Corporate Presentation

Transcription

1 Corporate Presentation Reverse Roadshow June 2018

2 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. 2

3 Agenda 1 2 Company Overview Review of Operations & Development Strategies 3 Financial Highlights 4 Open Forum 3

4 Company Overview 4

5 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 年 5

6 Milestones Established and entered into the optical industry CREATE A WORLD-RENOWNED OPTOELECTRONIC COMPANY Entered into the field of image digitization 2003 Commenced production of handset camera modules 2004 Enhanced R&D and production capacity of handset lens sets Possessed plastic aspherical lens technology Entered into the field of vehicle lens sets 2007 Set up Sunny Instruments Singapore PTE. Ltd. in Singapore to commence the R&D and production of optical measuring instruments Listed on the Main Board of the Hong Kong Stock Exchange Newly set up Zhejiang Sunny Optical Intelligence Technology Co., Ltd. in Hangzhou, responsible for the R&D, marketing and sales of intelligent optics products Successfully placed 97,000,000 new shares and raised net proceeds of approximately HKD 770 million Entered into a series of Strategic Cooperation Agreements with Konica Minolta Optical Products (Shanghai) Co., Ltd Set up subsidiaries in the US and South Korea Invested in MantisVision Ltd. to make the strategic layout of 3D imaging business 2018 Issued US$600mn fiveyear bonds Set up Sunny Optical (Zhejiang) Research Institute Co., Ltd. in Hangzhou 6

7 Optical Components Business Consumer Electronics Vehicle Safety Applications Security Surveillances Applications 7

8 Optoelectronic Products Business Smartphone Intelligent Vehicle Security Surveillances Applications HMI/Bio Detection AR & VR 8

9 Optical Instruments Business 体视 Stereoscopic Biomedical 荧光 Fluorescent 生物 金相 Metallurgical Industrial Inspection l inspectio n Biological Research/ Education 9

10 Optical Instruments Business-Continued Combine big data and machine-learning to develop more intelligent equipment for testing, manufacturing and assembly Automotive Camera Module Auto- Alignment Equipment IRCF Defect Inspection Equipment Scanning Detection Equipment For ACF Conductive Particle FS200 Mycobacterium Tuberculosis (TB) Fluorescence Micro-scanning Equipment 10

11 Review of Operations & Development Strategies 11

12 Trend of Smartphone Camera Lens Sets Large Aperture F#1.5 F#1.8 Increase light transmission Realize close-up effect Large Aperture FNO1.80 FNO1.70 FNO1.65 FNO1.55 FNO1.45 Smaller Size-Smaller Head OLED screen φ H LCD-screen Smaller Head Miniaturized camera rides on full screen popularization The screen from 12:9 to 16:9 and to 18:9 now. Φ4.0mm Φ3.7mm Φ3.5mm 12

13 Trend of Smartphone Camera Lens Sets-Continued Bigger FOV Selfie Regular Handset Lens Set Big FOV Handset Lens Set Wide FOV: Optical Zoom in Dual Camera After distortion calibration WIDE TELE Big FOV WIDE AR/VR TOF Obtain the In- Depth Information Real-time 3D Modeling 13

14 Continue to Gain Global Market Share Strive for Domestic No.1 and Global No.2 (Unit : k) 700, , ,000 Shipment Volume of the Company s Handset Lens Sets 608,074 50% 40% Shipment Volume Proportion of the Company s Handset Lens Sets by Pixels 8-mega pixel handset lens sets 10-mega pixel above handset lens sets 47.6% 400, ,241 30% 28.9% 300, ,556 20% 19.8% 18.3% 200,000 10% 9.1% 8.1% 100, % For the year ended 31 December For the year ended 31 December 14

15 Automotive Lens Applications Parking Assistant FCW LDW Sensitive gesture recognition HCI Automatic Parking Driver Fatigue Monitoring Intelligent High Beam Control & Anti-speeding Warning Rear View Interior Vision Front View Full Display Mirror Side View 360 Surround View FIR camera Blind Spot Detection 15

16 Sunny Core Optical Parts of HUD in Serial Production & Shipment 1. Augmented Reality HUD (AR HUD) Lincoln applied Sunny s parts with its world premiere of AR-HUD, which is the HUD with highest luminance and widest FOV in the market. 2. Windshield HUD (WHUD) Sunny s core optical parts supplies the most popular new-energy vehicles and leading Chinese OEMs. 16

17 Maintain No.1 Position in Global Market Further Expand (Unit: k) 35,000 Shipment Volume of the Company s Vehicle Lens Sets 31,891 30,000 25,000 22,622 20,000 15,000 16,516 10,000 5, For the year ended 31 December 17

18 Solidify Leading Position in Domestic Market Further Capture Overseas Clients Shipment Volume of the Company s Handset Camera Modules Shipment Volume Proportion of the Company s Handset Camera Modules by Pixels (Unit: k) 350, , , ,831 70% 60% 8-mega pixel handset camera modules 10-mega pixel above handset camera modules 60.7% 64.5% 250, ,057 50% 200,000 40% 150,000 30% 31.3% 100,000 20% 20.0% 22.4% 20.5% 50,000 10% % For the year ended 31 December For the year ended 31 December 18

19 Smart Optical System Solution Provider Terminal Applications AR System Solutions 3D Smartphone 3D Scanner Depth Camera Software/ Algorithms Gesture Interaction Device Smart Home Sensing Device Unmanned Aerial Vehicle VSN Surround Vision Camera Automotive Camera Modules Basic Modules Dual-Camera Modules 20MP TOF Modules AR Modules 2K/4K Camera VR Iris Recognition Modules Basic Optical Components PDAF OIS Structured-light Modules 19

20 Financial Highlights 20

21 Financial Highlights Change (RMB mn) For the year ended 31 December Revenue 14, , % Gross Profit 2, , % Profit Before Tax 1, , % Income Tax Expense (174.8) (404.2) % Effective Tax Rate 12.1% 12.2% +0.1 ppt Profit for the Year Attributable to Owners of the Company 1, , % Basic Earnings per Share (RMB cents) % 21

22 Operating Expenses Analysis (RMB mn) For the year ended 31 December (as % of revenue) (as % of revenue) (as % of revenue) Revenue 10, % 14, % 22, % Total Operating Expenses Selling and Distribution Expenses R&D Expenditure Administrative Expenses % 1, % 1, % % % % % % 1, % % % % 22

23 Solid Financial Position For the year ended 31 December Current Ratio (Times) Operating Cash Inflow (RMB mn) 1, , ,436.3 Cash and Cash Equivalents (RMB mn) 2, , ,339.5 Pledged Bank Deposits (RMB mn) Financial Assets Designated as at Fair Value through Profit and Loss (RMB mn) 1, , ,952.3 Bank Balances and Cash (RMB mn) ,246.9 Net Cash per Share (RMB cents) Gearing Ratio (%) ROE (%) Capital Expenditure (RMB mn) ,

24 Open Forum IR Contacts Sunny Optical Technology (Group) Company Limited Tel: +86 (574) /