Press Release
2004.10.27
Sunplus Announces 3Q 2004 Financial Result
Hsinchu Science Park, Taiwan, October 27th, 2004 - Sunplus Technology Co., Ltd. (TSE: 2401, FTSE: SUPD) today announced its 3rd Quarter financial results of 2004. From January to September in 2004, the net sales added up to NT$13,926 million, which grew 89.8% comparing with the same period of last year. The net profits from January to September in 2004 were NT$2,394 million, which earnings per share were NT$ 2.73 based on current 875,254.4 thousand shares after dividend.

The net sales of 3Q'04 totaled NT$5,453million,and product gross margin of 3Q'04 increased to 34.5% due to product mix change and process migration. The R&D expenses in 3rd Quarter were 10.1% of the net sales. The net income in 3Q'04 amounted NT$1,032million, and the earnings per share would be NT$1.18 based on the current 875,254.4 thousand shares.

(in NT$ thousand)
Jan.~ Sep. 2004
Jan.~ Sep. 2003
YoY
Amount
Ratio
Amount
Ratio
Net Sales
13,925,754
100.0%
7,335,901
100.0%
89.8%
Gross Margin
4,565,273
32.8%
2,538,823
34.6%
79.8%
Operating Income
2,478,542
17.8%
1,205,915
16.4%
105.5%
Net Income
2,393,566
17.2%
1,204,590
16.4%
98.7%

EPS(NT$)
* Based on 875,254.4 Thousand Shares

2.73
1.38

(in NT$ thousand)
3Q 2004
3Q 2003
YoY
Amount
Ratio
Amount
Ratio
Net Sales
5,452,778
100.0%
3,099,838
100.0%
75.9%
Gross Margin
1,880,965
34.5%
1,098,520
35.4%
71.2%
Operating Income
1,027,189
18.8%
621,661
20.1%
65.2%
Net Income
1,032,419
18.9%
571,119
18.4%
80.8%
EPS(NT$)
* Based on 875,254.4 Thousand Shares
1.18
0.65

(in NT$ thousand)
3Q 2004
2Q 2004
QoQ
Amount
Ratio
Amount
Ratio
Net Sales
5,452,778
100.0%
4,837,986
100.0%
12.7%
Gross Margin
1,880,965
34.5%
1,507,593
31.2%
24.8%
Operating Income
1,027,189
18.8%
864,355
17.9%
18.8%
Net Income
1,032,419
18.9%
793,284
16.4%
30.1%
EPS(NT$)
* Based on 875,254.4 Thousand Shares
1.18
0.91