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 June 30, 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  June  30, 2000, the Company had 2,197,460 shares of common stock issued
and  outstanding.
Transitional  Small  Business  Disclosure  Format:  Yes  [  ]  No  [X]
Documents  incorporated  by  reference:  None.



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<PAGE>
                              AGROCAN  CORPORATION

                                      INDEX


PART  I.   FINANCIAL  INFORMATION

     Item  1.  Financial  Statements

              Consolidated  Balance  Sheets  (Unaudited)  -  June  30,  2000

              Consolidated  Statements  of  Operations and Comprehensive Income
              (Unaudited)  -  Three  Months  and  Six Months Ended June
              30,  2000  and  1999

              Consolidated  Statements  of  Cash Flows (Unaudited) - Six Months
              Ended  June  30,  2000  and  1999

              Notes  to  Consolidated  Financial  Statements  (Unaudited) - Six
              Months  Ended  June  30,  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



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<PAGE>
<TABLE>
<CAPTION>
                              AgroCan Corporation
                    Consolidated Balance Sheets (Unaudited)
                                June 30, 2000

                                                    USD         RMB
<S>                                             <C>         <C>
ASSETS
CURRENT ASSETS
Cash and cash equivalents                     $    126,676   1,051,412
Accounts receivable - net                        4,264,473  35,395,128
Inventories                                        619,251   5,139,784
Deposits and other current assets                  391,883   3,252,621
Amount due from related parties                     80,118     664,983
                                                ----------  ----------
TOTAL CURRENT ASSETS                             5,482,401  45,503,928

PROPERTY, PLANT AND EQUIPMENT - NET                748,604   6,213,413
CONSTRUCTION IN PROGRESS                             3,523      29,242
DEFERRED COSTS                                      91,000     755,298
                                                ----------  ----------
TOTAL ASSETS                                  $  6,325,528  52,501,881
                                                ==========  ==========

LIABILITIES AND SHAREHOLDERS' EQUITY
CURRENT LIABILITIES
Short term bank loan                          $    120,482   1,000,000
Accounts payable                                 2,224,557  18,463,823
Other payables and accruals                        405,621   3,366,666
Deposits received                                  372,479   3,091,574
Amounts due to related parties                     477,849   3,966,146
Tax payable                                         46,565     386,485
                                                ----------  ----------
TOTAL CURRENT LIABILITIES                        3,647,553  30,274,694

MINORITY INTEREST                                  130,836   1,085,937

SHAREHOLDERS' EQUITY
Preferred stock, par value $0.0001 per share,
authorized 10,000,000 shares; none issued
Common stock, par value $0.0001 per share,
authorized 25,000,000 shares; issued and
outstanding 2,197,460 shares at June 30, 2000          219       1,821
Capital in excess of par value                   1,056,420   8,768,275
Stock options and warrants                         285,532   2,369,919
Retained earnings  - Unappropriated              1,158,321   9,614,066
         - Appropriated                             43,800     363,542
Accumulated other comprehensive income               2,847      23,627
                                                ----------  ----------
TOTAL SHAREHOLDERS' EQUITY                       2,547,139  21,141,250

                                                ----------  ----------
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY    $  6,325,528  52,501,881
                                                ==========  ==========


See  notes  to  consolidated  financial  statements


--------------------------------------------------------------------------------
</TABLE>


<PAGE>
<TABLE>
<CAPTION>
                                     AgroCan  Corporation
                         Consolidated  Statements  of  Operations  and
                               Comprehensive  Income  (Unaudited)
                                   Nine months ended June  30

                                                2000         2000         1999
                                                 USD          RMB          RMB
<S>                                     <C>  <C>          <C>          <C>

NET SALES                                 $   4,763,361   39,535,894   34,397,695
COST OF SALES                                 3,832,946   31,813,448   29,737,496
                                             -----------  -----------  -----------
GROSS PROFIT                                    930,415    7,722,446    4,660,199

ADMINISTRATIVE AND GENERAL EXPENSES            (491,051)  (4,075,725)  (2,072,969)
SELLING EXPENSES                               (141,243)  (1,172,317)    (477,238)

                                             -----------  -----------  -----------
INCOME FROM OPERATIONS                          298,121    2,474,404    2,109,992

OTHER INCOME (EXPENSE)
Commission income                                30,253      251,100      264,480
Interest income                                   3,920       32,537       35,198
Amortization of loan fees                       (55,688)    (462,210)    (461,105)

