**UNITED
      STATES**


**SECURITIES
      AND EXCHANGE COMMISSION**


**Washington,
      D.C. 20549**


_____________




**FORM
      10-QSB**


_____________




(Mark
      One)




x
            **Quarterly
                Report Pursuant to Section 13 or 15(d) of the Securities Exchange
                Act of
                1934.**




**For
      the quarter ended September 30, 2007**




**o**
            **Transition
                Report Pursuant to Section 13 or 15(d) of the Securities Exchange
                Act of
                1934.**




For
      the
      transition period from ________ to __________




Commission
      File Number: 000-30790




**ARTCRAFT
      V, INC.**


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




**Delaware**
            260744863(State
                or other jurisdiction of incorporation or organization)
            (IRS
                Employee Identification No.)




**Baimang
                Checking Station 1st Building South Mountain Xili Town, Shenzhen,
                China**(Address
                of principal executive offices)




**011-775
                27653497**(Issuer’s
                telephone number)




(Former
      name, former address and former fiscal year, if changed since last
      report)




Check
      whether the issuer (1) filed all reports required to be filed by Section 13
      or
      15(d) of the Exchange Act during the past 12 months (or for such shorter period
      that the registrant was required to file such reports), and (2) has been subject
      to such filing requirements for the past 90 days.


Yes x    No
      o






Indicate
      by check mark whether the registrant is a shell company (as defined in Rule
      12b-2 of the Exchange Act).


Yes o   
No
      x







State
      the
      number of shares outstanding of each of the issuer’s classes of common equity,
      as of November 01, 2007: shares of common stock: 10,250,000









Transitional
      Small Business Disclosure
      Format:      Yes o   No x













**Item
        1. Financial
        Statements.**
 
 
 
  
 
 
 **ARTCRAFT
        V, INC. AND SUBSIDIARIES**
 
 
 **CONDENSED
        CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)**
 
 **September
        30, 2007**


**TABLE
        OF CONTENTS**
 
 
 Unaudited
                    Condensed Consolidated Balance Sheet
                2Unaudited
                    Condensed Consolidated Statements of
                    Operations
                3Unaudited
                    Condensed Consolidated Statements of Cash Flow
                4Notes
                    to unaudited Condensed Consolidated Financial
                    Statements
                5


*Page
          1*




**ARTCRAFT
                  V, INC. AND SUBSIDIARIES****CONSOLIDATED
                  BALANCE SHEET****SEPTEMBER
                  30, 2007****(UNAUDITED)****ASSETS****Current
                  Assets**Cash
                  and cash equivalents
              
              $
              59,628Other receivable from related parties
              
              
              267Loans receivable
              
              
              145,126Total
                  Current Assets
              
              
              205,021**Property
                  & equipment, net**
              
              
              16,943**Intangible
                  assets, net**
              
              
              7,102$
              229,066**LIABILITIES
                  AND STOCKHOLDERS' DEFICIT****Current
                  Liabilities**Accounts payable and accrued expenses
              
              $
              52,814Loan payable to related party
              
              
              240,342Deferred
                  revenue
              
              
              5,725Total
                  Current Liabilities
              
              
              298,881Minority
                  Interest
              
              
              27,625**Stockholders'
                  Deficit**Common
                  stock, $.001 par value, 100,000,000shares
                  authorized, 10,250,000 issued and outstanding
              
              
              10,250Additional paid in capital
              
              
              102,550Subscription receivable
              
              
              (50,000
              )Other
                  accumulated comprehensive gain
              
              
              8,161Accumulated deficit
              
              
              (168,402
              )Total
                  Stockholders' Deficit
              
              
              (97,441
              )$
              229,066




The
        accompanying notes are an integral part of these unaudited consolidated
        financial statements.




*Page
          2*




**ARTCRAFT
                    V, INC. AND SUBSIDIARIES****CONSOLIDATED
                    STATEMENTS OF OPERATIONS****(UNAUDITED)****Three
                    Month Periods Ended**
                
                
                **Nine
                    Month Periods Ended****September
                    30, 2007**
                
                
                **September
                    30, 2006**
                
                
                **September
                    30, 2007**
                
                
                **September
                    30, 2006****Revenue,
                    net**
                
                $
                7,248
                
                
                $
                5,198
                
                
                $
                18,812
                
                
                $
                16,420**Operating
                    Expenses:**General
                    and administrative expenses
                
                
                34,962
                
                
                
                16,806
                
                
                
                96,109
                
                
                
                66,543**Loss
                    from operations**
                
                
                (27,714
                )
                
                
                (11,608
                )
                
                
                (77,297
                )
                
                
                (50,123
                )Other
                    (Income) ExpenseInterest
                    income
                
                
                (460
                )
                
                
                (1,097
                )
                
                
                (1,376
                )
                
                
                (3,350
                )Other
                    income
                
                
                -
                
                
                
                50
                
                
                
                -
                
                
                
                (525
                )Interest
                    expense
                
                
                -
                
                
                
                -
                
                
                
                -
                
                
                
                123Total
                    Other Expense
                
                
                (460
                )
                
                
                (1,047
                )
                
                
                (1,376
                )
                
                
                (3,752
                )**Net
                    loss before minority interest**
                
                
                (27,254
                )
                
                
                (10,561
                )
                
                
                (75,921
                )
                
                
                (46,371
                )Minority
                    interest
                
                
                689
                
                
                
                825
                
                
                
                2,989
                
                
                
                2,689**Net
                    loss**
                
                
                (26,565
                )
                
