U.S. SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549
                                 ---------------

                                   FORM 10-QSB

                                   (Mark One)

  [X] Quarterly report pursuant section 13 or 15(d) of the Securities Exchange
                                   Act of 1934
                  For the quarterly period ended March 31, 2002

  [ ] Transition report pursuant section 13 or 15(d) of the Securities Exchange
                                   Act of 1934
                  For the transition period from......to......
                        Commission file number 000-28235

                           NORTHPORT INVESTMENTS INC.
              (Exact name of small business issuer in its charter)

              Nevada                                        98-0204677
      --------------------------------------------------------------------
      (State or other jurisdiction of                     (IRS Employer
       Incorporation or organization)                  Identification No.)

   Unit #10, 8980 Fraserwood Court, Burnaby, British Columbia, Canada V5J 5H7
   --------------------------------------------------------------------------
                    (Address of principal executive offices)

                                 (604) 438-3598
                           ---------------------------
                           (Issuer's telephone number)

Check whether the issuer (1) filed all reports required to be filed by Section
13 or 15(d) of the Exchange Act during the past 12 months (or for such shorter
period that the registrant was required to file such reports), and (2) has been
subject to such filing requirements for the past 90 days. Yes  X    No
                                                              ---      ---

Number of shares outstanding of the issuer's classes of common equity, as of
March 31, 2002:

                   500,000 Shares of Common Stock (One Class)

Transitional Small Business Disclosure Format: Yes     No  X
                                                   ---    ---

This document consists of 13 pages, excluding exhibits.
<PAGE>

                           NORTHPORT INVESTMENTS INC.


                                      INDEX



Part I-Financial Information

Item 1. Financial Statements ................................................ 3


        Condensed balance sheet, March 31, 2002
         (unaudited) ........................................................ 3

        Condensed statements of operations for
         the three and six months ended March 31,
         2002 and 2001
         (unaudited) ........................................................ 4

        Condensed statements of cash flows for
         the six months ended March 31, 2002 and 2001
         (unaudited) ........................................................ 5

        Notes to condensed financial statements
         (unaudited) ........................................................ 6


Item 2. Plan of Operation ................................................... 7

Part II-Other Information

Item 1.  Legal Proceedings ..................................................12
Item 6. Exhibits and Reports on Form 8-K ....................................12
Signatures ..................................................................13



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<PAGE>


PART I - FINANCIAL INFORMATION

Item 1.  Financial Statements

                             Condensed Balance Sheet
                                   (Unaudited)

                                 March 31, 2002

ASSETS
Cash ...........................................................  $  27,942
                                                                  ---------

                                               TOTAL ASSETS       $  27,942
                                                                  =========

LIABILITIES AND SHAREHOLDER'S DEFICIT
Liabilities:
  Indebtedness to related party (Note B) .......................  $  40,000
  Accrued liabilities ..........................................      2,100
                                                                  ---------
                                          Total liabilities          42,100
                                                                  ---------

Shareholder's deficit:
  Common stock .................................................         50
  Additional paid-in capital ...................................     19,474
  Retained deficit .............................................    (33,682)
                                                                  ---------
                                Total shareholder's deficit         (14,158)
                                                                  ---------

                TOTAL LIABILITIES AND SHAREHOLDERS' DEFICIT       $  27,942
                                                                  =========


           See accompanying notes to condensed financial statements.


