FORM 10Q-SB/A

General Form for Registration of Securities

of Small Business Issuers



Under Section 12(b) or (g) of

the Securities Exchange Act of 1934



Wintech Digital Systems Technology Corporation

(Exact name of Registrant as specified in its charter)





|NEVADA                                         | 0-30553                   | 88-0325524                          
|---------------------------------------------- | ------------------------- | ------------------------------------
|(State or other jurisdiction of incorporation) | (Commission  File Number) | (I.R.S. Employee Identification No.)





Room 1016, Hailong Building, Zhongguancun, Haidian District,

Beijing, China, 100080

(Address of principal executive offices)



Registrant's telephone number, including area code: (0118610) 82664708



[X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES

EXCHANGE ACT OF 1934





For the quarterly period ended December 31, 2001



[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES

EXCHANGE ACT OF 1934



Indicate  the  number of shares  outstanding  of each of the  registrant's

classes of common stock, as of the latest practicable date.



Class Outstanding as of   December 31, 2001



$0.001 Par Value     12,690,484 Class A Common Stock Shares







TABLE OF CONTENTS



PART 1



ITEM  1.  FINANCIAL  STATEMENTS



ITEM  2.  MANAGEMENT'S  DISCUSSION  AND  ANALYSIS  OR  PLAN  OF  OPERATION



ITEM  3.  EVENTS  SUBSEQUENT  TO  THE  THIRD  QUARTER



ITEM  4.  RESULTS  OF  OPERATIONS



PART II



ITEM  6.  EXHIBITS  AND  REPORTS  ON  FORM  8-K



SIGNATURES



INDEX  TO  EXHIBITS









PART 1. FINANCIAL INFORMATION



Item 1. Financial Statements.



The accompanying unaudited financial statements,  set forth herein under Part II as an  Exhibit,  have  been  prepared  by  management  in  accordance  with  the instructions  to Form 10-Q and,  therefore,  do not include all  information and footnotes necessary for a complete  presentation of financial position,  results of operations,  cash flows and stockholders' equity in conformity with generally

accepted accounting  principles.  In the opinion of management,  all adjustments considered  necessary for a fair  presentation  of the results of operations and financial  position have been included and all such  adjustments are of a normal recurring  nature.  Operating  results for the quarter ended December 31, 2001, are not necessarily  indicative of the results that can be expected for the year  ending June 30, 2002.







Wintech Digital Systems Technology Corporation

Index To Unaudited Consolidated Financial Statements









|                                                       | Pages
|------------------------------------------------------ | -----
|Consolidated  Balance  Sheet Stated in RMB             | F-1  
|Consolidated  Statement  of  Operations Stated in RMB  | F-2  
|Consolidated  Statement  of  Cash  Flows Stated in RMB | F-3  
|Consolidated  Balance  Sheet Stated in USD             | F-4  
|Consolidated  Statement  of  Operations Stated in USD  | F-5  
|Consolidated  Statement  of  Cash  Flows Stated in USD | F-6  

















Wintech Digital Systems Technology Corp.

(Formerly known as Temple Summit Financial Projects, Inc.)

Consolidated  balance  Sheet Stated in RMB December  31, 2001

(Unaudited) and June 30, 2001 ( Audited)



|ASSETS                               | As of  Dec. 31,
2001 | As of June 30,
2001
|------------------------------------ | -------------------- | -------------------
|(Unaudited)                          | (Audited)           
|RMB                                  | RMB                 
|Current Assets:                      |                      |                    
|Cash & Cash Equivalents              | 3,280,763.42         | 3,698,563.00       
|Accounts receivable Net of Provision | 2,198,619.48         | 2,443,221.20       
|Other receivables                    | 3,220,169.38         | 3,041,775.70       
|Inventory                            | 5,641,112.02         | 3,036,596.50       
|Prepaid expenses                     | 0.00                 | 0.00               
|Amounts due from investors           | 0.00                 | 0.00               
|Total Current Assets                 | 14,340,664.30        | 12,220,156.40      
|                                     |                      |                    
|Long term investment      (note 1)   | 250,000.00           | 0.00               
|Property & Equipment                 |                      |                    
|Property & Equipment                 | 1,603,932.90         | 1,445,718.90       
|Accumulated Depreciation             | (534,714.28)         | (351,131.50)       
|Total property & Equipment           | 1,069,218.62         | 1,094,587.40       
|                                     |                      |                    
|Other Assets
Goodwill                | 0.00                 | 0.00               
|Total Other Assets                   | 0.00                 | 0.00               
|Total Assets                         | 15,659,882.92        | 13,314,743.80      







