UNITED
STATES


SECURITIES
AND EXCHANGE COMMISSION


WASHINGTON,
D.C. 20549





FORM
10-K





(Mark
One)





( X
      )
            ANNUAL
      REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF
      1934.





FOR THE
FISCAL YEAR ENDED JUNE 30, 2009





(   )
            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 0-12792





CHINA
SWINE GENETICS, INC.


(Exact
Name of Registrant as Specified in Its Charter)





DELAWARE
            84-0916585(State
      or other jurisdiction of
            (I.R.S.
      Employerincorporation
      or organization)
            Identification
      No.)





1077
Ala Napunani Street, Honolulu, HI  96818


(Address
of principal executive offices)








808-429-5954


(Issuer's
telephone number)





Securities
Registered Pursuant to Section 12(b) of the Exchange Act: NONE





Securities
Registered Pursuant to Section 12(g) of the Exchange Act:





COMMON STOCK, $0.001 PAR
VALUE


(Title of
Class)





Indicate
by check mark if the registrant is a well-known seasoned issuer, as defined in
Rule 406 of the Securities Act.    Yes __ No √





Indicate
by check mark if the registrant is not required to file reports pursuant to
Section 13 or Section 15(d) of the Act.    Yes __ No √











Indicate
by check mark whether the registrant (1) has filed all reports required to be
filed by Sections 13 or 15(d) of the Securities Exchange Act of 1934 during the
preceding 12 months (or for such shorter period that the registrant was required
to file such reports), and (2) has been subject to such filing requirements for
the past 90 days. Yes  √   No
__





Indicate
by check mark if disclosure of delinquent filers pursuant to Item 405 of
Regulation S-K (§ 229.405) is not contained herein, and will not be
contained,  to the best of
registrant's  knowledge,  in definitive proxy or
information  statements incorporated  by
reference  in Part III of this Form 10-K or any  amendment
to this Form 10-K. [ ]





Indicate
by check mark whether the registrant is a large accelerated filer, an
accelerated filer, a non-accelerated filer, or a smaller reporting
company.  See the definitions of “large accelerated filer,”
“accelerated filer” and “smaller reporting company” in Rule 12b-2 of the
Exchange Act. (Check One)




Large
accelerated filerAccelerated filerNon-accelerated filerSmall reporting company X





Indicate
by check mark whether the registrant is a shell company (as defined in Rule
12b-2 of the Exchange Act). Yes __ No √





As of
December 31, 2008 the aggregate market value of the common stock held by
non-affiliates was approximately $138,376, based upon the closing sale price on
December 31, 2008 of $.38 per share.





As of
October 13, 2009, there were 41,423 shares of common stock
outstanding.





Documents
incorporated by reference: NONE











PART
I





FORWARD-LOOKING
STATEMENTS: NO ASSURANCES INTENDED





In
addition to historical information, this Annual Report contains forward-looking
statements, which are generally identifiable by use of the words “believes,”
“expects,” “intends,” “anticipates,” “plans to,” “estimates,” “projects,” or
similar expressions. These forward-looking statements represent Management’s
belief as to the future of China Swine Genetics, Inc.  Whether those
beliefs become reality will depend on many factors that are not under
Management’s control.  Many risks and uncertainties exist that could
cause actual results to differ materially from those reflected in these
forward-looking statements. Factors that might cause such a difference include,
but are not limited to, those discussed in the section entitled “Risk Factors.”
Readers are cautioned not to place undue reliance on these forward-looking
statements. We undertake no obligation to revise or publicly release the results
of any revision to these forward-looking statements.




ITEM
1.                BUSINESS





Corporate
Structure




We are a holding
company.  Our business operations are conducted in the People’s
Republic of China (“PRC”) by two subsidiaries:





SenYu:
            Heilongjiang
      SenYu Animal Husbandry Co., Ltd., a corporation organized in the
      PRC.  We own 100% of the equity in
  SenYu.





Sino-Canadian
      JV:
            Sino-Canadian
      Senyu-Polar Swine Genetics Company Limited, a joint venture company
      organized in the PRC. We own 60% of the equity in Sino Canadian
      JV.





SenYu and Sino-Canadian JV engage in
the business of breeding and raising hogs and piglets, then distributing them to
slaughter facilities and pork distributors in the PRC. Our objective is to
establish ourselves as a leading producer and distributor of commercial hogs and
piglets in the PRC.





SenYu





Heilongjiang
SenYu Animal Husbandry Co., Ltd. (“SenYu”) was founded in September 2004 under
the laws of the PRC with registered capital of 80 million RMB (US$11.7
million).  SenYu has been registered with the government of China as a
wholly foreign owned enterprise since early 2008, when Advanced Swine Genetics,
Inc., a Nevada corporation, acquired ownership of SenYu’s registered
capital.   China Swine Genetics, Inc. acquired ownership of
Advanced Swine Genetics, Inc. in August 2009.  SenYu’s executive
offices and manufacturing facility are located at 78-2 Song Lin Street,
Xiangyang District, Jiamusi City, Heilongjiang Province, in northeastern
China.





1





SenYu
engages in the business of breeding and raising commercial hogs and piglets,
then distributing them to slaughter facilities and pork distributors in the
PRC.  Since commencing operations near the end of 2004, Senyu has
developed into one of the largest providers of breeding swine and commercial
hogs in Heilongjiang Province. As a result of SenYu's
dedication to the use of leading-edge technology, the Livestock Bureau of
Heilongjiang Province designated SenYu's Jiamusi City facility as the Breeding
Swine Research Center for Heilongjiang Province.





SenYu has
quickly moved to a leading position in its industry by integrating in its
operations the complete pork supply chain - up to the door of the slaughter
house.  SenYu leverages its financial resources to control the
production of hogs on myriad farms while allocating the risks of hog production
among several affiliates and its farmer franchisees.  Specifically,
SenYu controls each phase of pre-slaughter pork production in this
manner:





·
            SenYu
      breeds and raises high quality breeding sows on its own
      facilities.


·
            SenYu
      sells the sows at cost to a network of farmer
  franchisees.


·
            Under
      the direction of an affiliate of SenYu, the farmer franchisees breed the
      sows’ piglets and raise the piglets until they are marketable as
      hogs.


·
            Through
      a second affiliate, SenYu indirectly finances the farmers’ operations by
      providing fodder on credit, as well as the equipment and techniques for
      artificial insemination.


·
            When
      the piglets mature, SenYu purchases them at a pre-determined price, if
      they meet SenYu’s quality control
standards.


·
            SenYu
      then distributes the mature hogs to slaughter facilities, pork
      distributors, and other customers throughout the
  PRC.





Our
business began in December 2004, when we imported 400 GGP breeding swine from
Dutch Topigs International Breeding Company.  We initially developed
our “Topigs Project” in a land area of 51,000 square meters in Jiamusi City,
Heilongjiang Province. Dutch Topigs provided us not only the GGP breeding swine,
but also full technological support, thus enabling us to initiate operations at
the same technological level customary to Europe and North
America.   Dutch Topigs’ technological support covered all
aspects of a modern pig farm, including the production design of the farm, barn
standardization, facility modernization, digital management and
zoology.  Through this vehicle we established our nucleus herd with
the most advanced process flow available at that time. After three years of
purebred selection, we successfully bred our own “Senyu Series” swine. “Senyu
Series” swine products currently include a grandparent herd, a parent herd and
our full commercial herd.





Currently
our company has three pig breeding farms with an annual output of 50,000
breeding pigs.  To supplement the supply of hogs from our franchisee
farmers, we also operate ten pig production bases, with an annual output of
280,000 commercial hogs. Facing the rigorous challenge of the current market, we
continuously explore new technologies and develop our management model. As a
result, SenYu has achieved high repute in its industry.  Our company
has passed the audit of National ISO9001 Quality Control System, and achieved a
series of honorary titles such as “Production Area of Pollution-free
Agricultural Product,” “Key Dragon-head Enterprise of Agriculture
Industrialization in Jiamusi City,” “Heilongjiang Provincial Private Science and
Technology Enterprise,” “Heilongjiang Provincial Top 100 Enterprise,” “Advanced
Unit of Project Construction” and “Three-Star Enterprise of Food Security and
Good Faith in Jiamusi City.”





2





Sino-Canadian
JV





In 2006,
to expand our breeding swine business, we formed a joint venture with Polar
Genetics, Inc., a Canadian company that focuses on supplying superior quality
Canadian breeding swine, semen and artificial insemination equipment, supplies
and technology to swine producers. The joint venture was formally organized in
the PRC under the name "Sino-Canadian Senyu-Polar
Swine Genetics Company Limited” (“Sino-Canadian
JV”).  Sino-Canadian was organized with registered capital of 16.7
million RMB.  SenYu contributed 10 million RMB (US$1.46 million) in
cash in exchange for 60% of the equity.  Polar Genetics agreed to
contribute 600 Canadian Elite GGP Purebred Breeding Pigs, valued at 6.7 million
RMB, in exchange for the remaining 40%.The joint venture’s
mission is to supply swine producers with products and services that will
improve their long-term production capabilities, efficiencies and financial
returns.





Sino-Canadian
J.V. is located in Heijinhe Township, Tangyuan County, Jiamusi City,
Heilongjiang Province.  Its facility includes a land area of 300,000
square meters and farm construction area of 15,000 square meters. The research
and development function of Sino-Canadian J.V. is dedicated to the improvement
of our breeding technology goal, in order to quicken the pace of genetic
improvement in our herds. Besides supplying us with superior Canadian breeding
stock, Polar Genetics Inc. also provided advanced swine artificial insemination
(A.I.) technology, facilities, and A.I. boar semen.  On October 12,
2007, the company imported 628 Canadian elite purebred breeding pigs, including
Duroc, Landrace, Yorkshire and Lacombe breeds selected by Polar Genetics Inc.
The breeding and selection program of the Sino-Canadian JV pig breeding centre
is supported by swine experts from Polar Genetics Inc., using the most advanced
technology of breeding and selection under the guidance of the Canadian Centre
for Swine Improvement (CCSI). All breeding and selection data on evaluation will
be managed by CCSI through its E-Farm software.




The business model for Sino-Canadian JV
is the same as that implemented by Senyu. On February 15, 2009, Sino-Canadian JV
entered into the Breeding Swine Sales Contract with Golden Lotus, as discussed
below, to sell the Canadian-line breeding swine to SenYu’s franchisee farmers.
In March, 2008, Sino-Canadian JV entered into a Fodder Purchase Contract with
WangDa, also as discussed below.  The dual programs of SenYu and
Sino-Canadian J.V., aimed at optimization of the Dutch and the Canadian breeding
stock, give us multiple opportunities to achieve the highest quality swine
available in China.  Specifically, the hogs produced from our breeding
swine typically have the following advantages over hogs common to
China:




·
            Higher
      rate of survival of diseases;


·
            Higher
      pregnancy rate and birth rate, and a higher number of weaned
      piglets;


·
            Higher
      adaptability to the weather and circumstances of northern China, where our
      base and farmers are located;


·
            Faster
      growth.




3




Business
Affiliates





SenYu’s
business model combines the production resources of SenYu’s own breeding bases
with those of its farmer franchisees in order to maximize the return on capital
realized by all parties.  SenYu sells breeding swine to its franchisee
farmers under Senyu’s brand name, repurchases from the franchisee farmers the
adult commercial hogs that meet the SenYu criteria, and sell the mature
commercial hogs to the slaughter house. In this manner, SenYu distributes to its
affiliates the preponderance of risk involved in the pork production process,
while retaining the majority of the profits. SenYu is licensed as a swine
breeder, but leverages its business relationships and franchise business model
to generate substantial revenues while inoculating itself from overproduction
and missed market opportunities.





SenYu’s
business plan has been implemented through the establishment of contractual
relationship among SenYu and three other parties:




·
            a
      Cooperation Agreement between Senyu and Heilongjiang WangDa Feedstuff Co.,
      Ltd. (“WangDa”) under which SenYu finances the supply of fodder by WangDa
      to SenYu’s Franchise farmers;




·
            a
      Sales Agreement between Senyu and Harbin Golden Lotus Trade Co, Ltd.
      (“Golden Lotus”) and a Supplemental Agreement among SenYu, Golden Lotus
      and WangDa, under which Golden Lotus sells Senyu’s breeding swine to
      qualified franchisee farmers; and




·
            the
      Fodder Supply and Commercial Hog Buyback Contracts between WangDa and the
      franchisee farmers.




WangDa:  Fodder
Supply and Hog Purchases




The
Cooperation Agreement between SenYu and WangDa was made effective on January 1,
2009 with an indefinite term.  It is the key to the implementation of
our business plan.  SenYu finances WangDa, with fixed profit margins
set by SenYu, and WangDa in turn finances the farmers, providing fodder on
credit at discount rates obtained through volume purchasing
power.  WangDa also guarantees the repurchase of mature hogs that meet
SenYu’s quality standards.  The franchise farmer is thus able to
operate with minimum cash outlay and achieve a higher potential
profit.  In exchange, the farmer bears the preponderance of the risk
in the rearing of the hog.




The
Cooperation Agreement makes WangDa responsible for financing the supply of
fodder to the franchise farmers.  SenYu, in turn, is obligated to
advance payment for the fodder to WangDa.  To fulfill its supply
obligation, WangDa purchases fodder in massive bulk quantities at the best
available prices. WangDa achieves the best available prices by purchasing
futures contracts for fodder and making spot purchases when market conditions
are favorable.  At the same time, WangDa’s contract with the farmers
provides for a fixed profit margin on the sale of fodder to the
farmers.  These practices allow SenYu to experience relatively smooth
and predictable cash flow, which facilitates production planning and
forecasts.





4





WangDa enters into a Fodder Supply and
Commercial Hog Buyback Contract with each of SenYu’s franchisee
farmers.  In addition to guaranteeing the supply of fodder, the
contract also provides that WangDa will purchase each mature hog produced by the
farmer that satisfies SenYu’s quality standards.   WangDa is
responsible for payment to the farmer of 40% of the net profits realized on the
hog, which represents the resale price to the slaughter house less the cost of
fodder and the cost of the breeding swine delivered by SenYu to the
farmer.  After the hog is delivered to the slaughter house by Senyu,
Senyu then reimburses WangDa the amount it paid the farmer for the
hog.





As of
June 30, 2009 SenYu had net advances to WangDa outstanding in the amount of
$21,733,623.  WangDa will offset the advances against the market value
of the hogs that it purchases during this fiscal year from the franchise
farmers, and delivers to SenYu.  The net amount of the advances will
continue to grow, however, as SenYu’s business expands.





Golden
Lotus:  Sale of Breeding Swine





SenYu has
an Exclusive Sales Agreement with Golden Lotus, which was effective on December
20, 2008 and has a term of two years.  The Agreement made Golden Lotus
responsible for the sale of breeding swine to qualified franchisee farmers, with
financing provided by SenYu.  Golden Lotus also undertook to engage
technicians experienced in hog production to perform information collection
services for SenYu, and to provide after-sale technical support to the
franchisee farmers.





Golden
Lotus is SenYu’s exclusive sales agent in Heilongjiang Province, where all of
SenYu’s franchisee farmers are located.   To maintain its
exclusivity, Golden Lotus is required to sell a minimum of 1,950 breeding swine
per quarter.  Golden Lotus is permitted to fix its sales price to the
farmers based on demand.  However its sales price may not exceed 120%
of the price charged to it by SenYu.  If Golden Lotus is not able to
sell the minimum quarterly amount, it is required to pay a fee equal to 20% of
the unaccomplished sales, and Senyu shall has the right to sell its breeding
swine through other agents.  If SenYu fails to deliver qualified
breeding swine on schedule or if Golden Lotus defaults in making timely payment
to SenYu, the agreement provides for payment of a penalty equal to 20% of the
defaulted amount.





