----

----

| [X]            | QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934              |
|----------------|-----------------------------------------------------------------------------------------------------|
|           | For the quarterly period ended March 31, 2011                                                  |
| [  ] | 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)  |                       |

| No. 4, Yantai Road, Centralized Park Haping Road, Harbin Development Zone, China 150060 |
|-----------------------------------------------------------------------------------------|
| (Address of Principal Executive Offices)                                                |
|                                                                                    |
| 86-451-868-11118                                                                        |
| Issuer's Telephone Number:                                                              |

----

|                                                                            |   | PAGES  |
|---------------------------------------------------------------------------------|--------|--------|
|                                                                            |   |   |
| Condensed Consolidated Balance Sheets                                           |   | 2      |
|                                                                            |   |   |
| Condensed Consolidated Statements of Operations and Comprehensive (Loss)/Income |   | 3      |
|                                                                            |   |   |
| Condensed Consolidated Statements of Cash Flows                                 |   | 4      |
|                                                                            |   |   |
| Notes to Condensed Consolidated Financial Statements                            |   | 5 - 17 |

----

|                                                         |   | March 31,   |       |   | December 31, |   |
|--------------------------------------------------------------|--------|-------------|------------|--------|--------------|--------|
|                                                         |   | 2011        |       |   | 2010         |   |
|                                                         |   | (Unaudited) |       |   |         |   |
| ASSETS                                                       |   |        |       |   |         |   |
|                                                         |   |        |       |   |         |   |
| Current Assets                                               |   |        |       |   |         |   |
| Cash and cash equivalents                                    |   | $           | 2,913,340  |   |         | $      | 3,692,174 |   |
| Trade receivables (Net of allowance for doubtful accounts of |   |        |       |   |         |   |   |   |
| $4,613 for 2011 and $4,598 for 2010)                         |   |        | 3,534,342  |   |         |   | 2,199,189 |   |
| Inventories (Note 7)                                         |   |        | 1,806,558  |   |         |   | 1,675,516 |   |
| Income tax recoverable                                       |   |        | 1,637      |   |         |   | - |   |
| Other receivables, deposits and prepayments (Note 8(a))      |   |        | 997,783    |   |         |   | 973,066 |   |
| Loan to a third party (Note 8(b))                            |   |        | 6,392,400  |   |         |   | 6,371,400 |   |
|                                                         |   |        |       |   |         |   |   |   |
| Total Current Assets                                         |   |        | 15,646,060 |   |         |   | 14,911,345 |   |
|                                                         |   |        |       |   |         |   |   |   |
| Property, plant and equipment, net (Note 9)                  |   |        | 5,277,923  |   |         |   | 5,380,708 |   |
| Land-use-right                                               |   |        | 1,045,490  |   |         |   | 1,049,161 |   |
|                                                         |   |        |       |   |         |   |   |   |
| TOTAL ASSETS                                                 |   | $           | 21,969,473 |   |         | $      | 21,341,214 |   |
|                                                         |   |        |       |   |         |   |   |   |
| LIABILITIES AND STOCKHOLDERS’ EQUITY                   |   |        |       |   |         |   |   |   |
|                                                         |   |        |       |   |         |   |   |   |
| Current Liabilities                                          |   |        |       |   |         |   |   |   |
| Collateralized bank loan (Note 10)                           |   | $           | 4,566,000  |   |         | $      | 4,551,000 |   |
| Trade payables                                               |   |        | 903,397    |   |         |   | 368,062 |   |
| Customer deposits                                            |   |        | 33,706     |   |         |   | 17,664 |   |
| Other payables and accrued liabilities (Note 11)             |   |        | 243,037    |   |         |   | 134,884 |   |
| Value added tax payable                                      |   |        | 62,172     |   |         |   | 10,722 |   |
| Income tax payable                                           |   |        | -          |   |         |   | 27,253 |   |
|                                                         |   |        |       |   |         |   |   |   |
| TOTAL LIABILITIES                                            |   |        | 5,808,312  |   |         |   | 5,109,585 |   |
|                                                         |   |        |       |   |         |   |   |   |
| 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 |   |
| Statutory reserves                                           |   |        | 1,565,971  |   |         |   | 1,565,971 |   |
| Accumulated other comprehensive income                       |   |        | 1,853,399  |   |         |   | 1,805,479 |   |
| Retained earnings                                            |   |        | 7,765,603  |   |         |   | 7,877,721 |   |
|                                                         |   |        |       |   |         |   |   |   |
| TOTAL XINYINHAI TECHNOLOGY, LTD. STOCKHOLDERS' EQUITY        |   |        | 14,499,000 |   |         |   | 14,563,198 |   |
|                                                         |   |        |       |   |         |   |   |   |
| NONCONTROLLING INTERESTS (NOTE 3)                            |   |        | 1,662,161  |   |         |   | 1,668,431 |   |
|                                                         |   |        |       |   |         |   |   |   |
| TOTAL EQUITY                                                 |   |        | 16,161,161 |   |         |   | 16,231,629 |   |
|                                                         |   |        |       |   |         |   |   |   |
| TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY                   |   | $           | 21,969,473 |   |         | $      | 21,341,214 |   |