                
                (9,736
                )
                
                
                (72,933
                )
                
                
                (43,682
                )Other
                    comprehensive incomeForeign
                    currency translation
                
                
                1,914
                
                
                
                1,269
                
                
                
                4,580
                
                
                
                2,403**Comprehensive
                    Income**
                
                $
                (24,652
                )
                
                $
                (8,467
                )
                
                $
                (68,353
                )
                
                $
                (41,279
                )**Net
                    loss per share:**Basic
                    & diluted
                
                $
                (0.002
                )
                
                $
                (0.001
                )
                
                $
                (0.007
                )
                
                $
                (0.004
                )**Weighted
                    average number of shares outstanding:**Basic
                    & diluted
                
                
                10,164,286
                
                
                
                10,100,000
                
                
                
                10,121,507
                
                
                
                10,100,000Weighted
                    average number of shares for dilutive securities has not been
                    taken since
                    the effect of dilutive securities is anti-dilutive
   The
        accompanying notes are an integral part of these unaudited consolidated
        financial statements.
   *Page
            3*




**ARTCRAFT
                    V, INC. AND SUBSIDIARIES****CONSOLIDATED
                    STATEMENTS OF CASH FLOWS****FOR
                    THE NINE MONTH PERIODS****ENDED
                    SEPTEMBER 30, 2007 AND 2006****(UNAUDITED)****2007**
                
                
                **2006****CASH
                    FLOWS FROM OPERATING ACTIVITIES**Net Loss
                
                $
                (72,933
                )
                
                $
                (43,682
                )Adjustments
                    to reconcile net loss to net cashused
                    in operating activities:Depreciation & amortization
                
                
                6,578
                
                
                
                6,293Minority interest
                
                
                (2,989
                )
                
                
                (2,689
                )Increase/
                    (decrease) in current liabilities:Accounts
                    payable and accrued expenses
                
                
                18,356
                
                
                
                8,104Deferred revenue
                
                
                (490
                )
                
                
                (208
                )Total
                    Adjustments
                
                
                (37,747
                )
                
                
                11,500**Net
                    cash used in operations**
                
                
                (110,679
                )
                
                
                (32,182
                )**CASH
                    FLOWS FROM FINANCING ACTIVITIES**Loan receivables
                
                
                (57,295
                )
                
                
                (9,836
                )Issuance of shares
                
                
                60,000
                
                
                
                -Loan
                    from related party
                
                
                101,219
                
                
                
                34,924**Net
                    cash provided by  financing activities**
                
                
                163,126
                
                
                
                25,088Effect
                    of exchange rate changes on cash and cash equivalents
                
                
                (568
                )
                
                
                462**Net
                    increase (decrease) in cash and cash equivalents**
                
                
                51,878
                
                
                
                (6,632
                )**Cash
                    and cash equivalents, beginning balance**
                
                
                7,750
                
                
                
                17,619**Cash
                    and cash equivalents, ending balance**
                
                $
                59,628
                
                
                $
                10,987**SUPPLEMENTAL
                    DISCLOSURES:**Cash
                    paid during the year for:Income
                    tax payments
                
                $
                -
                
                
                $
                -Income tax paid
                
                $
                -
                
                
                $
                -Interest payments
                
                $
                -
                
                
                $
                123
   The
        accompanying notes are an integral part of these unaudited consolidated
        financial statements.
   *Page
            4*




**ARTCRAFT
        V, INC. AND SUBSIDIARIES**
 **NOTES
        TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS**
 **(UNAUDITED)**
  **Note
        A - ORGANIZATION**
  Artcraft
        V, Inc. was incorporated under the laws of the State of Delaware on June
        7,
        2004. On November 7, 2005, the Company entered into an Exchange Agreement
        with
        Top Interest International Limited (“Top Interest”). Top Interest owns 70%
        equity interest of Shenzhen Xin Kai Yuen Info Consult Co., Ltd. (“188info.com”)
        which operates 188info.com, a professional information searching platform
        that
        is engaged in the business of providing information search engine, online
        web
        application and image designing, digital network service, online market
        research, online promotion and advertising services, and query searches for
        both
        individuals and businesses. Top Interest was incorporated under the laws
        of the
        British Virgin Islands. 188info.com was legally established under the laws
        of
        the People’s Republic of China. When used in these notes, the terms “Company”,
“we”, “our” or “us” mean Artcraft V, Inc. and its subsidiaries.
  Pursuant
        to the Stock Purchase and Share Exchange Agreement, the Company purchased
        all of
        the issued and outstanding shares of Top Interest from the shareholders for
        issuance of a total of 10,000,000 shares of the Company’s common stock, or
        approximately 99% of the total issued and outstanding shares. This transaction
        closed on November 7, 2005 and has been accounted for as a reverse
        acquisition.
  **Note
        B - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES**
  Unaudited
        Interim Financial Information
 The
        accompanying unaudited consolidated financial statements have been prepared
        by
        Artcraft V, Inc., pursuant to the rules and regulations of the Securities
        and
        Exchange Commission (the “SEC”) Form 10-QSB and Item 310 of Regulation S-B, and
        generally accepted accounting principles for interim financial reporting.
        The
        information furnished herein reflects all adjustments (consisting of normal
        recurring accruals and adjustments) which are, in the opinion of management,
        necessary to fairly present the operating results for the respective periods.
        Certain information and footnote disclosures normally present in annual
        consolidated financial statements prepared in accordance with accounting
        principles generally accepted in the United States of America have been omitted
        pursuant to such rules and regulations. These consolidated financial statements
        should be read in conjunction with the audited consolidated financial statements
        and footnotes included in the Company’s Annual Report on Form 10-KSB. The
        results of the three months and nine months ended September 30, 2007 are
        not
        necessarily indicative of the results to be expected for the full year ending
        December 31, 2007.
  Basis
        of Consolidation
 The
        consolidated financial statements include the accounts of Artcraft V, Inc.
        and
        its wholly owned subsidiary Top Interest International and majority owned
        subsidiary Shenzhen Xin Kai Yuen Info Consult Co., Ltd., collectively referred
        to within as the Company. All material intercompany accounts, transactions
        and
        profits have been eliminated in consolidation.
  Revenue
        Recognition
 The Company’s revenue recognition policies are in compliance with Staff
        accounting bulletin (SAB) 104. Sales revenue is recognized at the date of
        shipment to customers when a formal arrangement exists, the price is fixed
        or
        determinable, the delivery is completed, no other significant obligations
        of the
        Company exist and collectibility is reasonably assured. Payments received
        before
        all of the relevant criteria for revenue recognition are satisfied are recorded
        as unearned revenue. As of September 30, 2007, deferred revenue was
        $5,725.
 
