----

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|  x  | QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
|---------------|-----------------------------------------------------------------------------------------|

| o | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
|---|------------------------------------------------------------------------------------------|

| Delaware                                                      | 20-8296010                              |
|---------------------------------------------------------------|-----------------------------------------|
| (State or other jurisdiction ofincorporation or organization) | (I.R.S. Employer Identification Number) |
|                                                          |
| 100 Wall Street, 15th Floor, New York, NY, 10005              |
| (Address of principal executive office and zip code)          |
|                                                          |
| 212-232-0120                                                  |
| (Registrant’s telephone number, including area code)    |

| Large accelerated filer o |   | Accelerated filer o         |   |
|---------------------------|--------|-----------------------------|--------|
| Non-accelerated filer o   |   | Smaller reporting company x |   |

----

----

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CHINA JIANYE FUEL, INC.

| PART I— FINANCIAL INFORMATION |                                                                                        |
|-------------------------------------|---------------------------------------------------------------------------------------------|
|                                |                                                                                        |   |
| Item 1.                             | Financial Statements                                                                        | 1 |
| Item 2.                             | Management’s Discussion and Analysis of Financial Condition and Results of Operations | 2 |
| Item 3.                             | Quantitative and Qualitative Disclosures About Market Risk                                  | 8 |
| Item 4T.                            | Controls and Procedures                                                                     | 8 |
|                                |                                                                                        |   |
| PART II— OTHER INFORMATION    |                                                                                        |
|                                |                                                                                        |   |
| Item 1.                             | Legal Proceedings                                                                           | 10 |
| Item 1A.                            | Risk Factors                                                                                | 10 |
| Item 2.                             | Unregistered Sales of Equity Securities and Use of Proceeds                                 | 10 |
| Item 3.                             | Defaults Upon Senior Securities                                                             | 10 |
| Item 4.                             | (Removed and Reserved)                                                                      | 10 |
| Item 5.                             | Other Information                                                                           | 10 |
| Item 6.                             | Exhibits                                                                                    | 10 |
|                                |                                                                                        |   |
| SIGNATURES                          | 11                                                                                          |

----

ITEM 1. Financial Information

| FINANCIAL STATEMENTS                                                                                              | Page #          |
|-------------------------------------------------------------------------------------------------------------------|-----------------|
|                                                                                                              |            |
| Condensed Consolidated Balance Sheets as of December 31, 2010 (Unaudited) and June 30, 2010                       | F-1             |
|                                                                                                              |            |
| Condensed Consolidated Statements of Operations for the three months ended December 31, 2010 and 2009 (Unaudited) | F-2             |
|                                                                                                              |            |
| Condensed Consolidated Statements of Operations for the three months ended December 31, 2010 and 2009 (Unaudited) | F-2             |
|                                                                                                              |            |
| Condensed Consolidated Statement of Cash Flows for the three months ended December 31, 2010 and 2009 (Unaudited)  | F-3             |
|                                                                                                              |            |
| Notes to the Financial Statements (Unaudited)                                                                     | F-4 – F-5 |

----

| CHINA JIANYE FUEL, INC.               |   |
|---------------------------------------|--------|
| CONDENSED CONSOLIDATED BALANCE SHEETS |   |

