UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10−Q

(Mark One)

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

For the quarterly period ended: ~~March~~June 3130, 2009

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

For the transition period from ____________ to _____________

Commission File Number: 000-53068

CHINA FUHUA NEW MATERIAL HOLDINGS, INC.

(Exact Name of Registrant as Specified in Its Charter)

Delaware		26-1702241
(State or other jurisdiction of incorporation or organization)		(I.R.S. Employer Identification No.)

9595 Wilshire Blvd., Suite 900

Beverly Hills, CA 90212

(Address of principal executive offices, Zip Code)

310-300-8418

(Registrant’s telephone number, including area code)

(Former name, former address and former fiscal year, if changed since last report)

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

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.

Large accelerated filer ¨ Accelerated filer xþ Non-accelerated filer ¨ (Do not check if a smaller reporting company) Smaller reporting company ¨

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

The number of shares outstanding of each of the issuer’s classes of common stock, as of September ~~May~~ 12, 2009 is as follows:

Class of Securities		Shares Outstanding
Common Stock, $0.001 par value		5,000,000

~~TABLE~~PART OFI ~~CONTENTS~~– FINANCIAL INFORMATION

PART I
FINANCIAL INFORMATION
ITEM 1.	FINANCIAL STATEMENTS	2
ITEM 2.	MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS	9
ITEM 3.	QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK	12
ITEM 4.	CONTROLS AND PROCEDURES	12
PART II
OTHER INFORMATION
ITEM 1.	LEGAL PROCEEDINGS	13
ITEM 1A.	RISK FACTORS	13
ITEM 2.	UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS	13
ITEM 3.	DEFAULTS UPON SENIOR SECURITIES	13
ITEM 4.	SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS	13
ITEM 5.	OTHER INFORMATION	13
ITEM 6.	EXHIBITS	13

Item 1. Financial Statements

PART I

FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS.

CHINA FUHUA NEW MATERIAL HOLDINGS, INC.

(A ~~Development~~DEVELOPMENT ~~Stage~~STAGE ~~Enterprise~~COMPANY)

~~INDEX~~(A TODELAWARE ~~FINANCIAL STATEMENTS~~CORPORATION)

		Page
Balance Sheets as of March 31, 2009 (Unaudited) and as of December 31, 2008 (Audited)		3
Statements of Operations for the Three Months Ended March 31, 2009 and March 31, 2008 and for the cumulative period from inception (January 8, 2008) to March 31, 2009 (Unaudited)		4
Statement of Stockholders’ Deficit for the cumulative period from inception (January 8, 2008) to March 31, 2009 (Unaudited)		5
Statements of Cash Flows for the Three Months Ended March 31, 2009 and March 31, 2008 and for the cumulative period from inception (January 8, 2008) to March 31, 2009 (Unaudited)		6
Notes to Financial Statements (Unaudited)		7

Beverly Hills, CA

FINANCIAL REPORTS

JUNE 30, 2009

CHINA FUHUA NEW MATERIAL HOLDINGS, INC.

(A DEVELOPMENT STAGE COMPANY)

(A DELAWARE CORPORATION)

Beverly Hills, CA

TABLE OF CONTENTS

Balance Sheets at June 30, 2009 (Unaudited) and December 31, 2008 (Audited)	3

Statements of Operations for the Three and Six Months Ended June 30, 2009 and 2008 and for the Period from Date of Inception (January 8, 2008) through June 30, 2009 (Unaudited)	4

Statement of Stockholder’s Deficit for the Period from Date of Inception (January 8, 2008) through June 30, 2009 (Unaudited)	5

Statements of Cash Flows for the Six Months Ended June 30, 2009 and 2008 and for the Period from Date of Inception (January 8, 2008) through June 30, 2009 (Unaudited)	6

Notes to Financial Statements (Unaudited)	7-11

CHINA FUHUA NEW MATERIAL HOLDINGS, INC.

(A Development Stage Enterprise)

BALANCE SHEETS

	March 31, 2009 (unaudited)			December 31, 2008
	June 30, 2009 (unaudited)			December 31, 2008
Assets:	$
Current Assets:
Cash		-			-
Total Current Assets		-			-
TOTAL ASSETS		-			-
LIABILITIES AND STOCKHOLDER’S EQUITY:
Commitment and contingencies		-			-
Accrued Expenses		500			-
Stockholder’s equity:
Common stock, $.001 par value, authorized 100,000,000 shares 5,000,000 issued and outstanding		5,000			5,000
Additional paid in capital		34,~~000~~500			3,000
Deficit accumulated during the development stage		(810,000	)		(8,000	)
Total Stockholder’s equity		-(500)			-
TOAL LIABILITIES AND STOCKHOLDER’S DEFICIT	$	-			-

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

CHINA FUHUA NEW MATERIAL HOLDINGS, INC.

(A Development Stage Enterprise)

STATEMENTS OF OPERATIONS

(Unaudited)

Income	For the Three months ended March 31, 2009			For the Three months ended March 31, 2008			For the period January 8, 2008 (Inception) through March 31, 2009
													Period From
Revenue					-			-
													Date of Inception
Expenses					-			-
	For the Six Months Ended						For the Three Months Ended						(January 8, 2008)
General and Administrative		-			-			8,000
	June 30,						June 30,						Through
TOTAL EXPENSES		-			-			8,000
	2009			2008			2009			2008			June 30, 2009
Net Loss								(8,000	)
Revenues	$	—		$	—		$	—		$	—		$	—
Net loss per share (basic and diluted)		(.00	)		(.00	)		(.00	)
Expenses
Weighted average shares outstanding (basic and diluted)		5,000,000			5,000,000			5,000,000
General and Administrative		2,000			—			—			—			10,000
Total Expenses	$	2,000		$	—		$	—		$	—		$	10,000
Net Loss	$	(2000.00	)	$	—		$	(0.00	)	$	—		$	(10,000	)
Loss per Share - Basic and Diluted	$	(0.00	)	$	(0.00	)	$	(0.00	)	$	(0.00	)	$	(0.00	)
Weighted Average Common Shares Outstanding		5,000,000			5,000,000			5,000,000			5,000,000			5,000,000

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

CHINA FUHUA NEW MATERIAL HOLDINGS, INC.

