----

----

| [X]            | QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934                         |
|----------------|-----------------------------------------------------------------------------------------------------------|
|           |  For the quarterly period ended June 30, 2010                                                   |
| [  ] | TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934                        |
|           |           For the transition period from _____ to _____ |

|                      Utah                   |              87-0427336            |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------|
| (State or Other Jurisdiction of                                                                                                                                                                                       | (I.R.S. Employer I.D. No.)                                                                                                                            |
| incorporation or organization)                                                                                                                                                                                        |                                                                                                                                                  |

----

|                                                                 |   | PAGES  |
|----------------------------------------------------------------------|--------|--------|
|                                                                 |   |   |
| Condensed Consolidated Balance Sheets                                |   | 2      |
|                                                                 |   |   |
| Condensed Consolidated Statements of Income and Comprehensive Income |   | 3      |
|                                                                 |   |   |
| Condensed Consolidated Statements of Cash Flows                      |   | 4      |
|                                                                 |   |   |
| Notes to Condensed Consolidated Financial Statements                 |   | 5-18   |

----

|                                                      |   | June 30,    |       |   | December 31, |   |
|-----------------------------------------------------------|--------|-------------|------------|--------|--------------|--------|
|                                                      |   | 2010        |       |   | 2009         |   |
|                                                      |   | (Unaudited) |       |   | (Audited)    |   |
| ASSETS                                                    |   |        |       |   |         |   |
|                                                      |   |        |       |   |         |   |
| Current Assets                                            |   |        |       |   |         |   |
| Cash and cash equivalents                                 |   | $           | 333,762    |   |         | $      | 2,624,780 |   |
| Trade receivables (Net allowance for doubtful accounts of |   |        |       |   |         |   |   |   |
| $11,093 for 2010 and $11,048 for 2009)                    |   |        | 2,672,058  |   |         |   | 2,163,647 |   |
| Inventories (Note 7)                                      |   |        | 2,302,865  |   |         |   | 1,707,931 |   |
| Value added tax recoverable                               |   |        | -          |   |         |   | 19,198 |   |
| Other receivables, deposits and prepayments (Note 8(a))   |   |        | 322,403    |   |         |   | 352,449 |   |
| Loans to third parties (Note 8(b))                        |   |        | 4,508,353  |   |         |   | 4,879,468 |   |
|                                                      |   |        |       |   |         |   |   |   |
| Total Current Assets                                      |   |        | 10,139,441 |   |         |   | 11,747,473 |   |
|                                                      |   |        |       |   |         |   |   |   |
| Property, plant and equipment, net (Note 9)               |   |        | 5,461,549  |   |         |   | 5,601,405 |   |
| Land-use-right                                            |   |        | 1,032,528  |   |         |   | 1,042,064 |   |
|                                                      |   |        |       |   |         |   |   |   |
| TOTAL ASSETS                                              |   | $           | 16,633,518 |   |         | $      | 18,390,942 |   |
|                                                      |   |        |       |   |         |   |   |   |
| LIABILITIES AND STOCKHOLDERS’ EQUITY                |   |        |       |   |         |   |   |   |
|                                                      |   |        |       |   |         |   |   |   |
| Current Liabilities                                       |   |        |       |   |         |   |   |   |
| Collateralized bank loan (Note 10)                        |   | $           | -          |   |         | $      | 2,934,000 |   |
| Trade payables                                            |   |        | 870,360    |   |         |   | 561,804 |   |
| Customer deposits                                         |   |        | 22,602     |   |         |   | 1,300 |   |
| Other payables and accrued liabilities (Note 11)          |   |        | 156,377    |   |         |   | 208,676 |   |
| Income tax payable                                        |   |        | 39,420     |   |         |   | 27,160 |   |
| Value added tax payable                                   |   |        | 35,299     |   |         |   | - |   |
|                                                      |   |        |       |   |         |   |   |   |
| TOTAL LIABILITIES                                         |   |        | 1,124,058  |   |         |   | 3,732,940 |   |
|                                                      |   |        |       |   |         |   |   |   |
| COMMITMENTS AND CONTINGENCIES (NOTE 12)                   |   |        |       |   |         |   |   |   |
|                                                      |   |        |       |   |         |   |   |   |
| STOCKHOLDERS’ EQUITY                                |   |        |       |   |         |   |   |   |
|                                                      |   |        |       |   |         |   |   |   |
| Common stock (Note 13)                                    |   |        | 19,484     |   |         |   | 19,484 |   |
| Additional paid-in capital                                |   |        | 3,294,543  |   |         |   | 3,294,543 |   |
| Retained earnings                                         |   |        | 7,729,839  |   |         |   | 7,074,258 |   |
| Statutory reserves                                        |   |        | 1,489,056  |   |         |   | 1,437,061 |   |
| Accumulated other comprehensive income                    |   |        | 1,387,153  |   |         |   | 1,330,394 |   |
|                                                      |   |        |       |   |         |   |   |   |
| TOTAL XINYINHAI TECHNOLOGY, LTD.STOCKHOLDERS' EQUITY      |   |        | 13,920,075 |   |         |   | 13,155,740 |   |
|                                                      |   |        |       |   |         |   |   |   |
| NONCONTROLLING INTERESTS (NOTE 3)                         |   |        | 1,589,385  |   |         |   | 1,502,262 |   |
|                                                      |   |        |       |   |         |   |   |   |
| TOTAL EQUITY                                              |   |        | 15,509,460 |   |         |   | 14,658,002 |   |
|                                                      |   |        |       |   |         |   |   |   |
| TOTAL LIABILITIES AND EQUITY                              |   | $           | 16,633,518 |   |         | $      | 18,390,942 |   |

