UNITED STATES SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                   FORM 10-QSB

     [X]      QUARTERLY  REPORT  UNDER  SECTION  13  OR  15(d) OF THE SECURITIES
              EXCHANGE  ACT  OF  1934

                For  the  Quarterly  Period  Ended  December  31,  2000

     [ ]       TRANSITION  REPORT  UNDER  SECTION 13 OR 15(d) OF THE SECURITIES
               EXCHANGE  ACT  OF  1934

                For  the  transition  period  from  _________  to  _________

                         Commission File Number: 0-25963

                               AGROCAN CORPORATION
        ----------------------------------------------------------------
        (Exact name of small business issuer as specified in its charter)

           Delaware
-------------------------------                       -------------------
(State or other jurisdiction of                        (I.R.S. Employer
incorporation or organization)                       Identification Number)

             CLI Building, 313 Hennessy Road, Suite 1003, Hong Kong
             ------------------------------------------------------
                  (Address  of  principal  executive  offices)

                                011-852-2519-3933
                           --------------------------
                           (Issuer's telephone number)

                                 Not applicable
               ---------------------------------------------------
    (Former name, former address and former fiscal year, if changed since last
                                    report.)

Check  whether  the issuer (1) filed all reports required to be filed by Section
13  or  15(d) of the Exchange Act during the past 12 months (or for such shorter
period  that the registrant was required to file such reports), and (2) has been
subject  to  such  filing  requirements  for  the  past  90  days.
Yes  [X]  No  [ ]

As of December 31, 2000, the Company had 2,334,970 shares of common stock issued
and  outstanding.
Transitional  Small  Business  Disclosure  Format:  Yes  [ ]  No  [X]
Documents  incorporated  by  reference:  None.


<PAGE>
                              AGROCAN  CORPORATION

                                      INDEX

PART  I.   FINANCIAL  INFORMATION

     Item  1.  Financial  Statements

              Consolidated  Balance  Sheet  (Unaudited)  -  December  31,  2000

              Consolidated  Statements  of  Operations  and Comprehensive Income
              (Loss)(Unaudited) - Three Months Ended December 31,  2000 and 1999

              Consolidated  Statements  of Cash Flows (Unaudited) - Three Months
              Ended  December  31,  2000  and  1999

              Notes  to  Consolidated  Financial Statements  (Unaudited) - Three
              Months  Ended  December  31,  2000  and  1999

     Item  2.  Management's  Discussion  and  Analysis  or  Plan  of  Operation


PART  II.  OTHER  INFORMATION

     Item  2.  Changes  in  Securities  and  Use  of  Proceeds

     Item  6.  Exhibits  and  Reports  on  Form  8-K


SIGNATURES


<PAGE>
<TABLE>
<CAPTION>
                                 AGROCAN  CORPORATION
                        CONSOLIDATED  BALANCE  SHEET  (UNAUDITED)
                                 DECEMBER  31,  2000

                                                   USD        RMB
                                                ---------------------
<S>                                             <C>        <C>
 ASSETS
CURRENT ASSETS
            Cash and cash equivalents             141,216   1,172,090
            Accounts receivable, net            4,846,719  40,227,766
            Other receivables and prepayments     479,911   3,983,258
            Inventories                           357,095   2,963,896
            Deposits                               60,288     500,387
            Amount due from related parties       359,248   2,981,759
                                                ---------------------

            TOTAL CURRENT ASSETS                6,244,477  51,829,156

PROPERTY, PLANT AND EQUIPMENT - NET               777,240   6,451,100
DEFERRED COSTS                                     25,103     208,353
                                                ---------------------

            TOTAL ASSETS                        7,046,820  58,488,609
                                                =====================

LIABILITIES AND SHAREHOLDERS' EQUITY
CURRENT LIABILITIES
            Short-term bank loans                 120,482   1,000,000
            Short-term loans-unsecured            479,543   3,980,211
            Accounts payable                    2,564,389  21,284,433
            Other payables and accruals           246,011   2,041,891
            Notes payable                          49,880     414,000
            Income tax payable                     98,494     817,501
            Deposit received                      178,510   1,481,629
            Amount due to related parties         446,156   3,703,092
                                                ---------------------