 
 
 
 *Page
            5*
 
  
 **ARTCRAFT
        V, INC. AND SUBSIDIARIES**
 **NOTES
        TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS**
 **(UNAUDITED)**
 
 **Note
        B - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
        (CONTINUED)**
 
 Risks
        and Uncertainties
 The
        Company is subject to substantial risks from, among other things, intense
        competition associated with the industry in general, other risks associated
        with
        financing, liquidity requirements, rapidly changing customer requirements,
        limited operating history, foreign currency exchange rates and the volatility
        of
        public markets.
  Contingencies
 Certain
        conditions may exist as of the date the financial statements are issued,
        which
        may result in a loss to the Company but which will only be resolved when
        one or
        more future events occur or fail to occur. The Company’s management and legal
        counsel assess such contingent liabilities, and such assessment inherently
        involves an exercise of judgment. In assessing loss contingencies related
        to
        legal proceedings that are pending against the Company or unasserted claims
        that
        may result in such proceedings, the Company’s legal counsel evaluates the
        perceived merits of any legal proceedings or unasserted claims as well as
        the
        perceived merits of the amount of relief sought or expected to be
        sought.
  If
        the
        assessment of a contingency indicates that it is probable that a material
        loss
        has been incurred and the amount of the liability can be estimated, then
        the
        estimated liability would be accrued in the Company’s financial statements. If
        the assessment indicates that a potential material loss contingency is not
        probable but is reasonably possible, or is probable but cannot be estimated,
        then the nature of the contingent liability, together with an estimate of
        the
        range of possible loss if determinable and material would be
        disclosed.
  Loss
        contingencies considered to be remote by management are generally not disclosed
        unless they involve guarantees, in which case the guarantee would be
        disclosed.
  Use
        of
        Estimates
 The
        preparation of financial statements in conformity with generally accepted
        accounting principles requires management to make estimates and assumptions
        that
        affect the reported amounts of assets and liabilities and disclosure of
        contingent assets and liabilities at the date of the financial statements
        and
        the reported amounts of revenues and expenses during the reporting period.
        Actual results could differ from those estimates.
  Exchange
        Gain (Loss)
 During
        the three month periods ended September 30, 2007, the transactions of
        188info.com were denominated in foreign currency and were recorded in Chinese
        Yuan Renminbi (CNY) at the rates of exchange in effect when the transactions
        occur. Exchange gains and losses are recognized for the different foreign
        exchange rates applied when the foreign currency assets and liabilities are
        settled.
 
 
 
 
 *Page
            6*
 
 **ARTCRAFT
          V, INC. AND SUBSIDIARIES**
 **NOTES
          TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS**
 **(UNAUDITED)**
 
 **Note
          B - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
          (CONTINUED)**
 
 Translation
          Adjustment
 As
          of
          September 30, 2007, the accounts of 188info.com were maintained, and its
          financial statements were expressed, in Chinese Yuan Renminbi (CNY). Such
          financial statements were translated into U.S. Dollars (USD) in accordance
          with
          Statement of Financial Accounts Standards (“SFAS”) No. 52, “Foreign Currency
          Translation,” with the CNY as the functional currency. According to the
          Statement, all assets and liabilities were translated at the current exchange
          rate, stockholder’s equity are translated at the historical rates and income
          statement items are translated at the average exchange rate for the period.
          The
          resulting translation adjustments are reported under other comprehensive
          income
          in accordance with SFAS No. 130, “Reporting Comprehensive Income” as a component
          of shareholders’ equity.
 
 Concentration
          of Credit Risk
 Financial
          instruments that potentially subject the Company to concentrations of credit
          risk are cash, accounts receivable and other receivables arising from its
          normal
          business activities. The Company places its cash in what it believes to
          be
          credit-worthy financial institutions. The Company has a diversified customer
          base. The Company controls credit risk related to accounts receivable through
          credit approvals, credit limits and monitoring procedures. The
          Company routinely assesses the financial strength of its customers and,
          based upon factors surrounding the credit risk, establishes an allowance,
          if
          required, for uncollectible accounts and, as a consequence, believes that
          its
          accounts receivable credit risk exposure beyond such allowance is
          limited.
 