|L I A B I L I T I E S & S T O C K H O L D E R S' E Q U I T Y

Current Liabilities                                              
|-------------------------------------------------------------------------------------------------------------------------------
|Accounts Payable                                                                                                               
|Accrued Expenses                                                                                                               
|Other taxes payable                                                                                                            
|Note Payable- Line of Credit                                                                                                   
|Income Taxes Payable                                                                                                           
|Total Current Liabilities                                                                                                      
|Total Liabilities                                                                                                              
|Stockholders'  Equity
Common Stock, 200,000,000 Shares Authorized                                                              
|Par Value of $.001;
12,690,484 & 12,690,484 Shares Issued and Outstanding Respectively (Retroactively Restated)
Paid in Capital
|Retained earnings(Deficit)                                                                                                     
|Stated Reserves                                                                                                                
|Net Stockholders' Equity                                                                                                       
|Total Liabilities and Investors' Equity                                                                                        









Wintech Digital Systems Technology Corp.

(Formerly known as Temple Summit Financial Projects, Inc.)

Consolidated Statement of Operations Stated in RMB ( Unaudited)







|                                                       | For the Three Months Ended Dec. 31 | For the Six Months Ended
Dec. 31
|------------------------------------------------------ | ---------------------------------- | --------------------------------
|                                                       | 2001                               | 2000                            
|                                                       | (Unaudited)
RMB                    | (Unaudited)
RMB                 
|Revenues
Sales of Products and Services...            | 2,687,044.17                       | 23,196,420.85                   
|Other Sales and Revenues                               | 2,687,044.17                       | 23,196,420.85                   
|Total Revenues                                        
|Cost of Revenues                                       |                                    |                                 
|Cost of Products and Services.                       | 1,237,969.70                       | 20,088,701.46                   
|Gross Profit.                                   | 1,449,074.47                       | 3,107,719.39                    
|Expenses                                               |                                    |                                 
|Selling General and administrative Expenses. | 1,068,079.38                       | 1,105,585.75                    
|Total Expenses                                         | 1,068,079.38                       | 1,105,585.75                    
|Income(loss) from Operations                           | 380,995.09                         | 2,002,133.64                    
|Other Income (Expenses)                                |                                    |                                 
|Interest Expenses                                      |                                    |                                 
|Interest income                                        | 0.00                               | 7,327.95                        
|Other income(Expenses).                            | 0.00                               | 0.00                            











|Total Other Income (Expenses)                              | 0.00        | 7,327.95     | 6,172.22    | 85,218.63   
|---------------------------------------------------------- | ----------- | ------------ | ----------- | ------------
|Income Before taxes                                        | 380,995.09  | 2,009,461.59 | 739,473.96  | 2,572,775.48
|Provisions for Income Tax                                  | (28,574.63) | (108,461.08) | (55,460.55) | (192,958.16)
|Net income RMB                                             | 352,420.46  | 1,901,000.51 | 684,013.41  | 2,379,817.32
|Basic Earnings Per Share RMB                               | 0.03        | 0.15         | 0.05        | 0.19        
|Diluted Earnings Per Share RMB                             | 0.03        | 0.15         | 0.05        | 0.19        
|Weighted Average Shares Outstanding Retroactively Restated | 12,690,484  | 12,690,484   | 12,690,484  | 12,690,484  







Wintech Digital Systems Technology Crop.

(Formerly known as Temple Summit Financial Projects,Inc.)

Statement of Cashflows Stated in RMB(Unaudited)



