MIRA INFORM REPORT

Report Date :

12.12.2011

IDENTIFICATION DETAILS

Name :	SHINKONG SYNTHETIC FIBER CORPORATION
Registered Office :	8th F., No. 123, Sec. 2, Nanking E. Road, Taipei
Country :	Taiwan
Financials (as on) :	31.12.2010
Date of Incorporation :	17.03.1967
Legal Form :	Public Parent Company
Line of Business :	manufacture and distribution of synthetic fibers
No. of Employees :	3,904 persons

RATING & COMMENTS

MIRA’s Rating :

Ba

RATING		STATUS	PROPOSED CREDIT LINE
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory

Status :	Satisfactory
Payment Behaviour :	No Complaints
Litigation :	Clear

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

ECGC Country Risk Classification List – September 30^th, 2011

Country Name	Previous Rating (30.06.2011)	Current Rating (30.09.2011)
Taiwan	a2	a2

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

Company name & address

Shinkong Synthetic Fiber Corporation

8th F., No. 123, Sec. 2

Nanking E. Road

Taipei,

Taiwan

Tel: 886-2-25071251

Fax: 886-2-25072264

Web www.shinkong.com.tw

Synthesis

Employees: 3,904

Company Type: Public Parent

Corporate Family: 3 Companies

Traded: Taiwan Stock Exchange: 1409

Incorporation Date: 17-Mar-1967

Auditor: Deloitte & Touche LLP

Financials in: USD (Millions)

Fiscal Year End: 31-Dec-2010

Reporting Currency: Taiwanese New Dollar

Annual Sales: 1,214.2 1

Net Income: 59.9

Total Assets: 3,216.5 2

Market Value: 480.0

(25-Nov-2011)

Business Description

Shinkong Synthetic Fibers Corp is primarily engaged in the manufacture and distribution of synthetic fibers. The Company provides chemical fibers, including polyester staple fibers, polyester chips, industrial polyester yarns and textured filament yarns, among others; elastic and functional fibers, including bamboo charcoal yarns, memory fibers and environmental protection fibers, among others, as well as plastic products, including polyester chips for bottles, polyester thin films and industrial plastic products, among others. Its products are applied in the manufacture of apparels, bottles, decorations, industrial products, electric motors, automobile parts, household appliances and packaging materials, among others. For the nine months ended 30 September 2010, Shinkong Synthetic Fiber Corporation's revenues increased 35% to NT$28.90B. The Company's net income for the period totaled NT$1.43B, up from NT$474.7M. Revenues reflect an increase in sales due to stronger market demand. Net income also benefited from the presence of gain on reversal of bad debts, increased dividend income, as well as the absence of impairment loss on assets.

Industry

Industry Chemicals - Plastics and Rubber

ANZSIC 2006: 1821 - Synthetic Resin and Synthetic Rubber Manufacturing

NACE 2002: 2416 - Manufacture of plastics in primary forms

NAICS 2002: 325211 - Plastics Material and Resin Manufacturing

UK SIC 2003: 2416 - Manufacture of plastics in primary forms

US SIC 1987: 2821 - Plastics Materials, Synthetic Resins, and Nonvulcanizable Elastomers

Key Executives

Name	Title
Dongsheng Wu	Chairman of the Board, Chief Executive Officer
Qifeng He	Head of Finance and Accounting, Assistant General Manager
Huozao Shi	Deputy General Manager
Ho Hsien-Chung	President
Chi-Feng Ho	Head of Finance & Accounts

Significant Developments

Topic	#*	Most Recent Headline	Date
Mergers / Acquisitions	2	Shinkong Synthetic Fibers Corporation Acquires Equity Shares	21-Jul-2011
Dividends	4	Shinkong Synthetic Fibers Corporation Adjusts FY 2010 Dividend Payment	8-Sep-2011

* number of significant developments within the last 12 months

Financial Summary

As of 30-Sep-2011

Key Ratios Company Industry

Current Ratio (MRQ) 1.75 2.03

Quick Ratio (MRQ) 1.42 1.20

Debt to Equity (MRQ) 2.83 0.95

Sales 5 Year Growth 10.12 1.42

Net Profit Margin (TTM) % 5.83 4.60

Return on Assets (TTM) % 2.54 3.98

Return on Equity (TTM) % 7.78 12.15

Stock Snapshot

Traded: Taiwan Stock Exchange: 1409

As of 25-Nov-2011

   Financials in: TWD

Recent Price	7.99	EPS	0.90
52 Week High	15.93	Price/Sales	0.38
52 Week Low	7.80	Dividend Rate	0.33
Avg. Volume (mil)	5.79	Price/Earnings	9.14
Market Value (mil)	14,607.29	Price/Book	0.60
		Beta	1.48

	Price % Change	Rel S&P 500%
4 Week	-17.63%	-7.53%
13 Week	-22.63%	-15.10%
52 Week	-42.95%	-29.78%
Year to Date	-47.20%	-30.17%

1 - Profit & Loss Item Exchange Rate: USD 1 = TWD 31.49704

2 - Balance Sheet Item Exchange Rate: USD 1 = TWD 29.1565

Corporate Overview

Location

8th F., No. 123, Sec. 2

Nanking E. Road

Taipei, Taiwan

Tel: 886-2-25071251

Fax: 886-2-25072264

Web: www.shinkong.com.tw

Quote Symbol - Exchange

1409 - Taiwan Stock Exchange

Sales TWD(mil): 38,242.9

Assets TWD(mil): 93,781.7

Employees: 3,904

Fiscal Year End: 31-Dec-2010

Industry: Chemicals - Plastics and Rubber

Incorporation Date: 17-Mar-1967

Company Type: Public Parent

Quoted Status: Quoted

Chairman of the Board,

Chief Executive Officer: Dongsheng Wu

Company Web Links

· Company Contact/E-mail

· Corporate History/Profile

· Financial Information

· Home Page

· News Releases

· Products/Services

Contents

· Industry Codes

· Business Description

· Financial Data

· Market Data

· Key Corporate Relationships

Industry Codes

ANZSIC 2006 Codes:

2429 - Other Electronic Equipment Manufacturing

1821 - Synthetic Resin and Synthetic Rubber Manufacturing

1829 - Other Basic Polymer Manufacturing

1911 - Polymer Film and Sheet Packaging Material Manufacturing

NACE 2002 Codes:

2416 - Manufacture of plastics in primary forms

2465 - Manufacture of prepared unrecorded media

2521 - Manufacture of plastic plates, sheets, tubes and profiles

2470 - Manufacture of man-made fibres

NAICS 2002 Codes:

334613 - Magnetic and Optical Recording Media Manufacturing

325211 - Plastics Material and Resin Manufacturing

325222 - Noncellulosic Organic Fiber Manufacturing

326113 - Unlaminated Plastics Film and Sheet (except Packaging) Manufacturing

US SIC 1987:

3695 - Magnetic and Optical Recording Media

2821 - Plastics Materials, Synthetic Resins, and Nonvulcanizable Elastomers

2824 - Manmade Organic Fibers, Except Cellulosic

3081 - Unsupported Plastics Film and Sheet

UK SIC 2003:

2416 - Manufacture of plastics in primary forms

2465 - Manufacture of prepared unrecorded media

2521 - Manufacture of plastic plates, sheets, tubes and profiles

2470 - Manufacture of man-made fibres

Business Description

Shinkong Synthetic Fibers Corp is primarily engaged in the manufacture and distribution of synthetic fibers. The Company provides chemical fibers, including polyester staple fibers, polyester chips, industrial polyester yarns and textured filament yarns, among others; elastic and functional fibers, including bamboo charcoal yarns, memory fibers and environmental protection fibers, among others, as well as plastic products, including polyester chips for bottles, polyester thin films and industrial plastic products, among others. Its products are applied in the manufacture of apparels, bottles, decorations, industrial products, electric motors, automobile parts, household appliances and packaging materials, among others. For the nine months ended 30 September 2010, Shinkong Synthetic Fiber Corporation's revenues increased 35% to NT$28.90B. The Company's net income for the period totaled NT$1.43B, up from NT$474.7M. Revenues reflect an increase in sales due to stronger market demand. Net income also benefited from the presence of gain on reversal of bad debts, increased dividend income, as well as the absence of impairment loss on assets.

More Business Descriptions

Manufacture of synthetic fibres including polyester filament, polyester film, video tapes, engineering plastics, bottle grade chip, polyester bottles and nylon filament

This major group includes general contractors and operative builders primarily engaged in the construction of residential, farm, industrial, commercial, or other buildings. General building contractors who combine a special trade with the contracting are included in this major group.

Artificial and Synthetic Fibers and Filaments Manufacturing

Financial Data

Financials in:	TWD(mil)
Revenue:	38,242.9
Net Income:	1,886.7
Assets:	93,781.7
Long Term Debt:	43,312.5
Total Liabilities:	70,580.1
Working Capital:	1.7
Date of Financial Data:	31-Dec-2010

1 Year Growth

28.1%

200.8%

15.0%

Market Data

Quote Symbol:	1409
Exchange:	Taiwan Stock Exchange
Currency:	TWD
Stock Price:	8.0
Stock Price Date:	11-25-2011
52 Week Price Change %:	-43.0
Market Value (mil):	14,607,290.0
SEDOL:	6804886
ISIN:	TW0001409001
Equity and Dept Distribution:
04/2007, Rights Issue, 6.312 new shares for every 100 shares held @ TWD 10 (Factor: 1.009357).FY'06 B/S is CLA. The company started to report quarterly since 2008. FY'07 semiannual B/S & I/S reclassifed. FY'09 Qs I/S are being CLA. 01/2011, Rights Issue, 46.005865 new shares for every 1000 shares held@NT$12.31(Factor: 1.007951).

Key Corporate Relationships

Auditor:	Deloitte & Touche LLP
Auditor:	Deloitte & Touche LLP, Deloitte & Touche

Corporate Family	Corporate Structure News:
	Shinkong Synthetic Fiber Corporation
Total Corporate Family Members: 3

Company Name	Company Type	Location	Country	Industry	Sales (USD mil)	Employees
Shinkong Synthetic Fiber Corporation	Parent	Taipei	Taiwan	Chemicals - Plastics and Rubber	1,214.2	3,904
Shinkong Engineering Co Ltd	Subsidiary	Taipei City, Taipei City	Taiwan	Engineering Consultants		283
LOFO High Tech Film GmbH	Subsidiary	Weil Am Rhein, Baden-Württemberg	Germany	Fabricated Plastic and Rubber		128

Executive report

Board of Directors

Name	Title	Function
Kevin Ho	Vice President	Chairman
Dongsheng Wu	Chairman of the Board, Chief Executive Officer	Chairman
Reuters Biography (Shinkong Synthetic Fiber Corporation) Wu Dongsheng has been Chairman of the Board since May 4, 1996 and Chief Executive Officer since July 26, 2007 in Shinkong Synthetic Fibers Corporation. Wu is also Chairman of the Board in seven local companies and Director in four other companies including Shin Kong Financial Holdings Co., Ltd., Shinkong Spinning Co., Ltd., Taiwan Cement Corporation and The Great Taipei Gas Corporation. Wu is a Juris Doctor from Harvard University, the United States. PHD Law, Harvard University
Tung-Sheng Wu	Chairman	Chairman
Dongming Wu	Vice Chairman of the Board	Vice-Chairman
Reuters Biography (Shinkong Synthetic Fiber Corporation) Wu Dongming has been Vice Chairman of the Board in Shinkong Synthetic Fibers Corporation since May 4, 1996. Wu is also Chairman of the Board in Fuhbic Corporation. Wu holds a Master's degree in Accounting from Western Illinois University, the United States. M Accounting, Illinois State University
Tung-Ming Wu	Vice Chairman	Vice-Chairman
Xianzhong He	General Manager, Director	Director/Board Member
Reuters Biography (Shinkong Synthetic Fiber Corporation) He Xianzhong has been General Manager since July 3, 2009 and Director in Shinkong Synthetic Fiber Corporation since June 13, 2008. He was Deputy General Manager in the Company. He is also Head of No.1 Business in the Company. He is also Director in two other companies.
Yaozong Ke	Director	Director/Board Member
Reuters Biography (Shinkong Synthetic Fiber Corporation) Ke Yaozong has been Director in Shinkong Synthetic Fiber Corporation since May 4, 1996. Ke is also Chairman of the Board of four local companies and Vice Chairman of the Board in an optoelectronic company, as well as Director of two other companies. Ke holds a Ph.D. in Chemical Engineering from Northwestern University, the United States. PHD Chemical Engineering, Northwestern University
Shunmo Ni	Director	Director/Board Member
Reuters Biography (Shinkong Synthetic Fiber Corporation) Ni Shunmo has been Director in Shinkong Synthetic Fiber Corporation since June 20, 2002. Ni is also Director in a local investment company.
Ruonan Sun	Director	Director/Board Member
Reuters Biography (Shinkong Synthetic Fiber Corporation) Sun Ruonan has been Director of Shinkong Synthetic Fiber Corporation since June 20, 2008. Sun is also Chairman of the Board of another company.
Zhongliang Wei	Director	Director/Board Member
Reuters Biography (Shinkong Synthetic Fiber Corporation) Wei Zhongliang has been Director in Shinkong Synthetic Fiber Corporation since June 20, 2002. Wei was General Manager in the Company. Wei also serves as Chairman of the Board in two companies and Director in six other companies.
Kui-Lai Wu	Director	Director/Board Member
Guilan Wu	Director	Director/Board Member
Reuters Biography (Shinkong Synthetic Fiber Corporation) Wu Guilan has been Director in Shinkong Synthetic Fiber Corporation since May 8, 1984. Wu is also Chairman of the Board in three companies and Director in Shin Kong Financial Holding Corporation, THE GREAT TAIPEI GAS CORPORATION, and Shin Kong Life Insurance Co., Ltd.

Executives

Name	Title	Function
Dongsheng Wu	Chairman of the Board, Chief Executive Officer	Chief Executive Officer
Reuters Biography (Shinkong Synthetic Fiber Corporation) Wu Dongsheng has been Chairman of the Board since May 4, 1996 and Chief Executive Officer since July 26, 2007 in Shinkong Synthetic Fibers Corporation. Wu is also Chairman of the Board in seven local companies and Director in four other companies including Shin Kong Financial Holdings Co., Ltd., Shinkong Spinning Co., Ltd., Taiwan Cement Corporation and The Great Taipei Gas Corporation. Wu is a Juris Doctor from Harvard University, the United States. PHD Law, Harvard University
Ho Hsien-Chung	President	President
Xianzhong He	General Manager, Director	Division Head Executive
Reuters Biography (Shinkong Synthetic Fiber Corporation) He Xianzhong has been General Manager since July 3, 2009 and Director in Shinkong Synthetic Fiber Corporation since June 13, 2008. He was Deputy General Manager in the Company. He is also Head of No.1 Business in the Company. He is also Director in two other companies.
Qifeng He	Head of Finance and Accounting, Assistant General Manager	Division Head Executive
Reuters Biography (Shinkong Synthetic Fiber Corporation) He Qifeng has been Head of Finance and Accounting and Assistant General Manager in Shinkong Synthetic Fiber Corporation since February 1, 2005. He is also Chairman of the Board in two other companies and Director of eight other companies including First Capital Commercial Bank. He has a Master's degree in International Finance from National Taipei University, Taiwan. M International Finance, National Taipei University
Hsien-Cong Ho	Vice President-Administration	Administration Executive
Chi-Feng Ho	Head of Finance & Accounts	Finance Executive
Arthur Chen	Director-Communications	Corporate Communications Executive
Hsun-Fu Kuo	Manager-Public Relations	Public Relations Executive
Chi-Ming Yang	Vice President-Research & Development	Research & Development Executive
Grace Hsiu-Mei Chen	Manager-Purchasing	Purchasing Executive
Wu-Shun Cheng	Vice President-Business	Other
Huozao Shi	Deputy General Manager	Other
Reuters Biography (Shinkong Synthetic Fiber Corporation) Shi Huozao has been Deputy General Manager in Shinkong Synthetic Fiber Corporation since May 1, 2001. Shi was Head of No.2 Business in the Company. Shi is also Vice Chairman of the Board and General Manager in a chemical company based in Hangzhou, Zhejiang Province, Mainland China, General Manager of an industry company.
Zhimin Yang	Deputy General Manager	Other
Reuters Biography (Shinkong Synthetic Fiber Corporation) Yang Zhimin has been Deputy General Manager in Shinkong Synthetic Fiber Corporation since January 10, 2005. Yang is also Chairman of the Board in six local investment companies as well as Chairman of the Board of two other companies. Yang has a Master's degree from Dayeh University, Taiwan. M , Dayeh University

Significant Developments

Shinkong Synthetic Fibers Corporation Adjusts FY 2010 Dividend Payment Sep 08, 2011

Shinkong Synthetic Fibers Corporation announced that it has adjusted its cash dividend for fiscal year 2010 from NTD 0.35 per share to NTD 0.35279758 per share, and the stock dividend from NTD 0.55 per share to NTD 0.55439658 per share.

Shinkong Synthetic Fibers Corporation Adjusts FY 2010 Dividend Payment Sep 08, 2011

Shinkong Synthetic Fibers Corporation announced that it has adjusted its cash dividend for fiscal year 2010 from NTD 0.35 per share to NTD 0.35279758 per share, and the stock dividend from NTD 0.55 per share to NTD 0.55439658 per share.

Shinkong Synthetic Fibers Corporation Announces FY 2010 Dividend Payment Date Sep 06, 2011

Shinkong Synthetic Fibers Corporation announced that it will pay a cash dividend of NTD 605,579,000 (NTD 0.35 per share), and distribute stock dividends worth NTD 951,625,000 (NTD 0.55 per share), to shareholders of record on October 2, 2011. The Company's shares will be traded ex-dividend and ex-right on September 26, 2011.

Shinkong Synthetic Fibers Corporation Acquires Equity Shares Jul 21, 2011

Shinkong Synthetic Fibers Corporation announced that it has acquired a 100% stake in an industrial company, by acquiring 45 million shares at NTD 450 million.

Shinkong Synthetic Fibers Corporation Announces FY 2010 Dividend Payment Mar 28, 2011

Shinkong Synthetic Fibers Corporation announced that it will pay a cash dividend of NTD 605,579,000 (NTD 0.35 per share), and distribute stock dividends worth NTD 951,625,000 (NTD 0.55 per share), to shareholders for fiscal year 2010.

Shinkong Synthetic Fibers Corporation Acquires Equity Shares Dec 13, 2010

Shinkong Synthetic Fibers announced that it has acquired 30 million shares of a Taipei-based polyester industry company at NTD 300 million. After that the Company holds a 99.999878% stake in the target company by holding 60,000,027 shares.

