1、2020Annual Report年報Sunny Optical Technology(Group) Company Limited舜宇光學科技 ( 集團 ) 有限公司CORPORATE PROFILE公司簡介Sunny Optical Technology (Group) Company Limited (the “Company” or “Sunny Optical Technology”, together with its subsidiaries, the “Group”) (Stock Code: 2382.HK) is a global leading integrated op

2、tical components and products manufacturer with more than thirty-five years of history. The Group is principally engaged in the design, research and development (the “R&D”), manufacture and sales of optical and optical-related products. Such products include optical components (such as glass spheric

3、al and aspherical lenses, plane products, handset lens sets, vehicle lens sets, security surveillance lens sets and other various lens sets) (the “Optical Components”), optoelectronic products (such as handset camera modules, three dimensional (the “3D”) optoelectronic products, vehicle modules and

4、other optoelectronic modules) (the “Optoelectronic Products”) and optical instruments (such as microscopes and intelligent equipment for testing) (the “Optical Instruments”). The Group focuses on the application fields of optoelectronic-related products, such as handsets, digital cameras, vehicle im

5、aging and sensing systems, security surveillance systems and virtual reality (“VR”)/augmented reality (“AR”), which are combined with optical, electronic, software and mechanical technologies.舜宇光學科技 （集團） 有限公司 （ 本公司 或舜宇光學科技 ，連同其附屬公司 本集團 ）（股份代號：2382.HK） 為一間全球領先並擁有逾三十五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 （

6、 研發 ） 、生產及銷售光學及光學相關產品。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、安防監控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、車載模組及其他光電模組）（ 光電產品 ）及光學儀器 （例如顯微鏡及智能檢測設備）（ 光學儀器 ） 。本集團專注於結合光學、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、車載成像及傳感系統、安防監控系統及虛擬現實 （ VR ） 增強現實（ AR ） 。CONTENTS目錄Corporate Profile公司簡介2Financial Summary財

7、務概要6Chairmans Statement主席報告12 Management Discussion and Analysis管理層討論與分析46Directors and Senior Management董事及高級管理層55Corporate Governance Report企業管治報告96Directors Report董事會報告117Independent Auditors Report獨立核數師報告123Consolidated Statement of Profit or Loss and Other Comprehensive Income綜合損益及其他全面收益表124Con

8、solidated Statement of Financial Position綜合財務狀況表126Consolidated Statement of Changes in Equity綜合權益變動表128Consolidated Statement of Cash Flows綜合現金流量表131Notes to the Consolidated Financial Statements綜合財務報表附註287Corporate Information公司資料已outputSunny Optical Technology (Group) Company Limited ANNUAL REPOR

9、T 202002Financial Summary財務概要MAIN FINANCIAL INDEXES IN 2020二零二零年主要財務指標Revenue收入38,001.8RMB million 人民幣百萬元Gross Profit Margin毛利率22.9%Net Assets資產淨值16,826.1RMB million 人民幣百萬元Net Profit 淨利4,940.3RMB million 人民幣百萬元Net Profit Margin淨利率13.0%Earnings per Share Basic每股盈利基本4.46RMB 人民幣元+0.4%YoY+2.4pptYoY+32.2

10、%YoY+22.9%YoY+2.4pptYoY+22.2%YoY舜宇光學科技 （集團） 有限公司 2020 年報 03(in Renminbi (“RMB”) million, except for per share amounts)（人民幣百萬元，每股金額除外）Financial Summary財務概要For the year ended 31 December截至十二月三十一日止年度202020016二零二零年二零一九年二零一八年二零一七年二零一六年Consolidated綜合 Operating results 經營業績Revenue 收入38,001.837,8

11、48.725,931.922,366.314,611.8Gross profit 毛利8,697.97,750.74,913.14,802.82,680.1Finance costs 融資成本(233.7)(250.4)(202.1)(48.8)(16.2)Profit before tax 除稅前溢利5,642.94,550.42,851.33,318.31,446.4Income tax expense 所得稅開支(702.6)(531.0)(338.6)(404.2)(174.8)Profit for the year 年內溢利4,940.34,019.42,512.72,914.11,

12、271.6Attributable to: 歸屬： Owners of the Company 本公司股東4,871.83,991.32,490.92,901.61,270.8 Non-controlling interests 非控股權益68.528.121.812.50.84,940.34,019.42,512.72,914.11,271.6Earnings per share Basic (in RMB)每股盈利 基本 （人民幣）4.463.652.282.671.18Assets and liabilities 資產及負債Non-current assets 非流動資產9,808.68

13、,247.16,083.74,090.92,318.7Current assets 流動資產25,629.522,446.016,768.411,635.49,317.9Total assets 總資產35,438.130,693.122,852.115,726.311,636.6Bank borrowings 銀行借貸2,070.61,118.61,482.41,347.9904.3Bonds payable 應付債券3,895.94,156.14,080.0Other liabilities 其他負債12,645.512,692.28,001.66,859.25,819.0Total li

14、abilities 總負債18,612.017,966.913,564.08,207.16,723.3Net assets 資產淨值16,826.112,726.29,288.17,519.24,913.3Equity attributable to owners of the Company本公司股東應佔權益16,597.212,552.99,234.17,488.54,895.3Non-controlling interests 非控股權益228.9173.354.030.718.0Total equity 權益總額16,826.112,726.29,288.17,519.24,913.3

15、Key financial ratio 主要財務比率Gross profit margin (%) 毛利率(%)22.920.518.921.518.3Net profit margin (%) 淨利率(%)13.010.69.713.08.7Gearing ratio (%) 負債比率(%)16.817.224.38.67.8Current ratio (times) 流動比率 （倍）1.91.81.91.51.4Quick ratio (times) 速動比率 （倍）1.51.41.61.21.0FIVE-YEAR FINANCIAL SUMMARY五年財務概要使命MISSION為中國光電

16、產業的發展 探索騰飛之路To explore the prosperous road for the development of Chinas optoelectronic industry願景VISION做強、做大、走遠， 成為光電行業的百年老字號Be stronger, bigger and go further to become a “Hundred-Year-Old Brand” in the optoelectronic industry發展戰略DEVELOPMENT STRATEGY堅定不移實施名配角戰略， 打造馳譽全球的光電企業Unswervingly implement t

17、he “Mingpeijue” strategy to build a world-renowned optoelectronic enterprise共同創造CREATE TOgEThERSunny Optical Technology (Group) Company Limited ANNUAL REPORT 202006Chairmans Statement主席報告Dear Shareholders,The Company is pleased to present to the shareholders the annual report for the year of 2020. I

18、n 2020, the worldwide spread of coronavirus disease 2019 (“COVID-19”), the rapid and profound development in global political landscape and the everchanging global economic environment have formed an unprecedented tremendous change in the past century, which threatened the development of many corpor

19、ations. However, the Group worked together with all of its employees to get through this difficult period and achieved excellent performance in pandemic prevention and control, resumption of work and production as well as the enhancement of operational performance, which continuously created value f

20、or shareholders. Besides, some relevant subsidiaries of the Group actively responded to the need in pandemic prevention by working overtime during the pandemic to produce key components for anti-pandemic products, which satisfied the anti-pandemic requirement at that time and fulfilled its corporate

21、 responsibility. The Group has received wide acclaim from the society.致股東：本公司欣然向各位股東提呈二零二零年之年報。二零二零年，二零一九冠狀病毒病（ COVID-19 ） 全球肆虐，世界政治格局加速深刻演進，國際經濟環境詭譎多變，在這百年未有之大變局中，不少企業命運堪憂。然而，本集團上下一心，共克時艱，不管是在疫情防控，還是在復工、復產和提升經營業績方面皆表現優秀，持續為股東創造了價值。另外，本集團相關附屬公司積極響應防疫之需，在疫情期間加班加點，為抗疫產品生產關鍵零部件，滿足了當時的防疫需求，踐行了企業擔當，為本集團贏

22、得了社會的廣泛讚譽。Mr. YE Liaoning葉遼寧先生舜宇光學科技 （集團） 有限公司 2020 年報 07Chairmans Statement主席報告BUSINESS REVIEWIn 2020, due to the wide spread of the pandemic around the world, the overall global economy has declined, coupled with the sudden changes in the international situation and the Sino-U.S. trade friction, t

23、he market environment has undergone tremendous changes. In spite of challenges, the Group continued to consolidate and exploit its existing advantageous businesses. By improving R&D capabilities, promoting automated manufacturing processes and strengthening cost control capabilities, the Group has s

24、olidified its supreme position in the industry. The Group continued to increase investment in new businesses, made every effort to develop emerging businesses and nurtured new business growth points in order to deploy a layout for sustainable development in the future. At the same time, the Group fu

25、rther promoted the transformation of human resources and fostered the construction of digitalization in human resources while energizing the management cadres and human resources management group. With the implementation of a series of corporate cultural activities, the comprehension and awareness o

26、f the corporate culture by all employees have been greatly enhanced, thereby ensuring the provision of talents for the continuous and rapid development of the Company.During the year under review, despite the unfavourable situation of the year-on-year decline in the global smartphone industry and ve

27、hicle camera industry, the Groups major businesses achieved good results. The shipment volume of handset related businesses continued to hit new heights. Moreover, the Group made breakthroughs in business and technology for high-end products, further increasing its global market share and market com

28、petitiveness. Despite the circumstances of decline in the global vehicle sales, the vehicle related businesses still achieved growth. The business of vehicle lens sets continued to maintain the global No.1 in market share. The infrared related business emerged during the outbreak of the pandemic whi

29、ch did not only achieve impressive growth in business performance, but also make contributions to fighting the pandemic. Other businesses and emerging businesses also made breakthroughs and developments in the aspects of technological R&D, market expansion and stable delivery.業務回顧二零二零年，因疫情席捲全球，世界整體經

30、濟下滑，再加上國際形勢突變以及中美貿易摩擦，市場環境發生巨變。本集團不畏挑戰，持續夯實現有優勢業務，通過提升研發能力，推進自動化制程及加強成本管控能力，穩固了在行業中的優勢地位。本集團繼續加大對新事業的投入，全力開拓新興業務，培育新的業務增長點，為未來的可持續發展謀求佈局。同時，本集團進一步推進人力資源轉型及推動人力資源數字化建設，並對管理幹部及人力資源管理群體進行賦能，且通過開展一系列企業文化活動，深化全體僱員對企業文化的理解與認識，為公司的持續高速發展提供人才保障。於回顧年內，儘管處於全球智能手機和車載攝像頭行業同比下滑的不利局面，本集團的主要業務仍取得了良好的成績。手機相關業務全年出貨量

31、繼續創出新高，且在高端產品方面取得了業務表現和技術上的突破，全球市佔率和市場競爭力進一步得到提升。儘管全球汽車銷量下滑，汽車相關業務卻依然實現了增長。車載鏡頭業務繼續保持全球市佔率第一的地位。紅外相關業務在疫情爆發期間異軍突起，不僅業績取得了傲人增長，並且為抗擊疫情做出了貢獻。其他業務及新興業務在技術研發、市場開拓、穩定交付方面皆有所突破和發展。Sunny Optical Technology (Group) Company Limited ANNUAL REPORT 202008Chairmans Statement主席報告於回顧年內，鑑於COVID-19的持續反覆不斷，而疫情又關乎國家、企

32、業、家庭及個人的未來發展，本集團對於疫情的防控非常重視，並積極採取各項措施以確保所有僱員安全回到工作崗位，且在較短的時間內令所有附屬公司有序恢復生產。本集團快速反應並制定了 防疫應急響應組織及各管理小組的工作方案 ，成立了綜合協調、測溫、消毒、隔離、食堂、宿舍、採購、人力資源、財務、監察和宣傳外聯共十一個工作小組，上下聯動，且對全體僱員實行 員工三色化分類管控和全員網格化管理 ，對防疫工作做了周密的部署，嚴格落實各項防控措施。本集團還特聘兩位知名醫生擔任健康顧問，對防疫工作提供專業的醫學指導，切實保障員工健康及生產安全。在管理層的帶領下及全體員工持續不斷的努力下，本集團嚴守嚴防，確保了生產的有

33、序進行，並按客戶的要求如期交付，獲得了客戶的一致好評。本集團將進一步完善突發事件的應急預案及實戰化演練，加強風險管理及完善內部監控系統。經營業績於二零二零年，全體員工眾志成城，在充滿活力且富有經驗和前瞻性的管理層的帶領下始終堅持 共同創造 的核心價值觀的企業文化，積極發揚艱苦奮斗的創業精神，與時俱進的創新精神以及和衷共濟的團隊精神，本集團取得了喜人的業績表現。截 至 二 零 二 零 年 十 二 月 三 十 一 日 止 年度，本集團的收入增加約 0.4%至約人民幣38,001,800,000元。本公司股東應佔年內溢利增加約22.1%至約人民幣4,871,800,000元。此外，每股基本盈利增加約

34、22.2%至約人民幣445.78分。董事 （ 董事 ） 會 （ 董事會 ） 建議派發末期股息每股約人民幣0.888元 （相等於1.057港元）（二零一九年：約人民幣0.728元） 。During the year under review, in view of the continued recurrence of the COVID-19 and the pandemic is influential to the future development of the country, enterprise, family and individual, the Group was high

35、ly concerned about the prevention and control of the pandemic and actively adopted various measures to ensure that all employees returned to their work positions safely, and to orderly resume the production of all its subsidiaries in a relatively short time. The Group responded swiftly and formulate

36、d the Working Plan of Emergency Response Organizations and Management Groups for Pandemic Prevention”, and established 11 working teams covering overall coordination, temperature measurement, sterilization, quarantine, canteen, dormitory, procurement, human resources, finance, monitoring and outreac

37、h publicity in order to make a thorough action, and also adopted the “Three Colors Classified Management Method and Grid Management Method for the Staff (員工三色化分類管控和全員網格化管理)” in order to make deliberate deployment for the pandemic prevention and strictly implement various prevention and control measu

38、res in various departments of the Group. The Group has also specially appointed two famous doctors as its health consultants to provide professional medical guidance on the pandemic prevention to effectively protect the health of staff and production safety. Under the leadership of management and th

39、e continuous efforts of all employees, the Group strictly adhered to precautions to ensure orderly production and timely delivery of its products as scheduled, thereby winning unanimous praise from customers. The Group will further improve the emergency response plan and conduct practical trainings

40、to enhance the risk management and optimize the internal control systems.OPERATIONAL PERFORMANCEIn 2020, with the concerted efforts of all employees and under the leadership of the energetic, experienced and forward-looking management, the Group always adhered to the core value of “Create Together”

41、of the corporate culture, actively carrying forward the entrepreneurial spirit of working hard, innovative spirit of keeping up with the times and the team spirit of solidarity. The Group has achieved a satisfying business performance.For the year ended 31 December 2020, the Groups revenue increased

42、 by approximately 0.4% to approximately RMB38,001.8 million. Profit for the year attributable to owners of the Company increased by approximately 22.1% to approximately RMB4,871.8 million. Besides, the basic earnings per share increased by approximately 22.2% to approximately RMB445.78 cents. The bo

43、ard (the “Board”) of directors (the “Directors”, each a “Director”) has proposed a final dividend of approximately RMB0.888 (equivalent to HK$1.057) (2019: approximately RMB0.728) per share.舜宇光學科技 （集團） 有限公司 2020 年報 09Chairmans Statement主席報告可持續發展本集團認為促進環境的可持續發展是企業不可推卸的責任，且企業的可持續發展亦是企業經營的長遠方針。本集團相信社會的

44、和諧發展需要每個人、每個組織的共同努力。本集團願意自覺承擔企業公民在經濟發展、社會保障、文化教育、環境保護等方面的社會責任，長期致力於社會的文明進步與可持續發展。因此，本集團在生產經營過程中一直秉承 共同創造的核心價值觀，力求為客戶提供更加優質的產品與服務，不斷提高客戶、社會和股東的滿意度，同時實現各業務的快速發展。在追求卓越業績的同時，本集團也認識到可持續發展是實現做強、做大、走遠，成為光電行業 百年老字號 企業願景的基石。本集團始終將可持續發展的各種因素考慮到企業策略制定和日常經營管理之中，爭取實現可持續的盈利增長。本集團二零二零年度的環境、社會及管治報告將於二零二一年六月底之前刊發，敬請

45、於香港聯合交易所有限公司 （ 香港聯交所 ） 披露易之網站 （http:/www.hkexnews.hk） 或本集團網站 （http:/） 查閱。SUSTAINABLE DEVELOPMENTThe Group believes that promoting the sustainable development of the environment is the unshirkable responsibility of an enterprise, and the sustainable development of an enterprise shall also be its long

46、-term policy of business operation. The Group believes that the harmonious development of society requires the concerted efforts of every individual and organization. The Group is willing to undertake the social responsibility as a corporate citizen consciously in the aspects of economic development

47、, social security, cultural education and environmental protection, making a long-term commitment to foster the civilization progression and sustainable development of the society. Therefore, the Group always adheres to the core value of “Create Together” in the production and operation process, str

48、iving to provide customers with higher quality products and services as well as continuing to improve the satisfaction of customers, society and shareholders and at the same time to realize the rapid development of various businesses. While pursuing outstanding performance, the Group also realizes t

49、hat sustainable development is the cornerstone for the Group to be stronger, bigger and go further in order to achieve the corporate vision of becoming a “Hundred-Year-Old Brand” in the optoelectronic industry. The Group has always taken all factors of sustainable development into consideration in c

50、orporate strategy formulation and routine operation and management in order to strive for achieving sustainable profit growth. The Environmental, Social and Governance Report for 2020 of the Group will be published before the end of June 2021, which will be available on the website of HKEXnews of Th

51、e Stock Exchange of Hong Kong Limited (the “Hong Kong Stock Exchange”) (http:/www.hkexnews.hk) or the website of the Group (http:/).Sunny Optical Technology (Group) Company Limited ANNUAL REPORT 202010Chairmans Statement主席報告展望二零二一年，COVID-19將繼續在全球肆虐，雖然各國已開始接種新冠疫苗，但疫情對於全球經濟的傷害仍需要一段時間的修復；另一方面，中美貿易摩擦形勢不

52、容樂觀，全球經濟環境將更為複雜與嚴峻。同時，本集團也看到，新一輪科技革命和產業變革方興未艾，智能化、數字化的快速發展給光電領域帶來了廣闊的發展空間。隨著5G、人工智能 （ AI ） 應用的深化，超高清視頻、AR/VR、自動駕駛等應用逐步落地和商業化，光學相關產品的市場前景有望持續繁榮。憑藉在行業中的領先地位，本集團將緊緊抓住光電產業的發展商機，充分發揮自身的競爭優勢，進一步拓寬產品的應用領域，致力於成為全球領先的綜合光學零件及產品生產商及國際知名企業的戰略合作夥伴。展望未來，本集團將堅定不移地實施 名配角戰略，持續為客戶創造價值；繼續把握新的市場機遇，提高研發和製造的核心競爭力以實現可持續發展

53、，並推動信息技術與製造技術的融合。此外，本集團亦將快速推進余姚城西產業基地和海外基地的工程建設，為本集團中長期的快速發展奠定基礎。本集團相信，機遇總會多於挑戰，本人將帶領全體員工繼續奮斗在前進的道路上，以良好的業績回報股東，回饋社會。OUTLOOKIn 2021, COVID-19 will continue to rage globally. Although various countries have started the vaccination against the novel coronavirus, it still takes a certain period of time

54、 for the global economy to recover from the damages caused by the pandemic. On the other hand, the Sino-U.S. trading friction is still not optimistic, and the global economic environment will become more complicated and severe. At the same time, the Group also sees the emerging and continued develop

55、ment of a new round of technological revolution and industrial transformation, and the rapid development of intelligentization and digitalization have brought a broad development space for the optoelectronic sector. With the deepening application of 5G and artificial intelligence (“AI”), and the gra

56、dual implementation and commercialization of the application of ultra-high-definition video, AR/VR and autonomous driving, it is expected to see the continuous prosperity of the market for optical related products. Leveraging on its leading position in the industry, the Group will firmly seize the d

57、evelopment opportunities in the optoelectronic industry, fully leverage on its own competitive advantages to further broaden the application fields of products. The Group is committed to becoming the worlds leading manufacturer of integrated optical components and products and a strategic partner of

58、 international renowned enterprises.Looking forward, the Group will firmly implement the “Mingpeijue” (名配角) strategy, continue to create values for the customers and seize the new market opportunities, enhance the core competitiveness of R&D and production in order to achieve sustainable development

59、 and promote the integration of information technology and production technology. Besides, the Group will also swiftly promote the construction of Yuyao Chengxi Production Base and overseas bases in order to lay the foundation for the medium- to long-term rapid development of the Group. The Group be

60、lieves that opportunities are always more than challenges. I will lead all employees to continue to go forward and move on the path ahead in order to repay shareholders with good performance and give back to the society.舜宇光學科技 （集團） 有限公司 2020 年報 11Chairmans Statement主席報告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

61、謝意，正是每位成員的不懈努力才促使本集團取得了良好的成績。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，為股東及其他持份者創造更多價值。葉遼寧主席及執行董事中國二零二一年三月十七日APPRECIATIONThe Group would like to express its appreciation to all of its staff for their long-term efforts and to the management for their outstanding contributions. It is the unre

62、mitting efforts of each member that enable the Group to make great achievements. Meanwhile, the Group wishes to express its sincere gratitude towards its shareholders, customers and business partners for their long-standing support and recognition. The Group will continue to strive for the sustainab

63、le development of the business, so as to realise higher values for its shareholders and other stakeholders.Ye LiaoningChairman and Executive DirectorChina17 March 2021Sunny Optical Technology (Group) Company Limited ANNUAL REPORT 202012Management Discussion and Analysis管理層討論與分析市場回顧回顧二零二零年，突如其來的COVID

64、-19重創全球經濟，生產、消費、投資等經濟活動均處於歷史低位，宏觀經濟面臨巨大壓力。由於中華人民共和國 （ 中國 ） 各級政府對於疫情的重視及有效的防控措施，中國企業率先開始復工復產，且全年國內生產總值實現正增長，中國的社會治理能力令全球矚目。但國際形勢的變化與中美貿易摩擦又以超出預期的速度改變了智能手機市場的格局。智能手機終端市場表現不佳，銷售渠道受阻、供應鏈生產緊張等因素使得智能手機市場整體出貨量呈現下跌的狀況。根據市場調研機構Canalys發佈的最新數據顯示，二零二零年全球智能手機的出貨量約1,264,700,000部，較二零一九年下降約7.5%。嚴峻的市場行情讓智能手機品牌廠商之間的競

65、爭越發激烈。然而，即使遭遇市場寒冬，智能手機品牌廠商依然熱情高漲、迎難而上。二零二零年，雖然智能手機攝像頭規格整體出現降規降配現象，但為了實現機型銷量突破，不斷提升市場份額，行業知名的智能手機品牌廠商仍尋找具有新規格的攝像頭以謀求性能差異化的競爭優勢，如超高像素、超大像面、超大光圈、超廣角、超小型化、高變倍光學變焦、光學防抖等以進一步提高用戶體驗。憑藉市場驅動的技術創新，本集團為新產品研發積極投入資源，與主流智能手機品牌廠商展開深度合作，進一步發揮並鞏固自身在光學相關行業中的領先技術優勢。MARKET REVIEWLooking back in 2020, the sudden occurre

66、nce of COVID-19 severely affected the global economy and the economic activities of production, consumption, investments are all at a historical low, with the macro-economy facing tremendous pressure. As governments at all levels of the Peoples Republic of China (the “PRC”) paid great attention to t

67、he pandemic and took effective prevention and control measures, the enterprises in the PRC took the lead to resume work and production, and the annual gross domestic product achieved positive growth. The social governance capabilities in the PRC attracted global attention. However, the changes in th

68、e international situation and the Sino-U.S. trading friction have changed faster than expected, leading to changes in the layout of the smartphone market. The performance of the terminal smartphone market is unfavourable, with the sales channels being blocked and the tension in the supply chain prod

69、uction, all of which had caused a decrease in the overall shipment volume in the smartphone market. According to the latest data issued by a market analyst firm, Canalys, the global shipment volume of smartphones in 2020 was approximately 1,264,700,000 units, representing a decrease of approximately

70、 7.5% compared to that of 2019. The stringent market conditions led to more intense competition among the smartphone brand manufacturers. Nevertheless, despite being in the cold winter of the market, the smartphone brand manufacturers were still in high sentiment and dedicated to tackling the challe

71、nge ahead. In 2020, although the downgraded specification of smartphone cameras presented, in order to achieve breakthroughs in model sales and continue to increase market share, various well-known smartphone brand manufacturers were still looking for cameras with new specifications to increase comp

72、etitive advantages via differentiated performance, such as ultra-high resolution, ultra-large image size, ultra-large aperture, ultra-wide angle, ultra-miniaturization, high time optical zoom, optical image stabilization in a bid to improve user experiences. Relying on the market-driven technologica

73、l innovation, the Group actively invested in R&D of new products, and conducted in-depth cooperation with mainstream smartphone brand manufacturers to further develop and consolidate its leading technological advantages in the optical-related industries.舜宇光學科技 （集團） 有限公司 2020 年報 13Management Discussi

74、on and Analysis管理層討論與分析二零二零年，在COVID-19席捲全球的背景下，各國汽車市場均承受了巨大壓力，全球新車銷量急劇下滑。根據日本調研機構Techno Systems Research （ TSR ） 於二零二一年二月更新的信息顯示，二零二零年全球新車銷量較二零一九年下降約17.0%，車載攝像頭數量同比下降約3.4%。然而，隨著汽車駕駛 電動化、網聯化、智能化、共享化 的發展，高級駕駛輔助系統 （ ADAS ） 滲透率的逐漸提升以及自動駕駛等級的提高，車載攝像頭的市場需求已開始迅速回暖。一方面，ADAS需要搭載更多車載攝像頭，這為車載攝像頭滲透率的提高打開了市場；另一方

75、面，ADAS也對車載攝像頭，尤其是側視、環視、前視、內視等鏡頭的性能和質量提出了更高的要求，這將對車載攝像頭的光學元件在精度、可靠性等各項性能指標方面提出更高的要求，帶動高規格車載攝像頭的發展。此外，隨著智能駕駛商業化的逐步深入推進，各國政府紛紛出台相關的政策和法令推動車載攝像頭行業的發展。二零一九年四月，韓國政府發佈了 促進和支持自動駕駛汽車商業化法並於二零二零年五月一日起正式實施。該法案鼓勵韓國國土交通部指定自動駕駛安全區間，在區間內投資建設自動駕駛道路基礎設施和智能交通系統，協助自動駕駛汽車安全駕駛。二零二零年十二月，中國交通運輸部提出 關於促進道路交通自動駕駛技術發展和應用的指導意見

76、，指出到二零二五年，自動駕駛基礎理論研究取得積極進展，道路基礎設施智能化、車路協同等關鍵技術及產品研發和測試驗證取得重要突破；出台一批自動駕駛方面的基礎性、關鍵性標準；建成一批國家級自動駕駛測試基地和先導應用示範工程，在部分場景實現規模化應用，推動自動駕駛技術產業化落地。憑藉自身的技術創新及行業領先優勢，本集團將全面受益於車載攝像頭行業的快速增長。In 2020, under the background of the sweeping of the COVID-19 across the globe, the automobile markets of various countries w

77、ere under tremendous pressure, and the global new vehicle sales dropped drastically. According to the information updated by Techno Systems Research (“TSR”), a Japanese research firm, in February 2021, the global new vehicle sales in 2020 decreased by approximately 17.0% compared to that of 2019, an

78、d the number of vehicle cameras decreased by approximately 3.4% year-on-year. However, with the development of the “electrified, connected, intelligent, shared” of vehicle driving, the gradual improvement in the penetration rate of advanced driver assistance systems (“ADAS”) and the increase in the

79、level of autonomous driving, the market demand for vehicle cameras has started to increase rapidly. On one hand, the ADAS needs to be equipped with more vehicle cameras, which opens up the market to cope with the increase in the penetration rate of vehicle cameras. On the other hand, the ADAS has a

80、higher requirement for the functions and quality of vehicle cameras, especially the side, surround, front, and in-cabin view and other lens sets, which will impose higher requirements on various functional indicators such as accuracy and reliability of the optical components of the vehicle cameras,

81、thereby driving the development of vehicle cameras with high specification.In addition, with the gradual and deepening promotion of the commercialization of smart driving, governments of various countries have introduced relevant policies and laws to promote the development of the vehicle camera ind

82、ustry. In April 2019, the Korean government promulgated the “Law on Promoting and Supporting the Commercialization of Autonomous Vehicles” which was officially implemented on May 1, 2020 and aimed to encourage the South Korea Ministry of Land Infrastructure and Transport to designate safe zones for

83、autonomous driving and invest in the construction of autonomous road infrastructure and intelligent transportation systems within the zones to assist the safe driving of autonomous vehicles. In December 2020, the Ministry of Transport of the PRC put forward the “Guiding Opinions on Promoting the Dev

84、elopment and Application of Road Traffic Autonomous Driving Technology”, stating that by 2025, active progress will be made in the basic theoretical research of autonomous driving and road infrastructure, with significant breakthroughs to be made in key technologies such as intelligence of basic fac

85、ilities for road facilities and vehicle-road synergy, as well as product development and test verification; introduction of a number of basic and key standards for autonomous driving; establishment of a number of national-level autonomous driving test bases and pilot application demonstration projec

86、ts, and to realize their application in partial scenarios as to promote the application of industrialization of autonomous driving technology. Leveraging on its own technological innovation and industry leading advantages, the Group will fully benefit from the rapid development in the vehicle camera

87、 industry.Sunny Optical Technology (Group) Company Limited ANNUAL REPORT 202014Management Discussion and Analysis管理層討論與分析In the optical instrument market, COVID-19 has brought a certain degree of influence on the technological research, medical, educational and industrial fields. The large-scale sus

88、pension in work and production have caused a weak demand continuously in overseas markets. However, benefited from the growth of domestic semiconductor investment and the drive for localization of equipment, the demand in the PRC market has recovered significantly, particularly for the outstanding p

89、erformance in the industrial field.The Group has also made in-depth expansion in other emerging businesses and acquired substantial progress and breakthroughs. In terms of the biological identification business, the Group has deployed a series of biological identification lens sets. In addition, wit

90、h the gradual landing and clarification of 3D vision-related market applications, the time of flight (“TOF”) products and technical solutions of the Group can be applied to robotic vision, facial recognition payment, smart retail, smart logistics and other related fields. The Groups 3D interactive l

91、ens sets adopted new interactive technology that can provide a variety of different types of 3D interactive lens sets in accordance with customer demands. The TOF lens sets can carry out real time distance assessment to obtain depth information of objects; the dual-camera wide-angle solution can rea

92、lize the interaction between human and machine; and the ultra-thin design can realize the miniaturization of terminal products. In addition to improving its own R&D capabilities, the Group has also strengthened in-depth cooperation with top global high-tech companies, thereby laying a solid foundati

93、on for the Groups future development in the new fields.在光學儀器市場方面，COVID-19對科研、醫療、教學及工業等領域均帶來了一定程度的影響，大範圍的停工停產使得海外市場需求持續疲軟。然而，得益於國內半導體投資增長以及設備國產化驅動，中國市場需求恢復明顯，其中工業領域的表現尤為突出。本集團亦在其他新興業務方面進行深入拓展，且取得了實質性的進展和突破。在生物識別業務方面，本集團佈局了一系列不同應用領域的生物識別鏡頭。此外，隨著3D視覺相關市場應用的逐步落地與明朗化，本集團的飛行時間（ TOF ） 產品及技術方案可應用於機器人視覺、人臉支付

94、、智能零售及智能物流等相關領域。本集團的3D交互鏡頭採用新型交互技術，可根據客戶需求提供多種不同類型的3D交互式鏡頭：TOF鏡頭即時測距可獲取物體深度資訊，雙攝大廣角方案可以實現人機交互，超薄化設計可實現終端產品小型化。除了提高自身的研發實力以外，本集團還強化與全球頂尖高科技公司的深度合作，為本集團未來在新領域中的發展奠定堅實的基礎。舜宇光學科技 （集團） 有限公司 2020 年報 15Management Discussion and Analysis管理層討論與分析業務回顧於回顧年內，面對行業的急劇變化、常態化的疫情影響以及持續的貿易摩擦，本集團通過以下幾方面的努力保持了行業中的領先地位：

95、1.持續突破關鍵技術要素，完善研發體制建設，提升產品的技術附加值；2.不斷優化製造管理流程和組織架構，持續革新工藝技術，加速推進自動化檢測的進程，提升製造附加值；及3.持續優化供應商及供應渠道，規範管理流程，提高管理效率和精細度，降低經營成本。為了有效防範知識產權方面存在的經營風險，本集團已建立專業的知識產權管理團隊，並積極進行專利佈局。於二零二零年十二月三十一日，本集團已獲授權專利2,096項，包括發明專利623項，實用新型專利1,421項及外觀設計專利52項。此外，另有3,212項待批核的專利。BUSINESS REVIEWDuring the year under review, fac

96、ing the drastic industrial changes, the impact of the normalized pandemic and the continuing trade frictions, the Group maintained a leading position in the industry through the following aspects: 1. continued to make breakthroughs in key technologies, improved the construction of the R&D system and

97、 enhanced the technological value added to the products; 2. optimised the manufacturing management process and organisation structure continuously, innovated the technological skills persistently, accelerated to propel the processes of automatic inspection, and elevated the value added to the produc

98、tion; and 3. Optimized suppliers and supply channels persistently, standardised the management procedures, improved the management efficiency and accuracy, and reduced the operating costs.In order to prevent operating risks effectively in intellectual property rights, the Group has established a pro

99、fessional intellectual property rights management team and has been proactively formulating overall planning in relation to patent layout. As at 31 December 2020, the Group had 2,096 granted patents, including 623 invention patents, 1,421 utility model patents and 52 exterior design patents. In addi

100、tion, another 3,212 patent applications are pending approval.Sunny Optical Technology (Group) Company Limited ANNUAL REPORT 202016Management Discussion and Analysis管理層討論與分析光學零件截至二零二零年十二月三十一日止年度，光學零件事業的收入約人民幣9,181,100,000元，較去年增長約4.1%。此業務部門佔本集團總收入約24.2%，而在去年則約佔23.3%。於回顧年內，本集團的手機鏡頭出貨量較去年增長約13.9%至1,529,

101、757,000件，創歷史新高，其中6P及以上產品佔出貨量的比例約24.7%。在出貨量增加的同時，本集團亦非常關注 質的提升 。因此，通過不斷加強研發及工程技術的能力，本集團已於回顧年內成功開發了多款高規格的產品，主要包括連續變焦手機鏡頭、8P高像素手機鏡頭、自由曲面手機鏡頭和毫米級超微距手機鏡頭。同時，本集團的一億像素大像面手機鏡頭和超小畸變廣角（115） 手機鏡頭已實現量產。此外，憑藉在光學領域的深厚積累及技術領先優勢，本集團積極開拓新興光學市場，同時著力於VR/AR、3D感應、智能家居、無人機和運動追蹤等鏡頭與其它光學零部件的開發。於年內，本集團的VR類鏡頭與鏡片及3D交互式鏡頭的銷售進一

102、步取得突破，產生了可觀的經濟效益。OPTICAL COMPONENTSFor the year ended 31 December 2020, the revenue from the Optical Components business segment was approximately RMB9,181.1 million, representing an increase of approximately 4.1% compared to that of last year. This segment accounted for approximately 24.2% of the G

103、roups total revenue, compared to approximately 23.3% of last year.During the year under review, the shipment volume of handset lens sets of the Group amounted to 1,529,757,000 units, representing an increase of approximately 13.9% compared to that of last year, achieving a record high, with 6P and a

104、bove products accounting for approximately 24.7% of the shipment volume. Other than the increased shipment volume, the Group also paid great attention to “quality improvement”. Therefore, by continuously strengthening R&D and engineering capabilities, the Group has successfully developed a number of

105、 high-specification products during the year under review, mainly including continuous zoom handset lens sets, 8P high-resolution handset lens sets, freeform handset lens sets and millimeter-scale ultra-macro shooting handset lens sets. At the same time, the Groups 100-mega pixel large image size ha

106、ndset lens sets and supers-mall distortion wide-angle (115) handset lens sets have commenced mass production. In addition, with extensive experience and leading technological advantages in the optical field, the Group actively developed emerging optical markets and engaged in the development of lens

107、 sets and other optical components applied in VR/AR, 3D sensing, smart home, drones and motion tracking, etc. During the year, the sales of the Groups VR lens sets and lenses and 3D interactive lens sets achieved further breakthroughs and generated considerable economic benefits.舜宇光學科技 （集團） 有限公司 202

108、0 年報 17Management Discussion and Analysis管理層討論與分析在車載鏡頭業務方面，上半年受全球疫情影響，本集團向海外客戶的出貨有所延遲；而下半年隨著海外客戶陸續復工，本集團車載鏡頭的出貨快速回升。於回顧年內，本集團的車載鏡頭出貨量較去年增長約12.1%至56,174,000件。同時，本集團在車載鏡頭技術創新方面持續實現突破。本集團完成了200萬像素玻塑混合的前視車載鏡頭的研發，攻克了含塑料鏡片鏡頭溫度穩定性的技術難關。此外，800萬像素含玻璃非球面鏡片的全玻前視車載鏡頭實現大批量生產交付。此外，本集團加快在新興車載光學零件業務的產品開發和市場佈局，積極培育新

109、的業務增長點。於回顧年內，本集團完成了百萬級像素的車載智能大燈鏡頭的研發，有助於搶佔行業先機。於二零二零年十二月三十一日，本集團在光學零件事業中已獲授權專利共1,084項，包括發明專利285項，實用新型專利794項及外觀設計專利5項。此外，另有1,788項專利正在申請當中。In terms of the vehicle lens sets business, affected by the global pandemic in the first half of the year, the Groups shipment to overseas customers was delayed; w

110、hile overseas customers gradually resumed work in the second half of the year, the Groups shipment of vehicle lens sets rebounded rapidly. During the year under review, the shipment volume of vehicle lens sets of the Group amounted to 56,174,000 units, representing an increase of approximately 12.1%

111、 compared to that of last year. Meanwhile, the Group achieved breakthroughs in the innovation of vehicle lens sets technology continuously. The Group completed the R&D of 2-mega pixel hybrid front-view vehicle lens sets which can overcome the technological barrier of temperature stability of lens se

112、ts containing plastic lenses. In addition, the pure glass 8-mega pixel front-view vehicle lens sets with glass aspherical lenses commenced mass production and delivery.In addition, the Group speeded up product development and market layout in the emerging vehicle optical components business and acti

113、vely developed new business growth points. During the year under review, the Group completed the R&D of megapixel smart headlight lens sets of vehicle which can help to seize the opportunities in the industry.As at 31 December 2020, a total of 1,084 granted patents have been obtained by the Group in

114、 the Optical Components business segment, including 285 invention patents, 794 utility model patents and 5 exterior design patents. In addition, 1,788 patents are pending approval.Sunny Optical Technology (Group) Company Limited ANNUAL REPORT 202018Management Discussion and Analysis管理層討論與分析光電產品截至二零二

115、零年十二月三十一日止年度， 光電產品事業的收入約人民幣28,494,300,000元，較去年略微減少約0.9%。此業務部門佔本集團的總收入約75.0%，而在去年則佔約76.0%。於回顧年內，本集團的手機攝像模組出貨量較去年增長約9.7%至592,878,000件，其中潛望模組及大像面 （芯片面在1/1.7 及以上） 模組佔出貨量的比例約10.3%。於年內，全球疫情爆發，終端消費需求疲軟，智能手機出貨量持續下滑，且攝像頭行業出現降規降配的現象。然而，本集團堅信未來智能手機攝像頭的規格仍將持續升級。因此，本集團積極投入研發並加強核心技術的研究。同時，結合客戶需求和行業最新發展趨勢，本集團已完成連續

116、變焦手機攝像模組以及芯片防抖手機攝像模組的研發。此外，雲台防抖手機攝像模組及採用第二代板級模塑封裝和第二代芯片級模塑封裝工藝的手機攝像模組已實現量產。為了進一步提升產品良率，提高生產效率並增強競爭實力，於年內，本集團手機攝像模組的產線制程進一步得到優化。本集團自主開發的光路折射系統光學貼附設備已投入使用。該設備能為多款高端潛望產品提供高精度的組裝解決方案。在車載模組業務方面，本集團繼續圍繞市場及客戶需求，系統性地佈局產品路線，並以獨特的技術創新增加產品的附加值，業務得到突破性進展。於年內，本集團已完成前視、側視和後視均為800萬像素的車載模組的研發。OPTOELECTRONIC PRODUCT

117、SFor the year ended 31 December 2020, the revenue from the Optoelectronic Products business segment was approximately RMB28,494.3 million, representing a slight decrease of approximately 0.9% compared to that of last year. This segment accounted for approximately 75.0% of the Groups total revenue, c

118、ompared to approximately 76.0% of last year.During the year under review, the shipment volume of handset camera modules of the Group amounted to 592,878,000 units, representing an increase of approximately 9.7% compared to that of last year, with the periscope modules and large image size (image siz

119、e is 1/1.7” and above) modules accounting for approximately 10.3% of the shipment volume. During the year, due to the global outbreak of the pandemic, end-customer demand was weak and the shipment volume of smartphone continued to decline, and the camera industry experienced downgrade in specificati

120、on and configuration. However, the Group firmly believed that the specification of smartphone camera will continue to upgrade in the future. Therefore, the Group actively invested in R&D and strengthened the researches on core technology. Meanwhile, in line with customer demand and the latest develo

121、pment trends of the industry, the Group has completed the R&D of continuous zoom handset camera modules and sensor-shift handset camera modules. In addition, gimbal stabilization handset camera modules and handset camera modules with the second-generation of molding on board and second-generation of

122、 molding on chip packaging technique have commenced mass production.In order to further improve product yield rate, enhance production efficiency and strengthen competitiveness, the Group has further optimised the production line process of handset camera modules during the year. The Optical Reflect

123、ion System-Active Alignment independently developed by the Group has been put into use. Such equipment can provide high-precision assembly solutions for a variety of high-end periscopic products.In terms of the vehicle modules business, the Group continued to plan systematically for product roadmap

124、focusing on market and customer demand, and increased the added value of products with unique technological innovations, achieving breakthroughs in business progress. During the year, the Group has completed the R&D of front-view, side-view and rear-view vehicle modules which are all 8-mega pixel.舜宇

125、光學科技 （集團） 有限公司 2020 年報 19Management Discussion and Analysis管理層討論與分析此外，本集團持續建設機器人視覺平台，佈局機器人識別與定位兩大產品線。其中在識別類業務方面，基於結構光和ToF的人臉活體檢測方案取得了銀行卡檢測中心增強級認證，獲得了進入銀聯體系客戶供應鏈的通行證；基於ToF技術的刷臉支付方案取得了微信的測試認證，獲得了進入微信支付設備廠商客戶供應鏈的通行證；完成了應用於智能門鎖的結構光系統的開發，並與客戶進行了戰略合作。在定位類業務方面，本集團完成了掃地機器人ToF相關算法的研發及雙目方案的開發，並實現了與重要客戶的項目交付。於

126、二零二零年十二月三十一日，本集團在光電產品事業中已獲授權專利共836項，包括發明專利305項，實用新型專利509項及外設計專利22項。此外，另有1,354項專利正在申請當中。光學儀器截至二零二零年十二月三十一日止年度， 光學儀器事業的收入約人民幣326,400,000元，較去年增長約14.6%。此業務部門佔本集團的總收入約0.8%，而在去年則佔約0.7%。在顯微鏡業務方面，本集團完成了國內首創超寬視場 （30mm） 高倍物鏡 （20X和60X） 的研發並實現量產。該物鏡可獲得高分辨大視場圖像，相比常規複消色差物鏡視野提高44.0%。此外，本集團完成了高精度、高速可切換式激光掃描共聚焦顯微鏡的研

127、發。該顯微鏡具備固定切片的高精度掃描和活細胞高速掃描的功能，掃描視野和速度性能處於國內領先水平。In addition, the Group continued to build a robotic vision platform, deploying the two product lines of robotic recognition and positioning. In terms of the recognition business, the face live detection solution based on structured light and ToF has ob

128、tained the Bank Card Test Center enhanced-level certification, thereby allowed to enter the supply chain of UnionPay system customers; the face scan payment solution based on ToF technology has obtained the WeChat testing certification, thereby allowed to enter the supply chain of WeChat pay equipme

129、nt manufacturer customers; and the Group completed the development of structured light system applied to smart door locks, and conducted strategic cooperation with customers. In terms of the positioning business, the Group completed the R&D of the ToF-related algorithm of the sweeping robot and the

130、development of the binocular solution, and completed the project delivery with key customers.As at 31 December 2020, a total of 836 granted patents have been obtained by the Group in the Optoelectronic Products business segment, including 305 invention patents, 509 utility model patents and 22 exter

131、ior design patents. In addition, 1,354 patents are pending approval.OPTICAL INSTRUMENTSFor the year ended 31 December 2020, the revenue from the Optical Instruments business segment was approximately RMB326.4 million, representing an increase of approximately 14.6% compared to that of last year. Thi

132、s segment accounted for approximately 0.8% of the Groups total revenue, compared to approximately 0.7% of last year.In terms of the microscopes business, the Group completed the R&D of the first ultra-wide field of view (30mm) high magnification objective (20X and 60X) in China and commenced mass pr

133、oduction. The objective can observe high-resolution images with a large field of view, which is 44.0% higher than that of the conventional apochromatic objective. In addition, the Group completed the R&D of a high-precision and high-speed switchable laser scanning confocal microscope. The microscope

134、 has the functions of high-precision scanning for fixed sections and high-speed scanning for living cells, and its scanning field of view and speed performance are at the domestic leading level.Sunny Optical Technology (Group) Company Limited ANNUAL REPORT 202020Management Discussion and Analysis管理層

135、討論與分析在智能裝備業務方面，本集團繼續著重於醫療及工業兩大領域。在醫療領域，本集團完成了外周血的免疫熒光篩查設備的研發並形成量產銷售。該設備採用多波段熒光成像、精密掃描和圖像分析技術，可應用於風濕類病症免疫檢測領域。同時，為解決偏遠地區縣域醫院專家醫療資源緊缺問題，在已有病理掃描器產品的基礎上，本集團開發了數字病理遠端會診平台，進一步完善了醫療產業生態圈及促進了掃描儀的銷售。此外，在工業領域，本集團持續開發精密零部件缺陷線上檢測設備，不斷提升AI算法、超景深視覺技術、高精度激光對焦模組技術等核心能力，並已在重點市場領域實現了檢測設備的批量銷售。於二零二零年十二月三十一日，本集團在光學儀器事業

136、中已獲授權專利共176項，包括發明專利33項，實用新型專利118項及外觀設計專利25項。此外，另有70項專利正在申請當中。In terms of the intelligent equipment business, the Group continued to place strong emphasis on medical and industrial fields. In the medical field, the Group completed the R&D of immunofluorescence screening equipment for peripheral blood

137、 and commenced mass production and sales. The equipment adopts multi-band fluorescence imaging, precision scanning and image analysis technology, which can be applied to the field of immunological testing for rheumatic disease. At the same time, in order to address the issue of shortage of expert me

138、dical resources in county hospitals in remote areas, based on the existing pathology scanner products, the Group developed a digital pathology remote consultation platform, which further improved the medical industry ecosystem and promoted the sales of scanners. In addition, in the industrial field,

139、 the Group continued to develop online inspection equipment for defects in precision components, constantly improved core capabilities such as AI algorithms, ultra-depth-of-field vision technology and high-precision laser focusing module technology, and commenced mass sales of testing equipment in k

140、ey market areas.As at 31 December 2020, a total of 176 granted patents have been obtained by the Group in the Optical Instruments business segment, including 33 invention patents, 118 utility model patents and 25 exterior design patents. In addition, 70 patents are pending approval.舜宇光學科技 （集團） 有限公司

141、2020 年報 21Management Discussion and Analysis管理層討論與分析FINANCIAL REVIEWRevenueFor the year ended 31 December 2020, the Groups revenue was approximately RMB38,001.8 million, representing a slight increase of approximately 0.4% compared to that of last year. The slight increase in revenue was mainly attr

142、ibutable to the fact that in 2020, the shipment volume of the Groups three main products (namely handset lens sets, vehicle lens sets and handset camera modules) increased compared to that of 2019, and the market share increased further. However, affected by the global pandemic, the average selling

143、price of handset lens sets and handset camera modules decreased year-on-year due to the downgraded specification and configuration across the handset camera industry, which partially offset the revenue growth brought by the increased shipment volume.Revenue generated from the Optical Components busi

144、ness segment was approximately RMB9,181.1 million, representing a slight increase of approximately 4.1% compared to that of last year. The slight increase in revenue was mainly attributable to the increase in the shipment volume of handset lens sets and vehicle lens sets, while the average selling p

145、rice of handset lens sets decreased year-on-year due to the downgraded specification and configuration across the handset camera industry, which partially offset the revenue growth resulting from the increased shipment volume. Meanwhile, the infrared lens sets performed well.Revenue generated from t

146、he Optoelectronic Products business segment was approximately RMB28,494.3 million, representing a slight decrease of approximately 0.9% compared to that of last year. The slight decrease in revenue was mainly attributable to the increase in the shipment volume of handset camera modules, while the av

147、erage selling price of handset camera modules decreased year-on-year due to the downgraded specification and configuration across the handset camera industry, which offset the revenue growth resulting from the increased shipment volume.Revenue generated from the Optical Instruments business segment

148、was approximately RMB326.4 million, representing an increase of approximately 14.6% compared to that of last year. The increase in revenue was mainly attributable to the increased market demand for optical instruments for application in domestic industrial sector.財務回顧收入截至二零二零年十二月三十一日止年度，本集團的收入約人民幣38

149、,001,800,000元，較去年略微增長約0.4%。收入微幅增長主要是因為二零二零年，本集團三大主要產品 （即手機鏡頭、車載鏡頭及手機攝像模組） 的出貨量較二零一九年有所增加，且市場份額進一步提升。但受全球疫情影響，手機攝像頭行業出現降規降配現象，手機鏡頭和手機攝像模組的平均銷售單價同比有所下降，部分抵銷了出貨量增加帶來的收入增長。光學零件事業的收入約人民幣9,181,100,000元，較去年略微增長約4.1%。收入微幅增長主要是因為手機鏡頭和車載鏡頭的出貨量增加，但手機攝像頭行業的降規降配使得手機鏡頭的平均銷售單價同比有所下降，部份抵銷了出貨量增加而帶來的收入增長。同時，紅外鏡頭表現良好。

150、光電產品事業的收入約人民幣28,494,300,000元，較去年略微減少約0.9%。收入微幅減少主要是因為手機攝像模組的出貨量增加，但手機攝像頭行業的降規降配使得手機攝像模組的平均銷售單價同比有所下降，抵銷了出貨量增加而帶來的收入增長。光學儀器事業的收入約人民幣326,400,000元，較去年增長約14.6%。收入增長主要是因為應用於國內工業領域的光學儀器的市場需求有所增長。Sunny Optical Technology (Group) Company Limited ANNUAL REPORT 202022Management Discussion and Analysis管理層討論與分析

151、Gross Profit and MarginThe gross profit of the Group for the year ended 31 December 2020 was approximately RMB8,697.9 million, representing an increase of approximately 12.2% compared to that of last year. The gross profit margin was approximately 22.9% (2019: approximately 20.5%), which was approxi

152、mately 2.4 percentage points higher compared to that of last year. The increase in gross profit margin was mainly attributable to the improvement in gross profit margin of handset camera modules under Optoelectronic Products business segment which contributed approximately 75.0% of the Groups total

153、revenue, from 9.3% in 2019 to 12.6% in 2020.The gross profit margins of Optical Components business segment, Optoelectronic Products business segment and Optical Instruments business segment were approximately 42.8%, 12.6% and 39.2%, respectively (2019: approximately 45.2%, 9.3% and 41.3% respective

154、ly).Selling and Distribution ExpensesThe selling and distribution expenses of the Group for the year ended 31 December 2020 increased by approximately RMB34.9 million compared to that of last year to approximately RMB313.5 million. It accounted for approximately 0.8% of the Groups revenue during the

155、 year, compared to approximately 0.7% of last year. The increase in absolute amount was primarily attributable to the increase in the headcount and remuneration of sales staff.R&D ExpenditureThe R&D expenditure of the Group for the year ended 31 December 2020 increased by approximately RMB289.8 mill

156、ion compared to that of last year to approximately RMB2,499.1 million. It accounted for approximately 6.6% of the Groups revenue during the year, compared to approximately 5.9% of last year. The increase in overall R&D expenditure was attributable to the Groups continuous investments in the upgrade

157、of existing products and the R&D of products related to the emerging businesses.毛利及毛利率截至二零二零年十二月三十一日止年度，本集團的毛利約人民幣8,697,900,000元，較去年上升約12.2%。毛利率則約22.9% （二零一九年：約20.5%） ，較去年上升約2.4個百分點。毛利率的上升主要是由於光電產品事業下的手機攝像模組的毛利率從二零一九年的9.3%提升至二零二零年的12.6%，且該業務部門佔本集團的總收入約75.0%。光學零件事業的毛利率約42.8% （二零一九年：約45.2%） ，光電產品事業的毛利

158、率約12.6%（二零一九年：約9.3%） 及光學儀器事業的毛利率約39.2% （二零一九年：約41.3%） 。銷售及分銷開支截至二零二零年十二月三十一日止年度，本集團的銷售及分銷開支較去年增加約人民幣34,900,000元，達至約人民幣313,500,000元，於年內佔本集團收入約0.8%，去年佔比約0.7%。有關絕對金額的增加主要是由於銷售員工人數及薪資的上升。研發開支截至二零二零年十二月三十一日止年度，本 集 團 的 研 發 開 支 較 去 年 增 加 約 人 民 幣289,800,000元，達至約人民幣2,499,100,000元，於年內佔本集團收入約6.6%，去年佔比約5.9%。總體研

159、發開支的增加是由於本集團持續投入於現有產品的升級以及新興業務相關產品的研發。舜宇光學科技 （集團） 有限公司 2020 年報 23Management Discussion and Analysis管理層討論與分析Administrative ExpensesThe administrative expenses of the Group for the year ended 31 December 2020 increased by approximately RMB68.2 million compared to that of last year to approximately RMB

160、718.6 million. It accounted for approximately 1.9% of the Groups revenue during the year, compared to approximately 1.7% of last year. The increase in absolute amount was primarily attributable to the increase in the headcount and remuneration of administrative staff, the grant of restricted shares

161、and the construction of informatisation.Income Tax ExpenseThe income tax expense of the Group for the year ended 31 December 2020 increased by approximately RMB171.7 million compared to that of last year to approximately RMB702.6 million. The increase in absolute amount was mainly attributable to th

162、e increase in profit before tax. The Groups effective tax rate was approximately 12.5% during the year, compared to approximately 11.7% of last year.The tax rates applicable to the Groups subsidiaries in the PRC are shown as follows:Name of subsidiariesType of subsidiaries20022附屬公司名稱附屬公司類

163、型二零一九年二零二零年二零二一年二零二二年(Expected)（預期）(Expected)（預期）+*Zhejiang Sunny Optics Co., Ltd. (“Sunny Zhejiang Optics”)Limited liability company (Taiwan, Hong Kong or Macau joint venture)+*浙江舜宇光學有限公司 （ 舜宇浙江光學 ）有限責任公司 （台港澳合資）15.0%15.0%15.0%15.0%+*Ningbo Sunny Instruments Co., Ltd. (“Sunny Instruments”)Limited l

164、iability company (Taiwan, Hong Kong or Macau joint venture)+*寧波舜宇儀器有限公司 （ 舜宇儀器 ）有限責任公司 （台港澳合資）15.0%15.0%15.0%15.0%行政開支截至二零二零年十二月三十一日止年度，本集團的行政開支較去年增加約人民幣68,200,000元，達至約人民幣718,600,000元，於年內佔本集團收入約1.9%，去年佔比約1.7%。有關絕對金額的增加主要是由於行政員工人數及薪資的上升，限制性股份的授出及信息化建設。所得稅開支截至二零二零年十二月三十一日止年度，本集團的所得稅開支較去年增加約人民幣171,700,

165、000元，達至約人民幣702,600,000元。有關絕對金額的增加主要是由於除稅前溢利增加。於年內，本集團的有效稅率約12.5%，去年則約11.7%。下表顯示本集團各中國附屬公司的適用稅率：Sunny Optical Technology (Group) Company Limited ANNUAL REPORT 202024Management Discussion and Analysis管理層討論與分析Name of subsidiariesType of subsidiaries20022附屬公司名稱附屬公司類型二零一九年二零二零年二零二一年二零二二年(Expec

166、ted)（預期）(Expected)（預期）+*Sunny Optics (Zhongshan) Co., Ltd. (“Sunny Zhongshan Optics”)Limited liability company (Taiwan, Hong Kong or Macau and domestic joint venture)+*舜宇光學 （中山） 有限公司 （ 舜宇中山光學 ）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”)Limited liability co

167、mpany (Taiwan, Hong Kong or Macau and domestic joint venture)+*寧波舜宇光電信息有限公司 （ 舜宇光電 ）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., Ltd. (“Sunny Infrared Optics”)Limited liability company (investment by foreign investment company)+*寧波舜宇紅外技術有限公司 （ 舜宇紅外光學 ）有限責任公司 （外商投資企業

168、投資）15.0%15.0%15.0%15.0%+*Ningbo Sunny Automotive Optech Co., Ltd. (“Sunny Automotive Optech”)Limited liability company (legal person sole investment by foreign investment company)+*寧波舜宇車載光學技術有限公司 （ 舜宇車載光學 ）有限責任公司 （外商投資企業法人獨資）15.0%15.0%15.0%15.0%+*Xinyang Sunny Optics Co., Ltd. (“Sunny Xinyang Optics

169、”)Limited liability company (investment by foreign investment company)+*信陽舜宇光學有限公司 （ 舜宇信陽光學 ）有限責任公司 （外商投資企業投資）15.0%15.0%15.0%15.0%+*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

170、宇智能光學 （餘姚） ）有限責任公司 （法人獨資）15.0%15.0%15.0%15.0%舜宇光學科技 （集團） 有限公司 2020 年報 25Management Discussion and Analysis管理層討論與分析Name of subsidiariesType of subsidiaries20022附屬公司名稱附屬公司類型二零一九年二零二零年二零二一年二零二二年(Expected)（預期）(Expected)（預期）Shanghai Sunny Yangming Precision Optics Co., Ltd. (“Sunny Shanghai Op

171、tics”)Limited liability company (legal person sole investment by foreign investment company)上海舜宇陽明精密光學有限公司 （ 舜宇上海光學 ）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”)Limited liability company (legal person sole investment)寧波舜宇智能科技有限

172、公司 （ 舜宇智能科技 ）有限責任公司 （法人獨資）25.0%25.0%25.0%25.0%Sunny Group Company Limited (“Sunny Group”)Limited liability company (legal person sole investment by foreign investment company)舜宇集團有限公司 （ 舜宇集團 ）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 Co., Ltd. (“Sunny Opti

173、cal Intelligence”)Limited liability company浙江舜宇智能光學技術有限公司 （ 舜宇智能光學 ）有限責任公司12.5%12.5%12.5%25.0%+*Sunny Optical (Zhejiang) Research Institute Co., Ltd. (“Sunny Research Institute”)Limited liability company (legal person sole investment)+*舜宇光學 （浙江） 研究院有限公司 （ 舜宇研究院 ）有限責任公司 （法人獨資）25.0%15.0%15.0%15.0%!Nin

174、gbo Mei Shan Bao Shui Gang Qu Sunxin Investment Partnership (Limited Partnership) (“Ningbo Sunxin Investment”)Limited partnership company!寧波梅山保稅港區舜鑫投資管理 合夥企業 （有限合夥） （ 寧波舜鑫投資 ）有限合夥企業N/A不適用N/A不適用N/A不適用N/A不適用Sunny Optical Technology (Group) Company Limited ANNUAL REPORT 202026Management Discussion and

175、Analysis管理層討論與分析Name of subsidiariesType of subsidiaries20022附屬公司名稱附屬公司類型二零一九年二零二零年二零二一年二零二二年(Expected)（預期）(Expected)（預期）Ningbo Mei Shan Bao Shui Gang Qu Sunyi Investment Co., Ltd. (“Ningbo Sunyi Investment”)Limited liability company寧波梅山保稅港區舜翌投資管理有限公司 （ 寧波舜翌投資 ）有限責任公司25.0%25.0%25.0%25.0%Y

176、uyao City Sunny Huitong Microcredit Co., Ltd. (“Sunny Huitong”)Limited liability company (legal person sole investment)餘姚市舜宇匯通小額貸款有限公司 （ 舜宇匯通 ）有限責任公司 （法人獨資）25.0%25.0%25.0%25.0%Ningbo Sunny OmniLight Technology Co., Ltd. (“Sunny OmniLight Technology”)Limited liability company (legal person sole inves

177、tment)寧波舜宇奧來技術有限公司 （ 舜宇奧來技術 ）有限責任公司 （法人獨資）25.0%25.0%25.0%25.0%Sunny Mobility Technologies (Ningbo) Co., Ltd. (“Sunny Mobility”)Limited liability company (legal person sole investment)寧波舜宇智行傳感技術有限公司 （ 舜宇智行傳感 ）有限責任公司 （法人獨資）25.0%25.0%25.0%25.0%+*Zhejiang Sunny SmartLead Technologies Co., Ltd. (“Sunny S

178、martLead”)Limited liability company (legal person sole investment)+*浙江舜宇智領技術有限公司 （ 舜宇智領技術 ）有限責任公司 （法人獨資）25.0%15.0%15.0%15.0%Shanghai Wissen Automotive Sensing Technology Co., Ltd. (“Shanghai Wissen”)Limited liability company (legal person sole investment)上海為森車載傳感技術有限公司 （ 上海為森 ）有限責任公司 （法人獨資）25.0%25.0

179、%25.0%25.0%舜宇光學科技 （集團） 有限公司 2020 年報 27Management Discussion and Analysis管理層討論與分析* 該等公司於結算日前被認定為高新技術企業。+ 該等公司已獲得高新技術企業證明，有效期至二零二零年十二月三十一日、二零二一年十二月三十一日或二零二二年十二月三十一日。 該公司於結算日前被認定為軟件企業，享受企業所得稅首兩年豁免及隨後三年減半豁免的優惠政策。！ 該公司為有限合夥企業，由合夥人自行承擔所得稅。 於年內，該公司註冊名稱已從寧波為森智能傳感技術有限公司改為浙江舜宇智領技術有限公司。# 該等公司於本年度內成立或被收購。Name o

180、f subsidiariesType of subsidiaries20022附屬公司名稱附屬公司類型二零一九年二零二零年二零二一年二零二二年(Expected)（預期）(Expected)（預期）#Ningbo Yuanheng Supply Chain Management Co., Ltd. (“Ningbo Yuanheng”)Limited liability company (legal person sole investment)#寧波元恒供應鏈管理有限公司 （ 寧波元恒 ）有限責任公司 （法人獨資）N/A不適用25.0%25.0%25.0%* The c

181、ompanies were recognised as Hi-Tech Enterprises prior to the balance sheet date.+ The companies have obtained Hi-Tech Enterprise Certification with the expiry dates on 31 December 2020, 31 December 2021 or 31 December 2022. The company was recognised as a Software Company prior to the balance sheet

182、date, and is entitled to the preferential policies of full exemption from enterprise income tax for the first two years and 50% reduction for the subsequent three years.！ The partners of the company shall be liable for the income tax on their own as it is a limited partnership company. The companys

183、registered name has been changed from Ningbo Wissen Intelligent Sensing Technology Co., Ltd. to Zhejiang Sunny SmartLead Technologies Co., Ltd. during the year.# The company was established or acquired during the year.Sunny Optical Technology (Group) Company Limited ANNUAL REPORT 202028Management Di

184、scussion and Analysis管理層討論與分析Profit for the Year and Net Profit MarginThe profit for the year of the Group for the year ended 31 December 2020 was approximately RMB4,940.3 million, representing an increase of approximately 22.9% compared to that of last year. The increase in profit for the year was

185、mainly attributable to the increase in gross profit. The net profit margin was approximately 13.0% (2019: approximately 10.6%).Profit for the Year Attributable to Owners of the Company and Earnings per ShareThe profit for the year attributable to owners of the Company for the year ended 31 December

186、2020 was approximately RMB4,871.8 million, representing an increase of approximately 22.1% compared to that of last year. The basic earnings per share for the year ended 31 December 2020 was approximately RMB445.78 cents, representing an increase of approximately 22.2% compared to that of last year.

187、LIQUIDITY AND FINANCIAL RESOURCESCash FlowsThe table below summarises the Groups cash flows for the years ended 31 December 2020 and 31 December 2019:For the year ended 31 December截至十二月三十一日止年度20202019二零二零年二零一九年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7,160.04,66

188、1.6Net cash used in investing activities 投資活動所用現金淨額(5,976.2)(3,555.8)Net cash used in financing activities 融資活動所用現金淨額(222.3)(1,441.4)年內溢利及淨利率截至二零二零年十二月三十一日止年度，本集團的年內溢利約人民幣4,940,300,000元，較去年增加約22.9%。年內溢利增加主要是因為毛利增加。淨利率則約13.0% （二零一九年：約10.6%） 。本公司股東應佔年內溢利及每股盈利截至二零二零年十二月三十一日止年度，本公司股東應佔年內溢利約人民幣4,871,800,

189、000元，較去年增加約22.1%。截至二零二零年十二月三十一日止年度，每股基本盈利約人民幣445.78分，較去年增加約22.2%。流動資金及財政來源現金流量下表載列本集團截至二零二零年十二月三十一日及二零一九年十二月三十一日止年度的現金流量概要：舜宇光學科技 （集團） 有限公司 2020 年報 29Management Discussion and Analysis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、銀行借貸及債務融資以應付短期內的營運資金及其他資本開支需求。長遠而言，本集團主要會以經營活動所得之現金淨額以及額外銀

190、行借貸、債務融資或股權融資 （如有需要） 所得資金經營。截至二零二零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。於二零二零年十二月三十一日，本集團的流動資產約為人民幣25,629,500,000元 （二零一九年十二月三十一日：約人民幣22,446,000,000元 ）， 包 括 銀 行 結 餘 及 現 金 約 人 民 幣2,841,800,000元 （二零一九年十二月三十一日：約人民幣1,917,200,000元） ；及流動負債約為人民幣13,411,100,000元 （二零一九年十二月三十一日：約人民幣12,630,400,000元） 。本集團的流動比率為1.9倍 （二零一九

191、年十二月三十一日：1.8倍） 。本集團於二零二零年十二月三十一日的總資產約為人民幣35,438,100,000元，較二零一九年十二月三十一日增加約15.5%。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、員工成本、銷售和分銷開支、研發開支及行政開支。截至二零二零年十二月三十一日止年度的經營活動所得現金淨額約人民幣7,160,000,000元，而截至二零一九年十二月三十一日止年度的經營活動所得現金淨額則約人民幣4,661,600,000元。經營活動所得現金淨額增加主要是由於除稅前溢利增加。貿易應收款項周轉日數 （期初和期末貿易應收款項平均餘額

192、收入365日） 由截至二零一九年十二月三十一日止年度的約65日上升至截至二零二零年十二月三十一日止年度的約73日。本集團給予其貿易客戶平均90天的信貸期。貿易應收款項周轉日數增加主要是因為年內較長賬期客戶的收入增長較快。The Group derives its working capital mainly from cash on hand and net cash from operating activities. The Board expects that the Group will rely on net cash from operating activities, bank

193、borrowings and debt financing to meet the demand of working capital and other capital expenditure requirements in the short run. 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

194、. There were no material changes in the funding and financial policy of the Group for the year ended 31 December 2020.As at 31 December 2020, the Group had current assets of approximately RMB25,629.5 million (31 December 2019: approximately RMB22,446.0 million), comprising bank balances and cash of

195、approximately RMB2,841.8 million (31 December 2019: approximately RMB1,917.2 million); and current liabilities of approximately RMB13,411.1 million (31 December 2019: approximately RMB12,630.4 million). The Groups current ratio was 1.9 times (31 December 2019: 1.8 times). The Groups total assets as

196、at 31 December 2020 was approximately RMB35,438.1 million, represented an increase by approximately 15.5% compared to that as at 31 December 2019.Operating ActivitiesCash inflow from operating activities was mainly generated from cash receipt from sales of the Groups products. Cash outflow from oper

197、ating activities was mainly used for the purchases of raw materials, staff costs, selling and distribution expenses, R&D expenditure and administrative expenses. Net cash from operating activities was approximately RMB7,160.0 million for the year ended 31 December 2020 and net cash from operating ac

198、tivities was approximately RMB4,661.6 million for the year ended 31 December 2019. The increase in the net cash from operating activities was mainly attributable to the increase in profit before tax.The trade receivables turnover days (average of the opening and closing trade receivables balances/re

199、venue 365 days) increased from approximately 65 days for the year ended 31 December 2019 to approximately 73 days for the year ended 31 December 2020. The Group allows a credit period of average 90 days to the trade customers. The increase in trade receivables turnover days was mainly attributable t

200、o the revenue from those customers with longer credit terms grew faster during the year.Sunny Optical Technology (Group) Company Limited ANNUAL REPORT 202030Management Discussion and Analysis管理層討論與分析The trade payables turnover days (average of the opening and closing trade payable balances/cost of s

201、ales 365 days) increased from approximately 82 days for the year ended 31 December 2019 to approximately 98 days for the year ended 31 December 2020. The increase in the trade payables turnover days was mainly attributable to the continuous strengthening of supply chain managements and strategic sto

202、cking by the Group.The inventory turnover days (average of the opening and closing inventory balances/cost of sales 365 days) increased from approximately 50 days for the year ended 31 December 2019 to approximately 68 days for the year ended 31 December 2020. The increase in inventory turnover days

203、 was mainly attributable to the strategic stocking by the Group.Investing ActivitiesThe Group recorded a net cash used in investing activities of approximately RMB5,976.2 million for the year ended 31 December 2020, which was mainly attributable to purchases and release of unlisted financial product

204、s of approximately RMB59,212.3 million and approximately RMB56,304.0 million during the year ended 31 December 2020 respectively, and the Groups capital expenditure amounted to approximately RMB2,798.4 million during the year.Financing ActivitiesThe Group recorded a net cash used in financing activi

205、ties of approximately RMB222.3 million for the year ended 31 December 2020. The cash inflow mainly came from proceeds from new bank borrowings raised of approximately RMB3,810.4 million. Major outflows were the repayment of bank borrowings of approximately RMB2,793.7 million, dividends paid to share

206、holders of approximately RMB796.5 million, interest paid of approximately RMB224.4 million and purchase of shares under share award scheme of approximately RMB151.4 million.Capital ExpenditureFor the year ended 31 December 2020, the Groups capital expenditure amounted to approximately RMB2,798.4 mil

207、lion, which was mainly used for the purchases of property, plant and equipment, payments for leasehold lands, payment for intangible assets and purchase of other tangible assets. All of the capital expenditure was financed by internal resources and bank borrowings.貿易應付款項周轉日數 （期初和期末貿易應付款項平均餘額銷售成本365日

208、） 由截至二零一九年十二月三十一日止年度的約82日上升至截至二零二零年十二月三十一日止年度的約98日。貿易應付款項周轉日數增加主要是因為本集團持續加強了供應鏈管理，並進行了戰略性備貨。存貨周轉日數 （期初和期末存貨平均餘額 銷售成本365日） 由截至二零一九年十二月三十一日止年度的約50日上升至截至二零二零年十二月三十一日止年度的約68日。存貨周轉日數增加主要是因為本集團進行了戰略性備貨。投資活動本集團於截至二零二零年十二月三十一日止年度的投資活動所用現金淨額約人民幣5,976,200,000元，這主要是由於在截至二零二零年十二月三十一日止年內分別收購及解除非上市金融產品約人民幣59,212,

209、300,000元及約人民幣56,304,000,000元和本集團於年內的資本開支約人民幣2,798,400,000元。融資活動本集團於截至二零二零年十二月三十一日止年度的融資活動所用現金淨額約人民幣222,300,000元，流入現金主要來自新增的銀行借貸約人民幣3,810,400,000元，而主要流出則是償還銀行借貸約人民幣2,793,700,000元、向股東派付股息約人民幣796,500,000元、已付利息約人民幣224,400,000元及根據股份獎勵計劃購買股份約人民幣151,400,000元。資本開支截至二零二零年十二月三十一日止年度，本集團的資本開支約人民幣2,798,400,000元

210、，主要用作購置物業、機器及設備、租賃土地付款、無形資產付款和購置其他有形資產。所有資本開支均以內部資源及銀行借貸撥付。舜宇光學科技 （集團） 有限公司 2020 年報 31Management Discussion and Analysis管理層討論與分析CAPITAL STRUCTUREIndebtednessBank borrowingsBank borrowings of the Group as at 31 December 2020 amounted to approximately RMB2,070.6 million (2019: approximately RMB1,118.6

211、 million). No bank borrowings were secured by certain buildings and land of the Group as at 31 December 2020 and 2019.Bank facilitiesAs at 31 December 2020, the Group had bank facilities of RMB2,777.0 million with Yuyao Sub-branch of Agricultural Bank of China Limited, RMB1,300.0 million with Ningbo

212、 Branch of The Export-Import Bank of China, RMB875.0 million with Yuyao Branch of Bank of China Limited, RMB600.0 million with Yuyao Sub-branch of Ningbo Bank Co., Ltd., RMB380.0 million with Yuyao Sub-branch of Bank of Communications Co., Ltd., RMB80.0 million with Ningbo Branch of Huaxia Bank Co.,

213、 Ltd., RMB70.0 million with Xinyang Pingzhong Street Sub-branch of Industrial and Commercial Bank of China Limited, USD90.0 million with BNP Paribas Hong Kong Branch, USD30.0 million with BNP Paribas Shanghai Branch, USD60.0 million with The Hongkong and Shanghai Banking Corporation Limited Hong Kon

214、g Branch, USD30.0 million with Ningbo Branch of HSBC Bank (China) Co., Ltd., USD60.0 million with Crdit Agricole Corporate and Investment Bank Hong Kong Branch, USD20.0 million with Crdit Agricole Corporate and Investment Bank Shanghai Branch, USD75.0 million with Bank of China (Hong Kong) Limited,

215、USD50.0 million with Standard Chartered (Hong Kong) Limited and USD20.0 million with Standard Chartered Bank.資本結構債務銀行借貸於二零二零年十二月三十一日，本集團的銀行借貸約人民幣2,070,600,000元 （二零一九年：約人民幣1,118,600,000元） 。於二零二零年及二零一九年十二月三十一日，本集團並未就銀行借貸而抵押若干樓宇及土地。銀行授信於二零二零年十二月三十一日，本集團於中國農業銀行股份有限公司餘姚支行的銀行授信為人民幣2,777,000,000元，於中國進出口銀行寧

216、波分行的銀行授信為人民幣1,300,000,000元，於中國銀行股份有限公司餘姚分行的銀行授信為人民幣875,000,000元，於寧波銀行股份有限公司餘姚支行的銀行授信為人民幣600,000,000元，於交通銀行股份有限公司餘姚支行的銀行授信為人民幣380,000,000元，於華夏銀行股份有限公司寧波分行的銀行授信為人民幣80,000,000元，於中國工商銀行股份有限公司信陽平中大街支行的銀行授信為人民幣70,000,000元，於法國巴黎銀行香港分行的銀行授信為90,000,000美元，於法國巴黎銀行上海分行的銀行授信為30,000,000美元，於香港上海滙豐銀行有限公司香港分行的銀行授信為6

217、0,000,000美元，於滙豐銀行 （中國） 有限公司寧波分行的銀行授信為30,000,000美元，於法國東方匯理銀行香港分行的銀行授信為60,000,000美元，於法國東方匯理銀行上海分行的銀行授信為20,000,000美元，於中國銀行 （香港） 有限公司的銀行授信為75,000,000美元，於渣打銀行 （香港） 有限公司的銀行授信為50,000,000美元及於渣打銀行的銀行授信為20,000,000美元。Sunny Optical Technology (Group) Company Limited ANNUAL REPORT 202032Management Discussion and

218、 Analysis管理層討論與分析Debt securitiesAs at 31 December 2020, debt securities of the Group amounted to approximately RMB3,895.9 million (2019: approximately RMB4,156.1 million). For details of bonds payable, please refer to Note 33 to the consolidated financial statements.The Groups gearing ratio of appro

219、ximately 16.8% refers to the ratio of total borrowings to total capital (total capital being the sum of total liabilities and shareholders equity), reflecting the Groups financial position at a sound level.Contingent liabilitiesAs at 31 December 2020, the Group did not have any material contingent l

220、iabilities or guarantees.Financing and fiscal policies and objectivesThe Group adopts prudent financing and fiscal policies. The Group will seek bank borrowings and debt financing when its operating demand grows, and will regularly review its bank borrowings and debt securities to achieve a sound fi

221、nancial position.PLEDGE OF ASSETSThe Group did not have any pledge or charge on assets as at 31 December 2020, except for the pledged bank deposits of approximately RMB3.4 million. For details of the pledged bank deposits, please refer to Note 26 to the consolidated financial statements.COMMITMENTSA

222、s at 31 December 2020, the capital expenditure of the Group in respect of acquisition of property, plant and equipment contracted for but not provided in the consolidated financial statements amounted to approximately RMB355.6 million (2019: approximately RMB953.2 million).As at 31 December 2020, th

223、e Group had no other capital commitments save as disclosed above.債務證券於二零二零年十二月三十一日，本集團的債務證券約人民幣3,895,900,000元 （二零一九年：約人民幣4,156,100,000元） ，有關應付債券之詳情，請參閱綜合財務報表附註33。本集團的負債比率約16.8%，指總借款佔總資本的比率 （總資本為總負債與股東權益之和） ，反映出本集團財務狀況處於穩健的水平。或然負債於二零二零年十二月三十一日，本集團並無任何重大或然負債或擔保。融資及財政政策和目標本集團採納謹慎的融資及財政政策。本集團將於運營需求增長時尋求

224、銀行借貸及債務融資，並定期審查其銀行借貸及債務證券情況以達致一個穩健的財務狀況。資產抵押於二零二零年十二月三十一日，除已抵押銀行存款約人民幣3,400,000元外，本集團並無任何資產抵押或押記。有關已抵押銀行存款之詳情，請參閱綜合財務報表附註26。承擔於二零二零年十二月三十一日，本集團就收購物業、機器及設備有已訂約但未於綜合財務報表提供的資本開支約人民幣355,600,000元 （二零一九年：約人民幣953,200,000元） 。於二零二零年十二月三十一日，除上述披露外，本集團並無任何其他資本承擔。舜宇光學科技 （集團） 有限公司 2020 年報 33Management Discussion

225、 and Analysis管理層討論與分析OFF-BALANCE SHEET TRANSACTIONSAs at 31 December 2020, the Group did not enter into any material off-balance sheet transactions.PERFORMANCE OF INVESTMENTS AND FUTURE INVESTMENTS PLANThe Groups investing activities primarily include the purchases and release of unlisted financial

226、products, placement and withdrawal of short term fixed deposits and purchases of property, plant and equipment. In particular, the purchase and disposal of financial assets at fair value through profit or loss include debt investments, equity investments, fund investments and unlisted financial prod

227、ucts. Among them, the fund investments are managed by relevant financial institutions, mainly investing in debt securities linked to the performance of related senior debts; unlisted financial products are managed by relevant banks in China, mainly investing in certain financial assets such as bonds

228、, trusts and cash funds, and their investment incomes are determined based on the performance of relevant government debt instruments and treasury bills.Significant InvestmentsAs at 31 December 2020, the Group maintained a portfolio of unlisted financial products with the total carrying amount of ap

229、proximately RMB8,197.5 million (31 December 2019: approximately RMB5,289.2 million), of which approximately RMB4,479.3 million has been released on or before 17 March 2021. As at 31 December 2020, the size of the unlisted financial products subscribed by the Group in aggregate represented approximat

230、ely 23.1% of the Groups total assets (31 December 2019: approximately 17.2%). The investment costs for the unlisted financial products subscribed as at 31 December 2020 was approximately RMB8,197.5 million (31 December 2019: approximately RMB5,289.2 million). For the year ended 31 December 2020, the

231、 amount of investment income from the unlisted financial products was approximately RMB215.0 million (2019: approximately RMB189.8 million).資產負債表以外交易於二零二零年十二月三十一日，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本集團的投資活動主要包括收購及解除非上市金融產品、存放及提取短期定期存款及購置物業、機器及設備。尤其是收購及出售按公允值計入損益的金融資產包括：債務投資、股權投資、基金投資及非上市金融產品。其中，基金投資由相

232、關金融機構管理，主要投資於和相關優先債表現掛鈎的債務證券；非上市金融產品由中國的相關銀行管理，主要投資於債券、信託及現金基金等若干金融資產，其投資收益則根據相關政府債務工具及國庫券的表現釐定。重大投資於二零二零年十二月三十一日，本集團維持一項非上市金融產品的組合，總賬面值約人民幣8,197,500,000元 （二零一九年十二月三十一日：約人民幣5,289,200,000元） ，其中約人民幣4,479,300,000元已於二零二一年三月十七日或之前解除。於二零二零年十二月三十一日，本集團認購的非上市金融產品的總規模約佔本集團總資產的23.1% （二零一九年十二月三十一日：約17.2%） 。於二零

233、二零年十二月三十一日，認購的非上市金融產品的投資成本約人民幣8,197,500,000元 （二零一九年十二月三十一日：約人民幣5,289,200,000元） 。截至二零二零年十二月三十一日止年度，來自非上市金融產品的投資收益金額約人民幣215,000,000元 （二零一九年：約人民幣189,800,000元） 。Sunny Optical Technology (Group) Company Limited ANNUAL REPORT 202034Management Discussion and Analysis管理層討論與分析The following table sets forth a

234、 breakdown of the major unlisted financial products subscribed by the Group as at 31 December 2020 (in descending order):Name of the unlisted financial products非上市金融產品名稱Name of banks銀行名稱Investment costs投資成本Fair value of the unlisted financial products as at 31 December 2020於二零二零年十二月三十一日非上市金融產品的公允值Pe

235、rcentage of fair value of the unlisted financial products relative to the total assets of the Group as at31 December 2020於二零二零年十二月三十一日非上市金融產品的公允值佔本集團總資產的百分比RMB000RMB000人民幣千元人民幣千元“Tian Li Kuai Xian” net-asset-value type wealth management product Industrial Bank Co., Ltd.添利快線 淨值型理財產品興業銀行股份有限公司1,200,00

