| x | Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 |
|---|-----------------------------------------------------------------------------------------|

|  ̈ | Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 |
|--------|------------------------------------------------------------------------------------------|

| Maryland                                                       |   | 52-0466460                           |
|----------------------------------------------------------------|--------|--------------------------------------|
|                                                           |   |                                 |
| (State or Other Jurisdiction of Incorporation or Organization) |   | (I.R.S. Employer Identification No.) |

| Large Accelerated Filer   ̈ | Accelerated Filer  x | Non-Accelerated Filer  ̈(Do not check if a smallerreporting company) | Smaller reporting company   ̈ |
|-------------------------------------------|--------------------------------|--------------------------------------------------------------------------|-------------------------------------------------------|

----

| Part I. Financial Information                                                                            | 3      |
|----------------------------------------------------------------------------------------------------------|--------|
|                                                                                                     |   |
| Item 1. Unaudited Condensed Consolidated Financial Statements                                       | 3      |
|                                                                                                     |   |
| Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations | 20     |
|                                                                                                     |   |
| Item 3. Quantitative and Qualitative Disclosures About Market Risk                                  | 27     |
|                                                                                                     |   |
| Item 4. Controls and Procedures                                                                     | 28     |
|                                                                                                     |   |
| Part II. Other Information                                                                               | 28     |
|                                                                                                     |   |
| Item 1. Legal Proceedings                                                                           | 28     |
|                                                                                                     |   |
| Item 1A. Risk Factors                                                                               | 28     |
|                                                                                                     |   |
| Item 2. Unregistered Sales of Equity Securities and Use of Proceeds                                 | 29     |
|                                                                                                     |   |
| Item 3. Defaults Upon Senior Securities                                                             | 29     |
|                                                                                                     |   |
| Item 4. (Removed and Reserved)                                                                      | 29     |
|                                                                                                     |   |
| Item 5. Other Information                                                                           | 29     |
|                                                                                                     |   |
| Item 6. Exhibits                                                                                    | 29     |
|                                                                                                     |   |
| Signatures                                                                                               | 30     |

----

| Item 1. | UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS |
|--------------|-------------------------------------------------------|

|                                                                                                                                                                                   |   | March 31, 2011 |    |   | December 31, 2010 |   |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|---------------------|---------|--------|-----------------------------|--------|
|                                                                                                                                                                                   |   | USD’000       |    |   | RMB’000               |   |   | RMB’000 |   |
| Assets                                                                                                                                                                                 |   |                |    |   |                        |   |   |   |   |
| Current assets:                                                                                                                                                                        |   |                |    |   |                        |   |   |   |   |
| Cash                                                                                                                                                                                   |   |                | 101,113 |   |                        |   | 662,121 |   |   |   | 699,650 |   |
| Pledged bank deposits                                                                                                                                                                  |   |                | 55,551  |   |                        |   | 363,758 |   |   |   | 332,050 |   |
| Accounts receivable, net                                                                                                                                                               |   |                | 100,680 |   |                        |   | 659,285 |   |   |   | 681,911 |   |
| Bills receivable                                                                                                                                                                       |   |                | 5,464   |   |                        |   | 35,778 |   |   |   | 31,001 |   |
| Inventories                                                                                                                                                                            |   |                | 49,619  |   |                        |   | 324,921 |   |   |   | 250,573 |   |
| Income taxes receivable                                                                                                                                                                |   |                | 173     |   |                        |   | 1,135 |   |   |   | 2,478 |   |
| Prepaid expenses and other receivables                                                                                                                                                 |   |                | 6,734   |   |                        |   | 44,095 |   |   |   | 49,338 |   |
|                                                                                                                                                                                   |   |                |    |   |                        |   |   |   |   |   |   |   |
| Total current assets                                                                                                                                                                   |   |                | 319,334 |   |                        |   | 2,091,093 |   |   |   | 2,047,001 |   |
| Property and equipment, net                                                                                                                                                            |   |                | 2,381   |   |                        |   | 15,591 |   |   |   | 14,613 |   |
| Goodwill and intangible assets, less accumulated amortization, RMB128,908 thousand (USD19,686 thousand) in 2011 and RMB122,637 thousand in 2010                                        |   |                | 63,490  |   |                        |   | 415,750 |   |   |   | 258,935 |   |
| Other assets                                                                                                                                                                           |   |                | 353     |   |                        |   | 2,314 |   |   |   | 1,468 |   |
|                                                                                                                                                                                   |   |                |    |   |                        |   |   |   |   |   |   |   |
| Total Assets                                                                                                                                                                           |   |                | 385,558 |   |                        |   | 2,524,748 |   |   |   | 2,322,017 |   |
|                                                                                                                                                                                   |   |                |    |   |                        |   |   |   |   |   |   |   |
| Liabilities and equity                                                                                                                                                                 |   |                |    |   |                        |   |   |   |   |   |   |   |
| Current liabilities:                                                                                                                                                                   |   |                |    |   |                        |   |   |   |   |   |   |   |
| Accounts payable                                                                                                                                                                       |   |                | 20,815  |   |                        |   | 136,306 |   |   |   | 63,283 |   |
| Bank borrowings                                                                                                                                                                        |   |                | 71,643  |   |                        |   | 469,137 |   |   |   | 505,888 |   |
| Income taxes payable                                                                                                                                                                   |   |                | 2,784   |   |                        |   | 18,231 |   |   |   | 16,153 |   |
| Accrued expenses and other liabilities                                                                                                                                                 |   |                | 17,552  |   |                        |   | 114,936 |   |   |   | 15,581 |   |
|                                                                                                                                                                                   |   |                |    |   |                        |   |   |   |   |   |   |   |
| Total current liabilities                                                                                                                                                              |   |                | 112,794 |   |                        |   | 738,610 |   |   |   | 600,905 |   |
| Deferred tax liabilities                                                                                                                                                               |   |                | 4,804   |   |                        |   | 31,456 |   |   |   | 13,777 |   |
|                                                                                                                                                                                   |   |                |    |   |                        |   |   |   |   |   |   |   |
| Total liabilities                                                                                                                                                                      |   |                | 117,598 |   |                        |   | 770,066 |   |   |   | 614,682 |   |
| Equity                                                                                                                                                                                 |   |                |    |   |                        |   |   |   |   |   |   |   |
| Common stock:                                                                                                                                                                          |   |                |    |   |                        |   |   |   |   |   |   |   |
| Par value: USD0.01 Authorized: 200,000,000 shares Issued: 41,306,657 shares in 2011 and 41,181,529 shares in 2010 Outstanding: 35,973,892 shares in 2011 and 35,848,764 shares in 2010 |   |                | 510     |   |                        |   | 3,340 |   |   |   | 3,332 |   |
| Additional paid in capital                                                                                                                                                             |   |                | 203,827 |   |                        |   | 1,334,717 |   |   |   | 1,315,806 |   |
| Retained earnings                                                                                                                                                                      |   |                | 113,601 |   |                        |   | 743,895 |   |   |   | 716,839 |   |
| Accumulated other comprehensive loss                                                                                                                                                   |   |                | (18,097 | )      |                        |   | (118,501 | ) |   |   | (117,479 | ) |
|                                                                                                                                                                                   |   |                |    |   |                        |   |   |   |   |   |   |   |
|                                                                                                                                                                                   |   |                | 299,841 |   |                        |   | 1,963,451 |   |   |   | 1,918,498 |   |
| Less: cost of common stock in treasury, 5,332,765 shares in 2011 and 2010                                                                                                              |   |                | (34,588 | )      |                        |   | (226,495 | ) |   |   | (226,495 | ) |
|                                                                                                                                                                                   |   |                |    |   |                        |   |   |   |   |   |   |   |
| Total Cogo Group, Inc. equity                                                                                                                                                          |   |                | 265,253 |   |                        |   | 1,736,956 |   |   |   | 1,692,003 |   |
| Noncontrolling interest                                                                                                                                                                |   |                | 2,707   |   |                        |   | 17,726 |   |   |   | 15,332 |   |
|                                                                                                                                                                                   |   |                |    |   |                        |   |   |   |   |   |   |   |
| Total equity                                                                                                                                                                           |   |                | 267,960 |   |                        |   | 1,754,682 |   |   |   | 1,707,335 |   |
|                                                                                                                                                                                   |   |                |    |   |                        |   |   |   |   |   |   |   |
| Total liabilities and equity                                                                                                                                                           |   |                | 385,558 |   |                        |   | 2,524,748 |   |   |   | 2,322,017 |   |

