U.
        S.
        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 March 31, 2007
 
 [ 
                   ]
              TRANSITION
                  REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT
                  OF
                  1934
  For
        the
        transition period from _____ to _____
 
 Commission
        File No. 0-25707
 
 THE
        BRALORNE MINING COMPANY
 (Name
        of
        Small Business Issuer in its Charter)
 
 Nevada
              91-1948355(State
                  or Other Jurisdiction of incorporation or organization)
              (I.R.S.
                  Employer I.D. No.)
 
 Room
        618, +17 Anyuan Road, Chaoyang District, Beijing, P.R. China
        100029
 (Address
        of Principal Executive Offices)
 
 Issuer's
        Telephone Number: 86-10-6498-7788
 
 Indicate
        by check mark whether the Registrant (1) has filed all reports required to
        be
        filed by Sections 13 or 15(d) of the Securities Exchange Act of 1934 during
        the
        preceding 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 ___
 
 Indicate
        by check mark whether the Registrant is a shell company (as defined in Rule
        12b-2 of the Exchange Act). Yes __ No X
 
 APPLICABLE
        ONLY TO CORPORATE ISSUERS: Indicate the number of shares outstanding of each
        of
        the Registrant's classes of common stock, as of the latest practicable
        date:
 May
        17,
        2007
 Common
        Stock: 51,040,050 shares
 
 Transitional
        Small Business Disclosure Format (check one):  Yes
        ___ No X
 
  
 
 **THE
        BRALORNE MINING COMPANY AND SUBSIDIARIES**
 
 **CONSOLIDATED
        BALANCE SHEETS**
 **(UNAUDITED)**
 
 March
                  31,2007ASSETSCurrent
                  Assets:Cash
                  and cash equivalents
              
              $
              23,491Accounts
                  receivable, net (Note 4)
              
              
              38,974Prepaid
                  expenses
              
              
              25,837Supplies
              
              
              4,263Total
                  current assets
              
              
              92,565Property,
                  Plant, and Equipment, net (Note 5)
              
              
              274,099Contract
                  Security Deposit
              
              
              3,920Total
                  Assets
              
              $
              370,584LIABILITIES
                  AND STOCKHOLDERS' EQUITYCurrent
                  Liabilities:Accounts
                  payable
              
              
              5,736Accrued
                  expenses (Note 6)
              
              
              48,257Other
                  payable
              
              
              4,322Due
                  to a related party (Note 7)
              
              
              54,257Total
                  Current Liabilities
              
              
              112,572Commitments
                  and Contingencies (Note 9)
              
              
              -Stockholders'
                  Equity:Common
                  stock, $0.001 par value, 200,000,000 shares authorized; 51,040,050
                  shares
                  issued and outstanding as of March 31, 2007
              
              
              51,040Additional
                  paid-in capital
              
              
              9,346Statutory
                  reserves
              
              
              98,239Retained
                  earnings
              
              
              28,190Accumulated
                  other comprehensive income
              
              
              71,197Stockholders'
                  Equity
              
              
              258,012Total
                  Liabilities and Stockholders' Equity
              
              $
              370,584
 
 
 **See
        Notes to Financial Statements**
 
  2
  
 **THE
        BRALORNE MINING COMPANY AND SUBSIDIARIES**
 
 **CONSOLIDATED
        STATEMENTS OF OPERATIONS AND OTHER COMPREHENSIVE INCOME**
 **(UNAUDITED)**
 
 For
                  the Three Months EndedMarch
                  31,2007
              
              2006RevenuesAgency
                  services revenue
              
              $
              18,936
              
              $
              336,525Enterprise
                  internet phone solutions
              
              
              -
              
              
              26,765Total
                  revenue
              
              
              18,936
              
              
              363,290Cost
                  of salesAgency
                  services revenue
              
              
              6,478
              
              
              228,753Enterprise
                  internet phone solutions
              
              
              -
              
              
              -Total
                  cost of sales
              
              
              6,478
              
              
              228,753Gross
                  Profit
              
              
              12,458
              
              
              134,537Operating
                  ExpensesPayroll
              
              
              7,592
              
              
              11,297Pension
                  and employee benefit
              
              
              2,391
              
              
              4,656Depreciation
                  expenses
              
              
              14,438
              
              
              2,864Amortization
                  expenses
              
              
              -
              
              
              18,232Office
                  rent - related party transaction
              
              
              3,860
              
              
              3,728Consultant
                  fees
              
              
              -
              
              
              6,214Travel
                  and entertainment
              
              
              1,527
              
              
              5,412Other
                  general and administrative expenses
              
              
              2,992
              
              
              5,044Total
                  Operating Expenses
              
              
              32,800
              
              
              57,447Income
                  (Loss) from Operation
              
              
              (20,342
              )
              
              77,090Other
                  IncomeInterest
                  income
              
              
              45
              
              
              420Total
                  other income
              
              
              45
              
              
              420Income
                  (Loss) before provision for Income Tax
              
              
              (20,297
              )
              
              77,510Provision
                  for Income Tax
              
              
              -
              
              
              -Net
                  Income
              
              
              (20,297
              )
              
              77,510Other
                  Comprehensive Income (Loss) Effects of Foreign Currency
                  Conversion
              
              
              2,041
              
              
              26,334Comprehensive
                  Income (Loss)
              
              $
              (18,256
              )
              $
              103,844Basic
                  and fully diluted earnings (loss) per share
              
              $
              (0.00
              )
              $
              0.00Weighted
                  average shares outstanding
              
              
              40,920,004
              
              
              40,000,000
 
 
 