|                                                        | For the Six Months Ended Dec. 31
|------------------------------------------------------- | --------------------------------
|                                                        | 2001                            
|Cash Flows from Operating Activities                    |                                 
|Net Income                                              | 1,015,606.36                    
|                                                        |                                 
|Adjustments to Reconcile Net Income (Loss) to           |                                 
|Net cash Provided by Operating Activities;              |                                 
|Depreciation                                            | 183,582.78                      
|                                                        |                                 
|Change in Operating Assets & Liabilities                |                                 
|(Increase) Decrease in Accounts Receivable              | 244,601.72                      
|(Increase) Decrease in Prepaid Expenses                 | 0.00                            
|(Increase) Decrease in Advances to Suppliers            | 0.00                            
|(Increase) Decrease in Inventory                        | (2,604,515.52)                  
|(Increase) Decrease in Other Receivable                 | (178,393.68)                    
|(Decrease) Increase in Accounts Payable                 | 645,592.97                      
|(Decrease) Increase in Income Taxes Payable             | 55,460.55                       
|(Decrease) Increase in Other Taxes Payable              | 461,356.08                      
|(Decrease) Increase in Accrued Expenses                 | 167,123.16                      
|Net Cash Provided (Used) in Operating Activities        | (9,585.58)                      
|                                                        |                                 
|Cash Flows from Investing Activities                    |                                 
|Purchase of Fixed Assets                                | (158,214.00)                    
|Long term investment                                    | (250,000.00)                    
|Net Cash (Used) in Investing Activities                 | (408,214.00)                    
|                                                        |                                 
|Cash Flows from Financing Activities                    |                                 
|Increase (Decrease) in Notes Payable                    |                                 
|Sale of Common Stock                                    | 0.00                            
|Net Cash Provided by Financing Activities               | 0.00                            
|                                                        |                                 
|Increase (Decrease) in Cash & Cash Equivalents          | (417,799.58)                    
|                                                        |                                 
|Cash & Cash Equivalents at Beginning of Period          | 3,698,563.00                    
|                                                        |                                 
|Cash & Cash Equivalents at End of Period                | 3,280,763.42                    
|Disclosures from Operating Activities:
Interest Expense |                                 
|Taxes                                                   |                                 

Wintech Digital Systems Technology Corp.

(Formerly known as Temple Summit Financial Projects, Inc.)

Consolidated  balance  Sheet Stated in USD December  31, 2001

(Unaudited) and June 30, 2001 ( Audited)



|ASSETS                                   | As of  Dec. 31,
2001 | As of June 30,
2001
|---------------------------------------- | -------------------- | -------------------
|(Unaudited)                              | (Audited)           
|USD                                      | USD                 
|Current Assets:                          |                      |                    
|Cash & Cash Equivalents                  | 396390.24            | 446869.85          
|Accounts receivable Net of Provision     | 265642.83            | 295196.24          
|Other receivables                        | 389069.10            | 367515.13          
|Inventory                                | 681573.60            | 366889.36          
|Prepaid expenses                         | 0.00                 | 0.00               
|Amounts due from investors               | 0.00                 | 0.00               
|Total Current Assets                     | 1732675.77           | 1476470.58         
|                                         |                      |                    
|Long term investment            (note 1) | 30205.64             | 0.00               
|Property & Equipment                     |                      |                    
|Property & Equipment                     | 193791.28            | 174675.46          
|Accumulated Depreciation                 | (64605.55)           | (42424.61)         
|Total property & Equipment               | 129185.73            | 132250.85          
|                                         |                      |                    
|Other Assets
Goodwill                    | 0.00                 | 0.00               
|Total Other Assets                       | 0.00                 | 0.00               
|Total Assets                             | 1892067.14           | 1608721.43         







|L I A B I L I T I E S & S T O C K H O L D E R S' E Q U I T Y

Current Liabilities                                              
|-------------------------------------------------------------------------------------------------------------------------------
|Accounts Payable                                                                                                               
|Accrued Expenses                                                                                                               
|Other taxes payable                                                                                                            
|Note Payable- Line of Credit                                                                                                   
|Income Taxes Payable                                                                                                           
|Total Current Liabilities                                                                                                      
|Total Liabilities                                                                                                              
|Stockholders'  Equity
Common Stock, 200,000,000 Shares Authorized                                                              
|Par Value of $.001;
12,690,484 & 12,690,484 Shares Issued and Outstanding Respectively (Retroactively Restated)
Paid in Capital
|Retained earnings(Deficit)                                                                                                     
|Stated Reserves                                                                                                                
|Net Stockholders' Equity                                                                                                       
|Total Liabilities and Investors' Equity                                                                                        



|
|



Wintech Digital Systems Technology Corp.

(Formerly known as Temple Summit Financial Projects, Inc.)

