Sunny Optical Technology (group) Co., Ltd. · HKEX:2382
Sunny Optical Technology (group) — FY2021 Earnings Presentation
28 slides from Sunny Optical Technology (group)'s earnings presentation, March 2022
Slide 1: 2021 Annual Results Corporate Presentation
SUNNY OPTICAL TECHNOLOGY (GROUP) COMPANY LIMITED 舜宇光學科技（集團）有限公司 (Incorporated in the Cayman Islands with limited liability) (Stock Code: 2382.HK) 2021 Annual Results Corporate Presentation M arch 202 2
Slide 2: Disclaimer
Expert in Disclaimer Optics The information contained in this presentation is intended solely for your personal reference. Such information is subject to change without notice, its accuracy is not guaranteed and it may not contain all material information concerning Sunny Optical Technology (Group)
Slide 3: Agenda
Expert in Optics Agenda 1 Financial Highlights 2 Operation Review 3 Outlook 4 Appendix
Slide 4: Financial Highlights
Expert in Optics 1 Financial Highlights
Slide 5: Solid Results Performance
Expert in Solid Results Performance Optics 2020 2021 Change For the year ended 31 December (RMB mn) Revenue 38,001.8 37,496.9 -1.3% Gross Profit 8,697.9 8,736.2 +0.4% Profit Before Tax 5,642.9 5,634.9 -0.1% Income Tax Expense (702.6) (579.0) -17.6% Effective Tax Rate (%) 12.5 10.3 -2.2ppt Profit for
Slide 6: Well-controlled Operating Expenses
Expert in Well-controlled Operating Expenses Optics 2019 2020 2021 For the year ended 31 December (as % of (as % of (as % of (RMB mn) revenue) revenue) revenue) Revenue 37,848.7 100.0% 38,001.8 100.0% 37,496.9 100.0% Total Operating Expenses 3,138.3 8.3% 3,531.2 9.3% 3,673.9 9.7% • Selling and Distr
Slide 7: Healthy Financial Position
Expert in Healthy Financial Position Optics 2019 2020 2021 Current Ratio (Times) 1.8 1.9 2.4 Operating Cash Inflow (RMB mn) 4,661.6 7,160.0 6,979.0 Cash and Cash Equivalents (RMB mn) 7,601.1 11,560.3 14,992.7 • Pledged Bank Deposits (RMB mn) 6.1 3.4 18.3 • Financial Assets at Fair Value through Prof
Slide 8: Diversified Business Portfolio
Expert in Diversified Business Portfolio Optics Revenue Breakdown by Product Applications 0.5% 0.5% 0.7% Handset Related Products 2.0% 1.6% 2.7% 0.6% 1.6% 3.6% 6.2% 4.3% 5.2% Vehicle Related Products 6.0% 6.6% 7.9% AR/VR Related Products Digital Camera Related Products 86.6% 84.5% 78.9% Optical Inst
Slide 9: Continued Improving Consolidated Gross Profit Margin
Expert in Continued Improving Consolidated Gross Profit Margin Optics Consolidated Gross Profit Margin Gross Profit Margins by Business Segments 30% 50% 45.2% 41.3% 45.1% 42.8% 22.9% 23.3% 39.5% 39.2% 20.5% 40% 20% 30% 20% 10% 12.6% 13.7% 9.3% 10% 0% 0% 2019 2020 2021 Optical Components Optoelectron
Slide 10: Operation Review
Expert in Optics 2 Operation Review
Slide 11: Continued to Make Breakthroughs in Technology Built High-tech Barriers
Continued to Make Breakthroughs in Technology Expert in Built High-tech Barriers Optics Smartphone Vehicle R&D Completed R&D Completed Related Related 2MP / 3MP hybrid ADAS lens sets Ultra-thin miniaturized head lens sets containing multiple plastic lenses after tackling temperature excursion for us
Slide 12: Developed Advantageous Businesses In-depth Continued to Carry Out R&D Innovation
Developed Advantageous Businesses In-depth Expert in Continued to Carry Out R&D Innovation Optics Smartphone Vehicle R&D Completed R&D Completed Related Related 3MP panoramic modules Cost-effective 5X optical zoom periscope camera modules 3MP ultra-wide angle modules applied in rear-view E-mirrors U
Slide 13: Increased R&D Investment Further Enhanced Market Competitiveness
Increased R&D Investment Expert in Further Enhanced Market Competitiveness Optics Microscopes R&D Completed 25X flat field multiphoton excitation dedicated objectives the first in China for commercial use, achieved breakthroughs in near-infrared single-photon and multiphoton in-depth and high spatia
Slide 14: Focused on Patent Layout Strengthened Competitive Advantages
Focused on Patent Layout Expert in Optics Strengthened Competitive Advantages Number of Authorized Patents 2,971 Equipped with professional management team, and 3,000 actively carried out the layout of independent intellectual property rights 2,096 2,000 In 2021, 875 new authorized patents were