 **See
        Notes to Financial Statements.**
 
  3
  **THE
        BRALORNE MINING COMPANY AND SUBSIDIARIES**
 
 **CONSOLIDATED
        STATEMENTS OF CASH FLOWS**
 **(UNAUDITED)**
 
 For
                  the Three Months EndedMarch
                  31,2007
              
              2006Operating
                  ActivitiesNet
                  income (loss)
              
              $
              (20,297
              )
              $
              77,510Adjustments
                  to reconcile net income (loss) to net cash provided (used) by operating
                  activitiesDepreciation
              
              
              14,438
              
              
              2,864Amortization
              
              
              -
              
              
              18,232Changes
                  in operating assets and liabilities:(Increase)/Decrease
                  in accounts receivable
              
              
              33,023
              
              
              797,776(Increase)/Decrease
                  in others receivable
              
              
              -
              
              
              (987,988
              )(Increase)/Decrease
                  in prepaid expenses and supplies
              
              
              (25,869
              )
              
              114,279(Increase)/Decrease
                  in contract security deposit
              
              
              (955
              )
              
              (5,054
              )Increase/(Decrease)
                  in accounts payable and accrued expenses
              
              
              (31,340
              )
              
              (5,820
              )Increase/(Decrease)
                  in other payable
              
              
              2,643
              
              
              (4,460
              )Increase/(Decrease)
                  in due to a related party
              
              
              (3,422
              )
              
              37,440Net
                  cash provided (used) by operating activities
              
              
              (31,779
              )
              
              44,779Investing
                  ActivitiesPurchase
                  of fixed assets
              
              
              -
              
              
              (224,289
              )Net
                  cash (used) by investing activities
              
              
              -
              
              
              (224,289
              )Financing
                  ActivitiesNet
                  cash provided (used) by financing activities
              
              
              -
              
              
              -Increase
                  (decrease) in cash
              
              
              (31,779
              )
              
              (179,510
              )Effects
                  of exchange rates on cash
              
              
              5,290
              
              
              31,468Cash
                  at beginning of the period
              
              
              49,980
              
              
              636,539Cash
                  at end of the period
              
              $
              23,491
              
              $
              488,497Supplemental
                  Disclosures of Cash Flow Information:Cash
                  paid (received) during year for:Interest
              
              $
              -
              
              $
              -Income
                  taxes
              
              $
              -
              
              $
              -
 
 
 
 
 **See
        Notes to Financial Statements.**
 
  4
  **THE
        BRALORNE MINING COMPANY AND SUBSIDIARIES**
 
 **NOTES
        TO FINANCIAL STATEMENTS**
 
 
 **Note
                  1-**
              **BASIS
                  OF PRESENTATION**
 
 The
        consolidated financial statements of The Bralorne Mining Company and
        subsidiaries ( the "Company"), included herein were prepared, without audit,
        pursuant to rules and regulations of the Securities and Exchange Commission.
        Because certain information and notes normally included in financial statements
        prepared in accordance with accounting principles generally accepted in the
        United States of America were condensed or omitted pursuant to such rules
        and
        regulations, these financial statements should be read in conjunction with
        the
        financial statements and notes thereto included in the audited financial
        statements of the Company as included in the Company's Form 10-KSB for the
        year
        ended December 31, 2006.
 
 **Note
                  2-**
              **ORGANIZATION
                  AND OPERATIONS**
 
 **Organization
        and Business Background**
 
 The
        Bralorne Mining Company ("Bralorne" or the Company) was incorporated under
        the
        laws of the State of Nevada on December 2, 1998 with authorized common stock
        of
        200,000,000 shares at $0.001 par value. Currently, the Company principally
        engages in the business to provide telecommunication services in the People's
        Republic of China ("PRC'), through its wholly-owned subsidiary, Gold Profit
        (Asia) Group Limited ("Gold Profit").
 
 On
        November 2, 2006, Bralorne entered into an Share Exchange Agreement (“the
        Agreement") with the sole shareholder of Gold Profit to exchange 40,000,000
        shares of common stock of Bralorne for 100% of the outstanding stock of Gold
        Profit. Upon the execution of the Agreement, Gold Profit became a wholly-owned
        subsidiary of Bralorne.
 
 Gold
        Profit was incorporated as a limited liability company in the British Virgin
        Islands (“BVI”) under the BVI Business Companies Act on July 28, 2006, for the
        purpose of seeking and consummating a merger or acquisition with a business
        entity organized as a private corporation, partnership, or sole proprietorship
        as defined by Statement of Financial Accounting Standards (SFAS) No. 7
“Accounting and Reporting by Development Stage Enterprises”.
 
 On
        September 8, 2006, Gold Profit entered into a Share Purchase Agreement with
        all
        the shareholders of Beijing Quan Tong Chang Information Service Limited a/k/a
        Beijing Smooth Global Information Services Ltd. (”QTC') to acquire 100% of QTC's
        registered capital for RMB500,000 (equivalent to US$60,386). Upon the completion
        of the this transaction, QTC became a wholly-owned subsidiary of Gold
        Profit.
 
 Under
        the
        Company Law of PRC, QTC was incorporated in Beijing, PRC on August 2, 2003
        with
        a registered capital of $60,386. QTC is a telecommunication company focusing
        on
        providing telecommunication agency services and sale of self-developed
        enterprise internet phone solutions to customers in PRC.
 