                                             -----------  -----------  -----------
INCOME BEFORE INCOME TAXES                      276,606    2,295,831    1,948,565

INCOME TAXES                                    (60,926)    (505,692)           -

                                             -----------  -----------  -----------
INCOME BEFORE MINORITY INTEREST                 215,680    1,790,139    1,948,565
MINORITY INTEREST                                 2,105       17,474       16,485

                                             -----------  -----------  -----------
NET INCOME                                      217,785    1,807,613    1,965,050

OTHER COMPREHENSIVE INCOME
  FOREIGN CURRENCY TRANSLATION
  ADJUSTMENTS                                       562        4,663      133,457

                                             -----------  -----------  -----------
COMPREHENSIVE INCOME                      $     218,346    1,812,276    2,098,507
                                             ===========  ===========  ===========

WEIGHTED AVERAGE SHARES
  OUTSTANDING
            BASIC                             2,185,814    2,185,814    1,930,143
            DILUTED                           2,502,529    2,502,529    3,007,560
  EARNINGS PER SHARE
            BASIC                         $        0.10         0.83         1.02
                                             ===========  ===========  ===========
            DILUTED                       $        0.09         0.72         0.65
                                             ===========  ===========  ===========

See  notes  to  consolidated  financial
statements


----------------------------------------------------------------------------------
</TABLE>


<PAGE>
<TABLE>
<CAPTION>
                                    AgroCan Corporation
                         Consolidated Statements of Operations and
                             Comprehensive Income (Unaudited)
                                Three months ended June 30

                                                     2000             2000         1999
                                                     USD               RMB         RMB
<S>                                              <C>  <C>          <C>          <C>

NET SALES                                          $   1,799,396   14,934,984   9,294,913
COST OF SALES                                          1,427,076   11,844,731   7,851,642
                                                      -----------  -----------  ----------
GROSS PROFIT                                             372,320    3,090,253   1,443,270

ADMINISTRATIVE AND GENERAL EXPENSES                      (92,929)    (771,314)   (403,211)
SELLING EXPENSES                                         (68,834)    (571,321)   (209,856)

                                                      -----------  -----------  ----------
INCOME FROM OPERATIONS                                   210,557    1,747,618     830,203

OTHER INCOME (EXPENSE)
Commission income                                              -            -           -
Interest income                                              423        3,514      35,198
Amortization of loan fees                                (18,562)    (154,067)   (153,710)

                                                      -----------  -----------  ----------
INCOME BEFORE INCOME TAXES                               192,418    1,597,065     711,691

INCOME TAXES                                             (45,884)    (380,835)           -

INCOME BEFORE MINORITY INTEREST                          146,534    1,216,230     711,691
MINORITY INTEREST                                        (13,414)    (111,334)    (17,396)

                                                      -----------  -----------  ----------
NET INCOME                                               133,120    1,104,896     694,295

OTHER COMPREHENSIVE INCOME
    FOREIGN CURRENCY TRANSLATION
  ADJUSTMENTS                                                540        4,485     133,457

                                                      -----------  -----------  ----------
COMPREHENSIVE INCOME                               $     133,660    1,109,381     827,752
                                                      ===========  ===========  ==========

    WEIGHTED AVERAGE SHARES
  OUTSTANDING
             BASIC                                     2,197,460    2,197,460   1,911,669
           DILUTED                                     2,514,175    2,514,175   3,069,086
  EARNINGS PER SHARE
             BASIC                                 $        0.06         0.50        0.36
                                                      ===========  ===========  ==========
           DILUTED                                 $        0.05         0.44        0.23
                                                      ===========  ===========  ==========

See  notes  to  consolidated  financial
statements


-----------------------------------------------------------------------------------------
</TABLE>


<PAGE>
<TABLE>
<CAPTION>
                                             AgroCan Corporation
                              Consolidated Statements of Cash Flows (Unaudited)
                                          Nine months ended June 30

                                                                         2000         2000          1999
                                                                          USD          RMB           RMB
<S>                                                             <C>  <C>           <C>           <C>