----

|                                                                                                          |   | Three months ended March 31, |       |
|---------------------------------------------------------------------------------------------------------------|--------|------------------------------|------------|
|                                                                                                          |   | 2011                         |       |   | 2010 |   |
|                                                                                                          |   |                         |       |   |   |   |
| Revenues (Note 3)                                                                                             |   | $                            | 1,912,740  |   |   | $ | 2,174,378 |   |
| Cost of revenues                                                                                              |   |                         | (1,620,304 | ) |   |   | (1,363,290 | ) |
|                                                                                                          |   |                         |       |   |   |   |   |   |
| Gross profit                                                                                                  |   |                         | 292,436    |   |   |   | 811,088 |   |
|                                                                                                          |   |                         |       |   |   |   |   |   |
| Operating expenses                                                                                            |   |                         |       |   |   |   |   |   |
| Selling and distribution expenses                                                                             |   |                         | 80,405     |   |   |   | 70,989 |   |
| General and administrative expenses                                                                           |   |                         | 293,424    |   |   |   | 149,291 |   |
| Research and development expenses                                                                             |   |                         | 16,736     |   |   |   | - |   |
|                                                                                                          |   |                         |       |   |   |   |   |   |
| Total expenses                                                                                                |   |                         | 390,565    |   |   |   | 220,280 |   |
|                                                                                                          |   |                         |       |   |   |   |   |   |
| (Loss)/income from operations                                                                                 |   |                         | (98,129    | ) |   |   | 590,808 |   |
| Interest income                                                                                               |   |                         | 4,180      |   |   |   | 1,219 |   |
| Other income                                                                                                  |   |                         | 37,974     |   |   |   | 1,275 |   |
| Finance costs (Note 4)                                                                                        |   |                         | (67,046    | ) |   |   | (39,206 | ) |
|                                                                                                          |   |                         |       |   |   |   |   |   |
| (Loss)/income before income taxes and noncontrolling interests                                                |   |                         | (123,021   | ) |   |   | 554,096 |   |
| Income taxes (Note 5)                                                                                         |   |                         | (835       | ) |   |   | (64,245 | ) |
|                                                                                                          |   |                         |       |   |   |   |   |   |
| Net (loss)/income before noncontrolling interest                                                              |   |                         | (123,856   | ) |   |   | 489,851 |   |
| Net loss/(income) attributable to noncontrolling interests                                                    |   |                         | 11,738     |   |   |   | (49,888 | ) |
|                                                                                                          |   |                         |       |   |   |   |   |   |
| Net (loss)/income attributable to Xinyinhai Technology, Ltd.  common stockholders                   |   | $                            | (112,118   | ) |   | $ | 439,963 |   |
|                                                                                                          |   |                         |       |   |   |   |   |   |
| Net (loss)/income before noncontrolling interests                                                             |   | $                            | (123,856   | ) |   | $ | 489,851 |   |
| Other comprehensive income                                                                                    |   |                         |       |   |   |   |   |   |
| Foreign currency translation adjustments                                                                      |   |                         | 53,388     |   |   |   | 124 |   |
|                                                                                                          |   |                         |       |   |   |   |   |   |
| Comprehensive (loss)/income                                                                                   |   |                         | (70,468    | ) |   |   | 489,975 |   |
| Comprehensive loss/(income) attributable to noncontrolling interests                                          |   |                         | 6,270      |   |   |   | (49,905 | ) |
|                                                                                                          |   |                         |       |   |   |   |   |   |
| Comprehensive (loss)/income attributable to  Xinyinhai Technology, Ltd. common stockholders         |   | $                            | (64,198    | ) |   | $ | 440,070 |   |
|                                                                                                          |   |                         |       |   |   |   |   |   |
| (Loss)/earnings per share attributable to XinyinhaiTechnology, Ltd. stockholders (Note 6) : basic and diluted |   | $                            | (0.006     | ) |   | $ | 0.023 |   |
|                                                                                                          |   |                         |       |   |   |   |   |   |
| Weighted average number of common stock outstanding                                                           |   |                         | 19,484,029 |   |   |   | 19,484,029 |   |