|                                                                    |   | December 31, 2010 |       |   | June 30, 2010 |   |
|-------------------------------------------------------------------------|--------|-------------------|------------|--------|---------------|--------|
| Assets                                                                  |   |              |       |   |          |   |
|                                                                    |   |              |       |   |          |   |
| Current assets:                                                         |   |              |       |   |          |   |
| Cash and cash equivalents                                               |   | $                 | 5,195      |   |          | $      | 6,312 |   |
| Accounts receivable, net of allowance for doubtful accounts of          |   |              | 47,551     |   |          |   | 43,881 |   |
| nil and $4,485,305 at December 31, 2010 and June 30, 2010, respectively |   |              |       |   |          |   |   |   |
| Inventory, net                                                          |   |              | 1,732,289  |   |          |   | 1,599,140 |   |
| Advances to suppliers                                                   |   |              | 73,170     |   |          |   | 57,854 |   |
| Due from related parties                                                |   |              | 63,122     |   |          |   | 57,307 |   |
| Prepaid expenses and other current assets                               |   |              | 298,017    |   |          |   | 299,434 |   |
| Total current assets                                                    |   |              | 2,219,344  |   |          |   | 2,063,928 |   |
|                                                                    |   |              |       |   |          |   |   |   |
| Property and equipment, net                                             |   |              | 2,268,474  |   |          |   | 2,315,009 |   |
|                                                                    |   |              |       |   |          |   |   |   |
| Intangibles, net                                                        |   |              | 45,765     |   |          |   | 45,596 |   |
|                                                                    |   |              |       |   |          |   |   |   |
| Total assets                                                            |   | $                 | 4,533,583  |   |          | $      | 4,424,533 |   |
|                                                                    |   |              |       |   |          |   |   |   |
|                                                                    |   |              |       |   |          |   |   |   |
| Liabilities and stockholders’ equity                              |   |              |       |   |          |   |   |   |
|                                                                    |   |              |       |   |          |   |   |   |
| Current liabilities:                                                    |   |              |       |   |          |   |   |   |
| Accounts payable and accrued expenses                                   |   | $                 | 141,123    |   |          | $      | 144,535 |   |
| VAT tax payable                                                         |   |              | 469,009    |   |          |   | 458,314 |   |
| Income tax payable                                                      |   |              | 545,666    |   |          |   | 530,304 |   |
| Due to related parties                                                  |   |              | 1,275,384  |   |          |   | 1,188,006 |   |
| Other current liabilities                                               |   |              | 29,908     |   |          |   | 35,560 |   |
| Total current liabilities                                               |   |              | 2,461,090  |   |          |   | 2,356,719 |   |
|                                                                    |   |              |       |   |          |   |   |   |
| Total liabilities                                                       |   |              | 2,461,090  |   |          |   | 2,356,719 |   |
|                                                                    |   |              |       |   |          |   |   |   |
| Stockholders’ equity:                                             |   |              |       |   |          |   |   |   |
| Common Stock, $0.001 par value, 200,000,000 shares                      |   |              | 29,977     |   |          |   | 29,977 |   |
|   Authorized, 29,976,923 shares issued and outstanding at     |   |              |       |   |          |   |   |   |
|   December 31, 2010 and June 30, 2010                         |   |              |       |   |          |   |   |   |
| Additional paid-in capital                                              |   |              | 5,695,058  |   |          |   | 5,695,058 |   |
| Retained Earnings                                                       |   |              | (4,540,955 | )      |          |   | (4,464,118 | ) |
| Accumulated other comprehensive income                                  |   |              | 888,413    |   |          |   | 806,897 |   |
| Total stockholders’ equity                                        |   |              | 2,072,493  |   |          |   | 2,067,814 |   |
|                                                                    |   |              |       |   |          |   |   |   |
| Total liabilities and stockholders' equity                              |   | $                 | 4,533,583  |   |          | $      | 4,424,533 |   |

----

| CHINA JIANYE FUEL, INC.                                                         |   |
|---------------------------------------------------------------------------------|--------|
| CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) |   |
| (Unaudited)                                                                     |   |