Slide 15: Made Breakthroughs in a New International Customer Extended Industrial Leadership
Made Breakthroughs in a New International Customer Expert in Extended Industrial Leadership Optics Shipment Volume of Shipment Volume of the Company’s the Company’s Handset Lens Sets 6P and above Handset Lens Sets (unit: k) (unit: k) 1,529,757 377,806 369,229 1,600,000 1,439,545 400,000 1,343,173 31
Slide 16: Continued to Maintain Leading Position as Global No.1
Continued to Maintain Leading Position as Global No.1 Expert in Raised Barriers of Product Technology Optics Shipment Volume of the Company’s Vehicle Lens Sets (unit: k) 75,000 67,980 56,174 60,000 50,102 45,000 30,000 15,000 0 2019 2020 2021 16
Slide 17: Consolidated Leading Position in the Industry Carried out In-depth Cooperation
Consolidated Leading Position in the Industry Expert in Carried out In-depth Cooperation with International Customers Optics Shipment Volume of Total Shipment Volume of the Company’s the Company’s Handset Camera Modules Periscope Modules and Large Image Size Modules * Large image size modules refer
Slide 18: Expanded Global Layout Enhanced Large-scale and High-end Manufacturing Capabilities
Expanded Global Layout Expert in Optics Enhanced Large-scale and High-end Manufacturing Capabilities Production Base R&D Center Henan Shanghai Zhejiang Guangdong U.S.A South Korea China India Vietnam 18
Slide 19: Awards and Recognitions
Awards and Recognitions Expert in Optics Sunny Zhejiang Optics was awarded Sunny Optical Technology “Best Delivery Award” --ZTE Corporation Moody’s credit rating was raised from “Baa2” to “Baa1” “2021 Excellent Supplier Award” --Wingtech Technology Co., Ltd. MSCI ESG rating was raised from “BBB” to
Slide 20: Outlook
Expert in Optics 3 Outlook
Slide 21: Strive for Differentiated Breakthroughs of Smartphone Cameras
Expert in Strive for Differentiated Breakthroughs of Smartphone Cameras Optics Main Camera • Large image size • Hybrid (G+P) Front Camera • Ultra-thin (foldable screen) • Large aperture • Dual OIS & sensor-shift • Variable aperture stabilisation • Ultra-miniaturized head • Front AF/OIS Ultra-wide An
Slide 22: Rapid Progress of Autonomous Driving Huge Potential in Optical Applications
Rapid Progress of Autonomous Driving Expert in Huge Potential in Optical Applications Optics Vehicle Camera Related Front-view In-cabin Rear-view Surround- Rear-view (ADAS) Monitoring E-mirror view (360°） for Parking Vehicle Lens Sets Vehicle Modules Display Related LiDAR Optical System multi-soluti
Slide 23: Smart Eye
Seize New Opportunities in Markets Expert in Take the Lead in the Industry Optics XR Display/ Sensing Drone Smart Screen System Solution Recognition Smart Facial Robotic Sweeping Recognition Robot Eye Terminal Vision Positioning Smart Door Lock Service + Peephole Robot Inspection New Retail Intellig
Slide 24: Appendix
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Slide 25: Milestones
Expert in Milestones Optics 2013 2019 2003 • Successfully placed 97,000,000 new • Established new production Commenced production of shares and raised net proceeds of bases in India and Vietnam, handset camera modules approximately HK$770 million producing handset camera • Achieved a series of Strat
Slide 26: Dividend Payout
Expert in Dividend Payout Optics Dividends （RMB million） 998.1 974.0 1,000 798.5 800 725.1 623.0 600 400 200 0 2017 2018 2019 2020 2021 （Proposed） For the year ended 31 December 26
Slide 27: Shareholding Structure
Expert in Shareholding Structure Optics Sun Ji (1) 100.00% Sun Xu Public 35.47% 64.53% Sunny Optical Technology (1) The Sunny Group Employee Offshore Trust is a trust which holds the entire issued share capital of Sun Ji Limited. Mr. Wang Wenjian, together with TMF Trust (HK) Limited, is one of the
Slide 28: Investor Relations Contacts
Expert in Investor Relations Contacts Optics Investor Relations Contacts： Media Relations Contacts: Sunny Optical Technology (Group) Company Limited Porda Havas International Finance Communications Group iroffice@sunnyoptical.com sunnyoptical@pordahavas.com jasmine@sunnyoptical.com chris@sunnyoptica
Sunny Optical Technology (Group) Company — FY2021 Earnings Presentation on 6ix