UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 10-Q

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

For the quarterly period ended ~~September~~March 3031, ~~2009~~2010


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

For the transition period from to .

Asia Electrical Power International Group Inc.

(Exact name of registrant as specified in Charter)

NEVADA	0-51787	98-0522960
(State or other	(Commission File No.)	(IRS Employee
(State or other jurisdiction of incorporation or organization)	(Commission File No.)	(IRS Employee Identification No.)
jurisdiction of		Identification No.)
incorporation or
organization)

E-4, Floor 3, Haijin Square Taizi Road, Nanshan District, Shenzhen, PRC 518067 ~~(Address of Principal Executive Offices)~~

(Address of Principal Executive Offices)

~~(Issuer~~86 ~~Telephone~~755 ~~number)~~2823 1993

(Issuer Telephone number)

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

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). o Yes o No

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act. (Check one):

Large ~~accelerated~~Accelerated ~~filer~~Filer o Accelerated ~~filer~~Filer o Non-~~accelerated~~Accelerated ~~filer~~Filer o ~~Smaller reporting company þ~~ (Do not check if a smaller reporting company) Smaller Reporting Company þ

Indicate by check mark whether the registrant is a shell company as defined in Rule 12b-2 of the Exchange Act. o Yes þ No

State the number of shares outstanding of each of the issuer’s classes of common equity, as of June ~~November 13~~14, ~~2009~~2010: 51,959,693 shares of common stock and 5,000,000 shares of preferred stock.

TABLE OF CONTENTS

~~PART I — FINANCIAL INFORMATION~~	PART I — FINANCIAL INFORMATION
	Item 1. Financial Statements
	Item 1. Financial Statements.
	Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations
	Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations.
	Item 3. Quantitative and Qualitative Disclosures about Market Risks
	Item 4. Controls and Procedures
~~PART II — OTHER INFORMATION~~	PART II — OTHER INFORMATION
	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 5. Other Information.
	Item 6. Exhibits
~~SIGNATURES~~	SIGNATURES
EX-31.1
EX-31.2
EX-32

PART I — FINANCIAL INFORMATION

Item 1. Financial Statements.

ASIA ELECTRICAL POWER INTERNATIONAL GROUP INC.
CONSOLIDATED BALANCE SHEETS

	September 30, 2009		December 31, 2008
	March 31, 2010		December 31, 2009
	(Unaudited)		(Audited)
ASSETS
Current Assets:
Cash	$	12,~~532~~893,~~054~~551	$	3,013,~~900~~027
Accounts receivables, net of allowance for doubtful accounts of $346,220		5,015,378		2,465,300
Accounts receivables		4,898,291		5,381,315
Other receivables		~~177~~154,~~283~~576		~~141~~161,~~203~~290
Advances to suppliers		7154,~~712~~101		6681,~~351~~340
Inventory		23,~~311~~027,~~361~~837		2,~~290~~851,~~470~~726
Total current assets		911,~~107~~028,~~788~~356		711,~~977~~488,~~224~~698
Fixed Assets
Fixed Assets:
Land use right		2,~~743~~711,~~148~~375		2,~~791~~727,~~248~~123
Plant, property, and equipment		7,819,228		7,387,628
Property plant & Equipment		7,937,991		4,945,096
		10,562,376		10,178,876
		10,649,366		10,540,107
Less: depreciation and amortization		1,345,429		1,056,603
Less accumulated depreciation		1,558,822		1,449,790
Net fixed assets		9,~~216~~090,~~947~~544		9,~~122~~090,~~273~~317
Other Assets:
Deposits		~~499~~657,~~529~~619		1554,~~043,807~~345
Advances to affiliate		2,718,496		920,500
Total other assets		657,619		554,345
Total other assets		3,218,025		1,964,307
Total Assets	$	20,776,519	$	21,133,360
Total Assets	$	21,542,760	$	19,063,804
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current Liabilities:
Notes payable	$	—	$	201,653
Accounts payable	$	5,611,987	$	5,935,828
Accounts payable		5,201,552		3,727,138
Advances from customers		664,934		545,739
Advances from customers		788,799		1,105,403
Accrued liabilities		270,978		713,579
Accrued liabilities		470,626		337,803
Other liabilities		553,503		195,643
Other liabilities		1,355,724		396,531
Convertible Note Payable		1,436,996		1,400,833
Total current liabilities		78,~~816~~538,~~701~~398		58,~~768~~791,~~528~~622
Convertible Note Payable		1,405,499		1,321,508
Total Liabilities		9,222,200		7,090,036
Stockholders’ Equity:
Preferred stock: authorized 5,000,000 shares of $0.001 par value; issued and outstanding, 5,000,000 shares		5,000		5,000
Common stock: authorized 150,000,000 shares of $0.001 par value; issued and outstanding 51,959,693 shares		51,960		51,960
Common stock: authorized 150,000,000 shares of $0.001 par value; issued and outstanding, 51,959,693 shares		51,960		51,960
Preferred stock: authorized 5,000,000 shares of $0.001 par value; issued and outstanding 5,000,000 shares		5,000		5,000
Capital in excess of par value		811,~~221~~154,~~456~~789		811,~~221~~154,~~456~~789
Paid in capital — stock options		2,933,333		2,933,333
Accumulated deficit		11,119		94,546
Accumulated earnings (deficit)		74,836		(245,975	)
Earnings appropriated for statutory reserves		183,749		183,749
Comprehensive income (loss)		850,226		824,245
Accumulated other comprehensive income		853,742		851,694
Total stockholders’ equity		12,230,560		11,973,768
Total Stockholders’ equity		12,238,121		12,341,738
Tot Total Liabilities and Stockholders’ Equity	$	21,542,760	$	19,063,804
Total Liabilities and Stockholders’ Equity	$	20,776,519	$	21,133,360

The accompanying notes are an integral part of these financial statements.