----

|                                                                                                                                               |   | Three months ended March 31, |       |
|----------------------------------------------------------------------------------------------------------------------------------------------------|--------|------------------------------|------------|
|                                                                                                                                               |   | 2011                         |       |   | 2010 |   |
| Cash flows from operating activities                                                                                                               |   |                         |       |   |   |   |
| Net (loss)/income attributable to Xinyinhai Technology Ltd.                                                                                        |   |                         |       |   |   |   |
|   common stockholders                                                                                                                    |   | $                            | (112,118   | ) |   | $ | 439,963 |   |
| Adjustments to reconcile net (loss)/income attributable to XinyinhaiTechnology Ltd. common stockholders to net cash used in operating activities : |   |                         |       |   |   |   |   |   |
| Depreciation and amortization                                                                                                                      |   |                         | 127,977    |   |   |   | 114,363 |   |
| Noncontrolling interests                                                                                                                           |   |                         | (11,738    | ) |   |   | 49,888 |   |
| Changes in operating assets and liabilities                                                                                                        |   |                         |       |   |   |   |   |   |
| Trade receivables                                                                                                                                  |   |                         | (1,324,415 | ) |   |   | (698,553 | ) |
| Inventories                                                                                                                                        |   |                         | (125,190   | ) |   |   | (347,942 | ) |
| Other receivables, deposits and prepayments                                                                                                        |   |                         | (21,453    | ) |   |   | 45,243 |   |
| Trade payables                                                                                                                                     |   |                         | 532,718    |   |   |   | 226,816 |   |
| Customer deposits                                                                                                                                  |   |                         | 15,942     |   |   |   | 9,939 |   |
| Other payables and accrued liabilities                                                                                                             |   |                         | 107,598    |   |   |   | (96,931 | ) |
| Income tax recoverable/payable                                                                                                                     |   |                         | (28,903    | ) |   |   | 37,095 |   |
| Value added tax payable                                                                                                                            |   |                         | 51,280     |   |   |   | 52,421 |   |
|                                                                                                                                               |   |                         |       |   |   |   |   |   |
| Net cash flows used in operating activities                                                                                                        |   |                         | (788,302   | ) |   |   | (167,698 | ) |
|                                                                                                                                               |   |                         |       |   |   |   |   |   |
| Cash flow from investing activities                                                                                                                |   |                         |       |   |   |   |   |   |
| Loans to third parties                                                                                                                             |   |                         | (6,375,600 | ) |   |   | (422,309 | ) |
| Loans repaid by third parties                                                                                                                      |   |                         | 6,375,600  |   |   |   | 37,105 |   |
| Payments to acquire property, plant and equipment                                                                                                  |   |                         | (664       | ) |   |   | (57,330 | ) |
|                                                                                                                                               |   |                         |       |   |   |   |   |   |
| Net cash flows used in investing activities                                                                                                        |   |                         | (664       | ) |   |   | (442,534 | ) |
|                                                                                                                                               |   |                         |       |   |   |   |   |   |
| Effect of foreign currency translation on cash and cash equivalents                                                                                |   |                         | 10,132     |   |   |   | (122 | ) |
|                                                                                                                                               |   |                         |       |   |   |   |   |   |
| Net decrease in cash and cash equivalents                                                                                                          |   |                         | (778,834   | ) |   |   | (610,354 | ) |
|                                                                                                                                               |   |                         |       |   |   |   |   |   |
| Cash and cash equivalents, beginning of period                                                                                                     |   |                         | 3,692,174  |   |   |   | 2,624,780 |   |
|                                                                                                                                               |   |                         |       |   |   |   |   |   |
| Cash and cash equivalents, end of period                                                                                                           |   | $                            | 2,913,340  |   |   | $ | 2,014,426 |   |
|                                                                                                                                               |   |                         |       |   |   |   |   |   |
| Supplemental disclosures for cash flow information :-                                                                                              |   |                         |       |   |   |   |   |   |
| Cash paid for :-                                                                                                                                   |   |                         |       |   |   |   |   |   |
| Interest expenses                                                                                                                                  |   | $                            | 66,500     |   |   | $ | 38,936 |   |
| Income taxes                                                                                                                                       |   | $                            | 29,738     |   |   | $ | 27,151 |   |

