UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549  FORM
10-Q   XQUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934  For
the quarterly period ended March 31, 2008  ___
TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF
1934 For the transition period
from ____ to ____   WORLDWIDE ENERGY AND MANUFACTURING USA, INC. (Exact
name of registrant as specified in its charter)  Colorado
0-31761
84-1536519(State or other jurisdiction of incorporation or
organization)
(Commission File Number)
(I.R.S. Employer Identification No.)1142 Cherry Avenue
San Bruno, CA  94066-6523(Address of principal executive
offices)  Registrants telephone number, including area code: (650) 794-9888  Indicate by check
mark whether the registrant is a large accelerated filer, an accelerated filer,
a non-accelerated filer, or a smaller reporting company.  See the
definitions of large accelerated filer, accelerated filer and smaller
reporting company in Rule 12b-2 of the Exchange Act.  Large Accelerated
Filer   o
                                                                     Accelerated
Filer   x Non-Accelerated
Filer   o (Do not check if a smaller reporting company) Smaller reporting
company   o  Indicate by check
mark whether the registrant is a shell company (as defined in Rule 12b-2 of the
Exchange Act). Yes___   No
_X_  Indicate the number
of shares outstanding of each of the issuer's classes of stock, as of the latest
practicable date.  Class of Securities
Shares Outstanding at May 30, 2007Common Stock, no par value
2,077,363   - 1 -    WORLDWIDE ENERGY AND MANUFACTURING USA, INC. AND
SUBSIDIARIES  CONDENSED CONSOLIDATED BALANCE SHEETS  March 31,

December 31,2008

2007(Unaudited)

(Audited)ASSETSCurrent
assets:Cash
and cash equivalents
$
2,503,130
$
2,111,825Accounts
receivables, net of allowances of $116,911 and $130,528,
respectively

5,908,853

3,275,024Inventories

2,114,009

2,333,148Income
tax receivable

93,767

82,131Advances
to suppliers

1,272,445

260,540Related
parties payables

31,685

30,422Prepaid
and other current assets

54,833

117,621Total current
assets

11,978,722

8,210,711Property, plant
and equipment, net

538,703

545,494Deposits paid
for investment

40,680

-Other
assets

6,636

6,636Total
assets
$
12,564,741
$
8,762,841LIABILITIES AND STOCKHOLDERS EQUITYCurrent
liabilities:Accounts
payable
$
5,217,080
$
2,453,317Lines
of credit

1,636,660

1,758,584Accrued
expenses

161,072

156,524Taxes
payable

81,027

78,637Current
portion of long-term debt

-

884Total current
liabilities

7,095,839

4,447,946Non-current
liabilitiesLoan
payable to stockholders

1,195,766

498,812Total
non-current liabilities

1,195,766

498,812Total
liabilities

8,291,605

4,946,758Stockholders
equityCommon
stock (No Par Value : 100,000,000 shares authorized;2,077,363
and 2,047,363 shares issued and outstanding, respectively)

380,746

270,746Accumulated
other comprehensive income

411,952

295,225Retained
earnings

3,480,438

3,250,112Total
stockholders equity

4,273,136

3,816,083Total
liabilities and stockholders equity
$
12,564,741
$
8,762,841   See
accompanying notes to condensed consolidated financial statements.   - 2 -    WORLDWIDE ENERGY AND MANUFACTURING USA, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE
INCOME (UNAUDITED)  For The Three Months EndedMarch 31,2008

2007RevenueRegular sales, net of returns of $0
in 2008 and $0 in 2007
$
5,404,083
$
2,786,799Cost of goods sold

(4,239,033)

(2,042,449)Gross profit

1,165,050

744,350Operating ExpensesOther selling, general and
administrative expenses

701,085

524,031Stock based compensation
expense

110,000

-Management and professional fees
paid to stockholders-Note 10

80,320

31,500Depreciation

3,972

8,919Total operating expenses

895,377

564,450Net operating income

269,673

179,900Other Income (expenses)Interest income

1,137

693Interest expenses

(34,441)

(23,740)Interest expense paid to
stockholders (Note 10)

(17,446)

-Exchange loss

-

(39,542)Total other expenses

(50,750)

(62,589)Net income before income taxes

218,923

117,311Income taxes benefit/
(expense)

11,404

(13,295)Net income

230,327

104,016Other comprehensive incomeForeign currency
translation

98,423

(16,296)Comprehensive income
$
328,750
$
87,720Earnings per share
$
0.11
$
0.05Weighted average shares
outstanding

2,069,863

2,030,863   See
accompanying notes to the condensed consolidated financial statements.  - 3 -    WORLDWIDE ENERGY AND MANUFACTURING USA, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CASH FLOWS(UNAUDITED) For The Three Months EndedMarch 312008

2007Cash flows from operating activitiesNet income
$
230,327
$
104,016Adjustments to reconcile net income to net cash
used in operating activities:Depreciation

27,830

41,507Allowance for bad debts

(20,000)

-Stock based compensation
expense

110,000

-Changes in operating assets and liabilities:Accounts receivable

(2,543,985)

(265,407)Inventories

240,934

25,244Income tax receivable

(10,974)

282Loan receivable-affiliate

-

(3,490)Advances to suppliers

(987,203)

38,375Prepaid and other current
assets

98,312

(48,051)Accounts payable

1,826,234

(992,846)Accrued expense

(12,028)

53,849Income tax payable

(19,344)

6,135Receipt in advance

-

35,854Net cash used in operating activities

(1,059,897)

(1,004,532)Cash flows from investing activitiesLoan to related
parties

(25,987)

-Capital expenditure

(26,570)

(125,813)Deposits paid for investment in
subsidiaries

(40,680)

-Net cash used in investing activities

(93,237)

(125,813)Cash flows from financing activitiesRepayment of  loan

-

(616,852)Proceeds / repayment of
stockholders loan

1,606,954

(51,999)Principal payments on long term
debt

(884)

(691)Proceeds / repayment from lines
of credit

(116,962)

602,947Proceeds from long term
note

-

300,000Net cash flows provided by financing
activities:

