R:10 G:49 B:121 R:29 G:110 Corporate Presentation · 2019-06-18 · R:17 G:37 B:77 R:10 G:49 B:121...
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1 Optics Expert in Corporate Presentation Investor Day June 2019
Transcript of R:10 G:49 B:121 R:29 G:110 Corporate Presentation · 2019-06-18 · R:17 G:37 B:77 R:10 G:49 B:121...
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Optics Expert in
Corporate Presentation
Investor Day
June 2019
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Optics Expert in Disclaimer
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) Company Limited (the “Company”).
The Company makes no representation regarding, and assumes no responsibility
or liability for, the accuracy or completeness of, or any errors or omissions in,
any information contained herein.
In addition, the information contains projections and forward-looking statements
that may reflect the Company’s current views with respect to future events and
financial performance. These views are based on current assumptions which are
subject to various risks and which may change over time. No assurance can be
given that future events will occur, that projections will be achieved, or that the
Company’s assumptions are correct. It is not the intention to provide, and you
may not rely on this presentation as providing, a complete or comprehensive
analysis of the Company's financial or trading position or prospects.
This presentation does not constitute an offer or invitation to purchase or
subscribe for any securities or financial instruments or to provide any investment
service or investment advice, and no part of it shall form the basis of or be relied
upon in connection with any contract, commitment or investment decision in
relation thereto.
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1. Company Overview
2. Review of Operations & Development Strategies
3. Financial Highlights
Agenda
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Company Overview
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Optics Expert in
Guangdong
Yangming Base Lanjiang Base
Chengxi Base
Shanghai Base
Xinyang Base
Zhongshan Base
Henan
Zhejiang
Shanghai
Leading Integrated Optical Components and Products Producer
Established in 1984 and listed on the Main Board of the Hong Kong Stock Exchange in 2007, issued 1 billion shares.
In September 2013, the Company had successfully placed 97,000,000 new shares.
4 production bases in China with strong technical and manufacturing capabilities
Strong R&D capabilities, with R&D centers set up in China, Singapore, South Korea, USA, etc.
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Review of Operations &
Development Strategies
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Optics Expert in
81,491
65,187
85,988
113,252
106,698
0
20,000
40,000
60,000
80,000
100,000
120,000
Jan Feb Mar Apr May
Shipment Volume of the Handset Lens Sets (Unit: k)
Monthly Shipment of Each Core Product in 2019
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Optics Expert in
Monthly Shipment of Each Core Product in 2019
36,638
28,137 28,566
38,887 39,699
0
5,000
10,000
15,000
20,000
25,000
30,000
35,000
40,000
45,000
Jan Feb Mar Apr May
Shipment Volume of the Handset Camera Modules (Unit: k)
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Optics Expert in
4,208
2,680
3,730 3,770 3,918
0
500
1,000
1,500
2,000
2,500
3,000
3,500
4,000
4,500
Jan Feb Mar Apr May
Shipment Volume of the Vehicle Lens Sets (Unit: k)
Monthly Shipment of Each Core Product in 2019
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Optics Expert in
Trend of Rear Lens Sets
Ultra Wide FOV
Telephoto Lens Set
2M/5M Depth of Field
Macro Lens Set
3D Lens Set
Hybrid Lens Set
Main Camera
Large Image &
High Resolution
Large Pixel + Large Aperture + OIS
Equivalent Focal Length: 51mm →70mm →125mm
① Larger FOV ② Lower Cost
Video
FF →AF
①32M →48M → 64M
②1/2.8 ″ →1/2″ →1/1.7 ″ →Much Larger
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Optics Expert in
① Super thin
② Pop-up/Sliding
③ Under Screen
Trend of Front Lens Sets
Smaller Head
Ultra Thin Lens Set
Front AF Lens Set
Biological Recognition
Fingerprint
3D
1/2.8”
Φ2.7
H0.5
1/3.4”
Φ2.4
H0.5
1/3”
Φ2.6
H0.9
1/4”
Φ2.6
H0.9
Pop-up
Sliding
风 险 Applications
①the best solution for different focal lengths test;
②Front AF + Large Aperture
Under
Screen
风 险 Applications
Structured Light
TOF
TTL: 4.2mm→4.0mm→3.4mm→3.2mm
Notch screen
Water Drop Screen
Hole-punch Screen
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Optics Expert in Intelligent Equipment
Combine big data and machine learning to develop more intelligent equipment for testing,
manufacturing and assembly.