ASIA ELECTRICAL POWER INTERNATIONAL GROUP INC. CONSOLIDATED STATEMENTS OF OPERATIONS For the Three ~~and~~Month ~~Nine~~Periods ~~Months~~ Ended ~~September~~March 3031, ~~2009~~2010 and ~~2008~~2009 (Unaudited)

	Nine Months Ended September 30,						Three months ended September 30,
	2010			2009
	2009			2008			2009			2008
Revenue	$	3,536,923		$	2,079,282
Revenue	$	13,351,210		$	9,406,051		$	6,637,692		$	3,997,033
Cost of Sales		2,830,142			1,702,321
Cost of Sales		10,406,404			7,810,410			5,008,791			3,292,637
Gross Profit		706,781			376,961
Gross Profit		2,944,806			1,595,641			1,628,901			704,396
Selling and Administrative Expenses		773,216			495,160
Expenses:
Operating Loss		(66,435	)		(118,199	)
Selling and Administrative Expenses		2,416,659			872,667			1,121,791			251,043
Other Income( Expense):
Operating Income		528,147			722,974			507,110			453,353
Interest Expense		(37,433	)		(38,006	)
Other Income (Expense)
Interest Income		1,468			2,310
Interest expense		(87,957	)		(4,811	)		(29,125	)		(1,123	)
Other Expense		(1,463	)		(5,831	)
Losses on foreign currency transactions		(61,148	)		(3,331	)		—			(3,331	)
Other Income		33,830			31,993
Interest income		8,001			9,279			2,123			4,976
Net other income (expense)		(3,598	)		(9,534	)
Other income		95,410			5,663			33,639			(32,817	)
Income before Income Taxes		(70,033	)		(127,733	)
Net other income (expense)		(45,694	)		6,800			6,637			(32,295	)
Provision for Income Taxes:		35,632
Income before Income Taxes		482,453			729,774			513,747			421,058
Net Loss for the Period		(105,665	)		(127,733	)
Provision for Income Taxes:
Other Comprehensive Income: —
Current Provision		(161,644	)		(63,041	)		(114,174	)		(37,993	)
Foreign Currency Translation Adjustments		2,048			13,032
Net Income for the Period		320,809			666,733			399,573			383,065
Total Comprehensive Loss	$	(103,617	)	$	(114,701	)
Other Comprehensive Income —
Income Per Common Share —
Foreign currency translation adjustments		25,983			172,306			11,557			41,660
Basic and Diluted		($0.00	)		($0.00	)
Total Comprehensive Income	$	346,792		$	839,039		$	411,130		$	424,725
Weighted Average Number of Shares Outstanding		51,959,693			51,959,693
Income Per Common Share —
Basic and Diluted	$	0.01		$	0.01		$	0.01		$	0.01
Weighted average number of shares outstanding		51,959,693			51,959,693			51,959,693			51,959,693

The accompanying notes are an integral part of these financial statements.

ASIA ELECTRICAL POWER INTERNATIONAL GROUP INC. CONSOLIDATED STATEMENTS OF CASH FLOWS For the ~~Nine~~Three Month Periods Ended ~~September~~March 3031, ~~2009~~2010 and ~~2008~~2009 ~~(Unaudited)~~

	2009			2008
CASH FLOWS FROM OPERATIONS:
Net income	$	320,809		$	666,733
Adjustments to reconcile net income to net cash provided (consumed) by operating activities:
Charges not requiring the outlay of cash:
Depreciation and amortization		286,495			236,308
Amortization of discount on convertible note		83,991			—
Changes in assets and liabilities:
Increases in accounts receivable		(2,534,784	)		(1,132,081	)
(Increase) decrease in other receivables		(44,503	)		209,488
(Increase) decrease in advances to suppliers		(5,198	)		94,392
Increase in inventory		(15,328	)		(240,783	)
Decrease in notes payable		(201,653	)		—
Increase in accounts payable		1,465,056			(15,331	)
Increase (decrease) in advances from customers		(319,219	)		367,732
Increase (decrease) in other payables		953,590			(1,328,250	)
Decrease in accrued liabilities		131,975			72,400
Net Cash Provided (Consumed) By Operating Activities		121,231			(1,069,392	)
CASH FLOWS FROM INVESTING ACTIVITIES:
Payment to affiliate		(1,797,323	)
Purchases of fixed assets		(425,411	)		(214,350	)
Increase in construction in progress		—			(850,804	)
Return of guarantee deposit		203,789			—
Increase (decrease) in deposits		409,311			(241,959	)
Net Cash Provided (Consumed) By Investing Activities		(1,609,634	)		(1,307,114	)
CASH FLOWS FROM FINANCING ACTIVITIES:
Borrowings under promissory note		—			1,545,483
Funds set aside for collateral account		—			(275,457	)
Borrowings under bank credit facility		—			918,189
Net Cash Provided (Consumed) By Financing Activities		—			2,188,215
Effect of exchange rate changes on cash		6,557			172,307
Net change in cash		(1,481,846	)		(15,984	)
Cash balance, beginning of period		3,013,900			2,920,073
Cash balance, end of period	$	1,532,054		$	2,904,089

(Unaudited)


	2010			2009
CASH FLOWS FROM OPERATIONS:
Net loss	$	(105,665	)	$	(127,733	)
Adjustments to reconcile net loss to cash flows provided by operating activities:
Charges not requiring the outlay of cash:
Depreciation and amortization		147,151			109,909
Amortization of discount on convertible note		(36,163	)		(36,163	)
Changes in assets and liabilities:
Decreases in accounts receivable		483,895			20,753
Decrease(increase) in other receivables		6,740			(10,858	)
Decrease in advances to suppliers		27,253			24,282
(Increase)decrease in inventory		(175,654	)		468,257
Decreases in accounts payable		(324,670	)		(206,195	)
Increase (decrease) in advances from customers		119,109			(5,238	)
Increase( decrease) in other payable		357,537			(30,504	)
(Decrease)increase in accrued liabilities		(442,720	)		11,523

Net Cash Provided by Operating Activities		129,139			290,359


CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of fixed assets		(145,915	)		(8,150	)
Return of guarantee deposit		0			203,029
Increases in deposits		(103,186	)		(213,642	)

Net Cash Consumed By Investing Activities		(249,101	)		(18,763	)


CASH FLOWS FROM FINANCING ACTIVITIES:

Repayments of loans		—			(201,346	)

Net Cash Consumed by Financing Activities		—			(201,346	)


Effect of exchange rates on cash		486			3,981

Net change in cash		(119,476	)		74,231
Cash balance, beginning of period		3,013,027			3,013,900

Cash balance, end of period	$	2,893,551		$	3,088,131

The accompanying notes are an integral part of these financial statements.

