Hsinchu Science Park, Taiwan, April 27th, 2004 - Sunplus Technology Co., Ltd. (TSE: 2401, LSE: SUPD) today announces its financial results of 1st quarter in 2004. The net sales added up to NT$3,635 million, which grew 99.2% comparing with the same period in 2003. Overall gross margin in 1Q'04 were 32.4%, R&D expenses were 12.7% of the net sales of 1Q'04. The net income in 1Q'04 were NT$568 million, which earnings per share were NT$0.73 based on current 777,504 thousand shares.

(in NT$ thousand) 1Q2004 1Q2003 YoY Net Sales 3,634,990 100.0% 1,824,370 100.0% 99.2% Gross Margin 1,176,715 32.4% 550,713 30.2% 113.7% Operating Income 586,998 16.2% 164,332 9.0% 257.2% Net Income 567,863 15.6% 213,040 11.7% 166.6% EPS(NT$) * Based on 777.504 million shares 0.73 0.27

 

(in NT$ thousand) 1Q2004 4Q 2003 QoQ Net Sales 3,634,990 100.0% 3,761,752 100.0% -3.4% Gross Margin 1,176,715 32.4% 1,283,486 34.1% -8.3% Operating Income 586,998 16.2% 772,712 20.5% -24.0% Net Income 567,863 15.6% 802,381 21.3% -30.6% EPS(NT$) * Based on 777.504 Million Shares 0.73 1.03