----

|                                                                          |   |                        |       |   |                      |   |
|-------------------------------------------------------------------------------|--------|-----------------------------|------------|--------|---------------------------|--------|
|                                                                          |   | Three months ended June 30, |       |   | Six months ended June 30, |   |
|                                                                          |   | 2010                        |       |   | 2009                      |   |   | 2010 |   |   | 2009 |   |
|                                                                          |   |                        |       |   |                      |   |   |   |   |   |   |   |
| Revenues (Note 3)                                                             |   | $                           | 1,888,981  |   |                      | $      | 2,111,659 |   |   | $ | 4,063,359 |   |   | $ | 4,508,640 |   |
| Cost of revenues                                                              |   |                        | (1,202,001 | )      |                      |   | (1,354,153 | ) |   |   | (2,565,291 | ) |   |   | (2,875,181 | ) |
|                                                                          |   |                        |       |   |                      |   |   |   |   |   |   |   |   |   |   |   |
| Gross profit                                                                  |   |                        | 686,980    |   |                      |   | 757,506 |   |   |   | 1,498,068 |   |   |   | 1,633,459 |   |
|                                                                          |   |                        |       |   |                      |   |   |   |   |   |   |   |   |   |   |   |
| Operating expenses                                                            |   |                        |       |   |                      |   |   |   |   |   |   |   |   |   |   |   |
| Selling and distribution expenses                                             |   |                        | 47,369     |   |                      |   | 66,697 |   |   |   | 118,358 |   |   |   | 187,963 |   |
| General and administrative expenses                                           |   |                        | 242,169    |   |                      |   | 217,784 |   |   |   | 391,460 |   |   |   | 503,700 |   |
|                                                                          |   |                        |       |   |                      |   |   |   |   |   |   |   |   |   |   |   |
| Total expenses                                                                |   |                        | 289,538    |   |                      |   | 284,481 |   |   |   | 509,818 |   |   |   | 691,663 |   |
|                                                                          |   |                        |       |   |                      |   |   |   |   |   |   |   |   |   |   |   |
| Income from operations                                                        |   |                        | 397,442    |   |                      |   | 473,025 |   |   |   | 988,250 |   |   |   | 941,796 |   |
| Interest income                                                               |   |                        | 1,779      |   |                      |   | 5,465 |   |   |   | 2,998 |   |   |   | 6,047 |   |
| Other income                                                                  |   |                        | 1,737      |   |                      |   | 7,423 |   |   |   | 3,012 |   |   |   | 16,411 |   |
| Finance costs (Note 4)                                                        |   |                        | (63,315    | )      |                      |   | (14,891 | ) |   |   | (102,521 | ) |   |   | (15,088 | ) |
|                                                                          |   |                        |       |   |                      |   |   |   |   |   |   |   |   |   |   |   |
| Income before income taxes and                                                |   |                        |       |   |                      |   |   |   |   |   |   |   |   |   |   |   |
| noncontrolling interests                                                      |   |                        | 337,643    |   |                      |   | 471,022 |   |   |   | 891,739 |   |   |   | 949,166 |   |
| Income taxes (Note 5)                                                         |   |                        | (39,275    | )      |                      |   | (58,001 | ) |   |   | (103,520 | ) |   |   | (122,675 | ) |
|                                                                          |   |                        |       |   |                      |   |   |   |   |   |   |   |   |   |   |   |
