2025/8/19
Spokesman: Joseph Chuang E-mail: ir@sunplus.com
Make difference
Sunplus Affiliates
Profession | Shareholding | Stock code | ||
Sunplus Technology Co., Ltd. (592m shares) Automotive, Audio IC & IP Design | 100% | TWSE#2401 | ||
Generalplus Technology Co., Ltd. (109m shares) Speech/Music, LCD, Digital Video & Image SoC Turnkey Solutions, Micro-Controllers | 48% | TWSE#4952 | ||
Sunplus Innovation Technology Inc. (58m shares) UVC & HID Control IC | 57% | TWSE#5236 | ||
Jumplux Technology Inc. (24m shares) Automotive MCU & USB Storage ASIC | 100% |
* Based on 2025/6/30 Consolidated-holding by Sunplus
Human Resources Global Employees
Production Administration 6%
21%
R&D
73%
Global Employees/ R&D 1,049 / 766
44% Master above
Sunplus HROther 27%
R&D 73%
Sunplus HR/ R&D 328 / 239
66% Master above
* Data by 2025/6/30
1H Consolidated Results
(NT$ million) | 2025 1H | 2024 1H | YoY | |||||
Net Sales | 3,248 | 100% | 3,134 | 100% | 4% | |||
COGS | 1,711 | 53% | 1,606 | 51% | 7% | |||
Gross Margin | 1,536 47% | 1,528 49% | 1% | |||||
R&D Expenses | 1,062 | 33% | 995 | 32% | 7% | |||
SG&A Expenses | 400 | 12% | 451 | 14% | (11%) | |||
Operating Net Profit (Loss) | 73 2% | 82 3% | (11%) | |||||
Non-Op. Gain (Loss) | 91 | 3% | 393 | 13% | (77%) | |||
Net Income (Loss) | 90 3% | 425 14% | (79%) | |||||
Other Comprehensive Income | (387) | (12%) | 36 | 1% | (1185%) | |||
Total Comprehensive Income Net Profit Attributable To | (296) | (9%) | 460 | 15% | (164%) | |||
Shareholders of the parent | (71) (2%) | 234 7% | (130%) | |||||
Non-controlling interests | 162 | 5% | 190 | 6% | (15%) | |||
EPS (NT$) | (0.12) | 0.40 | ||||||
** EPS based on outstanding 591,994,919 shares on 2025/06/30 | ||||||||
Q2 Consolidated Results
(NT$ million) | 2025 2Q | 2025 1Q | QoQ | 2024 2Q | YoY | ||||||||
Net Sales | 1,706 | 100% | 1,542 | 100% | 11% | 1,788 | 100% | (5%) | |||||
COGS | 921 | 54% | 791 | 51% | 16% | 919 | 51% | 0% | |||||
Gross Margin | 785 46% | 751 49% | 5% | 869 49% | (10%) | ||||||||
R&D Expenses | 522 | 31% | 541 | 35% | (3%) | 509 | 28% | 3% | |||||
SG&A Expenses | 213 | 12% | 187 | 12% | 13% | 282 | 16% | (25%) | |||||
Operating Net Profit (Loss) | 51 3% | 22 1% | 126% | 78 4% | (35%) | ||||||||
Non-Op. Gain (Loss) | 33 | 2% | 58 | 4% | (44%) | 37 | 2% | (12%) | |||||
Net Income (Loss) | 51 3% | 39 3% | 32% | 112 6% | (54%) | ||||||||
Other Comprehensive Income | (433) | (25%) | 47 | 3% | (1032%) | 55 | 3% | (889%) | |||||
Total Comprehensive Income Net Profit Attributable To | (382) | (22%) | 85 | 6% | (547%) | 167 | 9% | (328%) | |||||
Shareholders of the parent | (34) (2%) | (38) (2%) | (10%) | 3 0% | (1351%) | ||||||||
Non-controlling interests | 85 | 5% | 77 | 5% | 11% | 110 | 6% | (22%) | |||||
EPS (NT$) | (0.06) | (0.06) | 0.01 | ||||||||||
** EPS based on outstanding 591,994,919 shares on 2025/06/30
Consolidated Net Sales & Gross Profit
NT$ million
GP YoY: -10%
GP QoQ: +5%
49%
49%
46%
49%
47%
1,788
3,134
3,248
1,542
1,706
869
1,528
1,536
751
785
2Q '24
COGS
1Q '25
Gross Profit
2Q '25
Gross Margin
1H '24
COGS
Gross Profit
1H '25
Gross Margin
Affiliates' Contribution
1H '25 Net Sales : 3,248 MNT$
1H '25 Net Income
MNT$
250
Others
7%
SunplusIT
31%
Sunplus
25%
102
Generalplus
37%
Sunplus
(71)
Generalplus
SunplusIT
2Q '25 Net Sales : 1,706 MNT$
2Q '25 Net Income
MNT$
SunplusIT
28%
Others
7%
129
Sunplus
26%
56
Generalplus
39%
Sunplus
(34)
Generalplus
SunplusIT
Q2 Consolidated Balance Sheet
21,67719,210
16,09514,217
(NT$ million) | 2025 2Q | 2025 1Q | QoQ | 2024 2Q | YoY | |||||
Total Assets | 14,052 | 14,263 | (1%) | 14,776 | (5%) | |||||
Cash and Cash equivalents | 4,804 | 4,781 | 0% | 4,753 | 1% | |||||
Financial asset at fair value through | 1,095 | 1,062 | 3% | 1,326 | (17%) | |||||
profit or loss - current | ||||||||||
Inventory | 1,208 | 1,249 | (3%) | 1,214 | (0%) | |||||
Equity Method Investments | 392 | 444 | (12%) | 779 | (50%) | |||||
Financial asset at fair value through profit or loss - non-current | 1,284 | 1,519 | (15%) | 1,638 | (22%) | |||||