  5
  **THE
        BRALORNE MINING COMPANY AND SUBSIDIARIES**
 
 **NOTES
        TO FINANCIAL STATEMENTS**
 
 
 **Note
                  2-**
              **ORGANIZATION
                  AND OPERATIONS (continued)**
 
 **Organization
        and Business Background (continued)**
 
 QTC
        telecommunication agency services mainly focus on call time distribution
        and
        provide public phone users with access to China Netcom (Shaoxing) Corporation
        Limited (“CNSX”) and China Netcom (Guangdong) Corporation Limited (“CNGD”)
        network via paid phones installed in universities, convenience shops and
        street
        corners which are managed but not necessary owned by QTC. Both CNSX and CNGD
        are
        subsidiaries of China Netcom (Group) Company Limited, one of the largest
        telecommunications carriers in PRC. QTC signed non-exclusive distribution
        agreement with CNSX and CNGD to distribute their Voice Over Internet Protocol
        (“VoIP”) call times in the PRC.
 
 QTC
        also
        provides enterprise internet phone solutions to its customers, mainly the
        commercial buildings located in PRC, including design and implementation
        of VoIP
        systems and purchasing and installation of VoIP hardware and
        software.
 
 The
        merger of Bralorne with Gold Profit results in a capital transaction accounted
        for as a reverse merger. The transaction was treated for accounting purposes
        as
        a recapitalization of the accounting acquirer (Gold Profit) and a reorganization
        of the accounting acquiree (Bralorne). Accordingly, the historical financial
        statements presented prior to the merger are the historical financial statements
        of Gold Profit, which includes Gold Profit's wholly-owned subsidiary,
        QTC.
 
 Bralorne,
        Gold Profit, and QTC are hereafter referred to as the Company.
 
 **Going
        Concern**
 
 As
        reflected in the accompanying consolidated financial statements, the Company
        occurred an operation loss of $1,913,670 in the year ended December 31, 2006.
        The amount is significant, comparing with the Company's shareholders' equity.
        Additionally, the revenue for the three months ended March 31, 2007 dropped
        enormously , compared to the revenue for the three months ended March 31,
        2006.
        These factors raise substantial doubt about its ability to continue as a
        going
        concern. In view of the matters described above, recoverability of a major
        portion of the recorded asset amounts shown in the accompanying consolidated
        balance sheet is dependent upon continued operations of the Company, which
        in
        turn is dependent upon the Company's ability to raise additional capital,
        obtain
        financing and succeed in its future operations. The financial statements
        do not
        include any adjustments relating to the recoverability and classification
        of
        recorded asset amounts or amounts and classification of liabilities that
        might
        be necessary should the Company be unable to continue as a going
        concern.
 
 Management
        has taken the steps to revise its operating and financial requirements, which
        it
        believes are sufficient to provide the Company with the ability to continue
        as a
        going concern. The Company is actively pursuing additional funding and a
        potential merger or acquisition candidate and strategic partners, which would
        enhance stockholders' investment. Management believes that these actions
        will
        allow the Company to continue operations through the next fiscal
        year.
 
  6
  **THE
        BRALORNE MINING COMPANY AND SUBSIDIARIES**
 
 **NOTES
        TO FINANCIAL STATEMENTS**
 
 
 **Note
                  3-**
              **SIGNIFICANT
                  ACCOUNTING POLICIES**
 
 **Basis
        of Presentation**
 
 The
        accompanying consolidated financial statements are prepared in accordance
        with
        generally accepted accounting principles in the United States of America
        ("US
        GAAP"). This basis of accounting differs from that used in the statutory
        accounts of the Company, which are prepared in accordance with the "Accounting
        Principles of China " ("PRC GAAP"). Certain accounting principles, which
        are
        stipulated by US GAAP, are not applicable in the PRC GAAP. The difference
        between PRC GAAP accounts of the Company and its US GAAP financial statements
        is
        immaterial.
 
 **Use
        of Estimates**
 
 The
        consolidated financial statements have been prepared in accordance with
        accounting principles generally accepted in the United States of America.
        In
        preparing these financial statements, management makes estimates and assumptions
        that affect the reported amounts of assets and liabilities in the balance
        sheets
        and revenues and expenses during the years reported. Actual results may differ
        from these estimates.
 
 **Termination
        of distribution contract**
 
 The
        Company had a non-exclusive distribution contract with China Netcom (Beijing)
        Corporation Limited (“CNBJ”) to distribute its traditional fixed line call
        times. In January 2007, CNBJ notified the Company to terminate such contract,
        under which, the Company generated revenue of $62,031 and $22,327 for the
        year
        ended December 31, 2006 and the three months ended March 31, 2006, respectively.
        The Company derived revenue of $1,158 from such business in January 2007
        before
        the termination.
 
 
   
 
  7
  **THE
        BRALORNE MINING COMPANY AND SUBSIDIARIES**
 
 **NOTES
        TO FINANCIAL STATEMENTS**
 
 
 **Note
                  3-**
              **SIGNIFICANT
                  ACCOUNTING POLICIES
                  (continued)**
 
 **Revenue
        Recognition**
 
 The
        Company derives revenues from the provision of telecommunication agency services
        and sale of enterprise internet phone solutions. The Company recognizes its
        revenues net of related business taxes and value added taxes. In accordance
        with
        the SEC’s Staff Accounting Bulletin No. 104, Revenue Recognition , QTC
        recognizes revenue when persuasive evidence of an arrangement exists, transfer
        of title has occurred or services have been rendered, the selling price is
        fixed
        or determinable and collectibility is reasonably assured.
 
 **(a)
        Agency services revenue**
 
 The
        Company contracted with CNSX and CNGD for the distribution of their VoIP
        call
        times. Call times agency services fee is generally recognized when the end
        user
        made a call through the pay phones managed by the Company. The tariff per
        call
        is according to the pricing policy of CNSX and CNGD.
 
