Slides
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2026.08
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Disclaimer 2 The information contained in this presentation is intended solely for your personal reference. Such information is subject tochange without notice, its accuracy is not guaranteed and it may not contain all material information concerning Sunny Optical Technology (Group) Company Limited. 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. All images in this presentation are for illustrative purposes only and are not intended for commercial use. If there is any infringement, please contact us for removal. This document is the exclusive property of Sunny Optical Technology (Group) Company Limited, and shall not be used in other forms without written permission.
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Contents PART 01 Results Review PART 02 Business Highlights PART 03 Outlook PART 04 ESG Progress
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01 Results Review
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19,651.9 21,905.7 5 Amidst Rising Memory Pricing Pressures Increase in Revenue and Profit Validated Business Resilience 1H25 1H26 Revenue Profit Attributable to Owners of the Company 1H25 1H26 RMB: Million RMB: Million 1H25 1H26 Gross Profit Margin Multiple business drivers: vehicle products, XR products, and other products all achieved revenue growth Gross profit increased YoY with Lower Operating Expenses +11.5% 19.8% 19.5% -0.3 ppt 1,646.1 1,808.4 +9.9%
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6 Revenue Gross Profit Other Products, Led by Pan-IoT, Saw a Contribution Surge New Growth Engine Rapidly Taking Shape Handset Products Vehicle Products XR Products Handset ProductsVehicle Products XR Products 10.9% 18.4% Handset Products Vehicle Products XR Products Other Products 18.2% Handset Products Vehicle Products XR Products 32.6% 1H25 1H26 1H25 1H26 Note: Revenue from other products is primarily derived from Pan-IoT products. Other Products Other Products Other Products Note: Gross Profit from other products is primarily derived from Pan-IoT products.
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Management Efficiency Laid the Foundation for Long-Term Growth 7 1H25 1H26 Change (RMB Million) Revenue 19,651.9 21,905.7 +11.5% Total Operating Expenses 2,410.6 2,404.7 -0.2% as % of revenue 12.3% 11.0% -1.3 ppt • Selling and Distribution Expenses 184.2 182.9 -0.7% as % of revenue 0.9% 0.8% -0.1 ppt • R&D Expenditure 1,633.6 1,650.7 +1.0% as % of revenue 8.4% 7.6% -0.8 ppt • Administrative Expenses 592.8 571.1 -3.7% as % of revenue 3.0% 2.6% -0.4 ppt
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Operating Quality Continued to Increase Strategic Investments Were Further Intensified 8 Net Cash Generated from Operating Activities Capital Expenditure RMB: Million RMB: Million 2,356.4 3,426.1 1,480.0 1,636.9 1H25 1H26 +10.6% +45.4% 1H25 1H26
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02 Business Highlights
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10 Handset Business - Captured the Premium Market While Stabilizing the Core Performance Base Revenue from Handset Products RMB: Million 1H25 1H26 400mm focal length extended lens sets with ultra-long focal length 200mm focal length light-weight extended lens sets Overseas Key Customer : • Deeply engaged in supplying core components, with our significant share gain in the customer's handset lens sets • Successfully expanded from single-category to multi-category supply, laying a solid foundation for achieving our full-year growth targets • Market share steadily increased in high-value Main Camera and Periscope Camera Extended Product Categories Emerged as a New Growth Engine High-Precision Ultra-Large Aperture Multi-Group Periscope Solution Ⅳ non-gold wire miniaturized Module Ultra-Large Image Size Wide-Angle OIS Solution Mobile Imaging – Capturing the Premium Market with Multiple High-End Products Now in Mass Production Single/Multi-Slot Prism Optical Power Prism Five-Fold Cemented Prism 13,248.0 13,148.6 -0.8% Global smartphone shipments declined 6%–8% YoY in H1 2026 (Composite estimates from IDC, Sigmaintell, Counterpoint, and other industry sources)
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11 Vehicle Business - Double-Digit Growth Cemented Leadership Product Breakthroughs Solidifed Long-Term Edge Revenue from Vehicle Products RMB: Million Revenue increased across both veicle camera products and other vehicle optical products 3,400.4 3,761.9 +10.6% Full-Stack Technology Platform, Building Core Competitiveness Electronic Engineering Material Science Optical Design Precision Processing Software Algorithms Optical Core Technology Innovation Platform Digitalized Manufacturing Technology Platform Opto-Mechanical- Electro-Algorithmic Integration Platform 1H25 1H26
