----

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**UNITED      STATES**

**SECURITIES      AND EXCHANGE COMMISSION**

**WASHINGTON,      D.C. 20549**

**____________________________**

**FORM      10-Q**

| x | Quarterly                report under Section 13 or 15(d) of the Securities Exchange Act of                1934 |
|---|-----------------------------------------------------------------------------------------------------------------|

**For      the quarterly period ended June 30, 2007**

| o | Transition                report under Section 13 or 15(d) of the Exchange                Act |
|---|-----------------------------------------------------------------------------------------------|

**For      the transition period from _____________ to _____________**

**Commission      File Number 000-51431**

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**Chardan      North China Acquisition Corporation**

| **Delaware**                                                                                                                    | **20-2479743**                                      |
|---------------------------------------------------------------------------------------------------------------------------------|-----------------------------------------------------|
| (State                or other Jurisdiction of Incorporation or Organization)                                                   | (I.R.S.                Employer Identification No.) |
|                                                                                                                            |                                                |
| **625                Broadway, Suite 1111, San Diego, California 92101**(Address                of principal executive offices) |
| **(619)                795-4627**(Registrant’s                telephone number, including area code)                      |
|                                                                                                                            |

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**CHARDAN      NORTH CHINA ACQUISITION CORPORATION**

**FORM      10-Q**

**INDEX**

| **Part                  I**  | **Financial                  Information:**                                                                             |   |
|------------------------------|-------------------------------------------------------------------------------------------------------------------------|--------|
|                         |                                                                                                                    |   |
| Item                  1      | Financial                  Statements (Unaudited):                                                                      |   |
|                         |                                                                                                                    |   |
|                         | Balance                  Sheet                                                                                          | F-1    |
|                         |                                                                                                                    |   |
|                         | Statements                  of Operations                                                                               | F-2    |
|                         |                                                                                                                    |   |
|                         | Statement                  of Stockholders’ Equity                                                                | F-3    |
|                         |                                                                                                                    |   |
|                         | Statement                  of Cash Flows                                                                                | F-4    |
|                         |                                                                                                                    |   |
|                         | Notes                  to Financial Statements                                                                          | 3-6    |
|                         |                                                                                                                    |   |
| Item                  2      | Management's                  Discussion and Analysis of Financial Condition and Results of                  Operations | 6      |
|                         |                                                                                                                    |   |
| Item                  3      | Quantitative                  and Qualitative Disclosures About Market Risk                                             | 8      |
|                         |                                                                                                                    |   |
| Item                  4      | Controls                  and Procedures                                                                                | 8      |
|                         |                                                                                                                    |   |
| **Part                  II** | **Other                  Information**                                                                                  |   |
|                         |                                                                                                                    |   |
| Item                  1A     | Risk                  Factors                                                                                           | 9      |
|                         |                                                                                                                    |   |
| Item                  6      | Exhibits                                                                                                                | 9      |
|                         |                                                                                                                    |   |
| Signatures                   |                                                                                                                    | 10     |

----

| **Chardan                    North China Acquisition Corporation** |
|--------------------------------------------------------------------|
| **(A                    Development Stage Company)**               |
| **Condensed                    Balance Sheets**                    |

