Science-Based Industrial Park, Hsinchu, Taiwan, October 24th, 2003 - Sunplus Technology Co., Ltd. (TSE: 2401, LSE: SUPD) today announced its 3rd Quarter financial results of 2003. From January to September in 2003, the net sales added up to NT$7,336 million, which grew 13.0% comparing with the same period of last year. The net income from January to September in 2003 were NT$1,205 million, which earnings per share were NT$ 1.55 based on current 777,504 thousand shares.

The net sales of 3Q'03 totaled NT$3,100 million, which net income amounted NT$571million, and the earnings per share would be NT$ 0.73 based on the current 777,504 thousand shares. The product gross margin (no licensing fee income this quarter) of 3Q'03 increased to 35.4% due to product mix change and process migration. The R&D expenses in 3rd Quarter were 12.7% of the net sales, which were 16.1% in 2nd Quarter in 2003.

(in NT$ thousand) Jan~Sep 2003 Amount Jan~Sep 2002 Amount YoY(%) Net Sales 7,335,901 100.0% 6,492,680 100.0% 13.0% Gross Margin 2,538,823 34.6% 2,485,619 38.3% 2.1% Operating Income 1,205,915 16.4% 1,515,588 23.3% (20.4%) Net Income 1,204,590 16.4% 1,687,685 26% (28.6%) EPS(NT$) * Based on 777.504 million shares 1.55 2.17

 

(in NT$ thousand) 3Q 2003 Amount 2Q 2003 Amount YoY(%) Net Sales 3,099,838 100% 2,411,693 100.0% 28.5% Gross Margin 1,098,520 35.4% 889,590 36.9% 23.5% Operating Income 621,661 20.0% 419,922 17.4% 48.0% Net Income 571,119 18.3% 420,431 17.4% 35.8% EPS(NT$) * Based on 777.504 million shares 0.73 0.54