications of economist and engineer issued by the Ministry of Personnel of the PRC and the Planning Committee of Shandong Province.Mr.Ma Jianfeng(馬建峰),aged 45,is the Vice President and Joint Company Secretary of the Company.Mr.Ma graduated from Xiamen University in July 1995 with a bachelors d
306、egree in economics.Mr.Ma is a certified public accountant of the Chinese Institute of Certified Public Accountants and is a qualified senior accountant in the PRC.Prior to joining the Group in December 2010,Mr.Ma served as a chief financial officer for Ningbo Bird Co.,Ltd.邵仰東先生,48歲,獨立非執行董事兼薪酬委員 會 主
307、席。邵 先 生 現 時 為Yuantai Investment Partners Evergreen Fund,L.P.的普通合夥人。邵先生自二零零五年五月至二零一零年九月出任舜宇浙江光學及舜宇儀器的董事,自二零零五年十月至二零一零年九月出任舜宇中山光學的董事,自二零零五年十一月至二零一零年九月出任舜宇光電的董事及自二零零六年三月至二零一零年九月出任舜宇紅外光學的董事。邵先生曾為Chengwei Ventures Evergreen Fund,L.P.的普通合夥人,及先前於所羅門兄弟公司投資銀行部擔任金融分析師。邵先生於一九九三年五月於哥倫比亞大學以優異學業成績獲得經濟學學士學位。彼亦參加斯坦
308、福大學商學院(Graduate School of Business at Stanford University)學習,並於二零零零年六月獲得工商管理碩士學位。其自二零一六年四月起擔任本公司之獨立非執行董事。高級管理層董克武先生,49歲,為公司副總裁,負責本集團人力資源管理。董先生於二零零四年畢業於上海復旦大學,獲得工商管理碩士學位,及於一九九零年畢業於西安電子科技大學,獲得計算器及應用學士學位。於二零一二年二月加入本公司前,董先生在某知名諮詢公司擔任合夥人、諮詢總監一職。董先生同時亦獲得中國人事部及山東省計劃委員會頒授的經濟師、工程師資格。馬建峰先生,45歲,為公司副總裁兼聯席公司秘書。馬
309、先生於一九九五年七月畢業於廈門大學,取得經濟學學士學位。馬先生為中國註冊會計師協會的註冊會計師,並為中國的合資格高級會計師。在二零一零年十二月加入本集團前,馬先生於寧波波導股份有限公司任職財務總監。舜宇光學科技(集團)有限公司2017 年報41Directors and Senior Management董事及高級管理層Mr.Zhang Guoxian(張國賢),aged 52,is the assistant of the President of the Company.Mr.Zhang graduated from Yuyao Huancheng School in 1983 and j
310、oined the Group since his graduation.Mr.Zhang attended the seminar of EMBA in Zhejiang University from July 2004 to July 2005 and obtained the relevant completion certificate.Prior to being appointed as the assistant of the President,Mr.Zhang held positions including deputy general manager,standing
311、deputy general manager and general manager of Sunny Optics.Ms.Wong Pui Ling(黃佩玲),aged 36,is the Joint Company Secretary,investor relations director,authorised representative and agent of the Company.Ms.Wong is primarily responsible for company secretarial matters and investor relations matters.Ms.Wo
312、ng joined the Group in July 2007.Ms.Wong has more than 10 years of experience in financial reporting,accounting,auditing and investor relations.Ms.Wong is a qualified accountant and is a member of the Association of Chartered Certified Accountants and the Hong Kong Institute of Certified Public Acco
313、untants.Ms.Wong holds a bachelors degree in business administration from the Chinese University of Hong Kong and a postgraduate diploma in finance and law from the University of Hong Kong.Mr.Wu Jun(吳俊),aged 52,is a general manager of Sunny Optics and the general manager of Sunny Shanghai Optics.He i
314、s responsible for the daily administration of Sunny Optics and Sunny Shanghai Optics.Mr.Wu graduated with a bachelors degree in optical instruments from Shanghai Institute of Mechanism in 1986.He later obtained a qualification as a senior engineer in 1999 from the Personnel Bureau of Zhejiang.Prior