OPERATING ACTIVITIES
Net income                                                        $      217,785     1,807,613     1,965,050
Adjustments to reconcile net income to net cash
  provided by operating activities:
Amortization of deferred costs                                           63,938       530,686       449,703
Depreciation                                                             35,026       290,719       233,430
Capital reserve transfer                                                  8,343        69,248             -
Minority interest in net income                                          (2,105)      (17,474)      (16,485)
(Increase) decrease in accounts receivable                           (2,590,106)  (21,497,879)   35,105,519
(Increase) decrease in other receivables, deposits and prepayments     (154,072)   (1,278,801)      441,986
Increase in inventories                                                (488,169)   (4,051,806)   (2,642,396)
(Increase) decrease in amounts due from related parties                 137,013     1,137,210      (245,924)
Increase (decrease) in accounts payable                               1,622,154    13,463,879   (36,078,171)
Increase in other payables and accruals                                 509,566     4,229,401     2,181,838
Increase (decrease) in amounts due to related parties                   177,775     1,475,532      (119,265)
Decrease in amounts tax payable                                         (32,454)     (269,365)            -
                                                                    ------------  ------------  ------------
NET CASH PROVIDED (USED IN) BY OPERATING ACTIVITIEs                    (495,306)   (4,111,037)    1,275,285
                                                                    ------------  ------------  ------------

Investing activities
Additions to property, plant and equipment                              (22,191)     (184,182)     (907,894)
Additions to construction in progress                                      (993)       (8,242)            -
                                                                    ------------  ------------  ------------
NET CASH USED IN INVESTING ACTIVITIES                                   (23,184)     (192,424)     (907,894)
                                                                    ------------  ------------  ------------

FINANCING ACTIVITIES
Proceeds from short-term bank loan                                      214,458     1,780,000             -
Repayment of bank loan                                                 (178,313)   (1,480,000)            -
Proceeds from issuance of shares                                          2,700        22,412         3,229
                                                                    ------------  ------------  ------------
NET CASH PROVIDED BY FINANCING ACTIVITIES                                38,845       322,412         3,229
                                                                    ------------  ------------  ------------

NET (DECREASE)/INCREASE IN CASH AND CASH EQUIVALENTS                   (479,645)   (3,981,049)      370,620
CASH AND CASH EQUIVALENTS, BEGINNING                                    605,759     5,027,798     2,193,264
EFFECT OF EXCHANGE RATE CHANGES ON CASH                                     562         4,663       133,457
                                                                    ------------  ------------  ------------
CASH AND CASH EQUIVALENTS, ENDING                                $      126,676     1,051,412     2,697,341
                                                                    ------------  ------------  ------------

See  notes  to  consolidated  financial statements


------------------------------------------------------------------------------------------------------------
</TABLE>


<PAGE>
                              AgroCan Corporation
              Notes to Consolidated Financial Statements (Unaudited)
                         Six Months Ended June 30, 2000


   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, 1999,  have been omitted for the interim
          statements.  It is  the  Company's  opinion  that,  when  the  interim
          statements  are  read in  conjunction  with  the  September  30,  1999
          financial  statements,  the  disclosures  are  adequate  to  make  the
          information  presented not  misleading.  The results of operations for
          the  nine  months  ended  June 30,  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 June 30, 2000 are comprised of the following:

          Raw  materials                  3,056,263
          Finished  goods                 2,083,521
                                         ----------
                                          5,139,784
                                         ==========

   3.     Short-Term  Bank  Loans

          During the six months  ended March 31,  2000,  the Company  arranged a
          short-term  bank loan of RMB  780,000  to fund  operations,  which was
          repaid  during the nine months  ended June 30,  2000.  During the nine
          months ended June 30, 2000, the Company arranged a new short-term loan
          of RMB 1,000,000, which was outstanding at June 30, 2000.


   4.     SHAREHOLDERS'  EQUITY

          During the nine months  ended June 30, 2000,  27,000  shares of common
          stock were issued  pursuant to  exercise  of  outstanding  warrants at
          $0.10 per share.



--------------------------------------------------------------------------------


<PAGE>
   5.     INCOME  TAXES:

          During the nine months ended June 30, 2000, the Company's subsidiaries
          incurred  income taxes of RMB 505,692.  The Company did not  recognize
          any income taxes for the nine months ended June 30, 2000.  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.


   6.     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 June 30,
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 June 30, 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  were 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.

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,  1999,  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.