Consolidated Statement of Operations Stated in USD ( Unaudited)







|                                            | For the Three Months Ended Dec. 31 | For the Six Months Ended
Dec. 31
|------------------------------------------- | ---------------------------------- | --------------------------------
|                                            | 2001                               | 2000                            
|                                            | (Unaudited)
USD                    | (Unaudited)
USD                 
|Revenues
Sales of Products and Services     | 324655.56                          | 2802650.95                      
|Other Sales and Revenues                    | 324655.56                          | 2802650.95                      
|Total Revenues                             
|Cost of Revenues                            |                                    |                                 
|Cost of Products and Services               | 149574.67                          | 2427168.34                      
|Gross Profit                                | 175080.89                          | 375482.61                       
|Expenses                                    |                                    |                                 
|Selling General and administrative Expenses | 129048.08                          | 133579.70                       
|Total Expenses                              | 129048.08                          | 133579.70                       
|Income(loss) from Operations                | 46032.81                           | 241902.91                       
|Other Income (Expenses)                     |                                    |                                 
|Interest Expenses                           |                                    |                                 
|Interest income                             | 0.00                               | 885.38                          
|Other income(Expenses)                      | 0.00                               | 0.00                            











|Total Other Income (Expenses)                              | 0.00       | 885.38     | 745.74     | 10296.33  
|---------------------------------------------------------- | ---------- | ---------- | ---------- | ----------
|Income Before taxes                                        | 46032.81   | 242788.29  | 89345.13   | 310849.32 
|Provisions for Income Tax                                  | (3452.46)  | (13104.54) | (6700.88)  | (23313.70)
|Net income                                                 | 42580.35   | 229683.75  | 82644.25   | 287535.62 
|Basic Earnings Per Share                                   | Nil        | 0.02       | 0.01       | 0.02      
|Diluted Earnings Per Share                                 | Nil        | 0.02       | 0.01       | 0.02      
|Weighted Average Shares Outstanding Retroactively Restated | 12,690,484 | 12,690,484 | 12,690,484 | 12,690,484







Wintech Digital Systems Technology Crop.

(Formerly known as Temple Summit Financial Projects,Inc.)

Statement of Cashflows Stated in USD(Unaudited)



|                                                        | For the Six Months Ended Dec. 31
|------------------------------------------------------- | --------------------------------
|                                                        | 2001                            
|Cash Flows from Operating Activities                    |                                 
|Net Income                                              | 122708.16                       
|                                                        |                                 
|Adjustments to Reconcile Net Income (Loss) to           |                                 
|Net cash Provided by Operating Activities;              |                                 
|Depreciation                                            | 22180.94                        
|                                                        |                                 
|Change in Operating Assets & Liabilities                |                                 
|(Increase) Decrease in Accounts Receivable              | 29553.41                        
|(Increase) Decrease in Prepaid Expenses                 | 0.00                            
|(Increase) Decrease in Advances to Suppliers            | 0.00                            
|(Increase) Decrease in Inventory                        | (314684.23)                     
|(Increase) Decrease in Other Receivable                 | (21553.98)                      
|(Decrease) Increase in Accounts Payable                 | 78002.20                        
|(Decrease) Increase in Income Taxes Payable             | 6700.89                         
|(Decrease) Increase in Other Taxes Payable              | 55742.22                        
|(Decrease) Increase in Accrued Expenses                 | 20192.24                        
|Net Cash Provided (Used) in Operating Activities        | (1158.15)                       
|                                                        |                                 
|Cash Flows from Investing Activities                    |                                 
|Purchase of Fixed Assets                                | (19115.82)                      
|Long term investment                                    | (30205.64)                      
|Net Cash (Used) in Investing Activities                 | (49321.46)                      
|                                                        |                                 
|Cash Flows from Financing Activities                    |                                 
|Increase (Decrease) in Notes Payable                    |                                 
|Sale of Common Stock                                    | 0.00                            
|Net Cash Provided by Financing Activities               | 0.00                            
|                                                        |                                 
|Increase (Decrease) in Cash & Cash Equivalents          | (50479.61)                      
|                                                        |                                 
|Cash & Cash Equivalents at Beginning of Period          | 446869.85                       
|                                                        |                                 
|Cash & Cash Equivalents at End of Period                | 396390.24                       
|Disclosures from Operating Activities:
Interest Expense |                                 
|Taxes                                                   |                                 

Note1:  On November 29, 2001, a company was established by Beijing Wintech Science and Technology Development Corporation together with third parties, Beijing Wintech held 50% interests in that company.  All interests was disposed to other shareholders on March 12, 2002.  Because the control is temporary, this company is not consolidated .  Therefore, this investment is suggested to re-classify to available-for-sale securities which is stated at fair value.