----

|                                                               |   | Three Months ended March 31, |    |
|--------------------------------------------------------------------|--------|----------------------------------------|---------|
|                                                               |   | 2011                                   |    |   | 2011 |   |   | 2010 |   |
|                                                               |   | USD’000                          |    |   | RMB’000 |   |   | RMB’000 |   |
| Net Revenue                                                        |   |                                   |    |   |   |   |   |   |   |
| Product sales                                                      |   |                                   | 104,418 |   |   |   | 683,762 |   |   |   | 546,846 |   |
| Service revenue                                                    |   |                                   | -       |   |   |   | - |   |   |   | 5,953 |   |
|                                                               |   |                                   |    |   |   |   |   |   |   |   |   |   |
|                                                               |   |                                   | 104,418 |   |   |   | 683,762 |   |   |   | 552,799 |   |
| Cost of sales                                                      |   |                                   |    |   |   |   |   |   |   |   |   |   |
| Cost of goods sold                                                 |   |                                   | (89,584 | ) |   |   | (586,624 | ) |   |   | (469,948 | ) |
| Cost of services                                                   |   |                                   | -       |   |   |   | - |   |   |   | (4,773 | ) |
|                                                               |   |                                   |    |   |   |   |   |   |   |   |   |   |
|                                                               |   |                                   | (89,584 | ) |   |   | (586,624 | ) |   |   | (474,721 | ) |
|                                                               |   |                                   |    |   |   |   |   |   |   |   |   |   |
| Gross profit                                                       |   |                                   | 14,834  |   |   |   | 97,138 |   |   |   | 78,078 |   |
| Selling, general and administrative expenses                       |   |                                   | (6,464  | ) |   |   | (42,331 | ) |   |   | (37,560 | ) |
| Research and development expenses                                  |   |                                   | (3,321  | ) |   |   | (21,745 | ) |   |   | (16,031 | ) |
| Other operating income (loss), net                                 |   |                                   | (2      | ) |   |   | (10 | ) |   |   | 27 |   |
|                                                               |   |                                   |    |   |   |   |   |   |   |   |   |   |
| Income from operations                                             |   |                                   | 5,047   |   |   |   | 33,052 |   |   |   | 24,514 |   |
| Interest expense                                                   |   |                                   | (474    | ) |   |   | (3,103 | ) |   |   | (1,115 | ) |
| Interest income                                                    |   |                                   | 478     |   |   |   | 3,130 |   |   |   | 3,294 |   |
|                                                               |   |                                   |    |   |   |   |   |   |   |   |   |   |
| Earnings before income taxes                                       |   |                                   | 5,051   |   |   |   | 33,079 |   |   |   | 26,693 |   |
| Income tax expense                                                 |   |                                   | (546    | ) |   |   | (3,573 | ) |   |   | (2,659 | ) |
|                                                               |   |                                   |    |   |   |   |   |   |   |   |   |   |
| Net income                                                         |   |                                   | 4,505   |   |   |   | 29,506 |   |   |   | 24,034 |   |
| Less: net income attributable to noncontrolling interest           |   |                                   | (373    | ) |   |   | (2,450 | ) |   |   | (273 | ) |
|                                                               |   |                                   |    |   |   |   |   |   |   |   |   |   |
| Net income attributable to Cogo Group, Inc.                        |   |                                   | 4,132   |   |   |   | 27,056 |   |   |   | 23,761 |   |
|                                                               |   |                                   |    |   |   |   |   |   |   |   |   |   |
|                                                               |   |                                   |    |   |   |   |   |   |   |   |   |   |
|                                                               |   | USD                                    |    |   | RMB |   |   | RMB |   |
| Earnings per share                                                 |   |                                   |    |   |   |   |   |   |   |   |   |   |
| Basic                                                              |   |                                   | 0.11    |   |   |   | 0.71 |   |   |   | 0.64 |   |
| Diluted                                                            |   |                                   | 0.11    |   |   |   | 0.69 |   |   |   | 0.62 |   |
|                                                               |   |                                   |    |   |   |   |   |   |   |   |   |   |
| Weighted average number of common shares outstanding               |   |                                   |    |   |   |   |   |   |   |   |   |   |
| Basic                                                              |   |                                   |    |   |   |   | 37,994,774 |   |   |   | 37,144,442 |   |
| Diluted                                                            |   |                                   |    |   |   |   | 39,174,483 |   |   |   | 38,168,035 |   |
|                                                               |   |                                   |    |
|                                                               |   | Three Months ended March 31, |    |
|                                                               |   | 2011                                   |    |   | 2011 |   |   | 2010 |   |
| Comprehensive income:                                              |   | USD’000                          |    |   | RMB’000 |   |   | RMB’000 |   |
| Net income                                                         |   |                                   | 4,505   |   |   |   | 29,506 |   |   |   | 24,034 |   |
| Other comprehensive income, net of tax                             |   |                                   |    |   |   |   |   |   |   |   |   |   |
| Foreign currency translation adjustments                           |   |                                   | (164    | ) |   |   | (1,078 | ) |   |   | 139 |   |
| Comprehensive income                                               |   |                                   |    |   |   |   |   |   |   |   |   |   |
| Less: comprehensive income attributable to noncontrolling interest |   |                                   | (366    | ) |   |   | (2,394 | ) |   |   | (218 | ) |
|                                                               |   |                                   |    |   |   |   |   |   |   |   |   |   |
| Comprehensive income attributable to Cogo Group, Inc.              |   |                                   | 3,975   |   |   |   | 26,034 |   |   |   | 23,955 |   |