 The
        tariff is initially collected from end users to CNSX and CNGD, who in turn
        will
        pay the Company according to its percentage sharing as mentioned in the
        distribution agreement. The Company recognizes net revenues based on the
        total
        amount paid by end users. The Company does not recognize service revenue
        based
        on the records provided by its own server but will wait until the monthly
        reconciliation with CNSX and CNGD 's billing statement is done. There is
        a time
        lag ranging from 30 days to 45 days between the end of the service period
        and
        the date CNSX and CNGD send out their billing statements. The Company's
        dependence on the substance and timing of the billing systems of CNSX and
        CNGD
        may require the management to estimate portions of the reported revenue for
        agency services from time to time. As a result, subsequent adjustments may
        have
        to be made to our agency services revenue in the financial
        statements.
 
 The
        Company records the revenue on a net basis in compliance with EITF 99-19,
        "Reporting Revenues Gross as a Principle versus Net as an Agent" because
        the
        Company:
 
 1.
         is not the primary obligor in the arrangement, as it relies on CNSX and
        CNGD to transmit the telecommunication services to the end users;
 
 2. 
        has limited ability to adjust the cost of services by adjusting the design
        or
        marketing of the service;
 
 3. 
        has limited ability to determine prices, the Company must follow the price
        policy within ranges prescribed by CNSX and CNGD;
 
 4. 
        has limited ability to assume risk of non-payment by customers.
  8
  **THE
        BRALORNE MINING COMPANY AND SUBSIDIARIES**
 
 **NOTES
        TO FINANCIAL STATEMENTS**
 
 
 **Note
                  3-**
              **SIGNIFICANT
                  ACCOUNTING POLICIES
                  (continued)**
 
 **Revenue
        Recognition (continued)**
 
 **(b)
        Enterprise internet phone solutions revenue**
 
 Enterprise
        internet phone solutions include design and implementation of internet phone
        systems and purchasing and installation of related telecommunication hardware
        and software. The contracts are accounted for as one unit of accounting as
        the
        criteria for separation are not met, and revenue for billed amounts is
        recognized when customer’s acceptance is obtained provided that no significant
        obligations remain. For amounts billed after acceptance, revenue is recognized
        upon cash receipt due to uncertainty of collectibility.
 
 **Cost
        of Revenue**
 
 **(a)
        Costs of agencies services**
 
 Costs
        of
        services includes the costs of direct promotion and marketing, staff bonuses
        and
        commissions that are based on revenues, bandwidth leasing charges, rent,
        depreciation and platform maintenance costs.
 
 **(b)
        Costs of enterprise internet phone solutions**
 
 Costs
        of
        sales sold consists of the cost of equipments, materials and labor that the
        Company sold to its enterprise internet phone solutions customers.
 
 **Cash
        and Cash Equivalents**
 
 Cash
        and
        cash equivalents are carried at cost and represent cash on hand, demand deposits
        placed with banks or other financial institutions and all highly liquid
        investments with an original maturity of three months or less as of the purchase
        date of such investments.
 
 **Accounts
        Receivable**
 
 Trade
        accounts receivable are recorded at the invoiced amount and do not bear
        interest. The allowance for doubtful accounts is the Management’s best estimate
        of the amount of probable credit losses in the Company’s existing accounts
        receivable. The Company determines the allowance based on historical write-off
        experience. The Company reviews its allowance for doubtful accounts on a
        regular
        basis. Past due balances over 90 days and over a specified amount are reviewed
        individually for collectibility. All other balances are reviewed on a pooled
        basis by industry. Account balances are charged off against the allowance
        after
        all means of collection have been exhausted and the potential for recovery
        is
        considered remote. The Company does not have any off-balance-sheet credit
        exposure related to its customers.
 
  9
  **THE
        BRALORNE MINING COMPANY AND SUBSIDIARIES**
 
 **NOTES
        TO FINANCIAL STATEMENTS**
 
 
 **Note
                  3-**
              **SIGNIFICANT
                  ACCOUNTING POLICIES
                  (continued)**
 
 **Property
        and Equipment**
 
 Plant
        and
        equipment are stated at cost less accumulated depreciation and accumulated
        impairment losses, if any. Depreciation is calculated on the straight-line
        basis
        over the following expected useful lives from the date on which they become
        fully operational and after taking into account their estimated residual
        values:
 
 Depreciable
              
              ResidualLife
              
              ValueNetwork
                  and computer equipment
              
              5
                  years
              
              4%Office
                  equipment and furniture
              
              5
                  years
              
              4%Leasehold
                  Improvements
              
              5
                  years (Lease duration)
              
              0%
 
 Expenditure
        for maintenance and repairs is expended as incurred.
 
 **Impairment
        of Long-life Assets**
 
 Long-lived
        assets and certain identifiable intangibles are reviewed for impairment whenever
        events or changes in circumstances indicate that the carrying amount of an
        asset
        may not be recoverable. Recoverability of assets to be held and used is measured
        by a comparison of the carrying amount of an asset to future net cash flows
        expected to be generated by the asset. If such assets are considered to be
        impaired, the impairment to be recognized is measured by the amount by which
        the
        carrying amount of the assets exceeds the fair value of the assets. Assets
        to be
        disposed of are reported at the lower of the carrying amount or fair value
        less
        costs to sell.
  
 **Research
        and Development Costs**
 
 Research
        and development costs are expensed when incurred. The major components of
        these
        research and development costs are the labor cost. Research and development
        costs amounted to $0  and  $2,270
        for the three months ended March 31, 2007 and 2006, respectively.
 
 **Advertising
        Costs**
 
 The
        Company expenses advertising costs as incurred in accordance with the American
        Institute of Certified Public Accountants (“AICPA”) Statement of Position 93-7,
“Reporting for Advertising Costs”. Advertising expenses amounted to $0 and
        $2,180  for
        the
        three months ended March 31, 2007 and 2006, respectively.
 