236、01,200,0003.4%“Jin Yao Shi An Xin Kuai Xian” Tian Tian Li Gun Li Second Phase Open-ended RMB wealth management product Agricultural Bank of China Limited金鑰匙安心快線 天天利滾利第2期開放式人民幣理財產品中國農業銀行股份有限公司858,960858,9602.4%Bank of Ningbo NingXin fixed income close-ended wealth management No.39Bank of Ningbo Co.,

237、Ltd.寧銀理財寧欣固定收益類封閉式理財39號寧波銀行股份有限公司500,000500,0001.4%2020 Close-ended private net-asset-value type No. 263Bank of Ningbo Co., Ltd.2020封閉式私募淨值型263號寧波銀行股份有限公司500,000500,0001.4%2020 Close-ended private net-asset-value type No. 155 Bank of Ningbo Co., Ltd.2020封閉式私募淨值型155號寧波銀行股份有限公司500,000500,0001.4%Flexib

238、le period wealth management No.3 Bank of Ningbo Co., Ltd.可選期限理財3號寧波銀行股份有限公司480,000480,0001.4%2020 Close-ended private net-asset-value type No. 258 Bank of Ningbo Co., Ltd.2020封閉式私募淨值型258號寧波銀行股份有限公司400,000400,0001.1%Others (Note)其他 （附註）3,758,5153,758,51510.6%Total總計8,197,4758,197,47523.1%Note: Other

239、unlisted financial products included 32 unlisted financial products with 5 different banks to lower the concentration risk. The fair value of such 32 unlisted financial products as at 31 December 2020 was approximately RMB117.5 million in average.下表載列本集團於二零二零年十二月三十一日認購的主要非上市金融產品明細 （降序排列） ：附註： 其他非上市金

240、融產品包括與五家不同銀行的32項其他非上市金融產品，以降低集中風險。該32項非上市金融產品於二零二零年十二月三十一日的公允值平均為約人民幣117,500,000元。舜宇光學科技 （集團） 有限公司 2020 年報 35Management Discussion and Analysis管理層討論與分析In the opinion of the Directors, the fair value change of the unlisted financial products was insignificant during the year of 2020.The Board conside

241、rs that the terms of such unlisted financial products are on normal commercial terms, fair and reasonable and in the interests of the Company and its shareholders as a whole.Such investment activities were funded primarily by the idle self-owned funds of the Group. Going forward, the Group will cont

242、inue to diversify its investments among different banks to lower the concentration risk and will closely monitor the performance of investments made and future investments plan in accordance with its prudent policy to utilise and to increase the yield of the idle funds of the Group while maintaining

243、 a high level of liquidity and a low level of risk. Such investment activities were made and will be made on the premises that it would not adversely affect the working capital of the Group or the operation of the Groups principal business.For the year ended 31 December 2020, the Groups investments

244、amounted to approximately RMB2,798.4 million, mainly involved in the purchases of property, plant and equipment, the initial production settings for new products, payments for leasehold lands and the necessary equipment configurations for new projects. These investments enhanced the Groups R&D and t

245、echnological application capability and production efficiency, and thus expanded the sources of revenue.The Group adopts prudent financial policies, having its investment projects mostly capital-protected with fixed income, so as to strive for a stable and healthy financial position while improving

246、returns. The Group will consider using financial instruments for hedging purposes if necessary and will continue to fund its future investment from its own financial resources.Looking forward, the Group intends to further invest to enhance its competitiveness.董事認為，於二零二零年年內，非上市金融產品的公允值變動並不重大。董事會認為，該等

247、非上市金融產品的條款符合正常商業條款，屬公平合理及符合本公司及股東的整體利益。該等投資活動主要由本集團的閒置自有資金撥付。展望未來，本集團將繼續令其於不同銀行的投資多元化，以降低集中風險，並將密切監察根據其審慎政策所作投資及未來投資計劃之表現，以動用及增加本集團閒置資金收益，同時，維持高水平流動資金及低水平風險。該等投資活動進行及將進行的前提為其不會對本集團營運資金或本集團主要業務營運產生不利影響。截至二零二零年十二月三十一日止年度，本集團投資約人民幣2,798,400,000元，主要用作購置物業、機器及設備、新產品之產能初始化設置、租賃土地付款和新項目的必要設備配置。該等投資增強了本集團的研

248、發及技術應用能力與生產效率，並拓寬了收入來源。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，同時提高回報。本集團將考慮使用金融工具作對沖用途 （如有需要） ，並將繼續以其本身的財務資源為未來投資提供資金。展望未來，本集團擬進一步投資以加強競爭力。Sunny Optical Technology (Group) Company Limited ANNUAL REPORT 202036Management Discussion and Analysis管理層討論與分析QUANTITATIVE AND QUALITATIVE DISCLOSURE ABOUT M

249、ARKET RISKInterest Rate RiskThe Group is exposed to interest rate risks arising from its bank borrowings for working capital and capital expenditures that are associated with the expansion of the Group and utilisation for other purposes. The rising of interest rates increases the costs of both exist

250、ing and new debts. As at 31 December 2020, the effective interest rate on fixed-rate bank borrowings was approximately 2.96% per annum, while the effective interest rate of variable-rate bank borrowings was approximately 0.85% to 1.14% per annum.Foreign Exchange Rate Fluctuation RiskThe Group export

251、s a portion of its products to and purchases a considerable amount of products from international markets where transactions are denominated in USD or other foreign currencies. For details of the Groups foreign currency forward contracts and foreign currency options contracts, please refer to Note 2

252、7 to the consolidated financial statements. Except for certain investments which are in line with the Groups business and are denominated in foreign currencies, the Group does not and has no plan to make any foreign currency investment.Credit RiskThe Groups financial assets include derivative financ

253、ial assets, bank balances and cash, pledged bank deposits, short term fixed deposits, time deposits, financial assets at fair value through profit or loss, trade and other receivables, equity instruments that are included in other comprehensive income at fair value and debt instruments measured at a

254、mortised cost, which represent the Groups maximum exposure to credit risk in relation to financial assets.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他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。於二零二零年十二月三十一日，固定利息銀行借貸的實際年利率約2.96%，而可變利息銀行借貸的實際年利率約0.85%至1.14%。匯率波動風險本集團部分產品會出口銷售至國際市場，同時也從國際市場購買大量產品，以上交易均以美元或其他外幣計值。有

255、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27。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、定期存款、按公允值計入損益的金融資產、貿易及其他應收款項、按公允值計入其他全面收益的權益工具及按攤銷成本計量的債務工具，為本集團所面對有關金融資產的最高信貸風險。舜宇光學科技 （集團） 有限公司 2020 年報 37Management Discussion and Analysis管理層討論與分析In order to minimise the credi

256、t risk in relation to trade receivables, the management has delegated a team responsible for the determination of credit limits, credit approvals and other monitoring procedures to ensure that appropriate follow-up actions are taken to recover overdue debts. The Group has also purchased insurances r

257、elating to trade receivables. In addition, the Group reviews the recoverable amount of each individual trade debt at the end of each reporting period to ensure that adequate impairment losses are made for irrecoverable amounts. Therefore, the Directors consider that the Groups credit risk is signifi

258、cantly reduced. The amounts presented in the consolidated statement of financial position are net of allowance for bad and doubtful debts, and are estimated by the management based on their previous experience, assessment of the current economic environment and the discounted cash flows to be receiv

259、ed in the 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 credit risk on liquidity is limited because a majority of the counterparties of the Group are banks with high credit-ratings giv

260、en by international credit-rating agencies.Cash Flow Interest Rate RiskThe Groups cash flow interest rate risk is primarily related to variable rates applicable to short term bank deposits and bank borrowings. The management will review the proportion of borrowings in fixed and floating rates and en

261、sure they are within reasonable range. 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 an adequate level of cash and cash equivalents through continuously monitoring fore

262、cast and actual cash flows and matching them with the maturity profiles of each individual financial assets and liabilities.為盡量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，以確保採取適當的跟進行動收回逾期債務。本集團亦已購買有關貿易應收款項的保險。此外，本集團於每個報告期期末檢討各項貿易債務的可收回金額，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。綜合財務狀況表所呈列金額已扣除呆壞

263、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及銀行借貸的可變利率有關。管理層將檢討固定及浮動利率的借貸比例並確保其處於合理範圍內。因此，日後任何利率變化均不會對本集團業績造成任何重大影響。流動資金風險本集團持續監察現金流量的預測及實際水平，並將其與各項金融資產與負債的到期狀況進行配對，以維持足夠水平的現金及現金等值項目，從而控制流動資金

264、風險。Sunny Optical Technology (Group) Company Limited ANNUAL REPORT 202038Management Discussion and Analysis管理層討論與分析FINAL DIVIDENDSFor the year ended 31 December 2020, the Board proposed a dividend of approximately RMB0.888 (equivalent to HK$1.057) per share, with payout ratio of approximately 20.0% o

265、f the profit for the year attributable to owners of the Company. The final dividends payable on 24 June 2021 is subject to the approval of the shareholders of the Company at the forthcoming annual general meeting (the “AGM”) to be held on 25 May 2021.DIVIDEND POLICYThe Directors consider sustainable

266、 returns to shareholders to be one of the main objectives. The basic policy is to pay final dividends in each financial year. Retained profits are effectively used by the Board to fund the future development of the Group.The Directors currently intend to recommend a distribution to all the sharehold

267、ers in an amount representing approximately 20% to 30% of the profit for the year attributable to owners of the Company in respect of each financial year by way of dividends. The recommendation for dividends is subject to the discretion of the Board. The Board takes into account the following factor

268、s when considering the declaration and payment of dividends: the Companys cash position and distributable reserves; the Groups overall business condition; the Groups financial results; the Groups capital requirements; the interests of the shareholders of the Company; applicable laws and regulations

269、and the Articles of Association; and any other factors which the Board may deem relevant.Any dividend declared will be in Hong Kong dollars with respect to Shares on a per share basis and the Company will pay such dividend in Hong Kong dollars. No dividend shall be declared in excess of the amount r

270、ecommended by the Board. Any final dividend for a fiscal year will be subject to the approval by the shareholders.末期股息截至二零二零年十二月三十一日止年度，董事會建議派發每股約人民幣0.888元 （相等於1.057港元） 的股息，支付比例約為本公司股東應佔年內溢利的20.0%。有關末期股息將於二零二一年六月二十四日支付，惟須於二零二一年五月二十五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。股息政策董事認為可持續的股東回報是主要目標之一。基本政策是在每個財政

271、年度支付末期股息。保留盈利由董事會有效用於為本集團未來發展提供資金。董事目前擬建議向全體股東分派相當於各個財政年度本公司股東應佔年內溢利約20%至30%的款項作為股息。建議股息須由董事會酌情決定。董事會在考慮宣派及派付股息時，會考慮以下因素： 本公司現金狀況及可分派儲備； 本集團的整體業務狀況； 本集團的財務業績； 本集團的資本需求； 本公司股東的利益； 相關法律與規例及章程細則；及 董事會可能認為相關的任何其他因素。任何股息將以港元就股份按每股基準宣派，且本公司將以港元派付有關股息。所宣派的股息不得超逾董事會建議的金額。各財政年度的任何末期股息須獲股東批准，方可作實。舜宇光學科技 （集團）

272、有限公司 2020 年報 39Management Discussion and Analysis管理層討論與分析CLOSURE OF REGISTER OF MEMBERSIn order to be eligible for attending the AGM, which is to be held on 25 May 2021, the register of members of the Company will be closed from 20 May 2021 to 25 May 2021, both days inclusive, during which no transf

273、er 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 Queens Road East, Wancha

274、i, Hong Kong for registration no later than 4:30 p.m. on 18 May 2021.In order to be eligible for receiving the dividends, the register of members of the Company will be closed from 1 June 2021 to 4 June 2021, both days inclusive, during which no transfer of shares will be registered. All transfer of

275、 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, Wanchai, Hong Kong for registration no later than 4:30

276、 p.m. on 31 May 2021.暫停辦理證券登記手續為符合資格出席於二零二一年五月二十五日舉行的股東週年大會，本公司將由二零二一年五月二十日至二零二一年五月二十五日 （包括首尾兩天） 暫停辦理股份過戶登記手續，期間將不會辦理任何股份過戶登記。所有股份過戶文件連同有關股票，必須於二零二一年五月十八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。為符合資格收取股息，本公司將由二零二一年六月一日至二零二一年六月四日 （包括首尾兩天） 暫停辦理股份過戶登記手續，期間將不會辦理任何股份過戶登記。所

277、有股份過戶文件連同有關股票，必須於二零二一年五月三十一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。Sunny Optical Technology (Group) Company Limited ANNUAL REPORT 202040Management Discussion and Analysis管理層討論與分析GLOBAL DEPLOYMENTProduction BasesThe Groups production bases in China are located in Yuya

278、o of Zhejiang Province, Zhongshan of Guangdong Province, Shanghai and Xinyang of Henan Province, respectively.In order to meet the clients rapidly growing demand in the overseas markets, the Group has established new production bases in India and Vietnam respectively. During the year under review, t

279、he production and operations of the two overseas production bases were affected by the outbreak of COVID-19, but the overall operations was running smoothly.R&D CentersIn order to have a timely insight into the industry opportunities and cater to the customers for rapid R&D, the Group has set up R&D

280、 centers in China, the U.S.A. and South Korea to provide technical support and reserves for the R&D of optical and optical-related products.全球化佈局生產基地本集團於中國的生產基地分別位於浙江省餘姚市、廣東省中山市、上海市及河南省信陽市。為了滿足客戶在海外市場快速增長的需求，本集團已分別於印度和越南設立新的生產基地。於回顧年內，海外兩大生產基地的生產運營因COVID-19的爆發而受影響，但總體運營順利。研發中心為及時洞察行業先機，配合客戶快速研發，本集團於

281、中國、美國及韓國均設有研發中心，為光學及光學相關產品的研發提供技術支持及儲備。U.S.A. 美國India印度South Korea南韓Production bases 生產基地 R&D centers 研發中心China中國Vietnam越南河南 Henan上海 Shanghai浙江 Zhejiang廣東 Guangdong舜宇光學科技 （集團） 有限公司 2020 年報 41Management Discussion and Analysis管理層討論與分析EMPLOYEE AND REMUNERATION POLICYThe Group had 24,374 full-time empl

282、oyees as at 31 December 2020. In line with the overall operation of the Company and the performance of individual employees, the Group has established a fair and competitive salary and welfare system to recruit new talents and to reward and retain existing talents, in which the salary package includ

283、ing annual basic salary, year-end bonus and the economic-value-added bonus, while the welfare package including social insurance, housing provident fund, employee holidays and emergency relief fund, thereby representing the Groups efforts to achieve the goals of “consistency in responsibilities and

284、interests, abilities and values, risks and returns, performance and income” in remuneration distribution.The Group has particularly adopted the Restricted Share Award Scheme (“Restricted Share Award Scheme”) since 2010, with a view to provide incentives and rewards to eligible participants to recogn

285、ise their contribution to the Group and to enhance their ownership spirits. For the year ended 31 December 2020, 1,458,591 shares were granted by the Group to eligible participants in accordance with the Restricted Share Award Scheme.僱員和薪酬政策於二零二零年十二月三十一日，本集團擁有24,374名全職僱員。為吸納新人才，激勵及挽留現有人才，本集團已根據本公司的整

286、體運營情況及僱員的個人表現，建立公平及具競爭力的薪酬及福利制度，其中薪酬包括基本年薪、年終獎及經濟增加值分享獎等，福利待遇包括社會保險、住房公積金、僱員假期、急難救助基金等，努力實現僱員在薪酬分配上 責任與利益一致、能力與價值一致、風險與回報一致、業績與收益一致 的目標。本集團自二零一零年起特別採納限制性股份獎勵計劃( 限制性股份獎勵計劃 )，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。截至二零二零年十二月三十一日止年度，本集團根據限制性股份獎勵計劃授出1,458,591股股份予合資格參與者。Sunny Optical Technology (Group) Comp

287、any Limited ANNUAL REPORT 202042Management Discussion and Analysis管理層討論與分析AWARDS AND HONORSDuring the year, the Group received numerous honors from customers, industrial associations and institutions, local governments and the capital market. These awards and honors were recorded as follows:Sunny Zh

288、ejiang Optics was awarded the “Best Quality Award” and “Pandemic War Delivery Partner Award” by Weifang Goertek Electronics Co., Ltd.Sunny Zhejiang Optics was awarded the “Best Delivery Award” by Vivo Mobile Communication Co., Ltd.Sunny Zhejiang Optics was awarded the “2020 Strategic Partner Award”

289、by Q Technology LimitedSunny Automotive Optech was awarded the “2019 Quality Operation Award” by Huizhou Desay SV Automotive Co., Ltd.Sunny Opotech was awarded the “Excellent Supplier Award in the third quarter” by OPPO MOBILES INDIA PRIVATE LIMITEDThe subsidiary in India of Sunny Opotech was awarde

290、d the “2020 Best Delivery Award” by OPPO MOBILES INDIA PRIVATE LIMITEDSunny Opotech was awarded the “Strategic Partner Award” by Shenzhen ZTE Kangxun Telecom Company Limited and Nubia Technology Co., Ltd.Sunny Optical Intelligence was awarded the “Excellent Supplier Award” by Ecovacs Robotics Co., L

291、td.Sunny Optical Intelligence was awarded the “Best Delivery Award” by Dreame Technology (Suzhou) Co., Ltd.獎項及榮譽於年內，本集團獲得了來自客戶、行業協會和機構、地方政府和資本市場的多項榮譽。這些獎項及榮譽記錄如下：舜宇浙江光學榮獲濰坊歌爾電子有限公司的最佳品質獎 及 交付戰 疫 夥伴獎舜宇浙江光學榮獲維沃移動通信有限公司的最佳交付獎舜宇浙江光學榮獲丘鈦微電子科技股份有限公司的 2020年度策略合作夥伴獎舜宇車載光學榮獲惠州市德賽西威汽車電子股份有限公司的 二零一九年度質量經營獎舜宇光電

292、榮獲OPPO MOBILES INDIA PRIVATE LIMITED的 第三季度優秀供應商獎舜宇光電印度子公司榮獲OPPO MOBILES INDIA PRIVATE LIMITED的 2020年度最佳交付獎舜宇光電榮獲深圳市中興康訊電子有限公司和努比亞技術有限公司的 戰略合作夥伴獎舜宇智能光學榮獲科沃斯機器人股份有限公司的 優秀供應商獎舜宇智能光學榮獲追覓科技 （蘇州） 有限公司的最佳交付獎舜宇光學科技 （集團） 有限公司 2020 年報 43Management Discussion and Analysis管理層討論與分析The Group was included in “Fort

293、une China Top 500 list” for the sixth consecutive years, ranked 259th, rising 70 places compared to 2019The Companys MSCI ESG ranking moved up from “BB” to “BBB”The Company was awarded the “The Most Remarkable Investor Relations Recognition (Hang Seng Index Category)” at “Quam IR Awards 2019”The Com

294、pany ranked 1st in the “Best Investor Relations Program” for the fifth consecutive year, ranked top three in the “Best CEO”, “Best CFO”, “Best IR Professional”, “Best IR Team” and “Best ESG” and awarded the title of “Most Honored Company” among all-Asia Technology/Hardware companies by the US magazi

295、ne, Institutional Investor.The Company was included in “Hang Seng China Enterprises Index” and “Hang Seng Corporate Sustainability Benchmark Index”The Company was awarded the “Best TMT Company” at the 5th “Golden Hong Kong Stocks Awards”本集團連續第六年入圍 財富 中國500強排行榜，位列第259位，較二零一九年上升70位本公司的MSCI ESG評級從 BB 提

296、高至BBB本公司於 華富卓越投資者關係大獎2019 評選活動中榮獲 投資者關係大獎 （恒生指數類別） 本公司連續第五年蟬聯美國 機構投資者 雜誌亞洲科技硬件類公司 最佳投資者關係公司 第一名，並榮登 最佳行政總裁 、 最佳財務總監 、 最佳投資者關係專才 、 最佳投資者關係團隊 及 最佳環境、社會及管治 的榜單，均位列前三甲，並榮獲 最受尊敬公司 的稱號。本公司被納入 恒生中國企業指數 和 恒生可持續發展企業基準指數本公司於第五屆 金港股 評選中榮獲 最佳TMT公司Sunny Optical Technology (Group) Company Limited ANNUAL REPORT 20

297、2044Management Discussion and Analysis管理層討論與分析OUTLOOK AND FUTURE STRATEGIESLooking forward to 2021, the global economic environment is still complex and severe, and companies are still under heavy pressure. However, the smartphone and vehicle industries will regain growth, and cutting-edge technolog

298、ies such as machine vision and AI will flourish. As such, the Directors are of the view that 2021 will continue to be a year of challenges and opportunities. The management of the Group will closely monitor the changes in development of the industry and market, to seize opportunities brought by tech

299、nological innovations. Leveraging on the transformation and upgrade of the business, the Group aims to continue to take its advantages of scale, technology, resources as well as talents, and implement all formulated development strategies thoroughly, in order to achieve the continuous and stable gro

300、wth of the Group.1. Further enhance the market competitiveness, strengthen and expand the existing advantageous businesses Devote in the R&D and usage of new technologies and new materials, speed up the iteration in development of new products and new specifications, challenge and take over the “van

301、tage point” of the industry; Commit to enhancing technological skills and their applications in manufacturing process; improving the first pass yield and product quality, realise speedy delivery with high quality; and Strive for lowering the product costs continuously, pay attention to the compositi

302、on of cost and cost control in every step from product design to delivery.2. Enhance refined management and continue to improve the quality of operationRefined management is required to organise activities such as development and design, engineering technology, manufacturing, material procurement an

303、d delivery. Through enhancing refined management, the Company can realise distinct division of duties and clear workflow under a common goal, and will eventually achieve high operating efficiency, cost-effective products and continuous improvement of operating quality.展望及未來策略展望二零二一年，全球經濟環境仍將複雜和嚴峻，企業

304、仍面臨重重壓力。然而，智能手機和汽車行業將重拾增長，機器視覺、AI等前沿技術更將蓬勃發展。因此，董事認為，二零二一年仍是挑戰與機遇並存的一年。本集團管理層將密切關注行業及市場的發展變化，把握科技創新所帶來的機遇，以業務轉型升級為契機，繼續發揮規模、技術、資源和人才等優勢，貫徹執行所制定的發展戰略，以實現本集團持續穩健的發展。1、 進一步提升市場競爭力，做強、做大現有優勢業務 致力於新技術、新材料的研發和使用，加快新產品、新規格的開發迭代，衝擊並佔領行業制高點； 致力於工藝技術的提升和在製造過程中的應用；提高直行率和產品品質，實現快速的高品質交付；及 致力於產品成本的持續下降，從產品設計到產品交

305、付的各個環節重視成本的組成和成本的控制。2、 深化精細化管理，持續提升經營質量開發設計、工程技術、製造、物料採購、交付等組織在管理上追求精細化。通過深化精細化管理，做到職責明確，流程清晰，目標一致，最終實現公司高效率的運營、高性價比的產品，持續提升經營品質。舜宇光學科技 （集團） 有限公司 2020 年報 45Management Discussion and Analysis管理層討論與分析3、 加強研發投入，加速新事業的培育和成長數字化、智能化產業的發展為光電傳感行業帶來了前所未有的市場機會。舜宇研究院將協同各附屬公司，研判未來可能的市場目標和應用場景，整合內外部資源，加大研發投入，佈局開

306、發新技術、新產品，培養公司新的增長點。同時，本集團將進一步深化新事業的培育機制，鼓勵有創業精神和創業能力的奮鬥者，投身新事業，發展新事業，成就自己。4、 深化內部激勵機制，進一步踐行共同創造 的核心價值觀本集團的核心價值觀是 共同創造 。從創業至今，本集團在制度上和實踐上一直踐行這一核心價值觀。隨著時代的變化，激勵機制也將與時俱進，不斷地予以改革及深化。本集團將繼續強化內部激勵機制的競爭優勢，吸引更多的優秀人才加入本公司，並且對已作出較大、重大貢獻的創新者、奮鬥者進行重點激勵，讓 共同創造的參與者來共同分享創造的成果。在未來幾年，本集團將持續受益於光電產業廣闊的發展前景，積極發揮本集團作為光學

307、專家的行業領先優勢，不斷順應市場需求，注重研發創新，追求產品品質，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的產品與服務，推動企業的成長與價值的提升，持續為股東創造更多的回報。3. Strengthen R&D investment and accelerate the cultivation and growth of new businessesThe development of digitalised and intelligentised industry has brought unprecedented market opportunities to the

308、 optoelectronic sensing industry. Sunny Research Institute will coordinate with each subsidiary for determination of possible future market goals, application scenarios, integration of internal and external resources, enhancement of R&D investment, development of new technology and new products layo

309、uts, new points of growth creation of the Company. Meanwhile, the Group will further deepen the cultivation mechanism for new businesses and encourage strivers with entrepreneurship and the ability to devote themselves to new business development in order to accomplish their goals.4. Enhance the int

310、ernal incentive mechanism and further practise the core value of “Create Together”The core value of the Group is “Create Together”. Since its founding, the Group has been practising this core value in its system and practice. With the changes of the times, the incentive mechanism will also keep pace

311、 with the times, and will be continuously reformed and enhanced. The Group will continue to strengthen the competitive edges of the internal incentive mechanism, attract more outstanding talents to join the Company, and provide key incentives to innovators and strivers who have made great and signif

312、icant contributions. Therefore, the participants in “Create Together” can share the achievements of creation.In the coming years, leveraging the edge of being industry leaders as an optical professional, the Group will continue to benefit from the bright future prospect of the optoelectronic industr

313、y and continue to create greater returns for the shareholders by responding to the market demand, focusing on R&D and innovation, pursuing the quality of products and continuously improving our own comprehensive competitiveness in order to provide more high-quality products and services for world-cl

314、ass high-tech enterprises. It turns out to promote the growth and value enhancement of those enterprises.Sunny Optical Technology (Group) Company Limited ANNUAL REPORT 202046Directors and Senior Management董事及高級管理層BOARD OF DIRECTORSDuring the year of 2020, the Board consisted of 7 Directors comprisin

315、g 3 executive Directors,1 non-executive Director and 3 independent non-executive Directors. The information on the Directors is set forth below.DIRECTORSExecutive DirectorsMr. Ye Liaoning (葉遼寧), aged 55, is one of the founders of the Group, and currently is an executive Director, the chairman of the

316、 Board and the chairman of the Strategy and Development Committee of the Company. He is responsible for formulating the Groups 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

317、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 generally granted to a person who has passed necessary examinations and has acquired substantial management experience. Mr. Ye obtained a diploma f

318、rom Zhejiang Radio & TV University in 1999. Mr. Ye has been an executive Director since May 2007 and is currently a director of various subsidiaries of the Group. Mr. Ye was awarded the title of “Outstanding Entrepreneurs” (傑出甬商) and the title of “Zhejiang Province Outstanding Builder of Socialism w

319、ith Chinese characteristics (Non-public Economic Person) (浙江省非公有制經濟人士新時代優秀中國特色社會主義事業建設者)” in the “40th Anniversary of Reform and Opening, Entrepreneurs of Time (改革開放40周年時代甬商)” by the Ningbo City Government in November 2018. Mr. Ye was awarded “National May-First Labor Medal” (全國五一勞動獎章) and acquired

320、the title of “Zhejiang Province Model Worker” (浙江省勞動模範) in April 2019. Mr. Ye was awarded the title of “National Model Worker” (全國勞動模範) in November 2020. Mr. Ye has senior professional knowledge and experience in optical industry, as well as extensive experience in financial management, company oper

321、ations, capital markets, risk management and strategic planning, and has years of leadership experience in board committee.董事會於二零二零年，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，55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

322、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，現時為本集團不同附屬公司的董事。葉先生於二零一八年十一月獲評寧波市政府 改革開放40周年時代甬商 之 傑出甬商 及 浙江省非公有制經濟人士新時代優秀中國特色社會主義事業建設者 的稱號。於二零一九年四月，葉先生獲評 全國五一勞動獎章 及 浙江省勞動模範 稱號。於二零二零年十一月，葉先生獲評 全國勞動模範 稱號。葉先生具備資深的光學行業的專業知識和經驗，同時在財務管理、公司運營、資本市場、風險管理及戰略規劃方面

323、均有豐富的經驗，並且有多年的董事委員會領導經驗。舜宇光學科技 （集團） 有限公司 2020 年報 47Directors and Senior Management董事及高級管理層Mr. Sun Yang (孫泱), aged 48, 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 Nin

324、gbo University in 1995 with a bachelors degree in economics. He then obtained a masters degree in economics from Shanghai University of Finance and Economics in 2005. He joined the Group as a chief officer of investment management centre in 2002. Mr. Sun has obtained a qualification of senior econom

325、ist issued by the Personnel Bureau of Zhejiang in 2008 and awarded a qualification of chief senior economist issued by Zhejiang Province Human Resources and Social Security Department in December 2018. Currently, chief senior economist is the highest economics professional and technical title in the

326、 PRC, which is only granted to very few people who have passed strict examinations and acquired substantial management experience with major achievements. Mr. Sun has been an executive Director since May 2009 and is currently a director of various subsidiaries of the Group. Mr. Sun has senior profes

327、sional knowledge and experience in optical industry, as well as extensive experience in financial management, company operations, capital markets, risk management and strategic planning.Mr. Wang Wenjie (王文杰), aged 53, currently is an executive Director and executive vice president of the Company. He

328、 is responsible for the strategic planning and information management of the Group, as well as the management of Sunny Research Institute. 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 qualifi

329、cation of senior economist by the Personnel Bureau of Zhejiang in 2008. Senior economist is a recognised qualification in the PRC and is generally granted to a person who has passed necessary examinations and has acquired substantial management experience. He has been an executive Director since Dec

330、ember 2013. He was elected as the vice chairman of the Chinese Optical Society in 2017, responsible for advancing the development of optical industry in China. Mr. Wang has senior professional knowledge and experience in optical industry, as well as extensive experience in financial management, comp

331、any operations, capital markets, risk management and strategic planning.孫泱先生，48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，並於二零零五年獲取上海財經大學頒授的經濟學碩士學位。孫先生於二零零二年加入本集團，擔任投資管理中心總監。孫先生於二零零八年獲浙江省人事廳頒發高級經濟師資格，並於二零一八年十二月獲得浙江省人力資源和社會保障廳授予的正高級經濟師職務任職資格。正高級經濟師是目前國內最高級別的經濟類專業技術職稱，需要通過嚴格的評審，且只有極少數具有豐

332、富的管理經驗和取得重大成就的人士才能獲得。孫先生自二零零九年五月起擔任執行董事，現時為本集團不同附屬公司的董事。孫先生具備資深的光學行業的專業知識和經驗，同時在財務管理、公司運營、資本市場、風險管理及戰略規劃方面均有豐富的經驗。王文杰先生，53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及信息管理，並負責管理舜宇研究院。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獲得浙江省人事廳授予的高級經濟師資格。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

333、學學會副理事長，負責推動中國光學行業發展。王先生具備資深的光學行業的專業知識和經驗，同時在財務管理、公司運營、資本市場、風險管理及戰略規劃方面均有豐富的經驗。Sunny Optical Technology (Group) Company Limited ANNUAL REPORT 202048Directors and Senior Management董事及高級管理層Non-executive DirectorMr. Wang Wenjian (王文鑒), aged 73, former Chairman of the Board, executive Director and Chief

334、 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 Instruments Factory in 1984 as factory manager and became its general manager since 1994 when it was transforme

335、d to a joint stock limited liability company. Mr. Wang obtained the title of “Outstanding Entrepreneur” (優秀創業企業家) by Ningbo Entrepreneurs Association and Ningbo Enterprise Unite League in 2006 and was granted the “Ningbo Excellent Entrepreneur Award” (寧波市卓越企業家獎) by the Personnel Office under Ningbo

336、Municipal Party Committee in 2015. Mr. Wang was awarded the title of “Excellent Entrepreneurs (卓越甬商)” in the “40th Anniversary of Reform and Opening, Entrepreneurs of Time (改革開放40周年時代甬商)” by the Ningbo City Government in November 2018. Mr. Wang acted as the Honorary President of Yuyao Charity Federa

337、tion in 2003 and was appointed as a guest professor of the College of Information Science and Engineering, Zhejiang University in 2005. He obtained a qualification of senior economist by Ningbo Municipal Government in 1996. Senior economist is a recognised qualification in the PRC and is generally g

338、ranted to a person who has passed necessary examinations and has acquired substantial management experience. Mr. Wang was redesignated as a non-executive Director in March 2012. Mr. Wang has senior professional knowledge and experience in optical industry, as well as extensive experience in financia

339、l management, company operations, risk management and strategic planning, and has years of leadership experience in board committee.非執行董事王文鑒先生，73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

340、辦頒發的 寧波市卓越企業家獎 及於二零一八年十一月獲評寧波市政府 改革開放40周年時代甬商 之 卓越甬商 的稱號。王先生於二零零三年擔任餘姚市慈善總會榮譽會長，並於二零零五年被聘請為浙江大學信息科學與工程學院客座教授。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。王先生具備資深的光學行業的專業知識和經驗，同時在財務管理、公司運營、風險管理及戰略規劃方面均有豐富的經驗，並且有多年的董事委員會領導經驗。舜宇光學科技 （集團） 有限公司 2020 年報 49Directors and

341、 Senior Management董事及高級管理層Independent Non-executive DirectorsMr. Zhang Yuqing (張余慶), aged 73, is an independent non-executive Director and the chairman of Audit Committee. Mr. Zhang has worked in MBCloud (Shenzhen) Information Technology Co., Ltd. (招銀雲創 （深圳） 信息技術有限公司) as finance-in-charge from May 2

342、017 to March 2020. Mr. Zhang worked in Shanghai Port Bureau as heads of the financial division as well as the auditing division. He was also appointed as a director of Shanghai Worldbest Industry Development Co., Ltd.(上海華源企業發展股份有限公司) from 2001 to 2003 and acted as its chief financial officer. Mr. Zh

343、ang worked in Shandong Sito Bio-technology Co., Ltd. (山東賽託生物科技股份有限公司) as chief financial officer from 2014 to 2017. Mr. Zhang graduated from Shanghai Maritime University in 1982 with a bachelors degree in economics and is a senior accountant and a non-practicing member of the Chinese Institute of Ce

344、rtified Public Accountants. He has been an independent non-executive Director of the Company since May 2007. Mr. Zhang has professional knowledge in optical industry, as well as extensive experience in financial management, company operations, capital market, risk management and strategic planning,

345、and has years of leadership experience in board committee.Mr. Feng Hua Jun (馮華君), aged 57, 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 professo

346、r and doctoral supervisor in July 1998, mainly responsible for works involving teaching and scientific research. Mr. Feng was the director for the Institute of Optical Engineering, the director for the Institute of Optical Imaging Engineering and the head of Department of Optoelectronic Information

347、Engineering of Zhejiang 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

348、-executive Director of Hangzhou Everfine Photo-E-Info Co., Ltd. (杭州遠方光電信息股份有限公司) (stock code: 300306) since May 2016, and an independent non-executive Director of Telephone World Group Co., Ltd. (話機世界通信集團股份有限公司) (code of National Equities Exchange and Quotations: 831354) since October 2017. He has b

349、een an independent non-executive Director of the Company since April 2016. Mr. Feng has extremely senior professional knowledge in optical industry, as well as extensive experience in risk management and strategic planning, and has years of leadership experience in board committee.獨立非執行董事張余慶先生，73歲，獨

350、立非執行董事兼審核委員會主席。張先生於二零一七年五月至二零二零年三月出任招銀雲創 （深圳） 信息技術有限公司的財務負責人。張先生曾於上海港務局出任財務處及審計處處長，且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。張先生於二零一四年至二零一七年期間出任山東賽託生物科技股份有限公司財務總監。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。其自二零零七年五月起擔任本公司之獨立非執行董事。張先生具備光學行業的專業知識，同時在財務管理、公司運營、資本市場、風險管理及戰略規劃方面均有豐富的經驗，並且有多年的董

351、事委員會領導經驗。馮華君先生，57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，主要負責教學及科研工作。馮先生曾擔任浙江大學光學工程研究所所長、光學成像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在同所大學獲得光學儀器工程系碩士學位。馮先生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，並自二零一七年十月起出任話機世界通信集團股份有限公司 （全國中小企業股份轉讓系統代碼：831354） 的獨立非執行董

352、事。其自二零一六年四月起擔任本公司之獨立非執行董事。馮先生具備極其資深的光學行業的專業知識，同時在風險管理及戰略規劃方面均有豐富的經驗，並且有多年的董事委員會領導經驗。Sunny Optical Technology (Group) Company Limited ANNUAL REPORT 202050Directors and Senior Management董事及高級管理層Mr. Shao Yang Dong (邵仰東), aged 51, is an independent non- executive Director and the chairman of Remuneratio

353、n Committee. Mr. Shao currently is the managing partner of Yuantai Investment Partners Evergreen Fund, L.P. Mr. Shao was a director of each of Sunny Zhejiang Optics and Sunny Instruments from May 2005 to September 2010, Sunny Zhongshan from October 2005 to September 2010, Sunny Opotech from November

354、 2005 to September 2010 and Sunny Infrared Optics from March 2006 to September 2010. Mr. Shao is a member of Environmental Defense Fund China Advisory Board. Mr. Shao previously worked as a financial analyst at the investment banking division of Salomon Brothers Inc. Mr. Shao obtained a bachelors de

355、gree in economics in May 1993 from Columbia University. Mr. Shao also attended the Graduate School of Business at Stanford University and earned a masters degree in business administration in June 2000. He has been an independent non-executive Director of the Company since April 2016. Mr. Shao has s

356、enior professional knowledge related to global smartphone and automobile industry chains, as well as extensive experience in company strategy and operations, financial and risk management, and capital market, and has years of leadership experience in board committee.SENIOR MANAGEMENTMr. Dong Kewu (董

357、克武), aged 52, is the Vice President of the Company. He is responsible for human resource management of the Group. Mr. Dong graduated from Xidian University in 1990 with a bachelors degree in computer and application and from Fudan University in 2004 with a masters degree in business administration.

358、Prior to joining the Group in February 2012, Mr. Dong worked as a partner and consulting director in a renowned consulting firm. Mr. Dong also obtained qualifications of economist and engineer issued by the Ministry of Personnel of the PRC and the Planning Committee of Shandong Province.Mr. Ma Jianf

359、eng (馬建峰), aged 48, is the Vice President and Joint Company Secretary of the Company. Mr. Ma graduated from Xiamen University in July 1995 with a bachelors degree in economics. Mr. Ma is a certified public accountant of the Chinese Institute of Certified Public Accountants and is a qualified senior

360、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. (寧波波導股份有限公司).邵仰東先生，51歲，獨立非執行董事兼薪酬委員會主席。邵先生現時為Yuantai Investment Partners Evergreen Fund, L.P. 的管理合夥人。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

361、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。邵先生現為美國環保基金會中國顧問委員會理事。邵先生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獲得經濟學學士學位。邵先生亦於斯坦福大學商學院(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。邵先生具備資深的全球智能手機及汽車產業鏈的相關專業知識，同時在公司戰略及運營，財務與風險管理及資本市場方面均有

362、豐富的經驗，並且有多年的董事委員會領導經驗。高級管理層董克武先生，52歲，為公司副總裁，負責本集團人力資源管理。董先生於一九九零年畢業於西安電子科技大學，取得計算機及應用學士學位，且於二零零四年畢業於復旦大學，獲得工商管理碩士學位。在二零一二年二月加入本集團前，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，48歲，為公司副總裁兼聯席公司秘書。馬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

363、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 2020 年報 51Directors and Senior Management董事及高級管理層Mr. Zhang Guoxian (張國賢), aged 55, is the assistant of the President of the Company. Mr. Zhang graduated from Yuyao Huancheng School in 1983 and joined the Group since his graduation. Mr. Zhang attended the seminar of EMB

364、A 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, executive deputy general manager and general manager of Sunny Zhejiang Optics.

365、Ms. Wong Pui Ling (黃佩玲), aged 39, is the Joint Company Secretary, senior investor relations director, authorised representative and agent of the Company. Ms. Wong is primarily responsible for company secretarial matters and investor relations matters. Ms. Wong joined the Group in July 2007. Ms. Wong

366、 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 Accountants. Ms. Wong holds a bachelors

367、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 55, is a general manager of Sunny Zhejiang Optics, Sunny Shanghai Optics and Sunny OmniLight Technology. He is responsible f

368、or the daily administration of Sunny Zhejiang Optics, Sunny Shanghai Optics and Sunny OmniLight Technology. 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 by the Personnel Bureau of

369、Zhejiang in 1999. Prior to joining the Group in March 1997, Mr. Wu worked in Jiangxi Optics Instrument General Factory (江西光學儀器總廠) for 10 years as research officer and chief of quality control.Mr. Zhang Zhiping (張志平), aged 52, is a general manager of Sunny Zhongshan Optics. He is responsible for the

370、daily administration of Sunny Zhongshan Optics. Mr. Zhang 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. (信泰光學 （深圳） 有限公司).張國賢先生，55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

371、，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。獲任總裁助理前，張先生曾任舜宇浙江光學副總經理、常務副總經理及總經理等職務。黃佩玲女士，39歲，為本公司聯席公司秘書、投資人關係高級總監、授權代表及代理人，主要負責公司秘書事務兼投資人關係事務。黃女士於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十多年經驗。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，55歲，為舜宇浙江光學總經理、舜宇

372、上海光學總經理及舜宇奧來技術總經理，負責舜宇浙江光學、舜宇上海光學及舜宇奧來技術的日常經營管理事務。吳先生於一九八六年畢業於上海機械學院，取得光學儀器學士學位。吳先生在一九九九年於浙江省人事廳取得高級工程師資格。在一九九七年三月加入本集團前，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，52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前，張先生於信泰光學 （深圳） 有限公司任副廠長。Sunny Optical Technology (Group) Company Limited ANNU

373、AL REPORT 202052Directors and Senior Management董事及高級管理層Mr. Chen Huiguang (陳惠廣), aged 57, is a general manager of Sunny Infrared Optics. He is responsible for the daily administration of Sunny Infrared Optics. Mr. Chen obtained a bachelors degree in optical instruments from Zhejiang University in 198

374、3. He also obtained a masters degree in engineering from Zhejiang University in 1992. Prior to joining the Group in January 1999, Mr. Chen worked in Xintian Precision and Optical Instrument Company Limited (新天精密光學儀器公司). In 2015, he was granted the title of “Elite offing City Award for Expert with Ou

375、tstanding Contribution to Ningbo City” (甬城精英-寧波市有突出貢獻專家獎) by Ningbo Municipal Party Committee, and was appointed as an executive director of Chinese Society for Optical Engineering. Mr. Chen was awarded the qualification for senior engineer of professor level in 2016. At the same time, Mr. Chen was

376、entitled to the special government allowance of the State Council 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 58, is a general manager of Sunny Xinyang Optics. He is responsible for the daily administration

377、 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 joining the Group in February 2001, Mr. Guo worked in Henan Co

378、star Group Co., Ltd. (河南中光學集團有限公司). He served as a deputy general manager in both Henan Costar Group Co., Ltd. and Lida Optical and Electronic Co., Ltd. (南陽利達光電股份有限公司). In 1997, Mr. Guo obtained a qualification of senior engineer issued by China North Industries Group Corporation.Mr. Qiu Wenwei (裘文偉

379、), aged 44, is a general manager of Sunny Automotive Optech. He is responsible for the daily administration of Sunny Automotive Optech. 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 serv

380、ed as the head of vehicle lens sets business in 2008, responsible for preparing for setting up vehicle lens sets business and as the general manager of Sunny Automotive Optech in 2012. Mr. Qiu obtained a masters degree in optical engineering from Changchun University of Science and Technology in Jul

381、y 2014.陳惠廣先生，57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前，陳先生在新天精密光學儀器公司工作。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教授級高級工程師資格。同時，陳先生於二零一六年享受國務院政府特殊津貼。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，58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。郭先生

382、於一九八六年於長春光學精密機械學院取得學士學位，並於二零零二年於南京理工大學取得工程管理碩士學位。在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，44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，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光學總經理。裘

383、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 2020 年報 53Directors and Senior Management董事及高級管理層Ms. Wang Mingzhu (王明珠), aged 43, is a general manager of Sunny Opotech. She is responsible for the daily administration of Sunny Opotech. Ms. Wang obtained a masters degree in electronics and communication e

384、ngineering from Fudan University in 2007. She joined the Group in April 2014 and held positions including manager of product development department, associate director of R&D centre and executive deputy general manager of Sunny Opotech. She has been the general manager of Sunny Opotech since 2020. P

385、rior to joining the Group, Ms. Wang was engaged in the activities relating to R&D and manufacturing of semiconductors and optics in Semiconductor Manufacturing International Corporation (中芯國際集成電路製造有限公) and Konica Minolta. Ms. Wang was selected into the Ningbo Leading and Top Talents Training Project

386、, and was granted the “Yuyao City Outstanding Contribution Expert Award” (餘姚市突出貢獻專家獎) in 2017. Ms. Wang was awarded the “Yuyao City May Day Womens Commendation” (餘姚市五一巾幗表彰) in 2018. Ms. Wang has served as the vice chairman of Ningbo Electronics Industry Association since April 2020.Mr. Wang Zhongwei

387、 (王忠偉), aged 42, is a general manager of Sunny Optical Intelligence. He is responsible for the daily administration of 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 2

388、001. He held positions including manager of marketing department, deputy general manager and general manager of Sunny Opotech. Mr. Wang was awarded the titles of “National Electronic Information Industry Influential People” (全國電子信息行業影響力人物) by China Electronics Enterprises Association and “2016 Top 1

389、0 Yong Shang of Ningbo City” (寧波市2016 十大風雲甬商) in 2016. Mr. Wang served as the vice-president of the Institute of Yongshang Development (甬商發展研究會) since April 2017 and as the vice-president of Ningbo Science & Technology Innovation Association since May 2017.王明珠女士，43歲，為舜宇光電總經理，負責舜宇光電的日常經營管理事務。王女士於二零零七

390、年取得復旦大學電子與通信工程專業碩士學位。其於二零一四年四月加入本集團，曾任舜宇光電產品開發部部長、研發中心副總經理及常務副總經理等職務，並於二零二零年任職舜宇光電總經理。在加入本集團前，王女士分別在中芯國際集成電路製造有限公司和柯尼卡美能達從事半導體及光學相關的研發製造工作。王女士於二零一七年入選寧波領軍和拔尖人才培養工程項目，並榮獲 餘姚市突出貢獻專家獎 。王女士於二零一八年榮獲 餘姚市五一巾幗表彰 。王女士於二零二零年四月起擔任寧波電子行業協會副會長。王忠偉先生，42歲，為舜宇智能光學總經理，負責舜宇智能光學的日常經營管理事務。王先生於二零一零年取得長春理工大學光學工程碩士學位。其於二零

391、零一年九月加入本集團，曾任舜宇光電營銷部部長、副總經理及總經理等職務。王先生於二零一六年榮獲中國電子企業協會頒發的 全國電子信息行業影響力人物稱號，並榮獲 寧波市2016十大風雲甬商 。王先生於二零一七年四月起擔任甬商發展研究會副會長，並於二零一七年五月起擔任寧波科技創新協會副會長。Sunny Optical Technology (Group) Company Limited ANNUAL REPORT 202054Directors and Senior Management董事及高級管理層Mr. Zhang Baozhong (張寶忠), aged 52, is a general ma

392、nager of Sunny Mobility. He is responsible for the daily administration of Sunny Mobility. Mr. Zhang obtained a bachelors degree in mechanical manufacture technique and instrument in 1990 and a masters degree in business administration in 2013 from Zhejiang University. He joined the Group in Septemb

393、er 1999 and was engaged in the activities relating to R&D and administration for many years. He held positions including executive deputy general manager of Sunny Opotech and general manager of intelligent equipment business of Sunny Instruments. In 2014, Mr. Zhang obtained a qualification of senior

394、 engineer issued by Zhejiang Province Human Resources and Social Security Department.Mr. Lou Guojun (樓國軍), aged 56, is a general manager of Sunny Instruments. He is responsible for the daily administration of Sunny Instruments. Mr. Lou obtained a diploma in business enterprise operation management f

395、rom 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 generally granted to a person who has passed necessary examinations and has acquired s

396、ubstantial management experience. Mr. Lou joined the Group in June 1984.Mr. Weng Jiuxing (翁九星), aged 50, is a general manager of Sunny Intelligent Technology. He is responsible for the daily administration of Sunny Intelligent Technology. Mr. Weng graduated from Zhejiang Normal University in 1995 an

397、d obtained a postgraduate diploma in digital strategy and business transformation from the University of Hong Kong in 2013. Mr. Weng joined the Group in July 1995 and served various positions, including workshop supervisor, deputy head of corporate governance department, deputy head of manufacturing

398、 department and head of quality control department. Prior to his appointment as the general manager of Sunny Intelligent Technology in July 2015, Mr. Weng served as the director of information technology department of the Group.張寶忠先生，52歲，為舜宇智行傳感總經理，負責舜宇智行傳感的日常經營管理事務。張先生於一九九零年取得浙江大學機械製造及工藝設備學士學位，並於二零

399、一三年取得浙江大學工商管理碩士學位。張先生於一九九九年九月加入本集團，多年來一直從事研發及管理相關的工作，曾任職舜宇光電常務副總經理及舜宇儀器智能裝備業務總經理。其於二零一四年獲得浙江省人力資源與社會保障廳頒發的高級工程師資格。樓國軍先生，56歲，為舜宇儀器總經理，負責舜宇儀器的日常經營管理事務。樓先生在一九九九年於浙江廣播電視大學取得商業企業經營管理文憑。樓先生於二零零八年獲浙江省人事廳頒授高級經濟師資格。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。樓先生於一九八四年六月加入本集團。翁九星先生，50歲，為舜宇智能科技總經理，負責舜宇智能科技的日常經營管理事務。翁

400、先生於一九九五年畢業於浙江師範大學，又於二零一三年獲得香港大學信息戰略與企業轉型研究生文憑。翁先生於一九九五年七月加入本集團，歷任車間主任，企管部副部長，製造部副部長，品保部部長等職務。在二零一五年七月擔任舜宇智能科技總經理前，翁先生曾任本集團信息技術部總監。舜宇光學科技 （集團） 有限公司 2020 年報 55Corporate Governance Report企業管治報告The Directors are convinced that the management structures and internal control procedures of the Group must h

401、ave excellent corporate governance elements so as to promote effective accountability and deliver maximum benefits to the shareholders.CORPORATE GOVERNANCE PRACTICESFor the year ended 31 December 2020, the Company complied with all of the code provisions of and adopted most of the recommended best p

402、ractices of the Corporate Governance Code (the “Corporate Governance Code”, applicable to financial reports for the periods subsequent to 1 April 2012) contained in Appendix 14 to the Listing Rules. Corporate governance structure and practices of the Company are summarised as follows.THE BOARDBoard

403、FunctionsBeing accountable to the shareholders, the Board is responsible for facilitating the further development of the Companys business by directing and guiding the business developments and operations in a responsible and effective manner. Board members have a duty to act in good faith, with due

404、 diligence and care and in the best interests of the Company and the shareholders as a whole.While the Companys business operations are supervised by the executive Directors and managed by the qualified members of management, the decisions which are to be taken by the Board include:1. Setting the Co

405、mpanys missions and values;2. Formulating strategic directions of the Company;3. Reviewing and guiding corporate strategies;4. Setting performance objectives and monitoring implementation and corporate performance;5. Monitoring and managing potential conflicts of interest between the management and

406、Board members;董事深信本集團的管理架構及內部監控程序必須具備優良的企業管治元素，方可促成有效問責，使得股東利益最大化。企業管治常規截至二零二零年十二月三十一日止年度，本公司已遵守上市規則附錄十四所載之企業管治守則 （ 企業管治守則 ） ，適用於二零一二年四月一日之後期間的財務報告） 之所有守則條文以及採納大部分建議最佳常規。本公司之企業管治架構及常規概述如下。董事會董事會職能董事會須向股東負責，並有責任通過盡責有效的方式，推動及領導本公司之業務發展及運作，協助本公司業務更進一步發展。董事會成員有責任真誠、勤勉及審慎工作，維護本公司及全部股東最佳利益。本公司的業務營運由執行董事監察

407、，並由合資格管理人員負責管理，董事會負責的決策包括：1. 訂立本公司目標及價值觀；2. 制定本公司策略方針；3. 檢討及督導企業策略；4. 訂立業績目標及監察實施情況與企業業績；5. 監察及管理管理層與董事會成員的潛在利益衝突；Sunny Optical Technology (Group) Company Limited ANNUAL REPORT 202056Corporate Governance Report企業管治報告6. Ensuring the integrity of the Companys accounting and financialreporting systems,

408、 including the independent audit, and those appropriate systems of control are in place, in particular, systems for monitoring risk, financial control, and compliance with the law; and7. Performing the corporate governance function, being responsible for the Companys policies and practices on corpor

409、ate governance and reviewing the corporate governance report.Board CompositionThe Board should have a balance of skills and experience appropriate for the business of the issuer to ensure that the changes to its composition can be managed without undue disruption. The Company is committed to the vie

410、w that the Board should maintain a balanced composition of executive and non-executive Directors (including independent non-executive Directors) so that the Board has a strong independence to make the independent and objective judgment. The Board currently comprises 7 Directors, including:Name of Di

411、rector董事姓名 Executive Directors 執行董事Mr. Ye Liaoning葉遼寧先生Mr. Sun Yang 孫泱先生Mr. Wang Wenjie王文杰先生Non-executive Director 非執行董事Mr. Wang Wenjian王文鑒先生Independent non-executive Directors 獨立非執行董事Mr. Zhang Yuqing張余慶先生Mr. Feng Hua Jun馮華君先生Mr. Shao Yang Dong邵仰東先生6. 確保本公司會計與財務申報系統的完整性，包括獨立審核，以及確保設有適當監控系統，尤其是監察風險、財

412、務監控及守法的系統；及7. 肩負企業管治職能，負責本公司企業管治的政策及實務以及審閱企業管治報告。董事會組成董事會須兼備發行人業務所需的技能及經驗，以確保董事會成員的更替不會造成不必要的業務中斷。本公司深信，董事會的執行與非執行董事 （包括獨立非執行董事） 人數應平衡，確保董事會的高度獨立性，以作出獨立客觀的判斷。董事會現時由7名董事組成，包括：舜宇光學科技 （集團） 有限公司 2020 年報 57Corporate Governance Report企業管治報告Each of the Directors has entered into a continuous service contra

413、ct with the Company for a term of three years commencing from the date of appointment or re-appointment. The Company is committed to the view that the independent non-executive Directors should be of sufficient calibre and number to warrant that their views are acknowledged. Biographical details of

414、the independent non- executive Directors are set out in the section “Directors and Senior Management” in this Annual Report. The independent non-executive Directors are in absence of any business or other relationships with the Group which could interfere in any material manner with the exercise of

415、their independent judgment. The composition of the Board as at the date of this Annual Report is set out in the section “Directors and Senior Management” in this Annual Report. None of the Directors has any financial, business, family relationships or relationships in other material aspects with eac

416、h other. Each of independent non-executive Directors has given a written confirmation to the Company confirming that he has met the criteria set out in Rule 3.13 of the Listing Rules regarding the guidelines for the assessment of independence of Directors respectively. The Company believes that the

417、all independent non-executive Directors have complied with the relevant guidelines as stipulated in such rule and are still considered as independent.Appointment, Re-election and RemovalThe Company has implemented a set of formal, prudent and transparent procedures for the appointment of new Directo

418、rs to the Board. The Company has also put in place plans for orderly succession of the Board. All Directors are subject to re-election regularly in accordance with the Articles of Association. The Board must explain the reasons for the resignation, re-designation or removal of any Director.Responsib

419、ilities of DirectorsEvery Director is aware that he should devote sufficient time and attention to the affairs of the Company.The Directors are kept informed from time to time on the latest development of any changes to the regulatory requirements and the progress of compliance with applicable rules

420、 and regulations by the Company. The Directors are also updated from time to time on the latest business development and operation plans of the Company.各董事已與本公司訂立持續服務合約，自委任或重新委任日期起計為期三年。本公司相信，獨立非執行董事的才幹與人數須達相當水準，使其意見具影響力。獨立非執行董事的履歷載於本年報 董事及高級管理層 一節，彼等並無涉及任何可嚴重影響其行使獨立判斷的本集團業務或其他關係。董事會於本年報日期的成員名單載於本年報

421、 董事及高級管理層 一節。各董事間概無任何財務、業務、家庭關係或其他重大關係。各獨立非執行董事已分別向本公司提交書面確認，確認其已符合上市規則第3.13條有關評核董事獨立性指引的相關規定。本公司相信，全體獨立非執行董事均一直遵守該規則所載的相關指引，且仍然被視為保持獨立身份。委任、重選及罷免本公司已實施一套正式、審慎且具透明度的程序委任董事會新董事，亦已訂立計劃，確保董事會的承接有序。全體董事須根據章程細則定期重選。董事會須解釋任何董事的辭任、調任或罷免的原因。董事職責各董事知悉，彼等應對本公司事務投放足夠的時間和精力。董事將不時獲提供有關監管規定任何變動的最新發展及本公司遵守適用規則及規例的

422、進展情況。董事亦會不時獲提供本公司最新的業務發展及營運計劃。Sunny Optical Technology (Group) Company Limited ANNUAL REPORT 202058Corporate Governance Report企業管治報告In compliance with code provision A.6.5 of Corporate Governance Code, the Company arranges and provides fund for all the Directors to participate in continuous professi

423、onal development organised in the form of in-house training, seminars or other appropriate courses to keep them refresh of their knowledge, skill and understanding of the Group and its business or to update their skills and knowledge on the latest development or changes in the relevant statutes, the

424、 Listing Rules and Corporate Governance Code and corporate governance practices. Newly appointed Director would receive an induction training covering the statutory regulatory obligations of a director of a listed company. Circulars or guidance notes are issued to Directors and senior management by

425、the Company, where appropriate, to ensure the awareness of Corporate Governance Code and best practices.All Directors participate in continuous professional development to develop and refresh their knowledge and skills. This is to ensure that their contribution to the Board remains informed and rele

426、vant. During the year of 2020, all Directors received a total of over 180 hours of trainings, including internally-facilitated sessions as well as external seminars/programmes on topics relevant to their duties as Directors.To summarise, the Directors have received the below trainings to enhance the

427、ir skills and knowledge during the year:Training area培訓領域Production and operation management inmanufacturing industry Corporate governanceRisk managementCraft/technology製造業生產運營管理企業管治風險管理工藝技術Executive Directors執行董事Mr. Ye Liaoning葉遼寧先生Mr. Sun Yang 孫泱先生Mr. Wang Wenjie 王文杰先生Non-executive Director非執行董事Mr

428、. Wang Wenjian 王文鑒先生Independent non-executive Directors獨立非執行董事Mr. Zhang Yuqing 張余慶先生Mr. Feng Hua Jun 馮華君先生Mr. Shao Yang Dong 邵仰東先生為遵守企業管治守則條文第A.6.5條，本公司就全體董事參加以內部培訓、研討會或其他適當的課程形式的持續專業發展作出安排並提供資金，使彼等更新其知識、技能及對本集團及其業務的理解，或使彼等在有關法規、上市規則及企業管治守則及常規的最新發展或變動方面更新技能及知識。新委任的董事將接受入門培訓，內容包括上市公司董事法定監管義務。本公司會在適當情

429、況下向董事及高級管理層發出通函或指引，確保彼等知悉企業管治守則及最佳常規。所有董事均參與持續專業發展，發展並更新其知識及技能，以確保其繼續在具備全面資訊及切合所需的情況下對董事會作出貢獻。於二零二零年年內，所有董事共得到了超過180小時的培訓，包括內部促進會議以及與董事職責相關主題的外部研討會課程。概括來講，董事於年內已接受以下培訓，以加強彼等的技能及知識：舜宇光學科技 （集團） 有限公司 2020 年報 59Corporate Governance Report企業管治報告Regarding the Listing Rules requirements for Directors to ob

430、tain a general understanding of an issuers business and to follow up anything that comes to their attention, it is considered that the current arrangements for keeping the Board informed timely of the Companys business performance through regular presentations and/or reports by the management at Boa

431、rd meetings, providing Directors with complete, sufficient and adequate information, and providing the Board with timely reports on urgent key events at special Board meetings are effective, and have satisfied the requirements. A monthly management report, covering key business issues and the financ

432、ial performance of the Company, has been made available to Directors on a monthly basis throughout the year. All Directors can contact the management of the Company individually and independently.Chairman and Chief Executive OfficerMr. Ye Liaoning, being the Chairman of the Board, is responsible for

433、 formulating the Groups policies and making decisions. Mr. Sun Yang, being the Chief Executive Officer of the Company, is responsible for the overall daily operation and management of the Group. This segregation of the roles of the Chairman and the Chief Executive Officer of the Company aligns with

434、the requirement under the code provision A.2.1 of the Corporate Governance Code.There are 3 independent non-executive Directors in the Board, all of whom possess adequate independence. Therefore, the Board considers that the current structure will not impair the balance of power and authority betwee

435、n the Board and the management of business of the Group.根據上市規則要求，董事須對發行人業務有所了解，並對所有突發事件有所跟進。通過在定期舉行的董事會會議中作出演示及或報告，管理層及時通知董事會本公司的業務表現，提供完整、充足及適當的資料予董事，並通過特別董事會會議及時向董事會報告緊急的重要事件，目前該等安排均為有效的，且已符合上市規則的要求。本公司於全年已按月向董事提供每月管理報告，涵蓋公司的關鍵業務問題及財務績效。全體董事均可個別及獨立接觸本公司管理層。主席及行政總裁董事會主席葉遼寧先生負責本集團的政策制訂及決策。本公司的行政總裁孫泱

436、先生負責本集團的全面日常營運及管理。本公司主席與行政總裁的角色分離，符合企業管治守則的守則條文第A.2.1條的規定。董事會中有3名獨立非執行董事，彼等均具備足夠的獨立性。因此，董事會認為，現有架構將不會削弱董事會與本集團業務管理層之間的權力與權威的平衡性。Sunny Optical Technology (Group) Company Limited ANNUAL REPORT 202060Corporate Governance Report企業管治報告附註： 董事均親身出席所有會議，而非由代替者出席。在董事會定期會議舉行前，本公司會諮詢各董事須列入議程的事項。董事會定期會議的日期均於召開前

437、最少14日前落實，給予全體董事充裕之通知以確保其有機會出席，而所有其他董事會會議則會作出合理通知。所有董事會會議及委員會會議的會議記錄由公司秘書保管，而會議記錄初稿及終稿於會議後合理時間內寄發予全體董事，分別供其提供意見及作記錄之用。於二零二零年年內，作為奉行最佳常規的部分工作，全體董事就本集團若干業務發展進行電子通訊。該安排確保可迅速及適時地向董事提供資料，以補足正規的董事會會議。THE ATTENDANCE OF MEETINGS OF THE BOARDRegular meetings of the Board were held. During the year, the Board

438、convened 4 meetings having considered the business developments and the needs of the Company. In addition, special meetings of the Board would be held when necessary. Details of each of the Directors attendance record in full meetings of the Board are as follows:Name of DirectorFull meeting of the B

439、oard of Directors No. of attendance by Directors (Note)/No. of meetings董事姓名董事會全體會議董事出席次數 （附註） 會議次數Mr. Wang Wenjian (Honorary Chairman)王文鑒先生（名譽主席)4/4Mr. Ye Liaoning (Chairman)葉遼寧先生（主席)4/4Mr. Sun Yang孫泱先生4/4Mr. Wang Wenjie王文杰先生4/4Mr. Zhang Yuqing張余慶先生4/4Mr. Feng Hua Jun馮華君先生4/4Mr. Shao Yang Dong邵仰東先生4

440、/4Note: All of the meetings were attended by the Directors themselves, and not by an alternate.Directors are consulted for matters to be included in the agenda for regular Board meetings. Dates of regular Board meetings are scheduled at least 14 days in advance to provide sufficient notices to all D

441、irectors, ensuring that they are given an opportunity to attend. For all other Board meetings, reasonable notices will be given. Minutes of all Board meetings and meetings of committees are kept by the Company Secretary. Drafts and final versions of minutes are sent to all Directors for their commen

442、ts and record respectively, in both cases within a reasonable time after the meetings.During the year of 2020, as part of the commitment to best practices, all Directors attended electronic correspondences in respect of certain business development of the Group. Such arrangement ensured fast and tim

443、ely provision of information to Directors, to supplement the formal Board meetings.董事會會議出席記錄董事會定期舉行會議。於年內，董事會基於業務發展及本公司需要共召開4次董事會會議。此外，董事會亦會在有需要時舉行特別董事會會議。各董事出席董事會全體會議的詳細記錄如下：舜宇光學科技 （集團） 有限公司 2020 年報 61Corporate Governance Report企業管治報告BOARD COMMITTEESThe Board has established and delegated authoriti

444、es and responsibilities to four specific committees with written terms of reference to assist the Board to perform its functions effectively, namely the Audit Committee, Remuneration Committee, Nomination Committee and Strategy and Development Committee. The terms of reference for Board committees h

445、ave been published on the Groups website (http:/) and the website of the HKEXnews of the Hong Kong Stock Exchange (http:/www.hkexnews. hk) for shareholders to review.NOMINATION COMMITTEEThe Company has established a Nomination Committee with written terms of reference. The Nomination Committee compr

446、ises 3 members, namely Mr. Feng Hua Jun and Mr. Shao Yang Dong (both are independent non-executive Directors) and Mr. Wang Wenjian (non- executive Director).The principal roles and functions performed by the Nomination Committee during the year include:a) Reviewing the structure, size, composition a

447、nd diversity of the Board and making recommendations on any proposed changes to the Board to complement the Companys corporate strategy;b) Identifying individuals suitably qualified to become Board members and selecting or making recommendations to the Board on the selection of individuals nominated

448、 for directorship according to the stipulated nomination procedures;c) Assessing the independence of independent non-executive Directors according to the requirements under the Listing Rules; andd) Making recommendations to the Board on relevant matters related to the appointment or re-appointment o

449、f Directors and succession plan for Directors.董事委員會董事會已成立四個指定委員會，制定彼等須輔助董事會有效履行職能的權力及責任的書面職權範圍。董事委員會包括審核委員會、薪酬委員會、提名委員會以及策略及發展委員會。董事委員會的職權範圍已刊登在本集團網站(http:/)及香港聯交所披露易之網站(http:/www.hkexnews.hk)，以供股東查閱。提名委員會本公司已成立提名委員會，並訂有書面職權範圍。提名委員會由3名成員組成，包括獨立非執行董事馮華君先生與邵仰東先生以及非執行董事王文鑒先生。於年內，提名委員會主要執行之工作及職能包括：a) 檢討

450、董事會之架構、人數、組成及成員多元化，並就任何為配合本公司的企業策略而擬對董事會作出的變動提出建議；b) 物色有資格擔任董事會成員之人士，並按已定的提名程序挑選提名有關人士出任董事或就此向董事會提供意見；c) 根據上市規則之規定，評核獨立非執行董事之獨立性；及d) 就委任或續聘董事以及董事繼任計劃之有關事宜向董事會提出建議。Sunny Optical Technology (Group) Company Limited ANNUAL REPORT 202062Corporate Governance Report企業管治報告附註： 董事均親身出席所有會議，而非由代替者出席。提名政策董事會已採納

451、以下有關提名董事的政策 （ 提名政策 ） 。甄選標準在決定候選人是否適合時，提名委員會及董事會須考慮候選人在資歷、技能、經驗、獨立性及性別多元化方面可為董事會帶來的潛在貢獻。提名委員會及董事會須考慮下述甄選準則（並未詳盡列述） ： 候選人的個人道德、聲譽、品格和誠信； 候選人與本集團營運相關的資歷、技能、知識、業務判斷力和經驗； 本公司 （不時修訂的） 多元化政策中所訂明的多元化觀點；Meeting of the Nomination Committee is held at least once a year. 2 meetings were held in 2020. The attend

452、ance of each member at Nomination Committee meetings is as follows:Name of DirectorNomination Committee No. of attendance (Note)/No. of meetings董事姓名提名委員會出席次數 （附註） 會議次數Mr. Feng Hua Jun (Chairman)馮華君先生（主席)2/2Mr. Wang Wenjian王文鑒先生2/2Mr. Shao Yang Dong邵仰東先生2/2Note: All of the meetings were attended by t

453、he Directors themselves, and not by an alternate.NOMINATION POLICYThe Board has adopted the following policy for the nomination of directors (the “Nomination Policy”).Selection CriteriaIn determining the suitability of a candidate, the Nomination Committee and the Board shall consider the potential

454、contributions a candidate can bring to the Board in terms of qualifications, skills, experience, independence and gender diversity. The Nomination Committee and the Board shall consider the following selection criteria, which are not meant to be exhaustive: the candidates personal ethics, reputation

455、, character and integrity; the candidates qualifications, skills, knowledge, business judgment and experience that are relevant to the operations of the Group; the diversity perspectives set out in the Board Diversity Policy of the Company (as amended from time to time);提名委員會每年最少舉行1次會議，二零二零年內舉行了2次會議

456、。各委員會成員出席提名委員會會議的記錄如下：舜宇光學科技 （集團） 有限公司 2020 年報 63Corporate Governance Report企業管治報告 the candidates availability including time commitment to discharge his or her responsibility as a Director, including being able to devote sufficient time to attend Board meetings, participate in induction, trainings

457、and other Board and Company associated activities (In the case of a candidate who will be nominated as an independent non-executive Director will be holding his or her seventh (or more) listed company directorship, the Nomination Committee should consider the reasons given by the candidate for being

458、 able to devote sufficient time to discharge his or her responsibility as an independent non-executive Director); the candidate for the position of an independent non-executive Director must comply with the independence criteria as prescribed under the Listing Rules (as amended from time to time); t

459、he current size and composition of the Board, the needs of the Board and the respective committees of the Company; the succession planning of members of the Board to ensure the leadership continuity and smooth functioning of the Group; and any other factors that the Nomination Committee and/or the B

460、oard may consider appropriate.The Nomination Committee and the Board shall ensure that the composition of the Board is in conformity with the laws of the Cayman Islands, the Listing Rules and all other applicable laws and regulations.Nomination ProceduresThe recruitment, identification, evaluation,

461、recommendation, nomination, selection and new appointment or re-appointment of each proposed Director shall be assessed and considered by the Nomination Committee and the Board against the Selection Criteria as set out in this Nomination Policy. 候選人就履行其董事職責能投入的時間，包括能投入足夠時間出席董事會會議，入職引介、培訓及其他與董事會及本公司相

462、關之活動 （如果將被提名為獨立非執行董事的候選人將出任他她第七家 （或以上） 上市公司董事職務，提名委員會應考慮候選人提供的理由以顯示他她能夠投放足夠時間履行其作為獨立非執行董事的職責） ； 獨立非執行董事的候選人必須符合 （不時修訂的） 上市規則所載之獨立性標準； 董事會現時的規模和組成、董事會及本公司各委員會的需要； 董事會成員的繼任計劃，以確保本集團的領導連續性及平穩運作；及 提名委員會及或董事會認為適合的任何其他因素。提名委員會和董事會應確保董事會的組成符合開曼群島法例、上市規則和所有其他適用法律法規。提名程序每位擬委任董事的招聘、物色、評估、推薦、提名、甄選及新委任或重新委任均應由提

463、名委員會及董事會根據本提名政策中載列的甄選標準進行評估及考慮。Sunny Optical Technology (Group) Company Limited ANNUAL REPORT 202064Corporate Governance Report企業管治報告In the context of appointment of any proposed candidate to the Board: the Nomination Committee may take such measures that it considers appropriate in connection with

464、its identification and evaluation of candidates, including but not limited to considering referrals from the Directors, shareholders, management and advisors of the Company; the Nomination Committee shall identify and ascertain the character, qualification, knowledge and experience of the candidate

465、and undertake adequate due diligence in respect of such candidate; and the Nomination Committee shall make recommendations by submitting the candidates personal profile to the Board for its consideration.In the context of re-appointment of any existing member of the Board, the Nomination Committee s

466、hall make recommendations to the Board for its consideration and recommendation for the candidate to stand for re-election at a general meeting.For each proposed new appointment or re-appointment of a Director, the Nomination Committee shall obtain all applicable declarations and undertaking as requ

467、ired under the laws of the Cayman Islands and the Listing Rules (as amended from time to time).In the case of a nomination for the position of an independent non- executive Director, the Nomination Committee shall ensure that the concerned candidate meets the independence criteria as prescribed unde

468、r the Listing Rules.The Board shall have the final decision on all matters relating to the recommendation of candidates to stand for election (and re-election) at a general meeting.The ultimate responsibility for the selection and appointment of Directors rests with the entire Board.就委任任何董事會候選人而言： 提

469、名委員會可採取其認為合適的措施以物色及評估候選人，包括但不限於考慮本公司董事、股東、管理層及顧問的推薦； 提名委員會辨識並確定候選人的品格、資歷、知識和經驗，並就該候選人進行充分的盡職審查；及 提名委員會須就有關推薦將候選人的個人簡介交予董事會考慮。就重新委任任何現有董事會成員而言，提名委員會須提交建議供董事會考慮及推薦候選人在股東大會上參與重選。就每位擬新委任或重新委任董事而言，提名委員會應根據開曼群島法例及上市規則 （經不時修訂） 取得所有適用的聲明和承諾。在提名獨立非執行董事的情況下，提名委員會須確保該相關候選人符合上市規則所載之獨立性標準。對推薦候選人於股東大會上參選 （及重選） 的所

470、有事宜，董事會擁有最終決定權。甄選及委任董事的最終責任由董事會全體負責。舜宇光學科技 （集團） 有限公司 2020 年報 65Corporate Governance Report企業管治報告Review and MonitoringThe Nomination Committee will from time to time review the Nomination Policy and monitor its implementation to ensure the effectiveness and compliance with the regulatory requirements

471、 at the relevant time and good corporate governance practice.The Nomination Committee shall, when necessary, recommend revisions to the Nomination Policy to the Board for its consideration and approval.BOARD DIVERSITY POLICYThe Board has adopted the following board diversity policy (the “Board Diver

472、sity Policy”).Background and VisionPeople-oriented and diversity is one of the Companys core value. The Company recognises and embraces the benefits of having a diverse Board to enhance the quality of its performance.Policy StatementThe Company believes that board diversity can enhance decision-maki

473、ng capability and a diverse board is more effective in dealing with organisational changes and less likely to suffer from group thinking. With a view to achieving a sustainable and balanced development, the Company sees increasing diversity at the Board level as an essential element in supporting th

474、e attainment of its strategic objectives and its sustainable development.In designing the Boards composition, Board diversity has been considered from a wide range of aspects, including but not limited to gender, age, cultural and educational background, ethnicity, professional experience, business

475、perspectives, skills, knowledge and length of service, and any other factors that the Board may consider relevant and applicable from time to time. High emphasis is placed on ensuring a balanced composition of skills and experience for the Board members in order to provide a range of perspectives, i

476、nsights and challenges that enable the Board to discharge its duties and responsibilities effectively, support good decision making in view of the core business and strategy of the Group, and support succession planning and development of the Board.檢討及監察提名委員會將不時檢討提名政策及監察其實施，以確保提名政策行之有效，並在相應時間遵照監管規定及

477、良好企業管治實務。提名委員會將在有需要時向董事會建議提名政策的修訂，供董事會考慮及批准。董事會成員多元化政策董事會已採納以下董事會成員多元化政策 （ 董事會成員多元化政策 ） 。背景與願景以人為本及多元化是本公司的核心價值之一。本公司明白並深信董事會成員多元化對提升公司表現裨益良多。政策聲明本公司相信董事會成員多元化能提高決策能力，而且一個多元化的董事會能更有效地處理組織的變化，並可較少受到群體思維的影響。為達致可持續及均衡的發展，本公司視提升董事會層面的多元化為支持其達到戰略目標及其可持續發展的關鍵因素。在設定董事會成員組合時，會從不同層面考慮董事會成員多元化，包括但不限於性別、年齡、文化及

478、教育背景、種族、專業經驗、營商視野、技能、知識及服務任期，以及董事會不時認為相關及適用的任何其他因素，並著重於確保董事會成員的技能及經驗組合均衡分佈，以提供不同觀點、見解和提問，讓董事會可以有效地履行其職務及職責、就本集團的核心業務及策略制定良策，以及配合董事會的繼任計劃及發展。Sunny Optical Technology (Group) Company Limited ANNUAL REPORT 202066Corporate Governance Report企業管治報告Board DiversityThe current Boards composition under divers

479、ified perspectives is summarized as below:NameYe LiaoningSun YangWang WenjieWang WenjianZhang YuqingFeng Hua JunShao Yang Dong姓名葉遼寧孫泱王文杰王文鑒張余慶馮華君邵仰東 GenderMaleMaleMaleMaleMaleMaleMale性別男男男男男男男 Age年齡55485373735751 Skills/knowledge/ professional experience:技能知識專業經驗： Financial management財務管理 Operation

480、management運營管理 Capital market資本市場 Risk management風險管理 Strategic planning戰略規劃 Board committee leadership experience董事委員會領導經驗 Optical industry and other related industries experience光學行業及其他相關行業經驗董事會成員多元化多元化層面下的現時董事會組成概述如下：舜宇光學科技 （集團） 有限公司 2020 年報 67Corporate Governance Report企業管治報告Measurable Objective

481、sSelection of candidates will be based on the Companys Nomination Policy and will take into account of the Board Diversity Policy. The ultimate decision will be based on merits and contributions that the selected candidates will bring to the Board, considering the benefits of diversity on the Board

482、and also the needs of the Board without focusing on a single diversity aspect.The Board would ensure that appropriate balance of board diversity is achieved with reference to stakeholders expectation and international and local recommended best practices. The Board also aspires to having an appropri

483、ate proportion of directors who have direct experience in the Groups core markets, with different ethnic backgrounds, and reflecting the Groups strategy.Continuous MonitoringThe Board reviews regularly and assesses annually on the Groups diversity profile including gender balance of the Directors, s

484、enior management and employees, and its progress in achieving its diversity objectives. The Nomination Committee will discuss any revisions on the Board Diversity Policy that may be required, and recommend any such revisions to the Board for its consideration and approval.REMUNERATION COMMITTEEThe C

485、ompany has established the Remuneration Committee with written terms of reference. The members of the Remuneration Committee included Mr. Shao Yang Dong, Mr. Feng Hua Jun and Mr. Zhang Yuqing (all are independent non-executive Directors).The principal roles and functions performed by the Remuneratio

486、n Committee during the year included:(a) Making recommendations to the Board on the Companys policy and structure of the remuneration of all Directors and senior management;(b) Assessing the performance of the executive Directors;可計量目標甄選董事人選將會根據本公司的提名政策進行，並同時會考慮董事會成員多元化政策。最終決定將根據相關人選的長處及其可為董事會作出的貢獻，

487、當中會考慮對董事會成員多元化的裨益以及董事會的需要，不會只側重單一的多元化層面。董事會將因應持份者的期望及參考國際和本地的建議最佳慣例確保董事會達致成員多元化的適當平衡。董事會亦力求董事組合中有適當比例的成員具備本集團核心市場的直接經驗、不同種族背景，以體現本集團的策略。持續監督董事會定期檢討及每年評估本集團的多元化狀況，包括董事會、高級管理層及僱員的性別平衡，以及實現多元化目標的進度。提名委員會將討論可能須對董事會成員多元化政策作出的任何修訂，並向董事會建議任何有關修訂供其考慮及批准。薪酬委員會本公司已成立薪酬委員會，並訂有書面職權範圍。薪酬委員會成員包括邵仰東先生、馮華君先生及張余慶先生

488、（均為獨立非執行董事） 。於年內，薪酬委員會主要執行之工作及職能包括：(a) 就本公司董事及高級管理層之全體薪酬政策及架構向董事會提出建議；(b) 評估執行董事的表現；Sunny Optical Technology (Group) Company Limited ANNUAL REPORT 202068Corporate Governance Report企業管治報告附註： 董事均親身出席所有會議，而非由代替者出席。審核委員會本公司已成立審核委員會，並訂有書面職權範圍。審核委員會所有成員已審閱本集團截至二零二零年十二月三十一日止年度之經審核全年業績。審核委員會成員包括張余慶先生、馮華君先生及

489、邵仰東先生 （均為獨立非執行董事） 。(c) Approving the terms of Directors service contracts, determining the specific remuneration packages of all executive Directors and senior management and making recommendations to the Board on the remuneration of the non-executive Directors;(d) Reviewing and approving remunerati

490、on by reference to corporate goals resolved by the Board from time to time; and(e) Reviewing and approving the compensation payable to executive Directors and senior management in connection with resignation or termination of their positions or appointments.The meeting of the Remuneration Committee

491、is held at least once a year and when required. 2 meetings were held in 2020. The Remuneration Committee has reviewed and approved the remunerations and bonus payable to executive Directors and senior management for the financial year. The chairman of the Remuneration Committee has reported to the B

492、oard on the proceedings of the meeting. Details of the amount of Directors emoluments of 2020 are set out in Note 13 to the consolidated financial statements. The attendance of each member at Remuneration Committee meetings is as follows:Name of DirectorRemuneration Committee No. of attendance (Note

493、)/No. of meetings董事姓名薪酬委員會出席次數 （附註） 會議次數Mr. Shao Yang Dong (Chairman)邵仰東先生（主席)2/2Mr. Feng Hua Jun馮華君先生2/2Mr. Zhang Yuqing張余慶先生2/2Note: All of the meetings were attended by the Directors themselves, and not by an alternate.AUDIT COMMITTEEThe Company has established the Audit Committee with written te

494、rms of reference. The Groups audited final results for the year ended 31 December 2020 were reviewed by all the members of the Audit Committee, namely Mr. Zhang Yuqing, Mr. Feng Hua Jun and Mr. Shao Yang Dong (all are independent non-executive Directors).(c) 通過董事服務合約的條款，負責釐定全體執行董事及高級管理層之特定薪酬待遇，並就非執行