1,489,108

233,405Effect of exchange rate changes on cash

55,331

(16,296)Net increase (decrease) in cash

391,305

(913,236)Cash- beginning of period

2,111,825

1,439,801Cash- end of period
$
2,503,130
$
526,565Supplemental disclosure of non cash investing and
financing activities:Stock based compensation
expense
$
110,000
$
-Interest paid in cash
$
51,887
$
23,750Income taxed paid in cash
$
-
$
13,295 See
accompanying notes to the condensed consolidated financial statements  - 4 -


WORLDWIDE ENERGY AND MANUFACTURING USA, INC. AND
SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)  1. MANAGEMENT'S
REPRESENTATION OF INTERIM FINANCIAL INFORMATION  The
accompanying financial statements have been prepared by Worldwide Energy and
Manufacturing USA, Inc. without audit pursuant to the rules and regulations of
the Securities and Exchange Commission.  Certain information and
disclosures normally included in financial statements prepared in accordance
with generally accepted accounting principles have been condensed or omitted as
allowed by such rules and regulations, and management believes that the
disclosures are adequate to make the information presented not misleading.
 These financial statements include all of the adjustments, which in the
opinion of management are necessary to a fair presentation of financial position
and results of operations.  All such adjustments are of a normal and
recurring nature. Interim results are not necessarily indicative of results for
a full year. These financial statements should be read in conjunction with
the audited financial statements at December 31, 2007 as filed in the Company
Form 10-KSB filed with the Commission on April 15, 2008.  2. SIGNIFICANT
ACCOUNTING POLICIES  This
summary of significant accounting policies of the Company is presented to assist
in understanding the Companys financial statements.  The financial
statements and notes are representations of the Companys management, which is
responsible for their integrity and objectivity. These accounting policies
conform to generally accepted accounting principles and have been consistently
applied in the preparation of the financial statements.  Description
of Business  Worldwide Energy and Manufacturing USA, Inc. (Worldwide, the
Company) is a manufacturing engineering firm and international contract
manufacturer, using factories in China.  Worldwide provides services to
several companies in the United States and European markets, primarily in the
solar, aerospace, automotive, and electronics industries.  Worldwide
employs thirty-three (33) staff engineers through its wholly owned subsidiary,
Shanghai Intech Electro-Mechanical Products Co., Ltd. (Intech).  Intech
provides technical advisory, design, delivery, material procurement, and
manufacturing quality control services.  Worldwide uses its engineers to
write the production and inspection procedures, manages the production process,
and conducts quality control audits as well as in-progress and final inspections
of the customers products.  On
September 30, 2003, the Company, formerly known as Tabatha III, Inc., acquired
all of the issued and outstanding common stock of Worldwide Energy and
Manufacturing USA, Inc. (Worldwide USA), a privately held operating company, in
a share exchange transaction.  The Company issued 27,900,000 shares in the
share exchange transaction for 100%, or 10,000 shares, of the issued and
outstanding shares of Worldwide USAs common stock.  Immediately prior to
the acquisition, 10,762,000 shares of stock had been outstanding, and as part of
the acquisition arrangement, certain shareholders of Tabatha III, Inc. agreed to
surrender for cancellation a total of 8,662,000 common shares held by them.
 Total shares outstanding after the Worldwide USA acquisition were
30,000,000.  As a result of the share exchange transaction, Worldwide USA
became a wholly-owned subsidiary of the Company.  The parent company,
Tabatha III, Inc., changed its name to Worldwide Manufacturing USA, Inc. in
November, 2003. On February, 25, 2008 the company changed its name from
Worldwide Manufacturing USA, Inc. to Worldwide Energy and Manufacturing USA,
Inc. to focus on the renewable, clean energy sector.


- 5 -


2. SIGNIFICANT
ACCOUNTING POLICIES (CONTINUED)  The
former stockholders of Worldwide USA acquired a majority of the issued and
outstanding common stock as a result of the share exchange transaction.
 The transaction has been accounted for as a recapitalization of Worldwide
USA, whereby Worldwide USA is the accounting acquirer.  The accompanying
financial statements reflect the financial position and operating results of the
Company for all periods presented.  On May
18, 2005, the Company formed a new company called Changchun Chengde Automobile
Air-Conditioner Co., Limited which is the manufacturer of automobile
air-conditioners. On November 14, 2005, the Company formed another company
called Shanghai Intech Precision Machinery Co., Ltd. which is engaged in the
manufacturing and trading of equipments. On February 2, 2007, the Company formed
another company called Shanghai Shutai Intech Precision Machinery Co., Ltd. All
those companies are the wholly owned subsidiaries of Worldwide Energy and
Manufacturing USA, Inc.  Principles
of Consolidation  The
accompanying financial statements include Worldwide Energy and Manufacturing
USA, Inc., a Colorado corporation (formerly Tabatha III, Inc.) and a public
company, its operating subsidiary, Worldwide USA, a California corporation, and
three subsidiary companies owned by Worldwide USA.  Intercompany
transactions have been eliminated in consolidation.  Property and equipment  Property and equipment are stated at historical cost and are
depreciated over the useful lives of the assets. Depreciation is computed
primarily using the straight-line method based on estimated useful lives, which
range from 3 to 25 years.  Impairment of Long-lived Assets  Long-lived tangible assets and definite-lived intangible assets
are reviewed for possible impairment whenever events or changes in circumstances
indicate that the carrying amount of such assets may not be recoverable. The
Company uses an estimate of undiscounted future net cash flows of the assets
over the remaining useful lives in determining whether the carrying value of the
assets is recoverable. If the carrying values of the assets exceed the expected
future cash flows of the assets, the Company recognizes an impairment loss equal
to the difference between the carrying values of the assets and their estimated
fair values. Impairment of long-lived assets is assessed at the lowest levels
for which there are identifiable cash flows that are independent from other
groups of assets. The evaluation of long-lived assets requires the Company to
use estimates of future cash flows. However, actual cash flows may differ from
the estimated future cash flows used in these impairment tests.  Inventories  Inventories consist of finished goods of manufactured products.
 Cost is stated at the lower of cost or market on a first-in, first-out
(FIFO) basis.  The Company has not recorded an allowance for slow-moving or
obsolete inventory.  Obsolete inventory at March 31, 2008 and December 31,
2007 was minimal.


