SECURITIES AND EXCHANGE COMMISSION
                              Washington, DC 20549


                                  FORM 10-QSB
         X  QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES
               EXCHANGE ACT OF 1934

     For the quarterly period ended June 30, 1997Commission File No. 017833

                                    GREENLAND
                                   CORPORATION


          Nevada                                  87-0439051
(State or other jurisdiction of       (I.R.S. Employer Identification Number)
 incorporation or organization) 
                                7084 Miramar Road
                                  Fourth Floor
                               San Diego, CA 92121
              (Address and zip code of principal executive offices

                                 (619) 566-9604
              (Registrant's telephone number, including area code)

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

Indicate the number of shares outstanding of each of the registrant's classes of
common stock, as of the latest practicable date.


      Class A Common Stock                      20,286,291 Shares Outstanding
        $0.001 par value                             as of August 11, 1997




<PAGE>
                     GREENLAND CORPORATION AND SUBSIDIARIES
                              REPORT ON FORM 10-QSB
                           QUARTER ENDED JUNE 30, 1997

TABLE OF CONTENTS

         PART I.                    FINANCIAL INFORMATION

         ITEM 1.           FINANCIAL STATEMENTS

                           CONDENSED CONSOLIDATED BALANCE SHEETS AS OF JUNE 30,
                               1997 AND DECEMBER 31, 1996

                           CONDENSED CONSOLIDATED  STATEMENTS OF OPERATIONS 
                                 THREE MONTHS  ENDED  JUNE  30,  1997  AND 1996
                                 SIX MONTHS ENDED JUNE 30, 1997 AND 1996

                           CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN
                               STOCKHOLDERS' EQUITY AS OF JUNE 30, 1997

                           CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS AS
                               OF JUNE 30, 1997

                           NOTES TO CONDENSED CONSOLIDATED FINANCIAL
                               STATEMENTS

ITEM 2. MANAGEMENT'S  DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS
        OF OPERATIONS

         PART II.          OTHER INFORMATION

                           SIGNATURES




<PAGE>
                     GREENLAND CORPORATION AND SUBSIDIARIES
                      CONDENSED CONSOLIDATED BALANCE SHEETS
<TABLE>
<CAPTION>
                                                                                June 30, 1997          Dec. 31, 1996
                                                                            -----------------  ---------------------
ASSETS                                                                            (unaudited)              (audited)

Current assets:
<S>                                                                         <C>                <C>                  
     Cash in bank                                                           $         157,165  $               6,909
     Escrow accounts                                                                   10,663                  7,518
     Accounts receivable, officers                                                    148,048                130,398
                                                                            -----------------  ---------------------
          Total current assets                                                        315,876                144,825

     Rental properties, net of depreciation                                         4,961,226              5,054,875

Other assets:
     Land option                                                                                           2,515,000
     Investments                                                                    2,967,893                152,893
     Capitalized software                                                             186,723                186,723
                                                                            -----------------  ---------------------

          Total assets                                                   $          8,431,718   $          8,054,316
                                                                               ==============   ====================

LIABILITIES AND EQUITY

Current liabilities:
     Accounts payable                                                    $            109,119  $              74,550
     Tenant deposits                                                                   25,731                 20,814
     Property taxes payable                                                            83,782                 83,782
     Accrued wages payable                                                             29,750                 49,800
      Payroll taxes payable                                                            20,787                 43,141
     Accrued interest payable                                                          39,139                 24,139
     Notes payable                                                                      5,000                  5,000
     Payable to stockholders                                                           95,040                150,000
     Current portion of long-term debt                                                213,150                214,100
                                                                              ---------------  ---------------------
          Total current liabilities                                                   621,498                665,326

        Convertible Secured Debenture                                                 600,000
     Payable to stockholders                                                                                 140,790
     Long-term debt                                                                 3,468,266              3,481,202
                                                                               --------------  ---------------------

          Total liabilities                                                         4,689,764              4,287,318

STOCKHOLDERS' EQUITY

Common stock
     $0.001 par value: 50,000,000 authorized; 18,917,308 shares
     issued and outstanding (15,214,460 at 12/31/96)                                   18,917                 15,214
Additional paid-in capital                                                          6,335,072              5,595,049
Retained deficit                                                                  (2,612,035)            (1,843,265)
                                                                               --------------  ---------------------
          Total stockholders' equity                                                3,741,954              3,766,998
                                                                               --------------  ---------------------

                                                                               $    8,431,718   $          8,054,316
                                                                               ==============  =====================
</TABLE>


                 See accompanying notes to financial statements.