(A Development Stage Enterprise)

STATEMENTS OF STOCKHOLDER’S DEFICIT

For the period from January 8, 2008 (Inception) to ~~March~~June 3130, 2009

(Unaudited)

	Common Stock
	Number of Shares		Amount		Additional Paid in Capital		Accumulated (Deficit) During the Development Stage			Total Stockholder’s Deficit
Inception - January 8, 2008	$	-	$	-	$	-		-		$	-
Issuance of shares to founder		5,000,000		5,000				-			5,000
Net Loss								(8,000	)
Additional Paid In Capital						3,000					3,000
Balance December 31, 2008		5,000,000		5,000		3,000		(8,000	)		—
Net Loss		-		-		-1,500		-(2,000)			—(500)
Balance – March 31, 2009	$	5,000,000	$	5,000	$	3,000		(8,000	)	$	—
Balance – June 30, 2009	$	5,000,000	$	5,000	$	4,500		(10,000	)	$	(500)

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

CHINA FUHUA NEW MATERIAL HOLDINGS, INC.

(A Development Stage Enterprise)

STATEMENTS OF CASH FLOWS

(unaudited)

Cash Flows from Operating Activities:	For the three months ended March 31, 2009		For the three months ended March 31, 2008		For the period January 8, 2008 (Inception) through March 31, 2009
					Period From
Net Loss	$	—	$	—	$	(8,000	)
					Date of Inception
Shares issued in lieu of expenses paid		—		—		5,000
	For the Six Months Ended				(January 8, 2008)
Cash Flows used in Operating Activities		—		—		—
	June 30,				Through
Cash Flows from Financing Activities		—		—		—
	2009		2008		June 30, 2009
Contributed Capital		—		—		3,000
Cash Flows from Operating Activities
Net Increase in Cash		—		—		—
Net Loss	$	(2,000)	$	—	$	(8,000	)
Cash and cash equivalents - Beginning of period		—		—		—
Non Cash Adjustments:
Cash and cash equivalents - End of period		—		—		—
Common Stock Issued in Lieu of Expenses paid		—		—		5,000
SUPPLEMENTARY INFORMATION
Change in Accrued Exprnses		500
Interest Paid	$	—	$	—	$	—
Net Cash Flows from Operating Activities		—		—		—
Taxes Paid	$	—	$	—	$	—
Net Cash Flows from Investing Activities		—		—		—
Cash Flows from Financing Activities
Contributed Capital		1,500		—		3,000
Net Change in Cash and Cash Equivalents		—		—		—
Cash and Cash Equivalents - Beginning of Period		—		—		—
Cash and Cash Equivalents - End of Period	$	—	$	—	$	—
Cash Paid During the Period for:
Interest	$	—	$	—	$	—
Income Taxes	$	—	$	—	$	—

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

CHINA FUHUA NEW MATERIAL HOLDINGS, INC.

(A Development Stage Enterprise)

Notes to Financial Statements

~~March 31,~~June 30, 2009

~~NOTE~~NOTES TO 1FINANCIAL ~~— ORGANIZATION~~STATEMENTS

~~Organization~~Note A ~~and~~- The ~~Line of Business~~Company

~~CHINA~~China ~~FUHUA~~Fuhua ~~NEW~~New ~~MATERIAL~~Material ~~HOLDINGS~~Holdings, ~~INC~~Inc., a development stage company (“the “Company”) , was incorporated inunder the laws of the State of Delaware on January 8, 2008 ~~and has been inactive since inception~~. The ~~Company~~ ~~is 100% owned by Ming Xu. The~~ Company is looking to acquire an existing company or acquire the technology to begin operations.

As a blank check company, the Company’s business is to pursue a business combination through acquisition, or merger with, an existing company. As of the date of the financial statements, the Company is not conducting negotiations with any target business. No assurances can be given that the Company will be successful in locating or negotiating with any target company.

Since inception, the Company has been engaged in organizational efforts.

~~NOTE~~The 2condensed —financial ~~SIGNIFICANT~~statements ~~ACCOUNTING~~of ~~POLICIES~~China Fuhua New Material Holdings, Inc., (the “Company”) included herein have been prepared by the Company, without audit, pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”). Certain information and footnote disclosures normally included in financial statements prepared in conjunction with generally accepted accounting principles have been condensed or omitted pursuant to such rules and regulations, although the Company believes that the disclosures are adequate to make the information presented not misleading. These condensed financial statements should be read in conjunction with the annual audited financial statements and the notes thereto included in the Company’s registration statement on Form 10-KSB, and other reports filed with the SEC.

~~Basis~~The accompanying unaudited interim financial statements reflect all adjustments of ~~Presentation/Going~~a normal ~~Concern~~and recurring nature which are, in the opinion of management, necessary to present fairly the financial position, results of operations and cash flows of the Company for the interim periods presented. The results of operations for these periods are not necessarily comparable to, or indicative of, results of any other interim period or for the fiscal year taken as a whole. Certain information that is not required for interim financial reporting purposes has been omitted.

