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| Utah                                                                            | 81                  - 0674073                         |
|---------------------------------------------------------------------------------|-------------------------------------------------------|
| (State                  or other jurisdiction of incorporation or organization) | (I.R.S.                  Employer Identification No.) |

| 175                  East 400 South Suite 900, Salt Lake City, Utah | 84111                       | 801-531-0404                                 |
|---------------------------------------------------------------------|-----------------------------|----------------------------------------------|
| (Address                  of principal executive offices)           | (Zip                  Code) | (Issuer's                  telephone number) |
|                                                                |                        |                                         |

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**SCRAP        CHINA CORPORATION**

**FORM        10-QSB**

**QUARTER        ENDED December 31, 2005**

**TABLE        OF CONTENTS**

|                                                                                                                                                                                                                                                                    |                                                                             | **Page** |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|----------------------------------------------------------------------------------|----------|
| **PART                  I - FINANCIAL INFORMATION**                                                                                                                                                                                                                     |                                                                             |
|                                                                                                                                                                                                                                                                    |                                                                             |     |
| Item                  1.                                                                                                                                                                                                                                                | Financial                  Statements                                            |     |
|                                                                                                                                                                                                                                                                    |                                                                             |     |
| Condensed                  Balance Sheets - December 31, 2005 and June 30, 2005                  (Unaudited)                                                                                                                                                            | 3                                                                                |
|                                                                                                                                                                                                                                                                    |                                                                             |     |
| Condensed                  Statements of Operations for the Three and Six Months Ended December                  31,                  2005 and for the period June 15, 2005 (date of inception) through                  December                  31, 2005 (Unaudited) | 3                                                                                |
|                                                                                                                                                                                                                                                                    |                                                                             |     |
| Condensed                  Statements of Cash Flows for the Six Months Ended December 31,                  2005 and                  for the Period From June 15, 2005 (date of inception) through December                  31,                  2005 (Unaudited)      | 4                                                                                |
|                                                                                                                                                                                                                                                                    |                                                                             |     |
| Notes                  to Condensed Financial Statements (Unaudited)                                                                                                                                                                                                    | 5                                                                                |
|                                                                                                                                                                                                                                                                    |                                                                             |     |
| Item                  2.                                                                                                                                                                                                                                                | Management’s                  Discussion and Analysis or Plan of Operation | 6        |
|                                                                                                                                                                                                                                                                    |                                                                             |     |
| Item                  3.                                                                                                                                                                                                                                                | Controls                  and Procedures                                         | 7        |
|                                                                                                                                                                                                                                                                    |                                                                             |     |
|                                                                                                                                                                                                                                                                    |                                                                             |     |
| **PART                  II - OTHER INFORMATION**                                                                                                                                                                                                                        |                                                                             |
|                                                                                                                                                                                                                                                                    |                                                                             |     |
| Item                  1.                                                                                                                                                                                                                                                | Legal                  Proceedings                                               | 7        |
|                                                                                                                                                                                                                                                                    |                                                                             |     |
| Item                  2.                                                                                                                                                                                                                                                | Unregistered                  Sales of Equity Securities and Use of Proceeds     | 7        |
|                                                                                                                                                                                                                                                                    |                                                                             |     |
| Item                  3.                                                                                                                                                                                                                                                | Default                  Upon Senior Securities                                  | 7        |
|                                                                                                                                                                                                                                                                    |                                                                             |     |
| Item                  4.                                                                                                                                                                                                                                                | Submission                  of Matters to a Vote of Security Holders             | 7        |
|                                                                                                                                                                                                                                                                    |                                                                             |     |
| Item                  5.                                                                                                                                                                                                                                                | Other                  Information                                               | 8        |
|                                                                                                                                                                                                                                                                    |                                                                             |     |
| Item                  6.                                                                                                                                                                                                                                                | Exhibits                  and Reports on Form 8-K                                | 8        |
|                                                                                                                                                                                                                                                                    |                                                                             |     |
| Signatures                                                                                                                                                                                                                                                              | 9                                                                                |

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**PART        I - FINANCIAL INFORMATION**