ASIA ELECTRICAL POWER INTERNATIONAL GROUP, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS ~~September 30~~MARCH 31, ~~2009~~2010 (Unaudited)

1. BASIS OF PRESENTATION

The ~~unaudited~~audited interim ~~consolidated~~ financial statements of Asia Electrical Power International Group Inc. (~~the~~ “the Company”) as of ~~September~~March 3031, ~~2009~~2010 and ~~2008~~2009 and for the three ~~and nine~~ month periods ended ~~September~~March 3031, ~~2009~~2010 and ~~2008~~ 2009, have been prepared in accordance with United States generally accepted accounting principles. In the opinion of management, such information contains all adjustments, consisting only of normal recurring adjustments, necessary for a fair presentation of the results offor such periods. The results of operations for the ~~nine~~quarter ~~months~~ ended ~~September~~March 3031, ~~2009~~ 2010 are not necessarily indicative of the results to be expected for the full fiscal year ending December 31, ~~2009~~2010.

Certain information and disclosures normally included in the notes to financial statements have been condensed or omitted as permitted by the rules and regulations of the Securities and Exchange Commission, although the Company believes the disclosure is adequate to make the information presented not misleading. The accompanying unaudited financial statements should be read in conjunction with the financial statements of the Company for the year ended December 31, ~~2008~~2009.

2. ~~NOTES~~INCOME ~~PAYABLE AND RELATED WARRANTY DEPOSIT~~TAXES

InThe ~~January, 2009, the~~ Company ~~paid~~was ~~the~~granted ~~principal~~a ~~balances~~50% ofexemption ~~promissory~~from ~~notes~~income ~~which~~taxes ~~totaled $201,653.~~for ~~These~~the ~~had~~years ~~been~~2009 ~~issued~~and ~~to five suppliers in lieu of payments for purchases~~2010. ~~At the time~~Such ofexemptions ~~the~~are ~~note~~available ~~payments,~~to aChinese ~~related~~enterprises ~~warranty~~classified ~~deposit~~as offoreign ~~$203,789~~investment ~~was returned to the Company~~companies.

3. ~~SELLING~~SUPPLEMENTAL ~~AND~~DISCLOSURE ~~ADMINISTRATIVE~~OF ~~EXPENSE~~CASH FLOWS INFORMATION

~~Details~~The Company did not make any cash payments of ~~amounts~~either ~~included~~interest inor ~~Selling~~income ~~and~~taxes ~~Administrative~~during ~~Expense~~the ~~are~~three month ~~presented~~periods ~~below~~ended March 31, 2010 or 2009.

	Nine Months Ended		Nine Months Ended
	September 30, 2009		September 30, 2008
Salaries and benefits	$	460,444	$	417,712
Executive salaries		615,000		—
Office and utilities		78,044		54,563
Travel expenses		244,047		131,052
Research and development		154,655		19,520
Depreciation		191,550		153,775
Promotional expense		102,421		51,902
Professional fees and expenses		435,000		—
Other expenses		135,498		44,143
	$	2,416,659	$	872,667

There were no non cash financing or investing transactions during either of the periods presented.

4. INCOME TAXES

The Company was granted a 50% exemption from income taxes for the year 2009. Such exemptions are available to Chinese enterprises classified as foreign investment companies. This exemption provides for exemption of 50% of the income taxes of 2009 and 2010.

5. SUPPLEMENTAL DISCLOSURE OF CASH FLOWS INFORMATION

The Company did not make any cash payments of either interest or income taxes during the nine month periods of 2009 and 2008.

There were no non cash financing or investing transactions during either of the periods presented.

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

Cautionary Notice Regarding Forward Looking Statements.

We desire to take advantage of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. This filing contains a number of forward-looking statements which reflect management’s current views and expectations with respect to our business, strategies, products, future results and events, and financial performance. All statements made in this filing other than statements of historical fact, including statements addressing operating performance, events, or developments which management expects or anticipates will or may occur in the future, including statements related to distributor channels, volume growth, revenues, profitability, new products, adequacy of funds from operations, statements expressing general optimism about future operating results, and non-historical information, are forward looking statements. In particular, the words “believe,” “expect,” “intend,” “anticipate,” “estimate,” “may,” variations of such words, and similar expressions identify forwarding-looking statements, but are not the exclusive means of identifying such statements, and their absence does not mean that the statement is not forward-looking. These forward-looking statements are subject to certain risks and uncertainties, including those discussed below. Our actual results, performance or achievements could differ materially from historical results as well as those expressed in, anticipated, or implied by these forward-looking statements. We do not undertake any obligation to revise these forward-looking statements to reflect any future events or circumstances. Readers should not place undue reliance on these forward-looking statements, which are based on management’s current expectations and projections about future events, are not guarantees of future performance, are subject to risks, uncertainties and assumptions (including those described below), and apply only as of the date of this filing. Our actual results, performance or achievements could differ materially from the results expressed in, or implied by, these forward-looking statements. Factors which could cause or contribute to such differences include, but are not limited to, the risks to be discussed in our next Annual Report on ~~Form10~~Form 10-K and in the press releases and other communications to shareholders issued by us from time to time which attempt to advise interested parties of the risks and factors which may affect our business. We undertake no obligations to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

Background

WeAsia ~~were~~Electrical Power International Group Inc. (“AEPW”) was incorporated in the State of Nevada on August 30, 2002 as “Berita International Corporation.” On December 24, 2003, we changed our name to “Keiji International Group Inc.” and on September 30, 2004, we changed our name to “Asia Electrical Power International Group Inc.” On January 23, 2003, we entered into an Asset and Share Exchange Agreement (the “Agreement”) with Shenzhen Naiji Electrical Equipment Co., Ltd. (“Naiji”), a PRC corporation, whereby we acquired all the issued and outstanding stock of Naiji for consideration of 24,000,000 shares of our common stock.