            TOTAL CURRENT LIABILITIES           4,183,465  34,722,757

MINORITY INTEREST                                 133,367   1,106,949


                                   (Continue)
                 See notes to consolidated financial statements.
</TABLE>


<PAGE>
                               AGROCAN CORPORATION
               CONSOLIDATED BALANCE SHEET (UNAUDITED) (CONTINUED)
                                DECEMBER 31, 2000



SHAREHOLDERS' EQUITY
          Preferred stock, par value US$0.0001 per share,
               authorized 10,000,000 shares;
               none issued
          Common stock, par value US$0.0001 per share,
                authorized 25,000,000 shares; issued and
                outstanding 2,334,970 shares at
                December 31, 2000                               233       1,934
          Capital in excess of par value                  1,358,385  11,274,599
                Retained earnings
                Unappropriated                            1,313,147  10,899,116
                Appropriated                                 56,049     465,204
          Other comprehensive income                          2,175      18,050
                                                          ---------------------

          TOTAL SHAREHOLDERS' EQUITY                      2,729,988  22,658,903
                                                          ---------------------

          TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY      7,046,820  58,488,609
                                                          =====================


                   See notes to consolidated financial statements.


<PAGE>
                               AGROCAN CORPORATION
                    CONSOLIDATED STATEMENT OF OPERATIONS AND
                      COMPREHENSIVE INCOME (LOSS) (UNAUDITED)
                   THREE MONTHS ENDED DECEMBER 31, 2000 AND 1999


                                           2000       2000        1999
                                         --------  ----------  -----------
                                            USD        RMB         RMB

NET SALES                                264,956   2,199,132   10,592,800

COST OF SALES                            198,917   1,651,009    8,805,562
                                         ---------------------------------

GROSS PROFIT                              66,039     548,123    1,787,238

ADMINISTRATIVE AND GENERAL EXPENSES      (94,779)   (786,668)  (1,045,523)

SELLING EXPENSES                          (2,400)    (19,921)     (60,500)
                                         ---------------------------------

INCOME (LOSS) FROM OPERATIONS            (31,140)   (258,466)     681,215

OTHER INCOME (EXPENSE)
  Interest income                              -           -       18,561
  Interest expense                        (1,280)    (10,626)           -
  Amortization of loan fees              (18,212)   (151,153)    (154,071)
                                         ---------------------------------

INCOME (LOSS) BEFORE INCOME TAXES        (50,632)   (420,245)     545,705

INCOME TAXES                               3,365      27,926        1,221
                                         ---------------------------------

INCOME (LOSS) BEFORE MINORITY INTEREST   (53,997)   (448,171)     544,484

MINORITY INTEREST                          2,721      22,582       79,368
                                         ---------------------------------

NET INCOME (LOSS)                        (51,276)   (425,589)     623,852
                                         =================================


                                   (Continued)


<PAGE>
<TABLE>
<CAPTION>
                                 AGROCAN CORPORATION
                      CONSOLIDATED STATEMENT OF OPERATIONS AND
                 COMPREHENSIVE INCOME (LOSS) (UNAUDITED) (CONTINUED)
                       THREE MONTHS ENDED DECEMBER 31, 2000 AND 1999

<S>                                               <C>         <C>         <C>
OTHER COMPREHENSIVE INCOME (LOSS)
  Foreign currency translation
  adjustments                                             -           -      (1,983)

COMPREHENSIVE INCOME (LOSS)                         (51,276)   (425,589)    621,869
                                                  ==================================

WEIGHTED AVERAGE SHARES OUTSTANDING
  Basic                                           2,334,970   2,334,970   2,170,646
  Diluted                                         2,334,970   2,334,970   2,512,361