Among
Golden Lotus’s responsibilities is the recruitment of franchisee farmers, based
on standards set by SenYu.  Golden Lotus is also responsible for
processing the necessary data regarding the farmers, their requirements of
breeding swine, their productivity, and an estimate of their fodder
requirements.  The data formulated by Golden Lotus is then used by
SenYu and WangDa to determine the farmers’ fodder requirements and SenYu’s
financial obligations to WangDa.





Allocation
of Risk and Profit





SenYu’s
business plan puts on SenYu the responsibility for financing all steps of the
hog supply chain.  At the same time, however, SenYu is able to share
the risks inherent in the production of hogs.  In the first instance,
Golden Lotus bears the risk of stagnant growth in production by guaranteeing a
minimal sales level.  Then, the franchisee farmers bear the risk of
hog mortality and illness.  The risk of sudden changes in the prices
of raw materials is shared between WangDa and the farmers.  And the
risk of reduced wholesale prices for hogs is shared between SenYu and its
franchisee farmers.  In this manner, SenYu is able to engage in large
scale hog farming with far more financial predictability than is enjoyed by pork
producers who carry their hog herds in inventory.




5




Although
a significant portion of the production risk is imposed on the franchisee farmer
by this program, the demand for positions within the SenYu network is
high.  At most times Golden Lotus has significantly more candidates
that the number of franchises that can be financed.  The reason for
the demand is the significant increase in profitability that most farmers
realize upon joining SenYu.




A pig
farmer, operating independently, allocates his working capital between breeding
stock and fodder.  The farmer’s investment in fodder, however,
typically accounts for 80% of his expenses. Consequently, it is very difficult
for farmers to expand their livestock, given the limited funds remaining after
payment for fodder and other operating expenses.  Association with
SenYu allows the farmer to expand his herd much more rapidly, as SenYu meets all
of the farmer’s fodder requirements in exchange for the farmer’s commitment to
purchase breeding swine only from SenYu and deliver mature hogs to SenYu at a
price discounted to market.  The franchise farmer can devote a much
larger portion of his resources to the purchase of breeding swine from SenYu. By
carefully monitoring the farmer’s practices, SenYu assures itself of a supply of
high quality commercial hogs.  Typically farmers who become franchises
with SenYu realize increases of up to 100% in their annual income.




Product
lines





Under the "SenYu" brand, SenYu markets
a full range of swine and swine industry products:




ü      Breeding
Swine:


·     Dutch-line
Breeding Swine:


o      020
Grandparent-level Gilts


o      030
Grandparent-level Boars


o      C40
Parent-level Gilts


o      080
Terminal Line Boars


·     Canadian-line
Breeding Swine:


o      Canadian
Lacombe Boars and Gilts


o      Canadian
Duroc Boars and Gilts


o      Canadian
Yorkshire Boars and Gilts


o     Canadian
Landrace Boars and Gilts


ü      Senyu
Piglets


ü      Senyu
Commercial Hogs


ü Senyu-Polar
Semen and Artificial Insemination Equipment, Supplies and
Technologies





6





Physical
Facilities and Production




SenYu
maintains the most advanced technologies and equipment in its breeding bases,
including artificial insemination equipment, farrowing beds, nursing fences,
sanitation equipment, disinfection equipment, and vaccine
equipment.  As a result of SenYu's dedication to the use of
leading-edge technology, the Livestock Bureau of Heilongjiang Province
designated SenYu's Jiamusi City facility as the Breeding Swine Research Center
for Heilongjiang Province.





SenYu has
two breeding bases that are located in Jiamusi City of Heilongjiang Province in
the PRC.  SenYu also has leases a 51,000 sq. meter location in Huanan
County.





The meat
and meat processing industry in the PRC is regarded by the central government of
China as a ÒkeyÓ industry.   Certain participants in the
industry, including our company, receive special tax incentives and subsidies
for technological development. Both the central and provincial governments of
China have made the expansion of the pork supply a priority.  Senyu,
therefore, has found local government to be ready to assist SenYu's development
as needed.  In China, land is leased from the government, and SenYu
has been afforded land for expansion when required.  In addition,
SenYu and Sino-Canadian J.V. currently carry three loans totaling $1,097,986
from local government agencies.  To secure the loans, SenYu pledged
its property in Huanan County and Heijihe Township.  The loans bear no
interest, and are payable on December 31, 2009.





Product
quality control





SenYu
strives to produce high quality products.  Our production facilities
meet ISO 9001 standards, as well as a host of industry-specific quality
standards.  Because we purchase in bulk under fixed supply contracts,
our cost for veterinary medicine and vaccines is lower than common in the pork
industry, enabling us to reduce the incidence of contagious disease among our
herds.




Our
agreements with our farmer franchisees require that they too comply with our
high standards for sanitation, medical care, and environmental
protection.  To insure that the hogs we
purchase from our farmer franchisees meet SenYu quality standards, we enforce
four key practical requirements:




ü
            SenYu
      is the exclusive breeding swine provider to its
    franchisees.


ü
            Franchisees
      must meet the same standards as SenYu breeding bases in every stage of
      swine breeding.


ü
            SenYu
      is the exclusive fodder provider to its
  franchisees.


ü
            Franchisees
      sell their adult commercial hogs exclusively to SenYu for resale under the
      SenYu brand name.




As a
result of our attention to quality production methods, SenYu's swine delivery
survival rate is 92%, our nursing survival rate is 95%, and our adult swine
survival ratio is 98%.  All of these results rank as exemplary in the
Chinese pork industry.





7





Intellectual
Property




The
breeding efficiency of our sows and the food quality of our hogs will determine
the profitability of our operations.  With that in mind, we have
dedicated ourselves to achieving the most advanced level of swine operations in
the PRC.  Central to that goal are our technologies, which
include:




·
            Genetic
      Measurement Technologies.  We have developed a proprietary
      breeding swine measurement system.  Our system documents the
      optimal characteristics of breeding swine, as well as measurement
      parameters and variations among implements.  With our genetics
      evaluation software, we are capable of dynamically and accurately
      measuring the breeding swine's genetic profile at any stage of the
      breeding process.




·
            Artificial
      Insemination Technologies.  Our artificial insemination
      technologies currently permit us to achieve 500% higher fecundity than
      natural insemination.  This reduces the investment needed to
      produce piglets, and permits us to focus our efforts on sows with optimal
      production characteristics.





As
noted earlier, our facility has been designated by the Provincial Government as
the Breeding Swine Research Center for Heilongjiang Province.  In
addition, we are currently collaborating with the Northeast Agriculture
University to build a model swine breeding base that will be used as a training
center for post-graduate students in the agricultural sciences.  This
collaboration will greatly enhance our research capabilities, as the results of
the research will increase the breeds available to SenYu.





To fully
realize the benefits of our efforts, it will be necessary that the public come
to identify the SenYu brand with a superior quality of meat
product.  For that reason, we have applied to register as a trademark
the Chinese characters for "SenYu " with the State Administrative Agency in
China, application number 4723673.





Environmental Regulation





Our
breeding farms are located in rural areas where there are no specific
requirements imposed on us by China’s environmental protection agencies. Fecal
wastes are treated and converted by us to fertilizers and used by farmers. We
have never been penalized by any environmental protection agencies. We therefore
do not incur any significant environmental law compliance costs. However, SenYu
is committed to protecting the environment and utilizing resources
effectively.  For that reason, and with a view to the long-term
economic benefits that will inure to “green” companies, SenYu has initiated an
advanced sewage treatment project as well as a complete environmental review of
our production.  Our goal is to lead the way in the development of a
standardized eco-type breeding farm.




Marketing




According to the USDA
Foreign Agricultural Service, in 2006 the population ofChina consumed
more pork than any other country, being responsible for over 50% of the total
worldwide consumption of pork products.  As the economy of China
grows, and the Chinese population achieves higher levels of personal wealth, the
demand for meat is increasing as well.





8





To
achieve a significant position in the market for hogs, SenYu employs a variety
of media, including television, magazines, and a large livestock website, all
aimed at boosting the visibility and reputation of SenYu technologies and
products.   In addition, to ensure the quality of the products
bearing the SenYu label, SenYu works closely with Golden Lotus, which bears most
of the responsibility for maintaining SenYu's after-sale relationship with its
farmer franchisees.  SenYu provides training programs to the Golden
Lotus employees who are responsible for providing the franchisee farmers with
swine breeding technology support, periodic visits, anti-epizootic management,
and fodder recipes.





To ensure
SenYu sales performance, SenYu implements incentive policies throughout SenYu's
entire sales network, including SenYu own sales staff and the sales personnel
employed by Golden Lotus.  SenYu pays year-end bonuses throughout the
network that are directly correlated to each employee's sales
performance.





Commitment
Contracts and Major Customers




SenYu
enters into forward commercial hog sales contracts with its major customers to
decrease its market risk. SenYu utilizes forward contracts to fix a base level
of revenue that it can anticipate, which facilitates
planning.  Currently, the customers we entered into forward contracts
with include:




·
            Beijing Ershang
      Dahongmen Meat Co., Ltd. (ÒBeijing DahongmenÓ), which purchased
      100,000 hogs from us in the twelve months ended September 28, 2008
      and  committed to purchase an additional 80,000 hogs between
      September 28, 2008 and September 28, 2009;
and




·
            Beijing
      Fifth Meat Factory, which committed to purchase 150,000 hogs between
      August 29, 2008 to August 28, 2009.





During
the 2009 fiscal year, which ended on June 30, 2009, these two major customers
accounted for 94.27% of our total sales.





Competitive Advantages





Currently
in China, pork products are usually locally sourced due to the under-developed
transportation infrastructure. SenYu’s business model enables it to diversify
the locations from which its hogs are sourced, and expand its markets. With the
increasing market for high quality pork products in China, a commercial hog
producer that can assure a large supply of quality products at a competitive
price is attractive to large commercial slaughters.





The pork
industry in China is highly diversified, including a large number of
participants  The challenge for a relatively new company, such as
SenYu, is to establish a reputation and the resulting relationships that will
set it apart from the mass of suppliers.  The principal strengths that
SenYu brings to the competitive arena are:





9





·
            SenYu
      has the only purebred Canadian-line-swine breeding center in the
      PRC.


·
            The
      “Senyu” brand name is well recognized in its major markets, and associated
      with quality and food safety.


·
            SenYu's
      total quality control, from genetics to fodder to veterinary medicine for
      the entire life cycle of the product, minimizes the risk of damaging
      sanitation disasters.


·
            SenYu
      utilizes the most advanced technologies in swine breeding and raising at
      breeding bases that carry the most advanced equipment available in
      China.


·
            SenYu
      can be price competitive, because it obtains low cost fodder through its
      buying contracts and because of its location in Heilongjiang, one of the
      largest agriculture provinces in
China.





Employees




SenYu had
approximately 90 employees as of June 30, 2009, all of whom are employed on a
full-time basis.  Over 80% of our employees have college
degrees.





ITEM
1A             RISK
FACTORS





Investing
in our common stock involves risk. You should carefully consider the risks
described below together with all of the other information contained in this
Report, including the financial statements and the related notes, before
deciding whether to purchase any shares of our common stock. If any of the
following risks occurs, our business, financial condition or operating results
could materially suffer. In that event, the trading price of our common stock
could decline and you may lose all or part of your investment.





Risks
Relating To Our Business





Our
limited operating history makes it difficult to evaluate our future prospects
and results of operations.





We have a
limited operating history. Accordingly, you should consider our future prospects
in light of the risks and uncertainties experienced by early stage companies in
evolving markets such as the growing market for breeding swine and commercial
hogs in the PRC. Some of these risks and uncertainties relate to our ability
to:


ü
            attract
      and retain a larger customer base;


ü
            increase
      awareness of our brand and continue to develop customer
      loyalty;


ü
            respond
      to competitive market conditions;


ü
            respond
      to changes in our regulatory
environment;


ü
            manage
      risks associated with intellectual property
  rights;


ü
            maintain
      effective control of our costs and
expenses;


ü
            raise
      sufficient capital to sustain and expand our
  business;


ü
            attract,
      retain and motivate qualified personnel;
and


ü
            upgrade
      our technology to support additional research and development of new food
      products.





If we are
unsuccessful in addressing any of these risks and uncertainties, our business
may be materially and adversely affected.





10





If
the pork market in the PRC does not grow as we expect, our results of operations
and financial condition may be adversely affected.





We
believe pork products have strong growth potential in the PRC and, accordingly,
we have continuously increased our sales of breeding swine and hogs. However,
the market for pork products in the PRC has grown in recent years due to the
increased wealth of the average resident of China, which has been the result of
double-digit annual growth in the Chinese economy.  Due to the
worldwide recession, the growth of the Chinese economy has slowed.  If
the pork market in the PRC does not grow as we expect, our business may be
harmed, we may need to adjust our growth strategy, and our results of operation
may be adversely affected.





We
require various licenses and permits to operate our business, and the loss of or
failure to renew any or all of these licenses and permits could require us to
suspend some or all of our production or distribution operations.





In
accordance with PRC laws and regulations, we are required to maintain various
licenses and permits in order to operate our business. We are required to comply
with applicable hygiene and food safety standards in relation to our production
processes. Our premises and transportation vehicles are subject to regular
inspections by the regulatory authorities for compliance with applicable
regulations. Failure to pass these inspections, or the loss of or failure to
renew our licenses and permits, could require us to temporarily or permanently
suspend some or all of our production or distribution operations, which could
disrupt our operations and adversely affect our revenues and
profitability.





Our
joint venture with Polar Genetics, Inc., the supplier of Canadian hogs, may be
terminated.





We have
encountered a regulatory problem with Sino-Canadian J.V., the joint venture that
we formed with Polar Genetics, Inc., a Canadian corporation.  Under
our agreement, Polar Genetics contributed 600 breeding sows as its portion of
the registered capital of Sino-Canadian J.V.  This contribution has
been accepted as registered capital by the local agency of MOFCOM, the agency of
the Chinese government that is responsible for corporate
regulation.  The local administration of SAFE, however, has not agreed
that the registered capital of Sino-Canadian J.V. was properly
paid.  As a result, we are unable to open a foreign exchange account,
which renders the joint venture unable to do business with its Canadian
member.  We are currently exploring methods of resolving the
problem.  It may occur, however, that we will have to terminate the
joint venture.





The
loss of senior management or key research and development personnel or our
inability to recruit additional personnel may harm our business.





We are
highly dependent on our senior management to manage our business and operations
and our key research and development personnel for the development of new
processing technologies and food products and the enhancement of our existing
products. In particular, we rely substantially on Senyu's chairman and chief
executive officer, Mr. Zhenyu Shang, and its vice charimen, Mr. Peng Cheng, to
manage our operations. We also depend on our key research personnel. In
addition, we also rely on information technology and logistics personnel for the
production, storage and shipment of our products and on marketing and sales
personnel, engineers and other personnel with technical and industry knowledge
to transport, market and sell our products. We do not maintain key man life
insurance on any of our senior management or key personnel. The loss of any one
of them, in particular Mr. Shang or Mr. Cheng, would have a material adverse
effect on our business and operations. Competition for senior management and
research and development personnel is intense and the pool of suitable
candidates is limited. We may be unable to locate a suitable replacement for any
senior management or key research and development personnel that we lose. In
addition, if any member of our senior management or key research and development
personnel joins a competitor or forms a competing company, they may compete with
us for customers, business partners and other key professionals and staff
members of our company.