Total Liabilities | 3,652 | 3,340 | 9% | 3,783 | (3%) | |||||
S-T Bank Loans | 241 | 103 | 134% | 197 | 22% | |||||
Account Payable | 378 | 466 | (19%) | 596 | (37%) | |||||
Other current liabilities | 1,182 | 907 | 30% | 1,119 | 6% | |||||
Total Shareholder Equity | 8,168 | 8,615 | (5%) | 8,725 | (6%) | |||||
ROE% | 0.87% | 0.36% | 3.86% | |||||||
Net Asset Value per Share (NT$) | 13.88 | 14.64 | 14.83 | |||||||
Non-Operating Gain
(NT$ million) | 2025 1H | 2024 1H | YoY | ||
Other Income | 84 | 50 | 68% | ||
Exchange Gain (Loss) | (41) | 46 | (188%) |
(4) | (10) | (54%) |
(46) | (21) | 125% |
71 | 310 | (77%) |
Gains on Financial Assets (Liabilities)
at Fair Value through Profit or Loss Investment Gain Recognized under
Equity Method Disposal of investment interests
under equity method
Non-Operating Gain 91 393 (77%)
2025 2Q | 2025 1Q | QoQ | 2024 2Q | YoY | ||||
39 | 45 | (15%) | 20 | 92% | ||||
(52) | 11 | (566%) | 13 | (514%) | ||||
17 | (22) | (179%) | 1 | 1952% | ||||
(28) | (18) | 57% | (16) | 78% | ||||
42 | 29 | 43% | 9 | |||||
33 | 58 | (44%) | 37 | (12%) | ||||
(NT$ million) Other Income
Exchange Gain (Loss)
Gains on Financial Assets (Liabilities)
at Fair Value through Profit or Loss Investment Gain Recognized under
Equity Method Disposal of investment interests under equity method
Non-Operating Gain
Cash Flows
(NT$ million) | 2025 1H | 2024 1H | YoY | ||||||
From Operation | (34) | 481 | (107%) | ||||||
From Investment | (84) | 11 | (892%) | ||||||
From Financing | 42 | 150 | (72%) | ||||||
Net Cash Flow in (out) | (115) | 661 | (117%) | ||||||
Cash and Cash equivalents | 4,804 | 4,753 | 1% | ||||||
Financial asset at fair value through profit or loss | 1,095 | 1,326 | (17%) | ||||||
Total Amount available for use | 5,900 | 6,079 | (3%) | ||||||
(NT$ million) | 2025 2Q | 2025 1Q | QoQ | 2024 2Q | YoY | ||||
From Operation | (51) | 17 | (404%) | 370 | (114%) | ||||
From Investment | 58 | (142) | (141%) | (64) | (189%) | ||||
From Financing | 62 | (19) | (420%) | 18 | 241% | ||||
Net Cash Flow in (out) | 23 | (138) | (117%) | 330 | (93%) | ||||
Cash and Cash equivalents | 4,804 | 4,781 | 0% | 4,753 | 1% | ||||
Financial asset at fair value through profit or loss | 1,095 | 1,062 | 3% | 1,326 | (17%) | ||||
Total Amount available for use | 5,900 | 5,844 | 1% | 6,079 | (3%) | ||||
R&D Expenses
NT$ million
Financial Statement
Sunplus Products Profolio
Automotive Audio Plus 1 DVD
Cockpit Electronics
Speaker Out C1
Automated Driving Wireless Connection
In-cabin Acoustics Speech In C3
Automotive
Inside and Around the Cockpit
Cockpit Electronics
IVI
Display Audio Cluster HUD
Automated Driving
AVM DMS/IMS ADAS
E-Mirror APA
In-cabin Acoustics
Spatial Sound Auto-EQ EC/NR
ITU-T Lab
Cockpit Electronics
Display Audio
Connects Vehicle to Person (Personal Device)
iCockpit Solution
In-Vehicle-Infotainment
AVM/ADAS
Cluster
iCockpit: IVI+Cluster
Driver Monitoring System - Vision-based
Driver and Interior Monitoring
Motorcycle Cluster Market
Phone link & Mirroring
CarPlay
& Android Auto
Motocycle Cluster solution
Wireless Connection by WiFi and Bluetooth_1 Module
Support Helmet 1 & Helmet 2 by Bluetooth_2 Module
2
1
25
Automated Driving
ADAS Applications
AVM AR HUD APA
E-Mirror/CMS/DMS
3D AVM and Transparent Chassis
3D AVM for Truck & Bus
Immersive Sound
Joy - In-cabin Acoustics
Sound Field with IMS
FRONT
Driver
Pass.1
Central
Pass.2
Pass.3
RAER
Immersive Sound
Sound Bubble (w/ ANC)
Driver
Pass.1
Pass.2
Pass.3
The IMS sees the occupants and feeds the info to IVI for optimal sound field settings.
Bringing the 3D surround technology, such as Dolby AtmosTM , or Sunplus Spatial Sound to the cabin.
Giving every occupants a quiet zone, or independent listening zone.
Audio
Audio Solutions
Speaker Out
Personal Speaker Streaming Speaker
Premium Soundbar
Gaming Soundbar
Karaoke DJ Soundbar
Wireless Connection Speech In
Party Speaker Surround/Woofer Speaker Speakerphone Video Bar