BASIC EARNINGS (LOSS) PER SHARE                       (0.02)      (0.18)       0.29
                                                  ----------------------------------
DILUTED EARNINGS (LOSS) PER SHARE                     (0.02)      (0.18)       0.25
                                                  ----------------------------------

 See notes to consolidated financial statements
</TABLE>


<PAGE>
<TABLE>
<CAPTION>
                                    AGROCAN  CORPORATION
                          CONSOLIDATED  STATEMENTS  OF  CASH FLOWS
                                          (UNAUDITED)
                      THREE  MONTHS  ENDED  DECEMBER  31,  2000  AND  1999

                                                         2000        2000         1999
                                                       -----------------------------------
                                                         USD          RMB         RMB
<S>                                                    <C>        <C>          <C>
OPERATING ACTIVITIES
Net income (loss)                                       (51,276)    (425,589)     623,852
  Adjustments to reconcile net income to net cash
  (used in) provided by operating activities:
  Amortization of deferred costs                         18,212      151,153      183,276
  Depreciation                                           17,982      149,245      149,983
  Minority interest                                      (2,721)     (22,582)     (79,368)
  Increase in accounts receivable                      (264,690)  (2,196,926)  (9,461,640)
  (Increase) decrease in other receivables, deposits
   and prepayments                                     (429,933)  (3,568,436)     339,731
  Increase in inventories                               (21,264)    (176,495)  (3,026,974)
  Decrease in amounts due from related parties           92,420      767,091      356,537
  Increase in accounts payable                           15,035      124,791    4,012,568
  Decrease in income tax payable                         (3,593)     (29,823)           -
  Increase in other payables and accruals                76,153      632,075    3,927,077
  Increase in amounts due to related parties              4,819       39,991            -
                                                       -----------------------------------

  Net cash used in operating activities                (548,856)  (4,555,505)  (2,974,958)
                                                       -----------------------------------

INVESTING ACTIVITIES
  Additions to property, plant and equipment            (36,517)    (303,091)    (181,172)
                                                       -----------------------------------

  Net cash used in investing activities                 (36,517)    (303,091)    (181,172)
                                                       -----------------------------------

                                   (Continued)
</TABLE>


<PAGE>
<TABLE>
<CAPTION>
                                  AGROCAN CORPORATION
                   CONSOLIDATED STATEMENTS OF CASH FLOWS (CONTINUED)
                                        (UNAUDITED)
                     THREE MONTHS ENDED DECEMBER 31, 2000 AND 1999

<S>                                             <C>        <C>          <C>
FINANCING ACTIVITIES
  Repayment of short term bank loan                 -           -        (700,000)
  Increase in note payable                        49,880      414,000            -
  Short term bank loan                           120,482    1,000,000      381,000
                                                -----------------------------------

  Net cash provided by financing activities      170,362    1,414,000     (319,000)
                                                -----------------------------------

Net decrease in cash and cash equivalents       (415,011)  (3,444,596)  (3,475,130)
Cash and cash equivalents, beginning             556,227    4,616,686    5,027,798
Effect of exchange rate changes on cash                -            -       (1,983)
                                                -----------------------------------

Cash and cash equivalents, ending                141,216    1,172,090    1,550,685
                                                ===================================


See notes to consolidated financial statements
</TABLE>


<PAGE>
AGROCAN CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED) THREE
MONTHS  ENDED  DECEMBER  31,  2000  AND  1999

1.   THE INTERIM FINANCIAL STATEMENTS

     The interim financial  statements have been prepared by AgroCan Corporation
     and in the opinion of management,  reflect all material  adjustments  which
     are  necessary  to a fair  statement  of results  for the  interim  periods
     presented, including normal recurring adjustments.  Certain information and
     footnote  disclosures made in the most recent annual  financial  statements
     included in the Company's Form 10-KSB for the year ended September 30, 2000
     have been  condensed  or  omitted  for the  interim  statements.  It is the
     Company's opinion that, when the interim statements are read in conjunction
     with the September  30, 2000  financial  statements,  the  disclosures  are
     adequate to make the information  presented not misleading.  The results of
     operations  for the three months  ended  December 31, 2000 and 1999 are not
     necessarily indicative of the operating results for the full fiscal year.