Annual Income Statement

Financials in: USD (mil)

Except for share items (millions) and per share items (actual units)

	31-Dec-2010	31-Dec-2009	31-Dec-2008	31-Dec-2007	31-Dec-2006
Period Length	12 Months	12 Months	12 Months	12 Months	12 Months
UpdateType/Date	Updated Normal 31-Dec-2010	Updated Normal 31-Dec-2009	Reclassified Normal 31-Dec-2009	Reclassified Normal 31-Dec-2008	Updated Normal 31-Dec-2006
Filed Currency	TWD	TWD	TWD	TWD	TWD
Exchange Rate (Period Average)	31.497037	33.023867	31.543497	32.848802	32.525305
Auditor	Deloitte & Touche LLP	Deloitte & Touche LLP	Deloitte & Touche LLP	Deloitte & Touche LLP	Deloitte & Touche LLP
Auditor Opinion	Unqualified	Unqualified with Explanation	Unqualified with Explanation	Unqualified with Explanation	Unqualified with Explanation
Net Sales	1,166.8	862.6	970.1	948.0	841.3
Revenue	1,166.8	862.6	970.1	948.0	841.3
Other Revenue	47.3	41.2	52.9	32.0	-
Other Revenue, Total	47.3	41.2	52.9	32.0	-
Total Revenue	1,214.2	903.8	1,023.0	980.0	841.3
Cost of Revenue	1,022.1	790.3	927.8	879.4	807.4
Cost of Revenue, Total	1,022.1	790.3	927.8	879.4	807.4
Gross Profit	144.7	72.3	42.4	68.6	33.9
Selling/General/Administrative Expense	109.3	91.0	92.8	84.9	56.6
Total Selling/General/Administrative Expenses	109.3	91.0	92.8	84.9	56.6
Impairment-Assets Held for Use	2.5	2.1	-5.1	5.0	2.6
Unusual Expense (Income)	2.5	2.1	-5.1	5.0	2.6
Total Operating Expense	1,134.0	883.5	1,015.5	969.3	866.6
Operating Income	80.2	20.3	7.5	10.6	-25.3
Interest Expense - Non-Operating	-7.6	-9.2	-15.5	-16.3	-13.3
Interest Expense, Net Non-Operating	-7.6	-9.2	-15.5	-16.3	-13.3
Interest Income - Non-Operating	0.5	1.1	1.8	3.2	-
Investment Income - Non-Operating	1.3	16.2	1.6	12.4	30.4
Interest/Investment Income - Non-Operating	1.9	17.3	3.5	15.6	30.4
Interest Income (Expense) - Net Non-Operating Total	-5.7	8.1	-12.0	-0.8	17.0
Gain (Loss) on Sale of Assets	18.8	-1.7	-1.6	3.9	9.8
Other Non-Operating Income (Expense)	3.8	5.9	4.7	4.8	1.4
Other, Net	3.8	5.9	4.7	4.8	1.4
Income Before Tax	97.0	32.6	-1.3	18.5	3.0
Total Income Tax	22.1	3.6	0.0	-2.8	-0.3
Income After Tax	75.0	29.0	-1.3	21.3	3.3
Minority Interest	-15.1	-10.0	-0.8	-1.9	1.5
Net Income Before Extraord Items	59.9	19.0	-2.1	19.4	4.8
Accounting Change	-	-	-	-	-0.1
Total Extraord Items	-	-	-	-	-0.1
Net Income	59.9	19.0	-2.1	19.4	4.7
Income Available to Common Excl Extraord Items	59.9	19.0	-2.1	19.4	4.8
Income Available to Common Incl Extraord Items	59.9	19.0	-2.1	19.4	4.7
Basic/Primary Weighted Average Shares	1,656.8	1,523.2	1,541.3	1,490.0	1,409.9
Basic EPS Excl Extraord Items	0.04	0.01	0.00	0.01	0.00
Basic/Primary EPS Incl Extraord Items	0.04	0.01	0.00	0.01	0.00
Dilution Adjustment	0.0	-2.3	0.0	-	-
Diluted Net Income	59.9	16.7	-2.1	19.4	4.7
Diluted Weighted Average Shares	1,657.9	1,713.4	1,541.3	1,490.0	1,409.9
Diluted EPS Excl Extraord Items	0.04	0.01	0.00	0.01	0.00
Diluted EPS Incl Extraord Items	0.04	0.01	0.00	0.01	0.00
Dividends per Share - Common Stock Primary Issue	0.01	0.01	0.00	0.01	0.00
Gross Dividends - Common Stock	19.2	10.2	0.0	8.9	0.0
Interest Expense, Supplemental	7.6	9.2	15.5	16.3	13.3
Interest Capitalized, Supplemental	-0.2	-0.9	-0.1	-0.2	-0.3
Depreciation, Supplemental	46.4	40.9	40.3	41.8	42.2
Total Special Items	-16.3	3.8	-3.5	1.1	-7.3
Normalized Income Before Tax	80.8	36.4	-4.8	19.7	-4.3
Effect of Special Items on Income Taxes	-3.7	0.4	-1.2	0.4	-2.6
Inc Tax Ex Impact of Sp Items	18.4	4.1	-1.2	-2.4	-2.9
Normalized Income After Tax	62.4	32.4	-3.6	22.0	-1.5
Normalized Inc. Avail to Com.	47.3	22.4	-4.4	20.2	0.1
Basic Normalized EPS	0.03	0.01	0.00	0.01	-
Diluted Normalized EPS	0.03	0.01	0.00	0.01	-
Amort of Intangibles, Supplemental	1.3	1.6	0.6	0.6	0.4
Normalized EBIT	82.7	22.5	2.4	15.6	-22.7
Normalized EBITDA	130.4	64.9	43.3	58.0	19.9
Current Tax - Total	8.1	3.2	2.1	2.8	-
Current Tax - Total	8.1	3.2	2.1	2.8	-
Deferred Tax - Total	13.9	0.4	-2.1	-5.5	-
Deferred Tax - Total	13.9	0.4	-2.1	-5.5	-
Income Tax - Total	22.1	3.6	0.0	-2.8	-
Interest Cost - Domestic	1.2	1.5	1.6	1.7	1.7
Service Cost - Domestic	1.3	1.4	1.6	1.6	1.2
Expected Return on Assets - Domestic	-0.2	-0.2	-0.3	-0.3	-0.1
Transition Costs - Domestic	2.4	2.2	2.2	2.5	2.1
Other Pension, Net - Domestic	0.5	0.6	0.6	-	-
Domestic Pension Plan Expense	5.3	5.4	5.6	5.6	4.8
Defined Contribution Expense - Domestic	1.9	1.5	1.7	-	-
Defined Contribution Expense - Foreign	0.4	-	-	-	-
Total Pension Expense	7.6	6.9	7.3	5.6	4.8
Discount Rate - Domestic	2.00%	2.50%	2.75%	2.75%	3.50%
Expected Rate of Return - Domestic	2.00%	2.50%	2.75%	2.75%	3.50%
Compensation Rate - Domestic	3.00%	3.00%	3.00%	3.00%	2.00%
Total Plan Interest Cost	1.2	1.5	1.6	1.7	1.7
Total Plan Service Cost	1.3	1.4	1.6	1.6	1.2
Total Plan Expected Return	-0.2	-0.2	-0.3	-0.3	-0.1
Total Plan Other Expense	0.5	0.6	0.6	-	-

Annual Balance Sheet

Financials in: USD (mil)

	31-Dec-2010	31-Dec-2009	31-Dec-2008	31-Dec-2007	31-Dec-2006
UpdateType/Date	Updated Normal 31-Dec-2010	Restated Normal 31-Dec-2010	Updated Normal 31-Dec-2008	Updated Normal 31-Dec-2007	Reclassified Normal 31-Dec-2007
Filed Currency	TWD	TWD	TWD	TWD	TWD
Exchange Rate	29.1565	31.985	32.818	32.4345	32.585
Auditor	Deloitte & Touche LLP	Deloitte & Touche LLP	Deloitte & Touche LLP	Deloitte & Touche LLP	Deloitte & Touche LLP
Auditor Opinion	Unqualified	Unqualified with Explanation	Unqualified with Explanation	Unqualified with Explanation	Unqualified with Explanation
Cash & Equivalents	333.0	283.6	240.6	348.2	76.4
Short Term Investments	169.2	96.0	126.2	97.9	51.4
Cash and Short Term Investments	502.2	379.6	366.9	446.1	127.8
Accounts Receivable - Trade, Gross	143.0	113.9	79.0	113.2	97.1
Provision for Doubtful Accounts	-7.7	-7.5	-4.6	-4.7	-3.7
Trade Accounts Receivable - Net	135.3	106.5	74.5	108.5	93.5
Notes Receivable - Short Term	13.2	10.2	8.2	18.5	15.6
Other Receivables	179.4	123.1	56.3	102.2	6.7
Total Receivables, Net	327.9	239.7	138.9	229.2	115.7
Inventories - Finished Goods	79.6	56.0	60.6	64.6	83.3
Inventories - Work In Progress	23.5	19.9	19.8	17.0	14.5
Inventories - Raw Materials	88.7	55.8	50.0	59.3	57.5
Inventories - Other	-	-	-9.1	-4.1	-4.9
Total Inventory	191.7	131.7	121.3	136.8	150.5
Prepaid Expenses	14.0	8.3	12.3	9.2	6.2
Restricted Cash - Current	20.2	15.3	18.7	18.3	2.0
Other Current Assets	7.6	9.2	4.6	2.5	2.9
Other Current Assets, Total	27.8	24.5	23.3	20.8	4.9
Total Current Assets	1,063.6	783.9	662.7	842.1	405.1
Buildings	198.1	182.0	158.0	155.5	135.6
Land/Improvements	81.6	78.5	72.2	79.8	65.4
Machinery/Equipment	867.7	857.0	760.9	748.4	715.1
Construction in Progress	41.6	13.1	68.2	23.2	13.7
Leases	91.5	50.0	45.4	20.6	11.2
Other Property/Plant/Equipment	86.3	79.2	78.7	77.3	68.3
Property/Plant/Equipment - Gross	1,366.8	1,259.8	1,183.4	1,104.8	1,009.3
Accumulated Depreciation	-713.5	-691.9	-635.3	-621.0	-567.7
Property/Plant/Equipment - Net	653.3	567.9	548.1	483.7	441.6
Intangibles, Net	1.6	2.3	2.7	1.5	0.0
LT Investment - Affiliate Companies	28.9	37.4	29.2	68.5	128.1
LT Investments - Other	1,402.9	1,087.5	1,039.0	1,054.7	191.3
Long Term Investments	1,431.9	1,124.9	1,068.1	1,123.2	319.4
Deferred Income Tax - Long Term Asset	6.5	18.1	19.8	19.4	16.0
Restricted Cash - Long Term	10.2	9.2	7.3	6.4	0.0
Other Long Term Assets	49.4	42.3	35.1	39.0	30.9
Other Long Term Assets, Total	66.1	69.6	62.2	64.8	46.9
Total Assets	3,216.5	2,548.7	2,343.8	2,515.2	1,213.0
Accounts Payable	74.8	48.2	25.7	41.9	48.0
Accrued Expenses	29.2	22.4	19.8	16.8	24.6
Notes Payable/Short Term Debt	408.5	308.6	234.4	263.6	198.7
Current Portion - Long Term Debt/Capital Leases	53.2	41.1	56.0	15.4	19.2
Other Payables	46.2	39.7	33.0	34.1	12.5
Other Current Liabilities	31.3	17.1	10.3	10.2	3.8
Other Current liabilities, Total	77.5	56.8	43.3	44.3	16.4
Total Current Liabilities	643.2	477.1	379.2	382.1	306.9
Long Term Debt	1,485.5	1,264.9	1,270.1	1,331.5	273.5
Total Long Term Debt	1,485.5	1,264.9	1,270.1	1,331.5	273.5
Total Debt	1,947.1	1,614.6	1,560.5	1,610.5	491.4
Minority Interest	209.2	158.6	147.5	147.6	4.7
Reserves	27.8	24.9	23.1	21.0	18.5
Pension Benefits - Underfunded	47.9	42.0	39.3	42.2	38.9
Other Long Term Liabilities	7.1	6.8	33.6	30.6	31.2
Other Liabilities, Total	82.8	73.7	96.0	93.8	88.6
Total Liabilities	2,420.7	1,974.3	1,892.8	1,955.0	673.7
Common Stock	559.1	454.6	443.1	448.3	406.7
Common Stock	559.1	454.6	443.1	448.3	406.7
Additional Paid-In Capital	26.4	23.8	22.2	22.2	3.9
Retained Earnings (Accumulated Deficit)	98.4	41.3	21.6	33.2	19.8
Treasury Stock - Common	-1.0	-3.9	-2.9	-	-
Unrealized Gain (Loss)	109.2	43.6	-50.3	41.6	100.0
Translation Adjustment	4.8	15.8	17.9	15.0	8.8
Minimum Pension Liability Adjustment	-1.2	-0.9	-0.5	-0.1	0.0
Other Equity, Total	3.6	15.0	17.3	14.9	8.8
Total Equity	795.8	574.4	451.0	560.3	539.3
Total Liabilities & Shareholders’ Equity	3,216.5	2,548.7	2,343.8	2,515.2	1,213.0
Shares Outstanding - Common Stock Primary Issue	1,729.5	1,523.2	1,527.9	1,546.9	1,409.9
Total Common Shares Outstanding	1,729.5	1,523.2	1,527.9	1,546.9	1,409.9
Treasury Shares - Common Stock Primary Issue	4.7	23.7	19.0	0.0	0.0
Employees	3,815	3,459	3,574	3,559	3,081
Number of Common Shareholders	136,985	129,946	124,296	125,596	122,679
Total Long Term Debt, Supplemental	224.3	-	113.9	129.5	231.8
Long Term Debt Maturing within 1 Year	53.2	-	56.0	15.4	19.2
Long Term Debt Maturing in Year 2	-	-	28.9	55.5	26.5
Long Term Debt Maturing in Year 3	-	-	28.9	29.3	83.6
Long Term Debt Maturing in Year 4	-	-	-	29.3	52.6
Long Term Debt Maturing in 2-3 Years	-	-	57.9	84.8	110.1
Long Term Debt Maturing in 4-5 Years	-	-	-	29.3	52.6
Long Term Debt Matur. in Year 6 & Beyond	171.2	-	0.0	0.0	49.9
Total Operating Leases, Supplemental	1.4	-	2.3	-	-
Operating Lease Payments Due in Year 1	0.9	-	1.0	-	-
Operating Lease Payments Due in Year 2	0.3	-	0.6	-	-
Operating Lease Payments Due in Year 3	0.2	-	0.3	-	-
Operating Lease Payments Due in Year 4	0.0	-	0.2	-	-
Operating Lease Payments Due in Year 5	0.0	-	0.1	-	-
Operating Lease Pymts. Due in 2-3 Years	0.4	-	0.9	-	-
Operating Lease Pymts. Due in 4-5 Years	0.0	-	0.3	-	-
Oper. Lse. Pymts. Due in Year 6 & Beyond	0.0	-	0.0	-	-
Pension Obligation - Domestic	55.9	47.5	44.5	50.2	37.3
Plan Assets - Domestic	10.5	8.6	6.4	9.6	0.2
Funded Status - Domestic	-45.5	-38.9	-38.1	-40.6	-37.1
Accumulated Obligation - Domestic	45.9	38.5	36.1	42.4	32.3
Total Funded Status	-45.5	-38.9	-38.1	-40.6	-37.1
Discount Rate - Domestic	2.00%	2.50%	2.75%	2.75%	3.00%
Expected Rate of Return - Domestic	2.00%	2.50%	2.75%	2.75%	3.00%
Compensation Rate - Domestic	3.00%	3.00%	3.00%	3.00%	1.50%
Accrued Liabilities - Domestic	-47.9	-42.0	-39.3	-42.2	-
Net Assets Recognized on Balance Sheet	-47.9	-42.0	-39.3	-42.2	-
Total Plan Obligations	55.9	47.5	44.5	50.2	37.3
Total Plan Assets	10.5	8.6	6.4	9.6	0.2

Annual Cash Flows

Financials in: USD (mil)

	31-Dec-2010	31-Dec-2009	31-Dec-2008	31-Dec-2007	31-Dec-2006
Period Length	12 Months	12 Months	12 Months	12 Months	12 Months
UpdateType/Date	Updated Normal 31-Dec-2010	Reclassified Normal 31-Dec-2010	Restated Normal 31-Dec-2009	Reclassified Normal 31-Dec-2008	Updated Normal 31-Dec-2006
Filed Currency	TWD	TWD	TWD	TWD	TWD
Exchange Rate (Period Average)	31.497037	33.023867	31.543497	32.848802	32.525305
Auditor	Deloitte & Touche LLP	Deloitte & Touche LLP	Deloitte & Touche LLP	Deloitte & Touche LLP	Deloitte & Touche LLP
Auditor Opinion	Unqualified	Unqualified with Explanation	Unqualified with Explanation	Unqualified with Explanation	Unqualified with Explanation
Net Income/Starting Line	75.0	29.0	-1.3	21.3	3.2
Depreciation	48.1	43.0	40.9	42.4	42.6
Depreciation/Depletion	48.1	43.0	40.9	42.4	42.6
Deferred Taxes	13.3	0.4	-2.3	-4.2	5.3
Accounting Change	-	-	-	-	0.1
Unusual Items	-17.7	-3.6	-1.6	-3.8	-32.7
Equity in Net Earnings (Loss)	0.4	-1.4	5.8	-3.4	0.5
Other Non-Cash Items	6.2	1.7	0.2	6.0	1.0
Non-Cash Items	-11.1	-3.3	4.4	-1.2	-31.1
Accounts Receivable	-59.1	-84.5	93.3	-111.5	-12.6
Inventories	-43.7	-5.0	16.4	14.2	-27.6
Prepaid Expenses	-4.7	4.5	-2.9	-2.9	1.0
Other Assets	0.3	15.1	-121.7	-68.0	4.2
Accounts Payable	24.1	14.3	-17.6	15.0	2.6
Accrued Expenses	4.2	-5.7	3.1	-7.9	9.0
Other Liabilities	8.3	15.7	-1.1	13.7	-10.8
Other Assets & Liabilities, Net	1.0	1.1	1.0	-4.0	-0.9
Changes in Working Capital	-69.6	-44.5	-29.5	-151.3	-35.0
Cash from Operating Activities	55.8	24.5	12.1	-93.1	-15.0
Purchase of Fixed Assets	-76.9	-41.0	-96.0	-83.5	-93.8
Purchase/Acquisition of Intangibles	-0.2	-4.1	-2.1	0.0	-
Capital Expenditures	-77.1	-45.2	-98.1	-83.5	-93.8
Acquisition of Business	13.6	2.5	1.9	-	-
Sale of Business	5.3	-	-	-	-
Sale of Fixed Assets	6.8	1.6	0.1	7.4	26.7
Sale/Maturity of Investment	111.3	106.9	157.6	95.4	68.2
Investment, Net	6.4	34.7	-36.6	-6.6	-0.2
Purchase of Investments	-151.0	-96.8	-161.0	-251.9	-93.7
Other Investing Cash Flow	-173.3	-30.1	7.0	-20.6	-7.8
Other Investing Cash Flow Items, Total	-180.8	18.9	-31.0	-176.2	-6.7
Cash from Investing Activities	-257.9	-26.3	-129.0	-259.7	-100.5
Other Financing Cash Flow	135.0	-39.9	-19.9	319.2	0.9
Financing Cash Flow Items	135.0	-39.9	-19.9	319.2	0.9
Total Cash Dividends Paid	-10.7	0.0	-9.2	0.0	-
Sale/Issuance of Common	3.0	0.0	-	31.8	-
Repurchase/Retirement of Common	-	-	-3.0	0.0	-
Common Stock, Net	3.0	0.0	-3.0	31.8	-
Issuance (Retirement) of Stock, Net	3.0	0.0	-3.0	31.8	-
Short Term Debt Issued	10.3	10.0	-	42.4	73.3
Short Term Debt Reduction	-	-	-20.5	-	-
Short Term Debt, Net	10.3	10.0	-20.5	42.4	73.3
Long Term Debt Issued	92.9	-	-	67.0	52.9
Long Term Debt Reduction	-63.5	-22.1	-19.6	-101.8	-
Long Term Debt, Net	84.1	3.1	-26.3	-22.3	52.9
Issuance (Retirement) of Debt, Net	94.5	13.1	-46.8	20.0	126.2
Cash from Financing Activities	221.8	-26.8	-78.9	371.1	127.2
Foreign Exchange Effects	-1.9	2.9	3.1	6.2	3.0
Net Change in Cash	17.8	-25.8	-192.7	24.5	14.6
Net Cash - Beginning Balance	75.4	97.6	294.9	258.8	62.0
Net Cash - Ending Balance	93.1	71.9	102.2	283.2	76.6
Cash Interest Paid	18.3	22.4	36.4	11.9	13.1
Cash Taxes Paid	5.4	2.7	3.6	15.2	19.2

Annual Income Statement

Financials in: USD (mil)

Except for share items (millions) and per share items (actual units)