7On January 23, 2003, we entered into an Asset and Share Exchange Agreement (the “Agreement”) with Shenzhen Naiji Electrical Equipment Co., Ltd. (“Naiji”), a PRC company whereby we acquired all the issued and outstanding stock of Naiji for consideration of 24,000,000 shares of our common stock.

The shareholders of Naiji unanimously approved the Agreement for the purpose of restructuring itself in anticipation of becoming listed on the OTC Bulletin Board. AEPW was formed by Naiji for this purpose. As a result, Naiji became our wholly-owned subsidiary. Prior to entering into the Agreement, we had no assets, liabilities, equity and had not issued any of our shares. In PRC, corporate ownership is determined by each shareholder’s proportionate capital contribution. As a result of entering into the Agreement, the shareholders of Naiji became the shareholders of AEPW in equal proportions wherein the 24,000,000 shares were allocated based on the capital contributions, or ownership, of Naiji. The Agreement therefore was a non-arms length transaction.

Naiji has produced high and mid-voltage electrical switchgears since its inception in 1997.

For the year ended December 31, 2009, we generated a pre-tax income of $553,733 compared with a pre-tax net income of $64,075 for the 2008 fiscal year end period.

WeRecent ~~have produced high and mid-voltage electrical switchgears since its inception in 1997. For the~~Events ~~year ended December 31, 2008, we generated a pre-tax net income (audited) of $129,400 compared with a pre-tax net loss (audited) of $(946,837) for the 2007 fiscal year end period.~~

On December 4, 2009, we filed a Schedule 13E-3 Transaction Statement including a Preliminary Information as an Exhibit with the Securities and Exchange Commission (“SEC”) in connection with the approval by the board of directors of a reverse stock split of one share for each 500 shares of the Company’s common stock presently issued and outstanding. The purpose of the reverse stock split is to reduce the number of stockholders of the Company as part of a process to permit the Company to terminate operating as a “reporting company” under the Securities Exchange Act of 1934 because of the disproportionate expense in remaining a “public company” compared with any benefits the Company receives as a result thereof. A Definitive Schedule 14C Information Statement will be sent or made available to all stockholders before the Company carries out the reverse stock split. No proxies are being solicited in connection with this transaction since stockholders holding approximately 70.8% of the issued and outstanding common stock of the Company have voted in favor of the reverse stock split.

We intend to carry out the reverse stock split by filing an amendment to our Articles of Incorporation with the Secretary of State of Nevada after the SEC approves the transaction disclosure documents and we complete the dissemination of transaction information materials to our stockholders. We also intend to file a final Schedule 13E-3 Transaction Statement and a Form 15 Certification and Notice of Termination of Registration with the SEC in order to effect the voluntary deregistration of our common stock after the reverse stock split is completed. For more information regarding the reverse stock split, please see our Schedule 13E-3 Transaction Statement, as amended, and the exhibits thereto, and Schedule 14C Preliminary Information Statement and the exhibits thereto, all of which were filed on March 11, 2010.

Results of Operations

~~September~~March 3031, ~~2009~~2010, compared to ~~September~~March 3031, ~~2008~~2009

Revenues

	Nine months					Nine months
	Three months ended					Three months ended
	ended September					ended September
	March 31, 2010		% Sales			March 31, 2009		% Sales
	30, 2009		% Sales			30, 2008		% Sales
Revenue	$	3,536,923		100	%	$	2,079,282		100	%
Revenue	$	13,351,210		100	%	$	9,406,051		100	%
Cost of Sales		2,830,142		80	%		1,702,321		82	%
Cost of Sales		10,406,404		78	%		7,810,410		83	%
Gross Profit	$	706,781		20	%	$	376,961		18	%
Gross Profit	$	2,944,806		22	%	$	1,595,641		17	%

Our revenues for the ~~nine~~three months ended ~~September~~March 3031, ~~2009~~2010 were $133,~~351~~536,~~210~~923, which represents an increase of $31,~~945~~457,~~159~~641 (or 4170.91% which includes the effectiveness of the exchange rate) from revenues of $92,~~406~~079,~~051~~282 for the comparable ~~2008~~2009 period. The increase in revenues reflects ~~the Company’s~~further ~~successful~~market ~~tendering~~penetration ~~for engineering projects controlled by Power Supply Bureaus in Shanxi, Shandong, Yunnan~~ and ~~Guangxi~~the ~~provinces~~economic recovery.

Cost of Sales for the ~~nine~~three month period in ~~2009~~2010 was $102,~~406~~830,~~404~~142, which represents an increase of $21,~~595~~127,~~994~~821 (or 3366.2%) from $71,~~810~~702,~~410~~321 for the comparable ~~2008~~2009 period. The increase in cost of sales reflects the corresponding increase in sales for the period. Gross profit for the ~~2009~~2010 period was $2706,~~944,806~~781 representing an increase of $1329,~~349,165~~820 or $8487.65% from $1376,~~595,641~~961 for the comparable period in ~~2008~~ 2009. The increase in gross profit is attributable to the increase in revenues for the ~~2009~~ 2010 period.

	Three months					Three months
	ended September					ended September
	30, 2009		% Sales			30, 2008		% Sales
Revenue	$	6,637,692		100	%	$	3,997,033		100	%
Cost of Sales		5,008,791		75	%		3,292,637		82	%
Gross Profit	$	1,628,901		25	%	$	704,396		18	%

Our revenues for the three months ended September 30, 2009 were $6,637,692, which represents an increase of $2,640,659 (or 66.1% which includes the effectiveness of the exchange rate) from revenues of $3,997,033 for the comparable 2008 period. The significant increase in revenues is

due principally to the effectiveness of the PRC government’s stimulus money and policy to boost domestic demand. For the quarter ended September 30, 2009, the Company aggressively participated in tendering for engineering projects of power supply companies in different provinces. As a result, sales increased dramatically during the quarter.