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12 Continued Product Breakthroughs XR Business - Growth Driven by Smart Glasses and AR Glasses Continued Deepening Technology Deployment Revenue from smart glasses and AR glasses related products increased by over 50% Overcoming Material Constraints to Enable Lightweight Prism Solutions High-Performance Lightweight Prism Industry-Leading MOC Packaging Process Core Micro-LED Packaging Technology High-Precision MicroLED Packaging Industrial Thinnest Mass-Producible VID Lens Medium thickness ≤0.8mm Ultra-Thin VID Lens Molding Technology + Extreme Design + High-Precision Mass Assembly Extreme Miniaturization Multimodal Large Model Integration with Low Power & All-Day Battery Life Smart Glasses Solution AR Display Module Lightweight and Full-Color 860.6 955.7 Revenue from XR Products RMB: Million +11.0% 1H25 1H26
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13 Pan-IoT Business - Multiple Achievements Vertical Integration Fortified Whole-Device Business Base Molding Platform Equipment Platform Optical Components → Lens sets→ Module → Main Control Board → Mechanical Structure → Whole Device Optics + Whole Device Intelligent Manufacturing Integrated Vertical Integration Hardware-Software Integration On-device Model Deployment Multi-Sensor Fusion & Spatiotemporal Sync Secure data storage & transmission High-Precision 3D Vision Measurement Robotics Sector Optical Instruments Optical Components Deployed in logistics operations by leading overseas enterprises Mass production with multiple leading robotics brands Lawn Mower Vision System Solution Logistics & Warehousing – Industrial Cameras • Orders for AI-powered medical microscopy products surged significantly • Achieved a major breakthrough with semiconductor wafer defect inspection equipment at leading industry customers, while also expanding business horizontally into the glass wafer segment • Optical Design • Optical Fabrication • Molding Manufacturing • Coating Processes
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03 Outlook
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15 Consumer Electronics Category Expansion: Imaging in Emerging Segments Emerges as a New Growth Engine Handset Business - Navigating Market Headwinds While Capturing Structural Opportunities, Fortifying the Base Through Premium Strategy 1,264.0 1,088.0 1,076.3 1,135.1 1,178.2 2025 2026E 2027E 2028E 2029E （Source: IDC） Global Smartphone Shipment Forecast Million Units -13.9% • Strengthening core technology capabilities in actuator and multi-group AOA, while deepening expertise in vertically integrated module solutions • New category development and introduction with handset customers are generating additional growth momentum • Revenue contribution from a key overseas customer continued to grow, with full-year 2026 revenue growth expected to surpass 100% 48.5% 50.5% 52.1% 54.6% 55.0% 2026F 2027F 2028F 2029F 2030F High-end Mid-to-low-end （ Source: Company Internal Forecast） The share of high-end cameras (by revenue) is expected to rise from 48.5% to 55.0% from 2026 to 2030 Hiigh-end：Large-image size main cameras（above 1/1.3”）+variable aperture main cameras（ above 1/1.5” ）+periscope cameras
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16 Vehicle Business - Clear Direction in Autonomous Driving Upgrade Comprehensive Layout Demonstrating Full Strength Vehicle LiDAR Vehicle Camera Specification upgrades: higher pixel resolution, self-cleaning, and active heating features 2025–2030E Global ADAS/ADS Penetration Rate Trend Source: Frost & Sullivan • Global L3 regulatory framework is accelerating toward formalization in 2026 • L4 Robotaxi Commercial Operations Launched in Multiple Cities Globally in 2026 The number of cameras per vehicle is expected to increase from 3-5 units in 2025 to 8-12 units by 2030 Demand for multi-sensor fusion solutions combining vision and LiDAR continues to rise 12.5% 10.4% 9.8% 7.3% 6.5% 6.0% 48.5% 47.2% 44.6% 43.8% 40.7% 38.9% 36.4% 38.7% 40.2% 41.9% 44.1% 45.9% 2.6% 3.7% 5.4% 7.0% 8.6% 9.2% 2025 2026E 2027E 2028E 2029E 2030E L0 L1 L2 L3 and above
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17 XR Business - SG Leading Volume Growth AR Glasses Unlocking the Next Phase of Value Potential Smart Glasses High-Resolution Single Camera No Display Capability Multimodal Cloud-Based AI Large Models First-Person Shooting, Voice & AI Interaction, Low Power Consumption, Lightweight Design, and AI-Powered Life Assistant AR Glasses Multimodal Interaction, High- Definition Display Preview, and Fully Functional Personalized Memory Mini ET Spatial SLAM Compact High-Res AF Display + Eye-Tracking + Gesture + EEG + Device-Cloud Collaborative AI Large Models Display Optical Engine VID lens Optical Components Full-Chain Optics + Vertical Integration • Expanding from single optical components to lens sets, camera modules, display optics, optical engines, and whole-device integration • Both product lines share common capabilities in optics, precision manufacturing, and mass production 5.6 6.2 6.1 6.3 6.9 6.7 0.7 1.5 3.8 7.3 12.9 20.9 9.1 15.8 20.5 25.2 27.9 29.3 2025 2026E 2027E 2028E 2029E 2030E XR Market Development Trends and Outlook VR/MR AR Glasses SG Million Units （Source：YOLE） • SG have entered the volume ramp-up phase, representing the most certain market opportunity currently • AR glasses are currently in a phase of accelerated product validation, and the market is expected to see explosive growth in 2027