|                                                                          |   | June                    30, 2007 |       | December                    31, 2006 |   |
|-------------------------------------------------------------------------------|--------|----------------------------------|------------|--------------------------------------|--------|
|                                                                          |   | (Unaudited)                      |       |                                 |   |
|                                                                          |   |                             |       |                                 |   |
| ASSETS                                                                        |   |                             |       |                                 |   |
| Current                    assets:                                            |   |                             |       |                                 |   |
| Cash                    and cash equivalents                                  |   | $                                | -          |                                 | $      | 529 |   |
| Investments                    held in trust                                  |   |                             | 31,822,482 |                                 |   | 31,294,931 |   |
| Prepaid                    expenses and other                                 |   |                             | 16,170     |                                 |   | 25,768 |   |
| Total                    current assets                                       |   |                             | 31,838,652 |                                 |   | 31,321,228 |   |
|                                                                          |   |                             |       |                                 |   |   |   |
| Long                    term deferred tax asset                               |   |                             | 296,534    |                                 |   | 292,188 |   |
|                                                                          |   |                             |       |                                 |   |   |   |
| Total                    Assets                                               |   | $                                | 32,135,186 |                                 | $      | 31,613,416 |   |
|                                                                          |   |                             |       |                                 |   |   |   |
| LIABILITIES                    AND STOCKHOLDERS' EQUITY                       |   |                             |       |                                 |   |   |   |
| Current                    liabilities:                                       |   |                             |       |                                 |   |   |   |
| Accounts                    payable and accrued liabilities                   |   | $                                | 972,303    |                                 | $      | 507,871 |   |
| Income                    taxes payable                                       |   |                             | 255,325    |                                 |   | 203,955 |   |
| Notes                    payable, related parties                             |   |                             | 162,204    |                                 |   | 107,500 |   |
| Deferred                    interest                                          |   |                             | 398,563    |                                 |   | 293,106 |   |
| Total                    current liabilities                                  |   |                             | 1,788,395  |                                 |   | 1,112,432 |   |
|                                                                          |   |                             |       |                                 |   |   |   |
| Commitments                                                                   |   |                             |       |                                 |   |   |   |
|                                                                          |   |                             |       |                                 |   |   |   |
| Common                    stock subject to possible conversion                |   |                             | 5,964,017  |                                 |   | 5,964,017 |   |
| 1,149,425                    shares at conversion value                       |   |                             |       |                                 |   |   |   |
|                                                                          |   |                             |       |                                 |   |   |   |
| Stockholders'                    equity:                                      |   |                             |       |                                 |   |   |   |
| Preferred                    stock, $.0001 par value, 1,000,000               |   |                             | -          |                                 |   | - |   |
| shares                    authorized, none issued                             |   |                             |       |                                 |   |   |   |
| Common                    stock, $.0001 par value: 20,000,000                 |   |                             | 700        |                                 |   | 700 |   |
| shares                    authorized, 7,000,000 shares issued and outstanding |   |                             |       |                                 |   |   |   |
| (includes                    1,149,425 shares subject to possible conversion) |   |                             |       |                                 |   |   |   |
| Additional                    paid-in capital                                 |   |                             | 25,006,126 |                                 |   | 25,006,126 |   |
| Deficit                    accumulated during the development stage           |   |                             | (624,052   | )                                    |   | (469,859 | ) |
| Total                    stockholders' equity                                 |   |                             | 24,382,774 |                                 |   | 24,536,967 |   |
|                                                                          |   |                             |       |                                 |   |   |   |
| Total                    Liabilities and Stockholders' Equity                 |   | $                                | 32,135,186 |                                 | $      | 31,613,416 |   |

----

| **Chardan                    North China Acquisition Corporation** |
|--------------------------------------------------------------------|
| **(A                    Development Stage Company)**               |
| **Condensed                    Statements of Operations**          |