Automotive Camera Module
Active Alignment Equipment
Scanning Detection Equipment for
ACF Conductive Particle
IRCF Defect Inspection Equipment
Pathological Section Scan-imaging Analysis System
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Optics Expert in
Optical
Camera
Smart
Eye
Image
Sensor
Optical
Lens
Intelligent
Equipment
Intelligent Digital
Factory
Optical
Instrument
1 2 3 4
1 2 3
Strategy Initiatives
1. Transformation from an optical products manufacturer to a smart optical system solution provider
2. Transformation from an instrument manufacturer to a system solution integrator
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Optics Expert in
3. Iron Triangle (Industrial Fund / Research Institute / Industrial Platform) cooperates with each other
to accelerate the development of the Group.
External
Internal
Industrial
Fund
Research
Institute
Industrial
Platform
• Industrial Fund Investment fields of industry fund---- partners and upstream
& downstream of products
• Industrial Platform Co-creation and startups
• Research Institute Set up Sunny Research Institute in Hangzhou
① ②
③
① Pay attention to the industrial technology and products with the research institute.
② Complement internal startups; marketing analyze, participate, cultivate on internal venture project
③ The products hatched from Sunny Research Institute are commercialized by internal startups.
Strategy Initiatives
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Financial Highlights
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Optics Expert in
2017 2018
Financial Highlights
Change For the year ended 31 December
(RMB mn)
Revenue 22,366.3
Gross Profit
Profit Before Tax
Income Tax Expense
Effective Tax Rate (%)
Profit for the Year Attributable
to Owners of the Company
Earnings per Share – Basic (RMB cents)
4,802.8
3,318.3
(404.2)
12.2
2,901.6
266.8
25,931.9
4,913.1
2,851.3
(338.6)
11.9
2,490.9
227.9
+15.9%
+2.3%
-14.1%
-16.2%
-0.3ppt
-14.2%
-14.6%
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Optics Expert in
2017 2018
Operating Expenses Analysis
For the year ended 31 December
(RMB mn)
Revenue
Total Operating
Expenses
Selling and
Distribution Expenses
R&D Expenditure
Administration
Expenses
22,366.3
1,762.2
205.1
1,168.2
388.9
100.0%
7.8 %
0.9 %
5.2 %
1.7 %
(as % of revenue) (as % of revenue)
2016
14,611.8
1,179.5
153.9
694.4
331.2
100.0%
8.2 %
1.1 %
4.8 %
2.3 %
(as % of revenue)
25,931.9
2,006.1
209.9
1,362.3
433.9
100.0%
7.8 %
0.8 %
5.3 %
1.7 %
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Optics Expert in
2017 2018
Solid Financial Position
As at 31 December/ for the year ended 31 December
Current Ratio (Times) 1.5
Operating Cash Inflow (RMB mn)
Cash and Cash Equivalents (RMB mn)
Net Cash per Share (RMB cents)
Gearing Ratio (%)
ROE (%)
2,436.3
3,339.5
1,952.3
183.1
8.6
38.8
Capital Expenditure (RMB mn) 1,765.5
Pledged Bank Deposits (RMB mn)
Financial Assets at Fair Value through
Profit or Loss (RMB mn)
Bank Balances and Cash (RMB mn)
140.3
1,246.9
2016
1.9
3,567.9
7,248.6
4,759.6
154.3
24.3
27.1
2,617.4
214.7
2,274.3
1.4
1,615.5
2,754.7
2,027.5
171.2
7.8
25.9
101.0
626.2
972.7
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Optics Expert in
0
5,000
10,000
15,000
20,000
25,000
30,000
2016 2017 2018
OpticalComponents
OptoelectronicProducts
OpticalInstruments
For the year ended 31 December
25,931.9
39.8%
10.5%
40.4%
44.0%
13.1%
43.2% 41.5%
8.4%
40.5%
0%
10%
20%
30%
40%
50%
OpticalComponents
OptoelectronicProducts
OpticalInstruments
2016 2017 2018
For the year ended 31 December
Revenue by Business Segments Gross Profit Margins by Business Segments
Revenue and Gross Profit Margins
By Business Segments
14,611.8
22,366.3
(RMB mn)
78.0%
20.2%
1.8%
1.3%
79.5%
19.2%
1.2%
75.6%
23.2%
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Optics Expert in
84%
6% 4% 1%
5%
Handset Related Products
Vehicle Lens Sets
Digital Camera Related Products
Optical Instruments
Other Products
For the year ended 31 December
Revenue Breakdown by Product Applications
2018
85%
6% 4%
1%
4%
83%
6% 5% 2%
4%
2017 2016
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Thanks!