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18 AI moves into End Devices and the Physical World Creating New Hardware While Reshaping Traditional Optics Devices Data Acquisition Equipment AI Native Hardware: New Perception, Interaction, and Execution Terminals Providing Real-World Visual and Interaction Data for Robotics and Physical AI AI Smart Glasses and Wearables First-Person Perspective, full-day Perception, and Natural Interaction Entered into the Phase of Large-Scale Validation Embodied Intelligence and Robotic Vision Spatial Perception, Localization, Object Recognition, and Action Feedback Emerging Demand Intelligent Imaging Auto-Framing, Low-light Enhancement, Stabilization, 3D Reconstruction, and Content Understanding Intelligent Microscopy Automated Capture, Image Enhancement, Object Recognition, and Intelligent Analysis Intelligent Optical Devices – Evolving from Image Capture to Analysis and Decision-Making Industrial Vision Defect Recognition, 3D Measurement, Process Monitoring, and Automated Judgment High-Precision Imaging & Intelligent Inspection Integration Wafer & High-end Inspection Clear Application Value Has Been Demonstrated, with Commercialization Advancing Across Multiple Segments Common Drivers Hardware Power Consumption, Thermal Management, Size, and Continuous Perception Software Model Adaptation, Multimodal Fusion, and Result Stability Industrialization Scenario Definition, Customer Validation, and Scale Delivery Perceiving Physical World Understanding Environment and Task Forming Judgments Enabling Interaction or Action Emerging Demand
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19 Optical Sensing Hardware Empowering AI Hardware to See, to See Clearly, and to See Continuously Hardware-Software Collaboration and System Integration Strengthening Algorithm-Hardware Synergy in Image Enhancement, Multimodal Fusion & 3D Sensing Scale Manufacturing and Industrial Collaboration Transforming Technical Solutions into Mass- Production Products with Required Size, Power, Performance, Cost, and Delivery Consumption Full-Stack Optics, Hardware-Software Synergy and Scalable Manufacturing Enabling AI Hardware Deployment Across Scenarios Optical Design Ultra-Precision Machining Optical Components Spatial SLAM Imaging Module Miniaturization, Low Power Consumption, and High -Quality Imaging Perception Module Lens Sets Display Optics Module Integration System Integration Whole- Device Multi-Sensor Calibration & Fusion 3D Vision & Spatial Reconstruction On-Device Model Adaptation Image Enhancement & Low-Light Imaging Video Stabilization Defining Products with Customers Reference Design & Solution Validation Precision Manufacturing & Quality Control Yield, Cost & Delivery Management Supply Chain Integration From Prototype to Stable Mass Production Solutions + self-developed Algorithms Establishment of Scaled Business • AI Smart Glasses • Some Intelligent Imaging Products Expansion of Product Categories • Wearables • Robotic Vision • Data Acquisition Commercialization by Scenario • Industrial Vision • Microscopy Instruments • Wafer Inspection Commercialization Phase
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20 • Technological synergy: precision optical design, manufacturing processes, and mass-production capabilities • Customer overlap • Technology reusability: optical sensing hardware and system integration capabilities are naturally complementary Head: Localization & Perception System Perception & Recognition | Localization & Navigation Audio-Visual Multi-Sensor Fusion Chest/Waist: Safety Perception System Ground Modeling | 360° Surround View Integrated RGB-D / LiDAR Vision Hand: Manipulation Perception System Compact Short-Range RGB-D Camera Vision–Tactile Sensor Compact Short- Range RGB-D Camera Leg: Obstacle-Avoidance Perception System Intelligent Obstacle Avoidance | Foot Feedback ToF RGB-D / dToF Solid-State LiDAR Building a “Full-Perception” Product PortfolioEntry point: Core Optical Components Optical Interconnect Embodied Intelligence Increasing Resource Investment to Accelerate Commercialization New Frontiers, Powered by Core Capabilities Aspheric Ferrule Lens Z-block WDM Component Resin Lens Glass V-Groove Substrate Etched Silicon Lens micro lens/micro lens array Aspheric Cylindrical Lens
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04 ESG Progress
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22 ESG Achievements External Ratings Sustainability-Linked Bond Performance Targets Achieved AwardsInclusion in ESG Indices • FTSE Russell ESG score improved to 4.5 • Hang Seng ESG rating maintained at A+ • Morningstar Sustainalytics score of 21.8 • 2026 Fortune Global 500: Ranked 353 • 2026 Fortune China Tech 50 • Forbes Sustainable Industrial Enterprise Award Target: 20% reduction in greenhouse gas emission intensity by 2025 (vs. 2021) Achievement: emission intensity of 7.0 tCO₂e / RMB million revenue, a 32.0% reduction from the baseline year, and exceeding the target • Hang Seng Corporate Sustainability Benchmark Index • Hang Seng ESG 50 Index • Hang Seng Index ESG Enhanced Index • FTSE4Good Index Series
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23 IR Contact @ iroffice@sunnyoptical.com 📞 +86 574-6253-0875 +852 3568-7038 📍 No.66-68, Fengle Road, Yuyao, Zhejiang Province, China Unit 2304-5, 23/F, Henley Building, 5 Queen’s Road Central, Central, Hong Kong