495、董事之薪酬向董事會提供建議；(d) 參照董事會通過的企業目標，不時檢討及批准薪酬；及(e) 檢討及批准向執行董事及高級管理層支付有關離職或終止職務之賠償或委任。薪酬委員會每年最少舉行一次會議，亦會在有需要時舉行會議，二零二零年年內舉行了2次會議。薪酬委員會已審閱並批准財政年度應付執行董事及高級管理層的酬金及花紅。薪酬委員會主席已向董事會匯報該會議的議事程序。二零二零年董事酬金金額詳情載於綜合財務報表附註13。各委員會成員出席薪酬委員會會議的記錄如下：舜宇光學科技 （集團） 有限公司 2020 年報 69Corporate Governance Report企業管治報告All issues ra

496、ised by the Audit Committee have been addressed by the management. The work done and findings of the Audit Committee have been reported to the Board. During the year, the issues which were brought to the attention of the management and the Board were not material and therefore no discussion and disc

497、losure are required in this Annual Report. Full minutes of Audit Committee meetings are kept by the Company Secretary. Drafts and final versions of minutes are sent to all members of the Audit Committee for their comments and record respectively, in both cases within a reasonable time after the meet

498、ing. Sufficient resources (including the advice of external auditor) will be allocated to the Audit Committee to discharge its duties.The principal roles and functions performed by the Audit Committee include:(a) Considering and making recommendations to the Board on the appointment, re-appointment

499、and removal of external auditors, and approving their remuneration, and addressing any question of their resignation and dismissal;(b) Reviewing and monitoring the integrity of the financial statements of the Group together with the Companys interim and annual reports;(c) Maintaining an appropriate

500、relationship with the Groups external auditors;(d) Reviewing the continuing connected transactions; and(e) Overseeing the Groups financial control and internal control.For the year ended 31 December 2020, 2 Audit Committee meetings were held. The Audit Committee has reviewed the annual report for th

501、e year ended 31 December 2019, external auditors remuneration, internal control system and interim report for the period ended 30 June 2020 at the relevant meetings and reached unanimous consent to recommend the aforesaid be approved by the Board. The chairman of the Audit Committee reported to the

502、Board on the proceedings of these meetings. The Board has not taken any view that deviated from that of the Audit Committee.審核委員會提出的事項全部交予管理層處理，而審核委員會的工作及調查結果則向董事會報告。年內，向管理層及董事會提出的事宜概非重大，故毋須在本年報討論及披露。審核委員會的會議記錄全文由公司秘書保管，而會議記錄初稿及終稿已於會議後合理時間內寄發予審核委員會全體成員，分別供其提供意見及作記錄之用。審核委員會獲調配充分資源 （包括外聘核數師的意見） 來履行職責。

503、審核委員會主要執行之工作及職能包括：(a) 考慮外聘核數師之委任、續聘及罷免之事宜，並就此向董事會提供建議，批准外聘核數師之薪酬，以及處理任何有關其辭任及罷免之事宜；(b) 審閱及監察本集團財務報表及本公司中期及年度報告之完整性；(c) 與本集團外聘核數師維持適當關係；(d) 審閱持續關連交易；及(e) 監督本集團之財務監控及內部監控。截至二零二零年十二月三十一日止年度，審核委員會共舉行2次會議。會上，審核委員會已審閱截至二零一九年十二月三十一日止年度之年報、外聘核數師酬金、內部監控系統及截至二零二零年六月三十日止期間之中期報告，並達成一致決定，同意推薦董事會批准上述事宜。審核委員會主席已就上

504、述會議議事程序向董事會作出報告。董事會與審核委員會之觀點並無分歧。Sunny Optical Technology (Group) Company Limited ANNUAL REPORT 202070Corporate Governance Report企業管治報告附註： 董事均親身出席所有會議，而非由代替者出席。策略及發展委員會本公司的策略及發展委員會由5名成員組成，包括執行董事葉遼寧先生、孫泱先生及王文杰先生、非執行董事王文鑒先生以及獨立非執行董事馮華君先生。策略及發展委員會主要負責就本集團的業務發展策略以及光學相關產品的國際市場前景向董事會提供意見。該委員會的成員應包含本地及國際的光

505、學行業及其他相關行業的專家。截至二零二零年十二月三十一日止年度，策略及發展委員會共舉行4次會議。於年內，策略及發展委員會處理本集團發展策略及新發展規劃及其實施情況相關的事宜。Furthermore, another meeting was held on 17 March 2021 to review, inter alia, the annual report and financial statements of the Group for the year ended 31 December 2020, the report from external auditor on the au

506、dit of the Groups financial statements, the continued non- exempt connected transactions, internal control system review and the re-appointment of external auditor.The attendance of each member at Audit Committee meetings is as follows:Name of DirectorAudit Committee No. of attendance (Note)/No. of

507、meetings董事姓名審核委員會出席次數 （附註） 會議次數Mr. Zhang Yuqing (Chairman)張余慶先生（主席）2/2Mr. Feng Hua Jun馮華君先生2/2Mr. Shao Yang Dong邵仰東先生2/2Note: All of the meetings were attended by the Directors themselves, and not by an alternate.STRATEGY AND DEVELOPMENT COMMITTEEThe Companys Strategy and Development Committee compr

508、ises 5 members, namely Mr. Ye Liaoning, Mr. Sun Yang and Mr. Wang Wenjie (all are executive Directors), Mr. Wang Wenjian (a non- executive Director) and Mr. Feng Hua Jun (an independent non- executive Director). The primary duty of the Strategy and Development Committee is to advise the Board on the

509、 Groups strategy for business development and future prospects in the international market for optical related products. It is intended that members of this committee shall consist of local and international experts in the optical industry and other related industries. For the year ended 31 December

510、 2020, 4 meetings were held by the Strategy and Development Committee. During the year, the Strategy and Development Committee handled matters in relation to the development strategy of the Group and the new development plan of the Group and their implementation.此外，審核委員會亦於二零二一年三月十七日舉行另一次會議，以審閱 （其中包括

511、） 本集團截至二零二零年十二月三十一日止年度之年報及財務報表、外聘核數師就審核本集團財務報表所發出之報告、持續不獲豁免之關連交易、檢討內部監控系統及續聘外聘核數師事宜。各委員會成員出席審核委員會會議的記錄如下：舜宇光學科技 （集團） 有限公司 2020 年報 71Corporate Governance Report企業管治報告附註： 董事均親身出席所有會議，而非由代替者出席。企業管治職能董事會於二零一一年十二月二十二日採納企業管治職能職權範圍，以遵守於二零一二年四月一日採納的企業管治守則的守則條文第D.3條。根據企業管治職能職權範圍，董事會負責制定、審閱及或監察本公司企業管治的政策及常規；對

512、董事及高級管理層進行培訓及持續專業發展；以及檢討及監察本公司在遵守法律及監管規定方面的政策及常規等。董事會已履行上述企業管治職能，且就履行企業管治職能已審閱此企業管治報告。董事進行證券交易本公司已採納上市規則附錄十所載的上市發行人董事進行證券交易的標準守則 （ 標準守則 ） 。經向董事作出有關證券交易的具體查詢後，全體董事已確認，其於截至二零二零年十二月三十一日止年度一直遵守有關董事進行證券交易的標準守則。The attendance of each member at Strategy and Development Committee meetings is as follows:Name

513、 of DirectorStrategy and Development Committee No. of attendance (Note)/No. of meetings董事姓名策略及發展委員會出席次數 （附註） 會議次數Mr. Ye Liaoning (Chairman)葉遼寧先生（主席)4/4Mr. Sun Yang孫泱先生4/4Mr. Wang Wenjie王文杰先生4/4Mr. Wang Wenjian王文鑒先生4/4Mr. Feng Hua Jun馮華君先生4/4Note: All of the meetings were attended by the Directors th

514、emselves, and not by an alternate.CORPORATE GOVERNANCE FUNCTIONThe Board adopted the terms of reference for the corporate governance functions on 22 December 2011 in compliance with the code provision D.3 of the Corporate Governance Code which was adopted on 1 April 2012. Pursuant to the terms of re

515、ference of the corporate governance function, the Board shall be responsible for developing, reviewing and/or monitoring the policies and practices on corporate governance of the Company; carrying out training and continuous professional development of Directors and senior management; and reviewing

516、and monitoring compliance with policies and practices in legal and regulatory requirements of the Company. The Board has performed the above-mentioned corporate governance functions and this corporate governance report has been reviewed by the Board in discharge of its corporate governance functions

517、.SECURITIES TRANSACTIONS BY DIRECTORSThe Company has adopted the Model Code for Securities Transactions by Directors of Listed Issuers (the “Model Code”) as set out in Appendix 10 of the Listing Rules. After having made specific enquiry with regard to securities transactions by the Directors, all Di

518、rectors have confirmed their compliance with the required standards set out in the Model Code regarding Directors securities transactions for the year ended 31 December 2020.各委員會成員出席策略及發展委員會會議的記錄如下：Sunny Optical Technology (Group) Company Limited ANNUAL REPORT 202072Corporate Governance Report企業管治報告

519、EXTERNAL AUDITORSThe Board agrees with the Audit Committees approval of appointment of Deloitte Touche Tohmatsu (the “Deloitte”) as the Companys external auditors for 2020. Its reporting responsibilities on the financial statements are set out in the Independent Auditors Report of this Annual Report

520、 on pages 117 to 122. Details of the amount of auditors remuneration in 2020 are set out in Note 10 to the consolidated financial statements. The Company has also paid fees amounting to HK$3,650,000 to the auditor for audit service and review service as a reporting accountant during the year. Beside

521、s these, Deloitte also provided tax filing services and consulting services to the Company and charged a service fee of approximately RMB568,254. Other than as disclosed above, Deloitte did not provide any other services to the Group.Deloitte will retire and offer themselves for re-appointment at AG

522、M of the Company to be held on 25 May 2021. The re-appointment of Deloitte as the external auditors of the Group has been recommended by the Audit Committee and endorsed by the Board, subject to the shareholders approval in the forthcoming AGM.FINANCIAL REPORTINGThe Directors are responsible for kee

523、ping formal accounting records and preparing the financial statements which give a true and fair view of the state of affairs of the Company and its subsidiaries, in accordance with Hong Kong Financial Reporting Standards and the disclosure requirements of the Hong Kong Companies Ordinance. In prepa

524、ring the financial statements for the year ended 31 December 2020, the Directors have made judgments and estimates that are prudent and reasonable and prepared the financial statements on a going concern basis.Management has provided such explanation and information to the Board as it would enable t

525、he Board to make an informed assessment of the financial and other information during the Boards approval.The statement by the auditor of the Company about its responsibilities for the financial statements is set out in the independent auditors report contained in this Annual Report.外聘核數師董事會同意按審核委員會

526、的意見，委聘德勤 關黃陳方會計師行 （ 德勤 ） 為本公司二零二零年的外聘核數師。其對財務報表的申報責任載於本年報第117至122頁的獨立核數師報告。二零二零年核數師酬金數額詳情載於綜合財務報表附註10。本公司亦已向核數師就年內擔任申報會計師支付3,650,000港元的核數服務及審閱服務費用。此外，德勤亦向本公司提供稅務申報及諮詢服務並收取服務費用約人民幣568,254元。除以上所披露外，德勤並沒有對本集團提供其他服務工作。德勤將會於二零二一年五月二十五日舉行的本公司股東週年大會退任並願意獲得續聘。審核委員會建議續聘德勤為本集團外聘核數師，而董事會亦贊同有關建議，惟須待股東於應屆股東週年大會批

527、准方可作實。財務申報董事負責保存正式會計記錄，並根據香港財務報告準則及香港公司條例的披露規定編製可真實及公平反映本公司及其附屬公司狀況的財務報表。編製截至二零二零年十二月三十一日止年度的財務報表時，董事作出審慎合理的判斷和估計，並按持續經營基準編製財務報表。管理層已向董事會提供解釋及資料，使董事會在審批時可對財務及其他資料作出知情評核。本公司核數師有關財務報表的責任陳述已載於本年報獨立核數師報告。舜宇光學科技 （集團） 有限公司 2020 年報 73Corporate Governance Report企業管治報告董事會呈列公正、清晰及易明的評估之責任適用於年報及中期報告、其他股價敏感資料之公

528、告及其他根據上市規則的規定須作出的財務披露、向監管機構提交的報告以及根據法定要求須予披露的資料。內部監控董事會負責監察本集團的內部監控系統並每年檢討其有效性，董事會、本集團內部審計部和管理層則檢討本公司以及其附屬公司內部監控系統的有效性。審核委員會審議本集團內部審計部和管理層對本公司內部監控系統有效性的調查結果和意見，並向董事會匯報審議結果。董事會認為截至二零二零年十二月三十一日止年度的內部監控系統足夠且有效，並無出現可能影響股東的重要事項。本集團的內部審計部應確保本公司的內部監控健全有效，可維護股東的投資權益及本集團的資產安全。內部審計部的主要職能是審核本公司各附屬公司的經營效益、審核主要管

529、理人員的辭任、協助董事會審核本集團內部監控系統的有效性、審閱業務流程內部監控、審核全面風險管理落實情況、推動反舞弊建設及審核個別項目 （如關連人士交易合規性及發出商品審核報告） 。董事會每年進行本集團內部監控評估，其中包括財務、營運合規監控與風險管理職能。The Boards responsibility is to present a balanced, clear and understandable assessment extended to annual and interim reports, other price-sensitive announcements and othe

530、r financial disclosures required under the Listing Rules, and reports to regulators as well as information required to be disclosed pursuant to statutory requirements.INTERNAL CONTROLThe Board is responsible for monitoring the Groups internal control system and reviewing its effectiveness annually.

531、The Board, the Groups internal audit department and the management review the effectiveness of the internal control system of the Company and its subsidiaries. The Audit Committee reviews the findings and opinions of the Groups internal audit department and the management on the effectiveness of the

532、 Companys internal control system, and reports to the Board on such reviews. In respect of the year ended 31 December 2020, the Board considered the internal control system is adequate and effective. No significant areas of concern which might affect the shareholders were identified.The internal aud

533、it department of the Group should ensure that the Company maintains sound and effective internal controls to safeguard the shareholders investment interests and the Groups assets safety. The main functions of the internal audit department are to audit the operating efficiencies of each subsidiary of

534、 the Company, to audit upon resignation of key management personnel, to assist the Board in reviewing the effectiveness of the internal control system of the Group, to review internal control of business processes, to audit the implementation of overall risk management, to promote the construction o

535、f anti-malpractice and to audit individual projects (such as compliance of related party transactions and audit report of goods in transit). Evaluation of the Groups internal controls covering financial, operational compliance controls and risk management functions will be conducted annually by the

536、Board.Sunny Optical Technology (Group) Company Limited ANNUAL REPORT 202074Corporate Governance Report企業管治報告ENTERPRISE RISK MANAGEMENTThe Board is responsible for the effectiveness of the risk management and has authorized the Audit Committee to act as the professional committee to professionally re

537、view the risk management reports submitted by the management, ensuring that the management has fulfilled its responsibilities to establish effective risk management and internal control systems, and review them annually. Systems and procedures have been established by the Group to identify, assess,

538、manage and monitor various risks including strategy, financing, market, operation and compliance that may have impacts on the Group and each major department. In respect of the year ended 31 December 2020, the Board considered that the risk management is adequate and effective.The Company has built

539、an enterprise risk management (“ERM”) system with a view to enhancing the risk management and corporate governance practice, and improving the effectiveness and efficiency of internal control systems across the whole Group.The Group has organised and established a risk management group (“Risk Manage

540、ment Group”) headed by the Chief Executive Officer, responsible for daily management related to risks of the Group. All of the Groups subsidiaries have also established their risk management teams, responsible for risk management of their own. At the same time, the Group has engaged a world-renowned

541、 consultant institution as the risk management consultant to assist the Group in building effective risk management overall framework so as to ensure the adequacy of resources, staff qualifications and experience, staff training programmes and relevant budget of the Groups risk management, internal

542、audit and reporting function.The Board believes that a heightened focus on risk and compliance is beneficial for the ongoing development and growth of the Company as well as its staff. In establishing the ERM system, all key functions of the Company were carried out by the Risk Management Group of t

543、he Group to undertake the following exercises:1. Enterprise risk assessment to identify and prioritise the Groups key business risks;2. Enterprise risk response to assess the related internal controls and risk mitigating measures;企業風險管理董事會對風險管理工作的有效性負責，並授權審核委員會作為專業委員會，專業審閱管理層提交的風險管理報告，確保管理層已履行建立有效的風

544、險管理及內部監控系統的職責，並每年對其進行檢討。本集團已建立系統及程序以識別、評估、管理及監控各種可能影響本集團及各主要部門的風險，包括戰略、財務、市場、運營及合規等方面的風險。董事會認為截至二零二零年十二月三十一日止年度的風險管理工作足夠且有效。為增強本集團整體的風險管理及企業管治常規，並提高內部監控系統的有效性及效率，本公司已建立企業風險管理 （ 企業風險管理 ） 系統。本集團已組建了由總裁擔任組長的風險管理工作小組 （ 風險管理工作小組 ） ，負責本集團風險相關的日常管理工作。本集團所有附屬公司亦成立了風險管理工作團隊，負責各自公司的風險管理工作。同時，本集團聘請國際知名諮詢機構擔任風險

545、管理顧問，協助本集團構建有效的風險管理整體框架，以確保本集團在風險管理、內部審核及匯報職能方面的資源、員工資歷及經驗、員工所接受的培訓課程及有關預算是足夠的。董事會認為，高度專注於風險及合規情況有利於本公司及其員工的持續發展及成長。於建立企業風險管理系統時，本公司所有關鍵職能均由本集團風險管理工作小組執行，並推行以下舉措：1. 企業風險評估識別本集團主要業務風險並區分優先次序；2. 企業風險應對評估相關內部監控及降低風險的措施；舜宇光學科技 （集團） 有限公司 2020 年報 75Corporate Governance Report企業管治報告3. Risk management imple

546、mentation monitoring to review the inspection report on implementation of risk management and follow up with the response situation monthly;4. Build the library of key risk indicators to recognise existing risk monitoring indicators, monitor the running conditions of the indicators and timely make r

547、isk warning;5. Improve the risk checklist to identify and build a risk checklist which is suitable to the actual situation of the Company;6. Risk management is included in the performance evaluation of the Company; and7. Risk management digitalization construction timely present risk management dash

548、board of the Company.Summary of Work in 2020During the year, the Risk Management Group of the Group reported to the Audit Committee on the annual risk assessment and internal control reviews. Its work in 2020 included:Optimized the risk management system framework Optimized the Groups risk managemen

549、t objectives, principles and the forms of organization; Formulated the three-year plan of risk management and the risk management work plan for the coming year; Improved the Groups risk management policy, issued policies including the risk management procedures and risk management performance apprai

550、sal; Established three lines of defense of risk management, and improved the function of each line of defense of ERM; Formulated the procedures of identifying and regulating key risk indicators (“KRI”); and Optimized the basic procedures of ERM and formed the six-steps method in risk management.3. 風

551、險管理落實情況監督審議風險管理落實情況檢查報告且每月跟進應對情況；4. 建立關鍵風險指標庫識別現有風險監控指標，監控指標的運行情況，並及時進行風險預警；5. 完善風險清單庫識別並建立符合本公司實際情況的風險清單庫；6. 風險管理納入本公司績效考核；及7. 風險管理數字化建設，適時展示本公司風險管理儀表盤。二零二零年工作概要於年內，本集團風險管理工作小組就年度風險評估及內部監控檢討向審核委員會進行了報告。二零二零年其工作包括：優化風險管理體系框架 優化本集團風險管理目標、原則及組織方式； 制定風險管理三年規劃及下一年度風險管理工作計劃； 完善本集團風險管理政策，發佈風險管理程序及風險管理績效考核

552、等政策； 建立風險管理三道防線，並完善企業風險管理各道防線職能； 制定關鍵風險指標 （ KRI ） 識別及監管流程；及 優化企業風險管理基本流程，形成風險管理六步法。Sunny Optical Technology (Group) Company Limited ANNUAL REPORT 202076Corporate Governance Report企業管治報告Self-assessment on risk management Organized risk management training and self-assessment coaching for each busines

553、s segment and department; Organized risk identification and assessment in each business segment and department to formulate specific contingency plan for key risks and generate risk management self-assessment report; and Issued the risk management self-assessment report of the Group and submitted to

554、 the Audit Committee for review.Optimized and expanded the database of risk management Optimized the risk management checklist and unified the language of risk management; Expanded the KRI identification work for each business segment and department; and Conducted pilot project on the establishment

555、of key risk event database.Raised risk awareness and talent development Empowered personnel of every level with risk management capabilities; and Established a team of professional talents for risk management in each business segment and department;Normalized risk management Reviewed the adequacy an

556、d effectiveness of the Groups risk management system, and reviewed significant and emerging risks with department heads; Monitored the operating results of the KRI every month and gave a timely warning on the indicator results;風險管理自評 組織各事業分部及部門進行風險管理培訓及自評輔導； 組織各事業分部和部門風險識別及評估，針對重點風險制定具體應對計劃，形成風險管理自我

557、評估報告；及 出具本集團風險管理自評報告，提交審核委員會審閱。優化、擴充風險管理庫 優化風險管理清單庫並統一風險管理語言； 擴充各事業分部和部門KRI的識別工作；及 試點重點風險事件庫建設。提升風險意識及人才培養 各層級人員風險管理能力賦能；及 各事業分部和部門建設風險管理專業人才隊伍；風險管理常態化 檢討本集團風險管理系統是否足夠和有效並與部門主管檢討重大風險及新興風險； 每月監控KRI運行結果，並對指標結果進行及時預警；舜宇光學科技 （集團） 有限公司 2020 年報 77Corporate Governance Report企業管治報告 Monitored the implementat

558、ion of the risk response measures every month and revised the response plan in a timely manner; Conducted internal control review of key business processes of each business segment and department; The internal audit department independently reviewed the adequacy and effectiveness of the risk managem

559、ent system framework and submitted the review results and recommendations on improvement to the Audit Committee; Collected the major risk events from each business segment and department every month and formed a risk event database; Risk management review meetings were held regularly by each busines

560、s segment and department; and The Group held the annual conclusion meeting of risk management and initiated the self-assessment of risk management for 2021.Risk Management Policy FrameworkEffective risk management and internal control systems are critical in achieving the Groups strategic objectives

561、. The Group has established a risk management policy framework, which is approved by the Board and the Audit Committee, and executed by the Risk Management Group. It authorizes the Group to mandates a consistent and effective approach applied across the Group to fully manage the risks associated wit

562、h strategies, financing, operations, market and compliance.The following key processes are adopted under the Groups ERM framework: 每月監控風險應對措施落實情況，並及時修訂應對計劃； 各事業分部和部門重點業務流程內控審閱； 內部審計部獨立審閱風險管理體系建設的充足性及有效性，把審閱結果及改善建議提交到審核委員會； 每月收集各事業分部和部門重要風險事件，並形成風險事件庫； 各事業分部和部門定期召開風險管理檢討會議；及 本集團召開風險管理年度總結會議，啟動二零二一年風險

563、管理自評。風險管理政策框架有效的風險管理及內部監控系統對實現本集團的戰略目標至關重要。本集團已制定風險管理政策框架，由董事會及審核委員會審核通過，並由風險管理工作小組執行，授權本集團採用貫徹一致及有效的方針，充分管理與戰略、財務、運營、市場及合規相關的風險。本集團企業風險管理框架遵循以下原則和主要流程：Sunny Optical Technology (Group) Company Limited ANNUAL REPORT 202078Corporate Governance Report企業管治報告To consolidate the framework and establish the

564、 model for the three lines of defense of risk management according to The Committee of Sponsoring Organizations of the Treadway Commission (“COSO”) : ?董事會審核委員會The Board/ Audit CommitteeThe Board/ Audit Committee is the top decision-making body of risk management of the Company內部審計部Internal Audit Dep

565、artment 風險管理工作小組Risk Management Group運營部門Operational Department第二道防線Second line of defense第一道防線First line of defense第三道防線Third line of defense戰略發展中心Strategic Development Center人力資源部Human Resources Department財務部Financial Department法務部Legal Affairs Department信息技術部Information Technology Department辦公室Ad

566、ministration Office供應鏈中心Supply Chain Center研發中心R&D Center營銷中心Marketing Center製造中心Manufacturing Center?董事會審核委員會是本公司風險管理的最高決策機構The second line of defense is mainly responsible for coordinating the planning, construction, maintenance and enhancement of the risk management and internal control system.Th

567、e first line of defense mainly conducts the collection of initial risk information and risk identification, proactively implements risk response plans and participate in the construction of risk manage-ment culture.The third line of defense is mainly responsible for examin-ing, auditing and monitori

568、ng the overall risk management works of the first and second lines of defense.第一道防線主要進行風險初始信息收集和風險識別、積極實施風險應對方案，參與風險管理文化建設。第二道防線主要負責風險管理及內部管制體系的協調規劃及統籌、建設、維護和提升。第三道防線主要負責對第一及第二道防線的全面風險管理工作進行稽核、審計和監察。根據反欺詐財務報告全國委員會的發起組織委員會 （ COSO ） 整合框架，建立風險管理三道防線模型：舜宇光學科技 （集團） 有限公司 2020 年報 79Corporate Governance Rep

569、ort企業管治報告第一道防線：各公司運營部門及本集團職能部門第一道防線主要進行風險初始信息收集和風險識別、積極實施風險應對方案，參與風險管理文化建設。第二道防線：風險管理工作小組第二道防線主要負責風險管理及內部管制體系的協調規劃及統籌、建設、維護和提升。第三道防線：內部審計部第三道防線主要負責對第一及第二道防線的全面風險管理工作進行稽查、審計和監察。根據COSO整合框架，風險管理工作遵循以下六階段基本流程：First line of defense: Operational department of each company and functional departments of the

570、 GroupThe first line of defense mainly conducts collection of initial risk information and risk identification, proactively implements risk response plans and participate in the construction of risk management culture.Second line of defense: Risk Management GroupThe second line of defense is mainly

571、responsible for coordinating the planning, construction, maintenance and enhancement of the risk management and internal control system.Third line of defense: Internal audit departmentThe third line of defense is mainly responsible for examining, auditing and monitoring the overall risk management w

572、orks of the first line and second line of defense.According to the COSO Integrated Framework, the risk management work follows the six steps of basic procedures as below:持續的過程Continuous Processes1.Goal Setting目標設定2.Risk Identification風險識別3.Risk Assessment風險評估4.Risk Response風險應對5.Control Activity控制活動

573、6.Monitoring監控Sunny Optical Technology (Group) Company Limited ANNUAL REPORT 202080Corporate Governance Report企業管治報告Phase 1Goal SettingThe Board establishes common risk assessment criteria and sets up risk reference tables for the Group. Meanwhile, Risk Management Group of the Group and Risk Managem

574、ent Group of each business segment discuss and formulate overall risk management objectives, management requirements and organization methods.Phase 2Risk IdentificationEach business segment and department collects risk information related to the Group and identifies the risks that potentially impact

575、 the key processes of the operations. The Group also identifies opportunities for improvement.Phase 3Risk AssessmentEach business segment and department uses uniform and quantitative criteria to assess the identified risks along with their impacts on the business and the possibility of their occurre

576、nce to determine the risk level.Phase 4Risk ResponseEach business segment and department determines the overall response strategy and corresponding response plan for the assessed risks as well as the implementation measures such as risk taking, risk avoidance, risk transfer and risk reduction to dea

577、l with the risks.Phase 5Control ActivityEach business segment and department establishes or modifies relevant systems and control activity procedures to ensure that necessary risk responses and action plans are implemented and the risk management response plan is executed, in order to control and ma

578、nage potential risks.Phase 6MonitoringEach business segment and department continues to follow up the operation situation of KRI, implementation and effectiveness of the risk response plan, makes timely risk warning, adjusts response plan and reports risks regularly to the relevant management within

579、 the Group. The internal audit department independently reviews the adequacy and effectiveness of the framework of risk management system per annum, and submits the review results and recommendations on improvement to the Audit Committee.第一階段目標設定董事會為本集團設定通用的風險評估準則及制定風險參照列表。同時，本集團風險管理工作小組和各事業分部風險管理工作

580、小組討論並確定風險管理總體目標、管控要求與組織方式。第二階段風險識別各事業分部和部門收集與本集團相關的風險信息，並識別對其營運重要程序具有潛在影響的風險。本集團亦識別改進機會。第三階段風險評估各事業分部和部門運用統一及量化的標準，就已識別的風險及其對業務的影響，以及其發生的可能性作出評估，確定風險等級。第四階段風險應對各事業分部和部門對評估出的風險確定總體應對策略及相應應對計劃，實施風險承擔、風險規避、風險轉移及風險降低等措施以處理風險。第五階段控制活動各事業分部和部門建立或修訂相應制度和控制活動流程，確保採取必要的風險應對和行動計劃，風險管理應對方案得以執行，以控制和管理潛在風險。第六階段監

581、控各事業分部和部門持續跟進KRI運行情況和風險應對計劃的實施情況及有效性，及時作出風險預警，調整應對計劃，並定期向本集團內相關管理層匯報風險。內部審計部每年獨立審閱風險管理體系建設的充足性及有效性，把審閱結果及改善建議提報至審核委員會。舜宇光學科技 （集團） 有限公司 2020 年報 81Corporate Governance Report企業管治報告With this practical and effective framework, risk management has been integrated into each functional department.Groups Ri

582、sk ReportThe Group faces various risks and uncertainties. The relevant key risks are the risks that the Group must take in order to achieve its strategic objectives. If they are not handled properly, it might bring adverse impact to the operations of the Group. Thus, a comprehensive risk assessment

583、and risk mitigation measures help ensure these key risks are properly managed and effectively controlled. The followings are the principal potential risks that the Board has identified for the year ended 31 December 2020.Groups principal risksKey controls and treatment plan(s)Target risk trend本集團主要風

584、險主要控制及處理方案目標風險趨向Business and Strategic RiskBusiness and Strategic Risks:業務及戰略風險業務及戰略風險： The uncertainty in regulatory, political environment and trading environment in the region where the Group operates and COVID-19 may result in significant adverse impact to the Groups business performance, prospe

585、cts for development and/or the ability to implement its strategy the Group. 本集團營運所在地區監管、政治環境和貿易環境的不確定性及COVID-19，可能使本集團的業務表現、發展前景及或戰略的落地受到重大不利影響。 Proactively monitoring the industry trends, competitors and innovative products; 積極監察行業趨勢、競爭對手及創新產品； Proactively monitoring and preparing for global and lo

586、cal changes in regulations that may affect the Group; 積極監察和準備應對可能影響本集團的全球及地方監管規例變動； Increasing investments in new businesses and cultivating new growth points; 加大新事業投入，培育新的增長點； Dynamically updating the development strategies of the Company and regularly adjusting the means and methods of promoting s

587、trategic objectives according to the situations; and 動態更新本公司發展戰略，根據形勢不斷調整推進戰略目標的方式和手段；及 Implementing corresponding projects of monitoring, increasing strategic flexibility and specially reserving resources for strategy. 實施對應項目監控，增加戰略靈活性及為戰略特備資源。實施該實用及有效框架後，風險管理已滲入每一個職能部門。集團風險報告本集團面對各種風險及不確定因素，有關主要風險

588、乃本集團為實現其戰略目標而必須承受的風險，倘沒有妥善處理，可能會對本集團的運營帶來不利影響。全面的風險評估及風險減緩措施有助確保主要風險得到適當管理及有效控制。以下乃董事會截至二零二零年十二月三十一日止年度已識別的主要潛在風險。Sunny Optical Technology (Group) Company Limited ANNUAL REPORT 202082Corporate Governance Report企業管治報告Groups principal risksKey controls and treatment plan(s)Target risk trend本集團主要風險主要控制

589、及處理方案目標風險趨向Operational RiskSafe Production Risks:運營風險安全生產風險： Material accidents affecting safe production of equipment and facilities, property safety, occupational disease hazards of employees and enterprises continuous operations may occur as a result of the enterprises internal and other factors.

590、 受企業內部等因素所致，可能會出現影響設備、設施安全生產、財產安全、員工職業病危害以及影響企業持續經營的重大突發事件等。 Enhancing employees safe production training, organizing safety training and drills irregularly, enhancing employees safety awareness; 加強員工安全生產培訓，不定期組織安全培訓及演習，提升員工安全意識； Strengthening the daily monitoring and timely maintenance of various e

591、quipment, and carrying out safety and fool-proof transformation of equipment; 加強各種設備的日常監控與及時檢修，並對設備進行安全防呆改造； Timely monitoring the operations of the KRI, carrying out regular inspections on hidden hazards, controlling safe risks from their sources and thoroughly remediating hidden safety hazards; 適時

592、監察KRI運行情況，定期開展隱患排查，控制源頭安全風險，對安全隱患進行徹底整治； Optimizing emergent contingency plan system and immediately activating the emergency response procedures in case of black swan events; and 優化應急預案制度，如遇黑天鵝事件立即啟動應急響應程序；及 Participating in property insurance and purchasing insurance for the employees. 參加財產保險及為員工購

593、買保險。舜宇光學科技 （集團） 有限公司 2020 年報 83Corporate Governance Report企業管治報告Groups principal risksKey controls and treatment plan(s)Target risk trend本集團主要風險主要控制及處理方案目標風險趨向Public Safety Emergency Risks:突發公共安全事件風險： Subject to external factors such as natural disasters and pandemic, public safety emergency may aff

594、ect the enterprise as a going concern. Prevalence of COVID-19 may occur in India, Vietnam and China, and the instability of the pandemic may cause the disruption of the Groups business. 受外部自然災害、疫情等因素所致，突發公共安全事件可能會影響企業的持續經營。COVID-19在印度、越南及中國均可能出現疫情反覆情況，疫情發展的不穩定性，可能造成本集團業務中斷。 Proactively monitoring th

595、e external development of public safety emergencies; 積極監察突發公共安全事件外部發展趨勢； Establishing emergent contingency plans for public safety emergencies and defining the management responsibility of each business segment and department; 建立突發公共安全事件應急預案，明確各事業部和部門的管理職責； Establishing emergency management teams fo

596、r public safety emergencies and holding regular emergency meetings; 成立突發公共安全事件應急管理小組，定期召開突發事件應急會議； Implementing grid management and emergency management work to all grid leaders, and carrying out publicity and management to all employees; and 實行網格化管理，突發事件應急管理工作落實到各網格長，宣傳及管理落實到每一位員工；及 Basing on the l

597、ocal national and governmental pandemic prevention work arrangements, timely adjusting the pandemic prevention work of the Company and its subsidiaries. 根據當地國家及政府的防疫工作安排，適時調整本公司及附屬公司的防疫工作。Sunny Optical Technology (Group) Company Limited ANNUAL REPORT 202084Corporate Governance Report企業管治報告Groups pri

598、ncipal risksKey controls and treatment plan(s)Target risk trend本集團主要風險主要控制及處理方案目標風險趨向Human Resource Risks:人力資源風險： The demand of the Groups development cannot be fulfilled if there is insufficient human resource reserve, which thereby affects the Groups production plan and operation. It might render

599、the Groups products or production methods uncompetitive; 人力資源儲備不足，將使本集團的發展需求無法得到充分滿足並影響本集團的生產計劃及執行，可能導致本集團的產品及生產方法失去競爭力； Failure in the optimization of human resource allocation and insufficient incentive mechanism may lead to loss of talents, work stoppages and other labour related issues, which ma

600、y adversely affect the Groups operation; and 人力資源分配的優化程度不夠及激勵機制不足，有可能會引致人才流失、停工及其他勞工問題，對本集團的經營構成不利影響；及 As overseas investment increase, the difference in employment overseas and within China may lead to risks in overseas employment. 隨着海外投資的增加，海外用工與國內存在差異性，可能存在海外用工風險。 Carrying out organization diagno

601、sis, formulating talent plan that matches the Companys strategies to reserve talents in advance; 開展組織診斷，制定與本公司戰略匹配的人才規劃，提前儲備人才； Expanding recruitment channels and recruiting management team; 拓展招聘渠道，擴充招聘管理團隊； Proactively promoting the production line automation; 積極推進生產線自動化； Carrying out evaluation an

602、d assessment of talents regularly, hiring and retaining talents with attractive incentive program; 定期對人才進行盤點及評估，並以具有吸引力的獎勵計劃聘用及挽留人才； Optimizing the human resources management system; 完善人力資源管理系統； Carrying out multilevel talent development programs to improve employees business standard; 開展多層次的人才培養計劃，

603、提高員工的業務水平； Strengthening the construction of corporate culture to enhance employees satisfaction and engagement; and 加強企業文化建設工作，提升員工滿意度與敬業度；及 Improving the systematized management mechanism of overseas employment recruitment, remuneration and personnel. 完善海外用工招聘、薪酬及人事等系統化的管理機制。舜宇光學科技 （集團） 有限公司 2020

604、年報 85Corporate Governance Report企業管治報告Groups principal risksKey controls and treatment plan(s)Target risk trend本集團主要風險主要控制及處理方案目標風險趨向Product Quality Risks:產品質量風險： The Companys products may have product quality issues that affect customer satisfaction, damage the Companys image and increase cost of o

605、perations. 公司各產品可能存在產品質量問題，影響客戶滿意度，使公司形象受損並增加運營成本。 Promoting the consciousness of quality first activities and enhancing the awareness and capability of quality among all employees of the Group; 本集團內積極開展質量至上的活動，提高全員品質意識與能力； Optimising the system for each phase of the entire life cycle of product man

606、agement and the Standard Operating Procedure (“SOP“); 優化全生命周期產品管理各環節制度及標準作業程序（ SOP ） ； Enhancing on-site trainings for operators and the operators shall strictly follow the SOP in processing; 加強現場操作人員培訓，操作員嚴格按照SOP進行加工； Proactively promoting the production line automation and enhancing investment in

607、informatization of inspection instruments; and 積極推進生產線自動化，加大信息化檢測設備投入；及 Implementing and applying the informatization system, realizing data tracking throughout the entire process. 實施與應用信息化系統，實現全制程數據追踪。Sunny Optical Technology (Group) Company Limited ANNUAL REPORT 202086Corporate Governance Report企業

608、管治報告Groups principal risksKey controls and treatment plan(s)Target risk trend本集團主要風險主要控制及處理方案目標風險趨向Information System and Information Security Management Risks:信息系統與信息安全管理風險： The operation of the Group is highly dependent on the informatization system. The system and information security may be hack

609、ed or attacked that may lead to the leakage of the Companys confidential information and affect the normal operation of the Company. 本集團運營高度依賴信息化系統，系統和信息安全被入侵或攻擊，可能造成公司機密信息洩露，影響公司正常運營。 Establishing an information security management system, continuously improving the management system of information

610、 system and enhancing the information security control measures on an ongoing basis; 建立信息安全管理體系，持續完善信息系統管理制度，並不斷完善信息安全控制措施； Strengthening the physical security of enterprise data centres, developing information system/data backup and information system disaster recovery plans, standardizing personne

611、l operations to ensure continuity in the information system business; and 加強企業數據中心的物理安全，制定信息系統數據備份與信息系統災難恢復計劃，規範人員操作，確保信息系統業務連續性；及 Strengthening protective measures on internal and external network security and abilities to prevent viruses, the Group has passed the ISO27000 certification to ensure t

612、he protection of information security and business system security of the Company. 加強內外部網絡安全防護措施及病毒防禦能力，本集團已通過ISO27000認證，保障本公司信息安全與業務系統安全。舜宇光學科技 （集團） 有限公司 2020 年報 87Corporate Governance Report企業管治報告Groups principal risksKey controls and treatment plan(s)Target risk trend本集團主要風險主要控制及處理方案目標風險趨向Oversea

613、s Investment Risks:海外投資風險： Differences in the politics, laws, technologies, societies, cultures in international operations and the impact of COVID-19 may result in low efficiency in overseas investment management and failure in investment to the Company. 國際化運營中政治、法律、科技、社會、文化等差異及COVID-19的影響，可能會造成本公司

614、海外投資管理效率低下及投資失敗。 Consolidating the level of international operations; 夯實國際化運營水平； Optimizing systematization and standardization in overseas investments in order to continuously lower the overseas investment risks; and 優化海外投資系統化及規範化建設，持續降低海外投資風險；及 Strengthening the analysis of international situation

615、s and investment environment and warning management in order to continuously improve abilities in overseas investment management. 加強國際形勢及投資環境分析與預警管理，持續提升海外投資管理能力。Market RiskForeign Exchange and Interest Rate Risks:市場風險外匯及利率風險： International exchange rate fluctuations may result in significant foreig

616、n currency losses. Significant floating interest rate liabilities may result in higher finance costs if current interest rates increase. 國際匯率波動可能導致重大外幣虧損。倘現行利率上升，龐大的浮動利息負債可能導致融資成本增加。 Maximising natural hedging position by setting up offshore factories or currency pairings in sales and procurements c

617、ontracts; and 透過在境外設廠或銷售及採購合約的貨幣配對，盡量提高自然對沖效果；及 Implementing centralised management of foreign exchange funds of onshore companies, coordinating the foreign exchange funds of various subsidiaries to implement centralised foreign exchange payments, while operations such as conducting exchange rate lo

618、ck-in and purchasing financial instruments for foreign exchange hedging to reduce exchange rate exposure and lower the exchange rate risk. 實施境內公司外匯資金集中管理，統籌各附屬公司外匯資金，推行外匯集中支付，並進行匯率鎖定、購買金融工具進行匯率對沖等操作以減少匯率敞口，降低匯率波動風險。Sunny Optical Technology (Group) Company Limited ANNUAL REPORT 202088Corporate Govern

619、ance Report企業管治報告Groups principal risksKey controls and treatment plan(s)Target risk trend本集團主要風險主要控制及處理方案目標風險趨向Market Competition Risks:市場競爭風險： The Group is operating in a highly competitive industry, the uncertainty of the global trading environment, the instability of the pandemic, the changes in

620、 market demands and peers conditions, the incapability in identifying and analysing the demands in the industry and market amid intensified market competition might result in the risks of lower earnings for the Company. 本集團所處產業競爭非常激烈，全球貿易環境的不確定性，疫情的反覆，市場需求和友商近況發生變化，對於行業或市場需求識別能力和分析能力不足以及市場競爭的加劇，本公司可

621、能面臨收益下降的風險。 Expanding the layout of global industrial bases, such as setting up overseas factories in India, Vietnam and other places; 加大全球化產業基地佈局，如印度、越南等地海外建廠； Focusing on industrial and terminal development trends in real time, increasing spending on the R&D of products, laying out product lines i

622、n advance, and enhancing product value in respond to the changes in market demand at any time; 實時關注行業及終端發展趨勢，加大產品研發投入支出，提前佈局產品線，提升產品價值，以隨時應對市場需求的變化； Keeping close eyes on the market dynamics, continuously exploring new markets or new customers, and maintaining good relationships with customers; and

623、密切留意市場動態，持續開發新市場或新客戶，並與客戶保持良好的合作關係；及 Continuously tracing customers demands and developing capacity plan to ensure product supply and keep inventory within the safety standards. 不斷跟蹤客戶需求，制定產能規劃，以保障產品供應，並將庫存控制在安全標準內。舜宇光學科技 （集團） 有限公司 2020 年報 89Corporate Governance Report企業管治報告Groups principal risksKey

624、 controls and treatment plan(s)Target risk trend本集團主要風險主要控制及處理方案目標風險趨向Customer Credit Risks:客戶信用風險： Failure to timely detect the changes in global trading environment, the credit issues that customers may face and customers credit changes in time may lead to issues such as failure to collect payment

625、s for goods and for stocked up goods. 未及時監察到全球貿易環境變化、客戶可能面臨信用問題及客戶信用變化，可能造成貨款無法回收、提前備貨無法收款等問題。 Improving the credit management system, regularly reviewing the credit assessment of customers, and adjusting the credit limit; 完善客戶信用管理制度，並定期對客戶進行信用評估並調整信用額度； Conducting risk customer screening management

626、 when choosing new customers, and tightening management on business terms and conditions for high-risk customers in the early stage; 新客戶選擇時進行風險客戶篩選管理，高風險客戶前期進行商務條件條款加嚴管理； Implementing customer classification management; 實行客戶分類管理； Participating in account receivable insurance to reduce bad debt losse

627、s; and 參加應收賬款保險，減少壞賬損失；及 Strengthening the supervision and management of risk indicators, making early warnings on the trend in credit changes and analysing the reasons for trend changes. 加大風險指標監控與管理，提前預警信用變動趨勢，並分析趨勢變動原因。Sunny Optical Technology (Group) Company Limited ANNUAL REPORT 202090Corporate

628、Governance Report企業管治報告Groups principal risksKey controls and treatment plan(s)Target risk trend本集團主要風險主要控制及處理方案目標風險趨向Legal RiskRisks of Laws and Regulations:法律風險法律法規風險： The uncertainty of international trading environment, or non-compliance with applicable laws, local regulations and compliance res

629、ponsibilities where the Groups has legal entities, such as trade control, anti-monopoly, anti-unfair competition, labour usage, intellectual property rights, may cause the Group to suffer from severe penalties or even subject to legal proceedings, causing adverse impact on the public image of the Gr

630、oup. 國際貿易環境的不確定性，或不遵守適用法律、實體所在地的地方規例和合規責任，如貿易管制、反壟斷、反不當競爭、勞務用工、知識產權等，都可能造成本集團面臨嚴厲懲罰，甚至面臨法律訴訟，對本集團公眾形象構成不利影響。 Organising internal audit team and legal team, and also hiring external legal and compliance advisors for consultation in order to seek legal advice and review the conditions for compliance;

631、組建內部審核團隊及法律團隊，同時委聘外部法律及合規顧問，以諮詢相關事宜，尋求有關法律意見及檢討合規情況； Strengthening the management of all types of business information of the Company, relying on informatization for screening all types of messages; 加大公司各類商業信息管理，依托信息化對各類信息進行篩查； Strengthening the patent management team and conducting the layout of pa

632、tents in advance; 強化專利管理團隊，提前進行專利佈局； Improving the whistleblowing platform and strengthening the compliance publication; 完善舉報平台並加強合規宣貫； Reviewing the Company external affairs by professionals; and 公司對外事項經由專業人員審閱；及 Proactively monitoring and preparing for global and local changes in regulations that

633、may affect the Group. 積極監察和準備應對可能影響本集團的全球及本地監管規例變動。For the year ended 31 December 2020, the Group has carried out a review of, and the Board has received a confirmation from the management on the effectiveness of the risk management and internal control system of the Group. No significant matters of

634、 concern were identified by the Board. The Group has not identified any emerging risks that had significant impacts on the operations during 2020.截至二零二零年十二月三十一日止年度，本集團已審閱且董事會已取得管理層對本集團的風險管理及內部監控系統有效性的確認，且董事會並無發現任何需要關注的重要事項。本集團於二零二零年並未發現任何對營運有重大影響的新興風險。舜宇光學科技 （集團） 有限公司 2020 年報 91Corporate Governance

635、Report企業管治報告Major Initiatives for 2021In 2021, the Groups main focuses will continue to be on:(i) enhancing internal control and strategy management system and monitoring the key risks in each business segment and department in order to manage the strategic risks of the Group;(ii) further promoting

636、and expanding the coverage of KRI by each business segment and department, and carrying out daily follow-up and risk warning on the operation results;(iii) dynamically identifying the risks that are faced by each business segment and department, continuing to carry out in-depth normalized management

637、 on risk management, and continuously promoting the implementation of the risk response plans;(iv) incorporating risk management into performance evaluation by each business segment and department;(v) preliminarily establishing an intelligent risk management system; and(vi) continuously empowering t

638、he risk management to enhance the awareness and sense of commitment in risk management of the Group.CORPORATE SOCIAL RESPONSIBILITIESThe Group deeply knows that enterprise is not an organization only for maximising its own interests, but also an important driver to facilitate wealth accumulation of

639、the whole society, advance social civilisation and promote the sustainable development of the environment. The management of the Group pays high attention to corporate social responsibilities. The management strictly monitors the development, implementation and results of various departments of the

640、Group, in which the environmental, social and governance standards have been integrated into their daily operating activities. Details are set out in the Environmental, Social and Governance Report which will be published before the end of June 2021.二零二一年主要措施於二零二一年，本集團工作重點將繼續放在：(i) 加強內部監控及策略管理系統，監督重

641、大風險在各事業分部和部門的情況，以管理本集團的策略風險；(ii) 各事業分部和部門進一步推進並擴充KRI的覆蓋範圍，並對運行結果進行日常跟進及風險預警；(iii) 各事業分部和部門動態識別面臨的風險，繼續深入推進風險管理常態化管理，持續推進風險應對計劃落地；(iv) 各事業分部和部門將風險管理納入績效考核；(v) 初步建立風險管理智能化系統；及(vi) 持續進行風險管理賦能，以提高本集團對風險管理的意識及使命感。企業社會責任本集團深知企業不僅僅是謀取自身利益最大化的經濟體，同時也是社會整體財富積累、社會文明進步、環境可持續發展的重要推動者。本集團的管理層高度重視企業社會責任，嚴格監控各個業務部

642、門的發展、實施及結果，並把環境、社會和管治的標準融入日常的經營活動中。詳細內容將載於二零二一年六月底之前刊發的環境、社會及管治報告中。Sunny Optical Technology (Group) Company Limited ANNUAL REPORT 202092Corporate Governance Report企業管治報告CONTINUOUS DISCLOSURE OBLIGATIONS REGARDING PRICE SENSITIVE AND/OR INSIDE INFORMATIONThe Company has developed a system with establ

643、ished policies, processes and procedures across all relevant segments and departments for complying with the disclosure obligations regarding price sensitive and/or inside information. The system continues to be effective. The Company will continue to further enhance its effects on the business oper

644、ations, development of the Company and new regulations and laws with great effort.COMMUNICATION WITH SHAREHOLDERS AND INVESTORSThe Company is committed to creating two-way channels of communication between senior management and investors, maintaining close relationships with all its shareholders thr

645、ough a variety of channels and promoting the communication with investors. The Company has adopted a shareholders communication policy to formalise and facilitate an effective and healthy communication between the Company and the shareholders and other stakeholders, which is available on the website

646、 of the Group (http:/). The main communication channels with the shareholders include:Investors MeetingsInvestor presentations are held by the Group in respect of its annual results and interim results. In addition, the Groups senior management and personnel from investor relations management depart

647、ment hold meetings with investors. Investors are provided with the latest information of the Group, in compliance with applicable laws and regulations. The Group keeps close contact with the investors.During the year of 2020, given by the travel restrictions of COVID-19, the Company held an audio in

648、vestor meeting in relation to the publication of 2019 annual results, and held a virtual investor meeting in relation to the publication of 2020 interim results. Meanwhile, the Company attended numerous virtual investor meetings, including an investor day, 30 non-deal roadshows and other types of co

649、mmunication activities, so as to keep close contact with the investors.有關股價敏感資料及或內幕消息的持續披露義務本公司已建立一套系統，包括所有相關分部和部門之間的既定政策、流程和程序，以符合有關股價敏感資料及或內幕消息的披露義務。該系統仍然有效，本公司亦會繼續努力進一步提高其於業務操作、公司發展及新的法規和法律的作用。與股東及投資者溝通本公司致力為高級管理層與投資者建立雙向溝通渠道，並透過多個不同渠道與全體股東保持緊密聯繫，促進與投資者的交流。本公司採納股東溝通機制，並刊載於本集團網站（http:/） ，以規範及促進股東及

650、其他持份者與本公司之間有效及良好的溝通。與股東溝通的主要渠道包括：投資者會議本集團會就其年度及中期業績召開投資者推介會。此外，本集團的高級管理層及投資人關係管理部門人員亦會安排與投資者的會面，在遵守適用法律及法規的情況下，向投資者提供本集團的最新訊息，與投資者保持密切聯繫。於二零二零年年內，由於COVID-19對旅行的限制，本公司以電話會議的形式舉行了二零一九全年業績發佈投資者交流會，並以線上會議的形式舉行了二零二零年中期業績發佈投資者交流會。同時，公司亦以線上會議的形式參加了多場投資者會議，其中包括1次投資者日活動，30次非交易路演及其他各種形式的交流活動，與投資者保持密切聯繫。舜宇光學科技

651、 （集團） 有限公司 2020 年報 93Corporate Governance Report企業管治報告股東週年大會股東週年大會是一個讓股東參與討論的重要平台，讓股東可以與本集團管理層進行交流。股東週年大會每年舉行1次，會議公開讓所有股東參與。本集團的高級管理層會在大會上回答股東之提問，外聘核數師及法律顧問亦會列席。各董事出席於二零二零年舉行的股東週年大會的記錄如下：Annual General MeetingThe AGM is an important platform for shareholders to participate in discussions, facilitati

652、ng the communications between the management of the Group and the shareholders. The AGM is held once a year, being publicly accessible to all shareholders. The Groups senior management answers any questions that shareholders have in the meeting and the external auditors and legal adviser attend the

653、AGM as well.The attendance of each Director at the AGM held in 2020 is as follows:Name of DirectorAGM No. of attendance by Directors (Note)/No. of meeting董事姓名股東週年大會董事出席次數 （附註） 會議次數Mr. Wang Wenjian (Honorary Chairman)王文鑒先生（名譽主席)1/1Mr. Ye Liaoning (Chairman)葉遼寧先生（主席)1/1Mr. Sun Yang孫泱先生1/1Mr. Wang Wenj

654、ie王文杰先生1/1Mr. Feng Hua Jun馮華君先生1/1Mr. Shao Yang Dong邵仰東先生1/1Mr. Zhang Yuqing張余慶先生1/1Note: The meeting was attended by the Directors themselves, and not by an alternate.Apart from AGM, any one or more shareholders of the Company holding at the date of deposit of the requisition not less than one-tent

655、h of the paid up capital of the Company carrying the right of voting at general meetings of the Company shall at all times have the right, by written requisition to the Board or the Company Secretary of the Company, to require an extraordinary general meeting (“EGM”) to be called by the Board for th

656、e transaction of any business specified in such requisition. No EGM was held in 2020.There is no provision allowing shareholders to move new resolutions at general meetings under the Cayman Islands Companies Law or the Articles of Association. Shareholders who wish to move a resolution may request t

657、he Company to convene an EGM following the procedures set out in the preceding paragraph.附註： 董事均親身出席會議，而非由代替者出席。除股東週年大會外，一名或多名於遞交要求當日持有不少於附帶於本公司股東大會上投票權利的本公司繳足股款股本十分之一的本公司股東，有權隨時向本公司董事會或公司秘書發出書面請求，要求董事會就有關要求所指定的任何事務交易召開股東特別大會 （ 股東特別大會 ） 。於二零二零年並無召開股東特別大會。開曼群島公司法或章程細則並無條文允許股東於股東大會上動議新決議案。有意動議決議案的股東可要

658、求本公司根據上一段所述程序召開股東特別大會。Sunny Optical Technology (Group) Company Limited ANNUAL REPORT 202094Corporate Governance Report企業管治報告All matters proposed to shareholders for approval shall be submitted in separate resolutions and resolved by way of poll at the general meeting. The procedures of conducting a

659、poll are explained in details to shareholders by the Group prior to the voting, to ensure the shareholders are familiar with such arrangement. Poll results will be published on the websites of HKEXnews of the Hong Kong Stock Exchange (http:/www.hkexnews.hk) and the Group (http:/).The Group has also

660、maintained the procedures for director nomination by the shareholders, which has been published on the Groups website (http:/), to ensure the interests of shareholders.Annual Reports, Interim Reports, Announcements and CircularsThe Group issues its annual reports and interim reports after publishing

661、 the annual results and the interim results in March and August every year respectively, so as to periodically review the development of the Group as well as to update its shareholders with its latest business information and market trends. In addition, the Group explains to the shareholders through

662、 announcements regarding any major events or price-sensitive information. For any matters requiring the approval of the shareholders, the Group holds an extraordinary general meeting according to the requirements of the Hong Kong Stock Exchange and issues a circular prior to the specific date of the

663、 meeting, allowing the shareholders to have sufficient time to learn more about the matters for making voting decisions. All annual reports, interim reports, announcements and circulars are uploaded to the websites of HKEXnews of the Hong Kong Stock Exchange (http:/www.hkexnews.hk) and the Group (ht

664、tp:/).於股東大會上，每項事宜均以獨立決議案形式提呈股東批准，並以投票方式進行表決。本集團在投票表決前將向股東解釋進行投票表決的詳細程序，以確保各股東明白有關安排。投票表決結果會載於香港聯交所披露易之網站 （http:/www.hkexnews.hk） 及本集團網站(http:/)。本集團亦設有股東提名董事候選人之程序，該程序已載於本集團網站 （http:/） ，以確保股東之權益。年度報告、中期報告、公告及通函本集團會分別於每年三月份及八月份的全年業績及中期業績發佈之後發表年度報告及中期報告，以定期回顧本集團的發展，同時向股東更新業務情況及市場趨勢。此外，如有任何重大事件或股價敏感資料，本

665、集團都會通過公告向股東說明。如有關事宜需要得到股東的批准，本集團也會根據香港聯交所的要求，舉行股東特別大會，並於大會的指定日期前發表通函，讓股東有足夠的時間瞭解有關事宜，以作出投票的決策。所有年度報告、中期報告、公告及通函都會上載至香港聯交所披露易之網站 （http:/www.hkexnews.hk） 及本集團網站（http:/） 。舜宇光學科技 （集團） 有限公司 2020 年報 95Corporate Governance Report企業管治報告CHANGES OF ARTICLES OF THE ASSOCIATIONDuring the year ended 31 December

666、2020, there were no changes in the Companys Articles of Association. The latest version of the Companys Articles of Association is available on the websites of the Group (http:/) and the HKEXnews of the Hong Kong Stock Exchange (http:/www.hkexnews.hk). Shareholders can also obtain the details of the

667、ir rights with reference to the Companys Articles of Association.The Groups WebsiteThe Groups website (http:/) offers timely access to the Groups press releases and other business information. Meanwhile, it provides shareholders with the electronic version of the financial reports, the presentation

668、materials for investors, as well as the latest news about the Groups businesses, announcements and general information, etc. To make contributions to environmental protection and maintain effective communication with shareholders, the Group encourages all shareholders to browse the Groups informatio

669、n on the website.Investor Contact and InquiriesThe Group has a dedicated team to maintain contact with investors and handle shareholders inquiries. Should have any inquiries, please contact the Groups investor relations management department (Tel: +86-574-6253 4996; +852-3568 7038; email: ).On behal

670、f of the BoardYe LiaoningChairman and Executive Director17 March 2021章程細則文件變動截至二零二零年十二月三十一日止年度內，本公司並無對其章程細則作出任何變動。本公司章程細則的最新版本可在本集團網站 (http:/)及香港聯交所披露易之網站(http:/www.hkexnews.hk)查閱。股東亦可參考本公司章程細則以取得有關其權利的詳情。集團網站本集團之網站 （http:/）適時提供本集團之新聞稿及其他業務訊息，且為股東提供電子版的財務報告、投資者推介材料以及有關本集團業務的最新消息、公告及一般資訊等。為支持環保及與股東保持

671、有效溝通，本集團鼓勵各股東透過網站瀏覽本集團的資訊。投資者聯繫及查詢本集團設有專門的團隊與投資者保持聯繫及處理股東的查詢。如有任何查詢，歡迎聯絡本集團的投資人關係管理部門 （電話：+86-574-6253 4996；+852-3568 7038；電郵：） 。代表董事會葉遼寧主席及執行董事二零二一年三月十七日Sunny Optical Technology (Group) Company Limited ANNUAL REPORT 202096Directors Report董事會報告The Directors are pleased to present the 2020 Annual Rep

672、ort, including the audited consolidated financial statements for the year ended 31 December 2020.PRINCIPAL ACTIVITIESThe Company acts as an investment holding company. The activities of its principal subsidiaries are set out in Note 43 to the consolidated financial statements.BUSINESS REVIEWReviewUn

673、der multifaceted pressure arising from the worldwide spread of COVID-19, the intensification of Sino-U.S. trade frictions and the fierce market competition, the Group responded positively to and surmounted the challenges. Leveraging on the leading technological advantages, precise market deployment,

674、 diversified customer structure and product mix, consolidated the advantageous businesses continuously and promoted the building of talent team, the overall performance of the Group recorded a decent growth. Details of the core business are set out in the section “Management Discussion and Analysis”

675、.Outlook and Future StrategiesLooking ahead to 2021, the Group will further enhance its market competitiveness, strengthen and expand its existing advantageous businesses; improve its refined management to continuously enhance operating quality; increase R&D investment to accelerate the cultivation

676、and growth of new businesses; and accelerate the global deployment of industrial bases in order to consolidate the level of international operations.董事會欣然提呈二零二零年年報，包括截至二零二零年十二月三十一日止年度之經審核綜合財務報表。主要業務本公司為一間投資控股公司，其主要附屬公司的業務載於綜合財務報表附註43。業務回顧回顧在COVID-19全球蔓延、中美貿易摩擦加劇及市場競爭激烈等多重壓力下，本集團積極應對，迎難而上，憑藉領先的技術優勢、精

677、準的市場佈局、多樣化的客戶結構和產品結構、持續夯實優勢業務並不斷深入推進人才隊伍建設，整體業績錄得了較好的增長，有關核心業務詳情載於 管理層討論與分析 一節中。展望與未來策略展望二零二一年，本集團將進一步提升市場競爭力，做強、做大現有優勢業務；深化精細化管理，持續提升經營質量；加大研發投入，加速新事業的培育和成長；加速全球化產業基地佈局，夯實國際化運營水平。舜宇光學科技 （集團） 有限公司 2020 年報 97Directors Report董事會報告Major Financial and Business Performance IndicatorsMajor financial and b

678、usiness performance indicators of the Group include revenue, gross profit margin, ratio of operating expenses, profit for the year, return on equity, trade receivable turnover days, trade payable turnover days, inventory turnover days and gearing ratio, etc. Details of the Groups revenue, gross prof

679、it margin, ratio of operating expenses, profit for the year, trade receivable turnover days, trade payable turnover days, inventory turnover days and gearing ratio are set out in the section “Management Discussion and Analysis” in this Annual Report. Details of other major performance indicators are

680、 discussed below.For the year ended 31 December 2020, the Groups return on equity decreased by approximately 2.2 percentage points to approximately 29.4% compared to that of last year. The Group will aim at continuing to increase the return on equity by increasing the profit margins and earnings per

681、 share, etc.Environmental Policies and PerformanceThe Group has formulated some policies in accordance with environmental regulations, such as conducting environmental impact assessment for various types of materials or machines prior to making any purchasing decision during the stage of design and

682、R&D; enhancing awareness of environmental protection among all employees by organising environmental protection activities, training programmes and promotions; and leading a core role by top management of the Group to establish a well-defined structure and system for environmental management by outl

683、ining corresponding responsibility, scope and policy.During the daily operations, the Group has paid a close attention to the latest development of domestic and international environmental protection laws and regulations to ensure that the environmental policies are in line with domestic and interna

684、tional standards, as well as global peers.主要財務及業務表現指標本集團主要財務及業務表現指標包括收入、毛利率、經營費用比率、年內溢利、股本回報率、貿易應收款項周轉日數、貿易應付款項周轉日數、存貨周轉日數和負債比率等。本集團收入、毛利率、經營費用比率、年內溢利、貿易應收款項周轉日數、貿易應付款項周轉日數、存貨周轉日數及負債比例的詳情載於本年報 管理層討論及分析 一節中，其他主要表現指標的詳情論述如下。截至二零二零年十二月三十一日止年度，本集團的股本回報率較去年減少約2.2個百分點至約29.4%。本集團旨在通過提高利潤率及每股盈利等方面來繼續提高股本回報率

685、。環境政策及表現本集團根據環境規例制定了一些政策，其中包括：在設計與研發階段，於作出任何採購決定前，為各類原料或機器評估環境影響；透過環境保護活動、培訓課程及推廣，提高全體僱員之環保意識；本集團最高層管理人員制定相應責任、範圍及政策綱領，在建立清晰界定之環境管理架構及系統上擔當核心角色等。在實際日常運營中，本集團一直緊密關注國內及國際環保法例發展的最新狀況，確保環境政策不但符合國內及國際標準，同時確保能與全球同業步伐一致。Sunny Optical Technology (Group) Company Limited ANNUAL REPORT 202098Directors Report董事

686、會報告Compliance with Laws and RegulationsThe Group recognises the importance of compliance with the requirements of relevant laws and regulations. Any failure to comply with such requirements may result in termination of the operation permit. The Group has allocated systems and human resources to ensu

687、re continuing compliance with rules and regulations and sound working relationships with regulators through effective communications. For the year ended 31 December 2020, the Group has complied with the Listing Rules, the Securities and Futures Ordinance, the Companies Ordinance, the Restriction of

688、Hazardous Substances Directive (the “RoHS”) of the European Union, the Regulation on Registration, Evaluation, Authorisation and Restriction of Chemicals (the “REACH”) of the European Union, the Patent Law of the Peoples Republic of China, the Contract Law and the Labour Law of the Peoples Republic

689、of China and other relevant rules and regulations.Main Risks and UncertaintiesThe main business activities of the Group include the production and sale of relevant products. It is exposed to a variety of main risks including interest rate risk, foreign exchange rate fluctuation risk, credit risk, ca

690、sh flow interest rate risk and liquidity risk. Details of the above main risks and measures for risk reduction are set out in the section “Management Discussion and Analysis”.For the year ended 31 December 2020, the Groups business and profitability growth were affected by the fluctuations and uncer

691、tainties of macroeconomic situations of mainland China and other countries around the world. Discrepancies of the monetary policies among major developed economies are expected to continue to affect the capital and trade flows as well as the asset price of mainland China. In addition, as the main bu

692、siness activities of the Group involve such fields as smartphones, vehicle imaging and sensing systems, security surveillance systems and optical instruments, they are also subject to relevant market environments. The long-term business and profitability growth of the Group are expected to be contin

693、uously impacted by variables of the Chinese macro-economy (including but not limited to consumer and asset price indices, credit demand and total output value growth) and qualitative factors (such as the development of political and economic policies of various countries in the world).遵守法律及法規本集團認識到遵

694、守相關法規要求的重要性，不符合該等要求可能導致經營許可的終止。本集團已分配系統及人力資源，確保持續符合規則及規例，並通過有效溝通與監管部門保持良好工作關係。截至二零二零年十二月三十一日止年度，本集團已遵守上市規則、 證券及期貨條例 、 公司條例 、歐盟 關於限制在電子電氣設備中使用某些有害成分的指令（ RoHS ） 、歐盟 化學品的註冊、評估、授權和限制規則（ REACH ） 、中華人民共和國 專利法 、中華人民共和國 合同法 、 勞動法 以及其他相關規則及規例。主要風險及不確定性本集團的主要業務活動包括生產和銷售相關產品，其面臨多種主要風險，包括利率風險、匯率波動風險、信貸風險、現金流量利率

695、風險及流動資金風險。上述主要風險及降低風險措施詳情載於 管理層討論及分析 一節中。截至二零二零年十二月三十一日止年度，本集團的業務及盈利能力增長受中國內地及全球其他國家的宏觀經濟狀況波動及不確定性影響。全球主要發達經濟體貨幣政策的分化預期將繼續影響中國內地的資金及貿易流動和資產價格。另外，因為本集團的主要業務涉及智能手機、車載成像及傳感系統、安防監控系統、光學儀器等領域，所以也會受到相關市場環境的影響。本集團的長期業務及盈利能力增長預期將繼續受中國宏觀經濟可變因素 （包括但不限於消費者及資產價格指數、信貸需求、生產總值增長） 和質性因素 （如世界各國政治及經濟政策的發展） 的影響。舜宇光學科技

696、 （集團） 有限公司 2020 年報 99Directors Report董事會報告與主要利益相關者的關係本集團的成功亦依賴主要利益相關者，包括僱員、客戶、供應商、監管機構及股東。僱員僱員被視為本集團最重要及具價值的資產。本集團人力資源管理的目的乃藉提供優厚的薪酬福利、推行全面表現評核計劃及限制性股份獎勵計劃，以獎勵及表揚表現優秀的員工，並透過不同崗位及職務、職稱制定適當的培訓計劃，且提供一定的機會和平台協助僱員在本集團內發展事業及獲晉升。客戶本集團的主要客戶來自手機終端廠商、手機攝像模組製造商及汽車設備集成商等。本集團旨在為客戶提供優質的產品和服務以爭取在收入和盈利能力方面獲得持續增長。本集

697、團已建立各種方式加強與客戶的溝通，拓展不同的業務並為客戶提供優質的產品和服務，以此來提高市場份額及市場競爭力。供應商本集團與供應商維持良好關係，這在供應鏈、面對業務挑戰和監管要求時至為重要，其可產生成本效益及促進長遠商業利益。主要供應商包括原材料供應商、系統及設備供應商、提供專業服務的外聘顧問、辦公用品或商品供應商及向本集團提供增值服務的其他業務夥伴。Relationships with Major StakeholdersThe Groups success also relies on the support of major stakeholders including employee

698、s, customers, suppliers, regulators and shareholders.EmployeesEmployees are considered to be the most important and valuable assets of the Group. The purpose of human resource management of the Group is to reward and praise the staff with excellent performances through the provision of generous remu

699、neration package, the implementation of the comprehensive performance evaluation plan and the Restricted Share Award Scheme. Besides, the Group formulates an appropriate training plan based on various positions, duties and titles and provides certain opportunities and platforms to assist the employe

700、es in developing and getting promoted within the Group.CustomersThe major customers of the Group are handset terminal manufacturers, handset camera module manufacturers, vehicle equipment integrators and so on. The Group is committed to providing its customers with superior products and services so

701、as to strive for sustainable growth in respect of revenue and profitability. The Group has adopted various means to strengthen the communication with its customers, and expanded different businesses to provide customers with superior products and services so as to increase market shares and improve

702、market competitiveness.SuppliersMaintaining good relationship with the suppliers is essential to the Group in respect of the supply chain and when facing business challenges and regulatory requirements. It can achieve cost efficiency and promote long-term commercial benefits. Major suppliers include

703、 raw material suppliers, system and equipment suppliers, external consultants providing professional services, suppliers of office supplies or commodities and other business partners providing the Group with value-added services.Sunny Optical Technology (Group) Company Limited ANNUAL REPORT 2020100D

704、irectors Report董事會報告RegulatorsThe Company is subject to the regulation of the Securities and Futures Commission of Hong Kong, the Hong Kong Stock Exchange, Ministry of Emergency Management of the PRC, State Administration for Market Regulation and other relevant regulators. The Group expects to ensu

705、re compliance with new rules and regulations as updated from time to time.ShareholdersThe Group distributes certain dividends to its shareholders in order to reward their support after boosting its business development to achieve the sustainable profit growth and taking into account the capital adeq

706、uacy level, the liquidity and the business expansion needs.DIVIDENDS DISTRIBUTIONThe results of the Group for the year ended 31 December 2020 are set out in the consolidated statement of profit or loss and other comprehensive income on page 123.The Directors recommended the declaration of a final di

707、vidend of approximately RMB0.888 (equivalent to HK$1.057) per share payable on 24 June 2021 to all persons registered as holders of shares on 31 May 2021.In order to be qualified for receiving the dividend, the Register of Members will be closed from 1 June 2021 to 4 June 2021, both days inclusive.

708、Shareholders should submit share certificates together with transfer documents to the Companys Hong Kong Branch Share Registrar, Computershare Hong Kong Investor Services Limited at Shops 1712-1716, 17th Floor, Hopewell Centre, 183 Queens Road East, Wanchai, Hong Kong at or before 4:30 p.m. on 31 Ma

709、y 2021.In order to be qualified for attending the AGM to be held on 25 May 2021, the Register of Members will be closed from 20 May 2021 to 25 May 2021, both days inclusive. Shareholders should submit share certificates together with transfer documents to the Companys Hong Kong Branch Share Registra

710、r, Computershare Hong Kong Investor Services Limited at Shops 1712-1716, 17th Floor, Hopewell Centre, 183 Queens Road East, Wanchai, Hong Kong at or before 4:30 p.m. on 18 May 2021.監管機構本公司受香港的證券及期貨事務監察委員會、香港聯交所、中國應急管理部、國家市場監督管理總局及其他相關機構監管。本集團期望確保遵守不時更新的新規則及規例。股東本集團促進業務發展以實現可持續盈利增長，並考慮資本充足水平、流動資金狀況及業

711、務拓展需要後，派發一定股息予股東以回報股東的支持。股息分派本集團於截至二零二零年十二月三十一日止年度的業績載於第123頁的綜合損益及其他全面收益表。董事建議宣佈於二零二一年六月二十四日向全體於二零二一年五月三十一日已登記的股份持有人派發末期股息每股約人民幣0.888元 （相等於1.057港元） 。為符合資格收取股息，二零二一年六月一日至二零二一年六月四日 （包括首尾兩天） 期間將暫停辦理股份過戶登記手續。股東須於二零二一年五月三十一日下午四時三十分或之前將股票及過戶文件送交本公司的香港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1712-1716號舖。為

712、符合資格出席於二零二一年五月二十五日舉行的股東週年大會，二零二一年五月二十日至二零二一年五月二十五日 （包括首尾兩天） 期間將暫停辦理股份過戶登記手續。股東須於二零二一年五月十八日下午四時三十分或之前將股票及過戶文件送交本公司的香港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1712-1716號舖。舜宇光學科技 （集團） 有限公司 2020 年報 101Directors Report董事會報告MAJOR CUSTOMERS AND SUPPLIERSDetails of the Groups transactions with its major cu

713、stomers and suppliers during the year are set out below:In 2020, revenue from the largest customer accounted for approximately 26.5% of the Groups total revenue compared to approximately 38.7% of last year. In 2020, revenue from the top five largest customers accounted for approximately 67.7% (2019:

714、 approximately 68.4%) of the Groups total revenue.In 2020, the purchases from the Groups largest supplier accounted for approximately 19.2% (2019: approximately 27.2%) and the aggregate purchases attributable to the top five largest suppliers accounted for approximately 51.3% (2019: approximately 53

715、.5%) of the total purchases of the Group.At no time for the year ended 31 December 2020 did any of the Directors, their close associates or any shareholder of the Company (which to the knowledge of the Directors own more than 5% of the number of issued shares of the Company) have any interest in any

716、 of the Groups five largest suppliers or customers.PROPERTY, PLANT AND EQUIPMENTDetails of movements of property, plant and equipment of the Group during the year are set out in Note 14 to the consolidated financial statements.SHARE CAPITALDetails of changes during the year in the share capital of t

717、he Company are set out in Note 34 to the consolidated financial statements.DISTRIBUTABLE RESERVES OF THE COMPANYDistributable reserves of the Company as at 31 December 2020, calculated under the Cayman Islands Companies Law amounted to approximately RMB16,076.1 million (2019: approximately RMB11,989

718、.4 million).主要客戶及供應商年內，本集團與主要客戶及供應商的交易詳情如下：於二零二零年，來自最大客戶的收入佔本集團總收入約26.5%，去年佔比約38.7%。於二零二零年，來自前五大客戶的收入佔本集團總收入約67.7% （二零一九年：約68.4%） 。於二零二零年，本集團向最大供應商的採購額佔本集團採購總額約19.2% （二零一九年：約27.2%） ，而向前五大供應商的採購額合共佔本集團採購總額約51.3% （二零一九年：約53.5%） 。截至二零二零年十二月三十一日止年度，概無本公司任何董事、董事的緊密聯繫人或任何股東 （據本公司董事會所知擁有%以上的本公司已發行股份數目者） 持有

719、本集團五大供應商或客戶任何權益。物業、機器及設備有關本集團於本年度物業、機器及設備的變動詳情載於綜合財務報表附註14。股本有關本公司股本於本年度的變化詳情載於綜合財務報表附註34。本公司的可分派儲備按開曼群島公司法計算，本公司於二零二零年十二月三十一日的可分派儲備約為人民幣16,076,100,000元 （二零一九年：約人民幣11,989,400,000元） 。Sunny Optical Technology (Group) Company Limited ANNUAL REPORT 2020102Directors Report董事會報告DONATIONFor the year ended

720、31 December 2020, the Group made charitable donations of RMB794,000.DIRECTORSThe Directors of the Company during the year and up to the date of this report were:Executive DirectorsMr. Ye LiaoningMr. Sun YangMr. Wang WenjieNon-Executive DirectorMr. Wang WenjianIndependent Non-Executive DirectorsMr. Z

721、hang YuqingMr. Feng Hua JunMr. Shao Yang DongIn accordance with the provisions of the Companys Articles of Association, at least one-third of the Directors will retire by rotation and, being eligible, offer themselves for re-election at the forthcoming AGM of the Company. A circular containing the e

722、xplanatory statement on repurchase by the Company of its shares, the biographical details of the director candidates and the notice of AGM will be sent to shareholders of the Company.DIRECTORS SERVICE CONTRACTSNo Director proposed for re-election at the forthcoming AGM has a service contract with th

723、e Company which is not terminable by the Group within one year without payment of compensation, other than normal statutory compensation.Each of the Directors has entered into a service contract with the Company for a term of three years commencing from the date of appointment or re-appointment.捐款截至

724、二零二零年十二月三十一日止年度，本集團作出慈善捐款為人民幣794,000元。董事於本年度及截至本報告日期的本公司董事如下：執行董事葉遼寧先生孫泱先生王文杰先生非執行董事王文鑒先生獨立非執行董事張余慶先生馮華君先生邵仰東先生根據本公司章程細則的條文，至少三分之一董事須於本公司應屆股東週年大會上輪值告退，惟彼等符合資格並願意重選連任。載有關於本公司購回股份的說明函件、董事候選人履歷及股東週年大會通告的通函將寄發予本公司股東。董事服務合約擬於應屆股東週年大會上重選連任的董事中無人與本公司簽訂本集團於一年之內在無賠償（正常的法定賠償除外） 的情況下不可終止的服務合約。各名董事已與本公司訂立服務合約，自

725、委任或重新委任日期起計為期三年。舜宇光學科技 （集團） 有限公司 2020 年報 103Directors Report董事會報告董事及主要行政人員擁有的股份權益及淡倉於二零二零年十二月三十一日，根據本公司按證券及期貨條例 （ 證券及期貨條例 ） 第352條存置的登記冊所記錄，或根據標準守則規定而須知會本公司及香港聯交所的董事及主要行政人員擁有本公司或其任何相聯法團 （定義見證券及期貨條例第XV部） 的股份、相關股份及債券的權益及淡倉如下：DIRECTORS AND CHIEF EXECUTIVES INTERESTS AND SHORT POSITION IN SHARESAs at 31

726、December 2020, the interests and short positions of the Directors and the chief executives in the shares, underlying shares and debentures of the Company or of any associated corporations (within the meaning of Part XV of the Securities and Futures Ordinance (the “SFO”), as recorded in the register

727、maintained by the Company pursuant to Section 352 of the SFO, or as otherwise notified to the Company and the Hong Kong Stock Exchange pursuant to the Model Code, were as follows:NameName of corporationLong/short positionType of interestNumber of sharesApproximate percentage of shareholding名稱法團名稱好淡倉

728、權益類別股份數目持股概約百分比Mr. Wang WenjianThe CompanyLong positionTrustee and beneficiary of a trust (Note 1)389,091,92735.47%王文鑒先生本公司好倉信託受託人兼受益人 （附註1）The CompanyLong positionBeneficiary and founder of a trust (Note 2)33,364,1333.04%本公司好倉信託受益人及成立人 （附註2）The CompanyLong positionBeneficial owner (Note 3)149,4680.

