| For the transition period from |                                                            To |
|--------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Commission File Number : | 001-33593 |
|--------------------------|-----------|

| Zhongpin Inc.                                          |
|--------------------------------------------------------|
| (Exact name of registrant as specified in its charter) |

| Delaware                                                       |   | 54-2100419                           |
|----------------------------------------------------------------|--------|--------------------------------------|
| (State or other jurisdiction of incorporation or organization) |   | (I.R.S. Employer Identification No.) |

| 21 Changshe Road, Changge City, Henan Province, People’s Republic of China |   | 461500     |
|----------------------------------------------------------------------------------|--------|------------|
| (Address of principal executive offices)                                         |   | (Zip Code) |

| 011 86 10-8286 1788                                        |
|------------------------------------------------------------|
| (Registrant’s telephone number, including area code) |

| Not Applicable                                                                     |
|------------------------------------------------------------------------------------|
| (Former name, former address and former fiscal year, if changed since last report) |

----

|       |                  |                                                                                                                                              | Page   |
|------------|-----------------------|---------------------------------------------------------------------------------------------------------------------------------------------------|--------|
| Part I     | Financial Information |                                                                                                                                              |   |
|       |                  |                                                                                                                                              |   |   |
|       | Item 1.               | Unaudited Financial Statements:                                                                                                                   |   |   |
|       |                  |                                                                                                                                              |   |   |
|       |                  | Consolidated Balance Sheets as of June 30, 2011 (unaudited) and December 31, 2010                                                                 |   | 2 |
|       |                  |                                                                                                                                              |   |   |
|       |                  | Consolidated Statements of Operations and Comprehensive Income (unaudited) for the three-month and six-month periods ended June 30, 2011 and 2010 |   | 3 |
|       |                  |                                                                                                                                              |   |   |
|       |                  | Consolidated Statements of Cash Flows (unaudited) for the six-month periods ended June 30, 2011 and 2010                                          |   | 4 |
|       |                  |                                                                                                                                              |   |   |
|       |                  | Notes to Consolidated Financial Statements (unaudited)                                                                                            |   | 6 |
|       |                  |                                                                                                                                              |   |   |
|       | Item 2.               | Management’s Discussion and Analysis of Financial Condition and Results of Operations                                                       |   | 20 |
|       |                  |                                                                                                                                              |   |   |
|       | Item 3.               | Quantitative and Qualitative Disclosures About Market Risk                                                                                        |   | 36 |
|       |                  |                                                                                                                                              |   |   |
|       | Item 4.               | Controls and Procedures                                                                                                                           |   | 37 |
|       |                  |                                                                                                                                              |   |   |
| Part II    | Other Information     |                                                                                                                                              |   |
|       |                  |                                                                                                                                              |   |   |
|       | Item 1.               | Legal Proceedings                                                                                                                                 |   | 38 |
|       |                  |                                                                                                                                              |   |   |
|       | Item 1A.              | Risk Factors                                                                                                                                      |   | 38 |
|       |                  |                                                                                                                                              |   |   |
|       | Item 2.               | Unregistered Sales of Equity Securities and Use of Proceeds                                                                                       |   | 38 |
|       |                  |                                                                                                                                              |   |   |
|       | Item 3.               | Defaults Upon Senior Securities                                                                                                                   |   | 38 |
|       |                  |                                                                                                                                              |   |   |
|       | Item 4.               | (Removed and Reserved)                                                                                                                            |   | 38 |
|       |                  |                                                                                                                                              |   |   |
|       | Item 5.               | Other Information                                                                                                                                 |   | 38 |
|       |                  |                                                                                                                                              |   |   |
|       | Item 6.               | Exhibits                                                                                                                                          |   | 38 |
|       |                  |                                                                                                                                              |   |   |
| Signatures |                  | 39                                                                                                                                                |

----

----

|                                                                                                            |   | June 30, 2011 |        |   | December 31,2010 |   |
|-----------------------------------------------------------------------------------------------------------------|--------|-------------------------|-------------|--------|-----------------------|--------|
|                                                                                                            |   | (Unaudited)             |        |   |                  |   |
| ASSETS                                                                                                          |   |                    |        |   |                  |   |
| Current assets                                                                                                  |   |                    |        |   |                  |   |
| Cash and cash equivalents                                                                                       |   | $                       | 151,025,813 |   |                  | $      | 84,172,186 |   |
| Restricted cash                                                                                                 |   |                    | 59,325,039  |   |                  |   | 17,527,056 |   |
| Bank notes receivable                                                                                           |   |                    | 36,561,178  |   |                  |   | 19,282,740 |   |
| Accounts receivable, net of allowance for doubtful accounts of $2,411,634 and $1,708,479                        |   |                    | 43,350,904  |   |                  |   | 30,784,463 |   |
| Other receivables, net of allowance for doubtful accounts of $259,452 and $232,751                              |   |                    | 3,532,295   |   |                  |   | 1,035,850 |   |
| Purchase deposits                                                                                               |   |                    | 10,135,174  |   |                  |   | 7,415,567 |   |
| Inventories                                                                                                     |   |                    | 30,707,050  |   |                  |   | 26,534,014 |   |
| Prepaid expenses                                                                                                |   |                    | 455,211     |   |                  |   | 391,386 |   |
| VAT recoverable                                                                                                 |   |                    | 28,942,742  |   |                  |   | 20,771,902 |   |
| Allowance receivables                                                                                           |   |                    | 4,403,020   |   |                  |   | 2,477,928 |   |
| Deferred tax assets                                                                                             |   |                    | 407,030     |   |                  |   | 397,744 |   |
| Other current assets                                                                                            |   |                    | 408,120     |   |                  |   | 442,080 |   |
| Total current assets                                                                                            |   |                    | 369,253,576 |   |                  |   | 211,232,916 |   |
|                                                                                                            |   |                    |        |   |                  |   |   |   |
| Long-term investment                                                                                            |   |                    | 463,564     |   |                  |   | 452,987 |   |
| Property and equipment (net)                                                                                    |   |                    | 317,822,668 |   |                  |   | 291,567,396 |   |
| Deposits for purchase of land use rights                                                                        |   |                    | 33,922,271  |   |                  |   | 17,059,644 |   |
| Construction in progress                                                                                        |   |                    | 68,763,722  |   |                  |   | 30,433,905 |   |
| Land use rights                                                                                                 |   |                    | 87,566,648  |   |                  |   | 86,475,708 |   |
| Deferred charges                                                                                                |   |                    | 12,980      |   |                  |   | 21,686 |   |
| Other non-current assets                                                                                        |   |                    | 1,470,270   |   |                  |   | 1,436,726 |   |
| Total assets                                                                                                    |   | $                       | 879,275,699 |   |                  | $      | 638,680,968 |   |
|                                                                                                            |   |                    |        |   |                  |   |   |   |
| LIABILITIES AND SHAREHOLDERS’ EQUITY                                                                      |   |                    |        |   |                  |   |   |   |
| Current liabilities                                                                                             |   |                    |        |   |                  |   |   |   |
| Short-term loans                                                                                                |   | $                       | 100,261,373 |   |                  | $      | 91,774,025 |   |
| Bank notes payable                                                                                              |   |                    | 106,737,128 |   |                  |   | 18,646,473 |   |
| Long-term loans - current portion                                                                               |   |                    | 10,962,161  |   |                  |   | 14,943,260 |   |
| Capital lease obligation - current portion                                                                      |   |                    | 6,259,089   |   |                  |   | 7,282,720 |   |
| Accounts payable                                                                                                |   |                    | 22,883,904  |   |                  |   | 8,551,003 |   |
| Other payables                                                                                                  |   |                    | 17,646,298  |   |                  |   | 15,842,331 |   |
| Accrued liabilities                                                                                             |   |                    | 11,395,950  |   |                  |   | 9,794,474 |   |
| Deposits from customers                                                                                         |   |                    | 9,518,469   |   |                  |   | 8,255,194 |   |
| Tax payable                                                                                                     |   |                    | 1,312,350   |   |                  |   | 1,604,847 |   |
| Grant payable                                                                                                   |   |                    | 772,606     |   |                  |   | - |   |
| Total current liabilities                                                                                       |   |                    | 287,749,328 |   |                  |   | 176,694,327 |   |
|                                                                                                            |   |                    |        |   |                  |   |   |   |
| Deferred tax liabilities                                                                                        |   |                    | 370,590     |   |                  |   | 362,135 |   |
| Deposits from customers - long-term portion                                                                     |   |                    | 2,459,565   |   |                  |   | 1,958,827 |   |
| Capital lease obligation                                                                                        |   |                    | 2,661,450   |   |                  |   | 4,999,454 |   |
| Long-term loans                                                                                                 |   |                    | 100,977,327 |   |                  |   | 83,672,401 |   |
| Total liabilities                                                                                               |   |                    | 394,218,260 |   |                  |   | 267,687,144 |   |
|                                                                                                            |   |                    |        |   |                  |   |   |   |
| Equity                                                                                                          |   |                    |        |   |                  |   |   |   |
| Common stock: par value $0.001; 100,000,000 authorized; 40,355,502 and 35,338,160 shares issued and outstanding |   |                    | 40,356      |   |                  |   | 35,338 |   |
| Additional paid in capital                                                                                      |   |                    | 238,528,950 |   |                  |   | 171,401,989 |   |
| Retained earnings                                                                                               |   |                    | 206,177,481 |   |                  |   | 169,979,344 |   |
|                                                                                                            |   |                    |        |   |                  |   |   |   |
| Accumulated other comprehensive income                                                                          |   |                    | 39,498,258  |   |                  |   | 29,577,153 |   |
| Total Zhongpin Inc. shareholders’ equity                                                                  |   |                    | 484,245,045 |   |                  |   | 370,993,824 |   |
| Noncontrolling interest                                                                                         |   |                    | 812,394     |   |                  |   | - |   |
| Total shareholders’ equity                                                                                |   |                    | 485,057,439 |   |                  |   | 370,993,824 |   |
| Total liabilities and shareholders’ equity                                                                |   | $                       | 879,275,699 |   |                  | $      | 638,680,968 |   |