--------------------------------------------------------------------------------


<PAGE>
Effective September 19, 1996, Guangxi Linmao Compound Fertilizer Company Limited
became  a  wholly-owned subsidiary of AgroCan (China) Inc., and changed its name
to  Guangxi Linmao Fertilizer Company Limited ("Guangxi Linmao") on December 25,
1997.  Guangxi  Linmao  commenced  operations  on September 19, 1996, and became
fully  operational  during  the  fiscal  year  ended  September  30,  1997.

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.

Effective  November  3,  1996, AgroCan (China) Inc. entered into a joint venture
agreement  with Fuzhou Grain and Oil Industry Corp., a state-owned enterprise in
the  PRC,  for the establishment of a Sino-Foreign Equity Joint Venture, Jiangxi
Jiali Compound Fertilizer Company Limited. The Company had a 55% equity interest
in  the  joint  venture  as  of September 30, 1997. Effective April 5, 1998, the
Company acquired the remaining 45% interest in the joint venture for RMB 724,873
and  changed  its  name  to  Jiangxi  Jiali  Chemical  Industry  Company Limited
("Jiangxi Jiali"). Jiangxi Jiali commenced operations on May 1, 1998, and became
fully  operational  during  the  fiscal  year  ended  September  30,  1998.

The  Company's customers are all located in the PRC, and sales to such customers
are  generally on an open account basis. The Company relies on a small number of
customers  for  most  of  its  sales.  With  respect  to sales to customers that
accounted for 10% or more of total sales, during the three months ended June 30,
2000,  two  customers  accounted  for  60%  of total sales, and during the three
months  ended  June  30, 1999, three customers accounted for 67% of total sales;
during  the  nine months ended June 30, 2000, two customers accounted for 47% of
total  sales,  and  during  the nine months ended June 30, 1999, three customers
accounted  for  67%  of  total  sales.  As  of  June  30,  2000, 53% of accounts
receivable were generated by trade transactions with two significant customers.

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.  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.


--------------------------------------------------------------------------------


<PAGE>
Consolidated  Results  of  Operations:

Three  Months  Ended  June  30,  2000  and  1999:

Sales.  The  sales for the three months ended June 30, 2000 were RMB 14,934,984,
as  compared to sales of RMB 9,294,913 for the three months ended June 30, 1999,
an increase of RMB 5,640,071 or 60.7%. The increase in sales in 2000 as compared
to 1999 was a result of higher demand resulting in part from the addition of new
customers.

Gross  Profit.  Gross  profit  for  the three months ended June 30, 2000 was RMB
3,090,253 or 20.7% of sales. The Company had a gross profit margin for the three
months  ended  June  30,  1999  of  RMB  1,443,270 or 15.5% of sales during such
period.  The  gross  profit  margin increased as a result of the Company raising
prices  on  selective  products  to  obtain  higher  margins.

Administrative and General Expenses. Administrative and general expenses for the
three  months  ended  June 30, 2000 were RMB 771,314, as compared to RMB 403,211
for  the  three  months  ended  June  30,  1999,  an  increase  of  RMB 368,103.
Administrative  and  general  expenses  increased  in  2000  as compared to 1999
primarily  as  a  result  of  increase  in  transportation and office expenses.

Selling Expenses: Selling expenses for the three months ended June 30, 2000 were
RMB  571,321,  as  compared  to  RMB 209,856 for the three months ended June 30,
1999,  an  increase  of  RMB  361,465.

Selling  expenses  increased  in  2000  as  compared  to 1999 as a result of the
Company's  efforts  to broaden its customer base and thereby reduce its reliance
on  sales  to  a small number of customers. In that regard, the Company incurred
increased  selling  costs  to  support  expanded  marketing and selling efforts,
including  salaries,  travel,  as  well  as  product  advertising  costs.

Income  from  Operations. Income from operations was RMB 1,747,618 for the three
months ended June 30, 2000, as compared to income from operations of RMB 830,203
for  the  three  months  ended  June  30,  1999.

Other  Income  (Expense).  The Company recorded amortization of loan fees of RMB
154,067  and  RMB  153,710  for  the  three months ended June 30, 2000 and 1999,
respectively.

The Company had interest income of RMB 3,514 and RMB 35,198 for the three months
ended  June  30,  2000  and  1999,  respectively.

Income  Taxes.  The Company recognized income taxes of RMB 380,835 for the three
months  ended  June 30, 2000. The Company did not recognize any income taxes for
the  three months ended June 30, 1999. 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 effect rate of 33%. Pursuant to the approval of the relevant


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<PAGE>
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.

