Science-Based Industrial Park, Hsinchu, Taiwan, July 25th, 2003 - Sunplus Technology Co., Ltd. (TSE: 2401, LSE: SUPD) today announced its 1st half financial results of 2003. For the first half year in 2003, the net sales added up to NT$4,236million, and net income were NT$633million. Earnings per share for the first half of 2003 were NT$ 0.81.

The net sales of 2Q'03 totaled NT$2,412 million, which net income amounted NT$420 million, and the earnings per share would be NT$ 0.54 based on the current 777.504 million shares. Due to product mix change and increase of license fee income, the gross margin of 2Q'03 increased to 36.9%. The R&D expenses in 2nd Quarter were 16.1% of the net sales, which were 17.4% in 1st Quarter in 2003. Net sales of 2nd quarter in 2003 grew about 30% compared to 1st quarter, while the net income in 2nd quarter jumped 97.3% comparing with 1st quarter.

(in NT$ thousand) 1H 2003 Amount 1H 2002 Amount YoY(%) Net Sales 4,236,063 100.0% 3,953,610 100.0% 7.1 Gross Margin 1,440,303 34.0% 1,522,341 38.5% -5.4 Operating Income 584,254 13.8% 913,123 23.1% -36.0 Net Income 633,471 15.0% 932,890 23.6% -32.1 EPS(NT$) * Based on 777.504 million shares 0.81 1.20

 

(in NT$ thousand) 2Q 2003 Amount 1Q 2003 Amount YoY(%) Net Sales 2,411,693 100% 1,824,370 100.0% 32.2 Gross Margin 889,590 36.9% 550,713 30.2% 61.5 Operating Income 419,922 17.4% 164,332 9.0% 155.5 Net Income 420,431 17.4% 213,040 11.7% 97.3 EPS(NT$) * Based on 777.504 million shares 0.54 0.27