----

|                                                                               |   | Three Months Ended June 30, |         |   | Six Months Ended June 30, |   |
|------------------------------------------------------------------------------------|--------|----------------------------------|--------------|--------|--------------------------------|--------|
|                                                                               |   | 2011                             |         |   | 2010                           |   |   | 2011 |   |   | 2010 |   |
|                                                                               |   |                             |         |   |                           |   |   |   |   |   |   |   |
| Revenues                                                                           |   |                             |         |   |                           |   |   |   |   |   |   |   |
| Sales revenues                                                                     |   | $                                | 366,452,560  |   |                           | $      | 215,072,583 |   |   | $ | 652,235,781 |   |   | $ | 419,357,498 |   |
| Cost of sales                                                                      |   |                             | (327,306,939 | )      |                           |   | (189,738,151 | ) |   |   | (577,173,910 | ) |   |   | (369,104,716 | ) |
| Gross profit                                                                       |   |                             | 39,145,621   |   |                           |   | 25,334,432 |   |   |   | 75,061,871 |   |   |   | 50,252,782 |   |
|                                                                               |   |                             |         |   |                           |   |   |   |   |   |   |   |   |   |   |   |
| Operating expenses                                                                 |   |                             |         |   |                           |   |   |   |   |   |   |   |   |   |   |   |
| General and administrative expenses                                                |   |                             | (7,022,657   | )      |                           |   | (5,691,468 | ) |   |   | (13,450,203 | ) |   |   | (11,749,609 | ) |
| Selling expenses                                                                   |   |                             | (8,457,575   | )      |                           |   | (4,638,672 | ) |   |   | (14,730,895 | ) |   |   | (8,975,500 | ) |
| Research & development expenses                                                |   |                             | (23,804      | )      |                           |   | (35,871 | ) |   |   | (455,310 | ) |   |   | (76,723 | ) |
| Impairment loss                                                                    |   |                             | -            |   |                           |   | (1,007,447 | ) |   |   | - |   |   |   | (1,007,447 | ) |
| Total operating expenses                                                           |   |                             | (15,504,036  | )      |                           |   | (11,373,458 | ) |   |   | (28,636,408 | ) |   |   | (21,809,279 | ) |
|                                                                               |   |                             |         |   |                           |   |   |   |   |   |   |   |   |   |   |   |
| Income from operations                                                             |   |                             | 23,641,585   |   |                           |   | 13,960,974 |   |   |   | 46,425,463 |   |   |   | 28,443,503 |   |
|                                                                               |   |                             |         |   |                           |   |   |   |   |   |   |   |   |   |   |   |
| Other income (expense)                                                             |   |                             |         |   |                           |   |   |   |   |   |   |   |   |   |   |   |
| Interest income (expenses), net                                                    |   |                             | (3,374,314   | )      |                           |   | (1,900,389 | ) |   |   | (8,811,383 | ) |   |   | (3,335,850 | ) |
| Other income (expenses), net                                                       |   |                             | (4,962       | )      |                           |   | 63,729 |   |   |   | (31,994 | ) |   |   | 628,792 |   |
| Exchange gain (loss)                                                               |   |                             | (40,413      | )      |                           |   | 41,039 |   |   |   | (80,227 | ) |   |   | 40,735 |   |
| Government subsidies                                                               |   |                             | 337,286      |   |                           |   | 1,244,925 |   |   |   | 1,451,907 |   |   |   | 1,870,081 |   |
| Total other income (expense)                                                       |   |                             | (3,082,403   | )      |                           |   | (550,696 | ) |   |   | (7,471,697 | ) |   |   | (796,242 | ) |
|                                                                               |   |                             |         |   |                           |   |   |   |   |   |   |   |   |   |   |   |
| Net income before taxes                                                            |   |                             | 20,559,182   |   |                           |   | 13,410,278 |   |   |   | 38,953,766 |   |   |   | 27,647,261 |   |
| Provision for income taxes                                                         |   |                             | (1,243,095   | )      |                           |   | (1,044,833 | ) |   |   | (2,754,484 | ) |   |   | (2,031,353 | ) |
|                                                                               |   |                             |         |   |                           |   |   |   |   |   |   |   |   |   |   |   |
| Net income after taxes                                                             |   | $                                | 19,316,087   |   |                           | $      | 12,365,445 |   |   | $ | 36,199,282 |   |   | $ | 25,615,908 |   |
| Net income attributable to noncontrolling interest                                 |   |                             | (991         | )      |                           |   | - |   |   |   | (1,145 | ) |   |   | - |   |
|                                                                               |   |                             |         |   |                           |   |   |   |   |   |   |   |   |   |   |   |
| Net income attributable to Zhongpin Inc. shareholders                              |   |                             | 19,315,096   |   |                           |   | 12,365,445 |   |   |   | 36,198,137 |   |   |   | 25,615,908 |   |
|                                                                               |   |                             |         |   |                           |   |   |   |   |   |   |   |   |   |   |   |
| Foreign currency translation adjustment                                            |   | $                                | 6,124,756    |   |                           | $      | 1,692,005 |   |   | $ | 9,932,670 |   |   | $ | 1,778,270 |   |
| Foreign currency translation adjustment attributable to noncontrolling interest    |   |                             | (10,504      | )      |                           |   | - |   |   |   | (11,565 | ) |   |   | - |   |
| Foreign currency translation adjustment attributable to Zhongpin Inc. shareholders |   |                             | 6,114,252    |   |                           |   | 1,692,005 |   |   |   | 9,921,105 |   |   |   | 1,778,270 |   |
|                                                                               |   |                             |         |   |                           |   |   |   |   |   |   |   |   |   |   |   |
| Comprehensive income                                                               |   | $                                | 25,440,843   |   |                           | $      | 14,057,450 |   |   | $ | 46,131,952 |   |   | $ | 27,394,178 |   |
| Comprehensive income attributable to noncontrolling interest                       |   |                             | (11,495      | )      |                           |   | - |   |   |   | (12,710 | ) |   |   | - |   |
| Comprehensive income attributable to Zhongpin Inc. shareholders                    |   |                             | 25,429,348   |   |                           |   | 14,057,450 |   |   |   | 46,119,242 |   |   |   | 27,394,178 |   |
|                                                                               |   |                             |         |   |                           |   |   |   |   |   |   |   |   |   |   |   |
| Basic earnings per common share                                                    |   | $                                | 0.48         |   |                           | $      | 0.36 |   |   | $ | 0.95 |   |   | $ | 0.74 |   |
| Diluted earnings per common share                                                  |   | $                                | 0.48         |   |                           | $      | 0.35 |   |   | $ | 0.95 |   |   | $ | 0.73 |   |
| Basic weighted average shares outstanding                                          |   |                             | 40,355,502   |   |                           |   | 34,725,104 |   |   |   | 38,115,633 |   |   |   | 34,720,312 |   |
| Diluted weighted average shares outstanding                                        |   |                             | 40,365,654   |   |                           |   | 35,108,264 |   |   |   | 38,203,909 |   |   |   | 35,122,896 |   |