<PAGE>
                     GREENLAND CORPORATION AND SUBSIDIARIES
                 CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
                        THREE MONTHS ENDED JUNE 30, 1997

<TABLE>
<CAPTION>
                                                     Three Months Ended June 30,
                                                           1997               1996
                                                    (unaudited)        (unaudited)
                                                ----------------   ---------------
Revenue:
<S>                                             <C>                <C>            
     Rental income                              $        114,293   $       104,236
     Other income                                          1,078            21,030
                                                ----------------   ---------------

          Net revenue                                   115,371            125,266

Expenses:
     General and administrative                         144,290            339,784
     Engineering                                        102,844                  -
     Consulting fees                                    141,000                  -
     Salaries                                            77,206                  -
     Marketing                                            7,059                  -
     Rent                                                 9,772
     Depreciation                                        48,219             40,727
     Property and other taxes                             4,826             13,863
     Interest                                           100,469             78,554
                                                ----------------   ---------------
                                                        635,685            314,876
                                                ----------------   ---------------

Income (loss) from operations                         (520,314)          (189,610)

Other income (expense)                                  290,000                 -

Provision for income taxes                                     -                -
                                                ----------------   ---------------

     Net income (loss)                         $      (230,314)   $      (189,610)
                                                  =============    ===============

Net income (loss) per share*                  $            (0.01) $         (0.01)
                                                 ================  ===============

*Weighted average number of common
   shares used to compute income (loss)
   per share                                         18,556,208         15,339,167

</TABLE>

                 See accompanying notes to financial statements.







<PAGE>
                     GREENLAND CORPORATION AND SUBSIDIARIES
                 CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
                         SIX MONTHS ENDED JUNE 30, 1997

<TABLE>
<CAPTION>
                                                        Six Months Ended June 30,
                                                           1997               1996
                                                    (unaudited)        (unaudited)
                                                ----------------   ---------------
Revenue:
<S>                                             <C>                <C>            
     Rental income                              $       231,841    $       209,397
     Other income                                        18,657             81,218
                                                ----------------   ---------------
          Net revenue                                   250,498            290,615

Expenses:
     General and administrative                         214,947            339,784
     Engineering                                        190,739                  -
     Consulting fees                                    352,405                  -
     Salaries                                           144,761                  -
     Marketing                                           60,561                  -
     Rent                                                61,142                  -
     Depreciation                                        96,438             81,455
     Property and other taxes                            16,324             17,120
     Interest                                           171,951            152,427
                                                ----------------   ---------------
                                                      1,309,268            590,786
                                                ----------------   ---------------

Income (loss) from operations                       (1,058,770)          (300,171)

Other income (expense)                                  290,000                  -

Provision for income taxes                                     -                 -
                                                ----------------   ---------------

     Net income (loss)                         $      (768,770)   $      (300,171)
                                                  =============      =============

Net income (loss) per share*                  $           (0.04)$           (0.01)
                                                 ===============    ==============

*Weighted average number of common
   shares used to compute income (loss)
   per share                                         18,556,208         15,339,167

</TABLE>

                 See accompanying notes to financial statements.