| Net income before noncontrolling interests                                    |   |                        | 298,368    |   |                      |   | 413,021 |   |   |   | 788,219 |   |   |   | 826,491 |   |
| Net income attributable to noncontrollinginterests                            |   |                        | (30,755    | )      |                      |   | (46,012 | ) |   |   | (80,643 | ) |   |   | (92,193 | ) |
|                                                                          |   |                        |       |   |                      |   |   |   |   |   |   |   |   |   |   |   |
| Net income attributable to Xinyinhai Technology,Ltd. common stockholders      |   | $                           | 267,613    |   |                      | $      | 367,009 |   |   | $ | 707,576 |   |   | $ | 734,298 |   |
|                                                                          |   |                        |       |   |                      |   |   |   |   |   |   |   |   |   |   |   |
| Net income before noncontrolling interests                                    |   |                        | 298,368    |   |                      |   | 413,021 |   |   |   | 788,219 |   |   |   | 826,491 |   |
|                                                                          |   |                        |       |   |                      |   |   |   |   |   |   |   |   |   |   |   |
| Other comprehensive income/(loss)                                             |   |                        |       |   |                      |   |   |   |   |   |   |   |   |   |   |   |
| Foreign currency translation adjustments                                      |   |                        | 63,115     |   |                      |   | 1,578 |   |   |   | 63,239 |   |   |   | (16,844 | ) |
|                                                                          |   |                        |       |   |                      |   |   |   |   |   |   |   |   |   |   |   |
| Comprehensive income                                                          |   |                        | 361,483    |   |                      |   | 414,599 |   |   |   | 851,458 |   |   |   | 809,647 |   |
|                                                                          |   |                        |       |   |                      |   |   |   |   |   |   |   |   |   |   |   |
| Comprehensive income attributable to                                          |   |                        |       |   |                      |   |   |   |   |   |   |   |   |   |   |   |
|   noncontrolling interests                                          |   |                        | (37,217    | )      |                      |   | (46,274 | ) |   |   | (87,122 | ) |   |   | (90,509 | ) |
|                                                                          |   |                        |       |   |                      |   |   |   |   |   |   |   |   |   |   |   |
| Comprehensive income attributable to                                          |   |                        |       |   |                      |   |   |   |   |   |   |   |   |   |   |   |
|   Xingyinhai Technology, Ltd. common                                |   |                        |       |   |                      |   |   |   |   |   |   |   |   |   |   |   |
|   stockholders                                                      |   | $                           | 324,266    |   |                      | $      | 368,325 |   |   | $ | 764,336 |   |   | $ | 719,138 |   |
|                                                                          |   |                        |       |   |                      |   |   |   |   |   |   |   |   |   |   |   |
| Earnings per share attributable toXinyinhai Technology, Ltd. (Note 6) : basic |   |                        |       |   |                      |   |   |   |   |   |   |   |   |   |   |   |
| and diluted                                                                   |   | $                           | 0.01       |   |                      | $      | 0.02 |   |   | $ | 0.04 |   |   | $ | 0.04 |   |
|                                                                          |   |                        |       |   |                      |   |   |   |   |   |   |   |   |   |   |   |
| Weighted average number of                                                    |   |                        |       |   |                      |   |   |   |   |   |   |   |   |   |   |   |
| common stock outstanding                                                      |   |                        | 19,484,029 |   |                      |   | 19,484,029 |   |   |   | 19,484,029 |   |   |   | 19,484,029 |   |