----

|                                                                              |   | Six Months Ended June 30, |         |
|-----------------------------------------------------------------------------------|--------|-----------------------------------------------|--------------|
|                                                                              |   | 2011                                          |         |   | 2010 |   |
| Cash flows from operating activities:                                             |   |                                          |         |   |   |   |
| Net income                                                                        |   | $                                             | 36,199,282   |   |   | $ | 25,615,908 |   |
| Adjustments to reconcile net income to net cash provided by (used in) operations: |   |                                          |         |   |   |   |   |   |
| Depreciation                                                                      |   |                                          | 8,201,482    |   |   |   | 6,093,089 |   |
| Amortization of intangible assets                                                 |   |                                          | 918,249      |   |   |   | 649,049 |   |
| Provision for allowance for bad debt                                              |   |                                          | 677,259      |   |   |   | 597,245 |   |
| Impairment loss                                                                   |   |                                          | -            |   |   |   | 1,007,447 |   |
| Other income                                                                      |   |                                          | 3,269        |   |   |   | - |   |
| Stock-based compensation expense                                                  |   |                                          | 775,316      |   |   |   | 1,075,636 |   |
|                                                                              |   |                                          |         |   |   |   |   |   |
| Changes in operating assets and liabilities:                                      |   |                                          |         |   |   |   |   |   |
| Accounts receivable                                                               |   |                                          | (12,378,014  | ) |   |   | (14,027,015 | ) |
| Other receivables                                                                 |   |                                          | (2,467,032   | ) |   |   | (815,504 | ) |
| Purchase deposits                                                                 |   |                                          | (2,519,411   | ) |   |   | 1,649,138 |   |
| Prepaid expenses                                                                  |   |                                          | (55,591      | ) |   |   | (571,257 | ) |
| Inventories                                                                       |   |                                          | (3,515,759   | ) |   |   | (10,090,670 | ) |
| Allowance receivables                                                             |   |                                          | (1,847,397   | ) |   |   | (4,414,158 | ) |
| Tax refunds recoverable                                                           |   |                                          | (7,604,190   | ) |   |   | (5,237,751 | ) |
| Other current assets                                                              |   |                                          | 43,812       |   |   |   | (16,025 | ) |
| Deferred charges                                                                  |   |                                          | 9,114        |   |   |   | 14,286 |   |
| Accounts payable                                                                  |   |                                          | 13,983,083   |   |   |   | 13,086,579 |   |
| Other payables                                                                    |   |                                          | 1,432,387    |   |   |   | 4,282,762 |   |
| Grants payable                                                                    |   |                                          | 764,397      |   |   |   | - |   |
| Accrued liabilities                                                               |   |                                          | 1,367,026    |   |   |   | 1,453,078 |   |
| Taxes payable                                                                     |   |                                          | (326,461     | ) |   |   | (656,983 | ) |
| Deposits from clients                                                             |   |                                          | 1,059,156    |   |   |   | (949,361 | ) |
| Deposits from clients – Long term portion                                   |   |                                          | 450,169      |   |   |   | 499,881 |   |
| Net cash provided by operating activities                                         |   |                                          | 35,170,146   |   |   |   | 19,245,374 |   |
|                                                                              |   |                                          |         |   |   |   |   |   |
| Cash flows from investing activities:                                             |   |                                          |         |   |   |   |   |   |
| Deposits for purchase of land use rights                                          |   |                                          | (16,289,381  | ) |   |   | (12,007,724 | ) |
| Construction in progress                                                          |   |                                          | (60,971,828  | ) |   |   | (33,850,846 | ) |
| Additions to property and equipment                                               |   |                                          | (3,722,560   | ) |   |   | (6,733,687 | ) |
| Additions to land use rights                                                      |   |                                          | -            |   |   |   | (477,998 | ) |
| Proceeds on sale of fixed assets                                                  |   |                                          | 29,029       |   |   |   | - |   |
| Increase in restricted cash                                                       |   |                                          | (40,948,998  | ) |   |   | (7,895,117 | ) |
| Investment in a non-controlling entity                                            |   |                                          | -            |   |   |   | (439,515 | ) |
| Net cash used in investing activities                                             |   |                                          | (121,903,738 | ) |   |   | (61,404,887 | ) |

----

|                                                    |   | Six Months Ended June 30, |        |
|---------------------------------------------------------|--------|-----------------------------------------------|-------------|
|                                                    |   | 2011                                          |        |   | 2010 |   |
| Cash flows from financing activities:                   |   |                                          |        |   |   |   |
| Proceeds from bank notes, net                           |   |                                          | 70,074,526  |   |   |   | 7,884,362 |   |
| Proceeds from (repayment of) short-term bank loans, net |   |                                          | 6,277,182   |   |   |   | (20,085,130 | ) |
| Proceeds from long-term loans                           |   |                                          | 24,443,692  |   |   |   | 30,985,833 |   |
| Repayment of long-term loans                            |   |                                          | (13,539,464 | ) |   |   | (3,009,908 | ) |
| Repayment of capital lease obligation                   |   |                                          | (3,609,637  | ) |   |   | (3,294,553 | ) |
| Proceeds from common stock                              |   |                                          | 66,356,662  |   |   |   | - |   |
| Proceeds from exercised warrants and option             |   |                                          | -           |   |   |   | 213,350 |   |
| Investment in a subsidiary by minority holder           |   |                                          | 802,617     |   |   |   | - |   |
| Net cash provided by financing activities               |   |                                          | 150,805,578 |   |   |   | 12,693,954 |   |
|                                                    |   |                                          |        |   |   |   |   |   |
| Effects of rate changes on cash                         |   |                                          | 2,781,641   |   |   |   | 231,350 |   |
| Increase (decrease) in cash and cash equivalents        |   |                                          | 66,853,627  |   |   |   | (29,234,209 | ) |
| Cash and cash equivalents, beginning of period          |   |                                          | 84,172,186  |   |   |   | 68,982,259 |   |
| Cash and cash equivalents, end of period                |   | $                                             | 151,025,813 |   |   | $ | 39,748,050 |   |
|                                                    |   |                                          |        |   |   |   |   |   |
| Supplemental disclosures of cash flow information:      |   |                                          |        |   |   |   |   |   |
| Cash paid for interest                                  |   | $                                             | 8,076,330   |   |   | $ | 4,006,111 |   |
| Cash paid for income taxes                              |   | $                                             | 3,195,639   |   |   | $ | 1,955,733 |   |

----

| Name                                                                          |   | Date ofIncorporation |   | RegisteredCapital               |            |   | Percentage of Ownership |   |
|-------------------------------------------------------------------------------|--------|---------------------------|--------|---------------------------------|-----------------|--------|-----------------------------------|--------|
|                                                                          |   |                      |   |                            |            |   |                              |   |
| Henan Zhongpin Food Company Limited                                           |   | May 20, 2005              |   | $                               | 203,300,000 USD |   |                              |   | 100 | % |
|                                                                          |   |                      |   |                            |            |   |                              |   |   |   |
| Henan Zhongpin Food Share Company Limited (“Henan Zhongpin”) |   | Jan. 20, 2000             |   | 1,000,000,000 RMB($146,492,243) |            |   |                              | 100    | %(1) |
|                                                                          |   |                      |   |                            |            |   |                              |   |   |   |
| Henan Zhongpin Import and Export Trading Company Limited                      |   | Aug. 11, 2004             |   | 5,060,000 RMB($611,111)         |            |   |                              | 100    | % |
|                                                                          |   |                      |   |                            |            |   |                              |   |   |   |
| Zhumadian Zhongpin Food Company Limited                                       |   | June 7, 2006              |   | 60,000,000 RMB($8,585,398)      |            |   |                              | 100    | % |
|                                                                          |   |                      |   |                            |            |   |                              |   |   |   |
| Anyang Zhongpin Food Company Limited                                          |   | Aug. 21, 2006             |   | 34,800,000 RMB($5,094,422)      |            |   |                              | 100    | % |
|                                                                          |   |                      |   |                            |            |   |                              |   |   |   |
| Henan Zhongpin Fresh Food Logistics Company Limited                           |   | Sept. 14, 2006            |   | 1,500,000 RMB($189,665)         |            |   |                              | 100    | % |
|                                                                          |   |                      |   |                            |            |   |                              |   |   |   |
| Deyang Zhongpin Food Company Limited                                          |   | Sept. 25, 2006            |   | 15,000,000 RMB($1,893,652)      |            |   |                              | 100    | % |
|                                                                          |   |                      |   |                            |            |   |                              |   |   |   |
| Henan Zhongpin Business Development Company Limited                           |   | Sept. 27, 2006            |   | 5,000,000 RMB($632,215)         |            |   |                              | 100    | % |
|                                                                          |   |                      |   |                            |            |   |                              |   |   |   |
| Luoyang Zhongpin Food Company Limited (“Luoyang Zhongpin”)        |   | Jan.18, 2007              |   | 60,000,000 RMB($8,703,452)      |            |   |                              | 100    | % |
|                                                                          |   |                      |   |                            |            |   |                              |   |   |   |
| Yongcheng Zhongpin Food Company Limited                                       |   | Mar. 1, 2007              |   | 60,000,000 RMB($8,783,487)      |            |   |                              | 100    | % |
|                                                                          |   |                      |   |                            |            |   |                              |   |   |   |
| Tianjin Zhongpin Food Company Limited (“Tianjin Zhongpin”)        |   | Sept. 14, 2007            |   | 100,000,000 RMB( $14,639,145 )  |            |   |                              | 100    | % |
|                                                                          |   |                      |   |                            |            |   |                              |   |   |   |
| Jilin Zhongpin Food Company Limited                                           |   | Dec. 11, 2008             |   | 1,000,000 RMB($145,688)         |            |   |                              | 100    | % |