|                                                  |   | For the Three Months Ended |       |   | For the Six Months Ended |   |
|-------------------------------------------------------|--------|----------------------------|------------|--------|--------------------------|--------|
|                                                  |   | December 31, 2010     |       |   | December 31, 2009   |   |   | December 31, 2010 |   |   | December 31, 2009 |   |
|                                                  |   |                       |       |   |                     |   |   |   |   |   |   |   |
| Sales                                                 |   | $                          | 3,205      |   |                     | $      | 1,036,545 |   |   | $ | 3,882 |   |   | $ | 3,577,545 |   |
|                                                  |   |                       |       |   |                     |   |   |   |   |   |   |   |   |   |   |   |
| Cost of sales                                         |   |                       | (36,152    | )      |                     |   | (873,459 | ) |   |   | (71,407 | ) |   |   | (3,260,149 | ) |
|                                                  |   |                       |       |   |                     |   |   |   |   |   |   |   |   |   |   |   |
| Gross profit                                          |   |                       | (32,947    | )      |                     |   | 163,086 |   |   |   | (67,525 | ) |   |   | 317,396 |   |
|                                                  |   |                       |       |   |                     |   |   |   |   |   |   |   |   |   |   |   |
| Operating expenses                                    |   |                       |       |   |                     |   |   |   |   |   |   |   |   |   |   |   |
| Selling, general and administrative                   |   |                       | (23,971    | )      |                     |   | (114,809 | ) |   |   | (45,232 | ) |   |   | (138,401 | ) |
|                                                  |   |                       |       |   |                     |   |   |   |   |   |   |   |   |   |   |   |
| (Loss) income from operations                         |   |                       | (56,918    | )      |                     |   | 48,277 |   |   |   | (112,757 | ) |   |   | 178,995 |   |
|                                                  |   |                       |       |   |                     |   |   |   |   |   |   |   |   |   |   |   |
| Other expenses                                        |   |                       | 44,784     |   |                     |   | 428 |   |   |   | 44,407 |   |   |   | 142 |   |
|                                                  |   |                       |       |   |                     |   |   |   |   |   |   |   |   |   |   |   |
| (Loss) income before provision for income tax         |   |                       | (12,134    | )      |                     |   | 48,705 |   |   |   | (68,350 | ) |   |   | 179,137 |   |
|                                                  |   |                       |       |   |                     |   |   |   |   |   |   |   |   |   |   |   |
| Provision for income tax                              |   |                       | -          |   |                     |   | (12,176 | ) |   |   | - |   |   |   | (44,784 | ) |
|                                                  |   |                       |       |   |                     |   |   |   |   |   |   |   |   |   |   |   |
| Net (loss) income                                     |   |                       | (12,134    | )      |                     |   | 36,529 |   |   |   | (68,350 | ) |   |   | 134,353 |   |
|                                                  |   |                       |       |   |                     |   |   |   |   |   |   |   |   |   |   |   |
| Other comprehensive income                            |   |                       |       |   |                     |   |   |   |   |   |   |   |   |   |   |   |
| Foreign currency translation adjustment               |   |                       | 47,886     |   |                     |   | (6 | ) |   |   | 81,667 |   |   |   | 11,572 |   |
|                                                  |   |                       |       |   |                     |   |   |   |   |   |   |   |   |   |   |   |
| Comprehensive income                                  |   | $                          | 35,752     |   |                     | $      | 36,523 |   |   | $ | 13,317 |   |   | $ | 145,925 |   |
|                                                  |   |                       |       |   |                     |   |   |   |   |   |   |   |   |   |   |   |
| Basic earnings (loss) per share                       |   | $                          | (0.00      | )      |                     | $      | (0.00 | ) |   | $ | (0.00 | ) |   | $ | (0.00 | ) |
| Diluted earnings (loss) per share                     |   | $                          | (0.00      | )      |                     | $      | (0.00 | ) |   | $ | (0.00 | ) |   | $ | (0.00 | ) |
|                                                  |   |                       |       |   |                     |   |   |   |   |   |   |   |   |   |   |   |
| Weighted average number of common shares outstanding: |   |                       |       |   |                     |   |   |   |   |   |   |   |   |   |   |   |
| Basic                                                 |   |                       | 29,976,923 |   |                     |   | 29,976,923 |   |   |   | 29,976,923 |   |   |   | 29,976,923 |   |
| Diluted                                               |   |                       | 29,976,923 |   |                     |   | 29,976,923 |   |   |   | 29,976,923 |   |   |   | 29,976,923 |   |

----

| CHINA JIANYE FUEL, INC.                         |   |
|-------------------------------------------------|--------|
| CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS |   |
| (Unaudited)                                     |   |