<PAGE>
                     GREENLAND CORPORATION AND SUBSIDIARIES
            CONDENSED CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY
                        THREE MONTHS ENDED JUNE 30, 1997

<TABLE>
<CAPTION>
                                                                Common Stock          
                                                              Par Value $0.001                Additional
                                                      --------------------------------         Paid-In              Retained
                                                           Shares           Amount               Capital              Deficit
                                                      ----------------  ---------------      ---------------        --------------
<S>                                                   <C>               <C>                      <C>                <C>           
Balances at 3/31/97                                         18,195,108  $        18,195          $ 6,163,105        $  (2,381,721)

   Issuance of common (restricted)                                                                                               -
      at $0.25 per share for cash                              557,000              557              130,832                     -
      at $0.25 per share for services                          165,200              165               41,135
Net loss for period                                                    -                 -                   -           (230,314)
                                                      ----------------  ---------------      ---------------        --------------

Balances at 6/30/97                                         18,917,308           18,917            6,335,072           (2,612,035)

</TABLE>

                 See accompanying notes to financial statements.







<PAGE>
                     GREENLAND CORPORATION AND SUBSIDIARIES
                 CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS
                         SIX MONTHS ENDED JUNE 30, 1997

<TABLE>
<CAPTION>
                                                                6 Months Ended
                                                                     1997
                                                                  (unaudited)
                                                             --------------------
OPERATING ACTIVITIES
<S>                                                           <C>                
   Net loss                                                   $         (768,770)
   Adjustments to reconcile net loss to cash used
     by operating activities:
          Depreciation                                                    96,438

   Changes in operating assets and liabilities:
          Increase in escrow accounts                                     (3,145)
          Increase in accounts receivable, officer                       (17,650)
         .Increase in accounts payable                                    34,569
          Increase in deposits                                             4,917
          Decrease in wages payable                                      (20,050)
          Decrease in payroll taxes                                       22,234
          Increase in Accrued Interest                                    15,000
          Decrease in payable to stockholders                            (54,960)
          Decrease in current portion long-term debt                       (950)
                                                                  ---------------

Net cash required by operating activities                               (736,955)

FINANCING ACTIVITIES
   Proceeds from Convertible Secured Debenture                           600,000
   Amounts paid to stockholder                                          (140,790)
   Retirement of long-term debt                                          (12,936)
   Proceeds from sale of stock                                           743,726
                                                                  ---------------

Net cash provided by financing activities                              1,190,000
                                                                   --------------

INVESTING ACTIVITIES
   Sale of land option                                                (2,515,000)
   Acquisition of Investments                                          2,817,789

Net cash used by investing activities                                   (302,789)
                                                                -----------------

Increase (decrease) in cash and cash equivalents                         150,256

Cash and cash equivalents at beginning of period                           6,909
                                                                 ----------------

Cash and cash equivalents at end of period                       $       157,165
                                                                   ==============

SUPPLEMENTAL INFORMATION
   Cash paid for interest
</TABLE>




                 See accompanying notes to financial statements.







<PAGE>
                     GREENLAND CORPORATION AND SUBSIDIARIES
              NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
                           QUARTER ENDED JUNE 30, 1997


PART I - FINANCIAL INFORMATION

BASIS OF PRESENTATION

General

         The accompanying  unaudited financial  statements have been prepared in
accordance with the instructions to Form 10-QSB.  Therefore, they do not include
all information and footnotes necessary for a complete presentation of financial
position,  results  of  operations,  cash  flows,  and  stockholders'  equity in
conformity with generally accepted  accounting  principles.  Except as disclosed
herein,  there has been no material change in the  information  disclosed in the
notes to the financial  statements  included in the  Company's  annual report on
Form 10-KSB for the year ended  December 31, 1996. In the opinion of Management,
all adjustments  considered  necessary for a fair presentation of the results of
operations  and financial  position have been included and all such  adjustments
are of a normal recurring nature.  Operating results for the quarters ended June
30, 1997 are not necessarily  indicative of the results that can be expected for
the year ended December 31, 1997.

NOTE 2: PRIVATE PLACEMENT

         The  Company  issued  a  Private  Placement   Memorandum   pursuant  to
Regulation  D, Rule 505  revised  on March  31,  1997) to sell an  aggregate  of
4,000,000 shares of restricted  common stock for a total of $1,000,000;  and has
since revised the Memorandum on July 21, 1997 to sell an aggregate of 10,000,000
shares for a total of  $1,000,000.  During the three month period ended June 30,
1997, a total of $131,389 was raised  (557,000  shares)  pursuant to the Private
Placement.  During the prior three-month period ended March 31, 1997, a total of
$78,250 was raised (313,000 shares).