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<PAGE>


                       Condensed Statements of Operations
                                   (Unaudited)


                                   Three Months Ended       Six Months Ended
                                       March 31,                March 31,
                                  --------------------    --------------------
                                    2002        2001        2002        2001
                                  --------    --------    --------    --------
Costs and expenses:
  Legal fees ...................  $  8,534    $  2,265    $ 10,000    $  2,660
  Accounting fees ..............       350         250         600         500
  Travel .......................     1,899           -       1,899           -
  Other general and
   administrative expenses .....       159           -         159           -
                                  --------    --------    --------    --------
        Loss from operations       (10,942)     (2,515)    (12,658)     (3,160)
                                  --------    --------    --------    --------

Income tax benefit (expense)
(Note C) .......................         -           -           -           -
                                  --------    --------    --------    --------

                    Net loss      $(10,942)   $(2,515)    $(12,658)   $(3,160)
                                  ========    ========    ========    ========


Basic and diluted loss per
 common share ..................  $  (0.02)   $  (0.01)   $  (0.03)   $  (0.01)
                                  ========    ========    ========    ========
Basic and diluted weighted
 average common shares
 outstanding ...................   500,000     500,000     500,000     500,000
                                  ========    ========    ========    ========


           See accompanying notes to condensed financial statements.

                                       4
<PAGE>


                Condensed Statements of Cash Flows
                           (Unaudited)

                                                           Six Months Ended
                                                               March 31,
                                                        ----------------------
                                                          2002          2001
                                                        --------      --------

           Net cash (used in)operating activities        (12,058)            -
                                                        --------      --------

Cash flows from financing activities:
  Proceeds from director advance (Note B) ............    40,000             -
                                                        --------      --------
        Net cash provided by financing activities         40,000             -
                                                        --------      --------

Net change in cash ...................................    27,942             -
Cash, beginning of period ............................         -             -
                                                        --------      --------

                              Cash, end of period       $ 27,942      $      -
                                                        ========      ========

Supplemental disclosure of cash flow information:
  Cash paid during the period for:
    Interest .........................................  $      -      $      -
                                                        ========      ========
    Income taxes .....................................  $      -      $      -
                                                        ========      ========

           See accompanying notes to condensed financial statements.


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<PAGE>


                           Northport Investments, Inc.
                     Notes To Condensed Financial Statements
                                   (Unaudited)

NOTE A: BASIS OF PRESENTATION

The condensed financial statements presented herein have been prepared by the
Company in accordance with the accounting policies in its audited financial
statements for the year ended September 30, 2001 as filed in its Form 10-KSB and
should be read in conjunction with the notes thereto. The Company is a "blank
check" company with the purpose to evaluate, structure and complete a merger
with, or acquisition of, a privately owned corporation.

In the opinion of management, all adjustments (consisting only of normal
recurring adjustments) which are necessary to provide a fair presentation of
operating results for the interim period presented have been made. The results
of operations for the periods presented are not necessarily indicative of the
results to be expected for the year.

Interim financial data presented herein are unaudited.

NOTE B: RELATED PARTY TRANSACTIONS

During the three months ended March 31, 2002, a director advanced the Company
$40,000 for working capital. The advance does not carry and interest rate and is
due on demand.

NOTE C: INCOME TAXES

The Company records its income taxes in accordance with SFAS No. 109,
"Accounting for Income Taxes". The Company incurred net operating losses during
the periods shown on the condensed financial statements resulting in a deferred
tax asset, which was fully allowed for; therefore, the net benefit and expense
result in $-0- income taxes.



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<PAGE>


Item 2.  Plan of Operation

We intend to seek to acquire assets or shares of an entity actively engaged in a
business that generates revenues, in exchange for our securities. We have not
identified a particular acquisition target and have not entered into any
negotiations regarding an acquisition. We intend to contact investment bankers,
corporate financial analysts, attorneys and other investment industry
professionals through various media. None of our officers, directors, promoters
or affiliates have engaged in any preliminary contact or discussions with any
representative of any other company regarding the possibility of an acquisition
or merger with us as of the date of this filing.

Depending upon the nature of the relevant business opportunity and the
applicable state statutes governing how the transaction is structured, the
Company's Board of Directors expects that it will provide our shareholders with
complete disclosure documentation concerning a potential business opportunity
and the structure of the proposed business combination prior to consummation.
Disclosure is expected to be in the form of a proxy or information statement.