- 6 -


2. SIGNIFICANT
ACCOUNTING POLICIES (CONTINUED)  Revenue
Recognition  The
Company recognizes revenues in accordance with the guidelines of the Securities
and Exchange Commission (SEC) Staff Accounting Bulletin (SAB) No. 104
Revenue Recognition.  The Company recognizes revenue from product sales
when the orders are completed and shipped, provided that collection of the
resulting receivable is reasonably assured.  Amounts billed to customers
are recorded as sales while the shipping costs are included in cost of sales.
Returns on defective custom parts may only be exchanged for replacement parts
within 30 days of the invoice date.  Returns on defective catalogue parts,
which can be resold, may be exchanged for replacement parts or for a refund.
 Revenue from non-refundable customer tooling deposits is recognized when
the materials are shipped or when the deposit is forfeited, whichever is
earlier.  Repairs
and Maintenance  Repairs
and maintenance of a routine nature are charged as incurred to operations, while
those that extend or improve the life of existing assets are capitalized.  Income
Taxes  The
Company uses the liability approach to financial accounting and reporting for
income taxes.  The differences between the financial statement and tax
bases of assets and liabilities are determined annually.  Deferred income
tax assets and liabilities are computed for those differences that have future
tax consequences using the currently enacted tax laws and rates that apply to
the period in which they are expected to affect taxable income.  Valuation
allowances are established, if necessary, to reduce deferred tax asset accounts
to the amounts that will more likely than not be realized.  Income tax
expense is the current tax payable or refundable for the period, plus or minus
the net change in the deferred tax asset and liability accounts.  The
September 30, 2003 recapitalization of the Company qualifies as a reverse
acquisition under Section 1.1502-75(d)(3) of the Internal Revenue Code.
 Prior to this date, the stockholders of the Company had elected for it to
be taxed as a Subchapter S corporation.  Subsequent to the
recapitalization, the Company filed a consolidated tax return.  Intangibles  Patent
costs and other identifiable intangibles are capitalized and generally amortized
over useful lives of 15 years or less.  Effective in 2001, goodwill is
assessed for impairment annually and is not amortized.  Research
and Development  The
Company expenses the cost of research and development as incurred.  No
research and development costs were charged to operations during 2008 or 2007.


- 7 -


2. SIGNIFICANT
ACCOUNTING POLICIES (CONTINUED)  Cash
and Cash Equivalents  For
purposes of the statement of cash flows, the Company considers all highly liquid
debt instruments purchased with a maturity of three months or less to be cash
equivalents.  Non-Cash
Equity Transactions  Shares
of other equity instruments issued for non-cash consideration are recorded at
the fair value of the consideration received, or at the value of the stock
given, considered in reference to contemporaneous cash sale of stock.  Estimates  The
preparation of financial statements in accordance with accounting principles
generally accepted in the United States of America requires management to make
estimates and assumptions that affect the amounts of assets and liabilities, as
well as footnote disclosures included in the financial statements and
accompanying notes.  Actual results may differ from those estimates and
such differences may be material to the financial statements.  The more
significant estimates include:  useful lives and residual values of fixed
assets, fair market values of inventory, goodwill and intangible impairment
tests, reserves for warranty, returns, and product liability losses, and credits
losses.  Accounting
Method  The
Companys financial statements are prepared using the accrual method of
accounting.  Foreign
Currency Transactions and Translation  Transaction gains and losses result from a change in exchange
rates between the functional currencies in which a foreign currency transaction
is denominated.  They represent an increase or decrease in (a) the actual
functional current cash flows realized upon settlement of foreign currency
transactions and (b) the expected functional currency cash flows on unsettled
foreign currency transactions.  All transaction gains and losses are
included in other income or expense.  For all years presented, sales to
customers were primarily denominated in U.S. dollars.  Assets
and liabilities of Intech are translated into U.S. dollars at the prevailing
exchange rate in effect at each period end.  Revenue and expenses are
translated into U.S. dollars at the average exchange rate during the reporting
period.  Contributed capital is translated into U.S. dollars at the
historical exchange rate when capital was injected.  Any difference
resulting from using the current rate, historical rate, and average rate in
determination of retained earnings is accounted for as a translation adjustment
and reported as part of comprehensive income or loss in the equity section.
 Exchange differences are recognized in the income statement in the period
in which they occur.  Fair
Value of Financial Instruments  Unless
otherwise indicated, the fair value of all reported assets and liabilities,
which represent financial instruments (none of which are held for trading
purposes), approximate the carrying values of such instruments.  At March
31, 2008 and December 31, 2007, both short and long-term receivables in the
amounts of $3,047,155 and $2,543,951, respectively, were pledged as collateral
in connection with bank loans.