Cost of Sales for the three month period ended September 30, 2009 was $5,008,791, which represents an increase of $1,716,154 (or 52.1%) from $3,292,637 for the comparable 2008 period. The increase in cost of sales is connected to the corresponding increase in revenues for the period. Gross profit for the 2009 three month period was $1,628,901 representing an increase of $924,505 (or $131.2%) from $704,396 for the comparable period in 2008. The increase in gross profit is attributable to the increase in revenues for the 2009 period.

Selling and Administrative Expenses

Selling and administrative expenses (which includes salaries and benefits, depreciation and amortization, travel and promotion, technical support and related overhead, among other charges) for the ~~2009~~2010 ~~nine~~three month period were $2773,~~416~~216,~~659,~~ which represents an increase of $1278,~~543,992~~056 (or ~~176.9~~ 56%) from $~~872~~495,~~667~~160 for the prior year period. The increase ~~in selling and administrative~~ expenses for the 2009 nine month period was due principally to the $615,000 in salaries of the Company’s CEO and Secretary in 2009 compared with $0 for the 2008 period, and professional fees of $435,000 in 2009 compared with $0 in the prior period. Additional changes include research & development ($154,655 for the 2009 period compared with $19,520 for the 2008 period), bad debt expense (expense of $512 for the current period versus a prior year credit of $73,951), travel and promotion ($190,831 for the 2009 period compared with $120,542 for the 2008 period), depreciation and amortization ($191,550 for the 2009 period compared with $153,775 for the 2008 period), and other miscellaneous charges ($194,495 for the 2009 period compared with $125,074 for the 2008 period).

~~During the 2009 period: fuel prices decreased slightly compared with the same period of last year~~7 but the increase in sales volume beyond Guangdong Province kept the transportation cost at the same level as last year’s; in order to mitigate the impact of the global financial crisis, management increased the expenses for public relations; the Company lowered advertising cost; the Company actively participated in tendering for engineering projects that are mostly funded through the governments’ stimulus money and correspondingly the Company’s tendering expenses increased; research and development increased from the prior period for the development of new switchgears.

The selling and administrative expenses for the three months ended September 30, 2009 were $1,121,791, which represents an increase of $870,748 (or 346.9%) from $251,043 for the prior year period. The increase for this 2009 period is principally because the Company accrued $265,000 for yearly salaries of our CEO and Secretary in 2009 and $335,000 in certain professional fees and expenses relating to its public company status compared to no expense in 2008.

~~Operating~~in ~~Income~~selling and administrative expenses for the 2010 three month period was due principally to the $350,000 executive salaries and bonuses paid to the Company’s CEO, Secretary and CFO in 2010 period compared to $0 for the 2009 period, offset by a decrease of $75,244 in salaries, benefit and dues. Additional changes include research & development expenses ($6,795 for the 2010 period compared with $25,318 for the 2009 period), technology support ($12,469 for the 2010 period compare with $8,418 for the 2009 period), automotive expense ($21,257 for 2010 period compared with $13,206 for the 2009 period), office and utilities ($22,604 for the 2010 period and $21,859 for 2009 period), bad debt expense (expense of $63 for the current period versus a prior year expense of $510), travel and promotion ($67,537 for the 2010 period compared with $62,790 for the 2009 period), depreciation ($68,072 for the 2010 period compared with $63,876 for the 2009 period), and other miscellaneous charges ($74,567 for the 2010 period compared with $74,008 for the 2009 period).

During the 2010 first ~~nine~~three ~~months~~month ofperiod: ~~2009,~~the weincrease ~~had~~in antransportation ~~operating~~was ~~income~~attributed to the increase in sales; the salaries and bonuses in the first quarter of 2009 include $~~528~~92,~~147~~305 ~~compared~~annual ~~with~~bonuses for ~~operating~~the ~~income~~fiscal ofyear ~~$722,974~~2008; additional depreciation for ~~the~~our ~~comparable~~new ~~period~~facilities, inraised ~~2008~~staff benefits and cost for a recruiter, ~~due~~in addition to the increased fuel expenses caused by increase gasoline price, are the main reasons ~~discussed~~for ~~above~~the increase in general and administrative expenses.

~~During the three month period ended September 30, 2009, our operating income was $507,110 compared~~Operating ~~with operating income of $453,353 for the comparable period in 2008, due to the reasons discussed~~Loss ~~above.~~

During the first three months of 2010, we had an operating loss of $66,435 compared with an operating loss of $118,199 for the comparable period in 2009, due to the reasons discussed above.

Other Income (Expense)

~~Other~~The ~~Income~~net amount of other income (~~Expense~~expense) was $~~(45~~3,~~694)~~598 for the ~~2009~~2010 ~~nine~~three month period compared with ~~$6,800~~net ~~for~~expenses ~~the comparable~~of ~~2008 period and was~~ $69,~~637~~534 for the comparable 2009 ~~three month~~ period ~~compared with $(32,295) for the 2008 period~~. The increase in other ~~expenses~~income (expense) for the ~~2009~~2010 ~~nine~~three month period was due primarily to a ~~loss~~reduction onin ~~currency~~the ~~exchange~~other onexpense ~~equipment purchases using European currency~~category.

Income Taxes

~~The~~We ~~corporate~~provided for income tax ~~increased~~of ~~from~~$35,632 9%in the first quarter in ~~2008~~2010 tocompared ~~10%~~with $0 in the same period of 2009. We did not pay income tax in 2009 because we recorded a net loss in the fiscal year 2008.

Income before Income Taxes, Net Income for the Period, Total Comprehensive Income, and Loss Per Common Share

For the 2010 ~~2009~~first ~~nine~~three month period, we had ~~income~~a loss before ~~taxes of $482,453 compared with~~ income tax of $~~729~~70,~~774~~033 ~~for the comparable period in 2008. For the three month period ended September 30, 2009, we had income before taxes of $513,747~~ compared with ~~income~~a loss of $~~421~~127,~~058~~733 for the comparable period in ~~2008~~2009. During the ~~2009~~2010 ~~nine~~three month period, we also made a provision for income taxes of $~~161~~35,~~644~~632, compared with a provision of $~~63,041~~0 for the comparable period in ~~2008. For three months ended~~ ~~September 30,~~ 2009 ~~and 2008, the provisions for income taxes were $114,174 and $37,993, respectively~~. ~~Our net income for the 2009 nine month period was $320,809, compared with net~~ income of $666,733 for the comparable period in 2008. The net income for the three month period ended September 30, 2009 was $399,573, compared with net income of $383,065 for the comparable period in 2008. Foreign currency translation adjustments, which are the impact of different foreign exchange rates applied to the balance sheet and income statement, were a gain of $25,983 for the 2009 nine month period, compared to a gain of $172,306 for the same period in 2008. Total comprehensive income of $346,792 for the first nine months of 2009 compares with total comprehensive income of $839,039 for the same period in 2008. For the three months ended September 30, 2009, total comprehensive income was $411,130, compared with total comprehensive income of $424,725 for the same period in 2008.

