1. WHA YU
INDUSTRIAL CO., LTD.
RF Antenna Leader
Stock Ticker: 3419

2. Safe Harbor Statement
All numbers are consolidated. Except for facts in respect of historical matters and figures, the statements in this release are "forward-looking statements“.  Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual performance, financial condition or results of operations of Wha Yu (“the Company”) to be materially different from what may be implied by such forward-looking statements.
The financial forecasts and forward-looking statements in this release reflect the current belief of the Company as of the date of this release and the Company undertakes no obligation to update these forecasts and forward-looking statements for events or circumstances that occur subsequent to such date.

3. Agenda 1H07 Financial Review Vivien Tsao & Corporate Update
Q&A Jeff Lin
Vivien Tsao

4. 2Q07 Income Statement Consolidated 2007 2006 NT$ Million 2Q % Change
Net Sales
787
100%
872
(10)%
Gross Profit
197
25%
161
18%
22%
Operating Expenses
135
17%
140
16%
(3)%
Operating Profit 62 8% 21 2%
195%
Total Non-op.Inc.(Loss)
(26)
(8)
(1)%
225%
Income Before Tax 36 5% 13 1%
177%
Net Income 32 4% 7
357%
EPS (NT$1)
0.61
0.12
Weighted Average Shares 58
Outstanding (MN)

5. 2Q07 Income Statement Consolidated 2007 NT$ Million 2Q % 1Q Change
Net Sales
787
100%
767 3%
Gross Profit
197
25%
199
26%
(1)%
Operating Expenses
135
17%
136
18% 0%
Operating Profit 62 8% 63
(2)%
Total Non-op.Inc.(Loss)
(26)
(3)%
(3)
643%
Income Before Tax 36 5% 60
(39)%
Net Income 32 4% 59
(45)%
EPS (NT$1)
0.61
1.02
Weighted Average Shares 58
Outstanding (MN)

6. 1H07 Income Statement Consolidated 2007 2006 In NT$ MN 1H % Change
Net Revenue
1,555
100%
1,536 1%
Cost of Goods Sold
1,159
75%
1,234
81%
(6)%　
Gross Profit
396
25%
302
19%
31%
Operating Expenses
271
17%
233
15%
16%　
Operating Profit
125 8% 69 4%
Total Non-op.Inc.(Loss)
(29)
(2)%
(15)
(1)%
93%　
Income Before Tax 96 6% 54 3%
78%
Net Income 92 48
92%　
EPS (NT$1)
1.63
0.88
Weighted Average Shares 58 55
Outstanding (MN)

7. 2Q07 Non-op Income / Loss Consolidated 2007 NT$ Million 2Q 1Q Change
FX Gain / (Loss)
(11) -
4633%
Inventory Loss
(10)
(6)
64%
Valuation Gain /( Loss) on Financial Liabilities
(7) 4
272%
Fin. Income/(Exp.) & Oth. 2
(1)
300%
Total
(26)
(3)
643%

8. Balance Sheet Consolidated June 30, 2007 December 31, 2006 NT$ Million
Amount %
Cash Equivalents
483
18%
425
16%
A/R
1,037
38%
1,013
39%
Inventory
206 8%
262
10%
Fixed Assets
753
28%
732
Total Assets
2,698
100%
2,632
Loan
239 9%
669
25%
A/P CB
643
359
24%
13%
634 -
Other Payable
185 7%
168
Stockholders' Equity
1,272
47%
1,161
44%
A/R Turnover Days
123
121
Inventory Turnover Days 37 42
A/P Turnover Days
102
109

9. Consolidated Cash Flow
NT$ Million
June 30, 2007
June 30, 2006
-Net profit 92 48
-Depreciation & Amortization 46 29
-Other Op Sources/(Uses) 21
(97)
From Operation
159
(20)
-Fixed Assets
(76)
(108)
-Other Investing Sources/(Uses) 7 6
From Investment
(69)
(102)
-Cash Dividends-Common Stock
-S-T Liabilities
(387)
(19)
-Convertible Bond
395 -
-Cash capital increase
157
-Other Financing Sources/(Uses)
(49)
(43)
From Financing
(41) 95
Net Cash Position Change 49
(27)
Cash Equivalents at end the year
483
213

10. Consolidated Revenue by Products
3,081
+17.64%
2,619
+34.72%
1,944
+39.26%
1,936
1555
Year ( % )
2003
2004
2005
2006
2007H1
RF Antenna
48%
50%
45%
54%
56%
Cable Assembly
43%
33%
27%
25%
Fiber Optics 5% 3% 2%
Trading 0%
16%
14%
13%
Others 4%

11. Corporate Update 4Q Guidance Application portfolio update
Revenue big jump
Application portfolio update
AP/Router & NB continuous growth
802.11n market warming up
Handset taking off
GPS become the major product line

12. Q & A