 Property
          & Equipment
 Property
          and equipment are stated at cost less accumulated depreciation. Expenditures
          for
          major additions and improvements are capitalized, and minor replacements,
          maintenance and repairs are charged to expense as incurred. Depreciation
          is
          provided on the straight-line method over the estimated useful lives of
          the
          assets, or the remaining term of the lease, as follows:
  Furniture
                    and Fixtures
                5
                    yearsEquipment
                5
                    yearsComputer
                    Hardware and Software
                5
                    years
  Advertising
 Advertising expenses consist primarily of costs of promotion for corporate
          image
          and product marketing and costs of direct advertising. The Company expenses
          all
          advertising costs as incurred. The company did not incur any advertising
          expense
          during the nine months ended September 30, 2007 and 2006.
 *Page
            7*
 
 **ARTCRAFT
          V, INC. AND SUBSIDIARIES**
 **NOTES
          TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS**
 **(UNAUDITED)**
 
 **Note
          B - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
          (CONTINUED)**
 
 Basic
          and Diluted Earnings Per Share
 Earnings
          per share are calculated in accordance with the Statement of financial
          accounting standards No. 128 (SFAS No. 128), “Earnings per share”. SFAS No. 128
          superseded Accounting Principles Board Opinion No.15 (APB 15). Net loss
          per
          share for all periods presented has been restated to reflect the adoption
          of
          SFAS No. 128. Basic net loss per share is based upon the weighted average
          number
          of common shares outstanding. Diluted net loss per share is based on the
          assumption that all dilutive convertible shares and stock options were
          converted
          or exercised. Dilution is computed by applying the treasury stock method.
          Under
          this method, options and warrants are assumed to be exercised at the beginning
          of the period (or at the time of issuance, if later), and as if funds obtained
          thereby were used to purchase common stock at the average market price
          during
          the period. Basic and diluted loss per share were $0.007 and $0.004 for
          the nine
          months ended September 30, 2007 and 2006 respectively.
 
 Recent
          accounting pronouncements
 
 In
          September 2006, FASB issued SFAS 157 ‘Fair Value Measurements’. This Statement
          defines fair value, establishes a framework for measuring fair value in
          generally accepted accounting principles (GAAP), and expands disclosures
          about
          fair value measurements. This Statement applies under other accounting
          pronouncements that require or permit fair value measurements, the Board
          having
          previously concluded in those accounting pronouncements that fair value
          is the
          relevant measurement attribute. Accordingly, this Statement does not require
          any
          new fair value measurements. However, for some entities, the application
          of this
          Statement will change current practice. This Statement is effective for
          financial statements issued for fiscal years beginning after November 15,
          2007,
          and interim periods within those fiscal years. The management is currently
          evaluating the effect of this pronouncement on financial
          statements.
 
  In
          September 2006, FASB issued SFAS 158 ‘Employers’ Accounting for Defined Benefit
          Pension and Other Postretirement Plans—an amendment of FASB Statements No. 87,
          88, 106, and 132(R)’ This Statement improves financial reporting by requiring an
          employer to recognize the over funded or under funded status of a defined
          benefit postretirement plan (other than a multiemployer plan) as an asset
          or
          liability in its statement of financial position and to recognize changes
          in
          that funded status in the year in which the changes occur through comprehensive
          income of a business entity or changes in unrestricted net assets of a
          not-for-profit organization. This Statement also improves financial reporting
          by
          requiring an employer to measure the funded status of a plan as of the
          date of
          its year-end statement of financial position, with limited exceptions.
          An
          employer with publicly traded equity securities is required to initially
          recognize the funded status of a defined benefit postretirement plan and
          to
          provide the required disclosures as of the end of the fiscal year ending
          after
          December 15, 2006. An employer without publicly traded equity securities
          is
          required to recognize the funded status of a defined benefit postretirement
          plan
          and to provide the required disclosures as of the end of the fiscal year
          ending
          after June 15, 2007. However, an employer without publicly traded equity
          securities is required to disclose the following information in the notes
          to
          financial statements for a fiscal year ending after December 15, 2006,
          but
          before June 16, 2007, unless it has applied the recognition provisions
          of this
          Statement in preparing those financial statements:
    *Page
              8*
  **ARTCRAFT
          V, INC. AND SUBSIDIARIES**
 **NOTES
          TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS**
 **(UNAUDITED)**
 
 **Note
          B - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
          (CONTINUED)**
  a.  A
          brief description of the provisions of this Statement
 b.  The
          date that adoption is required
 c.  The
          date the employer plans to adopt the recognition provisions of this Statement,
          if earlier.
  The
          requirement to measure plan assets and benefit obligations as of the date
          of the
          employer’s fiscal year-end statement of financial position is effective for
          fiscal years ending after December 15, 2008. The management is currently
          evaluating the effect of this pronouncement on financial
          statements.
  
 In
          February 2007, FASB issued FASB Statement No. 159, The Fair Value Option
          for
          Financial Assets and Financial Liabilities. FAS 159 is effective for fiscal
          years beginning after November 15, 2007. Early adoption is permitted subject
          to
          specific requirements outlined in the new Statement. Therefore, calendar-year
          companies may be able to adopt FAS 159 for their first quarter 2007 financial
          statements.
 
 The
          new
          Statement allows entities to choose, at specified election dates, to measure
          eligible financial assets and liabilities at fair value that are not otherwise
          required to be measured at fair value. If a company elects the fair value
          option
          for an eligible item, changes in that item's fair value in subsequent reporting
          periods must be recognized in current earnings. FAS 159 also establishes
          presentation and disclosure requirements designed to draw comparison between
          entities that elect different measurement attributes for similar assets
          and
          liabilities.
 