~~The~~Note ~~accompanying~~B ~~financial~~- Summary ~~statements have been prepared in conformity with accounting principles generally accepted in the United States~~ of ~~America,~~Significant ~~which~~Accounting contemplate continuation of the Company as a going concern. However, the Company has no established source of revenue. This matter raises substantial doubt about the Company’s ability to continue as a going concern. These financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts, or amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern.Policies

~~Management~~Method ~~plans~~of ~~to take the following steps that it believes will be sufficient to provide the Company with the ability to continue in existence:~~Accounting

~~Management~~The ~~intends~~Company tomaintains ~~raise~~its ~~financing~~books ~~through~~and ~~private~~prepares ~~equity~~its ~~financing~~financial orstatements ~~other~~on ~~means~~the ~~and~~accrual ~~interests~~basis ~~that~~of ~~it deems necessary~~accounting.

~~As of~~Note ~~March 31,~~B ~~2009,~~- Summary ~~the~~of ~~Company~~Significant ~~has~~Accounting ~~not~~Policies ~~raised any equity~~– ~~financing.~~continued

~~Use~~Recent ~~of Estimates~~Pronouncements

The ~~preparation~~Company ofdoes ~~financial~~not ~~statements~~expect ~~in conformity with generally accepted accounting principles require management to make estimates and assumptions that affect~~ the ~~reported~~adoption ~~amount~~ of ~~assets~~recently ~~and~~issued ~~liabilities and disclosures of~~accounting ~~contingent~~pronouncements ~~assets~~to ~~and~~have ~~liabilities~~a atsignificant ~~the~~impact ~~date~~on of the ~~financial~~Company’s ~~statements~~results ~~and the reported amounts~~ of ~~revenue and expense during the reporting periods. Actual~~ ~~results~~operations, ~~could~~financial ~~differ~~position, ~~from~~or ~~these~~cash ~~estimates~~flow.

~~Fair~~Note ~~Value~~C of- Equity ~~Financial Instruments~~Securities

~~The~~Holders ~~estimated~~of ~~fair~~shares ~~values~~ of ~~cash,~~common ~~property~~stock ~~and~~shall ~~equipment~~be ~~and~~entitled ~~due~~ to ~~stockholder, none~~cast ofone ~~which~~vote ~~are held~~ for ~~trading~~each ~~purposes, approximate their carrying value~~common ~~because~~share ofheld ~~the~~at ~~short~~all ~~term~~stockholder’s ~~maturity~~meetings offor ~~these~~all ~~instruments~~purposes, orincluding the election ~~stated~~of ~~interest rates~~directors. The ~~are~~common ~~indicative~~stock ofdoes ~~market~~not ~~interest~~have ~~rates~~cumulative voting rights.

- continued -

CHINA FUHUA NEW MATERIAL HOLDINGS, INC.

(A Development Stage Enterprise)

Notes to Financial Statements

~~Period~~June ~~Ending March 31~~30, 2009

NOTE 2 — SIGNIFICANT ACCOUNTING POLICIES (Continued)

Income Taxes

The Company follows the asset and liability method of accounting for income taxes. Deferred tax assets and liabilities are recognized for the estimated future tax consequences attributable to differences between the financial statements carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that included the enactment date. A valuation allowance is recorded to reduce the carrying amounts of deferred tax assets unless management believes it is more likely than not that such assets will be realized.

Basis and Diluted lncome/(Loss) Per Share:

In accordance with SFAS No. 128, “Earnings Per Share,” the basic income/(loss) per common share is computed by dividing net income/(loss) available to common stockholders by the weighted average number of common shares outstanding. Diluted income per common share is computed similar to basic income per common share except that the denominator is increased to include the number of additional common shares that would have been outstanding if the potential common shares had been issued and if the additional common shares were dilutive.

Revenue Recognition

Revenue is recognized in accordance with SEC Staff Accounting Bulletin No. 101, “Revenue Recognition in Financial Statements”. The Company recognizes revenue when the significant risks and rewards of ownership have been transferred to the customer pursuant to applicable laws and regulations, including factors such as when there has been evidence of a sales arrangement, the performance has occurred, or service have been rendered, the price to the buyer is fixed or determinable, and collectability is reasonably assured.

NOTE 3 — STOCKHOLDER’S EQUITY

Holders of shares of common stock shall be entitled to cast one vote for each common share held at all stockholder meetings for all purposes, including the election of directors. The common stock does not have cumulative voting rights.

The preferred stock of the Company shall be issued by the Board of Directors of the Company in one or more classes or one or more series within any class and such classes or series shall have such voting powers, full or limited, or no voting powers, and such designations, preferences, limitations or restrictions as the Board of Directors of the Company may determine, from time to time.

No holder of shares of stock of any class shall be entitled as a matter of right to subscribe for or purchase or receive any part of any new or additional issue of shares of stock of any class, or of securities convertible into shares of stock ofor any class, whether now hereafter authorized or whether issued for money, for consideration other than money, or by way of dividend.

~~The~~Note ~~Company~~D ~~has~~- Going ~~issued a total of 5,000,000 shares of common stock.~~Concern

The Company’s financial statements have been presented on the basis that it is a going concern, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. The Company has reported recurring losses from operations. As a result, there is an of $10,000 at June 30, 2009.

The Company’s continued existence is dependent upon its ability to raise capital or acquire a marketable company. The financial statements do not include any adjustments that might be necessary should the Company be unable to continue as a going concern.

Note E - Subsequent Events

Subsequent events were evaluated through September14, 2009, the date the financial statements were issued.

~~ITEM~~CHINA FUHUA 2.NEW ~~MANAGEMENT’S~~MATERIAL ~~DISCUSSION~~HOLDINGS, ~~AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS~~INC.

