|   x | ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. |
|----------|---------------------------------------------------------------------------------------|

|   | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
|--------|------------------------------------------------------------------------------------------|

| Nevada(State or other jurisdiction ofincorporation or organization) | 84-0601802(I.R.S. EmployerIdentification No.) |
|---------------------------------------------------------------------|-----------------------------------------------|

| No. 485 Tengfei Third,Shuangliu Southwest Airport Economic Development Zone,Shuangliu, ChengduPeople’s Republic of China, 610207 |
|----------------------------------------------------------------------------------------------------------------------------------------|
| (Address of principal executive offices)                                                                                               |

| Title of Each Class            | Name of Each Exchange on Which Registered |
|--------------------------------|-------------------------------------------|
| Common Stock, $0.001 par value | OTCBB                                     |

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|          |                                                                                           |   |
|---------------|------------------------------------------------------------------------------------------------|--------|
|          | PART III                                                                                       | Page   |
|          |                                                                                           |   |
| ITEM 10.      | Directors, Executive Officers and Corporate Governance                                         | 4      |
| ITEM 11.      | Executive Compensation                                                                         | 8      |
| ITEM 12.      | Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters | 11     |
| ITEM 14.      | Principal Accounting Fees and Services                                                         | 12     |
|          |                                                                                           |   |
|          | PART IV                                                                                        |   |
|          |                                                                                           |   |
| ITEM 15.      | Exhibits and Financial Statement Schedules                                                     | 13     |
| SIGNATURES    |                                                                                           |
| EXHIBITS 31.1 |                                                                                           |
| EXHIBITS 31.2 |                                                                                           |

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| Name         |   | Age |   | Position with the Company            |   | Director Since                                             |
|--------------|--------|-----|--------|--------------------------------------|--------|------------------------------------------------------------|
| Renyi Hou    |   | 53  |   | Chairman and Chief Executive Officer |   | 2008                                                       |
| Hongwei Ke   |   | 49  |   | Director and Managing Director       |   | 2008                                                       |
| Kang Sun     |   | 54  |   | Director                             |   | 2008                                                       |
| Zhimin Cao   |   | 52  |   | Director                             |   |  2008                                                 |
| Elliot Maza  |   | 53  |   | Director                             |   |    2009                                     |
| James M. Lee |   | 63  |   | Director                             |   |          2009 |
| Jingong Pan  |   | 45  |   | Director and Vice President          |   | 2010                                                       |

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| Name             |   | Age    |   | Position with the Company                                                                                             |   | Officer Since |
|------------------|--------|--------|--------|-----------------------------------------------------------------------------------------------------------------------|--------|---------------|
|             |   |   |   |                                                                                                                  |   |          |
| Renyi Hou        |   | 53     |   | Chairman and Chief Executive Officer                                                                                  |   | 2008          |
|  Xuefeng Li |   | 37     |   | Interim Chief Financial Officer                                                                                       |   | 2010          |
|             |   |   |   |                                                                                                                  |   |          |
| Hongwei Ke       |   | 49     |   | Managing Director, Sichuan Apollo Solar Science & Technology Co., Ltd. (a wholly-owned subsidiary of the Company) |   | 2008          |
|             |   |   |   |                                                                                                                  |   |          |
| Jingong Pan      |   | 45     |   | Vice President and Director                                                                                           |   | 2010          |
|             |   |   |   |                                                                                                                  |   |          |
| Haukang Zhou     |   | 57     |   | Corporate Secretary                                                                                                   |   | 2010          |
|             |   |   |   |                                                                                                                  |   |          |

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| Named and Principal Position               | FiscalYear | Salary($) | Bonus($) | Option Awards($) | All Other Compensation($) | Total($) |
|--------------------------------------------|------------|-----------|----------|------------------|---------------------------|----------|
|  Renyi Hou,Chief Executive Officer(1) | 2009       | 22,489    | —  | —          | —                   | 22,489   |
|                                       | 2008       | 22,489    | —  | —          | —                   | 22,489   |
|                                       | 2007       | 21,353    | —  | —          | —                   | 21,353   |
| Heung Sang Fong                            | 2009       | 75,500    | —  | —          | —                   | 75,500   |
| Chief Financial Officer(2)                 | 2008       | —   | —  | —          | —                   | —  |
|                                       | 2007       | —   | —  | —          | —                   | —  |
|                                       |       |      |     |             |                      |     |