----

|   | (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 endedMarch 31,(Unaudited) |    |
|-----------|--------|----------------------------------------|---------|
|      |   | 2011                                   |    |   | 2010 |   |
|      |   |                                   |    |   |   |   |
| Company A |   | $                                      | 161,489 |   |   | $ | 357,771 |   |
| Company B |   |                                   | 179,780 |   |   |   | 352,812 |   |
| Company C |   |                                   | 232,360 |   |   |   | 234,165 |   |
|      |   |                                   |    |   |   |   |   |   |
|      |   | $                                      | 573,629 |   |   | $ | 944,748 |   |

|      |   | March 31,   |            |   | December 31, |   |
|-----------|--------|-------------|-----------------|--------|--------------|--------|
|      |   | 2011        |            |   | 2010         |   |
|      |   | (Unaudited) |            |   |         |   |
|      |   |        |            |   |         |   |
| Company A |   | $           | 484,248         |   |         | $      | 295,082 |   |
| Company B |   |        | 106,013         |   |         |   | 265,747 |   |
| Company C |   |        |  720,473   |   |         |   | 278,013 |   |
|      |   |        |            |   |         |   |   |   |
|      |   | $           |  1,310,734 |   |         | $      | 838,842 |   |

----

|                              | Depreciable life |
|-----------------------------------|------------------|
|                              |             |
| Buildings                         | 20 years         |
| Plant and machinery               | 10 years         |
| Motor vehicles                    | 10 years         |
| Furniture, fixtures and equipment | 5 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 endedMarch 31,(Unaudited) |   |
|---------------|--------|----------------------------------------|--------|
|          |   | 2011                                   |   |   | 2010 |   |
|          |   |                                   |   |   |   |   |
| Bank interest |   | $                                      | 66,500 |   |   | $ | 38,936 |   |
| Bank charges  |   |                                   | 546    |   |   |   | 270 |   |
|          |   |                                   |   |   |   |   |   |   |
|          |   | $                                      | 67,046 |   |   | $ | 39,206 |   |

----

----

|             |   | March 31,   |      |   | December 31, |   |
|------------------|--------|-------------|-----------|--------|--------------|--------|
|             |   | 2011        |      |   | 2010         |   |
|             |   | (Unaudited) |      |   |         |   |
|             |   |        |      |   |         |   |
| Raw materials    |   | $           | 1,132,289 |   |         | $      | 830,663 |   |
| Work in progress |   |        | 314,746   |   |         |   | 301,245 |   |
| Finished goods   |   |        | 359,523   |   |         |   | 543,608 |   |
|             |   |        |      |   |         |   |   |   |
|             |   | $           | 1,806,558 |   |         | $      | 1,675,516 |   |

|              |   | March 31,   |    |   | December 31, |   |
|-------------------|--------|-------------|---------|--------|--------------|--------|
|              |   | 2011        |    |   | 2010         |   |
|              |   | (Unaudited) |    |   |         |   |
|              |   |        |    |   |         |   |
| Deposits          |   | $           | 708,601 |   |         | $      | 713,097 |   |
| Retention money   |   |        | 25,535  |   |         |   | 17,865 |   |
| Advances to staff |   |        | 196,871 |   |         |   | 202,083 |   |
| Prepayments       |   |        | 30,527  |   |         |   | 2,629 |   |
| Other receivables |   |        | 36,249  |   |         |   | 37,392 |   |
|              |   |        |    |   |         |   |   |   |
|              |   | $           | 997,783 |   |         | $      | 973,066 |   |