----

|                                                                              |   | Three Months ended March 31, |    |
|-----------------------------------------------------------------------------------|--------|----------------------------------------|---------|
|                                                                              |   | 2011                                   |    |   | 2011 |   |   | 2010 |   |
|                                                                              |   | USD’000                          |    |   | RMB’000 |   |   | RMB’000 |   |
| Cash flows from operating activities:                                             |   |                                   |    |   |   |   |   |   |   |
| Net income                                                                        |   |                                   | 4,505   |   |   |   | 29,506 |   |   |   | 24,034 |   |
| Adjustments to reconcile net income to net cash provided by operating activities: |   |                                   |    |   |   |   |   |   |   |   |   |   |
| Depreciation expense                                                              |   |                                   | 231     |   |   |   | 1,515 |   |   |   | 1,501 |   |
| Amortization of intangible assets                                                 |   |                                   | 958     |   |   |   | 6,271 |   |   |   | 5,451 |   |
| Deferred income taxes                                                             |   |                                   | (158    | ) |   |   | (1,035 | ) |   |   | (899 | )  |
| Loss on disposal of property and equipment                                        |   |                                   | -       |   |   |   | - |   |   |   | 37 |   |
| Write-back of provision for doubtful accounts                                     |   |                                   | (62     | ) |   |   | (400 | ) |   |   | — |   |
| Share-based compensation                                                          |   |                                   | 2,889   |   |   |   | 18,919 |   |   |   | 16,056 |   |
| Change in current assets and liabilities, net of effects of acquisitions:         |   |                                   |    |   |   |   |   |   |   |   |   |   |
| Accounts receivable, net                                                          |   |                                   | 3,173   |   |   |   | 20,774 |   |   |   | 653 |   |
| Bill receivables                                                                  |   |                                   | (730    | ) |   |   | (4,777 | ) |   |   | 721 |   |
| Inventories                                                                       |   |                                   | (11,541 | ) |   |   | (75,575 | ) |   |   | (29,320 | )  |
| Prepaid expenses and other receivables                                            |   |                                   | 791     |   |   |   | 5,180 |   |   |   | (19 | )  |
| Accounts payable                                                                  |   |                                   | 11,228  |   |   |   | 73,525 |   |   |   | (6,947 | )  |
| Income taxes receivable                                                           |   |                                   | 203     |   |   |   | 1,329 |   |   |   | (19 | )  |
| Income taxes payable                                                              |   |                                   | 320     |   |   |   | 2,095 |   |   |   | 592 |   |
| Accrued expenses and other liabilities                                            |   |                                   | (1,427  | ) |   |   | (9,346 | ) |   |   | (6,607 | )  |
|                                                                              |   |                                   |    |   |   |   |   |   |   |   |   |   |
| Net cash provided by operating activities                                         |   |                                   | 10,380  |   |   |   | 67,981 |   |   |   | 5,234 |   |
| Cash flows from investing activities:                                             |   |                                   |    |   |   |   |   |   |   |   |   |   |
| Increase in pledged bank deposits                                                 |   |                                   | (5,023  | ) |   |   | (32,892 | ) |   |   | - |   |
| Payment for acquisitions of subsidiaries                                          |   |                                   | (5,500  | ) |   |   | (36,016 | ) |   |   | (26,325 | )  |
| Purchases of property and equipment                                               |   |                                   | (384    | ) |   |   | (2,516 | ) |   |   | (1,651 | )  |
|                                                                              |   |                                   |    |   |   |   |   |   |   |   |   |   |
| Net cash used in investing activities                                             |   |                                   | (10,907 | ) |   |   | (71,424 | ) |   |   | (27,976 | )  |
|                                                                              |   |                                   |    |   |   |   |   |   |   |   |   |   |
| Cash flows from financing activities:                                             |   |                                   |    |   |   |   |   |   |   |   |   |   |
| Purchase of treasury stock                                                        |   |                                   | -       |   |   |   | - |   |   |   | (17,593 | )   |
| Proceeds from bank borrowings                                                     |   |                                   | -       |   |   |   | - |   |   |   | 166,319 |   |
| Repayment of bank borrowings                                                      |   |                                   | (5,030  | ) |   |   | (32,939 | ) |   |   | - |   |
|                                                                              |   |                                   |    |   |   |   |   |   |   |   |   |   |
| Net cash provided by (used in) financing activities                               |   |                                   | (5,030  | ) |   |   | (32,939 | ) |   |   | 148,726 |   |
|                                                                              |   |                                   |    |   |   |   |   |   |   |   |   |   |
| Effect of exchange rate changes on cash                                           |   |                                   | (175    | ) |   |   | (1,147 | ) |   |   | 177 |   |
|                                                                              |   |                                   |    |   |   |   |   |   |   |   |   |   |
| Net increase (decrease) in cash                                                   |   |                                   | (5,732  | ) |   |   | (37,529 | ) |   |   | 126,161 |   |
| Cash at beginning of the period                                                   |   |                                   | 106,845 |   |   |   | 699,650 |   |   |   | 667,320 |   |
|                                                                              |   |                                   |    |   |   |   |   |   |   |   |   |   |
| Cash at end of the period                                                         |   |                                   | 101,113 |   |   |   | 662,121 |   |   |   | 793,481 |   |
|                                                                              |   |                                   |    |   |   |   |   |   |   |   |   |   |
| Supplementary cash flow information:                                              |   |                                   |    |   |   |   |   |   |   |   |   |   |
| Interest paid                                                                     |   |                                   | 474     |   |   |   | 3,103 |   |   |   | 1,115 |   |
| Income tax paid                                                                   |   |                                   | 181     |   |   |   | 1,184 |   |   |   | 2,983 |   |