729、01%本公司好倉實益擁有人 （附註3）Mr. Ye LiaoningThe CompanyLong positionBeneficiary of a trust (Note 4)389,091,92735.47%葉遼寧先生本公司好倉信託受益人 （附註4）The CompanyLong positionBeneficial owner (Note 5)2,280,1480.21%本公司好倉實益擁有人 （附註5）Mr. Sun YangThe CompanyLong positionBeneficiary of a trust (Note 6)389,091,92735.47%孫泱先生本公司好倉信

730、託受益人 （附註6）The CompanyLong positionBeneficial owner (Note 7)120,1480.01%本公司好倉實益擁有人 （附註7）Mr. Wang WenjieThe CompanyLong positionBeneficiary of a trust (Note 8)389,091,92735.47%王文杰先生本公司好倉信託受益人 （附註8）The CompanyLong positionBeneficial owner (Note 9)1,563,2900.14%本公司好倉實益擁有人 （附註9）Sunny Optical Technology (

731、Group) Company Limited ANNUAL REPORT 2020104Directors Report董事會報告Notes:(1) Mr. Wang Wenjian is one of the two trustees (together with TMF Trust (HK) Limited) and one of the beneficiaries of the Sunny Group Employee Offshore Trust, under which he is entitled to 1.79% of the beneficial interest. The S

732、unny Group Employee Offshore Trust is a trust on the entire issued share capital of Sun Ji Limited (“Sun Ji”), which owns 100.00% equity interest in Sun Xu Limited (“Sun Xu”), which in turn owns 35.47% of the issued share capital of the Company. Accordingly, Mr. Wang Wenjian is deemed to be interest

733、ed in 389,091,927 shares held by Sun Xu under the SFO.(2) Mr. Wang Wenjian is the beneficiary and founder of Sun Guang Trust*. Sun Guang Trust* is the trust of the entire issued share capital of Sun Guang Limited (“Sun Guang”), which owns 3.04% of the issued share capital of the Company. Accordingly

734、, Mr. Wang Wenjian is deemed to be interested in 33,364,133 shares held by Sun Guang under the SFO.(3) Mr. Wang Wenjian is taken to be interested as a grantee of 149,468 shares granted under the Restricted Share Award Scheme.(4) Mr. Ye Liaoning is a beneficiary under the Sunny Group Employee Offshor

735、e Trust, under which he is entitled to 8.24% of the beneficial interest. As a beneficiary of the trust, he is deemed to be interested in all the equity interest that Sunny Group Employee Offshore Trust owns under the SFO. Sun Ji owns 100.00% equity interest in Sun Xu, which in turn owns 389,091,927

736、shares of the Company. Accordingly, as a controlling shareholder, Sun Ji is deemed to be interested in all the shares that Sun Xu owns under the SFO. Accordingly, Mr. Ye Liaoning is deemed to be interested in 389,091,927 shares under the SFO.(5) Mr. Ye Liaoning is taken to be interested as a grantee

737、 of 2,280,148 shares granted under the Restricted Share Award Scheme.(6) Mr. Sun Yang is a beneficiary under the Sunny Group Employee Offshore Trust, under which he is entitled to 1.56% of the beneficial interests. As a beneficiary of the trust, he is deemed to be interested in all the equity intere

738、st that Sunny Group Employee Offshore Trust owns under the SFO. Sun Ji owns 100.00% equity interest in Sun Xu, which in turn owns 389,091,927 shares of the Company. As a controlling shareholder, Sun Ji is deemed to be interested in all the shares that Sun Xu owns under the SFO. Accordingly, Mr. Sun

739、Yang is deemed to be interested in 389,091,927 shares under the SFO.附註：(1) 王文鑒先生連同達盟信託服務 （香港） 有限公司為舜宇集團僱員海外信託的兩位受託人其中之一，兼為該信託受益人之一，實益擁有當中1.79%權益。舜宇集團僱員海外信託為舜基有限公司 （ 舜基 ） 全部已發行股本的信託，而舜基持有舜旭有限公司 （ 舜旭 ） 100.00%股權，而舜旭擁有本公司已發行股本35.47%。因此，根據 證券及期貨條例 ，王文鑒先生被視為於舜旭所持389,091,927股股份中擁有權益。(2) 王文鑒先生為舜光信託*的受益人及成立

740、人。舜光信託*為舜光有限公司 （ 舜光 ） 全部已發行股本的信託，而舜光擁有本公司已發行股本3.04%。因此，根據 證券及期貨條例 ，王文鑒先生被視為於舜光所持33,364,133股股份中擁有權益。(3) 王文鑒先生作為承授人被視為於根據限制性股份獎勵計劃授出的149,468股股份中擁有權益。(4) 葉遼寧先生為舜宇集團僱員海外信託的受益人，實益擁有當中8.24%權益。根據 證券及期貨條例 ，彼作為信託受益人，被視為於舜宇集團僱員海外信託所持全部股權中擁有權益。舜基擁有舜旭100.00%股權，而舜旭擁有389,091,927股本公司股份。因此，根據 證券及期貨條例 ，舜基作為控股股東被視為於舜

741、旭所擁有的全部股份中擁有權益。因此，根據 證券及期貨條例 ，葉遼寧先生被視為於389,091,927股股份中擁有權益。(5) 葉遼寧先生作為承授人被視為於根據限制性股份獎勵計劃授出的2,280,148股股份中擁有權益。(6) 孫泱先生為舜宇集團僱員海外信託的受益人，實益擁有當中1.56%權益。根據 證券及期貨條例 ，彼作為信託受益人，被視為於舜宇集團僱員海外信託所持全部股權中擁有權益。舜基擁有舜旭100.00%股權，而舜旭擁有389,091,927股本公司股份。因此，根據 證券及期貨條例 ，舜基作為控股股東被視為於舜旭所擁有的全部股份中擁有權益。因此，根據 證券及期貨條例 ，孫泱先生被視為於3

742、89,091,927股股份中擁有權益。舜宇光學科技 （集團） 有限公司 2020 年報 105Directors Report董事會報告(7) Mr. Sun Yang is taken to be interested as a grantee of 120,148 shares granted under the Restricted Share Award Scheme.(8) Mr. Wang Wenjie is a beneficiary under the Sunny Group Employee Offshore Trust, under which he is entitled

743、 to 5.01% of the beneficial interests. As a beneficiary of the trust, he is deemed to be interested in all the equity interest that Sunny Group Employee Offshore Trust owns under the SFO. Sun Ji owns 100.00% equity interest in Sun Xu, which in turn owns 389,091,927 shares of the Company. As a contro

744、lling shareholder, Sun Ji is deemed to be interested in all the shares that Sun Xu owns under the SFO. Accordingly, Mr. Wang Wenjie is deemed to be interested in 389,091,927 shares under the SFO.(9) Mr. Wang Wenjie is taken to be interested as a grantee of 1,563,290 shares granted under the Restrict

745、ed Share Award Scheme.* The Chinese translation of Sun Guang Trust (“舜光信託”) is for identification purpose only.Save as disclosed above, none of the Directors and chief executives had any interests or short positions in any shares, underlying shares or debentures of the Company or any of its associat

746、ed corporations as at 31 December 2020.(7) 孫泱先生作為承授人被視為於根據限制性股份獎勵計劃授出的120,148股股份中擁有權益。(8) 王文杰先生為舜宇集團僱員海外信託的受益人，實益擁有當中5.01%權益。根據 證券及期貨條例 ，彼作為信託受益人，被視為於舜宇集團僱員海外信託所持全部股權中擁有權益。舜基擁有舜旭100.00%股權，而舜旭擁有389,091,927股本公司股份。因此，根據 證券及期貨條例 ，舜基作為控股股東被視為於舜旭所擁有的全部股份中擁有權益。因此，根據 證券及期貨條例 ，王文杰先生被視為於389,091,927股股份中擁有權益。(9

747、) 王文杰先生作為承授人被視為於根據限制性股份獎勵計劃授出的1,563,290股股份中擁有權益。* Sun Guang Trust的中文翻譯 （ 舜光信託 ） 僅供識別之用。除上文所披露者外，於二零二零年十二月三十一日，概無董事及主要行政人員擁有本公司或其任何相聯法團的任何股份、相關股份或債券的任何權益或淡倉。Sunny Optical Technology (Group) Company Limited ANNUAL REPORT 2020106Directors Report董事會報告RESTRICTED SHARE AWARD SCHEMEOn 22 March 2010 (the “A

748、doption Date”), the Board has adopted the Restricted Share Award Scheme. According to the Restricted Share Award Scheme, the Directors, all employees, senior staff, agents and consultants of the Company and its subsidiaries are entitled to participate in this scheme. The purpose of the Restricted Sh

749、are Award Scheme is to assist the Company in attracting new staff as well as motivating and retaining its current talents. The Restricted Share Award Scheme shall be effective from the Adoption Date and shall continue in full force and effect for a term of 10 years and be managed by its administrati

750、ve committee and the trustee. On 16 March 2020, the Board resolved to extend the Restricted Share Award Scheme period for ten years. As a result, the Restricted Share Awards Scheme, which shall originally terminate on 21 March 2020, shall now, unless terminated earlier by a resolution of the Board,

751、terminate on 21 March 2030. Details of the Restricted Share Award Scheme could be found in the Note 42 to the consolidated financial statements.For the year ended 31 December 2020, details of movements of the shares issued under the Restricted Share Award Scheme were as follows:Number of shares (Not

752、e 2)股份數目 （附註2）Date of grantFair value of each share (Note 1)As at 1 January 2020Granted during the yearVested during the yearLapsed during the yearAs at 31 December 2020Vesting period授予日期每股股份之公允值 （附註1）於二零二零年一月一日於年內授出於年內歸屬於年內失效於二零二零年十二月三十一日歸屬期HK$港元7 May 20101.64From 6 May 2014 to 6 May 2015二零一零年五月七日二

753、零一四年五月六日至 二零一五年五月六日14 March 20112.67From 13 March 2014 to 13 March 2015二零一一年三月十四日二零一四年三月十三日至 二零一五年三月十三日限制性股份獎勵計劃於二零一零年三月二十二日 （ 採納日期 ） ，董事會採納限制性股份獎勵計劃。根據限制性股份獎勵計劃，本公司及其附屬公司之董事、全體僱員、高級職員、代理及顧問均有權參與是項計劃。限制性股份獎勵計劃之目的為協助本公司吸納新人、激勵及挽留現有人才。該計劃由採納日期起生效，並持續生效十年，由該計劃之管理委員會及受託人管理。於二零二零年三月十六日，董事會決議將限制性股份獎勵計劃的期限

754、延長十年。因此，本應於二零二零年三月二十一日終止的限制性股份獎勵計劃現將於二零三零年三月二十一日終止，除非經董事會決議案提前終止。限制性股份獎勵計劃之詳情載於綜合財務報表附註42。截至二零二零年十二月三十一日止年度，根據限制性股份獎勵計劃發行股份的變動詳情如下：舜宇光學科技 （集團） 有限公司 2020 年報 107Directors Report董事會報告Number of shares (Note 2)股份數目 （附註2）Date of grantFair value of each share (Note 1)As at 1 January 2020Granted during the

755、yearVested during the yearLapsed during the yearAs at 31 December 2020Vesting period授予日期每股股份之公允值 （附註1）於二零二零年一月一日於年內授出於年內歸屬於年內失效於二零二零年十二月三十一日歸屬期HK$港元18 August 20111.64 From 17 August 2014 to 17 August 2015二零一一年八月十八日二零一四年八月十七日至 二零一五年八月十七日14 March 20122.70 13 March 2016二零一二年三月十四日二零一六年三月十三日17 August 201

756、23.08 From 16 August 2015 to 16 August 2017二零一二年八月十七日二零一五年八月十六日至 二零一七年八月十六日21 December 20125.12 20 December 2016二零一二年十二月二十一日二零一六年十二月二十日9 March 20138.10 8 March 2017二零一三年三月九日二零一七年三月八日13 August 20138.69 From 12 August 2016 to 12 August 2017二零一三年八月十三日二零一六年八月十二日至 二零一七年八月十二日22 October 20137.79 21 October

757、 2017二零一三年十月二十二日二零一七年十月二十一日11 March 20147.19 10 March 2018二零一四年三月十一日二零一八年三月十日15 August 20149.74 From 14 August 2017 to 14 August 2018二零一四年八月十五日二零一七年八月十四日至 二零一八年八月十四日21 October 201412.46 20 October 2018二零一四年十月二十一日二零一八年十月二十日9 March 201514.30 8 March 2019二零一五年三月九日二零一九年三月八日26 May 201517.28 25 May 2017二零

758、一五年五月二十六日二零一七年五月二十五日24 August 201512.26 23 August 2019二零一五年八月二十四日二零一九年八月二十三日Sunny Optical Technology (Group) Company Limited ANNUAL REPORT 2020108Directors Report董事會報告Number of shares (Note 2)股份數目 （附註2）Date of grantFair value of each share (Note 1)As at 1 January 2020Granted during the yearVested du

759、ring the yearLapsed during the yearAs at 31 December 2020Vesting period授予日期每股股份之公允值 （附註1）於二零二零年一月一日於年內授出於年內歸屬於年內失效於二零二零年十二月三十一日歸屬期HK$港元15 November 201517.76 From 14 November 2017 to 14 November 2018二零一五年十一月十五日二零一七年十一月十四日至 二零一八年十一月十四日15 April 201624.25 14 April 2018二零一六年四月十五日二零一八年四月十四日15 November 201

760、637.45 From 14 November 2018 to 14 November 2019二零一六年十一月十五日二零一八年十一月十四日至 二零一九年十一月十四日18 April 201755.20 17 April 2019二零一七年四月十八日二零一九年四月十七日30 June 201770.00 61,867(58,586)(3,281)29 June 2020二零一七年六月三十日二零二零年六月二十九日15 November 2017140.10 105105From 14 April 2019 to 14 November 2020二零一七年十一月十五日二零一九年四月十四日至 二零二

761、零年十一月十四日16 April 2018156.00 242,920(240,840)(2,080)15 April 2020二零一八年四月十六日二零二零年四月十五日3 July 2018144.30 111,046（55,569）(3,829)51,648From 2 July 2020 to 2 July 2021二零一八年七月三日二零二零年七月二日至 二零二一年七月二日15 November 201875.85 173,911(165,585)(7,805)521From 14 April 2020 to 14 November 2020二零一八年十一月十五日二零二零年四月十四日至 二

762、零二零年十一月十四日15 April 2019100.90 1,694,709 (707,643)(25,338)961,728From 14 April 2021 to 14 April 2022二零一九年四月十五日二零二一年四月十四日至 二零二二年四月十四日舜宇光學科技 （集團） 有限公司 2020 年報 109Directors Report董事會報告Number of shares (Note 2)股份數目 （附註2）Date of grantFair value of each share (Note 1)As at 1 January 2020Granted during the

763、yearVested during the yearLapsed during the yearAs at 31 December 2020Vesting period授予日期每股股份之公允值 （附註1）於二零二零年一月一日於年內授出於年內歸屬於年內失效於二零二零年十二月三十一日歸屬期HK$港元2 July 2019 88.20 336,735 (118,543)(10,021)208,171From 1 July 2021 to 1 July 2022二零一九年七月二日二零二一年七月一日至 二零二二年七月一日15 November 2019123.40 303,549 (141,385)(2

764、1,847)140,31714 November 2021二零一九年十一月十五日二零二一年十一月十四日15 May 2020122.50 845,947(30,814)815,13314 April 2022二零二零年五月十五日二零二二年四月十四日2 July 2020126.80 261,463 （5,678）255,785From 1 July 2022 to 1 July 2023二零二零年七月二日二零二二年七月一日至 二零二三年七月一日16 November 2020153.40 351,181 （1,759）349,42215 November 2022二零二零年十一月十六日二零二二

765、年十一月十五日2,924,8421,458,591(1,488,151)(112,452)2,782,830Notes:(1) The fair value of the shares was calculated based on the closing price per share on the date of grant.(2) According to the Groups internal policy, the shares which have been granted to the employees (to be promoted later) but not yet ve

766、sted, will remain unvested during the promotion year and be carried forward to the next year after promotion.Save as disclosed above, at no time during the year was the Company or its subsidiaries a party to any arrangement to enable the Directors or any of their spouses or children under 18 years o

767、f age to acquire benefits by means of the acquisition of shares in or debentures of the Company or any other corporation.附註：(1) 股份的公允值乃根據於授予日期每股股份的收市價計算。(2) 根據本集團的內部政策，已授予僱員 （其後獲晉升） 但尚未歸屬的股份，將於晉升年度保持尚未歸屬，並將結餘轉至其晉升後的下一年度。除上文所披露者外，本公司或其附屬公司於年內並無訂立任何安排，使董事或彼等各自的配偶或未滿18歲的子女可透過收購本公司或任何其他法團的股份或債券而獲取利益。Sun

768、ny Optical Technology (Group) Company Limited ANNUAL REPORT 2020110Directors Report董事會報告PURCHASE, SALE OR REDEMPTION OF THE COMPANYS SHARESThe Company is empowered by the applicable Cayman Islands Companies Law and the Companys Articles of the Association to repurchase its own shares subject to cert

769、ain restrictions and the Board may only exercise this power on behalf of the Company subject to any applicable regulations imposed from time to time by the Hong Kong Stock Exchange. There was no purchase, sale, redemption or writing-off by the Company, with the exception of the trustee of the Restri

770、cted Share Award Scheme, of the Companys listed shares during the year ended 31 December 2020.DIRECTORS INTERESTS IN SIGNIFICANT CONTRACTSSave as disclosed in the section “Connected transactions” of this report below, no significant contract, to which the Company, its holding company, its controllin

771、g shareholder, fellow subsidiaries or subsidiaries was a party and in which a Director had a material interest, whether directly or indirectly, subsisted at the end of the year or at any time during the year.MANAGEMENT CONTRACTNo management contract in force during the year for the management and ad

772、ministration of the whole or any substantial part of the Groups business subsisted at the end of the year or at any time during the year.DISCLOSURE OF SUBSTANTIAL SHAREHOLDERS EQUITIESAs at 31 December 2020, so far as the Directors are aware of, the following persons or institutions have beneficial

773、interests or short positions in any shares or underlying shares of the Company which would fall to be disclosed to the Company under the provisions of Divisions 2 and 3 of Part XV of the SFO, Cap 571 of the Laws of Hong Kong, or which were recorded in the register required to be kept by the Company

774、pursuant to section 336 of the SFO:購買、出售或贖回本公司股份根據適用的開曼群島公司法和本公司章程細則，本公司可在若干限制下購回其本身股份，惟董事會僅可代表本公司行使該項權力時，必須符合香港聯交所不時實施的任何適用規定。截至二零二零年十二月三十一日止年度，本公司 （限制性股份獎勵計劃受託人所購買除外） 概無購買、出售、贖回或撇銷本公司的上市股份。董事於重大合約權益除本報告下文 關連交易 一節所披露者外，本公司、其控股公司、控股股東、同系附屬公司或附屬公司概無於年底或年內任何時間訂立仍然有效而董事於其中 （不論直接或間接） 擁有重大利益的重大合約。管理合約並無有

775、關管理及經營本集團全部業務或任何重大業務部分且於年底或年內任何時間仍然生效的現行管理合約。主要股東權益披露於二零二零年十二月三十一日，就董事所知，下列人士或機構擁有根據香港法例第571章證券及期貨條例第XV部第2及3分部規定須向本公司披露的任何本公司股份或相關股份中的實益權益或淡倉，或根據證券及期貨條例第336節要求本公司備存之登記冊上的權益或淡倉：舜宇光學科技 （集團） 有限公司 2020 年報 111Directors Report董事會報告NameLong position/short position/lending poolType of interestNumber of shar

776、eApproximate percentage of shareholding名稱可供借出的股份權益類別股份數目持股概約百分比Sun XuLong positionBeneficial owner389,091,92735.47%舜旭好倉實益擁有人Sun JiLong positionInterest in a controlled corporation (Note 1)389,091,92735.47%舜基好倉受控法團權益 （附註1）Mr. Wang WenjianLong positionBeneficial owner (Note 2)149,4680.01%王文鑒先生好倉實益擁有人

777、（附註2）Long positionBeneficiary and founder of a trust (Note 3)33,364,1333.04%好倉信託受益人及成立人 （附註3）Long positionTrustee and beneficiary of a trust (Note 4)389,091,92735.47%好倉信託受託人兼受益人 （附註4）TMF Trust (HK) LimitedLong positionTrustee of a trust (Note 5)389,091,92735.47%達盟信託服務 （香港） 有限公司好倉信託受託人 （附註5）Mr. Ye Li

778、aoningLong positionBeneficial owner (Note 6)2,280,1480.21%葉遼寧先生好倉實益擁有人 （附註6）Long positionBeneficiary of a trust (Note 7)389,091,92735.47%好倉信託受益人 （附註7）Mr. Sun YangLong positionBeneficial owner (Note 8)120,1480.01%孫泱先生好倉實益擁有人 （附註8）Long positionBeneficiary of a trust (Note 9)389,091,92735.47%好倉信託受益人 （附

779、註9）Mr. Wang WenjieLong positionBeneficial owner (Note 10)1,563,2900.14%王文杰先生好倉實益擁有人 （附註10）Long positionBeneficiary of a trust (Note 11)389,091,92735.47%好倉信託受益人 （附註11）JPMorgan Chase & Co. Long positionInterest of controlled corporation, investment manager and person having a security interest in shar

780、es (Note 12)63,867,8565.82%JPMorgan Chase & Co.好倉於受控法團之權益、投資經理及持有 股份的保證權益的人 （附註12）Short positionInterest of controlled corporation (Note 12)7,777,2050.70%淡倉於受控法團之權益 （附註12）Lending poolApproved lending agent (Note 12)15,227,5921.38%可供借出的股份核准借出代理人 （附註12）Sunny Optical Technology (Group) Company Limited

781、ANNUAL REPORT 2020112Directors Report董事會報告Notes:(1) As Sun Ji owns more than one-third of the voting power of general meetings of Sun Xu, Sun Ji is deemed to be interested in the 389,091,927 shares held by Sun Xu under the provisions of SFO.(2) Mr. Wang Wenjian is taken to be interested as a grantee

782、 of 149,468 shares granted under the Restricted Share Award Scheme.(3) Mr. Wang Wenjian is the beneficiary and founder of Sun Guang Trust*. Sun Guang Trust* is the trust of the entire issued share capital of Sun Guang, which owns 3.04% of the issued share capital of the Company. Accordingly, Mr. Wan

783、g Wenjian is deemed to be interested in 33,364,133 shares held by Sun Guang under the SFO.(4) Mr. Wang Wenjian is one of the two trustees (together with TMF Trust (HK) Limited) and one of the beneficiaries of the Sunny Group Employee Offshore Trust, under which he is entitled to 1.79% of the benefic

784、ial interest. The Sunny Group Employee Offshore Trust is a trust on the entire issued share capital of Sun Ji, which owned 100.00% equity interest in Sun Xu, which in turn owns 35.47% of the issued share capital of the Company. Accordingly, Mr. Wang Wenjian is deemed to be interested in 389,091,927

785、shares held by Sun Xu under the SFO.(5) As TMF Trust (HK) Limited is one of the two trustees (together with Mr. Wang Wenjian) of the Sunny Group Employee Offshore Trust, TMF Trust (HK) Limited is deemed to be interested in the 389,091,927 shares held by Sun Xu under the provisions of SFO.(6) Mr. Ye

786、Liaoning is taken to be interested as a grantee of 2,280,148 shares granted under the Restricted Share Award Scheme.(7) Mr. Ye Liaoning is a beneficiary under the Sunny Group Employee Offshore Trust, under which he is entitled to 8.24% of the beneficial interest. As a beneficiary of the trust, he is

787、 deemed to be interested in all the equity interest that Sunny Group Employee Offshore Trust owns under the SFO. Sun Ji owns 100.00% equity interest in Sun Xu, which in turn owns 389,091,927 shares of the Company. As a controlling shareholder, Sun Ji is deemed to be interested in all the shares that

788、 Sun Xu owns under the SFO. Accordingly, Mr. Ye Liaoning is deemed to be interested in 389,091,927 shares under the SFO.(8) Mr. Sun Yang is taken to be interested as a grantee of 120,148 shares granted under the Restricted Share Award Scheme.附註：(1) 由於舜基持有超過三分之一的舜旭股東大會投票權，因此根據 證券及期貨條例 ，舜基被視為於舜旭所持389,

789、091,927股股份中擁有權益。(2) 王文鑒先生作為承授人被視為於根據限制性股份獎勵計劃授出的149,468股股份中擁有權益。(3) 王文鑒先生為舜光信託*的受益人及成立人。舜光信託*為舜光全部已發行股本的信託，而舜光擁有本公司已發行股本3.04%。因此，根據 證券及期貨條例 ，王文鑒先生被視為於舜光所持33,364,133股股份中擁有權益。(4) 王文鑒先生連同達盟信託服務 （香港） 有限公司為舜宇集團僱員海外信託的兩位受託人其中之一，兼為該信託受益人之一，實益擁有當中1.79%權益。舜宇集團僱員海外信託為舜基全部已發行股本的信託，而舜基持有舜旭100.00%股權，而舜旭擁有本公司已發行股

790、本35.47%。因此，根據 證券及期貨條例 ，王文鑒先生被視為於舜旭所持389,091,927股股份中擁有權益。(5) 由於達盟信託服務 （香港） 有限公司連同王文鑒先生為舜宇集團僱員海外信託的兩位受託人其中之一，故此根據 證券及期貨條例 ，達盟信託服務 （香港） 有限公司被視為於舜旭所持389,091,927股股份中擁有權益。(6) 葉遼寧先生作為承授人被視為於根據限制性股份獎勵計劃授出的2,280,148股股份中擁有權益。(7) 葉遼寧先生為舜宇集團僱員海外信託的受益人，實益擁有當中8.24%權益。根據 證券及期貨條例 ，彼作為信託受益人，被視為於舜宇集團僱員海外信託所持全部股權中擁有權益

791、。舜基擁有舜旭100.00%股權，而舜旭擁有389,091,927股本公司股份。因此，根據 證券及期貨條例 ，舜基作為控股股東被視為於舜旭所擁有的全部股份中擁有權益。因此，根據 證券及期貨條例 ，葉遼寧先生被視為於389,091,927股股份中擁有權益。(8) 孫泱先生作為承授人被視為於根據限制性股份獎勵計劃授出的120,148股股份中擁有權益。舜宇光學科技 （集團） 有限公司 2020 年報 113Directors Report董事會報告(9) Mr. Sun Yang is a beneficiary under the Sunny Group Employee Offshore Tru

792、st, under which he is entitled to 1.56% of the beneficial interests. As a beneficiary of the trust, he is deemed to be interested in all the equity interest that Sunny Group Employee Offshore Trust owns under the SFO. Sun Ji owns 100.00% equity interest in Sun Xu, which in turn owns 389,091,927 shar

793、es of the Company. As a controlling shareholder, Sun Ji is deemed to be interested in all the shares that Sun Xu owns under the SFO. Accordingly, Mr. Sun Yang is deemed to be interested in 389,091,927 shares under the SFO.(10) Mr. Wang Wenjie is taken to be interested as a grantee of 1,563,290 share

794、s granted under the Restricted Share Award Scheme.(11) Mr. Wang Wenjie is a beneficiary under the Sunny Group Employee Offshore Trust, under which he is entitled to 5.01% of the beneficial interests. As a beneficiary of the trust, he is deemed to be interested in all the equity interest that Sunny G

795、roup Employee Offshore Trust owns under the SFO. Sun Ji owns 100.00% equity interest in Sun Xu, which in turn owns 389,091,927 shares of the Company. As a controlling shareholder, Sun Ji is deemed to be interested in all the shares that Sun Xu owns under the SFO. Accordingly, Mr. Wang Wenjie is deem

796、ed to be interested in 389,091,927 shares under the SFO.(12) JPMorgan Chase & Co., through various subsidiaries, is indirectly interested in (a) 63,867,856 shares of the Company (long position), of which (i) 9,408,906 shares (long position) were held in the capacity as interest of controlled corpora

797、tion; (ii) 38,193,526 shares (long position) were held in the capacity as investment manager; (iii) 1,037,832 shares (long position) were held in the capacity as person having a security interest in shares; and (iv) 15,227,592 shares (long position) in the lending pool as described in the SFO in the

798、 capacity as approved lending agent; and (b) 7,777,205 shares of the Company (short position) held in the capacity as interest of controlled corporation. Among them include (i) physically settled listed derivatives in respect of 931,000 underlying shares (long position) and 1,985,000 underlying shar

799、es (short position); (ii) cash settled listed derivatives in respect of 8,100 underlying shares (long position) and 101,800 underlying shares (short position); (iii) physically settled unlisted derivatives in respect of 77,636 underlying shares (long position) and 2,956,318 underlying shares (short

800、position); and (iv) cash settled unlisted derivatives in respect of 1,238,112 underlying shares (long position) and 835,177 underlying shares (short position).* The Chinese translation of Sun Guang Trust (“舜光信託”) is for identification purpose only.(9) 孫泱先生為舜宇集團僱員海外信託的受益人，實益擁有當中1.56%權益。根據 證券及期貨條例 ，彼作

801、為信託受益人，被視為於舜宇集團僱員海外信託所持全部股權中擁有權益。舜基擁有舜旭100.00%股權，而舜旭擁有389,091,927股本公司股份。因此，根據 證券及期貨條例 ，舜基作為控股股東被視為於舜旭所擁有的全部股份中擁有權益。因此，根據 證券及期貨條例 ，孫泱先生被視為於389,091,927股股份中擁有權益。(10) 王文杰先生作為承授人被視為於根據限制性股份獎勵計劃授出的1,563,290股股份中擁有權益。(11) 王文杰先生為舜宇集團僱員海外信託的受益人，實益擁有當中5.01%權益。根據 證券及期貨條例 ，彼作為信託受益人，被視為於舜宇集團僱員海外信託所持全部股權中擁有權益。舜基擁有

802、舜旭100.00%股權，而舜旭擁有389,091,927股本公司股份。因此，根據 證券及期貨條例 ，舜基作為控股股東被視為於舜旭所擁有的全部股份中擁有權益。因此，根據 證券及期貨條例 ，王文杰先生被視為於389,091,927股股份中擁有權益。(12) JPMorgan Chase & Co. 透過多間附屬公司間接擁有(a)63,867,856股本公司股份 （好倉） ，當中(i)9,408,906股股份 （好倉） 以於受控法團之權益的身份持有；(ii)38,193,526股股份 （好倉） 以投資經理的身份持有；(iii)1,037,832股股份 （好倉） 以持有股份的保證權益的人的身份持有；及

803、(iv)15,227,592股股份 （好倉） 於證券及期貨條例所界定之可供借出之股份以核准借出代理人的身份持有；及(b)7,777,205股股份 （淡倉） 以於受控法團之權益的身份持有。其中包括(i)實物結算上市衍生工具下的931,000股相關股份 （好倉） 及1,985,000股相關股份 （淡倉） ；(ii)現金結算上市衍生工具下的8,100股相關股份 （好倉）及101,800股相關股份 （淡倉） ；(iii)實物結算非上市衍生工具下的77,636股相關股份 （好倉） 及2,956,318股相關股份 （淡倉） ；及(iv)現金結算非上市衍生工具下的1,238,112股相關股份 （好倉）及83

804、5,177股相關股份 （淡倉） 。* Sun Guang Trust的中文翻譯 （ 舜光信託 ） 僅供識別之用。Sunny Optical Technology (Group) Company Limited ANNUAL REPORT 2020114Directors Report董事會報告Save as disclosed herein, the Company has not been notified of any other person who had an interest or a short position in the Shares and underlying Shar

805、es (in respect of positions pursuant to equity derivatives) as recorded in the register required to be kept by the Company pursuant to section 336 of the SFO as at 31 December 2020.APPOINTMENT OF INDEPENDENT NON-EXECUTIVE DIRECTORSThe Company has received from each of the independent non-executive D

806、irectors an annual confirmation of his independence pursuant to Rule 3.13 of the Listing Rules. The Company considers all of the independent non-executive Directors independent.CONNECTED TRANSACTIONSAND CONTINUING CONNECTED TRANSACTIONSThe Company has established connected transaction policy to stre

807、ngthen internal control, protect the legitimate interests of shareholders and improve the corporate governance structure. This policy has defined the scopes of connected parties and connected transactions. It also requires the Company to disclose the related information of connected transactions, co

808、nduct the annual audit of continuing connected transactions and follow the principles of the connected transactions decision-making and abstaining rules.The Audit Committee shall, in accordance with its roles and functions, review whether the arrangements for connected transactions and continuing co

809、nnected transactions are fair and reasonable. The Audit Committee judges whether the connected transaction is beneficial to the Company according to objective criteria, and if necessary, it will hire professional appraisers or independent financial advisers to give or provide advice. A director who

810、has any interest in the connected parties shall abstain when the Board votes on the matter. If necessary, an independent board committee shall be established to evaluate and approve the conflict transactions, and the members of the committee shall not have any independent non-executive Director who

811、has significant interests in the relevant transactions or arrangements.除此處所披露者外，於二零二零年十二月三十一日，概無任何人士知會本公司，彼於本公司股份及相關股份 （與根據股本衍生工具所持有的持倉量相關） 中擁有記錄於根據證券及期貨條例第336節要求本公司備存之登記冊上的權益或淡倉。委任獨立非執行董事本公司已接獲各獨立非執行董事根據上市規則第3.13條之規定而發出有關其獨立性之年度確認函，本公司認為全體獨立非執行董事均為獨立人士。關連交易及持續關連交易本公司已訂立關連交易制度，以加強內部監控，保護股東合法利益，完善公司治

812、理結構。該制度已定義關連人士及關連交易的範圍，並要求本公司披露關連交易的相關信息，進行持續關連交易年度審核，且遵循關連交易決策原則及迴避制度。審核委員會根據其工作及職能，審閱關連交易或持續關連交易的安排是否公平合理。審核委員會根據客觀標準判斷該關連交易是否對本公司有利，必要時應聘請專業評估師或獨立財務顧問發表或提供諮詢意見。與關連人士有任何利害關係的董事，在董事會就該事項表決時，應當迴避。如有需要，須成立獨立董事委員會，評估及批准衝突交易，且委員會成員不得有任何於有關交易或安排中佔有重大利益的獨立非執行董事。舜宇光學科技 （集團） 有限公司 2020 年報 115Directors Repor

813、t董事會報告The independent non-executive Directors of the Company review the Groups continuing connected transactions every year and confirm that such transactions meet the following requirements: 1. concluded in the Groups daily businesses; 2. conducted in accordance with normal or better commercial ter

814、ms; and 3. conducted in accordance with the agreement on relevant transactions, with fair and reasonable terms and in line with the overall interests of shareholders of the Company. The Company has also hired an external auditor to review the Groups continuing connected transactions. As disclosed un

815、der Note 41 to the consolidated financial statements, none of the related party transactions entered into by the Company during the year ended 31 December 2020 constituted a connected transaction or continuing connected transaction under the Listing Rules. For the year ended 31 December 2020, the Co

816、mpany has not entered into any connected transaction or continuing connected transaction.INTERESTS IN COMPETITORSNo Director or chief executive of the Company holds any interests in entities which compete with the Group in any aspects of its business.EMOLUMENT POLICYThe Groups emolument policy is de

817、signed to attract, retain and motivate talented individuals to contribute to the success of its business. The emolument policy of the employees of the Group is formulated and reviewed by the Remuneration Committee on the basis of their merits, qualifications and competence.The emoluments of the Dire

818、ctors of the Company are decided by the Remuneration Committee, having regards to the Groups operating results, individual performance and comparable market statistics.The Group operates a mandatory provident fund (“MPF”) scheme under rules and regulations of MPF Schemes Ordinance for all its employ

819、ees in Hong Kong. All the employees of the Group in Hong Kong are required to join the MPF scheme. Contributions are made based on a percentage of the employees salaries and are charged to consolidated statement of profit or loss as they become payable in accordance with the rules of the MPF scheme.

820、 The assets of the MPF scheme are held separately from those of the Group in an independently administered fund. The Groups employer contributions vest fully with the employees when contributed into the MPF scheme. No forfeited contribution is available to reduce the contribution payable in the futu

821、re years as at 31 December 2020.本公司的獨立非執行董事每年會審閱本集團的持續關連交易，且確認該等交易滿足：1、在本集團的日常業務中訂立；2、按照一般商務條款或更佳條款進行；及3、根據有關交易的協議進行，條款公平合理，且符合本公司股東的整體利益。本公司亦已聘請外部核數師審閱本集團之持續關連交易。如綜合財務報表附註41所披露，本公司截至二零二零年十二月三十一日止年度訂立的關連人士交易並無構成上市規則項下的關連交易或持續關連交易。截至二零二零年十二月三十一日止年度，本公司並未訂立任何關連交易或持續關連交易。擁有競爭對手的權益概無本公司董事或主要行政人員擁有與本集團任何

822、業務競爭的公司任何權益。薪酬政策本集團之薪酬政策旨在吸引、挽留及鼓勵有才之士為本集團業務之成功作出貢獻。本集團僱員之薪酬政策乃由薪酬委員會按彼等之功績、資歷及勝任能力而制定及檢討。本公司董事之薪酬乃由薪酬委員會視乎本集團之經營業績、個人表現及可比較的市場統計數據而決定。本集團根據強制性公積金 （ 強積金 ） 計劃條例之規則及規例為其所有香港僱員設立一項強積金計劃。本集團所有於香港的僱員均須加入強積金計劃。供款按僱員薪金的某一百分比作出，並根據強積金計劃之規則於應予支付時在綜合損益表扣除。強積金計劃之資產與本集團的其他資產分開處理，由一獨立管理之基金持有。向強積金計劃供款時，本集團僱主供款將全數

823、歸屬於僱員所有。於二零二零年十二月三十一日，並無沒收之供款以供來年扣減應付供款。Sunny Optical Technology (Group) Company Limited ANNUAL REPORT 2020116Directors Report董事會報告The Groups subsidiaries in the PRC, in compliance with the applicable regulations of the PRC, participate in a state-managed retirement benefits scheme operated by the l

824、ocal government. The subsidiaries are required to contribute a specific percentage of their payroll costs to the retirement benefits scheme. The only obligation of the Group with respect to the retirement benefits scheme is to make the specified contributions.For the year ended 31 December 2020, the

825、 total amounts contributed by the Group to the schemes and costs charged to the consolidated income statement represent contribution payable to the schemes by the Group at designated rates according to the rules of the schemes.PRE-EMPTIVE RIGHTSThere are no provisions for pre-emptive rights under th

826、e Companys Articles of Association, or the laws of Cayman Islands, which would oblige the Company to offer new shares on a pro-rata basis to existing shareholders.SUFFICIENCY OF PUBLIC FLOATBased on information that is publicly available to the Company and within knowledge of its Directors at the la

827、test practicable date prior to the issue of this annual report, the Company has maintained a sufficient public float throughout the year ended 31 December 2020.AUDITORSA resolution will be proposed at the AGM to re-appoint Messrs. Deloitte Touche Tohmatsu as auditors of the Company.By order of the B

828、oard of DirectorsYe LiaoningChairman and Executive DirectorChina17 March 2021本集團於中國之附屬公司遵照中國之適用規則，參與一項國家管理且由當地政府經營的退休福利計劃。附屬公司須按工資成本的指定百分比向退休福利計劃供款。本集團就退休福利計劃之唯一責任為作出指定供款。截至二零二零年十二月三十一日止年度，本集團向計劃供款總額及於綜合收益表扣除之成本，代表本集團根據計劃規則按指定比率向計劃應付之供款數額。優先購買權根據本公司章程細則或開曼群島法例，並無優先購買權條文要求本公司向現有股東按比例提呈發售新股份。足夠公眾持股量基於

829、於刊發本年報前之最近適用日期本公司可獲得之公開資訊及就董事所知，本公司截至二零二零年十二月三十一日止年度一直維持足夠之公眾持股量。核數師股東週年大會上將提呈一項決議案，續聘德勤關黃陳方會計師行為本公司核數師。承董事會命葉遼寧主席及執行董事中國二零二一年三月十七日舜宇光學科技 （集團） 有限公司 2020 年報 117 Independent Auditors Report獨立核數師報告TO THE SHAREHOLDERS OFSUNNY OPTICAL TECHNOLOGY (GROUP) COMPANY LIMITED(incorporated in the Cayman Islands

830、with limited liability)OpinionWe have audited the consolidated financial statements of Sunny Optical Technology (Group) Company Limited (the “Company”) and its subsidiaries (collectively referred to as the “Group”) set out on pages 123 to 286, which comprise the consolidated statement of financial p

831、osition as at 31 December 2020, and the consolidated statement of profit or loss and other comprehensive income, consolidated statement of changes in equity and consolidated statement of cash flows for the year then ended, and notes to the consolidated financial statements, including a summary of si

832、gnificant accounting policies.In our opinion, the consolidated financial statements give a true and fair view of the consolidated financial position of the Group as at 31 December 2020, and of its consolidated financial performance and its consolidated cash flows for the year then ended in accordanc

833、e with Hong Kong Financial Reporting Standards (“HKFRSs”) issued by the Hong Kong Institute of Certified Public Accountants (“HKICPA”) and have been properly prepared in compliance with the disclosure requirements of the Hong Kong Companies Ordinance.Basis for OpinionWe conducted our audit in accord

834、ance with Hong Kong Standards on Auditing (“HKSAs”) issued by the HKICPA. Our responsibilities under those standards are further described in the Auditors Responsibilities for the Audit of the Consolidated Financial Statements section of our report. We are independent of the Group in accordance with

835、 the HKICPAs Code of Ethics for Professional Accountants (the “Code”), and we have fulfilled our other ethical responsibilities in accordance with the Code. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.Key Audit MattersKey audit

836、 matters are those matters that, in our professional judgment, were of most significance in our audit of the consolidated financial statements of the current period. These matters were addressed in the context of our audit of the consolidated financial statements as a whole, and in forming our opini

837、on thereon, and we do not provide a separate opinion on these matters.致舜宇光學科技 （集團） 有限公司全體股東（於開曼群島註冊成立的有限公司）意見我們已審核載於第123至286頁舜宇光學科技（集團） 有限公司 （ 貴公司 ） 及其附屬公司 （統稱 貴集團 ） 的綜合財務報表，包括於二零二零年十二月三十一日的綜合財務狀況表與截至該日止年度的綜合損益及其他全面收益表、綜合權益變動表及綜合現金流量表，以及綜合財務報表附註，包括主要會計政策概要。我們認為，該等綜合財務報表已根據香港會計師公會 （ 香港會計師公會 ） 頒佈的 香港財

838、務報告準則（ 香港財務報告準則 ） 真實公允地反映貴集團於二零二零年十二月三十一日的綜合財務狀況及截至該日止年度的綜合財務表現及綜合現金流量，並已按照香港公司條例的披露要求妥為編製。意見的基礎我們根據香港會計師公會頒佈的香港核數準則（ 香港核數準則 ） 進行審核工作。根據該等準則，我們的責任於本報告 核數師就審核綜合財務報表的責任 一節中進一步詳述。根據香港會計師公會頒佈的 專業會計師道德守則（ 守則 ） ，我們獨立於貴集團，並已遵循該 守則 履行其他道德責任。我們認為，我們所獲得的審核憑證屬充分及恰當，可為我們的意見提供基準。關鍵審核事項根據我們的專業判斷，關鍵審核事項為我們審核本期綜合財務

839、報表中最重要的事項。我們在審核綜合財務報表及就此形成意見時處理該等事項，而不會就該等事項單獨發表意見。Sunny Optical Technology (Group) Company Limited ANNUAL REPORT 2020118Independent Auditors Report獨立核數師報告 Key audit matterHow our audit addressed the key audit matter關鍵審核事項核數師如何處理關鍵審核事項Impairment assessment of trade receivables 貿易應收款項的減值評估We identifi

840、ed impairment assessment of trade receivables as a key audit matter due to the significance of trade receivables to the Groups consolidated financial position and the involvement of subjective judgement and management estimates in evaluating the expected credit loss (“ECL”) of the Groups trade recei

841、vables at the end of the reporting period.基於貿易應收款項對貴集團合併財務狀況的重要性，以及在報告期末評估貴集團貿易應收款項的預期信貸虧損（ 預期信貸虧損 ） 時涉及主觀判斷和管理層估計的緣故，我們將貿易應收款項的減值評估確定為一項關鍵審計事項。As at 31 December 2020, the Groups net trade receivables amounting to RMB6,792,243,000, which represented approximately 19% of total assets of the Group. De

842、tails of trade receivables are set out in Note 25 to the consolidated financial statements.於二零二零年十二月三十一日， 貴集團的貿易應收款項淨額為人民幣6,792,243,000元，約佔貴集團總資產的約19%。貿易應收款項的詳情載於綜合財務報表附註25。As disclosed in Note 36(b) to the consolidated financial statements, the management of the Group estimates the amount of lifeti

843、me ECL of trade receivables based on provision matrix through grouping of various debtors that have similar loss patterns. Estimated loss rates are based on historical observed default rates over the expected life of the debtors and forward-looking information. In addition, trade receivables that ar

844、e credit impaired are assessed for ECL individually.如綜合財務報表附註36(b)所披露， 貴集團管理層通過對具有類似損失模式的各種債務人進行分組，利用減值矩陣模型估計貿易應收款項整個存續期的預期信貸虧損。預估的損失率乃基於貴集團歷史觀察到債務人於預期壽命間的違約率及前瞻性資訊。另外，對於信貸減值的貿易應收款項個別評估其預期信貸虧損。Our procedures in relation to impairment assessment of trade receivables included:我們對貿易應收款項的減值評估的相關程式如下： Un

845、derstanding the internal controls related to providing allowance under ECL model; 瞭解與預期信貸虧損模式下的撥備相關的內部監控； Testing the integrity of information used by management to develop the provision matrix, including trade receivables ageing analysis as at 31 December 2020, on a sample basis, by comparing indiv

846、idual items in the analysis with supporting documents; 測試管理層用於建立減值矩陣模型所使用到的資訊的完整性，包括通過分析比較單個項目相關的支持文件，對二零二零年十二月三十一日的貿易應收款項進行賬齡分析抽樣測試； Challenging managements basis and judgement in determining credit loss allowance on trade receivables as at 31 December 2020, including their identification of credit

847、 impaired trade receivables, the reasonableness of managements grouping of the remaining trade debtors into different categories in the provision matrix, and the basis of estimated loss rates applied in each category in the provision matrix (with reference to historical default rates and forward-loo

848、king information); and 質疑管理層在確定二零二零年十二月三十一日的貿易應收款項信貸虧損撥備的依據和判斷，包括管理層對信用減值的貿易應收款項的識別，對其他貿易應收款項在減值矩陣模型中分出不同組別的合理性，以及矩陣中各組適用的預計損失率的依據 （參考歷史違約率和前瞻性資訊） ；及 Evaluating the disclosures regarding the impairment assessment of trade receivables in Notes 25 and 36(b) to the consolidated financial statements. 評估

849、綜合財務報表附註25和36(b)中有關貿易應收款項減值評估的披露。舜宇光學科技 （集團） 有限公司 2020 年報 119 Independent Auditors Report獨立核數師報告Other InformationThe directors of the Company are responsible for the other information. The other information comprises the information included in the annual report, but does not include the consolidate

850、d financial statements and our auditors report thereon.Our opinion on the consolidated financial statements does not cover the other information and we do not express any form of assurance conclusion thereon.In connection with our audit of the consolidated financial statements, our responsibility is

851、 to read the other information and, in doing so, consider whether the other information is materially inconsistent with the consolidated financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If, based on the work we have performed, we conclude t

852、hat there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.Responsibilities of Directors and Those Charged with Governance for the Consolidated Financial StatementsThe directors of the Company are responsible for the

853、preparation of the consolidated financial statements that give a true and fair view in accordance with HKFRSs issued by HKICPA and the disclosure requirements of the Hong Kong Companies Ordinance, and for such internal control as the directors determine is necessary to enable the preparation of cons

854、olidated financial statements that are free from material misstatement, whether due to fraud or error.In preparing the consolidated financial statements, the directors are responsible for assessing the Groups ability to continue as a going concern, disclosing, as applicable, matters related to going

855、 concern and using the going concern basis of accounting unless the directors either intend to liquidate the Group or to cease operations, or have no realistic alternative but to do so.Those charged with governance are responsible for overseeing the Groups financial reporting process.其他資料貴公司董事負責其他資料

856、。其他資料包括年報中載列的資料，但不包括綜合財務報表及核數師報告。我們就綜合財務報表的意見並未包含其他資料且我們並不就其他資料表達任何形式的確定性結論。就我們對綜合財務報表的審計而言，我們的責任是閱讀其他資料，並在閱讀過程中考慮其他資料是否與綜合財務報表或我們於審計中得知的情況存在重大不符，或者似乎有重大錯誤陳述。倘基於我們所作工作，我們斷定倘其他資料存在重大錯誤陳述，則我們須匯報該事實。就此而言，我們並無須匯報的內容。董事責任及綜合財務報表負責管治人員的責任貴公司董事負責遵照香港會計師公會頒佈的香港財務報告準則及香港公司條例之披露規定編製呈列真實及公允意見的綜合財務報表，以及董事認定為必要的

857、內部監控，使綜合財務報表的編製並無由於欺詐或錯誤導致的重大錯誤陳述。於編製綜合財務報表時，董事負責評估貴集團持續經營的能力，披露有關持續經營事項（如適用） 及採用持續經營會計基準，除非董事擬對貴集團進行清算或終止經營，或別無他法而只能如此。負責管治的人士負責監督貴集團財務報告程序。Sunny Optical Technology (Group) Company Limited ANNUAL REPORT 2020120Independent Auditors Report獨立核數師報告 Auditors Responsibilities for the Audit of the Consoli

858、dated Financial StatementsOur objectives are to obtain reasonable assurance about whether the consolidated financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditors report that includes our opinion solely to you, as a body, in accord

859、ance with our agreed terms of engagement, and for no other purpose. We do not assume responsibility towards or accept liability to any other person for the contents of this report. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with HK

860、SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these consolidated financi

861、al statements.As part of an audit in accordance with HKSAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also: Identify and assess the risks of material misstatement of the consolidated financial statements, whether due to fraud or error, design and

862、 perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, fo

863、rgery, intentional omissions, misrepresentations, or the override of internal control. Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectivenes

864、s of the Groups internal control. Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the directors.核數師審計綜合財務報表的責任我們的目的為就綜合財務報表總體上是否不存在重大錯誤陳述 （不論其由欺詐或錯誤引起）提供合理保證，並按照我們協定的委聘條款向閣下 （作為一個團體） 發出一份包括我們的意見在內的核數師報告，除此之外，並無其他

865、目的。我們不會就本報告的內容向任何其他人士負上或承擔任何責任。儘管合理保證為高層次保證，但並不能保證根據香港會計準則實施的審計總能檢查出實際存在的重大錯誤陳述。重大錯誤陳述可由欺詐或錯誤引起，且倘合理預期該錯誤陳述 （個別或整體） 影響綜合財務報表使用者的經濟決策，則被視為重大錯誤陳述。作為根據香港會計準則進行審計的一部份，我們於整個審計過程中作出專業判斷並保持專業的懷疑態度。我們亦： 識別及評估綜合財務報表的重大錯誤陳述的風險 （不論其由欺詐或錯誤引起） ，設計及實施審計程序以應對該等風險，並取得充分及恰當的審計憑證作為我們意見的依據。未能發現欺詐所導致的重大錯誤陳述的風險大於由於錯誤引起重

866、大錯誤陳述的風險，原因是欺詐可能會涉及勾結、偽造、故意遺漏、不實陳述或凌駕於內部控制之上。 了解與審計相關的內部控制以設計恰當的審計程序，但並非為了就貴集團內部控制的有效性表達意見。 評估董事所用會計政策的恰當性及所作會計估計及有關披露的合理性。舜宇光學科技 （集團） 有限公司 2020 年報 121 Independent Auditors Report獨立核數師報告 Conclude on the appropriateness of the directors use of the going concern basis of accounting and, based on the a

867、udit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Groups ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditors report to the relat

868、ed disclosures in the consolidated financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditors report. However, future events or conditions may cause the Group to cease to continue as a go

869、ing concern. Evaluate the overall presentation, structure and content of the consolidated financial statements, including the disclosures, and whether the consolidated financial statements represent the underlying transactions and events in a manner that achieves fair presentation. Obtain sufficient

870、 appropriate audit evidence regarding the financial information of the entities or business activities within the Group to express an opinion on the consolidated financial statements. We are responsible for the direction, supervision and performance of the group audit. We remain solely responsible f

871、or our audit opinion.We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.We also provide those charged

872、with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, actions taken to eliminate threats or s

873、afeguards applied. 就董事使用持續經營會計基準的恰當性進行斷定，並依據所取得的審計憑證，斷定是否存在與可能會對貴集團持續經營的能力產生重大疑問的事件或狀況有關的重大不確定因素。倘我們斷定存在重大不確定因素，則我們須於核數師報告內就綜合財務報表的相關披露提請注意，或倘該等披露不充分，則修訂我們的意見。我們的結論乃基於直至我們的核數師報告日期所取得的審計憑證。然而，未來事件或狀況可能使得貴集團終止持續經營。 就綜合財務報表的整體呈列、架構及內容（包括披露） 及綜合財務報表是否公平反映有關交易及事項進行評估。 就貴集團實體或業務活動的財務資料取得充分恰當的審計憑證，以就綜合財務報表

874、發表意見。我們負責指導、監督及執行集團審計。我們對我們的審計意見負有完全責任。我們與負責管治的人員就 （其中包括） 審計的計劃範圍及時間以及重大審計發現進行溝通，包括於審計期間我們所發現的內部控制中的任何重大缺陷。我們亦向負責管治的人員提供表明我們已遵守有關獨立性的道德規定的聲明，並與彼等溝通所有被合理認為可能影響獨立性的關係及其他事項，以及在適用之情況下，採取消除威脅之行動或所應用之防範措施。Sunny Optical Technology (Group) Company Limited ANNUAL REPORT 2020122Independent Auditors Report獨立核數

875、師報告 From the matters communicated with those charged with governance, we determine those matters that were of most significance in the audit of the consolidated financial statements of the current period and are therefore the key audit matters. We describe these matters in our auditors report unless

876、 law or regulation precludes public disclosure about the matter or when, in extremely rare circumstances, we determine that a matter should not be communicated in our report because the adverse consequences of doing so would reasonably be expected to outweigh the public interest benefits of such com

877、munication.The engagement partner on the audit resulting in the independent auditors report is Mr. Jacky Wong Suk Hung.Deloitte Touche TohmatsuCertified Public AccountantsHong Kong17 March 2021根據與負責管治的人員進行溝通的事項，我們對當期綜合財務報表審計中屬重大而因此屬關鍵審計事項作出判定。我們於我們的核數師報告內對該等事項進行陳述，除非法律或法規不允許向公眾披露該等事項，或在極其罕有的情況下，我們認為

878、在合理的預期內披露該等事項的負面後果大於對公眾利益帶來的好處，因而決定在我們的報告內不予披露該等事項。獨立核數師報告的審計委聘合夥人為黃淑雄先生。德勤關黃陳方會計師行執業會計師香港二零二一年三月十七日舜宇光學科技 （集團） 有限公司 2020 年報 123FOR THE YEAR ENDED 31 DECEMBER 2020 截至二零二零年十二月三十一日止年度Consolidated Statement of Profit or Loss and Other Comprehensive Income綜合損益及其他全面收益表20202019二零二零年二零一九年NOTESRMB000RMB000附

879、註人民幣千元人民幣千元Revenue 收入5, 638,001,76537,848,704Cost of sales 銷售成本(29,303,890)(30,098,050) Gross profit 毛利8,697,8757,750,654Other income 其他收益7(a)510,390405,502Other gains and losses 其他收益及虧損7(b)187,257(200,615)Impairment losses under expected credit loss model, net of reversal 按預期信貸虧損模式計量的減值虧損，扣除撥回12,21

880、8(10,899)Selling and distribution expenses 銷售及分銷開支(313,478)(278,616)Research and development expenditure 研發開支(2,499,090)(2,209,337)Administrative expenses 行政開支(718,568)(650,410)Share of results of associates 分佔聯營公司業績1820(5,501)Finance costs 融資成本8(233,740)(250,438) Profit before tax 除稅前溢利5,642,8844,5

881、50,340Income tax expense 所得稅開支9(702,630)(530,965) Profit for the year 年內溢利104,940,2544,019,375Other comprehensive income (expense) 其他全面收益 （開支）Item that will not be reclassified to profit or loss:不會重新分類至損益的項目： Fair value gain on investments in equity instruments at fair value through other comprehens

882、ive income (“FVTOCI”) 按公允值計入其他全面收益 （ 按公允值計入其他全面收益 ） 的 權益工具投資的公允值收益18,977 Item that may be reclassified subsequently to profit or loss:其後可重新分類至損益的項目： Exchange differences arising on translation from foreign operations 換算海外業務所產生的匯兌差額(41,606)(1,512) Other comprehensive expense for the year 年內其他全面開支(22,

883、629)(1,512) Total comprehensive income for the year 年內全面收益總額4,917,6254,017,863 Profit for the year attributable to: 應佔年內溢利： Owners of the Company 本公司股東4,871,7933,991,298 Non-controlling interests 非控股權益68,46128,077 4,940,2544,019,375 Total comprehensive income attributable to: 應佔全面收益總額： Owners of the

884、 Company 本公司股東4,849,0093,989,331 Non-controlling interests 非控股權益68,61628,532 4,917,6254,017,863 Earnings per share Basic (RMB cents) 每股盈利基本 （人民幣分）12445.78364.81 Diluted (RMB cents) 攤薄 （人民幣分）12445.14364.19 Sunny Optical Technology (Group) Company Limited ANNUAL REPORT 2020124Consolidated Statement of

885、 Financial Position綜合財務狀況表AT 31 DECEMBER 2020 於二零二零年十二月三十一日31/12/202031/12/2019二零二零年十二月三十一日二零一九年十二月三十一日NOTESRMB000RMB000附註人民幣千元人民幣千元NON-CURRENT ASSETS 非流動資產Property, plant and equipment 物業、機器及設備147,513,1936,566,745Right-of-use assets 使用權資產15480,005402,743Investment properties 投資物業1640,90745,298Intan

886、gible assets 無形資產17363,137419,163Interests in associates 於聯營公司的權益181,953683Deferred tax assets 遞延稅項資產19207,332131,178Deposits paid for acquisition of property, plant and equipment就收購物業、機器及設備已支付的按金20359,086315,395Deposits paid for acquisition of land use right 就收購土地使用權已支付的按金2024,831Equity instruments

887、 at FVTOCI 按公允值計入其他全面收益的權益工具21134,609112,183Debt instruments at amortised cost 按攤銷成本計量的債務工具2227,962Financial assets at fair value through profit or loss (“FVTPL”)按公允值計入損益 （ 按公允值計入損益 ） 的金融資產23206,236185,147Derivative financial assets 衍生金融資產2713,654Time deposits 定期存款26500,000Goodwill 商譽2,1192,119 9,80

888、8,5778,247,101 CURRENT ASSETS 流動資產Inventories 存貨245,783,0715,145,962Trade and other receivables and prepayment貿易及其他應收款項及預付款項258,212,0259,629,684Derivative financial assets 衍生金融資產2721,30713,415Financial assets at FVTPL 按公允值計入損益的金融資產238,480,1865,662,808Debt instruments at amortised cost 按攤銷成本計量的債務工具22

889、52,82355,749Pledged bank deposits 已抵押銀行存款263,4386,113Short term fixed deposits 短期定期存款26234,91715,000Bank balances and cash 銀行結餘及現金262,841,7711,917,239 25,629,53822,445,970 舜宇光學科技 （集團） 有限公司 2020 年報 125AT 31 DECEMBER 2020 於二零二零年十二月三十一日Consolidated Statement of Financial Position綜合財務狀況表31/12/202031/12/

890、2019二零二零年十二月三十一日二零一九年十二月三十一日NOTESRMB000RMB000附註人民幣千元人民幣千元CURRENT LIABILITIES 流動負債Trade and other payables 貿易及其他應付款項2810,733,36411,321,586Amounts due to related parties 應付關連人士款項41(c)6,9967,498Derivative financial liabilities 衍生金融負債27101,8881,430Lease liabilities current portion 租賃負債即期部份3143,58038,140

891、Tax payable 應付稅項314,80449,881Bank borrowings 銀行借貸302,070,6111,118,572Contract liabilities 合約負債29131,19183,202Deferred income current portion 遞延收入即期部份328,69510,106 13,411,12912,630,415 NET CURRENT ASSETS 流動資產淨值12,218,4099,815,555 TOTAL ASSETS LESS CURRENT LIABILITIES 總資產減流動負債22,026,98618,062,656 NON-

892、CURRENT LIABILITIES 非流動負債Deferred tax liabilities 遞延稅項負債19888,809684,836Derivative financial liabilities 衍生金融負債274,782Lease liabilities non-current portion 租賃負債非即期部份3196,899122,466Long term payables 長期應付款項28245,636299,209Deferred income non-current portion 遞延收入非即期部份3268,85573,894Bonds payable 應付債券33

893、3,895,8884,156,074 5,200,8695,336,479 NET ASSETS 資產淨值16,826,11712,726,177 CAPITAL AND RESERVES 股本及儲備Share capital 股本34105,163105,163Reserves 儲備16,492,06112,447,724 Equity attributable to owners of the Company 本公司股東應佔權益16,597,22412,552,887Non-controlling interests 非控股權益228,893173,290 TOTAL EQUITY 權益總

894、額16,826,11712,726,177 The consolidated financial statements on pages 123 to 286 were approved and authorised for issue by the Board of Directors on 17 March 2021 and are signed on its behalf by:Mr. YE LiaoningMr. SUN Yang葉遼寧先生孫泱先生CHAIRMANDIRECTOR主席董事載於第123至第286頁之綜合財務報表經董事會於二零二一年三月十七日批准及授權刊發，並由下列董事代表

895、簽署：Sunny Optical Technology (Group) Company Limited ANNUAL REPORT 2020126Consolidated Statement of Changes in Equity綜合權益變動表FOR THE YEAR ENDED 31 DECEMBER 2020 截至二零二零年十二月三十一日止年度Attributable to owners of the Company本公司股東應佔SharecapitalSharepremiumSpecialreserveStatutorysurplusreserveDiscretionarysurplu

896、sreserveOtherreservesShares heldunder shareawardschemeShareawardschemereserveFVTOCIreserveTranslationreserveRetainedprofitsSub-TotalNon-controllinginterestsTotal股本股份溢價特別儲備法定盈餘儲備酌情盈餘儲備其他儲備根據股份獎勵計劃持有的股份股份獎勵計劃儲備按公允值計入其他全面收益列賬的儲備換算儲備保留盈利小計非控股權益總計RMB000RMB000RMB000RMB000RMB000RMB000RMB000RMB000RMB000RMB0

897、00RMB000RMB000RMB000RMB000人民幣千元人民幣千元人民幣千元人民幣千元人民幣千元人民幣千元人民幣千元人民幣千元人民幣千元人民幣千元人民幣千元人民幣千元人民幣千元人民幣千元(Note a)(Note a)(Note b)(Note c)（附註a）（附註a）（附註b）（附註c）At 1 January 2019於二零一九年一月一日105,1632,680149,80031,003916410,716(132,097)54,892(18,847)5,3978,621,5459,231,16854,0479,285,215Profit for the year 年內溢利3,991

898、,2983,991,29828,0774,019,375Other comprehensive (expense) income for the year 年內其他全面 （開支） 收益(1,967)(1,967)455(1,512)Total comprehensive (expense) income for the year 年內全面 （開支） 收益總額(1,967)3,991,2983,989,33128,5324,017,863Purchase of shares under share award scheme根據股份獎勵計劃購買股份(170,255)(170,255)(170,25

899、5)Recognition of equity-settled share-based payments 確認以權益結算股份支付的款項123,808123,808123,808Shares vested under share award scheme根據股份獎勵計劃歸屬的股份84,745(96,463)11,718Dividends paid 已付股息(2,680)(620,331)(623,011)(623,011)Dividends received under share award scheme根據股份獎勵計劃收取的股息1,8461,8461,846Dividend paid to

900、non-controlling interests (“NCI”)支付予非控股權益 （ 非控股權益 ） 的股息(490)(490)Capital contribution from NCI 非控股權益注資18,84718,847Acquisition of a subsidiary 收購一家附屬公司72,35472,354Appropriation 轉撥16,696(16,696)At 31 December 2019於二零一九年十二月三十一日105,1631,846149,80031,003916427,412(217,607)82,237(18,847)3,43011,987,53412,

901、552,887173,29012,726,177Profit for the year 年內溢利4,871,7934,871,79368,4614,940,254Other comprehensive income (expense) for the year 年內其他全面收益 （開支）18,977(41,761)(22,784)155(22,629)Total comprehensive income (expense) for the year 年內全面收益 （開支） 總額18,977(41,761)4,871,7934,849,00968,6164,917,625Purchase of

902、shares under share award scheme根據股份獎勵計劃購買股份(151,397)(151,397)(151,397)Recognition of equity-settled share-based payments 確認以權益結算股份支付的款項151,811151,811151,811Shares vested under share award scheme根據股份獎勵計劃歸屬的股份111,380(137,417)26,037Acquisition of additional interest of a subsidiary from NCI向非控股權益收購一家附屬

903、公司之額外權益(8,628)(8,628)(13,013)(21,641)Dividends paid (Note 11) 已付股息 （附註11）(1,846)(796,661)(798,507)(798,507)Dividends received under share award scheme根據股份獎勵計劃收取的股息2,0492,0492,049Appropriation 轉撥14,607(14,607)At 31 December 2020於二零二零年十二月三十一日105,163141,17231,003916442,019(257,624)96,631130(38,331)16,0

904、76,14516,597,224228,89316,826,117舜宇光學科技 （集團） 有限公司 2020 年報 127FOR THE YEAR ENDED 31 DECEMBER 2020 截至二零二零年十二月三十一日止年度Consolidated Statement of Changes in Equity綜合權益變動表Notes:(a) The statutory surplus reserve and discretionary surplus reserve are non-distributable and the transfer to these reserves is de

905、termined by the board of directors of subsidiaries established in the Peoples Republic of China (the “PRC”) in accordance with the Articles of Association of the subsidiaries. Statutory surplus reserve can be used to make up for previous years losses or convert into additional capital of the PRC sub

906、sidiaries of the Company. Discretionary surplus reserve can be used to expand the existing operations of the Companys PRC subsidiaries.(b) Other reserves represent enterprise expansion fund and reserve fund. These reserves are non-distributable and the transfer to these reserves are determined by th

907、e board of directors of the PRC subsidiaries in accordance with the Articles of Association. Other reserves can be used to make up for previous years losses or convert into additional capital of the Companys PRC subsidiaries.(c) The Group irrevocably elected to designate certain investments in equit

908、y instruments as at FVTOCI and the FVTOCI reserve is related to the gains or losses arising from the changes in fair value of the designated equity investments recognised in other comprehensive income.附註：(a) 法定盈餘儲備及酌情盈餘儲備不可用作分派，轉撥至該等儲備的款項須由於中華人民共和國（ 中國 ） 成立的附屬公司的董事會根據附屬公司的章程細則釐定。法定盈餘儲備可用於彌償上年度虧損或轉撥為

909、本公司中國附屬公司的額外資本。酌情盈餘儲備可用作擴展本公司中國附屬公司的現有業務。(b) 其他儲備指企業擴展基金及儲備金。該等儲備不可用作分派，而轉撥至該等儲備的款項須由中國附屬公司的董事會根據章程細則釐定。其他儲備可用於彌償上年度虧損或轉撥為本公司中國附屬公司的額外資本。(c) 本集團不可撤銷地選擇指定按公允值計入其他全面收益的權益工具的若干投資，而按公允值計入其他全面收益的儲備與於其他全面收益內確認的指定股權投資的公允值變動所產生的收益或虧損有關。Sunny Optical Technology (Group) Company Limited ANNUAL REPORT 2020128Co

910、nsolidated Statement of Cash Flows綜合現金流量表FOR THE YEAR ENDED 31 DECEMBER 2020 截至二零二零年十二月三十一日止年度20202019二零二零年二零一九年RMB000RMB000人民幣千元人民幣千元OPERATING ACTIVITIES 經營活動Profit before tax 除稅前溢利5,642,8844,550,340Adjustments for: 調整： Share of results of associates 分佔聯營公司業績(20)5,501 Depreciation of property, plan

911、t and equipment 物業、機器及設備折舊1,513,4071,171,430 Depreciation of right-of-use assets 使用權資產折舊54,28546,499 Depreciation of investment properties 投資物業折舊4,3914,391 Loss on changes in fair value of derivative financial instruments, net 衍生金融工具公允值變動的虧損淨額111,00217,723 Gain on fair value changes of financial ass

912、ets at FVTPL 按公允值計入損益的金融資產公允值變動的收益(55,019)(49,357) Amortisation of intangible assets 無形資產攤銷56,20255,558 Allowance for inventories 存貨撥備245,674155,488 Impairment loss under expected credit loss model, net of reversal 按預期信貸虧損模式計量的減值虧損，扣除撥回(12,218)10,899 Impairment loss of interest in associate 於聯營公司權益的

913、減值虧損62,866 Loss on disposal of property, plant and equipment 出售物業、機器及設備虧損11,15644,972 Loss on disposal of a subsidiary 出售一家附屬公司的虧損1,673 Loss on deemed disposal of interests in an associate 視作出售一間聯營公司權益而產生的虧損5,691 Expense recognised in respect of share award scheme 就股份獎勵計劃而確認的支出151,811123,808 Interes

914、t income from time deposits, short term fixed deposits and bank balances 定期存款、短期定期存款及銀行結餘利息收入(47,204)(28,058) Interest income from pledged bank deposits 已抵押銀行存款利息收入(26)(458) Interest income from debt instruments 債務工具利息收入(9,335)(10,138) Investment income from unlisted financial products at FVTPL 來自按公

915、允值計入損益的非上市金融產品的投資收入(215,042)(189,831) Finance costs 融資成本233,740250,438 Net foreign exchange (gain) loss 外匯 （收益） 虧損淨額(297,945)96,602 (Gain) loss on disposal of debt investments and fund instruments at FVTPL 出售按公允值計入損益的債務工具及基金投資 （收益） 虧損(31,224)856 Gain on lease termination 租賃終止收益(54)(732) 舜宇光學科技 （集團）

916、有限公司 2020 年報 129FOR THE YEAR ENDED 31 DECEMBER 2020 截至二零二零年十二月三十一日止年度Consolidated Statement of Cash Flows綜合現金流量表20202019二零二零年二零一九年RMB000RMB000人民幣千元人民幣千元Operating cash flows before movements in working capital營運資金變動前的經營現金流量7,358,1386,324,488Increase in inventories 存貨增加(882,783)(2,207,554)Decrease (in

917、crease) in trade and other receivables and prepayment貿易及其他應收款項及預付款項減少 （增加）1,453,392(3,389,748)Decrease in amount due from a related party 應收關連人士款項減少3,032(Decrease) increase in trade and other payables 貿易及其他應付款項 （減少） 增加(496,536)4,143,616Increase (decrease) in contract liabilities 合約負債增加 （減少）47,989(27

918、,079)(Decrease) increase in deferred income 遞延收入 （減少） 增加(6,450)2,712Decrease in amounts due to related parties 應付關連人士款項減少(502)(1,480) Cash generated from operations 經營活動所得現金7,473,2484,847,987Income taxes paid 已付所得稅款項(313,237)(186,365) NET CASH FROM OPERATING ACTIVITIES 經營活動所得現金淨額7,160,0114,661,622 I

919、NVESTING ACTIVITIES 投資活動Placement of short term fixed deposits 存放短期定期存款(958,277)(3,442,918)Placement of time deposits 存放定期存款(500,000)Withdrawal of short term fixed deposits 提取短期定期存款738,3603,447,918Purchases of property, plant and equipment 購置物業、機器及設備(2,332,864)(2,770,095)Payments for leasehold lands

920、 租賃土地付款(81,655)(30,892)Payment for intangible assets 無形資產付款(39,738)(39,120)Placement of pledged bank deposits 存放已抵押銀行存款(3,375)(9,328)Release of pledged bank deposits 解除已抵押銀行存款6,050217,923Purchases of unlisted financial products 收購非上市金融產品(59,212,284)(51,248,850)Release of unlisted financial products

921、解除非上市金融產品56,303,97950,391,750Deposits paid for acquisition of property, plant and equipment就收購物業、機器及設備已支付的按金(344,093)(302,987)Deposits paid for acquisition of land use right 就收購土地使用權已支付的按金(24,831)Purchase of debt instruments at FVTPL 收購按公允值計入損益的債務工具(77,617)Purchase of fund instruments at FVTPL 收購按公允

922、值計入損益的基金投資(619,227)Purchase of debt instruments at amortised cost 收購按攤銷成本計量的債務工具(29,262)(27,738)Purchase of equity investments at FVTPL 收購按公允值計入損益的股權投資(15,750)Purchase of equity instruments at FVTOCI 收購按公允值計入其他全面收益的權益工具(100)(5,600)Interest and investment income received 已收利息及投資收入247,968235,997Procee

923、ds from disposal of property, plant and equipment 出售物業、機器及設備所得款項62,10810,258Proceeds from disposal of debt instruments at FVTPL 出售按公允值計入損益的債務工具所得款項81,66875,719Proceeds from disposal of fund instruments at FVTPL 按攤銷成本計量的債務工具的償付款項729,226Repayment from debt instruments at amortised cost 按攤銷成本計量的債務工具的償付

924、款項54,20055,798Net cash outflow on acquisition of a subsidiary 收購一家附屬公司的現金流出淨額(5,176)Investment in an associate 於一間聯營公司之投資(1,250)(67,842)NET CASH USED IN INVESTING ACTIVITIES 投資活動所用現金淨額(5,976,183)(3,555,764)Sunny Optical Technology (Group) Company Limited ANNUAL REPORT 2020130Consolidated Statement o

925、f Cash Flows綜合現金流量表FOR THE YEAR ENDED 31 DECEMBER 2020 截至二零二零年十二月三十一日止年度20202019二零二零年二零一九年RMB000RMB000人民幣千元人民幣千元FINANCING ACTIVITIES 融資活動Interest paid 已付利息(224,439)(239,531)Dividends paid 已付股息(796,458)(621,165)Dividends paid to NCI 已付非控股權益的股息(490)New bank borrowings raised 新增銀行借貸3,810,4223,071,539Re

926、payment of bank borrowings 償還銀行借貸(2,793,677)(3,453,315)Repayments of lease liabilities 償還租賃負債(45,065)(46,988)Purchase of shares under share award scheme 根據股份獎勵計劃購買股份(151,397)(170,255)Acquisition of additional interest of a subsidiary 收購一家附屬公司之額外權益(21,641)Capital contribution from non-controlling int

927、erest of a subsidiary於一家附屬公司非控股權益獲得的注資18,847 NET CASH USED IN FINANCING ACTIVITIES融資活動所用現金淨額(222,255)(1,441,358) NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS現金及現金等值項目增加 （減少） 淨額961,573(335,500)CASH AND CASH EQUIVALENTS AT 1 JANUARY於一月一日的現金及現金等值項目1,917,2392,254,299Effect of foreign exchange ra

928、te changes 匯率變動的影響(37,041)(1,560) CASH AND CASH EQUIVALENTS AT 31 DECEMBER,於十二月三十一日的現金及現金等值項目， represented by bank balances and cash 以銀行結餘及現金呈列2,841,7711,917,239 131FOR THE YEAR ENDED 31 DECEMBER 2020截至二零二零年十二月三十一日止年度Notes to the Consolidated Financial Statements綜合財務報表附註舜宇光學科技 （集團） 有限公司 2020 年報 1311

929、. GENERAL INFORMATIONSunny Optical Technology (Group) Company Limited (the “Company”) was incorporated in the Cayman Islands on 21 September 2006 as an exempted company under the Companies Law Chapter 21 (Law 3 of 1961 as consolidated and revised) of the Cayman Islands and its shares have been liste

930、d on the Hong Kong Stock Exchange with effect from 15 June 2007. Its ultimate holding and parent company is Sun Xu Limited, a private limited company incorporated in the British Virgin Islands. Its ultimate controlling party is Mr. Wang Wenjian, also a director of the Company. The addresses of the r

931、egistered office and principal place of business of the Company are disclosed in the Corporate Information section of the annual report.The Company is an investment holding company. The Company and its subsidiaries (collectively the “Group”) are principally engaged in the business of designing, rese

932、arching and developing, manufacturing and selling of optical and optical related products and scientific instruments.The consolidated financial statements are presented in Renminbi (“RMB”), which is also the functional currency of the Company.1. 概況資料舜宇光學科技 （集團） 有限公司 （ 本公司 ）於二零零六年九月二十一日在開曼群島根據開曼群島公司法

933、第21章 （一九六一年第三條法例，經綜合及修訂） 註冊成立為獲豁免公司，其股份自二零零七年六月十五日起在香港聯交所上市，最終控股及母公司為舜旭有限公司，一間於英屬處女群島註冊成立的私人有限公司，而最終控股人士為王文鑒先生，亦為本公司董事。本公司註冊辦事處及主要營業地點的地址乃於年報公司資料一節披露。本公司為一間投資控股公司。本公司及其附屬公司 （統稱 本集團 ） 主要從事設計、研究與開發、生產及銷售光學及光學相關產品與科學儀器。綜合財務報表以人民幣 （ 人民幣 ） 呈列，人民幣亦為本公司的功能貨幣。Notes to the Consolidated Financial Statements綜合

934、財務報表附註FOR THE YEAR ENDED 31 DECEMBER 2020 截至二零二零年十二月三十一日止年度Sunny Optical Technology (Group) Company Limited ANNUAL REPORT 20201322. 應用經修訂香港財務報告準則 （ 香港財務報告準則 ）於本年度強制生效的經修訂香港財務報告準則於本年度，本集團首次採用由香港會計師公會 （ 香港會計師公會 ） 頒佈的香港財務報告準則內提述的概念框架之修訂及下列經修訂香港財務報告準則，其於二零二零年一月一日或之後開始年度期間強制生效，以編製綜合財務報表：香港會計準則第1號及香港 會計準則

935、第8號 （修訂本）重大的定義香港財務報告準則第3號 （修訂本）業務的定義香港財務報告準則第9號、 香港會計準則第39號及 香港財務報告準則第7號 （修訂本）利率基準改革於本年度應用香港財務報告準則內提述的概念框架之修訂及經修訂香港財務報告準則對本集團於目前及以往年度的財務狀況及表現及或該等綜合財務報表所載之披露並無重大影響。2. APPLICATION OF AMENDMENTS TO HONG KONG FINANCIAL REPORTING STANDARDS (“HKFRSs”)Amendments to HKFRSs that are mandatorily effective for

936、 the current yearIn the current year, the Group has applied the Amendments to References to the Conceptual Framework in HKFRS Standards and the following amendments to HKFRSs issued by the Hong Kong Institute of Certified Public Accountants (“HKICPA”) for the first time, which are mandatorily effect

937、ive for the annual period beginning on or after 1 January 2020 for the preparation of the consolidated financial statements:Amendments to HKAS 1 and HKAS 8Definition of MaterialAmendments to HKFRS 3Definition of a BusinessAmendments to HKFRS 9, HKAS 39 and HKFRS 7Interest Rate Benchmark ReformThe ap

938、plication of the Amendments to References to the Conceptual Framework in HKFRS Standards and the amendments to HKFRSs in the current year had no material impact on the Groups financial positions and performance for the current and prior years and/or on the disclosures set out in these consolidated f

939、inancial statements.133FOR THE YEAR ENDED 31 DECEMBER 2020截至二零二零年十二月三十一日止年度Notes to the Consolidated Financial Statements綜合財務報表附註舜宇光學科技 （集團） 有限公司 2020 年報 1332. 應用經修訂香港財務報告準則 （ 香港財務報告準則 ）（續）已發行但尚未生效之新訂及經修訂香港財務報告準則本集團並無提早採用以下已頒佈但尚未生效的新訂及經修訂香港財務報告準則：香港財務報告準則 第17號保險合同及相關 修訂本1香港財務報告準則 第16號 （修訂本）2019冠狀病毒病

940、 相關之租金寬減4香港財務報告準則 第3號 （修訂本）概念框架之提述2香港財務報告準則第9號、 香港會計準則第39號、 香港財務報告準則第7號、 香港財務報告準則第4號 及香港財務報告準則 第16號 （修訂本）利率基準改革第2階段5香港財務報告準則第10號 及香港會計準則第28號 （修訂本）投資者及其聯營 公司或合資企業 出售或注入資產3香港會計準則第1號 （修訂本）負債分類為流動 或非流動及香港 詮釋第5號 （二零二零年） 之相關修訂本1香港會計準則第16號 （修訂本）物業、機器及設備 擬定用途 前之所得款項2香港會計準則第37號 （修訂本）虧損性合約履行 合約之成本2香港財務報告準則 （修

941、訂本）香港財務報告準則 二零一八年至 二零二零年之年 度改進22. APPLICATION OF AMENDMENTS TO HONG KONG FINANCIAL REPORTING STANDARDS (“HKFRSs”) (Continued)New and amendments to HKFRSs in issue but not yet effectThe Group has not early applied the following new and amendments to HKFRSs that have been issued but are not yet effect

942、ive:HKFRS 17Insurance Contracts and the related Amendments 1Amendment to HKFRS 16Covid-19-Related Rent Concessions 4Amendments to HKFRS 3Reference to the Conceptual Framework 2Amendments to HKFRS 9 HKAS 39, HKFRS 7 HKFRS 4 and HKFRS 16Interest Rate Benchmark Reform Phase 2 5Amendments to HKFRS 10 an

943、d HKAS 28Sale or Contribution of Assets between an Investor and its Associate or Joint Venture 3Amendments to HKAS 1Classification of Liabilities as Current or Non-current and related amendments to Hong Kong Interpretation 5 (2020) 1Amendments to HKAS 16Property, Plant and Equipment Proceeds before

944、Intended Use 2Amendments to HKAS 37Onerous Contracts Cost of Fulfilling a Contract 2Amendments to HKFRSsAnnual Improvements to HKFRSs 2018-2020 2Notes to the Consolidated Financial Statements綜合財務報表附註FOR THE YEAR ENDED 31 DECEMBER 2020 截至二零二零年十二月三十一日止年度Sunny Optical Technology (Group) Company Limited

945、 ANNUAL REPORT 20201342. 應用經修訂香港財務報告準則 （ 香港財務報告準則 ）（續）已發行但尚未生效之新訂及經修訂香港財務報告準則 （續）1 於二零二三年一月一日或之後開始之年度期間生效。2 於二零二二年一月一日或之後開始之年度期間生效。3 於一個待定日期或之後開始之年度期間生效。4 於二零二零年六月一日或之後開始之年度期間生效。5 於二零二一年一月一日或之後開始之年度期間生效。本公司董事預期應用所有新訂及經修訂香港財務報告準則於可預見的未來將不會對綜合財務報表產生重大影響。3. 綜合財務報表之編製基準及重要會計政策3.1 綜合財務報表之編製基準綜合財務報表乃根據香港會

946、計師公會頒佈之香港財務報告準則編製。此外，綜合財務報表載有香港聯合交易所有限公司證券上市規則 （ 上市規則 ） 及香港公司條例規定之適用披露資料。2. APPLICATION OF AMENDMENTS TO HONG KONG FINANCIAL REPORTING STANDARDS (“HKFRSs”) (Continued)New and amendments to HKFRSs in issue but not yet effect (Continued)1 Effective for annual periods beginning on or after 1 January 20

947、23.2 Effective for annual periods beginning on or after 1 January 2022.3 Effective for annual periods beginning on or after a date to be determined.4 Effective for annual periods beginning on or after 1 June 2020.5 Effective for annual periods beginning on or after 1 January 2021.The directors of th

948、e Company anticipate that the application of all the new and amendments to HKFRSs will have no material impact on the consolidated financial statements in the foreseeable future.3. BASIS OF PREPARATION OF CONSOLIDATED FINANCIAL STATEMENTS AND SIGNIFICANT ACCOUNTING POLICIES3.1 Basis of preparation o

949、f consolidated financial statementsThe consolidated financial statements have been prepared in accordance with HKFRSs issued by the HKICPA. In addition, the consolidated financial statements include applicable disclosures required by the Rules Governing the Listing of Securities on The Stock Exchang

950、e of Hong Kong Limited (“Listing Rules”) and by the Hong Kong Companies Ordinance.135FOR THE YEAR ENDED 31 DECEMBER 2020截至二零二零年十二月三十一日止年度Notes to the Consolidated Financial Statements綜合財務報表附註舜宇光學科技 （集團） 有限公司 2020 年報 1353. 綜合財務報表之編製基準及重要會計政策 （續）3.1 綜合財務報表之編製基準 （續）綜合財務報表乃按歷史成本基準編製，惟下文會計政策所解釋在各報告期末按公允值

951、計量的若干金融工具除外。歷史成本一般按交換商品及服務之代價之公允值計算。公允值為市場參與者於計量日期在有序交易中出售資產所收取的價格或轉讓負債所支付的價格，不論該價格是否可直接觀察到或採用其他估值技巧估計。於估計資產或負債的公允值時，倘市場參與者可能考慮資產或負債的特色，則本集團將於計量日期為資產或負債定價時考慮有關特色。於綜合財務報表內計量及或披露的公允值按此基準釐定，惟香港財務報告準則第2號以股份為基礎之付款範圍內之以股份支付的交易、根據香港財務報告準則第16號列作租賃交易以及與公允值相似但並非公允值之計量 （如香港會計準則第2號存貨之可變現淨值或香港會計準則第36號資產減值之使用價值）