----

|                                                                                                                                          |   | Six months ended June 30, |       |
|-----------------------------------------------------------------------------------------------------------------------------------------------|--------|---------------------------|------------|
|                                                                                                                                          |   | 2010                      |       |   | 2009 |   |
| Cash flows from operating activities                                                                                                          |   |                      |       |   |   |   |
| Net income attributable to Xinyinhai Technology Ltd.                                                                                          |   |                      |       |   |   |   |
|     common stockholders                                                                                                   |   | $                         | 707,576    |   |   | $ | 734,298 |   |
| Adjustments to reconcile net income attributable toXinyinhai Technology Ltd. common stockholders to net cashprovided by operating activities: |   |                      |       |   |   |   |   |   |
| Depreciation and amortization                                                                                                                 |   |                      | 231,836    |   |   |   | 311,160 |   |
| Other income                                                                                                                                  |   |                      | -          |   |   |   | (4,000 | ) |
| Loss on disposal of property, plant and equipment                                                                                             |   |                      | 3,822      |   |   |   | - |   |
| Noncontrolling interests                                                                                                                      |   |                      | 80,643     |   |   |   | 92,193 |   |
| Changes in operating assets and liabilities                                                                                                   |   |                      |       |   |   |   |   |   |
| Trade receivables                                                                                                                             |   |                      | (497,493   | ) |   |   | (576,298 | ) |
| Inventories                                                                                                                                   |   |                      | (585,515   | ) |   |   | (42,820 | ) |
| Other receivables, deposits and prepayments                                                                                                   |   |                      | 31,358     |   |   |   | 517,359 |   |
| Trade payables                                                                                                                                |   |                      | 304,990    |   |   |   | 28,631 |   |
| Customer deposits                                                                                                                             |   |                      | 21,209     |   |   |   | (101,791 | ) |
| Other payables and accrued liabilities                                                                                                        |   |                      | (52,909    | ) |   |   | (575,350 | ) |
| Income tax payable                                                                                                                            |   |                      | 12,099     |   |   |   | 17,600 |   |
| Value added tax payable                                                                                                                       |   |                      | 54,349     |   |   |   | (68,912 | ) |
|                                                                                                                                          |   |                      |       |   |   |   |   |   |
| Net cash flows provided by operating activities                                                                                               |   |                      | 311,965    |   |   |   | 332,070 |   |
|                                                                                                                                          |   |                      |       |   |   |   |   |   |
| Cash flows from investing activities                                                                                                          |   |                      |       |   |   |   |   |   |
| Loans to third parties                                                                                                                        |   |                      | (2,739,444 | ) |   |   | - |   |
| Loans repaid by third parties                                                                                                                 |   |                      | 3,128,896  |   |   |   | - |   |
| Payments to acquire property, plant and equipment and                                                                                         |   |                      |       |   |   |   |   |   |
|   land-use-right                                                                                                                    |   |                      | (60,581    | ) |   |   | (193,341 | ) |
| Sales proceeds from disposal of property, plant and equipment                                                                                 |   |                      | 755        |   |   |   | - |   |
|                                                                                                                                          |   |                      |       |   |   |   |   |   |
| Net cash flows provided by/(used in) investing activities                                                                                     |   |                      | 329,626    |   |   |   | (193,341 | ) |
|                                                                                                                                          |   |                      |       |   |   |   |   |   |
| Cash flows from financing activities                                                                                                          |   |                      |       |   |   |   |   |   |
| Repayment of bank loan                                                                                                                        |   |                      | (2,933,800 | ) |   |   | - |   |
|                                                                                                                                          |   |                      |       |   |   |   |   |   |
| Net cash flows used in financing activities                                                                                                   |   |                      | (2,933,800 | ) |   |   | - |   |
|                                                                                                                                          |   |                      |       |   |   |   |   |   |
| Effect of foreign currency translation on cash and cash equivalents                                                                           |   |                      | 1,191      |   |   |   | (1,135 | ) |
|                                                                                                                                          |   |                      |       |   |   |   |   |   |
| Net (decrease)/increase in cash and cash equivalents                                                                                          |   |                      | (2,291,018 | ) |   |   | 137,594 |   |
|                                                                                                                                          |   |                      |       |   |   |   |   |   |
| Cash and cash equivalents, beginning of period                                                                                                |   |                      | 2,624,780  |   |   |   | 495,060 |   |
|                                                                                                                                          |   |                      |       |   |   |   |   |   |
| Cash and cash equivalents, end of period                                                                                                      |   | $                         | 333,762    |   |   | $ | 632,654 |   |
|                                                                                                                                          |   |                      |       |   |   |   |   |   |
| Supplemental disclosures for cash flow information :-                                                                                         |   |                      |       |   |   |   |   |   |
| Income taxes paid                                                                                                                             |   | $                         | 91,421     |   |   | $ | 105,068 |   |