----

|                                                          |   | Cogo Group, Inc. Stockholders |       |   |                   |   |   |                 |   |
|--------------------------------------------------------------------|--------|----------------------------------------------|------------|--------|------------------------|--------|--------|----------------------|--------|
|                                                               |   | Common Stock                            |       |   | Additionalpaid in |   |   | Retained             |   |   | Accumulatedothercomprehensive |   |   | Treasury |   |   | Noncontrolling |   |   |   |   |
|                                                               |   | No. of Sharesoutstanding           |       |   | RMB’000          |   |   | capitalRMB’000 |   |   | earningsRMB’000 |   |   | lossRMB’000 |   |   | stockRMB’000 |   |   | interestRMB’000 |   |   | Total equityRMB’000 |   |
| Balance as of January 1, 2011                                 |   |                                         | 35,848,764 |   |                   |   | 3,332  |                 |   |   | 1,315,806 |   |   |   | 716,839 |   |   |   | (117,479 | ) |   |   | (226,495 | ) |   |   | 15,332 |   |   |   | 1,707,335 |   |
| Net income                                                         |   |                                         | -          |   |                   |   | -      |                 |   |   | - |   |   |   | 27,056 |   |   |   | - |   |   |   | - |   |   |   | 2,450 |   |   |   | 29,506 |   |
| Foreign currency translation adjustments                           |   |                                         | -          |   |                   |   | -      |                 |   |   | - |   |   |   | - |   |   |   | (1,022 | ) |   |   | - |   |   |   | (56 | ) |   |   | (1,078 | ) |
| Issuance of common stock pursuant to share-based compensation plan |   |                                         | 125,128    |   |                   |   | 8      |                 |   |   | (8 | ) |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |
| Share-based compensation                                           |   |                                         | -          |   |                   |   | -      |                 |   |   | 18,919 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 18,919 |   |
|                                                               |   |                                         |       |   |                   |   |   |                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Balance as of March 31, 2011                                  |   |                                         | 35,973,892 |   |                   |   | 3,340  |                 |   |   | 1,334,717 |   |   |   | 743,895 |   |   |   | (118,501 | ) |   |   | (226,495 | ) |   |   | 17,726 |   |   |   | 1,754,682 |   |
|                                                               |   |                                         |       |   |                   |   |   |                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Balance as of March 31, 2011 (in USD’000)               |   |                                         |       |   |                   |   | 510    |                 |   |   | 203,827 |   |   |   | 113,601 |   |   |   | (18,097 | ) |   |   | (34,588 | ) |   |   | 2,707 |   |   |   | 267,960 |   |