     The  preparation  of financial  statements  in  conformity  with  generally
     accepted  accounting  principles  requires management to make estimates and
     assumptions  that affect the reported amounts of assets and liabilities and
     disclosure  of  contingent  assets  and  liabilities  at  the  date  of the
     financial  statements  and the amount of revenues and  expenses  during the
     reporting  periods.   Management  makes  these  estimates  using  the  best
     information  available at the time the estimates are made; however,  actual
     results could differ materially from those results.

2.   INVENTORIES

     Inventories at December 31, 2000 are comprised of the following:

                                      RMB
      Raw materials                2,511,887
      Finished goods                 452,009
                                  ----------
                                   2,963,896
                                  ==========

3.   SHORT-TERM BANK LOANS


     During the three months  ended  December  31,  2000,  one of the  Company's
     subsidiaries  arranged  a  short-term  bank loan of RMB  1,000,000  to fund
     operations, which bears interest at 7.254% and is due on May 19, 2001.


<PAGE>
4.   INCOME TAXES:

     During the three months  ended  December  31,  2000,  the Company  recorded
     income  taxes of RMB 27,926.  The Company is subject to income  taxes on an
     entity basis on income arising in or derived from the tax  jurisdiction  in
     which each  entity is  domiciled.  The  Company's  British  Virgin  Islands
     subsidiary is not liable for income taxes. As manufacturing  companies, the
     Company's PRC subsidiaries operate in special zones, which entitles them to
     a reduced  national  income  taxes rate of 24%,  and the  subsidiaries  are
     exempt from local  income  tax.  Further,  pursuant to the  approval of the
     relevant PRC tax authorities,  the subsidiaries are fully exempted from PRC
     income  taxes  for two  years  starting  from the date  profits  are  first
     recognized, followed by a 50% exemption for the next three years.

5.   EARNINGS PER SHARE:

     Basic earnings per share is based on the weighted  average shares of common
     stock  outstanding.  Diluted  earnings  per share  assumes the  conversion,
     exercise or issuance of all  potential  common  stock  instruments  such as
     options,  warrants  and  convertible  securities,  unless  the effect is to
     reduce loss per share or increase earnings per share.


<PAGE>
ITEM  2.  MANAGEMENT'S  DISCUSSION  AND  ANALYSIS  OR  PLAN  OF  OPERATION

Cautionary  Statement  Pursuant  to  Safe  Harbor  Provisions  of  the  Private
Securities  Litigation  Reform  Act  of  1995:

This Quarterly Report on Form 10-QSB for the quarterly period ended December 31,
2000  contains  "forward-looking"  statements  within the meaning of the Federal
securities  laws.  These  forward-looking  statements  include,  among  others,
statements  concerning  the Company's expectations regarding sales trends, gross
and  net  operating  margin  trends,  political  and  economic  matters,  the
availability  of  equity capital to fund the Company's capital requirements, and
other  statements  of  expectations,  beliefs,  future  plans  and  strategies,
anticipated  events  or  trends, and similar expressions concerning matters that
are  not  historical  facts.  The  forward-looking  statements in this Quarterly
Report  on  Form  10-QSB  for  the  quarterly period ended December 31, 2000 are
subject  to  risks  and  uncertainties that could cause actual results to differ
materially  from  those  results  expressed  in  or  implied  by  the statements
contained  herein.