NOTE 3: CONVERTIBLE SECURED DEBENTURES

         On April 9, 1997,  the Company  sold  $600,000 in  aggregate  principal
amount of 10%  Convertible  Debentures  due April 30, 1999 under  Regulation  S.
Sales  commissions  of 15% were paid.  The Company  placed  4,000,000  shares of
restricted  stock in  escrow as  security.  Under  the  original  terms of their
issuance,  the Series B Convertible Debentures are convertible into common stock
at the lower of $.186 per share or 62% of the  closing  bid price of the  common
stock averaged over the five days prior to conversion.  The issuance and sale of
the Series B Convertible  Debentures was intended to comply with Regulation S of
the Securities Act.

         Based in part on the advice of outside legal  counsel,  the Company now
believes that the validity of the  convertibility  of the  Debentures is open to
some question.

         The  Company  has booked  the  Debentures  as  long-term  debt.  Should
conversion occur, there would be a corresponding entry in stockholders'  equity,
which would involve significant dilution of current shareholders.






<PAGE>
ITEM 2 -          MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL
                           CONDITION AND RESULTS OF OPERATIONS

Introduction

         The  following   discussion   pertains  to  the  Company's  results  of
operations and financial condition as of June 30, 1997 and 1996, respectively.

         The  operations  of the  Company's  meter  reading  operations  and GAM
Properties,  Inc.  real estate  subsidiary  are  consolidated  in the  Company's
financial statements.

         The  Company's  AMR  operations  have  been,  devoted to  research  and
development  and  development  of  prototype  installations  of its  AirLink(TM)
automated  meter  reading  system.  Operations  have been  devoted  primarily to
engineering and administration.

         The Company has also pursued  marketing  and sales of its product line,
and is involved in preparing to install three pilot  installations of AirLink in
Oregon,  Utah,  and  Connecticut.  These  pilot  installations  are  anticipated
sometime  in the third  quarter of this year.  The  Company  has filed for three
patents with the U.S.
Patent Office.

         The Company is currently  bidding on sales and  installation of AirLink
with a number of utilities in the U.S. and internationally. Sales of AirLink are
highly dependent on the successful installation of its contracted pilot systems.
While management is optimistic that its sales  opportunities  will bear positive
results over time, it is likely that the sales cycle will be lengthy.

         The  Company's  other  operations  have  been  devoted  to those of its
wholly-owned GAM Properties,  Inc. subsidiary.  GAM owns and manages a number of
residential and commercial income properties in California.

         The Company  owns a 49% interest in  Signature  Leasing,  LLC, a Nevada
Corporation  ("Signature").  The Company has not  consolidated the operations of
Signature as it was a minority shareholder at June 30, 1997.

Results of Operations

Revenues

         Rental  income  totaled  $114,293 for the three month period ended June
30,  1997,  an  increase  of $10,057 or 9.6% from the prior  year  period.  This
increase  was due  primarily  to changes  in the  composition  of the  Company's
property  portfolio and to variable  occupancy rates from the prior year period.
Rental income for the six month period ended June 30, 1997 was $231,841 compared
to $209,397 for the prior six month period; an increase of $22,444 or 10.7%. The
San Diego rental market remains  essentially flat; but the Company has been able
to stabilize occupancy rates.

         Other income for the three  months ended June 30, 1997 was $1,078.  The
Company has $21,030  from other  income in the prior year,  $20,000 of which was
for payments from utilities for contracted  pilot  installation of its automated
meter  reading  products.  For the six month  period  ended June 30,  1997,  the
Company  had other  income of $18,657  compared to $81,218 in the prior year six
month period.