----

----

|                                  |   | March 31, |    |   | December 31, |   |
|---------------------------------------|--------|----------------|---------|--------|-------------------|--------|
|                                  |   | 2011           |    |   | 2011              |   |   | 2010 |   |
|                                  |   | USD’000  |    |   | RMB’000     |   |   | RMB’000 |   |
| Accounts receivable                   |   |           | 111,811 |   |              |   | 732,177 |   |   |   | 755,203 |   |
| Less: allowance for doubtful accounts |   |           | (11,131 | )      |              |   | (72,892 | ) |   |   | (73,292 | )  |
|                                  |   |           |    |   |              |   |   |   |   |   |   |   |
| Accounts receivable, net              |   |           | 100,680 |   |              |   | 659,285 |   |   |   | 681,911 |   |

|                                          |   | Three Months ended March 31, |   |
|-----------------------------------------------|--------|-----------------------------------|--------|
|                                          |   | 2011                              |   |   | 2011 |   |   | 2010 |   |
|                                          |   | USD’000                     |   |   | RMB’000 |   |   | RMB’000 |   |
| Balance as of January 1, 2011            |   |                              | 11,193 |   |   |   | 73,292 |   |   |   | 73,306 |   |
| Write-back of allowance for doubtful accounts |   |                              | (62    | ) |   |   | (400 | ) |   |   | — |   |
|                                          |   |                              |   |   |   |   |   |   |   |   |   |   |
| Balance as of March 31, 2011             |   |                              | 11,131 |   |   |   | 72,892 |   |   |   | 73,306 |   |

----

----

|              |   | March 31, |   |   | December 31, |   |
|-------------------|--------|----------------|--------|--------|-------------------|--------|
|              |   | 2011           |   |   | 2011              |   |   | 2010 |   |
|              |   | USD’000  |   |   | RMB’000     |   |   | RMB’000 |   |
| Raw materials     |   |           | 45     |   |              |   | 294 |   |   |   | 162 |   |
| Finished goods    |   |           | 49,574 |   |              |   | 324,627 |   |   |   | 250,411 |   |
|              |   |           |   |   |              |   |   |   |   |   |   |   |
| Total inventories |   |           | 49,619 |   |              |   | 324,921 |   |   |   | 250,573 |   |

|                            |   | March 31, |   |   | December 31, |   |
|---------------------------------|--------|----------------|--------|--------|-------------------|--------|
|                            |   | 2011           |   |   | 2011              |   |   | 2010 |   |
|                            |   | USD’000  |   |   | RMB’000     |   |   | RMB’000 |   |
| Property and equipment, at cost |   |           | 6,897  |   |              |   | 45,164 |   |   |   | 42,685 |   |
| Less: accumulated depreciation  |   |           | (4,516 | )      |              |   | (29,573 | ) |   |   | (28,072 | )  |
|                            |   |           |   |   |              |   |   |   |   |   |   |   |
| Property and equipment, net     |   |           | 2,381  |   |              |   | 15,591 |   |   |   | 14,613 |   |

----

|                                                                 |   | Goodwill      |    |   | Intangible Assets |   |    | Total         |   |
|----------------------------------------------------------------------|--------|---------------|---------|--------|------------------------|--------|---------|---------------|--------|
|                                                                 |   | RMB’000 |    |   | RMB’000          |   |    | RMB’000 |   |
| Balance as of January 1, 2011                                   |   |          | 175,436 |   |                   |   | 83,499  |          |   |   | 258,935 |   |
| Acquisition of MDC Tech International Holdings Limited (Note 15 (a)) |   |          | 49,669  |   |                   |   | 113,417 |          |   |   | 163,086 |   |
| Amortization of intangible assets                                    |   |          | -       |   |                   |   | (6,271  | )             |   |   | (6,271 | ) |
| Balance as of March 31, 2011                                    |   |          | 225,105 |   |                   |   | 190,645 |          |   |   | 415,750 |   |
|                                                                 |   |          |    |   |                   |   |    |          |   |   |   |   |
| Balance as of March 31, 2011 (in USD’000)                 |   |          | 34,376  |   |                   |   | 29,114  |          |   |   | 63,490 |   |

----

|                                   |   | March 31, |   |   | December31,   |   |
|----------------------------------------|--------|----------------|--------|--------|---------------|--------|
|                                   |   | 2011           |   |   | 2011          |   |   | 2010 |   |
|                                   |   | USD’000  |   |   | RMB’000 |   |   | RMB’000 |   |
| Legal and professional fees            |   |           | 287    |   |          |   | 1,881 |   |   |   | 2,749 |   |
| Accrued staff related costs            |   |           | 123    |   |          |   | 807 |   |   |   | 7,750 |   |
| Payables for acquisition (Note 15 (a)) |   |           | 16,500 |   |          |   | 108,047 |   |   |   | - |   |
| Other accruals                         |   |           | 642    |   |          |   | 4,201 |   |   |   | 5,082 |   |
|                                   |   |           |   |   |          |   |   |   |   |   |   |   |
| Accrued expenses and other liabilities |   |           | 17,552 |   |          |   | 114,936 |   |   |   | 15,581 |   |

----

|                                |   | 2006 Incentive Plan |     |   | 2009 Incentive Plan                        |   |
|-------------------------------------|--------|-------------------------------|----------|--------|------------------------------------------------------|--------|
|                           |   | Shares                        |     |   | Weighted averagegrant-date fair value |   |   | Shares |   |   | Weighted averagegrant-date fair value |   |
|                                |   |                          |     |   | USD                                                  |   |   |   |   |   | USD |   |
| Balance as of January 1, 2011  |   |                          | 786,465  |   |                                                 |   | 6.74 |   |   |   | 1,615,952 |   |   |   | 6.26 |   |
| Granted on January 1, 2011 (note i) |   |                          | -        |   |                                                 |   | - |   |   |   | 210,000 |   |   |   | 8.85 |   |
| Granted on March 21, 2011 (note i)  |   |                          | -        |   |                                                 |   | - |   |   |   | 1,000,000 |   |   |   | 7.80 |   |
| Vested                              |   |                          | (164,622 | )      |                                                 |   | 8.15 |   |   |   | (183,898 | ) |   |   | 6.53 |   |
|                                |   |                          |     |   |                                                 |   |   |   |   |   |   |   |   |   |   |   |
| Balance as of March 31, 2011   |   |                          | 621,843  |   |                                                 |   | 6.36 |   |   |   | 2,642,054 |   |   |   | 7.03 |   |