 **Comprehensive
        Income**
 
 Statement
        of Financial Accounting Standards (SFAS) No. 130, “Reporting Comprehensive
        Income,” establishes standards for reporting and display of comprehensive
        income, its components and accumulated balances. Comprehensive income as
        defined
        includes all changes in equity during a period from non-owner sources.
        Accumulated comprehensive income, as presented in the accompanying statement
        of
        changes in shareholders' equity consists of changes in unrealized gains and
        losses on foreign currency translation. This comprehensive income is not
        included in the computation of income tax expense or benefit.
 
  10
  **THE
        BRALORNE MINING COMPANY AND SUBSIDIARIES**
 
 **NOTES
        TO FINANCIAL STATEMENTS**
 
 
 **Note
                  3-**
              **SIGNIFICANT
                  ACCOUNTING POLICIES
                  (continued)**
 
 **Foreign
        Currencies Translation**
 
 The
        functional currency of the Company is Renminbi (“RMB”). Transactions denominated
        in currencies other than RMB are translated into RMB at the exchange rates
        quoted by the People’s Bank of China (“PBOC”) prevailing at the date of the
        transactions. Monetary assets and liabilities denominated in foreign currencies
        are translated into RMB using the applicable exchange rates quoted by the
        PBOC
        at the balance sheet dates. Exchange differences are included in the statements
        of changes in shareholders' equity. Gain and losses resulting from foreign
        currency transactions are included in operations.
 
 The
        Company’s financial statements are translated into the reporting currency, the
        United States Dollar (“US$”), using exchange rates in effect at each year end
        for assets and liabilities and average exchange rates during each reporting
        year
        for the consolidated statements of operations. Contributed capital accounts
        are
        translated using the historical rate of exchange when capital is injected.
        Translation adjustments resulting from translation of these consolidated
        financial statements are reflected as accumulated other comprehensive income
        in
        the shareholders’ equity.
 
 Translation
        adjustments resulting from this process are included in accumulated other
        comprehensive income (loss) in the consolidated statement of changes in
        shareholders’ equity and amounted to $69,156 and $24,083 as of December 31, 2006
        and 2005, respectively, as compared to $71,197 and $50,417 as of March 31,
        2007
        and 2006, respectively. The balance sheet amounts with the exception of equity
        at December 31, 2006 were translated at 7.80 RMB to $1.00 USD as compared
        to
        8.06 RMB at December 31, 2005, and 7.74 RMB and 8.01 RMB at March 31, 2007
        and
        2006, respectively. The equity accounts were stated at their historical rate.
        The average translation rates applied to income statement accounts for the
        years
        ended December 31, 2006 and 2005 were 7.96 RMB and 8.11 RMB, respectively,
        as
        compared to 7.77 RMB and 8.05 RMB for the three months ended March 31, 2007
        and
        2006, respectively.
 
 **Segment
        Reporting**
 
 SFAS
        No.
        131 “Disclosures about Segments of an Enterprise and Related Information”
establishes standards for reporting information about operating segments
        on a
        basis consistent with the Company’s internal organization structure as well as
        information about geographical areas, business segments and major customers
        in
        financial statements. The Company operates in two principal business
        segments.
 
 **Fair
        Value of Financial Instruments**
 
 The
        carrying value of the Company’s financial instruments, which include cash and
        cash equivalents, accounts receivables and payables, and amounts due from/to
        shareholders, approximate fair value due to the short maturities of those
        instruments.
 
 **Related
        Parties**
 
 For
        the
        purposes of these financial statements, parties are considered to be related
        to
        the Company if the Company has the ability, directly or indirectly, to control
        the party or exercise significant influence over the party in making financial
        and operating decisions, or vice versa, or where the Company and the party
        are
        subject to common control or common significant influence. Related parties
        may
        be individuals or other entities.
 
  11
  **THE
        BRALORNE MINING COMPANY AND SUBSIDIARIES**
 
 **NOTES
        TO FINANCIAL STATEMENTS**
 
 
 **Note
                  3-**
              **SIGNIFICANT
                  ACCOUNTING POLICIES
                  (continued)**
 
 **Income
        Taxes**
 
 The
        Company accounts for income tax using SFAS No. 109 “Accounting for Income
        Taxes”, which requires the asset and liability approach for financial accounting
        and reporting for income taxes. Under this approach, deferred income taxes
        are
        provided for the estimated future tax effects attributable to temporary
        differences between financial statement carrying amounts of assets and
        liabilities and their respective tax bases, and for the expected future tax
        benefits from loss carry-forwards and provisions, if any. Deferred tax assets
        and liabilities are measured using the enacted tax rates expected in the
        years
        of recovery or reversal and the effect from a change in tax rates is recognized
        in the statement of operations in the period of enactment. A valuation allowance
        is provided to reduce the amount of deferred tax assets if it is considered
        more
        likely than not that some portion of, or all of the deferred tax assets will
        not
        be realized.
 
 **Change
        of Fiscal Year Ending**
 
 On
        December 28, 2006, the Company change its fiscal year ending from November
        30 to
        December 31. As a capital transaction accounted for as a reverse merger,
        the
        Company's historical financial statements presented prior to the merger are
        the
        historical financial statements of accounting acquirer, Gold Profit, whose
        fiscal year ending is December 31. Therefore, the Management believes the
        Company does not need to file a transition report in order to substantially
        compliance with the requirements of Rule 13a-10.
 