952、除外。3. BASIS OF PREPARATION OF CONSOLIDATED FINANCIAL STATEMENTS AND SIGNIFICANT ACCOUNTING POLICIES (Continued)3.1 Basis of preparation of consolidated financial statements (Continued)The consolidated financial statements have been prepared on the historical cost basis except for certain financial i

953、nstruments that are measured at fair values at the end of each reporting period, as explained in the accounting policies set out below.Historical cost is generally based on the fair value of the consideration given in exchange for goods and services.Fair value is the price that would be received to

954、sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date, regardless of whether that price is directly observable or estimated using another valuation technique. In estimating the fair value of an asset or a liability, the Group take

955、s into account the characteristics of the asset or liability if market participants would take those characteristics into account when pricing the asset or liability at the measurement date. Fair value for measurement and/or disclosure purposes in these consolidated financial statements is determine

956、d on such a basis, except for share-based payment transactions that are within the scope of HKFRS 2 Share-based Payment, leasing transactions that are accounted for in accordance with HKFRS 16, and measurements that have some similarities to fair value but are not fair value, such as net realisable

957、value in HKAS 2 Inventories or value in use in HKAS 36 Impairment of Assets.Notes to the Consolidated Financial Statements綜合財務報表附註FOR THE YEAR ENDED 31 DECEMBER 2020 截至二零二零年十二月三十一日止年度Sunny Optical Technology (Group) Company Limited ANNUAL REPORT 20201363. 綜合財務報表之編製基準及重要會計政策 （續）3.1 綜合財務報表之編製基準 （續）按公允

958、值交易之金融工具，凡於其後期間應用以不可觀察輸入數據計量公允價值之估值方法，估值方法應予校正，以致於首次確認時估值方法之結果相等於交易價格。此外，就財務報告目的而言，根據可觀察公允值計量的輸入數據及公允值計量的輸入數據對其整體的重要性程度，公允值計量分為第一級、第二級或第三級，於下文有所說明： 第一級輸入數據乃實體於計量日期可得出之自相同資產或負債於活躍市場中所報的未調整價格； 第二級輸入數據乃資產或負債的直接或間接可觀察輸入數據，惟第一級所含報價除外；及 第三級輸入數據乃自資產或負債的不可觀察輸入數據。3. BASIS OF PREPARATION OF CONSOLIDATED FINAN

959、CIAL STATEMENTS AND SIGNIFICANT ACCOUNTING POLICIES (Continued)3.1 Basis of preparation of consolidated financial statements (Continued)For financial instruments which are transacted at fair value and a valuation technique that unobservable inputs is to be used to measure fair value in subsequent pe

960、riods, the valuation technique is calibrated so that at initial recognition the results of the valuation technique equals the transaction price.In addition, for financial reporting purposes, fair value measurements are categorised into Level 1, 2 or 3 based on the degree to which the inputs to the f

961、air value measurements are observable and the significance of the inputs to the fair value measurement in its entirety, which are described as follows: Level 1 inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities that the entity can access at the measurement da

962、te; Level 2 inputs are inputs, other than quoted prices included within Level 1, that are observable for the asset or liability, either directly or indirectly; and Level 3 inputs are unobservable inputs for the asset or liability.137FOR THE YEAR ENDED 31 DECEMBER 2020截至二零二零年十二月三十一日止年度Notes to the Co

963、nsolidated Financial Statements綜合財務報表附註舜宇光學科技 （集團） 有限公司 2020 年報 1373. BASIS OF PREPARATION OF CONSOLIDATED FINANCIAL STATEMENTS AND SIGNIFICANT ACCOUNTING POLICIES (Continued)3.2 Significant accounting policiesBasis of consolidationThe consolidated financial statements incorporate the financial stat

964、ements of the Company and entities controlled by the Company and its subsidiaries. Control is achieved when the Company: has power over the investee; is exposed, or has rights, to variable returns from its involvement with the investee; and has the ability to use its power to affect its returns.The

965、Group reassesses whether or not it controls an investee if facts and circumstances indicate that there are changes to one or more of the three elements of control listed above.Consolidation of a subsidiary begins when the Group obtains control over the subsidiary and ceases when the Group loses cont

966、rol of the subsidiary. Specifically, income and expenses of a subsidiary acquired or disposed of during the year are included in the consolidated statement of profit or loss and other comprehensive income from the date the Group gains control until the date when the Group ceases to control the subsi

967、diary.Profit or loss and each item of other comprehensive income are attributed to the owners of the Company and to the non-controlling interests. Total comprehensive income of subsidiaries is attributed to the owners of the Company and to the non-controlling interests even if this results in the no

968、n-controlling interests having a deficit balance.3. 綜合財務報表之編製基準及重要會計政策 （續）3.2 重要會計政策綜合基準綜合財務報表包括本公司、本公司所控制實體及其附屬公司的財務報表。當本公司擁有以下權力時，則視為擁有投資對象的控制權： 於投資對象擁有權力； 因參與投資對象業務而可能或有權獲得可變回報；及 有能力行使其權力影響該等回報。倘有事實及情況顯示上述三個控制因素中之一項或多項出現變化，本集團將重新評估其是否對投資對象擁有控制權。本集團獲得附屬公司控制權時即對其綜合入賬，而當本集團失去附屬公司控制權時，即不再對其綜合入賬。具體而言，

969、自本集團獲得附屬公司控制權之日計起，直至本集團不再擁有附屬公司控制權之日止，本年度收購或出售附屬公司之收入及開支將列入綜合損益及其他全面收益表內。溢利或虧損及其他全面收益各項均歸屬於本公司股東及非控股權益。附屬公司的全面收益總額歸屬於本公司股東及非控股權益，即使此舉會導致非控股權益產生赤字差額。Notes to the Consolidated Financial Statements綜合財務報表附註FOR THE YEAR ENDED 31 DECEMBER 2020 截至二零二零年十二月三十一日止年度Sunny Optical Technology (Group) Company Limi

970、ted ANNUAL REPORT 20201383. 綜合財務報表之編製基準及重要會計政策 （續）3.2 重要會計政策 （續）綜合基準 （續）附屬公司之財務報表會於需要的情況下作出調整，以使其會計政策與本集團的會計政策一致。本集團內公司間之所有資產及負債、權益、收入、開支及有關本集團成員公司間交易之現金流量均於綜合賬目時全面抵銷。附屬公司非控股權益與本集團於其中的權益分開呈列，其代表現時所有者權益且於清盤時賦予其持有人按比例分佔相關附屬公司資產淨值之非控股權益。本集團於現有附屬公司權益之變動本集團於附屬公司的權益之變動並不導致本集團失去對附屬公司的控制權，並以權益交易入賬。本集團之權益及非控

971、股權益相關組成部份之賬面值均予以調整，以反映彼等於附屬公司相關權益之變動，包括根據本集團與非控股權益的權益比例重新歸屬本集團與非控股權益間的有關儲備。經調整之非控股權益金額與已支付或已收取代價之公允值間之任何差額乃直接於權益確認，並歸屬於本公司股東。3. BASIS OF PREPARATION OF CONSOLIDATED FINANCIAL STATEMENTS AND SIGNIFICANT ACCOUNTING POLICIES (Continued)3.2 Significant accounting policies (Continued)Basis of consolidati

972、on (Continued)When necessary, adjustments are made to the financial statements of subsidiaries to bring their accounting policies in line with the Groups accounting policies.All intragroup assets and liabilities, equity, income, expenses and cash flows relating to transactions between members of the

973、 Group are eliminated in full on consolidation.Non-controlling interests in subsidiaries are presented separately from the Groups equity therein, which represent present ownership interests entitling their holders to a proportionate share of net assets of the relevant subsidiaries upon liquidation.C

974、hanges in the Groups interests in existing subsidiariesChanges in the Groups interests in subsidiaries that do not result in the Group losing control over the subsidiaries are accounted for as equity transactions. The carrying amounts of the Groups relevant components of equity and the non-controlli

975、ng interests are adjusted to reflect the changes in their relative interests in the subsidiaries, including re-attribution of relevant reserves between the Group and the non-controlling interests according to the Groups and the non-controlling interests proportionate interests.Any difference between

976、 the amount by which the non-controlling interests are adjusted, and the fair value of the consideration paid or received is recognised directly in equity and attributed to owners of the Company.139FOR THE YEAR ENDED 31 DECEMBER 2020截至二零二零年十二月三十一日止年度Notes to the Consolidated Financial Statements綜合財務

977、報表附註舜宇光學科技 （集團） 有限公司 2020 年報 1393. 綜合財務報表之編製基準及重要會計政策 （續）3.2 重要會計政策 （續）綜合基準 （續）本集團於現有附屬公司權益之變動（續）倘本集團失去對一家附屬公司之控制權，即終止確認該附屬公司的資產與負債及非控股權益 （如有） 。收益或虧損於損益內確認，並計量：(i)所收取代價之公允值及任何保留權益的公允值總和與(ii)資產 （包括商譽） 之賬面值及歸屬於本公司股東的附屬公司之負債之間的差額。早前於其他全面收益確認之有關附屬公司的全部金額將會以猶如本集團已直接出售附屬公司相關資產或負債之方式入賬 （即如適用香港財務報告準則所指定許可，重

978、新分類至損益或轉撥至另一類別權益） 。於失去控制權當日仍保留於前附屬公司之任何投資公允值，則根據香港財務報告準則第9號或被視為其後入賬時初步確認之公允值或 （如適用） 於聯營公司或合資企業投資的初步確認成本。業務合併收購業務採用收購法入賬。業務合併之轉撥代價按公允值計量，而計算方法為本集團所轉讓之資產、本集團對所收購方原擁有人產生之負債及本集團於交換所收購方之控制權發行之股權於收購日期之公允值總額。有關收購之成本一般於產生時於損益中確認。3. BASIS OF PREPARATION OF CONSOLIDATED FINANCIAL STATEMENTS AND SIGNIFICANT AC

979、COUNTING POLICIES (Continued)3.2 Significant accounting policies (Continued)Basis of consolidation (Continued)Changes in the Groups interests in existing subsidiaries (Continued)When the Group loses control of a subsidiary, the assets and liabilities of that subsidiary and non-controlling interests

980、(if any) are derecognised. A gain or loss is recognised in profit or loss and is calculated as the difference between (i) the aggregate of the fair value of the consideration received and the fair value of any retained interest and (ii) the carrying amount of the assets (including goodwill), and lia

981、bilities of the subsidiary attributable to the owners of the Company. All amounts previously recognised in other comprehensive income in relation to that subsidiary are accounted for as if the Group had directly disposed of the related assets or liabilities of the subsidiary (i.e. reclassified to pr

982、ofit or loss or transferred to another category of equity as specified/permitted by applicable HKFRSs). The fair value of any investment retained in the former subsidiary at the date when control is lost is regarded as the fair value on initial recognition for subsequent accounting under HKFRS 9 or,

983、 when applicable, the cost on initial recognition of an investment in an associate or a joint venture.Business combinationsAcquisitions of businesses are accounted for using the acquisition method. The consideration transferred in a business combination is measured at fair value, which is calculated

984、 as the sum of the acquisition-date fair values of the assets transferred by the Group, liabilities incurred by the Group to the former owners of the acquiree and the equity interests issued by the Group in exchange for control of the acquiree. Acquisition-related costs are generally recognised in p

985、rofit or loss as incurred.Notes to the Consolidated Financial Statements綜合財務報表附註FOR THE YEAR ENDED 31 DECEMBER 2020 截至二零二零年十二月三十一日止年度Sunny Optical Technology (Group) Company Limited ANNUAL REPORT 20201403. 綜合財務報表之編製基準及重要會計政策 （續）3.2 重要會計政策 （續）業務合併 （續）除若干確認豁免外，所收購之可識別資產及所承擔之負債必須符合編製及呈列財務報表之框架 （於二零一零年十

986、月被財務報告概念框架所取代） 下資產及負債之定義。於收購日期，所收購之可識別資產及承擔之負債乃按彼等之公允值確認，惟以下情況除外： 遞延稅項資產或負債及僱員福利安排相關資產或負債分別按香港會計準則第12號所得稅及香港會計準則第19號僱員福利確認及計量； 與所收購方以股份為基礎付款安排有關或與本集團訂立之以股份為基礎付款安排以取代所收購方以股份為基礎付款安排有關之負債或權益工具，乃於收購日期按香港財務報告準則第2號以股份為基礎之付款計量 （見下文會計政策） ； 根據香港財務報告準則第5號待售非流動資產及已終止業務分類為待售資產 （或出售組別） 按該準則計量；及3. BASIS OF PREPAR

987、ATION OF CONSOLIDATED FINANCIAL STATEMENTS AND SIGNIFICANT ACCOUNTING POLICIES (Continued)3.2 Significant accounting policies (Continued)Business combinations (Continued)Except for certain recognition exemptions, the identifiable assets acquired and liabilities assumed must meet the definitions of a

988、n asset and a liability in the Framework for the Preparation and Presentation of Financial Statements (replaced by the Conceptual Framework for Financial Reporting issued in October 2010).At the acquisition date, the identifiable assets acquired and the liabilities assumed are recognised at their fa

989、ir value, except that: deferred tax assets or liabilities, and assets or liabilities related to employee benefit arrangements are recognised and measured in accordance with HKAS 12 Income Taxes and HKAS 19 Employee Benefits respectively; liabilities or equity instruments related to share-based payme

990、nt arrangements of the acquiree or share-based payment arrangements of the Group entered into to replace share-based payment arrangements of the acquiree are measured in accordance with HKFRS 2 Share-based Payment at the acquisition date (see the accounting policy below); assets (or disposal groups)

991、 that are classified as held for sale in accordance with HKFRS 5 Non-current Assets Held for Sale and Discontinued Operations are measured in accordance with that standard; and141FOR THE YEAR ENDED 31 DECEMBER 2020截至二零二零年十二月三十一日止年度Notes to the Consolidated Financial Statements綜合財務報表附註舜宇光學科技 （集團） 有限公

992、司 2020 年報 1413. BASIS OF PREPARATION OF CONSOLIDATED FINANCIAL STATEMENTS AND SIGNIFICANT ACCOUNTING POLICIES (Continued)3.2 Significant accounting policies (Continued)Business combinations (Continued) lease liabilities are recognised and measured at the present value of the remaining lease payments

993、 (as defined in HKFRS 16) as if the acquired leases were new leases at the acquisition date, except for leases for which (a) the lease term ends within 12 months of the acquisition date; or (b) the underlying asset is of low value. Right-of-use assets are recognised and measured at the same amount a

994、s the relevant lease liabilities, adjusted to reflect favourable or unfavourable terms of the lease when compared with market terms.Goodwill is measured as the excess of the sum of the consideration transferred, the amount of any non-controlling interests in the acquiree, and the fair value of the a

995、cquirers previously held equity interest in the acquiree (if any) over the net amount of the identifiable assets acquired and the liabilities assumed as at acquisition date. If, after re-assessment, the net amount of the identifiable assets acquired and liabilities assumed exceeds the sum of the con

996、sideration transferred, the amount of any non-controlling interests in the acquiree and the fair value of the acquirers previously held interest in the acquiree (if any), the excess is recognised immediately in profit or loss as a bargain purchase gain.Non-controlling interests that are present owne

997、rship interests and entitle their holders to a proportionate share of the relevant subsidiarys net assets in the event of liquidation are initially measured at the non-controlling interests proportionate share of the recognised amounts of the acquirees identifiable net assets or at fair value.3. 綜合財

998、務報表之編製基準及重要會計政策 （續）3.2 重要會計政策 （續）業務合併 （續） 租賃負債按剩餘租賃付款 （定義見香港財務報告準則第16號） 的現值確認及計量，猶如收購的租賃於收購日為新租賃，惟(a)租賃期限於收購日期12個月內結束；或(b)相關資產為低價值的租賃除外。使用權資產按與相關租賃負債相同的金額確認及計量，並進行調整以反映與市場條件相比租賃的有利或不利條款。商譽是以所轉讓之代價、於所收購方中非控股權益所佔金額及收購方以往持有之所收購方股權之公允值 （如有）之總和，扣除於收購日期可供識別資產之收購及於收購日期承擔的負債之淨值後，所超出之差額計量。倘重新評估後，所收購之可識別資產與所承

999、擔的負債之淨額高於轉讓之代價、於所收購方中非控股權益所佔金額以及收購方以往持有之所收購方股權之公允值 （如有） 之總和，則差額即時於損益內確認為議價購買收益。屬現時擁有之權益且於清盤時讓持有人有權按比例分佔相關附屬公司淨資產之非控股權益，可初步按非控股權益應佔被收購方可識別資產淨值的已確認金額比例或公允值計量。Notes to the Consolidated Financial Statements綜合財務報表附註FOR THE YEAR ENDED 31 DECEMBER 2020 截至二零二零年十二月三十一日止年度Sunny Optical Technology (Group) Comp

1000、any Limited ANNUAL REPORT 20201423. 綜合財務報表之編製基準及重要會計政策 （續）3.2 重要會計政策 （續）業務合併 （續）倘業務合併分階段完成，本集團先前於被收購方持有之股權重新計量至收購日期 （即本集團獲得控制權當日） 之公允值，而所產生之收益或虧損 （如有） 於損益賬或其他綜合收益 （倘適用）中確認。過往於收購日期前於其他全面收益確認並根據香港財務報告準則第9號計量之被收購方權益所產生數額將按與本集團直接處置過往所持股權所需的相同基準入賬。商譽收購業務產生之商譽按於收購業務當日確定之成本 （見上文會計政策） 減任何累計減值虧損 （如有） 列賬。為進行減

1001、值測試，商譽乃分配至預期將從合併所帶來的協同效益中受惠的本集團各個現金產生單位 （或現金產生單位組合） ，而該單位或單位組合指就內部管理目的監控商譽的最低水平且不超過經營分類。3. BASIS OF PREPARATION OF CONSOLIDATED FINANCIAL STATEMENTS AND SIGNIFICANT ACCOUNTING POLICIES (Continued)3.2 Significant accounting policies (Continued)Business combinations (Continued)When a business combinat

1002、ion is achieved in stages, the Groups previously held equity interest in the acquiree is remeasured to fair value at the acquisition date (i.e. the date when the Group obtains control), and the resulting gain or loss, if any, is recognised in profit or loss or other comprehensive income, as appropri

1003、ate. Amounts arising from interests in the acquiree prior to the acquisition date that have previously been recognised in other comprehensive income and measured under HKFRS 9 would be accounted for on the same basis as would be required if the Group had disposed directly of the previously held equi

1004、ty interest.GoodwillGoodwill arising on an acquisition of a business is carried at cost as established at the date of acquisition of the business (see the accounting policy above) less accumulated impairment losses, if any.For the purposes of impairment testing, goodwill is allocated to each of the

1005、Groups cash-generating units (or group of cash-generating units) that is expected to benefit from the synergies of the combination, which represent the lowest level at which the goodwill is monitored for internal management purposes and not larger than an operating segment.143FOR THE YEAR ENDED 31 D

1006、ECEMBER 2020截至二零二零年十二月三十一日止年度Notes to the Consolidated Financial Statements綜合財務報表附註舜宇光學科技 （集團） 有限公司 2020 年報 1433. 綜合財務報表之編製基準及重要會計政策 （續）3.2 重要會計政策 （續）商譽 （續）獲得商譽分配的現金產生單位 （或現金產生單位組合） 每年進行減值測試及每當有跡象顯示該單位可能出現減值時更為頻繁地進行減值測試。就於某一報告期間收購產生的商譽而言，獲得商譽分配的現金產生單位 （或現金產生單位組合） 於該報告期間結束前進行減值測試。倘可收回金額低於該單位的賬面值，則首先分

1007、配減值虧損以減低任何商譽的賬面值，然後按該單位 （或現金產生單位組合） 內各項資產的賬面值所佔比例分配至其他資產。於出售相關現金產生單位或一組現金產生單位內的任何現金產生單位，商譽的應佔金額計入釐定出售損益之金額。當本集團出售現金產生單位 （或一組現金產生單位中的現金產生單位） 內的業務時，所出售商譽金額按所出售業務 （或現金產生單位） 與所保留現金單位 （或一組現金產生單位） 部份的相對價值計量。本集團就收購一間聯營公司產生之商譽政策載於下文。3. BASIS OF PREPARATION OF CONSOLIDATED FINANCIAL STATEMENTS AND SIGNIFICAN

1008、T ACCOUNTING POLICIES (Continued)3.2 Significant accounting policies (Continued)Goodwill (Continued)A cash-generating unit (or group of cash-generating units) to which goodwill has been allocated is tested for impairment annually or more frequently when there is indication that the unit may be impai

1009、red. For goodwill arising on an acquisition in a reporting period, the cash-generating unit (or group of cash-generating units) to which goodwill has been allocated is tested for impairment before the end of that reporting period. If the recoverable amount is less than its carrying amount, the impai

1010、rment loss is allocated first to reduce the carrying amount of any goodwill and then to the other assets on a pro-rata basis based on the carrying amount of each asset in the unit (or group of cash-generating units).On disposal of the relevant cash-generating unit or any of the cash-generating unit

1011、within the group of cash-generating units, the attributable amount of goodwill is included in the determination of the amount of profit or loss on disposal. When the Group disposes of an operation within the cash-generating unit (or a cash-generating unit within a group of cash-generating units), th

1012、e amount of goodwill disposed of is measured on the basis of the relative values of the operation (or the cash-generating unit) disposed of and the portion of the cash-generating unit (or the group of cash-generating units) retained.The Groups policy for goodwill arising on the acquisition of an ass

1013、ociate is described below.Notes to the Consolidated Financial Statements綜合財務報表附註FOR THE YEAR ENDED 31 DECEMBER 2020 截至二零二零年十二月三十一日止年度Sunny Optical Technology (Group) Company Limited ANNUAL REPORT 20201443. 綜合財務報表之編製基準及重要會計政策 （續）3.2 重要會計政策 （續）於聯營公司之投資聯營公司乃本集團對其具有重大影響力之實體。重大影響力指參與投資對象財務及營運決策之權力，而並非對該等

1014、政策之控制權或共同控制權。聯營公司之業績、資產及負債使用權益會計法計入本綜合財務報表。以權益會計法處理之聯營公司財務報表乃按與本集團就於類似情況下之交易及事件所採用者相同之會計政策編製。根據權益法，於聯營公司之投資最初乃按成本值於綜合財務狀況表確認，並於隨後就確認本集團應佔該聯營公司之損益及其他全面收益而作出調整。損益及其他綜合收益外的聯營公司資產淨值的變動將不會入賬，除非有關變動導致本集團持有的所有權權益發生變更。如本集團應佔聯營公司之虧損超過本集團於聯營公司之權益（包括實質上構成本集團於聯營公司淨投資之任何長期權益） ，則本集團會終止確認其應佔之進一步虧損。如本集團已產生法定或推定責任或代

1015、表聯營公司支付款項，則就額外虧損作出確認。3. BASIS OF PREPARATION OF CONSOLIDATED FINANCIAL STATEMENTS AND SIGNIFICANT ACCOUNTING POLICIES (Continued)3.2 Significant accounting policies (Continued)Investments in associatesAn associate is an entity over which the Group has significant influence. Significant influence is

1016、the power to participate in the financial and operating policy decisions of the investee but is not control or joint control over those policies.The results and assets and liabilities of associates are incorporated in these consolidated financial statements using the equity method of accounting. The

1017、 financial statements of associates used for equity accounting purposes are prepared using uniform accounting policies as those of the Group for like transactions and events in similar circumstances. Under the equity method, an investment in an associate is initially recognised in the consolidated s

1018、tatement of financial position at cost and adjusted thereafter to recognise the Groups share of the profit or loss and other comprehensive income of the associate. Changes in net assets of the associate other than profit or loss and other comprehensive income are not accounted for unless such change

1019、s resulted in changes in ownership interest held by the Group. When the Groups share of losses of an associate exceeds the Groups interest in that associate (which includes any long-term interests that, in substance, form part of the Groups net investment in the associate), the Group discontinues re

1020、cognising its share of further losses. Additional losses are recognised only to the extent that the Group has incurred legal or constructive obligations or made payments on behalf of the associate.145FOR THE YEAR ENDED 31 DECEMBER 2020截至二零二零年十二月三十一日止年度Notes to the Consolidated Financial Statements綜合

1021、財務報表附註舜宇光學科技 （集團） 有限公司 2020 年報 1453. 綜合財務報表之編製基準及重要會計政策 （續）3.2 重要會計政策 （續）於聯營公司之投資 （續）於聯營公司的投資乃自投資對象成為聯營公司當日起按權益法入賬。收購於聯營公司之投資時，投資成本超出本集團應佔被投資方可識別資產及負債之公允值淨額之差額會確認為商譽，計入投資之賬面值內。倘於重新評估後本集團應佔可識別資產及負債公允值淨額超逾投資成本，則即時於收購投資期間在損益中確認。本集團評估有否客觀證據顯示聯營公司權益可能減值。如客觀證據存在，則將投資的全部賬面值 （包括商譽） 作為單一資產根據香港會計準則第36號透過比較其可收

1022、回金額 （使用價值與公允值減出售成本之較高者） 與賬面值測試有否減值。任何確認之減值虧損不會分配至任何資產 （包括商譽） ，其屬投資賬面值的一部份。倘其後投資的可收回金額增加，則根據香港會計準則第36號確認該減值虧損的撥回。3. BASIS OF PREPARATION OF CONSOLIDATED FINANCIAL STATEMENTS AND SIGNIFICANT ACCOUNTING POLICIES (Continued)3.2 Significant accounting policies (Continued)Investments in associates (Contin

1023、ued)An investment in an associate is accounted for using the equity method from the date on which the investee becomes an associate. On acquisition of the investment in an associate, any excess of the cost of the investment over the Groups share of the net fair value of the identifiable assets and l

1024、iabilities of the investee is recognised as goodwill, which is included within the carrying amount of the investment. Any excess of the Groups share of the net fair value of the identifiable assets and liabilities over the cost of the investment, after reassessment, is recognised immediately in prof

1025、it or loss in the period in which the investment is acquired.The Group assesses whether there is an objective evidence that the interest in an associate may be impaired. When any objective evidence exists, the entire carrying amount of the investment (including goodwill) is tested for impairment in

1026、accordance with HKAS 36 as a single asset by comparing its recoverable amount (higher of value in use and fair value less costs of disposal) with its carrying amount. Any impairment loss recognised is not allocated to any asset, including goodwill, that forms part of the carrying amount of the inves

1027、tment. Any reversal of that impairment loss is recognised in accordance with HKAS 36 to the extent that the recoverable amount of the investment subsequently increases.Notes to the Consolidated Financial Statements綜合財務報表附註FOR THE YEAR ENDED 31 DECEMBER 2020 截至二零二零年十二月三十一日止年度Sunny Optical Technology

1028、(Group) Company Limited ANNUAL REPORT 20201463. 綜合財務報表之編製基準及重要會計政策 （續）3.2 重要會計政策 （續）於聯營公司之投資 （續）倘本集團對聯營公司失去重大影響力，其入賬列作出售被投資方的全部權益，所產生的損益於損益確認。當本集團保留於前聯營公司之權益，且保留權益為香港財務報告準則第9號所界定的金融資產時，本集團於當日按公允值計量保留權益，而公允值則被視為首次確認時之公允值。聯營公司賬面值與任何保留權益之公允值及出售聯營公司相關權益所得任何所得款項之間的差額，乃計入釐定出售聯營公司之損益。此外，本集團將先前在其他全面收益就該聯營公司

1029、確認之所有金額入賬，基準與倘該聯營公司直接出售相關資產或負債的基準相同。因此，倘該聯營公司先前已確認其他全面收益之損益，則會於出售相關資產或負債時重新分類至損益，當有關聯營公司出售部份出售後，本集團將收益或虧損由權益重新分類至損益（作為重新分類調整） 。當於聯營公司的投資變成於合資企業的投資時，本集團繼續使用權益法。在該等所有者權益變動後，並無對公允值的重新計量。3. BASIS OF PREPARATION OF CONSOLIDATED FINANCIAL STATEMENTS AND SIGNIFICANT ACCOUNTING POLICIES (Continued)3.2 Signi

1030、ficant accounting policies (Continued)Investments in associates (Continued)When the Group ceases to have significant influence over an associate, it is accounted for as a disposal of the entire interest in the investee with a resulting gain or loss being recognised in profit or loss. When the Group

1031、retains an interest in the former associate and the retained interest is a financial asset within the scope of HKFRS 9, the Group measures the retained interest at fair value at that date and the fair value is regarded as its fair value on initial recognition. The difference between the carrying amo

1032、unt of the associate and the fair value of any retained interest and any proceeds from disposing the relevant interest in the associate is included in the determination of the gain or loss on disposal of the associate. In addition, the Group accounts for all amounts previously recognised in other co

1033、mprehensive income in relation to that associate on the same basis as would be required if that associate had directly disposed of the related assets or liabilities. Therefore, if a gain or loss previously recognised in other comprehensive income by that associate or would be reclassified to profit

1034、or loss on the disposal of the related assets or liabilities, the Group reclassifies the gain or loss from equity to profit or loss (as a reclassification adjustment) upon disposal/partial disposal of the relevant associate.The Group continues to use the equity method when an investment in an associ

1035、ate becomes an investment in a joint venture. There is no remeasurement to fair value upon such changes in ownership interests.147FOR THE YEAR ENDED 31 DECEMBER 2020截至二零二零年十二月三十一日止年度Notes to the Consolidated Financial Statements綜合財務報表附註舜宇光學科技 （集團） 有限公司 2020 年報 1473. BASIS OF PREPARATION OF CONSOLIDA

1036、TED FINANCIAL STATEMENTS AND SIGNIFICANT ACCOUNTING POLICIES (Continued)3.2 Significant accounting policies (Continued)Investments in associates (Continued)When the Group reduces its ownership interest in an associate but the Group continues to use the equity method, the Group reclassifies to profit

1037、 or loss the proportion of the gain or loss that had previously been recognised in other comprehensive income relating to that reduction in ownership interest if that gain or loss would be reclassified to profit or loss on the disposal of the related assets or liabilities.When a group entity transac

1038、ts with an associate of the Group, profits and losses resulting from the transactions with the associate are recognised in the Groups consolidated financial statements only to the extent of interests in the associate that are not related to the Group.Revenue from contracts with customersThe Group re

1039、cognises revenue when (or as) a performance obligation is satisfied, i.e. when “control” of the goods or services underlying the particular performance obligation is transferred to the customer.A performance obligation represents a good or service (or a bundle of goods or services) that is distinct

1040、or a series of distinct goods or services that are substantially the same.Control is transferred over time and revenue is recognised over time by reference to the progress towards complete satisfaction of the relevant performance obligation if one of the following criteria is met: the customer simul

1041、taneously receives and consumes the benefits provided by the Groups performance as the Group performs;3. 綜合財務報表之編製基準及重要會計政策 （續）3.2 重要會計政策 （續）於聯營公司之投資 （續）當本集團削減於聯營公司之所有權權益但繼續使用權益法時，倘以往於其他全面收益確認有關削減所有權權益之盈虧部份將於出售相關資產或負債時重新分類至損益，則本集團會將該盈虧重新分類至損益。倘一間集團實體與本集團聯營公司交易，與該聯營公司交易所產生之損益僅在有關聯營公司之權益與本集團無關的情況下，方會在

1042、本集團綜合財務報表確認。客戶合約收入當 （或於） 滿足履約義務時，本集團確認收入，即於特定履約義務的相關商品或服務的控制權轉讓予客戶時確認。履約義務指不同的商品或服務 （或一組商品或服務） 或一系列不同的商品或大致相同的服務。控制權隨時間轉移，而倘滿足以下其中一項標準，則收入乃參照完全滿足相關履約義務的進展情況而隨時間確認： 隨本集團履約，客戶同時取得並耗用本集團履約所提供的利益；Notes to the Consolidated Financial Statements綜合財務報表附註FOR THE YEAR ENDED 31 DECEMBER 2020 截至二零二零年十二月三十一日止年度S

1043、unny Optical Technology (Group) Company Limited ANNUAL REPORT 20201483. BASIS OF PREPARATION OF CONSOLIDATED FINANCIAL STATEMENTS AND SIGNIFICANT ACCOUNTING POLICIES (Continued)3.2 Significant accounting policies (Continued)Revenue from contracts with customers (Continued) the Groups performance cre

1044、ates or enhances an asset that the customer controls as the Group performs; or the Groups performance does not create an asset with an alternative use to the Group and the Group has an enforceable right to payment for performance completed to date.Otherwise, revenue is recognised at a point in time

1045、when the customer obtains control of the distinct good or service.A contract liability represents the Groups obligation to transfer goods or services to a customer for which the Group has received consideration (or an amount of consideration is due) from the customer.Contract costsIncremental costs

1046、of obtaining a contractIncremental costs of obtaining a contract are those costs that the Group incurs to obtain a contract with a customer that it would not have incurred if the contract had not been obtained.The Group recognises such costs (sales commissions) as an asset if it expects to recover t

1047、hese costs. The asset so recognised is subsequently amortised to profit or loss on a systematic basis that is consistent with the transfer to the customer of the goods or services to which the assets relate.The Group applies the practical expedient of expensing all incremental costs to obtain a cont

1048、ract if these costs would otherwise have been fully amortised to profit or loss within one year.3. 綜合財務報表之編製基準及重要會計政策 （續）3.2 重要會計政策 （續）客戶合約收入 （續） 本集團之履約創建或強化資產，該資產於創建或強化之時即由客戶控制；或 本集團的履約並未產生對本集團有替代用途的資產，且本集團對迄今已完成履約之款項具有可執行之權利。否則，收入於客戶獲得商品或服務控制權的時間點確認。合約負債指本集團因已自客戶收取對價 （或已可自客戶收取對價） ，而須轉讓商品或服務予客戶之義務。

1049、合約成本獲取合約的增量成本獲取合約的增量成本是本集團為獲取客戶合約而產生的成本，即如果沒有獲得合約，將不會產生有關成本。倘本集團預期收回該等成本 （銷售佣金） ，則將有關成本確認為資產。由此確認的資產隨後按轉讓與資產相關的商品或服務予客戶一致的系統性基準於損益攤銷，與轉讓商品或服務 （與資產相關） 予客戶一致。倘該等成本原本將在一年內悉數於損益攤銷，則本集團會應用可行權宜方法支付所有取得合約的增加成本。149FOR THE YEAR ENDED 31 DECEMBER 2020截至二零二零年十二月三十一日止年度Notes to the Consolidated Financial Statem

1050、ents綜合財務報表附註舜宇光學科技 （集團） 有限公司 2020 年報 1493. BASIS OF PREPARATION OF CONSOLIDATED FINANCIAL STATEMENTS AND SIGNIFICANT ACCOUNTING POLICIES (Continued)3.2 Significant accounting policies (Continued)LeasesDefinition of a leaseA contract is, or contains, a lease if the contract conveys the right to contr

1051、ol the use of an identified asset for a period of time in exchange for consideration.For contracts entered into or modified on or after the date of initial application or arising from business combinations, the Group assesses whether a contract is or contains a lease based on the definition under HK

1052、FRS 16 at inception, modification date or acquisition date, as appropriate. Such contract will not be reassessed unless the terms and conditions of the contract are subsequently changed.3. 綜合財務報表之編製基準及重要會計政策 （續） 3.2 重要會計政策 （續）租賃租賃的定義倘合約為換取代價而給予在一段時間內控制可識別資產使用的權利，則該合約是租賃或包含租賃。就於首次應用日期或之後訂立或修改或由業務合併所引

1053、致的合約而言，本集團根據香港財務報告準則第16號的定義於初始、修改或收購日期 （倘適用） 評估該合約是否為租賃或包含租賃。除非合約的條款及條件其後出現變動，否則有關合約將不予重新評估。Notes to the Consolidated Financial Statements綜合財務報表附註FOR THE YEAR ENDED 31 DECEMBER 2020 截至二零二零年十二月三十一日止年度Sunny Optical Technology (Group) Company Limited ANNUAL REPORT 20201503. 綜合財務報表之編製基準及重要會計政策 （續）3.2 重要

1054、會計政策 （續）租賃 （續）本集團作為承租人短期租賃及低價值資產租賃對於租期自開始日期起計為12個月或以內且並無包含購買選擇權的部份臨時員工宿舍租賃，本集團應用短期租賃確認豁免。本集團亦對低價值資產租賃應用確認豁免。短期租賃及低價值資產租賃的租賃付款按直線基準或另一系統化基準於租期內確認為開支。使用權資產使用權資產的成本包括： 租賃負債的初始計量金額； 於開始日期或之前作出的任何租賃付款，減任何已收租賃優惠； 本集團產生的任何初始直接成本；及 本集團於拆解及搬遷相關資產、復原相關資產所在場地或復原相關資產至租賃的條款及條件所規定的狀況而產生的成本估計，除非該等成本乃因生產存貨而產生。3. BA

1055、SIS OF PREPARATION OF CONSOLIDATED FINANCIAL STATEMENTS AND SIGNIFICANT ACCOUNTING POLICIES (Continued)3.2 Significant accounting policies (Continued)Leases (Continued)The Group as a lesseeShort-term leases and leases of low-value assetsThe Group applies the short-term lease recognition exemption to

1056、 leases of some temporary staff dormitories that have a lease term of 12 months or less from the commencement date and do not contain a purchase option. It also applies the recognition exemption for lease of low-value assets. Lease payments on short-term leases and leases of low-value assets are rec

1057、ognised as expense on a straight-line basis or another systematic basis over the lease term.Right-of-use assetsThe cost of right-of-use assets include: the amount of the initial measurement of the lease liability; any lease payments made at or before the commencement date, less any lease incentives

1058、received; any initial direct costs incurred by the Group; and an estimate of costs to be incurred by the Group in dismantling and removing the underlying assets, restoring the site on which it is located or restoring the underlying asset to the condition required by the terms and conditions of the l

1059、ease, unless those costs are incurred to produce inventories.151FOR THE YEAR ENDED 31 DECEMBER 2020截至二零二零年十二月三十一日止年度Notes to the Consolidated Financial Statements綜合財務報表附註舜宇光學科技 （集團） 有限公司 2020 年報 1513. 綜合財務報表之編製基準及重要會計政策 （續）3.2 重要會計政策 （續）租賃 （續）本集團作為承租人 （續）使用權資產 （續）使用權資產按成本減任何累計折舊及減值虧損計量，並就租賃負債之任何重新計量

1060、作出調整。就本集團於租期結束時合理確定獲取相關租賃資產所有權的使用權資產而言，有關使用權資產自開始日期起至使用年期結束期間計提折舊。在其他情況下，使用權資產按直線基準於其估計使用年期及租期 （以較短者為準）內計提折舊。本集團於綜合財務狀況表中將使用權資產呈列為單獨項目。可退回租賃按金已支付的可退回租賃按金根據香港財務報告準則第9號入賬，並初步按公允值計量。初始確認時對公允值的調整被視為額外的租賃付款，並包括在使用權資產成本中。3. BASIS OF PREPARATION OF CONSOLIDATED FINANCIAL STATEMENTS AND SIGNIFICANT ACCOUNTI

1061、NG POLICIES (Continued)3.2 Significant accounting policies (Continued)Leases (Continued)The Group as a lessee (Continued)Right-of-use assets (Continued)Right-of-use assets are measured at cost, less any accumulated depreciation and impairment losses, and adjusted for any remeasurement of lease liabi

1062、lities.Right-of-use assets in which the Group is reasonably certain to obtain ownership of the underlying leased assets at the end of the lease term are depreciated from commencement date to the end of the useful life. Otherwise, right-of-use assets are depreciated on a straight-line basis over the

1063、shorter of its estimated useful life and the lease term.The Group presents right-of-use assets as a separate line item on the consolidated statement of financial position.Refundable rental depositsRefundable rental deposits paid are accounted under HKFRS 9 and initially measured at fair value. Adjus

1064、tments to fair value at initial recognition are considered as additional lease payments and included in the cost of right-of-use assets.Notes to the Consolidated Financial Statements綜合財務報表附註FOR THE YEAR ENDED 31 DECEMBER 2020 截至二零二零年十二月三十一日止年度Sunny Optical Technology (Group) Company Limited ANNUAL R

1065、EPORT 20201523. 綜合財務報表之編製基準及重要會計政策 （續）3.2 重要會計政策 （續）租賃 （續）本集團作為承租人 （續）租賃負債於租賃開始日，本集團按當時尚未支付的租賃付款額的現值確認並計量租賃負債。在計算租賃付款的現值時，如果租賃中隱含的利率難以確定，則本集團在租賃開始日使用增量借款利率。租賃付款包括： 固定付款 （包括實質性的固定付款） 減任何應收租賃優惠； 跟隨指數或比率而定的可變租賃付款，採用於開始日期的指數或利率初步計量； 根據剩餘價值擔保預期本集團將支付的金額； 本集團合理確定行使購買選擇權的行使價；及 倘租期反映本集團會行使選擇權終止租賃，則計入終止租賃的罰款

1066、。3. BASIS OF PREPARATION OF CONSOLIDATED FINANCIAL STATEMENTS AND SIGNIFICANT ACCOUNTING POLICIES (Continued)3.2 Significant accounting policies (Continued)Leases (Continued)The Group as a lessee (Continued)Lease liabilitiesAt the commencement date of a lease, the Group recognises and measures the l

1067、ease liability at the present value of lease payments that are unpaid at that date. In calculating the present value of lease payments, the Group uses the incremental borrowing rate at the lease commencement date if the interest rate implicit in the lease is not readily determinable.The lease paymen

1068、ts include: fixed payments (including in-substance fixed payments) less any lease incentives receivable; variable lease payments that depend on an index or a rate, initially measured using the index or rate as at the commencement date; amounts expected to be payable by the Group under residual value

1069、 guarantees; the exercise price of a purchase option if the Group is reasonably certain to exercise the option; and payments of penalties for terminating a lease, if the lease term reflects the Group exercising an option to terminate the lease.153FOR THE YEAR ENDED 31 DECEMBER 2020截至二零二零年十二月三十一日止年度N

1070、otes to the Consolidated Financial Statements綜合財務報表附註舜宇光學科技 （集團） 有限公司 2020 年報 1533. 綜合財務報表之編製基準及重要會計政策 （續）3.2 重要會計政策 （續）租賃 （續）本集團作為承租人 （續）租賃負債 （續）於開始日期後，租賃負債就應計利息及租賃付款作出調整。當租賃條款發生變動時，本集團重新計量租賃負債 （及對相關使用權資產作出相應調整） ，在此情況下，於重新評估日期透過貼現經修訂租賃款項使用經修訂貼現率重新計量相關租賃負債。本集團於綜合財務狀況表中將租賃負債單獨呈列。租賃修改倘出現以下情況，本集團將租賃修改作

1071、為一項單獨的租賃入賬： 該項修改通過增加使用一項或多項相關資產的權利擴大了租賃範圍；及 調增租賃的代價，增加的金額相當於範圍擴大對應的單獨價格，加上按照特定合約的實際情況對單獨價格進行的任何適當調整。3. BASIS OF PREPARATION OF CONSOLIDATED FINANCIAL STATEMENTS AND SIGNIFICANT ACCOUNTING POLICIES (Continued)3.2 Significant accounting policies (Continued)Leases (Continued)The Group as a lessee (Cont

1072、inued)Lease liabilities (Continued)After the commencement date, lease liabilities are adjusted by interest accretion and lease payments.The Group remeasures lease liabilities (and makes a corresponding adjustment to the related right-of-use assets) when the lease term has changed, in which case the

1073、related lease liability is remeasured by discounting the revised lease payments using a revised discount rate at the date of reassessment.The Group presents lease liabilities as a separate line item on the consolidated statement of financial position.Lease modificationsThe Group accounts for a lease

1074、 modification as a separate lease if: the modification increases the scope of the lease by adding the right to use one or more underlying assets; and the consideration for the leases increases by an amount commensurate with the stand-alone price for the increase in scope and any appropriate adjustme

1075、nts to that stand-alone price to reflect the circumstances of the particular contract.Notes to the Consolidated Financial Statements綜合財務報表附註FOR THE YEAR ENDED 31 DECEMBER 2020 截至二零二零年十二月三十一日止年度Sunny Optical Technology (Group) Company Limited ANNUAL REPORT 20201543. 綜合財務報表之編製基準及重要會計政策 （續）3.2 重要會計政策 （

1076、續）租賃 （續）本集團作為承租人 （續）租賃修改 （續）就未作為一項單獨租賃入賬的租賃修改而言，本集團基於透過使用修改生效日期的經修訂貼現率貼現經修訂租賃付款的經修改租賃的租期重新計量租賃負債。本集團通過對相關使用權資產進行相應調整，以對租約負債進行重新計量。當經修改合約包含租約成份以及一個或多個額外租約或非租約成份時，本集團根據租約成份的相對獨立價格及非租約成份的總獨立價格，將經修改合約中的代價分配至每個租約成份。本集團作為出租人租賃的分類及計量本集團作為出租人的租賃分類為融資租賃或經營租賃。當租賃的條款實質上將與相關資產所有權相關的所有風險及回報轉讓予承租人時，該項合同被分類為融資租賃。所

1077、有其他租賃應分類為經營租賃。3. BASIS OF PREPARATION OF CONSOLIDATED FINANCIAL STATEMENTS AND SIGNIFICANT ACCOUNTING POLICIES (Continued)3.2 Significant accounting policies (Continued)Leases (Continued)The Group as a lessee (Continued)Lease modifications (Continued)For a lease modification that is not accounted fo

1078、r as a separate lease, the Group remeasures the lease liability based on the lease term of the modified lease by discounting the revised lease payments using a revised discount rate at the effective date of the modification.The Group accounts for the remeasurement of lease liabilities by making corr

1079、esponding adjustments to the relevant right-of-use asset. When the modified contract contains a lease component and one or more additional lease or non-lease components, the Group allocates the consideration in the modified contract to each lease component on the basis of the relative stand-alone pr

1080、ice of the lease component and the aggregate stand-alone price of the non-lease components.The Group as a lessorClassification and measurement of leasesLeases for which the Group is a lessor are classified as finance or operating leases. Whenever the terms of the lease transfer substantially all the

1081、 risks and rewards incidental to ownership of an underlying asset to the lessee, the contract is classified as a finance lease. All other leases are classified as operating leases.155FOR THE YEAR ENDED 31 DECEMBER 2020截至二零二零年十二月三十一日止年度Notes to the Consolidated Financial Statements綜合財務報表附註舜宇光學科技 （集團）

1082、 有限公司 2020 年報 1553. 綜合財務報表之編製基準及重要會計政策 （續）3.2 重要會計政策 （續）租賃 （續）本集團作為出租人 （續）租賃的分類及計量 （續）經營租賃之租金收入於相關租期內以直線法在損益中確認。於協商及安排經營租賃時引致之初步直接成本乃加至租賃資產之賬面值，有關成本於租賃期內按直線法確認為開支。可退回租賃按金已收可退回租賃按金按香港財務報告準則第9號入賬，並初步按公允值計量。初始確認時對公允值的調整被視為承租人的額外租賃付款。租賃修改不屬於原始條款和條件的租賃合約的條款變更將作為租賃修改處理，包括透過諒解或減租提供租賃優惠。本集團自修改生效之日起將經營租賃的變更作

1083、為新租賃入賬，並將與原始租賃有關的任何預付款或應計租賃付款作為新租賃的租賃付款的一部份。3. BASIS OF PREPARATION OF CONSOLIDATED FINANCIAL STATEMENTS AND SIGNIFICANT ACCOUNTING POLICIES (Continued)3.2 Significant accounting policies (Continued)Leases (Continued)The Group as a lessor (Continued)Classification and measurement of leases (Continue

1084、d)Rental income from operating leases is recognised in profit or loss on a straight-line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset, and such costs are recognised as an

1085、expense on a straight-line basis over the lease term.Refundable rental depositsRefundable rental deposits received are accounted for under HKFRS 9 and initially measured at fair value. Adjustments to fair value at initial recognition are considered as additional lease payments from lessees.Lease mod

1086、ificationChanges in considerations of lease contracts that were not part of the original terms and conditions are accounted for as lease modifications, including lease incentives provided through forgiveness or reduction of rentals.The Group accounts for a modification to an operating lease as a new

1087、 lease from the effective date of the modification, considering any prepaid or accrued lease payments relating to the original lease as part of the lease payments for the new lease.Notes to the Consolidated Financial Statements綜合財務報表附註FOR THE YEAR ENDED 31 DECEMBER 2020 截至二零二零年十二月三十一日止年度Sunny Optica

1088、l Technology (Group) Company Limited ANNUAL REPORT 20201563. 綜合財務報表之編製基準及重要會計政策 （續）3.2 重要會計政策 （續）外幣編製各集團實體之財務報表時，以該實體功能貨幣以外貨幣 （外幣） 進行之交易乃按該交易日期之匯率確認。於報告期末，以外幣計值之貨幣項目以當日之匯率重新換算。按公允值列賬且按外幣列值之非貨幣項目乃按釐定公允值當日之匯率重新換算。以外幣按歷史成本計算之非貨幣項目不予重新換算。貨幣項目結算以及貨幣項目重新換算所產生的匯兌差額於產生期間的損益確認。為呈列綜合財務報表，本集團海外業務的資產及負債用本集團採用的呈

1089、列貨幣 （即人民幣） 按各報告期末的即期匯率進行折算，除非匯率於該期間波動較大，在此情況下，將使用交易日期的匯率。收入和費用按期內的平均匯率折算。若有任何匯兌差額產生，將於其他全面收益中確認及於權益（換算儲備）（歸屬於非控股權益 （如適用） ） 內累計。3. BASIS OF PREPARATION OF CONSOLIDATED FINANCIAL STATEMENTS AND SIGNIFICANT ACCOUNTING POLICIES (Continued)3.2 Significant accounting policies (Continued)Foreign currencies

1090、In preparing the financial statements of each individual group entity, transactions in currencies other than the functional currency of that entity (foreign currencies) are recognised at the rates of exchanges prevailing on the dates of transactions. At the end of the reporting period, monetary item

1091、s denominated in foreign currencies are retranslated at the rates prevailing at that date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rates prevailing on the date when fair value was determined. Non-monetary items that are measured in

1092、terms of historical cost in a foreign currency are not retranslated.Exchange differences arising on the settlement of monetary items and on the retranslation of monetary items, are recognised in profit or loss in the period in which they arise.For the purposes of presenting the consolidated financia

1093、l statements, the assets and liabilities of the Groups foreign operations are translated into the presentation currency of the Group (i.e. Renminbi) at exchange rate prevailing at the end of each reporting period. Income and expense items are translated at the average exchange rates for the period u

1094、nless exchange rates fluctuate significantly during that period, in which case the exchange rates at the date of transactions are used. Exchange differences arising, if any, are recognised in other comprehensive income and accumulated in equity under the heading of translation reserve (attributed to

1095、 non-controlling interests as appropriate).157FOR THE YEAR ENDED 31 DECEMBER 2020截至二零二零年十二月三十一日止年度Notes to the Consolidated Financial Statements綜合財務報表附註舜宇光學科技 （集團） 有限公司 2020 年報 1573. 綜合財務報表之編製基準及重要會計政策 （續）3.2 重要會計政策 （續）借貸成本因收購、興建或生產合資格資產 （即需相當長時間方可作擬定用途或出售的資產） 而直接產生的借貸成本歸入該等資產的成本，直至資產基本上可作擬定用途或出售為止。

1096、所有其他借貸成本均於產生期間於損益中確認。政府補助政府補助於出現合理保證本集團將會遵守附帶的條件及收取補助前，均不會確認。政府補助於本集團確認該等補助擬作補償之有關成本為開支之期間內按系統基準在損益中確認。尤其是，以本集團應收購、建造或以其他方式取得非流動資產為主要條件的政府補助，乃於綜合財務狀況表中確認為遞延收入，並按系統及合理基準於有關資產的可用年期內轉至損益。作為已產生開支或虧損之補償或向本集團提供即時財務支持而無日後相關成本而應收與收入有關之政府補助，於其應收取期間在損益中確認。此補助呈列於 其他收益 項下。3. BASIS OF PREPARATION OF CONSOLIDATED

1097、 FINANCIAL STATEMENTS AND SIGNIFICANT ACCOUNTING POLICIES (Continued)3.2 Significant accounting policies (Continued)Borrowing costsBorrowing costs directly attributable to the acquisition, construction or production of qualifying assets, which are assets that necessarily take a substantial period of

1098、 time to get ready for their intended use or sale, are added to the cost of those assets until such time as the assets are substantially ready for their intended use or sale.All other borrowing costs are recognised in profit or loss in the period in which they are incurred.Government grantsGovernmen

1099、t grants are not recognised until there is reasonable assurance that the Group will comply with the conditions attaching to them and that the grants will be received.Government grants are recognised in profit or loss on a systematic basis over the periods in which the Group recognises as expenses th

1100、e related costs for which the grants are intended to compensate. Specifically, government grants whose primary condition is that the Group should purchase, construct or otherwise acquire non-current assets are recognised as deferred income in the consolidated statement of financial position and tran

1101、sferred to profit or loss on a systematic and rational basis over the useful lives of the related assets.Government grants related to income that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the Group with no futur

1102、e related costs are recognised in profit or loss in the period in which they become receivable. Such grants are presented under “other income”.Notes to the Consolidated Financial Statements綜合財務報表附註FOR THE YEAR ENDED 31 DECEMBER 2020 截至二零二零年十二月三十一日止年度Sunny Optical Technology (Group) Company Limited A

1103、NNUAL REPORT 20201583. 綜合財務報表之編製基準及重要會計政策 （續）3.2 重要會計政策 （續）退休福利成本界定供款的退休福利計劃供款於僱員提供服務而有權獲得供款時確認為開支。短期僱員福利短期僱員福利於僱員提供服務時於預期支付的未折現福利金額中確認。除非有另一香港財務報告準則規定或准許短期僱員福利包含於資產成本福利內，否則所有短期僱員福利均確認為開支。僱員應計福利 （例如工資和薪金以及年假） 於扣減任何已付金額後確認為負債。3. BASIS OF PREPARATION OF CONSOLIDATED FINANCIAL STATEMENTS AND SIGNIFICAN

1104、T ACCOUNTING POLICIES (Continued)3.2 Significant accounting policies (Continued)Retirement benefit costsPayments to defined contribution retirement benefit schemes are recognised as an expense when employees have rendered service entitling them to the contributions.Short-term employee benefitsShort-

1105、term employee benefits are recognised at the undiscounted amount of the benefits expected to be paid as and when employees rendered the services. All short-term employee benefits are recognised as an expense unless another HKFRS requires or permits the inclusion of the benefit in the cost of an asse

1106、t.A liability is recognised for benefits accruing to employees (such as wages and salaries and annual leave) after deducting any amount already paid.159FOR THE YEAR ENDED 31 DECEMBER 2020截至二零二零年十二月三十一日止年度Notes to the Consolidated Financial Statements綜合財務報表附註舜宇光學科技 （集團） 有限公司 2020 年報 1593. 綜合財務報表之編製基準

1107、及重要會計政策 （續）3.2 重要會計政策 （續）以股份為基礎之付款以權益結算股份支付的交易授予僱員的股份向僱員及其他提供類似服務的人士作出的以權益結算股份為基礎之付款乃按權益工具於授予日期的公允值計量。有關舜宇光學科技 （集團） 有限公司限制性股份獎勵計劃項下授出的本公司股份 （ 限制性股份 ） ，釐定來自僱員服務的公允值乃參照所授出限制性股份於授出日期的公允值。該公允值以直線法於歸屬期支銷，並對應增加權益 （股份獎勵計劃儲備） 。於各報告期末，本集團根據對所有有關非市場歸屬狀況的評估重訂對限制性股份於歸屬時的預期股數所作的估計。重訂估計的任何影響 （如有） 乃於損益中確認，故此，累計開支反

1108、映經重訂估計，並相應調整股份獎勵計劃儲備。當限制性股份歸屬時，先前於股份獎勵計劃儲備確認的金額與本集團先前所收購限制性股份成本之間的差額將轉撥至保留盈利。當限制性股份於歸屬日期前失效或於到期日仍未歸屬，則先前於股份獎勵計劃儲備中確認的金額將繼續在股份獎勵計劃儲備內持有。3. BASIS OF PREPARATION OF CONSOLIDATED FINANCIAL STATEMENTS AND SIGNIFICANT ACCOUNTING POLICIES (Continued)3.2 Significant accounting policies (Continued)Share-base

1109、d paymentsEquity-settled share-based payment transactionsShares granted to employeesEquity-settled share-based payments to employees and others providing similar services are measured at the fair value of the equity instruments at the grant date.For shares of the Company granted under The Sunny Opti

1110、cal Technology (Group) Company Limited Restricted Share Award Scheme (“Restricted Shares”), the fair value of the employee services received is determined by reference to the fair value of the Restricted Shares granted at the grant date and is expensed on a straight-line basis over the vesting perio

1111、d, with a corresponding increase in equity (share award scheme reserve). At the end of each reporting period, the Group revises its estimates of the number of Restricted Shares that are expected to vest based on assessment of all relevant non-market vesting conditions. The impact of the revision of

1112、the estimates, if any, is recognised in the profit or loss such that the cumulative expense reflects the revised estimate, with a corresponding adjustment to share award scheme reserve.When the Restricted Shares are vested, the difference of the amount previously recognised in the share award scheme

1113、 reserve and the cost of the related Restricted Shares previously acquired by the Group will be transferred to retained profits. When the Restricted Shares are lapsed before the vesting date or are still not vested at the expiry date, the amount of previously recognised in the share award scheme res

1114、erve will continue to be held in the share award scheme reserve.Notes to the Consolidated Financial Statements綜合財務報表附註FOR THE YEAR ENDED 31 DECEMBER 2020 截至二零二零年十二月三十一日止年度Sunny Optical Technology (Group) Company Limited ANNUAL REPORT 20201603. 綜合財務報表之編製基準及重要會計政策 （續）3.2 重要會計政策 （續）稅項所得稅開支指即期應付稅項與遞延稅項的

1115、總和。即期應付稅項根據本年度應課稅溢利計算。應課稅溢利與綜合損益及其他全面收益表所報告的除稅前溢利不同，此乃因其他年度的應課稅或可扣稅收支項目，以及毋須課稅或不可扣稅項目所致。本集團的即期稅項負債根據截至報告期末已頒佈或實質頒佈的稅率計算。遞延稅項按綜合財務報表中資產及負債賬面值與計算應課稅溢利所採用相應稅基之暫時差額確認。遞延稅項負債一般就所有應課稅暫時差額確認入賬。遞延稅項資產一般就所有暫時差額確認入賬，惟可能有應課稅溢利用於對銷可扣稅暫時差額。若於一項交易中，因初次確認資產及負債 （業務合併除外） 而引致之暫時差額既不影響應課稅溢利亦不影響會計溢利，則不會確認該等遞延稅項資產及負債。此外

1116、，倘初步確認商譽產生暫時差額，遞延稅項負債不會確認。3. BASIS OF PREPARATION OF CONSOLIDATED FINANCIAL STATEMENTS AND SIGNIFICANT ACCOUNTING POLICIES (Continued)3.2 Significant accounting policies (Continued)TaxationIncome tax expense represents the sum of the tax currently payable and deferred tax.The tax currently payable i

1117、s based on taxable profit for the year. Taxable profit differs from profit before tax as reported in the consolidated statement of profit or loss and other comprehensive income because of income or expense that are taxable or deductible in other years and items that are never taxable or deductible.

1118、The Groups liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.Deferred tax is recognised on temporary differences between the carrying amounts of assets and liabilities in the consolidated financial statements an

1119、d the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all temporary differences to the extent that it is probable that taxable profits will be

1120、available against which those deductible temporary differences can be utilised. Such deferred tax assets and liabilities are not recognised if the temporary difference arises from the initial recognition (other than in a business combination) of assets and liabilities in a transaction that affects n

1121、either the taxable profit nor the accounting profit. In addition, deferred tax liabilities are not recognised if the temporary difference arises from the initial recognition of goodwill.161FOR THE YEAR ENDED 31 DECEMBER 2020截至二零二零年十二月三十一日止年度Notes to the Consolidated Financial Statements綜合財務報表附註舜宇光學科

1122、技 （集團） 有限公司 2020 年報 1613. 綜合財務報表之編製基準及重要會計政策 （續）3.2 重要會計政策 （續）稅項 （續）遞延稅項負債乃就於附屬公司及聯營公司之投資所產生應課稅暫時差額進行確認，惟倘本集團能控制暫時差額之撥回，且暫時差額可能不會於可見將來撥回之情況則除外。因有關該等投資的可扣減暫時差額而產生的遞延稅項資產僅在可能產生足夠應課稅溢利以使用暫時差額利益並預期能夠在可見將來撥回時確認。遞延稅項資產的賬面值於各報告期末進行審閱，並會削減至不再可能有足夠應課稅溢利用於收回全部或部份相關資產為止。遞延稅項資產及負債按償還負債或變現資產的期間內預期適用之稅率，根據報告期末已頒佈

1123、或實質頒佈的稅率（及稅法） 計算。3. BASIS OF PREPARATION OF CONSOLIDATED FINANCIAL STATEMENTS AND SIGNIFICANT ACCOUNTING POLICIES (Continued)3.2 Significant accounting policies (Continued)Taxation (Continued)Deferred tax liabilities are recognised for taxable temporary differences associated with investments in sub

1124、sidiaries and associates except where the Group is able to control the reversal of the temporary difference and it is probable that the temporary difference will not reverse in the foreseeable future. Deferred tax assets arising from deductible temporary differences associated with such investments

1125、are only recognised to the extent that it is probable that there will be sufficient taxable profits against which to utilise the benefits of the temporary differences and they are expected to reverse in the foreseeable future.The carrying amount of deferred tax assets is reviewed at the end of each

1126、reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liabili

1127、ty is settled or the asset is realised, based on tax rate (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.Notes to the Consolidated Financial Statements綜合財務報表附註FOR THE YEAR ENDED 31 DECEMBER 2020 截至二零二零年十二月三十一日止年度Sunny Optical Technology (Group) Comp

1128、any Limited ANNUAL REPORT 20201623. BASIS OF PREPARATION OF CONSOLIDATED FINANCIAL STATEMENTS AND SIGNIFICANT ACCOUNTING POLICIES (Continued)3.2 Significant accounting policies (Continued)Taxation (Continued)The measurement of deferred tax liabilities and assets reflects the tax consequences that wo

1129、uld follow from the manner in which the Group expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.For the purpose of measuring deferred tax of leasing transactions in which the Group recognises the right-of-use assets and the related le

1130、ase liabilities, the Group first determines whether the tax deductions are attributable to right-of-use assets or the lease liabilities.For leasing transactions in which the tax deductions are attributable to the lease liabilities, the Group applies HKAS 12 Income Taxes requirement to right-of-use a

1131、ssets and lease liabilities separately. Temporary differences on initial recognition of the relevant right-of-use assets and lease liabilities are not recognised due to application of the initial recognition exemption. Temporary difference arising from subsequent revision to carrying amounts of righ

1132、t-of-use assets and lease liabilities and lease modifications, that are not subject to initial recognition exemption are recognised on the date of remeasurement or modification.3. 綜合財務報表之編製基準及重要會計政策 （續）3.2 重要會計政策 （續）稅項 （續）遞延稅項負債及資產之計量反映按照本集團所預期方式於報告期末可收回或結算其資產及負債賬面值將出現之稅務後果。就計量本集團確認使用權資產及相關租賃負債的租賃交易

1133、中的遞延稅項而言，本集團首次釐定稅項扣減歸因於使用權或租賃負債。就當中具有租賃負債所產生之稅項扣減的租賃交易而言，本集團對使用權資產及租賃負債個別應用香港會計準則第12號所得稅之規定。由於應用初始確認豁免，故並無確認相關使用權資產及租賃負債於初始確認時的暫時差額。其後對使用權資產及租賃負債之賬面值作出修訂及租賃修訂所產生之暫時差額 （不獲初始確認豁免） 於重新計量或修訂日期確認。163FOR THE YEAR ENDED 31 DECEMBER 2020截至二零二零年十二月三十一日止年度Notes to the Consolidated Financial Statements綜合財務報表附註

1134、舜宇光學科技 （集團） 有限公司 2020 年報 1633. 綜合財務報表之編製基準及重要會計政策 （續）3.2 重要會計政策 （續）稅項 （續）當有合法可強制執行權利將與同一稅務機關徵收之所得稅有關的即期稅項資產與即期稅項負債抵銷，則遞延稅項資產及負債可互相對銷。即期及遞延稅項於損益確認，惟當其與在其他全面收益中確認或直接在權益中確認之項目相關，則即期及遞延稅項亦分別於其他全面收益或直接於權益中確認。倘因業務合併之初步會計方法而產生即期或遞延稅項，有關稅務影響會計入業務合併之會計方法內。物業、機器及設備物業、機器及設備指持作生產或供應貨品或服務或作行政用途的租賃土地及樓宇 （在建工程除外）

1135、的無形資產，乃按成本減其後累計折舊及後續累計減值虧損 （倘有） 於綜合財務狀況表中列賬。用於生產、供應貨品或作行政用途的在建物業以成本減任何已確認的減值虧損列賬。成本包括導致資產處於對於以管理層擬定之方式營運屬必要的情形及條件而間接產生的任何成本及（對合資格資產而言） 根據本集團會計政策貨本化的借款成本。該等物業於完成且可作擬定用途時，會列作物業、機器及設備之適當類別。該等資產按與其他物業資產相同之方式，於資產可作擬定用途時開始折舊。3. BASIS OF PREPARATION OF CONSOLIDATED FINANCIAL STATEMENTS AND SIGNIFICANT ACCO

1136、UNTING POLICIES (Continued)3.2 Significant accounting policies (Continued)Taxation (Continued)Deferred tax assets and liabilities are offset when there is legally enforceable right to set off current tax assets against current tax liabilities and when they relate to income taxes levied to the same t

1137、axable entity by the same taxation authority.Current and deferred tax are recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax are also recognised in other comprehensive inc

1138、ome or directly in equity respectively. Where current tax or deferred tax arises from the initial accounting for a business combination, the tax effect is included in the accounting for the business combination.Property, plant and equipmentProperty, plant and equipment are tangible assets that are h

1139、eld for use in the production or supply of goods or services, or for administrative purposes, other than construction in progress, stated in the consolidated statement of financial position at cost less subsequent accumulated depreciation and subsequent accumulated impairment losses, if any.Properti

1140、es in the course of construction for production, supply or administrative purposes are carried at cost, less any recognised impairment loss. Costs include any costs directly attributable to bringing the assets to the location and condition necessary for it to be capable of operating in the manner in

1141、tended by management and, for qualifying assets, borrowing costs capitalised in accordance with the Groups accounting policy. Such properties are classified to the appropriate categories of property, plant and equipment when completed and ready for intended use. Depreciation of these assets, on the

1142、same basis as other property assets, commences when the assets are ready for their intended use.Notes to the Consolidated Financial Statements綜合財務報表附註FOR THE YEAR ENDED 31 DECEMBER 2020 截至二零二零年十二月三十一日止年度Sunny Optical Technology (Group) Company Limited ANNUAL REPORT 20201643. 綜合財務報表之編製基準及重要會計政策 （續）3.

1143、2 重要會計政策 （續）物業、機器及設備 （續）當本集團就包括租賃土地及樓宇部份之物業的所有權作出付款時，租賃土地及樓宇部份的全部代價將以初步確認時的相對公允值的比例分配。倘可合理作出相關款項分配，列賬為經營租賃的租賃土地於綜合財務狀況表中呈列作 使用權資產 。倘非租賃樓宇部份與相關租賃土地的未拆分利息間的代價無法合理分配，全部物業均被分類為物業、機器及設備。物業、機器及設備項目 （在建工程除外） 以直線法於其估計可使用年期內經扣除估計餘值後確認折舊以撇銷成本。估計可使用年期、剩餘價值和折舊方法會在各報告期末覆核，並採用未來適用法對估計變更的影響進行核算。物業、機器及設備項目於出售後或預計持續

1144、使用該資產不會於日後產生經濟利益時取消確認。因出售或報廢物業、機器及設備項目所產生的任何收益或虧損乃釐定為出售所得款項與資產賬面值之間的差額，並於損益中確認。3. BASIS OF PREPARATION OF CONSOLIDATED FINANCIAL STATEMENTS AND SIGNIFICANT ACCOUNTING POLICIES (Continued)3.2 Significant accounting policies (Continued)Property, plant and equipment (Continued)When the Group makes paym

1145、ents for ownership interests of properties which includes both leasehold land and building elements, the entire consideration is allocated between the leasehold land and the building elements in proportion to the relative fair values at initial recognition. To the extent allocation of the relevant p

1146、ayments can be made reliably, interest in leasehold land that is accounted for as an operating lease is presented as “right-of-use assets” in the consolidated statement of financial position. When the consideration cannot be allocated reliably between non-lease building element and undivided interes

1147、t in the underlying leasehold land, the entire properties are classified as property, plant and equipment.Depreciation is recognised so as to write off the cost of items of property, plant and equipment, other than construction in progress, less their residual values over their estimated useful live

1148、s, using the straight-line method. The estimated useful lives, residual values and depreciation method are reviewed at the end of each reporting period, with the effect of any changes in estimate accounted for on a prospective basis.An item of property, plant and equipment is derecognised upon dispo

1149、sal or when no future economic benefits are expected to arise from the continued use of the asset. Any gain or loss arising on disposal or retirement of an item of property, plant and equipment is determined as the difference between the sales proceeds and the carrying amount of the asset and is rec

1150、ognised in profit or loss.165FOR THE YEAR ENDED 31 DECEMBER 2020截至二零二零年十二月三十一日止年度Notes to the Consolidated Financial Statements綜合財務報表附註舜宇光學科技 （集團） 有限公司 2020 年報 1653. 綜合財務報表之編製基準及重要會計政策 （續）3.2 重要會計政策 （續）投資物業投資物業乃持作賺取租金及或資本增值之物業。投資物業初步按成本 （包括任何直接應佔開支） 計量。於初始確認後，投資物業按成本減其後累計折舊及任何累計減值虧損列賬。按直線法在投資物業的估計使用

1151、年期內且經計及預計殘值後確認折舊，以抵銷投資物業的成本。投資物業在處置或永久不再使用後且預期處置不會產生未來經濟利益時終止確認。終止確認物業所產生的任何收益或損失 （按照資產處置所得款項淨額與賬面值之間的差額計算） 在該物業終止確認期間計入損益。無形資產分開收購的無形資產單獨收購的可使用年期有限的無形資產，按成本減累計攤銷及累計減值虧損入賬。可使用年期有限的無形資產攤銷於估計可使用年期按直線法確認。估計可使用年期及攤銷方法於各報告期末予以審核，任何估計變動的影響按預期基準入賬。3. BASIS OF PREPARATION OF CONSOLIDATED FINANCIAL STATEMENT

1152、S AND SIGNIFICANT ACCOUNTING POLICIES (Continued)3.2 Significant accounting policies (Continued)Investment propertiesInvestment properties are properties held to earn rentals and/or for capital appreciation.Investment properties are initially measured at cost, including any directly attributable exp

1153、enditure. Subsequent to initial recognition, investment properties are stated at cost less subsequent accumulated depreciation and any accumulated impairment losses. Depreciation is recognised so as to write off the cost of investment properties over their estimated useful lives and after taking int

1154、o account of their estimated residual value, using the straight-line method.An investment property is derecognised upon disposal or when the investment property is permanently withdrawn from use and no future economic benefits are expected from its disposal. Any gain or loss arising on derecognition

1155、 of the property (calculated as the difference between the net disposal proceeds and the carrying amount of the asset) is included in the profit or loss in the period in which the property is derecognised.Intangible assetsIntangible assets acquired separatelyIntangible assets with finite useful live

1156、s that are acquired separately are carried at costs less accumulated amortisation and any accumulated impairment losses. Amortisation for intangible assets with finite useful lives is recognised on a straight-line basis over their estimated useful lives. The estimated useful life and amortisation me

1157、thod are reviewed at the end of each reporting period, with the effect of any changes in estimate being accounted for on a prospective basis.Notes to the Consolidated Financial Statements綜合財務報表附註FOR THE YEAR ENDED 31 DECEMBER 2020 截至二零二零年十二月三十一日止年度Sunny Optical Technology (Group) Company Limited ANN

1158、UAL REPORT 20201663. BASIS OF PREPARATION OF CONSOLIDATED FINANCIAL STATEMENTS AND SIGNIFICANT ACCOUNTING POLICIES (Continued)3.2 Significant accounting policies (Continued)Intangible assets (Continued)Internally-generated intangible assets research and development expendituresExpenditure on researc

1159、h activities is recognised as an expense in the period in which it is incurred.An internally-generated intangible asset arising from development activities (or from the development phase of an internal project) is recognised if, and only if, all of the following have been demonstrated: the technical

1160、 feasibility of completing the intangible asset so that it will be available for use or sale; the intention to complete the intangible asset and use or sell it; the ability to use or sell the intangible asset; how the intangible asset will generate probable future economic benefits; the availability

1161、 of adequate technical, financial and other resources to complete the development and to use or sell the intangible asset; and the ability to measure reliably the expenditure attributable to the intangible asset during its development.3. 綜合財務報表之編製基準及重要會計政策 （續）3.2 重要會計政策 （續）無形資產 （續）內部產生無形資產研發開支研發活動開支

1162、於所產生期間確認為開支。當且僅當出現所有下列情況時，開發活動 （或內部項目的開發期） 所產生的所有內部無形資產始予以確認： 完成無形資產以使該無形資產可供使用或出售的技術可行性； 完成無形資產及使用或出售該無形資產的意向； 使用或出售無形資產的能力； 無形資產如何產生可能的未來經濟利益； 有足夠的技術、財務及其他資源可用於完成開發及使用或出售無形資產；及 可靠計量無形資產於開發期間應佔開支的能力。167FOR THE YEAR ENDED 31 DECEMBER 2020截至二零二零年十二月三十一日止年度Notes to the Consolidated Financial Statement

1163、s綜合財務報表附註舜宇光學科技 （集團） 有限公司 2020 年報 1673. BASIS OF PREPARATION OF CONSOLIDATED FINANCIAL STATEMENTS AND SIGNIFICANT ACCOUNTING POLICIES (Continued)3.2 Significant accounting policies (Continued)Intangible assets (Continued)Internally-generated intangible assets research and development expenditures (C

1164、ontinued)The amount initially recognised for internally-generated intangible asset is the sum of the expenditure incurred from the date when the intangible asset first meets the recognition criteria listed above. Where no internally-generated intangible asset can be recognised, development expenditu

1165、re is recognised in profit or loss in the period in which it is incurred.Subsequent to initial recognition, internally-generated intangible assets are reported at cost less accumulated amortisation and accumulated impairment losses (if any), on the same basis as intangible assets acquired separately

1166、.Intangible assets acquired in a business combinationIntangible assets acquired in a business combination are recognised separately from goodwill and are initially recognised at their fair value at the acquisition date (which is regarded as their cost).Subsequent to initial recognition, intangible a

1167、ssets acquired in a business combination with finite useful lives are reported at costs less accumulated amortisation and any accumulated impairment losses, on the same basis as intangible assets that are acquired separately.An intangible asset is derecognised on disposal, or when no future economic

1168、 benefits are expected from use or disposal. Gains and losses arising from derecognition of an intangible asset, measured as the difference between the net disposal proceeds and the carrying amount of the asset, are recognised in profit or loss when the asset is derecognised.3. 綜合財務報表之編製基準及重要會計政策 （續

1169、）3.2 重要會計政策 （續）無形資產 （續）內部產生無形資產研發開支 （續）就內部產生的無形資產所初步確認的金額為該無形資產自首度符合上述確認標準起已產生的開支總額。倘無內部產生的無形資產可予確認，則開發費用在其產生期間於損益確認。於首次確認後，內部產生的無形資產按成本減累計攤銷及累計減值虧損 （如有） 呈報，與單獨收購的無形資產列賬方式相同。於業務合併中購入的無形資產業務組合中所購無形資產與商譽區分確認並於收購日期按公允值初步確認（被視為其成本） 。初步確認後，業務組合中具有固定使用年期的所購無形資產按成本減累計攤銷及任何累計減值虧損呈列，該基準與單獨購入的無形資產一致。無形資產於出售時或

1170、當動用或出售預期不會帶來未來經濟利益時終止確認。無形資產終止確認 （按出售所得款項淨額與資產賬面值間的差額計量） 產生的收益或虧損於資產終止確認時於損益中確認。Notes to the Consolidated Financial Statements綜合財務報表附註FOR THE YEAR ENDED 31 DECEMBER 2020 截至二零二零年十二月三十一日止年度Sunny Optical Technology (Group) Company Limited ANNUAL REPORT 20201683. 綜合財務報表之編製基準及重要會計政策 （續）3.2 重要會計政策 （續）有形資產

1171、、使用權資產及無形資產 （商譽除外） 減值於各報告期末，本集團檢討其具有有限可使用年期的有形資產、使用權資產及無形資產的賬面值，以釐定是否有任何跡象顯示該等資產已蒙受減值虧損。倘存在任何該等跡象，則估計該等資產的可收回數額以釐定減值虧損程度 （如有） 。有形資產、使用權資產及無形資產之可收回款項乃獨立作出評估。倘無法估計個別資產之可收回款項，本集團將估計該資產所屬可產生現金之單位之可收回款項。於測試現金產生單位的減值時，倘可設立合理及一致的分配基準，則企業資產分配至相關現金產生單位，或分配至現金產生單位內可設立合理及一致分配基準的最小組別。可收回金額按企業資產所屬現金產生單位或現金產生單位組別

1172、釐定，並與相關現金產生單位或現金產生單位組別的賬面值相比較。可收回金額為公允值減出售成本與使用價值兩者中之較高值。於評估使用價值時，乃以反映目前市場對金錢時間價值及資產 （或現金產生單位） 於估計未來現金流量調整前之獨有風險之稅前折算率折算估計未來現金流量至其現值。3. BASIS OF PREPARATION OF CONSOLIDATED FINANCIAL STATEMENTS AND SIGNIFICANT ACCOUNTING POLICIES (Continued)3.2 Significant accounting policies (Continued)Impairment o

1173、n tangible, right-of-use assets and intangible assets other than goodwillAt the end of each reporting period, the Group reviews the carrying amounts of its tangible, right-of-use assets and intangible assets with finite useful lives to determine whether there is any indication that those assets have

1174、 suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).The recoverable amount of tangible, right-of-use assets and intangible assets are estimated individually. When it is not poss

1175、ible to estimate the recoverable amount individually, the Group estimates the recoverable amount of the cash generating unit to which the asset belongs.In testing a cash-generating unit for impairment, corporate assets are allocated to the relevant cash-generating unit when a reasonable and consiste

1176、nt basis of allocation can be established, or otherwise they are allocated to the smallest group of cash generating units for which a reasonable and consistent allocation basis can be established. The recoverable amount is determined for the cash-generating unit or group of cash-generating units to

1177、which the corporate asset belongs, and is compared with the carrying amount of the relevant cash-generating unit or group of cash-generating units.Recoverable amount is the higher of fair value less costs of disposal and value in use. In assessing value in use, the estimated future cash flows are di

1178、scounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset (or a cash-generating unit) for which the estimates of future cash flows have not been adjusted.169FOR THE YEAR ENDED 31 DECEMBER 2020

1179、截至二零二零年十二月三十一日止年度Notes to the Consolidated Financial Statements綜合財務報表附註舜宇光學科技 （集團） 有限公司 2020 年報 1693. 綜合財務報表之編製基準及重要會計政策 （續）3.2 重要會計政策 （續）有形資產、使用權資產及無形資產 （商譽除外） 減值 （續）倘若資產 （或現金產生單位） 的估計可收回金額低於其賬面值，則資產 （或現金產生單位） 的賬面值將調低至其可收回金額。對於企業資產或無法按合理一致基準分配至現金產生單位的部份企業資產，本集團將現金產生單位組別的賬面值進行比較，包括企業資產或已分配至現金產生單位組別的

1180、部份企業資產之賬面值以及現金產生單位組別的可收回金額。於分配減值虧損時，減值虧損首先分配至減少商譽的賬面值 （倘適用） ，然後根據單位中或現金產生單位組別中每一資產的賬面值按比例分配至其他資產。資產的賬面值不會減少至低於其公允值減出售成本 （如可計量） 、其使用價值 （如可釐定） 及零 （以較高值為準） 。分配至資產的減值虧損款額按比例分配至單位中或現金產生單位組別中的其他資產。減值虧損即時於損益中確認。倘減值虧損於其後撥回，則該項資產（或現金產生單位或現金產生單位組別） 之賬面值會增加至其經修訂之估計可收回金額，惟增加後之賬面值不得超出假設過往年度並無就該項資產 （或現金產生單位或現金產生單

1181、位組別） 確認減值虧損原應釐定之賬面值。減值虧損撥回即時於損益中確認。3. BASIS OF PREPARATION OF CONSOLIDATED FINANCIAL STATEMENTS AND SIGNIFICANT ACCOUNTING POLICIES (Continued)3.2 Significant accounting policies (Continued)Impairment on tangible, right-of-use assets and intangible assets other than goodwill (Continued)If the recove

1182、rable amount of an asset (or a cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or a cash-generating unit) is reduced to its recoverable amount. For corporate assets or portion of corporate assets which cannot be allocated on a reasonable and

1183、consistent basis to a cash-generating unit, the Group compares the carrying amount of a group of cash-generating units, including the carrying amounts of the corporate assets or portion of corporate assets allocated to that group of cash-generating units, with the recoverable amount of the group of

1184、cash-generating units. In allocating the impairment loss, the impairment loss is allocated first to reduce the carrying amount of any goodwill (if applicable) and then to the other assets on a pro-rata basis based on the carrying amount of each asset in the unit or the group of cash-generating units

1185、. The carrying amount of an asset is not reduced below the highest of its fair value less costs of disposal (if measurable), its value in use (if determinable) and zero. The amount of the impairment loss that would otherwise have been allocated to the asset is allocated pro rata to the other assets

1186、of the unit or the group of cash-generating units. An impairment loss is recognised immediately in profit or loss.Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash generating unit or a group of cash-generating units) is increased to the revised estimate of its

1187、 recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit or a group of cash-generating units) in prior years. A reversal of an impairment loss is re

1188、cognised immediately in profit or loss.Notes to the Consolidated Financial Statements綜合財務報表附註FOR THE YEAR ENDED 31 DECEMBER 2020 截至二零二零年十二月三十一日止年度Sunny Optical Technology (Group) Company Limited ANNUAL REPORT 20201703. 綜合財務報表之編製基準及重要會計政策 （續）3.2 重要會計政策 （續）存貨存貨按成本及可變現淨值的較低者列賬。存貨成本按加權平均法釐定。可變現淨值指存貨估計售價