315、to joining the Group in March 1997,Mr.Wu worked in Jiangxi Optics Instrument General Factory for 10 years as research officer and chief of quality control.Mr.Zhang Zhiping(張志平),aged 49,is a general manager of Sunny Zhongshan.He is responsible for the daily administration of Sunny Zhongshan.Mr.Zhang
316、graduated from Hunan Radio and Television University in 1992.Prior to joining the Group in April 2006,Mr.Zhang acted as the deputy factory manager in Sintai Optical(Shenzhen)Co.,Ltd.張國賢先生,52歲,為公司總裁助理。張先生於一九八三年畢業於餘姚環城中學,並於畢業後加入本集團。張先生於二零零四年七月至二零零五年七月間參加了浙江大學EMBA研修班學習,並獲得相關結業證書。張先生獲任總裁助理前,曾任舜宇浙江光學副總經理
317、、常務副總經理及總經理等職務。黃佩玲女士,36歲,為本公司聯席公司秘書、投資人關係總監、授權代表及本公司代理人,主要負責公司秘書事務兼投資人關係事務。黃女士在二零零七年七月加入本集團。黃女士於財務匯報、會計、核數及投資人關係方面擁有超過十年經驗。黃女士為一名合資格會計師,為特許公認會計師公會會員及香港會計師公會會員。黃女士持有香港中文大學的工商管理學士學位,並在香港大學取得財務及法律深造文憑。吳俊先生,52歲,為舜宇浙江光學總經理兼任舜宇上海光學總經理,負責舜宇浙江光學和舜宇上海光學的日常經營管理事務。吳先生在一九八六年畢業於上海機械學院,取得光學儀器學士學位。其後吳先生在一九九九年於浙江省人
318、事廳取得高級工程師資格。在一九九七年三月加入本集團以前,吳先生於江西光學儀器總廠擔任研究員及品質監控主管達十年。張志平先生,49歲,為舜宇中山光學總經理,負責舜宇中山光學的日常經營管理事務。張先生於一九九二年畢業於湖南廣播電視大學。在二零零六年四月加入本集團以前,張先生於信泰光學(深圳)有限公司任副廠長。42Sunny Optical Technology(Group)Company LimitedANNUAL REPORT 2017Directors and Senior Management董事及高級管理層Mr.Chen Huiguang(陳惠廣),aged 54,is a general
319、 manager of Sunny Infrared.He is responsible for the daily administration of Sunny Infrared.Mr.Chen obtained a bachelors degree in optical instruments from Zhejiang University in 1983.He also obtained a masters degree in engineering from Zhejiang University in 1992.Prior to joining the Group in Janu
320、ary 1999,Mr.Chen worked in Xintian Precision and Optical Instrument Company Limited.He has been a member of the optical coatings committee of the Chinese Optical Society since 1992 and has been a member of the optical material committee of the Chinese Optical Society since 2009.In 2015,he was grante
321、d the title of“Elite offing City Award for Expert with Outstanding Contribution to Ningbo City”by Ningbo Municipal Party Committee,and was appointed as a standing director of Chinese Society for Optical Engineering.Mr.Chen was awarded the qualification for senior engineer of professor level in Zheji
322、ang Province in 2016.At the same time,Mr.Chen was entitled to the government special allowance specially paid by the central government in 2016.Mr.Chen was awarded the title of 2013-2017 Yuyao Top 10 Technological Researchers in December 2017.Mr.Guo Jingchao(郭景朝),aged 55,is a general manager of Sunn
323、y Xinyang Optics.He is responsible for the daily administration of Sunny Xinyang Optics.Mr.Guo obtained a bachelors degree from Changchun University of Science and Technology in 1986,and a masters degree in engineering management from Nanjing University of Science and Technology in 2002.Prior to joi
324、ning the Group in February 2001,Mr.Guo worked in Henan Costar Group.He served as a deputy general manager in both Henan Costar Group and Lida Optical and Electronic Co.,Ltd.In 1997,Mr.Guo was accredited as a senior engineer by China North Industries Group Corporation.Mr.Qiu Wenwei(裘文偉),aged 41,is a