 **Note
                  4-**
              **ACCOUNTS
                  RECEIVABLE**
 
 Accounts
        receivable consists of the following:
 
 March
                  31,2007Accounts
                  receivable
              
              $
              9,346less:
                  Allowance for bad debt
              
              
              -Accounts
                  receivable, net
              
              $
              9,346
 
 The
        majority of the Company’s sales are on open account terms and in accordance with
        terms specified in the contracts governing the relevant transactions. The
        Company evaluates the need of an allowance for doubtful accounts based on
        specifically identified amounts that management believes to be uncollectible.
        If
        actual collections experience changes, revisions to the allowance may be
        required. Based upon the aforementioned criteria, management has determined
        that
        no provision for uncollectible accounts is required as of March 31,
        2007.
 
  12
  **THE
        BRALORNE MINING COMPANY AND SUBSIDIARIES**
 
 **NOTES
        TO FINANCIAL STATEMENTS**
 
 
 **Note
                  5-**
              **PROPERTY
                  AND EQUIPMENT, NET**
 
 The
        following is a summary of property, plant and equipment-at cost, less
        accumulated depreciation:
 
 March
                  31,2007Network
                  and computer equipment
              
              $
              113,223Office
                  equipment and furniture
              
              
              66,977Leasehold
                  Improvements
              
              
              225,599405,799Less:
                  Accumulated depreciation
              
              
              (131,700
              )Total
              
              $
              274,099
 
 Depreciation
        expense charged to operations was $14,438 and $2,864 for the three months
        ended
        March 31, 2007 and 2006, respectively.
 
 **Note
                  6-**
              **ACCRUED
                  EXPENSES**
 
 Accrued
        expenses consists of the following:
 
 March
                  31,2007Welfare
                  payable
              
              $
              13,442Accrued
                  professional fees
              
              
              34,815$
              48,257
 
 **Note
                  7-**
              **DUE
                  TO A RELATED PARTY**
 
 Due
        to a
        related party consists of the following:
 March
                  31,2007Due
                  to Ms. Zheng, Shuying - rent payable
              
              $
              54,257
 
 **Rent
        payable**
 
 The
        Company rents office premise at the market rate from Ms. Shuying Zheng, CEO
        and
        CFO of the Company. The lease is non-cancelable and will expire in June 2010.
        Rent expense amounted to $3,860 and $3,728 for the three months ended March
        31,
        2007 and 2006, respectively. There was an outstanding balance of $54,275
        owed to
        the landlord as of March 31, 2007.
  13
  **THE
        BRALORNE MINING COMPANY AND SUBSIDIARIES**
 
 **NOTES
        TO FINANCIAL STATEMENTS**
 
 
 **Note
                  8-**
              **CONCENTRATIONS
                  AND RISKS**
 
 **(a)
        Major Customers**
 
 Substantially
        all of the telecommunication agency services revenues for the three months
        ended
        March 31, 2007 and 2006, are derived from CNSX and CNGD. The Company is entitled
        to a percentage of the revenues earned from users of their services. If the
        strategic relationship with either CNSX and CNGD is terminated or scaled-back,
        or if CNSX and CNGD alter the co-operative arrangements, the Company’s
        telecommunication agency services revenue might be adversely
        affected.
 
 **(b)
        Credit Risk**
 
 Financial
        instruments that potentially subject to credit risk consist principally of
        trade
        receivables. The Company believes the concentration of credit risk in its
        trade
        receivables is substantially mitigated by its ongoing credit evaluation process
        and relatively short collection terms. The Company does not generally require
        collateral from customers. The Management evaluates the need for an allowance
        for doubtful accounts based upon factors surrounding the credit risk of specific
        customers, historical trends and other information.
 
 **Note
                  9-**
              **COMMITMENTS
                  AND CONTINGENCIES**
 
 The
        Company faces a number of risks and challenges not typically associated with
        companies in North America and Western Europe, since its assets exist solely
        in
        the PRC, and its revenues are derived from its operations therein. The PRC
        is a
        developing country with an early stage market economic system, overshadowed
        by
        the state. Its political and economic systems are very different from the
        more
        developed countries and are in a state of change. The PRC also faces many
        social, economic and political challenges that may produce major shocks and
        instabilities and even crises, in both its domestic arena and in its
        relationships with other countries, including the United States. Such shocks,
        instabilities and crises may in turn significantly and negatively affect
        the
        Company's performance.
 
 
 
 
   
 
  14
  **ITEM
        2. MANAGEMENT’S DISCUSSION AND ANALYSIS**
 
  **Results
        of Operations**
  We
        realized only $18,936 in revenue during the first three months of 2007, compared
        to $336,525 in the first three months of 2006, a reduction of 94%. The primary
        reasons for the reduction were:
  Ø
              The
                  tariffs on mobile phone calls in China have fallen by approximately
                  80% in
                  the past two years. As a result, the use of cell phones has increased
                  dramatically, with a concomitant slackening of demand for our payphone
                  services. When we initiated our business, the average cell phone
                  tariff
                  was five times the tariff on a call from our payphones. Now the
                  difference
                  is insignificant.
  Ø
              In
                  January China Netcong (Beijing) Corporation Limited cancelled the
                  contract
                  under which we distributed its fixed line call times. This contract
                  had
                  generated $22,327 in revenue for us in the first three months of
                  2006.
  Ø
              Our
                  attention in 2006 was focused on (a) becoming a public company
                  and (b)
                  developing our international call forwarding business. As a result,
                  only
                  minimal resources were devoted to marketing our VoIP solutions.
                  The result
                  was a complete elimination of revenue from that business during
                  the first
                  three months of 2007.
 
