Press Release
2006.02.10
Sunplus Announces 4Q'05 Financial Result
Hsinchu Science Park, Taiwan, February 10th, 2006 - Sunplus Technology Co., Ltd. (TSE: 2401, FTSE: SUPD) today announces its financial results of 4th Quarter in 2005. The sales of 4Q'05 summed up NT$5,240million, which grew 6.3% comparing with 3Q'05. The gross margin in 4Q'05 was improved to 36.8% since gross margin in 4Q'04 was 27.5%. The R&D expenses in 4Q'05 were 11.9%. The net profits in 4Q'05 were NT$851million and the earnings per share in 4Q'05 were NT$0.90 based on the outstanding 948,729,656 shares on December 31st 2005.

The net sales from January 1st to December 31 added up to NT$18,781million, and gross margin were 32.6%, R&D expenses were 13.1% of the totaled net sales. The net profits from January 1st to December 31st in 2005 were NT$2,398 million, which earnings per share were NT$2.53 based on the outstanding 948,729,656 shares on December 31st 2005.

During the investor conference Sunplus also make a statement regarding the litigation settlement between Zoran and Mediatek. Being the holder of rights under the Oak patents involved in the litigation, Sunplus will get the cash payment of $20million approximately in 1Q'06. Meanwhile, Sunplus and its subsidiary Sunext Technology have entered into agreements with MediaTek granting each other non-exclusive licenses under the patents that used in the design and manufacture of optical storage devices for personal computer products.

(in NT$ thousand)
Jan. ~ Dec. 2005
Jan. ~ Dec. 2004
YoY
Net Sales
18,781,122
100.0%
18,940,056
100.0%
-0.8%
Gross Margin
6,120,398
32.6%
5,943,206
31.4%
3.0%
Operating Income
2,584,005
13.8%
2,926,528
15.5%
-11.7%
Net Income
2,398,355
12.8%
2,737,691
14.5%
-12.4%
EPS (NT$) *
Based on outstanding 948,729,656 shares on 12/31/2005
2.53
2.89
 

(in NT$ thousand)
4Q 2005
3Q 2005
QoQ
Net Sales
5,239,744
100.0%
4,928,759
100.0%
6.3%
Gross Margin
1,926,123
36.8%
1,746,231
35.4%
10.3%
Operating Income
964,677
18.4%
820,592
16.6%
17.6%
Net Income
851,361
16.2%
928,233
18.8%
-8.3%
EPS (NT$) *
Based on outstanding 948,729,656 shares on 12/31/2005
0.90
0.98

(in NT$ thousand)
4Q 2005
4Q 2004
YoY
Net Sales
5,239,744
100.0%
5,014,302
100.0%
4.5%
Gross Margin
1,926,123
36.8%
1,377,933
27.5%
39.8%
Operating Income
964,677
18.4%
447,986
8.9%
115.3%
Net Income
851,361
16.2%
344,125
6.9%
147.4%
EPS (NT$) *
Based on outstanding 948,729,656 shares on 12/31/2005
0.90
0.36