Expenses

         Operating  expenses  for the three  month  period  ended June 30,  1997
totaled $635,685 as compared to $314,876 for the prior year period,  an increase
of $320,809 or 101.9%.  This increase is attributable to increased costs related
to the broadened management and operations of the Company over the past year,




<PAGE>
particularly related to increased costs in support the Company's automated meter
reading operations.  Additionally,  the Company's paid approximately  $50,000 in
legal and  accounting  expense in the second  quarter.  For the six month period
ended June 30, 1997,  operating expenses were $1,309,268 as compared to $590,786
for the prior year, an increase of $718,482 or 121.6%.

         Additional operating expenses for the three month period ended June 30,
1997 included engineering expenses of $102,844,  which are directly attributable
to the Company's automated meter reading operations.
For the six month period, engineering expenses were $190,739.

         Consulting  fees,  including  fees paid were  $141,000  for the  second
quarter;  and $352,405 for the six month period ended June 30, 1997.  These fees
consist primarily of those paid for services related to the Company's  financing
activities.

         Salaries for the three month period ended June 30, 1997,  which include
those for management and support staff, were $77,206; salaries were $144,761 for
the six month period.

         Marketing  expenses for the three month period ended June 30, 1997 were
$7,059 and $60,561 for the six month period.

         Rent paid for the three month period ended June 30, 1997 was $9,772 and
$61,142 for the six month period.

         Depreciation  expense was $48,219 for the second quarter of fiscal 1997
as  compared to $40,727 in the  previous  year  period,  a decrease of $7,492 or
18.4%,  which  is  attributable  to  changes  in  the  Company's   portfolio  of
properties.  For the six month  period  ended June 30,  1997,  depreciation  was
$96,438 as compared to $81,455, an 18.4% decrease.

         Interest  expense was $100,469 in the second quarter period of 1997, an
increase of $21,915 or 27.9% compared to the prior year second  quarter  period.
Interest  expense  for the six month  period  ended June 30,  1997 was  $171,951
compared to $152,427 for the prior year, an increase of $19,524,  or 12.8%.  The
increases in interest  expense are  principally  due to changes in the Company's
real estate portfolio and the associated indebtedness.

         Property and other taxes for the three month period ended June 30, 1997
were  $4,826  compared  to $13,863 in the  previous  year's  second  quarter,  a
decrease of $9,037 or 65.2%. For the six month period ended June 30, 1997, taxes
were $16,324 compared to taxes of $17,120 for the prior year's six month period,
a decrease of $796 or 4.6%. The decreases are attributable to the changes in the
composition of the Company's of real estate properties upon which value property
taxes are assessed.

Automated Meter Reading Operations

         The  Company  has  continued  to fund the  development  efforts  of its
automated  meter  reading  operations.  During the second  quarter,  the Company
continued  its  efforts  to deploy  its  pilot  systems  in  Oregon,  Utah,  and
Connecticut.  Installation  of the pilot  systems  is  anticipated  in the third
quarter.


         The Company  has made  several  formal and  informal  presentations  to
utilities in the U.S. and internationally, and hopes to accelerate its marketing
activities following successful deployment of pilot systems.

         In  April,  the  Company  announced  today  that it has  filed a patent
application  with the U.S. Patent Office related to its AirLink  automated meter
reading technology. The application is the third patent application filed by the
Company in support of its AirLink technology.  The new application is related to
the  methodology  used in AirLink  meter  reading  units for  revolving  element
utility meters.




<PAGE>
         In May,  the Company  entered  into an  agreement  with KIT Concerns of
Brazil to distribute, on an exclusive basis, Greenland's AirLink automated meter
reading  ("AMR")  system  in  Brazil.  KIT,  located  in  Rio de  Janeiro,  is a
diversified  company organized to develop new business  opportunities in Brazil,
particularly in the telecommunications and technology sectors.

         In June,  Greenland entered into an agreement with International  Power
and Environmental  Company ("IPEC") to represent the Company's AirLink system on
a world-wide basis, for use in automating  parking meters.  IPEC, located in San
Diego,  California  with  offices  in  Los  Angeles  and  Baja  California  is a
diversified company organized to develop new business  opportunities  throughout
the world, particularly in the utility, environmental, and technology sectors.