----

|   | (a) | Xinyinhai Technology, Ltd. (“Xinyinhai” or the “Company”) was incorporated in Utah on October 18, 1985.  It currently has two subsidiaries, Winner Sea Group Limited (“Winner Sea”) and Harbin Golden Sea Technology Printing Co., Ltd. (“Harbin Golden Sea”). |
|--------|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (b) | On June 29, 2006, the Company executed a share exchange agreement (the “Share Exchange”) with the stockholders of Winner Sea whereby the stockholders of Winner Sea exchanged all their Winner Sea shares for 18,000,000 shares of the Company’s common stock, representing 98.3% of the then outstanding stock of the Company. |
|--------|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

----

|      |   | Three months endedJune 30, |    |   | Six months endedJune 30, |   |
|-----------|--------|----------------------------|---------|--------|--------------------------|--------|
|      |   | 2010                       |    |   | 2009                     |   |   | 2010 |   |   | 2009 |   |
|      |   |                       |    |   |                     |   |   |   |   |   |   |   |
| Company A |   | $                          | 322,201 |   |                     | $      | 224,876 |   |   | $ | 744,605 |   |   | $ | 317,031 |   |
| Company B |   |                       | 123,250 |   |                     |   | 59,190 |   |   |   | 481,326 |   |   |   | 109,490 |   |
| Company C |   |                       | 204,853 |   |                     |   | 136,187 |   |   |   | 448,923 |   |   |   | 299,333 |   |
| Company D |   |                       | 141,977 |   |                     |   | 200,204 |   |   |   | 424,447 |   |   |   | 292,407 |   |
| Company E |   |                       | 67,103  |   |                     |   | 136,034 |   |   |   | 420,423 |   |   |   | 295,439 |   |
|      |   |                       |    |   |                     |   |   |   |   |   |   |   |   |   |   |   |
|      |   | $                          | 859,384 |   |                     | $      | 756,491 |   |   | $ | 2,519,724 |   |   | $ | 1,313,700 |   |

----

|                              | Depreciable life |
|-----------------------------------|------------------|
|                              |             |
| Buildings                         | 20 years         |
| Plant and machinery               | 10 years         |
| Furniture, fixtures and equipment | 5 years          |
| Motor vehicles                    | 10 years         |

|   | (a) | The Company recognizes revenue from the sale of printed forms upon delivery to the customers and the transfer of title and risk of loss.  Because the majority of products are customized to meet customer specifications, product returns are not significant. |
|--------|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (b) | Trading of equipment, plasma arc cutting machines, does not require significant modification or customization.  Revenue from sale of the equipment and associated spare parts is recognized at the time of delivery of products to customers and when the title and ownership are passed to the customers. |
|--------|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