 **Note
          C - LOANSRECEIVABLE**
  As
          of
          September 30, 2007, the Company has advanced loans to an ex-shareholder.
          The
          loan receivable of $60,453 is unsecured, non interest-bearing and due on
          demand.
          The loan receivable of $84,673 is due on demand and interest bearing. Interest
          receivable of $4,633 has been accrued as of September 30, 2007 on the loan
          at
          the prevailing bank deposit interest rate of 2.25% per China Renmin
          Bank.
  **Note
          D - RELATED PARTY TRANSACTIONS**
  Throughout
          the history of the Company, certain members of the Board of Directors and
          general management have made loans to the Company to cover operating expenses
          or
          operating deficiencies.
  As of September 30, 2007, total loan payable to related parties were $240,342
          including a non interest-bearing, unsecured and due on demand note payable
          to an
          officer of Top Interest in the amount of $84,000 and a non
          interest-bearing, unsecured and due on demand note payable to a shareholders
          of
          Artcraft V Inc. in the amount of $156,342.
 
 As of September 30, 2007, the Company advanced $267 to Mr Lian, CEO of
          Shenzhen Xin Kai Yuen Info Consult Co Ltdas petty cash.
 
 
 
 *Page
              9*
 
  
  **ARTCRAFT
          V, INC. AND SUBSIDIARIES**
 **NOTES
          TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS**
 **(UNAUDITED)**
 
 **Note
          E -  PROPERTY & EQUIPMENT**
  Property
          & equipment consist of the following at September 30, 2007:
  September
                    30, 2007Automobile
                
                $
                11,633Office
                    equipment
                
                $
                20,233$
                31,866Accumulated
                    depreciation
                
                $
                (14,923
                )$
                16,943
 
 
 Depreciation
          and amortization expenses were $6,578 and $6,293 for the nine month periods
          ended September 30, 2007 and 2006, respectively. Depreciation and amortization
          expenses were $2,224 and $2,110 for the three month periods ended September
          30,
          2007 and 2006, respectively.
 
 **Note
          F -  INTANGIBLE ASSETS**
  Intangible
          assets consist of the following at September 30, 2007:
   September
                    30,
                  2007Software
                
                $
                12,91312,913Accumulated
                    amortization
                
                
                (5,811
                )$
                7,102
  Amortization
          expense for the Company’s intangible assets over the next three fiscal
          years is estimated to be: 2008-$2,582, 2009-$2,582, 2010-$1,938.
 
 
 **Note
          G - COMMON STOCK**
  On
          May
          17, 2005, the Company agreed to issue 150,000 shares of common stock to
          individuals for $60,000 ($0.40 per share). The shares were issued in August
          2007, and the cash was received in July 2007.
 *Page
            10*




**ARTCRAFT
        V, INC. AND SUBSIDIARIES**
 **NOTES
        TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS**
 **(UNAUDITED)**
 
 **Note
        H - INCOME TAXES**
 The
        Company through its subsidiary, 188info.com, is governed by the Income Tax
        Laws
        of the PRC. Operations in the United States of America have incurred net
        accumulated operating losses for income tax purposes. The Company believes
        that
        it is more likely than not that these net accumulated operating losses will
        not
        be utilized in the future and hence the Company has not recorded any deferred
        assets as of September 30, 2007.
 
 Pursuant
        to the PRC Income Tax Laws, the Enterprise Income Tax (“EIT”) is at a statutory
        rate of 33%, which is comprises of 30% national income tax and 3% local income
        tax. 188info.com qualified as a new technology enterprise and under PRC Income
        Tax Laws, they are subject to a preferential tax rate of 15%.
  Income
        tax provision for the nine months ended September 30, 2007:
  September
                  30, 2007Provision
                  for PRC Income and local taxes
              
              $
              0U.S
                  Statutory rates
              
              
              34
              %Foreign
                  income not recognized in USA
              
              
              (34
              %)PRC
                  income tax applied
              
              
              15
              %Valuation
                  allowance
              
              
              (15
              %)Effective
                  rate
              
              
              0
              %
 
 
 **Note
        I -   STATUTORY COMMON WELFARE FUND**
  In
        accordance with the laws and regulations of the PRC, after the payment of
        the
        PRC income taxes shall be allocated to the statutory surplus reserves and
        statutory public welfare fund for staff and workers. The proportion of
        allocation for reserve is 5 to 10 percent of the profit after tax until the
        accumulated amount of allocation for statutory reserve reaches 50 percent
        of the
        registered capital. Statutory surplus reserves are to be utilized to offset
        prior years’ losses, or to increase its share capital.
  General
        reserve fund and statutory surplus fund are restricted for set off against
        losses, expansion of production and operation or increase in register capital
        of
        the respective company. Statutory public welfare fund is restricted to the
        capital expenditures for the collective welfare of employees. These reserves
        are
        not transferable to the Company in the form of cash dividends, loans or
        advances. These reserves are therefore not available for distribution except
        in
        liquidation. As of September 30, 2007, the Company had no reserves to these
        non-distributable reserve funds since it had no income from
        operations.
 