11





We
compete for qualified personnel with other swine breeding companies, swine
genetics companies, food processing companies, logistics companies and research
institutions. Intense competition for these personnel could cause our
compensation costs to increase significantly, which could have a material
adverse effect on our results of operations. Our future success and ability to
grow our business will depend in part on the continued service of these
individuals and our ability to identify, hire and retain additional qualified
personnel. If we are unable to attract and retain qualified employees, we may be
unable to meet our business and financial goals.





Our
growth strategy may prove to be disruptive and divert management resources,
which could adversely affect our existing businesses.





Our
growth strategy includes investing approximately $15 million dollars on
expansion so as to achieve the goal of annual output of one million commercial
hogs by 2011. Twenty percent of the total investment will be from the Company's
own resources and eighty percent is planned to be raised from the capital
markets. The implementation of such strategy may involve large transactions and
present financial, managerial and operational challenges, including diversion of
management attention from existing businesses, difficulty with integrating
personnel and financial and other systems, increased expenses, including
compensation expenses resulting from newly-hired employees, assumption of
unknown liabilities and potential disputes. We also could experience financial
or other setbacks if any of our growth strategies incur problems of which we are
not presently aware.





Our
operating results may fluctuate from period to period and if we fail to meet
market expectations for a particular period, our share price may
decline.





Our
operating results have fluctuated from period to period and are likely to
continue to fluctuate as a result of a wide range of factors, including seasonal
variations in pork products consumption. Our interim financial reports may not
be indicative of our performance for the year or our future performance, and
period-to-period comparisons may not be meaningful due to a number of reasons
beyond our control. We cannot assure you that our operating results will meet
the expectations of market analysts or our investors. If we fail to meet their
expectations, there may be a decline in our share price.





12





Our
failure to comply with increasingly stringent environmental regulations and
related litigation could result in significant penalties, damages and adverse
publicity for our business.





In recent
years, the government of China has become increasingly concerned with the
degradation of China’s environment that has accompanied the country’s rapid
economic growth.  In the future, we expect that our operations and
properties will be subject to extensive and increasingly stringent laws and
regulations pertaining to, among other things, the discharge of materials into
the environment and the handling and disposition of wastes (including solid and
hazardous wastes) or otherwise relating to protection of the environment.
Failure to comply with any laws and regulations and future changes to them may
result in significant consequences to us, including civil and criminal
penalties, liability for damages and negative publicity.  We cannot
assure you that additional environmental issues will not require currently
unanticipated investigations, assessments or expenditures, or that requirements
applicable to us will not be altered in ways that will require us to incur
significant additional costs.





Risks
Relating To Our Industry





The
outbreak of animal diseases could adversely affect our operations.





An
occurrence of serious animal diseases, such as foot-and-mouth disease, or any
outbreak of other epidemics in the PRC affecting animals or humans might result
in material disruptions to our operations, material disruptions to the
operations of our customers or suppliers, a decline in the supermarket or food
retail industry or slowdown in economic growth in the PRC and surrounding
regions, any of which could have a material adverse effect on our operations and
turnover. Recently, there has been an outbreak of streptococcus suis in pigs,
principally in Sichuan Province, PRC, with a large number of cases of human
infection following contact with diseased pigs. There also have been unrelated
reports of diseased pigs in Guangdong Province, PRC. Our procurement and
production facilities are located in Henan Province, PRC and were not affected
by the streptococcus suis infection. However, there can be no assurance that our
facilities or products will not be affected by an outbreak of this disease or
similar ones in the future, or that the market for pork products in the PRC will
not decline as a result of fear of disease. In either case, our business,
results of operations and financial condition would be adversely and materially
affected.





Consumer
concerns regarding the safety and quality of food products or health concerns
could adversely affect sales of our products.





Our sales
performance could be adversely affected if consumers lose confidence in the
safety and quality of our products. Consumers in the PRC are increasingly
conscious of food safety and nutrition. Consumer concerns about, for example,
the safety of pork products, or about the safety of food additives used in
processed meat products, could discourage them from buying certain of our
products and cause our results of operations to suffer.





We
may be subject to substantial liability should the consumption of any of our
products cause personal injury or illness. Unlike most food processing companies
in the United States, we do not maintain product liability insurance to cover
our potential liabilities.





13





The sale
of food products for human consumption involves an inherent risk of injury to
consumers. Such injuries may result from tampering by unauthorized third parties
or product contamination or degeneration, including the presence of foreign
contaminants, chemical substances or other agents or residues during the various
stages of production process. We cannot assure you that consumption of our
products will not cause a health-related illness in the future, or that we will
not be subject to claims or lawsuits relating to such matters.





Even if a
product liability claim is unsuccessful or is not fully pursued, the negative
publicity surrounding any assertions that our products caused personal injury or
illness could adversely affect our reputation with customers and our corporate
and brand image. Unlike most food processing companies in the United States, but
in line with industry practice in the PRC, we do not maintain product liability
insurance. Furthermore, the products manufactured from our hogs could
potentially suffer from product tampering, contamination or degeneration or be
mislabeled or otherwise damaged. Under certain circumstances, we may be required
to recall products. Even if a situation does not necessitate a product recall,
we cannot assure you that product liability claims will not be asserted against
us as a result. A product liability judgment against us or a product recall
could have a material adverse effect on our revenues, profitability and business
reputation.





Our
product and company name may be subject to counterfeiting and/or imitation,
which could have an adverse impact upon our reputation and brand image, as well
as lead to higher administrative costs.





We regard
brand positioning as one of our core competitive advantages, and intend to
position our “Senyu” brand to create the perception and image of “health,
nutrition, freshness and quality” in the minds of our customers. There have been
frequent occurrences of counterfeiting and imitation of products in the PRC in
the past. We cannot guarantee that counterfeiting or imitation of our products
will not occur in the future or that we will be able to detect it and deal with
it effectively. Any occurrence of counterfeiting or imitation could impact
negatively upon our corporate and brand image, particularly if the counterfeit
or imitation products cause sickness, injury or death to consumers. In addition,
counterfeit or imitation products could result in a reduction in our market
share, a loss of revenues or an increase in our administrative expenses in
respect of detection or prosecution.





Risks
Relating To Conducting Business in the PRC





Substantially
all of our assets and operations are located in the PRC, and substantially all
of our revenue is sourced from the PRC. Accordingly, our results of operations
and financial position are subject to a significant degree to economic,
political and legal developments in the PRC, including the following
risks:





Changes in the political and
economic policies of the PRC government could have a material adverse effect on
our operations.





Our
business operations may be adversely affected by the political and economic
environment in the PRC. The PRC has operated as a socialist state since 1949 and
is controlled by the Communist Party of China. As such, the economy of the PRC
differs from the economies of most developed countries in many
respects.





14





In recent
years, however, the government has introduced measures aimed at creating a
“socialist market economy” and policies have been implemented to allow business
enterprises greater autonomy in their operations. Nonetheless, a substantial
portion of productive assets in the PRC are still owned by the PRC government.
Changes in the political leadership of the PRC may have a significant effect on
laws and policies related to the current economic reforms program, other
policies affecting business and the general political, economic and social
environment in the PRC, including the introduction of measures to control
inflation, changes in the rate or method of taxation, the imposition of
additional restrictions on currency conversion and remittances abroad, and
foreign investment. Moreover, economic reforms and growth in the PRC have been
more successful in certain provinces in the PRC than in others, and the
continuation or increases of such disparities could affect the political or
social stability in the PRC.





Although
we believe the economic reform and the macroeconomic measures adopted by the
Chinese government have had a positive effect on the economic development in the
PRC, the future direction of these economic reforms is uncertain and the
uncertainty may decrease the attractiveness of our company as an investment,
which may in turn materially adversely affect the price at which our stock
trades.





Governmental
control of currency conversion may affect the ability of our company to obtain
working capital from our subsidiaries located in the PRC and the value of your
investment.





The PRC
government imposes controls on the convertibility of Renminbi into foreign
currencies and, in certain cases, the remittance of currency outside of the PRC.
We receive substantially all of our revenues in Renminbi. Under our current
structure, our income is primarily derived from the operations of Heilongjiang
Senyu. Shortages in the availability of foreign currency may restrict the
ability of Heilongjiang Senyu to remit sufficient foreign currency to pay
dividends or other payments to us, or otherwise satisfy its foreign currency
denominated obligations. Under existing PRC foreign exchange regulations,
payments of current account items, including profit distributions, interest
payments and expenditures from trade-related transactions, can be made in
foreign currencies without prior approval from the PRC State Administration of
Foreign Exchange by complying with certain procedural requirements. However,
approval from appropriate government authorities is required in those cases in
which Renminbi is to be converted into foreign currency and remitted out of the
PRC to pay capital expenses, such as the repayment of bank loans denominated in
foreign currencies. The PRC government also may at its discretion restrict
access in the future to foreign currencies for current account transactions. If
the foreign exchange control system prevents us from obtaining sufficient
foreign currency to satisfy our currency demands, we may not be able to pay
dividends in foreign currencies to our shareholders.





15





SenYu
is subject to restrictions on making payments to us, which could adversely
affect our cash flow and our ability to pay dividends on our capital
stock.





We are a
holding company incorporated in the State of Delaware and do not have any assets
or conduct any business operations other than our investment in our operating
subsidiary in the PRC, Heilongjiang SenYu. As a result of our holding company
structure, we will rely entirely on contractual payments or dividends from
Heilongjiang SenYu for our cash flow to fund our corporate overhead and
regulatory obligations. The PRC government imposes controls on the conversion of
Renminbi into foreign currencies and the remittance of currencies out of the
PRC. As a result, we may experience difficulties in completing the
administrative procedures necessary to obtain and remit foreign currency.
Further, as Heilongjiang SenYu has in the past, and Heilongjiang SenYu and our
other subsidiaries in the PRC may in the future, incur debt on its or their own,
the instruments governing such debt may restrict such subsidiary’s ability to
make contractual or dividend payments to any parent corporation or other
affiliated entity. If we are unable to receive all of the funds we require for
our operations through contractual or dividend arrangements with our PRC
subsidiaries, we may not have sufficient cash flow to fund our corporate
overhead and regulatory obligations in the United States and may be unable to
pay dividends on our shares of capital stock.





Risk
Relating to an Investment in Our Securities





We
have not paid any cash dividends and no cash dividends will be paid in the
foreseeable future.





We do not
anticipate paying cash dividends on our common stock in the foreseeable future
and we may not have sufficient funds legally available to pay dividends. Even if
the funds are legally available for distribution, we may nevertheless decide not
to pay, or may be unable to pay, any dividends. We intend to retain all earnings
for our company’s operations.





Our
common stock is thinly traded and you may be unable to sell at or near “ask”
prices or at all if you need to sell your shares to raise money or otherwise
desire to liquidate your shares.





We cannot
predict the extent to which an active public market for our common stock will
develop or be sustained. Our common stock has been sporadically or
“thinly-traded” on the “OTC Bulletin Board,” meaning that the number of persons
interested in purchasing our common stock at or near bid prices at any given
time may be relatively small or nonexistent. This situation is attributable to a
number of factors, including the fact that we are a small company which is
relatively unknown to stock analysts, stock brokers, institutional investors and
others in the investment community that generate or influence sales volume, and
that even if we came to the attention of such persons, they tend to be
risk-adverse and would be reluctant to follow an unproven company such as ours
or purchase or recommend the purchase of our shares until such time as we become
more seasoned and viable. As a consequence of this lack of liquidity, the
trading of relatively small quantities of shares by our stockholders may
disproportionately influence the price of our common stock in either direction.
The price for our shares could, for example, decline precipitously in the event
a large number of shares of our common stock is sold on the market without
commensurate demand, as compared to a seasoned issuer that could better absorb
those sales without adverse impact on its share price. We cannot give you any
assurance that a broader or more active public trading market for our common
stock will develop or be sustained.





16





ITEM
1B.             UNRESOLVED
STAFF COMMENTS





Not Applicable.





ITEM
2.                DESCRIPTION
OF PROPERTY





SenYu
owns two breeding bases: one facility includes 15,000 square meters of buildings
on 300,000 square meters of land located in Heijinhe Township of Tangyuan
County, and the other has facility includes 11,000 square meters of buildings on
51,000 square meters of land located in Huanan County.  Tangyuan and
Huanan County are located in Jiamusi City of Heilongjiang Province in the
PRC.  SenYu also leases a breeding base that includes 4,500 square
meters of buildings on 20,000 square meters of land located in TaiPin Village
Township Tangyuan County.





ITEM
3.               LEGAL
PROCEEDINGS





None.





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





None.





PART
II





ITEM
5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER
MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES.





(a)
Market Information




Our
common stock is listed for quotation on the OTC Bulletin Board system under the
symbol “APRB.”  The following table sets forth for the respective
periods indicated the prices of the common stock, as reported by the OTC
Bulletin Board.  Such prices are based on inter-dealer bid and asked
prices, without markup, markdown, commissions, or adjustments and may not
represent actual transactions.




BidQuarter
      Ending
            
            High
            
            
            LowSeptember
      30, 2007
            
            $
            2.00
            
            
            $
            0.03December
      31, 2007
            
            $
            2.20
            
            
            $
            0.50March
      31, 2008
            
            $
            1.00
            
            
            $
            0.02June
      30, 2008
            
            $
            1.60
            
            
            $
            0.60September
      30, 2008
            
            $
            1.09
            
            
            $
            .65December
      31, 2008
            
            $
            1.25
            
            
            $
            .25March
      31, 2009
            
            $
            .85
            
            
            $
            .05June
      30, 2009
            
            $
            .25
            
            
            $
            .05




17





(b)
Shareholders




On October 13, 2009 there were
approximately 1,240 holders of record of our common stock.





(c)  Dividends




Since the Company’s incorporation, no
dividends have been paid on our Common Stock. We intend to retain any earnings
for use in our business activities, so it is not expected
that  any  dividends on our common stock will be declared
and paid in the foreseeable future.





(d)  Securities Authorized
for Issuance Under Equity Compensation Plans





The
information set forth in the table below regarding equity compensation plans
(which include individual compensation arrangements) was determined as of June
30, 2009.





Number
      of securities to be issued upon exercise of outstanding options, warrants
      and rights
            Weighted
      average exercise price of outstanding options, warrants and
      rights
            Number
      of securities remaining available for future issuance under equity
      compensation plansEquity
      compensation plans approved by security holders
            0
            N.A.
            0Equity
      compensation plans not approved by security holders
            0
            N.A.
            0Total
            0
            N.A.
            0





(e)  Sale
of Unregistered Securities




China Swine did not effect any
unregistered sales of equity securities during the quarter ended June 30,
2009.





(f)
Repurchase of Equity Securities




China
Swine did not repurchase any of its equity securities that were registered under
Section 12 of the Securities Act during the quarter ended June 30,
2009.







ITEM
6.                SELECTED
FINANCIAL DATA





Not
applicable.





18





ITEM
7.              
MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITIONS AND RESULTS OF
OPERATIONS





Result of
Operations





On
February 28, 2008 SenYu was purchased by Advanced Swine Genetics, Inc., a Nevada
corporation.  We acquired Advanced Swine Genetics, Inc. in August 2009
in a transaction classified as a reverse merger for accounting
purposes.  For this reason, the consolidated financial statements
included in this report with respect to the year ended June 30, 2008 include the
results of operations and cash flows of SenYu for the period from February 28,
2008 to June 30, 2008 only.  For comparison purposes, however,
reference is made herein at times to the results of SenYu’s operations during
“SenYu’s 2008 fiscal year,” which refers to the full twelve month period that
ended on June 30, 2008.




