Press Release
2002.07.26
Sunplus Announces 1H02 Financial Result
Science-Based Industrial Park, Hsinchu, Taiwan, July 26, 2002 - Sunplus Technology Co., Ltd. (TSE: 2401, FTSE:SUPD) today announced its financial results for the first half of 2002. Net sales for the 2002 first half were NT$3.954 billion, which is 33.7% growth compared to NT$2.956 billion for the 1st half year of 2001. The net sales reached 45.4% of the yearly forecast NT$8.708 billion for 2002. Due to product structure change, the operating margin for the first half of 2002 declined to 38.5%, which is 1% lower than the whole year forecast 39.5% of 2002, and also 0.4% less compared to 38.9.0% for the first half of 2001. The net income from operation added up to NT$913million, which reached 35.3% of NT$ 2.586 billion yearly forecast. The result came from the non-operating side such as about NT$72 million foreign exchange loss in the first half of 2002. For the stock market is not good, there were NT$100 million less than the forecast of gain on the dispose of investments. The R&D expenses for the first half were 12.2% of the sales revenue and higher than same period of last year as 10.3%. The Net income amounted to NT$933 million so that earnings per share would be NT$1.34 based on the current 694.95 million shares after stock dividend.

(in NT$M) 1H02 Amount* 1H01 Amount YoY change
Net Sales 3,954 100 % 2,957 100 % 33.7%
Gross Margin 1,522 38.5% 1,151 38.9% 32.2%
Operating Income 913 23.1% 738 24.9% 23.6%
Net Income 933 23.6% 967 32.6% -3.6%
EPS(NT$) 1.34    

About Sunplus

Sunplus Technology Co., Ltd. (TWSE: 2401, LSE: SUPD), established in 1990, is a leading chip provider for multimedia and automotive applications such as DVD player, portable DVD player, home entertainment audio products, car infotainment and advanced driving assistance system(ADAS). Meanwhile Sunplus is offering high-speed I/O IP, high performance data conversion IP, and analog IP for a broad range of applications on consumer, portable, and connected devices for Sunplus has been accumulating strong IP technologies on consumer and multimedia segments. Sunplus is headquartered in Taiwan and has service offices in Shanghai, Shenzhen and Chengdu. For more information, please visit Sunplus website at www.sunplus.com.

Sunplus Contact

Spokesperson

Wayne Shen
Vice President
+886-3-5786005#2350
wayne@sunplus.com

Deputy Spokesperson

Joseph Chuang
Administration Div. Director
+886-3-5786005#3120
pr@sunplus.com