	31-Dec-2010	31-Dec-2009	31-Dec-2008	31-Dec-2007	31-Dec-2006
Period Length	12 Months	12 Months	12 Months	12 Months	12 Months
UpdateType/Date	Updated Normal 31-Dec-2010	Updated Normal 31-Dec-2009	Reclassified Normal 31-Dec-2009	Reclassified Normal 31-Dec-2008	Updated Normal 31-Dec-2006
Filed Currency	TWD	TWD	TWD	TWD	TWD
Exchange Rate (Period Average)	31.497037	33.023867	31.543497	32.848802	32.525305
Auditor	Deloitte & Touche LLP	Deloitte & Touche LLP	Deloitte & Touche LLP	Deloitte & Touche LLP	Deloitte & Touche LLP
Auditor Opinion	Unqualified	Unqualified	Unqualified with Explanation	Unqualified with Explanation	Unqualified
Net Sales	1,166.8	862.6	970.1	948.0	841.3
Other Operating Income	47.3	41.2	52.9	32.0	-
Total Revenue	1,214.2	903.8	1,023.0	980.0	841.3
Cost of Sales	1,014.2	780.2	901.2	867.9	806.4
Other Operating Cost	7.9	10.1	26.6	11.5	-
Inventory Devaluation & Obsolescence	-	-	-	-	1.0
Gain from Revaluation of Inventory	-	-	-	-	0.0
Operating Expenses	110.2	91.0	94.2	85.3	56.6
Impairment of Fixed Assets	2.8	2.4	0.7	5.0	2.6
Gain on Reversal of Bad Debt	-0.9	0.0	-1.3	-0.4	-
Gain on Reversal of Impairment Loss	-0.3	-0.3	-5.8	0.0	-
Total Operating Expense	1,134.0	883.5	1,015.5	969.3	866.6
Interest Income	0.5	1.1	1.8	3.2	-
Dividend Income	2.5	2.2	5.6	6.3	5.2
Gain/Loss on Equity Investment	-0.4	1.4	-5.8	3.4	-0.5
Gain on Sale of Investments	1.6	7.7	3.9	6.3	27.2
Gain on Sale of Fixed Assets	18.8	-	-	2.5	8.1
Foreign Exchange Gains/Losses	-2.3	0.2	-0.8	-1.6	-1.5
Rent Income	0.9	0.6	1.3	1.2	1.1
G/L on Financial Product Revaluation	0.0	4.8	-1.4	-2.0	0.0
Gain on Financial Liab. Revaluation	-	-	-	0.0	0.1
Gain on Sale of Scrap & Waste	-	-	-	1.4	1.7
Miscellaneous Income	7.1	7.8	7.6	7.6	4.7
Interest Expense	-7.6	-9.2	-15.5	-16.3	-13.3
Loss on Sale of Investments	-	-	-	-	0.0
Loss on Other Investments	0.0	0.0	0.0	-	-
Loss on Sale of Fixed Assets	0.0	-1.7	-1.6	0.0	-
Miscellaneous Disbursements	-4.3	-2.5	-4.1	-4.0	-4.5
Net Income Before Taxes	97.0	32.6	-1.3	18.5	3.0
Provision for Income Taxes	22.1	3.6	0.0	-2.8	-0.3
Net Income After Taxes	75.0	29.0	-1.3	21.3	3.3
Minority Interest	-15.1	-10.0	-0.8	-1.9	1.5
Net Income Before Extra. Items	59.9	19.0	-2.1	19.4	4.8
Accounting Change	-	-	-	-	-0.1
Net Income	59.9	19.0	-2.1	19.4	4.7
Income Available to Com Excl ExtraOrd	59.9	19.0	-2.1	19.4	4.8
Income Available to Com Incl ExtraOrd	59.9	19.0	-2.1	19.4	4.7
Basic Weighted Average Shares	1,569.7	1,443.2	1,460.4	1,411.8	1,335.9
Basic EPS Excluding ExtraOrdinary Items	0.04	0.01	0.00	0.01	0.00
Basic EPS Including ExtraOrdinary Items	0.04	0.01	0.00	0.01	0.00
Dilution Adjustment	0.0	-2.3	0.0	-	-
Diluted Net Income	59.9	16.7	-2.1	19.4	4.7
Diluted Weighted Average Shares	1,570.8	1,623.4	1,460.4	1,411.8	1,335.9
Diluted EPS Excluding ExtraOrd Items	0.04	0.01	0.00	0.01	0.00
Diluted EPS Including ExtraOrd Items	0.04	0.01	0.00	0.01	0.00
DPS-Common Stock	0.01	0.01	0.00	0.01	0.00
Gross Dividends - Common Stock	19.2	10.2	0.0	8.9	0.0
Normalized Income Before Taxes	80.8	36.4	-4.8	19.7	-4.3
Inc Tax Ex Impact of Sp Items	18.4	4.1	-1.2	-2.4	-2.9
Normalized Income After Taxes	62.4	32.4	-3.6	22.0	-1.5
Normalized Inc. Avail to Com.	47.3	22.4	-4.4	20.2	0.1
Basic Normalized EPS	0.03	0.02	0.00	0.01	-
Diluted Normalized EPS	0.03	0.01	0.00	0.01	-
Interest Expense	7.6	9.2	15.5	16.3	13.3
Interest Capitalized	-0.2	-0.9	-0.1	-0.2	-0.3
Depreciation - Operating Cost	44.0	35.8	35.4	35.5	39.8
Depreciation - Operating Expense	2.4	5.1	4.9	6.3	2.4
Amortization - Operating Cost	0.6	0.7	0.5	0.2	0.2
Amortization - Operating Expense	0.6	0.9	0.1	0.4	0.2
Current Tax Payable	8.1	3.2	2.1	2.8	-
Current Tax - Total	8.1	3.2	2.1	2.8	-
Deferred Tax	13.9	0.4	-2.1	-5.5	-
Deferred Tax - Total	13.9	0.4	-2.1	-5.5	-
Income Tax - Total	22.1	3.6	0.0	-2.8	-
Service Cost	1.3	1.4	1.6	1.6	1.2
Interest Cost	1.2	1.5	1.6	1.7	1.7
Expected Return on Plan Assets	-0.2	-0.2	-0.3	-0.3	-0.1
Amort. of Unrecognized Transitional Cost	2.4	2.2	2.2	2.5	2.1
Amort. Transitional Benefit Obligation	0.5	0.6	0.6	-	-
Domestic Pension Plan Expense	5.3	5.4	5.6	5.6	4.8
Defined Contribution Expense - Domestic	1.9	1.5	1.7	-	-
Defined Contribution Expense - Foreign	0.4	-	-	-	-
Total Pension Expense	7.6	6.9	7.3	5.6	4.8
Discount Rate	2.00%	2.50%	2.75%	2.75%	3.50%
Rate of Compensation Increase	3.00%	3.00%	3.00%	3.00%	2.00%
Expected Rate of Return on Plan Assets	2.00%	2.50%	2.75%	2.75%	3.50%

Annual Balance Sheet

Financials in: USD (mil)

	31-Dec-2010	31-Dec-2009	31-Dec-2008	31-Dec-2007	31-Dec-2006
UpdateType/Date	Updated Normal 31-Dec-2010	Restated Normal 31-Dec-2010	Updated Normal 31-Dec-2008	Updated Normal 31-Dec-2007	Reclassified Normal 31-Dec-2007
Filed Currency	TWD	TWD	TWD	TWD	TWD
Exchange Rate	29.1565	31.985	32.818	32.4345	32.585
Auditor	Deloitte & Touche LLP	Deloitte & Touche LLP	Deloitte & Touche LLP	Deloitte & Touche LLP	Deloitte & Touche LLP
Auditor Opinion	Unqualified	Unqualified	Unqualified with Explanation	Unqualified with Explanation	Unqualified
Cash and Cash Equivalent	100.6	74.2	98.3	286.8	76.4
Due from Banks and Central Bank	232.4	209.4	142.4	61.3	0.0
Financial Asset at Fair Value	6.2	5.3	23.3	4.7	0.0
Financial Assets For Sale- Current	151.6	83.0	61.9	87.1	51.4
Fin. Assets-Held to Maturity,Current	11.4	1.5	-	-	-
Securities under REOP and Bond Investmen	-	6.2	41.1	6.1	0.0
Notes Receivable	13.2	10.2	8.2	18.5	15.6
Accounts Receivable-Non-Rel.Parties, Gro	139.2	108.2	74.6	110.6	88.8
Accounts Receivable-Rel.Parties, Gross	3.8	5.7	4.4	2.6	8.3
Provision for Doubtful Accounts	-3.6	-4.4	-2.7	-3.2	-3.6
Provision for Sales Returns&Discount	-4.1	-3.0	-1.9	-1.5	-0.1
Other Receivables	18.6	20.9	20.0	13.0	6.7
Security Funds Receivable	160.8	102.2	36.3	89.3	0.0
Customer Margin Account	11.5	8.8	5.4	4.3	0.0
Finished Goods	78.9	54.8	60.0	63.8	82.4
Semi-finished Goods	2.7	2.6	3.4	-	-
Work-in-Process	20.8	17.3	16.3	17.0	14.5
Raw Material	64.8	33.5	27.3	33.9	32.4
Supplies	23.9	22.4	22.7	25.5	25.1
Scrap Inventory	-	-	0.1	0.0	0.1
Goods in Transit	0.7	1.2	0.6	0.9	0.9
Provision/Allowance for Inventory	-	-	-9.2	-4.1	-5.0
Prepayment	14.0	8.3	12.3	9.2	6.2
Restricted Assets	8.7	6.5	13.3	14.0	2.0
Other Current Assets	7.6	9.2	4.6	2.5	2.9
Total Current Assets	1,063.6	783.9	662.7	842.1	405.1
Notes Discounted & Loans	1,073.0	806.8	817.7	789.7	0.0
Long Term Equity Investment	28.9	37.4	29.2	68.5	128.1
Investments in Real Estate	-	-	-	0.0	1.6
Financial Assets for Sale	190.1	131.9	60.6	113.7	150.9
Financial Assest At Cost	26.4	27.3	27.2	28.3	38.8
Financial Assets-Held to Maturity, Non-C	113.5	121.5	133.5	122.9	0.0
Land and Improvements	81.6	78.5	72.2	79.8	65.4
Buildings and Structures	197.5	181.3	157.6	155.2	135.6
Machinery and Equipment	836.0	825.1	731.5	719.5	698.4
Transportation Equipment	2.5	2.3	2.1	2.3	2.1
Miscellaneous Equipment	23.7	24.7	23.2	22.8	11.7
Leasehold Improvement	0.6	0.7	0.4	0.3	0.0
Office Equipment	5.4	4.9	4.1	3.8	2.9
Assets Revaluation Increment	86.3	79.2	78.7	77.3	68.3
Accumulated Depreciation	-683.3	-673.3	-618.6	-606.4	-553.0
Provision for Impairment of Fixed Assets	-14.8	-11.0	-10.7	-10.8	-11.7
Construction in Prog. & Prepay. Equip.	41.6	13.1	68.2	23.2	13.7
Other Intangible Assets, Net	1.6	2.3	2.7	1.5	0.0
Assets for Lease	91.5	50.0	45.4	20.6	11.2
Accumulated Dep. - Assets for Lease	-15.4	-7.6	-6.1	-3.8	-3.1
Operating Deposits & Settlement Fund	10.2	9.2	7.3	6.4	0.0
Deferred Tax Assets	6.5	18.1	19.8	19.4	16.0
Other Long Term Assets	49.4	41.3	33.0	35.6	30.9
Broking Account - Debit	-	1.0	2.2	3.4	0.0
Total Assets	3,216.5	2,548.7	2,343.8	2,515.2	1,213.0
Short Term Borrowings	278.5	243.6	219.9	242.4	198.6
Security under REPO	94.4	32.2	6.1	12.6	0.0
Due to Banks and Central Bank	17.4	14.1	0.1	0.2	0.0
Financial Liabilitie At Fair Value	0.2	0.0	1.9	1.0	0.1
Accounts Payable	74.8	48.2	25.7	41.9	48.0
Accrued Expenses	29.2	22.4	19.8	16.8	24.6
Other Payable	26.2	19.3	26.0	26.0	12.5
Security Guarantee Deposit Received	18.0	18.6	6.4	7.3	0.0
Security Collateral Payable	19.9	20.4	7.0	8.1	0.0
Futures Traders' Equity	11.5	8.8	5.4	4.3	0.0
Current Portion of Long Term Debt	53.2	41.1	56.0	15.4	19.2
Other Current Liabilities	19.8	8.3	4.9	5.9	3.8
Total Current Liabilities	643.2	477.1	379.2	382.1	306.9
Deposits Accepted and Remittances Payabl	1,313.5	1,078.7	1,102.2	1,104.0	0.0
Long Term Borrowings	171.1	71.8	57.8	113.9	212.1
Corporate Bonds Payable	0.9	114.4	110.1	113.6	61.4
Total Long Term Debt	1,485.5	1,264.9	1,270.1	1,331.5	273.5
Land Revaluation Increment Tax Reserve	24.7	22.7	21.6	19.9	18.5
Accrued Pension Liabilities	47.9	42.0	39.3	42.2	38.9
Operating & Liabilities Loss Reserve	3.1	2.1	1.5	1.1	0.0
Long Term Security Deposits Received	1.2	1.3	1.3	1.3	0.1
Other Long Term Liabilities	5.8	5.4	32.3	29.3	31.0
Broking Account - Debit	0.1	-	-	-	-
Minority Interest	209.2	158.6	147.5	147.6	4.7
Total Liabilities	2,420.7	1,974.3	1,892.8	1,955.0	673.7
Common Stock	559.1	454.6	443.1	448.3	406.7
Additional Paid-In Capital	26.4	23.8	22.2	22.2	3.9
Legal Reserve	6.0	3.5	3.4	2.1	1.7
Special Reserve	20.5	18.7	8.5	8.6	8.6
Retained Earnings	71.9	19.1	9.7	22.5	9.5
Cumulative Translation Adjustment	4.8	15.8	17.9	15.0	8.8
Unrealized LT Invest./Fncl. Products G/L	49.1	-11.2	-103.8	-3.5	59.4
Unrealized Revaluation Increment	60.1	54.9	53.5	45.2	40.6
Unrealized Gain/Loss on Pension Fund	-1.2	-0.9	-0.5	-0.1	0.0
Treasury Stock	-1.0	-3.9	-2.9	-	-
Total Equity	795.8	574.4	451.0	560.3	539.3
Total Liabilities & Shareholders' Equity	3,216.5	2,548.7	2,343.8	2,515.2	1,213.0
S/O-Common Stock	1,638.7	1,443.2	1,447.6	1,465.6	1,335.9
Total Common Shares Outstanding	1,638.7	1,443.2	1,447.6	1,465.6	1,335.9
T/S-Common Stock	4.5	22.5	18.0	0.0	0.0
Full-Time Employees	3,815	3,459	3,574	3,559	3,081
Number of Common Shareholders	136,985	129,946	124,296	125,596	122,679
Long Term Debt Maturing in 1Year	53.2	-	56.0	15.4	19.2
Long Term Debt Maturing in Year2	-	-	-	55.5	26.5
Long Term Debt Maturing in Year3	-	-	57.9	-	83.6
Long Term Debt Maturing in Year4	-	-	-	58.6	52.6
Long Term Debt Remaining Maturing	171.2	-	-	-	49.9
Total Long Term Debt, Supplemental	224.3	-	113.9	129.5	231.8
Operating Lease Maturing in 1 Year	0.9	-	1.0	-	-
Operating Lease Maturing in 2 Years	0.3	-	0.6	-	-
Operating Lease Maturing in 3 Years	0.2	-	0.3	-	-
Operating Lease Maturing in 4 Years	0.0	-	0.2	-	-
Operating Lease Maturing in 5 Years	0.0	-	0.1	-	-
Total Operating Leases	1.4	-	2.3	-	-
Accumulated Benefit Obligation	45.9	38.5	36.1	42.4	32.3
Benefit Obligation	55.9	47.5	44.5	50.2	37.3
Fair Value of Plan Assets	10.5	8.6	6.4	9.6	0.2
Funded Status	-45.5	-38.9	-38.1	-40.6	-37.1
Total Funded Status	-45.5	-38.9	-38.1	-40.6	-37.1
Discount Rate	2.00%	2.50%	2.75%	2.75%	3.00%
Rate of Compensation Increase	3.00%	3.00%	3.00%	3.00%	1.50%
Expected Rate of Return on Plan Assets	2.00%	2.50%	2.75%	2.75%	3.00%
Accrued Pension Liabilities	-47.9	-42.0	-39.3	-42.2	-
Net Assets Recognized on Balance Sheet	-47.9	-42.0	-39.3	-42.2	-

Annual Cash Flows

Financials in: USD (mil)

	31-Dec-2010	31-Dec-2009	31-Dec-2008	31-Dec-2007	31-Dec-2006
Period Length	12 Months	12 Months	12 Months	12 Months	12 Months
UpdateType/Date	Updated Normal 31-Dec-2010	Reclassified Normal 31-Dec-2010	Restated Normal 31-Dec-2009	Reclassified Normal 31-Dec-2008	Updated Normal 31-Dec-2006
Filed Currency	TWD	TWD	TWD	TWD	TWD
Exchange Rate (Period Average)	31.497037	33.023867	31.543497	32.848802	32.525305
Auditor	Deloitte & Touche LLP	Deloitte & Touche LLP	Deloitte & Touche LLP	Deloitte & Touche LLP	Deloitte & Touche LLP
Auditor Opinion	Unqualified	Unqualified	Unqualified with Explanation	Unqualified with Explanation	Unqualified
Net Income	75.0	29.0	-1.3	21.3	3.2
Depreciation	48.1	43.0	40.9	42.4	42.6
Accounting Change	-	-	-	-	0.1
Operating & Liabilities Loss Reserve	0.7	0.6	-	-	-
Cost for Employee Option	1.4	1.6	0.1	0.0	-
Amortizaton of Bond - HTM	0.7	0.7	0.6	0.3	-
Amortization of Bond Debt	0.5	1.4	1.5	1.0	-
Provision for Pension Liabilities	1.3	1.4	-4.3	3.6	-
Equity Investment Gain/Loss	0.4	-1.4	5.8	-3.4	0.5
Cash Dividends from Equity Investment	0.1	0.5	1.1	0.0	0.1
Net Loss on Disposal of Properties	-18.8	1.7	1.6	-2.5	-8.1
Gain/Loss on Redemption of Corporate Bon	-	-	-0.6	0.0	-
Other Loss-Fixed Assets	1.4	0.3	0.0	-	-
Gain on Sale of Investments	-1.6	-7.7	-3.9	-6.3	-27.2
Gain on Financial Products Revaluation	0.0	-4.8	1.4	-	-0.1
Provision for Loss	-	-	0.4	1.0	-
Prov. for Inventory Devaluation	-	-	-	-	1.0
Impairment Loss on Assets	2.8	2.4	0.7	5.0	2.6
Deferred Tax Liabilities	-	-	-	-	5.6
Deferred Tax	13.3	0.4	-2.3	-4.2	-0.3
Other Loss on Investments	0.0	0.0	0.0	-	-
Financial Assets-Fair Value, Current	-0.2	20.8	-19.5	-2.6	-
Due from the Central Bank and Other Bank	-	-	-100.9	-60.5	-
Notes Receivable & Accounts Receivable	-19.0	-26.7	46.7	-17.1	-14.8
Other Receivables	5.0	5.1	-7.5	-6.2	2.2
Security Funds Receivable	-45.0	-62.9	54.0	-88.1	-
Customer Margin Account	-1.7	-3.2	-1.2	-4.3	-
Inventories	-43.7	-5.0	16.4	14.2	-27.6
Prepayment	-4.7	4.5	-2.9	-2.9	1.0
Broking Account - Debit/Credit	1.1	1.2	1.2	-3.3	-
Other Current Assets	2.2	-2.5	-0.1	1.2	0.1
Accounts Payable	20.3	20.6	-16.6	-6.2	2.6
Other Assets	-	-	-	-1.8	-
Long Term Receivables	-	-	-	-	4.0
Accrued Expenses	4.2	-5.7	3.1	-7.9	9.0
Advance Receipts	-	-	-	-	-3.9
Other Payable	6.1	-19.1	0.1	13.2	-
Security Guarantee Deposit Received	-2.2	11.7	-0.9	7.2	-
Security Collateral Payable	-2.3	12.8	-1.1	8.0	-
Futures Traders' Equity	1.7	3.2	1.2	4.3	-
Other Current Liabilities	8.8	0.9	-1.4	2.0	-7.0
Deferred Assets/ Income	-0.1	-0.1	-0.2	-0.7	-0.9
Other Liabilities	-	-	-	0.2	0.1
Cash From Operating Activities	55.8	24.5	12.1	-93.1	-15.0
Long Term Investments Increase	-	-	-	-	-45.5
Financial Assets for Sale- Increase	-124.0	-81.5	-111.6	-89.7	-48.1
Financial Assets for Sale- Decrease	81.7	75.0	128.1	53.4	35.4
Increase/Decrease in Securities under Re	6.3	34.8	-36.4	-6.1	-
Purchase of Financial Assets-HTM,Non-C	-16.7	-15.3	-42.6	-159.1	-
Sale of Financial Assets-HTM,Non-C	25.3	28.2	29.5	37.4	-
Restricted Assets	0.1	8.4	1.3	-12.0	-7.7
Financial Assets At Cost- Increase	-1.1	0.0	-0.2	-0.3	-
Financial Assets At Cost- Decrease	3.8	-	-	-	32.3
Fncl. Assets At Cost & Capital Reduction	-	-	-	4.7	-
LT Equity Investments Increase	-9.2	0.0	-6.5	-2.8	-
Long Term Investments Decrease	0.5	3.7	0.0	-	0.5
Gain on Sales of Subsidiaries	5.3	-	-	-	-
Capital Expenditure	-76.9	-41.0	-96.0	-83.5	-93.8
Operating Deposits & Settlement fund	-0.1	-1.6	-1.0	-6.4	-
Intangible Assets	-0.2	-4.1	-2.1	0.0	-
Security Deposit Paid	0.1	0.0	-0.2	-0.5	-0.2
Amortization Expenses	-0.5	-1.1	1.2	-2.3	-0.4
Disposal of Fixed Assets	6.8	1.6	0.1	7.4	26.7
Acquisition of Business	13.6	2.5	1.9	-	-
Due from the Central Bank and Other Bank	-2.5	-61.3	-	-	-
Cash Discounted and Loans	-174.0	31.2	-	-	-
Capital Reduction in Investee Company	0.8	0.2	5.5	0.0	0.3
Products Deposits	2.8	-5.8	0.0	-	-
Cash From Investing Activities	-257.9	-26.3	-129.0	-259.7	-100.5
Short Term Borrowings Increase	10.3	10.0	-	42.4	73.3
Repayment of ST Borrowings	-	-	-20.5	-	-
Long Term Borrowings	92.9	-	-	-	52.9
Repayment of LT Borrowings	-	-22.1	-16.4	-101.8	-
Issuance of Corporate Bonds	-	-	-	67.0	0.0
Redemption of Corporate Bonds Payable	-63.5	-	-3.3	0.0	-
Increase/Decrease in Securities under Re	54.7	25.1	-6.7	12.5	-
Security Deposit Received	-0.3	0.0	0.1	1.1	-0.1
Employees Bonus	-	-	-0.1	0.0	0.0
Cash Dividend	-10.7	0.0	-9.2	0.0	-
Cash Capital	-	-	-	31.8	-
Treasury Stock Transferred to Employees	3.0	0.0	-	-	-
Due from Banks and Central Bank	1.7	13.6	-0.2	0.2	-
Discount & Loan	-	-	-38.7	-779.8	-
Deposits&Rem Increase	120.5	-50.6	11.5	1,090.1	-
Minority Interest	13.1	-2.9	7.5	7.6	1.0
Purchase of Treasury Shares	-	-	-3.0	0.0	-
Cash From Financing Activities	221.8	-26.8	-78.9	371.1	127.2
Foreign Exchange Effects	-1.9	2.9	3.1	6.2	3.0
Net Change in Cash	17.8	-25.8	-192.7	24.5	14.6
Net Cash - Beginning Balance	75.4	97.6	294.9	258.8	62.0
Net Cash - Ending Balance	93.1	71.9	102.2	283.2	76.6
Cash Interest Paid	18.3	22.4	36.4	11.9	13.1
Cash Taxes Paid	5.4	2.7	3.6	15.2	19.2