  *Page
            11*
 
 **ARTCRAFT
        V, INC. AND SUBSIDIARIES**
 **NOTES
        TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS**
 **(UNAUDITED)**
 
 **Note
        J -  OTHER COMPREHENSIVE INCOME**
  Balances
        of related after-tax components comprising accumulated other comprehensive
        income (loss), included in stockholders’ equity, at September 30, 2007 are as
        follows:
  *Foreign
                  Currency Translation Adjustment*Balance
                  at December 31, 2006
              
              $
              3,581Change
                  for 2007
              
              $
              4,575Balance
                  at September 30, 2007
              
              $
              8,156
 
 **Note
        K - GOING CONCERN**
 
 The accompanying consolidated financial statements have been prepared in
        conformity with generally accepted accounting principles which contemplate
        continuation of the company as a going concern. However, the Company has
        an
        accumulated deficit of $168,402 as of September 30, 2007 including losses
        of
        $72,933 and $43,682 for the nine months ended September 30, 2007 and 2006.
        The
        Company’s total liabilities exceed its total assets by $69,815. 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 following 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. Management devoted considerable effort
        from inception through the nine months ended September 30, 2007, towards
        obtaining additional equity and management of accrued expenses and accounts
        payable.
 
 Management believes that actions presently being taken to obtain additional
        funding and implement its strategic plans provide the opportunity for the
        Company to continue as a going concern.
 
  *Page
            12*
 
 
 **Item
        2. Management's
        Discussion and Analysis or Plan of Operation.**
 
 
 **RESULTS
        OF OPERATIONS FOR THE THREE MONTHS AND SIX MONTHS ENDED SEPTEMBER 30, 2007
        AND
        2006**
 
 The
        following table presents certain consolidated statement of operations
        information for the three months ended September 30, 2007 and 2006. The
        discussion following the table is based on these results. Certain columns
        may
        not add due to rounding.
  
 **2007**
                
                
                **2006**Revenue,
                    net
                
                $
                7,248
                
                
                $
                5,198General
                    and administrative expenses
                
                
                34,962
                
                
                
                16,806**Income
                    from operations**
                
                
                (27,714
                )
                
                
                (11,608
                )Other
                    (Income) ExpenseInterest
                    income
                
                
                (460
                )
                
                
                (1,097
                )Other
                    income
                
                
                -
                
                
                
                50Minority
                    interest
                
                
                (689
                )
                
                
                (825
                )Interest
                    expense
                
                
                -
                
                
                
                -Total
                    Other (Income) Expense
                
                
                (1,149
                )
                
                
                (1,872
                )**Net
                    loss**
                
                $
                (26,565
                )
                
                $
                (9,736
                )
  **Net
          Revenue**
  Net
          sales
          for the three months ended September 30, 2007 totaled $7,248 compared to
          $5,198
          for the three months ended September 30, 2006, an increase of $2,050 or
          approximately 39.4%. The increase was due to the increase in the number of
          new clients.
 
  **Operating
          Expense**
  General
          and administrative expenses for the three months ended September 30, 2007
          totaled $34,962 or approximately 482.4% of net revenue compared to $16,806
          or
          approximately 323.3% of net revenue for the three months ended September
          30,
          2006.  The increase in operating expense of $18,156 or approximately
          108% was due to increased expenses incurred for the expansion of the
          business.
 
  **Income
          (Loss) from Operations**
  Income
          (loss) from operations for the three months ended September 30, 2007 totaled
          $(27,714) or approximately 382.4% of net revenue compared to $(11,608)
          or
          approximately 223.3% of net revenue for the three months ended September
          30,
          2006, a decrease of $16,106 or approximately 138.7%. The decrease in income
          from operations was primarily due to increase in expenses as stated
          above.
 
  **Net
          Income (Loss)**
  Net
          income (loss) for the three months ended September 30, 2007 totaled $(26,565)
          compared to $(9,736) for the three months ended September 30, 2006, a decrease
          of $16,829 or approximately 172%. The decrease in net loss was primarily due
          to reason described above.
 
 
 **RESULTS
          OF OPERATIONS FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2007 AND
          2006**
  The
          following table presents certain consolidated statement of operations
          information for the nine months ended September 30, 2007 and 2006. The
          discussion following the table is based on these results. Certain columns
          may
          not add due to rounding.
 
  
   **2007**
                  
                  
                  **2006**Revenue,
                      net
                  
                  $
                  18,812
                  
                  
                  $
                  16,420General
                      and administrative expenses
                  
                  
                  96,109
                  
                  
                  
                  66,543**Income
                      from operations**
                  
                  
                  (77,297
                  )
                  
                  
                  (50,123
                  )Other
                      (Income) ExpenseInterest
                      income
                  
                  
                  (1,376
                  )
                  
                  
                  (3,350
                  )Other
                      income
                  
                  
                  -
                  
                  
                  
                  (525
                  )Minority
                      interest
                  
                  
                  (2,989
                  )
                  
                  
                  (2,689
                  )Interest
                      expense
                  
                  
                  -
                  
                  
                  
                  123Total
                      Other (Income) Expense
                  
                  
                  (4,365
                  )
                  
                  
                  (6,441
                  )**Net
                      loss**
                  
                  $
                  (72,932
                  )
                  
                  $
                  (43,682
                  )
   **Net
          Revenue**
  Net
          sales
          for the nine months ended September 30, 2007 totaled $18,812 compared to
          $16,420
          for the nine months ended September 30, 2006, an increase of $2,392, or
          approximately 14.6%. The increase was due to the increase in the number of
          new clients.
 
  **Operating
          Expense**
  General
          and administrative expenses for the nine months ended September 30, 2007
          totaled
          $96,109 or approximately 511% of net revenue compared to $66,543 or
          approximately 405.3% of net revenue for the nine months ended September
          30,
          2006.  The increase in operating expense of $29,566 or approximately
          44.4% was due to increased expenses incurred for the expansion of the
          business.
 