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| Name                     | Grant Date(2)  | Estimated Future Payouts Under Equity Incentive Plan Award Targets | Exercise or Base Price of Option Awards ($/Share) | Grant Date Fair Value of Stock and Option Awards(3) |
|--------------------------|----------------|--------------------------------------------------------------------|---------------------------------------------------|-----------------------------------------------------|
|  Heung Sang Fong(1) |  2/1/2009 | 0                                                                  | $0.82                                             | 3.5                                                 |

| Name                           | Grant Date     | Number of Securities Underlying Unexercised Options (#) Exercisable | Number of Securities Underlying Unexercised Options (#) Unexercisable | Option Exercise Price | Option Expiration Date |
|--------------------------------|----------------|---------------------------------------------------------------------|-----------------------------------------------------------------------|-----------------------|------------------------|
|  Heung Sang Fong(1)  |  02/01/09 |  375,000                                                       |  375,000                                                         |  $0.82           |  02/01/19    |

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|                                                      |   | Fiscal 2010 |   |   | Fiscal 2009 |   |
|-----------------------------------------------------------|--------|-------------|--------|--------|-------------|--------|
| Meeting Attendance – In-Person                      |   | $           | 500    |   |        | $      | 500 |   |
| Retainer Fees                                             |   |        |   |   |        |   |   |   |
| All directors                                             |   |        | 17,000 |   |        |   | 17,000 |   |
| Audit Committee Chairman                                  |   |        | 10,000 |   |        |   | 10,000 |   |
| Audit Committee Member (other than Chairman)              |   |        | 1,500  |   |        |   | 1,500 |   |
| Compensation Committee Chairman                           |   |        | 2,000  |   |        |   | 2,000 |   |
| Compensation Committee (other than Chairman)              |   |        | 1,500  |   |        |   | 1,500 |   |
| Nomination and Governance Committee Chairman              |   |        | 2,000  |   |        |   | 2,000 |   |
| Nomination and Governance Committee (other than Chairman) |   |        | 1,500  |   |        |   | 1,500 |   |

| Name        | Fees Earned or Paid in Cash ($) | Option Awards ($)(1) | All Other Compensation ($) | Total ($) |
|-------------|---------------------------------|----------------------|----------------------------|-----------|
| Zhimin Cao  | 600                             | —              | —                    | 600       |
| Kang Sun    | 10,000                          | —              | —                    | 10,000    |
| Elliot Maza | 15,000                          | —              | —                    | 15,000    |
| James Lee   | 10,000                          | —              | —                    | 10,000    |

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|                                                       | 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 Plans (Excluding Securities Reflected in the          First Column) |
|------------------------------------------------------------|---------------------------------------------------------------------------------------------|-----------------------------------------------------------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| Equity compensation plans approved by security holders     | —                                                                                     | —                                                                     | —                                                                                                                                                                                                      |
| Equity compensation plans not approved by security holders | 830,000                                                                                     | $0.95                                                                       | 5,845,000                                                                                                                                                                                                    |
| Total                                                      | 830,000                                                                                     | $0.95                                                                       | 5,845,000                                                                                                                                                                                                    |

| Name and Address                                           |   | Number of Shares                                                             |   | Percentage              |
|------------------------------------------------------------|--------|------------------------------------------------------------------------------|--------|-------------------------|
| of Beneficial Owner (1)                                    |   | Beneficially Owned                                                           |   | of Class                |
|                                                       |   |                                                                         |   |                    |
| Renyi Hou (2)                                              |   | 13,260,000                                                                   |   |  26.45%            |
| Cede & Co.                                             |   | 2,547,441                                                                    |   |    5.08% |
| Haukang Zhou                                               |   | 2,050,000                                                                    |   |   4.09%       |
| Yong Ling                                                  |   |   1,920,000                                                        |   |   3.83%       |
| Xuefeng Li                                                 |   | 1,451,586                                                                    |   |   2.90%       |
| Hongwei Ke                                                 |   |      890,000                                        |   |   1.78%       |
| Kang Sun (3)                                               |   | 20,000                                                                       |   |   *           |
| Zhimin Cao (4)                                             |   | 20,000                                                                       |   |   *           |
| James Lee (5)                                              |   | 20,000                                                                       |   |   *           |
| Eliot Maza (6)                                             |   | 20,000                                                                       |   |   *           |
| New Greatwall Limited                                      |   |  6,595,800                                                              |   |   13.16%      |
| All executive officers and directorsas a group (7 persons) |   |            19,110,586 |   |   38.12%      |