 As
        our
        established businesses waned, management has been actively reducing our level
        of
        expenses. As a result, our operating expenses during the quarter ended March
        31,
        2007 were only $32,800, a 43% reduction from the first quarter of 2006. So,
        despite the near-elimination of revenue, we incurred only a $20,927 net loss
        for
        the quarter.
  Management
        will continue to explore alternatives that will supplement the revenue from
        our
        current businesses. The future prosperity of our company will depend on their
        success. In the meantime, we are taking steps to make our payphones business
        again viable. To offset some of the factors that have diminished results
        recently, we intend to invest in new outlets, including outlets designed
        to
        serve as complete telecommunications stores, selling SIM cards, prepayment
        cards
        and the like. We also intend to invest in improving our billing system, to
        provide customers assurance of reliable billing. Our goal is that in 2007
        our
        investment in the revival of our pay phone network, combined with one or
        more
        additional telecommunications ventures, will return our statement of operations
        to profitability.
 
 **Liquidity
        and Capital Resources**
 
 We
        began
        2006 with a sizeable cash balance and nearly $1 million in accounts receivable.
        Both the cash and the receivables were exhausted during 2006, as our operations
        used $386,812 and our working capital was reduced to a deficit of $18,483.
        This
        atrophy continued into the first three months of 2007, as our working capital
        deficit increased by $1,524 to $20,007. In order to sustain and grow our
        business, therefore, we will need capital.
 
 We
        are
        currently engaged in discussions aimed at obtaining capital. We expect that
        in
        the next few months we will sell equity or combined debt-equity instruments
        in
        order to obtain the necessary capital. At the present time, however, we have
        not
        received any firm commitment for capital from any source.
  15
   **Off-Balance
        Sheet Arrangements**
  We
        do not
        have any off-balance sheet arrangements that have or are reasonably likely
        to
        have a current or future effect on our financial condition or results of
        operations.
 
 **Risk
        Factors that May Affect Future Results**
 
 You
        should carefully consider the risks described below before buying our common
        stock. If any of the risks described below actually occurs, that event could
        cause the trading price of our common stock to decline, and you could lose
        all
        or part of your investment.
 
 *Our
        payphone business will fail if we are unable to revitalize it.*
 
 The
        business plan with which we initiated our business relied on the significantly
        lower tariffs then charged for payphone calls relative to cell phone calls.
        Since we commenced the business, however, the tariffs on cell calls in China
        have fallen by 80%. As a result, the foundation of our business plan has
        been
        weakened. Unless we are able to revitalize that business with new initiatives
        or
        are able to replace it with a viable alternative business, our company will
        not
        succeed.
 
 *If
        a
        major carrier undertook to compete against us in the payphone business, our
        resources might not be sufficient to compete effectively.*
 
 There
        are
        low barriers to entry into the payphone business. We have no patents on the
        technology, nor are there significant trade secrets to give us a privileged
        position in the market. Our success in this business will depend on our
        marketing acumen and the quality of the service we provide. If a major
        telecommunications carrier or other highly capitalized business entered the
        market, our resources might not permit us to compete effectively against
        the
        competitor’s ability to devote vast capital and human resources to the project
        of accumulating the relationships that will be key to success in this
        business.
 
 *Our
        pay phone business could be eliminated if we lost our contract with China
        Netcom* .
 
 Our
        entire agency services (i.e. pay phone) business depends has been predicated
        on
        the distribution agreement that we have with three subsidiaries of China
        Netcom.
        One of those subsidiaries cancelled its contract with us in January 2007.
        If the
        other subsidiaries were to terminate our relationship for any reason, we
        would
        suffer substantial losses until we were able to introduce a substitute carrier.
        If no adequate substitute could be found, our business could fail. **  **
  *A
        recession in China could significantly hinder our growth* .
 
 The
        success of our telecommunications initiatives will depend on continuation
        and
        expansion of recent economic trends in China. The growth of demand for
        telecommunications services will depend on the continued growth in prosperity
        of
        the Chinese population, which depend, in turn, on recent growth in business
        activity and disposable income in China. If there is a downturn in business
        activity in China, it will reduce the market for our services. Many financial
        commentators expect a recession to occur in China in the near future. The
        occurrence of a recession could significantly hinder our efforts to implement
        our business plan.
 
 
  16
  *Our
        business and growth will suffer if we are unable to hire and retain key
        personnel that are in high demand.*
 
 Our
        future success depends on our ability to attract and retain highly skilled
        marketing personnel and technicians. Qualified individuals are in high demand
        in
        China, and there are insufficient experienced personnel to fill the demand.
        Therefore we may not be able to successfully attract or retain the personnel
        we
        need to succeed.
 
 *We
        may have difficulty establishing adequate management and financial controls
        in
        China.*
 
 The
        People’s Republic of China has only recently begun to adopt the management and
        financial reporting concepts and practices that investors in the United States
        are familiar with. We may have difficulty in hiring and retaining employees
        in
        China who have the experience necessary to implement the kind of management
        and
        financial controls that are expected of a United States public company. If
        we
        cannot establish such controls, we may experience difficulty in collecting
        financial data and preparing financial statements, books of account and
        corporate records and instituting business practices that meet U.S. standards.
 
 *Government
        regulation may hinder our ability to function efficiently* .
 
 The
        national, provincial and local governments in the People’s Republic of China are
        highly bureaucratized. The day-to-day operations of our business require
        frequent interaction with representatives of the Chinese government
        institutions. The effort to obtain the registrations, licenses and permits
        necessary to carry out our business activities can be daunting. Significant
        delays can result from the need to obtain governmental approval of our
        activities. These delays can have an adverse effect on the profitability
        of our
        operations. In addition, compliance with regulatory requirements applicable
        to
        telecommunications services may increase the cost of our operations, which
        would
        adversely affect our profitability.
 