SenYu
commenced operations in 2004, and has grown to be one of the leading commercial
hogs and piglets producers and distributor in northeast China. We realized
$30,435,126 in revenue during SenYu’s 2008 fiscal year, an increase of 23%
compared to the $24,715,057 that SenYu realized during the year ended June 30,
2007. In fiscal 2009, our revenues grew to $50,392,533, an increase of 66% over
SenYu’s fiscal 2008.  The increase in revenues reflects our rapid
development in both production and marketing efforts.




It is in
the nature of our business that our cost of sales will rise almost in proportion
to our revenues.  Since the greater portion of cost of sales is fodder
expense, the only efficiencies we are likely to achieve will occur if the price
of grain falls.  During the 2009 fiscal year, the opposite occurred,
as agricultural foodstuffs increased in price, in part due to international
demand for corn products to be used for fuel.  As a result, our gross
margin for fiscal year 2009 was only 17.4%, which represented a decline from the
22.8% margin we achieved in SenYu’s 2008 fiscal year.  In general, we
expect that our gross margins will fall within the range from 17% to 23%
realized in fiscal 2009 and 2008, depending primarily on the market price of pig
fodder.





Our
general and administrative expenses have remained relatively stable in recent
times, rising to $619,490 in fiscal year 2009 from $458,803 during SenYu’s 2008
fiscal year.  We expect, however, that our selling, general and
administrative expenses will increase in proportion to the growth of our
business activity in the coming periods.  In addition, we will now
bear the ongoing expenses attributable to being a U.S. public, reporting
company.




Our
selling expenses rose dramatically in the fiscal year of 2009, to $1,700,533, as
compared to $581,994 during SenYu’s 2008 fiscal year.  The increase
resulted from our expansion of selling efforts, in particular our development of
a selling network involving Golden Lotus and WangDa, and our development of a
shipping program between Jiamusi and Beijing using the services of Jiamusi
Shunlida Transporting Co., Ltd.  In addition, as the net amount of our
advances to WangDa increased significantly during the year, we determined that
an allowance for the risk of default was appropriate.  For that reason
we recorded an allowance of $1,003,691, representing an adjustment to account
for an accumulated bad debt allowance of 5% of the balance due to us from WangDa
at June 30, 2009.





19




Our total
operating expenses for the year ended June 30, 2009 were
$3,323,734.  While the “bad debt for advanced to suppliers” expense of
$1,003,691 should not repeat in the coming years, our selling, general and
administrative expenses can be expected to continue to rise in proportion to the
increase in our revenues, as we make expenditures aimed at capturing a sizeable
position in the Chinese meat market.





Although,
under U.S. accounting principles, we realized $4,083,386 in net pre-tax income
for the fiscal year of 2009, our taxable income as calculated under Chinese
principles was considerably higher.  We are, however, enjoying an
exemption from income tax granted by the government of China to businesses
engaged in agricultural breeding of livestock.  But for that
exemption, our income under Chinese accounting principles would  be
taxed at the national rate of 25%.




During
the 2009 fiscal year, Sino-Canadian J.V., the joint venture in which we hold 60%
of the equity, incurred a net loss of approximately
$1,076,000.   On our Statements of Operations, the 40% of that
loss allocable to our joint venture partner was attributed to “Minority
Interest” and added to our net income.  In the future, if
Sino-Canadian realizes a net profit, the 40% of that gain allocable to our joint
venture partner will likewise be deducted from our net income.  Our
net income for the fiscal year of 2009, after that deduction, totaled $
4,513,786.




Our
business operates primarily in Chinese Renminbi (“RMB”), but we report our
results in our SEC filings in U.S. Dollars.  The conversion of our accounts
from RMB to Dollars will result in translation adjustments.  While our net
income will be added to the retained earnings on our balance sheet; the
translation adjustments will be added to a line item on our balance sheet
labeled “accumulated other comprehensive income,” since they will be more
reflective of changes in the relative values of U.S. and Chinese currencies than
of the success of our business.  During the fiscal year ended on June 30,
2009, the effect of converting our financial results to Dollars was to add
$190,596 to our accumulated other comprehensive income.  During fiscal
2008, when the exchange rate between the Renminbi and the Dollar was much more
volatile, foreign currency translation added $529,819 to our accumulated other
comprehensive income.





Liquidity and Capital
Resources




After our founders made the initial
contribution of our registered capital, the growth of our business has been
funded, primarily, by the revenues resulted from our business operations and by
loans from our shareholders. As a result, at June 30, 2009, we had no long term
debts.  We did, however, owe $11,024,211 to our officers, representing
funds they loaned to SenYu during our development period.  Our
officers do not intend to take any significant repayment of those loans until
SenYu’s cash position is adequate to fund growth and repay the
loans.




Our working capital at June 30, 2009
totaled $9,878,972, an increase of $5,503,742 from our $4,375,230 in working
capital as of June 30, 2008. The increase was approximately equal to our net
income -$4,513,786 - for the 2009 fiscal year.  In general, since we
carry only a small amount of accounts receivable, and an inventory suitable only
for sale in the current season, our working capital will tend to ebb and flow in
proportion to our net income.




20




Included in our June 30, 2009 working
capital was $20,654,804 recorded as advanced to our suppliers.  In
order to raise good quality commercial hogs, and control the quality of feeding
materials and procedures, we entered into a cooperation agreement with our major
feedstuff supplier to provide our farmers fodder to raise their commercial hogs.
The supplier can offset the loan amount from us once it delivers the farmers’
commercial hogs to us.Primarily as a result of
our use of cash for this purpose, our operations provided us only $82,854 in
cash, despite $4,513,786 in net income during the fiscal year of
2009.  While we continue to see opportunities for growth in the
Chinese pork market, we intend to continue to devote our cash resources to
expansion in this manner.





We currently have $1,097,986 in loans
payable to non-affiliates, including $805,190 due to an agency of the government
of Jiamusi and $292,796 due to an agency of the government of
TangYuan.  All of the loans are interest-free and all of them are
payable on December 31, 2009.  The payment date for each of these
loans has been extended in the past, as these agencies have made the loans for
the purpose of supporting our operations.  We expect the loans will
again be extended, although we have not yet received a commitment in that
regard.




Our
business plan contemplates that we will invest approximately $15 million dollars
on expansion of our facilities and increase in the roster of our franchisee
farmers, in order to reach our goal of producing one million commercial hogs in
2011. Implementation of this plan will require an investment in the Company of
significant funds. Our plan is to sell a portion of our equity in order to
obtain the necessary funds.  To date, however, we have received no
commitment from any source for funds.




Critical
Accounting Policies and Estimates





In
preparing our financial statements we are required to formulate working policies
regarding valuation of our assets and liabilities and to develop estimates of
those values.  In our preparation of the financial statements for
2009, there were two estimates made which were (a) subject to a high degree of
uncertainty and (b) material to our results.  One was our
determination, explained in Note 5 to the Financial Statements, to record an
allowance equal to 5% of net amount of our advances to suppliers.  We
calculated the reserve based on our expectation that the advances would be
liquidated though operations in the ordinary course of business.  The
5% reserve, therefore, represented our evaluation of the likelihood that our
operations would fail to achieve a level of productivity sufficient to permit
our supplier to liquidate the advances.





The
second material estimate that was subject to a high degree of uncertainty was
our determination to record our inventory at cost, without a
reserve.  The inventory, which primarily consists of perishable swine,
is subject to the risks of disease and death, among others.  We
determined, however, that the risk of mortality reducing the value of our
inventory below cost was not probable.





Impact of Accounting
Pronouncements





There were no recent accounting
pronouncements that have had a material effect on the Company’s financial
position or results of operations.





21





Off-Balance
Sheet Arrangements





We do not
have any off-balance sheet arrangements that have or are reasonably likely to
have a current or future effect on our financial condition or results of
operations.





ITEM
7A. QUANTITATIVE
AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK.





Not
Applicable.





ITEM
8.                FINANCIAL
STATEMENTS AND SUPPLEMENTARY DATA.





Index
to the Consolidated Financial Statements





Page


F-1
            Report
      of Independent Registered Public Accounting Firm.F-2
            Consolidated
      Balance Sheets as of June 30, 2009 and 2008.F-3
            Consolidated
      Statements of Operations for the Fiscal Years Ended June 30, 2009 and
      2008.F-4
            Consolidated
      Statements of Stockholders’ Equity and Comprehensive Income for the Fiscal
      Years Ended June 30, 2009 and 2008.F-5
            Consolidated
      Statements of Cash Flows for the Fiscal Years Ended June 30, 2009 and
      2008.F-6
      to F-18
            Notes
      to Consolidated Financial
Statements.







22




REPORT
OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM








To the
Board of Directors and Stockholders of




China
Swine Genetics, Inc. (f/k/a Apogee Robotics, Inc.) and Subsidiaries






We have
audited the accompanying balance sheets of China Swine Genetics, Inc. (f/k/a
Apogee Robotics, Inc.) and Subsidiaries as of June 30, 2009 and 2008, and the
related statements of operations, changes in stockholders’ equity and
comprehensive income, and cash flows for each of the years in the two-year
period ended June 30, 2009 and 2008. The management of China Swine Genetics,
Inc. (f/k/a Apogee Robotics, Inc.) and Subsidiaries is responsible for these
financial statements. Our responsibility is to express an opinion on these
financial statements based on our audits.




We
conducted our audits in accordance with the standards of the Public Company
Accounting Oversight Board (United States). Those standards require that we plan
and perform the audit to obtain reasonable assurance about whether the financial
statements are free of material misstatement. The company is not required to
have, nor were we engaged to perform, an audit of its internal control over
financial reporting. Our audit included consideration of internal control over
financial reporting as a basis for designing audit procedures that are
appropriate in the circumstances, but not for the purpose of expressing an
opinion on the effectiveness of the company’s internal control over financial
reporting. Accordingly, we express no such opinion. An audit also includes
examining, on a test basis, evidence supporting the amounts and disclosures in
the financial statements, assessing the accounting principles used and
significant estimates made by management, as well as evaluating the overall
financial statement presentation. We believe that our audit provides a
reasonable basis for our opinion.





In our
opinion, the financial statements referred to above present fairly, in all
material respects, the financial position of China Swine Genetics, Inc. (f/k/a
Apogee Robotics, Inc.) and Subsidiaries as of June 30, 2009 and 2008, and the
results of its operations, changes in stockholders’ equity and comprehensive
income, and cash flows for each of the years in the two-year period ended June
30, 2009 and 2008 in conformity with accounting principles generally accepted in
the United States of America.








MS Group
CPA LLC





MS Group
CPA LLC





Edison,
New Jersey





October
10, 2009





F-1





CHINA
SWINE GENETICS, INC. (F/K/A APOGEE ROBOTICS, INC.) AND SUBSIDIARIES


CONSOLIDATED
BALANCE SHEETS







As
      of June 30,2009
                
                
                2008AssetsCurrent
      Assets:Cash
      and equivalents
                
                $
                82,854
                
                
                $
                140,270Accounts
      receivable
                
                
                634,550
                
                
                
                335Inventories
                
                
                998,600
                
                
                
                1,050,824Advanced
      to suppliers, net
                
                
                20,654,804
                
                
                
                16,295,009Prepayments
      and other current assets
                
                
                146,789
                
                
                
                160,837Total
      Current Assets
                
                
                22,517,597
                
                
                
                17,647,275Property,
      Plant, Equipment and Breeding Stock, net
                
                
                2,486,610
                
                
                
                3,883,586Construction
      in Progress
                
                
                -
                
                
                
                118,730Total
      Long-Term Assets
                
                
                2,486,610
                
                
                
                4,002,316Total
      Assets
                
                
                25,004,207
                
                
                
                21,649,591Liabilities and
      Shareholders' EquityCurrent
      Liabilities:Accounts
      payable and accrued expenses
                
                
                447,565
                
                
                
                164,782Customer
      deposit
                
                
                4,270
                
                
                
                -Loans
      payable, net, current maturities
                
                
                1,068,909
                
                
                
                1,777,592Loans
      from shareholders/officers, net
                
                
                11,024,211
                
                
                
                11,210,263Deferred
      interest income
                
                
                29,077
                
                
                
                52,999Other
      current liabilities
                
                
                64,593
                
                
                
                92,631Total
      Current Liabilities
                
                
                12,638,625
                
                
                
                13,298,267Loans
      Payable, Net, Less Current Maturities
                
                
                -
                
                
                
                265,361Total
      Long-Term Liabilities
                
                
                -
                
                
                
                265,361Total
      Liabilities
                
                
                12,638,625
                
                
                
                13,563,628Minority
      Interest
                
                
                431,447
                
                
                
                862,174Shareholders'
      Equity:Preferred
      Stock, $0.001 par value, 9,995,200 shares authorized,zero
      shares issued and outstanding, respectively *
                
                
                -
                
                
                
                -Series
      A Convertible Preferred Stock ,$0.001 par value,4,800
      shares authorized, 4,646.05933  shares issued
andoutstanding,
      respectively *
                
                
                5
                
                
                
                5Common
      stock, $0.001 par value, 300,000,000  sharesauthorized,
      41,423 issued and outstanding, respectively *
                
                
                41
                
                
                
                41Additional
      paid-in capital *
                
                
                4,043,208
                
                
                
                4,037,244Reserve
      funds
                
                
                1,874,970
                
                
                
                1,073,349Retained
      earnings
                
                
                5,295,496
                
                
                
                1,583,331Accumulated
      other comprehensive income
                
                
                720,415
                
                
                
                529,819Total
      Shareholders' Equity
                
                
                11,934,135
                
                
                
                7,223,789Total
      Liabilities and Shareholders' Equity
                
                $
                25,004,207
                
                
                $
                21,649,591*:
      As restated to show recapitalization.See
      notes to consolidated financial statements.
  F-2


CHINA
SWINE GENETICS, INC. (F/K/A APOGEE ROBOTICS, INC.) AND SUBSIDIARIES


CONSOLIDATED
STATEMENTS OF OPERATIONS




For
      The Fiscal Years Ended June 30,2009
              
              
              2008Revenues
              
              $
              50,392,533
              
              
              $
              10,331,062Cost
      of Goods Sold
              
              
              41,611,814
              
              
              
              7,635,934Gross
      Profit
              
              
              8,780,719
              
              
              
              2,695,128Operating
      ExpensesSelling
      expenses
              
              
              1,700,553
              
              
              
              313,431General
      and administrative expenses
              
              
              619,490
              
              
              
              123,570Bad
      debt for advanced to suppliers
              
              
              1,003,691
              
              
              
              40,433Total
      Operating Expenses
              
              
              3,323,734
              
              
              
              477,434Income
      From Operating
              
              
              5,456,985
              
              
              
              2,217,694Other
      Income (Expense)Interest  (expense),
      net
              
              
              (25,128
              )
              
              
              (13,104
              )Other
      income (expense), net
              
              
              19,893
              
              
              
              (1,995
              )Loss
      on fixed assets disposal
              
              
              (606,179
              )
              
              
              (283,517
              )Loss
      on inventory disposal
              
              
              (762,185
              )
              
              
              (111,036
              )Total
      Other Expense
              
              
              (1,373,599
              )
              
              
              (409,652
              )Income
      Before Income Taxes
              
              
              4,083,386
              
              
              
              1,808,042Income
      Tax Provision
              
              
              -
              
              
              
              -Income
      before Minority Interest
              
              
              4,083,386
              
              
              
              1,808,042Minority
      Interest
              
              
              (430,400
              )
              
              
              (74,511
              )Net
      Income
              
              $
              4,513,786
              
              
              $
              1,882,553Other
      Comprehensive Income:Foreign
      Currency Translation Gain
              
              
              190,596
              
              
              
              529,819Comprehensive
      Income
              
              $
              4,704,382
              
              
              $
              2,412,372Net
      Income Per Common Share-
      Basic
              
              $
              108.97
              
              
              $
              45.45-
      Diluted
              
              $
              0.23
              
              
              $
              0.10Weighted
      Common Shares Outstanding *-
      Basic
              
              
              41,423
              
              
              
              41,423-
      Diluted
              
              
              19,400,004
              
              
              
              19,400,004*:
      As restated to show recapitalization.See
      notes to consolidated financial statements.