Minority  Interest.  For  the  three  months  ended  June 30, 2000 and 1999, the
Company  recorded  a  minority  interest  of  RMB  111,334  and  RMB  17,396,
respectively, to reflect the interest of the Company's 30% joint venture partner
in  the  net  income  of  Jiangxi  Fenglin.

Net  Income.  Net  income  was RMB 1,104,896 for the three months ended June 30,
2000, as compared to a net income of RMB 694,295 for the three months ended June
30,  1999.


Nine  Months  Ended  June  30,  2000  and  1999:

Sales.  Sales  for  the  nine months ended June 30, 2000 were RMB 39,535,894, as
compared  to sales of RMB 34,397,695 for the nine months ended June 30, 1999, an
increase of RMB 5,138,199 or 14.9%. The increase in sales in 2000 as compared to
1999  was  a  result  of  several  factors, including an increase in demand from
existing  and  new  customers.

Gross  Profit.  Gross  profit  for  the  nine months ended June 30, 2000 was RMB
7,722,446  or  19.5%  of  sales. Gross profit for the nine months ended June 30,
1999  was RMB 4,660,199 or 13.5% of sales.  The gross profit margin increased as
a result of the Company raising its prices to focus on higher margin customers.

Administrative and General Expenses. Administrative and general expenses for the
nine months ended June 30, 2000 were RMB 4,075,725, as compared to RMB 2,072,969
for  the  nine  months  ended  June  30,  1999,  an  increase  of RMB 2,002,756.
Administrative  and  general expenses, in particular salaries and related costs,
increased in 2000 as compared to 1999 primarily as a result of increase in costs
incurred  to  support and expand business operations, including salaries, travel
and  the  legal  and professional fees associated with the operation of a public
company.

Selling  Expenses: Selling expenses for the nine months ended June 30, 2000 were
RMB  1,172,317,  as  compared  to RMB 477,238 for the nine months ended June 30,
1999,  an  increase  of  RMB  695,079.

Selling  expenses  increased  in  2000  as  compared  to 1999 as a result of the
Company's  efforts  to broaden its customer base and thereby reduce its reliance
on  sales  to  a small number of customers. In that regard, the Company incurred
increased  selling  costs  to  support  expanded  marketing and selling efforts,
including  salaries,  travel  and  product  advertising  costs.

Income  from  Operations.  Income from operations was RMB 2,474,404 for the nine
months  ended  June  30,  2000,  as  compared  to  income from operations of RMB
2,109,992  for  the  nine  months  ended  June  30,  1999.

Other  Income  (Expense).  The Company recorded amortization of loan fees of RMB
462,210  and  RMB  461,105  for  the  nine  months ended June 30, 2000 and 1999,
respectively.


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<PAGE>
The  Company  had commission income of RMB251,000 for the nine months ended June
30,  2000,  as  compared to RMB264,480 for the nine months ended June 30, 1999.

The Company had interest income of RMB 32,537 and RMB 35,198 for the nine months
ended  June  30,  2000  and  1999,  respectively.

Income  Taxes.  The  Company recognized income taxes of RMB 505,692 for the nine
months  ended  June 30, 2000. The Company did not recognize any income taxes for
the  nine  months ended June 30, 1999. 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 effect 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.

Minority Interest. For the nine months ended June 30, 2000 and 1999, the Company
recorded  a  minority  interest  of  RMB 17,474 and RMB 16,485, respectively, to
reflect  the interest of the Company's 30% joint venture partner in the net loss
incurredly  Jiangxi  Fenglin.

Net  Income.  Net  income  was  RMB 1,807,613 for the nine months ended June 30,
2000,  as  compared  to  a net income of RMB 1,965,050 for the nine months ended
June  30,  1999.


Consolidated  Financial  Condition  -  June  30,  2000:

Liquidity  and  Capital  Resources:

Operating.  For  the  nine  months ended June 30, 2000, the Company's operations
utilized  cash  resources  of  RMB  4,111,037,  as  compared  to generating cash
resources  of  RMB  1,275,285  for  the  nine  months  ended  June 30, 1999. The
Company's  operations  utilized cash resources in 2000 as compared to generating
cash resources in 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 June 30, 2000, cash and cash
equivalents had decreased by RMB 3,976,386, to RMB 1,051,412, as compared to RMB
5,027,798  at  September  30,  1999.  The  Company  had  working  capital of RMB
15,229,234  at  June  30,  2000,  as compared to RMB 12,713,791 at September 30,
1999,  resulting  in  current  ratios  of  1.5:1 and 2.15:1 at June 30, 2000 and
September  30,  1999,  respectively.