  **Income
          (Loss) from Operations**
  Income
          (loss) from operations for the nine months ended September 30, 2007 totaled
          $(77,297) or approximately 411% of net revenue compared to $(50,123) or
          approximately 305.3% of net revenue for the nine months ended September
          30,
          2006, a decrease of $27,174 or approximately 54.2%. The decrease in income
          from operations was primarily due to increase in expenses as stated
          above.
 
  **Net
          Income (Loss)**
  Net
          income (loss) for the nine months ended September 30, 2007 totaled $(72,933)
          compared to $(43,682) for the nine months ended September 30, 2006, a decrease
          of $29,251 or approximately 67%. The decrease in net loss was primarily due
          to reason described above.
 
 **LIQUIDTY
          AND CAPITAL RESOURCES**
  Cash
          has
          historically been generated from operations. Operations and liquidity needs
          are
          funded primarily through cash flows from operations and short-term borrowings.
          Cash and cash equivalents were $59,628 at September 30, 2007 and current
          assets
          totaled $205,020 at September 30, 2007. The Company's total current liabilities
          were $298,881 at September 30, 2007. Working capital at September 30, 2007
          was
          $(93,861). During the nine months ended September 30, 2007, net cash used
          in
          operating activities was $(108,773).
  We
          will
          continue to evaluate alternative sources of capital to meet our growth
          requirements, including other asset or debt financing, issuing equity securities
          and entering into other financing arrangements. There can be no assurance,
          however, that any of the contemplated financing arrangements described
          herein
          will be available and, if available, can be obtained on terms favorable
          to
          us.
  Our
          operations and short term financing does not currently meet our cash
          needs.  We believe we will be able to generate revenues from sales and
          raise capital through private placement offerings of its equity securities
          to
          provide the necessary cash flow to meet anticipated working capital
          requirements.  Our actual working capital needs for the long and short
          term will depend upon numerous factors, including our operating results,
          competition, and the availability of credit facilities, none of which can
          be
          predicted with certainty.
    
    Our
          future expansion will depend on operating results and will be limited by
          its
          ability to enter into financings and raise capital.
  **Working
          Capital Requirements**
  Historically
          operations and short term financing have been sufficient to meet our cash
          needs.
          We believe that we will be able to generate revenues from sales and raise
          capital through private placement offerings of its equity securities to
          provide
          the necessary cash flow to meet anticipated working capital requirements.
          However, our actual working capital needs for the long and short term will
          depend upon numerous factors, including operating results, competition,
          and the
          availability of credit facilities, none of which can be predicted with
          certainty. Future expansion will be limited by the availability of financing
          products and raising capital.
  
 **OFF-BALANCE
          SHEET ARRANGEMENTS**
  We
          have
          never entered into any off-balance sheet financing arrangements and have
          never
          established any special purpose entities. We have not guaranteed any debt
          or
          commitments of other entities or entered into any options on non-financial
          assets.
 
 **Recent
          Accounting Pronouncements**
 
 In
          September 2006, FASB issued SFAS 157 ‘Fair Value Measurements’. This Statement
          defines fair value, establishes a framework for measuring fair value in
          generally accepted accounting principles (GAAP), and expands disclosures
          about
          fair value measurements. This Statement applies under other accounting
          pronouncements that require or permit fair value measurements, the Board
          having
          previously concluded in those accounting pronouncements that fair value
          is the
          relevant measurement attribute. Accordingly, this Statement does not require
          any
          new fair value measurements. However, for some entities, the application
          of this
          Statement will change current practice. This Statement is effective for
          financial statements issued for fiscal years beginning after November 15,
          2007,
          and interim periods within those fiscal years. The management is currently
          evaluating the effect of this pronouncement on financial
          statements.
 
 In
          September 2006, FASB issued SFAS 158 ‘Employers’ Accounting for Defined Benefit
          Pension and Other Postretirement Plans—an amendment of FASB Statements No. 87,
          88, 106, and 132(R)’ This Statement improves financial reporting by requiring an
          employer to recognize the over funded or under funded status of a defined
          benefit postretirement plan (other than a multiemployer plan) as an asset
          or
          liability in its statement of financial position and to recognize changes
          in
          that funded status in the year in which the changes occur through comprehensive
          income of a business entity or changes in unrestricted net assets of a
          not-for-profit organization. This Statement also improves financial reporting
          by
          requiring an employer to measure the funded status of a plan as of the
          date of
          its year-end statement of financial position, with limited exceptions.
          An
          employer with publicly traded equity securities is required to initially
          recognize the funded status of a defined benefit postretirement plan and
          to
          provide the required disclosures as of the end of the fiscal year ending
          after
          December 15, 2006. An employer without publicly traded equity securities
          is
          required to recognize the funded status of a defined benefit postretirement
          plan
          and to provide the required disclosures as of the end of the fiscal year
          ending
          after June 15, 2007. However, an employer without publicly traded equity
          securities is required to disclose the following information in the notes
          to
          financial statements for a fiscal year ending after December 15, 2006,
          but
          before June 16, 2007, unless it has applied the recognition provisions
          of this
          Statement in preparing those financial statements:
  a. A
          brief
          description of the provisions of this Statement
 b. The
          date that
          adoption is required
 c. The
          date the
          employer plans to adopt the recognition provisions of this Statement, if
          earlier.
  The
          requirement to measure plan assets and benefit obligations as of the date
          of the
          employer’s fiscal year-end statement of financial position is effective for
          fiscal years ending after December 15, 2008. The management is currently
          evaluating the effect of this pronouncement on financial
          statements.
  In
          February 2007, FASB issued FASB Statement No. 159, The Fair Value Option
          for
          Financial Assets and Financial Liabilities. FAS 159 is effective for fiscal
          years beginning after November 15, 2007. Early adoption is permitted subject
          to
          specific requirements outlined in the new Statement. Therefore, calendar-year
          companies may be able to adopt FAS 159 for their first quarter 2007 financial
          statements.
 