----

----

----

|          |   | Three months endedJune 30, |   |   | Six months endedJune 30, |   |
|---------------|--------|----------------------------|--------|--------|--------------------------|--------|
|          |   | 2010                       |   |   | 2009                     |   |   | 2010 |   |   | 2009 |   |
|          |   |                       |   |   |                     |   |   |   |   |   |   |   |
| Bank interest |   | $                          | 40,284 |   |                     | $      | 14,728 |   |   | $ | 79,220 |   |   | $ | 14,728 |   |
| Bank charges  |   |                       | 23,031 |   |                     |   | 163 |   |   |   | 23,301 |   |   |   | 360 |   |
|          |   |                       |   |   |                     |   |   |   |   |   |   |   |   |   |   |   |
|          |   | $                          | 63,315 |   |                     | $      | 14,891 |   |   | $ | 102,521 |   |   | $ | 15,088 |   |

----

|             |   | June 30, |      |   | December 31, |   |
|------------------|--------|----------|-----------|--------|--------------|--------|
|             |   | 2010     |      |   | 2009         |   |
|             |   |     |      |   | (Audited)    |   |
|             |   |     |      |   |         |   |
| Raw materials    |   | $        | 1,250,040 |   |         | $      | 1,033,203 |   |
| Work in progress |   |     | 166,959   |   |         |   | 209,966 |   |
| Finished goods   |   |     | 885,866   |   |         |   | 464,762 |   |
|             |   |     |      |   |         |   |   |   |
|             |   | $        | 2,302,865 |   |         | $      | 1,707,931 |   |

----

|              |   | June 30, |    |   | December 31, |   |
|-------------------|--------|----------|---------|--------|--------------|--------|
|              |   | 2010     |    |   | 2009         |   |
|              |   |     |    |   | (Audited)    |   |
|              |   |     |    |   |         |   |
| Deposits          |   | $        | 71,883  |   |         | $      | 189,126 |   |
| Retention money   |   |     | 7,900   |   |         |   | 14,670 |   |
| Advances to staff |   |     | 204,888 |   |         |   | 110,832 |   |
| Prepayments       |   |     | 1,425   |   |         |   | 1,662 |   |
| Other receivables |   |     | 36,307  |   |         |   | 36,159 |   |
|              |   |     |    |   |         |   |   |   |
|              |   | $        | 322,403 |   |         | $      | 352,449 |   |

----

|                               |   | June 30, |       |   | December 31, |   |
|------------------------------------|--------|----------|------------|--------|--------------|--------|
|                               |   | 2010     |       |   | 2009         |   |
|                               |   |     |       |   | (Audited)    |   |
|                               |   |     |       |   |         |   |
| Buildings                          |   | $        | 4,204,745  |   |         | $      | 4,158,278 |   |
| Plant and machinery                |   |     | 2,964,651  |   |         |   | 2,930,257 |   |
| Motor vehicles                     |   |     | 434,291    |   |         |   | 432,914 |   |
| Furniture, fixtures and equipment  |   |     | 96,241     |   |         |   | 92,613 |   |
|                               |   |     |       |   |         |   |   |   |
|                               |   |     | 7,699,928  |   |         |   | 7,614,062 |   |
| Accumulated depreciation           |   |     | (2,238,379 | )      |         |   | (2,012,657 | ) |
|                               |   |     |       |   |         |   |   |   |
| Property, plant and equipment, net |   | $        | 5,461,549  |   |         | $      | 5,601,405 |   |

|                              |   | June 30, |   |   | December 31, |   |
|-----------------------------------|--------|----------|--------|--------|--------------|--------|
|                              |   | 2010     |   |   | 2009         |   |
|                              |   |     |   |   | (Audited)    |   |
|                              |   |     |   |   |         |   |
| Bank loan repayable within 1 year |   | $        | -      |   |         | $      | 2,934,000 |   |

|                                         |   | June 30, |    |   | December 31, |   |
|----------------------------------------------|--------|----------|---------|--------|--------------|--------|
|                                         |   | 2010     |    |   | 2009         |   |
|                                         |   |     |    |   | (Audited)    |   |
|                                         |   |     |    |   |         |   |
| Other payables                               |   | $        | 133,038 |   |         | $      | 132,534 |   |
| Accrued statutory staff welfare and salaries |   |     | 17,179  |   |         |   | 28,982 |   |
| Accrued liabilities                          |   |     | 6,160   |   |         |   | 47,160 |   |
|                                         |   |     |    |   |         |   |   |   |
|                                         |   | $        | 156,377 |   |         | $      | 208,676 |   |

