Science-Based Industrial Park, Hsinchu, Taiwan, October 24th, 2003 - Sunplus Technology Co., Ltd. (TSE: 2401, LSE: SUPD) today announced its 3rd Quarter financial results of 2003. From January to September in 2003, the net sales added up to NT$7,336 million, which grew 13.0% comparing with the same period of last year. The net income from January to September in 2003 were NT$1,205 million, which earnings per share were NT$ 1.55 based on current 777,504 thousand shares.

The net sales of 3Q'03 totaled NT$3,100 million, which net income amounted NT$571million, and the earnings per share would be NT$ 0.73 based on the current 777,504 thousand shares. The product gross margin (no licensing fee income this quarter) of 3Q'03 increased to 35.4% due to product mix change and process migration. The R&D expenses in 3rd Quarter were 12.7% of the net sales, which were 16.1% in 2nd Quarter in 2003.

(in NT$ thousand) Jan~Sep 2003 Amount Jan~Sep 2002 Amount YoY(%) Net Sales 7,335,901 100.0% 6,492,680 100.0% 13.0% Gross Margin 2,538,823 34.6% 2,485,619 38.3% 2.1% Operating Income 1,205,915 16.4% 1,515,588 23.3% (20.4%) Net Income 1,204,590 16.4% 1,687,685 26% (28.6%) EPS(NT$) * Based on 777.504 million shares 1.55 2.17

 

(in NT$ thousand) 3Q 2003 Amount 2Q 2003 Amount YoY(%) Net Sales 3,099,838 100% 2,411,693 100.0% 28.5% Gross Margin 1,098,520 35.4% 889,590 36.9% 23.5% Operating Income 621,661 20.0% 419,922 17.4% 48.0% Net Income 571,119 18.3% 420,431 17.4% 35.8% EPS(NT$) * Based on 777.504 million shares 0.73 0.54

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