Financial Health

Financials in: USD (mil)

Except for share items (millions) and per share items (actual units)

Key Indicators USD (mil)
Â	Quarter Ending 30-Sep-2011	Quarter Ending Yr Ago	Annual Year End 31-Dec-2010	1 Year Growth	3 Year Growth	5 Year Growth
Total Revenue1	359.9	6.43%	1,214.2	28.13%	5.91%	10.12%
Operating Income1	15.8	-63.19%	80.2	275.87%	93.49%	-
Income Available to Common Excl Extraord Items1	9.3	-65.61%	59.9	200.84%	43.53%	89.25%
Basic EPS Excl Extraord Items1	0.01	-68.17%	0.04	176.61%	38.54%	83.59%
Capital Expenditures2	206.0	209.64%	77.1	62.91%	-3.98%	9.01%
Cash from Operating Activities2	27.7	-57.05%	55.8	117.49%	-	4.28%
Free Cash Flow	-170.2	-	-23.1	-	-	-
Total Assets3	3,388.3	18.32%	3,216.5	15.04%	4.76%	23.30%
Total Liabilities3	2,627.0	21.30%	2,420.7	11.77%	3.64%	31.73%
Total Long Term Debt3	1,662.3	31.47%	1,485.5	7.06%	0.10%	50.25%
Employees3	-	-	3815	10.29%	2.34%	6.47%
Total Common Shares Outstanding3	1,804.2	6.59%	1,729.5	13.55%	3.79%	3.98%
1-ExchangeRate: TWD to USD Average for Period	29.146237	Â	31.497037	Â	Â	Â
2-ExchangeRate: TWD to USD Average for Period	29.099862	Â	31.497037	Â	Â	Â
3-ExchangeRate: TWD to USD Period End Date	30.475000	Â	29.156500	Â	Â	Â

Key Ratios
Â	31-Dec-2010	31-Dec-2009	31-Dec-2008	31-Dec-2007	31-Dec-2006
Profitability
Gross Margin	12.40%	8.38%	4.37%	7.23%	4.02%
Operating Margin	6.60%	2.25%	0.74%	1.08%	-3.01%
Pretax Margin	7.99%	3.61%	-0.13%	1.89%	0.35%
Net Profit Margin	4.93%	2.10%	-0.21%	1.98%	0.57%
Financial Strength
Current Ratio	1.65	1.64	1.75	2.20	1.32
Long Term Debt/Equity	1.87	2.20	2.82	2.38	0.51
Total Debt/Equity	2.45	2.81	3.46	2.87	0.91
Management Effectiveness
Return on Assets	2.69%	1.21%	-0.05%	1.16%	0.29%
Return on Equity	9.08%	3.78%	-0.40%	3.57%	0.96%
Efficiency
Receivables Turnover	4.44	4.88	5.38	5.75	7.67
Inventory Turnover	6.57	6.37	6.95	6.19	5.87
Asset Turnover	0.44	0.38	0.41	0.53	0.76

Market Valuation USD (mil)
P/E (TTM)	8.11	.	Enterprise Value2	2,223.7
Price/Sales (TTM)	0.35	.	Enterprise Value/Revenue (TTM)	1.63
Price/Book (MRQ)	0.62	.	Enterprise Value/EBITDA (TTM)	18.56
Market Cap as of 25-Nov-20111	480.0	.
1-ExchangeRate: TWD to USD on 25-Nov-2011	30.430000
2-ExchangeRate: TWD to USD on 30-Sep-2011	30.475000

Annual Ratios

Financials in: USD (mil)

Except for share items (millions) and per share items (actual units)

	31-Dec-2010	31-Dec-2009	31-Dec-2008	31-Dec-2007	31-Dec-2006
Financial Strength
Current Ratio	1.65	1.64	1.75	2.20	1.32
Quick/Acid Test Ratio	1.29	1.30	1.33	1.77	0.79
Working Capital1	420.5	306.8	283.4	460.0	98.2
Long Term Debt/Equity	1.87	2.20	2.82	2.38	0.51
Total Debt/Equity	2.45	2.81	3.46	2.87	0.91
Long Term Debt/Total Capital	0.54	0.58	0.63	0.61	0.27
Total Debt/Total Capital	0.71	0.74	0.78	0.74	0.48
Payout Ratio	30.98%	50.23%	0.00%	43.89%	0.00%
Effective Tax Rate	22.72%	11.15%	-	-15.02%	-10.87%
Total Capital1	2,742.9	2,189.0	2,011.5	2,170.8	1,030.7
Efficiency
Asset Turnover	0.44	0.38	0.41	0.53	0.76
Inventory Turnover	6.57	6.37	6.95	6.19	5.87
Days In Inventory	55.58	57.30	52.50	59.01	62.15
Receivables Turnover	4.44	4.88	5.38	5.75	7.67
Days Receivables Outstanding	82.21	74.76	67.82	63.52	47.57
Revenue/Employee2	343,812	269,779	275,129	278,863	272,561
Operating Income/Employee2	22,706	6,073	2,029	3,020	-8,195
EBITDA/Employee2	36,206	18,746	13,024	15,079	5,610
Profitability
Gross Margin	12.40%	8.38%	4.37%	7.23%	4.02%
Operating Margin	6.60%	2.25%	0.74%	1.08%	-3.01%
EBITDA Margin	10.53%	6.95%	4.73%	5.41%	2.06%
EBIT Margin	6.60%	2.25%	0.74%	1.08%	-3.01%
Pretax Margin	7.99%	3.61%	-0.13%	1.89%	0.35%
Net Profit Margin	4.93%	2.10%	-0.21%	1.98%	0.57%
COGS/Revenue	84.18%	87.44%	90.69%	89.74%	95.98%
SG&A Expense/Revenue	9.00%	10.07%	9.08%	8.66%	6.73%
Management Effectiveness
Return on Assets	2.69%	1.21%	-0.05%	1.16%	0.29%
Return on Equity	9.08%	3.78%	-0.40%	3.57%	0.96%
Valuation
Free Cash Flow/Share2	-0.01	-0.01	-0.05	-0.12	-0.08
Operating Cash Flow/Share 2	0.03	0.02	0.01	-0.06	-0.01
1-ExchangeRate: TWD to USD Period End Date	29.1565	31.985	32.818	32.4345	32.585
2-ExchangeRate: TWD to USD Average for Period	29.1565	31.985	32.818	32.4345	32.585

Current Market Multiples
Market Cap/Earnings (TTM)	8.22
Market Cap/Equity (MRQ)	0.63
Market Cap/Revenue (TTM)	0.35
Market Cap/EBIT (TTM)	6.83
Market Cap/EBITDA (TTM)	4.00
Enterprise Value/Earnings (TTM)	38.12
Enterprise Value/Equity (MRQ)	2.92
Enterprise Value/Revenue (TTM)	1.63
Enterprise Value/EBIT (TTM)	31.71
Enterprise Value/EBITDA (TTM)	18.56

Annual Income Statement

Standardized

Financials in: USD (mil)

Except for share items (millions) and per share items (actual units)

	31-Dec-2010	31-Dec-2009	31-Dec-2008	31-Dec-2007	31-Dec-2006
Period Length	12 Months	12 Months	12 Months	12 Months	12 Months
UpdateType/Date	Updated Normal 31-Dec-2010	Updated Normal 31-Dec-2009	Reclassified Normal 31-Dec-2009	Reclassified Normal 31-Dec-2008	Updated Normal 31-Dec-2006
Filed Currency	TWD	TWD	TWD	TWD	TWD
Exchange Rate (Period Average)	31.497037	33.023867	31.543497	32.848802	32.525305
Auditor	Deloitte & Touche LLP	Deloitte & Touche LLP	Deloitte & Touche LLP	Deloitte & Touche LLP	Deloitte & Touche LLP
Auditor Opinion	Unqualified	Unqualified with Explanation	Unqualified with Explanation	Unqualified with Explanation	Unqualified with Explanation
Net Sales	1,166.8	862.6	970.1	948.0	841.3
Revenue	1,166.8	862.6	970.1	948.0	841.3
Other Revenue	47.3	41.2	52.9	32.0	-
Other Revenue, Total	47.3	41.2	52.9	32.0	-
Total Revenue	1,214.2	903.8	1,023.0	980.0	841.3
Cost of Revenue	1,022.1	790.3	927.8	879.4	807.4
Cost of Revenue, Total	1,022.1	790.3	927.8	879.4	807.4
Gross Profit	144.7	72.3	42.4	68.6	33.9
Selling/General/Administrative Expense	109.3	91.0	92.8	84.9	56.6
Total Selling/General/Administrative Expenses	109.3	91.0	92.8	84.9	56.6
Impairment-Assets Held for Use	2.5	2.1	-5.1	5.0	2.6
Unusual Expense (Income)	2.5	2.1	-5.1	5.0	2.6
Total Operating Expense	1,134.0	883.5	1,015.5	969.3	866.6
Operating Income	80.2	20.3	7.5	10.6	-25.3
Interest Expense - Non-Operating	-7.6	-9.2	-15.5	-16.3	-13.3
Interest Expense, Net Non-Operating	-7.6	-9.2	-15.5	-16.3	-13.3
Interest Income - Non-Operating	0.5	1.1	1.8	3.2	-
Investment Income - Non-Operating	1.3	16.2	1.6	12.4	30.4
Interest/Investment Income - Non-Operating	1.9	17.3	3.5	15.6	30.4
Interest Income (Expense) - Net Non-Operating Total	-5.7	8.1	-12.0	-0.8	17.0
Gain (Loss) on Sale of Assets	18.8	-1.7	-1.6	3.9	9.8
Other Non-Operating Income (Expense)	3.8	5.9	4.7	4.8	1.4
Other, Net	3.8	5.9	4.7	4.8	1.4
Income Before Tax	97.0	32.6	-1.3	18.5	3.0
Total Income Tax	22.1	3.6	0.0	-2.8	-0.3
Income After Tax	75.0	29.0	-1.3	21.3	3.3
Minority Interest	-15.1	-10.0	-0.8	-1.9	1.5
Net Income Before Extraord Items	59.9	19.0	-2.1	19.4	4.8
Accounting Change	-	-	-	-	-0.1
Total Extraord Items	-	-	-	-	-0.1
Net Income	59.9	19.0	-2.1	19.4	4.7
Income Available to Common Excl Extraord Items	59.9	19.0	-2.1	19.4	4.8
Income Available to Common Incl Extraord Items	59.9	19.0	-2.1	19.4	4.7
Basic/Primary Weighted Average Shares	1,656.8	1,523.2	1,541.3	1,490.0	1,409.9
Basic EPS Excl Extraord Items	0.04	0.01	0.00	0.01	0.00
Basic/Primary EPS Incl Extraord Items	0.04	0.01	0.00	0.01	0.00
Dilution Adjustment	0.0	-2.3	0.0	-	-
Diluted Net Income	59.9	16.7	-2.1	19.4	4.7
Diluted Weighted Average Shares	1,657.9	1,713.4	1,541.3	1,490.0	1,409.9
Diluted EPS Excl Extraord Items	0.04	0.01	0.00	0.01	0.00
Diluted EPS Incl Extraord Items	0.04	0.01	0.00	0.01	0.00
Dividends per Share - Common Stock Primary Issue	0.01	0.01	0.00	0.01	0.00
Gross Dividends - Common Stock	19.2	10.2	0.0	8.9	0.0
Interest Expense, Supplemental	7.6	9.2	15.5	16.3	13.3
Interest Capitalized, Supplemental	-0.2	-0.9	-0.1	-0.2	-0.3
Depreciation, Supplemental	46.4	40.9	40.3	41.8	42.2
Total Special Items	-16.3	3.8	-3.5	1.1	-7.3
Normalized Income Before Tax	80.8	36.4	-4.8	19.7	-4.3
Effect of Special Items on Income Taxes	-3.7	0.4	-1.2	0.4	-2.6
Inc Tax Ex Impact of Sp Items	18.4	4.1	-1.2	-2.4	-2.9
Normalized Income After Tax	62.4	32.4	-3.6	22.0	-1.5
Normalized Inc. Avail to Com.	47.3	22.4	-4.4	20.2	0.1
Basic Normalized EPS	0.03	0.01	0.00	0.01	-
Diluted Normalized EPS	0.03	0.01	0.00	0.01	-
Amort of Intangibles, Supplemental	1.3	1.6	0.6	0.6	0.4
Normalized EBIT	82.7	22.5	2.4	15.6	-22.7
Normalized EBITDA	130.4	64.9	43.3	58.0	19.9
Current Tax - Total	8.1	3.2	2.1	2.8	-
Current Tax - Total	8.1	3.2	2.1	2.8	-
Deferred Tax - Total	13.9	0.4	-2.1	-5.5	-
Deferred Tax - Total	13.9	0.4	-2.1	-5.5	-
Income Tax - Total	22.1	3.6	0.0	-2.8	-
Interest Cost - Domestic	1.2	1.5	1.6	1.7	1.7
Service Cost - Domestic	1.3	1.4	1.6	1.6	1.2
Expected Return on Assets - Domestic	-0.2	-0.2	-0.3	-0.3	-0.1
Transition Costs - Domestic	2.4	2.2	2.2	2.5	2.1
Other Pension, Net - Domestic	0.5	0.6	0.6	-	-
Domestic Pension Plan Expense	5.3	5.4	5.6	5.6	4.8
Defined Contribution Expense - Domestic	1.9	1.5	1.7	-	-
Defined Contribution Expense - Foreign	0.4	-	-	-	-
Total Pension Expense	7.6	6.9	7.3	5.6	4.8
Discount Rate - Domestic	2.00%	2.50%	2.75%	2.75%	3.50%
Expected Rate of Return - Domestic	2.00%	2.50%	2.75%	2.75%	3.50%
Compensation Rate - Domestic	3.00%	3.00%	3.00%	3.00%	2.00%
Total Plan Interest Cost	1.2	1.5	1.6	1.7	1.7
Total Plan Service Cost	1.3	1.4	1.6	1.6	1.2
Total Plan Expected Return	-0.2	-0.2	-0.3	-0.3	-0.1
Total Plan Other Expense	0.5	0.6	0.6	-	-

Interim Income Statement

Standardized

Financials in: USD (mil)

Except for share items (millions) and per share items (actual units)

	30-Sep-2011	30-Jun-2011	31-Mar-2011	31-Dec-2010	30-Sep-2010
Period Length	3 Months	3 Months	3 Months	3 Months	3 Months
UpdateType/Date	Updated Normal 30-Sep-2011	Updated Normal 30-Jun-2011	Updated Normal 31-Mar-2011	Updated Normal 31-Dec-2010	Updated Normal 30-Sep-2010
Filed Currency	TWD	TWD	TWD	TWD	TWD
Exchange Rate (Period Average)	29.146237	28.855204	29.305764	30.350199	31.911435
Net Sales	343.6	361.1	358.6	293.2	297.2
Revenue	343.6	361.1	358.6	293.2	297.2
Other Revenue	16.3	14.5	14.4	14.5	11.6
Other Revenue, Total	16.3	14.5	14.4	14.5	11.6
Total Revenue	359.9	375.6	373.0	307.7	308.8
Cost of Revenue	317.2	324.8	315.2	267.8	246.3
Cost of Revenue, Total	317.2	324.8	315.2	267.8	246.3
Gross Profit	26.3	36.3	43.5	25.4	50.9
Selling/General/Administrative Expense	26.9	24.1	28.7	35.5	23.4
Total Selling/General/Administrative Expenses	26.9	24.1	28.7	35.5	23.4
Impairment-Assets Held for Use	-0.1	-0.1	-0.1	2.8	0.0
Unusual Expense (Income)	-0.1	-0.1	-0.1	2.8	0.0
Total Operating Expense	344.1	348.8	343.8	306.1	269.6
Operating Income	15.8	26.7	29.2	1.6	39.2
Interest Expense - Non-Operating	-2.0	-2.3	-1.6	-2.0	-1.9
Interest Expense, Net Non-Operating	-2.0	-2.3	-1.6	-2.0	-1.9
Interest Income - Non-Operating	0.3	0.4	0.1	0.2	0.2
Investment Income - Non-Operating	6.6	-2.6	5.4	-1.7	1.2
Interest/Investment Income - Non-Operating	6.9	-2.1	5.6	-1.5	1.5
Interest Income (Expense) - Net Non-Operating Total	4.9	-4.4	4.0	-3.5	-0.4
Gain (Loss) on Sale of Assets	0.0	0.0	0.0	19.6	0.0
Other Non-Operating Income (Expense)	-6.9	2.2	-2.3	11.7	-7.2
Other, Net	-6.9	2.2	-2.3	11.7	-7.2
Income Before Tax	13.7	24.5	30.9	29.4	31.5
Total Income Tax	2.4	5.6	5.2	3.1	5.5
Income After Tax	11.2	18.9	25.6	26.3	26.1
Minority Interest	-1.9	-3.5	-6.6	-11.4	-1.2
Net Income Before Extraord Items	9.3	15.4	19.1	14.9	24.8
Net Income	9.3	15.4	19.1	14.9	24.8
Income Available to Common Excl Extraord Items	9.3	15.4	19.1	14.9	24.8
Income Available to Common Incl Extraord Items	9.3	15.4	19.1	14.9	24.8
Basic/Primary Weighted Average Shares	1,818.2	1,821.1	1,715.9	1,702.5	1,683.2
Basic EPS Excl Extraord Items	0.01	0.01	0.01	0.01	0.01
Basic/Primary EPS Incl Extraord Items	0.01	0.01	0.01	0.01	0.01
Dilution Adjustment	0.0	0.0	0.0	0.0	-
Diluted Net Income	9.3	15.4	19.1	14.9	24.8
Diluted Weighted Average Shares	1,820.4	1,822.5	1,716.4	1,703.9	1,685.1
Diluted EPS Excl Extraord Items	0.01	0.01	0.01	0.01	0.01
Diluted EPS Incl Extraord Items	0.01	0.01	0.01	0.01	0.01
Dividends per Share - Common Stock Primary Issue	0.00	0.00	0.00	0.01	0.00
Gross Dividends - Common Stock	0.0	0.0	0.0	20.0	0.0
Interest Expense, Supplemental	2.0	2.3	1.6	2.0	1.9
Interest Capitalized, Supplemental	-	-	-0.3	-	-
Depreciation, Supplemental	13.3	12.7	13.1	12.4	11.9
Total Special Items	-0.1	0.0	-0.1	-16.8	0.0
Normalized Income Before Tax	13.6	24.5	30.8	12.6	31.5
Effect of Special Items on Income Taxes	0.0	0.0	0.0	-1.8	0.0
Inc Tax Ex Impact of Sp Items	2.4	5.6	5.2	1.3	5.5
Normalized Income After Tax	11.2	18.9	25.6	11.3	26.1
Normalized Inc. Avail to Com.	9.3	15.4	19.0	-0.1	24.8
Basic Normalized EPS	0.01	0.01	0.01	-	0.01
Diluted Normalized EPS	0.01	0.01	0.01	-	0.01
Normalized EBIT	15.7	26.7	29.2	4.4	39.1
Normalized EBITDA	29.0	39.4	42.2	16.8	51.1

Annual Balance Sheet

Standardized

Financials in: USD (mil)

Except for share items (millions) and per share items (actual units)

