Press Release
2003.01.27
Sunplus Announces 2002 Yearly Financial Result
Science-Based Industrial Park, Hsinchu, Taiwan, R.O.C. January 27, 2003 - Sunplus Technology Co., Ltd. (TSE: 2401, LSE: SUPD) today announced its 2002 yearly financial results. The net sales in 2002 totaled NT$8,636 million, which grew 30.1% compared to 2001. Due to product mix change and price competition, the gross margin declined to 36.4%, which was 40.6% in 2001. The fourth quarter sales were NT$2,143million, gross margin of 4th Quarter was 30.6%.

The net income amounted to NT$2,116 million, and the earnings per share in 2002 would be NT$3.04 based on the current 694.95 million shares. The net income from operations in 2002 added up to NT$ 1,807 million. The R&D expenses in 2002 were 12.2% of the net sales, which was 10.1% in 2001. The increases were caused by more new products development.

(in NT$M)
2002 Amount
2001 Amount
YoYChange
Net Sales
8,636
100.0%
6,639
100.0%
30.1%
Gross Margin
3,141
36.4%
2,697
40.6%
16.5%
Operating Income
1,807
21.0%
1,818
27.4%
-0.6%
Net Income
2,116
2,116
2,132
32.1%
-0.8%
EPS(NT$)* Based on 694.95 million shares
3.04*
3.07*
 

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