----

| Name                                                                                 |   | Date ofIncorporation |   | RegisteredCapital            |   | Percentage of Ownership |   |
|--------------------------------------------------------------------------------------|--------|---------------------------|--------|------------------------------|--------|-----------------------------------|--------|
|                                                                                 |   |                      |   |                         |   |                              |   |
| Henan Zhongpin Agriculture and Animal Husbandry Industry Development Company Limited |   | Dec. 26, 2008             |   | 10,000,000 RMB($1,461,796)   |   |                              | 100    | % |
|                                                                                 |   |                      |   |                         |   |                              |   |   |
| Taizhou Zhongpin Food Company Limited                                                |   | May 12, 2010              |   | 50,000,000RMB($7,362,794)    |   |                              | 100    | % |
|                                                                                 |   |                      |   |                         |   |                              |   |   |
| Changchun Zhongpin Food Company Limited                                              |   | Aug. 6, 2010              |   | 50,000,000 RMB($7,382,253)   |   |                              | 100    | % |
|                                                                                 |   |                      |   |                         |   |                              |   |   |
| Henan Zhongpin Xinda Agriculture and Animal Husbandry Company Limited                |   | June 1, 2011              |   | 15,000,000 RMB($2,287,841)   |   |                              | 65     | % |
|                                                                                 |   |                      |   |                         |   |                              |   |   |
| Kunshan Zhongpin Cold Chain Logistics Company Limited                                |   | June 3, 2011              |   | 300,000,000 RMB($46,356,388) |   |                              | 100    | % |

----

----

----

|                                |   | June 30, 2011 |      |   | December 31, 2010 |   |
|-------------------------------------|--------|-------------------------|-----------|--------|-----------------------------|--------|
|                                |   |                    |      |   |                        |   |
| Beginning balance                   |   | $                       | 1,708,479 |   |                        | $      | 1,132,038 |   |
| Additions to allowance for bad debt |   |                    | 703,155   |   |                        |   | 576,441 |   |
| Ending balance                      |   | $                       | 2,411,634 |   |                        | $      | 1,708,479 |   |

|                           |         | Estimated UsefulEconomic Life |
|--------------------------------|--------------|-----------------------------------------|
| Plants and buildings           |         | 5-30 years                              |
| Machinery and equipment        |         | 5-20 years                              |
| Office furniture and equipment |         | 3-5 years                               |
| Vehicles                       |    | 5 years                                 |

----

----

----

|                              |   | June 30, 2011 |       |   | December 31, 2010 |   |
|-----------------------------------|--------|-------------------------|------------|--------|-----------------------------|--------|
|                              |   | (Unaudited)             |       |   |                        |   |
|                              |   |                    |       |   |                        |   |
| Raw materials                     |   | $                       | 6,613,777  |   |                        | $      | 6,934,521 |   |
| Low value consumables and packing |   |                    | 1,647,976  |   |                        |   | 1,506,700 |   |
| Work-in-progress                  |   |                    | 4,432,361  |   |                        |   | 2,719,933 |   |
| Finished goods                    |   |                    | 18,012,936 |   |                        |   | 15,372,860 |   |
| Inventories                       |   | $                       | 30,707,050 |   |                        | $      | 26,534,014 |   |

|                           |   | June 30, 2011 |        |   | December 31, 2010 |   |
|--------------------------------|--------|-------------------------|-------------|--------|-----------------------------|--------|
|                           |   | (Unaudited)             |        |   |                        |   |
|                           |   |                    |        |   |                        |   |
| Plants and buildings           |   | $                       | 239,605,746 |   |                        | $      | 214,765,759 |   |
| Machinery and equipment        |   |                    | 104,174,741 |   |                        |   | 96,632,003 |   |
| Office furniture and equipment |   |                    | 5,592,866   |   |                        |   | 3,915,451 |   |
| Vehicles                       |   |                    | 3,941,386   |   |                        |   | 3,629,177 |   |
| Accumulated depreciation       |   |                    | (35,492,071 | )      |                        |   |  (27,374,994 | ) |
| Total                          |   | $                       | 317,822,668 |   |                        | $      | 291,567,396 |   |

----

|                           |   | June 30, 2011 |       |   | December 31, 2010 |   |
|--------------------------------|--------|-------------------------|------------|--------|-----------------------------|--------|
|                           |   | (Unaudited)             |       |   |                        |   |
|                           |   |                    |       |   |                        |   |
| Plants and buildings           |   | $                       | 694,285    |   |                        | $      | 695,424 |   |
| Machinery and equipment        |   |                    | 25,437,236 |   |                        |   | 25,589,091 |   |
| Office furniture and equipment |   |                    | 37,931     |   |                        |   | 34,655 |   |
| Vehicles                       |   |                    | 4,262      |   |                        |   | 4,130 |   |
| Accumulated depreciation       |   |                    | (2,896,207 | )      |                        |   | (2,111,119 | ) |
| Total                          |   | $                       | 23,277,507 |   |                        | $      | 24,212,181 |   |

|                     |   | June 30, 2011 |       |   | December 31, 2010 |   |
|--------------------------|--------|-------------------------|------------|--------|-----------------------------|--------|
|                     |   | (Unaudited)             |       |   |                        |   |
|                     |   |                    |       |   |                        |   |
| Land use rights          |   | $                       | 92,392,380 |   |                        | $      | 90,284,405 |   |
| Accumulated amortization |   |                    | (4,825,732 | )      |                        |   | (3,808,697 | ) |
| Total                    |   | $                       | 87,566,648 |   |                        | $      | 86,475,708 |   |

| Construction Project                                                    |   | Date orEstimated DatePut in Service(1) |   | June 30, 2011 |       |   | December 31,2010 |   |
|-------------------------------------------------------------------------|--------|------------------------------------------------------------|--------|-------------------------|------------|--------|-----------------------|--------|
| Upgrade for export certification in Changge         |   | March 2011                                                 |   | $                       | -          |   |                  | $      | 2,305,978 |   |
| Zhengzhou office                                                        |   | April 2011                                                 |   |                    | -          |   |                  |   | 36,934 |   |
| Distribution center in Changge                                          |   | May 2011                                                   |   |                    | --         |   |                  |   | 19,393,985 |   |
| Information system                                                      |   | July 2011                                                  |   |                    | 125,466    |   |                  |   | 671,757 |   |
| Replacement and maintenance in Changge industrial park                  |   | October 2011                                               |   |                    | 105,893    |   |                  |   | 305,533 |   |
| Production  facility for chilled and frozen pork in Taizhou   |   | January 2012                                               |   |                    | 19,895,492 |   |                  |   | 2,566,868 |   |
| Production  facility for chilled and frozen pork in Changchun |   | January 2012                                               |   |                    | 20,854,252 |   |                  |   | 5,054,401 |   |
| Zhongpin Xinda joint venture project                                    |   | January 2012                                               |   |                    | 248,161    |   |                  |   | -- |   |
| Production  facility for prepared pork products in Tianjin    |   | April 2012                                                 |   |                    | 13,339,132 |   |                  |   | 98,449 |   |
| Production facility for prepared pork products in Changge (first phase) |   | April 2012                                                 |   |                    | 13,885,670 |   |                  |   | -- |   |
| Upgrade for production facility in Anyang                               |   | July 2012                                                  |   |                    | 309,656    |   |                  |   | -- |   |
|                                                                    |   |                                                       |   |                    |       |   |                  |   |   |   |
| Total                                                                   |   |                                                       |   |                    | 68,763,722 |   |                  | $      | 30,433,905 |   |