Overview:

AgroCan  Corporation (the "Company") was incorporated on December 8, 1997 in the
State  of  Delaware.  Effective  December 31, 1997, the Company issued 1,598,646
shares  of  common stock, which represented all of the capital stock outstanding
at  the  completion  of this transaction, to the shareholders of AgroCan (China)
Inc.,  a corporation incorporated in the British Virgin Islands, in exchange for
all  of  the  capital  stock  of  AgroCan (China) Inc.  As of December 31, 1997,
AgroCan (China) Inc.  owned interests in three subsidiaries or joint ventures as
follows: Jiangxi Jiali Chemical Industry Company Limited (100%), Jiangxi Fenglin
Chemical  Industry  Company Limited (70%), and Guangxi Linmao Fertilizer Company
Limited  (100%),  all  of  which  are  located in the People's Republic of China
("China"  or  the  "PRC").  Prior  to  this  transaction,  the  Company  had  no
significant  operations.  This  transaction  was  accounted  for  as  a
recapitalization of AgroCan (China) Inc., as the shareholders of AgroCan (China)
Inc.  acquired all of the capital stock of the Company in a reverse acquisition.
Accordingly,  the  assets  and  liabilities  of  AgroCan (China) Inc.  have been
recorded  at  historical  cost,  and  the  shares  of common stock issued by the
Company  have  been  reflected  in  the consolidated financial statements giving
retroactive effect as if the Company had been the parent company from inception.
The  historical  consolidated  financial  statements  consist  of  the  combined
financial  statements  of  AgroCan  (China)  Inc.  and its subsidiaries from the
dates  of  their  respective formation or acquisition for all periods presented.
All  share  and per share amounts presented herein have been adjusted to reflect
the  two  for  one  stock  split  effective  February  6,  1998.


<PAGE>
AgroCan  (China)  Inc.  was  established  in  1996  to develop, produce and sell
fertilizers  and  other  products  and  technologies to enhance the agricultural
output  of  China.  The Company produces various compound fertilizers, which are
the  end product made from the combination of three primary nutrients, nitrogen,
phosphate  and potassium, mixed together with other elements such as iron, zinc,
copper  and  manganese.  These  ingredients are blended in different proportions
and  packed into 50-kilogram bags.  The Company designs its compound fertilizers
for  specific  climate, soil and crop requirements of each individual geographic
market.  As  of  December  31,  2000,  the  Company  had  established  an annual
production  capacity  of 125,000 metric tons for compound fertilizers in Guangxi
and Jiangxi, two of the largest agricultural provinces in China, and the Company
intends  to  enter  markets  in  other  provinces  in  China.

Effective  October  8,  1996, AgroCan (China) Inc.  entered into a joint venture
agreement  with Nanchang Organic Fertilizer Factory, a state-owned enterprise in
the  PRC,  for the establishment of a Sino-Foreign Equity Joint Venture, Jiangxi
Fenglin  Chemical Industry Company Limited ("Jiangxi Fenglin").  In exchange for
capital  contributions  to  Jiangxi  Fenglin  aggregating  RMB 2,090,642 through
September  30, 1998, AgroCan (China) Inc.  received a 70% equity interest in the
joint  venture.  Jiangxi  Fenglin commenced operations on November 28, 1996, and
became  fully  operational during the fiscal year ended September 30, 1998.  The
Company  accounts  for  its  interest  in  the  joint  venture  similar  to  a
majority-owned  subsidiary  because of its 70% interest, its contractual ability
to  appoint  four  out  of six directors to the Board of Directors, which is the
highest  authority for the joint venture, and the Company's right to appoint the
Chairman  of  the Board.  The Company recognizes that joint venture interests in
the  PRC are generally not consolidated in the financial statements of companies
that  report  under  the  periodic  reporting  requirements of the United States
Securities and Exchange Commission due to the rights asserted by the PRC partner
under customary joint venture agreements.  However, in view of the above factors
specific  to  the  Company,  management  believes  that  it  is  appropriate  to
consolidate  the  joint  venture's  operations  into  the Company's consolidated
financial  statements.

AgroCan  (China) Inc.  also owns 100% of Jiangxi Jiali Chemical Industry Company
Limited  ("Jiangxi  Jiali").