Accounts  receivable  increased by RMB 21,497,879, to RMB 35,395,128 at June 30,
2000,  from  RMB 13,897,249 at September 30, 1999. Accounts receivable increased
during  the  nine  months  ended June 30, 2000 as a result of sales increase and
extended  credit  terms  offered  to  certain  credit-worthy  customers.

Inventories  increased by RMB 4,051,806, to RMB 5,139,784 at June 30, 2000, from
RMB  1,087,978  at  September  30,  1999.  Inventories increased during the nine
months  ended  June  30,  2000 in anticipation of the forthcoming selling season
during  the  summer.

Amount  due  to  related parties increased by RMB 1,475,532, to RMB 3,966,146 at
June  30,  2000, from RMB 2,490,614 at September 30, 1999.  The increased amount
represent  loans  from related companies which are non-interest bearing and with
no  repayment  terms.

Investing.  During  the  nine  months ended June 30, 2000 and 1999, additions to
property,  plant  and  equipment  aggregated  RMB  184,182  and  RMB  907,894,
respectively.


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<PAGE>
Construction  in progess increased by RMB 8,242, to RMB 29,242 at June 30, 2000,
from  RMB  21,000  at  September  30,  1999.

The  Company  had  no significant capital expenditure commitments outstanding at
June  30,  2000.

Financing. During the fiscal year ended September 30, 1999, the Company arranged
short-term  bank  loans  of  RMB 700,000 to fund operations, which were repaid
during  the  nine  months ended June 30, 2000. During the nine months ended June
30,  2000,  the  Company  arranged  a new short-term bank loan of RMB 1,000,000,
which  was  outstanding  at  June  30,  2000.

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 effect the Company's financial performance when measured
in  United  States  dollars.


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<PAGE>
Year  2000  Issue:

As of December 31, 1999, the Company had completed any required modifications to
its  software  to ensure that its software systems were Year 2000 compliant. The
cost  of  such  modifications  was  not  significant.

Since  the date rollover on January 1, 2000, the Company has not experienced any
material  adverse effect from the Year 2000 Issue. While the primary risk to the
Company with respect to the Year 2000 Issue continued to be the ability of third
parties  to  provide  goods  and  services  in a timely and accurate manner, the
Company  has  not  experienced any such disruption to date. The Company does not
expect  any  remaining  risks  with  respect  to  the Year 2000 Issue to have a
material  adverse  effect  on  the  Company.


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 January 1,
2001.  The  Company  does  not  expect that adoption of SFAS No. 133 will have a
material  impact  on  its  financial  statement  presentation  or  disclosures.


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<PAGE>
                           PART II. OTHER INFORMATION



ITEM  2.  CHANGES  IN  SECURITIES  AND  USE  OF  PROCEEDS

    (c)  Sales  of  Equity  Securities

         During  the  six  months ended June 30, 2000, the Company issued 27,000
shares  of  common stock, as a result of an equivalent number of two-year common
stock  purchase  warrants being  exercised  at  $.10  per warrant. The shares of
common stock were issued without  registration  in  reliance  upon the exemption
afforded by Section 4(2) of the Securities Act of 1933,  as  amended,  based  on
certain representations made to the  Company  by  exercising  warrant  holders.


ITEM  6.  EXHIBITS  AND  REPORTS  ON  FORM  8-K

(a)      Exhibits:

         27    Financial  Data  Schedule  (electronic  filing  only)

(b)      Reports  on  Form  8-K:

         Three  Months  Ended  June  30,  2000  -  None


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<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:  August  [   ],  2000                By:  /s/  LAWRENCE  HON
                                               ----------------------
                                                     Lawrence Hon
                                                     President and Chief
                                                     Executive Officer
                                                     (Duly Authorized
                                                     Officer)





Date:  August  [   ],  2000                By:  /s/  DAVID  CHEUNG
                                                ----------------------
                                                     David Cheung
                                                     Chief Financial Officer
                                                     (Principal Financial
                                                     and Accounting Officer)


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