----

| (1) | Represents date all regulatory permits and approvals are received and project is placed in service. In certain cases, construction of a project may be substantially completed and the project may be operational during a testing period prior to such date. |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| 7. | SHORT-TERM BANK LOANS |
|----|-----------------------|

| 8. | LONG-TERM BANK LOANS |
|----|----------------------|

| Bank                              |   | June 30, 2011 |        |   | December 31, 2010 |   |
|-----------------------------------|--------|-------------------------|-------------|--------|-----------------------------|--------|
|                              |   | (Unaudited)             |        |   |                        |   |
|                              |   |                    |        |   |                        |   |
| China Construction Bank           |   | $                       | 13,906,916  |   |                        | $      | 13,589,623 |   |
| Agriculture Bank of China         |   |                    | 80,505,594  |   |                        |   | 63,267,245 |   |
| Rabobank Nederland Shanghai       |   |                    | —     |   |                        |   | 4,529,874 |   |
| Canadian Government Transfer Loan |   |                    | 1,270,593   |   |                        |   | 1,343,429 |   |
| China Merchants Bank              |   |                    | 14,679,523  |   |                        |   | 14,344,605 |   |
| Changge Old Town                  |   |                    | 1,576,862   |   |                        |   | 1,540,885 |   |
| Current portion                   |   |                    | (10,962,161 | )      |                        |   | (14,943,260 | ) |
| Total long-term portion           |   | $                       | 100,977,327 |   |                        | $      | 83,672,401 |   |

----

----

| 9. | EQUITY TRANSACTIONS |
|----|---------------------|

----

|                    |   | Six Months Ended June 30, |    |
|-------------------------|--------|-----------------------------------------------|---------|
|                    |   | 2011                                          |    |   | 2010 |   |
| Expected life (years)   |   |                                          | 3       |   |   |   | 3-5 |   |
| Expected volatility     |   |                                          | 57.97   | % |   |   | 65.11 | % |
| Risk-free interest rate |   |                                          | 1.15    | % |   |   | 1.42 | % |
| Dividend yield          |   |                                          | — | % |   |   | — | % |

| 10. | EARNINGS PER SHARE |
|-----|--------------------|

|                                                                 |   | Three Months EndedJune 30, |       |   | Six Months EndedJune 30, |   |
|----------------------------------------------------------------------|--------|-------------------------------------------|------------|--------|-----------------------------------------|--------|
|                                                                 |   | 2011                                      |       |   | 2010                                    |   |   | 2011 |   |   | 2010 |   |
|                                                                 |   | (Unaudited)                               |       |   | (Unaudited)                             |   |   | (Unaudited) |   |   | (Unaudited) |   |
| Numerator:                                                           |   |                                      |       |   |                                    |   |   |   |   |   |   |   |
| Net income attributable to common shareholders                       |   | $                                         | 19,315,096 |   |                                    | $      | 12,365,445 |   |   | $ | 36,198,137 |   |   | $ | 25,615,908 |   |
|                                                                 |   |                                      |       |   |                                    |   |   |   |   |   |   |   |   |   |   |   |
| Denominator:                                                         |   |                                      |       |   |                                    |   |   |   |   |   |   |   |   |   |   |   |
| Weighted average number of common shares outstanding – basic   |   |                                      | 40,355,502 |   |                                    |   | 34,725,104 |   |   |   | 38,115,633 |   |   |   | 34,720,312 |   |
|                                                                 |   |                                      |       |   |                                    |   |   |   |   |   |   |   |   |   |   |   |
| Dilutive effect of stock options                                     |   |                                      | 10,151     |   |                                    |   | 383,160 |   |   |   | 88,275 |   |   |   | 402,584 |   |
|                                                                 |   |                                      |       |   |                                    |   |   |   |   |   |   |   |   |   |   |   |
| Weighted average number of common shares outstanding – diluted |   |                                      | 40,365,654 |   |                                    |   | 35,108,264 |   |   |   | 38,203,909 |   |   |   | 35,122,896 |   |
|                                                                 |   |                                      |       |   |                                    |   |   |   |   |   |   |   |   |   |   |   |
| Basic earnings per share                                             |   | $                                         | 0.48       |   |                                    | $      | 0.36 |   |   | $ | 0.95 |   |   | $ | 0.74 |   |
|                                                                 |   |                                      |       |   |                                    |   |   |   |   |   |   |   |   |   |   |   |
| Diluted earnings per share                                           |   | $                                         | 0.48       |   |                                    | $      | 0.35 |   |   | $ | 0.95 |   |   | $ | 0.73 |   |

----

| 11. | GOVERNMENT SUBSIDIES |
|-----|----------------------|

|                                    |   | Three Months EndedJune 30, |          |   | Six Months EndedJune 30, |   |
|-----------------------------------------|--------|-------------------------------------------|---------------|--------|-----------------------------------------|--------|
|                                    |   | 2011                                      |          |   | 2010                                    |   |   | 2011 |   |   | 2010 |   |
| Deferred subsidies opening balance:     |   |                                      |          |   |                                    |   |   |   |   |   |   |   |
| Interest subsidies                      |   | $                                         | —       |   |                                    | $      | — |   |   | $ | — |   |   | $ | — |   |
| Earmarked subsidies                     |   |                                      | —       |   |                                    |   | — |   |   |   | — |   |   |   | — |   |
| Non-earmarked subsidies                 |   |                                      | —       |   |                                    |   | — |   |   |   | — |   |   |   | — |   |
| Total                                   |   | $                                         |  — |   |                                    | $      |  — |   |   | $ | — |   |   | $ | — |   |
|                                    |   |                                      |          |   |                                    |   |   |   |   |   |   |   |   |   |   |   |
| Subsidies received:                     |   |                                      |          |   |                                    |   |   |   |   |   |   |   |   |   |   |   |
| Interest subsidies                      |   | $                                         | —       |   |                                    | $      | — |   |   | $ | — |   |   | $ | 307,045 |   |
| Earmarked subsidies                     |   |                                      | 772,606       |   |                                    |   | — |   |   |   | 772,606 |   |   |   | — |   |
|                                    |   |                                      |          |   |                                    |   |   |   |   |   |   |   |   |   |   |   |
| Non-earmarked subsidies                 |   |                                      | 337,286       |   |                                    |   | 1,244,925 |   |   |   | 1,451,907 |   |   |   | 1,870,081 |   |
|                                    |   |                                      |          |   |                                    |   |   |   |   |   |   |   |   |   |   |   |
| Total                                   |   | $                                         | 1,109,892     |   |                                    | $      | 1,244,925 |   |   | $ | 2,224,513 |   |   | $ | 2,177,126 |   |
|                                    |   |                                      |          |   |                                    |   |   |   |   |   |   |   |   |   |   |   |
| Subsidies recognized:                   |   |                                      |          |   |                                    |   |   |   |   |   |   |   |   |   |   |   |
| Interest subsidies                      |   | $                                         | —       |   |                                    | $      | — |   |   | $ | — |   |   | $ | 307,045 |   |
| Earmarked subsidies                     |   |                                      | —       |   |                                    |   | — |   |   |   | — |   |   |   | — |   |
| Non-earmarked subsidies                 |   |                                      | 337,286       |   |                                    |   | 1,244,925 |   |   |   | 1,451,907 |   |   |   | 1,870,081 |   |
|                                    |   |                                      |          |   |                                    |   |   |   |   |   |   |   |   |   |   |   |
| Total                                   |   | $                                         | 337,286       |   |                                    | $      | 1,244925 |   |   | $ | 1,451,907 |   |   | $ | 2,177,126 |   |
|                                    |   |                                      |          |   |                                    |   |   |   |   |   |   |   |   |   |   |   |
| Deferred subsidies year ending balance: |   |                                      |          |   |                                    |   |   |   |   |   |   |   |   |   |   |   |
| Interest subsidies                      |   | $                                         | —       |   |                                    | $      | — |   |   | $ | — |   |   | $ | — |   |
| Earmarked subsidies                     |   |                                      | 772,606       |   |                                    |   | — |   |   |   | 772,606 |   |   |   | — |   |
| Non-earmarked subsidies                 |   |                                      | —       |   |                                    |   | — |   |   |   | — |   |   |   | — |   |
| Total                                   |   | $                                         | 772,606       |   |                                    | $      | — |   |   | $ | 772,606 |   |   | $ | — |   |