The consolidated financial statements of the Company include the accounts of the
Company  and  its  wholly-owned  and  majority-owned subsidiaries.  All material
intercompany  balances  and  transactions  are eliminated at consolidation.  The
consolidated  financial  statements  have  been  prepared  in  accordance  with
generally  accepted  accounting  principles  in  the United States and have been
presented in Chinese Renminbi ("RMB").  The functional currency of the Company's
PRC  operations  is the RMB.  The accounts of foreign operations are prepared in
their  local  currency  and are translated into RMB using the applicable rate of
exchange.  The  resulting  transaction adjustments are included in comprehensive
income  (loss).  Transactions  denominated  in currencies other than the RMB are
translated  into  RMB  at  the  applicable  exchange rates.  Monetary assets and
liabilities  denominated  in  other  currencies  are  translated into RMB at the
applicable  rate  of exchange at the balance sheet date.  The resulting exchange
gains  or  losses  are  credited  or  charged  to the consolidated statements of
operations.

Consolidated  Results  of  Operations:

Three  Months  Ended  December  31,  1999  and  2000:


<PAGE>
Sales.     The  sales  for  the  three  months  ended December 31, 2000 were RMB
2,199,132,  as  compared  to  sales of RMB 10,592,800 for the three months ended
December 31, 1999, decrease of RMB 8,393,668 or 79.2%.  The decrease in sales in
2000 as compared to 1999 was a result of the delay in the planting schedule as a
result  of bad weather and as a result of the Chinese New Year holiday occurring
earlier  than  usual.  However, subsequent to December 31, 2000, the Company has
increased  production  levels  and  management  believes that sales for the year
ended  September  30,  2001  will  approximate  80%-90%  of  prior  year levels.

Gross  Profit.     Gross profit for the three months ended December 31, 2000 was
RMB  548,123  or  24.9% of sales, as compared to RMB 1,787,238 or 16.9% of sales
for the three months ended December 31, 2000.  The gross profit margin increased
in  2000  as  compared  to 1999 as a result of the Company raising its prices to
focus  on  higher-margin  customers,  although total gross profit decreased as a
result  of  the  decline  in  revenue.

Administrative and General Expenses.     Administrative and general expenses for
the  three months ended December 31, 2000 were RMB 786,668 or 35.8% of sales, as
compared to RMB 1,045,523 or 9.9% of revenue for the three months ended December
31,  1999,  decrease  of RMB 258,855.  In view of the reduced level of sales and
production  during  the  quarter ended December 31, 2000, management was able to
reduce  administrative  and  general  expense,  primarily travel expense, office
expense  and  discretionary  wages.

Selling  Expenses.     Selling  expenses for the three months ended December 31,
2000  were  RMB 19,921 or 0.9% of revenues, as compared to RMB 60,500 or 0.6% of
revenues  for  the three months ended December 31, 1999, decrease of RMB 40,579.
Selling  expenses decreased in 2000 as compared to 1999 as a result of reduction
in  sales arising because of the Chinese New Year Holiday occurring earlier than
usual,  and  also  as  a  result of the bad weather and the ensuing delay in the
planting  season.

Income  from  Operations.     Loss from operations was RMB 258,466 for the three
months  ended  December  31,  2000, as compared to income from operations of RMB
681,215  for the three months ended December 31, 1999.  Primarily as a result of
the  decrease  in  sales.

Other  Income  (Expense).     The  Company recorded amortization of loan fees of
RMB  151,153  and  RMB  154,071 for the three months ended December 31, 2000 and
1999,  respectively.

The  Company  recorded interest expense of RMB 10,626 for the three months ended
December  31,  2000  and  had interest income of RMB 18,561 for the three months
ended  December  31,  1999.

Income Taxes.          The Company recognized income taxes of RMB 27,926 and RMB
1,221  for the three months ended December 31, 2000 and 1999, respectively.  The
Company  is  subject  to income taxes on an entity basis on income arising in or
derived  from  the  tax  jurisdiction  in  which  each entity is domiciled.  The
Company's British Virgin Islands subsidiary is not liable for income taxes.  The
Company's  PRC  subsidiaries are subject to income taxes at an effective rate of
33%.  Pursuant  to  the  approval  of  the  relevant  PRC  tax  authorities, the
subsidiaries  are  fully  exempted  from PRC income taxes for two years starting
from  the date profits are first recognized, followed by a 50% exemption for the
next  three  years.