~~The~~(A ~~following~~Development ~~management’s~~Stage discussion and analysis should be read in conjunction with our financial statements and the notes thereto and the other financial information appearing elsewhere in this report. In addition to historical information, the following discussion contains certain forward-looking information. See “Special Note Regarding Forward Looking Statements” below for certain information concerning those forward looking statements. Our financial statements are prepared in U.S. dollars and in accordance with U.S. GAAP.Enterprise)

~~Special~~Notes ~~Note~~to ~~Regarding~~Financial ~~Forward Looking~~ Statements

~~This~~June ~~Quarterly Report on Form 10-Q~~30, including the following “Management’s Discussion and Analysis of Financial Condition and Results of Operations,” contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such statements include, among others, those concerning our expected financial performance and strategic and operational plans, as well as all assumptions, expectations, predictions, intentions or beliefs about future events. You are cautioned that any such forward-looking statements are not guarantees of future performance and that a number of risks and uncertainties could cause actual results of the Company to differ materially from those anticipated, expressed or implied in the forward-looking statements. The words “believe,” “expect,” “anticipate,” “project,” “targets,” “optimistic,” “intend,” “aim,” “will” or similar expressions are intended to identify forward-looking statements. All statements other than statements of historical fact are statements that could be deemed forward-looking statements. Risks and uncertainties that could cause actual results to differ materially from those anticipated include any of the factors and risks mentioned in the “Risk Factors” sections of our Annual Report on Form 10-K filed on April 10, 2009 ~~and subsequent SEC filings. The Company assumes no obligation and does not intend to update any forward-looking statements, except as required by law.~~

~~Use~~ Item 2. Management’s Discussion and Analysis or Plan of ~~Terms~~Operation.

Except as otherwise indicated by the context, all references in this annual report to (i) the “Company,” “we,” “us” and “our” are to China Fuhua New Material Holdings, Inc., a Delaware corporation; (ii) “SEC” are to the Securities and Exchange Commission; (iii) “Securities Act” are to the Securities Act of 1933, as amended; (iv) “Exchange Act” are to the Securities Exchange Act of 1934, as amended; and (v) “U.S. dollar,” “$” and “US$” are to the legal currency of the United States.

Overview of Our Business

We were incorporated in the State of Delaware on January 8, 2008. Since inception, we have been engaged in organizational efforts and obtaining initial financing. We were formed as a vehicle to pursue a business combination through the acquisition of, or merger with, an operating business. Since the effectiveness of our registration statement on Form 10-SB, we have focused our efforts on identifying a possible business combination.

We are currently a shell company that intends to enter into a business combination with one or more privately held businesses. Management believes that we will be attractive to privately held operating companies interested in becoming publicly traded by means of a business combination with us, without offering their own securities to the public. We will not be restricted in our search for business combination candidates to any particular geographical area, industry or industry segment, and may enter into a combination with a private business engaged in any line of business. Management’s discretion is, as a practical matter, unlimited in the selection of a combination candidate.

Share Exchange Agreement

On December 12, 2008, we entered into a share exchange agreement, or Share Exchange Agreement, with: Leading Asia Pacific Investment Limited, a British Virgin Islands company, or Leading Asia; Good Wealth Capital Investment Limited, a Hong Kong company; TMK Power Industries Ltd., a PRC company, and its shareholders, Henian Wu, Zongfu Wang and Junbiao Huang; Unitech International Investment Holdings Limited, a British Virgin Islands company, or Unitech; and Ming Xu, our sole director, officer and stockholder. Under the Share Exchange Agreement, Unitech, as the sole holder of Leading Asia’s capital stock, has agreed to transfer all of its Leading Asia stock to us in exchange for a number of newly issued shares of our common stock that will constitute eighty-four percent (84%) of our issued and outstanding capital stock, on a fully diluted basis, as of and immediately after consummation of the Share Exchange Agreement.

Closing of the transactions contemplated by the Share Exchange Agreement is subject to the satisfaction or waiver of customary closing conditions, including the delivery of opinions from Leading Asia’s respective legal counsel in the British Virgin Islands and in China. The parties have not set a proposed closing date for the transaction. The Share Exchange Agreement may be terminated prior to the closing: (a) by mutual agreement of Leading Asia, the Company, and Unitech; (b) by the Company upon written notice to Leading Asia and Unitech in the event (1) Leading Asia, Unitech or any of Henian Wu, Zongfu Wang and Junbiao Huang has breached any material representation, warranty, or covenant contained in the Share Exchange Agreement in any material respect, and the Company has notified Leading Asia, Unitech and/or such person of the breach, and the breach has continued without cure for a period of twenty (20) days after the notice of breach or (2) that the Company objects to any information contained in Leading Asia’s disclosures and the parties cannot agree on mutually satisfactory modifications thereto; or, (c) by Leading Asia in the event we have breached any material representation, warranty, or covenant contained in the Share Exchange Agreement in any material respect, Leading Asia has notified us of the breach, and the breach has continued without cure for a period of twenty (20) days after the notice of breach.