1189、減直至完工的全部估計成本及銷售活動所需成本。金融工具當集團實體成為工具合約條文的訂約方時，金融資產及金融負債方獲確認。所有以正規途徑購買或銷售之金融資產乃按交易日期基準確認及取消確認。正規途徑買賣或銷售乃要求於市場法規或慣例所確定之時間框架內交付資產之金融資產買賣或銷售。金融資產及金融負債初步按公允值計量，惟根據香港財務報告準則第15號初步計量的與客戶合約產生的貿易應收款項除外。交易成本直接歸屬於收購或發行金融資產及金融負債 （按公允值計入損益的金融資產或金融負債除外） ，在初始確認時適當地計入或自金融資產或金融負債的公允值中扣除。直接歸屬於收購按公允值計入損益的金融資產或金融負債的交易成本，

1190、即時於損益中確認。3. BASIS OF PREPARATION OF CONSOLIDATED FINANCIAL STATEMENTS AND SIGNIFICANT ACCOUNTING POLICIES (Continued)3.2 Significant accounting policies (Continued)InventoriesInventories are stated at the lower of cost and net realisable value. Costs of inventories are determined on a weighted avera

1191、ge method. Net realisable value represents the estimated selling price for inventories less all estimated costs of completion and costs necessary to make the sale.Financial instrumentsFinancial assets and financial liabilities are recognised when a group entity becomes a party to the contractual pro

1192、visions of the instrument. All regular way purchases or sales of financial assets are recognised and derecognised on a trade date basis. Regular way purchases or sales are purchases or sales of financial assets that require delivery of assets within the time frame established by regulation or conven

1193、tion in the market place.Financial assets and financial liabilities are initially measured at fair value except for trade receivables arising from contracts with customers which are initially measured in accordance with HKFRS 15. Transaction costs that are directly attributable to the acquisition or

1194、 issue of financial assets and financial liabilities (other than financial assets or financial liabilities at FVTPL) are added to or deducted from the fair value of the financial assets or financial liabilities, as appropriate, on initial recognition. Transaction costs directly attributable to the a

1195、cquisition of financial assets or financial liabilities at FVTPL are recognised immediately in profit or loss.171FOR THE YEAR ENDED 31 DECEMBER 2020截至二零二零年十二月三十一日止年度Notes to the Consolidated Financial Statements綜合財務報表附註舜宇光學科技 （集團） 有限公司 2020 年報 1713. 綜合財務報表之編製基準及重要會計政策 （續）3.2 重要會計政策 （續）金融工具 （續）實際利率法為

1196、計算金融資產或金融負債的攤銷成本以及於相關期間內分配利息收入及利息支出的方法。實際利率指在金融資產或金融負債的預計年期內或 （如適用） 較短期間內準確折算估計未來現金收入及支出 （包括所有構成實際利率整體部份而支付或收取的費用及時點、交易成本及其他溢價或折扣） 至初步確認時的賬面淨值的利率。金融資產金融資產的分類和其後計量滿足以下條件其後按攤銷成本計量的金融資產： 以收取合約現金流量為目的之經營模式下持有之金融資產；及 金融資產之合約條款於指定日期產生之現金流量純粹為支付本金及未償還本金之利息。滿足以下條件其後按公允值計入其他全面收益的金融資產： 以出售及收取合約現金流量為目的之經營模式下持有

1197、之金融資產；及 金融資產之合約條款於指定日期產生之現金流量純粹為支付本金及未償還本金之利息。3. BASIS OF PREPARATION OF CONSOLIDATED FINANCIAL STATEMENTS AND SIGNIFICANT ACCOUNTING POLICIES (Continued)3.2 Significant accounting policies (Continued)Financial instruments (Continued)The effective interest method is a method of calculating the amort

1198、ised cost of a financial asset or financial liability and of allocating interest income and interest expense over the relevant period. The effective interest rate is the rate that exactly discounts estimated future cash receipts and payments (including all fees and points paid or received that form

1199、an integral part of the effective interest rate, transaction costs and other premiums or discounts) through the expected life of the financial asset or financial liability, or, where appropriate, a shorter period to the net carrying amount on initial recognition.Financial assetsClassification and su

1200、bsequent measurement of financial assetsFinancial assets that meet the following conditions are subsequently measured at amortised cost: the financial asset is held within a business model whose objective is to collect contractual cash flows; and the contractual terms give rise on specified dates to

1201、 cash flows that are solely payments of principal and interest on the principal amount outstanding.Financial assets that meet the following conditions are subsequently measured at FVTOCI: the financial asset is held within a business model whose objective is achieved by both selling and collecting c

1202、ontractual cash flows; and the contractual terms give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding.Notes to the Consolidated Financial Statements綜合財務報表附註FOR THE YEAR ENDED 31 DECEMBER 2020 截至二零二零年十二月三十一日止年度Sunny Optical

1203、Technology (Group) Company Limited ANNUAL REPORT 20201723. BASIS OF PREPARATION OF CONSOLIDATED FINANCIAL STATEMENTS AND SIGNIFICANT ACCOUNTING POLICIES (Continued)3.2 Significant accounting policies (Continued)Financial instruments (Continued)Financial assets (Continued)Classification and subsequen

1204、t measurement of financial assets (Continued)All other financial assets are subsequently measured at FVTPL, except that at the date of initial recognition of a financial asset the Group may irrevocably elect to present subsequent changes in fair value of an equity investment in other comprehensive i

1205、ncome if that equity investment is neither held for trading nor contingent consideration recognised by an acquirer in a business combination to which HKFRS 3 Business Combinations applies.A financial asset is held for trading if: it has been acquired principally for the purpose of selling in the nea

1206、r term; or on initial recognition it is a part of portfolio of identified financial instruments that the Group manages together and has a recent actual pattern of short-term profit-taking; or it is a derivative that is not designated and effective as a hedging instrument.In addition, the Group may i

1207、rrevocably designate a financial asset that are required to be measured at the amortised cost or FVTOCI as measured at FVTPL if doing so eliminates or significantly reduces an accounting mismatch.3. 綜合財務報表之編製基準及重要會計政策 （續）3.2 重要會計政策 （續）金融工具 （續）金融資產 （續）金融資產的分類和其後計量 （續）所有其他金融資產其後按公允值計入損益計量，惟在首次應用初步確認金融

1208、資產當日，倘該股權投資並非持作買賣，亦非收購方於香港財務報告準則第3號業務合併適用的業務合併中確認的或然代價，則本集團可不可撤銷地選擇呈列其他全面收益股權投資之公允值之其後變動。倘若出現下列情況，則金融資產將持作買賣： 產生之主要目的為於不久將來出售而購回；或 於初步確認時，其為本集團聯合管理之已識別金融工具組合之一部份，而近期實際具備短期獲利之模式；或 其為不指定及有效作為對沖工具之衍生工具。此外，倘如此可消除或大幅減少會計錯配，則本集團可不可撤銷地指定符合按攤銷成本或按公允價值計入其他全面收益計量的金融資產按以公允價值計入損益計量。173FOR THE YEAR ENDED 31 DECE

1209、MBER 2020截至二零二零年十二月三十一日止年度Notes to the Consolidated Financial Statements綜合財務報表附註舜宇光學科技 （集團） 有限公司 2020 年報 1733. BASIS OF PREPARATION OF CONSOLIDATED FINANCIAL STATEMENTS AND SIGNIFICANT ACCOUNTING POLICIES (Continued)3.2 Significant accounting policies (Continued)Financial instruments (Continued)Fina

1210、ncial assets (Continued)Classification and subsequent measurement of financial assets (Continued)(i) Amortised cost and interest incomeInterest income is recognised using the effective interest method for financial assets measured subsequently at amortised cost. Interest income is calculated by appl

1211、ying the effective interest rate to the gross carrying amount of a financial asset, expect for financial assets that have subsequently become credit-impaired. For financial assets that have subsequently become credit-impaired, interest income is recognised by applying the effective interest rate to

1212、the amortised cost of the financial asset from the next reporting period. If the credit risk on the credit-impaired financial instrument improves so that the financial asset is no longer credit-impaired, interest income is recognised by applying the effective interest rate to the gross carrying amou

1213、nt of the financial asset from the beginning of the reporting period following the determination that the asset is no longer credit-impaired.3. 綜合財務報表之編製基準及重要會計政策 （續）3.2 重要會計政策 （續）金融工具 （續）金融資產 （續）金融資產的分類和其後計量 （續）(i) 攤銷成本及利息收入其後按攤銷成本計量的金融資產的利息收入採用實際利率法確認。利息收入按對金融資產的總賬面值應用實際利率的方式計算，惟其後出現信貸減值的金融資產除外。有關

1214、其後出現信貸減值的金融資產，利息收入自下個報告期起應用實際利率法於按攤銷成本列賬的金融資產確認。倘信貸減值金融工具的信貸風險得以改善，使金融資產不再信貸減值，則利息收入將透過於確定資產不再信貸減值後的報告期間開始起對金融資產賬面總值應用實際利率確認。Notes to the Consolidated Financial Statements綜合財務報表附註FOR THE YEAR ENDED 31 DECEMBER 2020 截至二零二零年十二月三十一日止年度Sunny Optical Technology (Group) Company Limited ANNUAL REPORT 20201

1215、743. BASIS OF PREPARATION OF CONSOLIDATED FINANCIAL STATEMENTS AND SIGNIFICANT ACCOUNTING POLICIES (Continued)3.2 Significant accounting policies (Continued)Financial instruments (Continued)Financial assets (Continued)Classification and subsequent measurement of financial assets (Continued)(ii) Equi

1216、ty instruments designated as at FVTOCIInvestments in equity instruments at FVTOCI are subsequently measured at fair value with gains and losses arising from changes in fair value recognised in other comprehensive income and accumulated in the FVTOCI reserve; and are not subject to impairment assessm

1217、ent. The cumulative gain or loss will not be reclassified to profit or loss on disposal of the equity investments, and will be transferred to retained profits.Dividends from these investments in equity instruments are recognised in profit or loss when the Groups right to receive the dividends is est

1218、ablished, unless the dividends clearly represent a recovery of part of the cost of the investment. Dividends are included in the “other income” line item in profit or loss.3. 綜合財務報表之編製基準及重要會計政策 （續）3.2 重要會計政策 （續）金融工具 （續）金融資產 （續）金融資產的分類和其後計量 （續）(ii) 指定按公允值計入其他全面收益列賬的權益工具按公允值計入其他全面收益之權益工具的投資其後按公允值計量，其公

1219、允值變動產生的收益及虧損於其他全面收益確認及於按公允值計入其他全面收益列賬的儲備累計；無須作減值評估。累計損益將不重新分類至出售股權投資之損益，並將轉移至保留盈利。當本集團有權收取股息時，該等來自於權益工具投資的股息於損益中確認，除非該等股息為收回部份投資成本。股息於損益中計入 其他收益 項目中。175FOR THE YEAR ENDED 31 DECEMBER 2020截至二零二零年十二月三十一日止年度Notes to the Consolidated Financial Statements綜合財務報表附註舜宇光學科技 （集團） 有限公司 2020 年報 1753. BASIS OF PR

1220、EPARATION OF CONSOLIDATED FINANCIAL STATEMENTS AND SIGNIFICANT ACCOUNTING POLICIES (Continued)3.2 Significant accounting policies (Continued)Financial instruments (Continued)Financial assets (Continued)Classification and subsequent measurement of financial assets (Continued)(iii) Financial assets at

1221、 FVTPLFinancial assets that do not meet the criteria for being measured at amortised cost or FVTOCI or designated as FVTOCI are measured at FVTPL.Financial assets at FVTPL are measured at fair value at the end of each reporting period, with any fair value gains or losses recognised in profit or loss

1222、. The net gain or loss recognised in profit or loss exclude any dividend or interest earned on the financial asset and is included in the “other gains and losses” line item.Impairment of financial assetsThe Group performs impairment assessment under ECL model on financial assets (including debt inst

1223、ruments at amortised cost, trade and other receivables, pledged bank deposits, times deposits, short term fixed deposits and bank balances) which are subject to impairment assessment under HKFRS 9. The amount of ECL is updated at each reporting date to reflect changes in credit risk since initial re

1224、cognition.3. 綜合財務報表之編製基準及重要會計政策 （續）3.2 重要會計政策 （續）金融工具 （續）金融資產 （續）金融資產的分類和其後計量 （續）(iii) 按公允值計入損益的金融資產金融資產如不符合按攤銷成本計量或按透過其他全面收益按公允值列賬計量或指定為按按公允值計入其他全面收益列賬的條件，則按公允值計入損益的方式計量。在各報告期末，按公允值計入損益的金融資產按公允值計量，而任何公允值收益或虧損則於損益中確認。於損益確認的收益或虧損淨額不包括金融資產賺取的任何股息或利息及計入 其他收益及虧損 項目下。金融資產減值本集團根據預期信貸虧損模型對金融資產 （包括按攤銷成本計量的債

1225、務工具、貿易及其他應收款項、已抵押銀行存款、定期存款、短期定期存款及銀行結餘） 進行減值評估，其須根據香港財務報告準則第9號進行減值評估。預期信貸虧損金額於各報告日期更新，以反映自初始確認起的信貸風險變動。Notes to the Consolidated Financial Statements綜合財務報表附註FOR THE YEAR ENDED 31 DECEMBER 2020 截至二零二零年十二月三十一日止年度Sunny Optical Technology (Group) Company Limited ANNUAL REPORT 20201763. BASIS OF PREPARAT

1226、ION OF CONSOLIDATED FINANCIAL STATEMENTS AND SIGNIFICANT ACCOUNTING POLICIES (Continued)3.2 Significant accounting policies (Continued)Financial instruments (Continued)Financial assets (Continued)Impairment of financial assets (Continued)Lifetime ECL represents the ECL that will result from all poss

1227、ible default events over the expected life of the relevant instrument. In contrast, 12-month ECL (“12m ECL”) represents the portion of lifetime ECL that is expected to result from default events that are possible within 12 months after the reporting date. Assessment are done based on the Groups hist

1228、orical credit loss experience, adjusted for factors that are specific to the debtors, general economic conditions and an assessment of both the current conditions at the reporting date as well as the forecast of future conditions.The Group always recognises lifetime ECL for trade receivables. The EC

1229、L on these assets are assessed individually for debtors credit-impaired and/or collectively using a provision matrix with appropriate groupings.For all other instruments, the Group measures the loss allowance equal to 12m ECL, unless when there has been a significant increase in credit risk since in

1230、itial recognition, in which case the Group recognises lifetime ECL. The assessment of whether lifetime ECL should be recognised is based on significant increases in the likelihood or risk of a default occurring since initial recognition.3. 綜合財務報表之編製基準及重要會計政策 （續）3.2 重要會計政策 （續）金融工具 （續）金融資產 （續）金融資產減值 （

1231、續）全期預期信貸虧損指於相關工具預期壽命內發生所有可能的違約事件而導致的預期信貸虧損。相反，12個月預期信貸虧損 （ 12個月預期信貸虧損 ）則指預期於報告日期後12個月內可能發生的違約事件而導致的部份全期預期信貸虧損。預期信貸虧損根據本集團過往信貸虧損經驗進行評估，並根據應收賬款特定因素、一般經濟狀況及於報告日期對當前狀況及未來狀況預測的評估而作出調整。本集團始終就貿易應收款項確認全期預期信貸虧損。該等資產的預期信貸虧損乃採用對已發生信貸減值的債務人個別計提及或採用具合適組別的撥備矩陣進行整體評估。有關所有其他工具，本集團以相等於12個月預期信貸虧損計量虧損撥備，除非自初步確認以來信貸風險曾

1232、大幅上升，則本集團確認全期預期信貸虧損。有關應否確認全期預期信貸虧損的評估乃基於自初步確認以來違約的可能性或風險大幅上升。177FOR THE YEAR ENDED 31 DECEMBER 2020截至二零二零年十二月三十一日止年度Notes to the Consolidated Financial Statements綜合財務報表附註舜宇光學科技 （集團） 有限公司 2020 年報 1773. BASIS OF PREPARATION OF CONSOLIDATED FINANCIAL STATEMENTS AND SIGNIFICANT ACCOUNTING POLICIES (Cont

1233、inued)3.2 Significant accounting policies (Continued)Financial instruments (Continued)Financial assets (Continued)Impairment of financial assets (Continued)(i) Significant increase in credit riskIn assessing whether the credit risk has increased significantly since initial recognition, the Group com

1234、pares the risk of a default occurring on the financial instrument as at the reporting date with the risk of a default occurring on the financial instrument as at the date of initial recognition. In making this assessment, the Group considers both quantitative and qualitative information that is reas

1235、onable and supportable, including historical experience and forward-looking information that is available without undue cost or effort.In particular, the following information is taken into account when assessing whether credit risk has increased significantly: an actual or expected significant dete

1236、rioration in the financial instruments external (if available) or internal credit rating; significant deterioration in external market indicators of credit risk, e.g. a significant increase in the credit spread, the credit default swap prices for the debtor; existing or forecast adverse changes in b

1237、usiness, financial or economic conditions that are expected to cause a significant decrease in the debtors ability to meet its debt obligations;3. 綜合財務報表之編製基準及重要會計政策 （續）3.2 重要會計政策 （續）金融工具 （續）金融資產 （續）金融資產減值 （續）(i) 信貸風險大幅上升於評估信貸風險自初步確認以來有否大幅上升時，本集團比較於報告日期的金融工具違約風險及初步確認日期的金融工具違約風險。作出評估時，本集團考慮合理且有可靠資料證明

1238、的定量和定性資料，包括過往經驗及無需付出過多成本或工作下可獲取的前瞻性資料。尤其，於評估信貸風險有否大幅上升時，將考慮以下資料： 金融工具的實際或預期外部（如有） 或內部信貸評級大幅下降； 外部市場信貸風險指標大幅下降 （例如信貸息差 （即債務人信貸違約掉期價格） 大幅上升） ； 預期現行或預測業務、金融或經濟狀況的不利變化導致債務人履行債務責任的能力大幅下降；Notes to the Consolidated Financial Statements綜合財務報表附註FOR THE YEAR ENDED 31 DECEMBER 2020 截至二零二零年十二月三十一日止年度Sunny Optic

1239、al Technology (Group) Company Limited ANNUAL REPORT 20201783. BASIS OF PREPARATION OF CONSOLIDATED FINANCIAL STATEMENTS AND SIGNIFICANT ACCOUNTING POLICIES (Continued)3.2 Significant accounting policies (Continued)Financial instruments (Continued)Financial assets (Continued)Impairment of financial a

1240、ssets (Continued)(i) Significant increase in credit risk (Continued) an actual or expected significant deterioration in the operating results of the debtor; or an actual or expected significant adverse change in the regulatory, economic, or technological environment of the debtor that results in a s

1241、ignificant decrease in the debtors ability to meet its debt obligations.Irrespective of the outcome of the above assessment, the Group presumes that the credit risk has increased significantly since initial recognition when contractual payments are more than 30 days past due, unless the Group has re

1242、asonable and supportable information that demonstrates otherwise.3. 綜合財務報表之編製基準及重要會計政策 （續）3.2 重要會計政策 （續）金融工具 （續）金融資產 （續）金融資產減值 （續）(i) 信貸風險大幅上升 （續） 債務人的實際或預期營運業績大幅下降；或 債務人法規上、經濟上或技術環境上的實際或預期重大不利變化導致債務人履行債務責任的能力大幅下降。不論上述評估結果如何，當合約款項逾期超30天時，本集團假設信貸風險自初步確認以來大幅上升，除非本集團有合理及有可靠資料證明的資料顯示情況並非如此。179FOR THE YE

1243、AR ENDED 31 DECEMBER 2020截至二零二零年十二月三十一日止年度Notes to the Consolidated Financial Statements綜合財務報表附註舜宇光學科技 （集團） 有限公司 2020 年報 1793. BASIS OF PREPARATION OF CONSOLIDATED FINANCIAL STATEMENTS AND SIGNIFICANT ACCOUNTING POLICIES (Continued)3.2 Significant accounting policies (Continued)Financial instruments

1244、 (Continued)Financial assets (Continued)Impairment of financial assets (Continued)(i) Significant increase in credit risk (Continued)Despite the aforegoing, the Group assumes that the credit risk on a debt instrument has not increased significantly since initial recognition if the debt instrument is

1245、 determined to have low credit risk at the reporting date. A debt instrument is determined to have low credit risk if i) it has a low risk of default, ii) the borrower has a strong capacity to meet its contractual cash flow obligations in the near term and iii) adverse changes in economic and busine

1246、ss conditions in the longer term may, but will not necessarily, reduce the ability of the borrower to fulfil its contractual cash flow obligations. The Group considers a debt instrument to have low credit risk when it has an internal or external credit rating of investment grade as per globally unde

1247、rstood definitions.The Group regularly monitors the effectiveness of the criteria used to identify whether there has been a significant increase in credit risk and revises them as appropriate to ensure that the criteria are capable of identifying significant increase in credit risk before the amount

1248、 becomes past due.3. 綜合財務報表之編製基準及重要會計政策 （續）3.2 重要會計政策 （續）金融工具 （續）金融資產 （續）金融資產減值 （續）(i) 信貸風險大幅上升 （續）儘管有上述規定，倘債務工具於報告日期釐定為低信貸風險，本集團假定該債務工具信貸風險自初步確認以來並無大幅上升。一項債務工具倘 i） 其違約風險低；ii)借款人有很強的能力在短期內履行其近期合約現金流量責任；及 iii） 經濟及業務狀況較長遠的不利變化， （但非必然會） 減低借款人履行其合約現金流量責任的能力，則將被釐定為低信貸風險。倘一項債務工具的內部或外部信貸評級為 投資評級（根據全球理解的定義）

1249、 ，本集團認為其信貸風險為低。本集團定期監察用以識別信貸風險有否大幅上升的標準的成效，並且適時作出修訂，以確保該標準能夠於有關款額逾期前識別信貸風險大幅上升。Notes to the Consolidated Financial Statements綜合財務報表附註FOR THE YEAR ENDED 31 DECEMBER 2020 截至二零二零年十二月三十一日止年度Sunny Optical Technology (Group) Company Limited ANNUAL REPORT 20201803. BASIS OF PREPARATION OF CONSOLIDATED FINA

1250、NCIAL STATEMENTS AND SIGNIFICANT ACCOUNTING POLICIES (Continued)3.2 Significant accounting policies (Continued)Financial instruments (Continued)Financial assets (Continued)Impairment of financial assets (Continued)(ii) Definition of defaultFor internal credit risk management, the Group considers an

1251、event of default occurs when information developed internally or obtained from external sources indicates that the debtor is unlikely to pay its creditors, including the Group, in full (without taking into account any collaterals held by the Group).Irrespective of the above, the Group considers that

1252、 default has occurred when a financial asset is more than 90 days past due unless the Group has reasonable and supportable information to demonstrate that a more lagging default criterion is more appropriate.(iii) Credit-impaired financial assetsA financial asset is credit-impaired when one or more

1253、events that have a detrimental impact on the estimated future cash flows of that financial asset have occurred. Evidence that a financial asset is credit-impaired includes observable data about the following events:(a) significant financial difficulty of the issuer or the borrower;(b) a breach of co

1254、ntract, such as a default or past due event;3. 綜合財務報表之編製基準及重要會計政策 （續）3.2 重要會計政策 （續）金融工具 （續）金融資產 （續）金融資產減值 （續）(ii) 違約的定義就內部信貸風險管理而言，本集團認為違約乃於內部建立或外部來源獲取的資料顯示債務人不大可能向債權人 （包括本集團） 全額結清欠款時發生 （並無考慮任何本集團持有的抵押品） 。不論上述情況如何，當金融資產逾期超過90天時，本集團即認為已發生違約，除非本集團有合理及可靠資料證明應採用更寬鬆的違約標準。(iii) 信貸減值的金融資產當一件或多件對一項金融資產估計未來現

1255、金流量產生不利影響的事件發生時，該金融資產則出現信貸減值。有關金融資產出現信貸減值的證據包括有關以下事項的可觀察數據：(a) 發行人或借款人出現重大財政困難；(b) 不履行債務或逾期支付等違約行為；181FOR THE YEAR ENDED 31 DECEMBER 2020截至二零二零年十二月三十一日止年度Notes to the Consolidated Financial Statements綜合財務報表附註舜宇光學科技 （集團） 有限公司 2020 年報 1813. BASIS OF PREPARATION OF CONSOLIDATED FINANCIAL STATEMENTS AND

1256、 SIGNIFICANT ACCOUNTING POLICIES (Continued)3.2 Significant accounting policies (Continued)Financial instruments (Continued)Financial assets (Continued)Impairment of financial assets (Continued)(iii) Credit-impaired financial assets (Continued)(c) the lender(s) of the borrower, for economic or contr

1257、actual reasons relating to the borrowers financial difficulty, having granted to the borrower a concession(s) that the lender(s) would not otherwise consider;(d) it is becoming probable that the borrower will enter bankruptcy or other financial reorganisation; or(e) the disappearance of an active ma

1258、rket for that financial asset because of financial difficulties.(iv) Write-off policyThe Group writes off a financial asset when there is information indicating that the counterparty is in severe financial difficulty and there is no realistic prospect of recovery, for example, when the counterparty

1259、has been placed under liquidation or has entered into bankruptcy proceedings. Financial assets written off may still be subject to enforcement activities under the Groups recovery procedures, taking into account legal advice where appropriate. A write-off constitutes a derecognition event. Any subse

1260、quent recoveries are recognised in profit or loss.3. 綜合財務報表之編製基準及重要會計政策 （續）3.2 重要會計政策 （續）金融工具 （續）金融資產 （續）金融資產減值 （續）(iii) 信貸減值的金融資產 （續）(c) 借款人的貸款人因有關借款人財務困難的經濟或合約原因，給予借款人在一般情況下不會考慮的優惠安排；(d) 借款人可能破產或面臨財務重組；或(e) 該金融資產的活躍市場因財務困難而消失。(iv) 撇銷政策倘有資料顯示交易對手處於嚴重財務困難及無實際期望可收回欠款，本集團則撇銷該金融資產 （例如於交易對手被清盤或進入破產程序時）

1261、。金融資產撇銷仍受限於本集團收回欠款程序下的執行活動，且在適當情況下將參考法律意見。撇銷構成一項終止確認事項，任何其後收回的欠款於損益內確認。Notes to the Consolidated Financial Statements綜合財務報表附註FOR THE YEAR ENDED 31 DECEMBER 2020 截至二零二零年十二月三十一日止年度Sunny Optical Technology (Group) Company Limited ANNUAL REPORT 20201823. BASIS OF PREPARATION OF CONSOLIDATED FINANCIAL ST

1262、ATEMENTS AND SIGNIFICANT ACCOUNTING POLICIES (Continued)3.2 Significant accounting policies (Continued)Financial instruments (Continued)Financial assets (Continued)Impairment of financial assets (Continued)(v) Measurement and recognition of ECLThe measurement of ECL is a function of the probability

1263、of default, loss given default (i.e. the magnitude of the loss if there is a default) and the exposure at default. The assessment of the probability of default and loss given default is based on historical data adjusted and forward-looking information. Estimation of ECL reflects an unbiased and prob

1264、ability-weighted amount that is determined with the respective risks of default occurring as the weights. The Group uses a practical expedient in estimating ECL on trade receivables using a provision matrix taking into consideration historical credit loss experience, adjusted for forward looking inf

1265、ormation that is available without undue cost or effort.Generally, the ECL is the difference between all contractual cash flows that are due to the Group in accordance with the contract and the cash flows that the Group expects to receive, discounted at the effective interest rate determined at init

1266、ial recognition.Lifetime ECL for certain trade receivables is considered on a collective basis taking into consideration past due information and relevant credit information such as forward looking macroeconomic information.3. 綜合財務報表之編製基準及重要會計政策 （續）3.2 重要會計政策 （續）金融工具 （續）金融資產 （續）金融資產減值 （續）(v) 預期信貸虧損的

1267、計量及確認計量預期信貸虧損時，會綜合考慮違約可能性、違約損失率 （即發生違約時的損失程度） 及違約風險承擔。違約可能性及違約損失率的評定乃基於經調整歷史數據及前瞻性資料。預期信貸虧損的估算乃公正及概率加權的數額，其按相應違約風險的權重釐定。本集團經考慮過往信貸虧損經驗後使用撥備矩陣並採用實際權益法估計貿易應收款項的預期信貸虧損，並按無需花費不必要成本或精力可取得的前瞻性資料調整。一般而言，預期信貸虧損估計為根據合約應付本集團的所有合約現金流量與本集團預期將收取的全部現金流量之間的差額，並按初步確認時釐定的實際利率貼現。若干貿易應收款項的全期預期信貸虧損經考慮過往逾期資料及前瞻性宏觀經濟資料等相

1268、關信貸資料按集體基準考慮。183FOR THE YEAR ENDED 31 DECEMBER 2020截至二零二零年十二月三十一日止年度Notes to the Consolidated Financial Statements綜合財務報表附註舜宇光學科技 （集團） 有限公司 2020 年報 1833. BASIS OF PREPARATION OF CONSOLIDATED FINANCIAL STATEMENTS AND SIGNIFICANT ACCOUNTING POLICIES (Continued)3.2 Significant accounting policies (Conti

1269、nued)Financial instruments (Continued)Financial assets (Continued)Impairment of financial assets (Continued)(v) Measurement and recognition of ECL (Continued)For collective assessment, the Group takes into consideration the following characteristics when formulating the grouping: Past-due status; Na

1270、ture, size and industry of debtors; and External credit ratings where available.The grouping is regularly reviewed by management to ensure the constituents of each group continue to share similar credit risk characteristics.Interest income is calculated based on the gross carrying amount of the fina

1271、ncial asset unless the financial asset is credit impaired, in which case interest income is calculated based on amortised cost of the financial asset.The Group recognises an impairment gain or loss in profit or loss for all financial instruments by adjusting their carrying amount, with the exception

1272、 of trade and other receivables where the corresponding adjustment is recognised through a loss allowance account.3. 綜合財務報表之編製基準及重要會計政策 （續）3.2 重要會計政策 （續）金融工具 （續）金融資產 （續）金融資產減值 （續）(v) 預期信貸虧損的計量及確認 （續）就集體評估而言，本集團訂立組別時考慮以下特徵： 逾期情況； 債務人的性質、規模和行業；及 外部信貸評級 （如有） 。管理層定期檢討分組方法，以確保每個分組的組成部份繼續具有類似的信貸風險特徵。利息收入基

1273、於金融資產的總賬面值計算，除非該金融資產出現信貸減值，在此情況下，利息收入根據金融資產的攤銷成本計算。本集團透過調整所有金融工具的賬面值於損益確認該等金融工具的減值收益或虧損，惟透過虧損撥備賬確認相關調整的貿易及其他應收款項例外。Notes to the Consolidated Financial Statements綜合財務報表附註FOR THE YEAR ENDED 31 DECEMBER 2020 截至二零二零年十二月三十一日止年度Sunny Optical Technology (Group) Company Limited ANNUAL REPORT 20201843. BASIS

1274、 OF PREPARATION OF CONSOLIDATED FINANCIAL STATEMENTS AND SIGNIFICANT ACCOUNTING POLICIES (Continued)3.2 Significant accounting policies (Continued)Financial instruments (Continued)Financial assets (Continued)Derecognition of financial assetsThe Group derecognises a financial asset only when the cont

1275、ractual rights to the cash flows from the asset expire, or when it transfers the financial asset and substantially all the risks and rewards of ownership of the asset to another entity.On derecognition of a financial asset measured at amortised cost, the difference between the assets carrying amount

1276、 and the sum of the consideration received and receivable is recognised in profit or loss.On derecognition of an investment in equity instrument which the Group has elected on initial recognition to measure at FVTOCI, the cumulative gain or loss previously accumulated in the FVTOCI reserve is not re

1277、classified to profit or loss, but is transferred to retained profits.Financial liabilities and equityClassification as debt or equityDebt and equity instruments are classified as either financial liabilities or as equity in accordance with the substance of the contractual arrangements and the defini

1278、tions of a financial liability and an equity instrument.3. 綜合財務報表之編製基準及重要會計政策 （續）3.2 重要會計政策 （續）金融工具 （續）金融資產 （續）終止確認金融資產本集團僅於資產產生的現金流量的合約權利到期時，或於其轉移金融資產並同時轉移持有該等資產絕大部份的風險及回報於另一實體時終止確認金融資產。於終止確認按攤銷成本計量的金融資產時，資產賬面值與已收及應收代價總額間的差額於損益中確認。於終止確認本集團選擇於初步確認時按公允值計入其他全面收益計量的權益工具投資時，先前於按公允值計入其他全面收益儲備累計的累計收益或虧損不會

1279、重新分類至損益，但會轉移至保留盈利。金融負債及權益分類為負債或權益債務及權益工具按合約安排的內容以及金融負債及權益工具的定義而分類為金融負債或權益。185FOR THE YEAR ENDED 31 DECEMBER 2020截至二零二零年十二月三十一日止年度Notes to the Consolidated Financial Statements綜合財務報表附註舜宇光學科技 （集團） 有限公司 2020 年報 1853. BASIS OF PREPARATION OF CONSOLIDATED FINANCIAL STATEMENTS AND SIGNIFICANT ACCOUNTING P

1280、OLICIES (Continued)3.2 Significant accounting policies (Continued)Financial instruments (Continued)Financial liabilities and equity (Continued)Equity instrumentAn equity instrument is any contract that evidences a residual interest in the assets of an entity after deducting all of its liabilities. E

1281、quity instruments issued by the Company are recognised at the proceeds received, net of direct issued costs.Repurchase of the Companys own equity instruments is recognised and deducted directly in equity. No gain or loss is recognised in profit or loss on the purchase, sale, issue or cancellation of

1282、 the Companys own equity instruments.Financial liabilitiesAll financial liabilities are subsequently measured at amortised cost using the effective interest method or at FVTPL.Financial liabilities at FVTPLFinancial liabilities are classified as at FVTPL when the financial liability is (i) contingen

1283、t consideration of an acquirer in a business combination to which HKFRS 3 applies, (ii) held for trading, or (iii) it is designated as at FVTPL.3. 綜合財務報表之編製基準及重要會計政策 （續）3.2 重要會計政策 （續）金融工具 （續）金融負債及權益 （續）權益工具權益工具乃證明實體於扣減所有負債的資產中擁有剩餘權益的任何合同。本公司所發行的權益工具乃按所收取的款項扣減直接發行成本確認。購回本公司本身的權益工具會直接於權益中確認及扣減。購入、出售、發

1284、行或註銷本公司本身的權益工具概不會於損益中確認收益或虧損。金融負債所有金融負債其後採用實際利率法按攤銷成本或按公允值計入損益計量。按公允值計入損益的金融負債當金融負債為(i)於香港財務報告準則第3號適用時由收購方支付作為業務合併一部份的或然代價；(ii)持作買賣；或(iii)指定為按公允值計入損益時，會分類為按公允值計入損益的金融負債。Notes to the Consolidated Financial Statements綜合財務報表附註FOR THE YEAR ENDED 31 DECEMBER 2020 截至二零二零年十二月三十一日止年度Sunny Optical Technology

1285、 (Group) Company Limited ANNUAL REPORT 20201863. BASIS OF PREPARATION OF CONSOLIDATED FINANCIAL STATEMENTS AND SIGNIFICANT ACCOUNTING POLICIES (Continued)3.2 Significant accounting policies (Continued)Financial instruments (Continued)Financial liabilities and equity (Continued)Financial liabilities

1286、at FVTPL (Continued)A financial liability is classified as held for trading if: it has been acquired principally for the purpose of repurchasing it in the near term; or on initial recognition it is part of a portfolio of identified financial instruments that the Group manages together and has a rece

1287、nt actual pattern of short-term profit-taking; or it is a derivative, except for a derivative that is a financial guarantee contract or a designated and effective hedging instrument.Financial liabilities at amortised costFinancial liabilities at amortised cost, including trade and other payables, am

1288、ounts due to related parties, bank borrowings, long term payables and bonds payable, are subsequently measured at amortised cost, using the effective interest method.Derecognition of financial liabilitiesThe Group derecognises financial liabilities when, and only when, the Groups obligations are dis

1289、charged, cancelled or have expired. The difference between the carrying amount of the financial liability derecognised and the consideration paid and payable is recognised in profit or loss.3. 綜合財務報表之編製基準及重要會計政策 （續）3.2 重要會計政策 （續）金融工具 （續）金融負債及權益 （續）按公允值計入損益的金融負債 （續）倘若出現下列情況，則金融負債將分類為持作買賣： 購入之主要目的為於不久

1290、將來購回；或 於初步確認時，其為本集團聯合管理之已識別金融工具組合之一部份，而近期實際具備短期獲利之模式；或 其為衍生工具 （作為金融擔保合約或指定及實際對沖工具之衍生工具除外） 。按攤銷成本計量的金融負債按攤銷成本計量的金融負債 （包括貿易及其他應付款項、應付關連人士款項、銀行借貸、長期應付款項及應付債券） 其後採用實際利率法按攤銷成本計量。終止確認金融負債本集團於 （及僅於） 本集團的責任獲解除、註銷或已屆滿時終止確認金融負債。終止確認的金融負債賬面值與已付及應付代價之差額於損益中確認。187FOR THE YEAR ENDED 31 DECEMBER 2020截至二零二零年十二月三十一日

1291、止年度Notes to the Consolidated Financial Statements綜合財務報表附註舜宇光學科技 （集團） 有限公司 2020 年報 1873. BASIS OF PREPARATION OF CONSOLIDATED FINANCIAL STATEMENTS AND SIGNIFICANT ACCOUNTING POLICIES (Continued)3.2 Significant accounting policies (Continued)Financial instruments (Continued)Derivative financial instru

1292、mentsDerivatives are initially recognised at fair value at the date when derivative contracts are entered into and are subsequently remeasured to their fair value at the end of the reporting period. The resulting gain or loss is recognised in profit or loss immediately.4. KEY SOURCES OF ESTIMATION U

1293、NCERTAINTYIn the application of the Groups accounting policies, which are described in note 3, the directors of the Company are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates

1294、and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.The estimates and underlying assumptions are reviewed on an on-going basis. Revisions to accounting estimates are recognised in the perio

1295、d in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.The following are the key assumptions concerning the future, and other key sources of estimation uncertainty at the

1296、 end of the reporting period that may have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.3. 綜合財務報表之編製基準及重要會計政策 （續）3.2 重要會計政策 （續）金融工具 （續）衍生金融工具衍生工具於衍生合約訂立日期初步按公允值確認，並於其後於報告期末重新計量至其公允值。所產生的收益或虧損即時於損益中確認。4. 估計不確定因素的主

1297、要來源於應用附註3所述本集團之會計政策時，本公司董事須就未能於其他來源取得之資產及負債賬面值作出判斷、估計及假設。該等估計及有關假設乃根據過往經驗及被視為相關之其他因素而作出。實際結果或有別於該等估計。估計及相關假設將受到持續檢討。倘會計估計修訂只影響該期間，則有關會計估計的修訂會在修訂估計期間確認，或倘有關修訂既影響當前及未來期間，則有關修訂會在修訂期間及未來期間確認。以下為於報告期末很可能導致下一個財政年度資產及負債賬面值出現重大調整的有關將來之主要假設及其他估計不確定因素的主要來源。Notes to the Consolidated Financial Statements綜合財務報表附

1298、註FOR THE YEAR ENDED 31 DECEMBER 2020 截至二零二零年十二月三十一日止年度Sunny Optical Technology (Group) Company Limited ANNUAL REPORT 20201884. KEY SOURCES OF ESTIMATION UNCERTAINTY (Continued)Assessment of the finite useful lives of intangible assetsThe Group estimates the useful lives of intangible assets based on

1299、 the expected lifespan of those patents. The intangible assets are amortised on a straight-line basis over the estimated useful lives after taking into account the estimated residual value, if any. The Group determines the estimated useful lives of intangible assets on initial recognition in order t

1300、o determine the amount of amortisation expense to be recorded during any reporting period. The useful lives are determined taking into the factors including the prevailing industry condition and the practice of intangible assets. The amortisation expense for future periods is adjusted if there are s

1301、ignificant changes from previous estimates. As at 31 December 2020, the carrying amount of intangible assets with finite useful lives is RMB363,137,000 (31 December 2019: RMB419,163,000) as disclosed in Note 17.Fair value measurement of financial instrumentsAs at 31 December 2020, certain of the Gro

1302、ups financial assets, including unlisted equity instruments, fund investments, unlisted financial products, derivatives financial assets amounting to RMB8,769,454,000 (2019: RMB5,902,639,000) and financial liabilities, including derivatives financial liabilities amounting to RMB106,670,000 (2019: RM

1303、B1,430,000) are measured at fair values. In estimating the fair value, the Group uses market-observable data to the extent it is available. When market observable data are not available, the Group uses valuation techniques that include inputs that are not based on observable market data to estimate

1304、the fair value of certain types of financial instruments. Note 36(c) provides detailed information about the valuation techniques, inputs and key assumptions used in the determination of the fair value of various financial assets and financial liabilities.4. 估計不確定因素的主要來源（續）無形資產之有限可使用年期的評估本集團根據有關專利的預

1305、期使用年限來估計無形資產的可使用年期。無形資產乃經計及預計殘值 （如有） 後，於其估計可使用年期內按直線法攤銷。本集團會於初步確認時釐定無形資產的估計可使用年期，以釐定於任何報告期內所須記錄的攤銷開支金額。可使用年期乃經計及無形資產的當前行業狀況及慣例等因素後釐定。倘以往估計出現重大變動，則將對未來期間的攤銷開支作出調整。如附註17所披露，於二零二零年十二月三十一日，具有限可使用年期之無形資產的賬面值為人民幣363,137,000元 （二零一九年十二月三十一日：人民幣419,163,000元） 。金融工具公允值計量於二零二零年十二月三十一日，若干本集團的金融資產，包括非上市權益工具、基金投資、

1306、非上市金融產品、衍生金融資產人民幣8,769,454,000元 （二零一九年：人民幣5,902,639,000元） 及金融負債 （包括衍生金融負債） 人民幣106,670,000元 （二零一九年：人民幣1,430,000元） 乃按公允值計量。估算公允值時，本集團在可用範圍內採用市場可觀察數據。倘市場可觀察數據無法獲得，本集團使用估值技術 （包括非根據於可觀察市場數據的輸入數據） 估計若干類型金融工具之公允值。附註36(c)載有有關釐定各項金融資產及金融負債公允值所使用的估值技術、輸入數據及主要假設之詳情。189FOR THE YEAR ENDED 31 DECEMBER 2020截至二零二零年

1307、十二月三十一日止年度Notes to the Consolidated Financial Statements綜合財務報表附註舜宇光學科技 （集團） 有限公司 2020 年報 1894. KEY SOURCES OF ESTIMATION UNCERTAINTY (Continued)Provision of ECL for trade receivablesThe Group uses provision matrix to calculate ECL for the trade receivables which are not credit-impaired. The provisio

1308、n matrix are based on debtors aging as groupings of various debtors that have similar loss patterns. The provision rate is based on the Groups historical observed default rates taking into consideration the forward-looking information that is reasonable and supportable available without undue costs

1309、or effort. At every reporting date, the historical observed default rates are reassessed and changes in the forward-looking information are considered. In addition, trade receivables with credit impaired are assessed for ECL individually.The provision of ECL is sensitive to changes in estimates. The

1310、 information about the ECL and the Groups trade receivables are disclosed in Note 36(b) and Note 25 respectively.Estimated impairment of associatesAs at 31 December 2020, in view of impairment indicators, the Group performed impairment assessment on an associate. Determining whether impairment loss

1311、should be recognised requires an estimation of the recoverable amount of the relevant associate which is the higher of value in use and fair value less costs of disposal. The value in use calculation requires the management of the Group to estimate the present value of the estimated cash flows expec

1312、ted to arise from dividends to be received from the associate and the proceeds from the ultimate disposal of the investment taking into account factors including discount rate, dividend payout rate, etc. In cases where the actual cash flows are less or more than expected, or change in facts and circ

1313、umstances which result in revision of future cash flows estimation, a material reversal or further recognition of impairment may arise, which would be recognised in profit or loss for the period in which such a reversal or further recognition takes place.For the year ended 31 December 2020, the impa

1314、irment loss of interest recognised in profit or loss was nil (2019: RMB62,866,000).4. 估計不確定因素的主要來源（續）貿易應收款項的預期信貸虧損撥備本集團使用撥備矩陣以計算並無出現信貸減值的貿易應收款項的預期信貸虧損。撥備矩陣乃基於債務人按各債務人類似虧損模式將其分組的賬齡。撥備率乃基於本集團過往觀察的逾期率，並考慮無需付出過多成本或工作即可取的合理及可支持的前瞻性資料。於每個報告日期，過往觀察的違約率會重新評估，並會考慮前瞻性資料的變動。此外，出現信貸減值的貿易應收款項的預期信貸虧損將獨立地評估。預期信貸虧損

1315、撥備對估算變動敏感。有關預期信貸虧損及本集團貿易應收款項的資料分別於附註36(b)及附註25披露。聯營公司估計減值於二零二零年十二月三十一日，由於存在減值跡象，本集團對一間聯營公司進行減值評估。釐定是否應確認減值虧損時，須估計相關聯營公司的可收回金額，為使用價值及公允值減出售成本之較高者。計算使用價值要求本集團管理層在估計預期產生自聯營公司應收股息及最終出售投資所得款項的估計現金流量的現值時，計及的因素包括貼現率、股息派付比率等。倘實際現金流量低於或高於預期，或事實及情況變動導致修訂未來現金流量估計，或會出現重大撥回或進一步確認減值，將在該撥回或進一步確認發生的期間內於損益內確認。截至二零二零

1316、九年十二月三十一日止年度，於損益內確認權益的減值虧損為零 （二零一九年：人民幣62,866,000元） 。Sunny Optical Technology (Group) Company Limited ANNUAL REPORT 2020190Notes to the Consolidated Financial Statements綜合財務報表附註FOR THE YEAR ENDED 31 DECEMBER 2020 截至二零二零年十二月三十一日止年度5. REVENUE(i) Disaggregation of revenue from contracts with customersF

1317、or the year ended 31 December 2020截至二零二零年十二月三十一日止年度OpticalComponentsOptoelectronicProductsOpticalInstruments光學零件光電產品光學儀器RMB000人民幣千元RMB000人民幣千元RMB000人民幣千元Types of goods 貨品種類Sales of optical and related components光學及相關零件銷售9,181,09728,494,260326,408Total 總額9,181,09728,494,260326,408Geographical markets

1318、 地區市場China 中國5,441,33425,899,773237,073Asia (except China) 亞洲 （中國除外）2,177,1652,492,90825,418Europe 歐洲939,20712,87314,014North America 北美洲603,90660,71848,518Others 其他19,48527,9881,385Total 總額9,181,09728,494,260326,408Timing of revenue recognition 確認收入的時間At a point in time 時點確認9,181,09728,494,260326,4

1319、085. 收入(i) 客戶合約收入的細分舜宇光學科技 （集團） 有限公司 2020 年報 191FOR THE YEAR ENDED 31 DECEMBER 2020 截至二零二零年十二月三十一日止年度Notes to the Consolidated Financial Statements綜合財務報表附註5. REVENUE (Continued)(i) Disaggregation of revenue from contracts with customers (Continued)For the year ended 31 December 2019截至二零一九年十二月三十一日止年度

1320、OpticalComponents光學零件OptoelectronicProducts光電產品OpticalInstruments光學儀器RMB000人民幣千元RMB000人民幣千元RMB000人民幣千元Types of goods 貨品種類Sales of optical and related components 光學及相關零件銷售8,815,38028,748,410284,914Total 總額8,815,38028,748,410284,914Geographical markets 地區市場China 中國4,459,95226,482,734187,297Asia (excep

1321、t China) 亞洲 （中國除外）2,852,1532,069,70934,445Europe 歐洲889,35120,36516,881North America 北美洲607,435113,99541,626Others 其他6,48961,6074,665Total 總額8,815,38028,748,410284,914Timing of revenue recognition 確認收入的時間At a point in time 時點確認8,815,38028,748,410284,914(ii) Performance obligations for contracts with

1322、customersThe Group sells optical and optical-related products directly to customers. For sales of optical components, optoelectronic products and optical instruments, revenue is recognised when control of the goods has transferred, being when customer acceptance has been obtained, which is the point

1323、 of time when the customer has the ability to direct the use of these products and obtain substantially all of the remaining benefits of these products. The credit term granted to customer is average 90 days.5. 收入 （續）(i) 客戶合約收入的細分 （續）(ii) 客戶合約的履約責任本集團直接向客戶銷售光學及光學相關產品。就光學零件、光電產品和光學儀器的銷售而言，收入於貨品的控制權轉移

1324、時，即取得客戶接受時確認，即客戶能夠控制貨品的使用及實質取得此等貨品的所有剩餘利益的時間點。給予客戶的信貸期平均為90天。Sunny Optical Technology (Group) Company Limited ANNUAL REPORT 2020192Notes to the Consolidated Financial Statements綜合財務報表附註FOR THE YEAR ENDED 31 DECEMBER 2020 截至二零二零年十二月三十一日止年度5. REVENUE (Continued)(iii) Transaction price allocated to the

1325、 remaining performance obligation for contracts with customersThe Groups contracts have an original expected duration of one year or less, as permitted under HKFRS 15, the transaction price allocated to the remaining performance obligations is not disclosed.6. OPERATING SEGMENTSInformation reported

1326、to the Board of Directors, being the chief operating decision maker, for the purpose of resource allocation and assessment of segment performance focuses on types of goods delivered because the management has chosen to organise the Group among different major products. No operating segments identifi

1327、ed by chief operating decision maker have been aggregated in arriving at the reportable segments of the Group.Specifically, the Groups operating segments under HKFRS 8 Operating Segments are as follows:1. Optical Components2. Optoelectronic Products3. Optical Instruments5. 收入 （續）(iii) 分配至客戶合約剩餘履約責任的

1328、交易價格本集團合約的初始預期期限為一年或更短，如香港財務報告準則第15號所允許，不披露分配予剩餘履約責任的交易價格。6. 營運分部就資源分配及分部表現評估向董事會 （即主要營運決策者） 所呈報的資料側重於交付產品之類型，因為管理層已選擇按不同主要產品組織本集團。於達致本集團的可報告分部時，主要營運決策者所得出的營運分部概無經合計。具體而言，根據香港財務報告準則第8號營運分部，本集團營運分部如下所示：1. 光學零件2. 光電產品3. 光學儀器舜宇光學科技 （集團） 有限公司 2020 年報 193FOR THE YEAR ENDED 31 DECEMBER 2020 截至二零二零年十二月三十一日

1329、止年度Notes to the Consolidated Financial Statements綜合財務報表附註6. OPERATING SEGMENTS (Continued)Segment revenues and resultsThe following is an analysis of the Groups revenue and results by operating and reportable segments.For the year ended 31 December 2020Optical ComponentsOptoelectronic ProductsOptica

1330、l InstrumentsSegment TotalEliminationsTotal光學零件光電產品光學儀器分部總額抵銷總額RMB000RMB000RMB000RMB000RMB000RMB000人民幣千元人民幣千元人民幣千元人民幣千元人民幣千元人民幣千元REVENUE 收入External sales 外部銷售9,181,09728,494,260326,40838,001,76538,001,765Inter-segment sales 分部間銷售2,324,54623,202115,2722,463,020(2,463,020)Total 總額11,505,64328,517,4624

1331、41,68040,464,785(2,463,020)38,001,765Segment profit 分部溢利3,086,7832,598,88265,8565,751,5215,751,521Share of results of associates分佔聯營公司業績20Unallocated income 未分配收入29,772Unallocated expenses 未分配開支(138,429)Profit before tax 除稅前溢利5,642,884For the year ended 31 December 2019Optical ComponentsOptoelectron

1332、ic ProductsOptical InstrumentsSegment TotalEliminationsTotal光學零件光電產品光學儀器分部總額抵銷總額RMB000RMB000RMB000RMB000RMB000RMB000人民幣千元人民幣千元人民幣千元人民幣千元人民幣千元人民幣千元REVENUE 收入External sales 外部銷售8,815,38028,748,410284,91437,848,70437,848,704Inter-segment sales 分部間銷售2,078,21321,338115,6542,215,205(2,215,205)Total 總額10,8

1333、93,59328,769,748400,56840,063,909(2,215,205)37,848,704Segment profit 分部溢利3,454,5351,316,31841,7624,812,6154,812,615Share of results of associates分佔聯營公司業績(5,501)Unallocated income 未分配收入22,211Unallocated expenses 未分配開支(278,985)Profit before tax 除稅前溢利4,550,3406. 營運分部 （續）分部收入及業績本集團按營運及可報告分部劃分的收入及業績分析如下。

1334、截至二零二零年十二月三十一日止年度截至二零一九年十二月三十一日止年度Sunny Optical Technology (Group) Company Limited ANNUAL REPORT 2020194Notes to the Consolidated Financial Statements綜合財務報表附註FOR THE YEAR ENDED 31 DECEMBER 2020 截至二零二零年十二月三十一日止年度6. OPERATING SEGMENTS (Continued)Segment revenues and results (Continued)Inter-segment sa

1335、les are charged at prevailing market rates.The accounting policies of the operating segments are the same as the Groups accounting policies described in Note 3. Segment profit represents the profit earned by each segment without allocation of central administration costs including directors salaries

1336、, other income, other gains and losses, share of results of associates and finance costs. There were asymmetrical allocations to operating segments because the Group allocates interest income, government grants, depreciation and amortisation and gain or loss on disposal of property, plant and equipm

1337、ent to each segment without allocating the related bank balances, deferred income, property, plant and equipment and intangible assets to those segments. This is the measure reported to the Board of Directors for the purposes of resource allocation and performance assessment.6. 營運分部 （續）分部收入及業績 （續）分部

1338、間銷售按現行市價入賬。營運分部的會計政策與附註3所述的本集團會計政策相同。分部溢利指由各分部所賺取的溢利，但並無攤分中央行政成本 （包括董事薪金、其他收益、其他收益及虧損、分佔聯營公司業績及融資成本） 。營運分部間存在不對稱分配，這是由於本集團在分配利息收入、政府補助金、折舊及攤銷以及出售物業、機器及設備收益或虧損至各分部時，並未向各分部分配相關銀行結餘、遞延收入、物業、機器及設備以及無形資產。此乃向董事會報告以作資源分配及表現評估的基準。舜宇光學科技 （集團） 有限公司 2020 年報 195FOR THE YEAR ENDED 31 DECEMBER 2020 截至二零二零年十二月三十一日

1339、止年度Notes to the Consolidated Financial Statements綜合財務報表附註6. OPERATING SEGMENTS (Continued)Segment assets and liabilitiesThe following is an analysis of the Groups assets and liabilities by operating and reportable segments:As at 31 December 2020OpticalComponentsOptoelectronicProductsOpticalInstrumen

1340、tsTotal光學零件光電產品光學儀器總額RMB000RMB000RMB000RMB000人民幣千元人民幣千元人民幣千元人民幣千元Assets 資產Trade receivables 貿易應收款項2,367,0134,368,88656,3446,792,243Bill receivables 應收票據658,22688,04110,263756,530Inventories 存貨1,559,6054,155,76567,7015,783,071Total segment assets 分部資產總值4,584,8448,612,692134,30813,331,844Unallocated a

1341、ssets 未分配資產22,106,271Consolidated assets 總資產35,438,115Liabilities 負債Trade payables 貿易應付款項2,318,3294,752,35388,6937,159,375Note payables應付票據135,0481,177,22023,7081,335,976Total segment liabilities 分部負債總額2,453,3775,929,573112,4018,495,351Unallocated liabilities 未分配負債10,116,647Consolidated liabilities

1342、總負債18,611,9986. 營運分部 （續）分部資產及負債集團按營運及可報告分部劃分的資產及負債分析如下：於二零二零年十二月三十一日Sunny Optical Technology (Group) Company Limited ANNUAL REPORT 2020196Notes to the Consolidated Financial Statements綜合財務報表附註FOR THE YEAR ENDED 31 DECEMBER 2020 截至二零二零年十二月三十一日止年度6. OPERATING SEGMENTS (Continued)Segment assets and lia

1343、bilities (Continued)As at 31 December 2019OpticalComponentsOptoelectronicProductsOpticalInstrumentsTotal光學零件光電產品光學儀器總額RMB000RMB000RMB000RMB000人民幣千元人民幣千元人民幣千元人民幣千元Assets 資產Trade receivables 貿易應收款項2,386,0695,934,13338,1018,358,303Bill receivables 應收票據512,442242,1413,728758,311Inventories 存貨1,048,0144,

1344、028,79469,1545,145,962Total segment assets 分部資產總額3,946,52510,205,068110,98314,262,576Unallocated assets 未分配資產16,430,495Consolidated assets 總資產30,693,071Liabilities 負債Trade payables 貿易應付款項1,858,6776,572,27173,5688,504,516Note payables 應付票據171,024938,78912,2231,122,036Total segment liabilities 分部負債總額2

1345、,029,7017,511,06085,7919,626,552Unallocated liabilities 未分配負債8,340,342Consolidated liabilities 總負債17,966,894For the purposes of monitoring segment performance and allocating resources between segments: Trade receivables, bill receivables and inventories are allocated to the respective operating and

1346、reportable segments. All other assets are unallocated assets, which are not regularly reported to the Board of Directors. Trade payables and note payables are allocated to the respective operating and reportable segments. All other liabilities are unallocated liabilities, which are not regularly rep

1347、orted to the Board of Directors.6. 營運分部 （續）分部資產及負債 （續）於二零一九年十二月三十一日為監察分部表現及在分部間分配資源： 貿易應收款項、應收票據及存貨均分配至相應的營運及可報告分部。所有其他資產都是指不定期向董事會報告的未分配資產。 貿易應付款項及應付票據分配至相應的營運及可報告分部。所有其他負債都是指不定期向董事會報告的未分配負債。舜宇光學科技 （集團） 有限公司 2020 年報 197FOR THE YEAR ENDED 31 DECEMBER 2020 截至二零二零年十二月三十一日止年度Notes to the Consolidated F

1348、inancial Statements綜合財務報表附註6. OPERATING SEGMENTS (Continued)Other segment informationFor the year ended 31 December 2020OpticalComponentsOptoelectronicProductsOpticalInstrumentsUnallocatedConsolidatedtotal光學零件光電產品光學儀器未分配綜合總額RMB000RMB000RMB000RMB000RMB000人民幣千元人民幣千元人民幣千元人民幣千元人民幣千元Amounts included in t

1349、he measure of segment profit or loss: 計量分部損益時計入的款額：Depreciation and amortisation 折舊及攤銷792,709812,37720,6822,5171,628,285Impairment losses on trade receivables reversed in profit or loss於損益中撥回的貿易應收款項減值虧損(6,320)(4,658)(1,240)(12,218)Loss (gain) on disposal of property, plant and equipment and land use

1350、 right出售物業、機器及設備及土地使用權虧損 （收益）2,4088,755(7)11,156Share award scheme expense 股份獎勵計劃支出77,36954,87414,7474,821151,811Interest income from bank and financial instruments銀行及金融工具利息收入(19,672)(233,447)(5,876)(12,612)(271,607)Allowance for inventories 存貨撥備22,657218,3674,650245,674Amounts regularly provided to

1351、 the chief operating decision maker but not included in the measure of segment assets:已定期向主要營運決策者提供但未計入 分部資產計量的款額：Addition to property, plant and equipment物業、機器及設備增加1,597,434930,9889,229642,537,7156. 營運分部 （續）其他分部資料截至二零二零年十二月三十一日止年度Sunny Optical Technology (Group) Company Limited ANNUAL REPORT 202019

1352、8Notes to the Consolidated Financial Statements綜合財務報表附註FOR THE YEAR ENDED 31 DECEMBER 2020 截至二零二零年十二月三十一日止年度6. OPERATING SEGMENTS (Continued)Other segment information (Continued)For the year ended 31 December 2019OpticalComponentsOptoelectronicProductsOpticalInstrumentsUnallocatedConsolidatedtotal光學

1353、零件光電產品光學儀器未分配綜合總額RMB000RMB000RMB000RMB000RMB000人民幣千元人民幣千元人民幣千元人民幣千元人民幣千元Amounts included in the measure of segment profit or loss: 計量分部損益時計入的款額：Depreciation and amortisation 折舊及攤銷576,549683,62316,5861,1201,277,878Impairment losses on trade receivables recognised in profit or loss於損益中確認的貿易應收款項減值虧損8,7

1354、901,21289710,899(Gain) loss on disposal of property, plant and equipment and land use right出售物業、機器及設備及土地使用權 （收益） 虧損(945)45,7241417944,972Share award scheme expense 股份獎勵計劃支出64,97341,88712,4534,495123,808Interest income from bank and financial instruments銀行及金融工具利息收入(16,197)(194,004)(1,030)(17,254)(228

1355、,485)Allowance for inventories 存貨撥備69,64884,922918155,488Amounts regularly provided to the chief operating decision maker but not included in the measure of segment assets:已定期向主要營運決策者提供但未計入 分部資產計量的款額：Addition to property, plant and equipment物業、機器及設備增加1,763,5771,466,41611,7221873,241,9026. 營運分部 （續）其他

1356、分部資料 （續）截至二零一九年十二月三十一日止年度舜宇光學科技 （集團） 有限公司 2020 年報 199FOR THE YEAR ENDED 31 DECEMBER 2020 截至二零二零年十二月三十一日止年度Notes to the Consolidated Financial Statements綜合財務報表附註6. OPERATING SEGMENTS (Continued)Revenue from major productsThe following is an analysis of the Groups revenue from its major products:20202

1357、019二零二零年二零一九年RMB000RMB000人民幣千元人民幣千元Mobile phone related products 移動電話相關產品32,119,02732,773,687Other lens sets 其他鏡頭2,709,4192,314,477Digital camera related products 數碼相機相關產品592,186744,788Optical instruments 光學儀器204,974192,682Other spherical lens and plane products 其他球面鏡片及平面產品164,946182,883Digital vide

1358、o lens 數碼視頻鏡頭29,42398,846Other products 其他產品2,181,7901,541,341 38,001,76537,848,704 Geographical informationThe Groups operations are mainly located in the PRC, Vietnam, Korea, Japan, India and the United States.The Groups revenue from continuing operations from external customers is presented based

1359、 on the locations of goods physically delivered and information about the Groups non-current assets by the geographical location of the assets are detailed below:6. 營運分部 （續）主要產品收入以下為本集團來自主要產品的收入分析：地區資料本集團的業務主要位於中國、越南、韓國、日本、印度及美國。按實際交付貨物地點所示的來自外部客戶的本集團之持續營運收入及按資產地理位置劃分的本集團非流動資產的資料詳述如下：Sunny Optical T

1360、echnology (Group) Company Limited ANNUAL REPORT 2020200Notes to the Consolidated Financial Statements綜合財務報表附註FOR THE YEAR ENDED 31 DECEMBER 2020 截至二零二零年十二月三十一日止年度6. OPERATING SEGMENTS (Continued)Geographical information (Continued)Revenue from external customersNon-current assets來自外部客戶的收入非流動資產202020

1361、1931/12/202031/12/2019二零二零年二零一九年二零二零年十二月三十一日二零一九年十二月三十一日RMB000RMB000RMB000RMB000人民幣千元人民幣千元人民幣千元人民幣千元China 中國31,578,18031,129,9838,516,3767,696,674Asia (except China) 亞洲 （中國除外）4,695,4914,956,307238,32477,251Europe 歐洲966,094926,597179227North America 北美洲713,142763,0561,44923Others 其他48,85872,76138,001

1362、,76537,848,7048,756,3287,774,175Note: Non-current assets excluded interests in associates, deferred tax assets, financial assets at FVTPL, equity instruments at FVTOCI, debt instruments at amortised cost, derivative financial assets, time deposits and goodwill.Information about major customersRevenu

1363、es from the following customers contributed over 10% of the total sales of the Group:20202019二零二零年二零一九年RMB000RMB000人民幣千元人民幣千元Customer A, revenue mainly from Optoelectronic and related ProductsA客戶，主要來自光電及相關產品的收入10,064,27014,647,914Customer B, revenue mainly from Optoelectronic and related ProductsB客戶

1364、，主要來自光電及相關產品的收入8,881,5394,243,6176. 營運分部 （續）地區資料 （續）附註： 非流動資產不包括於聯營公司的權益、遞延稅項資產、按公允值計入損益的金融資產、按公允值計入其他全面收益的權益工具、按攤銷成本計量的債務工具、衍生金融資產、定期存款及商譽。主要客戶資料來自以下客戶的收入佔本集團銷售總額之比重超過10%：舜宇光學科技 （集團） 有限公司 2020 年報 201FOR THE YEAR ENDED 31 DECEMBER 2020 截至二零二零年十二月三十一日止年度Notes to the Consolidated Financial Statements綜

1365、合財務報表附註7(a). OTHER INCOME20202019二零二零年二零一九年RMB000RMB000人民幣千元人民幣千元Government grants (Note 32) 政府補助金 （附註32）141,810113,148Interest income from time deposits, short term fixed deposits, pledged bank deposits and bank balances 定期存款、短期定期存款、已抵押銀行存款及銀行結餘利息收入47,23028,516Interest income from debt instruments

1366、債務工具利息收入9,33510,138Investment income from unlisted financial products at FVTPL按公允值計入損益的非上市金融產品投資收入215,042189,831Interest income from small loan services 小額貸款服務利息收入7,0496,575Income from sales of moulds 銷售模具收入24,14811,211Income from sales of scrap materials 銷售廢料收入24,34416,462Rental income 租金收入15,66510

1367、,131Others 其他25,76719,490 Total 總額510,390405,502 7(a). 其他收益Sunny Optical Technology (Group) Company Limited ANNUAL REPORT 2020202Notes to the Consolidated Financial Statements綜合財務報表附註FOR THE YEAR ENDED 31 DECEMBER 2020 截至二零二零年十二月三十一日止年度7(b). OTHER GAINS AND LOSSES20202019二零二零年二零一九年RMB000RMB000人民幣千元人

1368、民幣千元Loss on disposal of property, plant and equipment出售物業、機器及設備的虧損(11,156)(44,972)Loss on deemed disposal of interest in an associate視作出售一間聯營公司權益而產生的虧損(5,691)Loss on disposal of a subsidiary 出售附屬公司的虧損(1,673)Net foreign exchange gain (loss) 外匯收益 （虧損） 淨額225,506(118,707)Loss on changes in fair value of

1369、 derivative financial instruments, net衍生金融工具公允值變動產生的虧損淨額(111,002)(17,723)Gain on changes in fair value of equity instruments at FVTPL按公允值計入損益的權益工具公允值變動產生的收益32,7736,949Gain on changes in fair value of debt instruments and fund investments at FVTPL按公允值計入損益的債務工具及基金投資公允值變動產生的收益53,47041,552Impairment los

1370、s of interest in an associate 於一間聯營公司權益的減值虧損(62,866)Others 其他(661)843 Total 總額187,257(200,615) 8. FINANCE COSTS20202019二零二零年二零一九年RMB000RMB000人民幣千元人民幣千元Interests on bank borrowings 銀行借貸利息54,73771,451Interests on bonds payable 應付債券利息164,282163,938Interest on long term payables related to intangible as

1371、sets與無形資產有關的長期應付款項利息7,1588,095Interest on lease liabilities 租賃負債利息7,5636,954 Total 總額233,740250,438 7(b). 其他收益及虧損8. 融資成本舜宇光學科技 （集團） 有限公司 2020 年報 203FOR THE YEAR ENDED 31 DECEMBER 2020 截至二零二零年十二月三十一日止年度Notes to the Consolidated Financial Statements綜合財務報表附註9. INCOME TAX EXPENSE20202019二零二零年二零一九年RMB000

1372、RMB000人民幣千元人民幣千元Current tax: 即期稅項： PRC Enterprise Income Tax 中國企業所得稅540,600328,747 Withholding tax expense 預繳稅開支24,00041,695 Other jurisdictions 其他管轄區18,0755,393 582,675375,835 Over provision in prior years: 過往年度超額撥備： PRC Enterprises Income Tax 中國企業所得稅(4,515)(24,135) Deferred tax (Note 19): 遞延稅項 （附註

1373、19） Current year 本年度124,470179,265 702,630530,965 Under the Law of the PRC Enterprise Income Tax (the “EIT Law”) and Implementation Regulation of the EIT Law, the tax rate of the PRC subsidiaries is 25% from 1 January 2008 onwards, except as described below:(i) Ningbo Sunny Infrared Technologies Co.

1374、, Ltd. (“Sunny Infrared Optics”) and Yuyao Sunny Optical Intelligence Technology Co., Ltd. (“Sunny Optical Intelligence (Yuyao)”), domestic limited liability companies, were approved as Hi-Tech Enterprise and entitled to a preferential tax rate of 15% with the expiry date on 31 December 2021.(ii) Ni

1375、ngbo Sunny Opotech Co., Ltd. (“Sunny Opotech”), Ningbo Sunny Automotive Optech Co., Ltd. (“Sunny Automotive Optech”), Sunny Optics (Zhongshan) Co., Ltd. (“Sunny Zhongshan Optics”), Ningbo Sunny Instruments Co., Ltd. (“Sunny Instruments”), Sunny Optical (Zhejiang) Research Institute Co., Ltd. (“Sunny

1376、 Research Institute”) and Zhejiang Sunny SmartLead Technologies Co.,Ltd. (“Sunny SmartLead”), domestic limited liability companies, were approved as Hi-Tech Enterprises and entitled to a preferential tax rate of 15% with the expiry date on 31 December 2022.9. 所得稅開支根據中國企業所得稅法 （ 企業所得稅法 ）及企業所得稅法實施條例，中國

1377、附屬公司適用的稅率自二零零八年一月一日起為25%，惟下述者除外：(i) 寧波舜宇紅外技術有限公司 （ 舜宇紅外光學 ） 及餘姚舜宇智能光學技術有限公司 （ 舜宇智能光學 （餘姚） ） 均為內資有限責任公司，並獲認可為高新技術企業，有權享受15%的優惠稅率，於二零二一年十二月三十一日屆滿。(ii) 寧波舜宇光電信息有限公司 （ 舜宇光電 ） 、寧波舜宇車載光學技術有限公司 （ 舜宇車載光學 ） 、舜宇光學 （中山） 有限公司 （ 舜宇中山光學 ） 、寧波舜宇儀器有限公司 （ 舜宇儀器 ） 、舜宇光學 （浙江） 研究院有限公司 （ 舜宇研究院 ） 及浙江舜宇智領技術有限公司 （ 舜宇智領技術 ）

1378、均為內資有限責任公司，並獲認可為高新技術企業，有權享受15%的優惠稅率，於二零二二年十二月三十一日屆滿。Sunny Optical Technology (Group) Company Limited ANNUAL REPORT 2020204Notes to the Consolidated Financial Statements綜合財務報表附註FOR THE YEAR ENDED 31 DECEMBER 2020 截至二零二零年十二月三十一日止年度9. INCOME TAX EXPENSE (Continued)(iii) Zhejiang Sunny Optics Co., Ltd.