**ITEM        1. FINANCIAL STATEMENTS**

**SCRAP        CHINA CORPORATION**

**(A        Development Stage Company)**

**CONDENSED        BALANCE SHEETS**

**(UNAUDITED)**

|                                                                                                                                                     |   | **December                  31,** |    | **June                  30,** |   |
|----------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-----------------------------------|---------|-------------------------------|--------|
|                                                                                                                                                     |   | **2005**                          |    | **2005**                      |   |
|                                                                                                                                                     |   |                              |    |                          |   |
| **ASSETS**                                                                                                                                               |   |                              |    |                          |   |
| **Current                  Assets**                                                                                                                      |   |                              |    |                          |   |
| Cash                                                                                                                                                     |   | $                                 | 168     |                          | $      | 168 |   |
| Prepaid                  expenses                                                                                                                        |   |                              | -       |                          |   | 4,000 |   |
|                                                                                                                                                     |   |                              |    |                          |   |   |   |
| **Total                  Assets**                                                                                                                        |   | $                                 | 168     |                          | $      | 4,168 |   |
|                                                                                                                                                     |   |                              |    |                          |   |   |   |
| **LIABILITIES                  AND STOCKHOLDER'S EQUITY/(DEFICIT)**                                                                                      |   |                              |    |                          |   |   |   |
| **Current                  Liabilities**                                                                                                                 |   |                              |    |                          |   |   |   |
| Accrued                  liabilities                                                                                                                     |   | $                                 | 4,500   |                          | $      | 3,500 |   |
| Payable                  to related party                                                                                                                |   |                              | 49,798  |                          |   | - |   |
|                                                                                                                                                     |   |                              |    |                          |   |   |   |
| **Total                  Current Liabilities**                                                                                                           |   |                              | 54,298  |                          |   | 3,500 |   |
|                                                                                                                                                     |   |                              |    |                          |   |   |   |
| **Stockholder's                  Equity/(Deficit)**                                                                                                      |   |                              |    |                          |   |   |   |
| Common                  shares - 250,000,000 shares authorized; 10,000,000 shares issued                  and                  outstanding, respectively |   |                              | 10,000  |                          |   | 10,000 |   |
| Accumulated                  deficit                                                                                                                     |   |                              | (64,130 | )                             |   | (9,332 | ) |
|                                                                                                                                                     |   |                              |    |                          |   |   |   |
| **Total                  Stockholder's Equity/(Deficit)**                                                                                                |   |                              | (54,130 | )                             |   | 668 |   |
|                                                                                                                                                     |   |                              |    |                          |   |   |   |
| **Total                  Liabilities and Stockholder's Equity/(Deficit)**                                                                                |   | $                                 | 168     |                          | $      | 4,168 |   |

**SCRAP        CHINA CORPORATION**

**(A        Development Stage Company)**

**CONDENSED        STATEMENTS OF OPERATIONS**

**(UNAUDITED)**

|                                                            |   |                               |       |                              |   | **For                  the period**      |   |
|-----------------------------------------------------------------|--------|------------------------------------|------------|-----------------------------------|--------|------------------------------------------|--------|
|                                                            |   |                               |       |                              |   | **June                  15, 2005**       |   |
|                                                            |   | **For                  the three** |       | **For                  the six**  |   | **(date                  of inception)** |   |
|                                                            |   | **months                  ended**  |       | **months                  ended** |   | **through**                              |   |
|                                                            |   | **December                  31,**  |       | **December                  31,** |   | **December                  31,**        |   |
|                                                            |   | **2005**                           |       | **2005**                          |   | **2005**                                 |   |
|                                                            |   |                               |       |                              |   |                                     |   |   |   |   |
| **Sales**                                                       |   | $                                  | -          |                              | $      | -                                        |   | $ | - |   |
|                                                            |   |                               |       |                              |   |                                     |   |   |   |   |
| **Operating                  Expenses**                         |   |                               |       |                              |   |                                     |   |   |   |   |
| Selling,                  general and administrative expenses   |   |                               | 17,493     |                              |   | 54,798                                   |   |   | 64,130 |   |
| **Total                  Operating Expenses**                   |   |                               | 17,493     |                              |   | 54,798                                   |   |   | 64,130 |   |
| **Net                  Loss**                                   |   | $                                  | (17,493    | )                                 | $      | (54,798                                  | )      | $ | (64,130 | ) |
|                                                            |   |                               |       |                              |   |                                     |   |   |   |   |
| **Basic                  and Diluted Net Loss per Share**       |   | $                                  | -          |                              | $      | -                                        |   |   |   |   |
| **Weighted-Average                  Common Shares Outstanding** |   |                               | 10,000,000 |                              |   | 10,000,000                               |   |   |   |   |