Plan of Operation

~~We have~~The ~~not~~Company ~~realized~~has ~~any~~not ~~revenues~~restricted ~~from~~its ~~operations~~search ~~since~~for ~~our~~any ~~inception,~~specific ~~and~~kind ~~our~~of ~~plan~~businesses, ofand ~~operation~~it ~~for~~may ~~the~~acquire ~~next~~a ~~twelve~~business ~~months~~which is toin ~~locate~~its apreliminary ~~suitable~~or ~~acquisition~~development orstage, ~~merger~~which ~~candidate~~is ~~and~~already ~~consummate~~in aoperation, ~~business~~or ~~combination.~~in Weessentially ~~may~~any ~~need~~stage ~~additional cash~~of ~~advances~~its ~~from~~business ~~our~~life. It ~~stockholder~~is orimpossible ~~loans from other parties~~ to ~~pay~~predict ~~for operating~~the ~~expenses~~status ~~until~~of weany ~~consummate~~business ain ~~merger~~which orthe ~~business~~Company ~~combination with a~~may ~~privately-held~~become ~~operating~~engaged, ~~company.~~in ~~Although it is currently anticipated~~ that ~~we can~~such ~~satisfy~~business ~~our~~may ~~cash~~need ~~requirements~~to ~~with~~seek additional ~~cash~~capital, ~~advances or loans from~~may ~~other~~desire ~~parties,~~to ifhave ~~needed,~~its ~~for~~shares atpublicly ~~least the next twelve months~~traded, weor ~~can~~may ~~provide~~seek noother perceived ~~assurance~~advantages ~~that~~which wethe ~~can~~Company ~~continue~~may ~~to satisfy our cash requirements for such period~~offer.

~~Since our~~In ~~formation~~implementing ona ~~January~~structure 8,for ~~2008, our purpose has been to effect~~ a ~~business combination~~particular ~~with an operating~~ business ~~which~~acquisition, wethe ~~believe~~Company ~~has significant growth~~may ~~potential.~~become Wea ~~are~~party ~~currently considered~~ to be a ~~“blank~~merger, ~~check” company in as much as we have no specific business plans~~consolidation, ~~no operations~~reorganization, ~~revenues~~joint ~~or employees. Other than the Share Exchange Agreement described above~~venture, ~~we currently have no definitive agreements~~ or ~~understanding with any prospective business combination~~ ~~candidates~~licensing ~~and~~agreement ~~have not targeted any business for investigation and evaluation nor are there any assurances that we will find a suitable business~~ with ~~which~~another ~~to combine.~~corporation ~~The implementation of our business objectives is wholly contingent upon a business combination and/~~or ~~the successful sale of securities in the Company~~entity.

AsIt ais ~~result~~anticipated ofthat ~~our~~any ~~limited~~securities ~~resources,~~issued wein ~~expect~~any tosuch ~~effect~~business ~~only~~combination awould ~~single business~~be ~~combination.~~issued ~~Accordingly,~~in ~~the~~reliance ~~prospects~~upon ~~for~~exemption ~~our~~from ~~success~~registration ~~will~~under beapplicable ~~entirely~~federal and ~~dependent~~state ~~upon~~securities ~~the~~laws. ~~future~~In ~~performance~~some ofcircumstances, ahowever, ~~single~~as ~~business.~~a ~~Unlike~~negotiated ~~certain~~element ~~entities~~of ~~that~~its ~~have~~transaction, the ~~resources~~Company tomay ~~consummate~~agree ~~several~~to ~~business~~register ~~combinations~~all or a part of such ~~entities~~securities ~~operating~~immediately inafter ~~multiple~~the ~~industries~~transaction is consummated or ~~multiple~~at ~~segments~~specified times ofthereafter. aIf ~~single industry~~such registration occurs, weit will ~~not~~be ~~have~~undertaken by the surviving ~~resources~~entity toafter ~~diversify~~the ~~our~~Company ~~operations~~has orentered ~~benefit from~~into ~~the~~an ~~possible~~agreement ~~spreading~~for ofa ~~risks~~business combination or ~~offsetting~~has ofconsummated ~~losses~~a business combination. AThe ~~target~~issuance ~~business~~of ~~may~~additional besecurities ~~dependent~~and ~~upon~~their potential sale into any trading market which may develop in the ~~development~~Company's orsecurities may depress the market ~~acceptance~~value of athe Company's ~~single~~securities ~~or limited~~in ~~number~~the future if such a market develops, of ~~products~~which there is no assurance. However, ~~processes~~if orthe ~~services~~Company cannot effect a non-cash acquisition, inthe Company ~~which~~may ~~case~~have ~~there~~to ~~will~~raise befunds from a private offering of its securities under anRule ~~even~~506 ~~higher~~of ~~risk~~Regulation ~~that~~D. ~~the~~There ~~target~~is ~~business~~no ~~will~~assurance ~~not~~the ~~prove~~Company towould beobtain ~~commercially~~any ~~viable~~such equity funding.

~~Our sole~~The ~~officer~~Company iswill ~~only~~participate ~~required~~in ~~to devote~~ a ~~very~~business ~~limited~~combination ~~portion~~only ofafter ~~her~~the ~~time to our~~negotiation ~~affairs~~and onexecution aof ~~part-time~~appropriate ~~or as-needed basis~~agreements. WeNegotiations ~~expect~~with toa ~~use~~target ~~outside~~company ~~consultants,~~will ~~advisors,~~likely ~~attorneys~~focus ~~and~~on ~~accountants~~the aspercentage ~~necessary,~~of ~~none~~the ofCompany which ~~will~~the betarget ~~hired on~~company ashareholders ~~retainer~~would ~~basis.~~acquire Wein doexchange ~~not~~for ~~anticipate~~their ~~hiring any full-time employees so long as we are seeking and evaluating business opportunities~~shareholdings.