----

|                               |   | March 31,   |       |   | December 31, |   |
|------------------------------------|--------|-------------|------------|--------|--------------|--------|
|                               |   | 2011        |       |   | 2010         |   |
|                               |   | (Unaudited) |       |   |         |   |
|                               |   |        |       |   |         |   |
| Buildings                          |   | $           | 4,350,778  |   |         | $      | 4,336,485 |   |
| Plant and machinery                |   |        | 3,063,938  |   |         |   | 3,053,208 |   |
| Motor vehicles                     |   |        | 448,738    |   |         |   | 447,264 |   |
| Furniture, fixtures and equipment  |   |        | 96,975     |   |         |   | 96,658 |   |
|                               |   |        |       |   |         |   |   |   |
|                               |   |        | 7,960,429  |   |         |   | 7,933,615 |   |
| Accumulated depreciation           |   |        | (2,682,506 | )      |         |   | (2,552,907 | ) |
|                               |   |        |       |   |         |   |   |   |
| Property, plant and equipment, net |   | $           | 5,277,923  |   |         | $      | 5,380,708 |   |

----

|                              |   | March 31,   |      |   | December 31, |   |
|-----------------------------------|--------|-------------|-----------|--------|--------------|--------|
|                              |   | 2011        |      |   | 2010         |   |
|                              |   | (Unaudited) |      |   |         |   |
|                              |   |        |      |   |         |   |
| Bank loan repayable within 1 year |   | $           | 4,566,000 |   |         | $      | 4,551,000 |   |

|                |   | March 31,   |      |   | December 31, |   |
|---------------------|--------|-------------|-----------|--------|--------------|--------|
|                |   | 2011        |      |   | 2010         |   |
|                |   | (Unaudited) |      |   |         |   |
|                |   |        |      |   |         |   |
| Buildings           |   | $           | 3,642,722 |   |         | $      | 3,684,961 |   |
| Plant and machinery |   |        | 920,435   |   |         |   | 954,418 |   |
|                |   |        |      |   |         |   |   |   |
|                |   | $           | 4,563,157 |   |         | $      | 4,639,379 |   |

|                                         |   | March 31,   |    |   | December 31, |   |
|----------------------------------------------|--------|-------------|---------|--------|--------------|--------|
|                                         |   | 2011        |    |   | 2010         |   |
|                                         |   | (Unaudited) |    |   |         |   |
|                                         |   |        |    |   |         |   |
| Other payables                               |   | $           | 136,644 |   |         | $      | 42,489 |   |
| Accrued statutory staff welfare and salaries |   |        | 52,785  |   |         |   | 45,235 |   |
| Accrued liabilities                          |   |        | 53,608  |   |         |   | 47,160 |   |
|                                         |   |        |    |   |         |   |   |   |
|                                         |   | $           | 243,037 |   |         | $      | 134,884 |   |

----

|                                       |   | No. of shares |       |   | Amount |   |
|--------------------------------------------|--------|---------------|------------|--------|--------|--------|
| Authorized:-                               |   |          |       |   |   |   |
|                                       |   |          |       |   |   |   |
| Common stock at USD0.001 par value         |   |          | 40,000,000 |   |   | $      | 40,000 |   |
|                                       |   |          |       |   |   |   |   |   |
| Issued and outstanding:-                   |   |          |       |   |   |   |   |   |
|                                       |   |          |       |   |   |   |   |   |
| As of March 31, 2011 and December 31, 2010 |   |          | 19,484,029 |   |   | $      | 19,484 |   |

|                  |   | Printing Products                       |       |   | Trading of Equipment                    |   |       | Total                                   |   |
|-----------------------|--------|-----------------------------------------|------------|--------|-----------------------------------------|--------|------------|-----------------------------------------|--------|
|                  |   | Three months ended March 31,(Unaudited) |       |   | Three months ended March 31,(Unaudited) |   |       | Three months ended March 31,(Unaudited) |   |
|                  |   | 2011                                    |       |   | 2010                                    |   |       | 2011                                    |   |   | 2010 |   |   | 2011 |   |   | 2010 |   |
|                  |   |                                    |       |   |                                    |   |       |                                    |   |   |   |   |   |   |   |   |   |   |
| Revenues              |   | $                                       | 1,839,877  |   |                                    | $      | 2,027,210  |                                    |   | $ | 72,863 |   |   | $ | 147,168 |   |   | $ | 1,912,740 |   |   | $ | 2,174,378 |   |
| Segment (loss)/income |   | $                                       | (19,398    | )      |                                    | $      | 588,434    |                                    |   | $ | (85,019 | ) |   | $ | (25,282 | ) |   | $ | (104,417 | ) |   | $ | 563,152 |   |
|                  |   |                                    |       |   |                                    |   |       |                                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                  |   | March 31,                               |       |   | December 31,                            |   |       | March 31,                               |   |   | December 31, |   |   | March 31, |   |   | December 31, |   |
|                  |   |                                    | 2011       |   |                                    |   | 2010       |                                    |   |   | 2011 |   |   |   | 2010 |   |   |   | 2011 |   |   |   | 2010 |   |
|                  |   | (Unaudited)                             |       |   | (Audited)                               |   |       | (Unaudited)                             |   |   | (Audited) |   |   | (Unaudited) |   |   | (Audited) |   |
|                  |   |                                    |       |   |                                    |   |       |                                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Segment assets        |   | $                                       | 13,352,085 |   |                                    | $      | 12,954,100 |                                    |   | $ | 1,143,127 |   |   | $ | 923,472 |   |   | $ | 14,495,212 |   |   | $ | 13,877,572 |   |