~~Income~~Our ~~per~~net loss ~~Common~~for ~~Share~~the 2010 three month period was $105,665, compared with the net loss of $127,733 for the comparable period in 2009. Foreign currency translation adjustments, which are the ~~nine~~impact ~~months~~of different foreign exchange rates applied to the balance sheet and income statement, were a gain of $2,048 for the 2010 three ~~months~~month ~~ended~~period, ~~September 30~~compared to a gain of $13,032 for the same period in 2009. Total ~~and~~comprehensive loss of $103,617 for the ~~nine~~ first three months ~~and~~of ~~three~~2010 compares with total comprehensive loss of $114,701 for the same period in 2009. Loss per Common Share for the three months ended ~~September~~March 3031, ~~2008~~2010 and March 31, 2009 was less than $0.01 per share ~~for each period~~.

108

Current Trends in the Industry

~~Since~~With ~~2003~~new wedevelopments ~~have~~in ~~experienced~~rural aareas, ~~decrease~~the inPRC ~~our~~will ~~sales~~be ~~due~~accepting bids to ~~the~~service ~~increased~~such ~~supply~~areas ~~of lower grade~~to ~~pirated~~establish ~~products~~electrical ~~being produced~~networks. We ~~expect~~anticipate ~~this~~such ~~trend~~new todevelopments ~~continue~~may ~~and,~~potentially inincrease ~~order for us to retain~~ our sales ~~market~~by ~~share~~20% ~~and~~during ~~increase~~fiscal ~~and~~2010. ~~surpass~~A ~~revenues~~majority ~~levels~~of ~~previously achieved, we will have to regain~~ our ~~competitive~~sales ~~edge~~are bygenerated ~~directing~~through ~~resources~~referrals ~~into product innovation and refinement, research~~from ~~and~~existing ~~development,~~customer ~~marketing and advertising~~base. WeHowever ~~will~~with ~~also~~these ~~focus~~new ondevelopments, ~~maintaining good customer relations by providing what~~ we ~~believe~~expect ~~to be~~ a ~~higher~~substantial ~~level~~amount of ~~customer~~our sales ~~service. We wish~~ to ~~attract~~ ~~new~~be ~~customers~~generated by ~~providing~~fulfilling ~~this~~PRC ~~level~~contract ofbids to service ~~consistently~~rural ~~throughout~~areas ~~the~~in ~~life of the contract~~2010.

We have been able to retain our market share and expect to increase our customer base and level of sales with existing methods of marketing, sales staff and customer service that we currently provide. We view customer service as the most important factor in our marketing mix. As mentioned above “Trends in the Industry”, with new developments in rural areas, the PRC will be accepting bids to service such areas to establish electrical networks. We anticipate such new developments will increase our sales by 25% per year for fiscal 2009 year end. A majority of our sales are generated through existing customer base by referrals however with these new developments.

Liquidity and Capital Resources

As of ~~September~~March 3031, ~~2009~~2010, we had working capital of $12,~~291~~489,~~087~~958 compared to working capital of $2,~~208~~697,~~696~~076 as of December 31, ~~2008~~2009. The decrease is due principally to the decrease in accounts receivable, decrease of cash reserve and the ~~increase~~increases in ~~accounts~~other ~~payable~~liabilities and advances from customers, partially offset by adecreases ~~increase~~ in accrued liabilities and accounts ~~receivable~~ payable.

Over the next three months, we will require approximately $53,~~000~~080,000 to sustain our working capital needs as follows, based on projected sales of $64,~~700~~000,000:

Materials, Labor, Overhead	$	42,~~200~~460,000
Selling Expenses and Administrative Expenses	$	~~800~~620,000
Total	$	53,~~000~~080,000

Sources of Capital

We expect our revenues generated from operations to cover our projected working capital needs; however, if additional capital is needed, we will explore financing options such as shareholder loans. Shareholder loans are without stated terms of repayment. In the past, we have been charged interest at the rate of 6% per annum. We have no formal agreement that ensures that we will receive such loans. In the event shareholder loans are not available, we may seek long or short term financing from local banks. ~~Presently, we do no have any credit facilities outstanding~~ ~~with any banks.~~

11We do not have any credit facilities with any lender.

Material Commitments

We do not have any material commitments for capital expenditures ~~other than the engineering expenditure for Asia Electrical Power Industrial Zone~~.

Seasonal ~~Aspect~~Aspects.

Our business is seasonal in that sales are particularly low in February, due to the Chinese New Year holiday, during which time our business is closed ~~for~~ up to 2 weeks. Sales in March are ~~usually~~ usually higher than usual levels as a result.

Off Balance Sheet Arrangements.

We have no off balance sheet arrangements.

~~CRITICAL ACCOUNTING POLICIES~~9

Our significant accounting policies are described in Note 1 to our audited consolidated financial statements included in the annual report for the year ended December 31, 2008. We prepare our financial statements in conformity with U.S. GAAP, which requires our management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities on the date of the financial statements and the reported amounts of revenues and expenses during the financial reporting period. Since the use of estimates is an integral component of the financial reporting process, actual results could differ from those estimates. Some of our accounting policies require higher degrees of judgment than others in their application. We consider the policies discussed below to be critical to an understanding of our financial statements as their application places the most significant demands on our management’s judgment.