<PAGE>
Minority  Interest.     For  the  three months ended December 31, 2000 and 1999,
the  Company  recorded a minority interest expense of RMB 22,582 and RMB 79,368,
respectively, to reflect the interest of the Company's 30% joint venture partner
in  the  net  loss  of  Jiangxi  Fenglin.

Net  Income  /  Loss.     Net  loss  was  RMB 425,589 for the three months ended
December  31,  2000,  as  compared  to a net income of RMB 623,852 for the three
months ended December 31, 1999.  Primarily as a result of the decrease in sales.

Consolidated  Financial  Condition:

Liquidity  and  Capital  Resources  -  December  31,  2000

Operating.     For  the  three  months  ended  December  31, 2000, the Company's
operations  utilized  cash  resources of RMB 4,555,505, as compared to utilizing
cash  resources  of  RMB 2,974,958 for the three months ended December 31, 1999.
The  Company's  operations  utilized  more cash resources in 2000 as compared to
1999  primarily as a result of increases in accounts receivable and inventories.
The  increase in accounts receivable and inventories was financed in substantial
part  by  advances  from  customers.  At  December  31,  2000,  cash  and  cash
equivalents had decreased by RMB 3,444,596, to RMB 1,172,090, as compared to RMB
4,616,686  at  September  30,  2000.  The  Company  had  working  capital of RMB
17,106,399  at December 31, 2000, as compared to RMB 17,557,262 at September 30,
2000,  resulting in current ratios of 1.49:1 and 1.54:1 at December 31, 2000 and
September  30,  2000,  respectively.

Accounts receivable.          Accounts receivable increased by RMB 2,196,926, to
RMB  40,227,766 at December 31, 2000, from RMB 38,030,840 at September 30, 2000.
Accounts receivable increased during the three months ended December 31, 2000 as
a  result  of extending credit terms offered to certain credit-worthy customers.

Inventories.          Inventories  increased by RMB 176,495, to RMB 2,963,896 at
December  31,  2000,  from  RMB  2,787,401  at  September 30, 2000.  Inventories
increased  during  the  three months ended September 31, 2000 in anticipation of
the  forthcoming  selling  season  during  the  spring.

Amount  due  to  related parties.     Amount due to related parties decreased by
RMB  767,091,  to  RMB  2,981,759  at  December  31, 2000, from RMB 3,748,850 at
September  30,  2000.

Investing.     During  the  three  months  ended  December  31,  2000  and 1999,
additions  to  property,  plant  and  equipment  aggregated  RMB 303,091 and RMB
181,172,  respectively.


<PAGE>
Financing.     During  the  three  months  ended  December  31, 2000, one of the
Company's  subsidiaries  arranged short-term bank loans of RMB 1,000,000 to fund
operations,  which  will  be  repaid during this fiscal year.  During the period
subsequent  to  December  31,  2000,  approximately  50%  of accounts receivable
balances  were  remitted,  and  management  believes  that, as a result of these
receipts,  no  additional  borrowings  will  be  necessary  in  the  near-term.

The  Company  anticipates,  based  on  currently  proposed plans and assumptions
relating  to  its  existing  operations,  that  its  projected  cash  flows from
operations,  combined  with  cash  that the Company expects to generate from the
issuance  of  its  securities and from borrowings, will be sufficient to support
its  planned  operations for the next twelve months.  Depending on the Company's
rate of growth, the Company may seek additional capital in the future to support
expansion  of  operations  and  acquisitions.