----

|                                                 |   | Three months ended March 31,(Unaudited) |      |
|------------------------------------------------------|--------|-----------------------------------------|-----------|
|                                                 |   | 2011                                    |      |   | 2010 |   |
|                                                 |   |                                    |      |   |   |   |
| Total consolidated revenue                           |   | $                                       | 1,912,740 |   |   | $ | 2,174,378 |   |
|                                                 |   |                                    |      |   |   |   |   |   |
| Total (loss)/income for reportable segments          |   | $                                       | (104,417  | ) |   | $ | 563,152 |   |
| Unallocated amounts relating to operations :-        |   |                                    |      |   |   |   |   |   |
| Depreciation and amortization                        |   |                                    | (12,126   | ) |   |   | - |   |
| General and administrative expenses                  |   |                                    | (6,478    | ) |   |   | (9,056 | ) |
|                                                 |   |                                    |      |   |   |   |   |   |
| (Loss)/income before income taxes and noncontrolling |   |                                    |      |   |   |   |   |   |
| interests                                            |   | $                                       | (123,021  | ) |   | $ | 554,096 |   |

|                                          |   | March 31,   |       |   | December 31, |   |
|-----------------------------------------------|--------|-------------|------------|--------|--------------|--------|
|                                          |   | 2011        |       |   | 2010         |   |
|                                          |   | (Unaudited) |       |   |         |   |
| Assets                                        |   |        |       |   |         |   |
|                                          |   |        |       |   |         |   |
| Total assets for reportable segments          |   | $           | 14,495,212 |   |         | $      | 13,877,572 |   |
| Unallocated amounts relating to operations :- |   |        |       |   |         |   |   |   |
| Building and land-use-right                   |   |        | 1,041,413  |   |         |   | 1,051,886 |   |
| Other receivables                             |   |        | 37,515     |   |         |   | 37,393 |   |
| Loan to a third party                         |   |        | 6,392,400  |   |         |   | 6,371,400 |   |
| Cash and cash equivalents                     |   |        | 2,933      |   |         |   | 2,963 |   |
|                                          |   |        |       |   |         |   |   |   |
| Total                                         |   | $           | 21,969,473 |   |         | $      | 21,341,214 |   |

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

|   | · | the disruption in the Chinese banking industry and the rise of strong competition in our field have forced us to price our products much more aggressively; |
|--------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | we have experienced sharp increases in the prices of certain raw materials; and |
|--------|--------|---------------------------------------------------------------------------------|

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

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|   | · | Our overall salaries, allowances and social insurance expense for staff increased approximately $65,000 during the first quarter of 2011. |
|--------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | We incurred approximately $34,000 in expenses related to efforts of our management to investigate and secure new business opportunities. |
|--------|--------|------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | We incurred approximately $17,000 in research and development expenses related to those same efforts to expand our product lines. |
|--------|--------|-----------------------------------------------------------------------------------------------------------------------------------|

|   | · | A particularly cold winter led to increased fuel costs to approximately $23,000. |
|--------|--------|----------------------------------------------------------------------------------|

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| 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: May 23, 2011 | By: /s/ Tian Ling                                                          |
|               |       Tian Ling, Chief Executive Officer     |
|               |                                                                       |
|               | By: /s/ Du Song                                                            |
|               |        Du Song, Chief Financial Officer |

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