 *Capital
        outflow policies in China may hamper our ability to pay dividends to
        shareholders in the United States.*
  The
        People’s Republic of China has adopted currency and capital transfer
        regulations. These regulations require that we comply with complex regulations
        for the movement of capital. Although Chinese governmental policies were
        introduced in 1996 to allow the convertibility of RMB into foreign currency
        for
        current account items, conversion of RMB into foreign exchange for capital
        items, such as foreign direct investment, loans or securities, requires the
        approval of the State Administration of Foreign Exchange. We may be unable
        to
        obtain all of the required conversion approvals for our operations, and Chinese
        regulatory authorities may impose greater restrictions on the convertibility
        of
        the RMB in the future. Because most of our future revenues will be in RMB,
        any
        inability to obtain the requisite approvals or any future restrictions on
        currency exchanges will limit our ability to pay dividends to our shareholders.
 
 *Currency
        fluctuations may adversely affect our operating results.*
 
  17
  Beijing
        QTC generates revenues and incurs expenses and liabilities in Renminbi, the
        currency of the People’s Republic of China. However, as a subsidiary of Bralorne
        Mining, it will report its financial results in the United States in U.S.
        Dollars. As a result, our financial results will be subject to the effects
        of
        exchange rate fluctuations between these currencies. From time to time, the
        government of China may take action to stimulate the Chinese economy that
        will
        have the effect of reducing the value of Renminbi. In addition, international
        currency markets may cause significant adjustments to occur in the value
        of the
        Renminbi. Any such events that result in a devaluation of the Renminbi versus
        the U.S. Dollar will have an adverse effect on our reported results. We have
        not
        entered into agreements or purchased instruments to hedge our exchange rate
        risks.
 
 *We
        have limited business insurance coverage.*
 
 The
        insurance industry in China is still at an early stage of development. Insurance
        companies in China offer limited business insurance products, and do not,
        to our
        knowledge, offer business liability insurance. As a result, we do not have
        any
        business liability insurance coverage for our operations. Moreover, while
        business disruption insurance is available, we have determined that the risks
        of
        disruption and cost of the insurance are such that we do not require it at
        this
        time. Any business disruption, litigation or natural disaster might result
        in
        substantial costs and diversion of resources.
 
 *Bralorne
        Mining is not likely to hold annual shareholder meetings in the next few
        years.*
 
 Management
        does not expect to hold annual meetings of shareholders in the next few years,
        due to the expense involved. The current members of the Board of Directors
        were
        appointed to that position by the previous directors. If other directors
        are
        added to the Board in the future, it is likely that the current directors
        will
        appoint them. As a result, the shareholders of Bralorne Mining will have
        no
        effective means of exercising control over the operations of Bralorne
        Mining.
  *Your
        ability to bring an action against us or against our directors, or to enforce
        a
        judgment against us or them, will be limited because we conduct all of our
        operations in China and because most of our management resides outside of
        the
        United States* **.**
 
 We
        conduct all of our operations in China through our wholly-owned subsidiary.
        All
        of our directors and officers reside in China and all of the assets of those
        Chinese residents are located outside of the United States. As a result,
        it may
        be difficult or impossible for you to bring an action against us or against
        these individuals in the United States in the event that you believe that
        your
        rights have been infringed under the securities laws or otherwise. Even if
        you
        are successful in bringing an action of this kind, the laws of the United
        States
        and of China may render you unable to enforce a judgment against our assets
        or
        the assets of our directors.
 
 
 **ITEM
        3. CONTROLS AND PROCEDURES**
 
 *Evaluation
        of Disclosure Controls and Procedures* .
        Our
        Chief Executive Officer and Chief Financial Officer carried out an evaluation
        of
        the effectiveness of our disclosure controls and procedures as of March 31,
        2007. Pursuant to Rule13a-15(e) promulgated by the Securities and Exchange
        Commission pursuant to the Securities Exchange Act of 1934, “disclosure controls
        and procedures” means controls and other procedures that are designed to insure
        that information required to be disclosed by Bralorne Mining in the reports
        that
        it files with the Securities and Exchange Commission is recorded, processed,
        summarized and reported within the time limits specified in the Commission’s
        rules. “Disclosure controls and procedures” include, without limitation,
        controls and procedures designed to insure that information Bralorne Mining
        is
        required to disclose in the reports it files with the Commission is accumulated
        and communicated to our Chief Executive Officer and Chief Financial Officer
        as
        appropriate to allow timely decisions regarding required disclosure. Based
        on
        her evaluation, our Chief Executive Officer and Chief Financial Officer
        concluded that Bralorne Mining’s system of disclosure controls and procedures
        was effective as of March 31, 2007 for the purposes described in this
        paragraph.
 
  18
  *Changes
        in Internal Controls* .
        There
        was no change in internal controls over financial reporting (as defined in
        Rule
        13a-15(f) promulgated under the Securities Exchange Act or 1934) identified in
        connection with the evaluation described in the preceding paragraph that
        occurred during Bralorne Mining’s first fiscal quarter that has materially
        affected or is reasonably likely to materially affect Bralorne Mining’s internal
        control over financial reporting.
 
 **PART
        II - OTHER INFORMATION**
 
 *Item
                  6.*
              *Exhibits*
 
 31
              Rule
                  13a-14(a) Certification
 32
              Rule
                  13a-14(b) Certification
 
 **SIGNATURES**
 
 Pursuant
        to the requirements of the Securities Exchange Act of 1934, the Registrant
        has
        duly caused this Report to be signed on its behalf by the undersigned thereunto
        duly authorized.
 THE
                    BRALORNE MINING COMPANYDate:
                    May 21, 2007
                By:
                /s/
                    Zheng
                    ShuyingZheng
                    Shuying, Chief Executive Officerand
                    Chief Financial Officer
 
 
 
 
 
 
 
 
 
 
 
 
 
 *     
        *      *     
*      *
 
  19