F-3


CHINA
SWINE GENETICS, INC. (F/K/A APOGEE ROBOTICS, INC.) AND SUBSIDIARIES


CONSOLIDATED
STATEMENTS OF STOCKHOLDERS' EQUITY AND COMPREHENSIVE INCOME


FOR
THE FISCAL YEARS ENDED JUNE 30, 2009 AND 2008




Series
      A Convertible
                Preferred
      Stock
              
              
              Common
      stock
              
              
              Additional
                Paid-in
              
              
              Reserve
              
              
              Retained
                Earning
      /
                (Accumulated
              
              
              Accumulated
                Other
                Comprehensive
              
              
              Total
                Shareholders'Shares
              
              
              Amount
              
              
              Shares
              
              
              Amount
              
              
              Capital
              
              
              Fund
              
              
              Deficits)
              
              
              Income
              
              
              EquityBalance
      as of June 30, 2007
              
              
              -
              
              
              $
              -
              
              
              
              100,000
              
              
              $
              100
              
              
              $
              -
              
              
              $
              -
              
              
              $
              -
              
              
              $
              -
              
              
              $
              100Acquired
      Senyu on February 28, 2008
              
              
              -
              
              
              
              -
              
              
              
              -
              
              
              
              -
              
              
              
              4,037,190
              
              
              
              774,127
              
              
              
              -
              
              
              
              -
              
              
              
              4,811,317Net
      Income
              
              
              -
              
              
              
              -
              
              
              
              -
              
              
              
              -
              
              
              
              -
              
              
              
              -
              
              
              
              1,882,553
              
              
              
              -
              
              
              
              1,882,553Appropriation
      of Reserve Funds
              
              
              -
              
              
              
              -
              
              
              
              -
              
              
              
              -
              
              
              
              -
              
              
              
              299,222
              
              
              
              (299,222
              )
              
              
              -
              
              
              
              -Foreign
      Currency Translation Gain
              
              
              -
              
              
              
              -
              
              
              
              -
              
              
              
              -
              
              
              
              -
              
              
              
              -
              
              
              
              -
              
              
              
              529,819
              
              
              
              529,819Recapitalization
      after Merged with Advanced Swine
              
              
              4,646
              
              
              
              5
              
              
              
              (58,577
              )
              
              
              (59
              )
              
              
              54
              
              
              
              -
              
              
              
              -
              
              
              
              -
              
              
              
              -Balance
      as of June 30, 2008
              
              
              4,646
              
              
              $
              5
              
              
              
              41,423
              
              
              $
              41
              
              
              $
              4,037,244
              
              
              $
              1,073,349
              
              
              $
              1,583,331
              
              
              $
              529,819
              
              
              $
              7,223,789Net
      Income
              
              
              -
              
              
              
              -
              
              
              
              -
              
              
              
              -
              
              
              
              -
              
              
              
              -
              
              
              
              4,513,786
              
              
              
              -
              
              
              
              4,513,786Compensation
      with Stock
              
              
              -
              
              
              
              -
              
              
              
              -
              
              
              
              -
              
              
              
              5,964
              
              
              
              -
              
              
              
              -
              
              
              
              -
              
              
              
              5,964Appropriation
      of Reserve Funds
              
              
              -
              
              
              
              -
              
              
              
              -
              
              
              
              -
              
              
              
              -
              
              
              
              801,621
              
              
              
              (801,621
              )
              
              
              -
              
              
              
              -Foreign
      Currency Translation Gain
              
              
              -
              
              
              
              -
              
              
              
              -
              
              
              
              -
              
              
              
              -
              
              
              
              -
              
              
              
              -
              
              
              
              190,596
              
              
              
              190,596Balance
      as of June 30, 2009
              
              
              4,646
              
              
              $
              5
              
              
              
              41,423
              
              
              $
              41
              
              
              $
              4,043,208
              
              
              $
              1,874,970
              
              
              $
              5,295,496
              
              
              $
              720,415
              
              
              $
              11,934,135See
      notes to consolidated financial statements.


F-4




CHINA
SWINE GENETICS, INC. (F/K/A APOGEE ROBOTICS, INC.) AND SUBSIDIARIES


CONSOLIDATED
STATEMENTS OF CASH FLOWS





For
      The Fiscal Years Ended June 30,2009
                
                
                2008Cash
      Flows From Operating ActivitiesNet
      Income
                
                $
                4,513,786
                
                
                $
                1,882,553Adjustments
      to Reconcile Net Income to Net CashProvided
      by (Used in) Operating ActivitiesDepreciation
      and amortization
                
                
                869,651
                
                
                
                362,683Bad
      debt adjustment
                
                
                1,003,691
                
                
                
                40,433Welfare
      fee adjustment
                
                
                10,131
                
                
                
                -Minority
      Interest
                
                
                (430,400
                )
                
                
                (74,511
                )Compensation
      with stock
                
                
                5,964
                
                
                
                -Loss
      on disposal of fixed assets
                
                
                606,179
                
                
                
                283,517Loss
      on disposal of inventory
                
                
                762,185
                
                
                
                111,036Changes
      in operating assets and liabilities:Accounts
      receivable
                
                
                (631,587
                )
                
                
                (335
                )Inventories
                
                
                (718,236
                )
                
                
                229,472Advanced
      to suppliers
                
                
                (5,274,540
                )
                
                
                (8,414,682
                )Prepayments
      and other current assets
                
                
                14,656
                
                
                
                128,964Accounts
      payable and accrued expenses
                
                
                280,929
                
                
                
                (28,279
                )Customer
      deposit
                
                
                4,270
                
                
                
                (110,760
                )Deferred
      interest income
                
                
                (24,042
                )
                
                
                (20,662
                )Other
      current liabilities
                
                
                (28,306
                )
                
                
                (100,387
                )Net
      Cash Provided by (Used in) Operating Activities
                
                
                964,331
                
                
                
                (5,710,958
                )Cash
      Flows From Investing ActivitiesPayment
      for purchase of equipment
                
                
                (5,706
                )
                
                
                (209,131
                )Payment
      for construction in progress
                
                
                (12,333
                )
                
                
                (42,555
                )Proceeds
      from sale of  property and equipment
                
                
                72,739
                
                
                
                146,649Proceeds
      the repayment of loans by related parties
                
                
                -
                
                
                
                3,016,401Proceeds
      the repayment of loans by unrelated parties
                
                
                -
                
                
                
                1,587,017Net
      Cash Provided by  Investing Activities
                
                
                54,700
                
                
                
                4,498,381Cash
      Flows From Financing ActivitiesProceeds
      from loans payable
                
                
                495,118
                
                
                
                646,026Repayment
      of loans payable
                
                
                (1,501,803
                )
                
                
                -Proceeds
      from shareholder for subsidiary acquisition
                
                
                -
                
                
                
                233,456Payments
      for loans to shareholders/officers
                
                
                (174,748
                )
                
                
                (18,384
                )Proceeds
      the repayment of loans by shareholders/officers
                
                
                95,452
                
                
                
                10,843Net
      Cash (Used in) Provided by Financing Activities
                
                
                (1,085,981
                )
                
                
                871,941Net
      Decrease in Cash and Equivalents
                
                
                (66,950
                )
                
                
                (340,636
                )Effect
      of Exchange Rate Changes on Cash
                
                
                9,534
                
                
                
                480,906Cash
      and Equivalents at Beginning of Period
                
                
                140,270
                
                
                
                -Cash
      and Equivalents at End of Period
                
                $
                82,854
                
                
                $
                140,270SUPPLEMENTAL
      DISCLOSURES OF CASH FLOW INFORMATION:Interest
      paid
                
                $
                32,817
                
                
                $
                10,518Income
      taxes paid
                
                $
                -
                
                
                $
                -SUPPLEMENTAL
      SCHEDULE OF NON-CASH INVESTING ANDFINANCING
      ACTIVITIES:Inventory
      transferred out to be breeding stock in fixed assets
                
                $
                12,411
                
                
                $
                52,721Construction
      in progress transferred out to be fixed assets
                
                $
                128,642
                
                
                $
                -Minority
      shareholders contributed breeding stock
                
                $
                -
                
                
                $
                976,805Shareholder
      loan to the Company to acquire net assets of its
subsidiary
                
                $
                -
                
                
                $
                16,025,071See
      notes to consolidated financial statements.
  F-5





CHINA
SWINE GENETICS, INC. (F/K/A APOGEE ROBOTICS, INC. ) AND
SUBSIDIARIES


NOTES
TO CONSOLIDATED FINANCIAL STATEMENTS


FOR
THE FISCAL YEARS ENDED JUNE 30, 2009 AND 2008





1.
            ORGANIZATION
      AND PRINCIPAL ACTIVITIES




China
Swine Genetics Inc (f/k/a Apogee Robotics Inc) (the "Company") was founded as a
Colorado corporation on June 29, 1983 and was reinstated by Colorado on March
15, 2007. The Company's Board of Directors and shareholders approved a change of
domicile from Colorado to Delaware on December 6, 2007. In connection with the
Company's change of domicile from Colorado to Delaware, the Company's authorized
capital stock was changed to increase the authorized capital stock to
310,000,000 of which 300,000,000 are classified as common stock, par value
$0.001 per share, and 10,000,000 are classified as Preferred Stock, par value
$0.001 per share, issuable in series with such powers, designations, preferences
and relative, participating, optional or other specific rights, and
qualifications, limitations or restrictions thereof, as the Board may fix from
time to time by resolution or resolutions. For at least ten years prior to
August 13, 2009, the Company had not engaged in any business
operations.





On August
13, 2009 China Swine Genetics Inc (f/k/a Apogee Robotics Inc.) acquired all of
the outstanding capital stock of Advanced Swine Genetics, Inc., a Nevada
corporation (“Advanced Swine”). In exchange for the outstanding shares of
Advanced Swine, China Swine Genetics Inc (f/k/a Apogee Robotics Inc.) issued
4,646.05933 shares of its Series A Convertible Preferred Stock to the
shareholders of Advanced Swine (the “Share Exchange”).  Each share of
Series A Preferred Stock is convertible into Four Thousand One Hundred Sixty-Six
and 2⁄3 (4,166.66) shares of China Swine Genetics Inc (f/k/a Apogee Robotics Inc.)
common stock.





As
permitted by Delaware General Corporation Law, in order to better represent the
Company’s business, the Company has adopted a resolution to change the name of
the Company from Apogee Robotics, Inc. to “China Swine Genetics, Inc. on
September 9, 2009.





Advanced
Swine was incorporated under the laws of Nevada on June 29, 2007. It has
initiated no business activity. On February 28, 2008, Advanced Swine acquired
100% ownership equity of Heilongjiang Senyu Animal Husbandry Co., Ltd.
(“Senyu”). Most of Advanced Swine’s activities are conducted through its wholly
own subsidiary in PRC.





Senyu was
incorporated on September 3, 2004, under the law of Heilongjiang Jiamusi
district of People Republic of China (“PRC”). On December 20, 2007, Advanced
Swine signed a stock transfer agreement with Senyu, which contemplated that it
would acquire all the ownership interest in Senyu. The certificate of approval
for Senyu to accept foreign investment in PRC was issued on February 4, 2008 by
the Investment Promotion Bureau of Heilongjiang Province, and the updated
operation certificate of Senyu with the new shareholder’s name was issued on
February 28, 2008 by Jiamusi Administration for Industry and Commerce. As a
result, Senyu became a foreign wholly owned enterprise on February 28,
2008.





Senyu was
originally founded with registered capital of $1,208,211(equivalent to RMB10
million) on August 27, 2004 and increased its registered capital to $6,165,762
(equivalent to RMB50 million) and $9,933,896 (equivalent to RMB80 million) on
January 18 and August 29, 2006, respectively.





Senyu
remained development stage and incurred minor selling expenses and significant
general and administrative expenses prior to September, 2005. In September 2005,
Senyu accepted its first sales order of merchandise hogs and genetic boars that
rose by it, and operated its business as farmer enterprises for breeding,
feeding, and marketing the grandparent and parent generation boars, and
merchandise hogs.





F-6





In
December 2005, Senyu established a joint venture with Polar Genetics Co., Ltd.,
Canada (the “foreign partner”, a Canada corporation) called Sino-Canadian
Senyu-Polar Swine Genetics Company Limited (“Sino-Canadian”) with expected
registered capital of $2,068,368 (equivalent to RMB16.7
million).  According to the joint venture agreement, Senyu and its
foreign partner are required to contribute $1,238,543 (equivalent RMB10 million)
and 600 primary genetic boars worth $829,825 (equivalent RMB6.7 million) in
order to own 60% and 40% of the joint venture, respectively. This joint venture
had been approved by Heilongjiang government on March 30, 2006, and the actual
capital $1,246,028 (equivalent RMB10 million) was contributed by Senyu on May
22, 2006. Its foreign partner did not contribute 600 primary genetic boars worth
$891,788 (equivalent RMB6.7 million) until October 12, 2007. Since China custom
did not quarantine those primary genetic boars, complete the fully inspection,
and release them to the Sino-Canadian until November 27, 2007, accordingly,
Senyu fully owned this joint venture until November 27, 2007. This joint venture
remained development stage and incurred start-up cost prior to November, 27,
2007.








2.
            BASIS
      OF PRESENTATION




a.
Fiscal year




The
fiscal year of the Company ends on June 30. The accompanying consolidated
financial statements of operations, statements of shareholders’ equity and
comprehensive income, and cash flows include activities for the fiscal years
ended June 30, 2009, and 2008.





b.
Principle of consolidation




The
accompanying consolidated financial statements present the financial position,
results of operations and cash flows of the Company and all entities in which
the Company has a controlling voting interest. The consolidated financial
statements also include the accounts of any variable interest entities in which
the Company is considered to be the primary beneficiary and such entities are
required to be consolidated in accordance with accounting principles generally
accepted in the United States (“US GAAP”). These consolidated financial
statements include the financial statements of China Swine Genetics, Inc (f/k/a
Apogee Robotics, Inc.) and its subsidiaries. All significant intercompany
transactions and balances are eliminated in consolidation.





The
accompanying consolidated financial statements are prepared in accordance with
US GAAP. This basis of accounting differs from that used in the statutory
accounts of some of the Company’s subsidiaries, which were prepared in
accordance with the accounting principles and relevant financial regulations
applicable to enterprises with foreign investment in the PRC (“PRC GAAP”).
Necessary adjustments were made to the Subsidiary’s statutory accounts to
conform to US GAAP to be included in these consolidated financial
statements.





3.
            SUMMARY
      OF SIGNIFICANT ACCOUNTING POLICIES




a.
            Use
      of estimates


The
preparation of consolidated financial statements in conformity with accounting
principal generally accepted in United States requires management to make
estimates and assumptions that affect the amount reported in the consolidated
financial statements and the accompany notes. Significant estimates in 2009 and
2008 include the estimated useful lives and fair values of the assets. Actual
results could differ from those estimates.