1379、(“Sunny Zhejiang Optics”) and Xinyang Sunny Optics Co., Ltd. (“Sunny Xinyang Optics”), domestic limited liability companies, were approved as Hi-Tech Enterprise and entitled to a preferential tax rate of 15% with the expiry date on 31 December 2020.(iv) Zhejiang Sunny Optical Intelligence Technology

1380、 Co., Ltd. (“Sunny Optical Intelligence”), a domestic limited liability company, was recognised as Software Enterprise and entitled preferential policies of exemption from enterprise income taxation for the first two years till 31 December 2018 and reduction half for the subsequent three years till

1381、31 December 2021.Taxation arising in other jurisdictions is calculated at the rates prevailing in the relevant jurisdictions.9. 所得稅開支 （續）(iii) 浙江舜宇光學有限公司 （ 舜宇浙江光學 ） 及信陽舜宇光學有限公司 （ 舜宇信陽光學 ） 為內資有限責任公司，並獲認可為高新技術企業，有權享受15%的優惠稅率，於二零二零年十二月三十一日屆滿。(iv) 浙江舜宇智能光學技術有限公司 （ 舜宇智能光學 ） 為內資有限責任公司，並獲認可為軟件企業，可於首兩年直至二零一

1382、八年十二月三十一日享受豁免企業所得稅的優惠政策，以及於其後三年直至二零二一年十二月三十一日享受半額稅項優惠。其他管轄區的稅項按相關管轄區的現行適用稅率計算。舜宇光學科技 （集團） 有限公司 2020 年報 205FOR THE YEAR ENDED 31 DECEMBER 2020 截至二零二零年十二月三十一日止年度Notes to the Consolidated Financial Statements綜合財務報表附註9. INCOME TAX EXPENSE (Continued)The tax charge for the year can be reconciled to the p

1383、rofit before tax per the consolidated statement of profit or loss and other comprehensive income as follows:20202019二零二零年二零一九年RMB000RMB000人民幣千元人民幣千元Profit before tax 除稅前溢利5,642,8844,550,340 Tax at the PRC EIT tax rate of 25% 按中國企業所得稅稅率25%徵稅1,410,7211,137,585Tax effect of share of results of associat

1384、es 分佔聯營公司業績之稅務影響(5)1,375Tax effect of expenses not deductible for tax purpose不可扣稅開支之稅務影響5,79317,825Tax effect of allowance granted under share award scheme in the PRC根據股份獎勵計劃在中國授出股份的稅務影響(14,437)(24,447)Tax effect of preferential tax rates for certain subsidiaries (Note a)若干附屬公司稅率優惠之稅務影響 （附註a）(372,94

1385、2)(308,517)Tax effect of additional tax deduction of research and development expenses (Note b)研發開支額外稅項扣減之稅務影響 （附註b）(385,378)(333,245)Tax effect of tax losses not recognised 未確認稅項虧損之稅務影響28,31534,781Utilisation of tax losses not previously recognised動用先前未確認稅項虧損(8,991)(52,867)Deferred tax provided for

1386、 withholding tax on income derived in the PRC就來自中國收入預繳稅而撥備的遞延稅項49,20581,368Tax effect of different tax rates of subsidiaries operating in other jurisdictions於其他管轄區經營的附屬公司的不同稅率之稅務影響(5,136)1,242Over provision in prior years 過往年度超額撥備(4,515)(24,135) Income tax expense for the year 年內所得稅開支702,630530,965

1387、Details of deferred taxation and unrecognised temporary difference are disclosed in Note 19.Notes:(a) For the PRC subsidiaries which were approved as Hi-Tech Enterprises or Software Enterprise, they are entitled to a preferential tax rate of 15% or preferential policies of exemption from or half red

1388、uction of enterprise income tax.(b) In August 2018, a new notice with the name of Caishui 2018 No. 99 “Notice on Increasing the Pre-tax Deduction Ratio of Research and Development Expenses” was released, according to which certain PRC subsidiaries are entitled to an additional 75% tax deduction on e

1389、ligible research and development expenses incurred by them for the both years ended 31 December 2020 and 2019.9. 所得稅開支 （續）年內的稅項支出與綜合損益及其他全面收益表所列除稅前溢利對賬如下：遞延稅項及未確認暫時差額的詳情於附註19披露。附註：(a) 就獲認可為高新技術企業或軟件企業的中國附屬公司而言，其有權享受15%的優惠稅率或豁免或減半企業所得稅的優惠政策。(b) 於二零一八年八月，一項名為財稅201899號文的新通知 關於提高研究開發費用稅前加計扣除比例的通知 發佈，根據此

1390、通知，若干中國附屬公司就截至二零二零年及二零一九年十二月三十一日止兩個年度產生的符合條件的研發開支享有額外75%的稅費減免。Sunny Optical Technology (Group) Company Limited ANNUAL REPORT 2020206Notes to the Consolidated Financial Statements綜合財務報表附註FOR THE YEAR ENDED 31 DECEMBER 2020 截至二零二零年十二月三十一日止年度10. PROFIT FOR THE YEARProfit for the year has been arrived a

1391、t after charging:20202019二零二零年二零一九年RMB000RMB000人民幣千元人民幣千元Directors emoluments (Note 13) 董事酬金 （附註13）16,16914,508Other staffs salaries and allowances 其他員工的薪金及津貼1,963,3131,583,196Other staffs discretionary bonuses 其他員工的酌情花紅474,763455,846Other staffs contribution to retirement benefit scheme其他員工的退休福利計劃供

1392、款219,448191,075Other staffs share award scheme expense 其他員工的股份獎勵計劃支出142,279115,6082,815,9722,360,233Cost of inventories recognised as an expense 確認為開支的存貨成本24,741,67525,816,826Auditors remuneration 核數師酬金4,2093,542Depreciation of property, plant and equipment 物業、機器及設備折舊1,513,4071,171,430Depreciation o

1393、f investment properties 投資物業折舊4,3914,391Depreciation of right-of-use assets 使用權資產折舊54,28546,499Amortisation of intangible assets 無形資產攤銷56,20255,558Allowance for inventories (included in cost of sales) 存貨撥備 （包括於銷售成本）245,674155,48810. 年內溢利年內溢利已扣除以下各項：舜宇光學科技 （集團） 有限公司 2020 年報 207FOR THE YEAR ENDED 31 D

1394、ECEMBER 2020 截至二零二零年十二月三十一日止年度Notes to the Consolidated Financial Statements綜合財務報表附註11. DIVIDENDS20202019二零二零年二零一九年RMB000RMB000人民幣千元人民幣千元Dividends for ordinary shareholders of the Company recognised as distribution during the year:年內確認為分派的本公司普通股東的股息： 2019 final dividends RMB72.80 cents (2019: 2018 f

1395、inal dividends RMB56.80 cents) per share 二零一九年末期股息每股人民幣72.80分 （二零一九年：二零一八年末期股息每股人民幣56.80分）798,507623,011Subsequent to the end of the reporting period, a final dividend in respect of the year ended 31 December 2020 of approximately RMB88.80 cents per share, equivalent to Hong Kong Dollar (“HK$” or “H

1396、KD”) 105.70 cents per share, amounting to a total of approximately RMB974,003,000 (2019: approximately RMB72.80 cents per share, equivalent to HK$81.00 cents per share, amounting to a total of approximately RMB798,507,000) has been proposed by the directors of the Company and is subject to approval

1397、by the shareholders in the forthcoming annual general meeting. The final dividends proposed after the end of reporting period has not been recognised as a liability at the end of reporting period.11. 股息於報告期末後，本公司董事建議派付每股約人民幣88.80分 （相等於每股105.70港仙） ，合共約人民幣974,003,000元 （二零一九年：每股約人民幣72.80 分 （相等於每股 81.00

1398、 港仙） ，合共約人民幣798,507,000元） 的截至二零二零年十二月三十一日止年度末期股息，惟須獲股東於應屆股東週年大會上批准。建議於報告期末後派付的末期股息並未於報告期末確認為負債。Sunny Optical Technology (Group) Company Limited ANNUAL REPORT 2020208Notes to the Consolidated Financial Statements綜合財務報表附註FOR THE YEAR ENDED 31 DECEMBER 2020 截至二零二零年十二月三十一日止年度12. EARNINGS PER SHAREThe ca

1399、lculation of the basic and diluted earnings per share attributable to owners of the Company is based on the following data:20202019二零二零年二零一九年RMB000RMB000人民幣千元人民幣千元Earnings 盈利Earnings for the purpose of basic and diluted earnings per share計算每股基本及攤薄盈利的盈利4,871,7933,991,298 20202019二零二零年二零一九年000000千股千股N

1400、umber of shares 股份數目Weighted average number of ordinary shares for the purpose of basic earnings per share (Note)計算每股基本盈利的普通股加權平均數 （附註）1,092,8701,094,079Effect of dilutive potential ordinary shares: 潛在攤薄普通股的影響： Restricted Shares 限制性股份1,5781,873 Weighted average number of ordinary shares for the purp

1401、ose of diluted earnings per share計算每股攤薄盈利的普通股加權平均數1,094,4481,095,952 Note: The weighted average number of ordinary shares has been calculated taking into account the shares held by the Group under share award scheme.12. 每股盈利本公司股東應佔每股基本及攤薄盈利乃根據以下數據計算附註： 加權平均普通股份數目計算已考慮股份獎勵計劃下本集團持有的股份。舜宇光學科技 （集團） 有限公司

1402、 2020 年報 209FOR THE YEAR ENDED 31 DECEMBER 2020 截至二零二零年十二月三十一日止年度Notes to the Consolidated Financial Statements綜合財務報表附註13. DIRECTORS, CHIEF EXECUTIVES AND FIVE HIGHEST PAID EMPLOYEES EMOLUMENTSDirectors and executives remuneration, disclosed pursuant to the applicable Listing Rules and Companies Ord

1403、inance, is as follows:For the year ended 31 December 2020Salaries and other benefitsBonusRetirement benefit schemecontributionsShareawardTotal2020薪金及其他福利花紅退休福利計劃供款股份獎勵二零二零年總額RMB000RMB000RMB000RMB000RMB000人民幣千元人民幣千元人民幣千元人民幣千元人民幣千元(Note)（附註）A) EXECUTIVE DIRECTORS執行董事Ye Liaoning 葉遼寧1,120547732,3834,123

1404、Sun Yang 孫泱942596432,3833,964Wang Wenjie 王文杰793547572,3833,780Sub-total 小計2,8551,6901737,14911,867Salaries and other benefitsBonusRetirementbenefit schemecontributionsShareawardTotal2020薪金及其他福利花紅退休福利計劃供款股份獎勵二零二零年總額RMB000RMB000RMB000RMB000RMB000人民幣千元人民幣千元人民幣千元人民幣千元人民幣千元(Note)（附註）B) NON-EXECUTIVE DIRE

1405、CTOR非執行董事Wang Wenjian 王文鑒1,1205472,3834,050 13. 董事、主要行政人員及五名最高薪酬僱員酬金董事及行政人員酬金按適用上市規則及公司條例披露如下：截至二零二零年十二月三十一日止年度Sunny Optical Technology (Group) Company Limited ANNUAL REPORT 2020210Notes to the Consolidated Financial Statements綜合財務報表附註FOR THE YEAR ENDED 31 DECEMBER 2020 截至二零二零年十二月三十一日止年度13. DIRECTOR

1406、S, CHIEF EXECUTIVES AND FIVE HIGHEST PAID EMPLOYEES EMOLUMENTS (Continued)Salaries and other benefitsBonusRetirement benefit scheme contributionsShare awardTotal 2020薪金及其他福利花紅退休福利計劃供款股份獎勵二零二零年總額RMB000RMB000RMB000RMB000RMB000人民幣千元人民幣千元人民幣千元人民幣千元人民幣千元C) INDEPENDENT NON-EXECUTIVE DIRECTORS獨立非執行董事Zhang

1407、Yuqing 張余慶8484Feng Hua Jun 馮華君8484Shao Yang Dong 邵仰東8484 Sub-total 小計252252 Total 總額16,169 13. 董事、主要行政人員及五名最高薪酬僱員酬金 （續）舜宇光學科技 （集團） 有限公司 2020 年報 211FOR THE YEAR ENDED 31 DECEMBER 2020 截至二零二零年十二月三十一日止年度Notes to the Consolidated Financial Statements綜合財務報表附註13. DIRECTORS, CHIEF EXECUTIVES AND FIVE HIGHE

1408、ST PAID EMPLOYEES EMOLUMENTS (Continued)For the year ended 31 December 2019Salaries and other benefitsBonusRetirementbenefit schemecontributionsShareawardTotal2019薪金及其他福利花紅退休福利計劃供款股份獎勵二零一九年總額RMB000RMB000RMB000RMB000RMB000人民幣千元人民幣千元人民幣千元人民幣千元人民幣千元(Note)（附註）A) EXECUTIVE DIRECTORS執行董事Ye Liaoning 葉遼寧1,1

1409、20389702,0503,629Sun Yang 孫泱942564432,0503,599Wang Wenjie 王文杰793552562,0503,451Sub-total 小計2,8551,5051696,15010,679Salaries and other benefitsBonusRetirement benefit scheme contributionsShare awardTotal 2019薪金及其他福利花紅退休福利計劃供款股份獎勵二零一九年總額RMB000RMB000RMB000RMB000RMB000人民幣千元人民幣千元人民幣千元人民幣千元人民幣千元(Note)（附註）

1410、B) NON-EXECUTIVE DIRECTOR非執行董事Wang Wenjian 王文鑒1,1203892,0503,55913. 董事、主要行政人員及五名最高薪酬僱員酬金 （續）截至二零一九年十二月三十一日止年度Sunny Optical Technology (Group) Company Limited ANNUAL REPORT 2020212Notes to the Consolidated Financial Statements綜合財務報表附註FOR THE YEAR ENDED 31 DECEMBER 2020 截至二零二零年十二月三十一日止年度13. DIRECTORS,

1411、 CHIEF EXECUTIVES AND FIVE HIGHEST PAID EMPLOYEES EMOLUMENTS (Continued)Salaries and other benefitsBonusRetirement benefit scheme contributionsShare awardTotal 2019薪金及其他福利花紅退休福利計劃供款股份獎勵二零一九年總額RMB000RMB000RMB000RMB000RMB000人民幣千元人民幣千元人民幣千元人民幣千元人民幣千元C) INDEPENDENT NON-EXECUTIVE DIRECTORS 獨立非執行董事Zhang Y

1412、uqing 張余慶9090Feng Hua Jun 馮華君9090Shao Yang Dong 邵仰東9090Sub-total 小計270270Total 總額14,508The executive directors emoluments shown above were paid for their services in connection with the management of the affairs of the Company and the Group.The non-executive directors emoluments shown above were for

1413、 the services as a director of the Company and its subsidiaries.The independent non-executive directors emoluments shown above were paid for their services as directors of the Company.Mr. Ye Liaoning, Mr. Sun Yang and Mr. Wang Wenjie are also the Chief Executives of the Company and their emoluments

1414、disclosed above include those for services rendered by them as the Chief Executives.13. 董事、主要行政人員及五名最高薪酬僱員酬金 （續）上列執行董事酬金為彼等有關管理本公司及本集團事務的服務報酬。上列非執行董事的酬金為擔任本公司及其附屬公司董事的服務報酬。上列獨立非執行董事的酬金為彼等擔任本公司董事的服務報酬。葉遼寧先生、孫泱先生及王文杰先生亦為本公司的主要行政人員，且上文所披露之彼等的酬金包括就彼等擔任主要行政人員所提供服務的酬金。舜宇光學科技 （集團） 有限公司 2020 年報 213FOR THE Y

1415、EAR ENDED 31 DECEMBER 2020 截至二零二零年十二月三十一日止年度Notes to the Consolidated Financial Statements綜合財務報表附註13. DIRECTORS, CHIEF EXECUTIVES AND FIVE HIGHEST PAID EMPLOYEES EMOLUMENTS (Continued)The five highest paid individuals of the Group included 4 (2019: 4) directors and chief executives for the year. Det

1416、ails of their emoluments are set out above. The emoluments of the remaining 1 (2019: 1) highest paid individuals were as follows:20202019二零二零年二零一九年RMB000RMB000人民幣千元人民幣千元Salaries and other benefits 薪金及其他福利541671Bonuses (Note) 花紅 （附註）1,3361,362Retirement benefit scheme contributions 退休福利計劃供款6156Share

1417、award 股份獎勵1,5081,8083,4463,897Their emoluments were within the following band:20202019二零二零年二零一九年No. ofNo. ofemployeesemployees員工人數員工人數HK$4,000,001 to HK$4,500,000 4,000,001港元至4,500,000港元11 Note: The bonus is determined by remuneration committees based on the Groups performance for each financial yea

1418、r and subject to a maximum of 5% of consolidated profit attributable to owners of the Company.During both years, no emoluments were paid by the Group to the five highest paid individuals and directors of the Company as an inducement to join or upon joining the Group or as compensation for loss of of

1419、fice. In the year ended 31 December 2020 (2019: Nil), no director waived emoluments.During both years, certain directors, non-director and non-chief executive highest paid employees were granted share awards, in respect of their services to the Group under the share awards scheme of the Group. Detai

1420、ls of the share awards scheme are set out in Note 42 to the consolidated financial statements.13. 董事、主要行政人員及五名最高薪酬僱員酬金 （續）本集團於本年度的五名最高薪酬人士包括四名 （二零一九年：四名） 董事及主要行政人員，其酬金詳情載於上文。其餘一名 （二零一九年：一名） 最高薪酬人士的酬金如下：彼的酬金範圍如下：附註： 花紅乃由薪酬委員會根據本集團於各財政年度的表現釐定，惟不可高於本公司股東應佔綜合溢利的5%。於兩年內，本集團並無向五名最高薪酬人士及本公司董事支付酬金，作為邀請其加入或加

1421、入本集團後的獎金或作為離職補償。截至二零二零年十二月三十一日止年度，並無董事放棄酬金 （二零一九年：零） 。於兩年內，根據本集團的股份獎勵計劃，若干董事，非董事及非主要行政人員最高薪酬僱員就彼等為本集團提供的服務而獲授股份獎勵。股份獎勵計劃的詳情載於綜合財務報表附註42。Sunny Optical Technology (Group) Company Limited ANNUAL REPORT 2020214Notes to the Consolidated Financial Statements綜合財務報表附註FOR THE YEAR ENDED 31 DECEMBER 2020 截至二零

1422、二零年十二月三十一日止年度14. PROPERTY, PLANT AND EQUIPMENTOwnedpropertiesMachinery and productionequipmentMotorvehiclesFixtures and officeequipmentConstructionin progressTotal自有物業機器及生產設備汽車傢俬及辦公室設備在建工程總額RMB000RMB000RMB000RMB000RMB000RMB000人民幣千元人民幣千元人民幣千元人民幣千元人民幣千元人民幣千元COST 成本At 1 January 2019 於二零一九年一月一日556,0715,

1423、031,35818,754629,100784,8587,020,141Additions 添置67,4832,453,292692328,172392,2633,241,902Transfer 轉撥292,511102,25168,112(462,874)Disposals 出售(2,167)(179,125)(383)(5,966)(56)(187,697)Acquired on acquisition of a subsidiary 收購一家附屬公司所得26,9421631,5812828,714Exchange realignment 外匯調整572551133At 31 Decemb

1424、er 2019 and 1 January 2020於二零一九十二月三十一日及二零二零年一月一日913,8987,434,77519,2511,021,050714,21910,103,193Additions 添置52,0421,562,262394199,759723,2582,537,715Transfer 轉撥345,576204,54134,353(584,470)Disposals 出售(11,056)(249,505)(10,309)(270,870)Derecognised on disposal of a subsidiary出售附屬公司時終止確認(849)(303)(1,1

1425、52)Exchange realignment 外匯調整(2,786)(110)(1,892)(4,788)At 31 December 2020 於二零二零年十二月三十一日1,300,4608,948,43819,5351,242,658853,00712,364,098ACCUMULATED DEPRECIATION AND IMPAIRMENT累計折舊及減值At 1 January 2019 於二零一九年一月一日130,3602,087,37712,413267,2502,497,400Charge for the year 年內支出26,4591,051,8242,15890,9891

1426、,171,430Eliminated on disposals 出售時對銷(123)(126,888)(240)(5,216)(132,467)Exchange realignment 外匯調整25144685At 31 December 2019 and 1 January 2020於二零一九年十二月三十一日及二零二零年一月一日156,6963,012,33814,345353,0693,536,448Charge for the year 年內支出45,5041,287,2971,810178,7961,513,407Eliminated on disposals 出售時對銷(9,504)

1427、(179,036)(9,066)(197,606)Derecognised on disposal of a subsidiary出售附屬公司時終止確認(835)(286)(1,121)Exchange realignment 外匯調整(63)(105)(55)(223)At 31 December 2020 於二零二零年十二月三十一日192,6964,119,70116,050522,4584,850,905CARRYING VALUES 賬面值At 31 December 2020 於二零二零年十二月三十一日1,107,7644,828,7373,485720,200853,0077,51

1428、3,193At 31 December 2019 於二零一九年十二月三十一日757,2024,422,4374,906667,981714,2196,566,74514. 物業、機器及設備舜宇光學科技 （集團） 有限公司 2020 年報 215FOR THE YEAR ENDED 31 DECEMBER 2020 截至二零二零年十二月三十一日止年度Notes to the Consolidated Financial Statements綜合財務報表附註14. PROPERTY, PLANT AND EQUIPMENT (Continued)The above items of propert

1429、y, plant and equipment other than construction in progress are depreciated on a straight-line basis over their estimated useful lives as follows:Owned propertiesShorter of 20 years or over the lease termMachinery and production equipment5 to 10 yearsMotor vehicles4 to 5 yearsFixtures and office equi

1430、pment3 to 10 yearsThe carrying value of owned properties shown above comprises:31/12/202031/12/2019二零二零年十二月三十一日二零一九年十二月三十一日RMB000RMB000人民幣千元人民幣千元Owned properties outside Hong Kong於香港以外的自有物業1,107,764757,202 14. 物業、機器及設備 （續）上述物業、機器及設備項目 （在建工程除外） 按照直線法於其下列估計可用年期內進行折舊：自有物業20年或於租期內（以較短者為準）機器及生產設備5至10年汽車4

1431、至5年傢俬及辦公室設備3至10年上述自有物業的賬面值組成如下：Sunny Optical Technology (Group) Company Limited ANNUAL REPORT 2020216Notes to the Consolidated Financial Statements綜合財務報表附註FOR THE YEAR ENDED 31 DECEMBER 2020 截至二零二零年十二月三十一日止年度15. RIGHT-OF-USE ASSETSLeaseholdlandsLeasedpropertiesTotal租賃土地租賃物業總額RMB000RMB000RMB000人民幣千元人

1432、民幣千元人民幣千元As at 31 December 2020 於二零二零年十二月三十一日Carrying amount 賬面值342,552137,453480,005As at 31 December 2019 於二零一九年十二月三十一日Carrying amount 賬面值243,974158,769402,743For the year ended 31 December 2020截至二零二零年十二月三十一日止年度Depreciation charge 折舊費用7,90846,37754,285 For the year ended 31 December 2019截至二零一九年十二月

1433、三十一日止年度Depreciation charge 折舊費用6,32240,17746,499 31/12/202031/12/2019二零二零年十二月三十一日二零一九年十二月三十一日RMB000RMB000人民幣千元人民幣千元Expense relating to short-term leases 短期租賃相關開支8,2189,363Expense relating to leases of low-value assets, excluding short-term leases of low value assets低價值資產租賃相關開支 （不包括短期低價值資產租賃）235461To

1434、tal cash outflow for leases 租賃現金流出總值167,567112,535Additions to right-of-use assets 使用權資產添置134,287126,254 For both years, the Group leases various offices, warehouses, staff dormitory and machines for its operations. Lease contracts are entered into for fixed term of 1 month to 10 years. Lease terms

1435、are negotiated on an individual basis and contain a wide range of different terms and conditions. In determining the lease term and assessing the length of the non-cancellable period, the Group applies the definition of a contract and determines the period for which the contract is enforceable.15. 使

1436、用權資產於兩年內，本集團租賃多間辦公室、倉庫、員工宿舍及機器用於其營運。所訂立租賃合約的固定期限為1個月至10年。租期乃按個別基準磋商且包含各項不同的條款及條件。於釐定租期及評估不可撤銷期限長度時，本集團採用合約的定義及釐定合約可執行的期限。舜宇光學科技 （集團） 有限公司 2020 年報 217FOR THE YEAR ENDED 31 DECEMBER 2020 截至二零二零年十二月三十一日止年度Notes to the Consolidated Financial Statements綜合財務報表附註15. RIGHT-OF-USE ASSETS (Continued)In additi

1437、on, the Group owns several office buildings and industrial buildings where its manufacturing facilities are primarily located. The Group is the registered owner of these property interests, including the underlying leasehold lands. Lump sum payments were made upfront to acquire these property intere

1438、sts. The leasehold land components of these owned properties are presented separately only if the payments made can be allocated reliably.The Group regularly entered into short-term lease for machines. As at 31 December 2020, the portfolio of short-term leases is similar to the portfolio of short-te

1439、rm leases entered during the year.Restrictions or covenants on leasesIn addition, lease liabilities of RMB140,479,000 are recognised with related right-of-use assets of RMB137,453,000 as at 31 December 2020 (2019: lease liabilities of RMB160,606,000 and related right-of-use assets of RMB158,769,000)

1440、. The lease agreements do not impose any covenants other than the security interests in the leased assets that are held by the lessor. Leased assets may not be used as security for borrowing purposes.15. 使用權資產 （續）此外，本集團擁有數個辦公樓及工業樓宇（主要安置其生產設施） 。本集團為該等物業權益 （包括相關租賃土地） 的登記擁有人。已一次性支付全部款項以收購該等物業權益。儘於能可靠分配

1441、付款時，方可將該等所擁有物業的租賃土地成份單獨呈列。本集團定期就機器訂立短期租賃。於二零二零年十二月三十一日，短期租賃組合與年內訂立的短期租賃組合類似。租賃限制或契約此外，截至二零二零年十二月三十一日，租賃負債人民幣140,479,000元及相關的使用權資產人民幣137,453,000元獲確認 （二零一九年：租賃負債為人民幣160,606,000元及相關的使用權資產為人民幣158,769,000元） 。除出租人持有的租賃資產中的擔保權益外，租賃協議不施加任何其他契約。租賃資產不得用於借款擔保。Sunny Optical Technology (Group) Company Limited AN

1442、NUAL REPORT 2020218Notes to the Consolidated Financial Statements綜合財務報表附註FOR THE YEAR ENDED 31 DECEMBER 2020 截至二零二零年十二月三十一日止年度16. INVESTMENT PROPERTIESThe Group leases out several offices under operating leases with rentals receivable quarterly or semi-annually. The lease typically run for fixed per

1443、iod of 1 to 10 years.The Group is not exposed to foreign currency risk as a result of the lease arrangements, as all leases are denominated in the respective functional currencies of the group entities. The lease contracts do not contain residual value guarantee and lessees option to purchase the pr

1444、operty at the end of lease term.RMB000人民幣千元COST 成本At 31 December 2019 and 31 December 2020 於二零一九年十二月三十一日及二零二零年十二月三十一日67,601 DEPRECIATION 折舊At 1 January 2019 於二零一九年一月一日17,912Charge for the year 年內支出4,391At 31 December 2019 and 1 January 2020 於二零一九年十二月三十一日及二零二零年一月一日22,303Charge for the year 年內支出4,391A

1445、t 31 December 2020 於二零二零年十二月三十一日26,694 CARRYING VALUES 賬面值At 31 December 2020 於二零二零年十二月三十一日40,907 At 31 December 2019 於二零一九年十二月三十一日45,29816. 投資物業本集團以每季度或半年度的應收租金出租數間經營租賃下的辦公室。固定租期為期1至10年。由於所有租賃均以集團實體的相關功能貨幣計值，故本集團不會面臨租賃安排引致的外匯風險。租賃合約不包括剩餘擔保價值及承租人於租期末購買物業的選擇權。舜宇光學科技 （集團） 有限公司 2020 年報 219FOR THE YEAR

1446、ENDED 31 DECEMBER 2020 截至二零二零年十二月三十一日止年度Notes to the Consolidated Financial Statements綜合財務報表附註16. INVESTMENT PROPERTIES (Continued)All of the investment properties are measured using the cost model. The fair value of the Groups investment properties at 31 December 2020 was RMB93,348,000 (31 December

1447、 2019: RMB91,160,000). The fair value has been determined by the management of the Company reference to recent market evidence of transaction prices for similar properties in the same locations and conditions.Details of the Groups investment properties and information about the fair value hierarchy

1448、as at the end of the reporting period are as follows:Fair value as atLevel 331/12/2020第三級於二零二零年十二月三十一日的公允值RMB000RMB000人民幣千元人民幣千元Commercial property units located in the PRC 位於中國的商業物業單位93,34893,348Fair value as atLevel 331/12/2019第三級於二零一九年十二月三十一日的公允值RMB000RMB000人民幣千元人民幣千元Commercial property units loc

1449、ated in the PRC 位於中國的商業物業單位91,16091,160The above investment properties are depreciated on a straight-line basis over 20 years.16. 投資物業 （續）所有投資物業以成本模式計量。於二零二零年十二月三十一日，本集團投資物業的公允值為人民幣93,348,000元 （二零一九年十二月三十一日：人民幣91,160,000元） 。該公允值經本公司管理層參考同區條件相同的同類物業的近期市場成交價後釐定。本集團投資物業的詳情及於報告期末有關公允值等級的資料如下：上列投資物業於20年內

1450、按照直線法折舊。Sunny Optical Technology (Group) Company Limited ANNUAL REPORT 2020220Notes to the Consolidated Financial Statements綜合財務報表附註FOR THE YEAR ENDED 31 DECEMBER 2020 截至二零二零年十二月三十一日止年度17. INTANGIBLE ASSETSPatents專利權RMB000人民幣千元COST 成本At 1 January 2019 於二零一九年一月一日444,933Acquired on acquisition of a su

1451、bsidiary 收購一家附屬公司所得125,900At 31 December 2019 於二零一九年十二月三十一日570,833Additions 添置176At 31 December 2020 於二零二零年十二月三十一日571,009AMORTISATION AND IMPAIRMENT 攤銷及減值At 1 January 2019 於二零一九年一月一日96,112Charge for the year 年內支出55,558At 31 December 2019 and 1 January 2020 於二零一九年十二月三十一日及二零二零年一月一日151,670Charge for th

1452、e year 年內支出56,202At 31 December 2020 於二零二零年十二月三十一日207,872 CARRYING VALUES 賬面值At 31 December 2020 於二零二零年十二月三十一日363,137 At 31 December 2019 於二零一九年十二月三十一日419,163As at 31 December 2020, the Group held (i) licensing patent acquired from Konica Minolta, Inc. (“KMI”), an independent third party of the Grou

1453、p, which allows the Group to develop, produce and sell licensed products, (ii) patent and other intangible assets acquired from the acquisition of Sunny Mobility Technologies (Ningbo) Co., Ltd., formerly known as Wuxi Wissen Intelligent Sensing Technology Co., Ltd. (“Wuxi Wissen”), in the prior year

1454、 to develop the advanced driving assistant system in automobile industry.17. 無形資產於二零二零年十二月三十一日，本集團於本年度持有(i)自本集團的一名獨立第三方柯尼卡美能達公司 （ KMI ） 購買的專利授權，允許本集團開發、生產及銷售授權產品、(ii)於去年收購寧波舜宇智行傳感技術有限公司 （前稱無錫為森智能傳感技術有限公司 （ 無錫為森 ） ） 取得的專利及其他無形資產，於汽車行業開發先進駕駛輔助系統。舜宇光學科技 （集團） 有限公司 2020 年報 221FOR THE YEAR ENDED 31 DECEMB

1455、ER 2020 截至二零二零年十二月三十一日止年度Notes to the Consolidated Financial Statements綜合財務報表附註17. INTANGIBLE ASSETS (Continued)These intangible assets have finite useful lives and are amortised on a straight-line basis over 10 years.The directors of the Company considered no impairment loss on intangible assets fo

1456、r the both years ended 31 December 2020 and 2019.18. INTERESTS IN ASSOCIATES31/12/202031/12/2019二零二零年十二月三十一日二零一九年十二月三十一日RMB000RMB000人民幣千元人民幣千元Cost of investment in unlisted associates 非上市聯營公司投資成本93,56992,319Share of post-acquisition profit or loss and other comprehensive income or expenses, net of d

1457、ividends received分佔收購後損益及其他全面收益或開支，扣減已收股息(18,753)(18,773)Impairment loss recognised 已確認減值虧損(72,863)(72,863)1,95368317. 無形資產 （續）該等無形資產具有有限可使用年期，並以直線法按十年期攤銷。截 至 二 零 二 零 年 及 二 零 一 九 年 十 二 月三十一日止年度，本公司董事認為無形資產並無減值虧損。18. 於聯營公司的權益Sunny Optical Technology (Group) Company Limited ANNUAL REPORT 2020222Notes

1458、to the Consolidated Financial Statements綜合財務報表附註FOR THE YEAR ENDED 31 DECEMBER 2020 截至二零二零年十二月三十一日止年度18. INTERESTS IN ASSOCIATES (Continued)Details of each of the Groups associates at the end of the reporting period are as follow:Name of associatePlaces of registration/operationProportion of ownersh

1459、ip interests held by the GroupProportion of voting rights held by the GroupPrincipal activity聯營公司名稱註冊地點營業地點本集團持有的所有權權益比例本集團持有的投票權比例主要業務2020201920202019二零二零年二零一九年二零二零年二零一九年Visiondigi (Shanghai) Technology Co., Ltd. (“Visiondigi Shanghai”)*The PRC中國30.85%30.85%33.33%33.33%Manufacture and sale of close

1460、d circuit television上海威乾視頻技術有限公司 （上海威乾)*生產及銷售閉路電視Jiangsu Sunny Medical Equipments Co., Ltd. (“Jiangsu Medical”)*The PRC中國26.00%26.00%33.33%33.33%Manufacture and sale of medical instrument business江蘇舜宇醫療器械有限公司 （江蘇舜宇醫療)*生產及銷售醫療儀器業務SCIVAX Co., Ltd. (“SCIVAX”)*SCIVAX株式會社 （ SCIVAX ） *Japan日本18.3%18.30%18

1461、.30%18.30%Research and development of advanced nanotechnology研究及開發先進納米技術浙江生一光學感知技術有限公司#浙江生一光學感知技術有限公司#The PRC中國25.00%N/A不適用25.00%N/A不適用Research and development of optics products研究及開發光學產品*: The English names of the above entities established in the PRC and Japan are translated for identification pur

1462、pose only.#: The company was established during the current year, which is mainly engaged in the research and development of advanced optics products.18. 於聯營公司的權益 （續）於報告期末，本集團各聯營公司的詳情如下：*： 於中國及日本成立的上述實體的英文名稱為翻譯名稱，僅供識別。#： 該公司於本年度期間成立，主要從事研究及開發先進光學產品。舜宇光學科技 （集團） 有限公司 2020 年報 223FOR THE YEAR ENDED 31 D

1463、ECEMBER 2020 截至二零二零年十二月三十一日止年度Notes to the Consolidated Financial Statements綜合財務報表附註19. DEFERRED TAXATIONFor the purpose of presentation in the consolidated statement of financial position, certain deferred tax assets and liabilities have been offset. The following is the analysis of the deferred ta

1464、x balances for financial reporting purposes:31/12/202031/12/2019二零二零年十二月三十一日二零一九年十二月三十一日RMB000RMB000人民幣千元人民幣千元Deferred tax assets 遞延稅項資產(207,332)(131,178)Deferred tax liabilities 遞延稅項負債888,809684,836681,477553,658The following are the major deferred tax liabilities (assets) recognised and movements

1465、thereon during the current and prior years:Withholding tax on distributed profit from the PRCAllowance for inventories and ECL provisionDeferred subsidy incomeAccelerated depreciationAccrued bonusOthersTotal中國已分配利潤預繳稅存貨撥備及預期信貸虧損撥備遞延補貼收入加速折舊應計獎金其他總額RMB000RMB000RMB000RMB000RMB000RMB000RMB000人民幣千元人民幣千元

1466、人民幣千元人民幣千元人民幣千元人民幣千元人民幣千元At 1 January 2019於二零一九年一月一日80,859(32,456)(9,288)314,493(7,248)14,369360,729Charge (Credit) to profit or loss (Note 9)於損益中扣除 （計入） （附註9）39,673(24,929)(577)227,129(48,864)(13,167)179,265Acquired on acquisition of a subsidiary收購一家附屬公司所得13,66413,664At 31 December 2019於二零一九年十二月三十一

1467、日120,532(57,385)(9,865)541,622(56,112)14,866553,658Charge (Credit) to profit or loss (Note 9)於損益中扣除 （計入） （附註9）25,205(33,971)1,544170,504(41,407)2,595124,470Charge to other comprehensive income計入其他全面收益3,3493,349At 31 December 2020於二零二零年十二月三十一日145,737(91,356)(8,321)712,126(97,519)20,810681,477 19. 遞延稅

1468、項就綜合財務狀況表的呈列而言，若干遞延稅項資產及負債已經抵銷。用作財務報告目的的遞延稅項結餘分析如下：已確認的主要遞延稅項負債 （資產） 及於本年度和過往年度變動如下：Sunny Optical Technology (Group) Company Limited ANNUAL REPORT 2020224Notes to the Consolidated Financial Statements綜合財務報表附註FOR THE YEAR ENDED 31 DECEMBER 2020 截至二零二零年十二月三十一日止年度19. DEFERRED TAXATION (Continued)As at

1469、31 December 2020, the deferred tax liability amounting to RMB145,737,000 (31 December 2019: RMB120,532,000) was provided in respect of the temporary differences attributed to the PRC undistributed profits to the extent exceeding the investment plan which the directors of the Company decided to distr

1470、ibute. The Group has determined that the remaining portion of the profits derived from those PRC operating subsidiaries will be retained by those subsidiaries and not distributed in the foreseeable future, since the Group is in a position to control the timing of the reversal of the temporary differ

1471、ences, and it is probable that such differences will not reverse nor be subject to withholding tax in the foreseeable future.At the end of the reporting period, the Group had unused tax losses of approximately RMB885,339,000 (2019: RMB808,044,000) available for offset against future profits. The tax

1472、 losses arising from the PRC non high-tech subsidiaries of RMB78,984,000 (2019: RMB110,718,000) can be carried forward for maximum of five years and will expire during 2021 to 2025 (2019: 2020 to 2024) while the tax losses arising from the PRC high-tech subsidiaries of RMB764,624,000 (2019: RMB653,4

1473、62,000) can be carried forward for maximum of ten years and will expire during 2021 to 2030 (2019: 2020 to 2029) according to Caishui 2018 No. 76. which has extended the expiration period from five years to ten years. Other tax losses may be carried forward indefinitely.20. DEPOSITS PAID FOR ACQUISI

1474、TION OF PROPERTY, PLANT AND EQUIPMENT/LAND USE RIGHTThe deposits are paid for construction of factory buildings, acquisition of plants and equipment located in the PRC and other regions and acquisition of land use right for the expansion of the Groups production plants.19. 遞延稅項 （續）於二零二零年十二月三十一日，本集團就

1475、有關中國未分派盈利的暫時差額作出遞延稅項負債撥備共計人民幣145,737,000元 （二零一九年十二月三十一日：人民幣120,532,000元） ，該金額已超過本公司董事決定分派之投資計劃的金額。本集團已決定來自該等中國營運附屬公司的盈利之餘下部分將由該等附屬公司保留，且不會於可預見的將來分派，因為本集團已就控制撥回暫時差額的時間作好準備，且該等差額將不大可能於可預見的將來撥回或須預繳稅項。於報告期末，本集團有未使用稅項虧損約人民幣885,339,000元 （二零一九年：人民幣808,044,000元） 可供用於抵銷未來溢利。中國非高新技術附屬公司產生的稅項虧損為人民幣78,984,000元

1476、（二零一九年：人民幣110,718,000元） 可於最多五年內結轉，並將於二零二一年至二零二五年（二零一九年：二零二零年至二零二四年）到期。而中國高新技術附屬公司產生的稅項虧損為人民幣764,624,000元 （二零一九年：人民幣653,462,000元） ，可於最多十年內結轉，到期期限根據財稅201876號文由五年增至十年，將於二零二一年至二零三零年 （二零一九年：二零二零年至二零二九年） 到期。其他稅項虧損可無限期結轉。20. 就收購物業、機器及設備 土地使用權已支付的按金本集團就興建廠房樓宇以及收購位於中國的機器及設備及收購土地使用權以供其生產機器擴張而支付按金。舜宇光學科技 （集團）

1477、有限公司 2020 年報 225FOR THE YEAR ENDED 31 DECEMBER 2020 截至二零二零年十二月三十一日止年度Notes to the Consolidated Financial Statements綜合財務報表附註21. EQUITY INSTRUMENTS AT FAIR VALUE THROUGH OTHER COMPREHENSIVE INCOME31/12/202031/12/2019二零二零年十二月三十一日二零一九年十二月三十一日RMB000RMB000人民幣千元人民幣千元Unlisted equity investments 非上市股權投資134,6

1478、09112,183The unlisted equity investments represent the Groups equity interests in private entities. The directors of the Company have elected to designate these investments in equity instruments as at FVTOCI as they believe that recognising short-term fluctuations in these investments fair value in

1479、profit or loss would not be consistent with the Groups strategy of holding these investments for long-term purposes and realising their performance in the long run.During the current year, the Group made a new equity investment measured as equity instruments at FVTOCI amounting to RMB100,000 (2019:

1480、RMB5,600,000) and the fair value gain in the amount of RMB22,326,000 was recognised in FVTOCI reserve.22. DEBT INSTRUMENTS AT AMORTISED COSTDuring the current year, two debt instruments amounting to RMB54,200,000 reached maturity and was redeemed accordingly.The Group purchased another debt instrume

1481、nt amounting to RMB29,262,000 carrying coupon rate of 6.40% with the same business model to collect contractual cash flows that are solely payments of principle amount outstanding semi-annually according to the contract terms, the debt instrument was classified and subsequently measured at amortised

1482、 cost.As at 31 December 2020, the total carrying amount of the debt instruments is RMB52,823,000 (31 December 2019: RMB83,711,000) and all of the debt instruments will mature within one year (31 December 2019: RMB55,749,000).21. 按公允值計入其他全面收益的權益工具非上市股權投資代表本集團於私人實體的股本權益。本公司董事已選擇將該等投資指定為按公允值計入其他全面收益的權益

1483、工具，此乃由於彼等相信於損益確認該等投資公允值的短期波動不符合本集團就長期目的持有該等投資以及就長期而言實現該等投資效益的策略。於本年度期間，本集團作出一項新的股權投資，以按公允值計入其他全面收益的權益工具計量為人民幣100,000元 （二零一九年：人民幣5,600,000元） ，公允值收益金額人民幣22,326,000元已於按公允值計入其他全面收益儲備確認。22. 按攤銷成本計量的債務工具於 本 年 度 期 間 ， 兩 筆 金 額 為 人 民 幣54,200,000元的債務工具已到期並已贖回。本集團購入的另一項債務工具金額為人民幣29,262,000元，票面利率為6.40%，其業務模式同樣旨

1484、在收取合約現金流量，僅為按合約條款支付每半年未償還本金之利息，該債務工具被分類且其後按攤銷成本計量。於 二 零 二 零 年 十 二 月 三 十 一 日 ， 債 務工具總賬面值為人民幣52,823,000 元（二零一九年十二月三十一日：人民幣83,711,000元） ，且所有債務工具將於一年內到期 （二零一九年十二月三十一日：人民幣55,749,000元） 。Sunny Optical Technology (Group) Company Limited ANNUAL REPORT 2020226Notes to the Consolidated Financial Statements綜合財務

1485、報表附註FOR THE YEAR ENDED 31 DECEMBER 2020 截至二零二零年十二月三十一日止年度23. FINANCIAL ASSETS AT FAIR VALUE THROUGH PROFIT OR LOSS31/12/202031/12/2019二零二零年十二月三十一日二零一九年十二月三十一日RMB000RMB000人民幣千元人民幣千元Current assets流動資產Fund investments (Note a)基金投資 （附註a）282,711373,638Unlisted financial products (Note b)非上市金融產品 （附註b）8,19

1486、7,4755,289,1708,480,1865,662,808Non-current assets非流動資產Debt investments (Note c)債務投資 （附註c）72,88484,568Equity investments (Note d)股權投資 （附註d）133,352100,579206,236185,147Notes:(a) Fund investmentsThe Group entered into several contracts to purchase fund units (the “Fund”) with a financial institution s

1487、ince 2018, which were accounted for as financial assets as FVTPL on initial recognition. As at 31 December 2020, the fair value of the Fund is United State Dollar (“US$” or “USD”) 43,328,000 (31 December 2019: USD53,559,000) per the investment statement of the financial institution, equivalent to RM

1488、B282,711,000 (31 December 2019: RMB373,638,000). The fair value gain in the amount of USD3,328,000, equivalent to RMB22,199,000 (2019: RMB40,734,000) was recognised in profit or loss in the current year.23. 按公允值計入損益的金融資產附註 ：(a) 基金投資自二零一八年起，本集團與一家金融機構簽訂若干合約以購買基金單位 （ 基金 ） ，於初步確認時已列作按公允值計入損益的金融資產。於二零二零

1489、年十二月三十一日，根據金融機構的投資報表，基金的公允值為43,328,000美元 （ 美元 ） （二零一九年十二月三十一日：53,559,000美元） ，相當於人民幣282,711,000 元（二零一九年十二月三十一日：人民幣373,638,000元） 。本年度於損益中確認公允值收益金額為3,328,000美元 （相等於人民幣22,199,000元）（二零一九年：人民幣40,734,000元） 。舜宇光學科技 （集團） 有限公司 2020 年報 227FOR THE YEAR ENDED 31 DECEMBER 2020 截至二零二零年十二月三十一日止年度Notes to the Consol

1490、idated Financial Statements綜合財務報表附註23. FINANCIAL ASSETS AT FAIR VALUE THROUGH PROFIT OR LOSS (Continued)(b) Unlisted financial productsDuring the current year, the Group entered into several contracts of unlisted financial products with banks. The unlisted financial products are managed by related b

1491、anks in the PRC to invest principally in certain financial assets including bonds, trusts and cash funds, etc. The unlisted financial products have been accounted for financial assets at FVTPL on initial recognition of which the return of the unlisted financial products was determined by reference t

1492、o the performance of the underlying government debt instruments and treasury notes and as at 31 December 2020 the expected return rate stated in the contracts ranges from 2.15% to 3.95% (31 December 2019: 2.10% to 4.75%) per annum.In the opinion of the directors of the Company, the fair value change

1493、 of the unlisted financial products is insignificant in the current year.(c) Debt investmentsDuring the current year, the Group disposed three debt investments at the proceed of RMB81,668,000 (2019: RMB75,719,000) and the Group purchased another three debt instruments at FVTPL amounting to RMB77,617

1494、,000 with coupon rates ranging from 4.45% to 5.00%.The gain on the fair value change of the remaining debt investments amounting to RMB47,000 (2019: RMB1,674,000) was recognised in the profit or loss in the current year.(d) Equity investmentsThe Groups equity investments of 餘姚市陽明智行投資中心 （有限合夥) (“V Fu

1495、nd”) and another partnership enterprise in total amount of RMB72,500,000 (31 December 2019: RMB72,500,000) were classified as financial assets at FVTPL. As at 31 December 2020, the fair value of all equity investments amounted to RMB133,352,000 (31 December 2019: RMB100,579,000) with a fair value ga

1496、in of RMB32,773,000 (2019: RMB6,949,000) recognised in the profit or loss during the current year.23. 按公允值計入損益的金融資產 （續）(b) 非上市金融產品於本年度期間，本集團與銀行簽訂若干非上市金融產品合約。該等非上市金融產品由中國的相關銀行管理，主要投資於債券、信託及現金基金等若干金融資產。非上市金融產品在初步確認時已列作按公允值計入損益的金融資產，該部份非上市金融產品的回報根據相關政府債務工具及國庫券的表現釐定，於二零二零年十二月三十一日，合約中的預期年回報率介乎2.15%至3.95%

1497、之間 （二零一九年十二月三十一日：2.10%至4.75%之間） 。本公司董事認為，非上市金融產品的公允值變動於本年度並不重大。(c) 債務投資於本年度期間，本集團出售三項債務投資，所得款項為人民幣81,668,000元 （二零一九年：人民幣75,719,000元） ，且本集團購入另外三項按公允值計入損益的債務工具金額為人民幣77,617,000元，票面利率介乎4.45%至5.00%不等。餘下債務投資的公允值變動收益為人民幣47,000元 （二零一九年：人民幣1,674,000元） ，於本年度在損益內確認。(d) 股權投資本集團於餘姚市陽明智行投資中心 （有限合夥）（ V基金 ） 及另一家合夥企

1498、業總金額為人民幣72,500,000元 （二零一九年十二月三十一日：人民幣72,500,000元） 的股權投資被分類為按公允值計入損益的金融資產。於二零二零年十二月三十一日，所有股權投資的公允值為人民幣133,352,000元 （二零一九年十二月三十一日：人民幣100,579,000元） ，本年度期間於損益中確認公允值收益為人民幣32,773,000元 （二零一九年：人民幣6,949,000元） 。Sunny Optical Technology (Group) Company Limited ANNUAL REPORT 2020228Notes to the Consolidated Fin

1499、ancial Statements綜合財務報表附註FOR THE YEAR ENDED 31 DECEMBER 2020 截至二零二零年十二月三十一日止年度24. INVENTORIES31/12/202031/12/2019二零二零年十二月三十一日二零一九年十二月三十一日RMB000RMB000人民幣千元人民幣千元Raw materials 原材料1,126,857796,909Work in progress 半製成品193,666154,988Finished goods 製成品4,462,5484,194,0655,783,0715,145,96225. TRADE AND OTHER

1500、 RECEIVABLES AND PREPAYMENT31/12/202031/12/2019二零二零年十二月三十一日二零一九年十二月三十一日RMB000RMB000人民幣千元人民幣千元Current assets 流動資產Trade receivables 貿易應收款項6,888,1468,470,788Less: allowance for expected credit loss 減：預期信貸虧損撥備(95,903)(112,485)6,792,2438,358,303Bill receivables 應收票據756,530758,311Loan receivables (Note) 應

1501、收貸款 （附註）164,998116,184Other receivables and prepayment 其他應收款項及預付款項Value added tax and other tax receivables 應收增值稅及其他應收稅項92,94872,670Advance to suppliers 墊付供應商款項77,57896,771Interest receivables 應收利息54,27730,693Prepaid expenses 預付開支119,58495,261Utilities deposits and prepayment 公用事業按金及預付款項75,56130,714

1502、Advances to employees 墊付僱員款項68,70134,349Others 其他9,60536,428498,254396,886Total trade and other receivables and prepayment貿易及其他應收款項及預付款項總額8,212,0259,629,684Note: The Group provides fixed-rate loans with a term from one month to one year to local individuals and small enterprises in the PRC. All loan

1503、s are either backed by guarantees and/or secured by collaterals.24. 存貨25. 貿易及其他應收款項及預付款項附註： 本集團向中國當地個體及小型企業提供期限為一個月至一年的固定利率貸款。所有貸款均由擔保支持及或由抵押擔保。舜宇光學科技 （集團） 有限公司 2020 年報 229FOR THE YEAR ENDED 31 DECEMBER 2020 截至二零二零年十二月三十一日止年度Notes to the Consolidated Financial Statements綜合財務報表附註25. TRADE AND OTHER R

1504、ECEIVABLES AND PREPAYMENT (Continued)The Group allows a credit period of average 90 days to its trade customers. The following is an aged analysis of trade receivables net of allowance for credit loss presented based on the invoice date at the end of the reporting period, which approximated the resp

1505、ective revenue recognition dates.31/12/202031/12/2019二零二零年十二月三十一日二零一九年十二月三十一日RMB000RMB000人民幣千元人民幣千元Within 90 days 90天以內6,599,7198,146,56791 to 180 days 91天至180天191,585208,686Over 180 days 180天以上9393,0506,792,2438,358,303The credit period of bill receivables is 90 to 180 days. Aging of bill receivabl

1506、es based on the issue date at the end of the reporting period is as follows:31/12/202031/12/2019二零二零年十二月三十一日二零一九年十二月三十一日RMB000RMB000人民幣千元人民幣千元Within 90 days 90天以內647,049713,30491 to 180 days 91天至180天109,48145,007756,530758,311All bills received by the Group are with a maturity period of less than on

1507、e year.25. 貿易及其他應收款項及預付款項 （續）本集團給予其貿易客戶平均90天的信貸期。以下為於報告期末基於發票日 （與各自的收益確認日期相若） 呈列的貿易應收款項（扣除信貸虧損撥備） 的賬齡分析。應收票據的信貸期為90至180天。於報告期末基於發行日的應收票據賬齡如下：本集團收取的所有票據的到期期限均少於一年。Sunny Optical Technology (Group) Company Limited ANNUAL REPORT 2020230Notes to the Consolidated Financial Statements綜合財務報表附註FOR THE YEAR E

1508、NDED 31 DECEMBER 2020 截至二零二零年十二月三十一日止年度25. TRADE AND OTHER RECEIVABLES AND PREPAYMENT (Continued)As at 31 December 2020, included in the Groups trade receivables balance are debtors with aggregate carrying amount of RMB31,818,000 (31 December 2019: RMB59,643,000) which are past due as at the reporti

1509、ng date. Nil (31 December 2019: Nil) of the past due has been past due 90 days or more.Details of impairment assessment of trade and other receivables and bill receivables for the years ended 31 December 2020 and 2019 are set out in Note 36(b).26. TIME DEPOSITS/PLEDGED BANK DEPOSITS/SHORT TERM FIXED

1510、 DEPOSITS/BANK BALANCES AND CASHDuring the current year, the Group deposited RMB500,000,000 time deposits with several banks in the PRC. These time deposits carry fixed interest rates ranging from 3.85% to 4.18% (31 December 2019: nil) per annum. The maturity period of these time deposits is three y

1511、ears and are therefore classified as non-current assets.The Group pledged certain of its bank deposits to banks as security for note payables and the pledged bank deposits carry fixed interests of 1.35% (31 December 2019: 1.35%) per annum.Short term fixed deposits carry fixed interest rates ranging

1512、from 1.92% to 3.15% (31 December 2019: 2.10% to 3.15%) per annum. Short term fixed deposits have original maturity dates less than one year and therefore classified as current assets.Bank balances, which represent saving accounts and deposits, carry interest at market saving rates at 0.30% (31 Decem

1513、ber 2019: 0.35%) per annum.25. 貿易及其他應收款項及預付款項 （續）於二零二零年十二月三十一日，本集團貿易應收款項結餘包括於報告日期已逾期的總賬面值為人民幣31,818,000 元（二零一九年十二月三十一日：人民幣59,643,000元） 的債務人。並無 （二零一九年十二月三十一日：無） 逾期款項逾期90天或以上。貿易及其他應收款項及應收票據截至二零二零年及二零一九年十二月三十一日止年度的減值評估詳情載於附註36(b)。26. 定期存款已抵押銀行存款短期定期存款銀行結餘及現金於本年度期間，本集團存入數家中國的銀行的定期存款為人民幣500,000,000元。該等定期

1514、存款固定年利率介乎3.85%至4.18%之間 （二零一九年十二月三十一日：無） 。該等定期存款到期期限為三年，因而被分類為非流動資產。本集團已向銀行抵押其若干銀行存款作應付票據的抵押品，已抵押銀行存款固定年利率為1.35% （二零一九年十二月三十一日：1.35%） 。短期定期存款按介乎1.92%至3.15%之間（二零一九年十二月三十一日：2.10%至3.15%） 的固定年利率計息。短期定期存款原到期日少於一年，因而被分類為流動資產。銀行結餘指儲蓄賬戶及存款，按0.30% （二零一九年十二月三十一日：0.35%） 的市場儲蓄存款年利率計息。舜宇光學科技 （集團） 有限公司 2020 年報 231

1515、FOR THE YEAR ENDED 31 DECEMBER 2020 截至二零二零年十二月三十一日止年度Notes to the Consolidated Financial Statements綜合財務報表附註27. DERIVATIVE FINANCIAL ASSETS AND LIABILITIESAt the end of the reporting period, the Group held certain derivatives classified as held for trading and not under hedge accounting as follows:As

1516、setsLiabilities資產負債31/12/202031/12/201931/12/202031/12/2019二零二零年十二月三十一日二零一九年十二月三十一日二零二零年十二月三十一日二零一九年十二月三十一日RMB000RMB000RMB000RMB000人民幣千元人民幣千元人民幣千元人民幣千元Foreign currency forward contracts 遠期外匯合約17,65722,4629,865Foreign currency options contracts 外匯期權合約3,6504,60796,8051,430 Total 總額21,30727,069106,6701

1517、,430Less: current portion 減：即期部份Foreign currency forward contracts 遠期外匯合約17,6578,8085,083Foreign currency options contracts 外匯期權合約3,6504,60796,8051,430 21,30713,415101,8881,430 Non-current portion 非即期部份13,6544,782 27. 衍生金融資產及負債於報告期末，本集團持有若干分類為持作買賣及未按對沖會計法處理的衍生工具如下：Sunny Optical Technology (Group) Co

1518、mpany Limited ANNUAL REPORT 2020232Notes to the Consolidated Financial Statements綜合財務報表附註FOR THE YEAR ENDED 31 DECEMBER 2020 截至二零二零年十二月三十一日止年度27. DERIVATIVE FINANCIAL ASSETS AND LIABILITIES (Continued)As at 31 December 2020, the Group had entered into the following foreign currency forward contracts

1519、 and foreign currency options contracts:Foreign currency forward contractsThe Group entered into several USD/RMB foreign currency forward contracts with banks in the PRC in order to manage the Groups foreign currency risk.ReceivingcurrencySelling currencyMaturity dateWeighted averageforward exchange

1520、 rate收取貨幣賣出貨幣到期日加權平均遠期匯率Contract Series WUSD56,250,000RMB384,157,125Semi-annually till 18 January 2023USD:RMB from 6.68 to 6.99合約系列W56,250,000美元人民幣384,157,125元半年期至二零二三年一月十八日美元兌人民幣6.68至6.99Contract Series XRMB771,800,000USD115,700,000Semi-annually till 15 March 2021USD:RMB from 6.58 to 6.73合約系列X人民幣77

1521、1,800,000元115,700,000美元半年期至二零二一年三月十五日美元兌人民幣6.58至6.73Contract Series YUSD119,000,000RMB786,547,000Quarterly till 25 March 2021USD:RMB from 6.57 to 6.64合約系列Y119,000,000美元人民幣786,547,000元按季度至二零二一年三月二十五日美元兌人民幣6.57至6.64Contract Series ZUSD10,000,000RMB67,216,000Quarterly till 25 January 2021USD:RMB: 6.72合

1522、約系列Z10,000,000美元人民幣67,216,000元按季度至二零二一年一月二十五日美元兌人民幣6.72Foreign currency options contractsThe Group entered into several USD/RMB foreign currency options contracts with banks in the PRC in order to manage the Groups currency risk.The Group is required to transact with the banks for designated notiona

1523、l amount on each of the valuation dates specified within the respective contracts (“Valuation Date”).27. 衍生金融資產及負債 （續）於二零二零年十二月三十一日，本集團已訂立以下遠期外匯合約及外匯期權合約：遠期外匯合約本集團已與中國的銀行訂立若干美元兌人民幣的遠期外匯合約，以管理本集團的外匯風險。外匯期權合約本集團已與中國的銀行訂立若干美元兌人民幣的外匯期權合約，以管理本集團的貨幣風險。本集團須於各合約所指定的估值日期 （ 估值日期 ） 就指定名義金額與該等銀行進行交易。舜宇光學科技 （集團）

1524、 有限公司 2020 年報 233FOR THE YEAR ENDED 31 DECEMBER 2020 截至二零二零年十二月三十一日止年度Notes to the Consolidated Financial Statements綜合財務報表附註27. DERIVATIVE FINANCIAL ASSETS AND LIABILITIES (Continued)Foreign currency options contracts (Continued)At each Valuation Date, the reference rate which represents the spot ra

1525、te as specified within the respective contracts shall be compared against the strike rates (upper and lower)/barrier rate as specified within the respective contracts, and the Group may receive from/pay to the bank an amount as specified in the contracts if certain conditions specified within the re

1526、spective contracts are met.Extracts of details of foreign currency options contracts from the respective contracts outstanding as at 31 December 2020 are as follow:Notional amountStrike/barrier ratesEnding settlement date名義金額行使門檻匯率結束結算日期USD000千美元Contract A30,000USD:RMB at 1:6.400026 April 2021合約A美元兌

1527、人民幣：1：6.4000二零二一年四月二十六日Contract B40,000USD:RMB at 1:7.188315 June 2021合約B美元兌人民幣：1：7.1883二零二一年六月十五日Contract C40,000USD:RMB at 1:7.188215 June 2021合約C美元兌人民幣：1：7.1882二零二一年六月十五日Contract D75,000USD:RMB at 1:7.190115 June 2021合約D美元兌人民幣：1：7.1901二零二一年六月十五日Contract E75,000USD:RMB at 1:7.190015 June 2021合約E美元

1528、兌人民幣：1：7.1900二零二一年六月十五日The Group has entered certain derivative transactions that are covered by the International Swaps and Derivatives Association Master Agreements (“ISDA Agreements”) signed with a bank. These derivative instruments are not offset in the consolidated statement of financial positi

1529、on as the ISDA Agreements are in place with a right of set off only in the event of default, insolvency or bankruptcy so that the Group currently has no legally enforceable right to set off the recognised amount.27. 衍生金融資產及負債 （續）外匯期權合約 （續）於各估值日期，參考匯率 （指各合約所指定的現貨匯率） 須與各合約所指定的行使匯率（上限及下限） 門檻匯率作比較，且在達致各

1530、合約所指定若干條件的情況下，本集團可向相關銀行收取支付該等合約所指定的金額。於二零二零年十二月三十一日，各項未平倉合約的外匯期權合約的詳情摘要如下：本集團已訂立若干衍生工具交易，與銀行簽訂的國際掉期及衍生工具協會總協議（ 國際掉期及衍生工具協會總協議 ） 涉及該等交易。由於國際掉期及衍生工具協會總協議規定，僅可於出現拖欠款項、無力償債或破產的情況下行使抵銷權，故本集團目前並無可抵銷已確認款項的依法可強制執行權利，因此，該等衍生工具並未於綜合財務狀況表內抵銷。Sunny Optical Technology (Group) Company Limited ANNUAL REPORT 202023

1531、4Notes to the Consolidated Financial Statements綜合財務報表附註FOR THE YEAR ENDED 31 DECEMBER 2020 截至二零二零年十二月三十一日止年度28. TRADE AND OTHER PAYABLESThe following is an aged analysis of trade payables presented based on the invoice date and note payables presented based on the issue date at the end of reporting

1532、period.31/12/202031/12/2019二零二零年十二月三十一日二零一九年十二月三十一日RMB000RMB000人民幣千元人民幣千元Current liabilities 流動負債Trade payables 貿易應付款項 Within 90 days 90天以內5,525,0127,062,167 91 to 180 days 91天至180天829,036963,569 Over 180 days 180天以上4953,509Accrued purchases 應計採購額804,832475,271 Total trade payables and accrued purch

1533、ases 貿易應付款項及應計採購額總額7,159,3758,504,516 Note payables 應付票據 Within 90 days 90天以內1,022,9911,021,415 91 to 180 days 91天至180天312,985100,621 1,335,9761,122,036 Payables for purchase of property, plant and equipment購置物業、機器及設備應付款項182,910278,461Staff salaries and welfare payables 員工薪金及福利應付款項1,222,684807,252La

1534、bor outsourcing payables 勞務外包應付款項168,504201,405Payables for acquisition of patents 收購專利應付款項45,65142,068Value added tax payables and other tax payables應付增值稅及其他應付稅項341,112151,177Commission payables 應付佣金32,47133,386Interest payables 應付利息65,87869,744Rental and utilities payables 應付租金及公用事業費用50,80831,500O

1535、thers 其他127,99580,041 2,238,0131,695,034 10,733,36411,321,586 Non-current liabilities 非流動負債Long term payables 長期應付款項 Payables for acquisition of patents 收購專利應付款項245,636299,209 28. 貿易及其他應付款項以下為於報告期末基於發票日的貿易應付款項及基於發行日的應付票據的賬齡分析。舜宇光學科技 （集團） 有限公司 2020 年報 235FOR THE YEAR ENDED 31 DECEMBER 2020 截至二零二零年十二月

1536、三十一日止年度Notes to the Consolidated Financial Statements綜合財務報表附註28. TRADE AND OTHER PAYABLES (Continued)The credit period on purchases of goods is up to 180 days (2019: 180 days) and the credit period for note payables is 90 days to 180 days (2019: 90 days to 180 days). The Group has financial risk man

1537、agement policies in place to ensure that all payables are settled within the credit time frame.29. CONTRACT LIABILITIES31/12/202031/12/2019二零二零年十二月三十一日二零一九年十二月三十一日RMB000RMB000人民幣千元人民幣千元Advance from customers 客戶墊付款項131,19183,202 The contract liability is the consideration received from the customers

1538、which represents the Groups remaining obligation to transfer goods to customers. All the contract liabilities at the beginning of the period have been realised to revenue in the reporting period and no revenue recognised in the reporting period from the performance obligations satisfied in previous

1539、periods.30. BANK BORROWINGSUnsecured 無抵押31/12/202031/12/2019二零二零年十二月三十一日二零一九年十二月三十一日RMB000RMB000人民幣千元人民幣千元Guaranteed 有擔保1,381,243700,000Unguaranteed 無擔保689,368418,5722,070,6111,118,57228. 貿易及其他應付款項 （續）貨品採購的信貸期最多為180天 （二零一九年：180天） 及應付票據的信貸期為90天至180天 （二零一九年：90天至180天） 。本集團已實施財務風險管理政策，以確保所有應付款項於信貸期內支付。2

1540、9. 合約負債合約負債指本集團已從客戶收取有關尚未履行向客戶轉移貨品義務的代價。期初的所有合約負債對應的履約義務均於報告期內完成，收入得以確認，且本報告期確認的收入中不包含任何往期已經實現的履約義務。30. 銀行借貸Sunny Optical Technology (Group) Company Limited ANNUAL REPORT 2020236Notes to the Consolidated Financial Statements綜合財務報表附註FOR THE YEAR ENDED 31 DECEMBER 2020 截至二零二零年十二月三十一日止年度30. BANK BORROW

1541、INGS (Continued)The exposure of the Groups bank borrowings are as follows:31/12/202031/12/2019二零二零年十二月三十一日二零一九年十二月三十一日RMB000RMB000人民幣千元人民幣千元Fixed-rate borrowings 固定利率借貸1,124,500418,572Variable-rate borrowings 可變利率借貸946,111700,0002,070,6111,118,572The above bank borrowings are repayable within one ye

1542、ar.The range of effective interest rates per annum (which are equal to contractual interest rates) on the Groups bank borrowings are as follows:31/12/202031/12/2019二零二零年十二月三十一日二零一九年十二月三十一日Fixed-rate borrowings 固定利率借貸2.96%2.77%Variable-rate borrowings 可變利率借貸0.85%-1.14%3.26%-3.29% The variable-rate bo

1543、rrowings as at 31 December 2020 are denominated in USD which carry the floating-rates at London Inter-Bank Offer Rate (“LIBOR”) plus a premium. As at 31 December 2019, the variable-rate borrowings are denominated in RMB which carry the floating-rates at Loan Prime Rate (“LPR”) minus basis points.The

1544、 Groups bank borrowings that are denominated in currency other than the functional currencies of the relevant group entities are set out below:31/12/202031/12/2019二零二零年十二月三十一日二零一九年十二月三十一日RMB000RMB000人民幣千元人民幣千元USD 美元946,111418,57230. 銀行借貸 （續）本集團的銀行借貸風險如下：上述銀行借貸須於一年內償還。本集團銀行借貸的實際年利率 （相等於合約利率） 範圍如下：於二零

1545、二零年十二月三十一日的可變利率借貸以美元計值，其浮動利率按倫敦銀行同業拆息利率 （ 倫敦銀行同業拆息利率 ）加溢價計算。於二零一九年十二月三十一日，可變利率借貸以人民幣計值，其浮動利率按貸款基礎利率 （ 貸款基礎利率 ） 減基點計算。本集團以相關集團實體功能貨幣以外的貨幣計值的銀行借貸載列如下：舜宇光學科技 （集團） 有限公司 2020 年報 237FOR THE YEAR ENDED 31 DECEMBER 2020 截至二零二零年十二月三十一日止年度Notes to the Consolidated Financial Statements綜合財務報表附註31. LEASE LIABILI

1546、TIES31/12/202031/12/2019二零二零年十二月三十一日二零一九年十二月三十一日RMB000RMB000人民幣千元人民幣千元Lease Liabilities payable: 應付租賃負債：Within one year 一年內43,58038,140Within period of more than one year but not more than two years超過一年但不超過兩年的期間內37,55135,665Within period of more than two years but not more than five years超過兩年但不超過五年的

1547、期間內37,69958,596Within period of more than five years 超過五年的期間內21,64928,205140,479160,606Less: Amount due for settlement with 12 month shown under current liabilities減：流動負債下所列於12個月內結算的到期款項(43,580)(38,140)Amount due for settlement after 12 month shown under non-current liabilities非流動負債下所列於12個月後結算的到期款96

1548、,899122,466The weighted average incremental borrowing rates applied to lease liabilities range from 4.75% to 4.90% (2019: from 4.75% to 4.90%).32. GOVERNMENT GRANTS/DEFERRED INCOME20202019二零二零年二零一九年RMB000RMB000人民幣千元人民幣千元Amounts credited to profit or loss during the year: 年內計入損益金額：Subsidies related t

1549、o technology enhancement of production lines (Note a)生產線技術改進補貼 （附註a）59,95442,988Subsidies related to research and development of technology projects (Note b)技術項目研發補貼 （附註b）16,0377,275Incentive subsidies (Note c) 獎勵補貼 （附註c）65,81962,885 141,810113,148 31. 租賃負債應用於租賃負債的加權平均增量借款利率介乎4.75%至4.90%之間 （二零一九年 4.

1550、75%至4.90%之間） 。32. 政府補助金遞延收入Sunny Optical Technology (Group) Company Limited ANNUAL REPORT 2020238Notes to the Consolidated Financial Statements綜合財務報表附註FOR THE YEAR ENDED 31 DECEMBER 2020 截至二零二零年十二月三十一日止年度32. GOVERNMENT GRANTS/DEFERRED INCOME (Continued)31/12/202031/12/2019二零二零年十二月三十一日二零一九年十二月三十一日RMB

1551、000RMB000人民幣千元人民幣千元Deferred income related to government grants: 政府補助金遞延收入：Subsidies related to technology enhancement of production lines (Note a)生產線技術改進補貼 （附註a）55,94559,728Subsidies related to research and development of technology projects (Note b)技術項目研發補貼 （附註b）21,60524,272Total 總計77,55084,000Les

1552、s: current portion 減：即期部份(8,695)(10,106)Non-current portion 非即期部份68,85573,894Notes:(a) The Group received grants from the local government for the purpose of increasing in production capacity for high-end handset lens sets by enhancement of production lines. The amounts are deferred and amortised ov

1553、er the useful lives of the relevant assets in the enhanced production lines.(b) The Group received grants for reimbursement towards the costs of research and development of certain technology projects with local government and various parties. The amounts are deferred and amortised over period of th

1554、e respective research and development projects.(c) Incentive subsidies were received from the local government in recognition of the eminence of development of new products, achievement of certain revenue and export volume milestones of the Group. The subsidies were unconditional and granted on a di

1555、scretionary basis to the Group and recognised in profit or loss when received.32. 政府補助金遞延收入（續）附註：(a) 本集團獲得地方政府的補貼，以通過改進生產線提高高端手機鏡頭產能。該等金額作遞延並於各已改進生產線的相關資產的可使用年期內攤銷。(b) 本集團獲得地方政府及有關各方的補貼，以補助部份技術項目研發成本。該等金額作遞延並於各研究及開發項目期間攤銷。(c) 地方政府提供獎勵補貼以嘉許本集團開發新產品、達到收入指標及發展出口業務。該等補貼為無條件及酌情授予本集團及於收取時於損益中確認。舜宇光學科技 （集團

1556、） 有限公司 2020 年報 239FOR THE YEAR ENDED 31 DECEMBER 2020 截至二零二零年十二月三十一日止年度Notes to the Consolidated Financial Statements綜合財務報表附註33. BONDS PAYABLEOn 16 January 2018, the Company issued unsecured bonds in the amount of US$600 million at the rate of 3.75% which will be due by 2023 to professional investor

1557、s outside of the United States in accordance with Regulation S under the U.S. Securities Act. The issuance has been completed on 23 January 2018 and the listing of the bonds in the Hong Kong Stock Exchange became effective on 24 January 2018.The Company has used all of the net proceeds from the bond

1558、s for funding capital expenditures, fulfilling working capital requirements, refinancing existing indebtedness and other general corporate purposes.During the current year, interest expense of approximately RMB164,282,000 (2019: RMB163,938,000) was recognised in consolidated statement of profit or l

1559、oss and other comprehensive income.34. SHARE CAPITALNumber of sharesAmountEquivalent to股份數目金額相等於HK$000RMB000千港元人民幣千元Authorised: 法定： Ordinary shares of HK$0.10 each at 31 December 2019 and 31 December 2020 於二零一九年十二月三十一日及二零二零年 十二月三十一日每股面值0.10港元的普通股100,000,000,00010,000,000Issued & fully paid: 已發行及繳足：

1560、Ordinary shares of HK$0.10 each at 31 December 2019 and 31 December 2020 於二零一九年十二月三十一日及二零二零年 十二月三十一日每股面值0.10港元的普通股1,096,849,700109,685105,16333. 應付債券於二零一八年一月十六日，本公司根據美國 證券法 S規例向美國境外專業投資者發行於二零二三年到期之600,000,000美元3.75厘的無抵押債券，該發行已於二零一八年一月二十三日完成，且債券於二零一八年一月二十四日起於香港聯交所上市。本公司已將債券所得款項之全部淨額作為資本開支資金、滿足營運資金需求、

1561、現有債務再融資及其他的一般公司用途。於本年度期間，約人民幣164,282,000元（二零一九年：人民幣163,938,00元） 的利息開支於綜合損益及其他全面收益表中確認。34. 股本Sunny Optical Technology (Group) Company Limited ANNUAL REPORT 2020240Notes to the Consolidated Financial Statements綜合財務報表附註FOR THE YEAR ENDED 31 DECEMBER 2020 截至二零二零年十二月三十一日止年度35. CAPITAL RISK MANAGEMENTThe

1562、Group manages its capital to ensure that entities in the Group will be able to continue as a going concern while maximising the return to shareholders through the optimisation of the debt and equity balance. The Groups overall strategy remains unchanged from prior year.The capital structure of the G

1563、roup consists of net debt, which includes the bank borrowings disclosed in Note 30 and bonds payable disclosed in Note 33, net of cash and cash equivalents and equity attributable to owners of the Company, comprising issued share capital, retained profits and other reserves.The directors of the Comp

1564、any review the capital structure on a semi-annual basis. As part of this review, the directors of the Company consider the cost of capital and the risks associated with each class of capital. Based on recommendations of the directors of the Company, the Group will balance its overall capital structu

1565、re through the payment of dividends, new share issues and share buy-backs as well as the issue of new debts or the repayment of existing debts.35. 資本風險管理本集團管理其資本，以確保本集團轄下實體能夠持續經營，同時通過優化債務及權益結構，實現股東回報最大化。本集團的整體策略與去年相同。本集團的資本架構由負債淨額 （包括於附註30中披露的銀行借貸及於附註33中披露的應付債券 （扣除現金及現金等值項目） ） 及本公司股東應佔權益 （包括已發行股本、保留

1566、盈利及其他儲備） 組成。本公司董事每半年檢討一次資本架構。作為檢討的一部份，本公司董事考慮資本成本及各類資本相關風險。根據本公司董事的建議，本集團將透過支付股息、發行新股及股份購回以及發行新債或償還現有債務來平衡其整體資本架構。舜宇光學科技 （集團） 有限公司 2020 年報 241FOR THE YEAR ENDED 31 DECEMBER 2020 截至二零二零年十二月三十一日止年度Notes to the Consolidated Financial Statements綜合財務報表附註36. FINANCIAL INSTRUMENTSa. Categories of financial

1567、 instruments31/12/202031/12/2019二零二零年十二月三十一日二零一九年十二月三十一日RMB000RMB000人民幣千元人民幣千元Financial assets 金融資產Financial assets at FVTPL 按公允值計入損益的金融資產8,686,4225,847,955Derivative financial assets 衍生金融資產21,30727,069Financial assets at amortised cost 按攤銷成本計量的金融資產11,410,60211,321,982Equity instruments at FVTOCI 按公

1568、允值計入其他全面收益的權益工具134,609112,18320,252,94017,309,189Financial liabilities 金融負債Liabilities measured at amortised cost 按攤銷成本計量的負債14,415,36315,267,837Derivative financial liabilities 衍生金融負債106,6701,43014,522,03315,269,267Lease liabilities 租賃負債140,479160,60636. 金融工具a. 金融工具分類Sunny Optical Technology (Group)

1569、 Company Limited ANNUAL REPORT 2020242Notes to the Consolidated Financial Statements綜合財務報表附註FOR THE YEAR ENDED 31 DECEMBER 2020 截至二零二零年十二月三十一日止年度36. FINANCIAL INSTRUMENTS (Continued)b. Financial risk management objectives and policiesThe Groups financial instruments include derivative financial asse

1570、ts/liabilities, trade and other receivables, amounts with related parties, financial assets at FVTPL, debt instruments at amortised cost, equity instruments at FVTOCI, time deposits, short term fixed deposits, pledged bank deposits, bank balances and cash, trade and other payables, lease liabilities

1571、, bank borrowings, long term payables and bonds payable. Details of the financial instruments are disclosed in respective notes. The risks associated with these financial instruments include market risks (foreign currency risk, interest rate risk and other price risk), credit risk and liquidity risk

1572、. The policies on how to mitigate these risks are set out below. The management manages and monitors these exposures to ensure appropriate measures are implemented on a timely and effective manner.Market risksThe Groups activities expose it primarily to the market risks of foreign currency risk, int

1573、erest rate risk and other price risk. Market risk exposures are further measured by sensitivity analysis. Details of each type of market risks are described as follows:Foreign currency riskThe Group undertakes certain foreign currency sales and purchases, which expose the Group to foreign currency r

1574、isk. Certain of the Groups bank balances and cash, trade and other receivables, trade and other payables, bonds payable and bank borrowings are denominated in currencies other than the functional currency of the relevant group entities and expose to such foreign currency risk. The Group manages its

1575、foreign currency risk by closely monitoring the movement of the foreign currency rates and utilising foreign currency forward contracts and foreign currency option contracts.36. 金融工具 （續）b. 財務風險管理目標及政策本集團的金融工具包括衍生金融資產 負債、貿易及其他應收款項、與關連人士之間的款項、按公允值計入損益的金融資產、按攤銷成本計量的債務工具、按公允值計入其他全面收益的權益工具、定期存款、短期定期存款、已抵

1576、押銀行存款、銀行結餘及現金、貿易及其他應付款項、租賃負債、銀行借貸、長期應付款項及應付債券。金融工具的詳情載於相關附註。與此等金融工具相關的風險包括市場風險 （外匯風險、利率風險及其他價格風險） 、信貸風險及流動資金風險。減輕此等風險的政策載列於下文。管理層負責管理及監控此等風險，確保及時有效地採取適當措施。市場風險本集團業務面臨的主要市場風險為外匯風險、利率風險及其他價格風險。市場風險進一步按敏感度分析界定。以下為各類市場風險的詳情：外匯風險本集團進行若干外幣買賣，因而面對外匯風險。本集團若干銀行結餘及現金、貿易及其他應收款項、貿易及其他應付款項、應付債券以及銀行借貸均以相關集團實體功能貨幣

1577、以外的貨幣計值且均面臨有關外匯風險。本集團密切監控匯率變動及使用遠期外匯合約及外匯期權合約以管理外匯風險。舜宇光學科技 （集團） 有限公司 2020 年報 243FOR THE YEAR ENDED 31 DECEMBER 2020 截至二零二零年十二月三十一日止年度Notes to the Consolidated Financial Statements綜合財務報表附註36. FINANCIAL INSTRUMENTS (Continued)b. Financial risk management objectives and policies (Continued)Market risk

1578、s (Continued)Foreign currency risk (Continued)The carrying amounts of the Groups foreign currencies denominated monetary assets and monetary liabilities at the end of the reporting period are as follows:AssetsLiabilities資產負債2020201920202019二零二零年二零一九年二零二零年二零一九年RMB000RMB000RMB000RMB000人民幣千元人民幣千元人民幣千元人

1579、民幣千元USD 美元3,888,1142,292,8316,821,7307,194,353HKD 港元59,96371,5171,150Japanese Yen (“JPY”) 日元39,923106,683394,580407,948Indian Rupee (“INR”) 印度盧比365,975164,8689,22619,708Vietnamese Dong (“VND”) 越南盾5,24736,0057,76614,936 Sensitivity analysisThe Group is mainly exposed to fluctuation in USD, HKD, JPY,

1580、INR and VND against RMB.The following table details the Groups sensitivity to a 5% (2019: 5%) change in respective foreign currencies against RMB. The sensitivity analysis includes only outstanding foreign currencies denominated monetary items and adjusts their translation at the year end date for a

1581、 5% change in foreign currency rates.A positive (negative) number below indicates an increase (decrease) in post-tax profit where the respective functional currencies strengthen 5% against the relevant foreign currencies. For a 5% weakening of the respective functional currencies against the relevan

1582、t currencies, there would be an equal and opposite impact on the post-tax profit.36. 金融工具 （續）b. 財務風險管理目標及政策 （續）市場風險 （續）外匯風險 （續）以下為本集團於報告期末以外幣計值貨幣資產及貨幣負債的賬面值：敏感度分析本集團的主要風險來自美元、港元、日元、印度盧比及越南盾兌人民幣的匯率波動。下表詳述本集團於各外幣兌人民幣升貶值5% （二零一九年：5%） 時的敏感度。敏感度分析僅包括尚未結算的外幣計值貨幣項目，以及有關換算因年結日匯率增減5%而作出的調整。下列正數 （負數） 代表各功能貨幣兌

1583、相關外幣升值5%而導致除稅後溢利增加（減少） 情況。倘各功能貨幣兌相關貨幣貶值5%，則會對除稅後溢利有等額相反的影響。Sunny Optical Technology (Group) Company Limited ANNUAL REPORT 2020244Notes to the Consolidated Financial Statements綜合財務報表附註FOR THE YEAR ENDED 31 DECEMBER 2020 截至二零二零年十二月三十一日止年度36. FINANCIAL INSTRUMENTS (Continued)b. Financial risk managemen

1584、t objectives and policies (Continued)Market risks (Continued)Sensitivity analysis (Continued)Profit for the year年內溢利20202019二零二零年二零一九年RMB000RMB000人民幣千元人民幣千元USD (Note) 美元 （附註）124,679208,315HKD 港元(2,500)(3,039)JPY 日元15,07312,804INR 印度盧比(15,162)(6,169)VND 越南盾107(895)Note: This is mainly attributable to

1585、 the exposure to bank balances, outstanding receivables, outstanding payables, bank borrowings and bonds payable denominated in foreign currency of USD at the year end date.Interest rate riskThe Group is exposed to fair value interest rate risk in relation to fixed-rate bank borrowings (see Note 30

1586、for details of these bank borrowings), lease liabilities (see Note 31 for details of lease liabilities), time deposits, short term fixed deposits and pledged bank deposits (see Note 26 for details of these deposits), debt instruments (see Notes 22 and 23 for details of these debt instruments) and bo

1587、nds payable (see Note 33 for details of the bonds payable). The Group currently does not have interest rate hedging policy. However, the Group monitors interest rate exposures and will consider hedging significant interest rate exposures should the need arise.36. 金融工具 （續）b. 財務風險管理目標及政策 （續）市場風險 （續）敏感

1588、度分析 （續）附註： 主要是來自於年結日以外幣美元計值的銀行結餘、未結算應收款項、未結算應付款項、銀行借貸及應付債券的風險。利率風險本集團因固定利率銀行借貸 （該等銀行借貸詳情見附註30） 、租賃負債 （租賃負債詳情見附註31） 、定期存款、短期定期存款及已抵押銀行存款 （該等存款詳情見附註26） 、債務工具 （該等債務工具詳情見附註22及23） 以及應付債券 （應付債券詳情見附註33） 而面臨公允值利率風險。本集團目前沒有任何利率對沖政策。然而，本集團會監控利率風險並會在有需要時考慮對沖重大利率風險。舜宇光學科技 （集團） 有限公司 2020 年報 245FOR THE YEAR ENDED

1589、 31 DECEMBER 2020 截至二零二零年十二月三十一日止年度Notes to the Consolidated Financial Statements綜合財務報表附註36. FINANCIAL INSTRUMENTS (Continued)b. Financial risk management objectives and policies (Continued)Market risks (Continued)Interest rate risk (Continued)The Group is also exposed to cash flow interest rate ris

1590、k in relation to variable-rate bank balances and bank borrowings (see Note 30 for details of these bank borrowings). The Groups cash flow interest rate risk is mainly concentrated on the fluctuation of interest rates on bank balances and the LIBOR arising from the Groups bank borrowings. The managem

1591、ent will review the proportion of borrowings in fixed and floating rates and ensure they are within reasonable range.A fundamental reform of major interest rate benchmarks is being undertaken globally, including the replacement of some interbank offered rates (“IBORs”) with alternative nearly risk-f

1592、ree rates. As listed in note 30, several of the Groups LIBOR to specify bank loans may be subject to the interest rate benchmark reform. The Group is closely monitoring the transition to new benchmark interest rates.The Groups exposures to interest rates on financial liabilities and lease liabilitie

1593、s are detailed in the liquidity risk management section of this note.36. 金融工具 （續）b. 財務風險管理目標及政策 （續）市場風險 （續）利率風險 （續）本集團亦因可變利率銀行結餘和銀行借貸 （該等銀行借貸詳情見附註30） 而面臨現金流量利率風險。本集團的現金流量利率風險主要集中於銀行結餘及本集團的銀行借貸產生的倫敦銀行同業拆息利率波動。管理層將檢討固定及浮動利率的借貸比例並確保其處於合理範圍內。全球正就主要利率基準進行根本上的改革，包括以近似無風險利率取代若干銀行同業拆息利率 （ 銀行同業拆息利率 ） 。如附註30所

1594、示，本集團多項指定銀行借款的倫敦銀行同業拆息利率可能需要進行利率基準改革。本集團正密切監察過渡至新基準利率的情況。本集團金融負債及租賃負債的利率風險已在本附註流動資金風險管理一節中作詳細說明。Sunny Optical Technology (Group) Company Limited ANNUAL REPORT 2020246Notes to the Consolidated Financial Statements綜合財務報表附註FOR THE YEAR ENDED 31 DECEMBER 2020 截至二零二零年十二月三十一日止年度36. FINANCIAL INSTRUMENTS (

1595、Continued)b. Financial risk management objectives and policies (Continued)Market risks (Continued)Sensitivity analysisThe sensitivity analyses below have been determined based on the exposure to interest rates for both derivatives and non-derivative instruments at the end of the reporting period. Th

1596、e analysis is prepared assuming the financial instruments outstanding at the end of the reporting period were outstanding for the whole year. 50 basis points (2019: 50 basis points) increase or decrease in variable-rate bank borrowings and fixed-rate debt instruments at FVTPL are used represents man

1597、agements assessment of the reasonably possible change in interest rates.If interest rates had been 50 basis points (2019: 50 basis points) higher/lower and all other variables were held constant, the Groups post-tax profit for the year ended 31 December 2020 would have decreased/increased by RMB4,33

1598、1,000 (2019: RMB3,335,000). This is mainly attributable to the Groups exposure to interest rates on its variable-rate bank borrowings and fixed-rate debt instruments at FVTPL.36. 金融工具 （續）b. 財務風險管理目標及政策 （續）市場風險 （續）敏感度分析以下敏感度分析乃根據報告期末衍生工具及非衍生工具的利率風險釐定。該分析乃假設於報告期末未償還的金融工具在全年均未償還而編製。可變利率銀行借貸及按公允值計入損益的固定

1599、利率債務工具增加或減少50個基準點 （二零一九年：50個基準點） 用來代表管理層對利率的合理可能變化的評估。倘利率增加 減少50個基準點 （二零一九年：50個基準點） 且其他所有變量保持不變，本集團於截至二零二零年十二月三十一日止年度的除稅後溢利將減少增加人民幣4,331,000元 （二零一九年：人民幣3,335,000元） ，主要是因為本集團面臨可變利率銀行借貸及按公允值計入損益的固定利率債務工具的利率風險。舜宇光學科技 （集團） 有限公司 2020 年報 247FOR THE YEAR ENDED 31 DECEMBER 2020 截至二零二零年十二月三十一日止年度Notes to the

1600、 Consolidated Financial Statements綜合財務報表附註36. FINANCIAL INSTRUMENTS (Continued)b. Financial risk management objectives and policies (Continued)Market risks (Continued)Other price riskThe Group is exposed to other price risk through its investments in unlisted financial products, fund, debt instrumen

1601、ts and equity investments as financial assets at FVTPL, the foreign currency forward contracts and foreign currency option contracts. The management considers alternative tools to mitigate other price risk and manages this exposure by maintaining a portfolio of investments with different risks. In a

1602、ddition, the Group also invested in certain unquoted equity securities for investees operating in several industry sectors for long term strategic purposes which had been designed as FVTOCI. The management closely monitors such exposure and consider hedging such exposure should the need arise.Sensit

1603、ivity analysisThe sensitivity analyses have been determined based on the exposure to the price risk at the reporting date. For the sensitivity analysis of those financial assets at FVTPL, increase (decrease) in the prices of the respective financial assets would result in an increase (decrease) the

1604、post-tax profit for the year ended 31 December 2020. Sensitivity analyses for unquoted equity securities at FVTOCI with fair value measurement categorised within Level 3 were disclosed in Note 36(c).If the prices of those financial assets at FVTPL had been 5% (2019: 5%) higher/lower, the Groups post

1605、-tax profit for the year ended 31 December 2020 would increase/decrease by RMB369,173,000 (2019: RMB248,538,000).36. 金融工具 （續）b. 財務風險管理目標及政策 （續）市場風險 （續）其他價格風險本集團因其按公允值計入損益的金融資產 （非上市金融產品、基金、債務工具及股權投資） 、遠期外匯合約及外匯期權合約的投資，面臨其他價格風險。管理層考慮用替代工具降低其他價格風險，並且以維持具有各種風險的投資組合管理該等所面臨的風險。此外，本集團亦因長遠策略目的投資若干無報價股權證券，被投

1606、資者營運於數個行業，該等證券指定為按公允值計入其他全面收益。管理層密切監察該等風險，並在有需要時考慮對沖該等風險。敏感度分析敏感度分析乃根據報告期末價格風險釐定。有關按公允值計入損益的金融資產的敏感度分析，倘相應金融資產的價格增加 （減少） ，截至二零二零年十二月三十一日止年度除稅後溢利將相應增加 （減少） 。公允值計量分類為第三級的按公允值計入其他全面收益的無報價股本證券敏感度分析於附註36(c)披露。倘按公允值計入損益的該等金融資產價格高出 低出5% （二零一九年：5%） ，本集團截至二零二零年十二月三十一日止年度的除稅後溢利將增加減少人民幣369,173,000元 （二零一九年：人民幣2

1607、48,538,000元） 。Sunny Optical Technology (Group) Company Limited ANNUAL REPORT 2020248Notes to the Consolidated Financial Statements綜合財務報表附註FOR THE YEAR ENDED 31 DECEMBER 2020 截至二零二零年十二月三十一日止年度36. FINANCIAL INSTRUMENTS (Continued)b. Financial risk management objectives and policies (Continued)Credit r

1608、isk and impairment assessmentAs at 31 December 2020, the Groups maximum exposure to credit risk which will cause a financial loss to the Group arising from the carrying amount of the respective recognised financial assets as stated in the consolidated statement of financial position.In order to mini

1609、mise the credit risk, the management of the Group has delegated a team responsible for determination of credit limits, credit approvals and other monitoring procedures to ensure that follow-up action is taken to recover overdue debts. In addition, the Group performs impairment assessment under ECL m

1610、odel on trade balances individually or based on provision matrix. In this regard, the directors of the Company consider that the Groups credit risk is significantly reduced.The credit risks on liquid funds and derivative financial assets are limited because the counterparties are banks with high cre

1611、dit ratings.As at 31 December 2020 and 2019, the Group has concentration of credit risk on its unlisted financial products at FVTPL. The credit risk on unlisted financial products at FVTPL is limited by the underlying assets invested by the unlisted financial products being the PRC government relate

1612、d debt instruments and treasury notes and the counterparties who issued these unlisted financial products are banks with good reputations.36. 金融工具 （續）b. 財務風險管理目標及政策 （續）信貸風險及減值評估於二零二零年十二月三十一日，本集團承受財務虧損的最大信貸風險來自綜合財務狀況表所列各項已確認金融資產的賬面值。為盡量減低信貸風險，本集團管理層已委派專責隊伍，負責釐定信貸限額、審批信貸及其他監控程序，以確保採取跟進行動收回過期債務。此外，本集團按