- 8 -


2. SIGNIFICANT
ACCOUNTING POLICIES (CONTINUED)  Compensated
Absences  Employees of the Company are entitled to be compensated for
absences depending on job classification, length of service, and other factors.
 At March 31, 2008 and 2007, the minimal amounts unused by employees could
not be estimated, and accordingly, no provision is recorded.   Concentrations,
Risks, and Uncertainties  The
Company did not have concentration of business with suppliers constituting
greater than 10% of the Companys gross sales during 2008 while the companys
two largest suppliers comprised 5% of its manufacturing cost during 2007.  The Companys customers in the aerospace,
telecommunications, automotive, and electronics industries comprised the
majority of its sales in 2007.  These four industries counted for 60% of
the Companys sales in 2007.  In the first quarter of 2008, 47% of the
company's business was in the renewable energy industry.  As part
of the production process, the Company may be required by its suppliers to
advance funds under short-term agreements for tooling and other pre-production
costs.  The loans are generally unsecured and may carry interest at the
prevailing market rate for short-term instruments.  Such tooling is in most
cases owned by the suppliers, and is a value primarily for the specific needs of
the Companys customers.  The Company in turn requires its customers to
provide a non-refundable down payment to cover such startup costs.  In the
event that a supplier is unable to fulfill its production agreements with the
Company, management believes that other suppliers can be found for the Companys
products.  However, a change in suppliers would cause a delay in the
production process, and could result in loss of tooling deposits and other
supplier advances, which could negatively affect the Companys operating
results.  At March 31, 2008 and December 31, 2007, the balance of advances
owed to the Company is $1,272,445 and $260,540, respectively.  The
Company sells its goods and services internationally, although the majority of
its revenue is derived from customers in the United States and Europe.  As
such, the Company is susceptible to credit risk on accounts and notes receivable
from customers in that region.  Additionally, a significant portion of the
Companys U.S. customers consists of entities in the aerospace industry, which
has proven to be sensitive to swings in the economic cycle.  Generally, the
Company does not obtain security from its customers in support of accounts
receivable.  Stock
Based Compensation  The
Company will account for employee stock option plans under the intrinsic value
method prescribed by Accounting Principles Board Opinion No. 25, Accounting
for Stock Issued to Employees, and has adopted the disclosure only
provisions of Statement of Financial Accounting Standards No. 123,
Accounting for Stock-Based Compensation(SFAS 123).  The Company
accounts for equity instruments issued to non-employees in accordance with the
provisions of SFAS No. 123 and Emerging Issues Task Force No. 96-18,
Accountingfor Equity Instruments that are Issued to Other than Employees
for Acquiring, or in Conjunction with Selling Goods and Services.


- 9 -


2. SIGNIFICANT
ACCOUNTING POLICIES (CONTINUED)  Earnings
Per Share  The
Company adopted Statement of Financial Accounting Standard No. 128, Earnings
per Share (SFAS No. 128"), which is effective for annual periods ending after
December 15, 1997.  Earnings per share (EPS) are computed based on the
weighted average number of shares actually outstanding.   For the Three
Months Ended
March 31, 2008
March 31, 2007Weighted
average number of common shares used
2,069,863
2,030,863  Recent Accounting Pronouncements  SFAS
No. 141 (revised 2007), Business Combinations
(SFAS 141R)  In
December 2007, the FASB issued SFAS No. 141 (revised 2007), Business
Combinations (SFAS 141R). SFAS 141R establishes principles and
requirements for how an acquirer recognizes and measures in its financial
statements the identifiable assets acquired, the liabilities assumed, any
noncontrolling interest in the acquiree and the goodwill acquired.
SFAS 141R also establishes disclosure requirements to enable the evaluation
of the nature and financial effects of the business combination. This statement
is effective for the Company beginning January 1, 2009. The Company is
currently evaluating the potential impact of the adoption of SFAS 141R on
its consolidated financial position, results of operations or cash flows.  SFAS
No. 160, Noncontrolling Interests in Consolidated Financial
Statementsan amendment of Accounting Research Bulletin No. 51 -  In
December 2007, the FASB issued SFAS No. 160, Noncontrolling Interests in
Consolidated Financial Statementsan amendment of Accounting Research Bulletin
No. 51 (SFAS 160). SFAS 160 establishes accounting and
reporting standards for ownership interests in subsidiaries held by parties
other than the parent, the amount of consolidated net income attributable to the
parent and to the noncontrolling interest, changes in a parents ownership
interest, and the valuation of retained noncontrolling equity investments when a
subsidiary is deconsolidated. SFAS 160 also establishes disclosure
requirements that clearly identify and distinguish between the interests of the
parent and the interests of the noncontrolling owners. This statement is
effective for the Company beginning January 1, 2009. The Company is
currently evaluating the potential impact of the adoption of SFAS 160 on
its consolidated financial position, results of operations or cash flows.  3. COMMITMENTS AND CONTINGENCIES  The
Company leases its office spaces and certain vehicles under non-cancelable
operating leases.  The Worldwide office lease requires increasing annual
payments plus a share of operating costs.  Minimum future rental payments
under non-cancelable operating leases with remaining terms in excess of one year
as of December 31, 2007, in the aggregate and for each of the five succeeding
fiscal years are as follows:


- 10 -


Year ended
December, 312008
$
137,665.552009

203,298.732010

154,195.882011

131,660.002012

135,610.00Total minimum
future rental payment
$
762,430.16  Total
rent and lease expense was $42,274 and $31,736 as of March 31, 2008 and 2007,
respectively.   4. ACCOUNTS RECEIVABLE  Accounts receivable by major categories are summarized as
follows:  March 31, 2008Accounts
Receivable  pledged to banks


$
3,047,155Accounts
Receivable  others



2,978,6096,025,764Less:
allowances for doubtful accounts



116,911Total


$
5,908,853  Under
the terms of a revolving line of credit agreement with Golden Gate Bank
indicated in note 7, the revolving line of credit is secured by 75% of accounts
receivable and all business assets of the company and guaranteed by its
officers.  Concentrations in Accounts Receivable - At March 31, 2008, one
customer accounted for more than 10% of the Companys accounts receivable, with
total amounts of $2,497,855, representing 62% of total accounts receivable in
aggregate. At March 31, 2007, one customer accounted for more than 10% of the
Companys accounts receivable, with total amounts of $322,424, representing 28%
of total accounts receivable in aggregate  5. INVENTORIES  Inventories by major categories are summarized as follows:  March 31, 2008Raw
materials


$
13,662Work in
progress



174,955Finished
goods



1,323,115Finished goods  pledged to the bank (refer to note
7)



621,1782,132,910Less:
allowances for slowing moving items



-Total


$
2,132,910


- 11 -


6. PROPERTY AND EQUIPMENT Property and equipment, which is located in the USA and PRC,
consisted of the following at March 31, 2008: March 31, 2008Vehicles


$
174,663Furniture & fixtures



77,523Equipment



726,060Software



35,4611,013,707Less: accumulated depreciation



(476,168)Total


$
538,703  7. SHORT TERM LOAN  As of
March 31, 2008, the Company has the following line of credit:  Banker
Loan
period
Interest
rate
Secured
by