|                                                                       |   |                             |      |                             |   |                             |   |                             |      | From                              |   |
|----------------------------------------------------------------------------|--------|----------------------------------|-----------|----------------------------------|--------|----------------------------------|--------|----------------------------------|-----------|-----------------------------------|--------|
|                                                                       |   | Three                            |      | Three                            |   | Six                              |   | Six                              |      | March                    10, 2005 |   |
|                                                                       |   | Months                           |      | Months                           |   | Months                           |   | Months                           |      | (Inception)                       |   |
|                                                                       |   | Ended                            |      | Ended                            |   | Ended                            |   | Ended                            |      | Through                           |   |
|                                                                       |   | June                    30, 2007 |      | June                    30, 2006 |   | June                    30, 2007 |   | June                    30, 2006 |      | June                    30, 2007  |   |
|                                                                       |   | (Unaudited)                      |      | (Unaudited)                      |   | (Unaudited)                      |   | (Unaudited)                      |      | (Unaudited)                       |   |
|                                                                       |   |                             |      |                             |   |                             |   |                             |      |                              |   |
| Costs                    and Expenses                                      |   |                             |      |                             |   |                             |   |                             |      |                              |   |
| Admin                    and office support                                |   |                             | 22,500    |                             |   | 22,500                           |   |                             | 45,000    |                              |   | 45,000 |   |   | 172,500 |   |
| Consulting                                                                 |   |                             | -         |                             |   | -                                |   |                             | -         |                              |   | - |   |   | 66,700 |   |
| Insurance                                                                  |   |                             | 16,888    |                             |   | 17,500                           |   |                             | 39,374    |                              |   | 35,000 |   |   | 131,861 |   |
| Marketing                    fees                                          |   |                             | 18,115    |                             |   | 30,347                           |   |                             | 50,212    |                              |   | 55,183 |   |   | 169,977 |   |
| Professional                    fees                                       |   |                             | 171,049   |                             |   | 166,827                          |   |                             | 331,887   |                              |   | 360,218 |   |   | 1,003,317 |   |
| State                    franchise tax                                     |   |                             | 9,928     |                             |   | 5,875                            |   |                             | 13,100    |                              |   | 11,750 |   |   | 60,876 |   |
| Travel                                                                     |   |                             | 5,637     |                             |   | 77,513                           |   |                             | 12,862    |                              |   | 163,683 |   |   | 355,386 |   |
| Other                    operating costs                                   |   |                             | 8,948     |                             |   | 12,117                           |   |                             | 17,892    |                              |   | 36,607 |   |   | 102,537 |   |
|                                                                       |   |                             |      |                             |   |                             |   |                             |      |                              |   |   |   |   |   |   |
| Total                    costs and expenses                                |   |                             | 253,065   |                             |   | 332,679                          |   |                             | 510,327   |                              |   | 707,441 |   |   | 2,063,154 |   |
|                                                                       |   |                             |      |                             |   |                             |   |                             |      |                              |   |   |   |   |   |   |
| Operating                    loss                                          |   |                             | (253,065  | )                                |   | (332,679                         | )      |                             | (510,327  | )                                 |   | (707,441 | ) |   | (2,063,154 | ) |
|                                                                       |   |                             |      |                             |   |                             |   |                             |      |                              |   |   |   |   |   |   |
| Other                    income (expense):                                 |   |                             |      |                             |   |                             |   |                             |      |                              |   |   |   |   |   |   |
| Interest                    income                                         |   |                             | 218,153   |                             |   | 173,878                          |   |                             | 422,094   |                              |   | 419,229 |   |   | 1,600,394 |   |
| Other                    income                                            |   |                             | -         |                             |   | -                                |   |                             | 35,000    |                              |   | - |   |   | 35,000 |   |
| Interest                    expense                                        |   |                             | (7,915    | )                                |   | -                                |   |                             | (10,459   | )                                 |   | - |   |   | (12,224 | ) |
| Penalties                    - income tax                                  |   |                             | (43,477   | )                                |   | -                                |   |                             | (43,477   | )                                 |   | - |   |   | (43,477 | ) |
|                                                                       |   |                             |      |                             |   |                             |   |                             |      |                              |   |   |   |   |   |   |
|                                                                       |   |                             |      |                             |   |                             |   |                             |      |                              |   |   |   |   |   |   |
|                                                                       |   |                             |      |                             |   |                             |   |                             |      |                              |   |   |   |   |   |   |
| Net                    loss before income tax provision                    |   |                             | (86,304   | )                                |   | (158,801                         | )      |                             | (107,169  | )                                 |   | (288,212 | ) |   | (483,461 | ) |
|                                                                       |   |                             |      |                             |   |                             |   |                             |      |                              |   |   |   |   |   |   |
| Income                    tax (expense) benefit                            |   |                             | (23,225   | )                                |   | 42,875                           |   |                             | (47,024   | )                                 |   | 59,288 |   |   | (140,591 | ) |
|                                                                       |   |                             |      |                             |   |                             |   |                             |      |                              |   |   |   |   |   |   |
| Net                    loss                                                |   | $                                | (109,529  | )                                | $      | (115,926                         | )      | $                                | (154,193  | )                                 | $      | (228,924 | ) | $ | (624,052 | ) |
|                                                                       |   |                             |      |                             |   |                             |   |                             |      |                              |   |   |   |   |   |   |
| Loss                    per share - basic and diluted                      |   |                             | (0.02     | )                                |   | (0.02                            | )      |                             | (0.02     | )                                 |   | (0.03 | ) |   | (0.10 | ) |
| Weighted                    average shares outstanding - basic and diluted |   |                             | 7,000,000 |                             |   | 7,000,000                        |   |                             | 7,000,000 |                              |   | 7,000,000 |   |   | 6,016,627 |   |