1613、預期信貸虧損模式對貿易應收款項個別地或根據撥備矩陣進行減值評估。因此，本公司董事認為本集團的信貸風險已大大降低。由於交易對手均為信貸評級良好的銀行，故有關流動資金及衍生金融資產的信貸風險有限。於二零二零年及二零一九年十二月三十一日，本集團的信貸風險集中於按公允值計入損益的非上市金融產品。按公允值計入損益的非上市金融產品的信貸風險有限，此乃由於非上市金融產品投資的相關資產為中國政府有關債務工具及國庫券，且發行該等非上市金融產品的對手方為聲譽良好的銀行。舜宇光學科技 （集團） 有限公司 2020 年報 249FOR THE YEAR ENDED 31 DECEMBER 2020 截至二零二零年十二

1614、月三十一日止年度Notes to the Consolidated Financial Statements綜合財務報表附註36. FINANCIAL INSTRUMENTS (Continued)b. Financial risk management objectives and policies (Continued)Credit risk and impairment assessment (Continued)Other than concentration of credit risk on liquid funds which are deposited with several

1615、 banks with high credit ratings, the Group has concentration of credit risk as 28% (2019: 31%) and 51% (2019: 66%) of the total trade receivables was due from the Groups largest customer and the five largest customers, respectively. Revenue from the top five trade debtors represent over 56% (2019: 5

1616、8%) of the Groups revenue for the year ended 31 December 2020. The directors of the Company, the associates and the shareholders have no interest in the customers mentioned above. The largest five customers manufacturing facilities are located in the PRC and their principal activities are manufactur

1617、ing of smartphones and optical related products.The Group also has concentration of credit risk on its deposits for acquisition of property, plant and equipment as 61% (2019: 42%) of the total deposits for acquisition of property, plant and equipment was paid to the Groups largest three suppliers of

1618、 property, plant and equipment. The credit risk on the deposits paid is limited as these suppliers are large construction enterprises and equipment suppliers in the PRC, Hong Kong and Japan.Other than the above, the Group has no other significant concentration of credit risk with exposure spread ove

1619、r a large number of counterparties and customers.36. 金融工具 （續）b. 財務風險管理目標及政策 （續）信貸風險及減值評估 （續）除於若干信貸評級良好的銀行存放的流動資金存在信貸集中風險外，本集團另有信貸集中風險，皆因本集團總貿易應收款項中，最大客戶與前五大客戶分別佔28% （二零一九年：31%）及51% （二零一九年：66%） 。來自前五大貿易債務人的收入佔截至二零二零年十二月三十一日止年度本集團收入逾56% （二零一九年：58%） 。本公司董事、聯繫人及股東於上述客戶中並無任何權益。前五大客戶的生產設施位於中國，其主要業務為製造智能手機

1620、及光學相關產品。本集團因購置物業、機器及設備的按金而承受信貸集中風險，皆因本集團已向前三大物業、機器及設備供應商支付購置物業、機器及設備總按金的61% （二零一九年：42%） 。已付按金的信貸風險有限，因為該等供應商為中國、香港及日本的大型建築企業及設備供應商。除上文所述者外，本集團並無其他重大信貸集中風險，皆因有關風險乃分散於多名對手方及客戶之中。Sunny Optical Technology (Group) Company Limited ANNUAL REPORT 2020250Notes to the Consolidated Financial Statements綜合財務報表附註

1621、FOR THE YEAR ENDED 31 DECEMBER 2020 截至二零二零年十二月三十一日止年度36. FINANCIAL INSTRUMENTS (Continued)b. Financial risk management objectives and policies (Continued)Credit risk and impairment assessment (Continued)The Groups internal credit risk grading assessment comprises the following categories:Internal cr

1622、edit ratingDescriptionTrade receivablesOther financial assets內部信貸評級描述貿易應收款項其他金融資產Low risk低風險The counterparty has a low risk of default and does not have any past-due amounts對手方的違約風險低，且無任何 逾期款項Lifetime ECL-not credit-impaired全期預期信貸虧損 無信貸減值12m ECL12個月預期信貸虧損Watch list觀察名單Debtor frequently repays after

1623、due dates but usually settle in full債務人經常於到期日後還款，但通常 於到期日後結清Lifetime ECL-not credit-impaired全期預期信貸虧損 無信貸減值12m ECL12個月預期信貸虧損Doubtful不確定的There have been significant increases in credit risk since initial recognition through information developed internally or external resources自經內部或外部資源建立的資料初步 確認以來，信貸

1624、風險大幅上升Lifetime ECL-not credit-impaired全期預期信貸虧損 無信貸減值Lifetime ECL-not credit-impaired全期預期信貸虧損 無信貸減值Loss虧損There is evidence indicating the asset is credit-impaired證據顯示資產出現信貸減值Lifetime ECL-credit- impaired全期預期信貸虧損 信貸減值Lifetime ECL-credit- impaired全期預期信貸虧損 信貸減值Write-off撇銷There is evidence indicating tha

1625、t the debtor is in severe financial difficulty and the Group has no realistic prospect of recovery證據顯示債務人處於嚴重財務困難， 本集團對收回欠款無實際期望Amount is written off款額已撇銷Amount is written off款額已撇銷36. 金融工具 （續）b. 財務風險管理目標及政策 （續）信貸風險及減值評估 （續）本集團的內部信貸評級評估包括以下類別：舜宇光學科技 （集團） 有限公司 2020 年報 251FOR THE YEAR ENDED 31 DECEMBER

1626、 2020 截至二零二零年十二月三十一日止年度Notes to the Consolidated Financial Statements綜合財務報表附註36. FINANCIAL INSTRUMENTS (Continued)b. Financial risk management objectives and policies (Continued)Credit risk and impairment assessment (Continued)The table below details the credit risk exposures of the Groups financial

1627、 assets, which are subject to ECL assessment:NotesExternalcredit ratingInternal creditrating12-month orlifetime ECL2020Gross Carryingamount2019Gross Carryingamount附註外部信貸評級內部信貸評級12個月或全期預期信貸虧損二零二零年總賬面值二零一九年總賬面值RMB000RMB000RMB000RMB000人民幣千元人民幣千元人民幣千元人民幣千元Financial assets at amortised cost按攤銷成本計量的金融資產Tr

1628、ade receivables貿易應收款項25N/A不適用Note b附註bLifetime ECL (provision matrix)全期預期信貸虧損 （撥備矩陣）6,798,8588,375,781Loss虧損Credit-impaired出現信貸減值89,2886,888,14695,0078,470,788Loan receivables應收貸款25N/A不適用Note c附註c12m ECL12個月預期信貸虧損164,998164,998116,184116,184Bill receivables應收票據25N/A不適用Note a附註a12m ECL12個月預期信貸虧損756,5

1629、30756,530758,311758,311Other receivables其他應收款項25N/A不適用Note a附註a12m ECL12個月預期信貸虧損63,88263,88267,12167,121Debt instruments at amortised cost按攤銷成本計量的債務工具22BB-BB-N/A不適用12m ECL12個月預期信貸虧損52,82352,82383,71183,711Time deposits定期存款26AA+AA+N/A不適用12m ECL12個月預期信貸虧損500,000500,000Short term fixed deposits短期定期存款26

1630、AA+AA+N/A不適用12m ECL12個月預期信貸虧損234,917234,91715,00015,000Pledged bank deposits已抵押銀行存款26AA+AA+N/A不適用12m ECL12個月預期信貸虧損3,4383,4386,1136,113Bank balances and cash銀行結餘及現金26AA+AA+N/A不適用12m ECL12個月預期信貸虧損2,841,7712,841,7711,917,2391,917,23936. 金融工具 （續）b. 財務風險管理目標及政策 （續）信貸風險及減值評估 （續）下表詳列本集團受限於預期信貸虧損評估的金融資產的所面臨

1631、的信貸風險：Sunny Optical Technology (Group) Company Limited ANNUAL REPORT 2020252Notes to the Consolidated Financial Statements綜合財務報表附註FOR THE YEAR ENDED 31 DECEMBER 2020 截至二零二零年十二月三十一日止年度36. FINANCIAL INSTRUMENTS (Continued)b. Financial risk management objectives and policies (Continued)Credit risk and

1632、impairment assessment (Continued)Notes:a. For the purposes of internal credit risk management, the Group uses past due information to assess whether credit risk has increased significantly since initial recognition.2020Past dueNot past due/No fixedrepaymenttermTotal二零二零年逾期款項無逾期無固定還款期總額RMB000RMB000RM

1633、B000人民幣千元人民幣千元人民幣千元Bill receivables 應收票據756,530756,530Other receivables 其他應收款項63,88263,882 820,412820,412 2019Past dueNot past due/No fixedrepaymenttermTotal二零一九年逾期款項無逾期無固定還款期總額RMB000RMB000RMB000人民幣千元人民幣千元人民幣千元Bill receivables 應收票據758,311758,311Other receivables 其他應收款項67,12167,121825,432825,432b. Fo

1634、r trade receivables, the Group has applied the simplified approach in HKFRS 9 to measure the loss allowance at lifetime ECL. Except for debtors with credit-impaired, the Group determines the ECL on these items by using a provision matrix, grouped by debtors aging.c. The Group provides fixed-rate loa

1635、ns with a term from one month to one year to local individuals and small enterprises in the PRC. All loans are either backed by guarantees and/or secured by collaterals. The credit risk of loan receivables is low.36. 金融工具 （續）b. 財務風險管理目標及政策 （續）信貸風險及減值評估 （續）附註：a. 出於內部信貸風險管理的目的，本集團採用逾期資料評估信貸風險自初步確認以來有否

1636、大幅上升。b. 就貿易應收款項而言，本集團應用了香港財務報告準則第9號的簡單方法以計量全期預期信貸虧損的虧損撥備。除出現信貸減值的債務人外，本集團使用撥備矩陣 （按債務人賬齡分組） 釐定該等項目的預期信貸虧損。c. 本集團向中國當地個體及小型企業提供期限為一個月至一年的固定利率貸款。所有貸款均由擔保支持及或由抵押擔保。應收貸款的信貸風險不高。舜宇光學科技 （集團） 有限公司 2020 年報 253FOR THE YEAR ENDED 31 DECEMBER 2020 截至二零二零年十二月三十一日止年度Notes to the Consolidated Financial Statements綜

1637、合財務報表附註36. FINANCIAL INSTRUMENTS (Continued)b. Financial risk management objectives and policies (Continued)Credit risk and impairment assessment (Continued)As part of the Groups credit risk management, except for the debtors with credit-impaired the Group uses debtors aging to assess the impairment

1638、 for its customers which are with common risk characteristics that are representative of the customers abilities to pay all amounts due in accordance with the contractual terms. The following table provides information about the exposure to credit risk and ECL for trade receivables which are assesse

1639、d collectively based on provision matrix with lifetime ECL (not credit-impaired). Debtors with credit-impaired with gross carrying amount of RMB89,288,000 as at 31 December 2020 (2019: RMB95,007,000) were assessed individually.2020Averageloss rateGross carryingamountImpairment loss allowance二零二零年平均虧

1640、損率總賬面值減值虧損撥備RMB000RMB000人民幣千元人民幣千元1 90 days 1至90天0.01%6,600,31559691 120 days 91至120天0.20%177,932363121 180 days 121至180天0.78%14,126110More than 180 days 180天以上85.52%6,4855,546 6,798,8586,615 36. 金融工具 （續）b. 財務風險管理目標及政策 （續）信貸風險及減值評估 （續）作為本集團信貸風險管理的一部份，除出現信貸減值的應收款項外，本集團使用債務人的賬齡評估其客戶的減值，因該等客戶包含具有相同風險特徵

1641、 （反映客戶根據合約條款支付所有到期款項的能力） 。下表提供有關所面臨的信貸風險及基於撥備矩陣於全期預期信貸虧損 （無信貸減值） 內作出整體評估的貿易應收款項的預期信貸虧損的資料。於二零二零年十二月三十一日，總賬面值為人民幣89,288,000元（二零一九年：人民幣95,007,000元）的信貸減值債務人則作獨立評估。Sunny Optical Technology (Group) Company Limited ANNUAL REPORT 2020254Notes to the Consolidated Financial Statements綜合財務報表附註FOR THE YEAR END

1642、ED 31 DECEMBER 2020 截至二零二零年十二月三十一日止年度36. FINANCIAL INSTRUMENTS (Continued)b. Financial risk management objectives and policies (Continued)Credit risk and impairment assessment (Continued)2019Average loss rateGross carrying amountImpairment loss allowance二零一九年平均虧損率總賬面值減值虧損撥備RMB000RMB000人民幣千元人民幣千元1 90

1643、 days 1至90天0.01%8,147,07350691 120 days 91至120天1.64%192,5063,165121 180 days 121至180天1.47%19,634289More than 180 days 180天以上81.59%16,56813,518 8,375,78117,478 The estimated loss rates are estimated based on historical observed default rates over the expected life of the debtors and forward-looking i

1644、nformation that is available without undue cost or effort. The grouping is regularly reviewed by management to ensure relevant information about specific debtors is updated.During the year ended 31 December 2020, the Group reversed RMB6,499,000, which was net off recognition of RMB6,603,000 (2019: r

1645、eversal of RMB4,249,000) impairment allowance for trade receivables based on the provision matrix and reversed RMB5,719,000 (2019: recognition of RMB1,432,000) impairment allowance for credit impaired debtors, respectively.36. 金融工具 （續）b. 財務風險管理目標及政策 （續）信貸風險及減值評估 （續）估計虧損率乃基於債務人的預期壽命內的歷史觀察違約率及無需付出不必要的

1646、成本或努力而獲得的前瞻性資料進行評估。分類由管理層定期檢討，以確保有關特定債務人的相關資料是最新的。截至二零二零年十二月三十一日止年度，本集團基於撥備矩陣撥回扣除確認人民幣6,603,000元的人民幣6,499,000元 （二零一九年：撥回人民幣4,249,000元） 的應收貿易款項減值撥備，並撥回人民幣5,719,000元 （二零一九年：確認人民幣1,432,000元）的信貸減值債務人減值撥備。舜宇光學科技 （集團） 有限公司 2020 年報 255FOR THE YEAR ENDED 31 DECEMBER 2020 截至二零二零年十二月三十一日止年度Notes to the Consol

1647、idated Financial Statements綜合財務報表附註36. FINANCIAL INSTRUMENTS (Continued)b. Financial risk management objectives and policies (Continued)Credit risk and impairment assessment (Continued)The following table shows the movement in lifetime ECL that has been recognised for trade receivables under the sim

1648、plified approach.Lifetime ECL (not credit-impaired)Lifetime ECL (credit-impaired)Total全期預期信貸虧損（無信貸減值）全期預期信貸虧損（出現信貸減值）總額RMB000RMB000RMB000人民幣千元人民幣千元人民幣千元As at 1 January 2019 於二零一九年一月一日8,01193,575101,586Changes due to financial assets recognised at 1 January 2019:因於二零一九年一月一日確認的金融資產的變動： Impairment loss

1649、es recognised 確認減值虧損1,4321,432 Impairment losses reversed 撥回減值虧損(4,249)(4,249)New financial assets originated 產生新金融資產13,71613,716As at 31 December 2019於二零一九年十二月三十一日17,47895,007112,485Changes due to financial assets recognised at 1 January 2020:因於二零二零年一月一日確認的金融資產的變動： Transfer to credit-impaired 轉撥至信貸

1650、減值(4,364)4,364 Impairment losses reversed 確認減值虧損(13,102)(5,719)(18,821) Write-offs 撇銷(4,364)(4,364)New financial assets originated 產生新金融資產6,6036,603 As at 31 December 2020於二零二零年十二月三十一日6,61589,28895,90336. 金融工具 （續）b. 財務風險管理目標及政策 （續）信貸風險及減值評估 （續）下表載列已於簡單方法下確認的貿易應收款項全期預期信貸虧損變動。Sunny Optical Technology

1651、(Group) Company Limited ANNUAL REPORT 2020256Notes to the Consolidated Financial Statements綜合財務報表附註FOR THE YEAR ENDED 31 DECEMBER 2020 截至二零二零年十二月三十一日止年度36. FINANCIAL INSTRUMENTS (Continued)b. Financial risk management objectives and policies (Continued)Credit risk and impairment assessment (Continue

1652、d)The Group writes off a trade receivable when there is information indicating that debtors is in severe financial difficulty and there is no realistic prospect of recovery, e.g. when the debtors has been placed under liquidation or has entered into bankruptcy proceedings.Liquidity riskThe Group has

1653、 net current assets amounting to approximately RMB12,218,409,000 at 31 December 2020 (31 December 2019: RMB9,815,555,000) and has low exposure to liquidity risk of being unable to raise sufficient funds to meet its financial obligations when they fall due.In the management of the liquidity risk, the

1654、 Group monitors and maintains a level of cash and cash equivalents deemed adequate by the management to finance the Groups operations and mitigate the effects of fluctuations in cash flows.The table below analyses the Groups financial liabilities and net-settled derivative financial liabilities into

1655、 relevant maturity groupings based on the remaining period from the year end date to their maturity date. The amounts disclosed in the table are the contractual undiscounted cash flows, based on floating interest rate or exchange rates (where applicable) prevailing at the year end date.36. 金融工具 （續）b

1656、. 財務風險管理目標及政策 （續）信貸風險及減值評估 （續）本集團於有資料顯示債務人處於嚴重財務困難及對收回欠款無實際期望時撇銷該項貿易應收款項 （例如於債務人已被清盤或已進入破產程序時） 。流動資金風險本集團於二零二零年十二月三十一日 的 流 動 資 產 淨 值 約 人 民 幣12,218,409,000元 （二零一九年十二月三十一日：人民幣9,815,555,000元） ，故因未能籌募足夠資金清償到期金融負債的流動資金風險相當低。為管理流動資金風險，本集團監控及維持管理層認為足夠的現金及現金等值項目，用作本集團的營運資金及減輕現金流量不穩定的影響。下表載列基於年終日至到期日的剩餘期間按有關

1657、到期組別對本集團金融負債及以淨額結算的衍生金融負債的分析。表格所披露金額為基於年終日的浮動利率或匯率 （如適用） 的未貼現合約現金流量。舜宇光學科技 （集團） 有限公司 2020 年報 257FOR THE YEAR ENDED 31 DECEMBER 2020 截至二零二零年十二月三十一日止年度Notes to the Consolidated Financial Statements綜合財務報表附註36. FINANCIAL INSTRUMENTS (Continued)b. Financial risk management objectives and policies (Contin

1658、ued)Liquidity risk (Continued)Liquidity tablesWeighted average effective interest rateOn demand or less than3 months3 monthsto 1 year1 year to5 years5 years to10 yearsTotalundiscounted amountCarryingamount加權平均實際利率即期或三個月內三個月至一年一年至五年五年至十年未貼現總額賬面值RMB000RMB000RMB000RMB000RMB000RMB000人民幣千元人民幣千元人民幣千元人民幣千元

1659、人民幣千元人民幣千元As at 31 December 2020 於二零二零年十二月三十一日Non-derivative financial liabilities 非衍生金融負債Trade and other payables 貿易及其他應付款項7,008,0651,188,1678,196,2328,196,232Amounts due to related parties 應付關連人士款項5,5601,4366,9966,996Bank borrowings fixed rate 銀行借貸固定利率2.96%24,6111,120,6351,145,2461,124,500Bank bor

1660、rowings variable rate 銀行借貸可變利率0.95%950,025950,025946,111Bonds payable 應付債券4.00%73,40573,4054,135,1554,281,9653,895,888Long term payables 長期應付款項2.27%257,117257,117245,6367,111,6413,333,6684,392,27214,837,58114,415,363 Lease liabilities 租賃負債4.80%12,32936,75883,74523,119155,951140,479 Derivative financ

1661、ial liabilities net settled衍生金融負債淨額結算Foreign currency options contracts 外匯期權合約11,03487,42098,45496,805 Foreign currency forward contracts 外匯遠期合約3,5621,5695,13610,2679,865Total 總計7,138,5663,459,4154,481,15323,11915,102,25314,662,51236. 金融工具 （續）b. 財務風險管理目標及政策 （續）流動資金風險 （續）流動資金表Sunny Optical Technology

1662、 (Group) Company Limited ANNUAL REPORT 2020258Notes to the Consolidated Financial Statements綜合財務報表附註FOR THE YEAR ENDED 31 DECEMBER 2020 截至二零二零年十二月三十一日止年度36. FINANCIAL INSTRUMENTS (Continued)b. Financial risk management objectives and policies (Continued)Liquidity risk (Continued)Liquidity tables (Co

1663、ntinued)Weighted average effective interest rateOn demand or less than3 months3 monthsto 1 year1 year to5 years5 years to10 yearsTotalundiscounted amountCarryingamount加權平均實際利率即期或三個月內三個月至一年一年至五年五年至十年未貼現總額賬面值RMB000RMB000RMB000RMB000RMB000RMB000人民幣千元人民幣千元人民幣千元人民幣千元人民幣千元人民幣千元As at 31 December 2019 於二零一九

1664、年十二月三十一日Non-derivative financial liabilities 非衍生金融負債Trade and other payables 貿易及其他應付款項9,686,4849,686,4849,686,484Amounts due to related parties 應付關連人士款項7,4987,4987,498Bank borrowings fixed rate 銀行借貸固定利率2.77%424,311424,311418,572Bank borrowings variable rate 銀行借貸可變利率3.28%718,855718,855700,000Bonds pa

1665、yable 應付債券4.00%78,48278,482627,8563,950,2764,735,0964,156,074Long term payables 長期應付款2.27%210,831105,416316,247299,209 9,772,4641,221,648838,6874,055,69215,888,49115,267,837 Lease liabilities 租賃負債4.80%9,64935,148105,93230,842181,571160,606 Derivative financial liabilities net settled衍生金融負債淨額結算Foreig

1666、n currency options contracts 外匯期權合約1,4301,4301,430 Total 總計9,782,1131,258,226944,6194,086,53416,071,49215,429,873 The amounts included above for variable interest rate instruments for non-derivative financial liabilities are subject to change if changes in variable interest rates differ from the est

1667、imates of interest rates determined at the end of the reporting period.36. 金融工具 （續）b. 財務風險管理目標及政策 （續）流動資金風險 （續）流動資金表 （續）倘可變利率變動與在報告期末釐定的利率估計值不同，則上述非衍生金融負債的可變利率工具金額也隨之變動。舜宇光學科技 （集團） 有限公司 2020 年報 259FOR THE YEAR ENDED 31 DECEMBER 2020 截至二零二零年十二月三十一日止年度Notes to the Consolidated Financial Statements綜合財務

1668、報表附註36. FINANCIAL INSTRUMENTS (Continued)c. Fair value measurements of financial instrumentsThis note provides information about how the Group determines fair values of various financial assets and financial liabilities.The directors of the Company consider that the carrying amounts of financial ass

1669、ets and financial liabilities measured at amortised cost in the consolidated financial statements approximate their fair values.Fair value of the Groups financial assets and financial liabilities that are measured at fair value on a recurring basisFinancial assets/liabilitiesFair value as atFair val

1670、uehierarchyValuation techniqueand key inputs金融資產負債於以下日期的公允值公允值等級估值法及主要輸入數據31 December 202031 December 2019二零二零年十二月三十一日二零一九年十二月三十一日Financial assets at fair value through profit or lossListed debt instruments: RMB72,884,000Listed debt instruments: RMB84,568,000Level 1Quoted bid prices in an active mar

1671、ket按公允值計入損益的金融資產上市債務工具： 人民幣72,884,000元上市債務工具： 人民幣84,568,000元第一級活躍市場的市場報價Financial assets at fair value through profit or lossFunds investments: RMB282,711,000Funds investments: RMB373,638,000Level 2Discounted cash flowsKey inputs are:(1) Expected yields of debt instruments invested by banks(2) A dis

1672、count rate that reflects the credit risk of the banks按公允值計入損益的金融資產基金投資： 人民幣282,711,000元基金投資： 人民幣373,638,000元第二級貼現現金流量主要輸入數據：(1) 銀行投資債務工具的預期收益(2) 反映銀行信貸風險的貼現率36. 金融工具 （續）c. 金融工具的公允值計量本附註提供有關本集團如何釐定不同金融資產及金融負債公允值的資料。本公司董事認為，在綜合財務報表中按攤銷成本計量的金融資產及金融負債的賬面值與其公允值相若。按經常性基準以公允值計量的本集團金融資產及金融負債的公允值Sunny Optica

1673、l Technology (Group) Company Limited ANNUAL REPORT 2020260Notes to the Consolidated Financial Statements綜合財務報表附註FOR THE YEAR ENDED 31 DECEMBER 2020 截至二零二零年十二月三十一日止年度Financial assets/liabilitiesFair value as atFair valuehierarchyValuation techniqueand key inputs金融資產負債於以下日期的公允值公允值等級估值法及主要輸入數據31 Decemb

1674、er 202031 December 2019二零二零年十二月三十一日二零一九年十二月三十一日Foreign currency forward contracts classified as derivatives financial assets and liabilitiesCurrent derivative financial assets: RMB17,657,000Current and non-current derivative financial liabilities: RMB9,865,000Current and non-current derivative finan

1675、cial assets: RMB22,462,000Level 2Discounted cash flowsKey inputs:(1) A discount rate that reflects the credit risk of the banks(2) Forward exchange rate分類為衍生金融資產及負債的 遠期外匯合約流動衍生金融資產： 人民幣17,657,000元流動及非流動衍生金融負債： 人民幣9,865,000元流動及非流動衍生金融資產：人民幣22,462,000元第二級貼現現金流量主要輸入數據：(1) 反映銀行信貸風險的貼現率(2) 遠期匯率Financial

1676、assets at fair value through profit or lossUnlisted financial products: RMB8,197,475,000Unlisted financial products: RMB5,289,170,000Level 2Discounted cash flowsKey inputs are:(1) Expected yields of debt instruments invested by banks(2) A discount rate that reflects the credit risk of the banks按公允值計

1677、入損益的金融資產非上市金融產品： 人民幣8,197,475,000元非上市金融產品： 人民幣5,289,170,000元第二級貼現現金流量主要輸入數據：(1) 銀行投資債務工具的預期收益(2) 反映銀行信貸風險的貼現率36. FINANCIAL INSTRUMENTS (Continued)c. Fair value measurements of financial instruments (Continued)Fair value of the Groups financial assets and financial liabilities that are measured at fa

1678、ir value on a recurring basis (Continued)36. 金融工具 （續）c. 金融工具的公允值計量 （續）按經常性基準以公允值計量的本集團金融資產及金融負債的公允值 （續）舜宇光學科技 （集團） 有限公司 2020 年報 261FOR THE YEAR ENDED 31 DECEMBER 2020 截至二零二零年十二月三十一日止年度Notes to the Consolidated Financial Statements綜合財務報表附註Financial assets/liabilitiesFair value as atFair valuehierarch

1679、yValuation techniqueand key inputs金融資產負債於以下日期的公允值公允值等級估值法及主要輸入數據31 December 202031 December 2019二零二零年十二月三十一日二零一九年十二月三十一日Foreign currency options contracts classified as derivatives financial assets and liabilitiesCurrent derivative financial assets: RMB3,650,000Current derivative financial liabiliti

1680、es: RMB96,805,000Current derivative financial assets: RMB4,607,000Current derivative financial liabilities: RMB1,430,000Level 3Black-scholes modelKey unobservable inputs:Volatility of the foreign exchange rate (Note a)分類為衍生金融資產及負債的 外匯期權合約流動衍生金融資產： 人民幣3,650,000元流動衍生金融負債： 人民幣96,805,000元流動衍生金融資產： 人民幣4,

1681、607,000元流動衍生金融負債： 人民幣1,430,000元第三級柏力克舒爾斯模式主要不可觀察輸入數據： 匯率波動 （附註a）Unlisted equity investmentsEquity instruments at FVTOCI: RMB134,609,000Equity investments at FVTPL: RMB133,352,000Equity instruments at FVTOCI: RMB112,183,000Equity investments at FVTPL: RMB100,579,000Level 3Market approachKey unobserva

1682、ble inputs:(1) Revenue growth rate(2) P/S multiples of selected comparable companies (Note b)非上市股權投資按公允值計入其他全面 收益的權益工具： 人民幣134,609,000元按公允值計入損益的 股權投資： 人民幣133,352,000元按公允值計入其他全面 收益的權益工具： 人民幣112,183,000元按公允值計入損益的 股權投資： 人民幣100,579,000元第三級市場法主要不可觀察輸入數據：(1) 收入增長率(2) 選定可資比較公司的市銷率倍數 （附註b）Note a: The higher

1683、 the volatility of the foreign exchange rate, the higher the fair value.Note b: The higher the revenue growth rate, the higher the fair value. The higher the P/S multiples, the higher the fair value.There is no transfer among level 1, 2 and 3 during the year.36. FINANCIAL INSTRUMENTS (Continued)c. F

1684、air value measurements of financial instruments (Continued)Fair value of the Groups financial assets and financial liabilities that are measured at fair value on a recurring basis (Continued)36. 金融工具 （續）c. 金融工具的公允值計量 （續）按經常性基準以公允值計量的本集團金融資產及金融負債的公允值 （續）附註a： 匯率愈波動，公允值愈高。附註b： 收入增長率愈高，公允值愈高。市銷率倍數，公允值愈高

1685、。年內第一、二級與第三級之間並無轉移。Sunny Optical Technology (Group) Company Limited ANNUAL REPORT 2020262Notes to the Consolidated Financial Statements綜合財務報表附註FOR THE YEAR ENDED 31 DECEMBER 2020 截至二零二零年十二月三十一日止年度36. FINANCIAL INSTRUMENTS (Continued)c. Fair value measurements of financial instruments (Continued)Reco

1686、nciliation of Level 3 fair value measurements of financial assetsForeign currency options contractsFVTOCIFVTPLTotal外匯期權合約按公允值計入其他全面收益按公允值計入損益總額RMB000RMB000RMB000RMB000人民幣千元人民幣千元人民幣千元人民幣千元At 1 January 2019 於二零一九年一月一日(344)106,58377,880184,119Total gains (losses) 收益 （虧損） 總額2,9656,9499,914 in profit or

1687、loss 於損益2,9656,9499,914 in other comprehensive expense 於其他全面開支Purchases 購買2125,60015,75021,562Settlements 結算344344At 31 December 2019 於二零一九年十二月三十一日3,177112,183100,579215,939At 1 January 2020 於二零二零年一月一日3,177112,183100,579215,939Total gains (loss) 收益 （虧損） 總額(93,155)22,32632,773(38,056) in profit or lo

1688、ss於損益(93,155)32,773(60,382) in other comprehensive expense 於其他全面開支22,32622,326Purchases 購買100100Settlements 結算(3,177)(3,177)At 31 December 2020於二零二零年十二月三十一日(93,155)134,609133,352174,80636. 金融工具 （續）c. 金融工具的公允值計量 （續）金融資產的第三級公允值計量的對賬舜宇光學科技 （集團） 有限公司 2020 年報 263FOR THE YEAR ENDED 31 DECEMBER 2020 截至二零二零

1689、年十二月三十一日止年度Notes to the Consolidated Financial Statements綜合財務報表附註37. COMMITMENTS31/12/202031/12/2019二零二零年十二月三十一日二零一九年十二月三十一日RMB000RMB000人民幣千元人民幣千元Capital expenditure in respect of acquisition of property, plant and equipment contracted for but not provided in the consolidated financial statements已訂約

1690、但未於綜合財務報表提供的有關收購物業、 機器及設備的資本開支356,008953,20038. OPERATING LEASESThe Group as lessorAt the end of the reporting period, the Group has contracted with tenants for the following future minimum lease payments:31/12/202031/12/2019二零二零年十二月三十一日二零一九年十二月三十一日RMB000RMB000人民幣千元人民幣千元Within one year 一年內1,9422,650

1691、In the second year 第二年1,1861,998In the third year 第三年1,1991,446In the fourth year 第四年1,2251,156In the fifth year 第五年1,2251,182After five years 五年以後2,2393,2379,01611,66937. 承擔38. 經營租賃本集團作為出租人於報告期末，本集團已就下列未來最低租賃付款與承租人訂約：Sunny Optical Technology (Group) Company Limited ANNUAL REPORT 2020264Notes to the

1692、 Consolidated Financial Statements綜合財務報表附註FOR THE YEAR ENDED 31 DECEMBER 2020 截至二零二零年十二月三十一日止年度39. RETIREMENT BENEFIT SCHEME20202019二零二零年二零一九年RMB000RMB000人民幣千元人民幣千元Retirement benefit scheme contribution made during the year年內退休福利計劃供款219,621191,244The employees of the Groups PRC subsidiaries are memb

1693、ers of a state-managed retirement benefit scheme operated by the local government. The subsidiaries are required to contribute a specified percentage of their payroll costs to the retirement benefit scheme to fund the benefits. The only obligation of the Group with respect to the retirement benefit

1694、scheme is to make the specified contributions.The Group also participates in a Mandatory Provident Fund Scheme (“the MPF Scheme”) established under the Mandatory Provident Fund Ordinance in December 2000 for the Groups Hong Kong employees. The assets of the MPF Scheme are held separately from those

1695、of the Group, in funds under the control of trustees. For employees who are members of the MPF Scheme, the Group contributes 5% of relevant payroll costs to the scheme subject to a maximum of approximately RMB1,320 (equivalent to HK$1,500) per month, which contribution is matched by the employee.39.

1696、 退休福利計劃本集團中國附屬公司的僱員已參加地方政府經營的國家管理退休福利計劃。該等附屬公司須自薪金成本撥出特定百分比的款項作為退休福利計劃的供款。本集團於該退休福利計劃的唯一責任為向該計劃作出定額供款。本集團亦為香港僱員參加二零零零年十二月根據強制性公積金計劃條例設立的強制公積金計劃 （ 強積金計劃 ） 。強積金計劃的資產獨立於本集團資產，存放於由信託人管理的基金。本集團按身為強積金計劃成員的僱員之相關薪金成本5%向該計劃供款，上限為每月約人民幣1,320元 （相等於1,500港元） ，而僱員亦會作相應供款。舜宇光學科技 （集團） 有限公司 2020 年報 265FOR THE YEAR E

1697、NDED 31 DECEMBER 2020 截至二零二零年十二月三十一日止年度Notes to the Consolidated Financial Statements綜合財務報表附註40. RECONCILIATION OF LIABILITIES ARISING FROM FINANCING ACTIVITIESThe table below details changes in the Groups liabilities arising from financing activities, including both the cash and non-cash changes. L

1698、iabilities arising from financing activities are those for which cash flows were, or future cash flows will be classified in the Groups consolidated statement of cash flows as cash flows from financing activities.Bank borrowingsInterest payablesBondspayableDividend payablesLease liabilitiesOther pay

1699、ablesTotal(Note 30)(Note 28)(Note 33)(Note 31)銀行借貸（附註30）應付利息（附註28）應付債券（附註33）應付股息租賃負債（附註31）其他應付款項總額RMB000RMB000RMB000RMB000RMB000RMB000RMB000人民幣千元人民幣千元人民幣千元人民幣千元人民幣千元人民幣千元人民幣千元At 1 January 2019 於二零一九年一月一日1,482,40570,0624,079,983131,2175,763,667Financing cash flows 融資現金流量(381,776)(239,531)(623,501)(46

1700、,988)(170,255)(1,462,051)New leases entered 訂立之新租賃94,91294,912Termination of lease 終止租賃(25,489)(25,489)Interest on lease liability 租賃負債利息6,9546,954Interests on bank borrowings 銀行借貸利息71,45171,451Interests on bonds payable 應付債券利息155,1268,812163,938Interest on long term payable 長期應付款項利息8,0958,095Foreig

1701、n exchange translation 外幣換算17,9434,54167,27989,763Dividend recognised as distribution 確認為分派之股息623,501623,501Purchase of shares under share-award scheme 根據股份獎勵計劃購買股份170,255170,255At 31 December 2019 於二零一九年十二月三十一日1,118,57269,7444,156,074160,6065,504,996At 1 January 2020 於二零二零年一月一日1,118,57269,7444,156,

1702、074160,6065,504,996Financing cash flows 融資現金流量1,016,745(224,439)(796,458)(45,065)(151,397)(200,614)New leases entered 訂立之新租賃27,71427,714Termination of lease 終止租賃(2,776)(2,776)Interest on lease liability 租賃負債利息7,5637,563Interests on bank borrowings 銀行借貸利息54,73754,737Interests on bonds payable 應付債券利息1

1703、55,1159,167164,282Interest on long term payable 長期應付款項利息7,1587,158Foreign exchange translation 外幣換算(64,706)(4,000)(269,353)(338,059)Dividend recognised as distribution 確認為分派之股息796,458796,458Purchase of shares under share-award scheme 根據股份獎勵計劃購買股份151,397151,397At 31 December 2020 於二零二零年十二月三十一日2,070,6

1704、1165,8783,895,888140,4796,172,85640. 融資活動產生的負債對賬下表為本集團融資活動產生的負債變動詳情，包括現金及非現金變動。融資活動產生的負債乃為現金流量或將來現金流量於本集團綜合現金流量報表分類為融資活動現金流量的負債。Sunny Optical Technology (Group) Company Limited ANNUAL REPORT 2020266Notes to the Consolidated Financial Statements綜合財務報表附註FOR THE YEAR ENDED 31 DECEMBER 2020 截至二零二零年十二月三十

1705、一日止年度41. RELATED PARTY TRANSACTIONS(a) Names and relationships with related parties during the years are as follows:NamePrincipal activitiesRelationship名稱主要業務關係餘姚市舜藝光學儀器有限公司 (“舜藝光學”)餘姚市舜藝光學儀器有限公司 （ 舜藝光學 ）Manufacture and sale of parts for optical instruments生產及銷售光學儀器部件Company controlled by a close fa

1706、mily member of the Companys chairman, Mr. Ye Liaoning本公司主席葉遼寧先生近親所控制的公司寧波市益康國際貿易有限公司(“益康”)寧波市益康國際貿易有限公司 （ 益康 ）Sale of electronic devices銷售電子設備Company controlled by a close family member of Companys senior management, Mr. Zhang Guoxian本公司高級管理人員張國賢先生近親所控制的公司餘姚市博科貿易有限公司(“博科”)餘姚市博科貿易有限公司 （ 博科 ）Sale of e

1707、lectronic devices銷售電子設備Company controlled by a close family member of Companys senior management, Mr. Zhang Guoxian本公司高級管理人員張國賢先生近親所控制的公司餘姚市康優寶電器經營部(“康優寶”)餘姚市康優寶電器經營部 （ 康優寶 ）Sale of electronic devices銷售電子設備Company controlled by a close family member of Companys senior management, Mr. Zhang Guoxian本公

1708、司高級管理人員張國賢先生近親所控制的公司Jiangsu Medical 江蘇舜宇醫療Manufacture and sales of medical instruments生產及銷售醫療器械An associate of the Group本集團聯營公司41. 關連人士交易(a) 年內關連人士名稱及與關連人士的關係如下：舜宇光學科技 （集團） 有限公司 2020 年報 267FOR THE YEAR ENDED 31 DECEMBER 2020 截至二零二零年十二月三十一日止年度Notes to the Consolidated Financial Statements綜合財務報表附註41.

1709、RELATED PARTY TRANSACTIONS (Continued)(b) Transactions with related parties:20202019二零二零年二零一九年RMB000RMB000人民幣千元人民幣千元Sales of goods 銷售產品舜藝光學 舜藝光學4,0383,289Jiangsu Medical 江蘇舜宇醫療6134,0383,902Purchase of raw materials 購買原材料舜藝光學 舜藝光學11,71112,740益康 益康421544博科 博科2,6964,676康優寶 康優寶1,9321,88416,76019,844(c)

1710、At the end of reporting period, the Group has the following significant balances with related parties:31/12/202031/12/2019二零二零年十二月三十一日二零一九年十二月三十一日RMB000RMB000人民幣千元人民幣千元Current liabilities: 流動負債： Amounts due to related parties 應付關連人士款項 舜藝光學 舜藝光學5,3543,960 博科 博科7222,269 康優寶 康優寶7441,087 益康 益康1761826,99

1711、67,498All of the above amounts are of trade nature, unsecured, interest free and repayable on demand.41. 關連人士交易 （續）(b) 與關連人士交易：(c) 於報告期末，本集團與關連人士的重大結餘如下：所有以上數額均為貿易性質、無擔保、免利息且須於即期償還。Sunny Optical Technology (Group) Company Limited ANNUAL REPORT 2020268Notes to the Consolidated Financial Statements綜合財

1712、務報表附註FOR THE YEAR ENDED 31 DECEMBER 2020 截至二零二零年十二月三十一日止年度41. RELATED PARTY TRANSACTIONS (Continued)(c) At the end of reporting period, the Group has the following significant balances with related parties: (Continued)The following is an aged analysis of related parties balance of trade nature at th

1713、e end of reporting period.31/12/202031/12/2019二零二零年十二月三十一日二零一九年十二月三十一日RMB000RMB000人民幣千元人民幣千元Current liabilities: 流動負債： Within 90 days 90天內5,5615,971 91120 days 91至120天1,4351,5276,9967,498The Group allows a credit period of 90 days to related party trade receivables (2019: 90 days). The average credi

1714、t period on purchases of goods from related parties is 90 days (2019: 90 days).(d) Compensation of key management personnelThe remuneration of key management during the year is as follows:31/12/202031/12/2019二零二零年十二月三十一日二零一九年十二月三十一日RMB000RMB000人民幣千元人民幣千元Short-term employee benefits 短期僱員福利21,66520,45

1715、5Share award scheme 股份獎勵計劃27,15623,152Post-employment benefits 離職後福利79579049,61644,39741. 關連人士交易 （續）(c) 於報告期末，本集團與關連人士的重大結餘如下： （續）於報告期末，有關貿易性質的關連人士結餘賬齡分析如下。本集團給予關連人士貿易應收款項90天的信貸期 （二零一九年：90天） 。採購關連人士貨品的平均信貸期為90天（二零一九年：90天） 。(d) 主要管理人員薪酬年內，主要管理人員薪酬如下：舜宇光學科技 （集團） 有限公司 2020 年報 269FOR THE YEAR ENDED 31 D

1716、ECEMBER 2020 截至二零二零年十二月三十一日止年度Notes to the Consolidated Financial Statements綜合財務報表附註42. SHARE AWARD SCHEMEThe Company adopted The Sunny Optical Technology (Group) Company Limited Restricted Share Award Scheme (the “Restricted Share Award Scheme”) on 22 March 2010 (“Adoption Date”) with a duration of

1717、 10 years commencing from the Adoption Date. The objective of the Restricted Share Award Scheme is to provide the selected participants including directors of the Company, employees, agents or consultants of the Company and its subsidiaries (the “Selected Participants”) with an opportunity to acquir

1718、e a proprietary interest in the Company; to encourage and retain such individuals to work with the Group; and to provide additional incentive for them to achieve performance goals, with a view to achieving the objectives of increasing the value of the Company and aligning the interests of the Select

1719、ed Participants directly to be the owners of the Company through ownership of shares. The Group has set up The Sunny Optical Technology (Group) Company Limited Restricted Share Award Scheme Trust (the “Trust”) to administrate and hold the Companys shares before they are vested and transferred to Sel

1720、ected Participants. Upon granting of shares to Selected Participants, the Trust purchases the Companys shares being awarded from the open market with funds provided by the Company by way of contributions. Restricted Shares granted under the Restricted Share Award Scheme are subject to a vesting scal

1721、e in tranches of one-third to one-fifth each (as the case may be) on every anniversary date of the grant date starting from the first anniversary date until the third to the fifth anniversary (as the case may be). The vested shares are transferred to Selected Participants at no cost except that the

1722、expenses attributable or payable in respect of the transfer of such shares of the Company shall be borne by the Selected Participants.42. 股份獎勵計劃本公司已於二零一零年三月二十二日 （ 採納日期 ） 採納了舜宇光學科技 （集團） 有限公司限制性股份獎勵計劃 （ 限制性股份獎勵計劃 ） ，該計劃自採納日期起持續十年有效。限制性股份獎勵計劃旨在為特選參與者提供 （包括本公司董事、僱員、本公司及其附屬公司的代理或顧問） （ 特選參與者 ） 一個購買本公司所有人權

1723、益的機會；鼓勵及挽留於本集團工作的個別人士；及額外推動彼等爭取達到業績目標，以實現提升本公司價值，並且透過擁有股份，使特選參與者的權益與本公司股東的權益直接掛鈎的目標。本集團已成立舜宇光學科技 （集團） 有限公司限制性股份獎勵計劃信託 （ 信託 ） 以管理及持有本公司股份直至股份歸屬及轉讓予特選參與者。在向特選參與者授出股份時，信託在公開市場上購買將予授出之本公司股份，並由本公司以供款方式提供資金。根據限制性股份獎勵計劃授出的限制性股份由授出日期第一週年當日起計至第三到第五 （視情況而定） 個週年日期間，每個週年日分批歸屬三分之一至五分之一 （視情況而定） 。已歸屬的股份無償轉讓予特選參與者，

1724、惟特選參與者須承擔轉讓本公司該等股份應佔或應付的開支。Sunny Optical Technology (Group) Company Limited ANNUAL REPORT 2020270Notes to the Consolidated Financial Statements綜合財務報表附註FOR THE YEAR ENDED 31 DECEMBER 2020 截至二零二零年十二月三十一日止年度42. SHARE AWARD SCHEME (Continued)The grant of Restricted Shares is subject to acceptance by the

1725、 Selected Participants. The Restricted Shares granted to but not accepted by the Selected Participants shall become unaccepted shares. The Trustee may use any remainder of cash and non-cash income received by the Trust in respect of the shares held upon trust to purchase additional shares after defr

1726、aying all expenses incurred by the Trust prior to the purchase of additional shares. The selected participants have no rights to receive dividend income and cannot exercise any voting rights in respect of the Restricted Shares granted to them during the vesting period. The Trust shall hold the addit

1727、ional shares, unaccepted shares and unvested shares upon trust and may make any grant to existing or new Selected Participants after receiving instructions from the Administration Committee of the Group. The fair value of the Restricted Shares awarded was determined based on the market value of the

1728、Companys shares at the grant date.During the year ended 31 December 2015, pursuant to the original Restricted Share Award Scheme dated 22 March 2010, the directors of the Company resolved to change (i) the vesting period under the Restricted Share Award Scheme from three to five years to two to five

1729、 years; and (ii) the circumstances when the Companys shares would lapse, with immediate effect. The details of the amendments have been disclosed in the announcement of the Company dated 26 May 2015. The directors of the Company considered that the above amendments have had no material impact on the

1730、 recognition and measurement of those shares granted before 26 May 2015.On 16 March 2020, the Board of Directors resolved to amend the existing Scheme Rules and adopted the further amended and restated Scheme Rules with effect from 22 March 2020 to extend the share award scheme period for ten years.

1731、 Under the further amended and restated Scheme Rules, the Scheme shall (unless previously terminated by a resolution of the Board of Directors) terminate on the revised expiry date, being 21 March 2030.42. 股份獎勵計劃 （續）授出限制性股份須待特選參與者接納方可作實。授予特選參與者但不獲接納的限制性股份為不獲接納股份。受託人可動用信託就以信託方式持有的股份所收取的任何現金及非現金收入餘額購買

1732、額外股份，惟在購買額外股份前須已支付信託的所有開支。特選參與者並無收取股息收入的權利，亦不能在歸屬期內就彼等獲授予的限制性股份行使任何投票權。信託須以信託方式持有額外股份、不獲接納股份及未歸屬股份，並在本集團管理委員會的指示下向現有或新的特選參與者授出該等股份。作為獎勵的限制性股份的公允值按本公司股份於授出日期的市價釐定。截至二零一五年十二月三十一日止年度，根據日期為二零一零年三月二十二日的原定限制性股份獎勵計劃，本公司董事議決修訂(i)限制性股份獎勵計劃項下之歸屬期，由三至五年變更為二至五年；及(ii)本公司股份失效之情況，即時有效。有關修訂的詳情於本公司日期為二零一五年五月二十六日之公告內

1733、披露。本公司董事認為，上述修訂對該等於二零一五年五月二十六日前授出的股份的確認及計量並無重大影響。於二零二零年三月十六日，董事會議決修訂現有計劃規則，並採納經進一步修訂及重列之計劃規則，自二零二零年三月二十二日起生效，以將股份獎勵計劃的期限延長十年。根據經進一步修訂及重列之計劃規則，計劃應在經修訂屆滿日期 （即二零三零年三月二十一日） 終止 （除非經董事會決議案提前終止） 。舜宇光學科技 （集團） 有限公司 2020 年報 271FOR THE YEAR ENDED 31 DECEMBER 2020 截至二零二零年十二月三十一日止年度Notes to the Consolidated Fina

1734、ncial Statements綜合財務報表附註42. SHARE AWARD SCHEME (Continued)Movements in the number of Restricted Shares granted and related fair value are as follows:Weightedaveragefair value(per share)Number ofRestrictedSharesgranted（每股） 加權平均公允值已授出限制性股份數目HK$(000)港元（千股）At 1 January 2019 於二零一九年一月一日97.5082,513Forfeite

1735、d 已失效102.460(116)Vested 已歸屬61.123(1,862)Granted (Note a) 已授 （附註a）101.9762,390 At 31 December 2019 and 1 January 2020於二零一九年十二月三十一日及二零二零年一月一日124.1222,925Forfeited 已失效123.296(112)Vested 已歸屬108.560(1,488)Granted (Note b) 已授 （附註b）130.7111,458 At 31 December 2020 於二零二零年十二月三十一日135.9312,783 Notes:(a) The Re

1736、stricted Shares granted in 2019 vest on every anniversary date of the grant date of each batch of Restricted Shares in tranches on the following scales:Restricted SharesFair value (per share)ScalesHK$829,117 shares100.900One-third916,455 shares100.900One-half285,358 shares88.200One-third53,573 share

1737、s88.200One-half305,586 shares123.400One-half42. 股份獎勵計劃 （續）已授出限制性股份的數目及其相關公允值的變動如下：附註：(a) 於二零一九年已授出限制性股份於各批限制性股份授出日期的每個週年日按以下規模分批歸屬：限制性股份（每股） 公允值規模港元829,117股100.900三分之一916,455股100.900二分之一285,358股88.200三分之一53,573股88.200二分之一305,586股123.400二分之一Sunny Optical Technology (Group) Company Limited ANNUAL REPO

1738、RT 2020272Notes to the Consolidated Financial Statements綜合財務報表附註FOR THE YEAR ENDED 31 DECEMBER 2020 截至二零二零年十二月三十一日止年度42. SHARE AWARD SCHEME (Continued)Notes: (Continued)(b) The Restricted Shares granted in 2020 vest on every anniversary date of the grant date of each batch of Restricted Shares in tr

1739、anches on the following scales:Restricted SharesFair value (per share)ScalesHK$845,947 shares122.500One-half27,595 shares126.800One-half233,868 shares126.800One-third351,181 shares153.400One-halfThe fair value of Restricted Shares granted is measured on the basis of an observable market price.The fo

1740、llowing table discloses details of the shares granted under Restricted Shares held by employees (including the directors of the Company) of the Group and movements in such holdings during the year:TypeBalanceat1.1.2020Grantedduringthe yearForfeitedduringthe yearVestedduringthe yearBalanceat31.12.202

1741、0類別於二零二零年一月一日的結餘於年內授出於年內失效於年內歸屬於二零二零年十二月三十一日的結餘000000000000000千股千股千股千股千股Shares 股份2,9251,458(112)(1,488)2,783 TypeBalanceat1.1.2019Grantedduringthe yearForfeitedduringthe yearVestedduringthe yearBalanceat31.12.2019類別於二零一九年一月一日的結餘於年內授出於年內失效於年內歸屬於二零一九年十二月三十一日的結餘000000000000000千股千股千股千股千股Shares 股份2,5132,

1742、390(116)(1,862)2,925 42. 股份獎勵計劃 （續）附註： （續）(b) 於二零二零年已授出限制性股份於各批限制性股份授出日期的每個週年日按以下規模分批歸屬：限制性股份（每股） 公允值規模港元845,947股122.500二分之一27,595股126.800二分之一233,868股126.800三分之一351,181股153.400二分之一已授出限制性股份的公允值乃基於可觀察的市場價格計量。下表披露本集團僱員 （包括本公司董事） 所持有的根據限制性股份已授出股份的詳情及年內該等股份變動的詳情：舜宇光學科技 （集團） 有限公司 2020 年報 273FOR THE YEAR E

1743、NDED 31 DECEMBER 2020 截至二零二零年十二月三十一日止年度Notes to the Consolidated Financial Statements綜合財務報表附註42. SHARE AWARD SCHEME (Continued)Details of the shares held by the directors of the Company included in the above table are as follows:TypeBalanceat1.1.2020Grantedduringthe yearForfeitedduringthe yearVested

1744、duringthe yearBalanceat31.12.2020類別於二零二零年一月一日的結餘於年內授出於年內失效於年內歸屬於二零二零年十二月三十一日的結餘000000000000000千股千股千股千股千股Shares股份25335(108)180 TypeBalanceat1.1.2019Grantedduringthe yearForfeitedduringthe yearVestedduringthe yearBalanceat31.12.2019類別於二零一九年一月一日的結餘於年內授出於年內失效於年內歸屬於二零一九年十二月三十一日的結餘000000000000000千股千股千股千股千

1745、股Shares 股份79228(54)253 The equity-settled share-based payments charged to the profit or loss was RMB151,811,000 for the year ended 31 December 2020 (2019: RMB123,808,000).42. 股份獎勵計劃 （續）上表所載本公司董事所持股份的詳情如下：截至二零二零年十二月三十一日止年度，於損益扣除的以權益結算股份支付的款項為人民幣151,811,00元 （二零一九年：人民幣123,808,00元） 。Sunny Optical Techno

1746、logy (Group) Company Limited ANNUAL REPORT 2020274Notes to the Consolidated Financial Statements綜合財務報表附註FOR THE YEAR ENDED 31 DECEMBER 2020 截至二零二零年十二月三十一日止年度43. PARTICULARS OF SUBSIDIARIESParticulars of subsidiaries indirectly held, unless otherwise stated, by the Company at 31 December 2020 and 201

1747、9 are as follows:Name of subsidiaryPlace ofincorporation/registration/operationIssued and fully paid up share capital/registered capitalAttributableequity interestheld by the GroupPrincipal activities附屬公司名稱註冊成立註冊地點營運地點已發行及繳足股本註冊資本本集團持有的應佔權益主要業務20202019二零二零年二零一九年Sun Yu Optical Technology Limited舜宇光學科

1748、技有限公司The British Virgin Islands (“The BVI”)英屬處女群島 （ 處女群島 ）Ordinary shares US$100,000普通股100,000美元100%100%Investment holding投資控股(directly held)（直接持有）Sun Xiang Optical Overseas Limited舜享光學海外有限公司The BVI處女群島Ordinary shares US$10普通股10美元100%100%Investment holding投資控股Sun Li Instrument Overseas Limited舜利儀器海外

1749、有限公司The BVI處女群島Ordinary shares US$10普通股10美元100%100%Investment holding投資控股Summit Optics Technology LimitedSummit Optics Technology LimitedThe BVI處女群島Ordinary share US$1普通股1美元100%100%Investment holding投資控股Summit Optics Investment LimitedSummit Optics Investment LimitedThe BVI處女群島Ordinary share US$1普通股

1750、1美元100%100%Investment holding投資控股Sunny Optical Overseas Limited舜宇光學海外有限公司Hong Kong香港Ordinary shares US$10普通股10美元100%100%Investment holding投資控股Sunny Instruments Overseas Limited舜宇儀器海外有限公司Hong Kong香港Ordinary shares US$10普通股10美元100%100%Investment holding投資控股Summit Optical Technology LimitedSummit Optic

1751、al Technology LimitedHong Kong香港Ordinary share HK$1普通股1港元100%100%Investment holding投資控股Summit Optical Investment LimitedSummit Optical Investment LimitedHong Kong香港Ordinary share HK$1普通股1港元100%100%Investment holding投資控股43. 附屬公司詳情除另有說明外，本公司於二零二零年及二零一九年十二月三十一日間接持有的附屬公司詳情如下：舜宇光學科技 （集團） 有限公司 2020 年報 275

1752、FOR THE YEAR ENDED 31 DECEMBER 2020 截至二零二零年十二月三十一日止年度Notes to the Consolidated Financial Statements綜合財務報表附註Name of subsidiaryPlace ofincorporation/registration/operationIssued and fully paid up share capital/registered capitalAttributableequity interestheld by the GroupPrincipal activities附屬公司名稱註冊成立

1753、註冊地點營運地點已發行及繳足股本註冊資本本集團持有的應佔權益主要業務20202019二零二零年二零一九年* Zhejiang Sunny Optics Co., Ltd.* 浙江舜宇光學有限公司The PRC中國Registered and contributed capital RMB430,000,000註冊及實繳股本 人民幣430,000,000元100%100%Manufacture and sale of optical components生產及銷售光學零件* Ningbo Sunny Instruments Co., Ltd.* 寧波舜宇儀器有限公司The PRC中國Regist

1754、ered and contributed capital RMB82,500,000註冊及實繳股本 人民幣82,500,000元100%100%Manufacture and sale of optical instruments生產及銷售光學儀器* Sunny Optics (Zhongshan) Co., Ltd.* 舜宇光學 （中山） 有限公司The PRC中國Registered and contributed capital US$14,990,000註冊及實繳股本 14,990,000美元100%100%Manufacture and sale of optical compone

1755、nts生產及銷售光學零件* Ningbo Sunny Opotech Co., Ltd.* 寧波舜宇光電信息有限公司The PRC中國Registered and contributed capital US$38,831,600註冊及實繳股本 38,831,600美元100%100%Manufacture and sale of optoelectronics products生產及銷售光電產品43. PARTICULARS OF SUBSIDIARIES (Continued)Particulars of subsidiaries indirectly held, unless other

1756、wise stated, by the Company at 31 December 2020 and 2019 are as follows (Continued):43. 附屬公司詳情 （續）除另有說明外，本公司於二零二零年及二零一九年十二月三十一日間接持有的附屬公司詳情如下 （續） ：Sunny Optical Technology (Group) Company Limited ANNUAL REPORT 2020276Notes to the Consolidated Financial Statements綜合財務報表附註FOR THE YEAR ENDED 31 DECEMBER

1757、 2020 截至二零二零年十二月三十一日止年度Name of subsidiaryPlace ofincorporation/registration/operationIssued and fully paid up share capital/registered capitalAttributableequity interestheld by the GroupPrincipal activities附屬公司名稱註冊成立註冊地點營運地點已發行及繳足股本註冊資本本集團持有的應佔權益主要業務20202019二零二零年二零一九年#Ningbo Sunny Automotive Optech

1758、Co., Ltd.#寧波舜宇車載光學技術有限公司The PRC中國Registered and contributed capital RMB5,000,000註冊及實繳股本 人民幣5,000,000元100%100%Manufacture and sale of optical components生產及銷售光學零件#Xinyang Sunny Optics Co., Ltd.#信陽舜宇光學有限公司The PRC中國Registered and contributed capital RMB100,000,000註冊及實繳股本 人民幣100,000,000元100%100%Manufactu

1759、re and sale of optical components生產及銷售光學零件#Ningbo Sunny Infrared Technologies Co., Ltd.#寧波舜宇紅外技術有限公司The PRC中國Registered and contributed capital RMB11,481,481註冊及實繳股本 人民幣11,481,481元68.10%68.10%Research and development of infrared technologies研究及開發紅外技術Sunny Opotech Korea Co., Ltd.舜宇光電韓國有限公司Korea韓國Ordin

1760、ary shares Korean Won (“KRW”) 108,000,000普通股108,000,000韓元 （ 韓元 ）100%100%Sales and development of optoelectronics products銷售及開發光電產品43. PARTICULARS OF SUBSIDIARIES (Continued)Particulars of subsidiaries indirectly held, unless otherwise stated, by the Company at 31 December 2020 and 2019 are as follow

1761、s (Continued):43. 附屬公司詳情 （續）除另有說明外，本公司於二零二零年及二零一九年十二月三十一日間接持有的附屬公司詳情如下 （續） ：舜宇光學科技 （集團） 有限公司 2020 年報 277FOR THE YEAR ENDED 31 DECEMBER 2020 截至二零二零年十二月三十一日止年度Notes to the Consolidated Financial Statements綜合財務報表附註Name of subsidiaryPlace ofincorporation/registration/operationIssued and fully paid up sh

1762、are capital/registered capitalAttributableequity interestheld by the GroupPrincipal activities附屬公司名稱註冊成立註冊地點營運地點已發行及繳足股本註冊資本本集團持有的應佔權益主要業務20202019二零二零年二零一九年Sunny Korea Co.,Ltd. (Note a) 舜宇韓國有限公司 （附註a）Korea韓國Ordinary shares KRW3,080,880,000普通股3,080,880,000韓元70.15%56.70%Manufacture and sale of optical

1763、 components生產及銷售光學零件Sunny Japan Co., Ltd. (Note a)舜宇日本株式會社 （附註a）Japan日本Registered and contributed capital JPY99,000,000註冊及實繳股本 99,000,000日元57.89%55%Trading of optical instruments and optoelectronics products買賣光學儀器及光電產品Sunny Opotech North America Inc舜宇光電信息 （北美） 有限公司The United States美國Common stock US$

1764、952,731普通股952,731美元100%100%Sales and development of optoelectronics products銷售及開發光電產品Sunny Optical Corean (BVI) LimitedSunny Optical Corean (BVI) LimitedThe BVI處女群島Ordinary shares US$10普通股10美元100%100%Investment holding投資控股Sunny Instruments Singapore PTE. Ltd. (Note b)舜宇儀器新加坡有限公司 （附註b）Singapore新加坡Ord

1765、inary shares Singapore Dollar 8,350,000普通股8,350,000新加坡元N/A不適用100%Sale and development of scientific instruments銷售及開發科學儀器43. PARTICULARS OF SUBSIDIARIES (Continued)Particulars of subsidiaries indirectly held, unless otherwise stated, by the Company at 31 December 2020 and 2019 are as follows (Continu

1766、ed):43. 附屬公司詳情 （續）除另有說明外，本公司於二零二零年及二零一九年十二月三十一日間接持有的附屬公司詳情如下 （續） ：Sunny Optical Technology (Group) Company Limited ANNUAL REPORT 2020278Notes to the Consolidated Financial Statements綜合財務報表附註FOR THE YEAR ENDED 31 DECEMBER 2020 截至二零二零年十二月三十一日止年度Name of subsidiaryPlace ofincorporation/registration/oper

1767、ationIssued and fully paid up share capital/registered capitalAttributableequity interestheld by the GroupPrincipal activities附屬公司名稱註冊成立註冊地點營運地點已發行及繳足股本註冊資本本集團持有的應佔權益主要業務20202019二零二零年二零一九年#Shanghai Sunny Yangming Precision Optics Co., Ltd.#上海舜宇陽明精密光學有限公司The PRC中國Registered and contributed capital RM

1768、B25,000,000註冊及實繳股本 人民幣25,000,000元100%100%Manufacture and sale of optical components生產及銷售光學零件#Ningbo Sunny Intelligent Technology Co., Ltd.#寧波舜宇智能科技有限公司The PRC中國Registered and contributed capital RMB20,000,000註冊及實繳股本 人民幣20,000,000元100%100%Sales and development of optical instruments銷售及開發光學儀器#Sunny Gr

1769、oup Co., Ltd.#舜宇集團有限公司The PRC中國Registered and contributed capital RMB115,782,000註冊及實繳股本 人民幣115,782,000元100%100%Investment holdings and property leasing投資控股及物業租賃#Zhejiang Sunny Optical Intelligence Technology Co., Ltd.#浙江舜宇智能光學技術有限公司The PRC中國Registered and contributed capital RMB25,000,000註冊及實繳股本 人民幣

1770、25,000,000元100%100%Sales and development of optoelectronics products銷售及開發光電產品43. PARTICULARS OF SUBSIDIARIES (Continued)Particulars of subsidiaries indirectly held, unless otherwise stated, by the Company at 31 December 2020 and 2019 are as follows (Continued):43. 附屬公司詳情 （續）除另有說明外，本公司於二零二零年及二零一九年十二月

1771、三十一日間接持有的附屬公司詳情如下 （續） ：舜宇光學科技 （集團） 有限公司 2020 年報 279FOR THE YEAR ENDED 31 DECEMBER 2020 截至二零二零年十二月三十一日止年度Notes to the Consolidated Financial Statements綜合財務報表附註Name of subsidiaryPlace ofincorporation/registration/operationIssued and fully paid up share capital/registered capitalAttributableequity inte

1772、restheld by the GroupPrincipal activities附屬公司名稱註冊成立註冊地點營運地點已發行及繳足股本註冊資本本集團持有的應佔權益主要業務20202019二零二零年二零一九年#Ningbo Mei Shan Bao Shui Gang Qu Sunyi Investment Co., Ltd.#寧波梅山保稅港區舜翌投資管理有限公司The PRC中國Registered and contributed capital RMB2,000,000註冊及實繳股本 人民幣2,000,000元51.00%51.00%Investment holdings投資控股#Sunny

1773、 Optical (Zhejiang) Research Institute Co., Ltd.#舜宇光學 （浙江） 研究院有限公司The PRC中國Registered and contributed capital RMB50,000,000註冊及實繳股本 人民幣50,000,000元100%100%Provide development, service and consultation of technology提供技術開發、服務及 諮詢#Ningbo Mei Shan Bao Shui Gang Qu Sunxin Investment Partnership (Limited Pa

1774、rtnership)#寧波梅山保稅港區舜鑫投資管理合夥企業 （有限合夥)The PRC中國Registered and contributed capital RMB3,000,000註冊及實繳股本 人民幣3,000,000元51.02%51.02%Investment holdings投資控股#Yuyao Sunny Optical Intelligence Technology Co., Ltd.#餘姚舜宇智能光學技術有限公司The PRC中國Registered and contributed capital RMB20,000,000註冊及實繳股本 人民幣20,000,000元100%

1775、100%Provide optical technology service提供光學技術服務43. PARTICULARS OF SUBSIDIARIES (Continued)Particulars of subsidiaries indirectly held, unless otherwise stated, by the Company at 31 December 2020 and 2019 are as follows (Continued):43. 附屬公司詳情 （續）除另有說明外，本公司於二零二零年及二零一九年十二月三十一日間接持有的附屬公司詳情如下 （續） ：Sunny Op

1776、tical Technology (Group) Company Limited ANNUAL REPORT 2020280Notes to the Consolidated Financial Statements綜合財務報表附註FOR THE YEAR ENDED 31 DECEMBER 2020 截至二零二零年十二月三十一日止年度Name of subsidiaryPlace ofincorporation/registration/operationIssued and fully paid up share capital/registered capitalAttributable

1777、equity interestheld by the GroupPrincipal activities附屬公司名稱註冊成立註冊地點營運地點已發行及繳足股本註冊資本本集團持有的應佔權益主要業務20202019二零二零年二零一九年#Yuyao City Sunny Huitong Microcredit Co., Ltd.#餘姚市舜宇匯通小額貸款有限公司The PRC中國Registered and contributed capital RMB200,000,000註冊及實繳股本 人民幣200,000,000元100%100%Provision of financing service提供金融

1778、服務Sunny Optics Vina Co., Ltd. (Note a)舜宇越南光電有限公司 （附註a）Vietnam越南Registered and contributed capital US$150,000註冊及實繳股本 150,000美元70.15%56.7%Sale of optoelectronics components銷售光電零件Sunny Optics Vina Hanoi Co., Ltd (Note a)舜宇越南光學有限公司 （附註a）Vietnam越南Registered and contributed capital US$100,000註冊及實繳股本 100,0

1779、00美元70.15%56.7%Sale of optical components銷售光學零件Sunny Optics Europe GmbH舜宇歐洲光學有限公司German德國Registered and contributed capital Euro 500,000註冊及實繳股本 500,000歐元100%100%Sale of optical components銷售光學零件43. PARTICULARS OF SUBSIDIARIES (Continued)Particulars of subsidiaries indirectly held, unless otherwise st

1780、ated, by the Company at 31 December 2020 and 2019 are as follows (Continued):43. 附屬公司詳情 （續）除另有說明外，本公司於二零二零年及二零一九年十二月三十一日間接持有的附屬公司詳情如下 （續） ：舜宇光學科技 （集團） 有限公司 2020 年報 281FOR THE YEAR ENDED 31 DECEMBER 2020 截至二零二零年十二月三十一日止年度Notes to the Consolidated Financial Statements綜合財務報表附註Name of subsidiaryPlace of

1781、incorporation/registration/operationIssued and fully paid up share capital/registered capitalAttributableequity interestheld by the GroupPrincipal activities附屬公司名稱註冊成立註冊地點營運地點已發行及繳足股本註冊資本本集團持有的應佔權益主要業務20202019二零二零年二零一九年Sunny Automotive Vina Co., Ltd舜宇越南車載光學有限公司Vietnam越南Registered and contributed cap

1782、ital US$3,000,000註冊及實繳股本 3,000,000美元100%100%Manufacture and sale of optical components生產及銷售光學零件Sunny Opotech Vietnam Co., Ltd. 舜宇光電越南有限公司Vietnam越南Registered and contributed capital US$3,000,000註冊及實繳股本 3,000,000美元100%Manufacture and sale of optoelectronics components生產及銷售光電零件Sunny Opotech India Priva

1783、te Limited舜宇光電信息印度有限公司India印度Registered and contributed capital INR183,701,000註冊及實繳股本 183,701,000印度盧比100%100%Manufacture and sale of optoelectronics components生產及銷售光電零件#Sunny Mobility Technologies (Ningbo) Co., Ltd. (Note c)#寧波舜宇智行傳感技術有限公司 （附註c）The PRC中國Registered and contributed capital RMB29,509,7

1784、10註冊及實繳股本人民幣 29,509,710元68.67%60.07%Sales and development of optoelectronics products銷售及開發光電產品43. PARTICULARS OF SUBSIDIARIES (Continued)Particulars of subsidiaries indirectly held, unless otherwise stated, by the Company at 31 December 2020 and 2019 are as follows (Continued):43. 附屬公司詳情 （續）除另有說明外，本

1785、公司於二零二零年及二零一九年十二月三十一日間接持有的附屬公司詳情如下 （續） ：Sunny Optical Technology (Group) Company Limited ANNUAL REPORT 2020282Notes to the Consolidated Financial Statements綜合財務報表附註FOR THE YEAR ENDED 31 DECEMBER 2020 截至二零二零年十二月三十一日止年度Name of subsidiaryPlace ofincorporation/registration/operationIssued and fully paid

1786、 up share capital/registered capitalAttributableequity interestheld by the GroupPrincipal activities附屬公司名稱註冊成立註冊地點營運地點已發行及繳足股本註冊資本本集團持有的應佔權益主要業務20202019二零二零年二零一九年#Zhejiang Sunny SmartLead Technologies Co., Ltd (Note c)#浙江舜宇智領技術有限公司 （附註c）The PRC中國Registered and contributed capital RMB73,514,500註冊及實繳股

1787、本人民幣 73,514,500元68.67%60.07%Sales and development of optoelectronics products銷售及開發光電產品#Shanghai Wissen Automotive Sensing Technology Co., Ltd. (Note c)#上海為森車載傳感技術有限公司 （附註c）The PRC中國Registered and contributed capital RMB10,000,000註冊及實繳股本人民幣 10,000,000元68.67%60.07%Sales and development of optoelectron

1788、ics products銷售及開發光電產品#Sunny OmniLight Technology Co., Ltd.#寧波舜宇奧來技術有限公司The PRC中國Registered and contributed capital RMB130,680,000註冊及實繳股本人民幣 130,680,000元93.39%88.36%Sales and development of optical products銷售及開發光電產品#Ningbo Yuanheng Supply Chain Management Co., Ltd.#寧波元恒供應鏈管理有限公司The PRC中國Registered an

1789、d contributed capital RMB1,000,000註冊及實繳股本人民幣 1,000,000元100%Import and export agent進出口代理43. PARTICULARS OF SUBSIDIARIES (Continued)Particulars of subsidiaries indirectly held, unless otherwise stated, by the Company at 31 December 2020 and 2019 are as follows (Continued):43. 附屬公司詳情 （續）除另有說明外，本公司於二零二零

1790、年及二零一九年十二月三十一日間接持有的附屬公司詳情如下 （續） ：舜宇光學科技 （集團） 有限公司 2020 年報 283FOR THE YEAR ENDED 31 DECEMBER 2020 截至二零二零年十二月三十一日止年度Notes to the Consolidated Financial Statements綜合財務報表附註43. PARTICULARS OF SUBSIDIARIES (Continued) * companies are sino-foreign equity joint venture enterprises# companies are domestic in

1791、vested enterprisesNone of the subsidiaries had issued any debt securities at the end of both years.Note a: The Group has acquired additional equity interest from NCI to strengthen the Groups sales network in South Korea, Japan and Vietnam.Note b: During the current year, the Group disposed all the e

1792、quity interests of Sunny Instruments Singapore PTE. Ltd. which is mainly a research and development center to optimize the strategy of research and development activity.Note c: The Group has acquired 8.60% equity interest from NCI to strengthen the Groups business layout of advanced driving assistan

1793、t system in automobile industry.43. 附屬公司詳情 （續）* 該等公司為中外合資企業# 該等公司為內資企業於該兩年末，附屬公司並無發行任何債務證券。附註a 本集團已從NCI購入額外股權，以增強本集團於南韓、日本及越南的銷售網絡。附註b 於本年度期間，本集團為了優化研發活動策略，出售所有舜宇儀器新加坡有限公司的權益，該公司主要是一個研發中心。附註c 本集團以購入NCI8.60%股權，以強化本集團在汽車行業先進駕駛系統的業務佈局。Sunny Optical Technology (Group) Company Limited ANNUAL REPORT 20202

1794、84Notes to the Consolidated Financial Statements綜合財務報表附註FOR THE YEAR ENDED 31 DECEMBER 2020 截至二零二零年十二月三十一日止年度44. FINANCIAL INFORMATION OF THE COMPANYAssets and Liabilities31/12/202031/12/2019二零二零年十二月三十一日二零一九年十二月三十一日RMB000RMB000人民幣千元人民幣千元NON-CURRENT ASSETS 非流動資產Property, plant and equipment 物業、機器及設備-

1795、402Financial assets at fair value through profit or loss按公允值計入損益的金融資產72,88484,568Debt instruments at amortised cost 按攤銷成本計量的債務工具-27,962Interests in subsidiaries, unlisted 非上市附屬公司權益253,850253,850Amounts due from subsidiaries 應收附屬公司款項1,797,6071,795,984Loans to subsidiaries 附屬公司貸款2,837,7733,014,195 4,9

1796、62,1145,176,961 CURRENT ASSETS 流動資產Other receivables and prepayment 其他應收款項及預付款項7095,890Amounts due from subsidiaries 應收附屬公司款項560,018Financial assets at fair value through profit or loss按公允值計入損益的金融資產282,711373,638Debt instruments at amortised cost 按攤銷成本計量的債務工具52,82355,749Banks balances and cash 銀行結餘及

1797、現金153,057129,377 1,049,318564,654 CURRENT LIABILITIES 流動負債Short term borrowings 短期借貸750,364418,572Amounts due to subsidiaries 應付附屬公司款項17,71523,892Other payables 其他應付款項65,33073,153 833,409515,617 NET CURRENT ASSETS 流動資產淨額215,90949,037 TOTAL ASSETS LESS CURRENT LIABILITIES 總資產減流動負債5,178,0235,225,998 N

1798、ON-CURRENT LIABILITIES 非流動負債Bonds payable 應付債券3,895,8884,156,074 3,895,8884,156,074 NET ASSETS 資產淨值1,282,1351,069,924 CAPITAL AND RESERVES 資本及儲備Share capital 股本105,163105,163Reserves 儲備1,176,972964,761 TOTAL EQUITY 權益總額1,282,1351,069,924 44. 本公司財務資料資產及負債舜宇光學科技 （集團） 有限公司 2020 年報 285FOR THE YEAR ENDED

1799、 31 DECEMBER 2020 截至二零二零年十二月三十一日止年度Notes to the Consolidated Financial Statements綜合財務報表附註44. FINANCIAL INFORMATION OF THE COMPANY (Continued)ReservesSharepremiumSpecialreserveShares heldunder shareawardschemeShareawardschemereserveRetainedprofitsTotal股份溢價特別儲備根據股份獎勵計劃持有的股份股份獎勵計劃儲備保留盈利總計RMB000RMB000RM

1800、B000RMB000RMB000RMB000人民幣千元人民幣千元人民幣千元人民幣千元人民幣千元人民幣千元(Note a)（附註a）The Company 本公司At 1 January 2019 於二零一九年一月一日2,680166,973(7,288)(869)617,506779,002Profit for the year and total comprehensive income for the year年內溢利及年內全面收益總額807,781807,781Purchase of shares under share award scheme根據股份獎勵計劃購買的股份(4,911)(

1801、4,911)Recognition of equity-settled share-based payments確認以權益結算股份支付的款項4,0544,054Shares vested under share award scheme根據股份獎勵計劃歸屬的股份3,577(3,678)101Dividends received under share award scheme根據股份獎勵計劃收取的股息1,8461,846Dividends paid 已付股息(2,680)(620,331)(623,011)At 31 December 2019 於二零一九年十二月三十一日1,846166,97

1802、3(8,622)(493)805,057964,76144. 本公司財務資料 （續）儲備Sunny Optical Technology (Group) Company Limited ANNUAL REPORT 2020286Notes to the Consolidated Financial Statements綜合財務報表附註FOR THE YEAR ENDED 31 DECEMBER 2020 截至二零二零年十二月三十一日止年度SharepremiumSpecialreserveShares heldunder shareawardschemeShareawardschemerese

1803、rveRetainedprofitsTotal股份溢價特別儲備根據股份獎勵計劃持有的股份股份獎勵計劃儲備保留盈利總計RMB000RMB000RMB000RMB000RMB000RMB000人民幣千元人民幣千元人民幣千元人民幣千元人民幣千元人民幣千元(Note a)（附註a）Profit for the year and total comprehensive income for the year年內溢利及年內全面收益總額1,006,2831,006,283 Purchase of shares under share award scheme根據股份獎勵計劃購買的股份(2,056)(2,05

1804、6)Recognition of equity-settled share-based payments確認以權益結算股份支付的款項4,4424,442Shares vested under share award scheme根據股份獎勵計劃歸屬的股份4,197(4,570)373Dividends received under share award scheme根據股份獎勵計劃收取的股息2,0492,049Dividends paid 已付股息(1,846)(796,661)(798,507) At 31 December 2020 於二零二零年十二月三十一日166,973(6,481)

1805、(621)1,017,1011,176,972 Note:(a) The amount recorded in the special reserve was resulted from:(i) the capital contribution by/distribution to the Company in relation to the acquisitions/disposals of equity interests in subsidiaries; and(ii) the difference between the net carrying amounts of equity i

1806、nterests in subsidiaries and the nominal value of the shares of their respective holding companies arisen in share exchange transactions during the group reorganisation.44. FINANCIAL INFORMATION OF THE COMPANY (Continued)Reserves (Continued)附註：(a) 計入特別儲備的款項來自：(i) 本公司就收購出售附屬公司股權所作注資所得分派；及(ii) 附屬公司股權的

1807、賬面淨值與彼等各自控股公司股份面值之間於集團重組換股交易中產生的差額。44. 本公司財務資料 （續）儲備 （續）舜宇光學科技 （集團） 有限公司 2020 年報 287 Corporate Information公司資料EXECUTIVE DIRECTORSMr. YE LiaoningMr. SUN YangMr. WANG WenjieNON-EXECUTIVE DIRECTORMr. WANG WenjianINDEPENDENT NON-EXECUTIVE DIRECTORSMr. ZHANG YuqingMr. FENG Hua JunMr. SHAO Yang DongJOINT

1808、COMPANY SECRETARIESMs. WONG Pui Ling (ACCA, HKICPA)Mr. MA JianfengREGISTERED OFFICECricket Square, Hutchins DriveP.O. Box 2681, George TownGrand Cayman KY1-1111, Cayman IslandsPRINCIPAL PLACE OF BUSINESS IN HONG KONGUnit 2304-5, 23/F., Henley Building5 Queens Road Central Hong KongPRINCIPAL PLACE OF

1809、 BUSINESS IN THE PRCNo. 66-68, Shunyu Road, YuyaoZhejiang Province, PRC執行董事葉遼寧先生孫泱先生王文杰先生非執行董事王文鑒先生獨立非執行董事張余慶先生馮華君先生邵仰東先生聯席公司秘書黃佩玲女士 (ACCA, HKICPA)馬建峰先生註冊辦事處Cricket Square, Hutchins DriveP.O. Box 2681, George TownGrand Cayman KY1-1111, Cayman Islands香港主要營業地點香港皇后大道中5號衡怡大廈23樓2304-5室中國主要營業地點中國浙江省餘姚市舜宇路

1810、66-68號Sunny Optical Technology (Group) Company Limited ANNUAL REPORT 2020288Corporate Information公司資料 CORPORATE WEBSITELEGAL ADVISERSTW PartnersAUDITORDeloitte Touche TohmatsuRegistered Public Interests Entity AuditorsPRINCIPAL BANKERSAgricultural Bank of China, Yuyao Sub-branchBNP Paribas Hong Kong

1811、 BranchPRINCIPAL SHARE REGISTRAR AND TRANSFER OFFICESuntera (Cayman) LimitedSuite 3204, Unit 2ABlock 3, Building DP.O. Box 1586Gardenia CourtCamana BayGrand Cayman, KY1-1100Cayman IslandsHONG KONG BRANCH SHARE REGISTRARComputershare Hong Kong Investor Services LimitedShops 1712-1716, 17th FloorHopew

1812、ell Centre, 183 Queens Road EastWanchai, Hong KongSTOCK CODE2382.HKAUTHORISED REPRESENTATIVESMr. SUN YangMs. WONG Pui Ling (ACCA, HKICPA)企業網站法律顧問黃錦華律師事務所核數師德勤關黃陳方會計師行註冊公眾利益實體核數師主要往來銀行中國農業銀行餘姚支行法國巴黎銀行香港分行主要股份過戶及轉讓登記處Suntera (Cayman) LimitedSuite 3204, Unit 2ABlock 3, Building DP.O. Box 1586Gardenia CourtCamana BayGrand Cayman, KY1-1100Cayman Islands香港證券登記分處香港中央證券登記有限公司香港灣仔皇后大道東183號合和中心17樓1712-1716號舖股份代號2382.HK授權代表孫泱先生黃佩玲女士 (ACCA, HKICPA)