F-7





b.
            Cash
      and equivalents


The
Company considers all highly liquid investments with an original maturity of
three months or less to be cash equivalents. The carrying value of cash
equivalents approximates market value.





c.
            Accounts
      receivable


Accounts
receivable are recognized and carried at original invoice amount less allowance
for any uncollectible amounts. An estimate for doubtful accounts is made when
collection of the full amount is no longer probable. As of fiscal years ended
June 30, 2009 and 2008, the Company had not recorded the allowance for
uncollectible accounts.





d.
            Inventories


Inventories
are stated at the lower of cost or market. Cost of raw materials is determined
on a first-in, first-out basis (“FIFO”). Finished goods are determined on the
weighted average basis and are comprised of direct materials, direct labor and
an appropriate proportion of overhead.





e.
            Advanced
      to suppliers, net


Advanced
to suppliers are recognized and carried at the original amount advanced to
suppliers less allowance for any uncollectible amounts. The Company provides an
allowance for doubtful accounts equal to the estimated losses that will be
incurred in the collection of all advances to suppliers. The estimated losses
are based on a review of the current status of the existing advance amount. The
allowances for doubtful accounts were $1,003,691 and $40,433 for the fiscal
years ended June 30, 2009 and 2008, respectively.





f.
            Property,
      plant, equipment and breeding stock


Depreciation
of property, plant, equipment, and breeding stock is computed using the
straight-line method over the estimated useful lives of assets as
follows:




YearsLand
      improvements
              10
      yearsLeasehold
      improvements
              Lower
      of term of lease or 5 yearsBuildings
              10
      yearsMachinery
      and equipment
              3
      years to 10 yearsBreeding
      stock
              3
      years to 5 years





Repairs
and maintenance expenditures which do not extend the useful lives of the related
assets are expensed as incurred, whereas significant renewals and betterments
are capitalized.





The cost
and related accumulated depreciation of assets sold or otherwise retired are
eliminated from the accounts and any gain or loss is included in the statements
of operations.





g.     Impairment
of long-term assets


Long-lived
assets, primarily property, plant and equipment, are reviewed for impairment
whenever events or changes in circumstances indicate that the carrying value may
not be recoverable. Recoverability of assets to be held and used is measured by
a comparison of the carrying value of the asset to future net cash flows
expected to be generated by the asset. If such assets are considered to be
impaired, the impairment to be recognized is measured by the amount by which the
carrying value of the assets exceeds the fair value of the assets. Assets to be
disposed of are reported at the lower of the carrying value or fair value less
costs to sell.





F-8





h.     Revenue
recognition


Revenues
from products sales are recorded when both title to the goods and risk of
ownership had transferred to the customer upon shipment, provided that no
significant obligations remain. Net sales reflect units shipped at selling
prices reduced by certain sales allowance.





i.      Shipping costs


The
shipping and handling costs for purchased goods are allocated to cost of sales
in the accompanying statement of operations for all periods presented. Shipping
costs were $0 and $1,216 for the fiscal years ended June 30, 2009 and 2008,
respectively.





j.      Advertising
costs


Advertising
costs are charged to operations when incurred and are included in operating
expenses. Advertising expenses were $3.063 and $4,312 for the fiscal years ended
June 30, 2009 and 2008, respectively.





k.     Research,
development, and engineering costs


Research,
development, and engineering costs are expensed as incurred in accordance with
SFAS No. 2 “Accounting for Research and Development Costs”. Research,
development, and engineering expenses primarily include payroll, contractor
fees, and administrative expenses directly related to research and development
support.





l.
            Fair
      value of financial instruments


The
carrying amounts of cash and equivalents, accounts receivable, advance to
suppliers, prepayments and other current assets, accounts payable and accrued
expenses, customer deposit, and other current liabilities approximate their fair
value because of the immediate or short-term maturity of these financial
instruments.





m.
            Employee
      welfare benefit


The
company has established an employee welfare plan in accordance with Chinese law
and regulations. The company makes annual pre-tax contributions of 14% of all
employees’ salaries. Commencing from January, 2008, per China Regulation, the
Company should recognize the welfare expenses when occurred instead of accrued.
The total expense for the above plan amounted to $13,023 and $0 for the fiscal
years ended June 30, 2009 and 2008, respectively.





n.     Foreign
currency translation


The
accompanying consolidated financial statements are presented in United States
dollars. The company’s functional currency is the Renminbi (“RMB”). The
consolidated financial statements are translated to U.S. dollars using year-end
rates of exchange for assets and liabilities, average rates of exchange for the
period for revenues, costs, and expenses, and historical capital contribution
rate of exchange for capital contribution. Net gains and losses resulting from
foreign exchange transactions are included in the statements of
operations.





The
following rates are used in translating the RMB to the U.S. Dollar presentation
disclosed in these consolidated financial statements for the fiscal years ended
June 30, 2009 and 2008.




For
      The Fiscal Years Ended June 30,2009
                
                
                2008Assets
      and liabilities
                the
      fiscal year ended rate of US
                
                $
                0.14640
                
                
                $
                0.14579
                
                /RMBRevenue
      and expenses
                average
      rate of US
                
                $
                0.14629
                
                
                $
                0.14309
                
                /RMB
  F-9


o.     Government
grant


In 2006,
the Jiamusi P. R. China Government launched the “Farmers Comprehensive
Development Project”, and allocated government grants to encourage the
development of hog genetic quality improvement technologies. For the fiscal
years ended June 30, 2009 and 2008, the Company received $7,314 (equivalent to
RMB50,000) and $0 government grants under the Farmers Comprehensive Development
Project, respectively.





p.
            Income
      taxes


Income
taxes represent the tax effects of transactions from changes in current taxes
due and in deferred taxes. Deferred taxes arise from differences between the
basis of assets and liabilities for financial and income tax reporting. Deferred
tax assets and liabilities represent future tax consequences of those
differences, which will either be taxable or deductible when the assets and
liabilities are recovered or settled.





In
accordance with the relevant tax laws and regulations of the PRC, the business
of agricultural breeding is exempt from Value Added Tax (“VAT”). Since the
Company is a agricultural enterprise, which bred the hogs and sell them, it was
entitled to be exempt from VAT. Accordingly, the Company was not subject to VAT
for the fiscal years ended June 30, 2009 and 2008.





In
addition, based upon the investment encouragement policy of Heilongjiang Jiamusi
Local government, the Company was entitled to be fully exempt from Corporation
Income Tax (“CIT”) for the first two years and a 50% reduction in CIT for the
next three years, commencing from the first profitable year after offsetting all
tax losses carried forward from the previous years. Since the fiscal year ended
June 30, 2007 was the Company’s first profitable year, the Company was not
subject to CIT in Heilongjiang Jiamusi,  P. R. China for the fiscal
years ended June 30, 2007.





Commencing
from January 2008, per PRC tax laws and regulations, the business of
agricultural breeding of livestock was exempt from CIT. As a result, the Company
was not subject to CIT for the fiscal years ended June 30, 2009 and 2008,
respectively.





The
Company was not subject to federal or state income taxes in the United States,
since the Company did not have any net income in USA, and its China subsidiaries
did not declare or pay any dividend on their common stock within the past three
years, and do not foresee doing so in the foreseeable future.  The
Company’s China subsidiaries intend to retain any future earnings for the
operation and expansion of the business.  Any decision as to future
payment of dividends will depend on the available earnings, the capital
requirements of the Company, its general financial condition and other factors
deemed pertinent by the Board of Directors.




q.     Comprehensive
income


SFAS 130,
“Reporting Comprehensive Income”, defines comprehensive income to include all
changes in equity except those resulting from investments by owners and
distributions to owners and requires that the period’s comprehensive income, its
components and accumulated balances be disclosed. Among other disclosures, SFAS
130 requires that all items that are required to be recognized under current
accounting standards as components of comprehensive income be reported in a
financial statement that is presented with the same prominence as other
consolidated financial statements. The Company’s only current component of
comprehensive income is the foreign currency translation
adjustment.





F-10




r.      Basic
and diluted net income per share


The
Company accounts for net income per common share in accordance with SFAS 128,
“Earnings per Share” (“EPS”).  SFAS 128 requires the disclosure of the
potential dilution effect of exercising or converting securities or other
contracts involving the issuance of common stock. Basic net income per share is
determined based on the weighted average number of common shares outstanding for
the period.  Diluted net income per share is determined based on the
assumption that all dilutive convertible shares and stock options were converted
or exercised into common stock.




s.     
Segment Reporting


SFAS 131,
“Disclosure about Segments of an Enterprise and Related Information”, requires
disclosure of reportable segments used by management for making operating
decisions and assessing performance.  Reportable segments are
categorized by products and services, geography, legal structure, management
structure, or any other manner in which management disaggregates a
company.  SFAS 131 has no effect on the Company’s consolidated
financial statements as substantially all of the Company’s operations are
conducted in one industry segment, which is farmer enterprise breeding, feeding,
and marketing genetic boars and commercial hogs.





t.     
Stock-Based Compensation


The
Company measures compensation expense for its non-employee stock-based
compensation under the Financial Accounting Standards Board (FASB) Emerging
Issues Task Force (EITF) Issue No. 96-18, “Accounting for Equity Instruments
that are Issued to Other Than Employees for Acquiring, or in Conjunction with
Selling, Goods or Services.  The fair value of the option
issued is used to measure the transaction, as this is more reliable than the
fair value of the services received.  Fair value is measured as the
value of the Company’s common stock on the date that the commitment for
performance by the counterparty has been reached or the counterparty’s
performance is complete.  The fair value of the equity instrument
is charged directly to compensation expense and additional paid-in
capital.





u.    
 New accounting pronouncements


In
June 2009, the FASB issued SFAS 168, The FASB Accounting Standards
Codification TM and the Hierarchy of Generally Accepted Accounting Principles –
a replacement of FASB Statement No. 162. The FASB Accounting Standards
Codification TM (“Codification”) will become the source of authoritative U.S.
generally accepted accounting principles (“GAAP”) recognized by FASB to be
applied by nongovernmental entities. Rules and interpretive releases of the SEC
under authority of federal securities laws are also sources of authoritative
GAAP for SEC registrants. On the effective date of SFAS 168, the Codification
will supersede all then-existing non-SEC accounting and reporting standards. All
other non-grandfathered non-SEC accounting literature not included in the
Codification will become non-authoritative. SFAS 168 is effective for financial
statements issued for interim and annual periods ending after September 15,
2009. Adoption of SFAS 168 is not expected to have a material impact on the
Company’s results of operations or financial position.





In
June 2009, the FASB issued SFAS 167, Amendments to FASB Interpretation
No. 46(R), which improves financial reporting by enterprises involved with
variable interest entities. SFAS 167 addresses (1) the effects on certain
provisions of FASB Interpretation No. 46 (revised December 2003),
Consolidation of Variable Interest Entities , as a result of the elimination of
the qualifying special-purpose entity concept in SFAS 166 and (2) concerns
about the application of certain key provisions of FIN 46(R), including those in
which the accounting and disclosures under the Interpretation do not always
provide timely and useful information about an enterprise’s involvement in a
variable interest entity. SFAS 167 shall be effective as of the beginning of
each reporting entity’s first annual reporting period that begins after
November 15, 2009, for interim periods within the first annual reporting
period, and for interim and annual reporting periods thereafter. Earlier
application is prohibited. Adoption of SFAS 167 is not expected to have a
material impact on the Company’s results of operations or financial
position.





F-11





In
May 2009, the FASB issued SFAS 165, Subsequent Events , which establishes
general standards of accounting for and disclosure of events that occur after
the balance sheet date but before financial statements are issued or are
available to be issued. An entity should apply the requirements of SFAS 165 to
interim or annual financial periods ending after June 15, 2009. Adoption of
SFAS 165 did not have a material impact on the Company’s results of operations
or financial position.





4.
            INVENTORIES




Inventories
on June 30, 2009 and 2008 consisted of the following:




As
      of June 30,2009
              
              
              2008Raw
      materials
              
              $
              57,106
              
              
              $
              97,025Work
      in progress
              
              
              615,487
              
              
              
              678,687Finished
      goods
              
              
              326,007
              
              
              
              275,112Total
              
              $
              998,600
              
              
              $
              1,050,824







5.
            ADVANCE
      TO SUPPLIERS, NET




In order to raise good quality
commercial hogs, and control the quality of feeding materials and procedures,
Senyu signed a cooperation agreement with Heilongjiang WangDa Feedstuff Co.,
Ltd. (“WangDa”), a professional feeding materials provider and a collector for
good quality commercial hogs, on October 11, 2007. Pursuant to the terms of the
agreement, Senyu agreed to loan money to WangDa to support WangDa’s farmers
using good quality feedstuffs to raise their commercial hogs, and then sell
those hogs to Senyu once they mature. WangDa can offset the loan amount from
Senyu once it delivered the farmers’ commercial hogs to Senyu. In order to
extend farmer- base production model and acquire significant amounts of hogs in
the near future from WangDa, Senyu loaned the amounts of $21,733,623 (equivalent
to RMB 148,445, 641) to WangDa as of June 30, 2009. Senyu adopted a bad debt
allowance at 5% and 0.5% of the principal amount that advanced to supplier for
the fiscal years ended June 30, 2009 and 2008, respectively. Accordingly, the
bad debt allowances were $1,003,691 and $40,433 as of June 30, 2009 and 2008,
respectively. Including the amount of advance to suppliers of the joint venture,
Sino-Canadian, the Company had total net amount advanced to suppliers as of June
30, 2009 and 2008 consisted of the following:




As
      of June 30,2009
              
              
              2008Advanced
      to suppliers
              
              
              21,741,485
              
              
              
              16,376,893Less:
      Accumulated bad debt allowance
              
              
              1,086,681
              
              
              
              81,884Advanced
      to suppliers, net
              
              
              20,654,804
              
              
              
              16,295,009





Senyu
also signed a supplementary agreement with WangDa on December 12, 2008 to secure
Senyu’s loan to WangDa. Pursuant to the supplementary agreement, once WangDa
breached the term of cooperation agreement, Senyu can execute the following
rights to secure its loans to WangDa: (1) step into WangDa’s shoes with no other
condition, and acquire all creditor’s right of WangDa from contracted farmers,
(2) If these creditor’s rights still could not satisfy the loss from Senyu, then
Senyu will have a creditor’s right on WangDa’s assets, these assets include and
not limited to the building, equipment, and working capital of
WangDa.





F-12





Senyu has
renewed corporation agreement with WangDa effective January 1, 2009, SenYu still
finances WangDa, with fixed profit margins set by SenYu, and WangDa in turn
finances the farmers, providing fodder on credit at discount rates obtained
through volume purchasing power. WangDa also guarantees the repurchase of mature
hogs that meet SenYu’s quality standards. Once WangDa breached the term of
cooperation agreement, Senyu can still execute the above rights to secure its
loans to Wangda.





6.
            PREPAYMENTS
      AND OTHER CURRENT ASSETS





As of
June 30, 2009 and 2008, prepayments and other current assets consisted of the
following:




As
      of June 30,2009
              
              
              2008Prepaid
      rent
              
              $
              46,263
              
              
              $
              79,066Advance
      to employees
              
              
              39,313
              
              
              
              53,378Other
      receivable
              
              
              61,213
              
              
              
              28,393Total
              
              $
              146,789
              
              
              $
              160,837





7.
            PROPERTY,
      PLANT, EQUIPMENT, AND BREEDING
STOCK





Property,
Improvements, Equipment, and Breeding Stock, less accumulated depreciation,
consisted of the following:




As
      of June 30,2009
              
              
              2008Land
      improvements
              
              $
              278,173
              
              
              $
              277,020Leasehold
      improvements
              
              
              65,533
              
              
              
              65,261Buildings
              
              
              1,763,151
              
              
              
              1,755,849Machinery
      and equipment
              
              
              687,065
              
              
              
              551,405Breeding
      stock
              
              
              866,821
              
              
              
              2,239,822Sub-Total
              
              
              3,660,743
              
              
              
              4,889,357Less:
      Accumulated depreciation
              
              
              1,174,133
              
              
              
              1,005,771Total
              
              $
              2,486,610
              
              
              $
              3,883,586


Depreciation
expenses for the fiscal years ended June 30, 2009 and 2008 were $869,651 and
$362,683 respectively. Loss on disposal of fixed assets for the fiscal years
ended June 30, 2009 and 2008 were $606,179 and $283,517
respectively.