----

| Note i | The stock awards vest in equal quarterly installments over a period of three years from the date of grant. |
|--------|------------------------------------------------------------------------------------------------------------|

|                                 |   | 2009 Incentive Plan |    |
|--------------------------------------|--------|-------------------------------|---------|
|                                 |   | Shares                        |    |   | Weighted averagegrant-date fair value |   |
|                                 |   |                          |    |   | USD |   |
| Balance as of January 1, 2011   |   |                          | -       |   |   |   | - |   |
| Granted on January 1, 2011 (note i)  |   |                          | 330,000 |   |   |   | 8.85 |   |
| Granted on January 1, 2011 (note ii) |   |                          | 270,000 |   |   |   | 8.85 |   |
| Vested                               |   |                          | -       |   |   |   | - |   |
|                                 |   |                          |    |   |   |   |   |   |
| Balance as of March 31, 2011    |   |                          | 600,000 |   |   |   | 8.85 |   |

----

----

| Note i | The performance awards vest in equal annual installments over a period of three years from January 1, 2011 to December 31, 2013 and is subject to meeting certain earnings or other performance measures in 2011, 2012 and 2013. |
|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Note ii | During the three-month ended March 31, 2011, the Company has granted performance share awards that contains service and market conditions. For performance share awards with market conditions, the market conditions are considered in the grant date fair value using a lattice model and will be recognized over the requisite service period regardless of whether the market condition is satisfied, provided that the requisite service period has been completed. The share awards vest in equal annual installments over a period of three years from January 1, 2011 to December 31, 2013 and is subject to meeting the specified market condition in 2011, 2012 and 2013. |
|--------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|                                                                             |   | Three Months ended March 31, |       |
|----------------------------------------------------------------------------------|--------|--------------------------------------------------|------------|
|                                                                             |   | 2011                                             |       |   | 2010 |   |
|                                                                             |   | RMB’000                                    |       |   | RMB’000 |   |
| Numerator for basic and diluted earnings per share:                              |   |                                             |       |   |   |   |
| Net income attributable to Cogo Group, Inc.                                      |   |                                             | 27,056     |   |   |   | 23,761 |   |
|                                                                             |   |                                             |       |   |   |   |   |   |
| Denominator:                                                                     |   |                                             |       |   |   |   |   |   |
| Basic weighted average shares                                                    |   |                                             | 37,994,774 |   |   |   | 37,144,442 |   |
| Effect of dilutive non-vested equity share units, performance shares and options |   |                                             | 1,179,709  |   |   |   | 1,023,593 |   |
|                                                                             |   |                                             |       |   |   |   |   |   |
| Diluted weighted average shares                                                  |   |                                             | 39,174,483 |   |   |   | 38,168,035 |   |
|                                                                             |   |                                             |       |   |   |   |   |   |
|                                                                             |   | RMB                                              |       |   | RMB |   |
| Basic earnings per share:                                                        |   |                                             | 0.71       |   |   |   | 0.64 |   |
| Diluted earnings per share:                                                      |   |                                             | 0.69       |   |   |   | 0.62 |   |

----

|                                    |   | Three Months ended March 31, |    |
|-----------------------------------------|--------|--------------------------------------------------|---------|
|                                    |   | 2011                                             |    |   | 2010 |   |
|                                    |   | RMB’000                                    |    |   | RMB’000 |   |
| Net revenue                             |   |                                             |    |   |   |   |
| Product sales                           |   |                                             |    |   |   |   |
| Segment revenue from external customers |   |                                             |    |   |   |   |
| Digital media                           |   |                                             | 374,783 |   |   |   | 321,191 |   |
| Telecommunications equipment            |   |                                             | 152,770 |   |   |   | 133,564 |   |
| Industrial business                     |   |                                             | 156,209 |   |   |   | 92,091 |   |
|                                    |   |                                             |    |   |   |   |   |   |
|                                    |   |                                             | 683,762 |   |   |   | 546,846 |   |
| Service revenue                         |   |                                             |    |   |   |   |   |   |
| Segment revenue from external customers |   |                                             | -       |   |   |   | 5,953 |   |
| Inter-segment revenue                   |   |                                             | -       |   |   |   | 4,009 |   |
|                                    |   |                                             |    |   |   |   |   |   |
|                                    |   |                                             | -       |   |   |   | 9,962 |   |
| Inter-company elimination               |   |                                             | -       |   |   |   | (4,009 | )  |
|                                    |   |                                             |    |   |   |   |   |   |
|                                    |   |                                             | -       |   |   |   | 5,953 |   |
|                                    |   |                                             |    |   |   |   |   |   |
| Total net revenue                       |   |                                             | 683,762 |   |   |   | 552,799 |   |
|                                    |   |                                             |    |   |   |   |   |   |
| Income from operations                  |   |                                             |    |   |   |   |   |   |
| Product sales                           |   |                                             | 45,270  |   |   |   | 33,562 |   |
| Service revenue                         |   |                                             | -       |   |   |   | 892 |   |
| Unallocated (note i)                    |   |                                             | (12,218 | ) |   |   | (9,940 | ) |
|                                    |   |                                             |    |   |   |   |   |   |
| Total income from operations            |   |                                             | 33,052  |   |   |   | 24,514 |   |
| Interest expense                        |   |                                             | (3,103  | )  |   |   | (1,115 | ) |
| Interest income                         |   |                                             | 3,130   |   |   |   | 3,294 |   |
|                                    |   |                                             |    |   |   |   |   |   |
| Earnings before income taxes            |   |                                             | 33,079  |   |   |   | 26,693 |   |