----

| 12. | SEGMENT REPORTING |
|-----|-------------------|

|                    |   | Sales by Division(U.S. dollars in millions) |   |
|-------------------------|--------|----------------------------------------------------------------------|--------|
|                    |   | Three Months EndedJune 30,                            |   |   | Six Months EndedJune 30, |   |
|                    |   | 2011                                                                 |   |   | 2010 |   |   | 2011 |   |   | 2010 |   |
|                    |   | (Unaudited)                                                          |   |   | (Unaudited) |   |   | (Unaudited) |   |   | (Unaudited) |   |
| Pork and Pork Products: |   |                                                                 |   |   |   |   |   |   |   |   |   |   |
| Chilled pork            |   | $                                                                    | 213.2  |   |   | $ | 114.3 |   |   | $ | 381.8 |   |   | $ | 229.0 |   |
| Frozen pork             |   |                                                                 | 105.1  |   |   |   | 58.3 |   |   |   | 178.6 |   |   |   | 108.7 |   |
| Prepared pork products  |   |                                                                 | 43.1   |   |   |   | 36.8 |   |   |   | 84.3 |   |   |   | 73.1 |   |
| Vegetables and Fruits   |   |                                                                 | 5.1    |   |   |   | 5.7 |   |   |   | 7.5 |   |   |   | 8.6 |   |
| Total                   |   | $                                                                    | 366.5  |   |   | $ | 215.1 |   |   | $ | 652.2 |   |   | $ | 419.4 |   |
|                    |   |                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Cost of Sales:          |   |                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Pork products           |   | $                                                                    | 323.1  |   |   | $ | 184.9 |   |   | $ | 571.1 |   |   | $ | 361.9 |   |
| Vegetables and fruits   |   | $                                                                    | 4.2    |   |   | $ | 4.8 |   |   | $ | 6.1 |   |   | $ | 7.2 |   |
|                    |   |                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Gross Profit Margin:    |   |                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Pork products           |   |                                                                 | 10.6   | % |   |   | 11.7 | % |   |   | 11.4 | % |   |   | 11.9 | % |
| Vegetables and fruits   |   |                                                                 | 17.6   | % |   |   | 15.8 | % |   |   | 18.7 | % |   |   | 16.3 | % |

----

----

|   | Ø | By 2015, to decrease sales of room temperature pork to below 50% of total pork sales in cities at or above county level in China; |
|--------|--------|-----------------------------------------------------------------------------------------------------------------------------------|

|   | Ø | By 2015, to increase sales of chilled pork to around 30% of total pork sales in China; |
|--------|--------|----------------------------------------------------------------------------------------|

|   | Ø | By 2015, to decrease outstanding licenses for slaughterhouses from more than 21,000 to around 3,000 in China; and |
|--------|--------|-------------------------------------------------------------------------------------------------------------------|

|   | Ø | To build pork and pork products production bases in North China, Northeast China, East China and Southwest China. |
|--------|--------|-------------------------------------------------------------------------------------------------------------------|

----

----

|              |   | Sales by Division(unaudited)              |    |
|------------------------|--------|-----------------------------------------------------|---------|
|                   |   | Three Months EndedJune 30, 2011 |    |   | Three Months EndedJune 30, 2010 |   |
|                   |   | MetricTons                                          |    |   | SalesRevenues(in millions) |   |   | AveragePrice/MetricTon |   |   | MetricTons |   |   | SalesRevenues(in millions) |   |   | AveragePrice/MetricTon |   |
|                   |   |                                                |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Pork and Pork Products |   |                                                |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Chilled pork           |   |                                                | 78,458  |   |   | $ | 213.2 |   |   | $ | 2,717 |   |   |   | 71,200 |   |   | $ | 114.3 |   |   | $ | 1,605 |   |
| Frozen pork            |   |                                                | 39,729  |   |   |   | 105.1 |   |   |   | 2,645 |   |   |   | 39,084 |   |   |   | 58.3 |   |   |   | 1,492 |   |
| Prepared pork products |   |                                                | 20,463  |   |   |   | 43.1 |   |   |   | 2,106 |   |   |   | 18,747 |   |   |   | 36.8 |   |   |   | 1,963 |   |
| Vegetables and Fruits  |   |                                                | 4,310   |   |   |   | 5.1 |   |   |   | 1,183 |   |   |   | 5,341 |   |   |   | 5.7 |   |   |   | 1,062 |   |
| Total                  |   |                                                | 142,960 |   |   | $ | 366.5 |   |   | $ | 2,564 |   |   |   | 134,372 |   |   | $ | 215.1 |   |   | $ | 1,601 |   |

----

----

|                 |   | Numbers of Stores and Cities Generating Sales Volume(unaudited) |   |
|----------------------|--------|----------------------------------------------------------------------------------------------------|--------|
|                 |   | June 30,                                                                                      |   |   | Net |   |   | Percentage |   |
|                 |   | 2011                                                                                               |   |   | 2010 |   |   | Change |   |   | of Change |   |
| Showcase stores      |   |                                                                                               | 166    |   |   |   | 152 |   |   |   | 14 |   |   |   | 9 | % |
| Branded stores       |   |                                                                                               | 1,146  |   |   |   | 1,026 |   |   |   | 120 |   |   |   | 12 | % |
| Supermarket counters |   |                                                                                               | 2,031  |   |   |   | 2,065 |   |   |   | (34 | ) |   |   | (2 | )% |
| Total                |   |                                                                                               | 3,343  |   |   |   | 3,243 |   |   |   | 100 |   |   |   | 3 | % |
|                 |   |                                                                                               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| First-tier cities    |   |                                                                                               | 29     |   |   |   | 29 |   |   |   | — |   |   |   | 0 | % |
| Second-tier cities   |   |                                                                                               | 132    |   |   |   | 127 |   |   |   | 5 |   |   |   | 4 | % |
| Third-tier cities    |   |                                                                                               | 427    |   |   |   | 401 |   |   |   | 26 |   |   |   | 6 | % |
| Total cities         |   |                                                                                               | 588    |   |   |   | 557 |   |   |   | 31 |   |   |   | 6 | % |

|                          |   | Sales by Distribution Channel(Dollars in millions)(unaudited) |   |
|-------------------------------|--------|----------------------------------------------------------------------------------------|--------|
|                          |   | Three months ended June 30,                                        |   |   | Net |   |   | Percentage |   |
|                          |   | 2011                                                                                   |   |   | 2010 |   |   | Change |   |   | of Change |   |
| Retail channels               |   | $                                                                                      | 121.7  |   |   | $ | 85.7 |   |   | $ | 36.0 |   |   |   | 42 | % |
| Wholesalers and distributors  |   |                                                                                   | 127.2  |   |   |   | 67.6 |   |   |   | 59.6 |   |   |   | 88 | % |
| Restaurants and food services |   |                                                                                   | 111.4  |   |   |   | 60.0 |   |   |   | 51.4 |   |   |   | 86 | % |
| Export                        |   |                                                                                   | 6.2    |   |   |   | 1.8 |   |   |   | 4.4 |   |   |   | 244 | % |
| Total                         |   | $                                                                                      | 366.5  |   |   | $ | 215.1 |   |   | $ | 151.4 |   |   |   | 70 | % |

|   | · | we have built up our brand image and brand recognition through general advertising display promotions and sales campaigns; |
|--------|--------|----------------------------------------------------------------------------------------------------------------------------|

|   | · | we have increased the number of stores and other channels through which we sell our products; |
|--------|--------|-----------------------------------------------------------------------------------------------|

|   | · | we believe consumers are placing increased importance on food safety and are willing to pay higher prices for safe food products; and |
|--------|--------|---------------------------------------------------------------------------------------------------------------------------------------|

|   | · | Pork prices increased starting in the middle of 2010 and reached a high in the second quarter of 2011 |
|--------|--------|-------------------------------------------------------------------------------------------------------|

----

|                   |   | Cost of Sales by Division(unaudited) |    |
|------------------------|--------|----------------------------------------------------------|---------|
|                   |   | Three Months EndedJune 30, 2011      |    |   | Three Months EndedJune 30, 2010 |   |
|                   |   | MetricTons                                               |    |   | Cost ofSales(in millions) |   |   | AveragePrice/MetricTon |   |   | MetricTons |   |   | Cost ofSales(in millions) |   |   | AveragePrice/MetricTon |   |
|                   |   |                                                     |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Pork and Pork Products |   |                                                     |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Chilled pork           |   |                                                     | 78,458  |   |   | $ | 190.2 |   |   | $ | 2,424 |   |   |   | 71,200 |   |   | $ | 101.3 |   |   | $ | 1,423 |   |
| Frozen pork            |   |                                                     | 39,729  |   |   |   | 98.1 |   |   |   | 2,469 |   |   |   | 39,084 |   |   |   | 53.9 |   |   |   | 1,379 |   |
| Prepared pork products |   |                                                     | 20,463  |   |   |   | 34.8 |   |   |   | 1,701 |   |   |   | 18,747 |   |   |   | 29.8 |   |   |   | 1,590 |   |
| Vegetables and Fruits  |   |                                                     | 4,310   |   |   |   | 4.2 |   |   |   | 974 |   |   |   | 5,341 |   |   |   | 4.7 |   |   |   | 899 |   |
|                   |   |                                                     |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total                  |   |                                                     | 142,960 |   |   | $ | 327.3 |   |   | $ | 2,289 |   |   |   | 134,372 |   |   | $ | 189.7 |   |   | $ | 1,412 |   |