 The
          new
          Statement allows entities to choose, at specified election dates, to measure
          eligible financial assets and liabilities at fair value that are not otherwise
          required to be measured at fair value. If a company elects the fair value
          option
          for an eligible item, changes in that item's fair value in subsequent reporting
          periods must be recognized in current earnings. FAS 159 also establishes
          presentation and disclosure requirements designed to draw comparison between
          entities that elect different measurement attributes for similar assets
          and
          liabilities.
   
 
 **Critical
          Accounting Policies**
  Artcraft
          V, Inc.’s financial statements and related public financial information are
          based on the application of accounting principles generally accepted in
          the
          United States (“GAAP”). GAAP requires the use of estimates; assumptions,
          judgments and subjective interpretations of accounting principles that
          have an
          impact on the assets, liabilities, revenue and expense amounts reported.
          These
          estimates can also affect supplemental information contained in our external
          disclosures including information regarding contingencies, risk and financial
          condition. We believe our use if estimates and underlying accounting assumptions
          adhere to GAAP and are consistently and conservatively applied. We base
          our
          estimates on historical experience and on various other assumptions that
          we
          believe to be reasonable under the circumstances. Actual results may differ
          materially from these estimates under different assumptions or conditions.
          We
          continue to monitor significant estimates made during the preparation of
          our
          financial statements.
  Our
          significant accounting policies are summarized in Note 1 of our financial
          statements. While all these significant accounting policies impact its
          financial
          condition and results of operations, Artcraft V. views certain of these
          policies
          as critical. Policies determined to be critical are those policies that
          have the
          most significant impact on Artcraft V, Inc.’s consolidated financial statements
          and require management to use a greater degree of judgment and estimates.
          Actual
          results may differ from those estimates. Our management believes that given
          current facts and circumstances, it is unlikely that applying any other
          reasonable judgments or estimate methodologies would cause effect on our
          consolidated results of operations, financial position or liquidity for
          the
          periods presented in this report.
  **Item
          3. Control and
          Procedures**
 
 Under
          the
          supervision and with the participation of our management, including our
          principal executive officer and principal financial officer, we conducted
          an
          evaluation of our disclosure controls and procedures, as such term is defined
          under Rule 13a-15(e) and Rule 15d-15(e) promulgated under the Securities
          Exchange Act of 1934, as amended (Exchange Act), as of September 30,
          2007.  Based on this evaluation, our principal executive officer and
          principal financial officer have concluded that our disclosure controls
          and
          procedures are effective to ensure that information required to be disclosed
          by
          us in the reports we file or submit under the Exchange Act is recorded,
          processed, summarized, and reported within the time periods specified in
          the
          Securities and Exchange Commission’s rules and forms and that our disclosure and
          controls are designed to ensure that information required to be disclosed
          by us
          in the reports that we file or submit under the Exchange Act is accumulated
          and
          communicated to our management, including our principal executive officer
          and
          principal financial officer, or persons performing similar functions, as
          appropriate to allow timely decisions regarding required
          disclosure.
 
 There
          were no changes (including corrective actions with regard to significant
          deficiencies or material weaknesses) in our internal controls over financial
          reporting that occurred during the third quarter of fiscal 2007 that has
          materially affected, or is reasonably likely to materially affect, our
          internal
          control over financial reporting.
   
  
 **PART
          II - OTHER INFORMATION**
  **Item
          1. Legal
          Proceedings.**
  We
          are
          currently not a party to any pending legal proceedings and, to the best
          of our
          knowledge, no such action against us has been threatened.
 
 **Item
          2. Unregistered Sales
          of
          Equity Securities and Use of Proceeds.**
  None.
 
 **Item
          3. Defaults Upon Senior
          Securities.**
 
 None.
 
 **Item
          4. Submission of Matters
          to a Vote of Security Holders.**
  No
          matter
          was submitted during the quarter ending September 30, 2007, covered by
          this
          report to a vote of the Company’s shareholders, through the solicitation of
          proxies or otherwise.
 
 **Item
          5.****Other
          Information.**
 
 None.
 
 **Item
          6.****Exhibits
          and Reports of Form 8-K.**
  **(a)****Exhibits**
 
 31.1
          Certification pursuant to Section 302 of Sarbanes Oxley Act of
          2002
 32.1
          Certification pursuant to Section 906 of Sarbanes Oxley Act of 2002
  **(b)****Reports
          of Form 8-K**
 
 None.
 
  **SIGNATURES**
  In
          accordance with Section 13 or 15(d) of the Exchange Act, the registrant
          caused
          this report to be signed on its behalf by the undersigned, there unto duly
          authorized.
  **ARTCRAFT
                    V, INC.**
  By:*/s/
                    Li Te
                    Xiao*Li
                    Te XiaoPresident,
                    Chief Executive Officer,Chief
                    Financial Officer and Director
   Date:
          November 6, 2007