----

**SCRAP        CHINA CORPORATION**

**(A        Development Stage Company)**

**CONDENSED        STATEMENTS OF CASH FLOWS**

**(UNAUDITED)**

|                                                             |   |                              |    | **For                  the period**      |   |
|------------------------------------------------------------------|--------|-----------------------------------|---------|------------------------------------------|--------|
|                                                             |   |                              |    | **June                  15, 2005**       |   |
|                                                             |   | **For                  the six**  |    | **(date                  of inception)** |   |
|                                                             |   | **months                  ended** |    | **through**                              |   |
|                                                             |   | **December                  31,** |    | **December                  31,**        |   |
|                                                             |   | **2005**                          |    | **2005**                                 |   |
|                                                             |   |                              |    |                                     |   |
| **Cash                  Flows From Operating Activities:**       |   |                              |    |                                     |   |
| Net                  loss                                        |   | $                                 | (54,798 | )                                        | $      | (64,130 | ) |
| Changes                  in assets and liabilities:              |   |                              |    |                                     |   |   |   |
| Prepaid                  expenses                                |   |                              | 4,000   |                                     |   | - |   |
| Accrued                  liabilities                             |   |                              | 1,000   |                                     |   | 4,500 |   |
| Payment                  of operating expense by a related party |   |                              | 49,798  |                                     |   | 49,798 |   |
|                                                             |   |                              |    |                                     |   |   |   |
| **Net                  Cash (Used In) Operating Activities**     |   |                              | -       |                                     |   | (9,832 | ) |
|                                                             |   |                              |    |                                     |   |   |   |
| **Cash                  Flows From Investing Activities:**       |   |                              | -       |                                     |   | - |   |
|                                                             |   |                              |    |                                     |   |   |   |
| **Cash                  Flows From Financing Activities:**       |   |                              |    |                                     |   |   |   |
| Proceeds                  from sale of common stock              |   |                              | -       |                                     |   | 10,000 |   |
|                                                             |   |                              |    |                                     |   |   |   |
| **Net                  Cash Provided By Financing Activities**   |   |                              | -       |                                     |   | 10,000 |   |
|                                                             |   |                              |    |                                     |   |   |   |
| **Net                  Change in Cash**                          |   |                              | -       |                                     |   | 168 |   |
|                                                             |   |                              |    |                                     |   |   |   |
| **Cash                  at Beginning of Period**                 |   |                              | 168     |                                     |   | - |   |
|                                                             |   |                              |    |                                     |   |   |   |
| **Cash                  at End of Period**                       |   | $                                 | 168     |                                     | $      | 168 |   |

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**SCRAP        CHINA CORPORATION**

**(A        Development Stage Company)**

**NOTES        TO CONDENSED FINANCIAL STATEMENTS**

**DECEMBER        31, 2005**

**(UNAUDITED)**

**NOTE        1-ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES**

**Organization        and Nature of Operations**
***—***

**Basis        of Presentation —**

**Business        Condition**
*** ***

**NOTE        2-PAYABLE TO RELATED PARTY**

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**ITEM        2 - MANAGEMENT’S DISCUSSION AND ANALYSIS OR PLAN OF        OPERATIONS**

**Plan        of Operation**

|  | 1. | General                  Administration for Quality Supervision, Inspection and Quarantine                  -                  AQSIQ |
|--|----|--------------------------------------------------------------------------------------------------------------------------------------|

|  | 2. | Compulsory                  Certificate - CCC |
|--|----|-----------------------------------------------|

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**Off-Balance        Sheet Arrangements**

**ITEM        3 - CONTROLS AND PROCEDURES**

**PART        II - OTHER INFORMATION**

**Item        1: **
**LEGAL        PROCEEDINGS**

**ITEM        2.**
**UNREGISTERED        SALES OF EQUITY SECURITIES AND USE OF PROCEEDS**

**ITEM        3.**
**DEFAULT        UPON SENIOR SECURITIES**

**ITEM        4.**
**SUBMISSION        OF MATTERS TO A VOTE OF SECURITY HOLDERS**

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**ITEM        5.**
**OTHER        INFORMATION**

**ITEM        6.**
**EXHIBITS        AND REPORTS ON FORM 8-K**

**Index        to Exhibits**

**Reports        on Form 8-K**

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**SIGNATURES**

|                               | Scrap                  China Corporation                                                                                                                                                                                                                                                                                                                                                                                  |
|------------------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                               |                                                                                                                                                                                                                                                                                                                                                                                                                      |
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|                               |                                                                                                                                                                                                                                                                                                                                                                                                                      |
| February                  13, 2006 | /s/                  Paul                  Roszel                                                             |
|                               | Paul                  Roszel, President and Chairman of the Board of                                                                                                                                                                                                                                                                                                                                                      |
|                               | Directors                                                                                                                                                                                                                                                                                                                                                                                                                 |
|                               |                                                                                                                                                                                                                                                                                                                                                                                                                      |
|                               |                                                                                                                                                                                                                                                                                                                                                                                                                      |
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|                               |                                                                                                                                                                                                                                                                                                                                                                                                                      |
|                               |                                                                                                                                                                                                                                                                                                                                                                                                                      |
| February                  13, 2006 | /s/                  Richard R                  Ivanovick                                                                                                                                |
|                               | Richard                  R Ivanovick, C.A., Chief Financial and                                                                                                                                                                                                                                                                                                                                                           |
|                               | Accounting                  Officer                                                                                                                                                                                                                                                                                                                                                                                       |

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