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|                                      |   | No. of shares |       |   | Amount |   |
|-------------------------------------------|--------|---------------|------------|--------|--------|--------|
| Authorized:-                              |   |          |       |   |   |   |
|                                      |   |          |       |   |   |   |
| Common stock at USD0.001 par value        |   |          | 40,000,000 |   |   | $      | 40,000 |   |
|                                      |   |          |       |   |   |   |   |   |
| Issued and outstanding:-                  |   |          |       |   |   |   |   |   |
|                                      |   |          |       |   |   |   |   |   |
| As of June 30, 2010 and December 31, 2009 |   |          | 19,484,029 |   |   | $      | 19,484 |   |

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|                  |   | Printing Products           |       |   | Trading of Equipment        |      |       | Total                       |   |
|-----------------------|--------|-----------------------------|------------|--------|-----------------------------|-----------|------------|-----------------------------|--------|
|                  |   |                        |       |   |                        |      |       |                        |   |
|                  |   | Six months ended June 30,   |       |   | Six months ended June 30,   |      |       | Six months ended June 30,   |   |
|                  |   | 2010                        |       |   | 2009                        |      |       | 2010                        |   |   | 2009 |   |   | 2010 |   |   | 2009 |   |
| Revenues              |   | $                           | 3,813,388  |   |                        | $         | 3,749,970  |                        |   | $ | 249,971 |   |   | $ | 758,670 |   |   | $ | 4,063,359 |   |   | $ | 4,508,640 |   |
| Segment profit/(loss) |   | $                           | 967,865    |   |                        | $         | 950,923    |                        |   | $ | (65,922 | ) |   | $ | 75,177 |   |   | $ | 901,943 |   |   | $ | 1,026,100 |   |
|                  |   |                        |       |   |                        |      |       |                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                  |   |                        |       |   |                        |      |       |                        |   |
|                  |   | Three months ended June 30, |       |   | Three months ended June 30, |      |       | Three months ended June 30, |   |
|                  |   |                        | 2010       |   |                        |      | 2009       |                        |   |   | 2010 |   |   |   | 2009 |   |   |   | 2010 |   |   |   | 2009 |   |
| Revenues              |   | $                           | 1,786,178  |   |                        | $         | 1,889,893  |                        |   | $ | 102,803 |   |   | $ | 221,766 |   |   | $ | 1,888,981 |   |   | $ | 2,111,659 |   |
| Segment profit/(loss) |   | $                           | 379,431    |   |                        | $         | 482,891    |                        |   | $ | (40,640 | ) |   | $ | 28,259 |   |   | $ | 338,791 |   |   | $ | 511,150 |   |
|                  |   |                        |       |   |                        |      |       |                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                  |   |                        |       |   |                        |      |       |                        |   |   |   |   |   |   |   |   |   |   |
|                  |   | June 30,                    |       |   | December 31,                |      |       | June 30,                    |   |   | December 31, |   |   | June 30, |   |   | December 31, |   |
|                  |   |                        | 2010       |   |                        |      | 2009       |                        |   |   | 2010 |   |   |   | 2009 |   |   |   | 2010 |   |   |   | 2009 |   |
|                  |   |                        |       |   |                        | (Audited) |       |                        |   |   |   |   | (Audited) |   |   |   |   |   |   | (Audited) |   |
| Segment assets        |   | $                           | 10,444,050 |   |                        | $         | 11,658,140 |                        |   | $ | 608,012 |   |   | $ | 767,542 |   |   | $ | 11,052,062 |   |   | $ | 12,425,682 |   |