~~We expect~~Although ~~our~~the ~~present~~terms ~~management~~of tosuch ~~play~~agreements nocannot ~~managerial~~be ~~role~~predicted, ingenerally such agreements will require certain representations and warranties of the ~~Company~~parties ~~following~~thereto, awill ~~merger~~specify orcertain ~~business~~events ~~combination.~~of ~~Although~~default, wewill ~~intend~~detail tothe ~~scrutinize~~terms ~~closely~~of closing and the ~~management~~conditions ofwhich amust ~~prospective~~be ~~target~~satisfied ~~business~~by inthe ~~connection~~parties ~~with~~prior ~~our~~to ~~evaluation~~and ofafter such aclosing ~~business~~and ~~combination~~will ~~with~~include amiscellaneous ~~target~~other ~~business,~~terms. ~~our~~Any ~~assessment~~merger ofor ~~management may~~acquisition beeffected ~~incorrect.~~by Wethe ~~cannot~~Company ~~assure~~can ~~you~~be ~~that~~expected weto ~~will~~have ~~find~~ a ~~suitable~~significant ~~business~~dilutive ~~with~~effect on ~~which~~the topercentage ~~combine~~of shares held by the Company's shareholders at such time.

Results of Operations

~~We have~~The Company has not conducted any active operations since inception, except for ~~our~~ its efforts to locate a suitable acquisition ~~or merger transaction~~candidates. No revenue has been ~~generated~~ generated by the Company ~~during~~from ~~such~~January ~~period~~8, ~~and~~2008 it(inception) to June 30, 2009. It is unlikely the ~~that~~Company we will have any revenues unless weit ~~are~~is able to effect an acquisition of or merger with ~~another~~ an operating company, of which there can be no assurance.

10Expenses incurred since inception are primarily due to legal, accounting, and other professional service fees.

Since inception on January 8, 2008, we had no revenues and incurred a net loss of $8,000. All general and administrative expenses of $8,000 related primarily to accounting, legal and miscellaneous general and administrative fees that are applicable to all public companies.9

CHINA FUHUA NEW MATERIAL HOLDINGS, INC.

(A Development Stage Enterprise)

Notes to Financial Statements

June 30, 2009

Liquidity and Capital Resources

WeAt ~~had no~~June ~~cash~~30, on2009, ~~hand~~the atCompany ~~March~~had ~~31,~~no ~~2009~~capital resources and ~~have~~will norely ~~cash~~upon tothe ~~meet~~issuance of ~~ongoing~~common ~~expenses~~stock ~~or debts~~and ~~that~~additional ~~may~~capital ~~accumulate.~~contributions Asfrom ofshareholders ~~March~~to ~~31,~~fund administrative ~~2009,~~expenses wepending ~~had~~acquisition of an ~~accumulated deficit~~operating ~~of $8,000~~company.

WeManagement anticipates ~~have~~seeking out a target company through solicitation. Such solicitation nomay ~~commitment~~include ~~for~~newspaper ~~any~~or ~~capital~~magazine ~~expenditure~~advertisements, mailings and ~~foresee~~other distributions ~~none.~~to ~~However~~law firms, weaccounting ~~will incur~~firms, ~~routine~~investment ~~fees~~bankers, financial advisors and ~~expenses~~similar ~~incident~~persons, tothe ~~our~~use ~~reporting~~of ~~duties~~one asor amore ~~public company,~~World Wide Web sites and similar wemethods. ~~will~~No ~~incur~~estimate ~~expenses~~can inbe ~~finding~~made ~~and~~as ~~investigating~~to ~~possible~~the number of persons who will be ~~acquisitions~~contacted ~~and~~or ~~other~~solicited. ~~fees~~Management ~~and~~may ~~expenses~~engage in ~~the~~such ~~event~~solicitation wedirectly ~~make~~or may anemploy ~~acquisition~~one or ~~attempts~~ ~~but~~more ~~are~~other ~~unable~~entities to ~~complete~~conduct anor ~~acquisition.~~assist ~~Our~~in ~~cash~~such ~~requirements for~~solicitation. ~~the~~Management ~~next~~and ~~twelve~~its ~~months~~affiliates ~~are~~will ~~relatively~~pay ~~modest,~~referral ~~principally~~fees ~~legal,~~to ~~accounting expenses~~consultants and ~~other~~others who ~~expenses~~refer ~~relating~~target tobusinesses ~~making~~for ~~the~~mergers ~~filings~~into ~~required~~public ~~under~~companies ~~the~~in which ~~Exchange~~management ~~Act.~~and ~~Any~~its ~~travel,~~affiliates ~~lodging~~have oran ~~other~~interest. ~~expenses~~Payments ~~which~~are ~~may~~made ~~arise~~if ~~related~~a tobusiness ~~finding~~combination occurs, ~~investigating~~ and ~~attempting~~may toconsist ~~complete~~of cash or a ~~business~~portion ~~combination~~of ~~with one~~the orstock ~~more~~in ~~potential~~the Company ~~acquisitions~~retained ~~could~~by ~~also~~management ~~amount~~and toits ~~thousands~~affiliates, ~~of dollars~~or both.

~~Our~~The ~~current~~Company ~~management~~and/or ~~has~~shareholders ~~informally~~will ~~agreed~~supervise tothe ~~continue~~search ~~rendering~~for ~~services~~target tocompanies usas ~~and~~potential tocandidates ~~not~~for ~~demand~~a ~~compensation~~business ~~unless~~combination. ~~and~~The ~~until~~Company weand/or ~~complete an acquisition. The~~shareholders ~~terms~~may ofpay ~~any~~as ~~such~~their ~~payment~~own ~~will~~expenses ~~have~~any tocosts beincurred ~~negotiated~~in ~~with~~supervising the ~~principals~~search offor ~~any~~a ~~business~~target ~~acquired~~company. The ~~existence~~Company and/or ~~amounts~~shareholders ofmay ~~our~~enter ~~debt~~into ~~may~~agreements ~~make~~with other itconsultants ~~more~~to assist in locating a target company and may share stock ~~difficult~~received toby ~~complete,~~it or ~~prevent~~cash ~~completion~~resulting from the sale of, aits ~~desirable~~securities with such other ~~acquisition~~consultants.