8.
            LOANS
      PAYABLE





Loans
payable as of June 30, 2009 and, 2008 consisted of the following:





F-13


Loans
      payable, net, current maturities
                
                As
      of June 30,2009
                
                
                2008On
      December 1 and 16, 2005, the Company obtained loans in amounts
      of RMB2.8 million (equivalent to $409,915 and $408,218 as of June 30,
      2009 and 2008, respectively) and RMB0.7 million (equivalent to $102,479
      and $102,054 as of June 30, 2009 and 2008, respectively) from Jiamusi
      Government Financial Bureau ("JGFB") by pledging certain buildings in
      Huanan, which have carrying value approximately RMB2.6 million (equivalent
      to $380,635 ). The term of debt was originally from October 31, 2005 to
      2007. Since the Company is an agricultural enterprise and its business is
      supported by the Chinese Government, these loans did no bear interest, and
      the original due date had been extended to December 31, 2008. Furthermore,
      before December 31, 2008, the due dates of these loans had been
      rescheduled to December 31, 2009.
                
                $
                512,394
                
                
                $
                510,272On
      April 20 and September 25, 2007, the subsidiary of the Company,
      Sino-Canadian, obtained loans in amounts of RMB1.5 million (equivalent to
      $219,597 and $218,688 as of June 30, 2009 and 2008, respectively) and
      RMB0.5 million (equivalent to $73,199 and $72,895 as of June 30, 2009 and
      2008, respectively) from TangYuan Government Financial Bureau ("TGFB") by
      pledging certain buildings in Heijinhe, which have carrying value
      approximately RMB5.1 million (equivalent to $746,630 ). The term of debt
      was originally from January 1, 2007 to December 31, 2008. Since the
      Chinese government supports the Company's business, these loans did not
      bear interest and all of their due dates had been extended to December 31,
      2009.
                
                
                292,796
                
                
                
                291,583On
      May 9, 2007, the Company obtained a loan in amount of RMB2 million
      (equivalent to $292,796 and $291,583 as of June 30, 2009 and 2008,
      respectively) from JGFB by pledging certain buildings in Huanan, which
      have carrying value of approximately RMB1.5 million (equivalent to
      $219,597 ). The term of debt was originally from January 1, 2007 to
      December 31, 2008. Since the government support the Company's
      business, this loan did not bear interest and the due date had been
      extended to December 31, 2009 by JGFB on June 16, 2008.
                
                
                292,796
                
                
                
                -On
      September 27, 2007, the subsidiary of the Company,
      Sino-Canadian, obtained a short-term loan of RMB3 million (equivalent
      to $437,375) from the Jiamusi branch of China Agriculture Development
      Bank. This loan had been guarantied by the Company. The interest rate for
      this loan is 7.29% per year, and due on September 26, 2008. This loan had
      been fully paid off in September 2008.
                
                
                -
                
                
                
                437,375Commencing
      from May 2008, the subsidiary of the Company, Sino-Canadian, borrowed
      certain short-term loans from Mr. Zhifeng Wang, an unrelated party. These
      short-term loans were accumulated to the amounts of RMB7,258,348.10
      (equivalent to $1,062,996 ) and RMB3,876,348 (equivalent to $565,139) as
      of November 27, 2008 and June 30, 2008. The interest rate of these loans
      is 8% per year, and these loans had been fully paid off on November
      28, 2008.
                
                
                -
                
                
                
                565,139Total
      loans payable, current maturities
                
                $
                1,097,986
                
                
                $
                1,804,369Less:
      discount on loans payable, current
                
                
                29,077
                
                
                
                26,777Total
      loans payable, net, current maturities
                
                $
                1,068,909
                
                
                $
                1,777,592Loans
      payable, net, less current maturities
                
                As
      of June 30,2009
                
                
                
                2008On
      May 9, 2007, the Company obtained a loan in amount of RMB2 million
      (equivalent to $292,670 and $291,583 as of June 30, 2009 and 2008,
      respectively) from JGFB by pledging certain buildings in Huanan, which
      have carrying value approximately RMB1.5 million (equivalent to $220,916
      ). The term of debt was from January 1, 2007 to December 31, 2008. Since
      the government supports the Company's business, this loan did not
      bear interest and the due date had been extended to December 31, 2009 by
      JGFB on June 16, 2008.
                
                $
                -
                
                
                $
                291,583Total
      loans payable, less current maturities
                
                $
                -
                
                
                
                291,583Less:
      discount on loans payable,  less current
    maturities
                
                
                -
                
                
                
                26,222Total
      loans payable, net, less current maturities
                
                $
                -
                
                
                $
                265,361
  F-14


9.
            LOANS
      FROM SHAREHOLDERS/OFFICERS, NET





Amounts
loaned by shareholders/officers are unsecured, non-interest bearing, and have no
set repayment date. As of June 30, 2009 and 2008, the total net amounts of loans
from the shareholders/officers were $11,024,211 and $11,210,263, respectively,
which represented the net amounts lent by shareholders/officers to the
Company.








10.
            COMMITMENTS





The
Company enters into forward commercial hog sales contracts with its major
customers to decrease its market risk in the ordinary course of business. The
Company utilizes forward contracts to establish adequate sales to minimize the
risk of market fluctuations. The Company continually monitors its overall market
position and fair value. The contracts information listed as
follows:




Contract
      #
              
              Sales
      Contracts
              
              Client's
      Name
              
              Contract
      Term
              
              Sales
      Quantities1
              
              Merchandise
      hogs sales
              
              Beijing
      Da Hongmen
              
              from
      September 28, 2008
              
              80
      thousand hogs per yearto
      September 28, 20092
              
              Merchandise
      hogs sales
              
              Beijing
      Fifth Meat Processing Factory
              from
      August 29, 2008
              
              150
      thousand hogs per yearto
      August 28, 2009Sales
      Price
              
              Hog
      Average Weight
              
              Hogs
      Quality
              
              Penalty1
              
              market
      value in Beijing area
              From
      75 to 90kg
              
              second
      or/and third generation
              1%
      penalty if the merchandisesof
      merchandise hogs
              
              hogs
      delivered late2
              
              market
      value in Beijing area
              
              From
      75 to 90kg
              
              second
      or/and third generation
              1%
      penalty if the merchandisesof
      merchandise hogs
              
              hogs
      delivered late








The
Company leases office space, employee living space, and certain pigsties under
non-cancelable operating leases. The rental expenses under operating leases were
$183,912 and $45,677 in the fiscal years ended June 30, 2009 and 2008,
respectively. Future minimum rental commitments on June 30, 2009, are as
follows:




For
      The Fiscal Years Ending June 30,
              
              
              Amount2010
              
              
              $
              186,1532011
              
              
              
              97,8522012
              
              
              
              4,5122013
              
              
              
              1,8952014
              
              
              
              1,895Thereafter
              
              
              
              29,280Total
      minimum payments required
              
              $
              321,587  F-15


11.
            STOCKHOLDERS’
      EQUITY





a.           Series
A Convertible Preferred Stock





In
exchange for the outstanding shares of Advanced Swine, the Company issued
4,646.05933 shares of its Series A Convertible Preferred Stock to the
shareholders of Advanced Swine (the “Share Exchange”).  Each share of
Series A Preferred Stock is convertible into Four Thousand One Hundred Sixty-Six
and 2⁄3 (4,166.66) shares of common stock of China Swine Genetics, Inc. (f/k/a
Apogee Robotics, Inc.). There were 4,800 shares of Series A Preferred Shares
authorized, with par value $0.001 per share, as of June 30, 2009 and 2008,
respectively.





Upon
completion of the Share Exchange, there were 4,646.05933 outstanding shares of
Series A Convertible Preferred Stock that are convertible into 19,358,581 shares
of common stock.  The Series A Preferred Shares have voting rights
equal to the number of common shares into which they are
convertible.





If
a dividend is declared, the holder of Series A Convertible Preferred Stock will
be entitled to participate in the dividend as if the shares had been converted
to common stock.  In the event of a liquidation of China Swine
Genetics, Inc. (f/k/a Apogee Robotics, Inc), the holder of each share of Series
A Convertible Preferred Stock will receive $.01 per share, then participate in
the liquidation as if the Series A shares had been converted to common
stock.  The holder of Series A Preferred Shares has voting rights
equal to the number of common shares into which the Series A shares are
convertible.  China Swine Genetics, Inc. (f/k/a Apogee Robotics, Inc)
may redeem the Series A Convertible Preferred Stock for a price of $.01 per
share at any time when there is sufficient authorized common stock for
conversion of the Series A shares.





b.           Preferred
Stock





The Board
of Directors of the Company is authorized to designate the preferred stock
in classes, and to determine the rights, privileges and limitations of the
shares in each class. There were 9,995,200 share of Preferred Stock authorized,
par value $0.001 per share, and zero share of Preferred Stock outstanding and
issued as of June 30, 2009 and 2008, respectively.





c. Common
Stock





After thechange of domicile
from Colorado to Delaware on December 6, 2007, the Company had 300,000,000
authorized shares common stock, with par value $0.001 per share. After
recapitalization, the Company had 41,423 shares of common stock outstanding and
issued as of June 30, 2009 and 2008, respectively.





Holders
of the Company are entitled to one vote for each share in the election of
directors and in all other matters to be voted on by the
stockholders.  There is no cumulative voting in the election of
directors.  Holders of Common Stock are entitled to receive such
dividends as may be declared from time to time by the Board of Directors with
respect to the Common Stock out of funds legally available therefore and, in the
event of liquidation, dissolution or winding up of the Company, to share
proportionally in all assets remaining after payment of
liabilities.  The holders of Common Stock have no pre-emptive or
conversions rights and are not subject to further calls or
assessments.  There are no redemption or sinking fund provisions
applicable to the Common Stock.





F-16





d. Reverse
Stock Split





Effective
on September 30, 2009 the Company implemented a reverse split of its common
stock.No fractional
shares or scrip were issued; rather, in the case of each shareholder who held
less than one whole share or held 100 or more shares after the Reverse Split,
the Company will purchase any fractional share resulting from the Reverse Split
for $5.28 per share.  In the case of each shareholder who would
otherwise hold at least one but fewer than 100 shares as a result of the Reverse
Split, the Company will issue a number of shares equal to the difference between
the shares held by the shareholder and 100, so that each such shareholder will
own 100 whole shares.




All
presentations regarding outstanding common stock in these financial statements
have been adjusted to reflect the reverse stock split as if it had occurred on
July 1, 2007.




e. Additional
Paid-In Capital





The
additional paid-in capital represents the excess of the aggregate fair value of
the capital contributed over the par value of the stock issued. There were
$4,043,208 and $4,037,244 additional paid-in capital as of fiscal years ended
June 30, 2009 and 2008, respectively.








12.
            CONCENTRATION
      OF BUSINESS




a.           Financial
Risks




The
Company provides credit in the normal course of business. The Company performs
ongoing credit evaluations of its customers and maintains allowances for
doubtful accounts based on factors surrounding the credit risk of specific
customers, historical trends, and other information.




The
Company advances funds to its supplier, WangDa. The Company also performs
ongoing credit evaluations of its advances and maintains allowances for doubtful
amounts based on factors surrounding the credit risk of its
suppliers.




b.           Major
Customers




The
following summarizes sales to major customers (each represented 10% or more of
the Company’s total sales revenues):


Sales
      to
              
              
              Number
      of
              
              
              Percentage
      ofFor
      The Fiscal Years Ended June 30,
              
              Major
      Customers
              
              
              Customers
              
              
              Total
      Sales Revenue2009
              
              $
              47,506,604
              
              
              2
              
              
              
              94.27%2008
              
              $
              8,617,996
              
              
              1
              
              
              
              83.42%




c. Major
Suppliers





The
following summarizes purchased from major suppliers (each represented 10% or
more of purchased):




Purchase
      from
              
              
              Number
      of
              
              
              Percentage
      ofFor
      The Fiscal Years Ended June 30,
              
              Major
      Suppliers
              
              
              Suppliers
              
              
              Total
      Purchases2009
              
              $
              40,933,450
              
              
              1
              
              
              
              99.64%2008
              
              $
              5,303,377
              
              
              1
              
              
              
              98.83%




F-17




13.
            GEOGRAPHICAL
      RISKS


Since the
Company’s operations and assets are located in the PRC, it is subject to
considerations and risks atypical to those in the United States, including
changes in the political, economic, social, legal, and tax environments in PRC,
as well as changes inflation and interest rates. Changes in laws and regulations
concerning PRC’s purchases and sales genetic boars, and merchandise hogs could
significantly affect the Company’s future operating results and financial
position.








14.
            SUBSEQUENT
      EVENTS





On
September 21, 2009, Mr. Ligang Shang, who had been serving as the sole officer
and sole director of the Company, expanded the size of the Board of Directors to
three, and the Board of Directors had elected Mr. Zhenyu Shang and Mrs. Tongyu
Zhang to serve as the members of the Board of Directors. The Board then elected
Mr. Zhenyu Shang, Mrs. Tongyu Zhang, and Ligang Shang to serve as Chief
Executive Officer, Chief Financial Officer, and Chief Operations Officer,
respectively.








F-18




ITEM
9. CHANGES
IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL
DISCLOSURE





Not applicable.





ITEM
9A. CONTROLS
AND PROCEDURES





(a)           Evaluation of Disclosure Controls and
Procedures.




The term “disclosure controls and
procedures” (defined in SEC Rule 13a-15(e)) refers to the controls and other
procedures of a company that are designed to ensure that information required to
be disclosed by a company in the reports that it files under the Securities
Exchange Act of 1934 (the “Exchange Act”) is recorded, processed, summarized and
reported within required time periods. “Disclosure controls and procedures”
include, without limitation, controls and procedures designed to ensure that
information required to be disclosed by a company in the reports that it files
or submits under the Exchange Act is accumulated and communicated to the
company’s management, including its principal executive and principal financial
officers, or persons performing similar functions, as appropriate to allow
timely decisions regarding required disclosure.




The
Company’s management, with the participation of the Chief Executive Officer and
the Chief Financial Officer, has evaluated the effectiveness of the Company’s
disclosure controls and procedures as of the end of the period covered by this
annual report (the “Evaluation Date”). Based on that evaluation, the Company’s
Chief Executive Officer and Chief Financial Officer have concluded that, as of
the Evaluation Date, such controls and procedures were effective.





(b)           Changes in Internal
Controls.




The term “internal control over
financial reporting” (defined in SEC Rule 13a-15(f)) refers to the process of a
company that is designed to provide reasonable assurance regarding the
reliability of financial reporting and the preparation of financial statements
for external purposes in accordance with generally accepted accounting
principles. The Company’s management, with the participation of the Chief
Executive Officer and Chief Financial Officer, has evaluated any changes in the
Company’s internal control over financial reporting that occurred during the
fourth quarter of the year covered by this annual report, and they have
concluded that there was no change to the Company’s internal control over
financial reporting that has materially affected, or is reasonably likely to
materially affect, the Company’s internal control over financial
reporting.





(c) Management’s Report on Internal
Control over Financial Reporting.




Management
of the Company is responsible for establishing and maintaining adequate internal
control over financial reporting as defined in Rule 13a-15(f) under the
Securities Exchange Act of 1934.  We have assessed the effectiveness
of those internal controls as of June 30, 2009, using the Committee of
Sponsoring Organizations of the Treadway Commission (“COSO”) Internal Control –
Integrated Framework as a basis for our assessment.