325、general manager of Sunny Automotive.He is responsible for the daily administration of Sunny Automotive.Mr.Qiu joined the Group in November 1997.He engaged in activities relating to R&D from 1997 to 2007 and served as the head of R&D department in 2006.Mr.Qiu served as the head of vehicle lens sets b
326、usiness segment in 2008,responsible for preparing for setting up vehicle lens sets business segment of Sunny Automotive and as the general manager of vehicle lens sets business segment of Sunny Automotive in 2012.Mr.Qiu obtained a masters degree in optical engineering from Changchun University of Sc
327、ience and Technology in July 2014.陳惠廣先生,54歲,為舜宇紅外光學總經理,負責舜宇紅外光學日常經營管理事務。陳先生在一九八三年於浙江大學取得光學儀器專業學士學位,並在一九九二年在浙江大學取得工學碩士學位。在一九九九年一月加入本集團以前,陳先生在新天精密光學儀器有限公司工作。其自一九九二年起擔任中國光學學會光學薄膜專委會委員,自二零零九年起擔任中國光學學會光學材料專委會委員。其於二零一五年獲中共寧波市委頒發的 甬城精英寧波市有突出貢獻專家獎,並獲任為中國光學工程學會常務理事。陳先生於二零一六年獲浙江省教授級高級工程師資格。同時,陳先生於二零一六年享受由中央財政
328、專項列支的政府特殊津貼。陳先生於二零一七年十二月獲2013-2017年度餘姚市十佳優秀科技工作者。郭景朝先生,55歲,為舜宇信陽光學總經理,負責舜宇信陽光學日常經營管理事務等工作。郭先生於一九八六年於長春光學精密機械學院取得學士學位,又於二零零二年於南京理工大學取得工程管理碩士學位。於二零零一年二月加入本集團前,郭先生於河南中光學集團有限公司工作,曾獲任為河南中光學集團有限公司副總經理兼南陽利達光電股份有限公司副總經理。郭先生於一九九七年獲中國北方工業集團總公司頒授的高級工程師資格。裘文偉先生,41歲,為舜宇車載光學總經理,負責舜宇車載光學的日常經營管理事務。裘先生於一九九七年十一月加入本集團
329、,且從一九九七年至二零零七年間一直從事研發相關工作,並於二零零六年任研發部部長。裘先生於二零零八年任車載鏡頭事業部部長,負責籌建創立舜宇車載鏡頭事業,於二零一二年任舜宇車載鏡頭事業總經理。裘先生於二零一四年七月取得長春理工大學光學工程碩士學位。舜宇光學科技(集團)有限公司2017 年報43Directors and Senior Management董事及高級管理層Mr.Wang Zhongwei(王忠偉),aged 40,is a general manager of Sunny Opotech and Sunny Optical Intelligence.He is responsible
330、 for the daily administration of Sunny Optech and Sunny Optical Intelligence.Mr.Wang obtained a masters degree in optical engineering from Changchun University of Science and Technology in 2010.He joined the Group in September 2001 and served as general the head in 2014.He held positions including m
331、anager of marketing department and deputy general manager of Sunny Opotech.Mr.Wang was awarded the titles of“National Electronic Information Industry Influential People”by China Electronics Enterprises Association and“2016 Top 10 Yong Shang of Ningbo City”in 2016.Mr.Wang served as the vice-president
332、 of the Institute of Yongshang Development(甬商發展研究會)since April 2017 and as vice-president of Ningbo Science&Technology Innovation Association since May 2017.Mr.Lou Guojun(樓國軍),aged 53,is a general manager of Sunny Instruments.He is responsible for the daily administration of Sunny Instruments.Mr.Lou
333、 obtained a diploma in business enterprise operation management from Zhejiang Radio&TV University in 1999.Mr.Lou obtained a qualification of senior economist issued by the Personnel Bureau of Zhejiang in 2008.Senior economist is a recognised qualification in the PRC and is normally granted to a person who has passed necessary examinations and has acquired substantial management experience.Mr.Lou j