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| **Chardan                    North China Acquisition Corporation**                                |
|---------------------------------------------------------------------------------------------------|
| **(A                    Development Stage Company)**                                              |
| **Condensed                    Statements of Changes in Stockholders'                    Equity** |

|                                                                                                               |   |   |      | Additional                   |   |        |   | Stockholders' |       |
|--------------------------------------------------------------------------------------------------------------------|--------|--------|-----------|------------------------------|--------|-------------|--------|---------------|------------|
|                                                                                                               |   | Common |      | Paid                    - In |   | Accumulated |   | Equity        |       |
|                                                                                                               |   | Shares |      | Amount                       |   | Capital     |   | (Deficit)     |       | (Deficit) |   |
|                                                                                                               |   |   |      |                         |   |        |   |          |       |   |   |
| Issuance                    of common shares to initial shareholders on March 10, 2005                             |   |   | 1,250,000 |                         | $      | 125         |   | $             | 24,875     |   | $ | - |   | $ | 25,000 |   |
| at                    $0.02 per share                                                                              |   |   |      |                         |   |        |   |          |       |   |   |   |   |   |   |   |
| Sale                    of 5,750,000 units, net of underwriters' discount and offering                    expenses |   |   | 5,750,000 |                         |   | 575         |   |          | 30,945,168 |   |   | - |   |   | 30,945,743 |   |
| (includes                    1,149,425 shares subject to possible conversion)                                      |   |   |      |                         |   |        |   |          |       |   |   |   |   |   | - |   |
| Proceeds                    subject to possible conversion of 1,149,425 shares                                     |   |   | -         |                         |   | -           |   |          | (5,964,017 | ) |   | - |   |   | (5,964,017 | ) |
| Proceeds                    from issuance of an underwriter's option                                               |   |   | -         |                         |   | -           |   |          | 100        |   |   | - |   |   | 100 |   |
| Loss                    for the twelve monts ended December 31, 2005                                               |   |   | -         |                         |   | -           |   |          | -          |   |   | (101,742 | ) |   | (101,742 | ) |
|                                                                                                               |   |   |      |                         |   |        |   |          |       |   |   |   |   |   |   |   |
|                                                                                                               |   |   |      |                         |   |        |   |          |       |   |   |   |   |   |   |   |
| Balance                    at December 31, 2005                                                                    |   |   | 7,000,000 |                         | $      | 700         |   | $             | 25,006,126 |   | $ | (101,742 | ) | $ | 24,905,084 |   |
|                                                                                                               |   |   |      |                         |   |        |   |          |       |   |   |   |   |   |   |   |
| Loss                    for the twelve months ended December 31, 2006                                              |   |   |      |                         |   |        |   |          |       |   |   | (368,117 | ) |   | (368,117 | ) |
|                                                                                                               |   |   |      |                         |   |        |   |          |       |   |   |   |   |   |   |   |
| Balance                    at December 31, 2006                                                                    |   |   | 7,000,000 |                         | $      | 700         |   | $             | 25,006,126 |   | $ | (469,859 | ) | $ | 24,536,967 |   |
| Unaudited:                                                                                                         |   |   |      |                         |   |        |   |          |       |   |   |   |   |   |   |   |
| Loss                    for the six months ended June 30, 2007                                                     |   |   |      |                         |   |        |   |          |       |   |   | (154,193 | ) |   | (154,193 | ) |
|                                                                                                               |   |   |      |                         |   |        |   |          |       |   |   |   |   |   |   |   |
| Balance                    at June 30, 2007                                                                        |   |   | 7,000,000 |                         | $      | 700         |   | $             | 25,006,126 |   | $ | (624,052 | ) | $ | 24,382,774 |   |