Item 2.  Managements  Discussion  and  Analysis  of  Results of  Operations

and  Financial Conditions.



The following  discussion and analysis should be read in  conjunction  with the Company's financial statements and notes thereto included elsewhere in this Form 10-QSB.  Except for the historical  information contained herein, the discussion in this Form 10-QSB contains  certain  forward  looking  statements that involve risks and uncertainties,  such as statements of the Company's plans, objectives,

expectations and intentions.  The cautionary statements made in this Form 10-QSB should be read as being  applicable to all related forward  statements  wherever they appear in this Form  10-QSB.  The  Company's  actual  results  could differ materially from those discussed here.



The  Company  is not aware of any  circumstances  or trends  which  would have a negative  impact  upon  future  sales or  earnings.  There have been no material fluctuations in the standard seasonal variations of the Company's business.  The accompanying financial statements include all adjustments,  which in the opinion of  management  are  necessary  in order to make the  financial  statements  not misleading.



Results  of  Operations



Three months ended December 31, 2001 compared to three months ended December 31, 2000.



Three months ended

|          | March 31, 2002 | March 31, 2001
|--------- | -------------- | --------------
|Net Sales | 324,655.56     | 2,802,650.95  





The decrease in revenue was because that the revenue from the three months ended December 31, 2000  included a one time sale of  Integrated Circuit inventory that was acquired from another business for $2,337,191 and sold for $2,485,895.



Cost  consisted  primarily of salary for  engineers,  cost of promotion,  rental expenses  for office,  ,  depreciation  and other  miscellaneous  expenses.  The increase in inventory was the result of the acquiring a batch of Code Composer Studio software near the end of the year and the delay  in shipping out a batch of IC products near the end of the year.



Liquidity  and  Capital  Resource.



During the quarter ended December 31, 2001, cash and cash equivalents was $396,390.24 or

RMB 3,280,763.24 versus  $513,979 or  RMB 4,254,204 for the quarter ending December 31,  2000.  The decrease in cash is due to the expense related to the research and development of new product line.



Business  Risks.



The  Company is facing two risks, namely,  market risk and technical risk. If  the Company needs funding and is not successful  in  raising  capital, its  market  share  could  be  lost  and  the development of new DSP products could be effected.



Competition.



The company is a leader in the development of DSP products in China. There is no significant competition in DSP development tools market in China. However, as company enters DSP end product market, such as in the communication product market,  it will face competition from various manufacturers.



Management  of  Growth.



If the Company is successful in implementing  its growth  strategy,  the Company believes it can undergo  rapid  growth.  Controlled  and rapid growth will allow development of new products and the enhancement of current products.



Item  3.  Events  Subsequent  to  the  Third  Quarter



None.





PART  II  -  OTHER  INFORMATION



Item  1.  Legal  Proceedings



None.



Item  2.  Changes  in  Securities



None.



Item  3.  Defaults  Upon  Senior  Securities



None.



Item  4.  Submission  of  Matters  to  a  Vote  of  Securities  Holders



None.



Item  5.  Other  Information



None.



Item  6.  Exhibits  and  Reports  on  Form  8-K



None











CERTIFICATIONS PURSUANT TO

18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002



In connection with the Annual Report of Wintech Digital Systems Technology Corp. (the "Company") on Form 10-QSB for the period ending December 31, 2001, as filed with the Securities and Exchange Commission on the date hereof (the "Report"), I, Yonghong Dong, Chief Executive Officer of the Company, certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:



(1) The Report fully complies with the requirements of section 3(a) or 15(d) of the Securities and Exchange Act of 1934; and



(2) The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.





/s/  Yonghong Dong

-----------------------

By: Yonghong Dong

Chief Executive Officer

October 30, 2002



In connection with the Annual Report of Wintech Digital Systems Technology Corp. (the "Company") on Form 10-QSB for the period ending December 31, 2001, as filed with the Securities and Exchange Commission on the date hereof (the "Report"), I, Jianpeng Zhang, Chief Financial Officer of the Company, certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:



(1) The Report fully complies with the requirements of section 3(a) or 15(d) of the Securities and Exchange Act of 1934; and



(2) The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.



/s/  Jianpeng Zhang

-------------------------

By: Jianpeng Zhang

Chief Financial Officer

October 30, 2002