----

|                  |   | March 31, 2011 |      |   | December 31, 2010 |   |
|-----------------------|--------|--------------------------|-----------|--------|-----------------------------|--------|
|                  |   | RMB’000            |      |   | RMB’000               |   |
| Total assets          |   |                     |      |   |                        |   |
| Product sales         |   |                     | 2,501,010 |   |                        |   | 2,298,459 |   |
| Service revenue       |   |                     | 22,293    |   |                        |   | 21,995 |   |
| Unallocated (note ii) |   |                     | 1,445     |   |                        |   | 1,563 |   |
|                  |   |                     |      |   |                        |   |   |   |
|                  |   |                     | 2,524,748 |   |                        |   | 2,322,017 |   |

----

----

|                                               |   | Three Months endedMarch 31, |   |
|----------------------------------------------------|--------|--------------------------------------------|--------|
|                                               |   | 2011                                       |   |   | 2010 |   |
|                                               |   | RMB’000                              |   |   | RMB’000 |   |
| Beginning balance                                  |   |                                       | 15,332 |   |   |   | 8,455 |   |
| Net income attributable to noncontrolling interest |   |                                       | 2,450  |   |   |   | 273 |   |
| Foreign currency translation adjustments           |   |                                       | (56    | ) |   |   | (55 | ) |
|                                               |   |                                       |   |   |   |   |   |   |
| Ending balance                                     |   |                                       | 17,726 |   |   |   | 8,673 |   |

----

|                           |   | USD’000 |   |   | RMB’000 |   |
|--------------------------------|--------|---------------|--------|--------|---------------|--------|
| Intangible assets              |   |          |   |   |          |   |
| – customer relationships |   |          | 3,300  |   |          |   | 21,786 |   |
| – non-compete agreements |   |          | 13,700 |   |          |   | 90,443 |   |
| – proprietary technology |   |          | 180    |   |          |   | 1,188 |   |
| Goodwill                       |   |          | 7,524  |   |          |   | 49,669 |   |
| Deferred tax liabilities       |   |          | (2,704 | )      |          |   | (18,714 | ) |
|                           |   |          |   |   |          |   |   |   |
| Net asset acquired             |   |          | 22,000 |   |          |   | 144,372 |   |

|                                        |   | Three Months ended March 31, |    |
|---------------------------------------------|--------|--------------------------------------------------|---------|
|                                        |   | 2011                                             |    |   | 2011 |   |   | 2010 |   |
|                                        |   | USD’000(unaudited)                         |    |   | RMB’000(unaudited) |   |   | RMB’000(unaudited) |   |
| Net revenue                                 |   |                                             | 104,418 |   |   |   | 683,762 |   |   |   | 574,865 |   |
| Income from operations                      |   |                                             | 4,765   |   |   |   | 31,200 |   |   |   | 22,925 |   |
| Net Income attributable to Cogo Group, Inc. |   |                                             | 3,896   |   |   |   | 25,509 |   |   |   | 22,433 |   |
| Earnings per share                          |   |                                             |    |   |   |   |   |   |   |   |   |   |
| Basic                                       |   |                                             | 0.10    |   |   |   | 0.67 |   |   |   | 0.60 |   |
| Diluted                                     |   |                                             | 0.10    |   |   |   | 0.65 |   |   |   | 0.59 |   |

----

----

| Item 2. | MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS |
|--------------|---------------------------------------------------------------------------------------------|

----

----

----

|   | • | Comloca Technology (Shenzhen) Company Limited, Shenzhen Huameng Software Company Limited, Viewtran Technology (Shenzhen) Co. Limited and Epcot Multimedia Technology (SZ) Co. Ltd., being production oriented foreign investment enterprises, are entitled to 50% reduction in their income tax rates. They are subject to income tax at 12% for 2011. |
|--------|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | • | Mega Sky (Shenzhen) Limited and Mega Smart (Shenzhen) Limited, being software and integrated circuit design enterprises, are each granted full income tax exemption for 2011. |
|--------|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|                         |   | Three Months endedMarch 31, |    |
|------------------------------|--------|----------------------------------|---------|
|                         |   | 2011                             |    |   | 2010 |   |
|                         |   | RMB’000                    |    |   | RMB’000 |   |
| Net revenue                  |   |                             |    |   |   |   |
| Product sales                |   |                             |    |   |   |   |
| Digital media                |   |                             | 374,783 |   |   |   | 321,191 |   |
| Telecommunications equipment |   |                             | 152,770 |   |   |   | 133,564 |   |
| Industrial business          |   |                             | 156,209 |   |   |   | 92,091 |   |
| Service revenue              |   |                             | -       |   |   |   | 5,953 |   |
|                         |   |                             |    |   |   |   |   |   |
| Total net revenue            |   |                             | 683,762 |   |   |   | 552,799 |   |