41




Because
of inherent limitations, internal control over financial reporting may not
prevent or detect misstatements.  Projections of any evaluation of
effectiveness to future periods are subject to the risk that controls may become
inadequate because of changes in conditions, or that the degree of compliance
with the policies and procedures may deteriorate.  All internal
control systems, no matter how well designed, have inherent
limitations.  Therefore, even those systems determined to be effective
can provide only reasonable assurance with respect to financial statement
preparation and presentation.




A
material weakness in internal controls is a deficiency in internal control, or
combination of control deficiencies, that adversely affects the Company’s
ability to initiate, authorize, record, process, or report external financial
data reliably in accordance with accounting principles generally accepted in the
United States of America such that there is more than a remote likelihood that a
material misstatement of the Company’s annual or interim financial statements
that is more than inconsequential will not be prevented or detected. In the
course of making our assessment of the effectiveness of internal controls over
financial reporting, we identified one material weaknesses in our internal
control over financial reporting.  This material weakness consisted
of:




a.           Lack of expertise in U.S accounting
principles among the personnel in our Chinese
headquarters.  Our books are maintained and our financial
statements are prepared by the personnel employed at our executive offices in
the City of Jiamusi.  Few of our employees have experience or
familiarity with U.S accounting principles.  The lack of personnel in
our Jiamusi office who are trained in U.S. accounting principles is a weakness
because it could lead to improper classification of items and other failures to
make the entries and adjustments necessary to comply with U.S.
GAAP.




Management
is currently reviewing its staffing and their training in order to remedy the
weaknesses identified in this assessment.  To date, we are not aware
of significant accounting problems resulting from these weaknesses; so we have
to weigh the cost of improvement against the benefit of strengthened
controls.  However, because of the above conditions, management’s
assessment is that the Company’s internal controls over financial reporting were
not effective as of June 30, 2009.




This
annual report does not include an attestation report of the Company’s registered
public accounting firm regarding internal control over financial
reporting.  Management’s report was not subject to attestation by the
Company’s registered public accounting firm pursuant to temporary rules of the
Securities and Exchange Commission that permit the Company to provide only
management’s report in this annual report.




ITEM
9B. OTHER
INFORMATION





None.





42




PART
III





ITEM
10. DIRECTORS,
EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE





The
officers and directors of the Company are:





Position/Title
            Age
            Director
      SinceZhenyu
      Shang
            Chairman,
      Chief Executive Officer
            35
            2009Tongyu
      Zhang
            Director/Chief
      Financial Officer
            37
            2009Ligang
      Shang
            Director/Vice
      President/ Chief Operations Officer/Secretary
            49
            2008





The
following sets forth biographical information regarding the Company’s
directors.





Zhenyu Shang.  Mr.
Shang is the founder and chief executive officer of Heilongjiang SenYu Animal
Husbandry Co., Ltd. (“SenYu”), our operating subsidiary.  Mr. Shang
also serves as Chairman of SenYu’s Sino-Canadian joint venture, Heilongjiang
Sino-Canadian SenYu-Polar Swine Genetics Co., Ltd.   Prior to
founding SenYu in 2004, Mr. Shang was employed as Chairman of Heilongjiang SenYu
Real Estate Co., Ltd. a company he founded in 2000.  From 1995 until
2000 Mr. Shang was employed as Chairman of Heilongjiang SenYu Construction and
Machinery Co., Ltd., which he also founded.  In 1991 Mr. Shang was
awarded a bachelor’s degree by the Heilongjiang Administrative Institute of
Politics and Law.  Mr. Shang is the nephew of Ligang Shang, the
Company’s COO and member of the Board.





Tongyu Zhang.  Ms.
Zhang has been employed by SenYu as an accountant since 2004.  Since 2006
she has held the post of Chief Financial Officer for SenYu.  Prior to
joining SenYu, Ms. Zhang was employed as an accountant in a number of
positions:  as accountant in charge in the Seeds Company of the Rice
Research Instutute (2000 - 2004); as accountant in charge in the Agricultural
Reclamation Freight Port (1997 - 2000); and as accountant in the Sales
Department of Agricultural Reclamation Materials (1995 - 1997).  Ms.
Zhang was awarded a bachelor’s degree with a concentration in accounting by the
Heilongjiang College of Education.





Ligang Shang.  Mr.
Shang has been employed since 2007 as President of Advanced Swine Breeding
Genetics Inc., a holding company engaged in acquiring companies engaged in the
pig industry.  From 2001 to 2006 Mr. Shang was employed as Managing
Director of East West Global Tours, a company engaged in the travel and tour
business.  From 1998 to 2000 Mr. Shang was employed as Vice President of
G&C Development, Inc., a company engaged in providing agricultural training.
 In 1982 Ligang Shang was awarded a Bachelor’s Degree with a concentration
in Information Science by the Harbin Shipbuilding Engineering University in
Harbin, China.





43




All of
our directors hold offices until the next annual meeting of the shareholders of
the Company, and until their successors have been qualified after being elected
or appointed.  Officers serve at the discretion of the board of
directors.





Audit
Committee; Compensation Committee; Nominating Committee.





Due to the small size of our Board of
Directors, we have not constituted an audit committee, a compensation committee
or a nominating committee.  Decisions regarding nominations to the
Board will be made by all currently-serving members of the Board.  For
the same reason, we do not have an audit committee financial expert among the
members of our Board of Directors.





Code of
Ethics





The Board of Directors has not adopted
a code of ethics applicable to the Company’s executive officers.  The
Board believes that the small number of individuals involved in the Company’s
management makes such a code unnecessary.





Section 16(a) Beneficial
Ownership Reporting Compliance





None of
the officers, directors or beneficial owners of more than 10% of the Company’s
common stock failed to file on a timely basis the reports required by Section
16(a) of the Exchange Act during the year ended June 30, 2009, except that
Ligang Shang was late in filing his Form 3.





ITEM
11.             EXECUTIVE
COMPENSATION





The
following table sets forth all compensation awarded to, earned by, or paid by
the companies that are currently subsidiaries of China Swine to Zhenyu Shang,
the Company’s Chief Executive Officer, and to Tongyu Zhang, its Chief Financial
Officer, for services rendered in all capacities to the Company during the years
ended June 30, 2009, 2008 and 2007.  There were no other executive
officers whose total salary and bonus for the fiscal year ended June 30, 2009
exceeded $100,000.





Year
            
            Salary
            
            
            Bonus
            
            
            Stock
              Awards
            
            
            Option
              Awards
            
            
            Other
              CompensationZhenyu
      Shang
            2009
            
            $
            6,320
            
            
            
            --
            
            
            
            --
            
            
            
            --
            
            
            
            --2008
            
            $
            5,476
            
            
            
            --
            
            
            
            --
            
            
            
            --
            
            
            
            --2007
            
            $
            2,252
            
            
            
            --
            
            
            
            --
            
            
            
            --
            
            
            
            --Tongyu
      Zhang
            2009
            
            $
            3,844
            
            
            
            --
            
            
            
            --
            
            
            
            --
            
            
            
            --2008
            
            $
            2,712
            
            
            
            --
            
            
            
            --
            
            
            
            --
            
            
            
            --2007
            
            $
            2,141
            
            
            
            --
            
            
            
            --
            
            
            
            --
            
            
            
            --




44




Employment
Agreements





The Company has three executive
officers:  Messrs Zhenyu Shang, Tongyu Zhang and Ligang
Shang.  All of our officers and directors serve on an at-will
basis.





Compensation of
Directors





Employees who are also members of the
Board of Directors are not additionally compensated for their services as a
director.  We currently have no directors who are not also
employees.





Equity
Grants





The
following tables set forth certain information regarding the stock options
acquired by the Company’s Chief Executive Officer and Chief Financial Officer
during the year ended June 30, 2009 and those options held by him and her on
June 30, 2009.





Option Grants in the Last
Fiscal Year





Number
      of
              securities
              underlying
              option
            Percent
              of
      total
              options
              granted
      to
              employees
              in
      fiscal
            Exercise
              Price
            Expiration
            Potential
      realizable
              value
      at assumed
              annual
      rates of
              appreciation
              for
      option termgranted
            year
            ($/share)
            Date
            5%
            10%Zhenyu
      Shang
            --
            --
            --
            --
            --
            --Tongyu
      Zhang
            --
            --
            --
            --
            --
            --





The
following tables set forth certain information regarding the stock grants
received by the executive officers named in the table above during the year
ended June 30, 2009 and held by them unvested at June 30, 2009.





Unvested Stock Awards in the
Last Fiscal Year




Number
      of
              Shares
      That
              Have
      Not
              Vested
            Market
      Value
              of
      Shares That
              Have
      Not
              VestedZhenyu
      Shang
            --
            --Tongyu
      Zhang
            --
            --




45




ITEM
12. SECURITY
OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER
MATTERS





The
following table sets forth information known to us with respect to the
beneficial ownership of our common stock as of the date of this prospectus by
the following:





·
            each
      shareholder known by us to own beneficially more than 5% of our common
      stock;




·
            Zhenyu
      Shang, our Chief Executive Officer




·
            each
      of our directors; and




·
            all
      directors and executive officers as a
group.





There are
41,423 shares of our common stock outstanding on the date of this
report.  There were also outstanding shares of Series A Convertible
Preferred Stock that are convertible into 19,358,581 shares of common
stock.  The Series A Preferred Shares have voting rights equal to the
number of common shares into which they are convertible.  The
following table sets forth information known to us with respect to the
beneficial ownership of our common stock, assuming full conversion of the Series
A Preferred Stock,  Except as otherwise indicated, we believe that the
beneficial owners of the common stock listed below have sole voting power and
investment power with respect to their shares,  subject to community
property laws where applicable.  Beneficial ownership is determined in
accordance with the rules of the Securities and Exchange
Commission.




In
computing the number of shares beneficially owned by a person and the percent
ownership of that person, we include shares of common stock subject to options
or warrants held by that person that are currently exercisable or will become
exercisable within 60 days. We do not, however, include these “issuable” shares
in the outstanding shares when we compute the percent ownership of any other
person.





Name  and
      Address of
              Beneficial
      Owner
            Amount
      and Nature of
              Beneficial
      Ownership(3)
            Percentage
              of
      ClassZhenyu
      Shang(1)
            0
            --Tongyu
      Zhang(1)
            0
            --Ligang
      Shang(2)
            15,680,450
            80.8%Sino
      Group Investment Limited(4)
            1,839,066
            9.5%All
      officers and directors
              as
      a group (3 persons)
            15,680,450
            80.8%


________________________________


(1)
            The
      address for Zhenyu Shang and Tongyu Zhang is SenYu’s address in
      Jianusi.


(2)
            Mr.
      Shang’s address is 1077 Ala Napunani Street, Honolulu, HI
      96818.


(3)
            All
      shares are owned both of record and
  beneficially.


(4)
            Sino
      Group Investment Limited is a BVI Business Company organized in the
      British Virgin Islands.  Its address is Mill Mall, Suite 6,
      Wickham’s Cay 1, Road Town, Tortola, British Virgin Islands.  Yu
      Jing has voting and dispositive control over the shares owned by Sino
      Group Investment Limited.





46







ITEM
13. CERTAIN
RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR
INDEPENDENCE




Certain Relationships and
Related Transactions




Ligang
Shang, the majority shareholder of China Swine, was also the major shareholder
of Advanced Swine until the Share Exchange. In order to support Advanced Swine’s
operations, Ligang Shang has made loans to Advanced Swine, the net amount of
which was $11,167,236 as of June 30, 2009. This loan is unsecured, non-interest
bearing, and has no set repayment date.





Zhenyu
Shang, the Chief Executive Officer of China Swine and of SenYu, has borrowed
funds from SenYu and from Sino-Canadian J.V. as of June 30, 2009.  The
net amount of the loans as of June 30, 2009 was $104,522 and $14,376,
respecitively.  The loans are unsecured, non-interest bearing, and have no
set repayment date.





Peng
Cheng, an officer of SenYu, has borrowed the net amount of of $28,709 from SenYu
and has advanced the net amount of $4,582 to Sino-Canadian J.V. as of June
30, 2009.  The loans are unsecured, non-interest bearing, and have no set
repayment date.





Director
Independence




None of the members of the Company’s
Board of Directors is an independent director, pursuant to the definition of
“independent director” under the Rules of The NASDAQ Stock Market.





ITEM
14.             PRINCIPAL
ACCOUNTANT FEES AND SERVICES





MS Group CPA LLC has been the
independent accountant for Advanced Swine Genetics, Inc. and its subsidiaries
since 2007.  In August 2009, when China Swine acquired Advanced Swine
Genetics, Inc., MS Group CPA LLC became the independent accountant for China
Swine.





Audit Fees





MS Group CPA LLC billed $70,000 to the
Company for professional services rendered for the audit of financial statements
for the fiscal year ended June 30, 2009.





Audit-Related Fees





MS Group CPA LLC billed $0 to the
Company during 2009 for assurance and related services that are reasonably
related to the performance of the 2009 audit or review of the quarterly
financial statements.





47




Tax Fees





MS Group CPA LLC billed $0 to the
Company during fiscal 2009 for professional services rendered for tax
compliance, tax advice and tax planning.





All Other Fees





MS Group CPA LLC billed $0 to the
Company in fiscal 2009 for services not described above.







It is the policy of the Company
that all services other than audit, review or attest services must be
pre-approved by the Board of Directors.  No such services have been
performed by MS Group CPA LLC.







ITEM
15.             EXHIBITS
AND FINANCIAL STATEMENT SCHEDULES





(a)
Exhibit List





3-a
            Certificate
      of Incorporation - filed as an exhibit to the Annual Report on Form 10-KSB
      filed on October 14, 2008 and incorporated herein by
      reference.





3-a(1)
            Certificate
      of Amendment of Certificate of Incorporation, effective on September 30,
      2009 - filed as an exhibit to the Current Report on Form 8-K dated
      September 30, 2009 and filed on October 13, 2009 and incorporated herein
      by reference.





3-a(2)
            Certificate
      of Designation of Series A Convertible Preferred Stock - filed as an
      exhibit to the Current Report on Form 8-K dated August 12, 2009 and filed
      on August 13, 2009 and incorporated herein by
  reference.




3-b
            Bylaws
      - - filed as an exhibit to the Annual Report on Form 10-KSB filed on
      October 14, 2008 and incorporated herein by
  reference.





21
            Subsidiaries
       –   Advanced Swine Genetics, Inc., a Delaware
      corporation


–




31.1
            Rule
      13a-14(a) Certification – CEO





31.2
            Rule
      13a-14(a) Certification - CFO





32
            Rule
      13a-14(b) Certifications





48




SIGNATURES





Pursuant
to the requirements of Section 13 or 15(d) of the Securities Exchange Act of
1934, the Registrant has duly caused this Report to be signed on its behalf by
the undersigned, thereunto duly authorized.





CHINA
      SWINE GENETICS, INC.Date:
      October 13, 2009
            By:
      /s/ Zhenyu
      ShangZhenyu
      Shang, Chief Executive Officer





Pursuant
to the requirements of Section 13 or 15(d) of the Securities Exchange Act of
1934, this Report has been signed below by the following persons on behalf of
the Registrant and in the capacities and on the dates indicated.





/s/ Zhenyu
      Shang
            October
      13, 2009Zhenyu
      ShangDirector,
      Chief Executive Officer/s/ Tonyu
      Zhang
            October
      13, 2009Tongyu
      ZhangDirector,
      Chief Financial and Accounting Officer/s/ Ligang
      Shang
            October
      13, 2009Ligang
      Shang, Director









49