|                                                   |   | For the Six Months Ended |    |
|--------------------------------------------------------|--------|--------------------------|---------|
|                                                   |   | December 31, 2010   |    |   | December 31, 2009 |   |
| Cash flows from operating activities:                  |   |                     |    |   |   |   |
| Net (Loss) Income                                      |   | $                        | (68,351 | ) |   | $ | 134,353 |   |
| Adjustments to reconcile net (loss) income to net cash |   |                     |    |   |   |   |   |   |
| used in operating activities:                          |   |                     |    |   |   |   |   |   |
| Depreciation and amortization                          |   |                     | 125,780 |   |   |   | 28,773 |   |
| Changes in current assets and current liabilities:     |   |                     |    |   |   |   |   |   |
| Accounts receivable                                    |   |                     | (2,324  | ) |   |   | 841,373 |   |
| Inventory, net                                         |   |                     | (84,128 | ) |   |   | (616,683 | ) |
| Advances to suppliers                                  |   |                     | (13,368 | ) |   |   | (24,055 | ) |
| Prepaid expense and other current assets               |   |                     | 10,158  |   |   |   | (21,436 | ) |
| Accounts payable and accrued expenses                  |   |                     | (7,587  | ) |   |   | (444,654 | ) |
| VAT tax payable                                        |   |                     | (2,898  | ) |   |   | 4,694 |   |
| Income tax payable                                     |   |                     | (416    | ) |   |   | 45,517 |   |
| Other current liabilities                              |   |                     | 5,982   |   |   |   | (2,804 | ) |
| Total adjustments                                      |   |                     | (94,581 | ) |   |   | (218,048 | ) |
|                                                   |   |                     |    |   |   |   |   |   |
| Net cash (used in) provided by operating activities    |   |                     | (37,152 | ) |   |   | (54,922 | ) |
|                                                   |   |                     |    |   |   |   |   |   |
| Cash flows from investing activities:                  |   |                     |    |   |   |   |   |   |
| Acquisition of property and equipment                  |   |                     | (11,090 | ) |   |   | - |   |
| Acquisition of intangible assets                       |   |                     | -       |   |   |   | - |   |
|                                                   |   |                     |    |   |   |   |   |   |
| Net cash used in investing activities                  |   |                     | (11,090 | ) |   |   | - |   |
|                                                   |   |                     |    |   |   |   |   |   |
| Cash flows from financing activities:                  |   |                     |    |   |   |   |   |   |
| Due to related parties                                 |   |                     | 47,111  |   |   |   | 18,052 |   |
|                                                   |   |                     |    |   |   |   |   |   |
| Net cash provided by financing activities              |   |                     | 47,111  |   |   |   | 18,052 |   |
|                                                   |   |                     |    |   |   |   |   |   |
| Effect of foreign currency translation on cash         |   |                     | 14      |   |   |   | 59 |   |
|                                                   |   |                     |    |   |   |   |   |   |
| Net decrease in cash and cash equivalents              |   |                     | (1,117  | ) |   |   | (36,811 | ) |
|                                                   |   |                     |    |   |   |   |   |   |
| Cash and cash equivalents at beginning of year         |   |                     | 6,312   |   |   |   | 55,202 |   |
|                                                   |   |                     |    |   |   |   |   |   |
| Cash and cash equivalents at end of year               |   | $                        | 5,195   |   |   | $ | 18,391 |   |
|                                                   |   |                     |    |   |   |   |   |   |
|                                                   |   |                     |    |   |   |   |   |   |
| Supplemental disclosure of cash flows                  |   |                     |    |   |   |   |   |   |
| Interest paid                                          |   | $                        | -       |   |   | $ | 483 |   |

----

CHINA JIANYE FUEL, INC.

|   | Basis of Presentation— The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States (“GAAP”) for interim financial reporting and in accordance with instructions for Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. In the opinion of management, the unaudited condensed consolidated financial statements contained in this report reflect all adjustments that are normal and recurring in nature and considered necessary for a fair presentation of the financial position and the results of operations for the interim periods presented. The year-end condensed balance sheet data was derived from audited financial statements, but does not include all disclosures required by GAAP. The results of operations for the interim period are not necessarily indicative of the results expected for the full year. These unaudited, condensed consolidated financial statements, footnote disclosures and other information should be read in conjunction with the financial statements and the notes thereto included in the Company’s Annual Report on Form 10-K for the year ended June 30, 2010. |
|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Organization — China Jianye Fuel Inc. was incorporated as Standard Commerce, Inc. (“Standard Commerce”) in December 1994 in Nevada. On November 13, 2007, Standard Commerce acquired the outstanding capital stock of American Jianye Ethanol Company, Inc., a Delaware corporation (“American Jianye”) and changed its name to China Jianye Fuel Inc. For accounting purposes, the acquisition was treated as a recapitalization of American Jianye. American Jianye is a holding company that owns 100% of Zhao Dong Jianye Fuel Co., Ltd. (“Zhao Dong”), a corporation organized under the laws of the People’s Republic of China. The accompanying consolidated financial statements include the financial statements of China Jianye Fuel Inc. and its subsidiaries (the “Company”). The Company’s primary business is to manufacture and distribute ethanol and methanol as alternative fuel for automobile use. |
|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Basis of Consolidation — The consolidated financial statements include the accounts of China Jianye Fuel, Inc. and its wholly owned subsidiaries.  All significant intercompany accounts and transactions are eliminated. |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Use of Estimates — The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. |
|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   |   |
|--------|--------|