	31-Dec-2010	31-Dec-2009	31-Dec-2008	31-Dec-2007	31-Dec-2006
UpdateType/Date	Updated Normal 31-Dec-2010	Restated Normal 31-Dec-2010	Updated Normal 31-Dec-2008	Updated Normal 31-Dec-2007	Reclassified Normal 31-Dec-2007
Filed Currency	TWD	TWD	TWD	TWD	TWD
Exchange Rate	29.1565	31.985	32.818	32.4345	32.585
Auditor	Deloitte & Touche LLP	Deloitte & Touche LLP	Deloitte & Touche LLP	Deloitte & Touche LLP	Deloitte & Touche LLP
Auditor Opinion	Unqualified	Unqualified with Explanation	Unqualified with Explanation	Unqualified with Explanation	Unqualified with Explanation
Cash & Equivalents	333.0	283.6	240.6	348.2	76.4
Short Term Investments	169.2	96.0	126.2	97.9	51.4
Cash and Short Term Investments	502.2	379.6	366.9	446.1	127.8
Accounts Receivable - Trade, Gross	143.0	113.9	79.0	113.2	97.1
Provision for Doubtful Accounts	-7.7	-7.5	-4.6	-4.7	-3.7
Trade Accounts Receivable - Net	135.3	106.5	74.5	108.5	93.5
Notes Receivable - Short Term	13.2	10.2	8.2	18.5	15.6
Other Receivables	179.4	123.1	56.3	102.2	6.7
Total Receivables, Net	327.9	239.7	138.9	229.2	115.7
Inventories - Finished Goods	79.6	56.0	60.6	64.6	83.3
Inventories - Work In Progress	23.5	19.9	19.8	17.0	14.5
Inventories - Raw Materials	88.7	55.8	50.0	59.3	57.5
Inventories - Other	-	-	-9.1	-4.1	-4.9
Total Inventory	191.7	131.7	121.3	136.8	150.5
Prepaid Expenses	14.0	8.3	12.3	9.2	6.2
Restricted Cash - Current	20.2	15.3	18.7	18.3	2.0
Other Current Assets	7.6	9.2	4.6	2.5	2.9
Other Current Assets, Total	27.8	24.5	23.3	20.8	4.9
Total Current Assets	1,063.6	783.9	662.7	842.1	405.1
Buildings	198.1	182.0	158.0	155.5	135.6
Land/Improvements	81.6	78.5	72.2	79.8	65.4
Machinery/Equipment	867.7	857.0	760.9	748.4	715.1
Construction in Progress	41.6	13.1	68.2	23.2	13.7
Leases	91.5	50.0	45.4	20.6	11.2
Other Property/Plant/Equipment	86.3	79.2	78.7	77.3	68.3
Property/Plant/Equipment - Gross	1,366.8	1,259.8	1,183.4	1,104.8	1,009.3
Accumulated Depreciation	-713.5	-691.9	-635.3	-621.0	-567.7
Property/Plant/Equipment - Net	653.3	567.9	548.1	483.7	441.6
Intangibles, Net	1.6	2.3	2.7	1.5	0.0
LT Investment - Affiliate Companies	28.9	37.4	29.2	68.5	128.1
LT Investments - Other	1,402.9	1,087.5	1,039.0	1,054.7	191.3
Long Term Investments	1,431.9	1,124.9	1,068.1	1,123.2	319.4
Deferred Income Tax - Long Term Asset	6.5	18.1	19.8	19.4	16.0
Restricted Cash - Long Term	10.2	9.2	7.3	6.4	0.0
Other Long Term Assets	49.4	42.3	35.1	39.0	30.9
Other Long Term Assets, Total	66.1	69.6	62.2	64.8	46.9
Total Assets	3,216.5	2,548.7	2,343.8	2,515.2	1,213.0
Accounts Payable	74.8	48.2	25.7	41.9	48.0
Accrued Expenses	29.2	22.4	19.8	16.8	24.6
Notes Payable/Short Term Debt	408.5	308.6	234.4	263.6	198.7
Current Portion - Long Term Debt/Capital Leases	53.2	41.1	56.0	15.4	19.2
Other Payables	46.2	39.7	33.0	34.1	12.5
Other Current Liabilities	31.3	17.1	10.3	10.2	3.8
Other Current liabilities, Total	77.5	56.8	43.3	44.3	16.4
Total Current Liabilities	643.2	477.1	379.2	382.1	306.9
Long Term Debt	1,485.5	1,264.9	1,270.1	1,331.5	273.5
Total Long Term Debt	1,485.5	1,264.9	1,270.1	1,331.5	273.5
Total Debt	1,947.1	1,614.6	1,560.5	1,610.5	491.4
Minority Interest	209.2	158.6	147.5	147.6	4.7
Reserves	27.8	24.9	23.1	21.0	18.5
Pension Benefits - Underfunded	47.9	42.0	39.3	42.2	38.9
Other Long Term Liabilities	7.1	6.8	33.6	30.6	31.2
Other Liabilities, Total	82.8	73.7	96.0	93.8	88.6
Total Liabilities	2,420.7	1,974.3	1,892.8	1,955.0	673.7
Common Stock	559.1	454.6	443.1	448.3	406.7
Common Stock	559.1	454.6	443.1	448.3	406.7
Additional Paid-In Capital	26.4	23.8	22.2	22.2	3.9
Retained Earnings (Accumulated Deficit)	98.4	41.3	21.6	33.2	19.8
Treasury Stock - Common	-1.0	-3.9	-2.9	-	-
Unrealized Gain (Loss)	109.2	43.6	-50.3	41.6	100.0
Translation Adjustment	4.8	15.8	17.9	15.0	8.8
Minimum Pension Liability Adjustment	-1.2	-0.9	-0.5	-0.1	0.0
Other Equity, Total	3.6	15.0	17.3	14.9	8.8
Total Equity	795.8	574.4	451.0	560.3	539.3
Total Liabilities & Shareholders’ Equity	3,216.5	2,548.7	2,343.8	2,515.2	1,213.0
Shares Outstanding - Common Stock Primary Issue	1,729.5	1,523.2	1,527.9	1,546.9	1,409.9
Total Common Shares Outstanding	1,729.5	1,523.2	1,527.9	1,546.9	1,409.9
Treasury Shares - Common Stock Primary Issue	4.7	23.7	19.0	0.0	0.0
Employees	3,815	3,459	3,574	3,559	3,081
Number of Common Shareholders	136,985	129,946	124,296	125,596	122,679
Total Long Term Debt, Supplemental	224.3	-	113.9	129.5	231.8
Long Term Debt Maturing within 1 Year	53.2	-	56.0	15.4	19.2
Long Term Debt Maturing in Year 2	-	-	28.9	55.5	26.5
Long Term Debt Maturing in Year 3	-	-	28.9	29.3	83.6
Long Term Debt Maturing in Year 4	-	-	-	29.3	52.6
Long Term Debt Maturing in 2-3 Years	-	-	57.9	84.8	110.1
Long Term Debt Maturing in 4-5 Years	-	-	-	29.3	52.6
Long Term Debt Matur. in Year 6 & Beyond	171.2	-	0.0	0.0	49.9
Total Operating Leases, Supplemental	1.4	-	2.3	-	-
Operating Lease Payments Due in Year 1	0.9	-	1.0	-	-
Operating Lease Payments Due in Year 2	0.3	-	0.6	-	-
Operating Lease Payments Due in Year 3	0.2	-	0.3	-	-
Operating Lease Payments Due in Year 4	0.0	-	0.2	-	-
Operating Lease Payments Due in Year 5	0.0	-	0.1	-	-
Operating Lease Pymts. Due in 2-3 Years	0.4	-	0.9	-	-
Operating Lease Pymts. Due in 4-5 Years	0.0	-	0.3	-	-
Oper. Lse. Pymts. Due in Year 6 & Beyond	0.0	-	0.0	-	-
Pension Obligation - Domestic	55.9	47.5	44.5	50.2	37.3
Plan Assets - Domestic	10.5	8.6	6.4	9.6	0.2
Funded Status - Domestic	-45.5	-38.9	-38.1	-40.6	-37.1
Accumulated Obligation - Domestic	45.9	38.5	36.1	42.4	32.3
Total Funded Status	-45.5	-38.9	-38.1	-40.6	-37.1
Discount Rate - Domestic	2.00%	2.50%	2.75%	2.75%	3.00%
Expected Rate of Return - Domestic	2.00%	2.50%	2.75%	2.75%	3.00%
Compensation Rate - Domestic	3.00%	3.00%	3.00%	3.00%	1.50%
Accrued Liabilities - Domestic	-47.9	-42.0	-39.3	-42.2	-
Net Assets Recognized on Balance Sheet	-47.9	-42.0	-39.3	-42.2	-
Total Plan Obligations	55.9	47.5	44.5	50.2	37.3
Total Plan Assets	10.5	8.6	6.4	9.6	0.2

Interim Balance Sheet

Standardized

Financials in: USD (mil)

Except for share items (millions) and per share items (actual units)

	30-Sep-2011	30-Jun-2011	31-Mar-2011	31-Dec-2010	30-Sep-2010
UpdateType/Date	Updated Normal 30-Sep-2011	Updated Normal 30-Jun-2011	Updated Normal 31-Mar-2011	Updated Normal 31-Dec-2010	Restated Normal 30-Sep-2011
Filed Currency	TWD	TWD	TWD	TWD	TWD
Exchange Rate	30.475	28.7235	29.4065	29.1565	31.2415
Cash & Equivalents	439.8	439.7	384.1	333.0	270.0
Short Term Investments	170.7	180.8	183.2	169.2	116.1
Cash and Short Term Investments	610.5	620.6	567.3	502.2	386.2
Accounts Receivable - Trade, Gross	164.7	180.9	187.2	143.0	137.5
Provision for Doubtful Accounts	-6.5	-9.4	-9.0	-7.7	-7.4
Trade Accounts Receivable - Net	158.2	171.5	178.2	135.3	130.1
Notes Receivable - Short Term	15.5	10.7	13.6	13.2	12.0
Other Receivables	134.3	198.1	165.9	179.4	157.4
Total Receivables, Net	308.0	380.3	357.7	327.9	299.5
Inventories - Finished Goods	100.0	103.3	97.7	79.6	63.9
Inventories - Work In Progress	23.0	25.0	25.3	23.5	18.2
Inventories - Raw Materials	99.7	106.1	96.5	88.7	70.9
Total Inventory	222.6	234.4	219.5	191.7	152.9
Prepaid Expenses	25.8	15.7	23.3	14.0	14.9
Restricted Cash - Current	15.0	18.0	20.8	20.2	16.9
Other Current Assets	8.8	6.4	13.2	7.6	6.6
Other Current Assets, Total	23.7	24.4	34.0	27.8	23.5
Total Current Assets	1,190.6	1,275.3	1,201.8	1,063.6	877.0
Buildings	197.9	207.1	197.8	198.1	180.2
Land/Improvements	79.4	82.8	80.9	81.6	80.7
Machinery/Equipment	856.4	893.2	869.0	867.7	828.0
Construction in Progress	96.1	91.5	52.2	41.6	41.7
Leases	203.4	92.7	90.3	91.5	61.0
Other Property/Plant/Equipment	81.5	87.9	85.9	86.3	80.6
Property/Plant/Equipment - Gross	1,514.6	1,455.2	1,376.1	1,366.8	1,272.3
Accumulated Depreciation	-729.4	-753.2	-725.9	-713.5	-678.4
Property/Plant/Equipment - Net	785.2	702.0	650.2	653.3	593.9
Intangibles, Net	1.5	1.7	1.5	1.6	1.9
LT Investment - Affiliate Companies	5.7	26.4	26.6	28.9	55.5
LT Investments - Other	1,335.9	1,446.7	1,400.3	1,402.9	1,200.4
Long Term Investments	1,341.6	1,473.1	1,426.9	1,431.9	1,255.9
Deferred Income Tax - Long Term Asset	9.4	4.8	6.3	6.5	13.7
Restricted Cash - Long Term	10.6	10.4	10.2	10.2	9.5
Other Long Term Assets	49.4	47.0	46.2	49.4	41.5
Other Long Term Assets, Total	69.4	62.2	62.7	66.1	64.7
Total Assets	3,388.3	3,514.3	3,343.1	3,216.5	2,793.4
Accounts Payable	67.3	63.6	84.5	74.8	70.6
Accrued Expenses	28.3	26.0	22.5	29.2	34.1
Notes Payable/Short Term Debt	467.5	477.4	477.7	408.5	331.0
Current Portion - Long Term Debt/Capital Leases	22.2	50.2	66.5	53.2	130.1
Other Payables	60.5	89.5	30.1	46.2	32.3
Other Current Liabilities	34.4	25.9	28.9	31.3	26.6
Other Current liabilities, Total	94.9	115.4	59.0	77.5	58.9
Total Current Liabilities	680.3	732.6	710.2	643.2	624.7
Long Term Debt	1,662.3	1,649.6	1,512.1	1,485.5	1,233.4
Total Long Term Debt	1,662.3	1,649.6	1,512.1	1,485.5	1,233.4
Total Debt	2,152.0	2,177.2	2,056.3	1,947.1	1,694.4
Deferred Income Tax - LT Liability	3.3	-	-	-	3.6
Deferred Income Tax	3.3	-	-	-	3.6
Minority Interest	202.9	208.7	209.5	209.2	174.2
Reserves	23.7	25.2	24.6	27.8	26.0
Pension Benefits - Underfunded	46.2	48.5	48.3	47.9	44.6
Other Long Term Liabilities	8.3	6.9	7.0	7.1	6.2
Other Liabilities, Total	78.2	80.6	79.9	82.8	76.8
Total Liabilities	2,627.0	2,671.5	2,511.6	2,420.7	2,112.6
Common Stock	599.9	635.5	588.4	559.1	510.7
Common Stock	599.9	635.5	588.4	559.1	510.7
Additional Paid-In Capital	37.5	36.4	35.5	26.4	26.6
Retained Earnings (Accumulated Deficit)	86.7	82.5	118.4	98.4	77.4
Treasury Stock - Common	-7.8	-1.7	-1.0	-1.0	-1.0
Unrealized Gain (Loss)	32.7	85.3	83.6	109.2	55.2
Translation Adjustment	13.5	5.9	7.7	4.8	12.8
Minimum Pension Liability Adjustment	-1.1	-1.2	-1.2	-1.2	-0.9
Other Equity, Total	12.4	4.7	6.5	3.6	11.9
Total Equity	761.3	842.8	831.4	795.8	680.8
Total Liabilities & Shareholders’ Equity	3,388.3	3,514.3	3,343.1	3,216.5	2,793.4
Shares Outstanding - Common Stock Primary Issue	1,804.2	1,821.5	1,821.5	1,729.5	1,692.6
Total Common Shares Outstanding	1,804.2	1,821.5	1,821.5	1,729.5	1,692.6
Treasury Shares - Common Stock Primary Issue	25.0	4.7	4.7	4.7	4.7
Employees	3,904	3,833	3,884	3,815	3,999
Total Long Term Debt, Supplemental	264.5	229.4	237.9	224.3	-
Long Term Debt Maturing within 1 Year	22.2	50.2	66.5	53.2	-
Long Term Debt Matur. in Year 6 & Beyond	242.2	179.2	171.3	171.2	-
Total Operating Leases, Supplemental	1.9	1.5	1.6	1.4	2.1
Operating Lease Payments Due in Year 1	0.3	0.6	0.8	0.9	0.4
Operating Lease Payments Due in Year 2	0.8	0.5	0.4	0.3	0.9
Operating Lease Payments Due in Year 3	0.4	0.3	0.2	0.2	0.5
Operating Lease Payments Due in Year 4	0.2	0.1	0.1	0.0	0.3
Operating Lease Payments Due in Year 5	0.1	0.1	0.1	0.0	-
Operating Lease Payments Due in Year 6	0.0	0.0	0.0	-	-
Operating Lease Pymts. Due in 2-3 Years	1.3	0.7	0.6	0.4	1.4
Operating Lease Pymts. Due in 4-5 Years	0.3	0.2	0.2	0.0	0.3
Oper. Lse. Pymts. Due in Year 6 & Beyond	0.0	0.0	0.0	0.0	0.0
Prepaid Benefits - Domestic	2.1	2.2	-	-	1.7
Accrued Liabilities - Domestic	-46.2	-48.5	-48.3	-47.9	-44.6
Net Assets Recognized on Balance Sheet	-44.1	-46.2	-48.3	-47.9	-42.9

Annual Cash Flows

Standardized

Financials in: USD (mil)

Except for share items (millions) and per share items (actual units)

	31-Dec-2010	31-Dec-2009	31-Dec-2008	31-Dec-2007	31-Dec-2006
Period Length	12 Months	12 Months	12 Months	12 Months	12 Months
UpdateType/Date	Updated Normal 31-Dec-2010	Reclassified Normal 31-Dec-2010	Restated Normal 31-Dec-2009	Reclassified Normal 31-Dec-2008	Updated Normal 31-Dec-2006
Filed Currency	TWD	TWD	TWD	TWD	TWD
Exchange Rate (Period Average)	31.497037	33.023867	31.543497	32.848802	32.525305
Auditor	Deloitte & Touche LLP	Deloitte & Touche LLP	Deloitte & Touche LLP	Deloitte & Touche LLP	Deloitte & Touche LLP
Auditor Opinion	Unqualified	Unqualified with Explanation	Unqualified with Explanation	Unqualified with Explanation	Unqualified with Explanation
Net Income/Starting Line	75.0	29.0	-1.3	21.3	3.2
Depreciation	48.1	43.0	40.9	42.4	42.6
Depreciation/Depletion	48.1	43.0	40.9	42.4	42.6
Deferred Taxes	13.3	0.4	-2.3	-4.2	5.3
Accounting Change	-	-	-	-	0.1
Unusual Items	-17.7	-3.6	-1.6	-3.8	-32.7
Equity in Net Earnings (Loss)	0.4	-1.4	5.8	-3.4	0.5
Other Non-Cash Items	6.2	1.7	0.2	6.0	1.0
Non-Cash Items	-11.1	-3.3	4.4	-1.2	-31.1
Accounts Receivable	-59.1	-84.5	93.3	-111.5	-12.6
Inventories	-43.7	-5.0	16.4	14.2	-27.6
Prepaid Expenses	-4.7	4.5	-2.9	-2.9	1.0
Other Assets	0.3	15.1	-121.7	-68.0	4.2
Accounts Payable	24.1	14.3	-17.6	15.0	2.6
Accrued Expenses	4.2	-5.7	3.1	-7.9	9.0
Other Liabilities	8.3	15.7	-1.1	13.7	-10.8
Other Assets & Liabilities, Net	1.0	1.1	1.0	-4.0	-0.9
Changes in Working Capital	-69.6	-44.5	-29.5	-151.3	-35.0
Cash from Operating Activities	55.8	24.5	12.1	-93.1	-15.0
Purchase of Fixed Assets	-76.9	-41.0	-96.0	-83.5	-93.8
Purchase/Acquisition of Intangibles	-0.2	-4.1	-2.1	0.0	-
Capital Expenditures	-77.1	-45.2	-98.1	-83.5	-93.8
Acquisition of Business	13.6	2.5	1.9	-	-
Sale of Business	5.3	-	-	-	-
Sale of Fixed Assets	6.8	1.6	0.1	7.4	26.7
Sale/Maturity of Investment	111.3	106.9	157.6	95.4	68.2
Investment, Net	6.4	34.7	-36.6	-6.6	-0.2
Purchase of Investments	-151.0	-96.8	-161.0	-251.9	-93.7
Other Investing Cash Flow	-173.3	-30.1	7.0	-20.6	-7.8
Other Investing Cash Flow Items, Total	-180.8	18.9	-31.0	-176.2	-6.7
Cash from Investing Activities	-257.9	-26.3	-129.0	-259.7	-100.5
Other Financing Cash Flow	135.0	-39.9	-19.9	319.2	0.9
Financing Cash Flow Items	135.0	-39.9	-19.9	319.2	0.9
Total Cash Dividends Paid	-10.7	0.0	-9.2	0.0	-
Sale/Issuance of Common	3.0	0.0	-	31.8	-
Repurchase/Retirement of Common	-	-	-3.0	0.0	-
Common Stock, Net	3.0	0.0	-3.0	31.8	-
Issuance (Retirement) of Stock, Net	3.0	0.0	-3.0	31.8	-
Short Term Debt Issued	10.3	10.0	-	42.4	73.3
Short Term Debt Reduction	-	-	-20.5	-	-
Short Term Debt, Net	10.3	10.0	-20.5	42.4	73.3
Long Term Debt Issued	92.9	-	-	67.0	52.9
Long Term Debt Reduction	-63.5	-22.1	-19.6	-101.8	-
Long Term Debt, Net	84.1	3.1	-26.3	-22.3	52.9
Issuance (Retirement) of Debt, Net	94.5	13.1	-46.8	20.0	126.2
Cash from Financing Activities	221.8	-26.8	-78.9	371.1	127.2
Foreign Exchange Effects	-1.9	2.9	3.1	6.2	3.0
Net Change in Cash	17.8	-25.8	-192.7	24.5	14.6
Net Cash - Beginning Balance	75.4	97.6	294.9	258.8	62.0
Net Cash - Ending Balance	93.1	71.9	102.2	283.2	76.6
Cash Interest Paid	18.3	22.4	36.4	11.9	13.1
Cash Taxes Paid	5.4	2.7	3.6	15.2	19.2