2007(1) Golden
State Bank
3/2/2007-3/5/2008
WallStreet
journal prime + 0.5%
75% accounts
receivable + 40% inventory
$
1,120,000(2) Golden
State Bank
3/2/2007-9/5/2011
WallStreet
journal prime + 0.5%
-

516,660$
1,636,660  The
Company established two new credit facilities with Golden State Bank, a division
of Greater Bay Bank NA. Under the terms of a revolving line of credit agreement
with Golden Gate Bank dated February 3, 2007, the Company could borrow up to
$1,500,000 at 0.5% above the reported World Street Journal Prime through May 3,
2008.  Funds from these borrowings may be used for any purpose.  The
revolving line of credit is secured by all business assets of the company and
guaranteed by its officers. On March 31, 2008 the amount used on the line of
credit was $1,120,000.  The
other bank facility from Golden State Bank is financed up to the limit of
$750,000, with interest at 0.5% above the reported World Street Journal Prime
with loan term of 54 months from February 3, 2007 to May 9, 2011, secured by the
assets of the company and guaranteed by its officers.  On March 31, 2008
the amount used on the line of credit was $516,660. The total amount used on the
credit lines described above is $1,636,000.


- 12 -


8. STOCK
TRANSACTION  On January 1, 2008, the Company issued 10,000 shares of its common
stock to consultants and 20,000 shares of its common stock to an employee,
valued at $110,000, fair value, which is reflected in stock based compensation
expense. In addition, the Companys stock symbol changed from WWMU to WEMU
in the first quarter of 2008 to better reflect the company's change in focus to
the renewable clean energy sector.   9. PENSION
PLAN AND STOCK OPTION PLAN  The
Company established a SEP plan for the benefit of all full-time employees.
 Contributions to the plan are limited to a statutory amount per employee.
 No contributions were made for 2005 or 2006.  The Company also
established a stock option plan for its employees on April 1, 2004.  The
Company approved the plan to issue up to 300,000 shares of common stock.
 The stock option plan provides employees, consultants and directors the
opportunity to purchase shares.  The exercise price of an incentive stock
option granted under this plan must be equal to or greater than the fair market
value of the shares of the Companys common stock on the date the option is
granted.  The exercise price of a non-qualified option granted under this
plan must be equal to or greater than 85% of the fair market value of the shares
of the common stock on the date the option is granted.  An incentive stock
option granted to an optionee owning more than 10% of the voting stock must have
an exercise price equal to or greater than 110% of the fair market value of our
common stock on the date the option is granted. On April 1, 2004, the Board
granted options to purchase 109,213 shares at an exercise price of $6.00 per
share.   10. RELATED PARTY TRANSACTIONS  The Company paid
wages in the amount of $80,320 to certain stockholders, who are also members of
the Board of Directors, as of March 31, 2008.  Jimmy
and Mindy Wang, who are principal stockholders, executive officers and members
of the Board of Directors of the Company, have advanced funds to the Company for
working capital purposes.  At March 31, 2008, the Company owed Jimmy and
Mindy Wang $1,195,766.  The advances are interest bearing at 8% per annum,
with a default interest rate of 10%. All unpaid amounts on this note are due in
full on January 1, 2010.  The Company paid cash in the amount of $17,446
for interest expense to Mr. and Mrs. Wang for the three months ended March 31,
2008.


- 13 -


11. OPERATING
RISK  Interest rate risk  The
interest rates and terms of repayment of bank and other borrowings from
stockholders are disclosed in Note 5 and Note 8. Other financial assets and
liabilities do not have material interest rate risk.  Credit risk  The
Company is exposed to credit risk from its cash in bank and bills and accounts
receivable.  The credit risk on cash in bank is limited because the
counterparties are recognized financial institutions.  Bills and accounts
receivable are subjected to credit evaluations.  An allowance has been made
for estimated irrecoverable amounts which have been determined by reference to
past default experience and the current economic environment.  Foreign currency risk  Most of
the transactions of the Company were settled in Renminbi, U.S. dollars and
Euros.  Thus, the company has significant foreign currency risk exposure.  Companys operations are substantially in foreign countries  Substantially all of the Companys products are manufactured in
China. The Companys operations are subject to various political, economic, and
other risks and uncertainties inherent in China. Among other risks, the
Companys operations are subject to the risks of restrictions on transfer of
funds; export duties, quotas, and embargoes; domestic and international customs
and tariffs; changing taxation policies; foreign exchange restrictions; and
political conditions and governmental regulations   12. SEGMENT
INFORMATION  The
Companys operations are classified into four principal reportable segments that
provide different products or services.  Worldwide USA purchases and sells
manufactured goods from China procured by its subsidiary, Shanghai Intech
Electro-Mechanical Products Co., Ltd. (Intech Electro).  Intech Electro
provides technical advisory, design, delivery, material procurement, and
manufacturing quality control services.  Separate management of each
segment is required because each business unit is subject to different
marketing, production, and technology strategies, and because of the geographic
location of each entity. Changchun Chengde
Automobile Air-Conditioner Co., Limited (Changchun Changde) sells automobile
air-conditioners while Shanghai Intech Precision Machinery Co., Ltd. sells
equipment.