~~We will~~Off-Balance ~~only~~Sheet be able to pay our future debts and meet operating expenses by raising additional funds, acquiring a profitable company or otherwise generating positive cash flow. As a practical matter, we are unlikely to generate positive cash flow by any means other than acquiring a company with such cash flow. We believe that management members or stockholders will loan funds to us as needed for operations prior to completion of an acquisition. Management and stockholders are not obligated to provide funds to us, however, and it is not certain they will always want or be financially able to do so. Our stockholders and management members who advance money to us to cover operating expenses will expect to be reimbursed, either by us or by the company acquired, prior to or at the time of completing a combination. We have no intention of borrowing money to reimburse or pay salaries to any of our officers, directors or stockholders or their affiliates. There currently are no plans to sell additional securities to raise capital, although sales of securities may be necessary to obtain needed funds. Our current management has agreed to continue their services to us and to accrue sums owed them for services and expenses and expect payment reimbursement only.Arrangements

~~Should~~The ~~existing~~Company ~~management~~does ornot ~~stockholders~~have ~~refuse~~any tooff-balance ~~advance~~sheet ~~needed~~arrangements ~~funds,~~that ~~however,~~have weor are ~~would~~reasonably belikely ~~forced~~ to ~~turn~~have toa ~~outside~~current ~~parties~~or tofuture ~~either~~effect ~~loan~~on ~~money~~the toCompany’s ~~us or buy our~~financial ~~securities.~~condition, ~~There~~changes isin nofinancial ~~assurance~~condition, ~~whatever~~revenues ~~that~~or weexpenses, ~~will~~results ~~be able to raise~~of ~~necessary~~operations, ~~funds~~liquidity, ~~from~~capital ~~outside~~expenditures ~~sources.~~or ~~Such~~capital aresources ~~lack~~that ~~of funds could result in~~is ~~severe~~material ~~consequences~~ to ~~us, including among others:~~investors.

·Item ~~failure~~3. toQuantitative ~~make timely filings with the SEC as required by the Exchange Act, which could result in fines~~ and ~~penalties~~qualitative toDisclosures usAbout ~~under~~Market ~~the Exchange Act;~~Risk

~~· curtailing or eliminating our ability to locate and perform suitable investigations of potential acquisitions; or~~Not applicable.

·Item ~~inability~~4. toControls ~~complete a desirable acquisition due to lack of funds to pay legal~~ and ~~accounting fees and acquisition-related expenses~~Procedures.

~~We hope~~Evaluation toof ~~require~~Controls ~~potential candidate companies to deposit funds with us that we can use to defray professional fees~~ and ~~travel, lodging and other due diligence expenses incurred by our management related to finding and investigating a candidate company and negotiating and consummating a business combination~~Procedures. ~~There is no assurance that any potential candidate will agree to make such a deposit.~~

11In accordance with Exchange Act Rules 13a-15 and 15d-15, our management is required to perform an evaluation under the supervision and with the participation of the Company’s management, including the Company’s principal executive officer and principal financial officer, of the effectiveness of the design and operation of the Company’s disclosure controls and procedures as of the end of the period.

~~Critical Accounting Policies~~10

~~Critical~~CHINA ~~accounting~~FUHUA ~~policies~~NEW ~~are~~MATERIAL ~~those~~HOLDINGS, ~~we believe are most important to portraying our financial conditions and results of operations and also require the greatest amount of subjective or complex judgments by management~~INC. Judgments and uncertainties regarding the application of these policies may result in materially different amounts being reported under various conditions or using different assumptions. There have been no material changes to the critical accounting policies previously disclosed in our Annual Report on Form 10-K for the fiscal year ended December 31, 2008.

~~Recent~~(A ~~Accounting~~Development ~~Pronouncements~~Stage Enterprise)

InNotes ~~December~~to ~~2007, the~~ Financial Accounting Standards Board, or FASB issued Statement of Financial Accounting Standard, or SFAS, No. 141R, Business Combinations, which establishes principles and requirements for how the acquirer recognizes and measures in its financial statements the identifiable assets acquired, the liabilities assumed, and any noncontrolling interest in the acquiree, goodwill acquired in the business combination or a gain from a bargain purchase. SFAS No. 141R is effective for which the acquisition date is on or after the beginning of the first annual reporting period beginning on or after December 15, 2008. We do not expect the adoption of SFAS No. 141R to have an effect on our financial statements.Statements

InJune ~~December 2007~~30, the FASB issued SFAS No. 160, Noncontrolling Interests in Consolidated Financial Statements, which establishes accounting and reporting standards for the noncontrolling interest in a subsidiary and for the deconsolidation of a subsidiary. SFAS No. 160 is effective for financial statements issued for fiscal years beginning on or after December 15, 2008, and interim periods within those fiscal years. We do not expect the adoption of SFAS No. 160 to have an effect on our financial statements.2009

Management does not believe that any other recently issued, but not yet effective accounting pronouncements, if adopted, would have a material effect on our financial statements.

Off Balance Sheet Arrangements

We do not have any off balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity or capital expenditures or capital resources that is material to an investor in our securities.

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK.

Not Applicable.

ITEM 4. CONTROLS AND PROCEDURES.