----

|                   |   | Sales by Division(unaudited)            |    |
|------------------------|--------|---------------------------------------------------|---------|
|                   |   | Six Months EndedJune 30, 2011 |    |   | Six Months EndedJune 30, 2010 |   |
|                   |   | MetricTons                                        |    |   | SalesRevenues(in millions) |   |   | AveragePrice/MetricTon |   |   | MetricTons |   |   | SalesRevenues(in millions) |   |   | AveragePrice/MetricTon |   |
|                   |   |                                              |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Pork and Pork Products |   |                                              |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Chilled pork           |   |                                              | 148,557 |   |   | $ | 381.8 |   |   | $ | 2,570 |   |   |   | 135,618 |   |   | $ | 229.0 |   |   | $ | 1,689 |   |
| Frozen pork            |   |                                              | 72,465  |   |   |   | 178.6 |   |   |   | 2,465 |   |   |   | 71,929 |   |   |   | 108.7 |   |   |   | 1,510 |   |
| Prepared pork products |   |                                              | 40,577  |   |   |   | 84.3 |   |   |   | 2,078 |   |   |   | 34,794 |   |   |   | 73.1 |   |   |   | 2,101 |   |
| Vegetables and Fruits  |   |                                              | 7,597   |   |   |   | 7.5 |   |   |   | 987 |   |   |   | 9,292 |   |   |   | 8.6 |   |   |   | 926 |   |
| Total                  |   |                                              | 269,196 |   |   | $ | 652.2 |   |   | $ | 2,423 |   |   |   | 251,633 |   |   | $ | 419.4 |   |   | $ | 1,667 |   |

----

|                          |   | Sales by Distribution Channel(Dollars in millions)(unaudited) |   |
|-------------------------------|--------|----------------------------------------------------------------------------------------|--------|
|                          |   | Six Months Ended June 30,                                          |   |   | Net |   |   | Percentage |   |
|                          |   | 2011                                                                                   |   |   | 2010 |   |   | Change |   |   | of Change |   |
|                          |   |                                                                                   |   |   |   |   |   |   |   |   |   |   |
| Retail channels               |   | $                                                                                      | 229.4  |   |   | $ | 170.3 |   |   | $ | 59.1 |   |   |   | 35 | % |
| Wholesalers and distributors  |   |                                                                                   | 224.6  |   |   |   | 129.8 |   |   |   | 94.8 |   |   |   | 73 | % |
| Restaurants and food services |   |                                                                                   | 188.6  |   |   |   | 116.2 |   |   |   | 72.4 |   |   |   | 62 | % |
| Export                        |   |                                                                                   | 9.6    |   |   |   | 3.1 |   |   |   | 6.5 |   |   |   | 210 | % |
| Total                         |   | $                                                                                      | 652.2  |   |   | $ | 419.4 |   |   | $ | 232.8 |   |   |   | 56 | % |

|   | · | we have built up our brand image and brand recognition through general advertising display promotions and sales campaigns; |
|--------|--------|----------------------------------------------------------------------------------------------------------------------------|

|   | · | we have increased the number of stores and other channels through which we sell our products; |
|--------|--------|-----------------------------------------------------------------------------------------------|

|   | · | we believe consumers are placing increased importance on food safety and are willing to pay higher prices for safe food products; and |
|--------|--------|---------------------------------------------------------------------------------------------------------------------------------------|

|   | · | Pork prices increased starting in the middle of 2010 and reached a high in the second quarter of 2011. |
|--------|--------|--------------------------------------------------------------------------------------------------------|

----

|                   |   | Cost of Sales by Division(unaudited) |    |
|------------------------|--------|----------------------------------------------------------|---------|
|                   |   | Six Months Ended June 30, 2011  |    |   | Six Months Ended June 30, 2010 |   |
|                   |   | MetricTons                                               |    |   | Cost ofSales(in millions) |   |   | AveragePrice/Metric Ton |   |   | MetricTons |   |   | Cost ofSales(in millions) |   |   | AveragePrice/MetricTon |   |
|                   |   |                                                     |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Pork and Pork Products |   |                                                     |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Chilled pork           |   |                                                     | 148,557 |   |   | $ | 339.8 |   |   | $ | 2,287 |   |   |   | 135,618 |   |   | $ | 203.4 |   |   | $ | 1,500 |   |
| Frozen pork            |   |                                                     | 72,465  |   |   |   | 165.9 |   |   |   | 2,289 |   |   |   | 71,929 |   |   |   | 100.2 |   |   |   | 1,393 |   |
| Prepared pork products |   |                                                     | 40,577  |   |   |   | 65.4 |   |   |   | 1,612 |   |   |   | 34,794 |   |   |   | 58.4 |   |   |   | 1,678 |   |
| Vegetables and Fruits  |   |                                                     | 7,597   |   |   |   | 6.1 |   |   |   | 803 |   |   |   | 9,292 |   |   |   | 7.1 |   |   |   | 764 |   |
| Total                  |   |                                                     | 269,196 |   |   | $ | 577.2 |   |   | $ | 2,144 |   |   |   | 251,633 |   |   | $ | 369.1 |   |   | $ | 1,467 |   |

----

|                   |   | Sales by Division(in metric tons) |    |
|------------------------|--------|-------------------------------------------------------|---------|
|                   |   | Three Months EndedJune 30,             |    |   | Six Months EndedJune 30, |   |
|                   |   | 2011                                                  |    |   | 2010 |   |   | 2011 |   |   | 2010 |   |
|                   |   | (Unaudited)                                           |    |   | (Unaudited) |   |   | (Unaudited) |   |   | (Unaudited) |   |
| Pork and Pork Products |   |                                                  |    |   |   |   |   |   |   |   |   |   |
| Chilled pork           |   |                                                  | 78,458  |   |   |   | 71,200 |   |   |   | 148,557 |   |   |   | 135,618 |   |
| Frozen pork            |   |                                                  | 39,729  |   |   |   | 39,084 |   |   |   | 72,465 |   |   |   | 71,929 |   |
| Prepared pork products |   |                                                  | 20,463  |   |   |   | 18,747 |   |   |   | 40,577 |   |   |   | 34,794 |   |
| Vegetable and Fruits   |   |                                                  | 4,310   |   |   |   | 5,341 |   |   |   | 7,597 |   |   |   | 9,292 |   |
| Total                  |   |                                                  | 142,960 |   |   |   | 134,372 |   |   |   | 269,196 |   |   |   | 251,633 |   |

----

|                   |   | Production by Division(in metric tons) |    |
|------------------------|--------|------------------------------------------------------------|---------|
|                   |   | Three Months EndedJune 30,                  |    |   | Six Months EndedJune 30, |   |
|                   |   | 2011                                                       |    |   | 2010 |   |   | 2011 |   |   | 2010 |   |
|                   |   | (Unaudited)                                                |    |   | (Unaudited) |   |   | (Unaudited) |   |   | (Unaudited) |   |
| Pork and Pork Products |   |                                                       |    |   |   |   |   |   |   |   |   |   |
| Chilled pork           |   |                                                       | 78,487  |   |   |   | 71,032 |   |   |   | 149,182 |   |   |   | 135,417 |   |
| Frozen pork            |   |                                                       | 36,434  |   |   |   | 45,315 |   |   |   | 71,700 |   |   |   | 85,793 |   |
| Prepared pork products |   |                                                       | 21,455  |   |   |   | 18,500 |   |   |   | 42,065 |   |   |   | 34,374 |   |
| Vegetable and Fruits   |   |                                                       | 3,149   |   |   |   | 4,675 |   |   |   | 6,376 |   |   |   | 8,574 |   |
| Total                  |   |                                                       | 139,525 |   |   |   | 139,522 |   |   |   | 269,323 |   |   |   | 264,158 |   |

|                         |   |                    |   |   | December 31, |   |
|------------------------------|--------|-------------------------|--------|--------|-------------------|--------|
|                         |   | June 30, 2011 |   |   | 2010              |   |   | 2009 |   |   | 2008 |   |
|                         |   |                    |   |   |              |   |   |   |   |   |   |   |
| Number of products           |   |                    | 439    |   |              |   | 429 |   |   |   | 392 |   |   |   | 314 |   |
| Number of retail stores      |   |                    | 3,343  |   |              |   | 3,326 |   |   |   | 3,205 |   |   |   | 3,061 |   |
| Expansion of Market Coverage |   |                    |   |   |              |   |   |   |   |   |   |   |   |   |   |   |
| Number of provinces          |   |                    | 24     |   |              |   | 24 |   |   |   | 24 |   |   |   | 24 |   |
| Number of first-tier cities  |   |                    | 29     |   |              |   | 29 |   |   |   | 29 |   |   |   | 29 |   |
| Number of second-tier cities |   |                    | 132    |   |              |   | 130 |   |   |   | 120 |   |   |   | 106 |   |
| Number of third-tier cities  |   |                    | 427    |   |              |   | 421 |   |   |   | 383 |   |   |   | 324 |   |