- 14 -


Segmental
Data  2008 Reportable Segments (amounts
in thousands) WWMUSA

IntechElectro

ChangchunChengde

IntechPrecision

Shutai
Precision

TotalExternal
revenue
4,391

114

13

872

14

5,404Intersegment
revenue
-

1,152

-

-

-

1,152Interest
income
1

-

-

-

-

1Interest
expense
30

-

-

-

5

35Depreciation
under administrative expenses
4

-

-

-

-

4Net profit
after tax
145

34

9

19

(7)

203
(1)AssetsExpenditures
for long-lived assets
6

12

-

-

9

27  (1)
$30,265 in inter-company profit was eliminated in consolidation.  Segmental
Data  2007 Reportable Segments (amounts
in thousands)  WWMUSA

IntechElectro

ChangchunChengde

IntechPrecision

TotalExternal
revenue
2,171

34

123

459

2,787Intersegment
revenue
-

1,306

-

-

1,306Interest
income
1

-

-

-

1Interest
expense
24

-

-

-

24Depreciation
under administrative expenses
4

4

1

1

10Net profit
after tax
4

41

4

36

104
(1)AssetsExpenditures
for long-lived assets
-

2

-

124

126  (1)
$(18,220) in inter-company profit was eliminated in consolidation.   13. SUBSEQUENT
EVENT  On
February 25, 2008, the company changed its name from Worldwide Manufacturing
USA, Inc to Worldwide Energy and Manufacturing USA, Inc. to reflect the
company's new focus.  Accordingly, the stock symbol changed from "WWMU" to
"WEMU".  Changchun Chengde Automobile Air-Conditioner Co., Limited, the
Company's wholly owned air-condition factory that makes units for small trucks
will be closed in May 2008.  The revenue for Chengde was $267,000 for
December 31, 2007 with no profit.  In the first quarter of 2008, the
revenues were $13,626, with no net profit.


- 15 -


ITEM
 2. MANAGEMENTS
DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS  DISCLAIMER REGARDING
FORWARD LOOKING STATEMENTS  Certain
statements in this Form 10-Q, which are not statements of historical fact, are
what are known as "forward-looking statements," which are basically statements
about the future. For that reason, these statements involve risk and uncertainty
since no one can accurately predict the future. Words such as "plans,"
"intends," "hopes," "seeks," "anticipates," "expects," and the like, often
identify such forward looking statements, but are not the only indication that a
statement is a forward-looking statement. Such forward-looking statements
include statements concerning our plans and objectives with respect to our
present and future operations, and statements which express or imply that such
present and future operations will or may produce revenues, income or profits.
These and other factors may cause our actual results to differ materially from
any forward-looking statement.  We caution you not to place undue reliance
on these forward-looking statements.  Although we base these
forward-looking statements on our expectations, assumptions, and projections
about future events, actual events and results may differ materially, and our
expectations, assumptions, and projections may prove to be inaccurate. The
forward-looking statements speak only as of the date hereof, and we expressly
disclaim any obligation to publicly release the results of any revisions to
these forward-looking statements to reflect events or circumstances after the
date of this filing.  Overview  We
are an engineering, contract manufacturing and direct manufacturing company,
primarily servicing United States-based companies that outsource their smaller
scale production orders for offshore production in China. From our inception in
1993 until 2005, we were strictly an intermediary or middle man, working with
our customers and our subcontractors to assure that our customers received high
quality components on a timely basis that fulfilled their specific needs. While
we still subcontract a significant portion of our business, since 2005, we have
begun the transition to becoming a direct contract manufacturer, operating
several of our own factories.  We
feel that as a contract manufacturer, we are constrained in our growth for a
number of reasons. Many Fortune 500 and other large companies either cannot, or
choose not, to work with contract manufacturers preferring to go directly to the
source that can manufacture the product and thereby avoid the additional expense
of the middleman. This is particularly true for very large orders, where the
added cost of the middleman can have a material impact on the customers bottom
line. As a result, our revenues have for the most part, but not entirely, been
limited to smaller scale production orders primarily (but not entirely) placed
by companies that are not among the largest companies in the United States or
elsewhere. Additionally, as a middleman we must share any potential gross profit
with the subcontracting factory. Therefore, our customers are generally smaller,
the orders they place are generally smaller and the income and profit we can
generate from those orders is of necessity limited because we are not directly
manufacturing the products. On the other hand, when we subcontract the actual
manufacturing of our customers products and components, we do not need to hire
factory employees, purchase materials, purchase and maintain manufacturing
equipment or incur the costs of the manufacturing facilities. To some extent,
these costs are built into the price charged by our subcontractors, but if we do
not place orders, we do not incur those costs.  Our
management has carefully considered these factors and during 2004 made the
strategic decision to move our company away from our historical complete
reliance on subcontractors. At the beginning of 2005 we did not own any of our
own factories and used as our suppliers of materials and labor approximately 100
factories in China, mostly in Shanghai or the surrounding area. During the first
quarter of 2005, we acquired the assets of Chengde, a factory that manufactures
automobile air conditioning units, and in the fourth quarter of 2005, we
established a die-casting and machining factory


- 16 -


through leasing an
existing facility from a former vendor and initially invested approximately
$500,000 to upgrade the equipment and manufacturing buildings. In these
transactions we acquired assets, the expertise of the employees, the managers of
the factories, and a portion of the existing customers of those factories. In
the third quarter of 2005, we also established an electronics manufacturing
factory. As a result, as of March 31, 2008, we own and operate three factories
that we now use for the manufacture of certain product lines that we
historically had to subcontract, and we are using the services of approximately
40 subcontractors to manufacture those product lines for which we do not have
our own manufacturing capabilities.  In January, 2008 we established an
Energy Division that focuses on solar modules and the development of our brand..
The establishment of these factories, including asset purchases and factory
upgrades, was funded primarily by loans from Jimmy and Mindy Wang, our principal
stockholders and executive officers, as well as increased lines of credit. Our
credit line increased to $2.25 million with Golden Gate Bank from a $650,000
line with Wells Fargo. In the future, we expect to continue to acquire or
newly-establish factories that will give us the capability to manufacture those
product lines our management believes are the most profitable.  With
the continuing transition into direct manufacturing and the renewable energy
field, we expect to continue to increase sales outside the United States, and in
particular, increase the number of customers in PRC, other Asian markets and
Europe. Our costs to establish and improve these factories will increase along
with sales and profits.  Through
the development of our product mix, which consists of foundry, machining and
stamping, electronics and fiber optics products lines, our business has become
more diverse. In the past, foundry and machining and stamping accounted for more
than 90% of our business. This percentage has decreased since forming our own
factories now representing approximately 80% of our business. The electronics
product lines now account for approximately 16% of our business as compared to
approximately 6% in 2005.  Fiber optics remains steady at approximately 4%
of our business.  Generally, our operating results have been,
and will continue to be, affected by a number of factors, including the
following:  
our customers
may cancel or delay orders or change production quantities;
our operating
results vary significantly from period to period due to the mix of the
manufacturing services we are providing, the number and size of new
manufacturing programs, the degree to which we utilize our manufacturing
capacity, seasonal demand, shortages of components and other
factors;
integration of
acquired businesses and facilities; and
managing growth
and changes in our operations. We also are subject to other risks, including
risks associated with operating in foreign countries, changes in our tax rates,
and fluctuations in currency exchange rates.  Results of
Operations  Net
sales for the three months ending March 31, 2008 were $5,404,083 compared to net
sales of $2,786,799 for the same period in 2007. This increase of $2,617,284, or
approximately 93.9%, was the result of an increase in orders in our energy
division where we engage in the contract manufacturing of solar modules.
 The company will continue to focus its efforts in the energy division
where we feel that there will be continued strong demand in renewable, clean
energy.


