Press Release
2005.02.01
Sunplus Announces 4Q 2004 Financial Result
Hsinchu Science Park, Taiwan, February 1st, 2005 - Sunplus Technology Co., Ltd. (TSE: 2401, FTSE: SUPD) today announced its financial results of 2004. From January to December in 2004, the net sales added up to NT$18,940 million, which grew 70.7% comparing with 2003. The net income in 2004 were NT$2,738 million, which earnings per share were NT$ 3.13 based on current 875,254.4 thousand shares after dividend.

The net sales of 4Q'04 totaled NT$5,014 million,and product gross margin of 4Q'04 dropped to 27.5% due to product mix change, US dollar depreciation and product ASP decline. The R&D expenses in 4th Quarter were 11.0% of the net sales. The SG&A expenses in 4th Quarter were 7.6% of the sales because higher sales commission and service charges. The net income in 4Q'04 amounted NT$344 million, and the earnings per share would be NT$0.39 based on the current 875,254.4 thousand shares.

(in NT$ thousand)
2004
2003
YoY
Amount
Ratio
Amount
Ratio
Net Sales
18,940,056
100.0%
11,097,653
100.0%
70.7%
Gross Margin
5,943,206
31.4%
3,822,309
34.4%
55.5%
Operating Income
2,926,528
15.5%
1,978,627
17.8%
47.9%
Net Income
2,737,691
14.5%
2,006,971
18.1%
36.4%

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

3.13
2.29

(in NT$ thousand)
4Q2004
4Q2003
YoY
Amount
Ratio
Amount
Ratio
Net Sales
5,014,302
100.0%
3,761,751
100.0%
+33.3%
Gross Margin
1,377,933
27.5%
1,283,486
34.1%
+7.4%
Operating Income
447,986
8.9%
772,712
20.5%
-42.0%
Net Income
344,125
6.9%
802,381
21.3%
-57.1%
EPS(NT$)
* Based on 875,254.4 Thousand Shares
0.39
0.92

(in NT$ thousand)
4Q2004
3Q2004
QoQ
Amount
Ratio
Amount
Ratio
Net Sales
5,014,302
100.0%
5,452,778
100.0%
-8.0%
Gross Margin
1,377,933
27.5%
1,880,965
34.5%
-26.7%
Operating Income
447,986
8.9%
1,027,189
18.8%
-56.4%
Net Income
344,125
6.9%
1,032,419
18.9%
-66.7%
EPS(NT$)
* Based on 875,254.4 Thousand Shares
0.39
1.18

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