Inflation  and  Currency  Matters:

In  recent  years, the Chinese economy has experienced periods of rapid economic
growth as well as relatively high rates of inflation, which in turn has resulted
in  the  periodic  adoption  by  the  Chinese  government  of various corrective
measures  designed  to  regulate  growth and contain inflation.  Since 1993, the
Chinese  government  has  implemented  an  economic  program designed to control
inflation,  which has resulted in the tightening of working capital available to
Chinese business enterprises.  The success of the Company depends in substantial
part  on  the  continued  growth  and  development  of  the  Chinese  economy.

Foreign  operations are subject to certain risks inherent in conducting business
abroad,  including price and currency exchange controls, and fluctuations in the
relative value of currencies.  Changes in the relative value of currencies occur
periodically  and  may,  in  certain  instances, materially affect the Company's
results of operations.  In addition, the Renminbi is not freely convertible into
foreign  currencies,  and  the ability to convert the Renminbi is subject to the
availability  of  foreign  currencies.

Effective  December  1,  1998,  all  foreign exchange transactions involving the
Renminbi  must  take  place  through authorized banks in China at the prevailing
exchange rates quoted by the People's Bank of China.  The Company expects that a
portion  of its revenues will need to be converted into other currencies to meet
foreign  exchange  currency  obligations, including the payment of any dividends
declared.

Although  the  central government of China has repeatedly indicated that it does
not  intend  to devalue its currency in the near future, recent announcements by
the  central  government  of  China  indicate  that devaluation is an increasing
possibility.  Should  the  central  government  of  China  decide to devalue the
Renminbi,  the  Company  does  not  believe  that  such  an  action would have a
detrimental  effect  on  the  Company's  operations,  since the Company conducts
virtually  all of its business in China, and the sale of its products is settled
in  Renminbi.  However,  devaluation  of  the Renminbi against the United States
dollar  would adversely affect the Company's financial performance when measured
in  United  States  dollars.


<PAGE>
New  Accounting  Pronouncement:

In  June  1998,  the  Financial  Accounting Standards Board issued Statement No.
133,  "Accounting  for Derivative Instruments and Hedging Activities" ("SFAS No.
133"),  which  is  effective for financial statements for all fiscal quarters of
all  fiscal years beginning after June 15, 2000.  SFAS No.  133 standardizes the
accounting  for derivative instruments, including certain derivative instruments
embedded in other contracts, by requiring that an entity recognize those item as
assets or liabilities in the statement of financial position and measure them at
fair value.  SFAS No.  133 also addresses the accounting for hedging activities.
The  Company  will  adopt SFAS No.  133 for its fiscal year beginning October 1,
2000.  The  Company  does  not expect that adoption of SFAS No.  133 will have a
material  impact  on  its  financial  statement  presentation  or  disclosures.


<PAGE>
                     PART  II.  OTHER  INFORMATION

ITEM 2. CHANGES IN SECURITIES AND USE OF PROCEEDS

Sales  of  Equity  Securities

During  the  three months ended December 31, 2000, the Company did not issue any
shares  of  common  stock.

ITEM  6.  EXHIBITS  AND  REPORTS  ON  FORM  8-K

(a)  Exhibits:

     Financial Data Schedule (electronic filing only)

(b)  Reports on Form 8-K:

     Three Months Ended December 31, 2000 - None


<PAGE>
                                     SIGNATURES



 In  accordance with the requirements of the Exchange Act, the registrant caused
this  report  to  be  signed  on  its  behalf by the undersigned, thereunto duly
authorized.


                              AGROCAN  CORPORATION
                              ---------------------
                                  (Registrant)


 Date:     February  12,  2001                    By:  /s/  LAWRENCE HON
                                                  ------------------------------
                                                  Lawrence Hon
                                                  President and Chief
                                                  Executive Officer)
                                                  (Duly Authorized
                                                  Officer)


 Date:     February 12, 2001                      By:  /s/  DONALD LAU
                                                  ------------------------------
                                                  Donald  Lau
                                                  Chief  Financial  Officer
                                                  (Principal Financial
                                                  and Accounting Officer)


<PAGE>