Hsinchu Science Park, Taiwan, February 6th, 2004 - Sunplus Technology Co., Ltd. (TSE: 2401, LSE: SUPD) today announced its financial results of 2003. In 2003, the net sales added up to NT$11,098 million, which grew 28.5% comparing with 2002. Overall gross margin in 2003 were 34.4%, R&D expenses were 13.7% of the net sales of 2003. The net income in 2003 were NT$2,007 million, which earnings per share were NT$2.58 based on current 777,504 thousand shares.

The net sales of 4th Quarter in 2003 totaled NT$3,762 million, which net income amounted NT$802 million, and the earnings per share would be NT$1.03 based on the current 777,504 thousand shares. The product gross margin of 4Q'03 slightly decreased to 34.1% but R&D expense were 11.0% of the net sales in 4th Quarter.

(in NT$ thousand) Year 2003 Year 2002 YoY Net Sales 11,907,653 100.0% 8,635,911 100.0% 28.5% Gross Margin 3,822,309 34.4% 3,141,066 36.4% 21.7% Operating Income 1,978,627 17.8% 1,807,004 20.9% 9.5% Net Income 2,006,971 18.1% 2,115,735 24.5% -5.1% EPS(NT$) * Based on 777.504 Million Shares 2.58 2.72

 

(in NT$ thousand) 4Q 2003 Amount 3Q 2003 Amount QoQ Net Sales 3,761,752 100.0% 3,099,838 100.0% 21.4% Gross Margin 1,283,486 34.1% 1,098,520 35.4% 16.8% Operating Income 772,712 20.5% 621,661 20.1% 24.3% Net Income 802,381 21.3% 571,119 18.4% 40.5% EPS(NT$) * Based on 777.504 Million Shares 1.03 0.73