Interim Cash Flows

Standardized

Financials in: USD (mil)

Except for share items (millions) and per share items (actual units)

	30-Sep-2011	30-Jun-2011	31-Mar-2011	31-Dec-2010	30-Sep-2010
Period Length	9 Months	6 Months	3 Months	12 Months	9 Months
UpdateType/Date	Updated Normal 30-Sep-2011	Updated Normal 30-Jun-2011	Updated Normal 31-Mar-2011	Updated Normal 31-Dec-2010	Updated Normal 30-Sep-2010
Filed Currency	TWD	TWD	TWD	TWD	TWD
Exchange Rate (Period Average)	29.099862	29.074238	29.305764	31.497037	31.886422
Net Income/Starting Line	55.9	44.7	25.6	75.0	49.0
Depreciation	38.0	25.8	13.1	48.1	34.4
Depreciation/Depletion	38.0	25.8	13.1	48.1	34.4
Amortization of Intangibles	1.1	-	-	-	1.4
Amortization	1.1	-	-	-	1.4
Deferred Taxes	2.9	3.0	1.9	13.3	11.6
Unusual Items	-6.7	-5.9	-5.7	-17.7	-1.9
Equity in Net Earnings (Loss)	3.6	2.4	0.7	0.4	0.2
Other Non-Cash Items	5.3	0.3	3.6	6.2	9.7
Non-Cash Items	2.3	-3.2	-1.4	-11.1	8.0
Accounts Receivable	6.0	-46.9	-32.8	-59.1	-53.0
Inventories	-41.0	-39.3	-29.5	-43.7	-17.7
Prepaid Expenses	-13.2	-1.5	-9.5	-4.7	-6.9
Other Assets	-1.7	-4.9	-7.7	0.3	1.3
Accounts Payable	-5.3	10.2	-3.7	24.1	16.2
Accrued Expenses	0.4	-3.6	-6.5	4.2	10.9
Other Liabilities	3.7	-13.3	-11.9	8.3	4.8
Other Assets & Liabilities, Net	-21.2	-0.2	0.1	1.0	-1.1
Changes in Working Capital	-72.3	-99.5	-101.5	-69.6	-45.4
Cash from Operating Activities	27.7	-29.2	-62.3	55.8	59.0
Purchase of Fixed Assets	-205.7	-65.8	-16.3	-76.9	-60.7
Purchase/Acquisition of Intangibles	-0.3	-0.3	0.0	-0.2	0.0
Capital Expenditures	-206.0	-66.1	-16.3	-77.1	-60.7
Acquisition of Business	-	-	-	13.6	-
Sale of Business	0.0	-	0.0	5.3	4.1
Sale of Fixed Assets	2.0	1.9	0.5	6.8	6.0
Sale/Maturity of Investment	244.5	168.3	83.7	111.3	74.5
Investment, Net	-24.0	-25.5	-34.6	6.3	0.0
Purchase of Investments	-218.9	-150.3	-71.6	-151.0	-102.4
Other Investing Cash Flow	-158.6	-135.9	-70.4	-173.2	-64.3
Other Investing Cash Flow Items, Total	-155.1	-141.4	-92.3	-180.8	-82.1
Cash from Investing Activities	-361.1	-207.5	-108.6	-257.9	-142.8
Other Financing Cash Flow	208.4	161.4	55.4	135.0	82.7
Financing Cash Flow Items	208.4	161.4	55.4	135.0	82.7
Total Cash Dividends Paid	0.0	-	-	-10.7	-10.6
Sale/Issuance of Common	42.3	43.8	43.5	3.0	1.5
Repurchase/Retirement of Common	-7.2	-0.7	-	-	-
Common Stock, Net	35.1	43.2	43.5	3.0	1.5
Issuance (Retirement) of Stock, Net	35.1	43.2	43.5	3.0	1.5
Short Term Debt Issued	46.1	35.8	61.6	10.3	-
Short Term Debt Reduction	-	-	-	-	-24.2
Short Term Debt, Net	46.1	35.8	61.6	10.3	-24.2
Long Term Debt Issued	52.3	1.7	15.6	92.9	34.5
Long Term Debt Reduction	-	-	-	-63.5	-
Long Term Debt, Net	52.3	1.7	18.8	84.1	34.5
Issuance (Retirement) of Debt, Net	98.4	37.5	80.3	94.5	10.3
Cash from Financing Activities	341.9	242.1	179.2	221.8	83.9
Foreign Exchange Effects	0.4	-1.7	1.0	-1.9	1.4
Net Change in Cash	9.1	3.6	9.4	17.8	1.5
Net Cash - Beginning Balance	100.8	100.9	100.1	75.4	74.4
Net Cash - Ending Balance	109.9	104.5	109.5	93.1	75.9
Cash Interest Paid	14.9	9.3	4.2	18.3	10.8
Cash Taxes Paid	9.1	5.8	1.5	5.4	3.8

Annual Income Statement

As Reported

Financials in: USD (mil)

Except for share items (millions) and per share items (actual units)

	31-Dec-2010	31-Dec-2009	31-Dec-2008	31-Dec-2007	31-Dec-2006
Period Length	12 Months	12 Months	12 Months	12 Months	12 Months
UpdateType/Date	Updated Normal 31-Dec-2010	Updated Normal 31-Dec-2009	Reclassified Normal 31-Dec-2009	Reclassified Normal 31-Dec-2008	Updated Normal 31-Dec-2006
Filed Currency	TWD	TWD	TWD	TWD	TWD
Exchange Rate (Period Average)	31.497037	33.023867	31.543497	32.848802	32.525305
Auditor	Deloitte & Touche LLP	Deloitte & Touche LLP	Deloitte & Touche LLP	Deloitte & Touche LLP	Deloitte & Touche LLP
Auditor Opinion	Unqualified	Unqualified	Unqualified with Explanation	Unqualified with Explanation	Unqualified
Net Sales	1,166.8	862.6	970.1	948.0	841.3
Other Operating Income	47.3	41.2	52.9	32.0	-
Total Revenue	1,214.2	903.8	1,023.0	980.0	841.3
Cost of Sales	1,014.2	780.2	901.2	867.9	806.4
Other Operating Cost	7.9	10.1	26.6	11.5	-
Inventory Devaluation & Obsolescence	-	-	-	-	1.0
Gain from Revaluation of Inventory	-	-	-	-	0.0
Operating Expenses	110.2	91.0	94.2	85.3	56.6
Impairment of Fixed Assets	2.8	2.4	0.7	5.0	2.6
Gain on Reversal of Bad Debt	-0.9	0.0	-1.3	-0.4	-
Gain on Reversal of Impairment Loss	-0.3	-0.3	-5.8	0.0	-
Total Operating Expense	1,134.0	883.5	1,015.5	969.3	866.6
Interest Income	0.5	1.1	1.8	3.2	-
Dividend Income	2.5	2.2	5.6	6.3	5.2
Gain/Loss on Equity Investment	-0.4	1.4	-5.8	3.4	-0.5
Gain on Sale of Investments	1.6	7.7	3.9	6.3	27.2
Gain on Sale of Fixed Assets	18.8	-	-	2.5	8.1
Foreign Exchange Gains/Losses	-2.3	0.2	-0.8	-1.6	-1.5
Rent Income	0.9	0.6	1.3	1.2	1.1
G/L on Financial Product Revaluation	0.0	4.8	-1.4	-2.0	0.0
Gain on Financial Liab. Revaluation	-	-	-	0.0	0.1
Gain on Sale of Scrap & Waste	-	-	-	1.4	1.7
Miscellaneous Income	7.1	7.8	7.6	7.6	4.7
Interest Expense	-7.6	-9.2	-15.5	-16.3	-13.3
Loss on Sale of Investments	-	-	-	-	0.0
Loss on Other Investments	0.0	0.0	0.0	-	-
Loss on Sale of Fixed Assets	0.0	-1.7	-1.6	0.0	-
Miscellaneous Disbursements	-4.3	-2.5	-4.1	-4.0	-4.5
Net Income Before Taxes	97.0	32.6	-1.3	18.5	3.0
Provision for Income Taxes	22.1	3.6	0.0	-2.8	-0.3
Net Income After Taxes	75.0	29.0	-1.3	21.3	3.3
Minority Interest	-15.1	-10.0	-0.8	-1.9	1.5
Net Income Before Extra. Items	59.9	19.0	-2.1	19.4	4.8
Accounting Change	-	-	-	-	-0.1
Net Income	59.9	19.0	-2.1	19.4	4.7
Income Available to Com Excl ExtraOrd	59.9	19.0	-2.1	19.4	4.8
Income Available to Com Incl ExtraOrd	59.9	19.0	-2.1	19.4	4.7
Basic Weighted Average Shares	1,569.7	1,443.2	1,460.4	1,411.8	1,335.9
Basic EPS Excluding ExtraOrdinary Items	0.04	0.01	0.00	0.01	0.00
Basic EPS Including ExtraOrdinary Items	0.04	0.01	0.00	0.01	0.00
Dilution Adjustment	0.0	-2.3	0.0	-	-
Diluted Net Income	59.9	16.7	-2.1	19.4	4.7
Diluted Weighted Average Shares	1,570.8	1,623.4	1,460.4	1,411.8	1,335.9
Diluted EPS Excluding ExtraOrd Items	0.04	0.01	0.00	0.01	0.00
Diluted EPS Including ExtraOrd Items	0.04	0.01	0.00	0.01	0.00
DPS-Common Stock	0.01	0.01	0.00	0.01	0.00
Gross Dividends - Common Stock	19.2	10.2	0.0	8.9	0.0
Normalized Income Before Taxes	80.8	36.4	-4.8	19.7	-4.3
Inc Tax Ex Impact of Sp Items	18.4	4.1	-1.2	-2.4	-2.9
Normalized Income After Taxes	62.4	32.4	-3.6	22.0	-1.5
Normalized Inc. Avail to Com.	47.3	22.4	-4.4	20.2	0.1
Basic Normalized EPS	0.03	0.02	0.00	0.01	-
Diluted Normalized EPS	0.03	0.01	0.00	0.01	-
Interest Expense	7.6	9.2	15.5	16.3	13.3
Interest Capitalized	-0.2	-0.9	-0.1	-0.2	-0.3
Depreciation - Operating Cost	44.0	35.8	35.4	35.5	39.8
Depreciation - Operating Expense	2.4	5.1	4.9	6.3	2.4
Amortization - Operating Cost	0.6	0.7	0.5	0.2	0.2
Amortization - Operating Expense	0.6	0.9	0.1	0.4	0.2
Current Tax Payable	8.1	3.2	2.1	2.8	-
Current Tax - Total	8.1	3.2	2.1	2.8	-
Deferred Tax	13.9	0.4	-2.1	-5.5	-
Deferred Tax - Total	13.9	0.4	-2.1	-5.5	-
Income Tax - Total	22.1	3.6	0.0	-2.8	-
Service Cost	1.3	1.4	1.6	1.6	1.2
Interest Cost	1.2	1.5	1.6	1.7	1.7
Expected Return on Plan Assets	-0.2	-0.2	-0.3	-0.3	-0.1
Amort. of Unrecognized Transitional Cost	2.4	2.2	2.2	2.5	2.1
Amort. Transitional Benefit Obligation	0.5	0.6	0.6	-	-
Domestic Pension Plan Expense	5.3	5.4	5.6	5.6	4.8
Defined Contribution Expense - Domestic	1.9	1.5	1.7	-	-
Defined Contribution Expense - Foreign	0.4	-	-	-	-
Total Pension Expense	7.6	6.9	7.3	5.6	4.8
Discount Rate	2.00%	2.50%	2.75%	2.75%	3.50%
Rate of Compensation Increase	3.00%	3.00%	3.00%	3.00%	2.00%
Expected Rate of Return on Plan Assets	2.00%	2.50%	2.75%	2.75%	3.50%

Interim Income Statement

As Reported

Financials in: USD (mil)

Except for share items (millions) and per share items (actual units)

	30-Jun-2011	31-Mar-2011	31-Dec-2010	30-Sep-2010	30-Jun-2010
Period Length	3 Months	3 Months	3 Months	3 Months	3 Months
UpdateType/Date	Updated Normal 30-Jun-2011	Updated Normal 31-Mar-2011	Updated Normal 31-Dec-2010	Updated Normal 30-Sep-2010	Updated Normal 30-Jun-2010
Filed Currency	TWD	TWD	TWD	TWD	TWD
Exchange Rate (Period Average)	28.855204	29.305764	30.350199	31.911435	31.824532
Net Sales	361.1	358.6	293.2	297.2	310.5
Other Operating Income	14.5	14.4	14.5	11.6	11.1
Total Revenue	375.6	373.0	307.7	308.8	321.6
Cost of Sales	321.2	312.1	265.9	243.6	268.8
Other Operating Cost	3.7	3.1	1.9	2.6	1.3
Operating Expenses	24.1	28.7	35.7	24.2	26.9
Gain from Reversal of Bad Debts	-	-	-0.1	-0.8	-
Gain on Reversal of Impairment Loss	-0.1	-0.1	-0.1	0.0	0.0
Impairment Loss	-	-	2.9	-	0.0
Total Operating Expense	348.8	343.8	306.1	269.6	296.9
Interest Income	0.4	0.1	0.2	0.2	0.0
Gain/Loss on Equity Investment	-1.7	-0.7	-0.3	0.1	-0.1
Dividend Income	0.1	-	0.0	2.5	0.0
Gain/Loss on Sale of Fixed Assets	0.0	0.0	19.6	0.0	0.0
Gain/Loss on Sale of Investments	0.1	5.7	-0.4	-1.3	2.7
Gain/Loss on Foreign Exchange	-0.9	1.5	-2.3	-0.5	0.8
Rent Income	0.4	0.1	0.2	0.3	0.3
G/L on Financial Product Revaluation	-0.3	-1.1	1.3	0.5	-0.4
Gain on Sale of Scrap & Waste	-	-	0.0	-	0.0
Miscellaneous Income	1.4	1.1	5.3	0.7	0.5
Interest Expense	-2.3	-1.6	-2.0	-1.9	-1.9
Other Investment Loss	-	-	0.0	0.0	0.0
Miscellaneous Disbursements	0.4	-3.5	6.2	-8.2	1.0
Net Income Before Taxes	24.5	30.9	29.4	31.5	27.5
Provision for Income Taxes	5.6	5.2	3.1	5.5	11.4
Net Income After Taxes	18.9	25.6	26.3	26.1	16.2
Minority Interest	-3.5	-6.6	-11.4	-1.2	-1.2
Net Income Before Extra. Items	15.4	19.1	14.9	24.8	15.0
Net Income	15.4	19.1	14.9	24.8	15.0
Income Available to Com Excl ExtraOrd	15.4	19.1	14.9	24.8	15.0
Income Available to Com Incl ExtraOrd	15.4	19.1	14.9	24.8	15.0
Basic Weighted Average Shares	1,725.4	1,625.8	1,613.1	1,604.2	1,594.4
Basic EPS Excluding ExtraOrdinary Items	0.01	0.01	0.01	0.02	0.01
Basic EPS Including ExtraOrdinary Items	0.01	0.01	0.01	0.02	0.01
Dilution Adjustment	0.0	0.0	0.0	-	-
Diluted Net Income	15.4	19.1	14.9	24.8	15.0
Diluted Weighted Average Shares	1,726.7	1,626.2	1,614.4	1,606.2	1,595.3
Diluted EPS Excluding ExtraOrd Items	0.01	0.01	0.01	0.02	0.01
Diluted EPS Including ExtraOrd Items	0.01	0.01	0.01	0.02	0.01
DPS-Common Stock	0.00	0.00	0.01	0.00	0.00
Gross Dividends - Common Stock	0.0	0.0	20.0	0.0	0.0
Normalized Income Before Taxes	24.5	30.8	12.6	31.5	27.5
Inc Tax Ex Impact of Sp Items	5.6	5.2	1.3	5.5	11.4
Normalized Income After Taxes	18.9	25.6	11.3	26.1	16.1
Normalized Inc. Avail to Com.	15.4	19.0	-0.1	24.8	15.0
Basic Normalized EPS	0.01	0.01	-	0.02	0.01
Diluted Normalized EPS	0.01	0.01	-	0.02	0.01
Interest Expense, Supplemental	2.3	1.6	2.0	1.9	1.9
Interest Capitalized	-	-0.3	-	-	-
Depreciation & Amortization	12.7	13.1	12.4	11.9	11.9

© 1983-2011 Reuters Research Inc. All Rights Reserved.

Published by OneSource Information Services, Inc., December, 2011.

Annual Balance Sheet

As Reported

Financials in: USD (mil)

Except for share items (millions) and per share items (actual units)