|   | Cash and Cash Equivalents— Cash and cash equivalents include cash and all highly liquid instruments with original maturities of three months or less. |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Inventory — Inventory is stated at the lower of cost or market. Cost is determined by using the weighted-average method. The Company periodically reviews the age and turnover of its inventory to determine whether any inventory has become obsolete or has declined in value, and charges to operations for known and anticipated inventory obsolescence. The Company did not record any provision for slow-moving and obsolete inventory as of December 31, 2010 and June 30, 2010. |
|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Intangible Assets — Intangible assets consist of “Rights to use land” for 32 years in China and therefore amortized over 32 years based on straight-line method. |
|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|   | Recently Issued Accounting Guidance —These Accounting Standards Updates should be applied on a prospective basis for revenue arrangements entered into or materially modified in fiscal years beginning on or after June 15, 2010, with earlier application permitted.  Alternatively, an entity can elect to adopt these standards on a retrospective basis, but both these standards must be adopted in the same period using the same transition method.  The Company expects to apply this standard on a prospective basis for revenue arrangements entered into or materially modified beginning January 1, 2011.  It is expected the adoption of this Statement will have no material effect on the Company’s Financial Statements. |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | ASC Update (“ASU”) No. 2010-01, Equity (Topic 505): Accounting for Distributions to Shareholders with Components of Stock and Cash. This update clarifies that the stock portion of a distribution to shareholders that allows them to elect to receive cash or stock with a potential limitation on the total amount of cash that all shareholders can elect to receive in the aggregate is considered a share issuance that is reflected in earnings per share prospectively and is not a stock dividend. This ASU codified the consensus reached in EITF Issue No. 09-E “Accounting for Stock Dividends, Including Distributions to Shareholders with Components of Stock and Cash”. ASU 2010-01 is effective for interim and annual periods ending on or after December 15, 2009, and should be applied on a retrospective basis. The adoption of this update did not have any material impact on the Company’s financial statements. |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | ASC Updated (“ASU”) No. 2010-02, Consolidation (Topics 810) – Accounting and Reporting for Decreases in Ownership of a Subsidiary - A Scope Clarification.  This update provides guidance for non-controlling interests and changes in ownership interests of a subsidiary. An entity is required to deconsolidate a subsidiary when the entity ceases to have a controlling financial interest in the subsidiary. Upon deconsolidation of a subsidiary, an entity recognizes a gain or loss on the transaction and measures any retained investment in the subsidiary at fair value. The gain or loss includes any gain or loss associated with the difference between the fair value of the retained investment in the subsidiary and its carrying amount at the date the subsidiary is deconsolidated. In contrast, an entity is required to account for a decrease in its ownership interest of a subsidiary that does not result in a change of control of the subsidiary as an equity transaction.  The adoption of this update did not have any material impact on the Company’s financial statements. |
|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | ASC Update (“ASU”) No. 2010-13, Compensation – Stock Compensation (Topic 718): Effect of Denominating the Exercise Price of a Share-Based Payment Award in the Currency of the Market in Which the Underlying Equity Security Trades. This update is to codify the consensus reached in EITF Issue No. 09-J, “Effect of Denominating the Exercise Price of a Share-Based Payment Award in the Currency of the Market in Which the Underlying Equity Security Trades.” The amendments to the Codification clarify that an employee share-based payment award with an exercise price denominated in the currency of a market in which a substantial portion of the entity’s equity shares trades should not be considered to contain a condition that is not a market, performance, or services condition. Therefore, an entity would not classify such an award as a liability if it otherwise qualifies as equity. The adoption of this update did not have any material impact on the Company’s financial statements. |
|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | ASC Update (“ASU”) No. 2010-21, Accounting for Technical Amendments to Various SEC Rules and Schedules. This update amends various SEC paragraphs in the FASB Accounting Standards Codification pursuant to SEC Final Rule, “Technical Amendments to Rules Forms, Schedules and Codification of Financial Reporting Policies”. The adoption of this update did not have any material impact on the Company’s financial statements. |
|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | ASC Update (“ASU”) No. 2010-22, Accounting for Various Topics. This update amends various SEC paragraphs in the FASB Accounting Standards Codification based on external comments received and the issuance of Staff Accounting Bulletin (SAB) No. 112 which amends or rescinds portion of certain SAB topics. SAB 112 was issued to bring existing SEC guidance into conformity with ASC 805 “Business Combination” and ASC 810 “Consolidation”. The adoption of this update did not have any material impact on the Company’s financial statements. |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|   | Other accounting standards that have been issued or proposed by the FASB or other standards-setting bodies that do not require adoption until a future date are not expected to have a material impact on the Company’s financial statements upon adoption. |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|               |   |              |      |   |          |   |
|--------------------|--------|-------------------|-----------|--------|---------------|--------|
|               |   | December 31, 2010 |      |   | June 30, 2010 |   |
|               |   |              |      |   |          |   |
| Raw materials      |   | $                 | 544,662   |   |          | $      | 475,880 |   |
| Packaging supplies |   |              | 59,524    |   |          |   | 29,211 |   |
| Finished goods     |   |              | 1,128,103 |   |          |   | 1,094,049 |   |
|               |   |              |      |   |          |   |   |   |
| Total              |   | $                 | 1,732,289 |   |          | $      | 1,599,140 |   |

Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operation

----

----

----

|                                            |   | For the Three Months EndedSeptember , |    |   | Increase /(Decrease) |   |
|-------------------------------------------------|--------|--------------------------------------------|---------|--------|----------------------|--------|
|                                            |   | 2010                                       |    |   | 2009                 |   |   |   |   |
| Revenues                                        |   | $                                          | 3,205   |   |                 | $      | 1,036,545 |   |   |   | (1,033,340 | ) |
|                                            |   |                                       |    |   |                 |   |   |   |   |   |   |   |
| Cost of Sales                                   |   |                                       | 36,152  |   |                 |   | 873,459 |   |   |   | (837,307 | ) |
|                                            |   |                                       |    |   |                 |   |   |   |   |   |   |   |
| Gross Profit                                    |   |                                       | (32,947 | )      |                 |   | 163,086 |   |   |   | (196,033 | ) |
|                                            |   |                                       |    |   |                 |   |   |   |   |   |   |   |
| Selling, General and Administrative Expenses    |   |                                       | 23,971  |   |                 |   | 114,809 |   |   |   | (90,838 | ) |
|                                            |   |                                       |    |   |                 |   |   |   |   |   |   |   |
| Income (loss)  from operations        |   |                                       | (56,918 | )      |                 |   | 48,277 |   |   |   | (105,195 | ) |
|                                            |   |                                       |    |   |                 |   |   |   |   |   |   |   |
| Other Income (expenses)                         |   |                                       | 44,784  |   |                 |   | 428 |   |   |   | 44,356 |   |
|                                            |   |                                       |    |   |                 |   |   |   |   |   |   |   |
| Income (loss) before provision for income taxes |   |                                       | (12,134 | )      |                 |   | 48,705 |   |   |   | (60,839 | ) |
|                                            |   |                                       |    |   |                 |   |   |   |   |   |   |   |
| Income taxes                                    |   |                                       | -       |   |                 |   | 12,176 |   |   |   | (12,176 | ) |
|                                            |   |                                       |    |   |                 |   |   |   |   |   |   |   |
| Net Income (loss)                               |   |                                       | (12,134 | )      |                 |   | 36,529 |   |   |   | (48,663 | ) |
|                                            |   |                                       |    |   |                 |   |   |   |   |   |   |   |
| Total other income (expense)                    |   |                                       | 47,886  |   |                 |   | (6 | ) |   |   | 47,892 |   |
|                                            |   |                                       |    |   |                 |   |   |   |   |   |   |   |
| Comprehensive Income (Loss)                     |   | $                                          | 35,752  |   |                 |   | 36,523 |   |   |   | (771 | ) |

