Press Release
2005.04.28
Sunplus Announces 1Q 2005 Financial Result
Hsinchu Science Park, Taiwan, April 28th, 2005 - Sunplus Technology Co., Ltd. (TSE: 2401, FTSE: SUPD) today announced its financial results of 1Q'05. The net sales from January to March in 2005 added up to NT$4,164 million, which grew 14.6% comparing with the same period in 2004. The gross margin of 1Q'05 dropped to 25.4% due to product mix change, US dollar depreciation and product ASP decline. The R&D expenses in 1Q'05 were 13.2% of the net sales. The SG&A expenses in 1Q'05 were 5.3% of the sales which declined 42.2% QoQ. The operating profits in 1Q'05 were NT$288million. The net income in 1Q'05 were NT$179million, which earnings per share were NT$ 0.20 based on current 875,254.4 thousand shares.

(in NT$ thousand)
1Q2005
1Q2004
YoY
Amount
Ratio
Amount
Ratio
Net Sales
4,163,961
100.0%
3,634,990
100.0%
+14.6%
Gross Margin
1,057,184
25.4%
1,176,715
32.4%
-10.2%
Operating Income
288,419
6.9%
586,998
16.1%
-50.9%
Net Income
179,085
4.3%
567,863
15.6%
-68.5%
EPS(NT$)
* Based on 875,254,400 Shares
0.20
0.65

(in NT$ thousand)
1Q2005
4Q2004
QoQ
Amount
Ratio
Amount
Ratio
Net Sales
4,163,961
100.0%
5,014,302
100.0%
-17.0%
Gross Margin
1,057,184
25.4%
1,377,933
27.5%
-23.3%
Operating Income
288,419
6.9%
447,986
8.9%
-35.6%
Net Income
179,085
4.3%
344,125
6.9%
-48.0%
EPS(NT$)
* Based on 875,254,400 Shares
0.20
0.39