While any disclosure must include audited financial statements of the target
entity, we cannot assure you that such audited financial statements will be
available. As part of the negotiation process, the Board of Directors does
intend to obtain certain assurances of value, including statements of assets and
liabilities, material contracts, accounts receivable statements, or other
indications of the target entity's condition prior to consummating a
transaction, with further assurances that an audited statement would be provided
as a component of a merger or acquisition agreement.

Due to our intent to remain a shell corporation until a merger or acquisition
candidate is identified, it is anticipated that our cash requirements shall be
minimal, and that all necessary capital, to the extent required, will be
provided by the directors or officers. We do not anticipate that we will have to
raise capital in the next twelve months. We also do not expect to acquire any
plant or significant equipment.

We have no full time employees. Our President and Secretary have agreed to
allocate a portion of their time to our activities, without compensation. These
officers anticipate that our business plan can be implemented by their devoting
approximately five (5) hours each per month to our business affairs and,
consequently, conflicts of interest may arise with respect to their limited time
commitment. We do not expect any significant changes in the number of employees.

General Business Plan

Our purpose is to seek, investigate and, if investigation warrants, acquire an
interest in business opportunities presented to us by persons or firms that
desire to seek the perceived advantages of an Exchange Act registered
corporation. We will not restrict our search to any specific business, industry,
or geographical location and we may participate in a business venture of
virtually any kind or nature. This discussion of the proposed


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<PAGE>

business is purposefully general and is not meant to restrict our discretion to
search for and enter into potential business opportunities. Management
anticipates that it may be able to participate in only one potential business
venture because we have nominal assets and limited financial resources. This
lack of diversification should be considered a substantial risk to our
shareholders because it will not permit us to offset potential losses from one
venture against gains from another.

We may seek a business opportunity with entities that have recently commenced
operations, or that wish to utilize the public marketplace in order to raise
additional capital in order to expand into new products or markets, to develop a
new product or service, or for other corporate purposes. We may acquire assets
and establish wholly owned subsidiaries in various businesses or acquire
existing businesses as subsidiaries.

We anticipate that the selection of a business opportunity will be complex and
extremely risky. Due to general economic conditions, rapid technological
advances being made in some industries and shortages of available capital,
management believes that there are numerous firms seeking the perceived benefits
of a publicly registered corporation. The perceived benefits may include
facilitating or improving the terms for additional equity financing that may be
sought, providing liquidity for incentive stock options or similar benefits to
key employees, providing liquidity (subject to restrictions of applicable
statutes) for all shareholders and other factors. Potentially, available
business opportunities may occur in many different industries and at various
stages of development, all of which will make the task of comparative
investigation and analysis of these business opportunities extremely difficult
and complex.

We have, and will continue to have, no capital and therefore will not be able to
provide the owners of business opportunities with any significant cash or other
assets. However, management believes we will be able to offer owners of
acquisition candidates the opportunity to acquire a controlling ownership
interest in a publicly registered company without incurring the cost and time
required to conduct a public offering. The owners of the business opportunities
will, however, incur significant legal and accounting costs in connection with
acquisition of a business opportunity, including the costs of preparing Form
8-K's, 10-KSBs, 10-QSBs, agreements and related reports and documents. The `34
Act specifically requires that any merger or acquisition candidate comply with
all applicable reporting requirements, which include providing audited financial
statements to be included within the numerous filings relevant to complying with
the `34 Act. Nevertheless, the officers and directors of the Company have not
conducted market research and are not aware of statistical data that would
support the perceived benefits of a merger or acquisition transaction for the
owners of a business opportunity.