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|                                            |   | For the Six Months EndedSeptember , |     |   | Increase /(Decrease) |   |
|-------------------------------------------------|--------|-----------------------------------------------|----------|--------|----------------------|--------|
|                                            |   | 2010                                          |     |   | 2009                 |   |   |   |   |
| Revenues                                        |   | $                                             | 3,882    |   |                 | $      | 3,577,545 |   |   |   | (3,573,663 | ) |
|                                            |   |                                          |     |   |                 |   |   |   |   |   |   |   |
| Cost of Sales                                   |   |                                          | 71,407   |   |                 |   | 3,260,149 |   |   |   | (3,188,742 | ) |
|                                            |   |                                          |     |   |                 |   |   |   |   |   |   |   |
| Gross Profit                                    |   |                                          | (67,525  | )      |                 |   | 317,396 |   |   |   | (384,921 | ) |
|                                            |   |                                          |     |   |                 |   |   |   |   |   |   |   |
| Selling, General and Administrative Expenses    |   |                                          | 45,232   |   |                 |   | 138,401 |   |   |   | (93,169 | ) |
|                                            |   |                                          |     |   |                 |   |   |   |   |   |   |   |
| Income (loss)  from operations        |   |                                          | (112,757 | )      |                 |   | 178,995 |   |   |   | (291,752 | ) |
|                                            |   |                                          |     |   |                 |   |   |   |   |   |   |   |
| Other Income (expenses)                         |   |                                          | 44,407   |   |                 |   | 142 |   |   |   | 44,265 |   |
|                                            |   |                                          |     |   |                 |   |   |   |   |   |   |   |
| Income (loss) before provision for income taxes |   |                                          | (68,350  | )      |                 |   | 179,137 |   |   |   | (247,487 | ) |
|                                            |   |                                          |     |   |                 |   |   |   |   |   |   |   |
| Income taxes                                    |   |                                          | -        |   |                 |   | 44,784 |   |   |   | (44,784 | ) |
|                                            |   |                                          |     |   |                 |   |   |   |   |   |   |   |
| Net Income (loss)                               |   |                                          | (68,350  | )      |                 |   | 134,353 |   |   |   | (202,703 | ) |
|                                            |   |                                          |     |   |                 |   |   |   |   |   |   |   |
| Total other income (expense)                    |   |                                          | 81,667   |   |                 |   | 11,572 |   |   |   | 70,095 |   |
|                                            |   |                                          |     |   |                 |   |   |   |   |   |   |   |
| Comprehensive Income (Loss)                     |   | $                                             | 13,317   |   |                 |   | 145,925 |   |   |   | (132,608 | ) |

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|   |  | Our decision, indicated in the Consolidated Financial Statements, to record a provision of  $0 for uncollectible accounts, against total related accounts receivable of $47,551.  This decision was based on our relationship with the debtors and our knowledge of their capacity to repay the debts. |
|--------|----------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   |  | Our decision, described in Note 1 to the Consolidated Financial Statements, to record no provision for obsolete inventories.  This decision was based on fact that our inventory at December 31, 2010 amounted to less than two months’ sales and was primarily usable raw materials. |
|--------|----------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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Item 3. Quantitative and Qualitative Disclosures about Market Risks

Item 4T. Controls and Procedures

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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.

| Exhibit No.  | Description                                                                                                                                                                                                                                     |
|--------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|         |                                                                                                                                                                                                                                            |
| 31.1         | Certification of the Chief Executive Officer pursuant to Rule 13a-14(a)/15d-14(a) of the Securities Exchange Act of 1934, as amended.                                                                                                           |
|         |                                                                                                                                                                                                                                            |
| 31.2         | Certification of the Chief Financial Officer pursuant to Rule 13a-14(a)/15d-14(a) of the Securities Exchange Act of 1934, as amended.                                                                                                           |
|    |                                                                                                                                                                                                                                            |
| 32.1         | Certification of the Chief Executive Officer pursuant to Rule 13a-14(b) or Rule 15d-14(b) of the Securities Exchange Act of 1934, as amended, and 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002. |
|         |                                                                                                                                                                                                                                            |
| 32.2         | Certification of the Chief Financial Officer pursuant to Rule 13a-14(b) or Rule 15d-14(b) of the Securities Exchange Act of 1934, as amended, and 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002. |

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SIGNATURES

|   | CHINA JIANYE FUEL INC. |                                        |
|--------|------------------------|---------------------------------------------|
|   |                   |                                        |   |
|   | By:                    | /s/ Shobu Yu                                |   |
|   |                   | Name:  Shobu Yu                   |   |
|   |                   | Title: Chief Executive Officer and Director |   |
|   |                   |   (principal executive officer)        |   |
|   |                   | Date: February 19, 2011                     |   |

|   | By:    | /s/ Haishen Fei                                        |   |
|--------|--------|--------------------------------------------------------|--------|
|   |   | Name:  Haishen Fei                           |   |
|   |   | Title:  Chief Financial Officer and Director |   |
|   |   | (principal accounting officer)                         |   |
|   |   | Date: February 19, 2011                                |   |

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