NEW ACCOUNTING PRONOUNCEMENTS

In September 2006, the Financial Accounting Standards Board (“FASB”) issued Statement No. 157, Fair Value Measurement (FAS 157). While this statement does not require new fair value measurements, it provides guidance on applying fair value and expands required disclosures. FAS 157 was effective for the Company beginning in the first quarter of fiscal 2009. This pronouncement should not have a material impact on our financial statements.

In February 2008, FASB issued “Effective Date of FASB Statement No. 157” FASB Staff Position (FSP) No. 157-2 (FSP No. 157-2). FSP No. 157-2 delayed the effective date of FAS 157 until fiscal years beginning after November 15, 2008, for fair value measurements of non-financial assets and non-financial liabilities, except for items that are recognized or disclosed at fair value in an entity’s financial statements on a recurring basis (at least annually).

InCRITICAL ~~February 2007,~~ACCOUNTING ~~FASB issued Statement No. 159~~POLICIES, ~~The~~JUDGMENTS ~~Fair~~AND ~~Value Option for Financial Assets and Financial Liabilities (FAS 159)~~ESTIMATES. ~~The statement, which is expected to expand fair value~~ measurement, permits entities to choose to measure many financial instruments and certain others items at fair value. FAS 159 was effective for us beginning in the first quarter of 2009. This pronouncement should not have a material impact on our financial statements.

InCritical ~~March 2008,~~Accounting ~~FASB issued FAS No~~Estimates. ~~161, “Disclosures about Derivative Instruments and Hedging~~ ~~Activities.” The new standard is intended to improve financial reporting about derivative~~ instruments and hedging activities by requiring enhanced disclosures to enable investors to better understand their effects on an entity’s financial position, financial performance, and cash flows. It was effective for financial statements issued for fiscal years and interim periods beginning after November 15, 2008, with early application encouraged. We do not expect the adoption of FAS No. 161 to have a material impact on our financial statements.

~~Off-Balance~~The ~~Sheet~~preparation ~~Commitments~~of financial statements in conformity with GAAP requires management to make estimates and ~~Arrangements~~assumptions that affect certain reported amounts and disclosures of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods. The application of GAAP involves the exercise of varying degrees of judgment. The resulting accounting estimates will not always precisely equal the related actual results. Management considers an accounting estimate to be critical if:

We• ~~have~~Assumptions ~~not~~are ~~entered~~required ~~into any financial guarantees or other commitments~~ to ~~guarantee~~be ~~the~~made, ~~payment obligations~~and of• ~~any~~Changes ~~third~~in ~~parties.~~estimates Incould ~~addition, we~~ have ~~not~~a ~~entered~~material ~~into~~adverse ~~any~~effect ~~derivative~~on ~~contracts that are indexed to~~ our ~~own shares and classified as shareholder’s equity, or that are not reflected in our consolidated~~ financial statements. Furthermore, we do not have any retained or contingent interest in assets transferred to an unconsolidated entity that serves as credit, liquidity or market risk support to such entity. Moreover, we do not have any variable interest in any unconsolidated entity that provides financing, liquidity, market risk or credit support to us or engages in leasing, hedging or research and development services with us.

~~Revenue~~The ~~Recognition~~following table presents information about our most critical accounting estimates and the effects of hypothetical changes in the assumptions used when making such estimates:

~~Revenue~~Balance Sheet There is ~~recognized~~a ~~when~~risk ~~product~~of isHow ~~delivered~~did we arrive How accurate have How likely to ~~customers~~Account change because? at these Estimates? we been in the past? change in the future? Accounts Receivable We provide an Allowance For Doubtful Accounts (AFDA) based on the age of each account. InUncollectible ~~determining~~accounts ~~delivery~~are also written off, ~~consideration~~ isparticularly ~~given~~when tobankruptcy occurs. AFDA provisions are made by analyzing agings of the ~~following:~~accounts ~~whether~~receivable. anThese ~~arrangement~~estimates ~~exists~~of ~~with~~AFDA have been accurate in the ~~buyer;~~past. ~~whether delivery~~This method of determining AFDA will likely not change as the method used has ~~occurred;~~provided ~~whether~~accurate results. Inventory We review the ~~price~~net realizable value of our inventory to ~~the~~ensure ~~buyer~~that it is ~~fixed~~recorded at a lower of cost or ~~determinable;~~market ~~and~~value. ~~that~~At ~~collection~~ this time, any obsolete inventory is ~~reasonably~~written ~~assured~~off. NoThe ~~provision~~market value could change due to the success of technical innovation on our part or by competitors within the switchgear Market. The cost of our inventory (including manufacturing Overhead) is ~~made~~compared ~~for~~to net realizable value in the market. Our procedure has produced reliable results. We do not expect any ~~right~~change in procedure. Fixed Assets We calculate our depreciation using the straight line method based on useful lives of ~~return~~the ~~that~~assets. ~~may~~The ~~exist~~useful aslives of the ~~criteria specified~~asset incould ~~Statement~~change due to technical innovation and or other factors and we may write off or write down obsolete assets. The estimated lives of ~~Financial~~fixed ~~Accounting~~assets ~~Standards~~are based on guidelines provided by Chinese tax authorities. We believe our depreciation method has produced accurate results. We do not foresee any changes. Accrued Liabilities (~~FAS~~Income Tax) No We are subject to income taxes in China. 48 The determination of the tax liability is based on calculations which are further based on estimates such as, for example, allowances for bad debt. These estimates may change from time to time and the final tax outcome may increase or decrease our income tax expense provision made. Income tax provision is calculated based on the statutory tax rate and level of operating income. Operating income is partially based on various estimates. These estimates may differ from actual results. This calculation is made monthly and installments are made toward the tax liability. Our estimates currently have been ~~met~~in line with the actual assessment in our tax liability. Income tax provisions are calculated monthly. Our estimates may change from time to time and this may affect the income tax provision. We may under or over remit our installments based on how our estimates differ from actual results.