         In July,  the Company  entered  into an agreement  with StarCom  U.S.A.
whereby  StarCom and  Greenland  will  cooperate  in  presenting  an  integrated
communications  system for Puerto Rico  encompassing  up to 1.3 million  utility
meters.

         The Company  continues to modify and improve its  technology,  and will
use its field testing to continue  this process in order to provide  competitive
advantage.

Real Estate Operations

         The Company's wholly-owned GAM Properties, Inc. subsidiary continued to
work on adjusting the composition of its real estate portfolio during the second
quarter of fiscal 1997 with the objective of maximizing its revenues and assets.
The Company  continues to reduce its debt on its  properties  and  maintains its
traditionally high occupancy rates in its rental properties.

         In May, 1997 the Company sold its option on its Tucson  acreage to Eyre
Trading Group,  Ltd.,  which has  subsequently  changed its name to Natural Born
Carvers,  Inc., a specialty  clothing  company whose shares are publicly  traded
over-the-counter (symbol: CARV). Under the terms of the sale, Greenland received
1,100,000  shares of 5% Convertible  Class B Preferred  Stock at $5.00 par value
per share. The shares are convertible in two years. The Company has booked these
securities as an investment on its balance sheet at approximately $2.8 million.

         The Company expects to continue to look for asset  enhancement  through
property, exchanges, acquisitions, and/or sales.

Liquidity and Capital Resources

         The  Company's  total  assets  were  $8,431,718  at June 30,  1997,  an
increase of $377,402,  or 4.7%,  over to the year ended December 31, 1996.  This
increase  in  assets  is based  primarily  on the sale of the  Company's  Tucson
property for securities in a publicly traded specialty clothing company.

         At June 30, 1997, the Company's total  liabilities were $4,689,764,  an
increase of $402,446  (9.4%) over the year ended December 31, 1996. The increase
is  attributable  primarily to the  Company's  Convertible  Secured  Debentures.
Stockholders'  equity was  $3,741,954  at June 30,  1997,  a decrease of $25,044
(6.6%) over the year ended December 31, 1996.

         The Company had negative  working capital of $305,622 at June 30, 1997.
The Company's  working  capital has improved by $163,307  since the period ended
March 31, 1997 and by  $214,879  since the year ended  December  31,  1996.  The
Company  is in the  process  of a  private  placement  offering  to  sell  up to
10,000,000 shares of restricted  common stock to raise  $1,000,000,  which would
eliminate  the pressures  associated  with this  condition.  The Company is also
investigating  other  corporate  financing  activities in order meet its ongoing
requirements for working capital to grow its business.






<PAGE>
PART II - OTHER INFORMATION


ITEM 1 - LEGAL PROCEEDINGS

         The  Company  is not  involved  in any  litigation  that  would  have a
material  adverse effect on the Company.  However,  there is the  possibility of
litigation related to the sale of the Convertible Secured Debentures pursuant to
Regulation S. (See Note 3 to the Consolidated Financial Statements.)


ITEM 2 - CHANGES IN SECURITIES

         Not applicable.



ITEM 3 - DEFAULTS ON SENIOR SECURITIES

         None.



ITEM 4 - SUBMISSION OF MATTER TO VOTE OF SECURITY HOLDERS

         None.



ITEM 5 - OTHER INFORMATION

         None.



ITEM 6 - EXHIBITS AND REPORTS ON FORM 8-K

         (a)  Exhibits - none.

         (b)  Reports on  Form 8-K

         Form  8-K  filed  April  18,  1997,  related  to the  sales  of  equity
securities pursuant to Regulation S.






<PAGE>

                                   SIGNATURES


Pursuant  to the  requirements  of the  Securities  Exchange  Act of  1934,  the
registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned thereunto duly authorized.




                         GREENLAND CORPORATION


August 12, 1997
                         /S/
                         -----------------------------------------------------
                         Eric W. Gaer
                         Chairman, President and Chief Executive Officer


August 12, 1997
                         /S/
                         ----------------------------------------------------
                         Gerry B. Berg
                         Chief  Financial Officer