----

| **Chardan                      North China Acquisition Corporation** |
|----------------------------------------------------------------------|
| **(A                      Development Stage Company)**               |
| **Condensed                      Statement of Cash Flows**           |

|                                                                                                                |   |                               |     |                               |   | From                                |   |
|---------------------------------------------------------------------------------------------------------------------|--------|------------------------------------|----------|------------------------------------|--------|-------------------------------------|--------|
|                                                                                                                |   | Six                                |     | Six                                |   | March                      10, 2005 |   |
|                                                                                                                |   | Months                             |     | Months                             |   | (Inception)                         |   |
|                                                                                                                |   | Ended                              |     | Ended                              |   | Through                             |   |
|                                                                                                                |   | June                      30, 2007 |     | June                      30, 2006 |   | June                      30, 2007  |   |
|                                                                                                                |   | (Unaudited)                        |     | (Unaudited)                        |   | (Unaudited)                         |   |
|                                                                                                                |   |                               |     |                               |   |                                |   |
| Cash                      Flows from Operating Activities:                                                          |   |                               |     |                               |   |                                |   |
| Net                      loss                                                                                       |   | $                                  | (154,193 | )                                  | $      | (228,924                            | )      | $ | (624,052 | ) |
| Adjustments                      to reconcile net loss to net cash                                                  |   |                               |     |                               |   |                                |   |   |   |   |
| used                      in operating activities:                                                                  |   |                               |     |                               |   |                                |   |   |   |   |
| Amortization                      of discounts and interest earned on securities held in                      trust |   |                               | (527,551 | )                                  |   | (520,132                            | )      |   | (1,987,481 | ) |
| Changes                      in operating Assets and Liabilities:                                                   |   |                               |     |                               |   |                                |   |   |   |   |
| Prepaid                      expenses and other current assets                                                      |   |                               | 9,598    |                               |   | 42,500                              |   |   | (6,001 | ) |
| Cash                      received on interest bearing accounts                                                     |   |                               |     |                               |   | (3,070                              | )      |   | (3,070 | ) |
| Deferred                      tax asset                                                                             |   |                               | (4,346   | )                                  |   | (274,469                            | )      |   | (296,534 | ) |
| Accounts                      payable and accrued liabilities                                                       |   |                               | 464,431  |                               |   | 35,908                              |   |   | 972,303 |   |
| Income                      taxes payable                                                                           |   |                               | 51,370   |                               |   | 33,381                              |   |   | 255,325 |   |
| Deferred                      interest                                                                              |   |                               | 105,458  |                               |   | 103,974                             |   |   | 398,563 |   |
| Net                      cash used by operating activities                                                          |   |                               | (55,233  | )                                  |   | (810,832                            | )      |   | (1,290,947 | ) |
|                                                                                                                |   |                               |     |                               |   |                                |   |   |   |   |
| Cash                      Flows from Investing Activities:                                                          |   |                               |     |                               |   |                                |   |   |   |   |
| Cash                      received on interest bearing accounts                                                     |   |                               |     |                               |   | 3,070                               |   |   | 3,070 |   |
| Purchases                      of investments held in trust                                                         |   |                               | -        |                               |   | -                                   |   |   | (29,835,000 | ) |
| Net                      cash used by investing activities                                                          |   |                               | -        |                               |   | 3,070                               |   |   | (29,831,930 | ) |
|                                                                                                                |   |                               |     |                               |   |                                |   |   |   |   |
| Cash                      Flows from Financing Activities                                                           |   |                               |     |                               |   |                                |   |   |   |   |
| Proceeds                      from related party loans                                                              |   |                               | 54,704   |                               |   | -                                   |   |   | 162,204 |   |
| Proceeds                      from issuance of common stock                                                         |   |                               | -        |                               |   | -                                   |   |   | 34,525,000 |   |
| Proceeds                      from issuance of option                                                               |   |                               | -        |                               |   | -                                   |   |   | 100 |   |
| Payment                      of costs associated with public offering                                               |   |                               | -        |                               |   | -                                   |   |   | (3,554,257 | ) |
| Advance                      to affiliate                                                                           |   |                               | -        |                               |   | -                                   |   |   | (10,170 | ) |
| Net                      cash provided by financing activities                                                      |   |                               | 54,704   |                               |   | -                                   |   |   | 31,122,877 |   |
|                                                                                                                |   |                               |     |                               |   |                                |   |   |   |   |
| Net                      increase in cash and cash equivalents                                                      |   |                               | (529     | )                                  |   | (807,762                            | )      |   | - |   |
| Cash                      and cash equivalents, beginning of the period                                             |   |                               | 529      |                               |   | 856,380                             |   |   | - |   |
| Cash                      and cash equivalents, end of the period                                                   |   | $                                  | -        |                               | $      | 48,618                              |   | $ | - |   |
|                                                                                                                |   |                               |     |                               |   |                                |   |   |   |   |
|                                                                                                                |   |                               |     |                               |   |                                |   |   |   |   |
| Cash                      paid for taxes                                                                            |   | $                                  | -        |                               | $      | 181,800                             |   | $ | 181,800 |   |
| Cash                      paid for interest                                                                         |   | $                                  | -        |                               | $      | -                                   |   | $ | - |   |