----

|                         |   | Three Months ended March 31, |    |
|------------------------------|--------|--------------------------------------------------|---------|
|                         |   | 2011                                             |    |   | 2010 |   |   |   |   |
|                         |   | Amount                                           |    |   | % of NetRevenue |   |   | Amount |   |   | % of NetRevenue |   |   | % Change |   |
|                         |   | USD’000                                    |    |   | RMB’000 |   |   |   |   |   | RMB’000 |   |   |   |   |   |   |   |
| Digital media                |   |                                             | 57,234  |   |   |   | 374,783 |   |   |   | 54.8 | %  |   |   | 321,191 |   |   |   | 58.1 | %  |   |   | 16.7 | %  |
| Telecommunications equipment |   |                                             | 23,330  |   |   |   | 152,770 |   |   |   | 22.3 | %  |   |   | 133,564 |   |   |   | 24.2 | %  |   |   | 14.4 | %  |
| Industrial business          |   |                                             | 23,854  |   |   |   | 156,209 |   |   |   | 22.9 | %  |   |   | 92,091 |   |   |   | 16.6 | %  |   |   | 69.6 | %  |
|                         |   |                                             |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total product sales          |   |                                             | 104,418 |   |   |   | 683,762 |   |   |   | 100 | %  |   |   | 546,846 |   |   |   | 98.9 | %  |   |   | 25.0 | % |

|            |   | Three Months ended March 31, |   |
|-----------------|--------|--------------------------------------------------|--------|
|            |   | 2011                                             |   |   | 2010 |   |   |   |   |
|            |   | Amount                                           |   |   | % of NetRevenue |   |   | Amount |   |   | % of NetRevenue |   |   | % Change |   |
|            |   | USD’000                                    |   |   | RMB’000 |   |   |   |   |   | RMB’000 |   |   |   |   |   |   |   |
| Service revenue |   |                                             | -      |   |   |   | - |   |   |   | - |   |   |   | 5,953 |   |   |   | 1.1 | %  |   |   | (100.0 | )% |

----

|                                |   | Three Months ended March 31, |   |
|-------------------------------------|--------|--------------------------------------------------|--------|
|                                |   | 2011                                             |   |   | 2010 |   |   |   |   |
|                                |   | Amount                                           |   |   | % of NetRevenue |   |   | Amount |   |   | % of NetRevenue |   |   | % change |   |
|                                |   | USD’000                                    |   |   | RMB’000 |   |   |   |   |   | RMB’000 |   |   |   |   |   |   |   |
| Selling expenses                    |   |                                             | 1,880  |   |   |   | 12,315 |   |   |   | 1.8 | %  |   |   | 9,646 |   |   |   | 1.8 | %  |   |   | 27.7 | %  |
| General and administrative expenses |   |                                             | 4,584  |   |   |   | 30,016 |   |   |   | 4.4 | %  |   |   | 27,914 |   |   |   | 5.0 | %  |   |   | 7.5 | %  |
| R&D expenses                    |   |                                             | 3,321  |   |   |   | 21,745 |   |   |   | 3.2 | %  |   |   | 16,031 |   |   |   | 2.9 | %  |   |   | 35.6 | %  |
|                                |   |                                             |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total                               |   |                                             | 9,785  |   |   |   | 64,076 |   |   |   | 9.4 | %  |   |   | 53,591 |   |   |   | 9.7 | %  |   |   | 19.6 | % |

----

----

| Item 3. | QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK |
|--------------|------------------------------------------------------------|

----

| Item 4. | CONTROLS AND PROCEDURES |
|--------------|-------------------------|

| Item 1. | LEGAL PROCEEDINGS |
|--------------|-------------------|

| Item 1A. | RISK FACTORS |
|---------------|--------------|

----

| Item 2. | UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS |
|--------------|-------------------------------------------------------------|

| Item 3. | DEFAULTS UPON SENIOR SECURITIES |
|--------------|---------------------------------|

| Item 4. | (REMOVED AND RESERVED) |
|--------------|------------------------|

| Item 5. | OTHER INFORMATION |
|--------------|-------------------|

| Item 6. | EXHIBITS |
|--------------|----------|

| ExhibitNo. |    | Document Description                                                                                                                                                                           |
|------------|--------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 10.1       |    | Factoring Agreement by and between Bank of China (Hong Kong) Limited and Comtech Broadband Corporation Limited(1)                                                                                   |
|       |         |                                                                                                                                                                                                |
| 10.2       |    | Amendment to the Factoring Agreement by and between Bank of China (Hong Kong) Limited and Comtech Broadband Corporation Limited, dated October 13, 2010. (1)                                        |
|       |         |                                                                                                                                                                                                |
| 31.1       |    | Certification of Chief Executive Officer pursuant to Rule 13a-14(a)/15d-14(a) of the Securities Exchange Act of 1934, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.         |
|       |         |                                                                                                                                                                                                |
| 31.2       |    | Certification of the Principal Financial Officer pursuant to Rule 13a-14(a)/15d-14(a) of the Securities Exchange Act of 1934, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002. |
|       |         |                                                                                                                                                                                                |
| 32.1       |    | Certification of Chief Executive Officer Pursuant to 18 U.S.C. 1350 (Section 906 of the Sarbanes-Oxley Act of 2002).                                                                                |
|       |         |                                                                                                                                                                                                |
| 32.2       |    | Certification of Principal Financial Officer Pursuant to 18 U.S.C. 1350 (Section 906 of the Sarbanes-Oxley Act of 2002).                                                                            |

----

| (1) | Incorporated by reference to the Company’s Current Report on Form 8-K filed with the Commission on January 3, 2011. |
|-----|--------------------------------------------------------------------------------------------------------------------------------|

----

|         |   | COGO GROUP, INC. |
|--------------|--------|------------------|
|         |   |             |
| May 10, 2011 |   | By:              | /s/    Jeffrey Kang |
|         |   |             | Jeffrey Kang, Chairman and Chief Executive Officer(Principal Executive Officer) |
|         |   |             |
| May 10, 2011 |   | By:              | /s/    Frank Zheng |
|         |   |             | Frank Zheng, Chief Financial Officer(Principal Financial Officer) |

----