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