- 17 -


Gross
profit increased by $420,700, or approximately 56.5% from $744,350 in the
quarter ending March 31, 2007 to $1,165,050 for the quarter ending March 31,
2008 reflecting sales in the energy division. Cost
of goods sold for the three months ended March 31, 2007 was $4,239,033 compared
to $2,042,449 for the same period in 2007.  The increase of $2,196,584 or
approximately 107.5% was the result of greater revenues in the energy division.  The
gross margin declined 5.1% as the company utilized more sub-contractors for
production of our solar modules from 26.7% gross margin in March, 31, 2007 to
approximately 21.6% for the three months ending March 31, 2008.  Net
income before tax for the three months ending March 31, 2008 was $218,923
compared to a profit of $117,311 for the three months ended March 31, 2007. The
increase of $101,612 or approximately 86.6% was the result of new orders for our
energy division. Additionally, there was a non-cash deduction of $110,000 for
stock based compensation.  General
and administration expenses for the three months ended March 31, 2008, totaled
$701,085 compared to $524,031 in the same quarter in 2007. The increase of
$177,054 or approximately 33.8% was due to the establishment of our energy
division. LIQUIDITY Historically, we have funded our operations and supported our
growth with cash provided by our net income, loans from Jimmy and Mindy Wang,
our principal stockholders and the revolving line of credit with Golden Gate
Bank and previously Wells Fargo Bank.  On March 16, 2007 the Company paid
off its line of credit with Wells Fargo in the amount of $602,947 and
established a new credit facility with Golden Gate Bank, a division of Greater
Bay Bank NA. Under the terms of a revolving line of credit agreement with Golden
Gate Bank dated February 14, 2007, the Company could borrow up to $2,250,000 at
0.5% above the reported World Street Journal Prime through February 14,
2008. Funds from these borrowings may be used for any purpose.  The
revolving line of credit is secured by the assets of the company and guaranteed
by its officers.On March 31, 2008 the
amount used on the line of credit was $1,636,660.  At
March 31, 2008 there is $613,340 still available at an interest rate of 6.5%. In
addition, net profits of the Company will be used to provide capital for the
expansion of inventory held for the convenience of customers, and for acquiring
additional equipment, if needed. The Company has never needed to sell debt or
equity securities to fund our operations. However, the company plans to raise
funds in the second quarter to acquire an additional factory as well as grow its
energy division.  Net
cash flows provided by financing activities in March 31, 2008 was $1,489,108
compared to $233,405 for the period ending March 31, 2007, which was provided by
proceeds from stockholder loans. The balance of the stockholder loan is
$1,195,766 for period ending March 31, 2008 compared to $498,812 in the same
period in March, 2007. Net cash used in operating activities did not change
significantly from $1,059,897 in March 31, 2008 compared to $1,004,532 for the
three months ending March 31, 2007.  PLAN OF OPERATION  In
August 2005, we established Intech Electronics, our electronics factory, which
operates as a division of Shanghai Intech. In connection with the establishment
of this factory, we purchased


- 18 -


approximately
$250,000 worth of electronics equipment from Opel Technology, one of our former
electronics vendors. The total cost to set up this factory was $290,000,
including the equipment purchase.  In
October 2005, we established Intech Precision, our die-casting and machining
factory. We purchased certain assets owned by the former majority owner of the
factory for $500,000, which amount is payable in March 2008 and hired that owner
as the general manager of our factory. We began operating this factory in
December 2005.  In January 2008, the
Company established a new energy division that will focus on the manufacturing
and development of solar modules. The Company plans on continuing to expand its
presences in this sector along with further development of its own brand.
Additionally, the company will explore acquisitions in this sector in the near
future.  The Company plans on
providing additional working capital primarily to our energy division by seeking
outside sources in the second quarter of 2008. Additionally, the Company plans
on adding an additional factory in the power supply industry in 2008.  Moreover, the Company
plans to close its air-conditioner factory, Chengde, where sales and profit have
declined in the second quarter to focus on its new products.  Off-Balance Sheet
Arrangements  We
do not have any off-balance sheet arrangements that are currently material or
reasonably likely to be material to our financial position or results of
operations.  Critical
Accounting Policies, Estimates and Judgments  This
discussion and analysis of financial condition and results of operations is
based on our consolidated financial statements, which have been prepared in
accordance with U.S. generally accepted accounting principles. The preparation
of these financial statements requires us to make estimates and judgments that
affect the reported amounts of assets, liabilities, revenues and expenses and
related disclosures. On an on-going basis, we evaluate our estimates, including
those related to property, plant and equipment, inventories, revenue
recognition, inventories, accounts receivable and foreign currency transactions
and translation. We base our estimates on historical experience and on various
other market-specific assumptions that are believed to be reasonable under the
circumstances, the results of which form the basis for making judgments about
the carrying values of assets and liabilities that are not readily apparent from
other sources. Actual results, however, may differ significantly from these
estimates.  We
believe the following critical accounting policies reflect the more significant
judgments and estimates used in the preparation of our consolidated financial
statements:  Property,
plant and equipment  Property,
plant and equipment are stated at historical cost and are depreciated over the
useful lives of the assets. Leasehold improvements and capitalized leased
equipment are amortized over the life of the lease. Repair and maintenance
expenditures that do not significantly add to the value of the equipment or
prolong its life are charged to expense as incurred. Gains and losses on
dispositions of property, plant and equipment are included in the related
periods statement of operations. Depreciation is computed primarily using the
straight-line method based on estimated useful lives, which range from 3 to 25
years.