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|                   |   |   |   |   |   |   |   |
|------------------------|--------|--------|--------|--------|--------|--------|--------|
|                   | Fiscal |   |   | Fiscal |
|                   | 2009   |   |   | 2008   |
| Audit Fees (1)         |   | $      | 89,500 |   |   | $      | 65,000 |   |   |
| Audit-Related Fees (2) |   | $      | 0      |   |   | $      | 0      |   |   |
| Tax Fees (3)           |   | $      | 3,500  |   |   | $      | 0      |   |   |
|                   |   |   |   |   |   |   |   |   |   |
| Total                  |   | $      | 93,000 |   |   | $      | 65,000 |   |   |
|                   |   |   |   |   |   |   |   |   |   |

|   |   |                                                                                                                                                                                                                                                                                                                                                                   |
|--------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (1)    |   | Audit Fees consist of fees billed for professional services rendered for the audit of our consolidated annual financial statements and review of the interim consolidated financial statements included in quarterly reports and services that are normally provided by Partiz & Company, P.A. in connection with statutory and regulatory filings or engagements. |
|   |   |                                                                                                                                                                                                                                                                                                                                                                   |
| (2)    |   | Audit-Related Fees consist of fees billed for assurance and related services that are reasonably related to the performance of the audit or review of the Company’s consolidated financial statements and are not reported under “Audit Fees.” This category includes audit-related services related to acquisitions by the Company.                 |
|   |   |                                                                                                                                                                                                                                                                                                                                                                   |
| (3)    |   | Tax Fees consist of fees billed for professional services rendered for tax compliance, tax advice and tax planning (domestic and international). These services include assistance regarding federal, state and international tax compliance and international tax planning.                                                                                           |

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|    |   |                                                                                                                                                                                                                                                    |                                                                                                                                                                                                              | Incorporated by Reference                                                    |
|---------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| Exhibit |   |                                                                                                                                                                                                                                                    | Filed                                                                                                                                                                                                             |                                                                                                                                                                                                                                                                                                                                        |
| No      |   | Exhibit Title                                        | Herewith                                                                                                                                                                                                          | Form                                                                                                                                                                                                                                                                                      | Exhibit No.  | File No.                | Filing Date  |
|    |   |                                                                                                                                                                                                                                                    |                                                                                                                                                                                                              |                                                                                                                                                                                                                                                                                                                                        |   |   |   |
|    | 31.1   |                                                                                                                                                                                                                                                    | Certification of Principal Executive Officer required by Rule 13a-14(a) of the Securities Exchange Act of 1934, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 , dated April 30, 2010  | X                                                                                                                                                                                                                                                                                                                                           |   |   |   |   |
|    | 31.2   |                                                                                                                                                                                                                                                    | Certification of Principal Financial Officer required by Rules 13a-14(a) of the Securities Exchange Act of 1934, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002, dated April 30, 2010  | X                                                                                                                                                                                                                                                                                                                                           |   |   |   |   |
|    | 32.1   |                                                                                                                                                                                                                                                    | Certification of Principal Executive Officer and Principal Financial Officer prusuant to 18 U.S.C. Section 1350 as adopted pursuant to Section 906 q the Sarbanes- Oxley Act of 2002                              | X                                                                                                                                                                                                                                                                                                                                           |   |   |   |   |

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|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   | Apollo Solar Energy, Inc.             |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|---------------------------------------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |
|                                                                                                                                                                                                                      By:    |   | /s/Renyi Hou                     |
|                                                                                                                                                                                                                      Name:  |   | Renyi Hou                             |
|                                                                                                                                                                                                                      Title: |   | Chief Executive Officer and President |

|                                                                                                    |                                                                              |                                                                                          |   |           |
|---------------------------------------------------------------------------------------------------------|-----------------------------------------------------------------------------------|-----------------------------------------------------------------------------------------------|--------|----------------|
| Signature                                                                                          |                                                                         | Title                                                                                    |   | Date      |
|                                                                                                    |                                                                              |                                                                                          |
|  /s/    RENYI HOU       Renyi Hou           |                                                                              | Chief Executive Officer and President(Principal Executive Officer)                            |   | April 30, 2010 |
|                                                                                                    |                                                                              |                                                                                          |
|  /s/    XUEFENG LI       Xuefeng Li         |                                                                         | Interim Chief Financial Officer                                                               |   | April 30, 2010 |
|                                                                                                    |                                                                              |                                                                                          |
|  /s/    HONGWEI KE        Hongwei Ke   |                                                                         | Director                                                                                      |   | April 30, 2010 |
|                                                                                                    |                                                                              |                                                                                          |
|  /s/    KANG SUN        Kang Sun       |                                                                         | Director                                                                                      |   | April 30, 2010 |
|                                                                                                    |                                                                              |                                                                                          |
|  /s/    ZHIMIN CAO        Zhimin Cao   |                                                                         | Director                                                                                      |   | April 30, 2010 |
|                                                                                                    |                                                                              |                                                                                          |
|  /s/    ELLIOT MAZA        Elliot Maza |                                                                         | Director                                                                                      |   | April 30, 2010 |
|                                                                                                    |                                                                              |                                                                                          |
|  /s/    JAMES LEE        James Lee     |                                                                         | Director                                                                                      |   | April 30, 2010 |
|                                                                                                    |                                                                              |                                                                                          |
|  /s/    JINGONG PAN        Jingong Pan |              Director |               April 30, 2010 |

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