----

**CHARDAN      NORTH CHINA ACQUISITION CORPORATION**

**(A      DEVELOPMENT STAGE COMPANY)**

**NOTES      TO THE FINANCIAL STATEMENTS**

**FOR      THE THREE MONTHS ENDED MARCH 31, 2007**

**1.      SUMMARY OF ORGANIZATION AND BASIS OF PRESENTATION**

----

***Accounting      Pronouncements:***

**2.      GOING CONCERN**

**3.      RELATED PARTY TRANSACTIONS**

----

**4.      NOTES PAYABLE - RELATED PARTIES**

| Unsecured                demand notes payable - shareholder notes bearing an annual interest                rate                of 8% due on various dates during 2007 and 2008. |   | $ | 162,204 |   |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|---|---------|--------|

**5.      MATERIAL AGREEMENTS**

----

| **Year                  Ending December 31** |   | **After-Tax                  Profit** |       |
|----------------------------------------------|--------|---------------------------------------|------------|
| 2007                                         |   | $                                     | 23,000,000 |   |
| 2008                                         |   | $                                     | 32,000,000 |   |
| 2009                                         |   | $                                     | 43,000,000 |   |
| 2010                                         |   | $                                     | 61,000,000 |   |
| 2011                                         |   | $                                     | 71,000,000 |   |

**ITEM      2.**
**MANAGEMENT’S      DISCUSSION AND ANALYSIS****OF      FINANCIAL CONDITION AND RESULTS OF OPERATIONS**

**Forward      Looking Statements**

***Recent      Developmen***

----

*Financial      Performance*

----

**ITEM      3.**
**QUANTITATIVE      AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK.**

**ITEM      4.**
**CONTROLS      AND PROCEDURES****.**

----

**PART      II. OTHER INFORMATION**

**ITEM      1A** **RISK      FACTORS.**

**ITEM      6.**
**EXHIBITS.**

|  | (a) | Exhibits: |
|--|-----|-----------|

| * | Incorporated                by reference from the registration statement on Form S-1 (Reg. No.                333-132826) |
|---|---------------------------------------------------------------------------------------------------------------------------|

| ** | Incorporated                by reference from the Current Report on Form 8-K filed August 10,                2007 |
|----|-------------------------------------------------------------------------------------------------------------------|

----

SIGNATURES

|                                |                                                                                                      |                           |
|-------------------------------------|-----------------------------------------------------------------------------------------------------------|--------------------------------|
| Dated:              August 14, 2007 | CHARDAN                NORTH CHINA ACQUISITION CORPORATION                                                |
|                           |                                                                                                 |                      |
|                                | By:                                                                                             | /s/ Li              Zhang |
|                                | Li                ZhangChief                Executive Officer(Principal                Executive Officer) |

|   |                                                                                                                                                                      |                                  |
|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------|---------------------------------------|
|   | By:                                                                                                                                                             | /s/ Kerry                Propper |
|   | Kerry                    PropperChief                    Financial Officer and Secretary(Principal                    Accountingand                    Financial Officer) |

----