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

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