The analysis of new business opportunities will be undertaken by our officers
and directors, none of whom is a professional business analyst. Management
intends to concentrate on identifying preliminary prospective business
opportunities that may be brought to our attention through present associations
of our officers and directors, or by our shareholders. In analyzing prospective
business opportunities, management will consider:

                                       8
<PAGE>

o    the available technical, financial and managerial resources;

o    working capital and other financial requirements;

o    history of operations, if any;

o    prospects for the future;

o    nature of present and expected competition;

o    the quality and experience of management services that may be available and
     the depth of that management;

o    the potential for further research, development, or exploration;

o    specific risk factors not now foreseeable but which could be anticipated to
     impact our proposed activities;

o    the potential for growth or expansion;

o    the potential for profit;

o    the perceived public recognition of acceptance of products, services, or
     trades;

o    name identification and other relevant factors.

Our officers and directors expect to meet personally with management and key
personnel of the business opportunity as part of their "due diligence"
investigation. To the extent possible, the Company intends to utilize written
reports and personal investigations to evaluate the above factors. We will not
acquire or merge with any company that cannot provide audited financial
statements within a reasonable period of time after closing of the proposed
transaction.

Our management, while probably not especially experienced in matters relating to
the prospective new business of the Company, shall rely upon their own efforts
and, to a much lesser extent, the efforts of our shareholders, in accomplishing
our business purposes. We do not anticipate that any outside consultants or
advisors, except for our legal counsel and accountants, will be utilized by us
to accomplish our business purposes. However, if we do retain an outside
consultant or advisor, any cash fee will be paid by the prospective
merger/acquisition candidate, as we have no cash assets. We currently have no
contracts or agreements with any outside consultants and none are contemplated.

We will not restrict our search for any specific kind of firms, and may acquire
a venture that is in its preliminary or development stage or is already
operating. We cannot predict at this time the status of any business in which we
may become engaged, because the


                                       9
<PAGE>


business may need to seek additional capital, may desire to have its shares
publicly traded, or may seek other perceived advantages that we may offer.
Furthermore, we do not intend to seek capital to finance the operation of any
acquired business opportunity until we have successfully consummated a merger or
acquisition.

We anticipate that we will incur nominal expenses in the implementation of our
business plan. Because we have no capital to pay anticipated expenses, present
management will pay these charges with their personal funds, as interest free
loans. If additional funding is necessary, management and or shareholders will
continue to provide capital or arrange for additional outside funding. The only
opportunity that management has to have these loans repaid will be from a
prospective merger or acquisition candidate. Management has no agreements with
the Company that would impede or prevent consummation of a proposed transaction.
We cannot assure, however, that management will continue to provide capital
indefinitely if a merger candidate cannot be found. If a merger candidate cannot
be found in a reasonable period of time, management may be required to
reconsider its business strategy, which could result in our dissolution.

Acquisition of Opportunities

In implementing a structure for a particular business acquisition, we may become
a party to a merger, consolidation, reorganization, joint venture, or licensing
agreement with another corporation or entity. We may also acquire stock or
assets of an existing business. On the consummation of a transaction, it is
probable that our present management and shareholders will no longer be in
control. In addition, our directors may, as part of the terms of the acquisition
transaction, resign and be replaced by new directors without a vote of our
shareholders. Furthermore, management may negotiate or consent to the purchase
of all or a portion of our stock. Any terms of sale of the shares presently held
by officers and/or directors will be also afforded to all other shareholders on
similar terms and conditions. Any and all sales will only be made in compliance
with the securities laws of the United States and any applicable state.

While the actual terms of a transaction that management may be a party to cannot
be predicted, it may be expected that the parties to any business transaction
will find it desirable to avoid the creation of a taxable event and thereby
structure the acquisition in a so-called "tax-free" reorganization under
Sections 368(a)(1) or 351 of the Internal Revenue Code (the "Code"). In order to
obtain tax-free treatment under the Code, it may be necessary for the owners of
the acquired business to own 80% or more of the voting stock of the surviving
entity. In that event, the shareholders of the Company would retain 20% or less
of the issued and outstanding shares of the surviving entity, which would result
in significant dilution in the equity of the shareholders.