	31-Dec-2010	31-Dec-2009	31-Dec-2008	31-Dec-2007	31-Dec-2006
UpdateType/Date	Updated Normal 31-Dec-2010	Restated Normal 31-Dec-2010	Updated Normal 31-Dec-2008	Updated Normal 31-Dec-2007	Reclassified Normal 31-Dec-2007
Filed Currency	TWD	TWD	TWD	TWD	TWD
Exchange Rate	29.1565	31.985	32.818	32.4345	32.585
Auditor	Deloitte & Touche LLP	Deloitte & Touche LLP	Deloitte & Touche LLP	Deloitte & Touche LLP	Deloitte & Touche LLP
Auditor Opinion	Unqualified	Unqualified	Unqualified with Explanation	Unqualified with Explanation	Unqualified
Cash and Cash Equivalent	100.6	74.2	98.3	286.8	76.4
Due from Banks and Central Bank	232.4	209.4	142.4	61.3	0.0
Financial Asset at Fair Value	6.2	5.3	23.3	4.7	0.0
Financial Assets For Sale- Current	151.6	83.0	61.9	87.1	51.4
Fin. Assets-Held to Maturity,Current	11.4	1.5	-	-	-
Securities under REOP and Bond Investmen	-	6.2	41.1	6.1	0.0
Notes Receivable	13.2	10.2	8.2	18.5	15.6
Accounts Receivable-Non-Rel.Parties, Gro	139.2	108.2	74.6	110.6	88.8
Accounts Receivable-Rel.Parties, Gross	3.8	5.7	4.4	2.6	8.3
Provision for Doubtful Accounts	-3.6	-4.4	-2.7	-3.2	-3.6
Provision for Sales Returns&Discount	-4.1	-3.0	-1.9	-1.5	-0.1
Other Receivables	18.6	20.9	20.0	13.0	6.7
Security Funds Receivable	160.8	102.2	36.3	89.3	0.0
Customer Margin Account	11.5	8.8	5.4	4.3	0.0
Finished Goods	78.9	54.8	60.0	63.8	82.4
Semi-finished Goods	2.7	2.6	3.4	-	-
Work-in-Process	20.8	17.3	16.3	17.0	14.5
Raw Material	64.8	33.5	27.3	33.9	32.4
Supplies	23.9	22.4	22.7	25.5	25.1
Scrap Inventory	-	-	0.1	0.0	0.1
Goods in Transit	0.7	1.2	0.6	0.9	0.9
Provision/Allowance for Inventory	-	-	-9.2	-4.1	-5.0
Prepayment	14.0	8.3	12.3	9.2	6.2
Restricted Assets	8.7	6.5	13.3	14.0	2.0
Other Current Assets	7.6	9.2	4.6	2.5	2.9
Total Current Assets	1,063.6	783.9	662.7	842.1	405.1
Notes Discounted & Loans	1,073.0	806.8	817.7	789.7	0.0
Long Term Equity Investment	28.9	37.4	29.2	68.5	128.1
Investments in Real Estate	-	-	-	0.0	1.6
Financial Assets for Sale	190.1	131.9	60.6	113.7	150.9
Financial Assest At Cost	26.4	27.3	27.2	28.3	38.8
Financial Assets-Held to Maturity, Non-C	113.5	121.5	133.5	122.9	0.0
Land and Improvements	81.6	78.5	72.2	79.8	65.4
Buildings and Structures	197.5	181.3	157.6	155.2	135.6
Machinery and Equipment	836.0	825.1	731.5	719.5	698.4
Transportation Equipment	2.5	2.3	2.1	2.3	2.1
Miscellaneous Equipment	23.7	24.7	23.2	22.8	11.7
Leasehold Improvement	0.6	0.7	0.4	0.3	0.0
Office Equipment	5.4	4.9	4.1	3.8	2.9
Assets Revaluation Increment	86.3	79.2	78.7	77.3	68.3
Accumulated Depreciation	-683.3	-673.3	-618.6	-606.4	-553.0
Provision for Impairment of Fixed Assets	-14.8	-11.0	-10.7	-10.8	-11.7
Construction in Prog. & Prepay. Equip.	41.6	13.1	68.2	23.2	13.7
Other Intangible Assets, Net	1.6	2.3	2.7	1.5	0.0
Assets for Lease	91.5	50.0	45.4	20.6	11.2
Accumulated Dep. - Assets for Lease	-15.4	-7.6	-6.1	-3.8	-3.1
Operating Deposits & Settlement Fund	10.2	9.2	7.3	6.4	0.0
Deferred Tax Assets	6.5	18.1	19.8	19.4	16.0
Other Long Term Assets	49.4	41.3	33.0	35.6	30.9
Broking Account - Debit	-	1.0	2.2	3.4	0.0
Total Assets	3,216.5	2,548.7	2,343.8	2,515.2	1,213.0
Short Term Borrowings	278.5	243.6	219.9	242.4	198.6
Security under REPO	94.4	32.2	6.1	12.6	0.0
Due to Banks and Central Bank	17.4	14.1	0.1	0.2	0.0
Financial Liabilitie At Fair Value	0.2	0.0	1.9	1.0	0.1
Accounts Payable	74.8	48.2	25.7	41.9	48.0
Accrued Expenses	29.2	22.4	19.8	16.8	24.6
Other Payable	26.2	19.3	26.0	26.0	12.5
Security Guarantee Deposit Received	18.0	18.6	6.4	7.3	0.0
Security Collateral Payable	19.9	20.4	7.0	8.1	0.0
Futures Traders' Equity	11.5	8.8	5.4	4.3	0.0
Current Portion of Long Term Debt	53.2	41.1	56.0	15.4	19.2
Other Current Liabilities	19.8	8.3	4.9	5.9	3.8
Total Current Liabilities	643.2	477.1	379.2	382.1	306.9
Deposits Accepted and Remittances Payabl	1,313.5	1,078.7	1,102.2	1,104.0	0.0
Long Term Borrowings	171.1	71.8	57.8	113.9	212.1
Corporate Bonds Payable	0.9	114.4	110.1	113.6	61.4
Total Long Term Debt	1,485.5	1,264.9	1,270.1	1,331.5	273.5
Land Revaluation Increment Tax Reserve	24.7	22.7	21.6	19.9	18.5
Accrued Pension Liabilities	47.9	42.0	39.3	42.2	38.9
Operating & Liabilities Loss Reserve	3.1	2.1	1.5	1.1	0.0
Long Term Security Deposits Received	1.2	1.3	1.3	1.3	0.1
Other Long Term Liabilities	5.8	5.4	32.3	29.3	31.0
Broking Account - Debit	0.1	-	-	-	-
Minority Interest	209.2	158.6	147.5	147.6	4.7
Total Liabilities	2,420.7	1,974.3	1,892.8	1,955.0	673.7
Common Stock	559.1	454.6	443.1	448.3	406.7
Additional Paid-In Capital	26.4	23.8	22.2	22.2	3.9
Legal Reserve	6.0	3.5	3.4	2.1	1.7
Special Reserve	20.5	18.7	8.5	8.6	8.6
Retained Earnings	71.9	19.1	9.7	22.5	9.5
Cumulative Translation Adjustment	4.8	15.8	17.9	15.0	8.8
Unrealized LT Invest./Fncl. Products G/L	49.1	-11.2	-103.8	-3.5	59.4
Unrealized Revaluation Increment	60.1	54.9	53.5	45.2	40.6
Unrealized Gain/Loss on Pension Fund	-1.2	-0.9	-0.5	-0.1	0.0
Treasury Stock	-1.0	-3.9	-2.9	-	-
Total Equity	795.8	574.4	451.0	560.3	539.3
Total Liabilities & Shareholders' Equity	3,216.5	2,548.7	2,343.8	2,515.2	1,213.0
S/O-Common Stock	1,638.7	1,443.2	1,447.6	1,465.6	1,335.9
Total Common Shares Outstanding	1,638.7	1,443.2	1,447.6	1,465.6	1,335.9
T/S-Common Stock	4.5	22.5	18.0	0.0	0.0
Full-Time Employees	3,815	3,459	3,574	3,559	3,081
Number of Common Shareholders	136,985	129,946	124,296	125,596	122,679
Long Term Debt Maturing in 1Year	53.2	-	56.0	15.4	19.2
Long Term Debt Maturing in Year2	-	-	-	55.5	26.5
Long Term Debt Maturing in Year3	-	-	57.9	-	83.6
Long Term Debt Maturing in Year4	-	-	-	58.6	52.6
Long Term Debt Remaining Maturing	171.2	-	-	-	49.9
Total Long Term Debt, Supplemental	224.3	-	113.9	129.5	231.8
Operating Lease Maturing in 1 Year	0.9	-	1.0	-	-
Operating Lease Maturing in 2 Years	0.3	-	0.6	-	-
Operating Lease Maturing in 3 Years	0.2	-	0.3	-	-
Operating Lease Maturing in 4 Years	0.0	-	0.2	-	-
Operating Lease Maturing in 5 Years	0.0	-	0.1	-	-
Total Operating Leases	1.4	-	2.3	-	-
Accumulated Benefit Obligation	45.9	38.5	36.1	42.4	32.3
Benefit Obligation	55.9	47.5	44.5	50.2	37.3
Fair Value of Plan Assets	10.5	8.6	6.4	9.6	0.2
Funded Status	-45.5	-38.9	-38.1	-40.6	-37.1
Total Funded Status	-45.5	-38.9	-38.1	-40.6	-37.1
Discount Rate	2.00%	2.50%	2.75%	2.75%	3.00%
Rate of Compensation Increase	3.00%	3.00%	3.00%	3.00%	1.50%
Expected Rate of Return on Plan Assets	2.00%	2.50%	2.75%	2.75%	3.00%
Accrued Pension Liabilities	-47.9	-42.0	-39.3	-42.2	-
Net Assets Recognized on Balance Sheet	-47.9	-42.0	-39.3	-42.2	-

Interim Balance Sheet

As Reported

Financials in: USD (mil)

Except for share items (millions) and per share items (actual units)

	30-Jun-2011	31-Mar-2011	31-Dec-2010	30-Sep-2010	30-Jun-2010
UpdateType/Date	Updated Normal 30-Jun-2011	Updated Normal 31-Mar-2011	Updated Normal 31-Dec-2010	Updated Normal 30-Sep-2010	Restated Normal 30-Jun-2011
Filed Currency	TWD	TWD	TWD	TWD	TWD
Exchange Rate	28.7235	29.4065	29.1565	31.2415	32.1315
Cash and Cash Equivalent	105.8	109.1	100.6	77.5	69.8
Due from Banks and Central Bank	333.9	275.0	232.4	192.5	159.9
Financial Asset at Fair Value	11.0	6.6	6.2	2.5	1.4
Financial Assets For Sale- Current	130.5	134.3	151.6	99.1	90.7
Fin. Assets-Held to Maturity,Current	13.5	7.8	11.4	8.2	7.2
Securities under REOP and Bond Investmen	25.9	34.5	-	6.4	9.3
Notes Receivable	10.7	13.6	13.2	12.0	11.9
Accounts Receivable, Gross	177.8	183.6	139.2	134.3	137.7
Accounts Receivable-Related Pty, Gross	3.1	3.6	3.8	3.2	3.1
Provision for Doubtful Accounts	-3.9	-4.4	-3.6	-4.2	-4.4
Provision for Sales Returns&Discount	-5.5	-4.6	-4.1	-3.2	-3.4
Other Receivables	45.6	11.0	18.6	20.5	20.8
Security Funds Receivable	152.5	154.9	160.8	136.9	109.9
Customer Margin Account	10.6	10.4	11.5	9.7	10.6
Finished Goods	101.7	87.8	78.9	63.3	52.7
Semi-finished Goods	4.0	-	2.7	3.7	2.4
Work-in-Process	21.1	-	20.8	14.4	14.4
Raw Material	76.7	70.4	64.8	46.7	38.5
Supplies	29.4	26.1	23.9	24.2	21.7
Goods in Transit	1.5	10.0	0.7	0.6	0.3
Semi-finished Goods & Work-in-Process	-	25.3	-	-	-
Prepayment	15.7	23.3	14.0	14.9	14.6
Restricted Assets	7.4	10.4	8.7	7.2	6.2
Other Current Assets	6.4	13.2	7.6	6.6	4.9
Total Current Assets	1,275.3	1,201.8	1,063.6	877.0	780.3
Notes Discounted & Loans	1,133.9	1,091.0	1,073.0	914.9	860.9
Financial Assets for Sale	172.0	166.9	190.1	137.7	117.9
Financial Assets-Held to Maturity, Non-C	114.4	116.3	113.5	122.2	117.7
Financial Assets At Cost- Non-Current	26.4	26.2	26.4	25.6	27.2
Long Term Equity Investment	26.4	26.6	28.9	56.6	48.2
Land	82.8	80.9	81.6	80.7	78.1
Buildings and Structures	206.5	197.2	197.5	179.5	182.5
Machinery and Equipment	859.5	836.4	836.0	803.7	819.4
Transportation Equipment	2.8	2.6	2.5	2.4	2.4
Miscellaneous Equipment	25.2	24.5	23.7	16.9	24.0
Leasehold Improvement	0.6	0.6	0.6	0.7	0.7
Office Equipment	5.7	5.4	5.4	5.1	4.9
Assets Revaluation Increment	87.9	85.9	86.3	80.6	77.7
Accumulated Depreciation	-721.7	-695.6	-683.3	-653.1	-682.0
Provision for Impairment of Fixed Assets	-15.1	-14.8	-14.8	-11.2	-11.0
Construction in Prog. & Prepay. Equip.	91.5	52.2	41.6	41.7	27.6
Other Intangible Assets, Net	1.7	1.5	1.6	1.9	1.9
Rental Assets	92.7	90.3	91.5	61.0	49.8
Accumulated Dep. - Assets for Lease	-16.4	-15.6	-15.4	-14.0	-8.1
Operating Deposits & Settlement Fund	10.4	10.2	10.2	9.5	9.2
Deferred Tax Assets	4.8	6.3	6.5	10.0	10.7
Other Assets	46.7	46.2	49.4	39.6	37.7
Broking Account - Debit	0.3	-	-	2.0	-
Total Assets	3,514.3	3,343.1	3,216.5	2,790.8	2,577.8
Short Term Borrowings	318.9	337.4	278.5	224.7	240.4
Security under REPO	97.4	96.9	94.4	75.3	59.2
Financial Liab. at Fair Value- Current	0.1	0.3	0.2	0.0	0.3
Due to Banks and Central Bank	50.3	34.8	17.4	16.0	15.6
Accounts Payable	63.6	84.5	74.8	70.6	56.9
Accrued Expenses	26.0	22.5	29.2	34.1	21.4
Other Payable	77.7	21.1	26.2	15.4	28.8
Security Guarantee Deposit Received	10.7	8.2	18.0	14.9	8.3
Security Collateral Payable	11.8	9.0	19.9	16.9	9.2
Futures Traders' Equity	10.5	10.4	11.5	9.6	10.6
Current Portion of Long Term Debt	50.2	66.5	53.2	130.1	92.2
Other Current Liabilities	15.4	18.5	19.8	16.9	11.3
Total Current Liabilities	732.6	710.2	643.2	624.7	554.1
Deposits Accepted and Remittances Payabl	1,469.5	1,339.9	1,313.5	1,137.4	1,062.3
Corporate Bonds Payable	0.9	0.9	0.9	11.2	12.0
Long Term Borrowings	179.2	171.3	171.1	84.7	116.6
Fin. Liabilities-Fair Value, Non-current	0.0	-	-	-	0.0
Total Long Term Debt	1,649.6	1,512.1	1,485.5	1,233.4	1,191.0
Operating & Liabilities Loss Reserve	0.1	0.1	3.1	2.7	2.4
Land Revaluation Increment Tax Reserve	25.1	24.5	24.7	23.3	22.6
Accrued Pension Liabilities	48.5	48.3	47.9	44.6	42.4
Long Term Security Deposits Received	1.2	1.1	1.2	1.2	1.1
Other Long Term Liabilities	5.7	5.6	5.8	5.0	5.1
Broking Account - Debit	-	0.2	0.1	-	3.0
Minority Interest	208.7	209.5	209.2	174.2	152.9
Total Liabilities	2,671.5	2,511.6	2,420.7	2,109.0	1,974.5
Common Stock	602.4	588.4	559.1	510.7	495.3
Stock Dividend for Distribution	33.1	-	-	-	-
Additional Paid-In Capital	36.4	35.5	26.4	26.6	21.9
Legal Reserve	12.6	5.9	6.0	5.6	5.4
Special Reserve	22.8	22.3	20.5	19.1	18.6
Retained Earnings	47.1	90.2	71.9	52.7	26.5
Cumulative Translation Adjustment	5.9	7.7	4.8	12.8	13.4
Unrealized Gain/Loss on Pension Fund	-1.2	-1.2	-1.2	-0.9	-0.9
Unrealized LT Invest./Fncl. Products G/L	24.3	24.0	49.1	-0.8	-29.3
Unrealized Revaluation Increment	61.0	59.6	60.1	56.2	54.6
Treasury Stock	-1.7	-1.0	-1.0	0.0	-2.4
Total Equity	842.8	831.4	795.8	681.9	603.3
Total Liabilities & Shareholders' Equity	3,514.3	3,343.1	3,216.5	2,790.8	2,577.8
S/O-Common Stock	1,725.8	1,725.8	1,638.7	1,608.2	1,595.1
Total Common Shares Outstanding	1,725.8	1,725.8	1,638.7	1,608.2	1,595.1
T/S-Common Stock	4.4	4.4	4.5	0.0	8.9
Full-Time Employees	3,833	3,884	3,815	3,999	3,827
Long Term Debt Maturing in 1Year	-	66.5	53.2	66.1	-
Long Term Debt Remaining Maturing	-	171.3	171.2	84.8	-
Total Long Term Debt, Supplemental	-	237.9	224.3	150.9	-
Operating Lease Maturing in 1 Year	-	0.8	0.9	0.4	-
Operating Lease Maturing in 2 Year	-	0.4	0.3	0.9	-
Operating Lease Maturing in 3 Year	-	0.2	0.2	0.5	-
Operating Lease Maturing in 4 Year	-	0.1	0.0	0.3	-
Operating Lease Maturing in 5 Year	-	0.1	0.0	-	-
Operating Lease Maturing in 6 Year	-	0.0	-	-	-
Total Operating Leases	-	1.6	1.4	2.1	-
Deferred Pension Cost	-	-	-	1.7	-
Accrued Pension Liabilities	-	-48.3	-47.9	-44.6	-
Net Assets Recognized on Balance Sheet	-	-48.3	-47.9	-42.9	-

Annual Cash Flows

As Reported

Financials in: USD (mil)

Except for share items (millions) and per share items (actual units)

	31-Dec-2010	31-Dec-2009	31-Dec-2008	31-Dec-2007	31-Dec-2006
Period Length	12 Months	12 Months	12 Months	12 Months	12 Months
UpdateType/Date	Updated Normal 31-Dec-2010	Reclassified Normal 31-Dec-2010	Restated Normal 31-Dec-2009	Reclassified Normal 31-Dec-2008	Updated Normal 31-Dec-2006
Filed Currency	TWD	TWD	TWD	TWD	TWD
Exchange Rate (Period Average)	31.497037	33.023867	31.543497	32.848802	32.525305
Auditor	Deloitte & Touche LLP	Deloitte & Touche LLP	Deloitte & Touche LLP	Deloitte & Touche LLP	Deloitte & Touche LLP
Auditor Opinion	Unqualified	Unqualified	Unqualified with Explanation	Unqualified with Explanation	Unqualified
Net Income	75.0	29.0	-1.3	21.3	3.2
Depreciation	48.1	43.0	40.9	42.4	42.6
Accounting Change	-	-	-	-	0.1
Operating & Liabilities Loss Reserve	0.7	0.6	-	-	-
Cost for Employee Option	1.4	1.6	0.1	0.0	-
Amortizaton of Bond - HTM	0.7	0.7	0.6	0.3	-
Amortization of Bond Debt	0.5	1.4	1.5	1.0	-
Provision for Pension Liabilities	1.3	1.4	-4.3	3.6	-
Equity Investment Gain/Loss	0.4	-1.4	5.8	-3.4	0.5
Cash Dividends from Equity Investment	0.1	0.5	1.1	0.0	0.1
Net Loss on Disposal of Properties	-18.8	1.7	1.6	-2.5	-8.1
Gain/Loss on Redemption of Corporate Bon	-	-	-0.6	0.0	-
Other Loss-Fixed Assets	1.4	0.3	0.0	-	-
Gain on Sale of Investments	-1.6	-7.7	-3.9	-6.3	-27.2
Gain on Financial Products Revaluation	0.0	-4.8	1.4	-	-0.1
Provision for Loss	-	-	0.4	1.0	-
Prov. for Inventory Devaluation	-	-	-	-	1.0
Impairment Loss on Assets	2.8	2.4	0.7	5.0	2.6
Deferred Tax Liabilities	-	-	-	-	5.6
Deferred Tax	13.3	0.4	-2.3	-4.2	-0.3
Other Loss on Investments	0.0	0.0	0.0	-	-
Financial Assets-Fair Value, Current	-0.2	20.8	-19.5	-2.6	-
Due from the Central Bank and Other Bank	-	-	-100.9	-60.5	-
Notes Receivable & Accounts Receivable	-19.0	-26.7	46.7	-17.1	-14.8
Other Receivables	5.0	5.1	-7.5	-6.2	2.2
Security Funds Receivable	-45.0	-62.9	54.0	-88.1	-
Customer Margin Account	-1.7	-3.2	-1.2	-4.3	-
Inventories	-43.7	-5.0	16.4	14.2	-27.6
Prepayment	-4.7	4.5	-2.9	-2.9	1.0
Broking Account - Debit/Credit	1.1	1.2	1.2	-3.3	-
Other Current Assets	2.2	-2.5	-0.1	1.2	0.1
Accounts Payable	20.3	20.6	-16.6	-6.2	2.6
Other Assets	-	-	-	-1.8	-
Long Term Receivables	-	-	-	-	4.0
Accrued Expenses	4.2	-5.7	3.1	-7.9	9.0
Advance Receipts	-	-	-	-	-3.9
Other Payable	6.1	-19.1	0.1	13.2	-
Security Guarantee Deposit Received	-2.2	11.7	-0.9	7.2	-
Security Collateral Payable	-2.3	12.8	-1.1	8.0	-
Futures Traders' Equity	1.7	3.2	1.2	4.3	-
Other Current Liabilities	8.8	0.9	-1.4	2.0	-7.0
Deferred Assets/ Income	-0.1	-0.1	-0.2	-0.7	-0.9
Other Liabilities	-	-	-	0.2	0.1
Cash From Operating Activities	55.8	24.5	12.1	-93.1	-15.0
Long Term Investments Increase	-	-	-	-	-45.5
Financial Assets for Sale- Increase	-124.0	-81.5	-111.6	-89.7	-48.1
Financial Assets for Sale- Decrease	81.7	75.0	128.1	53.4	35.4
Increase/Decrease in Securities under Re	6.3	34.8	-36.4	-6.1	-
Purchase of Financial Assets-HTM,Non-C	-16.7	-15.3	-42.6	-159.1	-
Sale of Financial Assets-HTM,Non-C	25.3	28.2	29.5	37.4	-
Restricted Assets	0.1	8.4	1.3	-12.0	-7.7
Financial Assets At Cost- Increase	-1.1	0.0	-0.2	-0.3	-
Financial Assets At Cost- Decrease	3.8	-	-	-	32.3
Fncl. Assets At Cost & Capital Reduction	-	-	-	4.7	-
LT Equity Investments Increase	-9.2	0.0	-6.5	-2.8	-
Long Term Investments Decrease	0.5	3.7	0.0	-	0.5
Gain on Sales of Subsidiaries	5.3	-	-	-	-
Capital Expenditure	-76.9	-41.0	-96.0	-83.5	-93.8
Operating Deposits & Settlement fund	-0.1	-1.6	-1.0	-6.4	-
Intangible Assets	-0.2	-4.1	-2.1	0.0	-
Security Deposit Paid	0.1	0.0	-0.2	-0.5	-0.2
Amortization Expenses	-0.5	-1.1	1.2	-2.3	-0.4
Disposal of Fixed Assets	6.8	1.6	0.1	7.4	26.7
Acquisition of Business	13.6	2.5	1.9	-	-
Due from the Central Bank and Other Bank	-2.5	-61.3	-	-	-
Cash Discounted and Loans	-174.0	31.2	-	-	-
Capital Reduction in Investee Company	0.8	0.2	5.5	0.0	0.3
Products Deposits	2.8	-5.8	0.0	-	-
Cash From Investing Activities	-257.9	-26.3	-129.0	-259.7	-100.5
Short Term Borrowings Increase	10.3	10.0	-	42.4	73.3
Repayment of ST Borrowings	-	-	-20.5	-	-
Long Term Borrowings	92.9	-	-	-	52.9
Repayment of LT Borrowings	-	-22.1	-16.4	-101.8	-
Issuance of Corporate Bonds	-	-	-	67.0	0.0
Redemption of Corporate Bonds Payable	-63.5	-	-3.3	0.0	-
Increase/Decrease in Securities under Re	54.7	25.1	-6.7	12.5	-
Security Deposit Received	-0.3	0.0	0.1	1.1	-0.1
Employees Bonus	-	-	-0.1	0.0	0.0
Cash Dividend	-10.7	0.0	-9.2	0.0	-
Cash Capital	-	-	-	31.8	-
Treasury Stock Transferred to Employees	3.0	0.0	-	-	-
Due from Banks and Central Bank	1.7	13.6	-0.2	0.2	-
Discount & Loan	-	-	-38.7	-779.8	-
Deposits&Rem Increase	120.5	-50.6	11.5	1,090.1	-
Minority Interest	13.1	-2.9	7.5	7.6	1.0
Purchase of Treasury Shares	-	-	-3.0	0.0	-
Cash From Financing Activities	221.8	-26.8	-78.9	371.1	127.2
Foreign Exchange Effects	-1.9	2.9	3.1	6.2	3.0
Net Change in Cash	17.8	-25.8	-192.7	24.5	14.6
Net Cash - Beginning Balance	75.4	97.6	294.9	258.8	62.0
Net Cash - Ending Balance	93.1	71.9	102.2	283.2	76.6
Cash Interest Paid	18.3	22.4	36.4	11.9	13.1
Cash Taxes Paid	5.4	2.7	3.6	15.2	19.2