----

----

| Bank                                  |   | AmountBorrowed |        |   | Interest Rate |   | Maturity Date |
|---------------------------------------|--------|----------------|-------------|--------|--------------------|--------|--------------------|
|                                  |   |           |        |   |               |   |               |
| Short-term Loans                      |   |           |        |   |               |   |               |
|                                  |   |           |        |   |               |   |               |
| China Everbright Bank                 |   |           | 7,726,065   |   |               |   | 5.56               | % | 11/11/2011 |
|                                  |   |           |        |   |               |   |               |   |   |
| China Construction Bank               |   |           | 7,726,065   |   |               |   | 5.28               | % | 07/25/2011 |
|                                  |   |           | 6,180,852   |   |               |   | 5.00               | % | 11/11/2011 |
|                                  |   |           |        |   |               |   |               |   |   |
| Agriculture Development Bank of China |   |           | 4,427,268   |   |               |   | 6.56               | % | 07/08/2011 |
|                                  |   |           | 3,090,425   |   |               |   | 6.56               | % | 09/28/2011 |
|                                  |   |           |        |   |               |   |               |   |   |
| China Minsheng Bank                   |   |           | 2,163,298   |   |               |   | 6.89               | % | 01/26/2012 |
|                                  |   |           | 2,472,341   |   |               |   | 6.89               | % | 03/16/2012 |
|                                  |   |           |        |   |               |   |               |   |   |
| China Merchants Bank                  |   |           | 4,635,639   |   |               |   | 6.56               | % | 08/31/2011 |
|                                  |   |           | 4,635,639   |   |               |   | 6.56               | % | 12/13/2011 |
|                                  |   |           | 6,953,457   |   |               |   | 6.06               | % | 07/30/2011 |
|                                  |   |           | 2,317,819   |   |               |   | 6.06               | % | 08/10/2011 |
|                                  |   |           | 4,635,639   |   |               |   | 6.06               | % | 07/26/2011 |
|                                  |   |           |        |   |               |   |               |   |   |
| Xuchang Commercial Bank               |   |           | 3,090,425   |   |               |   | 6.56               | % | 05/11/2011 |
|                                  |   |           |        |   |               |   |               |   |   |
| Rabobank Nederland                    |   |           | 7,726,065   |   |               |   | 6.71               | % | 06/21/2011 |
|                                  |   |           | 7,726,065   |   |               |   | 6.41               | % | 06/30/2011 |
|                                  |   |           |        |   |               |   |               |   |   |
| Zhongyuan Trust Co., Ltd.             |   |           | 24,723,407  |   |               |   | 5.96               | % | 09/28/2011 |
|                                  |   |           |        |   |               |   |               |   |   |
| City Finance –short-term        |   |           | 30,904      |   |               |   | 0.00               | % | Extendable |
| Total                                 |   | $              | 100,261,373 |   |               |   |               |   |   |
|                                  |   |           |        |   |               |   |               |   |   |
| Long-term Loan-Current portion        |   |           |        |   |               |   |               |   |   |
|                                  |   |           |        |   |               |   |               |   |   |
| Canadian Government Transfer Loan     |   |           | 145,670     |   |               |   | 6.02               | % | 11/15/2011 |
|                                  |   |           |        |   |               |   |               |   |   |
| Agriculture Bank of China             |   |           | 1,545,213   |   |               |   | 6.65               | % | 12/27/2011 |
|                                  |   |           | 1,545,213   |   |               |   | 6.65               | % | 03/18/2012 |
|                                  |   |           | 7,726,065   |   |               |   | 6.65               | % | 06/30/2012 |
| Total                                 |   | $              | 10,962,161  |   |               |   |               |   |   |
|                                  |   |           |        |   |               |   |               |   |   |
| Long-term Loans                       |   |           |        |   |               |   |               |   |   |
|                                  |   |           |        |   |               |   |               |   |   |
| China Construction Bank               |   |           | 6,180,852   |   |               |   | 4.86               | % | 06/29/2013 |
|                                  |   |           | 3,090,426   |   |               |   | 6.40               | % | 03/01/2013 |
|                                  |   |           | 4,635,639   |   |               |   | 6.40               | % | 06/23/2013 |
|                                  |   |           |        |   |               |   |               |   |   |
| Agriculture Bank of China             |   |           | 1,545,213   |   |               |   | 6.65               | % | 03/18/2013 |
|                                  |   |           | 1,545,213   |   |               |   | 6.65               | % | 03/18/2014 |
|                                  |   |           | 2,317,819   |   |               |   | 6.65               | % | 12/27/2014 |
|                                  |   |           | 772,607     |   |               |   | 6.65               | % | 09/17/2012 |
|                                  |   |           | 772,607     |   |               |   | 6.65               | % | 09/17/2013 |
|                                  |   |           | 10,043,884  |   |               |   | 6.65               | % | 12/17/2014 |
|                                  |   |           | 2,317,819   |   |               |   | 6.65               | % | 12/27/2012 |
|                                  |   |           | 2,317,819   |   |               |   | 6.65               | % | 12/27/2013 |
|                                  |   |           | 3,863,032   |   |               |   | 6.65               | % | 12/27/2014 |
|                                  |   |           | 3,863,032   |   |               |   | 6.40               | % | 12/10/2013 |
|                                  |   |           | 10,971,012  |   |               |   | 6.40               | % | 02/03/2013 |
|                                  |   |           | 10,816,490  |   |               |   | 6.65               | % | 06/30/2013 |
|                                  |   |           | 12,361,703  |   |               |   | 6.65               | % | 06/30/2014 |
|                                  |   |           | 6,180,852   |   |               |   | 6.65               | % | 06/30/2015 |
|                                  |   |           |        |   |               |   |               |   |   |
| China Merchants Bank                  |   |           | 3,090,426   |   |               |   | 6.65               | % | 11/26/2012 |
|                                  |   |           | 4,635,639   |   |               |   | 6.65               | % | 11/26/2013 |
|                                  |   |           | 6,953,458   |   |               |   | 6.65               | % | 11/26/2014 |
|                                  |   |           |        |   |               |   |               |   |   |
| Changge Old Town                      |   |           | 1,576,862   |   |               |   | 7.00               | % | Extendable |
|                                  |   |           |        |   |               |   |               |   |   |
| Canadian Government Transfer Loan     |   |           | 1,124,923   |   |               |   | *                  |   | 11/15/2041 |
|                                  |   |           |        |   |               |   |               |   |   |
| Total                                 |   | $              | 100,977,327 |   |               |   |               |   |   |

----

----

----

----

----

| Item 1.  | Legal Proceedings |
|--------------------|-------------------|

| Item 1A.  | Risk Factors |
|---------------------|--------------|

| Item 2.  | Unregistered Sales of Equity Securities and Use of Proceeds |
|--------------------|-------------------------------------------------------------|

| Item 3.  | Defaults Upon Senior Securities |
|--------------------|---------------------------------|

| Item 4.  | (Removed and Reserved) |
|--------------------|------------------------|

| Item 5.  | Other Information |
|--------------------|-------------------|

| Item 6.  | Exhibits |
|--------------------|----------|

----

| Date:  August 9, 2011 | Zhongpin Inc. |
|---------------------------------|---------------|
|                            | (Company)     |
|                            |          |
|                            | By:           | /s/ Xianfu Zhu |
|                            |          | Xianfu Zhu |
|                            |          | Chief Executive Officer |
|                            |          |   |
|                            | By:           | /s/ Feng Wang |
|                            |          | Feng Wang |
|                            |          | Chief Financial Officer |

----

| ExhibitNumber |   | Exhibit Title                                                                                           |
|---------------|--------|--------------------------------------------------------------------------------------------------------------|
|          |   |                                                                                                         |
| 31.1*         |   | Certification of our Chief Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002. |
|          |   |                                                                                                         |
| 31.2*         |   | Certification of our Chief Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002. |
|          |   |                                                                                                         |
| 32.1*         |   | Certification of our Chief Executive Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002. |
|          |   |                                                                                                         |
| 32.2*         |   | Certification of our Chief Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002. |

----

| *  | Filed herewith |
|---------|----------------|

----