Sunny Optical Technology : Announces 2021 Interim Result Aug 16, 2021

To: Business Editors

(For Immediate Release)

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)

Sunny Optical Technology Announced 2021 Interim Results

Focusing on Technological Innovation

Consolidating Market Leading Positions

Revenue Increased approximately 5.1% to approximately RMB 19,833.4 million Net Profit Increased approximately 52.4% to approximately RMB2,706.6 million

Financial Highlights (For the six months ended 30 June)

	2021	2020	Change
	(RMB million)	(RMB million)
Revenue	19,833.4	18,863.8	+5.1%
－ Optical Components	4,343.9	3,863.5	+12.4%
－ Optoelectronic Products	15,307.8	14,873.8	+2.9%
－ Optical Instruments	181.7	126.5	+43.7%
Gross Profit	4,946.4	3,676.3	+34.5%
Net Profit	2,706.6	1,776.1	+52.4%
Basic Earnings per Share (RMB cents)	245.9	159.8	+53.9%

(16 August 2021, Hong Kong) Sunny Optical Technology (Group) Company Limited (stock code: 2382.HK), a global-leading integrated optical components and products producer, today announced its interim results for the six months ended 30 June 2021.

For the six months ended 30 June 2021, the Group's revenue was approximately RMB19,833.4 million, representing an increase of approximately 5.1% compared to the corresponding period of last year. Gross profit was approximately RMB 4,946.4 million, representing an increase of approximately 34.5% compared to the corresponding period of last year. The gross profit margin was approximately 24.9%, which was approximately 5.4 percentage points higher compared to the corresponding period of last year. Net profit was approximately RMB2,706.6 million, representing an increase of approximately 52.4% compared to the corresponding period of last year. The basic earnings per share increased by approximately 53.9% to approximately RMB245.9 cents.

Sunny Optical Technology Announced 2021 Interim Results

Press Release‧P.2

In the first half of 2021, facing the rapid-changing market environment, fierce industrial competition and complicated economic situation, the Group tackled the challenges ahead and expanded its competitive advantages, through a series of measures: increasing the investment in technological R&D and continuously renovating the process technology to promote the technological value added to the products; increasing investment in new businesses, firmly grasping the development opportunities in the emerging market and rapidly developing new business growth points, such as autonomous driving-related industry, AR/VR and other consumer electronics-related industries; and enhancing the internal incentive mechanism and further practicing the core value of "Create Together" to constantly attract more outstanding talents and promote the overall competitiveness.

For the six months ended 30 June 2021, the shipment volume of Sunny Optical Technology's three major products, namely handset lens sets, vehicle lens sets and handset camera modules, increased by approximately 11.1%, 82.0% and 34.5% respectively compared to the corresponding period of last year, which enabled the Group to maintain its industry leading position in the global market continuously and further enhanced its market share. On one hand, the Group thoroughly refined the existing advantageous businesses and has completed the R&D of many high-specification products during the period. On the other hand, the Group developed the emerging optical markets actively, strengthening its R&D of optical products in AR/VR, drone, smart home and other emerging fields, and has continuously made breakthroughs in the technological innovation.

Mr. Ye Liaoning, Chairman of the Board of Directors, said, "Looking forward to the second half of 2021, the Group will remain subject to many challenges in the face of a complex and volatile political and economic situation as well as increasing market competition. Nevertheless, the improvement of camera functions remains the key product differentiation in the smartphone industry. The rapid development of "electrified, connected, intelligent, shared" of the automobiles emerges in the automotive industry, and the integration of multi-sensor is becoming a trend. Technological innovation in optical products has also been driven by the booming development of robotic vision, AR/VR and other emerging industries. The Group will pay close attention to the industries and market trends, make a good market deployment in advance, take the advantages of scale, technology, resources and talents, and seize development opportunities amidst challenges to achieve steady and sustainable development."

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Sunny Optical Technology Announced 2021 Interim Results

Press Release‧P.3

Company Profile:

Sunny Optical Technology (Group) Company Limited is a global-leading integrated optical components and products manufacturer. The Group is principally engaged in the design, R&D, manufacture and sale of optical and optical-related products. Such products include optical components (such as glass spherical and aspherical lenses, plane products, handset lens sets, vehicle lens sets, security surveillance lens sets and other various lens sets), optoelectronic products (such as handset camera modules, 3D optoelectronic products, vehicle modules and other optoelectronic modules) and optical instruments (such as microscopes and intelligent inspection equipment. The Group focuses on the application fields of optoelectronic-related products, such as handsets, digital cameras, vehicle imaging and sensing systems, security surveillance systems and VR /AR, which are combined with optical, electronic, software and mechanical technologies.

Issued by Porda Havas International Finance Communications Group for and on behalf of

Sunny Optical Technology (Group) Company Limited.

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