- 19 -   **                *Inventories*


Inventories
consist of finished goods of manufactured products. Our inventory is based on
customer orders and the duration of those orders. Cost is stated at the lower of
cost or market on a first-in, first-out (FIFO) basis. We have not recorded an
allowance for slow-moving or obsolete inventory. Obsolete inventory at December
31, 2007 and 2006 was minimal.  Revenue
Recognition  We
recognize revenues in accordance with the guidelines of the Securities and
Exchange Commission (SEC) Staff Accounting Bulletin (SAB) No. 104 Revenue
Recognition. We recognize revenue from product sales when the orders are
completed and shipped, provided that collection of the resulting receivable is
reasonably assured. Amounts billed to customers are recorded as sales while the
shipping costs are included in cost of sales. Returns on defective custom parts
may only be exchanged for replacement parts within 30 days of the invoice date.
Returns on defective parts, which can be resold, may be exchanged for
replacement parts or for a refund.  Revenue from non-refundable customer
tooling deposits is recognized when the materials are shipped or when the
deposit is forfeited, whichever is earlier.  Foreign
Currency Transactions and Translation  Transaction
gains and losses result from a change in exchange rates between the functional
currencies in which a foreign currency transaction is denominated and the
reporting currency. They represent an increase or decrease in (i) the actual
functional current cash flows realized upon settlement of foreign currency
transactions and (ii) the expected functional currency cash flows on unsettled
foreign currency transactions. All transaction gains and losses are included in
other income or expense. For all periods presented, sales to customers were
primarily denominated in U.S. dollars.  Assets
and liabilities of Intech are translated into U.S. dollars at the prevailing
exchange rate in effect at each period end. Revenue and expenses are translated
into U.S. dollars at the average exchange rate during the reporting period.
Contributed capital is translated into U.S. dollars at the historical exchange
rate when capital was injected. Any difference resulting from using the current
rate, historical rate and average rate in determination of retained earnings is
accounted for as a translation adjustment and reported as part of comprehensive
income or loss in the equity section. Exchange differences are recognized in the
income statement in the period in which they occur.  Management
has discussed the development and selection of these critical accounting
policies with the Board of Directors and the Board has reviewed the disclosures
presented above relating to them.


- 20 -


ITEM
3. CONTROLS
AND PROCEDURES  The
Securities and Exchange Commission defines the term disclosure controls and
procedures to mean a companys controls and other procedures that are designed
to ensure that information required to be disclosed in the reports that it files
or submits under the Securities Exchange Act of 1934 is recorded, processed,
summarized and reported, within the time periods specified in the Securities and
Exchange Commissions rules and forms.   The Company maintains such a
system of controls and procedures in an effort to ensure that all information
which it is required to disclose in the reports it files under the Securities
Exchange Act of 1934 is recorded, processed, summarized and reported within the
time periods specified under the SEC's rules and forms.  Based
on an evaluation performed, the Company's certifying officers have concluded
that the disclosure controls and procedures were effective as of March 31,
2008, to provide reasonable assurance of the achievement of these
objectives.  There
was no change in the Company's internal control over financial reporting during
the period ended March 31, 2008, that has materially affected, or is
reasonably likely to materially affect, the Company's internal control over
financial reporting   PART II.
 OTHER INFORMATION  Item
1. Legal
Proceedings None  Item
2. Unregistered
Sales of Equity Securities and Use of Proceeds None  Item
3. Defaults
upon Senior Securities None  Item
4. Submission
of Matters to a Vote of Security Holders None  Item
5. Other
Information None


- 21 -


Item
6. Exhibits  The
following exhibits are filed herewith:  3.1 Articles
of Incorporation (incorporated by reference from Registration
Statement  on Form 10-SB filed with the Securities and Exchange
Commission on October 11, 2000).  3.2 Bylaws
(incorporated by reference from Registration Statement on Form
10-SB  filed with the Securities and Exchange Commission on October
11, 2000).  4.1 Specimen
Common Stock Certificate (incorporated by reference from  Registration
Statement on Form 10-SB filed with the Securities and Exchange Commission
on October 11, 2000).  4.2 Specimen
Class A Convertible Preferred Stock Certificate (incorporated
by  reference from Registration Statement on Form 10-SB/A filed with
the Securities and Exchange Commission on October 11, 2000).  10.1 Common
Stock Purchase Warrant (incorporated by reference from Form
10-KSB  filed with the Securities and Exchange Commission on September
27, 2001).  14. Code
of Ethics (incorporated by reference from Form 10-KSB filed with
the  Securities and Exchange Commission on March 31, 2005).  31.1 Certifications
pursuant to Rule 13a-14(a) or 15d-14(a) under the Securities Exchange Act of
1934, as amended, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act
of 2002. 31.2 Certifications
pursuant to Rule 13a-14(a) or 15d-14(a) under the Securities Exchange Act of
1934, as amended, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act
of 2002. 32.1 Certifications
pursuant to 18 U.S.C. Section 1350, as adopted pursuant to
Section  906 of the Sarbanes-Oxley Act of 2002.  32.2 Certifications
pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the
Sarbanes-Oxley Act of 2002.


- 22 -


SIGNATURES  In accordance with
the requirements of the Exchange Act, the registrant caused this report to be
signed on its behalf by the undersigned, thereunto duly authorized.   WORLDWIDE ENERGY
AND MANUFACTURING USA, INC.  By
/s/  Jimmy Wang, CEO and Director  Date:  May 20,
2008   By
/s/  Jeff Watson, President  Date:  May 20,
2008   By /s/ Mindy Wang,
Secretary, Treasurer and a director  Date: May 20,
2008   By /s/ John Ballard,
Chief Financial Officer / Principal Accounting Officer  Date: May 20,
2008


- 23 -