As part of the "due diligence" investigation, our officers and directors will
meet personally with management and key personnel, may visit and inspect
material facilities, obtain independent analysis or verification of certain
information provided, check references of management and key personnel, and take
other reasonable investigative measures to the extent of our limited financial
resources and management expertise. How


                                       10
<PAGE>


we will participate in an opportunity will depend on the nature of the
opportunity, the respective needs and desires of the parties, the management of
the target company and our relative negotiation strength.

With respect to any merger or acquisition, negotiations with target company
management are expected to focus on the percentage of our Company that the
target company shareholders would acquire in exchange for all of their
shareholdings in the target company. Depending upon, among other things, the
target company's assets and liabilities, our shareholders will probably hold a
substantially lesser percentage ownership interest following any merger or
acquisition. The percentage ownership may be subject to significant reduction in
the event we acquire a company with substantial assets. Any merger or
acquisition effected by us can be expected to have a significant dilutive effect
on the percentage of shares held by our then shareholders.

We will participate in a business opportunity only after the negotiation and
execution of appropriate written agreements. Although we cannot predict the
terms of the agreements, generally the agreements will require some specific
representations and warranties by all of the parties, will specify certain
events of default, will detail the terms of closing and the conditions that must
be satisfied by each of the parties prior to and after the closing, will outline
the manner of bearing costs, including costs associated with our attorneys and
accountants, will set forth remedies on default and will include miscellaneous
other terms.

As stated previously, we will not acquire or merge with any entity that cannot
provide independent audited financial statements concurrent with the closing of
the proposed transaction. We are subject to the reporting requirements of the
`34 Act. Included in these requirements is our affirmative duty to file
independent audited financial statements as part of a Form 8-K to be filed with
the Securities and Exchange Commission upon consummation of a merger or
acquisition, as well as our audited financial statements included in our annual
report on Form 10-KSB and quarterly reports on Form 10-QSB. If the audited
financial statements are not available at closing, or if the audited financial
statements provided do not conform to the representations made by the candidate
to be acquired in the closing documents, the closing documents will provide that
the proposed transaction will be voidable at the discretion of our present
management. If the transaction is voided, the agreement will also contain a
provision providing for the acquisition entity to reimburse us for all costs
associated with the proposed transaction.

Competition

We will remain an insignificant participant among the firms that engage in the
acquisition of business opportunities. There are many established venture
capital and financial concerns that have significantly greater financial and
personnel resources and technical expertise than we do. In view of our extremely
limited financial resources and limited management availability, we will
continue to be at a significant competitive disadvantage compared to our
competitors.

                                       11
<PAGE>


PART II - OTHER INFORMATION

Item 1.   Legal Proceedings

There is no litigation pending or threatened by or against us.

Item 6.   Exhibits and Reports on Form 8-K

          a.)  The following is a list of exhibits filed as part of this
               quarterly filing on Form 10QSB or as prior exhibits.

               Exhibit No.                       Description
               -----------                       -----------

                   3.1*             Articles of Incorporation

                   3.2*             Amendment to Articles of Incorporation

                   3.3*             Bylaws

                   4.1*             Specimen Informational Statement

                 4.1.1*             Form of Lock-up Agreement Executed by the
                                    Company's Shareholders

                                    Financial statements for the period ended
                                    March 31, 2002

               *  Filed as an Exhibit to the Company's Registration Statement
                  on Form 10-SB, dated November 22, 1999, and incorporated
                  herein by this reference.


          b.)  Reports on Form 8-K

               None


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<PAGE>


                           NORTHPORT INVESTMENTS INC.

                                   SIGNATURES

In accordance with the requirements of the Exchange Act, the registrant caused
this report to be signed on its behalf by the undersigned, thereunto duly
authorized.

                                      NORTHPORT INVESTMENTS INC.


Date:  May 14, 2002                   By:  /s/ Yan Zhao
                                           -----------------------------------
                                           Yan Zhao, President


                                      By:  /s/ Richard Wang
                                           -----------------------------------
                                           Richard Wang, Secretary



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