Evaluation of Disclosure Controls and Procedures

WeBased on ~~maintain~~their evaluation of our disclosure controls and procedures (as defined in ~~Rule~~ Rules 13a-15(e) and 15d-15(e) under the Exchange Act) ~~that~~as ~~are~~of ~~designed~~June to30, ~~ensure~~2009, ~~that~~our Principal ~~information~~Executive Officer and Principal Financial Officer have concluded that our ~~would~~disclosure becontrols and procedures were not effective to ensure that the information required to be disclosed inby ~~Exchange~~us ~~Act~~in ~~reports~~this isReport was recorded, processed, summarized and reported within the time ~~period~~periods specified in the SEC’s rules and ~~forms,~~ ~~and~~instructions ~~that~~for ~~such~~Form information is accumulated and communicated to our management, including to our principal executive officer and principal financial officer, as appropriate, to allow timely decisions regarding required disclosure10-Q.

AsOur ~~required~~Principal byExecutive ~~Rule~~Officer ~~13a-15 under the Exchange Act, our management, including our principal executive officer~~ and ~~principal~~Principal ~~financial~~Financial ~~officer~~Officer ~~(which~~have currently is the same person), evaluated the effectiveness of the design and operation of our disclosure controls and procedures as of March 31, 2009. Based on that evaluation, our principal executive officer and principal financial officer concluded that ~~as of March 31, 2009, and as of the date that the evaluation of~~ ~~the effectiveness of~~ our disclosure controls and procedures ~~was~~had ~~completed, our disclosure controls and procedures were effective to satisfy~~ the ~~objectives for~~following ~~which they are intended.~~deficiency:

●

We were unable to maintain any segregation of duties within our business operations due to our reliance on a single individual fulfilling the role of both our Principal Executive Officer and Principal Financial Officer. While this control deficiency did not result in any audit adjustments to our interim or annual financial statements, it could have resulted in a material misstatement that might have been prevented or detected by a segregation of duties. Accordingly we have determined that this control deficiency constitutes a material weakness.

To the extent reasonably possible, given our limited resources, our goal is, upon consummation of a merger with a private operating company, to separate the responsibilities of principal executive officer and principal financial officer, intending to rely on two or more individuals. We will also seek to expand our current board of directors to include additional individuals willing to perform directorial functions. Since the recited remedial actions will require that we hire or engage additional personnel, this material weakness may not be overcome in the near term due to our limited financial resources. Until such remedial actions can be realized, we will continue to rely on the advice of outside professionals and consultants. This Quarterly Report does not include an attestation report of the Company’s registered public accounting firm regarding internal control over financial reporting. Management’s report was not subject to attestation by the Company’s registered public accounting firm pursuant to temporary rules of the Securities and Exchange Commission that permit the Company to provide only management’s report in this Quarterly Report.

Changes in Internal Controls.

No change in our internal control over financial reporting (as defined in Rules 13a-15(f) and 15d-15(f) under the Exchange Act) occurred during the fiscal quarter ended June 30, 2009 that has materially affected, or is reasonably likely to materially affect, the Company’s internal control over financial reporting. Management assessed the effectiveness of our internal control over financial reporting as of June 30, 2009. In making this assessment, our management used the criteria established in Internal Control-Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission (Coso).

PART II – OTHER INFORMATION

Item 1. Legal Proceedings.

None

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

None

Item 3. Defaults Upon Senior Securities.

None

Item 4. Submission of Matters to a Vote of Security Holders.

None

Item 5. Other Information.

None

Item 6.		Exhibits.

3.1		Certificate of Incorporation, as filed with the Delaware Secretary of State on January 8, 2008 (1)

3.2		By-Laws (1)

31.1		Certification by Chief Executive Officer pursuant to Sarbanes-Oxley Section 302*

31.2		Certification by Chief Financial Officer pursuant to Sarbanes-Oxley Section 302*

32.1		Certification pursuant to Section 906 of Sarbanes Oxley Act of 2002*

* Filed Herewith

(1) Filed as an exhibit to the Company’s Registration Statement on Form 10-SB, as filed with the Securities and Exchange Commission on January 8, 2008, and incorporated herein by reference.

Changes in Internal Control Over Financial Reporting

During the fiscal quarter ended March 31, 2009, there were no changes in our internal control over financial reporting that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.

PART II

OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS.

From time to time, we may become involved in various lawsuits and legal proceedings, which arise, in the ordinary course of business. However, litigation is subject to inherent uncertainties, and an adverse result in these, or other matters, may arise from time to time that may harm our business. We are currently not aware of any such legal proceedings or claims that we believe will have a material adverse affect on our business, financial condition or operating results.

ITEM 1A. RISK FACTORS.

Not Applicable.

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS.

None.

ITEM 3. DEFAULTS UPON SENIOR SECURITIES.

None.

ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS.

No matters were submitted during the first quarter of 2009 to a vote of security holders, through the solicitation of proxies or otherwise.

ITEM 5. OTHER INFORMATION.

None.

ITEM 6. EXHIBITS.

The following exhibits are filed as part of this report or incorporated by reference:

Exhibit No.		Description
31.1		Certifications of Principal Executive Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
31.2		Certifications of Principal Financial and Accounting Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
32.1		Certifications of Principal Executive Officer and Principal Financial and Accounting Officer Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

SIGNATURES

In accordance with ~~Section~~the 13requirements ~~or 15(d)~~ of the Exchange Act, the registrant caused ~~this~~ this report to be signed on its behalf by the undersigned, ~~thereunto~~there unto duly authorized.

Date: May 15, 2009	CHINA FUHUA NEW MATERIAL HOLDINGS, INC.
	By:	/s/ Ming Xu
		Ming Xu, President
		(Principal Executive Officer and Principal Financial and Accounting Officer)

Dated: September 14, 2009

	CHINA FUHUA NEW MATERIAL HOLDINGS, INC.
	(Registrant)

	/s/ Ming Xu
	Ming Xu, President

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