Interim Cash Flows

As Reported

Financials in: USD (mil)

Except for share items (millions) and per share items (actual units)

	30-Jun-2011	31-Mar-2011	31-Dec-2010	30-Sep-2010	30-Jun-2010
Period Length	6 Months	3 Months	12 Months	9 Months	6 Months
UpdateType/Date	Updated Normal 30-Jun-2011	Updated Normal 31-Mar-2011	Updated Normal 31-Dec-2010	Updated Normal 30-Sep-2010	Updated Normal 30-Jun-2010
Filed Currency	TWD	TWD	TWD	TWD	TWD
Exchange Rate (Period Average)	29.074238	29.305764	31.497037	31.886422	31.875049
Net Income	44.7	25.6	75.0	49.0	23.0
Depreciation	25.8	13.1	48.1	34.4	23.8
Amortization	-	-	-	1.4	-
Operating & Liabilities Loss Reserve	-3.0	-0.5	0.7	-	-
Cost for Employee Option	-	-	1.4	-	1.4
Prov. for Operating Loss&Liability	-	-	-	0.5	0.3
Compensation for Treasury to Employee	-	-	-	1.4	-
Amortization. of Financial Assets	-	0.3	-	0.5	-
Amort. of Bonds -HTM	0.4	-	0.7	-	0.3
Interest Amortization of Bond Debt	-	0.0	0.5	-	-
Amort. of Corporate Bond Discount	0.0	-	-	0.5	0.4
Pension Liabilities	-0.2	0.8	1.3	1.5	0.5
Equity Investment Gain/Loss	2.4	0.7	0.4	0.2	0.2
Cash Dividends from Equity Investments	0.0	0.0	0.1	3.2	3.2
Gain/Loss on Disposal of Properties	0.0	0.0	-18.8	0.0	0.0
Other Expense-Fixed Assets	1.7	1.9	1.4	0.8	0.2
Gain on Sale of Investments	-5.9	-5.7	-1.6	-2.0	-3.2
G/ L on Financial Assets Revaluation	1.4	1.1	0.0	1.2	1.8
Impairment Loss on Assets	-	-	2.8	0.0	0.0
Deferred Tax	3.0	1.9	13.3	11.6	9.5
Other Investment Loss	-	-	0.0	0.0	0.0
Financial Assets-Fair Value, Current	-6.0	-1.3	-0.2	1.6	-
Financial Assets - Trading	-	-	-	-	1.2
Notes Receivable & Accounts Receivable	-31.1	-44.7	-19.0	-22.2	-29.1
Other Receivables	-26.4	7.5	5.0	0.8	-0.1
Security Funds Receivable	10.6	4.5	-45.0	-31.6	-8.3
Customer Margin Account	1.1	1.0	-1.7	-0.6	-1.8
Inventories	-39.3	-29.5	-43.7	-17.7	0.3
Prepayment	-1.5	-9.5	-4.7	-6.9	-6.4
Broking Account - Debit/Credit	-0.3	0.2	1.1	-1.0	4.0
Other Current Assets	0.0	-7.4	2.2	0.3	2.4
Accounts Payable	-12.2	10.4	20.3	20.8	9.0
Accrued Expenses	-3.6	-6.5	4.2	10.9	-0.9
Other Payable	30.7	-3.3	6.1	-0.7	-1.0
Security Guarantee Deposit Received	-7.5	-9.7	-2.2	-4.0	-10.3
Security Collateral Payable	-8.3	-10.8	-2.3	-3.9	-11.2
Futures Traders' Equity	-1.1	-1.0	1.7	0.6	1.8
Other Current Liabilities	-4.7	-1.2	8.8	8.3	3.0
Deferred Assets/ Income	0.1	-0.1	-0.1	-0.1	-0.1
Cash From Operating Activities	-29.2	-62.3	55.8	59.0	13.8
Disposal of Financial Assets-Fair Value	-	-	-	-	3.0
Purchase of Financial Assets for Sale	-65.7	-32.5	-124.0	-70.5	-45.4
Sale of Financial Assets for Sale	85.0	44.8	81.7	61.9	34.1
Bond & Notes under REPO Investment	-25.5	-34.6	6.3	0.0	-3.1
Financial Assets-Held to Maturity	-84.6	-39.1	-16.7	-13.1	-8.9
Sale of Financial Assets-HTM	83.3	38.9	25.3	8.3	6.2
Restricted Assets	4.9	1.8	0.1	0.8	1.6
Financial Assets-Cost Method	-	-	-1.1	-1.1	-
Sale of Financial Assets At Cost	-	-	3.8	3.7	-
LT Equity Investment Increase	0.0	-	-9.2	-17.6	-17.6
LT Equity Investment Decrease	0.0	-	0.5	0.5	0.5
Gain on Sales of Subsidiaries	-	0.0	5.3	4.1	-
Capital Reduction in Investee Company	0.3	-	0.8	0.8	0.8
Cash from Consolidation	0.0	-	-	-	-
Capital Expenditure&Real Estate&Leased A	-65.8	-16.3	-76.9	-60.7	-27.2
Disposal of Fixed Assets	-	-	-	6.0	-
Disposal of Fixed Assets&Real Estate	1.9	0.5	6.8	-	0.1
Operating Deposits & Settlement fund	-0.1	0.0	-0.1	-0.1	-0.1
Security Deposit Paid	0.0	0.0	0.1	0.1	0.1
Unamortised Expense	-	-0.1	-	-0.3	-
Intangible Assets	-0.3	0.0	-0.2	0.0	0.0
Due from the Central Bank and Other Bank	-96.8	-44.8	-2.5	21.4	48.9
Cash Discounted and Loans	-44.2	-27.2	-174.0	-87.1	-58.3
Deferred Charges	-0.1	-	-0.5	-	-0.3
Acquisition of Business	-	-	13.6	-	-
Products Deposits	-	-	2.8	-	-
Cash From Investing Activities	-207.5	-108.6	-257.9	-142.8	-65.6
Short Term Borrowings Increase	35.8	61.6	10.3	-	-
Short Term Borrowings Decrease	-	-	-	-24.2	-2.1
Long Term Borrowings	1.7	15.6	92.9	34.5	34.5
Bond & Notes under REPO Liability	1.5	-	-	41.4	27.3
Redemption of Corporate Bonds Payable	-	-	-63.5	-	-
Increase/Decrease in Securities under Re	-	3.2	54.7	-	-
Security Deposit Received	0.0	-0.1	-0.3	-0.1	-0.2
Cash Dividend	-	-	-10.7	-10.6	-
Cash Capital	43.8	43.5	-	-	-
Treasury Stock Transferred to Employees	-	-	3.0	1.5	1.5
Purchase of Treasury Shares	-0.7	-	-	-	-
Due from Banks and Central Bank	32.3	17.7	1.7	1.5	1.5
Deposits&Rem. Increase/Decrease	134.6	37.7	120.5	32.4	-11.6
Minority Interest	-6.9	0.1	13.1	7.5	-5.9
Cash From Financing Activities	242.1	179.2	221.8	83.9	45.1
Foreign Exchange Effects	-1.7	1.0	-1.9	1.4	2.6
Net Change in Cash	3.6	9.4	17.8	1.5	-4.1
Net Cash - Beginning Balance	100.9	100.1	75.4	74.4	74.5
Net Cash - Ending Balance	104.5	109.5	93.1	75.9	70.4
Cash Interest Paid	9.3	4.2	18.3	10.8	6.8
Cash Taxes Paid	5.8	1.5	5.4	3.8	1.9

Business Segments

Financials in: As Reported (mil)

Annual

External Revenue USD (mil)
	31-Dec-10		31-Dec-09		31-Dec-08		31-Dec-07		31-Dec-06
Fiber	365.8	30.1 %	275.0	30.4 %	317.0	31 %	322.9	33 %	316.1	37.6 %
Plastics	567.4	46.7 %	463.9	51.3 %	527.7	51.6 %	487.6	49.8 %	428.2	50.9 %
Finance & Securities	47.3	3.9 %	41.2	4.6 %	52.9	5.2 %	32.0	3.3 %	-	-
Photoelectric	133.7	11 %	81.1	9 %	28.9	2.8 %	-	-	-	-
Others	100.0	8.2 %	42.6	4.7 %	96.5	9.4 %	137.5	14 %	96.9	11.5 %
Segment Total	1,214.2	100 %	903.8	100 %	1,023.0	100 %	980.0	100 %	841.3	100 %
Consolidated Total	1,214.2	100 %	903.8	100 %	1,023.0	100 %	980.0	100 %	841.3	100 %
Exchange Rate: TWD to USD	31.497037		33.023867		31.543497		32.848802		32.525305
Total Revenue USD (mil)
	31-Dec-10		31-Dec-09		31-Dec-08		31-Dec-07		31-Dec-06
Fiber	365.8	30.1 %	275.0	30.4 %	317.0	31 %	322.9	33 %	316.1	37.6 %
Plastics	567.4	46.7 %	463.9	51.3 %	527.7	51.6 %	487.6	49.8 %	428.2	50.9 %
Finance & Securities	47.3	3.9 %	41.2	4.6 %	52.9	5.2 %	32.0	3.3 %	-	-
Photoelectric	133.7	11 %	81.1	9 %	28.9	2.8 %	-	-	-	-
Others	100.0	8.2 %	42.6	4.7 %	96.5	9.4 %	137.5	14 %	96.9	11.5 %
Segment Total	1,214.2	100 %	903.8	100 %	1,023.0	100 %	980.0	100 %	841.3	100 %
Consolidated Total	1,214.2	100 %	903.8	100 %	1,023.0	100 %	980.0	100 %	841.3	100 %
Exchange Rate: TWD to USD	31.497037		33.023867		31.543497		32.848802		32.525305

Operating Income/Loss USD (mil)
	31-Dec-10			31-Dec-09				31-Dec-07			31-Dec-06
Fiber	26.7	32.7 %		0.5			2.4 %	-2.2	-15.1 %		-18.1	15.2 %
Plastics	57.3	70.1 %		23.4			104.2 %	9.8	68.4 %		-4.0	3.3 %
Finance & Securities	7.6	9.3 %		5.5			24.3 %	6.1	42.4 %		-	-
Photoelectric	-5.7	-6.9 %		-8.6			-38.1 %	-	-		-	-
Others	-4.2	-5.1 %		1.6			7.2 %	0.6	4.3 %		-96.6	81.4 %
Segment Total	81.8	100 %		22.5			100 %	14.3	100 %		-118.7	100 %
Consolidated Total	81.8	100 %		22.5			100 %	14.3	100 %		-118.7	100 %
Exchange Rate: TWD to USD	31.497037			33.023867				32.848802			32.525305
Operating Margin (%)
			31-Dec-10			31-Dec-09			31-Dec-07		31-Dec-06
Fiber			7.3		-	0.2		-	-0.7	-	-5.7	-
Plastics			10.1		-	5.0		-	2.0	-	-0.9	-
Finance & Securities			16.1		-	13.3		-	18.9	-	-	-
Photoelectric			-4.3		-	-10.5		-	-	-	-	-
Others			-4.2		-	3.8		-	0.4	-	-99.7	-
Segment Total			6.7		-	2.5		-	1.5	-	-14.1	-
Consolidated Total			6.7		-	2.5		-	1.5	-	-14.1	-

Income Before Tax USD (mil)
	31-Dec-08
Fiber	-1.4		314.3 %
Plastics	0.7		-152.6 %
Finance & Securities	0.8		-169.8 %
Photoelectric	-25.5		5,610.9 %
Others	25.0		-5,502.8 %
Segment Total	-0.5		100 %
Consolidated Total	-0.5		100 %
Exchange Rate: TWD to USD	31.543497
Pre-Tax Margin (%)
		31-Dec-08
Fiber		-0.5		-
Plastics		0.1		-
Finance & Securities		1.5		-
Photoelectric		-88.2		-
Others		25.9		-
Segment Total		0.0		-
Consolidated Total		0.0		-

Total Assets USD (mil)
	31-Dec-10		31-Dec-09		31-Dec-08		31-Dec-07		31-Dec-06
Fiber	203.1	6.3 %	173.8	6.8 %	255.2	10.9 %	261.6	35.8 %	203.3	29.3 %
Plastics	266.9	8.3 %	205.8	8.1 %	204.5	8.7 %	362.8	49.7 %	254.1	36.7 %
Finance & Securities	52.9	1.6 %	36.6	1.4 %	33.5	1.4 %	32.3	4.4 %	-	-
Photoelectric	218.9	6.8 %	183.4	7.2 %	138.1	5.9 %	-	-	-	-
Others	2,474.7	76.9 %	1,949.2	76.5 %	1,712.4	73.1 %	74.0	10.1 %	235.4	34 %
Segment Total	3,216.5	100 %	2,548.7	100 %	2,343.8	100 %	730.7	100 %	692.9	100 %
Consolidated Total	3,216.5	100 %	2,548.7	100 %	2,343.8	100 %	730.7	100 %	692.9	100 %
Exchange Rate: TWD to USD	29.156500		31.985000		32.818000		32.434500		32.585000
Operating Return on Assets (%)
			31-Dec-10		31-Dec-09		31-Dec-07		31-Dec-06
Fiber			14.2	-	0.3	-	-0.8	-	-8.9	-
Plastics			23.2	-	11.7	-	2.7	-	-1.6	-
Finance & Securities			15.6	-	15.4	-	19.0	-	-	-
Photoelectric			-2.8	-	-4.8	-	-	-	-	-
Others			-0.2	-	0.1	-	0.8	-	-41.0	-
Segment Total			2.7	-	0.9	-	2.0	-	-17.1	-
Consolidated Total			2.7	-	0.9	-	2.0	-	-17.1	-

Business Segments

Financials in: As Reported (mil)

Interim

External Revenue USD (mil)
	30-Sep-11		30-Jun-11		31-Mar-11		30-Sep-10		30-Jun-10
Polyester	308.7	85.8 %	318.6	84.8 %	323.6	86.7 %	256.4	83 %	274.3	85.3 %
Finance & Securities	16.3	4.5 %	14.4	3.8 %	14.4	3.8 %	11.6	3.8 %	11.1	3.5 %
Photoelectric	34.8	9.7 %	42.6	11.3 %	35.1	9.4 %	37.6	12.2 %	37.2	11.6 %
Other	0.1	0 %	0.0	0 %	0.0	0 %	3.2	1 %	-1.0	-0.3 %
Segment Total	359.9	100 %	375.6	100 %	373.0	100 %	308.8	100 %	321.6	100 %
Consolidated Total	359.9	100 %	375.6	100 %	373.0	100 %	308.8	100 %	321.6	100 %
Exchange Rate: TWD to USD	29.146237		28.855204		29.305764		31.911435		31.824532
Total Revenue USD (mil)
	30-Sep-11		30-Jun-11		31-Mar-11		30-Sep-10		30-Jun-10
Polyester	308.7	85.8 %	318.6	84.8 %	323.6	86.7 %	256.4	83 %	274.3	85.3 %
Finance & Securities	16.3	4.5 %	14.4	3.8 %	14.4	3.8 %	11.6	3.8 %	11.1	3.5 %
Photoelectric	34.8	9.7 %	42.6	11.3 %	35.1	9.4 %	37.6	12.2 %	37.2	11.6 %
Other	0.1	0 %	0.0	0 %	0.0	0 %	3.2	1 %	-1.0	-0.3 %
Segment Total	359.9	100 %	375.6	100 %	373.0	100 %	308.8	100 %	321.6	100 %
Consolidated Total	359.9	100 %	375.6	100 %	373.0	100 %	308.8	100 %	321.6	100 %
Exchange Rate: TWD to USD	29.146237		28.855204		29.305764		31.911435		31.824532

Operating Income/Loss USD (mil)
	30-Sep-11			30-Jun-11			31-Mar-11			30-Sep-10		30-Jun-10
Polyester	9.9	62.8 %		20.5	77 %		25.3		86.8 %	28.4	74.2 %	27.0		109.7 %
Finance & Securities	3.4	21.6 %		3.5	13.2 %		3.6		12.5 %	1.9	5 %	3.0		12.2 %
Photoelectric	3.5	22 %		3.7	13.9 %		1.2		4.2 %	5.9	15.4 %	-3.6		-14.5 %
Other	-1.0	-6.4 %		-1.1	-4.2 %		-1.0		-3.5 %	2.1	5.4 %	-1.8		-7.3 %
Segment Total	15.7	100 %		26.7	100 %		29.2		100 %	38.3	100 %	24.6		100 %
Consolidated Total	15.7	100 %		26.7	100 %		29.2		100 %	38.3	100 %	24.6		100 %
Exchange Rate: TWD to USD	29.146237			28.855204			29.305764			31.911435		31.824532
Operating Margin (%)
			30-Sep-11			30-Jun-11			31-Mar-11		30-Sep-10		30-Jun-10
Polyester			3.2		-	6.4		-	7.8	-	11.1	-	9.9		-
Finance & Securities			20.8		-	24.4		-	25.3	-	16.6	-	27.0		-
Photoelectric			9.9		-	8.7		-	3.5	-	15.7	-	-9.6		-
Other			-983.7		-	5,842.6		-	-3,314.1	-	65.3	-	186.2		-
Segment Total			4.4		-	7.1		-	7.8	-	12.4	-	7.7		-
Consolidated Total			4.4		-	7.1		-	7.8	-	12.4	-	7.7		-

Total Assets USD (mil)
	30-Sep-11			30-Jun-11				31-Mar-11			30-Sep-10			30-Jun-10
Polyester	1,085.8	32 %		1,143.7		32.5 %		1,097.2		32.8 %	945.1	33.8 %		886.3		34.4 %
Finance & Securities	1,890.4	55.8 %		2,005.5		57.1 %		87.0		2.6 %	1,560.2	55.9 %		1,423.0		55.2 %
Photoelectric	277.4	8.2 %		285.1		8.1 %		2,084.4		62.4 %	253.4	9.1 %		229.0		8.9 %
Other	134.6	4 %		80.0		2.3 %		74.5		2.2 %	34.7	1.2 %		39.6		1.5 %
Segment Total	3,388.3	100 %		3,514.3		100 %		3,343.1		100 %	2,793.4	100 %		2,577.8		100 %
Consolidated Total	3,388.3	100 %		3,514.3		100 %		3,343.1		100 %	2,793.4	100 %		2,577.8		100 %
Exchange Rate: TWD to USD	30.475000			28.723500				29.406500			31.241500			32.131500
Operating Return on Assets (%)
			30-Sep-11				30-Jun-11			31-Mar-11		30-Sep-10			30-Jun-10
Polyester			0.9		-		1.8		-	2.3	-	3.1	-		3.0	-
Finance & Securities			0.2		-		0.2		-	4.2	-	0.1	-		0.2	-
Photoelectric			1.2		-		1.3		-	0.1	-	2.4	-		-1.5	-
Other			-0.7		-		-1.4		-	-1.4	-	6.1	-		-4.5	-
Segment Total			0.4		-		0.8		-	0.9	-	1.4	-		0.9	-
Consolidated Total			0.4		-		0.8		-	0.9	-	1.4	-		0.9	-

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.52.23
UK Pound	1	Rs.81.55
Euro	1	Rs.69.60

RATING EXPLANATIONS

RATING		STATUS	PROPOSED CREDIT LINE
>86	Aaa	Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums	Unlimited
71-85	Aa	Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums	Large
56-70	A	Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums	Fairly Large
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small
11-25	Ca	Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity	Limited with full security
<10	C	Absolute credit risk exists. Caution needed to be exercised	Credit not recommended
----	NB	New Business	----

This score serves as a reference to assess SC’s credit risk and to set the amount of credit to be extended. It is calculated from a composite of weighted scores obtained from each of the major sections of this report. The assessed factors and their relative weights (as indicated through %) are as follows:

Financial condition (40%) Ownership background (20%) Payment record (10%)

Credit history (10%) Market trend (10%) Operational size (10%)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.