~~Income Taxes~~10

We account for income taxes under the provisions of FAS No. 109, “Accounting for Income Taxes,” as described in Note 12 to our audited consolidated financial statements included in our Annual Report on Form 10-K for the year ended December 31, 2008. We record a valuation allowance to reduce our deferred tax assets to the amount that we believe is more likely than not to be realized. In the event we were to determine that we would be able to realize our deferred tax assets in the future in excess of their recorded amount, an adjustment to our deferred tax assets would increase our income in the period such determination was made. Likewise, if we determine that we would not be able to realize all or part of our net deferred tax assets in the future, an adjustment to our deferred tax assets would be charged to our income in the period such determination is made. We record income tax expense on our taxable income using the

~~balance~~Revenue ~~sheet liability method at the effective rate applicable in China in our consolidated statements of operations and comprehensive income~~Recognition.

Revenue is recognized when the product is delivered to customers. In determining delivery, consideration is given to the following: whether an arrangement exists with the buyer; whether delivery has occurred; whether the price to the buyer is fixed or determinable; and that collection is reasonably assured. No provision is made for any right of return that may exist as the criteria specified in pronouncement of the Financial Accounting Standards (SFAS) have been met.

Item 3. Quantitative and Qualitative Disclosures about Market Risks

Not applicable because we are a smaller reporting company.

Item 4. Controls and Procedures

~~Pursuant~~Evaluation ~~to Rule 13a-15(b) under the Securities Exchange Act~~ of ~~1934~~Disclosure ~~(“Exchange~~Controls ~~Act”), the Company carried out an evaluation, with the participation of the Company’s management, including the Company’s Chief Executive Officer (“CEO”)~~ and Company’s Chief Financial Officer (“CFO”), of the effectiveness of the Company’s disclosure controls and procedures (as defined under Rule 13a-15(e) under the Exchange Act) as of the end of the period covered by this reportProcedures. ~~Based upon that~~ ~~evaluation, the Company’s CEO and CFO concluded that the Company’s disclosure controls and~~ procedures are effective to ensure that information required to be disclosed by the Company in the reports that the Company files or submits under the Exchange Act, is recorded, processed, summarized and reported, within the time periods specified in the SEC’s rules and forms, and that such information is accumulated and communicated to the Company’s management, including the Company’s CEO and CFO, as appropriate, to allow timely decisions regarding required disclosure.

The Securities and Exchange Commission defines the term “disclosure controls and procedures” to mean a company’s controls and other procedures that are designed to ensure that information required to be disclosed in the reports that it files or submits under the Securities Exchange Act of 1934 is recorded, processed, summarized and reported, within the time periods specified in the Commission’s rules and forms. Our chief executive officer and chief financial officer have concluded, based on the evaluation of the effectiveness of the disclosure controls and procedures by our management, with the participation of our chief executive officer and chief financial officer, as of the end of the period covered by this report, that our disclosure controls and procedures were effective for this purpose, except as noted below under “Changes in Internal Controls.”

~~There~~Changes ~~were no changes~~ in ~~our~~Internal ~~internal~~Controls ~~controls~~ over ~~financial~~Financial ~~reporting that occurred during the nine months ended September 30, 2009 that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting~~Reporting.

As of the end of the period covered by this report, we carried out an evaluation, under the supervision and with the participation of our management, including our Chief Executive Officer and Chief Financial Officer, of the effectiveness of the design and operation of our disclosure and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)). Based upon that evaluation, our Chief Executive Officer and Chief Financial Officer concluded that as of the end of the period covered by this Quarterly Report on Form 10-Q our disclosure controls and procedures were effective to enable us to accurately record, process, summarize and report certain information required to be included in the Company’s periodic SEC filings, and to accumulate and communicate to our management, including the Chief Executive Officer and Chief Financial Officer, to allow timely decisions regarding required disclosure.

There were no changes in our internal control over financial reporting that occurred during the most recent fiscal quarter that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

Prior to the issuance of our financial statements, we completed the account reconciliations, analyses and our management review such that we can certify that the information contained in our financial statements for the year ended December 31, 2009, fairly presents, in all material respects, the financial condition and results of operations of the Company.

Limitations on Effectiveness of Controls and Procedures.

Our management, including our Chief Executive Officer and Chief Financial Officer, does not expect that our disclosure controls and procedures or our internal controls will prevent all errors and all fraud. A control system, no matter how well conceived and operated, can provide only reasonable, not absolute, assurance that the objectives of the control system are met. Further, the design of a control system must reflect the fact that there are resource constraints and the benefits of controls must be considered relative to their costs. Because of the inherent limitations in all control systems, no evaluation of controls can provide absolute assurance that all control issues and instances of fraud, if any, within the Company have been detected. These inherent limitations include, but are not limited to, the realities that judgments in decision-making can be faulty and that breakdowns can occur because of simple error or mistake. Additionally, controls can be circumvented by the individual acts of some persons, by collusion of two or more people, or by management override of the control. The design of any system of controls also is based in part upon certain assumptions about the likelihood of future events and there can be no assurance that any design will succeed in achieving its stated goals under all potential future conditions. Over time, controls may become inadequate because of changes in conditions, or the degree of compliance with the policies or procedures may deteriorate. Because of the inherent limitations in a cost-effective control system, misstatements due to error or fraud may occur and not be detected.

PART II — OTHER INFORMATION

Item 1. Legal Proceedings.

None.

Item 1A. Risk Factors.

Not applicable to small reporting companies.

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

None.

Item 3. Defaults Upon Senior Securities.

None.

Item 5. Other Information.

None.

Item 6. Exhibits


31.1		Certification of Chief Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002

31.2		Certification of Chief Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002

32.		Certification of Chief Executive Officer and Chief Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

(Signatures appear on following page)

1413

SIGNATURES

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

ASIA ELECTRICAL POWER INTERNATIONAL GROUP INC.


ASIA ELECTRICAL POWER INTERNATIONAL GROUP INC. Date: June 15, 2010
By:	/s/ Yunlong Guo
	Yulong Guo
	President and Chief Executive Officer

By:	/s/ Yunbin Li
	Yunbin Li
	Chief Financial Officer

~~Date: November 13, 2009~~14

By: /s/ Yulong Guo Yulong Guo President, Chief Executive Officer and Director By: /s/ Yunbin Li Yunbin Li Chief Financial Officer

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Filing Compare · Asia Electrical Power International Group Inc.