|                                                              |   | Three months endedJune 30, |      |   | Six months endedJune 30, |   |
|-------------------------------------------------------------------|--------|----------------------------|-----------|--------|--------------------------|--------|
|                                                              |   | 2010                       |      |   | 2009                     |   |   | 2010 |   |   | 2009 |   |
|                                                              |   |                       |      |   |                     |   |   |   |   |   |   |   |
| Total consolidated revenue                                        |   | $                          | 1,888,981 |   |                     | $      | 2,111,659 |   |   | $ | 4,063,359 |   |   | $ | 4,508,640 |   |
|                                                              |   |                       |      |   |                     |   |   |   |   |   |   |   |   |   |   |   |
| Total income for reportable segments                              |   | $                          | 338,791   |   |                     | $      | 511,150 |   |   | $ | 901,943 |   |   | $ | 1,026,100 |   |
| Unallocated amounts relating to                                   |   |                       |      |   |                     |   |   |   |   |   |   |   |   |   |   |   |
|   operations :                                          |   |                       |      |   |                     |   |   |   |   |   |   |   |   |   |   |   |
|     Amortization of prepaid                   |   |                       |      |   |                     |   |   |   |   |   |   |   |   |   |   |   |
|       expenses and professional fee |   |                       | -         |   |                     |   | (40,128 | ) |   |   | - |   |   |   | (76,934 | ) |
|     General and administrative                |   |                       |      |   |                     |   |   |   |   |   |   |   |   |   |   |   |
|       expenses                      |   |                       | (1,148    | )      |                     |   | - |   |   |   | (10,204 | ) |   |   | - |   |
|                                                              |   |                       |      |   |                     |   |   |   |   |   |   |   |   |   |   |   |
| Income before income taxes and                                    |   |                       |      |   |                     |   |   |   |   |   |   |   |   |   |   |   |
|   noncontrolling interests                              |   | $                          | 337,643   |   |                     | $      | 471,022 |   |   | $ | 891,739 |   |   | $ | 949,166 |   |

----

|                                          |   | June 30, |       |   | December 31, |   |
|-----------------------------------------------|--------|----------|------------|--------|--------------|--------|
|                                          |   | 2010     |       |   | 2009         |   |
|                                          |   |     |       |   | (Audited)    |   |
| Assets                                        |   |     |       |   |         |   |
|                                          |   |     |       |   |         |   |
| Total assets for reportable segments          |   | $        | 11,052,062 |   |         | $      | 12,425,682 |   |
| Unallocated amounts relating to operations :- |   |     |       |   |         |   |   |   |
| Building and land-use-right                   |   |     | 1,033,785  |   |         |   | 1,046,590 |   |
| Other receivables                             |   |     | 36,307     |   |         |   | 36,160 |   |
| Loans to third parties                        |   |     | 4,508,353  |   |         |   | 4,879,468 |   |
| Cash and cash equivalents                     |   |     | 3,011      |   |         |   | 3,042 |   |
|                                          |   |     |       |   |         |   |   |   |
| Total                                         |   | $        | 16,633,518 |   |         | $      | 18,390,942 |   |

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| ITEM 2. | MANAGEMENT DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS |
|---------|-------------------------------------------------------------------------------------|

----

|   | · | the disruption in the Chinese banking industry forced us to price our products more aggressively; |
|--------|--------|---------------------------------------------------------------------------------------------------|

|   | · | our move at the end of 2008 to a larger manufacturing facility with upgraded equipment increased our annual depreciation expense by more than 50%; and |
|--------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | the reduction in our sales volume led to inefficient use of the new larger facility. |
|--------|--------|--------------------------------------------------------------------------------------|

----

----

| ITEM 3. | QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK |
|---------|------------------------------------------------------------|

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|   | 31.1 | Rule 13a-14(a) Certification – Chief Executive Officer |
|--------|------|--------------------------------------------------------------|
|   | 31.2 | Rule 13a-14(a) Certification – Chief Financial Officer |
|   | 32   | Rule 13a-14(b) Certification                                 |

|                  | XINYINHAI TECHNOLOGY, LTD.                                                 |
|-----------------------|----------------------------------------------------------------------------|
|                  |                                                                       |
| Date: August 16, 2010 | By: /s/ Tian Ling                                                          |
|                  |       Tian Ling, Chief Executive Officer     |
|                  |                                                                       |
|                  | By: /s/ Du Song                                                            |
|                  |        Du Song, Chief Financial Officer |

----